hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
2019 Performance Target and Payout: The ultimate number of our PBRS that vest, can range between 0% to 200%, and will be based on our achievement of the absolute Adjusted EBITDA Run Rate target (measured from fourth quarter of 2018 to fourth quarter of 2020), as illustrated in the table below.
(1) Determined by dividing (i) the Adjusted EBITDA actually attained for the fourth quarter of 2020 minus the Adjusted EBITDA actually attained for the fourth quarter of 2018 by (ii) the Adjusted EBITDA actually attained for the fourth quarter of 2018.
(2) Linear interpolation is used when our Adjusted EBITDA Run Rate performance is between the threshold, target and maximum amounts to determine the corresponding percentage of target award earned.
Table:
Performance Level | Adjusted EBITDA Run Rate(1) | Payout as % of Target Award(2)
Maximum | ≥ 2.8% | 200%
Target | 0.0% | 100%
Threshold | (2.8)% | 50%
Below Threshold | < (2.8)% | 0%


Question: What is the difference in the ratios of the payout expressed as % of Target Award for Maximum over Target compared against Target over Threshold?
Answer: 0
Calculation: (200%/100%)-(100%/50%)
Reporting Channels and Whistleblower Protection
To ensure that our conduct meets relevant legal requirements and the highest ethical standards under the Ethics Code, TSMC provides multiple channels for reporting business conduct concerns.
First of all, our Audit Committee approved and we have implemented the “Complaint Policy and Procedures for Certain Accounting and Legal Matters” and “Procedures for Ombudsman System” that allow employees or any whistleblowers with relevant evidence to report any financial, legal, or ethical irregularities anonymously through either the Ombudsman or directly to the Audit Committee.
TSMC maintains additional internal reporting channels for our employees. To foster an open culture of ethics compliance, we encourage our employees and the third parties we do business with to report any suspected noncompliance with law or relevant TSMC policy.
TSMC treats any complaint and the investigation thereof in a confidential and sensitive manner, and strictly prohibits any form of retaliation against any individual who in good faith reports or helps with the investigation of any complaint. Due to the open reporting channels, TSMC receives reports on various issues from employees and external parties such as our customers and suppliers from time to time. Below is a summary of the Number of Reported Incidents.
Note 1: Among the 205 cases, 132 were related to employee relationship, 47 cases related to other matters (e.g. employee’s individual interest or private matters), and 26 cases related to ethical matters.
Note 2: One case involved an employee who requested a supplier to reserve a hotel and pay advance accommodation fees during his business trip, actions which violate TSMC policy, and the employee was disciplined. Another case involved an employee who abused his work relationship by requesting a supplier to make a personal loan to the employee, a severe violation of our Ethics Code, and the employee was terminated.
Note 3: After the investigation by TSMC’s Sexual Harassment Investigation Committee, four employees involved in confirmed cases of sexual harassment received severe discipline from the Company.
Table:
Year | FY 2016 | FY 2017 | FY 2018 | FY 2019
Total reported cases | 116 | 113 | 150 | 205 (Note 1)
Ethics-related cases | 16 | 20 | 14 | 26
Cases investigated and verified as ethics violations | 2 | 4 | 1 | 2 (Note 2)
Sexual Harassment Investigation Committees Formed | 5 | 7 | 3 | 4
Cases investigated and verified as violations | 5 | 3 | 3 | 4 (Note 3)


Question: Which process allow employees or any whistleblowers with relevant evidence to report any financial, legal, or ethical irregularities anonymously?
Answer: “Complaint Policy and Procedures for Certain Accounting and Legal Matters”, “Procedures for Ombudsman System”
the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable . our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures . the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 . the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 . the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 . we agreed to make payments to nvidia over six years . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable . the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates . note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 .

Table:
( in millions ) | dec 282013 | dec 292012
available-for-sale investments | $ 18086 | $ 14001
cash | 854 | 593
equity method investments | 1038 | 992
loans receivable | 1072 | 979
non-marketable cost method investments | 1270 | 1202
reverse repurchase agreements | 800 | 2850
trading assets | 8441 | 5685
total cash and investments | $ 31561 | $ 26302
in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment .
in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income .
proceeds received and gains recognized for each investment are included in the "available-for-sale investments" and "equity method investments" sections that follow .
table of contents intel corporation notes to consolidated financial statements ( continued ) .

