hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Foreign Currencies
As a multinational business, the Company's transactions are denominated in a variety of currencies. When appropriate, the Company uses forward foreign currency contracts to reduce its overall exposure to the effects of currency fluctuations on its results of operations and cash flows. The Company's policy prohibits trading in currencies for which there are no underlying exposures and entering into trades for any currency to intentionally increase the underlying exposure.
The Company primarily hedges existing assets and liabilities associated with transactions currently on its balance sheet, which are undesignated hedges for accounting purposes.
As of December 31, 2019 and 2018, the Company had net outstanding foreign exchange contracts with net notional amounts of $183.3 million and $157.3 million, respectively. Such contracts were obtained through financial institutions and were scheduled to mature within one to three months from the time of purchase.
Management believes that these financial instruments should not subject the Company to increased risks from foreign exchange movements because gains and losses on these contracts should offset losses and gains on the underlying assets, liabilities and transactions to which they are related.
The following schedule summarizes the Company's net foreign exchange positions in U.S. dollars (in millions):
Amounts receivable or payable under the contracts are included in other current assets or accrued expenses in the accompanying Consolidated Balance Sheets. For the years ended December 31, 2019, 2018 and 2017, realized and unrealized foreign currency transactions totaled a loss of $5.0 million, $8.0 million and $6.3 million, respectively. The realized and unrealized foreign currency transactions are included in other income and expenses in the Company's Consolidated Statements of Operations and Comprehensive Income.
Table:
 |  | As of December 31, |  | 
 | 2019 |  | 2018 | 
 | Buy (Sell) | Notional Amount | Buy (Sell) |  Notional Amount
Japanese Yen | $49.8 | $49.8 | $29.9 | $29.9
Philippine Peso | 36.4 | 36.4 | 30.1 | 30.1
Malaysian Ringgit | 20.4 | 20.4 | — | —
Chinese Yuan | 20.2 | 20.2 | 20.4 | 20.4
Korean Won | 18.1 | 18.1 | 20.8 | 20.8
Czech Koruna | 11.9 | 11.9 | 9.2 | 9.2
Euro | — | — | 13.1 | 13.1
Other currencies - Buy | 21.9 | 21.9 | 26.3 | 26.3
Other currencies - Sell | (4.6) | 4.6 | (7.5) | 7.5
 | $174.1 | $183.3 | $142.3 | $157.3


Question: What is the change in Philippine Peso Buy position from year ended December 31, 2018 to 2019?
Answer: 6.3
Calculation: 36.4-30.1
Note: Net loss equals to comprehensive loss for all years presented.
(1) Net loss per share and weighted average shares, basic and diluted are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019.
The accompanying notes form an integral part of these Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts)
Table:
 | 2019 | 2018 | 2017
Statements of Operations: |  |  | 
Revenue | $10,310 | $12,629 | $12,149
Cost of revenue | 4,405 | 6,295 | 6,627
Gross profit | 5,905 | 6,334 | 5,522
Operating expenses: |  |  | 
Research and development | 12,350 | 9,948 | 9,572
Selling, general and administrative | 8,918 | 9,982 | 9,900
Loss from operations | (15,363) | (13,596) | (13,950)
Interest expense | (350) | (108) | (115)
Interest income and other expense, net | 189 | 77 | 21
Loss before income taxes | (15,524) | (13,627) | (14,044)
(Benefit from) Provision for income taxes | (80) | 152 | 87
Net loss | $(15,444) | $(13,779) | $(14,131)
Net loss per share: (1) |  |  | 
Basic and diluted | $(2.02) | $(2.16) | $(2.56)
Weighted average shares: |  |  | 
Basic and diluted | 7,663 | 6,365 | 5,521


