hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Note 15. Stock-Based Compensation
Stock-based compensation expense is included in the following line items in the consolidated statements of operations (in thousands):
Table:
 |  | Year Ended December 31, | 
Stock-based compensation expense data: | 2019 | 2018 | 2017
Sales and marketing | $2,075 | $1,196 | $561
General and administrative | 6,474 | 4,901 | 2,638
Research and development | 12,054 | 7,332 | 4,214
Total stock-based compensation expense | $20,603 | $13,429 | $7,413


Question: What was the change in the Sales and marketing between 2018 and 2019?
Answer: 879
Calculation: 2,075-1,196
Management makes allowance for expected credit loss based on the simplified approach to provide for expected credit losses, which permits the use of the lifetime expected loss provision for all trade receivables. Expected credit loss for receivables overdue more than 180 days is 25%-100%, depending on category. Expected credit loss for receivables overdue more than one year is 100%.
Movements in provisions for impairment of freight receivables during the year are as follows:
Allowance for expected credit loss of freight receivables have been recognized in the income statement under "Port expenses, bunkers and commissions".
Allowance for expected credit loss of freight receivables is calculated using an ageing factor as well as a specific customer knowledge and is based on a provision matrix on days past due.
Table:
USDm | 2019 | 2018 | 2017
Allowance for expected credit loss |  |  | 
Balance as of 1 January | 1.7 | 1.3 | 2.6
Adjustment to prior years | 1.5 | - | -
Provisions for the year | 2.4 | 1.7 | 0.6
Provisions reversed during the year | -1.9 | -1.0 | -1.9
Provisions utilized during the year | - | -0.3 | -
Balance as of 31 December | 3.7 | 1.7 | 1.3


Question: In which year was the Balance as of 1 January the largest?
Answer: 2017
Calculation: 2.6>1.7>1.3
Cash and Cash Equivalents
Highly liquid instruments purchased with original maturities of three months or less are considered cash equivalents. Cash equivalents are invested with high credit quality financial institutions and consist of short-term investments, such as demand deposit accounts, money market accounts, money market funds and time deposits. The carrying amounts of these instruments reported in the Consolidated Balance Sheets approximate their fair value because of their immediate or short-term maturities.
Cash and cash equivalents are unrestricted and include the following (in millions):
Table:
 | December 31, | 
 | 2019 | 2018
Cash | $8.2 | $9.5
Cash equivalents | 7.2 | 10.8
Cash and cash equivalents | $15.4 | $20.3


Question: What was considered by the company to be cash equivalents?
Answer: Highly liquid instruments purchased with original maturities of three months or less
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers.
Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, but where invoicing is delayed until the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the consolidated balance sheet, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from customers in advance of delivery of the related goods and services to the customer. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.
The Company analyzes contract language to identify if a significant financing component does exist, and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction.
During the fiscal years ended June 30, 2019, 2018, and 2017, the Company recognized revenue of $265,946, $269,593, and $264,517, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.
Revenue recognized that related to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price adjustments and re-allocations due to changes in estimates of variable consideration.
Table:
 | June 30, 2019 | June 30, 2018
Receivables, net | $310,080 | $297,271
Contract Assets- Current | 21,446 | 14,063
Contract Assets- Non-current | 50,640 | 35,630
Contract Liabilities (Deferred Revenue)- Current | 339,752 | 328,931
Contract Liabilities (Deferred Revenue)- Non-current | 54,554 | 40,984


Question: What is the current contract assets as at June 30, 2019?
Answer: 21,446
performance graph the annual changes for the period shown december 1 , 2013 ( when our ordinary shares began trading ) to december 31 , 2017 in the graph on this page are based on the assumption that $ 100 had been invested in allegion plc ordinary shares , the standard & poor 2019s 500 stock index ( "s&p 500" ) and the standard & poor's 400 capital goods index ( "s&p 400 capital goods" ) on december 1 , 2013 , and that all quarterly dividends were reinvested . the total cumulative dollar returns shown on the graph represent the value that such investments would have had on december 31 , 2017 . december 1 , december 31 , december 31 , december 31 , december 31 , december 31 .