Question: what percentage of total cash and investments as of dec . 29 2012 was comprised of available-for-sale investments?
Answer: 53%
Calculation: divide(14001, 26302)
NOTE 19 – DERIVATIVE FINANCIAL INSTRUMENTS
Please refer to note 21 “Financial Instruments” for further information on fair value hierarchies.
Table:
USDm | 2019 | 2018
Fair value of derivatives: |  | 
Derivative financial instruments regarding freight and bunkers: |  | 
Forward freight agreements | -0.3 | 0.5
Bunker swaps | - | -1.2
Derivative financial instruments regarding interest and currency exchange rate: |  | 
Forward exchange contracts | -0.4 | -1.8
Interest rate swaps | -11.1 | 2.8
Fair value of derivatives as of 31 December | -11.8 | 0.3


Question: What are the types of derivative financial instruments regarding freight and bunkers?
Answer: Forward freight agreements, Bunker swaps
Reconciliations between the amounts computed by applying the U.S. federal statutory tax rate to loss before income taxes, and income tax expense (benefit) follows (in thousands):
We determined no material liabilities related to uncertain income tax positions existed as of December 31, 2019 or 2018, based on our analysis of tax positions taken on income tax returns filed. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state, and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made.
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Income tax benefit at federal statutory rate | $(2,928) | $(1,692)
Increase (decrease) resulting from: |  | 
State tax benefit, net of federal tax effect | (437) | (184)
Effect of change in state tax rate | (26) | 146
Change in valuation allowance | 3,341 | (8,474)
Expirations of net operating losses and application of IRC 382 limitation | 7 | 9,939
Adjustments to deferreds | (29) | 321
Other | 72 | (11)
Income tax expense | $          - | $           45


Question: What are the respective expirations of net operating losses and application of IRC 382 limitation in 2018 and 2019?
Answer: 9,939, 7
Dell purchases our products and services directly from us, as well as through our channel partners. Information about our revenue and receipts, and unearned revenue from such arrangements, for the periods presented consisted of the following (table in millions):
Sales through Dell as a distributor, which is included in reseller revenue, continues to grow rapidly.
Customer deposits resulting from transactions with Dell were $194 million and $85 million as of January 31, 2020 and February 1, 2019, respectively.
Table:
 |  | Revenue and Receipts |  | Unearned Revenue | 
 |  | For the Year Ended As of |  | As of | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018 | January 31, 2020 | February 1, 2019
Reseller revenue | $3,288 | $2,355 | $1,464 | $3,787 | $2,554
Internal-use revenue | 82 | 41 | 46 | 57 | 29
Collaborative technology project receipts | 10 | 4 | — | n/a | n/a


Question: What was the change in Collaborative technology project receipts revenue between 2019 and 2020?
Answer: 6
Calculation: 10-4
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31 , 2008 , 2007 , and number of options weighted average exercise price .

Table:
 | number of options | weightedaverageexercise price
options outstanding december 31 2005 | 12643761 | $ 36.53
granted | 1505215 | $ 56.29
exercised | -1982560 ( 1982560 ) | $ 33.69
forfeited | -413895 ( 413895 ) | $ 39.71
options outstanding december 31 2006 | 11752521 | $ 39.43
granted | 1549091 | $ 56.17
exercised | -1830004 ( 1830004 ) | $ 35.73
forfeited | -200793 ( 200793 ) | $ 51.66
options outstanding december 31 2007 | 11270815 | $ 42.12
granted | 1612507 | $ 60.17
exercised | -2650733 ( 2650733 ) | $ 36.25
forfeited | -309026 ( 309026 ) | $ 54.31
options outstanding december 31 2008 | 9923563 | $ 46.24
the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31 , 2008 .
the total intrinsic value was approximately $ 66 million for stock options out- standing and $ 81 million for stock options exercisable at december 31 , 2008 .
the weighted-average fair value for the stock options granted for the year ended december 31 , 2008 was $ 17.60 .
the total intrinsic value for stock options exercised dur- ing the years ended december 31 , 2008 , 2007 , and 2006 , was approximately $ 54 million , $ 44 million , and $ 43 million , respectively .
the amount of cash received during the year ended december 31 , 2008 , from the exercise of stock options was $ 97 million .
restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock .
the company generally grants restricted stock with a 4-year vesting period , based on a graded vesting schedule .
the restricted stock is granted at market close price on the date of grant .
included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. .

