hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Fair Value of Convertible Notes held at amortized cost
As of December 31, 2019 and 2018, the fair value and carrying value of the Company's Convertible Notes were:
The fair value shown above represents the fair value of the debt instrument, inclusive of both the debt and equity components, but excluding the derivative liability. The carrying value represents only the carrying value of the debt component.
The fair value of the Convertible Notes was determined by using unobservable inputs that are supported by minimal non-active market activity and that are significant to determining the fair value of the debt instrument. The fair value is level 3 in the fair value hierarchy.
(Dollars in thousands, except per share amounts)
Table:
 | Fair value | Carrying value | Face value
5.5% convertible senior notes due December 15, 2021: |  |  | 
Balance as of December 31, 2019 |  |  | 
Related party | $6,727 | $8,864 | $10,000
Others | 65,257 | 84,648 | 97,000
 | $71,984 | $93,512 | $107,000
Balance as of December 31, 2018 |  |  | 
Related party | $5,879 | $8,378 | $10,000
Others | 57,031 | 79,433 | 97,000
 | $62,910 | $87,811 | $107,000


Question: What is the percentage change in the fair value of related party 5.5% convertible senior notes due December 15, 2021 between 2018 and 2019?
Answer: 14.42
Calculation: (6,727 - 5,879)/5,879
Liquidity and Capital Resources
We believe our ability to generate cash flows from operating activities is one of our fundamental financial strengths. In the near term, we expect our business and financial condition to remain strong and to continue to generate significant operating cash flows, which, we believe, in combination with our existing balance of cash and cash equivalents and short-term investments of $5.9 billion, our access to capital, and the availability of our $1.5 billion revolving credit facility, will be sufficient to finance our operational and financing requirements for the next 12 months. Our primary sources of liquidity, which are available to us to fund cash outflows such as potential dividend payments or share repurchases, and scheduled debt maturities, include our cash and cash equivalents, short-term investments, and cash flows provided by operating activities.
As of December 31, 2019, the amount of cash and cash equivalents held outside of the U.S. by our foreign subsidiaries was $2.8 billion, as compared to $1.4 billion as of December 31, 2018. These cash balances are generally available for use in the U.S., subject in some cases to certain restrictions.
Our cash provided from operating activities is somewhat impacted by seasonality. Working capital needs are impacted by weekly sales, which are generally highest in the fourth quarter due to seasonal and holiday-related sales patterns. We consider, on a continuing basis, various transactions to increase shareholder value and enhance our business results, including acquisitions, divestitures, joint ventures, share repurchases, and other structural changes. These transactions may result in future cash proceeds or payments.
Sources of Liquidity (amounts in millions)
Table:
 | For the Years Ended December 31, |  | 
 | 2019 | 2018 | Increase (Decrease)
Cash and cash equivalents | $5,794 | $4,225 | $1,569
Short-term investments | 69 | 155 | (86)
 | $5,863 | $4,380 | $1,483
Percentage of total assets | 30% | 24% | 


Question: What was the percentage change in cash and cash equivalents between 2018 and 2019? 
Answer: 37.14
Calculation: ($5,794-$4,225)/$4,225
Accrued expenses and other consist of the following (in thousands):
At December 31, 2019 and 2018, accounts receivable, accounts payable and accrued expenses are not measured at fair value; however, the Company believes that the carrying amounts of these assets and liabilities are a reasonable estimate of their fair value because of their relative short maturity.
Table:
December 31, |  | 
 | 2019 | 2018
Accrued advertising expense | $1,774 | $1,875
Accrued compensation expense | 2,955 | 2,813
Reserve for member refunds | 293 | 382
Other accrued expenses | 2,455 | 2,266
Deferred rent | — | 517
Total accrued expenses and other | $7,477 | 7,853


Question: What is the reserve for member refunds for 2019 and 2018 respectively?
Answer: 293, 382
Actuarial assumptions
The Group’s scheme liabilities are measured using the projected unit credit method using the principal actuarial assumptions set out below:
Notes: 1 Figures shown represent a weighted average assumption of the individual schemes.
2 The rate of increases in pensions in payment and deferred revaluation are dependent on the rate of inflation.
Table:
 | 2019 % | 2018 % | 2017 %
Weighted average actuarial assumptions used at 31 March1: |  |  | 
Rate of inflation2 | 2.9 | 2.9 | 3.0
Rate of increase in salaries | 2.7 | 2.7 | 2.6
Discount rate | 2.3 | 2.5 | 2.6


Question: How much is the 2019 rate of inflation?
Answer: 2.9
s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .

