hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
part ii price range our common stock commenced trading on the nasdaq national market under the symbol 201cmktx 201d on november 5 , 2004 . prior to that date , there was no public market for our common stock . the high and low bid information for our common stock , as reported by nasdaq , was as follows : on march 8 , 2006 , the last reported closing price of our common stock on the nasdaq national market was $ 12.59 . holders there were approximately 114 holders of record of our common stock as of march 8 , 2006 . dividend policy we have not declared or paid any cash dividends on our capital stock since our inception . we intend to retain future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future . in the event we decide to declare dividends on our common stock in the future , such declaration will be subject to the discretion of our board of directors . our board may take into account such matters as general business conditions , our financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends by us to our stockholders or by our subsidiaries to us and any such other factors as our board may deem relevant . use of proceeds on november 4 , 2004 , the registration statement relating to our initial public offering ( no . 333-112718 ) was declared effective . we received net proceeds from the sale of the shares of our common stock in the offering of $ 53.9 million , at an initial public offering price of $ 11.00 per share , after deducting underwriting discounts and commissions and estimated offering expenses . except for salaries , and reimbursements for travel expenses and other out-of -pocket costs incurred in the ordinary course of business , none of the proceeds from the offering have been paid by us , directly or indirectly , to any of our directors or officers or any of their associates , or to any persons owning ten percent or more of our outstanding stock or to any of our affiliates . we have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .

Table:
 | high | low
november 5 2004 to december 31 2004 | $ 24.41 | $ 12.75
january 1 2005 to march 31 2005 | $ 15.95 | $ 9.64
april 1 2005 to june 30 2005 | $ 13.87 | $ 9.83
july 1 2005 to september 30 2005 | $ 14.09 | $ 9.99
october 1 2005 to december 31 2005 | $ 13.14 | $ 10.64
.

Question: for the period july 1 2005 to september 30 2005 , what was the lowest share price>
Answer: 9.99
Calculation: table_min(july 1 2005 to september 30 2005, none)
General and Administrative Expenses: General and administrative expenses primarily consist of personnel related expenditures for IT, finance, legal and human resources support functions; and professional services fees.
(1) Excluding stock-based compensation
Excluding the effects of currency rate fluctuations, total general and administrative expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to increased professional services fees
Table:
Year Ended May 31, |  |  |  | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
General and administrative (1) | $1,093 | -1% | 2% | $1,102
Stock-based compensation | 172 | -5% | -5% | 180
Total expenses | $1,265 | -1% | 1% | $1,282
% of Total Revenues | 3% |  |  | 3%


Question: By how much less did the company spend for stock-based compensation in 2019 compared to 2018?
Answer: 8
Calculation: 180 -172
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the nyse for the years 2015 and 2014. .

Table:
2015 | high | low
quarter ended march 31 | $ 101.88 | $ 93.21
quarter ended june 30 | 98.64 | 91.99
quarter ended september 30 | 101.54 | 86.83
quarter ended december 31 | 104.12 | 87.23
2014 | high | low
quarter ended march 31 | $ 84.90 | $ 78.38
quarter ended june 30 | 90.73 | 80.10
quarter ended september 30 | 99.90 | 89.05
quarter ended december 31 | 106.31 | 90.20
on february 19 , 2016 , the closing price of our common stock was $ 87.32 per share as reported on the nyse .
as of february 19 , 2016 , we had 423897556 outstanding shares of common stock and 159 registered holders .
dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) .
generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) .
we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , issued in may 2014 ( the 201cseries a preferred stock 201d ) , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) .
dividends are payable quarterly in arrears , subject to declaration by our board of directors .
the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will be dependent upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant .
we have distributed an aggregate of approximately $ 2.3 billion to our common stockholders , including the dividend paid in january 2016 , primarily subject to taxation as ordinary income .
during the year ended december 31 , 2015 , we declared the following cash distributions: .

