hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
For 2019, we reported a net income of $1,032 million, compared to a net income of $1,287 million and $802 million for 2018 and 2017, respectively.
The 2019 net income represented diluted earnings per share of $1.14 compared to $1.41 and $0.89 for 2018 and 2017, respectively.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (In millions) | 
Net income attributable to parent company | $1,032 | $1,287 | $802
As percentage of net revenues | 10.8% | 13.3% | 9.6%


Question: What is the increase/ (decrease) in net income attributable to parent company from 2017 to 2018?
Answer: 485
Calculation: 1,287-802
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
NOTE 23. SUPPLEMENTAL QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables present unaudited quarterly results for each of the eight quarters in the periods ended December 31, 2019 and 2018, in thousands. We believe that all necessary adjustments have been included in the amounts stated below to present fairly such quarterly information. Due to the volatility of the industries in which our customers operate, the operating results for any quarter are not necessarily indicative of results for any subsequent period.
Table:
 |  | Quarter Ended |  | 
 | December 31, | September 30, | June 30, | March 31,
 | 2018 | 2018 | 2018 | 2018
Sales, net | $154,161 | $173,082 | $196,032 | $195,617
Gross Profit | $  75,188 | $  85,539 | $ 101,235 | $ 103,645
Restructuring Expense | $  3,836 | $  403 | $ — | $ —
Operating income | $  19,570 | $  39,862 | $ 56,018 | $ 56,103
Income from continuing operations, net of income taxes | $  19,222 | $  35,157 | $ 46,400 | $ 46,370
Loss (income) from discontinued operations, net of income taxes | $  188 | $  (371) | $ 5 | $ 140
Net Income | $19,410 | $34,786 | $46,405 | $46,510
Income from continuing operations attributable to noncontrolling interest | $  4 | $  7 | $ 44 | $ 31
Net income attributable to Advanced Energy Industries, Inc. | $  19,406 | $34,779 | $46,361 | $ 46,479
Earnings (Loss) Per Share: |  |  |  | 
Continuing Operations: |  |  |  | 
Basic earnings per share | $0.50 | $0.90 | $1.18 | $1.17
Diluted earnings per share | $0.50 | $0.90 | $1.17 | $1.16
Discontinued Operations: |  |  |  | 
Basic loss per share | $  — | $  (0.01) | $ — | $ —
Diluted loss per share | $  — | $  (0.01) | $ — | $ —
Net Income: |  |  |  | 
Basic earnings per share | $ 0.51 | $  0.89 | $ 1.18 | $1.17
Diluted earnings per share | $0.50 | $0.89 | $1.17 | $1.16


Question: What was the percentage change in net sales between Quarter Ended  June and September?
Answer: -11.71
Calculation: ($173,082-$196,032)/$196,032
Orders at Mobility grew to a record high on a sharp increase in volume from large orders, which the Strategic Company won across the businesses, most notably in the rolling stock and the customer services businesses. Among the major contract wins were a € 1.6 billion order for metro trains in the U. K., a € 1.2 billion contract for high-speed trains including maintenance in Russia, a € 0.8 billion order for trainsets including service in Canada, a € 0.7 billion contract for diesel-electric locomotives including a service agreement in the U. S. and two orders in Germany worth € 0.4 billion and € 0.3 billion, respectively, for regional multiple-unit trainsets. In fiscal 2018, Mobility also gained a number of significant contracts across the regions.
Revenue grew slightly as double-digit growth in the customer services business was largely offset by a decline in the rail infrastructure business. Revenue in the rolling stock business remained close to the prior-year level due to unfavorable timing effects related to the execution of large rail projects, which the business began to ramp up late in the fiscal year. Mobility continued to operate with high profitability in fiscal 2019, including a strong contribution to Adjusted EBITA from the services business. Severance charges were € 20 million, up from € 14 million in fiscal 2018. Mobility’s order backlog was € 33 billion at the end of the fiscal year, of which € 8 billion are expected to be converted into revenue in fiscal 2020.
Order growth reflected overall strong markets for Mobility in fiscal 2019, with different dynamics among the regions. Market development in Europe was characterized by continuing awards of mid-size and large orders, particularly in the U. K., Germany and Austria. Within the C. I. S., large projects for high-speed trains and services were awarded in Russia. Demand in the Middle East and Africa was held back by ongoing uncertainties related to budget constraints and political climates. In the Americas region, stable investment activities were driven by demand for mainline
and urban transport, especially in the U. S. and Canada.
Within the Asia, Australia region, Chinese markets saw ongoing investments in high-speed trains, urban transport, freight logistics and rail infrastructure, while India continues to invest in modernizing the country’s transportation infrastructure. For fiscal 2020, we expect markets served by Mobility to grow moderately with increasing demand for digital solutions. Overall, rail transport and intermodal mobility solutions are expected to remain a focus as urbanization continues to progress around the world. In emerging countries, rising incomes are expected to result in greater demand for public transport solutions.
Table:
 |  | Fiscal year |  | % Change
(in millions of €) | 2019 | 2018 | Actual | Comp.
Orders | 12,894 | 11,025 | 17 % | 16 %
Revenue | 8,916 | 8,821 | 1 % | 0 %
Adjusted EBITA | 983 | 958 | 3 % | 
Adjusted EBITA margin | 11.0 % | 10.9 % |  | 


