hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
3. REVENUE FROM CONTRACTS WITH CUSTOMERS
Revenues and related costs on construction contracts are recognized as the performance obligations are satisfied over time in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue and associated profit, will be recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). The cost of uninstalled materials or equipment will generally be excluded from the Company’s recognition of profit, unless specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress.
The following table represents a disaggregation of revenue by customer type from contracts with customers for the years ended December 31, 2019 and 2018:
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
Agricultural, Commercial, and Industrial (ACI) | $28,940 | $33,193
Public Works | 12,128 | 17,986
Residential | 18,762 | 19,786
Total | 59,830 | 70,965


Question: How are revenue and associated profit recognised under ASC 606?
Answer: recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations)
21. Supplemental Data
The following are additional required disclosures and other material items:
Table:
 |  | Years Ended June 30, | 
($ in millions) | 2019 | 2018 | 2017
Cost Data: |  |  | 
Repairs and maintenance costs | $120.4 | $108.0 | $99.1
Cash Flow Data: |  |  | 
Noncash investing and financing activities: |  |  | 
Noncash purchases of property, plant, equipment and software | $16.1 | $16.5 | $13.7
Cash paid (received) during the year for: |  |  | 
Interest payments, net | $27.6 | $29.5 | $27.7
Income tax payments (refunds), net | $27.5 | $33.7 | $(33.3)


Question: In which year was Repairs and maintenance costs the largest?
Answer: 2019
Calculation: 120.4>108.0>99.1
15. Product Warranties
The Company generally provides its customers with a one-year warranty regarding the manufactured quality and functionality of its products. For some limited products, the warranty period has been extended. The Company establishes warranty reserves based on its product history, current information on repair costs and annual sales levels. As of April 30, 2019, and 2018, respectively, changes in the carrying amount of accrued product warranty costs, reported in accrued expenses on the consolidated balance sheet, were as follows (in thousands):
Table:
 | 2019 | 2018
Balance at beginning of year | $520 | $557
Warranty costs incurred | (398) | (40)
Product warranty accrual | 407 | 3
Balance at end of year | $529 | $520


Question: How does the company establish warranty reserves?
Answer: based on its product history, current information on repair costs and annual sales levels
Our 2019 net revenues decreased 1.1% compared to the prior year, primarily due to a decrease in volumes of approximately 8%, partially compensated by an increase in average selling prices of approximately 7%. The increase in the average selling prices was driven by favorable product mix of approximately 10%, partially offset by a negative pricing effect of approximately 3%.
Our 2018 net revenues increased 15.8% compared to the prior year, primarily due to increase in average selling prices of approximately 16%, while volumes remained substantially flat. The increase in the average selling prices was driven by favorable product mix of approximately 18%, partially offset by a negative pricing effect of approximately 2%. Our net revenues registered double-digit growth across all product groups and geographies.
In 2019, 2018 and 2017, our largest customer, Apple, accounted for 17.6%, 13.1% and 10.5% of our net revenues, respectively, reported within our three product groups.
Table:
 | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | % Variation | % Variation
 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
 | (in millions) | (in millions) | (in millions) |  | 
Net sales | $9,529 | $9,612 | $8,308 | (0.9)% | 15.7%
Other revenues | 27 | 52 | 39 | (49.0) | 36.1
Net revenues | $9,556 | $9,664 | $8,347 | (1.1)% | 15.8%


Question: Why did the 2018 net revenues increased 15.8% compared to the prior year?
Answer: increase in average selling prices of approximately 16%, while volumes remained substantially flat.
Note: The Company adopted IFRS 16 on January 1, 2019. The Company elected not to restate prior periods in accordance with the transition provision in IFRS 16.
Financial risk management objectives and policies
The Company’s risk management objectives are to manage the market risk, credit risk and liquidity risk related to its operating activities. The Company identifies, measures and manages the aforementioned risks based on policy and risk preference.
The Company has established appropriate policies, procedures and internal controls for financial risk management. Before entering into significant financial activities, approval process by the Board of Directors and Audit Committee must be carried out based on related protocols and internal control procedures. The Company complies with its financial risk management policies at all times.
Table:
Financial Assets | As of December 31, | 
 | 2018 | 2019
 | NT$ | NT$
 | (In Thousands) | (In Thousands)
Financial assets at fair value through profit or loss | $12,084,297 | $14,021,473
Financial assets at fair value through other comprehensive income | 11,585,477 | 14,723,232
Financial assets measured at amortized cost |  | 
Cash and cash equivalents (excludes cash on hand) | 83,655,648 | 95,486,403
Receivables | 24,583,451 | 26,459,392
Refundable deposits | 2,757,399 | 2,600,733
Other financial assets | 2,320,037 | 2,353,066
Total | $136,986,309 | $155,644,299
Financial Liabilities | As of December 31, | 
 | 2018 | 2019
 | NT$ | NT$
 | (In Thousands) | (In Thousands)
Financial liabilities measured at amortized cost |  | 
Short-term loans | $13,103,808 | $12,015,206
Payables | 23,559,548 | 27,433,065
Guarantee deposits (current portion included) | 665,793 | 296,694
Bonds payable (current portion included) | 41,378,182 | 38,781,416
Long-term loans (current portion included) | 30,826,215 | 33,902,074
Lease liabilities (Note) | — | 6,031,025
Other financial liabilities | 20,523,099 | 20,093,441
Total | $130,056,645 | $138,552,921


