hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Fair values of financial assets and financial liabilities
Fair values of financial assets and liabilities at 31st December 2019 are not materially different from book values due to their size or the fact that they were at short-term rates of interest. Fair values have been assessed as follows:
• Derivatives Forward exchange contracts are marked to market by discounting the future contracted cash flows using readily available market data
• Interest-bearing loans and borrowings Fair value is calculated based on discounted expected future principal and interest cash flows.
• Lease liabilities The fair value is estimated as the present value of future cash flows, discounted at the incremental borrowing rate for the related geographical location unless the rate implicit in the lease is readily determinable.
• Trade and other receivables/payables For receivables/payables with a remaining life of less than one year, the notional amount is deemed to reflect the fair value.
The following table compares amounts and fair values of the Group’s financial assets and liabilities:
There are no other assets or liabilities measured at fair value on a recurring or non-recurring basis for which fair value is disclosed.
Derivative financial instruments are measured at fair value. Fair value of derivative financial instruments are calculated based on discounted cash flow analysis using appropriate market information for the duration of the instruments.
Table:
 | 2019 Fair value | 2019 Carrying value | 2018 Carrying value | 2018 Fair value
 | £m | £m | £m | £m
Financial assets: |  |  |  | 
Cash and cash equivalents | 168.5 | 168.5 | 187.1 | 187.1
Trade, other receivables and contract assets | 263.4 | 263.4 | 264.9 | 264.9
Total financial assets | 431.9 | 431.9 | 452.0 | 452.0


Question: In which year was the carrying value for trade, other receivables and contract assets larger?
Answer: 2018
Calculation: 264.9>263.4
The maximum exposure to credit risk for trade receivables at the reporting date by type of customer was:
The Group’s most significant customer accounts for £0.5m (2018: £0.6m) of net trade receivables as at 31 March 2019.
Table:
 | 2019 | 2018
 | £m | £m
Retailers | 20.4 | 21.7
Manufacturer and Agency | 3.2 | 3.0
Other | 1.3 | 0.7
Total | 24.9 | 25.4


Question: What was the change in Other in 2019 from 2018?
Answer: 0.6
Calculation: 1.3-0.7
Taxes
At €298 million (2017/18: €216 million), recognised income tax expenses are €81 million higher than the previous year’s figures.
During the reporting period, the group tax rate for the continuing segment is 42.0% (2017/18: 37.6%). The group tax rate represents the relationship between recognised income tax expenses and earnings before taxes. The increase in the ratio in the current financial year is mainly attributable to impairments on deferred taxes on loss carry-forwards in Germany. The comparatively low ratio in the previous year includes positive one-off tax effects such as tax rate changes abroad and the reduction for risk provisions.
For more information about income taxes, see the notes to the consolidated financial statements in no. 12 – income taxes page 206 .
1 Adjustment of previous year according to explanation in notes.
Table:
€ million | 2017/2018 | 2018/2019
Actual taxes | 173 | 215
thereof Germany | (14) | (9)
thereof international | (159) | (206)
thereof tax expenses/income for the current period | (194) | (221)
thereof tax expenses/income of previous periods | (−21) | (−6)
Deferred taxes | 43 | 83
thereof Germany | (39) | (104)
thereof international | (4) | (−21)
 | 216 | 298