Question: What are the respective gross profit in 2018 and 2019?
Answer: 6,334, 5,905
Note 19 – Summarized Quarterly Financial Data (Unaudited)
The following table presents unaudited quarterly operating results for each of our last eight fiscal quarters. This information has been prepared on a basis consistent with our audited financial statements and includes all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation of the data.
UNAUDITED QUARTERLY OPERATING RESULTS
(In thousands, except for per share amounts)
(1) Assumes exercise of dilutive securities calculated under the treasury stock method.
Table:
Three Months Ended | March 31, 2019 | June 30, 2019 | September 30, 2019 | December 31, 2019
Net sales | $143,791 | $156,391 | $114,092 | $115,787
Gross profit | $60,612 | $65,015 | $46,331 | $47,209
Operating income (loss) | $(6,167) | $562 | $(20,288) | $(14,070)
Net income (loss) | $770 | $3,995 | $(46,123) | $(11,624)
Earnings (loss) per common share - basic | $0.02 | $0.08 | $(0.96) | $(0.25)
Earnings (loss) per common share - diluted | $0.02(1) | $0.08(1) | $(0.96) | $(0.25)


Question: What was the net sales in Three Months Ended March 31, 2019?
Answer: $143,791
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Note 6. Property, Equipment and Software
Property, equipment and software were as follows as of the dates indicated.
Table:
 | December 31, | 
 | 2019 | 2018
Furniture | $2,907 | $2,813
Leasehold improvements | 4,902 | 4,171
Computer hardware | 2,494 | 2,923
Software | 20,126 | 8,344
Total property, equipment and software, at cost | 30,429 | 18,251
Less: accumulated depreciation | (5,701) | (5,462)
Less: accumulated amortization | (6,419) | (2,557)
Total property, equipment and software, net | $18,309 | $10,232


Question: What was the amount of Furniture in 2018?
Answer: 2,813
NOTE 8. PROPERTY AND EQUIPMENT
The following table details the components of property and equipment (amounts in thousands).
Amounts payable for property and equipment included in accounts payable totaled $0.1 million at December 31, 2019, and $0.2 million at December 31, 2018. During 2019, we financed the purchase of $0.3 million of property with finance leases and equipment notes. Assets which had not yet been placed in service, included in property and equipment, totaled $1.5 million at December 31, 2019, and $2.2 million at December 31, 2018.
Table:
 | December 31 |  | 
 | 2019 | 2018 | Estimated Useful Lives
Land | $730 | $585 | 
Furniture and fixtures | 476 | 430 | 5-10 years
Plant | 9,667 | 8,613 | 20-40 years, or life of lea
Computer and software | 1,317 | 1,295 | 3-5 years
Leasehold improvements | 2,019 | 681 | 4-15 years, or life of lease
Machinery and equipment | 16,864 | 13,528 | 5-15 years
Property and equipment, cost | 31,073 | 25,132 | 
Less accumulated depreciation | 11,996 | 10,122 | 
Property and equipment, net | $      19,077 | $     15,010 | 


Question: What are the respective values of land in 2018 and 2019?
Answer: $585, $730
Principal Accounting Fees and Services
The following table sets forth fees for services provided by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, ‘‘Deloitte’’) during fiscal 2019 and 2018:
(1) Represents fees for professional services provided in connection with the integrated audit of our annual financial statements and internal control over financial reporting and review of our quarterly financial statements, advice on accounting matters that arose during the audit and audit services provided in connection with other statutory or regulatory filings.
(2) Represents tax compliance and related services.
(3) Represents the annual subscription for access to the Deloitte Accounting Research Tool, which is a searchable on-line accounting database.
Table:
 | 2019 | 2018
Audit fees (1) | $3,454,348 | $3,589,147
Tax fees (2) | 546,618 | 931,017
All other fees (3) | 1,895 | 1,895
Total | $4,002,861 | $4,522,059


