next-tat/TAT-QA huggingface dataset:
Year Ended December 31,
% Change
2019
2018
2019
(dollars in thousands)
Cost of net revenue
$149,495
$176,223
(15)%
% of net revenue
47%
46%
Gross profit
167,685
208,774
(20)%
% of net revenue
53%
54%

text: Cost of Net Revenue and Gross Profit
text: Cost of net revenue decreased $26.7 million to $149.5 million for the year ended December 31, 2019, as compared to $176.2 million for the year ended December 31, 2018. The decrease was primarily driven by lower sales. The decrease in gross profit percentage for the year ended December 31, 2019, as compared to the year ended December 31, 2018, was due to lower revenue and product mix.
text: We currently expect that gross profit percentage will fluctuate in the future, from period-to-period, based on changes in product mix, average selling prices, and average manufacturing costs.

Questions:
question: What led to decrease in gross profit percentage for the year ended December 31, 2019?
answer: due to lower revenue and product mix.
question: What is the average Cost of net revenue, for the Years Ended December 31, 2019 to 2018?
answer: 162859
derivation: (149,495+176,223) / 2
scale: thousand
question: What is the average % of net revenue for cost of net revenue for the Years Ended December 31, 2019 to 2018?
answer: 46.5
derivation: (47+46) / 2
scale: percent
question: In which year was cost of net revenue less than 150,000 thousands?
answer: 2019
derivation: locate and analyze cost of net revenue in row 4
question: What was the respective cost of net revenue in 2019 and 2018?
answer: $149,495
$176,223
scale: thousand
question: What was the respective gross profit in 2019 and 2018?
answer: 167,685
208,774
scale: thousand
30 June 2019
30 June 2018
Note
$'000
$'000
EXPENSE
Finance costs
4(a)
(54,897)
(25,803)
Data centre rent paid to APDC (included in Data centre facility costs)
4(b)
-
(13,785)
APDC transaction costs (included in Professional fees)
4(c)
(5,459)
-
Landholder duty on acquisition of APDC properties (included in Office and administrative expenses)
4(c)
(3,498)
-

text: 4 Expenses
text: The Group has identified a number of significant expense items below that impacted financial performance for the year:
text: (a) Finance costs
text: Included in finance costs are costs related to unsecured notes on issue and interest expense on lease liabilities.
text: Refer to note 16 for details on unsecured notes on issue and note 12 for details on interest expense on lease liabilities for the year.
text: (b) Data centre rent paid to APDC
text: NEXTDC Limited acquired Asia Pacific Data Centre ("APDC") on 18 October 2018 (refer to note 26). Prior to acquisition, APDC was the landlord of three of NEXTDC’s data centre facilities: M1 Melbourne, S1 Sydney and P1 Perth. For the year ended 30 June 2018, NEXTDC paid rent and ancillary amounts to APDC totalling $13.8 million that was included in the Consolidated Statement of Comprehensive Income in Data centre facility costs. On early adoption of AASB 16 from 1 July 2018, this rent ceased to be a Data centre facility cost, and became a depreciation expense and finance cost, until 18 October 2018, when the three leases were derecognised on acquisition.
text: (c) APDC acquisition costs
text: A number of acquisition related costs were incurred as a result of the acquisition of APDC. Refer note 26 for further details.

Questions:
question: What were the significant expense items, that The Group identified, which had impacted the financial performance for the year?
answer: Finance costs
Data centre rent paid to APDC
APDC transaction costs
Landholder duty on acquisition of APDC properties
question: How much did NEXTDC paid for the rent and ancillary amounts to APDC?
answer: $13.8 million
question: How much was the landholder duty on acquisition of APDC properties in 2019?
answer: 3,498
scale: thousand
question: What was the percentage change in finance costs between 2018 and 2019?
answer: 112.75
derivation: (54,897 - 25,803) / 25,803 
scale: percent
question: What was the most significant expense in FY18?
answer: Finance costs
derivation: (25,803) vs (13,785)
question: What was the sum of all expenses in FY19?
answer: 63854
derivation: 54,897 + 5,459 + 3,498 
scale: thousand
Period
Sales Prices
High
Low
2019 Fiscal Year
First Quarter
$0.29
$0.11
Second Quarter
0.28
0.13
Third Quarter
0.45
0.14
Fourth Quarter
0.63
0.20
2020 Fiscal Year
First Quarter thru March 27, 2020
0.47
$0.12

