hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cubic Global Defense
Sales: CGD sales decreased 10% to $325.2 million in 2018 compared to $360.2 million in 2017. The year-over-year comparative sales and operating income were significantly impacted by an $8.0 million gain recognized on an equitable contract adjustment in fiscal 2017 for our littoral combat ship virtual training contract with the U.S. Navy. Sales were lower in fiscal 2018 on virtual training sales, air combat training system sales, and ground combat training system sales, while sales of international training support services increased between fiscal 2017 and 2018. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar had no significant impact on CGD sales between 2017 and 2018.
Amortization of Purchased Intangibles: Amortization of purchased intangibles included in the CGD results amounted to $1.1 million in 2018 and $0.9 million in 2017.
Operating Income: CGD had operating income of $16.6 million in 2018 compared to $28.1 million in 2017. The decrease in operating income was primarily caused by the gain of $8.0 million recognized in fiscal 2017 due to the approval of a contract adjustment with the U.S. Navy described above. In fiscal 2018 an arbitrator awarded $1.7 million to a former reseller of our air combat training systems in the Far East, which was recorded as SG&A expense by CGD in 2018. In addition, CGD’s R&D expenditures increased approximately $1.8 million year-over-year. The increase in R&D expenditures is indicative of the acceleration of our development of next generation live, virtual, constructive, and game-based training systems. These decreases in operating income in fiscal 2018 were partially offset by increased operating income from ground combat training systems, which was higher primarily due to improvements in expected total costs for the development of two ground combat training system contracts in the Far East. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar had no significant impact on CGD operating income between 2017 and 2018.
Adjusted EBITDA: CGD Adjusted EBITDA was $26.3 million in 2018 compared to $39.4 million in 2017. The decrease in Adjusted EBITDA was primarily driven by the same factors that drove the decrease in operating income described above excluding the increase in amortization which is excluded from Adjusted EBITDA.
Table:
 | Fiscal 2018 | Fiscal 2017 | % Change
 |  | (in millions) | 
Sales | $  325.2 | $  360.2 | (10)%
Operating income | 16.6 | 28.1 | (41)
Adjusted EBITDA | 26.3 | 39.4 | (33)


Question: What is the change in operating income from 2017 to 2018?
Answer: -11.5
Calculation: 16.6-28.1
49. Notes on related parties
In financial year 2018/19, METRO maintained the following business relations to related companies:
Transactions with associated companies and other related parties
The services received totalling €93 million (2017/18: €96 million) that METRO companies received from associates and other related parties in financial year 2018/19 consisted mainly of real estate leases in the amount of €79 million (2017/18: €80 million), thereof €76 million from associates; (2017/18: €78 million) and the rendering of services in the amount of €15 million (2017/18: €16 million), thereof €7 million from joint ventures; (2017/18: €8 million). Other future financial commitments in the amount of €667 million (2017/18: €719 million) consist of tenancy agreements with the following associated companies: OPCI FWP France, OPCI FWS France, Habib METRO Pakistan and the Mayfair group. In financial year 2018/19, METRO companies provided services to companies belonging to the group of associates and related parties in the amount of €8 million (2017/18: €8 million). A dividend of €38 million has been paid out to a shareholder with significant influence. Business relations with related parties are based on contractual agreements providing for arm’s length prices. As in financial year 2017/18, there were no business relations with related natural persons and companies of management in key positions in financial year 2018/19.
Related persons (compensation for management in key positions)
The management in key positions consists of members of the Management Board and the Supervisory Board of METRO AG. Thus, the expenses for members of the Management Board of METRO AG amounted to €6.9 million (2017/18: €5.2 million) for short-term benefits and €3.7 million (2017/18: €7.0 million) for post-employment benefits. Thereof an amount of €3.0 million relates to termination benefits paid in financial year 2018/19. The expenses for existing compensation programmes with long-term incentive effect in financial year 2018/19, calculated in accordance with IFRS 2, amounted to €2.6 million (2017/18: €0.7 million). The short-term compensation for the members of the Supervisory Board of METRO AG amounted to €2.2 million (2017/18: €2.2 million). The total compensation for members of the Management Board in key positions in financial year 2018/19 amounted to €15.4 million (2017/18: €15.1 million).
Table:
€ million | 2017/2018 | 2018/2019
Services provided | 8 | 8
Associates | 5 | 5
Joint ventures | 3 | 3
Miscellaneous related parties | 0 | 0
Services received | 96 | 93
Associates | 78 | 76
Joint ventures | 8 | 7
Miscellaneous related parties | 10 | 10
Receivables from services provided, as of 30/9 | 0 | 0
Associates | 0 | 0
Joint ventures | 0 | 0
Miscellaneous related parties | 0 | 0
Liabilities from goods/services received as of 30/9 | 1 | 1
Associates | 0 | 0
Joint ventures | 0 | 0
Miscellaneous related parties | 1 | 1


