hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Adjusted earnings per share
Basic adjusted earnings per share is defined as adjusted profit for the period attributable to equity holders divided by the weighted average number of shares. Diluted adjusted earnings per share is defined as adjusted profit for the period attributable to equity holders divided by the diluted weighted average number of shares.
Basic and diluted EPS calculated on an IFRS profit basis are included in Note 10.
Table:
 | 2019 | 2018
Profit for the period attributable to equity holders as reported under IFRS (£m) | 166.6 | 223.1
Items excluded from adjusted operating profit disclosed above (£m) | 37.7 | (34.2)
Tax effects on adjusted items (£m) | (8.5) | (5.0)
Adjusted profit for the period attributable to equity holders (£m) | 195.8 | 183.9
Weighted average shares (million) | 73.7 | 73.6
Basic adjusted earnings per share | 265.7p | 250.0p
Diluted weighted average shares (million) | 73.9 | 73.8
Diluted adjusted earnings per share | 264.9p | 249.1p


Question: How is basic adjusted earnings per share defined as?
Answer: adjusted profit for the period attributable to equity holders divided by the weighted average number of shares
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (excluding interest and penalties):
Included in the balance of unrecognized tax benefits as of December 31, 2019 and 2018 are $2,495 and $220, respectively, of tax benefits that, if recognized would affect the effective tax rate.
The Company records interest and penalties on unrecognized tax benefits in its provision for income taxes. Accrued interest and penalties are included within the related liability for unrecognized tax benefit line on the consolidated balance sheets. During the years ended December 31, 2019 and 2018, the Company accrued interest of $114 and $0, respectively, and recorded liabilities for interest and penalties of $252 and $0, respectively.
After taking into consideration tax attributes, such as net operating loss carryforwards and interest, the Company’s unrecognized tax benefits represent a noncurrent reserve for uncertain tax positions of $864 and $220 as of December 31, 2019 and 2018, respectively.
The U.S. Internal Revenue Service completed exams on the Company's U.S. federal income tax returns for years 2012 - 2015. With few exceptions, the Company is no longer subject to state and local income tax examinations by tax authorities for years before 2015. The Company conducts business and files income tax returns in numerous states. Currently, one of the Company's state tax returns is under examination by a state as part of routine audits conducted in the ordinary course of business.
The future utilization of state net operating losses could potentially subject the Company to state examinations prior to the otherwise applicable statute of limitation. States vary in carryforward periods but generally extend up to 20 years or a period consistent with the federal limits under the Tax Cuts and Jobs Act.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Balance of unrecognized tax benefits as of January 1, | $1,226 | $37,240
Increases for positions taken in prior years | 1,353 | 657
Rate change | (84) | —
Amount of decreases related to settlements | — | (36,671)
Balance of unrecognized tax benefits as of December 31, | $2,495 | $1,226


Question: What is the average Balance of unrecognized tax benefits as of January 1, for Years Ended December 31, 2018 to 2019?
Answer: 19233
Calculation: (1,226+37,240) / 2
FREE CASH FLOW AND DIVIDEND PAYOUT RATIO
The terms free cash flow and dividend payout ratio do not have any standardized meaning under IFRS. Therefore, they are unlikely to be comparable to similar measures presented by other issuers.
We define free cash flow as cash flows from operating activities, excluding acquisition and other costs paid (which include significant litigation costs) and voluntary pension funding, less capital expenditures, preferred share dividends and dividends paid by subsidiaries to NCI. We exclude acquisition and other costs paid and voluntary pension funding because they affect the comparability of our financial results and could potentially distort the analysis of trends in business performance. Excluding these items does not imply they are non-recurring.
We consider free cash flow to be an important indicator of the financial strength and performance of our businesses because it shows how much cash is available to pay dividends on common shares, repay debt and reinvest in our company. We believe that certain investors and analysts use free cash flow to value a business and its underlying assets and to evaluate the financial strength and performance of our businesses. The most comparable IFRS financial measure is cash flows from operating activities.
We define dividend payout ratio as dividends paid on common shares divided by free cash flow. We consider dividend payout ratio to be an important indicator of the financial strength and performance of our businesses because it shows the sustainability of the company’s dividend payments.
The following table is a reconciliation of cash flows from operating activities to free cash flow on a consolidated basis.
Table:
 | 2019 | 2018
Cash flows from operating activities | 7,958 | 7,384
Capital expenditures | (3,988) | (3,971)
Cash dividends paid on preferred shares | (147) | (149)
Cash dividends paid by subsidiaries to NCI | (65) | (16)
Acquisition and other costs paid | 60 | 79
Voluntary DB pension plan contribution | – | 240
Free cash flow | 3,818 | 3,567


