hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cost of Revenue, Gross Profit, and Gross Margin
Cost of revenue increased $4.9 million, or 3%, in 2019 as compared to 2018. The increase in cost of revenue was primarily due to $12.1 million in increased personnel expenses, stock-based compensation, and overhead costs, $3.9 million in increased content costs, $3.6 million in increased amortization of acquired intangible assets, and $1.6 million in increased capitalized software amortization. These increased costs were partially offset by $16.4 million in decreased external implementation professional service costs. These costs were incurred to service our existing customers and support our continued growth. The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin.
Cost of revenue increased $1.5 million, or 1%, in 2018 as compared to 2017. The increase in cost of revenue was primarily due to $6.0 million in increased capitalized software amortization and $4.5 million in increased content costs. These increased costs were partially offset by $6.6 million in decreased amortization of acquired intangible assets and $2.9 million in external implementation service costs. These costs were incurred to service our existing customers and support our continued growth. The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (dollars in thousands) | 
Cost of revenue | $149,215 | $144,349 | $142,867
Gross profit | $427,308 | $393,542 | $339,118
Gross margin | 74.1% | 73.2% | 70.4%


Question: What was the change in gross margin between 2018 and 2019?
Answer: 0.9
Calculation: (74.1%-73.2%)
Revenues
Fiscal 2019 revenues from satellite programs, one of the Company’s largest business area, increased by $8.6 million, or 61%, compared to the prior fiscal year. For Fiscal 2019 satellite program revenues for government end use were 46% of total revenues as compared to 36% for the prior fiscal year. Satellite program revenues for commercial end use were 5% and 14% of total revenue for Fiscal 2019 and Fiscal 2018, respectively. Revenues on satellite program contracts are recorded in the FEI-NY segment and are recognized primarily under the POC method. Sales revenues from non-space U.S. Government/DOD customers increased by approximately $5.2 million or 29% in Fiscal 2019 compared to prior fiscal year. These revenues are recorded in both the FEI-NY and FEI-Zyfer segments and accounted for approximately 46% and 45% of consolidated revenues for fiscal years 2019 and 2018, respectively. For the year ended April 30, 2019, other commercial and industrial sales accounted for approximately 8% of consolidated revenues compared to approximately 19% for fiscal year 2018. Sales in this business area were $3.9 million for the year ended April 30, 2019 compared to $7.6 million for the preceding year. Changes in revenue for the current year are partially due to implementation of ASU 2014-09 (see Note 1 to the Consolidated Financial Statements).
Table:
 |  | Fiscal years ended April 30, (in thousands) |  | 
 |  |  | Change | 
 | 2019 | 2018 | $ | %
FEI-NY | $38,096 | $26,936 | $11,160 | 41%
FEI-Zyfer | 12,235 | 15,272 | (3,037 ) | (20%)
Intersegment sales | (822) | (2,801) | 1,979 | (71%)
 | $49,509 | $39,407 | $10,102 | 26%


Question: How much did revenues from satellite programs change in 2019?
Answer: increased by $8.6 million, or 61%, compared to the prior fiscal year.
5. Creditors
Accounting policies
Capital market and bank borrowings
Interest-bearing loans and overdrafts are initially measured at fair value (which is equal to cost at inception) and are subsequently measured at amortised cost using the effective interest rate method, except where they are identified as a hedged item in a designated hedge relationship. Any difference between the proceeds net of transaction costs and the amount due on settlement or redemption of borrowings is recognised over the term of the borrowing
Notes: 1 Amounts owed to subsidiaries are unsecured, have no fixed date of repayment and are repayable on demand.
Included in amounts falling due after more than one year are other loans of €31,157 million which are due in more than five years from 1 April 2019 and are payable otherwise than by instalments. Interest payable on these loans ranges from 0.375% to 7.875%.
Details of bond and other debt issuances are set out in note 20 “Borrowing and capital resources” in the consolidated financial statements
Table:
 | 2019 | 2018
 | €m | €m
Amounts falling due within one year: |  | 
Bank loans and other loans | 4,835 | 8,367
Amounts owed to subsidiaries1 | 232,896 | 220,625
Derivative financial instruments | 463 | 229
Taxation payable | – | 9
Other creditors | 945 | 120
Accruals and deferred income | 66 | 46
 | 239,205 | 229,396
Amounts falling due after more than one year: |  | 
Deferred tax | 17 | –
Other loans | 46,208 | 32,199
Derivative financial instruments | 1,924 | 2,133
 | 48,149 | 34,332


