hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Financing receivables primarily consist of client loan and installment payment receivables (loans), investment in sales-type and direct financing leases, and commercial financing receivables. Client loan and installment payment receivables (loans) are provided primarily to clients to finance the purchase of hardware, software and services.
Payment terms on these financing arrangements are generally for terms up to seven years. Client loans and installment payment financing contracts are priced independently at competitive market rates. Investment in sales-type and direct financing leases relates principally to the company’s Systems products and are for terms ranging generally from two to six years.
Commercial financing receivables relate primarily to inventory and accounts receivable financing for dealers and remarketers of IBM and OEM products. Payment terms for inventory and accounts receivable financing generally range from 30 to 90 days.
Table:
($ in millions) |  |  |  | 
At December 31, 2019: | Investment in Sales-Type and Direct Financing Leases | Commercial Financing Receivables | Client Loan and Installment Payment Receivables/ (Loans) | Total
Financing receivables, gross | $6,077 | $3,836 | $13,592 | $23,504
Unearned income | (509) | (4) | (570) | (1,083)
Recorded investment | $5,567 | $3,831 | $13,022 | $22,421
Allowance for credit losses | (72) | (11) | (138) | (221)
Unguaranteed residual value | 652 | — | — | 652
Guaranteed residual value | 53 | — | — | 53
Total financing receivables, net | $6,199 | $3,820 | $12,884 | $22,904
Current portion | $2,334 | $3,820 | $ 8,037 | $14,192
Noncurrent portion | $3,865 | $      — | $ 4,847 | $ 8,712


Question: What is the average of Total financing receivables, net?
Answer: 7634.33
Calculation: (6,199+3,820+12,884) / 3
NOTE 5—PROPERTY AND EQUIPMENT, NET
Property and equipment, net, consists of the following as of December 31, 2019 and 2018:
Depreciation for the years ended December 31, 2019 and December 31, 2018 was $870,000 and $704,000, respectively. Cost basis of assets disposed for the years ended December 31, 2019 and December 31, 2018 was $31,000 and $773,000, respectively. The disposals in 2018 were primarily a result of relocating our corporate offices and writing off the fully amortized leasehold improvements related to our former office.
Table:
 | 2019 | 2018
Cost: |  | 
Computers, peripheral and scientific equipment | $1,654,000 | $1,350,000
Software | 2,131,000 | 1,749,000
Leasehold improvements | 310,000 | 294,000
Office furniture and equipment | 424,000 | 391,000
 | 4,519,000 | 3,784,000
Less: Accumulated depreciation and amortization | (2,634,000 ) | (1,797,000 )
Property and equipment, net | $ 1,885,000 | $1,987,000


Question: What was the reason for the disposals in 2018?
Answer: Relocating our corporate offices and writing off the fully amortized leasehold improvements related to our former office.
Other Income (Expense), Net
Other income (expense), net relates to certain non-operational charges primarily consisting of income or losses in our share of marketable equity securities accounted for under the equity method and of transactional foreign exchange gains (losses). The income (expense) from foreign exchange is dependent upon the change in foreign currency exchange rates vis-àvis the functional currency of the legal entity.
(1) Represents the release to income from other comprehensive income relating to the mark to market on shares we held in Guidance prior to our acquisition in the first quarter of Fiscal 2018.
(2) Represents a gain recognized in connection with the settlement of a certain breach of contractual arrangement in the second quarter of Fiscal 2018.
Table:
 |  |  | Year Ended June 30, |  | 
(In thousands) | 2019 | Change increase (decrease)) | 2018 | Change increase (decrease)) | 2017
Foreign exchange gains (losses) | $(4,330) | $(9,175) | $4,845 | $1,776 | $3,069
OpenText share in net income (loss) of equity investees (note 8) | 13,668 | 7,703 | 5,965 | 13 | 5,952
Income from long-term other receivable | — | (1,327) | 1,327 | (5,099) | 6,426
Gain on shares held in Guidance (1) | — | (841) | 841 | 841 | —
Gain from contractual settlement (2) | — | (5,000) | 5,000 | 5,000 | —
Other miscellaneous income (expense) | 818 | 823 | (5) | (301) | 296
Total other income (expense), net | $10,156 | $(7,817) | $17,973 | $2,230 | $15,743