Question: for the= quarter ended march 31 what was the percent of the change in the stock price from the highest to the lowest
Answer: 9.3%
Calculation: subtract(101.88, 93.21), divide(#0, 93.21)
Defined Benefit Pension Plans
The Company maintains defined benefit pension plans for employees of certain of its foreign subsidiaries. Such plans conform to local practice in terms of providing minimum benefits mandated by law, collective agreements or customary practice. The Company recognizes the aggregate amount of all overfunded plans as assets and the aggregate amount of all underfunded plans as liabilities in its financial statements.
The Company's expected long-term rate of return on plan assets is updated at least annually, taking into consideration its asset allocation, historical returns on similar types of assets and the current economic environment. For estimation purposes, the Company assumes its long-term asset mix will generally be consistent with the current mix. The Company determines its discount rates using highly rated corporate bond yields and government bond yields.
Benefits under all of the Company's plans are valued utilizing the projected unit credit cost method. The Company's policy is to fund its defined benefit plans in accordance with local requirements and regulations. The funding is primarily driven by the Company's current assessment of the economic environment and projected benefit payments of its foreign subsidiaries. The Company's measurement date for determining its defined benefit obligations for all plans is December 31 of each year.
The Company recognizes actuarial gains and losses in the period the Company's annual pension plan actuarial valuations are prepared, which generally occurs during the fourth quarter of each year, or during any interim period where a revaluation is deemed necessary.
The following is a summary of the status of the Company's foreign defined benefit pension plans and the net periodic pension cost (dollars in millions):
The long term rate of return on plan assets was determined using the weighted-average method, which incorporates factors that include the historical inflation rates, interest rate yield curve and current market conditions.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Service cost | $9.4 | $9.6 | $10.0
Interest cost | 5.0 | 4.7 | 4.3
Expected return on plan assets | (6.0) | (6.1) | (5.5)
Curtailment gain | — | (0.3) | —
Actuarial and other loss | 15.6 | 6.1 | 1.9
Total net periodic pension cost | $24.0 | $14.0 | $10.7
Weighted average assumptions |  |  | 
Discount rate used for net periodic pension costs | 1.74 % | 1.66 % | 1.60 %
Discount rate used for pension benefit obligations | 1.43 % | 1.74 % | 1.66 %
Expected return on plan assets | 3.23 % | 3.18 % | 3.22 %
Rate of compensation increase | 3.07 % | 3.22 % | 3.22 %


Question: What is the average Service cost for December 31, 2018 and 2019?
Answer: 9.5
Calculation: (9.4+9.6) / 2
The following table illustrates the classification of pre-payroll tax and social contribution stock-based compensation expense included in the consolidated statements of income for the years ended December 31, 2019, December 31, 2018 and December 31, 2017:
The fair value of the shares vested in 2019 was $114 million compared to $68 million for 2018 and $38 million for 2017.
Compensation cost, excluding payroll tax and social contribution, capitalized as part of inventory was $6 million as of December 31, 2019, compared to $6 million as of December 31, 2018 and $3 million as of December 31, 2017. As of December 31, 2019, there was $138 million of total unrecognized compensation cost related to the grant of unvested shares, which is expected to be recognized over a weighted average period of approximately 9 months.
The total deferred income tax benefit recognized in the consolidated statements of income related to unvested share-based compensation expense amounted to $9 million, $7 million and $3 million for the years ended December 31, 2019, 2018 and 2017, respectively.
Table:
 | December 31, 2019 | December 31, 2018 | December 31, 2017
Cost of sales | 22 | 23 | 12
Selling, general and administrative | 46 | 67 | 31
Research and development | 77 | 35 | 18
Total pre-payroll tax and social contribution compensation | 145 | 125 | 61


Question: What was the fair value of the shares vested in 2019?
Answer: $114 million
Restricted Share Awards
Restricted share awards, which are generally in the form of restricted share units, are granted subject to certain restrictions. Conditions of vesting are determined at the time of grant. All restrictions on an award will lapse upon death or disability of the employee. If the employee satisfies retirement requirements, a portion of the award may vest, depending on the terms and conditions of the particular grant. Recipients of restricted share units have no voting rights, but do receive dividend equivalents. For grants that vest through passage of time, the fair value of the award at the time of the grant is amortized to expense over the period of vesting. The fair value of restricted share awards is determined based on the closing value of our shares on the grant date. Restricted share awards generally vest in increments over a period of four years as determined by the management development and compensation committee.
Restricted share award activity was as follows:
The weighted-average grant-date fair value of restricted share awards granted during fiscal 2019, 2018, and 2017 was $77.77, $93.45, and $67.72, respectively.
The total fair value of restricted share awards that vested during fiscal 2019, 2018, and 2017 was $48 million, $50 million, and $50 million, respectively.
As of fiscal year end 2019, there was $64 million of unrecognized compensation expense related to nonvested restricted share awards, which is expected to be recognized over a weighted-average period of 1.7 years.
Table:
 | Shares | Weighted-Average Grant-Date Fair Value
Nonvested at fiscal year end 2018 | 1,631,470 | $  75.39
Granted | 692,899 | 77.77
Vested | (689,040) | 70.31
Forfeited | (232,910) | 78.80
Nonvested at fiscal year end 2019 | 1,402,419 | $  78.36