Question: What is the 2019 amounts owed to subsidiaries within one year?
Answer: 232,896
Disaggregation of Revenue
The following table presents the Company's revenue disaggregated by major product category (amounts in thousands):
Software and hardware revenue is generated from on premise software license sales, as well as sales of hardware scanner boxes and on premise appliance products. Service and other revenue is generated from the sale of transactional SaaS products and services, maintenance associated with the sale of software and hardware, and consulting and professional services.
Table:
 |  | Twelve Months Ended September 30, | 
 | 2019 | 2018 | 2017
Major product category |  |  | 
Deposits software and hardware | $41,860 | $33,071 | $25,407
Deposits service and other | 15,170 | 8,437 | 6,963
Deposits revenue | 57,030 | 41,508 | 32,370
Identity verification software and hardware | 4,985 | 7,627 | 4,240
Identity verification service and other | 22,575 | 14,424 | 8,780
Identity verification revenue | 27,560 | 22,051 | 13,020
Total revenue | $84,590 | $63,559 | $45,390


Question: How is software and hardware revenue generated from?
Answer: on premise software license sales, as well as sales of hardware scanner boxes and on premise appliance products
21. Subsidiaries
The advances given to subsidiaries were interest-free and unsecured with settlement neither planned nor likely to occur in the foreseeable future.
The deemed investment in a subsidiary, Singtel Group Treasury Pte. Ltd. (“SGT”), arose from financial guarantees provided by the Company for loans drawn down by SGT prior to 1 April 2010.
The significant subsidiaries of the Group are set out in Note 44.1 to Note 44.3.
Table:
 |  | Company | 
 | 31 March 2019 | 31 March 2018 | 1 April 2017
 | S$ Mil | S$ Mil | S$ Mil
Unquoted equity shares, at cost | 14,259.7 | 13,676.4 | 11,001.2
Shareholders' advances | 5,733.0 | 5,733.0 | 6,423.3
Deemed investment in a subsidiary | 32.5 | 32.5 | 32.5
 | 20,025.2 | 19,441.9 | 17,457.0
Less: Allowance for impairment losses | (16.0) | (16.0) | (16.0)
 | 20,009.2 | 19,425.9 | 17,441.0


Question: What is the average balance of the total across the 3 years?
Answer: 18958.7
Calculation: (20,009.2 + 19,425.9 + 17,441.0) / 3
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
8. Cash and Cash Equivalents
Cash and cash equivalents consist of the following:
Ship management client accounts represent amounts provided by the clients of GasLog LNG Services Ltd. in order to enable the Group to cover obligations of vessels under management. A compensating balance is held as a current liability.
Table:
 | As of December 31, | 
 | 2018 | 2019
Current accounts | 220,089 | 113,655
Time deposits (with original maturities of three months or less). | 121,925 | 149,491
Ship management client accounts | 580 | 601
Total | 342,594 | 263,747


Question: What was the percentage change in total cash and cash equivalents from 2018 to 2019?
Answer: -23.01
Calculation: (263,747 - 342,594)/342,594
OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
We use derivative instruments to: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification. Gains and losses from changes in fair values of derivatives that are not designated as hedging instruments are primarily recognized in other income (expense), net.
Fiscal Year 2019 Compared with Fiscal Year 2018 Interest and dividends income increased primarily due to higher yields on fixed-income securities. Interest expense decreased primarily driven by a decrease in outstanding long-term debt due to debt maturities, offset in part by higher finance lease expense. Net recognized gains on investments decreased primarily due to lower gains on sales of equity investments. Net gains on derivatives includes gains on foreign exchange and interest rate derivatives in the current period as compared to losses in the prior period.
Fiscal Year 2018 Compared with Fiscal Year 2017 Dividends and interest income increased primarily due to higher average portfolio balances and yields on fixed-income securities. Interest expense increased primarily due to higher average outstanding long-term debt and higher finance lease expense. Net recognized gains on investments decreased primarily due to higher losses on sales of fixed-income securities, offset in part by higher gains on sales of equity securities. Net losses on derivatives decreased primarily due to lower losses on equity, foreign exchange, and commodity derivatives, offset in part by losses on interest rate derivatives in the current period as compared to gains in the prior period.
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Interest and dividends income | $    2,762 | $    2,214 | $   1,387
Interest expense | (2,686) | (2,733) | (2,222)
Net recognized gains on investments | 648 | 2,399 | 2,583
Net gains (losses) on derivatives | 144 | (187) | (510)
Net losses on foreign currency remeasurements | (82) | (218) | (111)
Other, net | (57) | (59) | (251)
Total | $  729 | $ 1,416 | $  876


