next-tat/TAT-QA huggingface dataset:
Level 1
Level 2
Level 3
(In thousands)
Assets
Cash equivalents: Money market funds
$256,915
$ -
$ -
Other current assets:
Indemnification - Sale of SSL
$ -
$ -
$ 598
Liabilities
Long term liabilities:
Indemnification - Globalstar do Brasil S.A.
$ -
$ -
$145

text: Assets and Liabilities Measured at Fair Value
text: The following table presents our assets and liabilities measured at fair value on a recurring or non-recurring basis at December 31,
2019:
text: The carrying amount of money market funds approximates fair value as of each reporting date because of the short maturity of those
instruments.
text: The Company did not have any non-financial assets or non-financial liabilities that were recognized or disclosed at fair value as of
December 31, 2019.

Questions:
question: What is the usefulness of the carrying amount of money market funds?
answer: approximates fair value as of each reporting date
question: What are the fair value of the company's respective non-financial assets and liabilities recognised or disclosed as of December 31, 2019?
answer: 0
0
scale: thousand
question: What are the company's Level 2 and 3 long term liabilities as at December 31, 2019?
answer: 0
$145
scale: thousand
question: What is the company's net assets measured at fair value as at December 31, 2019?
answer: 257368
derivation: $256,915 + $598 - $145 
scale: thousand
question: What is the fair value of the company's total assets as at December 31, 2019?
answer: 257513
derivation: $256,915 + $598 
scale: thousand
question: What is the total fair value of the company's Level 3 net assets?
answer: 453
derivation: $598 - $145 
scale: thousand
£m
Investment and development property
Other temporary differences
Total
Provided deferred tax provision/(asset):
At 1 January 2018
24.6
(0.9)
23.7
Recognised in the income statement
(5.5)
(0.3)
(5.8)
Foreign exchange movements
0.1
–
0.1
At 31 December 2018
19.2
(1.2)
18.0
Recognised in the income statement
(16.4)
(0.2)
(16.6)
Foreign exchange movements
(0.5)
–
(0.5)
At 31 December 2019
2.3
(1.4)
0.9

text: Balance sheet
text: Under IAS 12 Income Taxes, provision is made for the deferred tax assets and liabilities associated with the revaluation of assets and liabilities at the corporate tax rate expected to apply to the Group at the time the temporary differences are expected to reverse. For those UK assets and liabilities benefiting from REIT exemption the relevant tax rate will be 0 per cent (2018: 0 per cent), and for other UK assets and liabilities the relevant rate will be 19 per cent if the temporary difference is expected to be realised before 1 April 2020 and 17 per cent if it is expected to be realised on or after 1 April 2020 (2018: 19 per cent before 1 April 2020, 17 per cent thereafter). For Spanish assets and liabilities the relevant tax rate will be 25 per cent (2018: 25 per cent).
text: Movements in the provision for deferred tax:
text: The net deferred tax provision of £0.9 million predominantly arises in respect of the revaluation of development property at intu Costa del Sol, partially offset by associated tax losses.

Questions:
question: Why did the net deferred tax provision of £0.9 million arise?
answer: in respect of the revaluation of development property at intu Costa del Sol, partially offset by associated tax losses
question: What is the relevant tax rate for those UK assets and liabilities benefiting from REIT exemption in 2019?
answer: 0 per cent
question: What is the relevant tax rate for Spanish assets and liabilities?
answer: 25 per cent
question: What is the percentage change in the provided deferred tax provision for investment and development property from 1 January 2018 to 31 December 2019?
answer: -90.65
derivation: (2.3-24.6)/24.6
scale: percent
question: What is the percentage change in the total provided deferred tax provision from 1 January 2018 to 31 December 2019?
answer: -2533.33
derivation: (0.9-23.7)/0.9
scale: percent
question: What is the percentage change in the provided deferred tax provision for investment and development property from 31 December 2018 to 31 December 2019?
answer: -88.02
derivation: (2.3-19.2)/19.2
scale: percent
Restructuring
Non-Restructuring
Employee Separation Costs
Exit Costs
Exit Costs
Total
Balance at March 31, 2017
$5.4
$34.8
$—
$40.2
Charges
1.2
0.7
20.0
21.9
Payments
(5.9)
(9.2)
(0.9)
(16.0)
Non-cash - Other
(0.2)
1.0
—
0.8
Changes in foreign exchange rates
0.3
—
—
0.3
Balance at March 31, 2018
0.8
27.3
19.1
47.2
Additions due to Microsemi acquisition
10.4
9.0
—
19.4
Charges
48.9
(4.7)
—
44.2
Payments
(47.1)
(13.1)
(4.1)
(64.3)
Non-cash - Other
—
0.7
0.7
1.4
Changes in foreign exchange rates
(0.1)
—
—
(0.1)
Balance at March 31, 2019
$12.9
$19.2
$15.7
$47.8
Current
$26.9
Non-current
20.9
Total
$47.8

