hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Note 9 – Leases
We have operating leases for office space, automobiles and various other equipment in the U.S. and in certain international locations. We also reviewed other contracts, such as manufacturing agreements and service agreements, for potential embedded leases. We specifically reviewed these other contracts to determine whether we have the right to substantially all of the economic benefit from the use of any specified assets or the right to direct the use of any specified assets, either of which would indicate the existence of a lease.
As of December 31, 2019, our operating leases had remaining lease terms of one month to six years, some of which included options to extend the leases for up to nine years, and some of which included options to terminate the leases within three months. For those leases that are reasonably assured to be renewed, we have included the option to extend as part of our right of use asset and lease liability. Leases with an initial term of 12 months or less were not recorded on the balance sheet and lease expense for these leases is recognized on a straight-line basis over the lease term. Lease expense related to these short-term leases was $0.4 million for the twelve months ended December 31, 2019, and is included in cost of sales, selling, general and administrative expenses and research and development expenses in the Consolidated Statements of Income. Lease expense related to variable lease payments that do not depend on an index or rate, such as real estate taxes and insurance reimbursements, was $0.9 million for the twelve months ended December 31, 2019. For lease agreements entered into or reassessed after the adoption of Topic 842, we elected to not separate lease and nonlease components. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Supplemental balance sheet information related to operating leases is as follows:
(1) Reflects the adoption of the new lease accounting standard on January 1, 2019.
Table:
(In thousands) | Classification | December 31, 2019 | January 1, 2019 (1)
Assets |  |  | 
Right of use lease assets | Other Assets | $8,452 | $10,322
Total lease asset |  | $8,452 | $10,322
Liabilities |  |  | 
Current lease liability | Accrued expenses | $2,676 | $2,948
Non-current lease liability | Other non-current liabilities | 5,818 | 7,374
Total lease liability |  | $8,494 | $10,322


Question: What was the change in total lease asset between January and December?
Answer: -1870
Calculation: $8,452-$10,322
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
23. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Selected quarterly financial data for the years ended December 31, 2019 and 2018 is as follows (in millions, except per share data):
(1) Represents Operating expenses, exclusive of Depreciation, amortization and accretion, Selling, general, administrative and development expense, and Other operating expenses.
Table:
 |  | Three Months Ended |  |  | 
 | March 31, | June 30, | September 30, | December 31, | Year Ended December 31,
2018: |  |  |  |  | 
Operating revenues | $1,741.8 | $1,780.9 | $1,785.5 | $2,131.9 | $7,440.1
Costs of operations (1) | 519.9 | 560.3 | 556.7 | 540.9 | 2,177.8
Operating income | 402.9 | 546.0 | 567.2 | 388.9 | 1,905.0
Net income | 280.3 | 314.4 | 377.3 | 292.7 | 1,264.7
Net income attributable to American Tower Corporation stockholders | 285.2 | 306.7 | 366.9 | 277.6 | 1,236.4
Dividends on preferred stock | (9.4) | — | — | — | (9.4)
Net income attributable to American Tower Corporation common stockholders | 275.8 | 306.7 | 366.9 | 277.6 | 1,227.0
Basic net income per share attributable to American Tower Corporation common stockholders | 0.63 | 0.69 | 0.83 | 0.63 | 2.79
Diluted net income per share attributable to American Tower Corporation common stockholders | 0.63 | 0.69 | 0.83 | 0.62 | 2.77


Question: What was the operating income at the end of June 30?
Answer: 546.0
Net Profit After Tax
Net profit after tax increased by 41.1% to US$52.9 million from US$37.5 million in the previous year.
The effective tax rate for the year was 8% (2018: 6%). This reflects the tax utilisation of the deferred tax asset recognised as a result of both temporary differences arising on relocation of Altium’s core business assets to the USA. Altium will continue to utilize the tax benefits and re-evaluate the valuation of the deferred tax asset on an annual basis.
For more details on revenue, refer to Note 3 of the annual report.
Table:
 |  | Consolidated | 
 | 2019 | 2018 | Change
Product Revenue | US$’000 | US$’000 | %
Altium Designer software licenses | 62,377 | 51,309 | 22%
Altium Designer subscriptions | 58,468 | 51,522 | 13%
Octopart search advertising | 17,940 | 11,968 | 50%
TASKING software licenses | 12,293 | 8,526 | 44%
TASKING maintenance | 5,741 | 4,709 | 22%
Altium Nexus | 6,635 | 4,848 | 37%
Service revenue | 3,655 | 4,833 | (25%)
Other | 4,710 | 2,461 | 91%
Total Product Revenue | 171,819 | 140,176 | 23%


Question: What is the percentage of TASKING software licenses in total product revenue in 2018?
Answer: 6.08
Calculation: 8,526/140,176
item 1b . unresolved staff comments item 2 . properties we employ a variety of assets in the management and operation of our rail business . our rail network covers 23 states in the western two-thirds of the u.s . our rail network includes 31974 route miles . we own 26012 miles and operate on the remainder pursuant to trackage rights or leases . the following table describes track miles at december 31 , 2014 and 2013 . 2014 2013 .