Question: What is the average total income from 2017 to 2019?
Answer: 1007
Calculation: (729+1,416+876)/3
Charges made to the consolidated income statement and consolidated statement of comprehensive income (‘SOCI’) on the basis of the assumptions stated above are:
Note: 1 Following a High Court judgement on 21 October 2018 which concluded that defined benefit schemes should equalise pension benefits for men and women in relation to guaranteed minimum pension (‘GMP’) benefits the Group has recorded a pre-tax past service cost of €16 million (£14 million) in the year ended 31 March 2019.
Table:
 | 2019 €m | 2018 €m | 2017 €m
Current service cost | 31 | 34 | 43
Past service costs1 | 16 | 2 | (27)
Net interest charge | 10 | 8 | 4
Total included within staff costs | 57 | 44 | 20
Actuarial losses recognised in the SOCI | 33 | 94 | 274


Question: What is the 2018 average actuarial losses recognised in the SOCI ?
Answer: 184
Calculation: (94+274)/2
Expected realisation of remaining performance obligations at year end
The Company applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.
For contracts that exceed one year, deferred income that relates to unsatisfied or partially satisfied performance obligations at year end is expected to be recognised as revenue in the future as follows:
The above information represents the revenue the Company will recognise when it satisfies the remaining performance obligations in the contracts. The amounts presented do not include orders for which neither party has performed.
Revenue from the sale of hardware and software generally arises from contracts less than one year in length. Consequently, the above amounts predominantly relate to the sale of maintenance and support services.
Virtually all of the revenue will be recognised within three years.
The Company provides standard warranties on its products and services. The nature of these warranties is considered to provide customers with assurance that the related product or service will function as intended in accordance with the agreed specification, and does not contain or imply any additional service obligation to the customer. Warranty obligations are estimated and recognised as liabilities based on the probable outflow of resources.
Table:
 | 2019 | 2018
 | £ million | £ million
Within one year | 1.0 | 1.2
Greater than one year | 0.8 | 0.9
 | 1.8 | 2.1


Question: In which year was the amount within one year larger?
Answer: 2018
Calculation: 1.2>1.0
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: based on the december 31 , 2013 , devon 2019s weighted average borrowing rate on its commercial paper borrowings what was the potential value of its commercial paper asset in billions
Answer: 0.9
Calculation: multiply(const_3, 0.30)
Supported by a recovery in commodity-related markets, orders and revenue showed broad-based growth year-over-year with strongest increases in the mechanical drives business. Overall, Portfolio Companies businesses made good progress in achieving their targets. Adjusted EBITA improved in all fully consolidated units and turned positive in total, mainly driven by the large drives applications business.
The result from equity investments in total also improved slightly, though it was negative in both periods under review. Severance charges decreased to € 14 million, from € 86 million in fiscal 2018. Portfolio Companies’ order backlog was € 5 billion at the end of the fiscal year, of which € 3 billion are expected to be converted into revenue in fiscal 2020. Regarding Portfolio Companies’ at-equity investments, volatile results are expected in coming quarters.
Markets for Portfolio Companies are generally impacted by rising uncertainties regarding geopolitical and economic developments, which weaken investment sentiment. Although the broad range of businesses are operating in diverse markets, overall, moderate growth is expected in the coming years for the main markets served by the Portfolio Companies.
Beginning with fiscal 2020, the equity investments Ethos Energy Group Limited and Voith Hydro Holding GmbH & Co. KG, the subsea business, and the majority of the process solutions business will be transferred to the Operating Company Gas and Power. If this organizational structure had already existed in fiscal 2019, Portfolio Companies would have posted orders of € 4.746 billion, revenue of € 4.558 billion and Adjusted EBITA of €(115) million.
Mitsubishi-Hitachi Metals Machinery (MHMM) and Siemens AG reached an agreement in September 2019, that MHMM will acquire Siemens’ stake in Primetals Technologies. Closing of the transaction is subject to customary conditions and is expected by the beginning of calendar 2020.
Table:
 |  | Fiscal year |  | % Change
(in millions of €) | 2019 | 2018 | Actual | Comp.
Orders | 5,806 | 5,569 | 4 % | 3 %
Revenue | 5,526 | 4,930 | 12 % | 11 %
Adjusted EBITA | (71) | (305) | 77 % | 
Adjusted EBITA margin | (1.3) % | (6.2) % |  | 