text: The following is a roll forward of accrued restructuring charges for fiscal 2019 and fiscal 2018 (in millions):
text: The liability for restructuring and other exit costs of $47.8 million is included in accrued liabilities and other long-term liabilities, on the Company's consolidated balance sheets as of March 31, 2019.

Questions:
question: What was the liability for restructuring and other exit costs that was included in accrued liabilities and other long-term liabilities as of 2019?
answer: $47.8 million
question: What was the total balance as of 2017?
answer: 40.2
scale: million
question: What were the total Additions due to Microsemi acquisition in 2018?
answer: 19.4
scale: million
question: What was the change in restructuring exit costs for Charges between 2017 and 2018?
answer: 26.6
derivation: 27.3-0.7
scale: million
question: How many years did the total balance exceed $45 million?
answer: 2
derivation: 2019##2018
question: What was the percentage change in the total balance between 2018 and 2019?
answer: 1.27
derivation: (47.8-47.2)/47.2
scale: percent
Number of shares
Weighted average exercise price
Weighted average remaining contractual term
Aggregate Intrinsic Value (in thousands)
Outstanding at September 30, 2017
9,376
4.49
-
-
Granted
-
-
-
-
Expired
(1,250)
6.82
-
-
Forfeited
-
-
-
-
Exercised
(4,626)
4.67
-
-
Outstanding at September 30, 2018
3,500
$3.42
-
-
Granted
-
-
-
-
Expired
(500)
$2.99
-
-
Forfeited
-
-
-
-
Exercised
(1,000)
2.99
-
-
Outstanding at September 30, 2019
2,000
$3.75
.98 years
$19
Exercisable at September 30, 2019
2,000
$3.75
.98 years
$19
Vested and expected to vest at September 30, 2019
2,000
$3.75
.98 years
$19

text: As stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to vest, expense for grants beginning upon adoption on October 1, 2005 has been reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The forfeiture rates for the years ended September 30, 2019 and 2018 were based on actual forfeitures.
text: No cash was used to settle equity instruments granted under share-base payment arrangements in any of the years in the two-year period ended September 30, 2019.
text: The following tables provide summary data of stock option award activity:

Questions:
question: What is the number of outstanding shares as at September 30, 2017?
answer: 9,376
scale: thousand
question: When was stock based compensation adopted by the company?
answer: October 1, 2005
scale: thousand
question: What is the number of shares vested and expected to vest at September 30, 2019
answer: 2,000
scale: thousand
question: What is the amount lost from the expired shares in 2017?
answer: 8525
derivation: 1,250 * 6.82 
scale: thousand
question: What is the total number of expired shares in 2017 and 2018?
answer: 1750
derivation: 1,250 + 500 
question: What is the percentage of outstanding shares as at September 30, 2019 expired between September 30, 2018 and 2019?
answer: 25
derivation: 500/2,000 
scale: percent
($ in millions)
At December 31:
2019
2018
Capitalized costs to obtain a contract
$  609
$  717
Deferred costs to fulfill a contract
Deferred setup costs
1,939
2,085
Other deferred fulfillment costs
1,820
2,173
Total deferred costs (1)
$4,368
$4,975

text: (1) Of the total deferred costs, $1,896 million was current and $2,472 million was noncurrent at December 31, 2019 and $2,300 million was current and $2,676 million was noncurrent at December 31, 2018.
text: The amount of total deferred costs amortized during the year ended December 31, 2019 was $3,836 million and there were no material impairment losses incurred. Refer to note A, “Significant Accounting Policies,” for additional information on deferred costs to fulfill a contract and capitalized costs of obtaining a contract.