Question: What is the average annual Total other income (expense), net?
Answer: 14624
Calculation: (10,156+17,973+15,743)/3
Additional sources of cash available to us were international currency lines of credit and bank credit facilities totaling $26.0 million as of September 28, 2019, of which $20.8 million was unused and available. These unsecured international credit facilities were used in Europe and Japan during fiscal 2018. As of September 28, 2019, we had utilized $5.2 million of the international credit facilities as guarantees in Europe.
Our ratio of current assets to current liabilities increased to 4.6:1 at September 28, 2019 compared to 3.3:1 at September 29, 2018. The increase in our ratio was primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories. Our cash and cash equivalents, short-term investments and working capital are as follows (in thousands):
Table:
 | Fiscal | 
 | 2019 | 2018
Cash and cash equivalents | $305,833 | $310,495
Short-term investments | 120 | 120
Working capital | 854,507 | 865,664


Question: In which years was information on cash and cash equivalents, short-term investments and working capital provided?
Answer: 2019, 2018
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2018 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2013 , and that dividends were reinvested when paid. .

Table:
 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 | 12/31/2017 | 12/31/2018
hum | $ 100 | $ 140 | $ 176 | $ 202 | $ 247 | $ 287
s&p 500 | $ 100 | $ 114 | $ 115 | $ 129 | $ 157 | $ 150
peer group | $ 100 | $ 128 | $ 135 | $ 137 | $ 173 | $ 191
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Question: what was the ratio of the stock total return performance for hum to s&p 500 at 12/31/2016
Answer: 1.57
Calculation: divide(202, 129)
9. Debtors
The Directors consider that the carrying amount of trade and other debtors approximates their fair value.
The Company has no significant concentration of credit risk attributable to its trade debtors as the exposure is spread over a large number of customers.
Assets recognised from costs to obtain a contract relate to capitalised incremental costs to obtain a contract, being sales commissions arising on contracts with customers of more than one year in length. No assets were impaired or derecognised during the current year or prior year.
Table:
 |  | 2019 | 2018
 | Notes | £ million | £ million
Due within one year |  |  | 
Trade debtors |  | 5.2 | 7.0
Owed by subsidiaries |  | 13.7 | 9.6
Other debtors |  | 0.2 | 0.7
Prepayments |  | 0.4 | 0.6
Current tax asset |  | 1.0 | 0.6
Deferred tax | 13 | – | 1.3
Assets recognised from costs to obtain a contract |  | 0.1 | 0.1
 |  | 20.6 | 19.9
Due after one year |  |  | 
Defined benefit pension plan surplus | 3 | 8.8 | 2.0


Question: What was the percentage change in the amount owed by subsidiaries?
Answer: 42.71
Calculation: (13.7-9.6)/9.6
Performance-Based Restricted Stock Units
Performance-based restricted stock units are eligible to vest at the end of each fiscal year in a three-year performance period based on the Company’s annual growth rate in net sales and non-GAAP diluted earnings per share (subject to certain adjustments) over a multiple of four times the related results for the fourth quarter of 2018 relative to the growth rates for a peer group of companies for the same metrics and periods.
For the performance-based restricted stock units granted in 2019, 60% of each performance-based award is subject to the net sales metric for the performance period and 40% is subject to the non-GAAP diluted earnings per share metric for the performance period. The maximum percentage for a particular metric is2 50% of the target number of units subject to the award related to that metric, however, vesting of the performance stock units is capped at 30% and 100%, respectively, of the target number of units subject to the award in years one and two, respectively, of the three-year performance period.
As of December 31, 2019, the Company believes that it is probable that the Company will achieve performance metrics specified in the award agreement based on its expected revenue and non-GAAP diluted EPS results over the performance period and calculated growth rates relative to its peers’ expected results based on data available, as defined in the award agreement.
A summary of the Company’s performance-based restricted stock unit activity is as follows:
(1) Number of shares granted is based on the maximum percentage achievable in the performance-based restricted stock unit award.
Table:
 | Number of Shares | Weighted-Average Grant-Date
 | (in thousands) | Fair Value per Share
Outstanding at December 31, 2018 | — | $—
Granted(1) | 445 | 22.21
Outstanding at December 31, 2019 | 445 | 22.21