Question: What is the increase / (decrease) in the Adjusted EBITDA margin from 2018 to 2019?
Answer: 0.1
Calculation: 11.0% - 10.9%
Autodesk applies fair value accounting for certain financial assets and liabilities, which consist of cash equivalents, marketable securities, and other financial instruments, on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and (Level 3) unobservable inputs for which there is little or no market data, which require Autodesk to develop its own assumptions. When determining fair value, Autodesk uses observable market data and relies on unobservable inputs only when observable market data is not available. Autodesk reviews for any potential changes on a quarterly basis, in conjunction with our fiscal quarter-end close.
Autodesk's cash equivalents, marketable securities, and financial instruments are primarily classified within Level 1 or Level 2 of the fair value hierarchy. Autodesk values its securities on pricing from pricing vendors, who may use quoted prices in active markets for identical assets (Level 1) or inputs other than quoted prices that are observable either directly or indirectly in determining fair value (Level 2). Autodesk's Level 2 securities are valued primarily using observable inputs other than quoted prices in active markets for identical assets and liabilities. Autodesk's Level 3 securities consist of investments held in convertible debt securities, and derivative contracts.
A reconciliation of the change in Autodesk’s Level 3 items for the fiscal year ended January 31, 2019 was as follows:
(1) Included in “Interest and other expense, net” in the accompanying Consolidated Statements of Operations.
Table:
 |  | Fair Value Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | 
 | Derivative Contracts | Convertible Debt Securities | Total
Balances, January 31, 2018 | $1.0 | $7.8 | $8.8
Settlements | — | (3.5) | (3.5)
(Losses) Gains included in earnings (1) | (0.2) | 0.5 | 0.3
Losses included in OCI | — | (0.4) | (0.4)
Balances, January 31, 2019 | $0.8 | $4.4 | $5.2


Question: How often does Autodesk review for changes?
Answer: Autodesk reviews for any potential changes on a quarterly basis, in conjunction with our fiscal quarter-end close.
Other Expense, Net
Other expense, net decreased by $4.3 million in 2018 compared to 2017 as a result of an increase in interest expense of $5.7 million related to interest expense due under our convertible senior notes. This increase was offset by an increase of $1.4 million of interest income earned on our short-term investments.
Table:
 | Year Ended December 31, |  | Change | 
 | 2018 | 2017 | $ | %
 |  | (dollars in thousands) |  | 
Other expense, net | $ 4,628 | $ 302 | $ 4,326 | 1432.5%
% of revenue | 3% | 0% |  | 


Question: What was the decrease in the Other expense, net in 2018?
Answer: $4.3 million
4. Segmental information
IFRS 8 ‘Operating segments’ requires the Group to determine its operating segments based on information which is provided internally. Based on the internal reporting information and management structures within the Group, it has been determined that there is only one operating segment, being the Group, as the information reported includes operating results at a consolidated Group level only. This reflects the nature of the business, where the major cost is to support the IT platforms upon which all of the Group’s customers are serviced. These costs are borne centrally and are not attributable to any specific customer type or revenue stream. There is also considered to be only one reporting segment, which is the Group, the results of which are shown in the Consolidated income statement.
Management has determined that there is one operating and reporting segment based on the reports reviewed by the Operational Leadership Team (‘OLT’) which is the chief operating decision-maker (‘CODM’). The OLT is made up of the Executive Directors and Key Management and is responsible for the strategic decision-making of the Group.
The OLT primarily uses the statutory measures of Revenue and Operating profit to assess the performance of the one operating segment. To assist in the analysis of the Group’s revenue-generating trends, the OLT reviews revenue at a disaggregated level as detailed within note 5. The revenue from external parties reported to the OLT is measured in a manner consistent with that in the income statement.
A reconciliation of the one segment’s Operating profit to Profit before tax is shown below.
Following the application of IFRS 16, profit before tax for the year ended 31 March 2018 has been restated (note 2).
Table:
 | 2019 | (Restated) 2018
 | £m | £m
Total segment Revenue | 355.1 | 330.1
Total segment Operating profit | 243.7 | 221.3
Finance costs – net | (10.2) | (10.6)
Profit on the sale of subsidiary | 8.7 | –
Profit before tax | 242.2 | 210.7