Question: In which year was the total amount of taxes larger?
Answer: 2018/2019
Calculation: 298>216
Comparison of Fiscal Year Ended September 27, 2019 to Fiscal Year Ended September 28, 2018
Revenue. In fiscal year 2019, our revenue decreased by $70.7 million, or 12.4%, to $499.7 million from $570.4 million for fiscal year 2018. Revenue from our primary markets, the percentage of change between the years and revenue by primary markets expressed as a percentage of total revenue were (in thousands, except percentages):
In fiscal year 2019, our Telecom market revenue decreased by $42.0 million, or 18.8%, compared to fiscal year 2018. The decrease was primarily due to the full year effect of our May 2018 sale of the Japan-based long-range optical subassembly business (the "LR4 Business"), lower sales of carrier-based optical semiconductor products to our Asia customer base, as well as lower sales of products targeting fiber to the home applications.
In fiscal year 2019, our Data Center market revenue decreased by $48.0 million, or 29.6%, compared to fiscal year 2018. The decrease was primarily due to lower revenue related to sales of legacy optical products and lasers, partially offset by the recognition of $7.0 million of licensing revenue during the fiscal year ended September 27, 2019.
In fiscal year 2019, our I&D market revenues increased by $19.3 million, or 10.4%, compared to fiscal year 2018. The increase was related to higher revenue from sales across the product portfolio.
Table:
 | Fiscal Years |  | 
 | 2019 | 2018 | % Change
Telecom | $180,938 | $ 222,940 | (18.8)%
Data Center | 114,132 | 162,098 | (29.6)%
Industrial & Defense | 204,638 | 185,360 | 10.4 %
Total | $499,708 | $ 570,398 | (12.4)%
Telecom | 36.2% | 39.1% | 
Data Center | 22.8% | 28.4% | 
Industrial & Defense | 41.0% | 32.5% | 
 Total | 100.0% | 100.0% | 


Question: What was the decrease in the revenue in 2019?
Answer: $70.7 million
NOTE 19—RESTRUCTURING
In 2019, we initiated projects to restructure and modify our supply chain strategy, functional responsibilities, methods, capabilities, processes and rationalize suppliers with the goal of reducing ongoing costs and increasing the efficiencies of our worldwide procurement organization. The majority of the costs associated with these restructuring activities are related to consultants that we have engaged in connection with these efforts, and such costs have been recognized by our corporate entity. The total costs of this restructuring project are expected to exceed amounts incurred to date by $0.9 million and these efforts are expected to be completed early in fiscal 2020. Also, in fiscal 2019 our CTS and CGD segments incurred restructuring charges, consisting primarily of employee severance costs related to headcount reductions initiated to optimize our cost positions. The total costs of each of these restructuring plans initiated thus far are not expected to be significantly greater than the charges incurred to date.
Our fiscal 2018 restructuring activities related primarily to expenses incurred by our corporate entity to establish a North American shared services center. Our fiscal 2017 restructuring activities included corporate efforts to increase the centralization and efficiency of our manufacturing processes, as well as restructuring charges incurred by our CGD businesses related to the elimination of a level of management in the CGD simulator business.
Restructuring charges incurred by our business segments were as follows (in millions):
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
Restructuring costs: |  |  | 
Cubic Transportation Systems | $  3.2 | $  0.4 | $  0.4
Cubic Mission Solutions | — | 0.2 | —
Cubic Global Defense | 3.3 | 1.3 | 0.9
Unallocated corporate expenses | 8.9 | 3.1 | 1.0
Total restructuring costs | $  15.4 | $  5.0 | $  2.3


Question: What did the restructuring activities in 2017 include?
Answer: corporate efforts to increase the centralization and efficiency of our manufacturing processes, as well as restructuring charges incurred by our CGD businesses related to the elimination of a level of management in the CGD simulator business
Contract costs As discussed in the Significant Accounting Policies Note, Topic 606 requires the recognition of an asset for incremental costs to obtain a customer contract, which is then amortized to expense, over the respective period of expected benefit. The Partnership recognizes a contract asset for incremental commission costs paid to Verizon Wireless personnel and agents in conjunction with obtaining customer contracts.
The costs are only deferred when it is determined the commissions are incremental costs that would not have been incurred absent the customer contract and are expected to be recovered. Costs to obtain a contract are amortized and recorded ratably as commission expense over the period representing the transfer of goods or services to which the assets relate. Costs to obtain contracts are amortized over the customers' estimated device upgrade cycle of two to three years, as such costs are typically incurred each time a customer upgrades their equipment.
The amortization periods for the costs incurred to obtain a customer contract is determined at a portfolio level due to the similarities within these customer contract portfolios. Other costs, such as general costs or costs related to past performance obligations, are expensed as incurred. Deferred contract costs are classified as current or non-current within prepaid expenses and other, and other assets – net, respectively. The balances of deferred contract costs as of December 31, 2019 and 2018, included in the balance sheet were as follows:
For the years ended December 31, 2019 and 2018, the Partnership recognized expense of $3,126 and $2,161, respectively, associated with the amortization of deferred contract costs, primarily within selling, general and administrative expenses in the statements of income.
Deferred contract costs are assessed for impairment on an annual basis. An impairment charge is recognized to the extent the carrying amount of a deferred cost exceeds the remaining amount of consideration expected to be received in exchange for the goods and services related to the cost, less the expected costs related directly to providing those goods and services that have not yet been recognized as expenses. There have been no impairment charges recognized for the year ended December 31, 2019 and 2018.
Table:
 | 2019 | 2018
Assets |  | 
Prepaid expenses and other | $ 3,027 | $ 2,347
Other assets - net | 1,824 | 1,831
Total | $ 4,851 | $ 4,178