Table:
 | december 1 2013 | december 31 2013 | december 31 2014 | december 31 2015 | december 31 2016 | december 31 2017
allegion plc | 100.00 | 102.20 | 129.03 | 154.37 | 150.97 | 189.19
s&p 500 | 100.00 | 102.53 | 116.57 | 118.18 | 132.31 | 161.20
s&p 400 capital goods | 100.00 | 104.58 | 104.84 | 99.07 | 130.70 | 162.97
.

Question: considering the final year of the investment , what was the highest return for the initial 100$ ?
Answer: 89.19
Calculation: subtract(189.19, 100)
Foreign Sales
Revenues in each of the Company’s segments include sales to foreign governments or to companies located in foreign countries. For the years ended April 30, 2019 and 2018, revenues, based on the location of the procurement entity and excluding intersegment sales, were derived from the following countries (in thousands):
Table:
 | 2019 | 2018
Belgium | $49 | $64
France | 40 | 154
China | 359 | 512
Russia | 2 | 302
Germany | 36 | 143
Italy | 159 | 110
South Korea | - | 314
Singapore | 215 | 376
Other | 525 | 469
 | $1,361 | $ 2,444


Question: What is the average revenue from Singapore in 2018 and 2019?
Answer: 295.5
Calculation: (215+ 376)/2
NOTE 7. INVENTORIES
The following table details the components of inventories (in thousands).
Table:
 | December 31 | 
 | 2019 | 2018
Finished goods | $698 | $853
Raw materials | 90 | 3
Packaging | 110 | 102
Inventories | $ 898 | $ 958


Question: What is the average value of packaging in 2018 and 2019?
Answer: 106
Calculation: (110 + 102)/2
Openreach has a UK-wide presence which is overlapped by our competitors in around half the country. This overlap is expected to grow as alternative network providers build-out new fibre footprint. Our volume discount deal, signed with the majority of our major communications provider customers, has led to another record quarter for fibre sales. We are also rapidly expanding our fibre-to-the-premises network to provide the next generation of services for our customers. We have experienced strong demand from businesses for Ethernet circuits for the second consecutive quarter.
Adjusteda revenue decline of 4% for the year was driven by regulated price reductions predominantly on FTTC and Ethernet products, non-regulated price reductions (mainly driven by communications providers signing up for fibre volume discounts), a small decline in our physical line base and a reclassification of costs to revenue. This was partly offset by 25% growth in our fibre rental base, a 9% increase in our Ethernet rental base and the impact of adopting IFRS 15.
Adjusteda operating costs were broadly flat, with higher costs from recruiting and training engineers to support our ‘Fibre First’ programme and help improve customer experience, as well as pay inflation and business rates, offset by efficiency savings and a reclassification of costs to revenue. Adjusteda EBITDA was down 7% for the year.
Capital expenditure was £2.1bn, up 22%, driven by investment in our FTTP and Gfast network build and higher year-on-year BDUK net grant funding deferrals, partly offset by efficiency savings.
Normalised free cash flowb was down 38% due to the EBITDA decline, higher underlying capital expenditure (excluding BDUK grant funding deferrals) and timing of customer receipts.
a Adjusted measures exclude specific items, as explained in the Additional Information on page 185. b Free cash flow after net interest paid, before pension deficit payments (including the cash tax benefit of pension deficit payments) and specific items. c Openreach comparatives have been re-presented to reflect the transfer of Northern Ireland Networks from Enterprise to Openreach.
Table:
Openreachc |  |  |  | 
Adjusteda revenue £5,075m |  |  | Adjusteda operating profit £955m | 
 | 2019 (IFRS 15) | 2018 (IAS 18) | Change | 
Year to 31 March | £m | £m | £m | %
Adjusted a revenue | 5,075 | 5,278 | (203) | (4)
Adjusted a operating costs | 2,652 | 2,663 | (11) | –
Adjusted a EBITDA | 2,423 | 2,615 | (192) | (7)
Depreciation & amortisation | 1,468 | 1,401 | 67 | 5
Adjusted a operating profit | 955 | 1,214 | (259) | (21)
Capital expenditure | 2,081 | 1,699 | 382 | 22
Normalised free cash flowb | 685 | 1,100 | (415) | (38)


