hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Restructuring and Related Charges
Following is a summary of our restructuring and related charges:
(1) Includes $21.5 million, $16.3 million and $51.3 million recorded in the EMS segment, $2.6 million, $16.6 million and $82.4 million recorded in the DMS segment and $1.8 million, $4.0 million and $26.7 million of non-allocated charges for the fiscal years ended August 31, 2019, 2018 and 2017, respectively. Except for asset write-off costs, all restructuring and related charges are cash settled.
(2) Fiscal year ended August 31, 2017, includes expenses related to the 2017 and 2013 Restructuring Plans.
Table:
 |  | Fiscal Year Ended August 31, | 
(dollars in millions) | 2019 | 2018 | 2017(2)
Employee severance and benefit costs | $16.0 | $16.3 | $56.8
Lease costs | — | 1.6 | 4.0
Asset write-off costs | (3.6) | 16.2 | 94.3
Other costs | 13.5 | 2.8 | 5.3
Total restructuring and related charges (1) | $25.9 | $36.9 | $160.4


Question: What was the percentage change in other costs between 2018 and 2019?
Answer: 382.14
Calculation: (13.5-2.8)/2.8
Other intangible assets at fiscal year ends 2019 and 2018 consisted of the following:
Goodwill, trademarks and tradenames are considered to have indefinite useful lives and therefore no amortization has been taken on these assets. The Company’s retail reporting unit recorded intangible asset (trademarks and tradenames) impairment charges of approximately $2.9 million during fiscal 2019 and goodwill impairment charges of approximately $1.9 million during fiscal 2018 when it was determined that the carrying values of these assets exceeded their fair values. These impairment charges arose from a range of considerations including, but not limited to, heightened competition in the industry, retail sector market conditions, and earning shortfalls which impacted the Company’s projections of future cash flows to be generated. These impairment charges were recorded in the Company’s consolidated statement of operations as a component of operating income.
Goodwill recorded on the Company’s consolidated balance sheet represents amounts allocated to its wholesale reporting unit which totaled $4.4 million at both September 2019 and September 2018. The Company determined that the estimated fair value of its wholesale reporting unit exceeded its carrying value at both September 2019 and September 2018.
Table:
 | September 2019 | September 2018
Trademarks and tradenames (Retail Segment) | $500,000 | $3,373,269
ustomer relationships (Wholesale Segment) (less accumulated amortization of approximately $2.1 million at both September 2019 and September 2018) | — | 41,667
 | $  500,000 | $3,414,936


Question: What is the percentage change in the value of company's customer relationships between 2018 and 2019?
Answer: -100
Calculation: (0 - 41,667)/41,667
* Recast to reflect segment changes.
Global Technology Services revenue decreased 0.2 percent as reported (1 percent adjusted for currency) in 2018 compared to the prior year, with Infrastructure & Cloud Services up 0.8 percent as reported (flat adjusted for currency) offset by a decline in Technology Support Services.
In Infrastructure & Cloud Services, the business focused on prioritizing the portfolio to deliver high-value solutions to bring productivity to clients and allow for expanding workloads, while it exited some lower-value offerings. Technology Support Services was impacted by the hardware product cycle dynamics in 2018 but grew its multivendor services offerings. Within GTS, cloud revenue of $8.0 billion grew 22 percent as reported and 21 percent adjusted for currency compared to the prior year.
Table:
($ in millions) |  |  |  | 
For the year ended December 31: | 2018 | 2017 | Yr.-to-Yr. Percent Change | Yr.-to-Yr. Percent Change Adjusted for Currency
Global Technology Services external revenue | $29,146 * | $29,213 * | (0.2)% | (0.8)%
Infrastructure & Cloud Services | $22,185* | $22,016* | 0.8% | 0.0%
Technology Support Services | 6,961 | 7,196 | (3.3) | (3.5)