Question: What was the average orders for 2019 and 2018?
Answer: 5687.5
Calculation: (5,806 + 5,569) / 2
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
Disaggregation of Revenue
The following table presents our sales by product line, which includes certain reclassifications to prior comparative periods to conform to our current year presentation:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Semiconductor Equipment | $403,018 | $533,770 | $554,063
Industrial & Medical | 245,992 | 185,122 | 116,949
Data Center Computing | 91,438 | — | —
Telecom & Networking | 48,500 | — | —
Total | $788,948 | $718,892 | $671,012


Question: What was the sales for Semiconductor Equipment in 2017?
Answer: $554,063
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the nyse for the years 2015 and 2014. .

Table:
2015 | high | low
quarter ended march 31 | $ 101.88 | $ 93.21
quarter ended june 30 | 98.64 | 91.99
quarter ended september 30 | 101.54 | 86.83
quarter ended december 31 | 104.12 | 87.23
2014 | high | low
quarter ended march 31 | $ 84.90 | $ 78.38
quarter ended june 30 | 90.73 | 80.10
quarter ended september 30 | 99.90 | 89.05
quarter ended december 31 | 106.31 | 90.20
on february 19 , 2016 , the closing price of our common stock was $ 87.32 per share as reported on the nyse .
as of february 19 , 2016 , we had 423897556 outstanding shares of common stock and 159 registered holders .
dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) .
generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) .
we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , issued in may 2014 ( the 201cseries a preferred stock 201d ) , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) .
dividends are payable quarterly in arrears , subject to declaration by our board of directors .
the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will be dependent upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant .
we have distributed an aggregate of approximately $ 2.3 billion to our common stockholders , including the dividend paid in january 2016 , primarily subject to taxation as ordinary income .
during the year ended december 31 , 2015 , we declared the following cash distributions: .

Question: as of february 19 , 2016 what was the market capitalization
Answer: 37014734589.9
Calculation: multiply(423897556, 87.32)
As lessee — We lease restaurants and other facilities, which generally have renewal clauses of 1 to 20 years exercisable at our option. In some instances, these leases have provisions for contingent rentals based upon a percentage of defined revenues. Many of our restaurant and other facility leases also have rent escalation clauses and require the payment of property taxes, insurance, and maintenance costs. We also lease certain restaurant and office equipment. Minimum rental obligations are accounted for on a straight-line basis over the term of the initial lease, plus lease option terms for certain locations.
The components of rent expense were as follows in each fiscal year (in thousands):
Table:
 | 2019 | 2018 | 2017
Minimum rentals | $184,587 | $184,106 | $185,696
Contingent rentals | 2,255 | 2,221 | 2,419
Total rent expense | 186,842 | 186,327 | 188,115
Less rental expense on subleased properties | (170,651) | (162,640) | (145,728)
Net rent expense | $16,191 | $23,687 | $42,387


Question: What is the difference in minimum rentals between 2018 and 2019?
Answer: 481
Calculation: 184,587-184,106
NOTE 21. REVENUE
Geographical information is summarized as follows:
For geographical reporting, the revenue is attributed to the geographical location in which the customer’s facilities are located.
Table:
 | Year ended December 31, | 
 | 2018 | 2019
(EUR thousand) | Revenue | Revenue
United States | 175,855 | 339,463
Europe | 165,602 | 126,203
Asia | 476,624 | 818,194
Total | 818,081 | 1,283,860


Question: What was the percentage change in revenue from 2018 to 2019?
Answer: 56.94
Calculation:  (1,283,860 - 818,081 )/ 818,081