Table:
for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages ) | directamount | ceded to other companies | assumed from other companies | net amount | percentage of amount assumed to net
2010 | $ 15780 | $ 5792 | $ 3516 | $ 13504 | 26% ( 26 % )
2009 | $ 15415 | $ 5943 | $ 3768 | $ 13240 | 28% ( 28 % )
2008 | $ 16087 | $ 6144 | $ 3260 | $ 13203 | 25% ( 25 % )
.

Question: what is the difference between the ceded and assumed amounts in 2010?
Answer: 2276
Calculation: subtract(5792, 3516)
Non-Operating Income, net: Non-operating income, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan) and net other income, including net recognized gains and losses related to all of our investments, net unrealized gains and losses related to the small portion of our investment portfolio related to our deferred compensation plan, net unrealized gains and losses related to certain equity securities and non-service net periodic pension income (losses).
On a constant currency basis, our non-operating income, net decreased in fiscal 2019 compared to fiscal 2018 primarily due to decreases in other income, net in fiscal 2019 , which was primarily attributable to realized gains on the sale of certa in marketable securities during fiscal 2018 , and lower interest income in fiscal 2019 primarily due to lower average cash, cash equivalent and marketable securities balances during fiscal 2019 .
Table:
 |  |  | Year Ended May 31, | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Interest income | $1,092 | -9% | -9% | $1,203
Foreign currency losses, net | (111) | 50% | 62% | (74)
Noncontrolling interests in income | (152) | 12% | 12% | (135)
Other income, net | (14) | -107% | -42% | 191
Total non-operating income, net | $815 | -31% | -31% | $1,185


Question: What was the difference in other income, net in 2019 and 2018?
Answer: 205
Calculation: 191 -(-14)
Gross Profit. Gross profit increased 15%, or $144.4 million, in 2019 compared to 2018, with gross margin increasing approximately 70 basis points to 14.7% of net sales. Our gross profit and gross profit as a percent of net sales by operating segment for 2019 and 2018 were as follows (dollars in thousands):
North America’s gross profit in 2019 increased 19% compared to 2018, and as a percentage of net sales, gross margin increased by approximately 80 basis points year over year. The year over year net increase in gross margin was primarily attributable to the following:
• A net increase in product margin, which includes partner funding and freight, of 30 basis points year over year. This increase was due primarily to improvements in hardware and software product margin partially as a result of improvements in core business margins on product net sales and also as a result of PCM.
• Services margin improvement year over year of 50 basis points was generated from increased vendor funding, cloud solution offerings and referral fees. In addition, there was a 21 basis point improvement in margins from Insight delivered services.
EMEA’s gross profit in 2019 increased 3% (increased 8% excluding the effects of fluctuating foreign currency exchange rates), compared to 2018. As a percentage of net sales, gross margin increased by approximately 40 basis points year over year.
APAC’s gross profit in 2019 increased 1% (increased 6% excluding the effects of fluctuating foreign currency exchange rates), compared to 2018, with gross margin increasing to 22.1% in 2019 from 21.2% in 2018. The improvement in gross margin for both EMEA and APAC in 2019 compared to 2018 was due primarily to changes in sales mix to higher margin products and services.
Table:
 | 2019 | % of Net
Sales | 2018 | % of Net Sales
NorthAmerica | $ 871,114 | 14.5% | $732,695 | 13.7%
EMEA | $227,083 | 14.9% | $221,467 | 14.5%
APAC | $39,901 | 22.1% | $39,556 | 21.2%
Consolidated | $1,138,098 | 14.7% | $993,718 | 14.0%


Question: How much did North America's Gross profit increased in 2019 compared to 2018?
Answer: 19%
17. Called up share capital
Called up share capital is the number of shares in issue at their par value. A number of shares were allotted during the year in relation to employee share schemes.
Accounting policies
Equity instruments issued by the Group are recorded at the amount of the proceeds received, net of direct issuance costs.
Notes: 1 At 31 March 2019 the Group held 1,584,882,610 (2018: 2,139,038,029) treasury shares with a nominal value of €264 million (2018: €356 million). The market value of shares held was €2,566 million (2018: €4,738 million). During the year, 45,657,750 (2018: 53,026,317) treasury shares were reissued under Group share schemes. On 25 August 2017, 729,077,001 treasury shares were issued in settlement of tranche 1 of a maturing subordinated mandatory convertible bond issued on 19 February 2016. On 25 February 2019, 799,067,749 treasury shares were issued in settlement of tranche 2 of the maturing subordinated mandatory convertible bond.
2 On 5 March 2019 the Group announced the placing of subordinated mandatory convertible bonds totalling £1.72 billion with a 2 year maturity date in 2021 and £1.72 billion with a 3 year maturity date due in 2022. The bonds are convertible into a total of 2,547,204,739 ordinary shares with a conversion price of £1.3505 per share.
3 Represents US share awards and option scheme awards.
Table:
 |  | 2019 |  | 2018
 | Number | €m | Number | €m
Ordinary shares of 2020⁄21 US cents each allotted, issued and fully paid:1, 2 |  |  |  | 
1 April | 28,814,803,308 | 4,796 | 28,814,142,848 | 4,796
Allotted during the year3 | 454,870 | – | 660,460 | –
31 March | 28,815,258,178 | 4,796 | 28,814,803,308 | 4,796