Question: How much did the cloud revenue grew within GTS?
Answer: Within GTS, cloud revenue of $8.0 billion grew 22 percent as reported and 21 percent adjusted for currency compared to the prior year.
A.4.2 Income
As a result of the development described for the segments, Income from continuing operations before income taxes declined 7 %. Severance charges for continuing operations were € 619 million, of which € 492 million were in Industrial Businesses. Accordingly, Adjusted EBITA margin Industrial Businesses excluding severance charges was 11.5 % in fiscal 2019. In fiscal 2018, severance charges for continuing operations were € 923 million, of which € 669 million were in Industrial Businesses.
The tax rate of 25% for fiscal 2019 was below the tax rate of 26% for the prior year, benefiting mainly from the reversal of income tax provisions outside Germany. As a result, Income from continuing operations declined 6%.
Income from discontinued operations, net of income taxes in the prior year included positive effects from the release of a provision related to former Communications activities.
The decline in basic earnings per share reflects the decrease of Net income attributable to Shareholders of Siemens AG, which was € 5,174 million in fiscal 2019 compared to € 5,807 million in fiscal 2018, partially offset by a lower number of weighted average shares outstanding. Basic earnings per share excluding severance charges was € 6.93.
As expected, ROCE at 11.1 % was below the target range set in our Siemens Financial Framework, reflecting in particular the effects from portfolio transactions in recent years, including the acquisitions of Mentor and Mendix at Digital Industries and the merger of Siemens’ wind power business with Gamesa Corporación Tecnológica, S. A. that created SGRE. The decline year-over-year was due both to lower income before interest after tax and to higher average capital employed.
Table:
 |  | Fiscal year | 
(in millions of €, earnings per share in €) | 2019 | 2018 | % Change
Digital Industries | 2,880 | 2,898 | (1) %
Smart Infrastructure | 1,500 | 1,574 | (5) %
Gas and Power | 679 | 722 | (6) %
Mobility | 983 | 958 | 3 %
Siemens Healthineers | 2,461 | 2,221 | 11 %
Siemens Gamesa Renewable Energy | 482 | 483 | 0 %
Industrial Businesses | 8,986 | 8,857 | 1 %
Adjusted EBITA margin Industrial Businesses | 10.9 % | 11.1 % | 
Financial Services | 632 | 633 | 0 %
Portfolio Companies | (71) | (305) | 77 %
Reconciliation to Consolidated Financial Statements | (2,028) | (1,135) | (79) %
Income from continuing operations before income taxes | 7,518 | 8,050 | (7) %
Income tax expenses | (1,872) | (2,054) | 9 %
Income from continuing operations | 5,646 | 5,996 | (6) %
Income from discontinued operations, net of income taxes | 3 | 124 | (98) %
Net income | 5,648 | 6,120 | (8) %
Basic earnings per share | 6.41 | 7.12 | (10) %
ROCE | 11.1 % | 12.6 % | 


Question: What was the tax rate in 2019?
Answer: 25%
Valuation and Qualifying Accounts
Following is our schedule of valuation and qualifying accounts for the last three years (in thousands):
(1) Amounts under “Other” represent the reserves and valuation allowance assumed in acquisition of LoJack.
The warranty reserve is included in the Other Current Liabilities in the consolidated balance sheets.
(2) Amount under “Other” represents the valuation allowance previously netted against deferred tax assets of foreign net deferred tax assets not recorded on the balance sheet, which were disclosed narratively in the fiscal 2018 Form 10-K (see Note 12). Deferred tax assets and valuation allowances were grossed up by $15.1 million.
Table:
 |  | Charged |  |  | 
 |  | (credited) |  |  | 
 | Balance at | to costs |  |  | Balance at
 | beginning | and |  |  | end of
 | of year | expenses | Deductions | Other | year
Allowance for doubtful accounts: |  |  |  |  | 
Fiscal 2017 | 622 | 541 | (201) | - | 962
Fiscal 2018 | 962 | 685 | (461) | - | 1,186
Fiscal 2019 | 1,186 | 1,230 | (660) |  | 1,756
Warranty reserve: |  |  |  |  | 
Fiscal 2017 (1) | 1,892 | 1,305 | (2,562) | 5,883 | 6,518
Fiscal 2018 | 6,518 | 1,331 | (2,115) | - | 5,734
Fiscal 2019 | 5,734 | 1,126 | (5,462) |  | 1,398
Deferred tax assets valuation allowance: |  |  |  |  | 
Fiscal 2017 (1) | 1,618 | 1,391 | - | 3,578 | 6,587
Fiscal 2018 (2) | 6,587 | - | (4,835) | 15,092 | 16,844
Fiscal 2019 | 16,844 | 799 | (6,714) | - | 10,929