Question: Who were the parties to which METRO maintained business relations with related companies?
Answer: Associates, Joint ventures, Miscellaneous related parties
Postretirement Benefit Plans
The Company also provides certain postretirement health care and life insurance benefits to qualifying domestic retirees and their eligible dependents. The health care plan for shore-based employees and their dependents and seagoing licensed deck officers (“Deck Officers”) and their dependents is contributory at retirement, while the life insurance plan for all employees is noncontributory.
In general, postretirement medical coverage is provided to shore-based employees hired prior to January 1, 2005 and all Deck Officers who retire and have met minimum age and service requirements under a formula related to total years of service. The Company no longer provides prescription drug coverage to its retirees or their beneficiaries once they reach age 65.
The Company does not currently fund these benefit arrangements and has the right to amend or terminate the health care and life insurance benefits at any time.
Information with respect to the domestic pension and postretirement benefit plans for which the Company uses a December 31 measurement date, follow:
Table:
 | 2019 | 2018 | 2019 | 2018
At December 31, |  |  | Change in benefit obligation: | Change in benefit obligation:
Benefit obligation at beginning of year | $44,015 | $48,500 | $3,401 | $4,548
Cost of benefits earned (service cost) | — | — | 105 | 119
Interest cost on benefit obligation | 1,802 | 1,673 | 140 | 142
Actuarial losses/(gains) | 3,805 | (3,456) | 84 | (1,206)
Benefits paid | (2,686) | (2,702) | (158) | (202)
Benefit obligation at year end | 46,936 | 44,015 | 3,572 | 3,401
Change in plan assets: |  |  |  | 
Fair value of plan assets at beginning of year | 31,929 | 35,591 | — | —
Actual return on plan assets | 6,790 | (1,882) | — | —
Employer contributions | 721 | 922 | 158 | 202
Benefits paid | (2,686) | (2,702) | (158) | (202)
Fair value of plan assets at year end | 36,754 | 31,929 | — | —
Unfunded status at December 31 | $(10,182) | $(12,086) | $(3,572) | $(3,401)


Question: What is the average Interest cost on benefit obligation for pension benefits for December 31, 2018 and 2019?
Answer: 1737.5
Calculation: (1,802+1,673) / 2
Stock Repurchases. On August 22, 2011, we established a share repurchase program ("Share Repurchase Program"). On June 11, 2019, our Board of Directors authorized an extension and increase of the Share Repurchase Program to repurchase up to $5,000,000 of shares of our common stock over the subsequent 24 month period (for a total authorization of approximately $22,000,000 since inception of the program in August 2011). The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions in our discretion. The timing and amount of the shares repurchased is determined by management based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time.
During the months of October, November and December 2019, we repurchased common stock pursuant to our Share Repurchase Program as indicated below:
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
Since inception of our Share Repurchase Program (August 2011) to December 31, 2019, we repurchased an aggregate of 8,489,770 shares of our common stock at a cost of approximately $15,906,846 (exclusive of commissions) or an average per share price of $1.87.
Table:
Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares) that May Yet Be Purchased Under the Plans or Programs
October 1, 2019 to October 31, 2019 | — | — | — | $4,803,723
November 1, 2019 to November 30, 2019 | 11,386 | $2.12 | 11,386 | $4,779,620
December 1, 2019 to December 31, 2019 | 153,431 | $2.18 | 153,431 | $4,445,258
Total | 164,817 | $2.17 | 164,817 | 