Question: What was the increase / (decrease) in the prepaid expenses and other assets from 2018 to 2019?
Answer: 680
Calculation: 3,027 - 2,347
common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors . we have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations . in the future , we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions . there were no repurchases of our series a and b common stock during the three months ended december 31 , 2013 . the company first announced its stock repurchase program on august 3 , 2010 . stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2008 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2009 , 2010 , 2011 , 2012 and 2013 . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .

Table:
 | december 312008 | december 312009 | december 312010 | december 312011 | december 312012 | december 312013
disca | $ 100.00 | $ 216.60 | $ 294.49 | $ 289.34 | $ 448.31 | $ 638.56
discb | $ 100.00 | $ 207.32 | $ 287.71 | $ 277.03 | $ 416.52 | $ 602.08
disck | $ 100.00 | $ 198.06 | $ 274.01 | $ 281.55 | $ 436.89 | $ 626.29
s&p 500 | $ 100.00 | $ 123.45 | $ 139.23 | $ 139.23 | $ 157.90 | $ 204.63
peer group | $ 100.00 | $ 151.63 | $ 181.00 | $ 208.91 | $ 286.74 | $ 454.87
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2014 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .

Question: what was the percentage cumulative total shareholder return on disca for the five year period ended december 21 , 2013?
Answer: 502.08%
Calculation: subtract(602.08, const_100), divide(#0, const_100)
Cash Flows
The following table summarizes our cash flows for the years ended December 31, 2019, 2018 and 2017 (in thousands):
At December 31, 2019, $6.7 million of the $539.7 million of cash, cash equivalents and restricted cash was held by foreign subsidiaries. Our intention is to indefinitely reinvest foreign earnings in our foreign subsidiaries. If these earnings were used to fund domestic operations, they would be subject to additional income taxes upon repatriation.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Cash, cash equivalents and restricted cash at beginning of period | $60,068 | $103,051 | $60,765
Cash provided by operating activities | 10,317 | 3,295 | 4,863
Cash used in investing activities | (24,574) | (48,413) | (70,972)
Cash provided by financing activities | 494,101 | 3,099 | 108,475
Effects of exchange rates on cash, cash equivalents and restricted cash | (250) | (964) | (80)
Cash, cash equivalents and restricted cash at end of period | $539,662 | $60,068 | $103,051


Question: What is the change in Cash, cash equivalents and restricted cash at beginning of period from December 31, 2019 to December 31, 2018?
Answer: -42983
Calculation: 60,068-103,051
Contract balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
Accrued income relates to the Group’s rights to consideration for services provided but not invoiced at the reporting date. Accrued income is transferred to receivables when invoiced.
Deferred income relates to advanced consideration received for which revenue is recognised as or when services are provided. Included within deferred income is £11.2m (2018: £nil) relating to consideration received from Auto Trader Auto Stock Limited (which forms part of the Group’s joint venture) for the provision of data services (note 16). Revenue relating to this service is recognised on a straight-line basis over a period of 20 years.
Table:
 | 2019 | 2018
 | £m | £m
Receivables, which are included in trade and other receivables | 27.0 | 28.8
Accrued income | 28.0 | 26.7
Deferred income | (13.2) | (1.8)