Table:
 | 2014 | 2013
route | 31974 | 31838
other main line | 6943 | 6766
passing lines and turnouts | 3197 | 3167
switching and classification yard lines | 9058 | 9090
total miles | 51172 | 50861
headquarters building we own our headquarters building in omaha , nebraska .
the facility has 1.2 million square feet of space for approximately 4000 employees. .

Question: assuming an average prison cell is 230 square feet , do the headquarters employees have more space than the average prisoner?
Answer: yes
Calculation: multiply(1.2, const_1000000), divide(#0, 4000), multiply(230, const_10), greater(#1, #2)
Summary of Results
The following table sets forth, for the periods indicated, certain key operating results and other financial information (in thousands, except per share data):
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Net revenue | $25,282,320 | $22,095,416 | $19,063,121
Gross profit | $1,913,401 | $1,706,792 | $1,545,643
Operating income | $701,356 | $542,153 | $410,230
Net income attributable to Jabil Inc | $287,111 | $86,330 | $129,090
Earnings per share – basic | $1.85 | $0.50 | $0.71
Earnings per share – diluted | $1.81 | $0.49 | $0.69


Question: How many years did the net revenue exceed $20,000,000 thousand?
Answer: 2
Calculation: 2019##2018
5.0 FY 2019 Financial Performance and Analysis
The discussions in this section relate to the consolidated, Rupee-denominated financial results pertaining to the year that ended March 31, 2019. The financial statements of Tata Consultancy Services Limited and its subsidiaries (collectively referred to as ‘TCS’ or ‘the Company’) are prepared in accordance with the Indian Accounting Standards (referred to as ‘Ind AS’) prescribed under section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, as amended from time to time. Significant accounting policies used in the preparation of the financial statements are disclosed in the notes to the consolidated financial statements.
The following table gives an overview of the consolidated financial results of the Company:
* EPS is adjusted for bonus issue
Table:
 |  |  |  |  | ` crore
 | FY 2019 | % of Revenue | % Growth | FY 2018 | % of Revenue
Revenue | 146,463 | 100.0 | 19.0 | 123,104 | 100.0
Earnings before interest, tax, depreciation and amortization (before other income) | 39,506 | 27.0 | 21.5 | 32,516 | 26.4
Profit Before Tax (PBT) | 41,563 | 28.4 | 21.9 | 34,092 | 27.7
Profit after tax attributable to shareholders of the Company | 31,472 | 21.5 | 21.9 | 25,826 | 21.0
Earnings per share (in `) | 83.05 | - | 23.8 | 67.10* | -


Question: What is the percentage growth in revenue from FY 2018 to FY 2019?
Answer: 19
The fair value of plan assets, summarized by level within the fair value hierarchy described in Note 20, as of May 27, 2018, was as follows:
Level 1 assets are valued based on quoted prices in active markets for identical securities. The majority of the Level 1 assets listed above include the common stock of both U.S. and international companies, mutual funds, master limited partnership units, and real estate investment trusts, all of which are actively traded and priced in the market.
Level 2 assets are valued based on other significant observable inputs including quoted prices for similar securities, yield curves, indices, etc. Level 2 assets consist primarily of individual fixed income securities where values are based on quoted prices of similar securities and observable market data.
Level 3 assets consist of investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs.
Certain assets that are measured at fair value using the NAV (net asset value) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. Such investments are generally considered long-term in nature with varying redemption availability. For certain of these investments, with a fair value of approximately $51.0 million as of May 26, 2019, the asset managers have the ability to impose customary redemption gates which may further restrict or limit the redemption of invested funds therein. As of May 26, 2019, funds with a fair value of $4.2 million have imposed such gates.
As of May 26, 2019, we have unfunded commitments for additional investments of $48.3 million in private equity funds and $17.0 million in natural resources funds. We expect unfunded commitments to be funded from plan assets rather than the general assets of the Company.
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)
Table:
 | Level 1 | Level 2 | Level 3 | Total
Cash and cash equivalents | $1.0 | $65.0 | $— | $66.0
Equity securities: |  |  |  | 
U.S. equity securities | 319.8 | 124.0 | — | 443.8
International equity securities | 256.5 | 1.0 | — | 257.5
Fixed income securities: |  |  |  | 
Government bonds | — | 1,854.8 | — | 1,854.8
Corporate bonds | — | 4.7 | — | 4.7
Mortgage-backed bonds | — | 9.3 | — | 9.3
Real estate funds | 7.7 | — | — | 7.7
Master limited partnerships | 0.4 | — | — | 0.4
Net receivables for unsettled transactions | 10.9 | — | — | 10.9
Fair value measurement of pension plan assets in the fair value hierarchy | $596.3 | $2,058.8 | $— | $2,655.1
Investments measured at net asset value |  |  |  | 700.0
Total pension plan assets |  |  |  | $3,355.1