Question: What % of total shares purchased during year ended December 31, 2019 were shares purchased during October 1, 2019 to December 31, 2019?
Answer: 49.14
Calculation: 164,817/335,372
19. Cash and cash equivalents
Cash at bank and in hand is denominated in the following currencies:
Cash balances with an original maturity of less than three months were held in current accounts during the year and attracted interest at a weighted average rate of 0.3% (2018: 0.3%).
Table:
 | 2019 | 2018
 | £m | £m
Sterling | 5.8 | 4.1
Euro | 0.1 | 0.2
Cash at bank and in hand | 5.9 | 4.3


Question: In which year was Sterling larger?
Answer: 2019
Calculation: 5.8>4.1
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) General
The Revolving Credit Facility (as defined in Note 5) and the Term Loan Agreement generally require our ratio of earnings before interest, taxes, depreciation and amortization ("EBITDA") to interest expense not to be less than 3.0 to 1.0 and our ratio of funded debt to EBITDA not to exceed certain decreasing specified levels, ranging from 5.875 through the first quarter of fiscal 2020 to 3.75 from the second quarter of fiscal 2023 and thereafter, with each ratio to be calculated on a rolling fourquarter basis. As of May 26, 2019, we were in compliance with all financial covenants under the Revolving Credit Facility and the Term Loan Agreement.
Net interest expense consists of:
Interest paid from continuing operations was $375.6 million, $164.5 million, and $223.7 million in fiscal 2019, 2018, and 2017, respectively.
Table:
 | 2019 | 2018 | 2017
Long-term debt | $385.9 | $161.2 | $203.6
Short-term debt | 15.0 | 4.8 | 0.6
Interest income | (6.8) | (3.8) | (3.7)
Interest capitalized | (2.7) | (3.5) | (5.0)
 | $391.4 | $158.7 | $195.5


Question: What were the interests paid from continuing operations in the fiscal year 2017 and 2018, respectively?
Answer: $223.7 million, $164.5 million
Semiconductor and IP Licensing Segment
(1) Excludes operating expenses which are not allocated on a segment basis.
Semiconductor and IP Licensing segment revenue for the year ended December 31, 2019 was $81.9 million as compared to $186.4 million for the year ended December 31, 2018, a decrease of $104.5 million. The decrease in revenue was due principally to revenue recorded in 2018 related to the Samsung settlement and license agreement executed in December 2018, partially offset by a one-time payment from a new license agreement signed in December 2019.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Revenue: |  |  | 
Royalty and license fees | $81,943 | $186,425 | $205,809
Total revenue | 81,943 | 186,425 | 205,809
Operating expenses: |  |  | 
Research, development and other related costs | 28,732 | 27,514 | 30,039
Litigation | 3,471 | 26,099 | 36,209
Amortization | 11,871 | 19,906 | 21,590
Total operating expenses (1) | 44,074 | 73,519 | 87,838
Total operating income | $37,869 | $112,906 | $117,971


Question: What is the percentage of research, development, and other related costs as well as litigation expenses over total operating expenses in 2018?
Answer: 72.92
Calculation: (27,514+26,099)/73,519
22. JOINT VENTURES (Cont’d)
‘‘NA’’ denotes Not Applicable.
Notes:
(1) Based on the Group’s direct equity interest in AIS.
(2) Others include adjustments to align the respective local accounting standards to SFRS(I).
Table:
 | Airtel | Telkomsel | Globe | AIS
Group - 2017 | S$ Mil | S$ Mil | S$ Mil | S$ Mil
Statement of financial position |  |  |  | 
Current assets | 4,378.4 | 3,546.3 | 1,481.6 | 1,368.4
Non-current assets | 45,611.2 | 6,169.6 | 5,548.1 | 10,027.2
Current liabilities | (13,568.3) | (2,547.9) | (2,344.3) | (2,994.1)
Non-current liabilities | (20,676.7) | (886.5) | (2,909.5) | (6,816.6)
Net assets | 15,744.6 | 6,281.5 | 1,775.9 | 1,584.9
Less: Non-controlling interests | (1,399.0) | - | 0.4 | (5.7)
Net assets attributable to equity holders | 14,345.6 | 6,281.5 | 1,776.3 | 1,579.2
Proportion of the Group’s ownership | 36.5% | 35.0% | 47.1% | 23.3% (1)
Group’s share of net assets | 5,230.4 | 2,198.5 | 837.4 | 368.2
Goodwill capitalised | 1,229.0 | 1,403.6 | 381.7 | 293.3
Others (2) | 387.6 | - | (139.9) | (2.4)
Carrying amount of the investment | 6,847.0 | 3,602.1 | 1,079.2 | 659.1
Other items |  |  |  | 
Cash and cash equivalents | 348.7 | 2,371.9 | 229.1 | 522.0
Non-current financial liabilities excluding trade  Current financial liabilities excluding trade and other payables | (19,774.0) | (570.2) | (2,658.7) | (3,690.1)
Current financial liabilities excluding trade and other payables | (3,884.7) | (76.6) | (353.6) | (187.4)
Group's share of market value | 10,995.3 | NA | 3,544.1 | 5,013.9