Question: What are the components in the table providing information on contract balances?
Answer: Receivables, which are included in trade and other receivables, Accrued income, Deferred income
Semiconductor and IP Licensing Segment
(1) Excludes operating expenses which are not allocated on a segment basis.
Semiconductor and IP Licensing segment revenue for the year ended December 31, 2019 was $81.9 million as compared to $186.4 million for the year ended December 31, 2018, a decrease of $104.5 million. The decrease in revenue was due principally to revenue recorded in 2018 related to the Samsung settlement and license agreement executed in December 2018, partially offset by a one-time payment from a new license agreement signed in December 2019.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Revenue: |  |  | 
Royalty and license fees | $81,943 | $186,425 | $205,809
Total revenue | 81,943 | 186,425 | 205,809
Operating expenses: |  |  | 
Research, development and other related costs | 28,732 | 27,514 | 30,039
Litigation | 3,471 | 26,099 | 36,209
Amortization | 11,871 | 19,906 | 21,590
Total operating expenses (1) | 44,074 | 73,519 | 87,838
Total operating income | $37,869 | $112,906 | $117,971


Question: What was the primary cause of the decrease in revenue in 2019 compared to 2018?
Answer: revenue recorded in 2018 related to the Samsung settlement and license agreement executed in December 2018, partially offset by a one-time payment from a new license agreement signed in December 2019
Consolidated Statements of Financial Position Data:
* Adjusted IFRS balances to reflect the impact of the full retrospective adoption of IFRS 15. See Note 2 of the notes to our consolidated financial statements for further details.
Table:
 |  |  | As of June 30, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  | (U.S. $ in thousands) |  |  | 
 |  | *As Adjusted | *As Adjusted |  | 
Cash and cash equivalents | $1,268,441 | $1,410,339 | $244,420 | $259,709 | $187,094
Short-term investments | 445,046 | 323,134 | 305,499 | 483,405 | 30,251
Derivative assets | 215,233 | 99,995 | 3,252 | — | —
Working capital | (287,597) | 1,377,145 | 296,984 | 542,038 | 50,477
Total assets | 2,977,258 | 2,421,828 | 1,282,117 | 990,973 | 397,161
Deferred revenue | 468,820 | 342,871 | 245,195 | 181,068 | 136,565
Derivative liabilities | 855,079 | 207,970 | — | — | —
Exchangeable senior notes, net | 853,576 | 819,637 | — | — | —
Total liabilities | 2,411,791 | 1,514,508 | 379,424 | 259,310 | 207,107
Share capital | 24,199 | 23,531 | 22,726 | 21,620 | 18,461
Total equity | 565,467 | 907,320 | 902,693 | 731,663 | 190,054


Question: What are the share capital for the years as of June 30, 2015 to 2019 in chronological order?
Answer: 18,461, 21,620, 22,726, 23,531, 24,199
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
13. INCOME TAXES
Beginning in the taxable year ended December 31, 2012, the Company has filed, and intends to continue to file, U.S. federal income tax returns as a REIT, and its domestic TRSs filed, and intend to continue to file, separate tax returns as required. The Company also files tax returns in various states and countries. The Company’s state tax returns reflect different combinations of the Company’s subsidiaries and are dependent on the connection each subsidiary has with a particular state and form of organization. The following information pertains to the Company’s income taxes on a consolidated basis.
The income tax provision from continuing operations consisted of the following:
The effective tax rate (“ETR”) on income from continuing operations for the years ended December 31, 2019, 2018 and 2017 differs from the federal statutory rate primarily due to the Company’s qualification for taxation as a REIT, as well as adjustments for state and foreign items. As a REIT, the Company may deduct earnings distributed to stockholders against the income generated by its REIT operations. In addition, the Company is able to offset certain income by utilizing its NOLs, subject to specified limitations.
Table:
 | 2019 | 2018 | 2017
Current: |  |  | 
Federal | $(1.7) | $(1.4) | $(0.1)
State | (5.0) | (1.8) | (3.8)
Foreign | (48.2) | (189.7) | (113.4)
Deferred: |  |  | 
Federal | 1.4 | 4.0 | 0.2
State | 0.5 | 0.7 | 1.0
Foreign | 53.2 | 298.3 | 85.4
Income tax benefit (provision) | $0.2 | $110.1 | $(30.7)