Question: What percentage of each performance-based award is subject to the net sales metric for the performance period?
Answer: 60%
21 Share-based payments
(a) Performance rights
The performance rights plan was established by the Board of Directors to provide long-term incentives to the Group’s Senior Executives based on total shareholder returns (TSR) taking into account the Group’s financial and operational performance. Under the Plan, eligible participants may be granted performance rights on terms and conditions determined by the Board from time to time. Performance rights were granted during the course of FY17, FY18 and FY19. The vesting conditions for grants relate to TSR exceeding the ASX 200 Accumulation Index over the measurement period. Vesting of the rights will be tested on or around the day following the release of each of the annual results for the years ended 30 June 2019, 2020 and 2021 respectively.
Performance rights are granted by the Company for nil consideration. The Board has discretion to determine if the value will be provided in shares, cash or a combination of shares and cash. Rights granted under the plan carry no dividend or voting rights.
The fair value of the rights at the date of valuation was determined using the Black-Scholes Option Pricing Model to be equal to the volume weighted-average price (VWAP) ending on the day before the grant date, less the dividends expected over the period from the expected grant date to the completion of the measurement period, adjusted for the expected probability of achieving the vesting conditions.
Table:
 | 30 June 2019 | 30 June 2019 | 30 June 2018 | 30 June 2018
 | Number of Rights | Average Fair Value | Number of Rights | Average Fair Value
Opening balance | 2,948,960 | $1.87 | 3,460,195 | $1.26
Granted during the year | 828,285 | $3.07 | 762,577 | $3.32
Vested during the year | (1,307,885) | $1.19 | (1,273,812) | $1.09
Forfeited during the year | - | $0.00 | - | $0.00
Closing balance | 2,469,360 | $2.64 | 2,948,960 | $1.87


Question: What was the average difference between number of rights in opening and closing balance for both years?
Answer: 495417.5
Calculation: ((2,948,960 - 2,469,360) + (3,460,195 - 2,948,960)) / 2
NOTE 8—INVENTORIES
Inventories consist of the following (in thousands):
At September 30, 2019, work in process and inventoried costs under long-term contracts includes approximately $5.8 million in costs incurred outside the scope of work or in advance of a contract award compared to $0.9 million at September 30, 2018. We believe it is probable that we will recover the costs inventoried at September 30, 2019, plus a profit margin, under contract change orders or awards within the next year.
Costs we incur for certain U.S. federal government contracts include general and administrative costs as allowed by government cost accounting standards. The amounts remaining in inventory at September 30, 2019 and 2018 were $0.5 million and $2.0 million, respectively.
Table:
 |  | September 30,
 | 2019 | 2018
Finished products | $10,905 | $7,099
Work in process and inventoried costs under long-term contracts | 46,951 | 63,169
Materials and purchased parts | 48,938 | 23,710
Customer advances | — | (9,779)
Net inventories | $  106,794 | $  84,199


Question: In which year is the value of finished products higher?
Answer: 2019
Calculation: 10,905>7,099
(1) Included in other long-term assets.
For certain other financial instruments, including accounts receivable, unbilled receivables, and accounts payable, the carrying value approximates fair value due to the relatively short maturity of these items.
Table:
 |  | December 31, 2018 |  | 
(in thousands) | Level 1 | Level 2 | Level 3 | Total
Cash equivalents | $10,155 | $10,000 | - | $20,155
Marketable securities: |  |  |  | 
Municipal bonds | $— | $44,705 | — | $44,705
Corporate bonds | — | $48,296 | — | $48,296
Total marketable securities | $— | $93,001 | — | $93,001
Investments in privately-held companies (1) | $— | — | $3,390 | $3,390