Question: What is the total amount of acquisition and other costs paid in 2018 and 2019?
Answer: 139
Calculation: 60+79
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) debt maturities as of december 31 , 2013 , excluding premiums and discounts , are as follows ( in millions ) : .

Table:
2014 | $ 4067
2015 | 2014
2016 | 500
2017 | 750
2018 | 125
2019 and thereafter | 6600
total | $ 12042
credit lines devon has a $ 3.0 billion syndicated , unsecured revolving line of credit ( the 201csenior credit facility 201d ) that matures on october 24 , 2018 .
however , prior to the maturity date , devon has the option to extend the maturity for up to one additional one-year period , subject to the approval of the lenders .
amounts borrowed under the senior credit facility may , at the election of devon , bear interest at various fixed rate options for periods of up to twelve months .
such rates are generally less than the prime rate .
however , devon may elect to borrow at the prime rate .
the senior credit facility currently provides for an annual facility fee of $ 3.8 million that is payable quarterly in arrears .
as of december 31 , 2013 , there were no borrowings under the senior credit facility .
the senior credit facility contains only one material financial covenant .
this covenant requires devon 2019s ratio of total funded debt to total capitalization , as defined in the credit agreement , to be no greater than 65 percent .
the credit agreement contains definitions of total funded debt and total capitalization that include adjustments to the respective amounts reported in the accompanying financial statements .
also , total capitalization is adjusted to add back noncash financial write-downs such as full cost ceiling impairments or goodwill impairments .
as of december 31 , 2013 , devon was in compliance with this covenant with a debt-to- capitalization ratio of 25.7 percent .
commercial paper devon has access to $ 3.0 billion of short-term credit under its commercial paper program .
commercial paper debt generally has a maturity of between 1 and 90 days , although it can have a maturity of up to 365 days , and bears interest at rates agreed to at the time of the borrowing .
the interest rate is generally based on a standard index such as the federal funds rate , libor , or the money market rate as found in the commercial paper market .
as of december 31 , 2013 , devon 2019s weighted average borrowing rate on its commercial paper borrowings was 0.30 percent .
other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2013 , as listed in the table presented at the beginning of this note .
geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately .

Question: what percentage of total debt maturities are from 2016 and 2017?
Answer: 10.38%
Calculation: add(500, 750), divide(#0, 12042), multiply(#1, const_100)
AMERICAN TOWER CORPORATION AND SUBSIDIARIES SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (dollars in millions)
(1) Includes amounts incurred primarily for the construction of new sites.
(2) Includes amounts incurred to purchase or otherwise secure the land under communications sites.
(3) Includes amounts incurred to increase the capacity of existing sites, which results in new incremental tenant revenue.
(4) Includes amounts incurred to enhance existing sites by adding additional functionality, capacity or general asset improvements.
(5) Includes amounts incurred in connection with acquisitions or new market launches. Start-up capital expenditures includes non-recurring expenditures contemplated in acquisitions, new market launch business cases or initial deployment of new technologies or innovation solutions that lead to an increase in sitelevel cash flow generation.
(6) Primarily includes regional improvements and other additions.
(7) Primarily includes foreign currency exchange rate fluctuations and other deductions.
Table:
 | 2019 | 2018 | 2017
Gross amount at beginning | $15,960.1 | $15,349.0 | $14,277.0
Additions during period: |  |  | 
Acquisitions | 887.0 | 721.4 | 499.7
Discretionary capital projects (1) | 258.1 | 173.5 | 120.7
Discretionary ground lease purchases (2) | 189.8 | 180.4 | 150.4
Redevelopment capital expenditures (3) | 213.6 | 177.3 | 138.8
Capital improvements (4) | 161.2 | 94.0 | 65.6
Start-up capital expenditures (5) | 71.3 | 113.1 | 158.1
Other (6) | 45.2 | (3.0) | 106.4
Total additions | 1,826.2 | 1,456.7 | 1,239.7
Deductions during period: |  |  | 
Cost of real estate sold or disposed | (304.6) | (395.7) | (246.5)
Other (7) | (52.4) | (449.9) | 78.8
Total deductions: | (357.0) | (845.6) | (167.7)
Balance at end | $17,429.3 | $15,960.1 | $15,349.0