Question: Which fixed income securities have the highest fair value?
Answer: Government bonds
Calculation: 1,854.8>9.3>4.7
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: What are the fiscal years included in the table?
Answer: 2019, 2018, 2017
The Credit Agreement and 2026 Notes contain certain customary affirmative covenants and negative covenants that limit or restrict, subject to certain exceptions, the incurrence of liens, indebtedness of subsidiaries, mergers, advances, investments, acquisitions, transactions with affiliates, change in nature of business, and the sale of the assets. In addition, the Credit Agreement and 2026 Notes contain certain customary mandatory prepayment provisions. The Company is also required to maintain a consolidated leverage ratio at or below a specified amount and an interest coverage ratio at or above a specified amount. As specified in the Credit Agreement and 2026 Notes agreement, if certain events occur and continue, the Company may be required to repay all amounts outstanding under the Credit Facility and 2026 Notes. As of December 31, 2019, and at all times during the period, the Company was in compliance with its financial debt covenants.
Total debt is comprised of the following (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Term loans | $756,060 | $284,959
Revolving credit facility | 239,000 | —
5.750% Senior Notes, due August 2026 | 400,000 | 400,000
Debt issuance costs | (21,905 ) | (13,203 )
Total debt | 1,373,155 | 671,756
Less current portion of term credit facility | 38,950 | 23,747
Less current portion of debt issuance costs | (4,802 ) | (2,980 )
Total long-term debt | $1,339,007 | $650,989


Question: What was the percentage change in total long-term debt between 2018 and 2019?
Answer: 105.69
Calculation: ($1,339,007-$650,989)/$650,989
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-state income tax expense (benefit) in 2019?
Answer: 1,383
General and Administrative Expense
General and administrative expense increased by $15.4 million in 2019 compared to 2018. The increase was primarily due to a $9.8 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 89 employees as of December 31, 2018 to 113 employees as of December 31, 2019. There was an additional increase of $3.7 million in depreciation and amortization, $0.8 million to support compliance as a public company, a $0.6 million increase in office related expenses to support the administrative team, and an increase of $0.2 million in software subscription costs.
Table:
 | Year Ended December 31, |  | Change | 
 | 2019 | 2018 | $ | %
 |  | (dollars in thousands) |  | 
General and administrative | $ 46,820 | $ 31,462 | $ 15,358 | 48.8%
% of revenue | 23% | 21% |  | 


Question: What was the average General and administrative expense for 2018 and 2019?
Answer: 39141
Calculation: (46,820 + 31,462) / 2
6. Financial Instruments
The composition of financial instruments is as follows:
The fair values of the Company’s financial instrument is the amount that would be received in an asset sale or paid to transfer a liability in an orderly transaction between unaffiliated market participants and is recorded using a hierarchical disclosure framework based upon the level of subjectivity of the inputs used in measuring assets and liabilities. The levels are described below:
Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available.
The Company classifies its financial instrument within Level 2 of the fair value hierarchy on the basis of models utilizing market observable inputs. The interest rate swap has been valued on the basis of valuations provided by third-party pricing services, as derived from standard valuation or pricing models. Market-based observable inputs for the interest rate swap include one month LIBOR-based yield curves over the term of the swap. The Company reviews third-party pricing provider models, key inputs and assumptions and understands the pricing processes at its third-party providers in determining the overall reasonableness of the fair value of its Level 2 financial instruments. The Company also considers the risk of nonperformance by assessing the swap counterparty's credit risk in the estimate of fair value of the interest rate swap. As of December 31, 2019 and 2018, the Company has not made any adjustments to the valuations obtained from its third party pricing providers.
Table:
 | December 31, 2019 | December 31, 2018
(in thousands) |  | 
Assets |  | 
Interest rate swap | $— | $1,623
Liabilities |  | 
Interest rate swap | $37 | $—