Question: What was the change in Other from Deferred tax assets valuation allowance between Fiscal 2017 and 2018?
Answer: 11514
Calculation: (15,092-3,578)
Dividends and Share Repurchases
Following is a summary of the dividends and share repurchases for the fiscal years ended August 31, 2019, 2018, 2017 and 2016 (in thousands):
(1) The difference between dividends declared and dividends paid is due to dividend equivalents for unvested restricted stock units that are paid at the time the awards vest.
(2) Excludes commissions.
We currently expect to continue to declare and pay regular quarterly dividends of an amount similar to our past declarations. However, the declaration and payment of future dividends are discretionary and will be subject to determination by our Board each quarter following its review of our financial performance.
In June 2018, the Board authorized the repurchase of up to $350.0 million of our common stock. As of August 31, 2019, the total amount authorized by the Board of Directors had been repurchased.
In September 2019, the Board authorized the repurchase of up to $600.0 million of our common stock as part of a two-year capital allocation framework. From September 24, 2019 through October 14, 2019, we repurchased 874,475 shares, utilizing a total of $30.8 million of the $600.0 million authorized by the Board.
Table:
 | Dividends Paid(1) | Share Repurchases(2) | Total
Fiscal year 2016 | $62,436 | $148,185 | $210,621
Fiscal year 2017 | $59,959 | $306,397 | $366,356
Fiscal year 2018 | $57,833 | $450,000 | $507,833
Fiscal year 2019 | $52,004 | $350,000 | $402,004
Total | $232,232 | $1,254,582 | $1,486,814


Question: What were the share repurchases in 2017?
Answer: $306,397
29. Contract balances
The following table provides information about receivables and contract liabilities from contracts with customers. The Group does not have any contract assets.
There was no revenue recognised in 2019, 2018 or 2017 from performance obligations satisfied in previous periods.
The timing of revenue recognition, invoicing and cash collections results in trade receivables, deferred income and advance customer payments received on account on the balance sheet.
The Group receives payments from customers based on a billing schedule, as established in the contract. Trade receivables are recognised when the right to consideration becomes unconditional. Contract liabilities are recognised as revenue as (or when) the Group performs under the contract.
The Group also recognises incremental costs incurred to obtain a contract as an asset if it expects to recover those costs. Such costs are presented in the balance sheet as assets recognised from costs to obtain a contract and disclosed in note 21.
Table:
 |  | 2019 | 2018 | 2017
 | Notes | $ million | $ million | $ million
Trade receivables | 20 | 128.7 | 123.4 | 113.8
Contract liabilities |  |  |  | 
Payments received on account | 23 | 2.3 | 1.0 | 3.8
Deferred income | 25 | 66.8 | 69.6 | 72.7
 |  | 69.1 | 70.6 | 76.5
Revenue recognised in the period from amounts included in contract liabilities at the beginning of the period |  | 56.2 | 65.5 | 62.1


Question: What was the change in trade receivables in 2019 from 2018?
Answer: 5.3
Calculation: 128.7-123.4
4. Property and Equipment
Property and equipment consist of the following (in thousands):
Depreciation and amortization expense was $0.9 million and $1.0 million for the years ended December 31, 2019 and 2018, respectively.
Table:
As of December 31, |  | 
 | 2019 | 2018
Computers, software, furniture and fixtures | $1,406 | $1,407
Equipment under capital lease  3,348 | 3,348 | 3,525
Less accumulated depreciation and amortization | (3,171) | (2,448)
Property and equipment, net | $1,583 | $2,484


Question: What is the percentage change in the net value of property and equipment between 2018 and 2019?
Answer: -36.27
Calculation: ($1,583-$2,484)/$2,484
During the year ended 31 December 2019, the Company repurchased 3,486,700 shares on the Stock Exchange for an aggregate consideration of approximately HKD1.16 billion before expenses. The repurchased shares were subsequently cancelled. The repurchase was effected by the Board for the enhancement of shareholder value in the long term. Details of the shares repurchased are as follows:
Save as disclosed above and in Note 32 to the consolidated financial statements, neither the Company nor any of its subsidiaries has purchased, sold or redeemed any of the Company’s shares during the year ended 31 December 2019.
Table:
 | Purchase consideration per share |  |  | 
 |  |  |  | Aggregate
 | No. of shares | Highest | Lowest | consideration
Month of purchase in 2019 | purchased | price paid | price paid | paid
 |  | HKD | HKD | HKD
August | 362,200 | 327.00 | 312.40 | 116,330,916
September | 2,294,500 | 351.00 | 323.60 | 776,104,729
October | 830,000 | 327.80 | 317.40 | 268,272,462
Total: | 3,486,700 |  |  | 1,160,708,107