text: Market and Market Prices of Common Stock
text: During 2016 fiscal year and through February 22, 2017, our common stock was traded on the Nasdaq Capital Market under the symbol “ACUR”. On February 23, 2017, our common stock was delisted from the Nasdaq Capital Market due to our failure to comply with Nasdaq’s Listing Rule 5550(b)(1), which requires that we maintain $2.5 million in stockholders’ equity for continued listing (or meet the alternatives of market value of listed securities of $35 million or net income from continuing operations). NASDAQ had granted us a grace period through February 10, 2017, to regain compliance with Listing Rule 5550(b)(1), but we were unable to regain compliance within such period.
text: Commencing on February 23, 2017, our common stock was quoted on the OTCQB under the symbol “ACUR”, however commencing June 4, 2018 and lasting until July 2, 2018 it was quoted on the OTC Markets OTC Pink tier. The downgrade was a result of the late filing of our 2017 Annual Report on Form 10-K beyond any applicable grace periods. The Company regained compliance with the OTCQB and effective July 3, 2018 it was quoted on the OTCQB. However, commencing May 20, 2019 as a result of late filing of our 2018 Annual Report on Form 10-K our common stock was again relegated to the OTC Markets OTC Pink tier. The Company regained compliance with the OTCQB in March, 2020 and effective March 23, 2020 it was quoted on the OTCQB.
text: Set forth below for the period indicated are the high and low sales prices for our common stock in the OTC Market of OTCQB and Pink tier.
text: On March 27, 2020 the closing sales price of our common stock was $0.22.

Questions:
question: What is the reason for the common stock being delisted from NASDAQ capital market?
answer: our common stock was delisted from the Nasdaq Capital Market due to our failure to comply with Nasdaq’s Listing Rule 5550(b)(1)
question: When did the company regain compliance with OTCQB?
answer: July 3, 2018
question: What is the closing price in March, 2020
answer: $0.22
question: What is the stock fluctuation between high and low in the first quarter of fiscal year 2019?
answer: 0.18
derivation: 0.29 - 0.11 
question: What is the percentage difference between the first and fourth quarter high in fiscal year 2019?
answer: 117.24
derivation: (0.63 - 0.29) / 0.29 
scale: percent
question: What is the average stock price in the first quarter of 2020? 
answer: 0.29
derivation: (0.47 + 0.12) / 2
As at December 31
As at December 31
(In millions of dollars)
2019
2018
Wireless devices and accessories
380
399
Other finished goods and merchandise
80
67
Total inventories
460
466

text: ACCOUNTING POLICY
text: We measure inventories, including wireless devices and merchandise for resale, at the lower of cost (determined on a weighted average cost basis for Wireless devices and accessories and a first-in, first-out basis for other finished goods and merchandise) and net realizable value. We reverse a previous writedown to net realizable value, not to exceed the original recognized cost, if the inventories later increase in value.
text: EXPLANATORY INFORMATION
text: Cost of equipment sales and merchandise for resale includes $2,496 million of inventory costs for 2019 (2018 – $2,515 million).