Questions:
question: What is the current and noncurrent total deferred costs for 2019?
answer: $1,896 million was current and $2,472 million was noncurrent at December 31, 2019
question: What is the current and noncurrent total deferred costs for 2018?
answer: $2,300 million was current and $2,676 million was noncurrent at December 31, 2018.
question: What is the total deferred costs amortized during 2019?
answer: $3,836 million
question: What is the increase/ (decrease) in Capitalized costs to obtain a contract from 2018 to 2019
answer: -108
derivation: 609-717
scale: million
question: What is the average of Capitalized costs to obtain a contract?
answer: 663
derivation: (609+717) / 2
scale: million
question: What is the average of Deferred setup costs?
answer: 2012
derivation: (1,939 +2,085) / 2
scale: million
2019
2018
Per cent
$ million
$ million
change
Employee remuneration costs1
220.5
208.9
5.6
Distributions to shareholders2
28.6
54.8
(47.8)
Adjusted operating profit3
92.9
77.1
20.5

text: Relative importance of the spend on pay
text: The following table shows the total expenditure on pay for all of the Company’s employees compared to distributions to shareholders by way of dividend. In order to provide context for these figures, adjusted operating profit is also shown.
text: Notes
text: 1. Remuneration, social security costs, pension and other related costs and expense of share-based payment (see Note 8 to the Consolidated Financial Statements).
text: 2. Dividends declared and paid in the year include a special dividend paid in 2018 (see Note 12 of the Consolidated Financial Statements). Removing the Special Dividend would give a figure for 2018 of $24.9 million with an increase of 14.86 per cent to the 2019 figure of $28.6 million.
text: 3. Before exceptional items, acquisition related costs, acquired tangible asset amortisation and share-based payment amounting to $4.3 million in total (2018 $19.6 million) (see Note 3 of the Consolidated Financial Statements).

Questions:
question: What do the employee remuneration costs include?
answer: Remuneration, social security costs, pension and other related costs and expense of share-based payment
question: What do the distributions to shareholders include?
answer: Dividends declared and paid in the year include a special dividend paid in 2018
question: What are the components in the table showing the total expenditure on pay for all of the Company’s employees compared to distributions to shareholders by way of dividend?
answer: Employee remuneration costs
Distributions to shareholders
Adjusted operating profit
question: In which year was the amount of adjusted operating profit larger?
answer: 2019
derivation: 92.9>77.1
question: What was the change in adjusted operating profit?
answer: 15.8
derivation: 92.9-77.1
scale: million
question: What was the average amount of adjusted operating profit recorded across 2018 and 2019?
answer: 85
derivation: (92.9+77.1)/2
scale: million
June 30, 2019
June 24, 2018
(in thousands)
Manufacturing and engineering equipment
$1,039,454
$911,140
Building sand improvements
664,061
530,032
Computer and computer-related equipment
190,974
182,451
Office equipment, furniture and fixtures
82,115
66,378
Land
46,155
46,155
2,022,759
1,736,156
Less: accumulated depreciation and amortization
(963,682)
(833,609)
$1,059,077
$902,547

text: Note 11: Property and Equipment
text: Property and equipment, net, consist of the following:
text: Depreciation expense, including amortization of capital leases, during fiscal years 2019, 2018, and 2017, was $182.1 million, $165.2 million, and $152.3 million, respectively.