Question: In which year was the weighted-average grant-date fair value of restricted share awards granted the largest?
Answer: 2018
Calculation: $93.45>$77.77>$67.72
The Group’s measure of segment profit, adjusted EBITDA, excludes depreciation, amortisation, impairment loss, restructuring costs, loss on disposal of fixed assets, the Group’s share of results in associates and joint ventures and other income and expense. A reconciliation of adjusted EBITDA to operating profit is shown below. For a reconciliation of operating profit to profit for the financial year, see the Consolidated income statement on page 111.
Note: 1 Share of adjusted results in equity accounted associates and joint ventures excludes amortisation of acquired customer bases and brand intangible assets, restructuring costs and other costs of €0.6 billion (2018: €0.4 billion, 2017: €0.1 billion) which are included in amortisation of acquired customer base and brand intangible assets, restructuring costs and other income and expense respectively
2 See note 31 “IAS 18 basis primary statements” for further details.
Table:
 | 2019 €m | 2018 €m | 2017 €m
Adjusted EBITDA | 14,139 | 14,737 | 14,149
Depreciation, amortisation and loss on disposal of fixed assets | (9,665) | (9,910) | (10,179)
Share of adjusted results in equity accounted associates and joint ventures1 | (291) | 389 | 164
Adjusted operating profit | 4,183 | 5,216 | 4,134
Impairment losses | (3,119) | – | –
Restructuring costs | (486) | (156) | (415)
Amortisation of acquired customer based and brand intangible assets | (583) | (974) | (1,046)
Other (expense)/income | (262) | 213 | 1,052
Operating (loss)/profit (IAS 18 basis) | (267) | 4,299 | 3,725
Impact of adoption of IFRS 152 | (684) |  | 
Operating loss (IFRS 15 basis) | (951) |  | 


Question: How much is the average adjusted EBITDA between 2018 and 2017?
Answer: 14443
Calculation: (14,737+14,149)/2
INTEREST EXPENSE
The components of interest expense are as follows:
Interest expense, including administrative and other fees, was $25,633 for 2019 compared with $30,890 in 2018. The decrease in interest expense was primarily associated with the impact of the refinancing of our term loan at the end of 2018 and interest capitalized during 2019 due to vessels under construction.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Interest before impact of interest rate caps | $25,633 | $30,709
Impact of interest rate caps | — | 181
Interest expense | $25,633 | $30,890


Question: How much was Interest expense, including administrative and other fees for 2019?
Answer: $25,633
Note 18 Other non-current assets
(1) These amounts have been pledged as security related to obligations for certain employee benefits and are not available for general use.
Table:
FOR THE YEAR ENDED DECEMBER 31 | NOTE | 2019 | 2018
Net assets of post-employment benefit plans | 24 | 558 | 331
Long-term notes and other receivables |  | 142 | 89
Derivative assets | 26 | 200 | 68
Publicly-traded and privately-held investments | 26 | 129 | 110
Investments (1) |  | 128 | 114
Other |  | 117 | 135
Total other non-current assets |  | 1,274 | 847