Question: What does Redevelopment capital expenditures include?
Answer: Includes amounts incurred to increase the capacity of existing sites, which results in new incremental tenant revenue.
The amount of unrecognized tax benefits at December 31, 2019 increased by $387 million in 2019 to $7,146 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits was as follows:
The additions to unrecognized tax benefits related to the current and prior years were primarily attributable to U.S. federal and state tax matters, as well as non-U.S. tax matters, including transfer pricing, credits and incentives. The settlements and reductions to unrecognized tax benefits for tax positions of prior years were primarily attributable to U.S. federal and state tax matters, non-U.S. audits and impacts due to lapse of statute of limitations.
The unrecognized tax benefits at December 31, 2019 of $7,146 million can be reduced by $584 million associated with timing adjustments, U.S. tax credits, potential transfer pricing adjustments and state income taxes. The net amount of $6,562 million, if recognized, would favorably affect the company’s effective tax rate. The net amounts at December 31, 2018 and 2017 were $6,041 million and $6,064 million, respectively.
Table:
($ in millions) |  |  | 
 | 2019 | 2018 | 2017
Balance at January 1 | $6,759 | $ 7,031 | $3,740
Additions based on tax positions related to the current year | 816 | 394 | 3,029
Additions for tax positions of prior years | 779 | 1,201 | 803
Reductions for tax positions of prior years (including impacts due to a lapse of statute) | (922) | (1,686) | (367)
Settlements | (286) | (181) | (174)
Balance at December 31 | $7,146 | $ 6,759 | $7,031


Question: How much amount did the unrecognized tax benefits increased in 2019?
Answer: $387 million
A.3.10 Reconciliation to Consolidated Financial Statements
The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OSRAM Licht AG shares. These effects substantially outweighed a positive result in fiscal 2019 from the measurement of a major asset retirement obligation, which was previously reported in Centrally managed portfolio activities. Severance charges within Corporate items were € 99 million (€ 159 million in fiscal 2018).
Table:
 |  | Fiscal year
(in millions of €) | 2019 | 2018
Real Estate Services | 145 | 140
Corporate items | (562) | 631
Centrally carried pension expense | (264) | (423)
Amortization of intangible assets acquired in business combinations | (1,133) | (1,164)
Eliminations, Corporate Treasury and other reconciling items | (215) | (318)
Reconciliation to Consolidated financial Statements | (2,028) | (1,135)


Question: What was the average Real Estate Services?
Answer: 142.5
Calculation: (145 + 140) / 2
Combined Incentive Plan Information
RSU share activity under the 2004 Plan is set forth below:
The total intrinsic value of RSUs which vested during the years ended March 31, 2019, 2018 and 2017 was $229.3 million, $146.0 million and $166.1 million, respectively. The aggregate intrinsic value of RSUs outstanding at March 31, 2019 was $522.0 million, calculated based on the closing price of the Company's common stock of $82.96 per share on March 29, 2019. At March 31, 2019, the weighted average remaining expense recognition period was 1.91 years.
Table:
 | Number of Shares | Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2016 | 6,307,742 | $36.76
Granted | 1,635,655 | 51.46
Assumed upon acquisition | 2,059,524 | 46.57
Forfeited | (722,212) | 43.58
Vested | (2,861,253) | 38.60
Nonvested shares at March 31, 2017 | 6,419,456 | 42.06
Granted | 1,267,536 | 77.26
Forfeited | (279,051) | 49.65
Vested | (1,735,501) | 38.00
Nonvested shares at March 31, 2018 | 5,672,440 | 50.79
Granted | 1,951,408 | 77.83
Assumed upon acquisition | 1,805,680 | 91.70
Forfeited | (408,242) | 73.36
Vested | (2,729,324) | 61.51
Nonvested shares at March 31, 2019 | 6,291,962 | $64.81


