hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
jpmorgan chase & co./2018 form 10-k 41 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2013 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2013 2014 2015 2016 2017 2018 .

Table:
december 31 ( in dollars ) | 2013 | 2014 | 2015 | 2016 | 2017 | 2018
jpmorgan chase | $ 100.00 | $ 109.88 | $ 119.07 | $ 160.23 | $ 203.07 | $ 189.57
kbw bank index | 100.00 | 109.36 | 109.90 | 141.23 | 167.49 | 137.82
s&p financial index | 100.00 | 115.18 | 113.38 | 139.17 | 169.98 | 147.82
s&p 500 index | 100.00 | 113.68 | 115.24 | 129.02 | 157.17 | 150.27
december 31 , ( in dollars ) .

Question: what is the estimated average return for the s&p financial index and the s&p 500 index in the firs year of the investment of $ 100?
Answer: 14.43%
Calculation: divide(115.18, 100), divide(113.68, 100), subtract(#0, const_1), subtract(#1, const_1), add(#2, #3), divide(#4, const_2)
(b) Purchase Commitments with Contract Manufacturers and Suppliers
We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or establish the parameters defining our requirements. A significant portion of our reported purchase commitments arising from these agreements consists of firm, noncancelable, and unconditional commitments. Certain of these purchase commitments with contract manufacturers and suppliers relate to arrangements to secure long-term pricing for certain product components for multi-year periods. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed.
The following table summarizes our purchase commitments with contract manufacturers and suppliers (in millions):
We record a liability for firm, noncancelable, and unconditional purchase commitments for quantities in excess of our future demand forecasts consistent with the valuation of our excess and obsolete inventory. As of July 27, 2019 and July 28, 2018, the liability for these purchase commitments was $129 million and $159 million, respectively, and was included in other current liabilities.
Table:
Commitments by Period | July 27, 2019 | July 28, 2018
Less than 1 year | $4,239 | $5,407
1 to 3 years | 728 | 710
3 to 5 years | — | 360
Total | $4,967 | $6,477


Question: What was the change in the amount of purchase commitments for commitments that were less than 1 year between 2018 and 2019?
Answer: -1168
Calculation: 4,239-5,407
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
Disaggregated Revenue
The following table presents revenues disaggregated by the major markets we serve:
Table:
 | Twelve Months Ended December 31, | 
 | 2019 | 2018
Transportation | $299,005 | $300,124
Industrial | 78,369 | 86,968
Medical | 41,901 | 40,663
Aerospace & Defense | 32,569 | 23,323
Telecom & IT | 17,155 | 19,405
Total | $468,999 | $470,483


Question: What was the change in the revenues from Aerospace & Defense between 2018 and 2019?
Answer: 9246
Calculation: 32,569-23,323
NOTE 6 – OTHER LIABILITIES
As described in Note 4, the Company and Finjan Blue entered into a Patent Assignment Agreement with IBM.The components of other liabilities are as presented below:
Table:
As of December 31, |  | 
 | 2019 | 2018
 | (In thousands) | 
Other liabilities, current | $2,000 | $1,500
Other liabilities, non-current | 1,799 | 3,463
 | $3,799 | $4,963


Question: What is the value of other current liabilities as a percentage of the total other liabilities in 2019?
Answer: 52.65
Calculation: 2,000/3,799
Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the difference between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
At December 31, 2019, the Company had net operating loss carry-forwards of approximately $21.6 million that may be offset against future taxable income indefinitely. No tax benefit has been reported in the 2019 financial statements, since the potential tax benefit is offset by a valuation allowance of the same amount.
Net deferred tax assets consist of the following components as of December 31, 2019 and 2018:
Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry-forwards for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry-forwards may be limited as to use in future years.
Table:
 | 2019 | 2018
Deferred tax assets (liabilities): |  | 
NOL carryover | $5,910 | $3,370
R&D carryover | 173 | 173
Other | 236 | 239
Depreciation | 42 | 61
 | 6,361 | 3,843
Less valuation allowance | (6,361) | (3,843)
Net deferred tax asset | $- | $-