Question: How many ordinary shares were allotted during 2019?
Answer: 454,870
Statement of financial position
Net assets have decreased to $157,164,000 at 30 June 2019 from $163,937,000 at 30 June 2018.
Current assets have decreased from 30 June 2018 by 18% to $75,460,000. This is driven by a reduction in cash assets, a result of continued investment in technology and further investment in iMoney. The current component of the trail commission asset is $25,626,000, which increased by 16% since 30 June 2018.
Non-current assets have increased from 30 June 2018 by 2% to $150,607,000 which is largely due to higher non-current trail commission asset partially offset by capital asset writeoffs and Home Loans Goodwill impairment. The non-current component of the trail commission asset is $88,452,000 which increased by 9% since 30 June 2018, mainly due to sales volume and partner mix.
Current liabilities decreased from 30 June 2018 to 30 June 2019 by 20% to $34,555,000 primarily due to payments to suppliers in addition to trade related payable balances post 30 June 2018.
Non-current liabilities have increased by 9% ending on $34,348,000. This relates to an increase in lease liabilities and deferred tax liabilities.
Table:
FINANCIAL PERFORMANCE SUMMARY | 2019  $’000 | 2018  $’000 RESTATED | CHANGE
Current assets | 75,460 | 91,457 | (18%)
Non-current assets | 150,607 | 147,234 | 2%
Total assets | 226,067 | 238,691 | (5%)
Current liabilities | 34,555 | 43,336 | (20%)
Non-current liabilities | 34,348 | 31,418 | 9%
Total liabilities | 68,903 | 74,754 | (8%)
Net assets | 157,164 | 163,937 | (4%)
Equity | 157,164 | 163,937 | (4%)


Question: What is the primary cause of the decrease in the current liabilities?
Answer: due to payments to suppliers in addition to trade related payable balances post 30 June 2018
FAIR VALUE
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Certain fair value estimates are affected by assumptions we make about the amount and timing of future cash flows and discount rates, all of which reflect varying degrees of risk. Income taxes and other expenses that would be incurred on disposition of financial instruments are not reflected in the fair values. As a result, the fair values are not the net amounts that would be realized if these instruments were settled.
The carrying values of our cash and cash equivalents, trade and other receivables, dividends payable, trade payables and accruals, compensation payable, severance and other costs payable, interest payable, notes payable and loans secured by trade receivables approximate fair value as they are short-term.
The following table provides the fair value details of financial instruments measured at amortized cost in the statements of financial position.
(1) Upon adoption of IFRS 16 on January 1, 2019, fair value disclosures are no longer required for leases
Table:
 |  |  | DECEMBER 31, 2019 |  | DECEMBER 31, 2018 | 
 | CLASSIFICATION | FAIR VALUE METHODOLOGY | CARRYING VALUE | FAIR VALUE | CARRYING VALUE | FAIR VALUE
CRTC tangible benefits obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 29 | 29 | 61 | 61
CRTC deferral account obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 82 | 85 | 108 | 112
Debt securities and other debt | Debt due within one year and long-term debt | Quoted market price of debt | 18,653 | 20,905 | 18,188 | 19,178
Finance leases (1) | Debt due within one year and long-term debt | Present value of future cash flows discounted using observable market interest rates | - | - | 2,097 | 2,304


Question: What is the sum of carrying values in 2019?
Answer: 18764
Calculation: 29+82+18,653
transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .

Table:
 | total number ofshares ( or units ) purchased1 | average price paidper share ( or unit ) 2 | total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3 | maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs3
october 1 - 31 | 2140511 | $ 20.54 | 2139507 | $ 227368014
november 1 - 30 | 1126378 | $ 22.95 | 1124601 | $ 201557625
december 1 - 31 | 1881992 | $ 22.97 | 1872650 | $ 158553178
total | 5148881 | $ 21.96 | 5136758 | 
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
we repurchased 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .
3 in february 2015 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2015 share repurchase program 201d ) .
on february 12 , 2016 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .
the new authorization is in addition to any amounts remaining for repurchase under the 2015 share repurchase program .
there is no expiration date associated with the share repurchase programs. .

Question: what is the total cash used for the repurchase of shares during the last three months of the year , ( in millions ) ?
Answer: 113.1
Calculation: multiply(5148881, 21.96), divide(#0, const_1000000)
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing . the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 . the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends . the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. .

Table:
 | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114
.