Question: What was the percentage change in Total segment Operating profit in 2019 from 2018?
Answer: 10.12
Calculation: (243.7-221.3)/221.3
Revenue and deferred revenue
The Group adopted IFRS 15 Revenue from Contracts with Customers in the current year and has therefore restated the results for the prior-year on a consistent basis, see note 2 of the Financial Statements for further details.
The Group’s revenue increased by $71.6 million, or 11.2 per cent, to $710.6 million in the year-ended 31 March 2019. Subscription revenue was notably strong in the period, with reported growth of 15.9 per cent, or 16.7 per cent on a constant currency basis, because of strong prior-period billings and incremental growth of the MSP channel in the current period.
1 Restated for the adoption of IFRS 15 as explained in note 2 of the Financial Statements
Revenue in the period of $710.6 million comprised $394.1 million from the recognition of prior-period deferred revenues and $316.5 million from in-period billings. The majority of the Group’s billings, which are recognised over the life of the contract, relate to subscription products (FY19: 84.8 per cent; FY18: 83.8 per cent), with the benefit from increased billings being spread over a number of years on the subsequent recognition of deferred revenue. The deferred revenue balance at the end of the period of $742.1 million increased $13.5 million year-on-year, an increase of 1.9 per cent. This was mainly due to a net deferral of billings amounting to $49.7 million partially offset by a net currency revaluation of $36.2 million, a consequence of the weakening of the euro and sterling against the US dollar during the year. Deferred revenue due within one year at the balance sheet date of $428.6M increased by 5.1 per cent at actual rates or by 10.7 per cent in constant currency.
Revenue in the Americas increased by $29.7 million or 13.3 per cent to $253.3 million in the year-ended 31 March 2019, supported by the recognition of prior-period Enduser billings from the Sophos Central platform and the growth of the MSP channel in the current period.
EMEA revenue increased by $39.1 million or 12.0 per cent to $363.6 million in the year-ended 31 March 2019, with growth in Enduser in particular, but also aided by Network sales.
APJ revenue increased by $2.8 million, or 3.1 per cent to $93.7 million in the year-ended 31 March 2019, with good growth in Enduser products partially offset by a decline in Network sales following the legacy product transition.
Table:
 | FY19 | FY18¹ | Growth % | Growth %
 | $m (Reported) | $m (Reported) | (Reported) | (CC)
Revenue by Region: |  |  |  | 
– Americas | 253.3 | 223.6 | 13.3 | 13.4
– EMEA | 363.6 | 324.5 | 12.0 | 12.7
– APJ | 93.7 | 90.9 | 3.1 | 6.2
 | 710.6 | 639.0 | 11.2 | 12.0
Revenue by Product: |  |  |  | 
– Network | 328.5 | 316.5 | 3.8 | 4.7
– Enduser | 348.4 | 291.8 | 19.4 | 20.2
– Other | 33.7 | 30.7 | 9.8 | 10.0
 | 710.6 | 639.0 | 11.2 | 12.0
Revenue by Type: |  |  |  | 
– Subscription | 593.9 | 512.4 | 15.9 | 16.7
– Hardware | 106.8 | 115.1 | (7.2) | (6.3)
– Other | 9.9 | 11.5 | (13.9) | (12.8)
 | 710.6 | 639.0 | 11.2 | 12.0