Question: What was the reason for decrease in Adjusteda revenue decline?
Answer: driven by regulated price reductions predominantly on FTTC and Ethernet products, non-regulated price reductions (mainly driven by communications providers signing up for fibre volume discounts), a small decline in our physical line base and a reclassification of costs to revenue
Note 23. Defined Benefit Pension Plan and Postretirement Benefits
Defined Benefit Pension Plans
The Company sponsors non-contributory defined benefit pension plans (the “Pension Plans”) for its covered employees in the Philippines. The Pension Plans provide defined benefits based on years of service and final salary. All permanent employees meeting the minimum service requirement are eligible to participate in the Pension Plans. As of December 31, 2019, the Pension Plans were unfunded. The Company expects to make no cash contributions to its Pension Plans during 2020.
The following table provides a reconciliation of the change in the benefit obligation for the Pension Plans and the net amount recognized, included in “Other long-term liabilities,” in the accompanying Consolidated Balance Sheets (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Balance at the beginning of the period | $3,282 | $3,642
Service cost | 405 | 448
Interest cost | 254 | 196
Actuarial (gains) losses | (108) | (783)
Benefits paid | (22) | (32)
Effect of foreign currency translation | 122 | (189)
Balance at the end of the period | $3,933 | $3,282
Unfunded status | (3,933) | (3,282)
Net amount recognized | $(3,933) | $(3,282)


Question: What was the percentage change in interest cost in 2019 from 2018?
Answer: 29.59
Calculation: (254-196)/196
6. Property, Plant and Equipment
Property, plant and equipment consisted of the following (in thousands):
Depreciation expense was $51.7 million, $51.1 million and $48.8 million in fiscal years 2019, 2018 and 2017, respectively.
The Company maintains insurance for both property damage and business interruption relating to catastrophic events, such as fires. Insurance recoveries received for property damage and business interruption in excess of the net book value of damaged assets, clean-up and demolition costs, and post-event costs are recognized as income in the period received or committed when all contingencies associated with the recoveries are resolved. Gains on insurance recoveries related to business interruption are recorded within “Cost of sales” and any gains or losses related to property damage are recorded within “Other income (expense).” Insurance recoveries related to business interruption are classified as operating cash flows and recoveries related to property damage are classified as investing cash flows in the statement of cash flows. Insurance claims incurred or finalized during the fiscal years ended 2019, 2018, and 2017 did not have a material affect on the Company's consolidated financial statements.
Table:
 | June 1, 2019 | June 2, 2018
Land and improvements | $93,046 | $90,757
Buildings and improvements | 370,451 | 360,030
Machinery and equipment | 496,166 | 478,997
Construction-in-progress | 52,551 | 9,307
 | 1,012,214 | 939,091
Less: accumulated depreciation | 555,920 | 513,707
 | $456,294 | $425,384


Question: What is the percentage increase in accumulated depreciation from 2018 to 2019?
Answer: 8.22
Calculation: 555,920 / 513,707 - 1
Key Performance Indicators
Key performance indicators, which we do not consider to be non-GAAP measures, that we use to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections and make strategic decisions include Monthly Recurring Revenue ("MRR") and Gross Merchandise Volume ("GMV"). Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other companies.
The following table shows MRR and GMV for the years ended December 31, 2019 and 2018.
Table:
 | Years ended December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Monthly Recurring Revenue | $53,898 | $40,932
Gross Merchandise Volume | $61,138,457 | $41,103,238


Question: What is the average monthly recurring revenue for 2018 and 2019?
Answer: 47415
Calculation: (53,898+40,932)/2
Expense
For the years ended December 31, 2019, 2018, and 2017, Teradyne’s net periodic postretirement benefit cost (income) was comprised of the following:
Table:
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Components of Net Periodic Postretirement Benefit |  |  | 
Cost (income): |  |  | 
Service cost | $41 | $39 | $34
Interest cost | 347 | 196 | 201
Amortization of prior service credit | (191) | (373) | (496)
Net actuarial loss | 717 | 25 | 398
Special termination benefits | — | 3,708 | 591
Total net periodic postretirement benefit cost | 914 | 3,595 | 728
Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income: |  |  | 
Prior service cost | — | — | —
Reversal of amortization items: |  |  | 
Prior service credit | 191 | 373 | 496
Total recognized in other comprehensive income | 191 | 373 | 496
Total recognized in net periodic postretirement cost and other comprehensive income | $1,105 | $3,968 | $1,224