Question: What was the interest rate swap in 2019 and 2018 respectively?
Answer: 0, 1,623
18. Revenue
Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company recognizes revenue over time for the majority of its contracts with customers which results in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers continues to be recognized at a point in time, similar to recognition prior to the adoption of the standard.
Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs are recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates.
The Company adopted ASU 2014-09 using the modified retrospective method by applying the guidance to all open contracts upon adoption and recorded a cumulative effect adjustment as of September 1, 2018, net of tax,  effect adjustment (in thousands):
(1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
(2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
(3) Included within accrued expenses on the Consolidated Balance Sheets.
(4) Differences included in contract liabilities as of September 1, 2018.
Table:
 | Balance as of August 31, 2018 | Adjustments due to adoption of ASU 2014-09 | Balance as of September 1, 2018
Assets |  |  | 
Contract assets(1) | $— | $591,616 | $591,616
Inventories, net(1) | $3,457,706 | $(461,271) | $2,996,435
Prepaid expenses and other current assets(1)(2) | $1,141,000 | $(37,271) | $1,103,729
Deferred income taxes(1)(2) | $218,252 | $(8,325) | $209,927
Liabilities |  |  | 
Contract liabilities(2)(3) | $— | $690,142 | $690,142
Deferred income(2)(3)(4) | $691,365 | $(691,365) | $—
Other accrued expenses(3)(4) | $1,000,979 | $40,392 | $1,041,371
Deferred income taxes(1) | $114,385 | $2,977 | $117,362
Equity |  |  | 
Retained earnings(1)(2) | $1,760,097 | $42,602 | $1,802,699


Question: What were the Adjustments due to adoption of ASU 2014-09 for contract assets?
Answer: $591,616
Cogeco Communications is a subsidiary of Cogeco, which holds 31.8% of the Corporation's equity shares, representing 82.3% of the Corporation's voting shares.
Cogeco provides executive, administrative, financial and strategic planning services and additional services to the Corporation under a Management Services Agreement (the "Agreement"). On May 1, 2019, the Corporation and Cogeco agreed to amend the Agreement in order to replace the methodology used to establish the management fees payable by the Corporation to Cogeco, which was based on a percentage of the consolidated revenue of the Corporation, with a new methodology based on the costs incurred by Cogeco plus a reasonable mark-up. This cost-plus methodology was adopted to avoid future variations of the management fee percentage due to the frequent changes of the Corporation's consolidated revenue pursuant to business acquisitions and divestitures. Prior to this change, management fees represented 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018). Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.
Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.
The following table shows the amounts that the Corporation charged Cogeco with regards to the Corporation's stock options, ISUs and PSUs granted to these executive officers, as well as DSUs issued to Board directors of Cogeco:
Table:
Years ended August 31, | 2019 | 2018
(In thousands of Canadian dollars) | $ | $
Stock options | 1,046 | 915
ISUs | 61 | 1
PSUs | 981 | 990
DSUs | 631 | —


Question: What was the management fee prior to the methodology change?
Answer: 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018)
In November 2017, GMSL acquired the trenching and cable laying services business from Fugro N.V. ("Fugro"). As part of the transaction, Fugro became a 23.6% holder of GMSL's parent, Global Marine Holdings, LLC ("GMH"). GMSL, in the normal course of business, incurred revenue and expenses with Fugro for various services.
For the years ended December 31, 2019 and 2018, GMSL recognized $11.3 million and $9.3 million respectively, of expenses for transactions with Fugro. For the year ended December 31, 2019 GMSL recognized $0.8 million of revenues. The parent company of GMSL, GMH, incurred management fees of $0.6 million for each of the years ended December 31, 2019 and 2018.
GMSL also has transactions with several of their equity method investees. A summary of transactions with such equity method investees and balances outstanding are as follows (in millions):
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net revenue | $ 6.4 | $ 21.8
Operating expenses | $ 1.0 | $ 4.8
Interest expense | $ 1.0 | $ 1.3
 | December 31, | 
 | 2019 | 2018
Accounts receivable | $ 1.2 | $ 5.0
Long-term obligations | $ 22.5 | $ 28.5
Accounts payable | $ 0.1 | $ 2.2
Dividends | $ 4.5 | $ 25.8


Question: What was the net revenue in 2019?
Answer: $ 6.4