Question: What are the different regions under Revenue by Region in the table?
Answer: Americas, EMEA, APJ
18.1 Fair Values
The fair values of the currency and interest rate swap contracts exclude accrued interest of S$16.3 million (31 March 2018: S$16.8 million). The accrued interest is separately disclosed in Note 16 and Note 27.
The fair values of the derivative financial instruments were as follows –
Table:
 | Group |  | Company | 
 | Fair values |  | Fair values | 
 | Assets | Liabilities | Assets | Liabilities
2019 | S$ Mil | S$ Mil | S$ Mil | S$ Mil
Fair value and cash flow hedges |  |  |  | 
Cross currency swaps | 414.6 | 95.5 | 1.0 | 60.2
Interest rate swaps | 11.1 | 59.8 | - | 8.9
Forward foreign exchange contracts | 12.9 | 1.5 | 3.3 | 1.0
Derivatives that do not qualify for hedge accounting |  |  |  | 
Cross currency swaps | - | - | 104.7 | 104.7
Interest rate swaps | - | 1.9 | 17.5 | 17.5
Forward foreign exchange contracts | 0.1 | - | 0.1 | -
 | 438.7 | 158.7 | 126.6 | 192.3
Disclosed as – |  |  |  | 
Current | 155.1 | 9.2 | 0.7 | 0.5
Non-current | 283.6 | 149.5 | 125.9 | 191.8
 | 438.7 | 158.7 | 126.6 | 192.3


Question: What does the fair value of the currency and interest rate swap contracts not include?
Answer: accrued interest
Note 18 – Restructuring
During the second half of 2019, the Company implemented a restructuring plan to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives. Management assessed the efficiency of our operations and consolidated locations and personnel, among other things, where possible. As part of this restructuring plan, the Company announced plans to reduce its overall operating expenses, both in the U.S and internationally.
In February 2019, the Company announced the restructuring of certain of our workforce predominantly in Germany, which included the closure of our office location in Munich, Germany accompanied by relocation or severance benefits for the affected employees. We also offered voluntary early retirement to certain other employees, which was announced in March 2019.
In January 2018, the Company announced an early retirement incentive program for employees that met certain defined requirements. The cumulative amount incurred during the year ended December 31, 2018 related to this restructuring program was $7.3 million. We did not incur any additional expenses related to this restructuring program during the year ended December 31, 2019.
A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits in the Consolidated Balance Sheets as of December 31, 2019 and 2018, is as follows:
Table:
(In thousands) | 2019 | 2018
Balance at beginning of period | $185 | $205
Plus: Amounts charged to cost and expense | 6,014 | 7,261
Less: Amounts paid | (4,631) | (7,281)
Balance at end of period | $1,568 | $185


Question: Which year had a larger change in  Balance at beginning of period to  Balance at end of period?
Answer: 2019
Calculation: 2019:($1,568-$185=$1,383) 2018:($185- $205=-$20). 1,383>|-20|
The following table reconciles total segment adjusted EBITDA to net (loss) income for the years ended December 31, 2019, 2018 and 2017:
We do not have any single customer that provides more than 10% of our consolidated total operating revenue.
The assets we hold outside of the U.S. represent less than 10% of our total assets. Revenue from sources outside of the U.S. is responsible for less than 10% of our total operating revenue.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Total segment adjusted EBITDA | $15,987 | 16,647 | 12,560
Depreciation and amortization | (4,829) | (5,120) | (3,936)
Goodwill impairment | (6,506) | (2,726) | —
Other operating expenses | (7,216) | (8,045) | (6,504)
Share-based compensation | (162) | (186) | (111)
Operating (loss) income | (2,726) | 570 | 2,009
Total other expense, net | (2,040) | (2,133) | (1,469)
(Loss) income before income taxes | (4,766) | (1,563) | 540
Income tax expense (benefit) | 503 | 170 | (849)
Net (loss) income | $(5,269) | (1,733) | 1,389