Question: by how much did american airlines group inc . outperform the amex airline index over the 3 year period?
Answer: 67%
Calculation: subtract(219, 100), divide(#0, 100), subtract(152, 100), divide(#2, 100), subtract(#1, #3)
Adjusted EBITDA Non-GAAP Reconciliation
(UNAUDITED)
($ in millions)
(1) Refer to Non-GAAP Integration and Transformation Costs and Special Items table for details of the integration and transformation costs and special items included above.
Table:
 |  |  | Pro Forma (1)
 | 2019 | 2018 | 2017
Net income (loss) | $(5,269) | (1,733) | 1,508
Income tax expense | 503 | 170 | (770)
Total other expense, net | 2,040 | 2,133 | 2,147
Depreciation and amortization expense | 4,829 | 5,120 | 5,125
Share-based compensation expenses | 162 | 186 | 238
Goodwill impairment | 6,506 | 2,726 | 0
Adjusted EBITDA | 8,771 | 8,602 | 8,248
Exclude: transaction related expenses | 0 | 0 | 192
Exclude: integration and transformation costs(1) | 234 | 378 | 164
Exclude: special items(1) | 65 | 60 | 82
Adjusted EBITDA excluding integration and transformation costs and special items | $9,070 | 9,040 | 8,686
Total revenue | $22,401 | 23,443 | 24,128
Adjusted EBITDA Margin | 39.2% | 36.7% | 34.2%
Adjusted EBITDA Margin, excluding integration and transformation costs and special items | 40.5% | 38.6% | 36.0%


Question: What is the total change in the Adjusted EBITDA margin between 2019 and 2017?
Answer: 5
Calculation: 39.2%-34.2%
stock performance graph the following performance graph compares the cumulative total return ( including dividends ) to the holders of our common stock from december 31 , 2002 through december 31 , 2007 , with the cumulative total returns of the nyse composite index , the ftse nareit composite reit index ( the 201call reit index 201d ) , the ftse nareit healthcare equity reit index ( the 201chealthcare reit index 201d ) and the russell 1000 index over the same period . the comparison assumes $ 100 was invested on december 31 , 2002 in our common stock and in each of the foregoing indices and assumes reinvestment of dividends , as applicable . we have included the nyse composite index in the performance graph because our common stock is listed on the nyse . we have included the other indices because we believe that they are either most representative of the industry in which we compete , or otherwise provide a fair basis for comparison with ventas , and are therefore particularly relevant to an assessment of our performance . the figures in the table below are rounded to the nearest dollar. .

Table:
 | 12/31/2002 | 12/31/2003 | 12/31/2004 | 12/31/2005 | 12/31/2006 | 12/31/2007
ventas | $ 100 | $ 206 | $ 270 | $ 331 | $ 457 | $ 512
nyse composite index | $ 100 | $ 132 | $ 151 | $ 166 | $ 200 | $ 217
all reit index | $ 100 | $ 138 | $ 181 | $ 196 | $ 262 | $ 215
healthcare reit index | $ 100 | $ 154 | $ 186 | $ 189 | $ 273 | $ 279
russell 1000 index | $ 100 | $ 130 | $ 145 | $ 154 | $ 178 | $ 188
ventas nyse composite index all reit index healthcare reit index russell 1000 index .

Question: what was the 5 year return on the nyse composite index?
Answer: 117%
Calculation: subtract(217, 100), divide(#0, 100)
Industry Overview
According to WSTS (an industry research firm), worldwide semiconductor industry sales were $412.1 billion in 2019, a decrease of approximately 12.1% from $468.8 billion in 2018. We participate in unit and revenue surveys and use data summarized by WSTS to evaluate overall semiconductor market trends and to track our progress against the market in the areas we provide semiconductor components. The following table sets forth total worldwide semiconductor industry revenue since 2015:
(1) Based on shipment information published by WSTS. We believe the data provided by WSTS is reliable, but we have not independently verified it. WSTS periodically revises its information. We assume no obligation to update such information.
As indicated above, worldwide semiconductor sales increased from $335.2 billion in 2015 to $412.1 billion in 2019. The decrease of 12.1% from 2018 to 2019 was the result of decreased demand for semiconductor products. Our revenue decreased by $360.4 million, or 6.1%, from 2018 to 2019.
Table:
Year Ended December 31, | Worldwide Semiconductor Industry Sales (1) | Percentage Change
 | (in billions) | 
2019 | $412.1 | (12.1)%
2018 | $468.8 | 13.7%
2017 | $412.2 | 21.6%
2016 | $338.9 | 1.1%
2015 | $335.2 | (0.2)%


Question: What is the change in Worldwide Semiconductor Industry Sales from Year Ended December 31, 2018 to 2019?
Answer: -56.7
Calculation: 412.1-468.8