Question: What is the topic of note 22?
Answer: Joint Ventures
Asia Pacific
Asia Pacific net revenues decreased $1.4 million in 2019 compared to 2018 (see “Revenues” above). Asia Pacific expenses decreased $203,000 from 2018 to 2019. This decrease was primarily due to a $503,000 decrease of salary expense, offset partially by a $303,000 increase in member acquisition costs.
Foreign currency movements relative to the U.S. dollar negatively impacted our local currency loss from our operations in Asia Pacific by approximately $136,000 for 2019. Foreign currency movements relative to the U.S. dollar positively impacted our local currency loss from our operations in Asia Pacific by approximately $127,000 for 2018.
Table:
Year Ended December 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Revenues | $6,490 | $7,859
(Loss) from operations | $(7,488) | $(6,322)
(Loss) from operations as a % of revenues | (115)% | (80)%


Question: What is the loss from operations in 2019 and 2018 respectively?
Answer: 7,488, 6,322
Note 26. Other Income (Expense)
Other income (expense), net consisted of the following (in thousands):
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Foreign currency transaction gains(losses) | $(1,262) | $2,029 | $(548)
Gains (losses) on derivative instruments not designated as hedges | (674) | (1,751) | 143
Net investment gains (losses) on investments held in rabbi trust | 2,379 | (867) | 1,619
Other miscellaneous income (expense) | (857) | (1,659) | 44
 | $(414) | $(2,248) | $1,258


Question: What was the Other miscellaneous income (expense) in 2019?
Answer: (857)
At December 31, 2019 and 2018, $21 million and $20 million, respectively, of unrecognized tax benefits were classified as a reduction of deferred tax assets. The finalisation in the fourth quarter of 2018 of pending tax litigations triggered the reversal of uncertain tax positions in major tax jurisdictions for a total amount of $310 million.
It is reasonably possible that certain of the uncertain tax positions disclosed in the table above could increase within the next 12 months due to ongoing tax audits. The Company is not able to make an estimate of the range of the reasonably possible change.
Additionally, the Company elected to classify accrued interest and penalties related to uncertain tax positions as components of income tax expense in the consolidated statements of income, they were less than $1 million in 2019, $1 million in 2018, less than $1 million in 2017, $1 million in 2016, $1 million in 2015, $27 million in 2014 and not material in the previous years. Accrued interest and penalties amounted to $6 million at December 31, 2019 and $5 million at December 31, 2018.
The tax years that remain open for review in the Company’s major tax jurisdictions, including France, Italy, United States and India, are from 1997 to 2019.
Table:
 | December 31, 2019 | December 31, 2018 | December 31, 2017
Balance at beginning of year | 38 | 333 | 258
Additions based on tax positions related to the current year | 7 | 43 | 43
Additions based on acquisitions related to the current year | 5 | — | —
Additions for tax positions of prior years | 1 | 8 | 12
Reduction for tax positions of prior years | (1) | (310) | (9)
Settlements | (2) | (18) | (2)
Prepayment / Refund | — | — | —
Reductions due to lapse of statute of limitations | — | — | —
Foreign currency translation | — | (18) | 31
Balance at end of year | 48 | 38 | 333


