next-tat/TAT-QA huggingface dataset:
Fiscal 2018
Fiscal 2017
% Change
(in millions)
Sales
$  207.0
$  168.9
23 %
Operating loss
(0.1)
(9.3)
(99)
Adjusted EBITDA
26.2
14.4
82

text: Cubic Mission Solutions
text: Sales: CMS sales increased 23% to $207.0 million in fiscal 2018 compared to $168.9 million in 2017. The increase in sales was primarily due to increased orders and shipments of expeditionary satellite communications products, tactical networking products, and Command and Control, Intelligence, Surveillance and Reconnaissance (C2ISR) products and services. Businesses acquired during fiscal years 2018 and 2017 whose operations are included in our CMS operating segment had sales of $5.6 million and $1.5 million for fiscal years 2018 and 2017, respectively.
text: Amortization of Purchased Intangibles: Amortization of purchased intangibles included in the CMS results amounted to $20.8 million in 2018 and $23.6 million in 2017. The $2.8 million decrease in amortization expense is related to purchased intangible assets that are amortized based upon accelerated methods.
text: Operating Income: CMS had an operating loss of $0.1 million in 2018 compared to $9.3 million in 2017. CMS realized increased profits from expeditionary satellite communications products, tactical networking products, and C2ISR products and services. As mentioned above, amortization of purchased intangibles decreased to $20.8 million in 2018 compared to $23.6 million in 2017. CMS increased R&D expenditures between 2017 and 2018 by $10.8 million, primarily driven by development of new antenna technologies. Businesses acquired by CMS in fiscal years 2018 and 2017 incurred operating losses of $4.7 million in fiscal 2018 compared to $2.9 million in fiscal 2017. Included in the operating loss incurred by acquired businesses are acquisition transaction costs of $1.6 million and $1.8 million incurred in fiscal years 2018 and 2017, respectively.
text: Adjusted EBITDA: CMS Adjusted EBITDA increased 82% to $26.2 million in 2018 compared to $14.4 million in 2017.
The increase in CMS Adjusted EBITDA was primarily due to the same items described in the operating income section
above, excluding the changes in amortization expense and acquisition transaction costs discussed above as such items are
excluded from Adjusted EBITDA.

Questions:
question: What is the percentage increase in CMS sales in 2018?
answer: 23%
question: What is the decrease in amortization expense related to?
answer: purchased intangible assets that are amortized based upon accelerated methods
question: What did the increase in expeditionary satellite communications products, tactical networking products, C2ISR products and services result in?
answer: increase in sales
increased profits
question: In which year is the amount of amortization of purchased intangibles included in the CMS results larger?
answer: 2017
derivation: 23.6>20.8
question: What is the change in sales in 2018?
answer: 38.1
derivation: 207.0-168.9
scale: million
question: What is the average adjusted EBITDA in 2018 and 2017?
answer: 20.3
derivation: (26.2+14.4)/2
scale: million
2019
2018
Computer equipment
$137,763
$94,384
Furniture and fixtures
187,167
159,648
Subtotal
324,930
254,032
Less accumulated depreciation
148,916
104,702
Property and equipment, net
$176,014
$149,330

text: NOTE 5 – PROPERTY AND EQUIPMENT
text: The Company owned equipment recorded at cost, which consisted of the following as of December 31, 2019 and 2018:
text: Depreciation expense was $80,206 and $58,423 for the years ended December 31, 2019 and 2018, respectively