Question: What are the types of principal accounting fees and services?
Answer: Audit fees, Tax fees, All other fees
Global Services
Adjusteda revenue £4,735m
£4,735m
Adjusteda operating profit
£135m
Global Services operates in a global market that continues to experience high levels of change driven by both rapid technology innovation and a dynamic competitive landscape. Customers’ demands continue to evolve towards more flexible, on-demand models and new cloud-based and software-defined networking solutions. We continue to execute our Digital Global Services transformation programme to focus our business, standardise our operations, transform our underlying infrastructure, and provide innovative solutions to address the changing demands of our customers. We are focused on around 800 multinational companies and financial institutions served by three global industry verticals.
Adjusteda revenue for the year was down 6%, in line with our strategy to de-emphasise low margin business and including the impact of divestments. This includes a £35m negative impact from foreign exchange movements, primarily reflecting lower IP Exchange volumes and equipment sales.
Adjusteda operating costs for the year were down 8% mainly reflecting the decline in IP Exchange volumes and equipment sales and lower labour costs from our ongoing restructuring programme. Adjusteda EBITDA for the year was up £71m reflecting the reduction in operating costs and certain one-offs, more than offsetting the impact of lower revenue.
Depreciation and amortisation was down 13% for the year due to closure of certain projects in the prior year.
Capital expenditure was down 12% for the year reflecting ongoing rationalisation and our strategy to become a more asset light business. Normalised free cash flowb for the year improved by 151% to £296m, reflecting higher EBITDA, lower capital expenditure and improved working capital.
Total order intake was £3.3bn, down 15% year on year continuing to reflect a shift in customer behaviour, including shorter contract lengths and greater prevalence of usage-based terms.
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:
 | 2019 (IFRS 15) | 2018 (IAS 18) | Change | 
Year to 31 March | £m | £m | £m | %
Adjusted a revenue | 4,735 | 5,013 | (278) | (6)
Adjusted a operating costs | 4,230 | 4,579 | (349) | (8)
Adjusted a EBITDA | 505 | 434 | 71 | 16
Depreciation & amortisation | 370 | 424 | (54) | (13)
Adjusted a operating profit | 135 | 10 | 125 | 1,250
Capital expenditure | 245 | 278 | (33) | (12)
Normalised free cash flow b | 296 | 118 | 178 | 151


Question: What is the reason for Adjusteda operating costs percentage decrease?
Answer: mainly reflecting the decline in IP Exchange volumes and equipment sales and lower labour costs from our ongoing restructuring programme
Item 2. Properties
Our corporate headquarters are located in Culver City, California, where we occupy facilities totaling approximately 8,000 square feet on a monthto-month basis pursuant to a Shared Services Agreement with NantWorks. We use these facilities for administration, sales and marketing, research and development, engineering, client support, and professional services. In addition, we have 5 U.S. locations across four states and one international location. Our key facilities include the following:
United States
Boston, Massachusetts
Panama City, Florida
Philadelphia, Pennsylvania
Phoenix, Arizona
International
◦ Belfast, Northern Ireland
Note that on February 3, 2020, the Company completed the sale of its Connected Care business which includes the Panama City, Florida property.
We believe that our facilities are adequate to meet our needs in the near term, and that, if needed, suitable additional space will be available to accommodate any expansion of our operations.
The following table outlines our facilities location, square footage, and use:
Table:
City | State | Country | Sq ft | Type | Business Nature/Use
Boston | MA | USA | 31,752 | Lease | Administrative, sales, client support, R&D, engineering, professional services
Panama City | FL | USA | 51,288 | Lease | Administrative, sales, client support, R&D, engineering, professional services
Belfast | NI | UK | 15,500 | Lease | R&D, engineering, administrative
Phoenix | AZ | USA | 4,865 | Lease | Data Centre
Philadelphia | PA | USA | 14,183 | Lease | Administrative, sales, client support, R&D, engineering, professional services
 |  |  | 117,588 |  | 


Question: What is the average square feet of the company's facilities in Belfast and Phoenix?
Answer: 10182.5
Calculation: (15,500 + 4,865)/2
4. Debtors
Amounts owed by Group undertakings are non-interest-bearing, unsecured and have no fixed date of repayment.
Table:
 | 2019 | 2018
 | £m | £m
Amounts owed by Group undertakings | 414.7 | 439.9
Deferred tax asset | 1.2 | 0.8
Total | 415.9 | 440.7