Question: Which year has the largest total segment adjusted EBITDA?
Answer: 2018
Calculation: 16,647>15,987>12,560
24. Operating lease commitments
The Group has lease agreements in respect of property, plant and equipment, for which future minimum payments extend over a number of years.
Leases primarily relate to the Group’s properties, which principally comprise offices and factories. Lease payments are typically subject to market review every five years to reflect market rentals, but because of the uncertainty over the amount of any future changes, such changes have not been reflected in the table below. Within our leasing arrangements there are no significant contingent rental, renewal, purchase or escalation clauses.
The future aggregate minimum lease payments under non-cancellable operating leases for continuing operations are as follows:
The Group has made provision for the aggregate minimum lease payments under non-cancellable operating leases. The Group sub-lets various properties under non-cancellable lease arrangements. Sub-lease receipts of £0.2m (2017/18: £0.2m) were recognised in the statement of profit or loss during the period. The total future minimum sub-lease payments at the period end is £0.2m (2017/18: £0.2m).
Table:
 | As at 30 Mar 2019 |  | As at 31 Mar 2018 | 
 | Property | Plant and Equipment | Property | Plant and Equipment
 | £m | £m | £m | £m
Within one year | 1.8 | 1.3 | 2.5 | 1.8
Between 2 and 5 years | 6.3 | 2.4 | 5.3 | 1.9
After 5 years | 6.0 | 0.5 | 9.4 | –
Total | 14.1 | 4.2 | 17.2 | 3.7


Question: What is the average plant and equipment payment due between 2 and 5 years in 2018 and 2019?
Answer: 2.15
Calculation: (2.4 + 1.9) / 2
Global Financing Financial Position Key Metrics
(1) Includes deferred initial direct costs which are eliminated in
IBM’s consolidated results.
(2) Includes intercompany mark-up, priced on an arm’s-length basis, on products purchased from the company’s product divisions which is eliminated in IBM’s consolidated results.
(3) Entire amount eliminated for purposes of IBM’s consolidated results and therefore does not appear in the Consolidated Balance Sheet.
(4) These assets, along with all other financing assets in this table, are
leveraged at the value in the table using Global Financing debt.
At December 31, 2019, substantially all financing assets were IT-related assets, and approximately 62 percent of the total external portfolio was with investment-grade clients with no direct exposure to consumers, an increase of 7 points year to year. This investment-grade percentage is based on the credit ratings of the companies in the portfolio.
We have a long-standing practice of taking mitigation actions, in certain circumstances, to transfer credit risk to third parties, including credit insurance, financial guarantees, nonrecourse borrowings, transfers of receivables recorded as true sales in
accordance with accounting guidance or sales of equipment under operating lease. Adjusting for the mitigation actions, the investment-grade content would increase to 67 percent, a decrease of 3 points year to year.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Cash and cash equivalents | $ 1,697 | $ 1,833
Net investment in sales-type and direct financing leases (1) | 6,224 | 6,924
Equipment under operating leases— external clients (2) | 238 | 444
Client loans | 12,884 | 12,802
Total client financing assets | 19,346 | 20,170
Commercial financing receivables | 3,820 | 11,838
Intercompany financing receivables (3) (4) | 3,870 | 4,873
Total assets | $29,568 | $41,320
Debt | 24,727 | 31,227
Total equity | $ 2,749 | $ 3,470


Question: What is the increase / (decrease) in the cash from 2018 to 2019?
Answer: -136
Calculation: 1,697 - 1,833
Restricted Share Units
The following table illustrates the number and WASP on date of award, and movements in, restricted share units (“RSUs”) and cash-based awards granted under the 2015 LTIP:
RSUs and cash-based awards have a vesting period between two to five years, with no award vesting within the first 12 months of the grant.
Table:
 | Year-ended 31 March 2019 |  | Year-ended 31 March 2018 | 
 | Number | WASP | Number | WASP
Restricted share units | 000’s | £ pence | 000’s | £ pence
Outstanding at the start of the year | 14,840 | 316.09 | 15,350 | 215.92
Awarded | 8,749 | 478.44 | 6,337 | 453.14
Forfeited | (1,421) | 426.11 | (1,421) | 284.15
Released | (6,822) | 309.77 | (5,426) | 218.49
Outstanding at the end of the year | 15,346 | 401.27 | 14,840 | 316.09


Question: What was the change in the number of RSUs and cash-based awards outstanding at the end of the year in 2019 from 2018?
Answer: 506
Calculation: 15,346-14,840
11 Employee Costs
Included in wages and salaries above are $4.2M (2018: $4.0M) relating to retention payments arising on business combinations.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018 Restated See note 2
 | $M | $M
Wages and salaries | 286.0 | 271.8
Social security costs | 25.6 | 27.3
Pension costs | 8.9 | 8.4
Other costs | 12.7 | 12.1
 | 333.2 | 319.6
Share-based payments (see note 29) | 36.9 | 42.3
Total employee costs | 370.1 | 361.9


Question: What was the change in total employee costs in 2019 from 2018?
Answer: 8.2
Calculation: 370.1-361.9