Questions:
question: What was the depreciation expense in 2018?
answer: $58,423
question: What were the net costs of property and equipment that the Company owned in 2018 and 2019, respectively?
answer: $149,330
$176,014
question: What was the cost of computer equipment in 2018?
answer: $94,384
question: What is the average subtotal cost of property and equipment that the Company owned from 2018 to 2019?
answer: 289481
derivation: (324,930+254,032)/2 
question: What is the percentage change in the net cost of property and equipment from 2018 to 2019?
answer: 17.87
derivation: (176,014-149,330)/149,330 
scale: percent
question: What is the ratio of depreciation expense to accumulated depreciation of property and equipment in 2019?
answer: 0.54
derivation: 80,206/148,916
October 31,
2019
2018
(In thousands)
Parts and supplies
$33,617
$28,287
Prepaid insurance
8,859
8,232
Other prepaid expenses
14,455
6,721
Total prepaid expenses
$56,931
$43,240

text: 4. Prepaid expenses
text: Prepaid expenses consisted of the following:

Questions:
question: What is the value of Parts and supplies for fiscal years 2019 and 2018 respectively?
answer: $33,617
$28,287
scale: thousand
question: What is the value of Prepaid insurance for fiscal years 2019 and 2018 respectively?
answer: 8,859
8,232
scale: thousand
question: What does the table contain data about?
answer: Prepaid expenses
question: What is the average Parts and supplies for fiscal years 2019 and 2018?
answer: 30952
derivation: (33,617+ 28,287)/2
scale: thousand
question: What is the average Prepaid insurance for fiscal years 2019 and 2018?
answer: 8545.5
derivation: (8,859+ 8,232)/2
scale: thousand
question: What is the change in Total prepaid expenses between fiscal years 2019 and 2018?
answer: 13691
derivation: 56,931-43,240
scale: thousand
Years Ended December 31,
2019
2018
Net cash provided by (used in) operating activities from continuing operations
$47,899
$151,427
Net cash provided by (used in) operating activities from discontinued operations
493
(156)
Net cash provided by (used in) operating activities
48,392
151,271
Net cash provided by (used in) investing activities from continuing operations
(393,847)
(113,592)
Net cash provided by (used in) financing activities from continuing operations
338,840
(97,134)
EFFECT OF CURRENCY TRANSLATION ON CASH
(1,496)
(1,030)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
(8,111)
(60,485)
CASH AND CASH EQUIVALENTS, beginning of period
354,552
415,037
CASH AND CASH EQUIVALENTS, end of period
346,441
354,552
Less cash and cash equivalents from discontinued operations
—
5,251
CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period
$346,441
$349,301

text: Share Repurchase
text: On December 18, 2019, the Board of Directors authorized to remove the expiration date to the Company’s common stock share repurchase program and increase the authorized amount by $25.1 million increasing the authorization to repurchase shares up to a total of $50.0 million. As of December 31, 2019, a total of $50.0 million remained available for future share repurchases. We repurchased 1.7 million shares for $95.1 million and 0.4 million shares for $30.0 million in fiscal 2018 and 2017, respectively. There were no shares repurchased in fiscal 2019. CASH FLOWS
text: A summary of our cash provided by and used in operating, investing, and financing activities is as follows (in thousands):

Questions:
question: What did the Board of Directors authorize in 2019?
answer: to remove the expiration date to the Company’s common stock share repurchase program and increase the authorized amount by $25.1 million increasing the authorization to repurchase shares up to a total of $50.0 million.
question: What was the Net cash provided by (used in) operating activities from continuing operations in 2019?
answer: $47,899
scale: thousand
question: What does the table show?
answer: summary of our cash provided by and used in operating, investing, and financing activities
question: What was the change in Net cash provided by (used in) operating activities from continuing operations between 2018 and 2019?
answer: -103528
derivation: $47,899-$151,427
scale: thousand
question: What was the change in Net cash provided by (used in) operating activities between 2018 and 2019?
answer: -102879
derivation: 48,392-151,271
scale: thousand
question: What was the percentage change in cash and cash equivalents from continuing operations at the end of the period between 2018 and 2019?
answer: -0.82
derivation: ($346,441-$349,301)/$349,301
scale: percent
CASH FLOW SUMMARY
2019 $’000
2018 $’000 RESTATED
CHANGE
Net cash provided  from operating  activities
4,709
8,790
46%
Net cash used in  investing activities
(12,337)
(20,092)
(39%)
Net cash used in financing activities
(3,471)
(36,014)
(90%)
Net change in cash and cash equivalent
(11,099)
(47,316)
(77%)