Question: What is the percentage of R&D carryover in the total deferred tax assets in 2019?
Answer: 2.72
Calculation: 173/6,361
subject to fluctuation and , consequently , the amount realized in the subsequent sale of an investment may differ significantly from its current reported value . fluctuations in the market price of a security may result from perceived changes in the underlying economic characteristics of the issuer , the relative price of alternative investments and general market conditions . the table below summarizes equity investments that are subject to equity price fluctuations at december 31 , 2012 . equity investments are included in other assets in our consolidated balance sheets . ( in millions ) carrying unrealized net of tax .

Table:
( in millions ) | costbasis | fairvalue | carryingvalue | unrealizedgainnet of tax
bm&fbovespa s.a . | $ 262.9 | $ 690.6 | $ 690.6 | $ 271.4
bolsa mexicana de valores s.a.b . de c.v . | 17.3 | 29.3 | 29.3 | 7.6
imarex asa | 2014 | 1.8 | 1.8 | 1.1
we do not currently hedge against equity price risk .
equity investments are assessed for other-than- temporary impairment on a quarterly basis. .

Question: in 2012 what was the ratio of the bm&fbovespa s.a . fair value to the cost basis
Answer: 2.63
Calculation: add(690.6, 262.9)
ii) Amounts in the financial statements
The assets and liabilities on the balance sheet are as follows:
3. Pensions continued
Table:
 | 2019 | 2018
 | £ million | £ million
Schemes in net asset position |  | 
UK defined benefit pension plan – Staff Plan | 7.8 | 1.1
UK defined benefit pension plan – Cash Plan | 1.0 | 0.9
 | 8.8 | 2.0
Schemes in net liability position |  | 
UK unfunded plan | (0.5) | (0.5)
Net pension plan surplus on the balance sheet | 8.3 | 1.5


Question: In which year was the amount of UK defined benefit pension plan – Cash Plan larger?
Answer: 2019
Calculation: 1.0>0.9
ADJUSTED NET EARNINGS AND ADJUSTED EPS
The terms adjusted net earnings and adjusted EPS do not have any standardized meaning under IFRS. Therefore, they are unlikely to be comparable to similar measures presented by other issuers.
We define adjusted net earnings as net earnings attributable to common shareholders before severance, acquisition and other costs, net mark-to-market losses (gains) on derivatives used to economically hedge equity settled share-based compensation plans, net losses (gains) on investments, early debt redemption costs and impairment charges, net of tax and NCI. We define adjusted EPS as adjusted net earnings per BCE common share.
We use adjusted net earnings and adjusted EPS, and we believe that certain investors and analysts use these measures, among other ones, to assess the performance of our businesses without the effects of severance, acquisition and other costs, net mark-to-market losses (gains) on derivatives used to economically hedge equity settled share-based compensation plans, net losses (gains) on investments, early debt redemption costs and impairment charges, net of tax and NCI. We exclude these items because they affect the comparability of our financial results and could potentially distort the analysis of trends in business performance. Excluding these items does not imply they are non-recurring
The most comparable IFRS financial measures are net earnings attributable to common shareholders and EPS.
The following table is a reconciliation of net earnings attributable to common shareholders and EPS to adjusted net earnings on a consolidated basis and per BCE common share (adjusted EPS), respectively.
Table:
 | 2019 |  | 2018 | 
 | TOTAL | PER SHARE | TOTAL | PER SHARE
Net earnings attributable to common shareholders | 3,040 | 3.37 | 2,785 | 3.10
Severance, acquisition and other costs | 83 | 0.10 | 100 | 0.11
Net mark-to-market losses (gains) on derivatives used to economically hedge equity settled share-based compensation plans | (101) | (0.11) | 58 | 0.07
Net (gains) losses on investments | 44 | 0.05 | 47 | 0.05
Early debt redemption costs | 13 | 0.01 | 15 | 0.02
Impairment charges | 74 | 0.08 | 146 | 0.16
Adjusted net earnings | 3,153 | 3.50 | 3,151 | 3.51