Question: What were the Financial assets at fair value through profit or loss in 2018?
Answer: $12,084,297
NOTE 13 - TAXES ON INCOME (Cont.)
D. Loss from continuing operations, before taxes on income, consists of the following:
E. Due to the Company’s cumulative losses, the effect of ASC 740 as codified from ASC 740-10 is not material.
Table:
 | Year ended December 31 | 
 | 2019 | 2 0 1 8
 | U.S. $ in thousands | 
United States | (4,378) | (3,617)
Israel | (18,875) | (10,331)
 | (23,253) | (13,948)


Question: What is the percentage of Israel's loss from continuing operations, before taxes on income, for the year ended 2019?
Answer: 81.17
Calculation: 18,875/23,253
Note A: Beginning from June 2015, the Company accounts for its investment in FARADAY as an associate given the fact that the Company obtained the ability to exercise significant influence over FARADAY through representation on its Board of Directors.
Note B: WINAICO SOLAR PROJEKT 1 GMBH and WINAICO IMMOBILIEN GMBH are joint ventures to the Company.
Note C: The Company follows international accounting practices in equity accounting for limited partnerships and uses the equity method to account for these investees.
The carrying amount of investments accounted for using the equity method for which there are published price quotations amounted to NT$1,733 million and NT$1,750 million, as of December 31, 2018 and 2019, respectively. The fair value of these investments were NT$1,621 million and NT$2,244 million, as of December 31, 2018 and 2019, respectively.
Table:
As of December 31, |  |  |  | 
 | 2018 |  | 2019 | 
Investee companies | Amount | Percentage of ownership or voting rights | Amount | Percentage of ownership or voting rights
 | NT$ (In Thousands) |  | NT$ (In Thousands) | 
Listed companies |  |  |  | 
CLIENTRON CORP. | $249,663 | 22.39 | $276,515 | 21.90
FARADAY TECHNOLOGY CORP. (FARADAY) (Note A) | 1,483,111 | 13.78 | 1,473,028 | 13.78
Unlisted companies |  |  |  | 
MTIC HOLDINGS PTE. LTD. | 3,026 | 45.44 | 18,157 | 45.44
WINAICO IMMOBILIEN GMBH (Note B) | — | 44.78 | — | 44.78
PURIUMFIL INC. | — | — | 7,164 | 44.45
UNITECH CAPITAL INC. | 568,005 | 42.00 | 642,660 | 42.00
TRIKNIGHT CAPITAL CORPORATION | 1,520,575 | 40.00 | 2,281,631 | 40.00
HSUN CHIEH INVESTMENT CO., LTD. | 1,608,551 | 36.49 | 1,686,502 | 36.49
YANN YUAN INVESTMENT CO., LTD. | 2,032,013 | 30.87 | 2,761,821 | 30.87
HSUN CHIEH CAPITAL CORP. | 161,319 | 30.00 | 122,060 | 30.00
VSENSE CO., LTD. | 31,544 | 26.89 | 592 | 25.90
UNITED LED CORPORATION HONG KONG LIMITED | 167,953 | 25.14 | 121,973 | 25.14
TRANSLINK CAPITAL PARTNERS I, L.P. (Note C) | 120,440 | 10.38 | 172,414 | 10.38
WINAICO SOLAR PROJEKT 1 GMBH (Note B) | — | 50.00 | — | —
YUNG LI INVESTMENTS, INC. | 2,213 | 45.16 | — | —
Total | $7,948,413 |  | $9,564,517 | 