text: Financial position and cash flow
text: Capital expenditure and cash flow
text: Net operating cash inflow was $4,709,000, which was $4,081,000 lower than last year. The reduction in operating revenue was offset by lower operational costs. However, net cash was impacted by the increase in trail to upfront revenue mix. In addition, as a result of the loss position reported for FY18, the Group received a net tax refund of $2,327,000 during the year, compared to the prior year net tax paid of $172,000.
text: Net investing cash outflows for the year was $12,337,000. The $7,755,000 decrease in spend in investing activities relates to the Group’s controlling interest acquisition of iMoney in December 2017.
text: Net financing cash outflows for the 2019 year totalled $3,471,000. This included $2,839,000 lease payments and $497,000 interest expense related to leases. The material decrease against the prior year comparative period relates to $32,918,000 paid in share buy-backs and dividends in the prior period.

Questions:
question: What is the percentage change in the net cash provided from operating activities?
answer: 46%
question: What is the percentage change in the net cash provided from investing activities?
answer: (39%)
question: What is the percentage change in the net cash provided from financing activities?
answer: (90%)
question: What is the change in the net cash provided from operating activities from 2018 to 2019?
answer: -4081
derivation: 4,709-8,790
scale: thousand
question: What is the change in Net cash used in financing activities from 2018 to 2019?
answer: 32543
derivation: (3,471)-(36,014)
scale: thousand
question: What is the change in Net change in cash and cash equivalent from 2018 to 2019?
answer: 36217
derivation: (11,099)-(47,316)
scale: thousand
Year Ended December 31,
2019
2018
2017
Net cash provided by operating activities
$153,327
$256,426
$160,394
Net cash used in investing activities
$(15,381)
$(6,581)
$(4,135)
Net cash used in financing activities
$(150,604)
$(145,184)
$(30,535)

text: ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)
text: Cash flows
text: We prepare our Consolidated Statements of Cash Flows using the indirect method, under which we reconcile net income to cash flows provided by operating activities by adjusting net income for those items that impact net income, but may not result in actual cash receipts or payments during the period. The following table provides a summary of our operating, investing and financing cash flows for the periods indicated.

Questions:
question: Which years does the table provide information for the company's cash flows?
answer: 2019
2018
2017
question: What was the Net cash used in investing activities in 2019?
answer: (15,381)
scale: thousand
question: What was the Net cash provided by operating activities in 2017?
answer: 160,394
scale: thousand
question: How many years did the Net cash provided by operating activities exceed $200,000 thousand?
answer: 1
derivation: 2018
question: What was the change in the Net cash used in investing activities between 2017 and 2019?
answer: -11246
derivation: -15,381-(-4,135)
scale: thousand
question: What was the percentage change in the Net cash used in financing activities between 2018 and 2019?
answer: 3.73
derivation: (-150,604-(-145,184))/-145,184
scale: percent
USDm
2019
2018
Maturity analysis - contractual undiscounted cash flow
Less than one year
7.5
5.2
One to five years
27.6
25.6
More than five years
0.1
-
Total undiscounted lease liabilities as of 31 December
35.2
30.8
Lease liabilities included under "Borrowings" as of 31 December
30.6
25.3
Non-current
10.2
3.2
Current
20.4
22.1

text: Lease liabilities regarding right-of-use assets are included on the balance sheet under “Borrowings”.
text: Extension and termination options are included in several leases in order to optimize operational flexibility in terms of managing contracts. The lease term determined by TORM is the noncancellable period of a lease, together with any extension/termination options if these are/are not reasonably certain to be exercised.