Question: How is adjusted EPS defined?
Answer: adjusted net earnings per BCE common share
Product Revenue by Segment
The following table presents the breakdown of product revenue by segment (in millions, except percentages):
Amounts may not sum and percentages may not recalculate due to rounding.
Americas Product revenue in the Americas segment increased by 8%, driven by growth in the enterprise, public sector and commercial markets. These increases were partially offset by a product revenue decline in the service provider market. From a country perspective, product revenue increased by 9% in the United States, 26% in Mexico and 6% in Canada, partially offset by a product revenue decrease of 1% in Brazil.
EMEA The increase in product revenue in the EMEA segment of 6% was driven by growth in the public sector and enterprise markets, partially offset by a decline in the service provider market. Product revenue in the commercial market was flat. Product revenue from emerging countries within EMEA increased by 9%, and product revenue for the remainder of the EMEA segment increased by 5%.
APJC Product revenue in the APJC segment increased by 1%, driven by growth in the public sector and enterprise markets, partially offset by declines in the service provider and commercial markets. From a country perspective, product revenue increased by 9% in Japan and 5% in India, partially offset by a product revenue decrease of 16% in China.
Table:
 |  | Years Ended |  | 2019 vs. 2018 | 
 | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars | Variance in Percent
Product revenue: |  |  |  |  | 
Americas | $22,754 | $21,088 | $20,487 | $1,666 | 8%
Percentage of product revenue | 58.3% | 57.5% | 57.4% |  | 
EMEA | 10,246 | 9,671 | 9,369 | 575 | 6%
Percentage of product revenue | 26.3% | 26.3% | 26.2% |  | 
APJC | 6,005 | 5,950 | 5,849 | 55 | 1%
Percentage of product revenue | 15.4% | 16.2% | 16.4% |  | 
Total | $39,005 | $36,709 | $35,705 | $2,296 | 6%


Question: What was the percentage change in the total revenue from all segments between 2017 and 2018?
Answer: 2.81
Calculation: (36,709-35,705)/35,705
2020 Incentive Plan Enhancements.
For 2020, we have transitioned into the operation phase of our long-term strategy. As discussed further in this
CD&A, following an internal review process, extensive discussions with our shareholders and consultation with our executive compensation consultants, we revised the design for our 2020 incentive programs to support our strategic priorities as described below:
• added Revenue as metric to our STI plan to encourage and reward top-line performance • changed the metric and performance period for our LTI plan to three-year cumulative Adjusted EBITDA target • added three-year Relative TSR Modifier, as a positive or negative adjustment +/- 20%, for our LTI plan.
Table:
 | Short-Term Incentive Plan | 
Strategy | Integrate and Transform | Operate
Metrics | 2018 & 2019 Weighting | 2020 Weighting
Adjusted EBITDA | 65% | 50%
Free Cash Flow | 25% | 25%
Revenue | — | 15%
Customer Experience | 10% | 10%
 | Long-Term Incentive Plan | 
Strategy | Integrate and Transform | Operate
Metrics | 2018 & 2019 Weighting | 2020 Weighting
Adjusted EBITDA Run Rate (2 year) | 100% | —
Cumulative Adjusted EBITDA (3 year) | — | 100%
Relative TSR Modifier (3 year) | — | +/-20%