Question: What is the average amount of investments of listed companies in 2019?
Answer: 874771.5
Calculation: (276,515+1,473,028) / 2
Retirement-Related Plans
The following table provides the total pre-tax cost for all retirement-related plans. Total operating costs/(income) are included in the Consolidated Income Statement within the caption (e.g., Cost, SG&A, RD&E) relating to the job function of the plan participants.
Total pre-tax retirement-related plan cost decreased by $994 million compared to 2018, primarily driven by a decrease in recognized actuarial losses ($1,123 million), primarily due to the change in the amortization period in the U.S. Qualified Personal Pension Plan and higher expected return on plan assets ($143 million), partially offset by higher interest costs ($203 million).
As discussed in the “Operating (non-GAAP) Earnings” section, we characterize certain retirement-related costs as operating and others as non-operating. Utilizing this characterization, operating retirement-related costs in 2019 were $1,457 million, a decrease of $37 million compared to 2018. Non-operating costs of $615 million in 2019 decreased $957 million year to year, driven primarily by the same factors as above.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Retirement-related plans—cost |  |  | 
Service cost | $385 | $431 | (10.7)%
Multi-employer plans | 32 | 38 | (16.9)
Cost of defined contribution plans | 1,040 | 1,024 | 1.5
Total operating costs/ (income) | $1,457 | $1,494 | (2.5)%
Interest cost | $2,929 | $2,726 | 7.4%
Expected return on plan assets | (4,192) | (4,049) | 3.5
Recognized actuarial losses | 1,819 | 2,941 | (38.2)
Amortization of prior service costs/(credits) | (9) | (73) | (87.6)
Curtailments/settlements | 41 | 11 | 262.2
Other costs | 28 | 16 | 76.2
Total non-operating costs/(income) | $615 | $1,572 | (60.9)%
Total retirement-related plans—cost | $2,072 | $3,066 | (32.4)%


Question: What was the increase / (decrease) in service cost from 2018 to 2019?
Answer: -46
Calculation: 385 - 431
Dividend Policy
Our policy is to declare quarterly dividends to shareholders as decided by the Board of Directors. The dividend to shareholders could be higher than the operating cash flow or the dividend to shareholders could be lower than the operating cash flow after reserves as the Board of Directors may from time to time determine are required, taking into account contingent liabilities, the terms of our borrowing agreements, our other cash needs and the requirements of Bermuda law.
Total dividends distributed in 2019 totaled $14.3 million or $0.10 per share. The quarterly dividend payments per share over the last 5 years have been as follows:
* Includes $0.05 per share distributed as dividend-in-kind.
The Company declared a dividend of $0.07 per share in respect of the fourth quarter of 2019, which was paid to shareholders on March 16, 2020.
Table:
Period  | 2019 | 2018 | 2017 | 2016 | 2015
1st Quarter  | $0.04 | $0.03 | $0.20 | $0.43 | $0.22
2nd Quarter  | $0.03 | $0.01 | $0.20 | $0.43 | $0.38
3rd Quarter  | $0.01 | $0.02 | $0.15*  | $0.25 | $0.40
4th Quarter  | $0.02 | $0.01 | $0.03 | $0.26 | $0.38
Total | $0.10 | $0.07 | $0.58 | $1.37 | $1.38


Question: What is the total dividends distributed in 2019?
Answer: $0.10
VMware and Pivotal Employee Stock Purchase Plans
In June 2007, VMware adopted its 2007 Employee Stock Purchase Plan (the “ESPP”), which is intended to be qualified under Section 423 of the Internal Revenue Code. On June 25, 2019, VMware amended its ESPP to increase the number of shares available for issuance by 9.0 million shares of Class A common stock. As of January 31, 2020, the number of authorized shares under the ESPP was a total of 32.3 million shares. Under the ESPP, eligible VMware employees are granted options to purchase shares at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. The option period is generally twelve months and includes two embedded six-month option periods. Options are exercised at the end of each embedded option period. If the fair market value of the stock is lower on the first day of the second embedded option period than it was at the time of grant, then the twelve-month option period expires and each enrolled participant is granted a new twelve-month option. As of January 31, 2020, 14.3 million shares of VMware Class A common stock were available for issuance under the ESPP.
The following table summarizes ESPP activity for VMware during the periods presented (cash proceeds in millions, shares in thousands):
As of January 31, 2020, $95 million of ESPP withholdings were recorded as a liability in accrued expenses and other on the consolidated balance sheets for the purchase that occurred on February 29, 2020.
Prior to the acquisition of Pivotal, Pivotal granted options to eligible Pivotal employees to purchase shares of its Class A common stock at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value of the Pivotal stock at the time of exercise. Pivotal’s ESPP activity was not material during the periods presented.
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Cash proceeds | $172 | $161 | $65
Class A common stock purchased | 1,489 | 1,895 | 903
Weighted-average price per share | $115.51 | $84.95 | $72.40