Question: What percentage of total shares purchased is the August share purchase?
Answer: 10.39
Calculation: 362,200/3,486,700
Contractual Obligations
The following summarizes our contractual obligations at June 30, 2019, and the effect such obligations are expected to have on our liquidity and cash flow in future periods (in thousands):
The contractual obligations referenced above are more specifically defined as follows:
Debt obligations relate to amounts owed under our Credit Agreement.
Inventory unconditional purchase obligations represent the purchase of long lead-time component inventory that our contract manufacturers procure in accordance with our forecast. We expect to honor the inventory purchase commitments within the next 12 months.
Contractual commitments to suppliers for future services.
Deferred payments represent Data Center Business consideration obligation of $1.0 million per quarter.
Contingent consideration for the Capital Financing Business acquisition, at fair value. Actual payments could be different
Non-cancelable operating lease obligations represent base rents and operating expense obligations.
Other liabilities include our commitments towards debt related fees and specific arrangements other than inventory.
The amounts in the table above exclude immaterial income tax liabilities related to uncertain tax positions as we are unable to reasonably estimate the timing of the settlement.
We did not have any material commitments for capital expenditures as of June 30, 2019.
Table:
 | Total   | Less than
1 Year | 1-3 years     | 3-5 years   | More than
5 years
Contractual Obligations:                         |  |  |  |  | 
Debt obligations | $180,500 | $9,500 | $28,500 | $142,500 | $—
Interest on debt obligations   | 25,582 | 8,333 | 14,952 | 2,297 | —
Inventory unconditional purchase obligations | 51,241 | 51,241 | — | — | —
Contractual commitments | 94,000 | 23,500 | 47,000 | 23,500 | —
Non-cancellable operating lease obligations | 104,678 | 22,733 | 41,854 | 23,804 | 16,287
Deferred payments for an acquisition | 15,000 | 4,000 | 8,000 | 3,000 | —
Contingent consideration for an acquisition | 6,298 | 4,236 | 2,013 | 49 | —
Other liabilities   | 379 | 124 | 249 | 6 | —
Total contractual cash obligations  | $477,678 | $123,667 | $142,568 | $195,156 | $16,287


Question: What did Debt obligations relate to?
Answer: amounts owed under our Credit Agreement.
item 6 . selected financial data the following table represents our selected financial data . the table should be read in conjunction with item 7 and item 8 of this report . the table below reflects immaterial error corrections discussed in note 2 : summary of significant accounting policies in item 8. .

Table:
( $ in millions except per share amounts ) | year ended december 31 2012 | year ended december 31 2011 | year ended december 31 2010 | year ended december 31 2009 | year ended december 31 2008
sales and service revenues | $ 6708 | $ 6575 | $ 6723 | $ 6292 | $ 6189
goodwill impairment | 2014 | 290 | 2014 | 2014 | 2465
operating income ( loss ) | 358 | 100 | 241 | 203 | -2332 ( 2332 )
net earnings ( loss ) | 146 | -100 ( 100 ) | 131 | 119 | -2397 ( 2397 )
total assets | 6392 | 6069 | 5270 | 5097 | 4821
long-term debt ( 1 ) | 1779 | 1830 | 105 | 283 | 283
total long-term obligations | 4341 | 3838 | 1637 | 1708 | 1823
free cash flow ( 2 ) | 170 | 331 | 168 | -269 ( 269 ) | 121
dividends declared per share | $ 0.10 | $ 2014 | $ 2014 | $ 2014 | $ 2014
basic earnings ( loss ) per share ( 3 ) | $ 2.96 | $ -2.05 ( 2.05 ) | $ 2.68 | $ 2.44 | $ -49.14 ( 49.14 )
diluted earnings ( loss ) per share ( 3 ) | $ 2.91 | $ -2.05 ( 2.05 ) | $ 2.68 | $ 2.44 | $ -49.14 ( 49.14 )
basic earnings ( loss ) per share ( 3 ) $ 2.96 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) diluted earnings ( loss ) per share ( 3 ) $ 2.91 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities .
( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures .
see liquidity and capital resources in item 7 for more information on this measure .
( 3 ) on march 30 , 2011 , the record date of the stock distribution associated with the spin-off from northrop grumman , approximately 48.8 million shares of $ 0.01 par value hii common stock were distributed to northrop grumman stockholders .
this share amount was utilized for the calculation of basic and diluted earnings ( loss ) per share for the three months ended march 31 , 2011 , and all prior periods , as no common stock of the company existed prior to march 30 , 2011 , and the impact of dilutive securities in the three month period ended march 31 , 2011 , was not meaningful. .