Question: what is the growth rate of the weighted average exercise price of options from december 31 , 2005 to december 31 , 2008?
Answer: 26.6%
Calculation: subtract(46.24, 36.53), divide(#0, 36.53)
NOTE 14-INFORMATION CONCERNING PRODUCT LINES, GEOGRAPHIC INFORMATION, ACCOUNTS RECEIVABLE AND REVENUE CONCENTRATION
The Company identifies its business segments based on business activities, management responsibility and geographic location. For all periods presented, the Company operated in a single reportable business segment.
The following is a breakdown of revenue by product family (in thousands):
(1) New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, QuickAI and SensiML AI software as a service (SaaS) revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometer.
Table:
 |  | Fiscal Years | 
 | 2019 | 2018 | 2017
Revenue by product line (1) : |  |  | 
New products | $3,123 | $5,735 | $5,853
Mature products | 7,187 | 6,894 | 6,296
Total revenue | $10,310 | $12,629 | $12,149


Question: What is the average revenue from mature products in 2018 and 2019?
Answer: 7040.5
Calculation:  (6,894 + 7,187)/2
19. Cash and cash equivalents
Cash at bank and in hand is denominated in the following currencies:
Cash balances with an original maturity of less than three months were held in current accounts during the year and attracted interest at a weighted average rate of 0.3% (2018: 0.3%).
Table:
 | 2019 | 2018
 | £m | £m
Sterling | 5.8 | 4.1
Euro | 0.1 | 0.2
Cash at bank and in hand | 5.9 | 4.3


Question: What was the percentage change in Cash at bank and in hand in 2019 from 2018?
Answer: 37.21
Calculation: (5.9-4.3)/4.3
The Company is holding the following currency derivatives designated as hedging instruments:
Hedge ratio is 1:1 and changes in forward rate have been designated as the hedged risk. The change in the fair value of the hedging instrument is compared with the change in fair value of the hedged item, and the lower amount
is taken to OCI. If the change in fair value of the hedging instrument is higher, then the excess change in fair value is considered ineffective hedging and recorded in net foreign exchange gains and losses. Upon recognition of the
hedged net sales, the cumulative amount in hedging reserve is released in the OCI as a reclassification adjustment and recognized in net sales.
See note E1, “Equity” for movement in the cash flow hedge reserve. No hedged net sales were recognized in 2019, hence no amount was released from hedging reserve in the OCI. No hedge ineffectiveness was recognized in
the income statement in 2019.
Table:
Foreign exchange forward contracts |  |  | 
2019 | < 1 year | 1–3 years | Total
Notional Amount (USD millions) | 517 | 176 | 693
Average forward rate (SEK/USD) | 9.13 | 8.92 | –


Question: What is the difference in notional amount between those less than 1 year and 1-3 years?
Answer: 341
Calculation: 517-176
Fair Value Disclosures
Under the fair value standards fair value is based on the exit price and defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement should reflect all the assumptions that market participants would use in pricing an asset or liability. A fair value hierarchy is established in the authoritative guidance outlined in three levels ranking from Level 1 to level 3 with Level 1 being the highest priority.
Level 1: observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets
Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly
Level 3: unobservable inputs (e.g., a reporting entity’s or other entity’s own data)
The Company had no assets or liabilities measured at fair value on a recurring (except our pension plan assets, see Note 15) or
non-recurring basis as of September 30, 2019 or September 30, 2018.
To estimate fair value of the financial instruments below quoted market prices are used when available and classified within Level 1. If this data is not available, we use observable market based inputs to estimate fair value, which are classified within Level 2. If the preceding information is unavailable, we use internally generated data to estimate fair value which is classified within Level 3.
Cash and cash equivalents
Carrying amount approximated fair value
Accounts and long term receivable with original maturity over one year
Fair value was estimated by discounting future cash flows based on the current rate with similar terms.
Note payable
Fair value was estimated based on quoted market prices.
Fair value of accounts receivable with an original maturity of one year or less and accounts payable was not materially different from their carrying values at September 30, 2019, and 2018.
Table:
 | As of September 30, 2019 |  | As of September 30, 2018 |  |  | 
 | Carrying amount | Fair value | Carrying amount | Fair value | Fair Value Level | References
 |  | (Amounts in thousands) |  |  |  | 
Assets: |  |  |  |  |  | 
Cash and cash equivalents | $18,099 | $18,099 | $25,107 | $25,107 | 1 | Consolidated Balance SSheets
Accounts & long term receivable* | 7,087 | 7,087 | - | - | 3 | Note 3
Liabilities: |  |  |  |  |  | 
Note payable | 1,001 | 1,001 | - | - | 2 | Note 11
*Original maturity over one year |  |  |  |  |  | 