Question: In which year was the Deferred tax asset larger?
Answer: 2019
Calculation: 1.2>0.8
Item 6. Selected Financial Data
The following selected consolidated financial data set forth below was derived from our historical audited consolidated financial statements and should be read in conjunction with Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 8 – Financial Statements and Supplementary Data, and other financial data included elsewhere in this Annual Report on Form 10-K. Our historical results of operations are not indicative of our future results of operations.
(2) Fiscal 2018 and 2017 have been adjusted for our retrospective adoption of the new accounting standard Revenue from Contracts with Customers (ASC 606). Refer to Note 7 – Revenue of the Notes to Consolidated Financial Statements for details.
Table:
 | April 26, 2019 | April 27, 2018 (2) | April 28, 2017 (2) | April 29, 2016 | April 24, 2015
 |  |  |  | (In millions) | 
Cash, cash equivalents and short-term investments | $ 3,899 | $ 5,391 | $ 4,921 | $ 5,303 | $ 5,326
Working capital | $ 1,743 | $ 3,421 | $ 2,178 | $ 2,786 | $ 4,064
Total assets | $ 8,741 | $ 9,991 | $ 9,562 | $ 10,037 | $ 9,401
Total debt | $ 1,793 | $ 1,926 | $ 1,993 | $ 2,339 | $ 1,487
Total deferred revenue and financed unearned services revenue | $ 3,668 | $ 3,363 | $ 3,213 | $ 3,385 | $ 3,197
Total stockholders' equity | $ 1,090 | $ 2,276 | $ 2,949 | $ 2,881 | $ 3,414


Question: How many years did total assets exceed $10,000 million?
Answer: 1
Calculation: 2016
Fiscal 2021 LTIP
Grants made in Fiscal 2019 under the Fiscal 2021 LTIP took effect on August 6, 2018 with the goal of measuring performance over the three year period starting July 1, 2018. The table below illustrates the target value of each element under the Fiscal 2021 LTIP for each Named Executive Officer.
Awards granted in Fiscal 2019 under the Fiscal 2021 LTIP were in addition to the awards granted in Fiscal 2018, Fiscal 2017, and prior years. For details of our previous LTIPs, see Item 11 of our Annual Report on Form 10-K for the appropriate year.
Table:
Named Executive Officer | Performance Share Units | Restricted Share Units | Stock Options | Total
Mark J. Barrenechea | $2,815,000 | $1,407,500 | $1,407,500 | $5,630,000
Madhu Ranganathan | $500,000 | $250,000 | $250,000 | $1,000,000
Muhi Majzoub | $550,000 | $275,000 | $275,000 | $1,100,000
Gordon A. Davies | $500,000 | $250,000 | $250,000 | $1,000,000
Simon Harrison | $218,750 | $109,375 | $109,375 | $437,500


Question: What is Mark J. Barrenechea's Total target value expressed as percentage of total target values for all Named Executive Officer?
Answer: 61.41
Calculation: 5,630,000/(5,630,000+1,000,000+1,100,000+1,000,000+437,500)
Asset position of METRO AG
ASSETS
As of the closing date, METRO had total assets of €18,221 million, which are predominantly comprised of financial assets in the amount of €9,005 million, receivables from affiliated companies at €8,214 million and the usufructuary rights to the METRO and MAKRO brands which were recognised as an intangible asset (€883 million). Cash on hand, bank deposits and cheques amounted to €44 million. The financial assets predominantly consist of shares held in affiliated companies in the amount of €8,964 million which are essentially comprised of shares in the holding for wholesale companies (€6,693 million), in real estate companies (€1,278 million), in service providers (€470 million) and in other companies (€523 million). The financial assets account for 49.4% of the total assets. Receivables from affiliated companies amount to €8,214 million. This corresponds to 45.1% of the total assets. This position contains €6,117 million in receivables from a group-internal transfer of shares in affiliated companies at their carrying values and predominantly reflects the short-term financing requirements of the group companies as of the closing date.
Table:
€ million | 30/9/2018 | 30/9/2019
Non-current assets |  | 
Intangible assets | 1,001 | 939
Tangible assets | 2 | 3
Financial assets | 9.157 | 9,005
 | 10.160 | 9,947
Current assets |  | 
Receivables and other assets | 6,882 | 8,218
Cash on hand, bank deposits and cheques | 335 | 44
 | 7,217 | 8,262
Deferred income | 12 | 12
 | 17,389 | 18,221