Question: How much unrecognized tax benefits were classified as a reduction of deferred tax assets as of December 31, 2019 and 2018?
Answer: $21 million, $20 million
A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):
The total liability for gross unrecognized tax benefits as of December 31, 2019, 2018 and 2017 includes $9.6 million, $0.4 million and $0.2 million, respectively, of unrecognized net tax benefits which, if ultimately recognized, would reduce our annual effective tax rate in a future period. These liabilities, along with liabilities for interest and penalties, are included in accounts payable and accrued expenses and Other long-term liabilities in our consolidated balance sheet. Interest, which is included in Interest expense in our consolidated statement of income, was not material for all years presented.
During the year ended December 31, 2019, we recognized an increase in unrecognized tax benefits of approximately $7.7 million related to an increase in research and development tax credits available to us for tax years 2016-2018 and $1.8 million for the 2019 tax year.
We are subject to income taxes in the U.S., various state and foreign jurisdictions. Tax statutes and regulations within each jurisdiction are subject to interpretation and require significant judgment to apply. We are no longer subject to U.S. federal or non-U.S. income tax examinations by tax authorities for the years before 2015. We are no longer subject to U.S. state tax examinations by tax authorities for the years before 2014. We believe it is reasonably possible that within the next year our unrecognized tax benefits may decrease by $1.9 million due to the acceptance of a portion of our amended research and development credits.
Table:
 |  | December 31, | 
 | 2019 | 2018 | 2017
Gross unrecognized tax benefits at beginning of year | $490 | $220 | $293
Increases in tax positions for prior years | 7,718 | 36 | —
Increases in tax positions for current year | 1,839 | 320 | 32
Decreases in tax positions for prior years | (412) | — | —
Lapse in statute of limitations | — | (86) | (105)
Gross unrecognized tax benefits at end of year | $9,635 | $490 | $220


Question: What is the proportion of the total increase in tax positions for the prior and current years over gross unrecognized tax benefits at the end of the year 2019?
Answer: 0.99
Calculation: (7,718+1,839)/9,635
sources and uses of cash ( in millions ) in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 29 , dec 30 , dec 31 .

Table:
years ended ( in millions ) | dec 292018 | dec 302017 | dec 312016
net cash provided by operating activities | $ 29432 | $ 22110 | $ 21808
net cash used for investing activities | -11239 ( 11239 ) | -15762 ( 15762 ) | -25817 ( 25817 )
net cash provided by ( used for ) financing activities | -18607 ( 18607 ) | -8475 ( 8475 ) | -5739 ( 5739 )
net increase ( decrease ) in cash and cash equivalents | $ -414 ( 414 ) | $ -2127 ( 2127 ) | $ -9748 ( 9748 )
md&a consolidated results and analysis 40 .

Question: as of december 292017 what was the percent of the net cash provided by ( used for ) financing activities to the net cash provided by operating activities
Answer: 38.33%
Calculation: divide(8475, 22110)
Restricted Shares
We granted shares to certain of our Directors, executives and key employees under the 2016 and 2011 Plans, the vesting of which is service-based. The following table summarizes the activity during the twelve months ended March 31, 2019 for restricted shares awarded under the 2016 and 2011 Plans:
The weighted-average grant date fair value of the restricted shares is determined based upon the closing price of our common shares on the grant date. During fiscal 2019, a total of 197,917 shares, net of 47,146 shares withheld from the vested restricted shares to cover the employee's minimum applicable income taxes, were issued from treasury. The shares withheld were returned to treasury shares.
Table:
 | Number of Shares | Weighted-Average Grant-Date Fair Value
 |  | (per share)
Outstanding at April 1, 2018 | 243,354 | $10.78
Granted | 265,452 | 14.66
Vested | (197,917) | 12.74
Forfeited | (73,743) | 11.3
Outstanding at March 31, 2019 | 237,146 | $13.46


Question: What was the difference between the granted shares and outstanding shares as at April 1, 2018?
Answer: 22098
Calculation: 265,452 - 243,354