Questions:
question: How is inventories, including wireless devices and merchandise for resale measured?
answer: We measure inventories, including wireless devices and merchandise for resale, at the lower of cost (determined on a weighted average cost basis for Wireless devices and accessories and a first-in, first-out basis for other finished goods and merchandise) and net realizable value.
question: How is lower of cost determined?
answer: determined on a weighted average cost basis for Wireless devices and accessories and a first-in, first-out basis for other finished goods and merchandise
question: What is included in the Cost of equipment sales and merchandise for resale?
answer: Cost of equipment sales and merchandise for resale includes $2,496 million of inventory costs for 2019 (2018 – $2,515 million).
question: What is the increase/ (decrease) in Wireless devices and accessories from 2018 to 2019?
answer: -19
derivation: 380-399
scale: million
question: What is the increase/ (decrease) in Other finished goods and merchandise from 2018 to 2019?
answer: 13
derivation: 80-67
scale: million
question: What is the increase/ (decrease) in Total inventories from 2018 to 2019?
answer: -6
derivation: 460-466
scale: million
Year Ended December 31,
2019
2018
2017
Subscription revenue
$542,968
$473,052
$396,764
Percentage of subscription revenue to total revenue
94.2%
87.9%
82.3%
Professional services revenue
$33,555
$64,839
$85,221
Percentage of professional services to total revenue
5.8%
12.1%
17.7%
Total revenue
$576,523
537,891
481,985

text: The following table sets forth our sources of revenue for each of the periods indicated (in thousands, except for percentages):
text: Subscription revenue increased by $69.9 million, or 15%, in 2019 when compared to 2018. Subscription revenue growth on a constant currency basis increased 16% in 2019 when compared to 2018. The increase was attributable to new business, which includes new customers, upsells, cross-sells, and renewals from existing customers.
text: Professional services revenue decreased by $31.3 million, or 48%, in 2019 when compared to 2018. The decrease of professional services revenue is attributable to the continued migration of implementation services to our global partners.
text: Subscription revenue increased by $76.3 million, or 19%, in 2018 when compared to 2017. The increase was attributable to new business, which included new customers, upsells, and renewals from existing customers. Professional services revenue decreased by $20.4 million, or 24%, in 2018 when compared to 2017. The decrease of professional services revenue is attributable to the execution of our strategic initiative to migrate much of our implementation services to our global partners.

Questions:
question: Why did subscription revenue increase by $76.3 million between 2018 and 2017?
answer: The increase was attributable to new business, which included new customers, upsells, and renewals from existing customers.
question: What was subscription revenue in 2019?
answer: $542,968
scale: thousand
question: What was Total Revenue in 2019?
answer: $576,523
scale: thousand
question: What was the change in Subscription Revenue between 2018 and 2019?
answer: 69916
derivation: ($542,968-$473,052)
scale: thousand
question: What was the change in Professional services revenue between 2018 and 2019?
answer: -31284
derivation: ($33,555-$64,839)
scale: thousand
question: What is the change in Total Revenue between 2017 and 2018 as a percentage?
answer: 11.6
derivation: ($537,891-$481,985)/$481,985
scale: percent
Year Ended
June 30, 2019
June 30, 2018
June 30, 2017
Domestic 
$22,330
$(55,197)
$(7,228)
Foreign  
(48,204)
8,550
9,824
Total 
$(25,874)
$(46,647)
$2,596

text: 15. Income Taxes
text: Income before income taxes is as follows (in thousands):

Questions:
question: Which years does the table provide information for Income before income taxes?
answer: 2019
2018
2017
question: What was the domestic income before income taxes in 2019?
answer: 22,330
scale: thousand
question: What was the total income in 2017?
answer: 2,596
scale: thousand
question: How many years did Foreign income exceed $5,000 thousand?
answer: 2
derivation: 2018##2017
question: What was the change in domestic income between 2017 and 2018?
answer: -47969
derivation: -55,197-(-7,228)
scale: thousand
question: What was the percentage change in the total income between 2018 and 2019?
answer: -44.53
derivation: (-25,874+46,647)/-46,647
scale: percent
Years ended August 31,
2019
2018 (1)
Change
(in thousands of dollars, except percentages)
$
$
%
Cash flow from operating activities
868,711
620,748
39.9
Cash flow from investing activities
(471,078)
(2,191,666)
(78.5)
Cash flow from financing activities
(659,222)
1,426,136
—
Effect of exchange rate changes on cash and cash equivalents denominated in a foreign currency
(439)
1,989
—
Net change in cash and cash equivalents from continuing operations
(262,028)
(142,793)
83.5
Net change in cash and cash equivalent from discontinued operations(2)
733,807
16,333
—
Cash and cash equivalents, beginning of the year
84,725
211,185
(59.9)
Cash and cash equivalents, end of the year
556,504
84,725
—