Question: What was the change in total assets in FY2019 from FY2018?
Answer: 832
Calculation: 18,221-17,389
Restricted Stock Units (RSUs): RSUs represent the right to receive one share of NortonLifeLock common stock for each vested RSU upon the settlement date, subject to continued employment through each vesting date.
(1) Mr. Clark did not receive an RSU award for FY19.
(2) In FY19, Messrs. Taylor and Noviello, as FY18 NEOs, were granted a mix of PRUs and RSUs at 70% and 30%, respectively. All other executives, other than Mr. Clark, received a mix of PRUs and RSUs at 50% and 50%, respectively.
Table:
NEO | FY19 RSU Award Amount (#)(2) | Grant Date Value ($)
Gregory S. Clark(1) | 0 | 0
Nicholas R. Noviello | 95,416 | 2,106,785
Amy L. Cappellanti-Wolf | 78,620 | 1,683,254
Samir Kapuria | 238,243 | 5,100,783
Scott C. Taylor | 61,339 | 1,354,365


Question: Which NEO has the highest amount of FY19 RSU Award Amount?
Answer: Samir Kapuria
Calculation: 238,243>95,416> 78,620>61,339>0
Restricted Stock Units
The following table summarizes RSU activity in the fiscal years ended September 30, 2019, 2018, and 2017:
The cost of RSUs is determined using the fair value of the Company’s Common Stock on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $6.8 million, $5.9 million, and $4.0 million in stock-based compensation expense related to outstanding RSUs in the fiscal years ended September 30, 2019, 2018, and 2017, respectively. As of September 30, 2019, the Company had approximately $12.2 million of unrecognized compensation expense related to outstanding RSUs expected to be recognized over a weighted-average period of approximately 2.3 years.
Table:
 | Number of Shares | Fair Value Per Share
Outstanding at September 30, 2016 | 2,046,169 | $4.90
Granted | 1,249,224 | $6.61
Settled | (707,174) | $4.81
Canceled | (231,198) | $4.93
Outstanding at September 30, 2017 | 2,357,021 | $5.65
Granted | 1,184,906 | $8.54
Settled | (745,197) | $5.26
Canceled | (216,554) | $7.39
Outstanding at September 30, 2018 | 2,580,176 | $6.92
Granted | 1,147,976 | $9.67
Settled | (881,420) | $6.53
Canceled | (494,245) | $7.70
Outstanding at September 30, 2019 | 2,352,487 | 8.26


Question: What is the ratio of the price of RSUs that were granted to the price of RSUs that were settled between 2018 and 2019?
Answer: 1.93
Calculation: (1,147,976*9.67)/(881,420*6.53)
Plan Assets  The fair value of plan assets, summarized by level within the fair value hierarchy described in Note 20, as of May 26, 2019, 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 | $0.7 | $77.7 | $— | $78.4
Equity securities: |  |  |  | 
U.S. equity securities | 56.3 | 91.8 | — | 148.1
International equity securities | 87.8 | 0.4 | — | 88.2
Fixed income securities: |  |  |  | 
Government bonds | — | 748.3 | — | 748.3
Corporate bonds | — | 2,255.5 | — | 2,255.5
Mortgage-backed bonds | — | 31.1 | — | 31.1
Real estate funds | 0.4 | — | — | 0.4
Net receivables for unsettled transactions | 5.6 | — | — | 5.6
Fair value measurement of pension plan assets in the fair value hierarchy | $150.8 | $3,204.8 | $— | $3,355.6
Investments measured at net asset value |  |  |  | 245.9
Total pension plan assets |  |  |  | $3,601.5


Question: What are Level 1 assets valued based on?
Answer: quoted prices in active markets for identical securities