Question: What was the percentage change in Income tax benefit (provision) between 2018 and 2019?
Answer: -99.82
Calculation: ($0.2-$110.1)/$110.1
Proofpoint, Inc. Notes to Consolidated Financial Statements (Continued) (dollars and share amounts in thousands, except per share amounts)
Per the terms of the share purchase agreement, unvested stock options and unvested restricted stock units held by Meta Networks employees were canceled and exchanged for the Company’s unvested stock options and unvested restricted stock units, respectively. The fair value of $184 of these unvested awards was attributed to pre-combination services and was included in consideration transferred. The fair value of $12,918 was allocated to post-combination services. The unvested awards are subject to the recipient’s continued service with the Company, and $12,918 will be recognized ratably as stock-based compensation expense over the required remaining service period.
Also, as part of the share purchase agreement, the unvested restricted shares of certain employees of Meta Networks were exchanged into the right to receive $7,827 of deferred cash consideration and 72 shares of the Company’s common stock that were deferred with the fair value of $8,599. The deferred cash consideration was presented as restricted cash on the Company’s consolidated balance sheet as of December 31, 2019. The deferred cash consideration of $7,596 and the deferred stock $8,338 (see Note 11 “Equity Award Plans”) were allocated to post-combination expense and were not included in the purchase price. The deferred cash consideration and deferred shares are subject to forfeiture if employment terminates prior to the lapse of the restrictions, and their fair value is expensed as compensation and stock-based compensation expense over the three-year vesting period.
The Cost to Recreate Method was used to value the acquired developed technology asset. Management applied judgment in estimating the fair value of this intangible asset, which involved the use of significant assumptions such as the cost and time to build the acquired technology, developer’s profit and rate of return.
The following table summarizes the fair values of tangible assets acquired, liabilities assumed, intangible assets and goodwill:
Table:
 | Fair value | Estimated Useful Life
 |  | (in years)
Current assets | $356 | N/A
Fixed assets | 68 | N/A
Core/developed technology | 21,000 | 3
Deferred tax liability, net | (1,854) | N/A
Other liabilities | (671) | N/A
Goodwill | 85,869 | Indefinite
 | $104,768 | 


Question: What is the average estimated fair value of Core/developed technology?
Answer: 7000
Calculation: 21,000 / 3
Receivables (payables): The balances with Golar Partners and subsidiaries as of December 31, 2019 and 2018 consisted of the following:
(iii) Interest income on short-term loan, balances due(to)/from Golar Partners and its subsidiaries - Receivables and payables with Golar Partners and its subsidiaries comprise primarily of unpaid management fees and expenses for management, advisory and administrative services, dividends in respect of the Hilli Common Units and other related party arrangements including the Hilli Disposal. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Balances owing to or due from Golar Partners and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business. In November 2019, we loaned $15.0 million to Golar Partners, with interest of LIBOR plus 5.0%. The loan was fully repaid, including interest of $0.1 million, in December 2019.
(vii) Methane Princess lease security deposit movements - This represents net advances from Golar Partners since its IPO, which correspond with the net release of funds from the security deposits held relating to a lease for the Methane Princess. This is in connection with the Methane Princess tax lease indemnity provided to Golar Partners under the Omnibus Agreement. Accordingly, these amounts will be settled as part of the eventual termination of the Methane Princess lease.
Table:
(in thousands of $) | 2019 | 2018
Balances due (to)/from Golar Partners and its subsidiaries (iii) | (2,708) | 4,091
Methane Princess lease security deposit movements (vii) | (2,253) | (2,835)
Total | (4,961) | 1,256


Question: What was the percentage change in total between 2018 and 2019?
Answer: -494.98
Calculation: ((4,961)- 1,256)/1,256