Question: What is the percentage change in net assets of post-employment benefit plans in 2019?
Answer: 68.58
Calculation: (558-331)/331
Cost of revenues. Cost of revenues increased by 23% year-on-year to RMB209.8 billion. The increase primarily reflected greater content costs, costs of FinTech services and channel costs. As a percentage of revenues, cost of revenues increased to 56% for the year ended 31 December 2019 from 55% for the year ended 31 December 2018. The following table sets forth our cost of revenues by line of business for the years ended 31 December 2019 and 2018:
Cost of revenues for VAS increased by 27% year-on-year to RMB94,086 million. The increase was mainly due to greater content costs for services and products such as live broadcast services, online games and video streaming subscriptions, as well as channel costs for smart phone games.
Cost of revenues for FinTech and Business Services increased by 35% year-on-year to RMB73,831 million. The increase primarily reflected greater costs of payment-related and cloud services due to the enhanced scale of our payment and cloud activities.
Cost of revenues for Online Advertising decreased by 6% year-on-year to RMB34,860 million. The decrease was mainly driven by lower content costs for our advertising-funded long form video service resulting from fewer content releases and improved cost efficiency, partly offset by other cost items.
Table:
 | Year ended 31 December |  |  | 
 | 2019 |  | 2018 | 
 |  | % of |  | % of
 |  | segment |  | segment
 | Amount | revenues | Amount | revenues
 |  |  | (Restated) | (Restated)
 | (RMB in millions, unless specified) |  |  | 
VAS | 94,086 | 47% | 73,961 | 42%
FinTech and Business Services | 73,831 | 73% | 54,598 | 75%
Online Advertising | 34,860 | 51% | 37,273 | 64%
Others | 6,979 | 92% | 4,742 | 98%
Total cost of revenues | 209,756 |  | 170,574 | 


Question: How much did the total cost of revenues increase by from 2018 to 2019?
Answer: 39182
Calculation: 209,756-170,574
Item 16C. Principal Accountant Fees and Services
Our principal accountant for 2019 and 2018 was KPMG LLP, Chartered Professional Accountants. The following table shows the fees Teekay and our subsidiaries paid or accrued for audit and other services provided by KPMG LLP for 2019 and 2018.
(1) Audit fees represent fees for professional services provided in connection with the audits of our consolidated financial statements and effectiveness of internal control over financial reporting, reviews of our quarterly consolidated financial statements and audit services provided in connection with other statutory or regulatory filings for Teekay or our subsidiaries including professional services in connection with the review of our regulatory filings for public offerings of our subsidiaries.
Audit fees for 2019 and 2018 include approximately $928,300 and $859,000, respectively, of fees paid to KPMG LLP by Teekay LNG that were approved by the Audit Committee of the Board of Directors of the general partner of Teekay LNG. Audit fees for 2019 and 2018 include approximately $588,200 and $517,000, respectively, of fees paid to KPMG LLP by our subsidiary Teekay Tankers that were approved by the Audit Committee of the Board of Directors of Teekay Tankers.
(2) Audit-related fees consisted primarily of accounting consultations, employee benefit plan audits, services related to business acquisitions, divestitures and other attestation services. (3) For 2019 and 2018, tax fees principally included corporate tax compliance fees.
The Audit Committee has the authority to pre-approve audit-related and non-audit services not prohibited by law to be performed by our independent auditors and associated fees. Engagements for proposed services either may be separately pre-approved by the Audit Committee or entered into pursuant to detailed pre-approval policies and procedures established by the Audit Committee, as long as the Audit Committee is informed on a timely basis of any engagement entered into on that basis.
The Audit Committee separately pre-approved all engagements and fees paid to our principal accountants in 2019 and 2018.
Table:
Fees (in thousands of U.S. dollars) | 2019 | 2018
Audit Fees (1) | 2,723 | 2,529
Audit-Related Fees (2) | 33 | 59
Tax Fees (3) | 23 | 32
Total | 2,779 | 2,620
 |  | 


Question: What fees was paid to KPMG LLP by Teekay LNG during 2019 and 2018?
Answer: Audit fees for 2019 and 2018 include approximately $928,300 and $859,000, respectively, of fees paid to KPMG LLP by Teekay LNG that were approved by the Audit Committee of the Board of Directors of the general partner of Teekay LNG.
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 are the respective percentage of the plan assets fair value allocated to Canada equity securities in 2018 and 2019 respectively?
Answer: 20.8%, 22.3%
M. Property and Equipment, Net
Property and equipment, net, as of the periods presented consisted of the following (table in millions):
As of January 31, 2020, construction in progress primarily represented various buildings and site improvements that had not yet been placed into service.
Depreciation expense was $234 million, $211 million and $206 million during the years ended January 31, 2020, February 1, 2019 and February 2, 2018, respectively.
Table:
 | January 31, 2020 | February 1, 2019
Equipment and software | $1,404 | $1,448
Buildings and improvements | 1,088 | 991
Furniture and fixtures | 120 | 116
Construction in progress | 106 | 56
Total property and equipment | 2,718 | 2,611
Accumulated depreciation | (1,438) | (1,449)
Total property and equipment, net | $1,280 | $1,162


Question: What was the amount of construction in progress in 2020?
Answer: 106