Question: What was the Weighted Average Grant Date Fair Value for nonvested shares at March 31, 2017?
Answer: 42.06
BENEFIT OBLIGATION AND PLAN ASSETS FOR PENSION BENEFIT PLANS
The vested benefit obligation for a defined-benefit pension plan is the actuarial present value of the vested benefits to which the employee is currently entitled based on the employee’s expected date of separation or retirement.
1 The projected benefit obligation was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.
2 The fair value of plan assets was approximately 55% in the U.S. and 45% outside of the U.S. as of December 28, 2019 and December 29, 2018.
3 The accumulated other comprehensive loss (income), before tax, was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.
Changes in actuarial gains and losses in the projected benefit obligation are generally driven by discount rate movement. We use the corridor approach to amortize actuarial gains and losses. Under this approach, net actuarial gains or losses in excess of 10% of the larger of the projected benefit obligation or the fair value of plan assets are amortized on a straight-line basis.
Table:
(In Millions) | Dec 28, 2019 | Dec 29, 2018
Changes in projected benefit obligation: |  | 
Beginning projected benefit obligation | $3,433 | $3,842
Service cost | 54 | 65
Interest cost | 113 | 113
Actuarial (gain) loss | 829 | (204)
Currency exchange rate changes | (2) | (121)
Plan curtailments | — | (150)
Plan settlements | (57) | (74)
Other | (86) | (38)
Ending projected benefit obligation 1 | 4,284 | 3,433
Changes in fair value of plan assets: |  | 
Beginning fair value of plan assets | 2,551 | 2,287
Actual return on plan assets | 193 | (38)
Employer contributions | 30 | 480
Currency exchange rate changes | 3 | (62)
Plan settlements | (57) | (74)
Other | (66) | (42)
Ending fair value of plan assets 2 | 2,654 | 2,551
Net funded status | $1,630 | $882
Amounts recognized in the Consolidated Balance Sheets |  | 
Other long-term assets | $— | $244
Other long-term liabilities | $1,630 | $1,126
Accumulated other comprehensive loss (income), before tax 3 | $1,730 | $1,038


Question: How much is the ending projected benefit obligation outside of the US in 2018?
Answer: 2231.45
Calculation: 65% * 3,433
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (excluding interest and penalties):
Included in the balance of unrecognized tax benefits as of December 31, 2019 and 2018 are $2,495 and $220, respectively, of tax benefits that, if recognized would affect the effective tax rate.
The Company records interest and penalties on unrecognized tax benefits in its provision for income taxes. Accrued interest and penalties are included within the related liability for unrecognized tax benefit line on the consolidated balance sheets. During the years ended December 31, 2019 and 2018, the Company accrued interest of $114 and $0, respectively, and recorded liabilities for interest and penalties of $252 and $0, respectively.
After taking into consideration tax attributes, such as net operating loss carryforwards and interest, the Company’s unrecognized tax benefits represent a noncurrent reserve for uncertain tax positions of $864 and $220 as of December 31, 2019 and 2018, respectively.
The U.S. Internal Revenue Service completed exams on the Company's U.S. federal income tax returns for years 2012 - 2015. With few exceptions, the Company is no longer subject to state and local income tax examinations by tax authorities for years before 2015. The Company conducts business and files income tax returns in numerous states. Currently, one of the Company's state tax returns is under examination by a state as part of routine audits conducted in the ordinary course of business.
The future utilization of state net operating losses could potentially subject the Company to state examinations prior to the otherwise applicable statute of limitation. States vary in carryforward periods but generally extend up to 20 years or a period consistent with the federal limits under the Tax Cuts and Jobs Act.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Balance of unrecognized tax benefits as of January 1, | $1,226 | $37,240
Increases for positions taken in prior years | 1,353 | 657
Rate change | (84) | —
Amount of decreases related to settlements | — | (36,671)
Balance of unrecognized tax benefits as of December 31, | $2,495 | $1,226