Question: Which metrics were added under the Long-Term Incentive Plan
Answer: Cumulative Adjusted EBITDA (3 year), Relative TSR Modifier (3 year)
NOTE 11 - STOCK CAPITAL (Cont.)
Shares and warrants issued to service providers:
On August 17, 2017 the Company issued to Anthony Fiorino, the former CEO of the Company, for consulting services rendered, a grant of 4,327 shares of restricted stock under the 2014 U.S. Plan, which vests in eight equal quarterly installments (starting November 17, 2017) until fully vested on the second anniversary of the date of grant.
Compensation expense recorded by the Company in respect of its stock-based service provider compensation awards for the year ended December 31, 2019 and 2018 amounted to $25 and $102, respectively.
On March 26, 2019, the Company issued to its legal advisor 5,908 shares of Common Stock under the 2014 U.S. Plan for certain 2018 legal services. The related compensation expense was recorded as general and administrative expense in 2018.
On May 23, 2019, the Company granted to a former director, in consideration for services rendered to the Company, an option under the 2014 Global Plan to purchase up to 4,167 shares of Common Stock with an exercise price per share of $0.75. The option was fully vested and exercisable as of the date of grant.
Total Stock-Based Compensation Expense:
The total stock-based compensation expense, related to shares, options and warrants granted to employees, directors and service providers was comprised, at each period, as follows:
Table:
 | December 31 | 
 | 2019 | 2 0 1 8
U.S. $ in thousands |  | 
Research and development | 123 | 175
General and administrative | 666 | 844
Total stock-based compensation expense | 789 | 1,019


Question: What is the change in the research and development stock-based compensation expense from 2018 to 2019?
Answer: -52
Calculation: 123-175
This section presents the Group’s contractual obligation to make a payment in the future in relation to purchases of property, plant and equipment, and lease commitments.
Capital expenditure and operating lease commitments of the Group at the reporting date are as follows:
The commitments set out above do not include contingent turnover rentals, which are charged on many retail premises leased by the Group. These rentals are calculated as a percentage of the turnover of the store occupying the premises, with the percentage and turnover threshold at which the additional rentals commence varying with each lease agreement.
The Group leases retail premises and warehousing facilities which are generally for periods up to 40 years. The operating lease commitments include leases for the Norwest office and distribution centres. Generally the lease agreements are for initial terms of between five and 25 years and most include multiple renewal options for additional five to 10-year terms. Under most leases, the Group is responsible for property taxes, insurance, maintenance, and expenses related to the leased properties. However, many of the more recent lease agreements have been negotiated on a gross or semi-gross basis, which eliminates or significantly reduces the Group’s exposure to operational charges associated with the properties.
From 1 July 2019, the Group adopted AASB 16 Leases and as a result the operating lease commitments set out above have been recognised in the Consolidated Statement of Financial Position, with the exception of the service component of lease payments. Refer to Note 1.2.6 for a reconciliation between the operating lease commitments at 30 June 2019 and the lease liabilities recognised at 1 July 2019.
Table:
 | 2019 | 2018
 | $M | $M
Capital expenditure commitments |  | 
Estimated capital expenditure under firm contracts, payable: |  | 
Not later than one year | 398 | 416
Later than one year, not later than two years | – | –
Later than two years, not later than five years | – | –
Total capital expenditure commitments | 398 | 416
Operating lease commitments |  | 
Future minimum rentals under non-cancellable operating leases, payable: |  | 
Not later than one year | 1,998 | 2,089
Later than one year, not later than five years | 7,415 | 7,484
Later than five years | 12,378 | 13,331
Total operating lease commitments | 21,791 | 22,904
Total commitments for expenditure | 22,189 | 23,320


Question: What is the unit used in the table?
Answer: $M
Adoption of ASC 606
On January 1, 2018, the Company adopted ASC 606, Revenue from Contracts with Customers, applying the modified retrospective method to all contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period.
The impact of adopting the standard primarily related to a change in the timing of revenue recognition for voyage charter contracts. In the past, the Company recognized revenue from voyage charters ratably over the estimated length of each voyage, calculated on a discharge-to-discharge basis.
Under the new standard, the Company recognizes revenue from voyage charters ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. In addition, the adoption of ASC 606 resulted in a corresponding change in the timing of recognition of voyage expenses for voyage charter contracts.
The cumulative effect of the changes made to the Company's consolidated January 1, 2018 balance sheet for the adoption of ASC 606 was as follows:
For the year ended December 31, 2018, revenues increased by $1,418, net income increased by $1,101 and basic and diluted net income per share increased by $0.01 as a result of applying ASC 606.
Table:
 | Balance at December 31, 2017 | Adjustments Due to ASC 606 | Balance at January 1, 2018
Assets |  |  | 
Voyage receivables | $24,209 | $1,336 | $25,545
Liabilities |  |  | 
Deferred income taxes | 83,671 | (108) | 83,563
Equity |  |  | 
Accumulated deficit | (265,758) | (1,228) | (266,986)