text: 5. CASH FLOW ANALYSIS
text: (1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
text: (2) For further details on the Corporation's cash flow attributable to discontinued operations, please consult the "Discontinued operations" section.
text: Fiscal 2019 cash flow from operating activities increased by 39.9% compared to the prior year mainly from: • higher adjusted EBITDA; • the decreases in income taxes paid and in financial expense paid; and • the decrease in integration, restructuring and acquisitions costs.
text: Fiscal 2019 investing activities decreased by 78.5% compared to the prior year mainly due to the MetroCast acquisition of $1.76 billion in the second quarter of fiscal 2018.

Questions:
question: What was the increase in cash flow from operating activities in 2019?
answer: 39.9%
question: In 2019, what was the decrease in cash flow from investing activities?
answer: 78.5%
question: What was the percentage change in Cash and cash equivalents, beginning of the year from 2018 to 2019?
answer: (59.9)
scale: percent
question: What was the increase / (decrease) in the Cash flow from operating activities from 2018 to 2019?
answer: 247963
derivation: 868,711 - 620,748
scale: thousand
question: What was the average Cash flow from investing activities between 2018 and 2019?
answer: -1331372
derivation: -(471,078 + 2,191,666) / 2
scale: thousand
question: What was the increase / (decrease) in the Net change in cash and cash equivalent from discontinued operations from 2018 to 2019?
answer: 717474
derivation: 733,807 - 16,333
scale: thousand
Years Ended December 31,
Process Technologies
2017
2018
2019
%
%
%
14 nanometers and under
0.9
2.6
0.0
28 nanometers
16.2
12.6
11.3
40 nanometers
28.4
25.3
23.1
65 nanometers
12.3
12.5
14.7
90 nanometers
4.9
8.3
13.6
0.11/0.13 micron
11.5
11.6
12.6
0.15/0.18 micron
12.4
13.7
13.1
0.25/0.35 micron
10.0
10.1
8.7
0.50 micron or higher
3.4
3.3
2.9
Total
100.0
100.0
100.0

text: Change in Product Mix and Technology Migration
text: Because the price of wafers processed with different technologies varies significantly, the mix of wafers that we produce is among the primary factors that affect our revenues and profitability. The value of a wafer is determined principally by the complexity and performance of the processing technology used to produce the wafer, as well as by the yield and defect density. Production of devices with higher levels of functionality and performance, with better yields and lower defect density as well as with greater system-level integration requires better manufacturing expertise and generally commands higher wafer prices. The increase in price generally has more than offset associated increases in production cost once an appropriate economy of scale is reached.
text: Prices for wafers of a given level of technology generally decline over the processing technology life cycle. As a result, we have continuously been migrating to increasingly sophisticated technologies to maintain the same level of profitability. We began our volume production with 65-nanometer and 40-nanometer technologies in 2006 and 2009, respectively. We introduced our 28-nanometer technology to customers in 2011 and started large-scale commercial production in 2014. Our 28nm and below technologies contributed approximately 17.1%, 15.2% and 11.3% of our foundry revenue in 2017, 2018 and 2019 respectively.

Questions:
question: In which year were the 65-nanometer technology introduced by the company?
answer: 2011
question: What was the contribution of the 28nm and below technologies in 2019?
answer: 11.3%
question: What was the percentage of 14 nanometers and under in 2017?
answer: 0.9
scale: percent
question: What is the increase / (decrease) in 28 nanometers from 2018 to 2019?
answer: -1.3
derivation: 11.3% - 12.6%
scale: percent
question: What was the average of 40 nanometers?
answer: 25.6
derivation: (28.4% + 25.3% + 23.1%) / 3
scale: percent
question: What percentage of total was 90 nanometers in 2019?
answer: 13.6
derivation: 13.6% / 100%
scale: percent
Expenditure on R&D and innovation
Unconsolidated
Consolidated
FY 2019
FY 2018
FY 2019
FY 2018
a. Capital
2
-
2
-
b. Recurring
303
295
306
298
c. Total R&D expenditure (a+b)
305
295
308
298
d. Innovation center expenditure
1,285
1,079
1,352
1,202
e. Total R&D and innovation expenditure (c+d)
1,590
1,374
1,660
1,500
f. R&D and innovation expenditure as a percentage of total turnover
1.3%
1.4%
1.1%
1.2%