Question: For which years was  Teradyne’s net periodic postretirement benefit cost (income) calculated?
Answer: 2019, 2018, 2017
Finite-lived Intangible Assets
Other intangible assets, net consisted of the following:
The remaining $152 of intangible asset at December 31, 2019 is expected to be amortized in 2020.
Table:
 |  | December 31,
 | 2019 | 2018
Recipes | $ 44 | $ 44
Customer lists and other customer related intangibles | 4,529 | 4,529
Customer relationships | 985 | 985
Trade names | 2,248 | 2,248
Formula | 438 | 438
 | 8,244 | 8,244
Accumulated amortization | (8,092 ) | (7,900 )
Intangible assets, net | $ 152 | $ 344


Question: What is the value of the intangible asset at December 31, 2019 expected to be amortized in 2020?
Answer: $152
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 31838 route miles . we own 26009 miles and operate on the remainder pursuant to trackage rights or leases . the following table describes track miles at december 31 , 2013 and 2012 . 2013 2012 .

Table:
 | 2013 | 2012
route | 31838 | 31868
other main line | 6766 | 6715
passing lines and turnouts | 3167 | 3124
switching and classification yard lines | 9090 | 9046
total miles | 50861 | 50753
headquarters building we maintain our headquarters in omaha , nebraska .
the facility has 1.2 million square feet of space for approximately 4000 employees and is subject to a financing arrangement .
harriman dispatching center the harriman dispatching center ( hdc ) , located in omaha , nebraska , is our primary dispatching facility .
it is linked to regional dispatching and locomotive management facilities at various locations along our .

Question: what is the percent of the owned and operated of the rail network route miles
Answer: 81.7%
Calculation: divide(26009, 31838)
Unrecognized Tax Benefits
Activity related to unrecognized tax benefits is as follows (in thousands):
During the year ended July 31, 2019, the Company’s unrecognized tax benefits increased by $1.3 million, primarily associated with the Company’s U.S. Federal and California R&D credits. As of July 31, 2019, the Company had unrecognized tax benefits of $6.2 million that, if recognized, would affect the Company’s effective tax rate. An estimate of the range of possible change within the next 12 months cannot be made at this time.
The Company, or one of its subsidiaries, files income taxes in the U.S. Federal jurisdiction and various state and foreign jurisdictions. If the Company utilizes net operating losses or tax credits in future years, the U.S. Federal, state and local, and non-U.S. tax authorities may examine the tax returns covering the period in which the net operating losses and tax credits arose. As a result, the Company’s tax returns in the U.S. and California remain open to examination from fiscal years 2002 through 2019. As of July 31, 2019, the Company has no income tax audits in progress in the U.S. or foreign jurisdictions.
Table:
 |  | Fiscal years ended July 31, | 
 | 2019 | 2018 | 2017
Unrecognized tax benefit - beginning of period | $10,321 | $9,346 | $7,687
Gross increases - prior period tax positions | 98 | 729 | 712
Gross decreases - prior period tax positions | (88) | (878) | (691)
Gross increases - current period tax positions | 1,302 | 1,124 | 1,638
Unrecognized tax benefit - end of period | $11,633 | $10,321 | $9,346