Question: How much did basic and diluted income increased for the year ended December 31, 2018 as a result of applying ASC 606?
Answer: $0.01
Provision for income taxes
We are a U.S.-based multinational company subject to tax in multiple U.S. and international tax jurisdictions. A substantial portion of our international earnings were generated from subsidiaries organized in Ireland and Singapore. Our results of operations would be adversely affected to the extent that our geographical mix of income becomes more weighted toward jurisdictions with higher tax rates and would be favorably affected to the extent the relative geographic mix shifts to lower tax jurisdictions. Any change in our mix of earnings is dependent upon many factors and is therefore difficult to predict.
The increase in our effective tax rate in fiscal 2019 compared to fiscal 2018 was primarily due to one-time benefits from the 2017 Tax Act in fiscal 2018. In addition, increases in tax expense in fiscal 2019 are attributable to the valuation allowance on capital losses for which we cannot yet recognize a tax benefit.
Table:
 | Fiscal Year | 
(In millions, except for percentages) | 2019 | 2018
Income from continuing operations before income taxes | $108 | $437
Provision for (benefit from) income taxes | $92 | $(690)
Effective tax rate on income from continuing operations | 85% | (158)%


Question: What is the change in Income from continuing operations before income taxes from fiscal 2018 to fiscal 2019?
Answer: 329
Calculation: 437-108
Total CO2 emissions FY19
1 Tonnes of carbon dioxide equivalent.
2 Absolute carbon emissions divided by revenue in millions.
Auto Trader is required to measure and
report its direct and indirect greenhouse
gas (‘GHG’) emissions by the Companies Act
2006 (Strategic Report and Directors’ Report)
Regulations 2013. The greenhouse gas
reporting period is aligned to the financial
reporting year. The methodology used to
calculate our emissions is based on the
financial consolidation approach, as
defined in the Greenhouse Gas Protocol,
A Corporate Accounting and Reporting
Standard (Revised Edition). Emission
factors used are from UK government
(‘BEIS’) conversion factor guidance for
the year reported.
Auto Trader is required to measure and report its direct and indirect greenhouse gas (‘GHG’) emissions by the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013. The greenhouse gas reporting period is aligned to the financial reporting year. The methodology used to calculate our emissions is based on the financial consolidation approach, as defined in the Greenhouse Gas Protocol, A Corporate Accounting and Reporting Standard (Revised Edition). Emission factors used are from UK government (‘BEIS’) conversion factor guidance for the year reported.
The report includes the ‘Scope 1’ (combustion of fuel) in relation to company cars and ‘Scope 2’ (purchased electricity and gas) emissions associated with our offices. We have chosen to include the emissions associated with leased company cars in Scope 1, as we are responsible for these emissions.
We have chosen to present a revenue intensity ratio as this is a relevant indicator of our growth and is aligned with our business strategy. The reduction in our GHG emissions is due to a reduction in the fuel emissions from our company car fleet, as the fleet has reduced. We have also reduced the amount of electricity we use, and this coupled with a decrease in BEIS conversion factors has also contributed to our Scope 2 reduction.
Table:
 | FY19 | FY18 | FY17 | FY16
Scope 1 | 263 | 390 | 491 | 565
Manchester | 213 | 281 | 361 | 357
London | 44 | 60 | 76 | 88
Scope 2 | 258 | 340 | 437 | 445
Total | 521 | 731 | 928 | 1,010
Revenue | 355.1 | 330.1 | 311.5 | 281.6
Carbon intensity | 1.47 | 2.21 | 2.98 | 3.59
Year-on-year change | -34% | -26% | -17% | 


Question: How is carbon intensity calculated?
Answer: Absolute carbon emissions divided by revenue in millions.