Question: What is the value of Level 2 municipal bonds as a percentage of the total municipal bonds?
Answer: 100
Calculation: 44,705/44,705
20. Computation of Basic/Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data):
The vesting of certain of our employee-related restricted stock units and options is contingent upon the satisfaction of predefined performance measures. The shares underlying these equity awards are included in the weighted-average dilutive common shares only if the performance measures are met as of the end of the reporting period. Additionally, potential common shares are not included in the denominator of the diluted earnings per common share calculation when the inclusion of such shares would be anti-dilutive.
Table:
 |  | For the Years Ended December 31, | 
 | 2019 | 2018 | 2017
Numerator: |  |  | 
Consolidated net income | $1,503 | $1,848 | $273
Denominator: |  |  | 
Denominator for basic earnings per common share—weighted-average common shares outstanding | 767 | 762 | 754
Effect of dilutive stock options and awards under the treasury stock method | 4 | 9 | 12
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method | 771 | 771 | 766
Basic earnings per common share | $1.96 | $2.43 | $0.36
Diluted earnings per common share | $1.95 | $2.40 | $0.36


Question: What was the change in consolidated net income between 2018 and 2019?
Answer: -345
Calculation: $1,503-$1,848
ITEM 2. PROPERTIES
The Company leases the following real property:
The Company executed a three-year lease beginning in October 2017 for approximately 83,000 square feet for our Aurora, Illinois headquarters facility.
During fiscal year 2019, the Company executed a two-year lease beginning in September 2018 for approximately 2,300 square feet for our Manchester, New Hampshire IBW office space.
The Company is currently evaluating a replacement lease for the ISM design center in Ohio.
On April 1, 2013, as a result of the Kentrox acquisition, the Company acquired a sixteen acre parcel of land in Dublin, Ohio. The Company sold four acres in April 2015 and is marketing the remaining twelve acres for sale.
Table:
Location | Purpose | Square footage  | Termination calendar year | Segment
Aurora, IL | Corporate headquarters, office, distribution and manufacturing | 83,000 | 2020 | 
Dublin, OH | Design center | 9,465 | 2019 | ISM
Manchester, NH | IBW office | 2,287 | 2020 | IBW


Question: What is the result of the Kentrox acquisition?
Answer: the Company acquired a sixteen acre parcel of land in Dublin, Ohio
NOTE 14—INCOME TAXES
Our effective tax rate represents the net effect of the mix of income earned in various tax jurisdictions that are subject to a wide range of income tax rates.
The following is a geographical breakdown of income before the provision for income taxes:
Table:
 |  | Year Ended June 30, | 
 | 2019 | 2018 | 2017
Domestic income (loss) | $269,331 | $238,405 | $110,562
Foreign income | 171,243 | 147,721 | 138,989
Income before income taxes | $440,574 | $386,126 | $249,551


Question: In what years did Income before income taxes exceed $300,000?
Answer: 2019, 2018
14. Net Loss Per Share
Basic net loss per common share for the years ended December 31, 2019 and 2018 was computed by dividing the net loss attributable to Neonode Inc. for the relevant period by the weighted average number of shares of common stock outstanding during the year. Diluted loss per common share is computed by dividing net loss attributable to Neonode Inc. for the relevant period by the weighted average number of shares of common stock and common stock equivalents outstanding during the year.
Potential common stock equivalents of approximately 0 and 350,000 outstanding stock warrants, 0 and 11,000 shares issuable upon conversion of preferred stock and 0 and 0 stock options are excluded from the diluted earnings per share calculation for the years ended December 31, 2019 and 2018, respectively, due to their anti-dilutive effect.
Table:
(In thousands, except per share amounts) | Years ended December 31, | 
 | 2019 | 2018
BASIC AND DILUTED |  | 
Weighted average number of common shares outstanding | 8,844 | 5,884
Net loss attributable to Neonode Inc. | $(5,298) | $(3,060)
Net loss per share basic and diluted | $(0.60) | $(0.52)