Question: Which years does the table provide information for ESPP activity for VMware?
Answer: 2020, 2019, 2018
Revenue
We manage our business on a geographic basis, organized into three geographic segments. Our revenue, which includes product and service for each segment, is summarized in the following table (in millions, except percentages):
Amounts may not sum and percentages may not recalculate due to rounding.
Total revenue in fiscal 2019 increased by 5% compared with fiscal 2018. Product revenue increased by 6% and service revenue increased by 2%. Our total revenue reflected growth across each of our geographic segments. Product revenue for the BRICM countries, in the aggregate, experienced 1% product revenue decline, driven by a 16% decrease in product revenue in China and a decrease of 1% in Brazil. These decreases were partially offset by increased product revenue in Mexico, Russia and India of 26%, 6% and 5%, respectively.
In addition to the impact of macroeconomic factors, including a reduced IT spending environment and reductions in spending by government entities, revenue by segment in a particular period may be significantly impacted by several factors related to revenue recognition, including the complexity of transactions such as multiple performance obligations; the mix of financing arrangements provided to channel partners and customers; and final acceptance of the product, system, or solution, among other factors. In addition, certain customers tend to make large and sporadic purchases, and the revenue related to these transactions may also be affected by the timing of revenue recognition, which in turn would impact the revenue of the relevant segment.
Table:
 |  | Years Ended |  | 2019 vs. 2018 | 
 | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars | Variance in Percent
Revenue: |  |  |  |  | 
Americas | $ 30,927 | $ 29,070 | $28,351 | $1,857 | 6%
Percentage of revenue | 59.6% | 58.9% | 59.1% |  | 
EMEA | 13,100 | 12,425 | 12,004 | 675 | 5%
Percentage of revenue | 25.2% | 25.2% | 25.0% |  | 
APJC | 7,877 | 7,834 | 7,650 | 43 | 1%
Percentage of revenue | 15.2% | 15.9% | 15.9% |  | 
Total | $51,904 | $49,330 | $48,005 | $2,574 | 5%


Question: What was the change for revenue from EMEA between 2017 and 2018?
Answer: 421
Calculation: 12,425-12,004
Disaggregation of Revenue
The following table presents the Company's revenue disaggregated by major product category (amounts in thousands):
Software and hardware revenue is generated from on premise software license sales, as well as sales of hardware scanner boxes and on premise appliance products. Service and other revenue is generated from the sale of transactional SaaS products and services, maintenance associated with the sale of software and hardware, and consulting and professional services.
Table:
 |  | Twelve Months Ended September 30, | 
 | 2019 | 2018 | 2017
Major product category |  |  | 
Deposits software and hardware | $41,860 | $33,071 | $25,407
Deposits service and other | 15,170 | 8,437 | 6,963
Deposits revenue | 57,030 | 41,508 | 32,370
Identity verification software and hardware | 4,985 | 7,627 | 4,240
Identity verification service and other | 22,575 | 14,424 | 8,780
Identity verification revenue | 27,560 | 22,051 | 13,020
Total revenue | $84,590 | $63,559 | $45,390