text: Expenditure on R&D
text: TCS Innovation Labs are located in India and other parts of the world. These R&D centers, as certified by Department of Scientific & Industrial Research (DSIR) function from Pune, Chennai, Bengaluru, Delhi- NCR, Hyderabad, Kolkata and Mumbai.
text: Expenditure incurred in the R&D centers and innovation centers during FY 2019 and FY 2018 are given below:

Questions:
question: What does the table show?
answer: Expenditure incurred in the R&D centers and innovation centers during FY 2019 and FY 2018
question: What body certifies the R&D centers?
answer: Department of Scientific & Industrial Research (DSIR)
question: Where do the R&D centers operate in India?
answer: Pune, Chennai, Bengaluru, Delhi- NCR, Hyderabad, Kolkata and Mumbai
question: What is the change in consolidated total R&D expenditure from FY 2018 to FY 2019?
answer: 10
derivation: 308 - 298
question: What is the change in consolidated Capital Expenditure on R&D and innovation between FY 2018 and FY 2019?
answer: 2
derivation: 2 - 0
question: What is the percentage change for consolidated Innovation center expenditure between FY 2018 and FY 2019?
answer: 12.48
derivation: (1,352-1,202)/1,202
scale: percent
Pro Forma Year Ended September 30, 2018 (unaudited)
Pro Forma Year Ended September 30, 2017 (unaudited)
Net sales
$80,958,789
$89,672,074
Income from operations
$5,554,766
$8,174,841
Net income
4,794,757
$5,809,018
Net income per share:
Basic
0.36
$0.43
Diluted
0.36
$0.43

text: The Company incurred approximately $106,000 in legal, professional, and other costs related to this acquisition accounted for as selling and administrative expenses when incurred. The remaining weighted-average useful life of intangible assets acquired was 12.5 years as of the acquisition date.
text: As the active cabinet business was not operated as a separate subsidiary, division or entity, Calix did not maintain separate financial statements for the active cabinet business. As a result, we are unable to accurately determine earnings/loss for the active cabinet business on a standalone basis since the date of acquisition.
text: The following table below reflects our unaudited pro forma combined results of operations as if the acquisition had taken place as of October 1, 2016 and shows the net sales and net income as if the active cabinet business were combined with the Clearfield business for the years ended September 30, 2018 and 2017.
text: The pro forma includes estimated expenses relating to the amortization of intangibles purchased, the amortization of the inventory fair value adjustment, and estimated personnel costs:
text: The pro forma unaudited results do not purport to be indicative of the results which would have been obtained had the acquisition been completed as of the beginning of the earliest period presented or of results that may be obtained in the future. In addition, they do not include any benefits that may result from the acquisition due to synergies that may be derived from the elimination of any duplicative costs.

Questions:
question: What is the approximate legal, professional, and other costs incurred?
answer: $106,000
question: What is the net income per basic share for pro forma year ended September 30, 2018?
answer: 0.36
question: What is the remaining weighted-average useful life of intangible assets acquired?
answer: 12.5 years as of the acquisition date
question: What is the percentage change in net sales from 2017 to 2018?
answer: -9.72
derivation: (80,958,789-89,672,074)/89,672,074
scale: percent
question: What is the percentage change in the income from operations from 2017 to 2018?
answer: -32.05
derivation: (5,554,766-8,174,841)/8,174,841
scale: percent
question: What is the difference between the net income per share between basic and diluted shares in 2018?
answer: 0
derivation: 0.36-0.36