Question: Which year has the highest net loss per share basic and diluted?
Answer: 2019
Calculation: -0.60<-0.52
ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN
The terms adjusted EBITDA and adjusted EBITDA margin 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 EBITDA as operating revenues less operating costs as shown in BCE’s consolidated income statements. Adjusted EBITDA for BCE’s segments is the same as segment profit as reported in Note 3, Segmented information, in BCE’s 2019 consolidated financial statements. We define adjusted EBITDA margin as adjusted EBITDA divided by operating revenues.
We use adjusted EBITDA and adjusted EBITDA margin to evaluate the performance of our businesses as they reflect their ongoing profitability. We believe that certain investors and analysts use adjusted EBITDA to measure a company’s ability to service debt and to meet other payment obligations or as a common measurement to value companies in the telecommunications industry. We believe that certain investors and analysts also use adjusted EBITDA and adjusted EBITDA margin to evaluate the performance of our businesses. Adjusted EBITDA is also one component in the determination of short-term incentive compensation for all management employees.
Adjusted EBITDA and adjusted EBITDA margin have no directly comparable IFRS financial measure. Alternatively, the following table provides a reconciliation of net earnings to adjusted EBITDA.
Table:
 | 2019 | 2018
Net earnings | 3,253 | 2,973
Severance, acquisition and other costs | 114 | 136
Depreciation | 3,496 | 3,145
Amortization | 902 | 869
Finance costs |  | 
Interest expense | 1,132 | 1,000
Interest on post-employment benefit obligations | 63 | 69
Other expense | 13 | 348
Income taxes | 1,133 | 995
Adjusted EBITDA | 10,106 | 9,535
BCE operating revenues | 23,964 | 23,468
Adjusted EBITDA margin | 42.2% | 40.6%


Question: What is the total net earnings in 2018 and 2019?
Answer: 6226
Calculation: 3,253+2,973
Capital and financial risk management
13 Capital risk management
The Group's objectives when managing capital are to safeguard its ability to continue as a going concern, so that it can continue to provide returns to its shareholders and benefits to its stakeholders and to maintain an optimal capital structure to reduce the cost of capital.
In the future, the Directors may pursue funding options such as debt, sale and leaseback of assets, additional equity and various other funding mechanisms as appropriate in order to undertake its projects and deliver optimum shareholders’ return.
The Group intends to maintain a gearing ratio appropriate for a company of its size and growth.
The Group manages its capital structure by regularly reviewing its gearing ratio to ensure it maintains an appropriate level of gearing within facility covenants. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total interest bearing financial liabilities, less cash and cash equivalents. Total capital is calculated as equity, as shown in the Consolidated Balance Sheet, plus net debt.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
Total borrowings and lease | 867,177 | 302,954
Less: cash and cash equivalents | (398,999) | (417,982)
Net debt (surplus cash) | 468,178 | (115,028)
Total equity | 875,303 | 893,977
Total capital | 1,343,481 | 778,949
Gearing ratio | 35.0% | -%


Question: What was the percentage of total equity among total capital in 2019?
Answer: 65.15
Calculation: 875,303 / 1,343,481
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: How many metrics were added under the Long-Term Incentive Plan?
Answer: 2
Calculation: Cumulative Adjusted EBITDA (3 year)##Relative TSR Modifier (3 year)
NOTE 23. EXPENSES BY NATURE
Research and development consists of the following:
The impairment expenses in 2018 and 2019 are related to customer specific projects.
The Company’s operations in the Netherlands, Belgium and the United States receive research and development grants and credits from various sources.
Table:
 | Year ended December 31, | 
 | 2018 | 2019
Research and development expenses | 125,280 | 150,745
Capitalization of development expenses | (49,688) | (60,202)
Amortization of capitalized development expenses | 12,039 | 15,597
Research and development grants and credits | (321) | (49)
Total research and development expenses | 87,310 | 106,091
Impairment of research and development related assets | 1,278 | 4,755
Total | 88,588 | 110,846


Question: What is the percentage change in total Research and development expenses?
Answer: 25.13
Calculation: (110,846-88,588)/88,588