Question: What is the percentage change in the fair value of cash and cash equivalents between 2018 and 2019?
Answer: -27.91
Calculation: (18,099 - 25,107)/25,107
A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows:
Included in the total unrecognized tax benefits at December 31, 2019, 2018 and 2017 is $2.4 billion, $2.3 billion and $1.9 billion, respectively, that if recognized, would favorably affect the effective income tax rate.
Table:
 |  |  | (dollars in millions)
 | 2019 | 2018 | 2017
Balance at January 1, | $ 2,871 | $2,355 | $ 1,902
Additions based on tax positions related to the current year | 149 | 160 | 219
Additions for tax positions of prior years | 297 | 699 | 756
Reductions for tax positions of prior years | (300) | (248) | (419)
Settlements | (58) | (40) | (42)
Lapses of statutes of limitations | (89) | (55) | (61)
Balance at December 31, | $ 2,870 | $ 2,871 | $ 2,355


Question: What was the change in the Additions based on tax positions related to the current year from 2018 to 2019?
Answer: -11
Calculation: 149 - 160
Depreciation and Amortization
Depreciation and amortization includes the following (in millions):
Computer software amortization for the year ended December 31, 2018 includes accelerated amortization of $1.7 million related to certain internally developed software. Deferred contract costs amortization for the years ended December 31, 2019, 2018 and 2017 includes accelerated amortization of $6.2 million, $3.4 million and $3.3 million, respectively.
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Computer software | $97.3 | $94.5 | $84.0
Other intangible assets | 59.3 | 57.2 | 67.8
Deferred contract costs | 42.9 | 32.9 | 25.7
Property and equipment | 36.7 | 32.4 | 29.0
Total | $236.2 | $217.0 | $206.5


Question: What was the depreciation and amortization of deferred contract costs in 2019?
Answer: 42.9
Deferred Revenue The following table presents the breakdown of deferred revenue (in millions):
Deferred revenue decreased primarily due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019. Of the total deferred revenue decrease related to the adoption of ASC 606 of $2.8 billion, $2.6 billion relates to deferred product revenue and $0.2 billion relates to deferred service revenue. Of the adjustment to deferred product revenue, $1.3 billion related to our recurring software and subscription offers, $0.6 billion related to two-tier distribution, and the remainder related to nonrecurring software and other adjustments. The decrease related to the adoption of ASC 606 was partially offset by an increase in product deferred revenue during the fiscal year. The increase in deferred service revenue was driven by the impact of contract renewals, partially offset by amortization of deferred service revenue.
Table:
 | July 27, 2019 | July 28, 2018 | Increase (Decrease)
Service | $11,709 | $11,431 | $ 278
Product | 6,758 | 8,254 | (1,496)
Total | $18,467 | $19,685 | $(1,218)
Reported as: |  |  | 
Current | $10,668 | $11,490 | $(822)
Noncurrent | 7,799 | 8,195 | (396)
Total | $18,467 | $19,685 | $(1,218)


Question: What was the main reason for the decrease in revenue?
Answer: due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019.
4. Income Taxes
Provision for Income Taxes
Income tax expense (benefit) is summarized below (in thousands):
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Current: |  |  | 
Domestic–federal | $(23,675) | $69,080 | $2,436
Domestic–state | 1,383 | 134 | 12
Foreign | 175,993 | 178,790 | 188,872
Total current | 153,701 | 248,004 | 191,320
Deferred: |  |  | 
Domestic–federal | (8,000) | (24,342) | 253
Domestic–state | (2,202) | 93 | 30
Foreign | 17,731 | 62,105 | (62,537)
Total deferred | 7,529 | 37,856 | (62,254)
Total income tax expense | $161,230 | $285,860 | $129,066


Question: What was the current domestic-federal income tax expense (benefit) in 2017?
Answer: $2,436
DEVELOPMENT OF GROSS DOMESTIC PRODUCT IN IMPORTANT WORLD REGIONS AND GERMANY
Year-on-year change in %
Real GDP growth corrected for purchasing power. Source: Oxford Economics
1 The previous year’s figures may slightly deviate from the Annual Report 2017/18, since retrospective corrections are being made by the data provider.
2 Outlook.
Table:
 | 20181 | 20192
World | 3.6 | 2.9
Germany | 1.5 | 0.6
Western Europe (excl.Germany) | 1.9 | 1.3
Russia | 2.3 | 1.1
Eastern Europe (excl.Russia) | 4.1 | 3.6
Asia | 5.6 | 4.9


Question: What was the change in the year-on-year percentage change in GDP for Russia from 2018 to 2019?
Answer: -1.2
Calculation: 1.1-2.3