Question: What is the average of the Company’s total revenue from 2017 to 2019?
Answer: 64513
Calculation: (45,390+63,559+84,590)/3
Year ended December 31, 2019 compared with the year ended December 31, 2018:
Revenue in 2019 is derived from license agreements that we entered into with third-parties following negotiations pursuant to our patent licensing and enforcement program. The revenue decrease is primarily due to timing of revenues, as further described in "Item 1. Business" - "Licensing and Enforcement - Current Activities, Post 2013".
Cost of revenues includes contingent legal fees directly associated with our licensing and enforcement programs. Cost of revenues primarily decreased in proportion to the decrease in revenues.
Operating expenses consists of sales and marketing, general and administrative, and research and development. Selling, general and administrative expenses ("SG&A") consisted primarily of legal fees incurred in operations and employee headcount related expenses. These comprise approximately 60% of total SG&A expense. Litigation expenses increased $3.0 million to $19.4 million in 2019 compared to 2018 and are primarily due to the timing of various outstanding litigation actions. See "Item 3. Legal Proceedings". Employee headcount related expenses decreased $2.0 million to $3.6 million in 2019 compared to 2018, primarily due to lower incentive bonuses.
Research and development expense remained flat between years.
Other expense decreased in 2019 as we no longer have exposure from the warrant liability, and included $0.7 million related to the sale of our investment in JVP, offset by $0.3 million of net interest income.
Income tax provision (benefit) is primarily a function of income (loss) before income, state income tax expense (benefit) and federal benefit of foreign derived intangible tax benefit related to 2018.
Table:
For the Years Ended December 31, |  |  |  | 
 | 2019 | 2018 | Change | % Change
(In millions, except percentages) |  |  |  | 
Revenues | $13.2 | $82.3 | $(69.1) | (84)%
Cost of revenues | 1.9 | 15.3 | (13.4) | (88)%
Gross profit | 11.3 | 67.0 | (55.7) | (83)%
Gross margin | 86 % | 81 % |  | 
Operating expenses: |  |  |  | 
Selling, general and administrative | 31.7 | 32.2 | (0.5) | (2)%
Research and development | 2.0 | 2.1 | (0.1) | (5)%
Total operating expenses | 33.7 | 34.3 | (0.6) | (2)%
Other expense | (0.3) | (4.0) | 3.7 | (93)%
Income (loss) before income taxes | (22.7) | 28.7 | (51.4) | (179)%
Income tax provision (benefit) | (6.2) | 8.0 | (14.2) | (178)%
Net income (loss) | $(16.5) | $20.7 | $(37.2) | (180)%


Question: Where is revenue in 2019 derived from?
Answer: license agreements that we entered into with third-parties following negotiations pursuant to our patent licensing and enforcement program
16. Segment, Geographic, and Significant Customer Information
We operate in one industry segment: the design, manufacturing, marketing, and technical support of high-performance storage and data management solutions. We conduct business globally, and our sales and support activities are managed on a geographic basis. Our management reviews financial information presented on a consolidated basis, accompanied by disaggregated information it receives from our internal management system about revenues by geographic region, based on the location from which the customer relationship is managed, for purposes of allocating resources and evaluating financial performance. We do not allocate costs of revenues, research and development, sales and marketing, or general and administrative expenses to our geographic regions in this internal management reporting because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.
The majority of our assets, excluding cash, cash equivalents, short-term investments and accounts receivable, were attributable to our domestic operations. The following table presents cash, cash equivalents and short-term investments held in the U.S. and internationally in various foreign subsidiaries (in millions):
Table:
 | April 26, 2019 | April 27, 2018
U.S. | $ 159 | $ 853
International | 3,740 | 4,538
Total | $ 3,899 | $ 5,391


Question: Which years does the table provide information for cash, cash equivalents and short-term investments held?
Answer: 2019, 2018
The tax effects of temporary differences that give rise to significant portions of the Company's deferred tax assets and deferred tax liabilities are as follows (amounts in millions):
In assessing whether it is more likely than not that deferred tax assets will be realized, the Company considers all available evidence, both positive and negative, including its recent cumulative earnings experience and expectations of future available taxable income of the appropriate character by taxing jurisdiction, tax attribute carryback and carryforward periods available to them for tax reporting purposes, and prudent and feasible tax planning strategies.
Table:
 | March 31, | 
 | 2019 | 2018
Deferred tax assets: |  | 
Deferred income on shipments to distributors | $— | $39.1
Inventory valuation | 45.0 | 10.7
Net operating loss carryforward | 94.3 | 101.1
Capital loss carryforward | 9.6 | 10.6
Share-based compensation | 42.4 | 31.4
Income tax credits | 376.5 | 178.4
Property, plant and equipment | 23.6 | 25.7
Accrued expenses and other | 91.4 | 91.2
Intangible assets | 1,608.1 | —
Other | 12.6 | —
Gross deferred tax assets | 2,303.5 | 488.2
Valuation allowances | (332.1) | (204.5)
Deferred tax assets, net of valuation allowances | 1,971.4 | 283.7
Deferred tax liabilities: |  | 
Convertible debt | (279.3) | (304.4)
Intangible assets | (721.0) | (66.6)
Other | — | (18.3)
Deferred tax liabilities | (1,000.3) | (389.3)
Net deferred tax asset (liability) | $971.1 | $(105.6)
Reported as: |  | 
Non-current deferred tax assets | $1,677.2 | $100.2
Non-current deferred tax liability | (706.1) | (205.8)
Net deferred tax asset (liability) | $971.1 | $(105.6)


Question: What was the inventory valuation in 2018?
Answer: 10.7