Questions:
question: What is the depreciation expense, including amortization of capital leases, during fiscal year 2019?
answer: $182.1 million
question: What is the Manufacturing and engineering equipment amount as of June 30, 2019?
answer: $1,039,454
scale: thousand
question: What is the buildings and improvements amount as of June 30, 2019?
answer: 664,061
scale: thousand
question: What is the percentage change in the Depreciation expense, including amortization of capital leases, from 2018 to 2019?
answer: 10.23
derivation: (182.1-165.2)/165.2
scale: percent
question: What is the percentage change in the accumulated depreciation and amortization from 2018 to 2019?
answer: 15.6
derivation: (963,682-833,609)/833,609
scale: percent
question: in which year is the net amount of property and equipment higher?
answer: 2019
derivation: Find the year with the higher net property and equipment
($ in millions)
For the year ended December 31:
2018*
2017*
Yr.-to-Yr. Percent/ Margin Change
Cloud & Cognitive Software
External gross profit
$17,224
$16,986
1.4%
External gross profit margin
77.6%
78.1%
(0.5)pts.
Pre-tax income
$8,882
$8,068
10.1%
Pre-tax margin
35.0%
32.4%
2.6pts.

text: Cloud & Cognitive Software revenue increased in 2018 compared to the prior year with growth in all three lines of business, as reported and adjusted for currency. Within Cognitive Applications, the increase was driven by strong double-digit growth in security services, while growth in Cloud & Data Platforms was led by analytics platforms and integration offerings. Transaction Processing Platforms grew with improved revenue performance sequentially in the fourth-quarter 2018 versus the third-quarter 2018 reflecting clients’ commitment to the company’s platform for the long term and the value it provides in managing mission-critical workloads. Within Cloud & Cognitive Software, cloud revenue of $3.0 billion grew 10 percent as reported and adjusted for currency compared to the prior year.
text: * Recast to reflect segment changes.
text: Gross margin in Cloud & Cognitive Software was impacted by an increased mix toward SaaS, a mix toward security services and increased royalty costs associated with IP licensing agreements compared to the prior year. Pre-tax income improvement year to year was primarily driven by operational efficiencies and mix.

Questions:
question: What impacted the Gross margin in Cloud & Cognitive Software?
answer: impacted by an increased mix toward SaaS, a mix toward security services and increased royalty costs associated with IP licensing agreements compared to the prior year
question: What drove the Pre-tax income improvement?
answer: primarily driven by operational efficiencies and mix.
question: What was the gross profit margin in 2018?
answer: 77.6%
question: What is the increase / (decrease) in the external gross profit from 2017 to 2018?
answer: 238
derivation: 17,224 - 16,986
scale: million
question: What is the average Pre-tax income?
answer: 8475
derivation: (8,882 + 8,068) / 2
scale: million
question: What is the increase / (decrease) in the Pre-tax margin from 2017 to 2018?
answer: 2.6
derivation: 35.0% - 32.4%
scale: percent
(in thousands)
December 31, 2019
December 31, 2018
Contract assets (1)
$5,558
$3,711
Long-term contract assets (2)
5,420
2,543
$10,978
$6,254
Deferred revenue
$190,080
$185,145
Long-term deferred revenue (3)
5,407
5,344
$195,487
$190,489

text: Contract assets and deferred revenue
text: (1) Included in other current assets. (2) Included in other long-term assets. (3) Included in other long-term liabilities.
text: Contract assets are client committed amounts for which revenue recognized exceeds the amount billed to the client and the right to payment is subject to conditions other than the passage of time, such as the completion of a related performance obligation. Deferred revenue consists of billings and payments received in advance of revenue recognition. Contract assets and deferred revenue are netted at the contract level for each reporting period.
text: The change in deferred revenue in the year ended December 31, 2019 was primarily due to new billings in advance of revenue recognition, partially offset by revenue recognized during the period that was included in deferred revenue at December 31, 2018.