Question: What is the change in Balance of unrecognized tax benefits as of January 1, from Years Ended December 31, 2018 to 2019?
Answer: -36014
Calculation: 1,226-37,240
4. VESSELS
Vessels consists of the carrying value of 23 vessels for the year ended December 31, 2019 and December 31, 2018, respectively. Vessels includes capitalized drydocking costs.
Depreciation is calculated based on cost less estimated residual value of $8.0 million per vessel over the estimated useful life of the vessel using the straight-line method. The estimated useful life of a vessel is 25 years from the date the vessel is delivered from the shipyard.
*Depreciation charges of $497.0 million related to vessels disposed of in 2018 is excluded
** Impairment charges of $2.2 million and $110.5 million related to vessels disposed of in 2018 is excluded
The Company has taken three vessels through periodical maintenance surveys in 2019 and further two vessels were in drydock for periodical maintenance as at December 31, 2019.
Impairment Loss on Vessels
The Company has not recorded any impairment loss on vessels for the year ended December 31, 2019. The Company recorded an impairment loss of $2.2 million and $110.5 million for the years ended December 31, 2018 and December 31, 2017, respectively.
The Company reviewed its assets for impairment on an asset by asset basis. In determining whether the assets are recoverable, the Company compared the estimate of the undiscounted cash flows expected to be generated by the assets to its carrying value. As of December 31, 2019, it was determined that the sum of the undiscounted cash flows for each vessel exceeded its carrying value and no impairment was recorded.
In developing estimates of future undiscounted cash flows, we made assumptions and estimates based on historical trends as well as future expectations. The most important assumption in determining undiscounted cash flows are the estimated freight rates. Freight rates are volatile and the analysis is based on market rates obtained from third parties, in combination with historical achieved rates by the Company.
Table:
 | 2019 | 2018
All figures in USD ‘000     |  | 
Vessels as of January 1   | 1,307,087 | 1,769,967
Additions Vessels   | 2,531 | 169,446
Disposals Vessels   | - | (632,326)
Drydocking as of January 1   | 52,331 | 119,303
Additions Drydocking   | 7,618 | 8,210
Disposals Drydocking   | - | (75,182)
Total Vessels and Drydocking   | 1,369,567 | 1,359,418
Less Accumulated Depreciation   | (469,570) | (405,660)*
Less Accumulated Impairment Loss on Vessels | - | -**
Vessels   | 899,997 | 953,758


Question: What is excluded from the accumulated depreciation of vessels in 2018?
Answer: Depreciation charges of $497.0 million related to vessels disposed of in 2018
NOTE 4 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts payable and accrued expenses consist of the following at:
On October 1 2019, the Company entered into an agreement with a consultant for toxicology studies. The consultant quoted a commitment of approximately $988,000 as an
estimate for the study. 50% of the total price is to be paid upon the signing of the agreement, 35% of the total price is to be upon completion of the in-life study, and the
remaining 15% of the total price is to be paid upon the issuance of the report. If the Company cancels the study the Company will be required to pay a cancelation fee. If the
cancelation happens prior to the arrival of the test animals then the Company will need to pay between 20% and 50% of the animal fees depending on when the cancellation
happens. If the cancellation occurs after the animals arrive but before the study begins then the company will be responsible for paying 50% of the protocol price plus a fee of
$7,000 per room/week for animal husbandry until the animals can be relocated or disposed of. If the Company cancels the study after it has begun then the Company will need to pay any fees for procured items for the study and any nonrecoverable expenses incurred by the vendor. As of December 31, 2019, the Company has paid $0 and there is a balance of $493,905 due.
Table:
 | December 31, 2019 | December 31, 2018
Accounting | $36,161 | $52,365
Research and development | 650,584 | 137,114
Legal | 15,273 | 32,161
Other | 163,029 | 10,048
Total | $865,047 | $231,688


Question: What is the percentage change in the accounts payable and accrued expenses between 2018 and 2019?
Answer: 273.37
Calculation: (865,047-231,688)/231,688