Question: What was the average Unrecognized tax benefit - beginning of period for 2017-2019?
Answer: 10433.33
Calculation: (11,633 + 10,321 + 9,346) / 3
Single figure table for total remuneration (audited)
Single figure for the total remuneration received by each executive director for the 52 weeks ended 30 March 2019 (2018/19) and 31 March 2018 (2017/18).
Gavin Darby
Mr Darby received a basic salary of £700,000 per annum and a salary supplement in lieu of pension of 20% of base salary on a pro rata basis for the period up to 31 January 2019. Mr Darby received a pro rata bonus of £525,500 for the financial period to 31 January 2019. Benefits were provided for the period up to 31 January 2019 relating to the provision of an executive driver service, private health insurance and annual medical assessment.
Alastair Murray
Mr Murray received a basic salary for the period of £416,201 per annum and an annualised supplement in lieu of pension of 7.5% of the Earnings Cap (£160,800 for the 2018/19 tax year) which equates to £12,060 for the period together with an additional RPI adjusted pensions supplement of £24,348. He was appointed Acting CEO on 1 February 2019, in addition to his current role of Chief Financial Officer, on a temporary basis whilst the Board conducts a search process for a new CEO.
In recognition of this significant additional responsibility, it was agreed that Mr Murray would receive a monthly salary supplement of £20,000 (which does not count towards pension, annual bonus or long-term incentives) whilst he carries out this role.
Mr Murray received a bonus of £231,615 for the financial period. Benefits related to the provision of a company car, use of an executive driver service (following his appointment as Acting CEO) and private health insurance. In line with the current Remuneration Policy, one-third of his annual bonus award will be in the form of shares deferred for three years.
Full details of the annual bonus performance assessments for Mr Darby and Mr Murray are set out on pages 53 to 55.
Table:
 | Gavin Darby |  | Alastair Murray | 
 | 2018/19 | 2017/18 | 2018/19 | 2017/18
 | £’000 | £’000 | £’000 | £’000
Salary | 583 | 700 | 416 | 408
Salary supplement | – | – | 40 | –
Taxable benefits | 17 | 22 | 27 | 24
Pension | 117 | 140 | 36 | 35
Annual Bonus | 525 | 368 | 232 | 153
Share based awards | – | – | – | –
Total | 1,242 | 1,230 | 751 | 620


Question: What was the basic salary per annum of Mr Darby in 2017/18?
Answer: £700,000
The following table summarizes activity for the interest rate swap:
There were no transfers between Level 1, Level 2 or Level 3 fair value hierarchy categories of financial instruments in the years ended December 31, 2019 and 2018.
Financial Instruments Not Recorded at Fair Value on a Recurring Basis
Some of the Company’s financial instruments are not measured at fair value on a recurring basis but are recorded at amounts that approximate fair value due to their liquid or short-term nature. Such financial assets and financial liabilities include: cash and cash equivalents, restricted cash, net receivables, certain other assets, accounts payable, accrued price protection liability, accrued expenses, accrued compensation costs, and other current liabilities. The Company’s long-term debt is not recorded at fair value on a recurring basis, but is measured at fair value for disclosure purposes (Note8 ).
Table:
 | Fair Value at December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Interest rate swap |  | 
Beginning balance | $1,623 | $734
Unrealized gain (loss) recognized in other comprehensive income (loss) | (1,660) | 889
Ending balance | $(37) | 1,623


Question: What were the transfers between Level 1, Level 2 and Level 3 in 2019 and 2018?
Answer: There were no transfers between Level 1, Level 2 or Level 3
As at December 31, 2019, we had US$8.3 billion of US dollardenominated senior notes and debentures, all of which were hedged using debt derivatives.
1 US dollar-denominated long-term debt reflects the hedged exchange rate and the hedged interest rate.
2 Pursuant to the requirements for hedge accounting under IFRS 9, Financial instruments, as at December 31, 2019 and December 31, 2018, RCI accounted for 100% of its debt derivatives related to senior notes as hedges against designated US dollar-denominated debt. As a result, as at December 31, 2019 and 2018, 100% of our US dollar-denominated senior notes and debentures are hedged for accounting and economic purposes.
3 Borrowings include long-term debt, including the impact of debt derivatives, and short-term borrowings associated with our US CP and accounts receivable securitization programs.
Table:
 | As at December 31 | 
(In millions of dollars, except exchange rates, percentages, and years) | 2019 | 2018
US dollar-denominated long-term debt 1 | US$ 8,300 | US$ 6,050
Hedged with debt derivatives | US$ 8,300 | US$ 6,050
Hedged exchange rate | 1.1932 | 1.1438
Percent hedged2 | 100.0% | 100.0%
Amount of borrowings at fixed rates 3 |  | 
Total borrowings | $ 17,496 | $ 15,320
Total borrowings at fixed rates | $ 15,254 | $ 13,070
Percent of borrowings at fixed rates | 87.2% | 85.3%
Weighted average interest rate on borrowings | 4.30% | 4.45%
Weighted average term to maturity | 14.1 years | 10.7 years


Question: What was the increase / (decrease) in Total borrowings from 2018 to 2019?
Answer: 2176
Calculation: 17,496 - 15,320