Question: during 2010 , what was the return on assets?
Answer: 2.5%
Calculation: divide(131, 5270)
Cash Flows
The following table summarizes our cash flows for the periods indicated:
Operating Activities
Our primary source of cash from operating activities has been cash collections from our customers. We expect cash inflows from operating activities to be primarily affected by increases in total bookings. Our primary uses of cash from operating activities have been for domain registration costs paid to registries, software licensing fees related to third-party email and productivity solutions, personnel costs, discretionary marketing and advertising costs, technology and development costs and interest payments. We expect cash outflows from operating activities to be affected by the timing of payments we make to registries and increases in personnel and other operating costs as we continue to grow our business and increase our international presence.
Net cash provided by operating activities increased $163.6 million from $559.8 million in 2018 to $723.4 million in 2019, primarily driven by our bookings growth as well as increased interest income.
Investing Activities
Our investing activities primarily consist of strategic acquisitions and purchases of property and equipment to support the overall growth of our business and our increased international presence. We expect our investing cash flows to be affected by the timing of payments we make for capital expenditures and the strategic acquisition or other growth opportunities we decide to pursue.
Net cash used in investing activities decreased $119.5 million from $254.8 million in 2018 to $135.3 million in 2019, primarily due to a $106.9 million decrease in business acquisitions.
Financing Activities
Our financing activities primarily consist of long-term debt borrowings, the repayment of principal on long-term debt, stock option exercises and share repurchases.
Net cash from financing activities decreased $503.9 million from $47.0 million provided in 2018 to $456.9 million used in 2019, primarily resulting from $458.6 million of share repurchases in 2019, a $44.4 million increase in acquisition contingent consideration payments and $13.2 million of financing-related costs paid in 2019.
Table:
 | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017
Net cash provided by operating activities | $723.4 | $559.8 | $475.6
Net cash used in investing activities | (135.3) | (254.8) | (1,570.1)
Net cash provided by (used in) financing activities | (456.9) | 47.0 | 1,107.5
Effect of exchange rate changes on cash and cash equivalents | (0.8) | (2.3) | 3.6
Net increase in cash and cash equivalents | $130.4 | $349.7 | $16.6


Question: Between 2018 and 2019, which year has the highest Net increase in cash and cash equivalents?
Answer: 2018
Calculation: 349.7> 130.4
2017 Restructuring Plan
On September 15, 2016, the Company’s Board of Directors formally approved a restructuring plan to better align the Company’s global capacity and administrative support infrastructure to further optimize organizational effectiveness. This action includes headcount reductions across the Company’s selling, general and administrative cost base and capacity realignment in higher cost locations (the “2017 Restructuring Plan”).
The 2017 Restructuring Plan, totaling $195.0 million in restructuring and other related costs, is complete as of August 31, 2019.
The tables below summarize the Company’s liability activity, primarily associated with the 2017 Restructuring Plan (in thousands):
Table:
 | Employee Severance and Benefit Costs | Lease Costs | Asset Write-off Costs | Other Related Costs | Total
Balance as of August 31, 2017 | $ 33,580 | $1,665 | $ — | $ 3,143 | $38,388
Restructuring related charges | 16,269 | 1,596 | 16,264 | 2,773 | 36,902
Asset write-off charge and other non-cash activity | (127) | 525 | (16,264) | 25 | (15,841)
Cash payments | (31,591) | (1,102) | — | (5,419) | (38,112)
Balance as of August 31, 2018 | 18,131 | 2,684 | — | 522 | 21,337
Restructuring related charges | 16,029 | (41) | (3,566) | 2,071 | 14,493
Asset write-off charge and other non-cash activity | (494) | — | 3,566 | (18) | 3,054
Cash payments | (30,504) | (663) | — | (1,786) | (32,953)
Balance as of August 31, 2019 | $3,162 | $1,980 | $— | $789 | $5,931


Question: Why did the Company's Board of Directors formally approve a restructuring plan on September 15, 2016?
Answer: to better align the Company’s global capacity and administrative support infrastructure to further optimize organizational effectiveness