Questions:
question: What is the change in deferred revenue in the year ended December 31, 2019 primarily due to?
answer: new billings in advance of revenue recognition, partially offset by revenue recognized during the period that was included in deferred revenue at December 31, 2018
question: What are contract assets and long-term contract assets respectively classified under?
answer: other current assets
other long-term assets
question: What are long-term deferred revenue respectively classified under?
answer: other long-term liabilities
question: What is the percentage change in contract assets between 2018 and 2019?
answer: 49.77
derivation: (5,558 - 3,711)/3,711 
scale: percent
question: What is the percentage change in long-term contract assets between 2018 and 2019?
answer: 113.13
derivation: (5,420 - 2,543)/2,543 
scale: percent
question: What is the percentage change in long-term deferred revenue between 2018 and 2019?
answer: 1.18
derivation: (5,407 - 5,344)/5,344 
scale: percent
2019
2018
Weighted-average fair value of options granted per share
$8.78
$6.63
Historical volatility
60%
46%
Risk-free interest rate
2.10%
2.84%
Dividend yield
—
—
Expected life in years
3.6
5.7

text: The Company utilized the Black-Scholes option pricing model to value the stock options. The Company used an expected life as defined under the simplified method, which is using an average of the contractual term and vesting period of the stock options. The risk-free interest rate used for the award is based on the U.S. Treasury yield curve in effect at the time of grant. The Company accounted for forfeitures as they occur. The historical volatility was calculated based upon implied volatility of the Company's historical stock prices.
text: The fair value of 2019 and 2018 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:
text: As of December 31, 2019, there was approximately $419,000 of unrecognized stock-based compensation expense related to outstanding 2019 stock options, expected to be recognized over 3.4 and approximately $418,000 of unrecognized stock-based compensation expense related to outstanding 2018 stock options, expected to be recognized over 2.4 years. There was no unrecognized stock-based compensation expense relating stock options granted prior to 2018.

Questions:
question: Which model did the company use to value the stock options?
answer: Black-Scholes option pricing model
question: What is the historical volatility used in 2019 and 2018 respectively?
answer: 60%
46%
question: What is the risk-free interest rate used in 2019 and 2018 respectively?
answer: 2.10%
2.84%
question: What is the average risk-free interest rate used in 2018 and 2019?
answer: 2.47
derivation: (2.10+ 2.84)/2
scale: percent
question: What is the change in expected life in years used in the Black-Scholes model between 2018 and 2019?
answer: -2.1
derivation: 3.6-5.7
question: Which year has a higher weighted-average fair value of options granted per share used in the Black-Scholes model?
answer: 2019
derivation: Look at Row 2, and compare the values in COL3 and COL 4 to determine the answer
2019
2018
$ million
$ million
Cash at bank
103.9
57.7
Short-term bank deposits
79.3
63.9
183.2
121.6

text: 22. Cash and cash equivalents
text: Cash at bank earns interest at floating interest rates. Of the total cash and cash equivalents balance, $79.3 million (2018 $63.9 million) is callable at notice of three months or less at the date of investment.
text: Short-term bank deposits are made for varying periods of between one day and three months depending on the cash requirements of the Group and earn interest at the short-term deposit rates appropriate for the term of the deposit and currency.
text: At the end of 2019, the currency split of cash and cash equivalents was US Dollar 78 per cent (2018 83 per cent), Sterling 11 per cent (2018 8 per cent) and other currencies 11 per cent (2018 9 per cent).
text: For the purposes of the cash flow statement, cash and cash equivalents comprise the above amounts.

Questions:
question: What amount of the total cash and cash equivalents balance is callable at notice of three months or less at the date of investment in 2019?
answer: $79.3 million
question: What are short-term bank deposits made for?
answer: varying periods of between one day and three months depending on the cash requirements of the Group and earn interest at the short-term deposit rates appropriate for the term of the deposit and currency.
question: What are the items under cash and cash equivalents, for the purposes of the cash flow statement?
answer: Cash at bank
Short-term bank deposits
question: In which year was the amount of short-term bank deposits larger?
answer: 2019
derivation: 79.3>63.9
question: What was the change in the cash at bank?
answer: 46.2
derivation: 103.9-57.7
scale: million
question: What was the percentage change in the cash at bank?
answer: 80.07
derivation: (103.9-57.7)/57.7
scale: percent