Questions:
question: Why are extension and termination options are included in several leases?
answer: to optimize operational flexibility in terms of managing contracts
question: What is the lease term determined by TORM?
answer: the noncancellable period of a lease, together with any extension/termination options if these are/are not reasonably certain to be exercised
question: What are the different maturity terms under maturity analysis - contractual undiscounted cash flow?
answer: Less than one year
One to five years
More than five years
question: In which year was the amount of Current lease liabilities larger?
answer: 2018
derivation: 22.1>20.4
question: What was the change in non-current lease liabilities?
answer: 7
derivation: 10.2-3.2
scale: million
question: What was the percentage change in non-current lease liabilities?
answer: 218.75
derivation: (10.2-3.2)/3.2
scale: percent
Year Ended December 31, 2019
Year Ended December 31, 2018
Year Ended December 31, 2017
$
$
$
Loss on bond repurchases (1)
(10,601)
(1,772)
—
Loss on lease extinguishment (2)
(1,417)
—
—
Tax indemnification guarantee liability (3)
—
(600)
(50,000)
Contingent liability (4)
—
—
(4,500)
Gain on sale / (write-down) of cost-accounted investment
—
—
1,250
Miscellaneous (loss) income
(2,457)
359
(731)
Other loss
(14,475)
(2,013)
(53,981)

text: Other loss
text: (1) In May 2019, the Company completed a cash tender offer and purchased $460.9 million in aggregate principal amount of the 2020 Notes and issued $250.0 million in aggregate principal amount of 9.25% senior secured notes at par due November 2022. The Company recognized a loss of $10.6 million on the purchase of the 2020 Notes for the year ended December 31, 2019 (see Note 9).
text: (2) During September 2019, Teekay LNG refinanced the Torben Spirit by acquiring the Torben Spirit from its original Lessor and then selling the vessel to another Lessor and leasing it back for a period of 7.5 years. As a result of this refinancing transaction, the Partnership recognized a loss of $1.4 million for the year ended December 31, 2019 on the extinguishment of the original finance lease (see Note 11).
text: (3) Following the termination of the finance lease arrangements for the RasGas II LNG Carriers in 2014, the lessor made a determination that additional rentals were due under the leases following a challenge by the UK taxing authority. As a result, in 2017 the Teekay Nakilat Joint Venture recognized an additional liability, which was included as part of other loss in the Company's consolidated statements of loss.
text: (4) Related to settlements and accruals made prior to September 2017 as a result of claims and potential claims made against Logitel Offshore Holding AS (or Logitel), a company acquired by Altera in 2014. Altera was deconsolidated in September 2017 (see Note 4).
text: (all tabular amounts stated in thousands of U.S. dollars, other than share data and unless otherwise indicated)

Questions:
question: What was the Loss on lease extinguishment in 2019?
answer: (1,417)
scale: thousand
question: What was the loss recognized by the company in December 2019?
answer: $10.6 million
question: What was the loss on bond repurchases in 2019, 2018 and 2017 respectively?
answer: (10,601)
(1,772)
0
scale: thousand
question: What is the average Loss on lease extinguishment for 2017-2019?
answer: -472.33
derivation: -(1,417 + 0 + 0) / 3
scale: thousand
question: In which year is the Gain on sale / (write-down) of cost-accounted investment less than 1,000 thousands?
answer: 2019
2018
derivation: locate and analyze Gain on sale / (write-down) of cost-accounted investment in row 9
question: What is the change in Other loss from 2018 to 2019?
answer: -12462
derivation: -14,475 - (-2,013)
scale: thousand
Year Ended December 31,
2019
2018
Research and development expense:
Stock option awards
$8
$38
RSU awards
13
27
21
$65
General and administrative expense:
Stock option awards
12
61
RSU awards
105
104
117
$165
Total share-based compensation expense
138
$230

text: Share-based Compensation Expense
text: We have several share-based compensation plans covering stock options and RSUs for our employees and directors, which are described more fully in Note 11.
text: We measure our compensation cost related to share-based payment transactions based on fair value of the equity or liability classified instrument. For purposes of estimating the fair value of each stock option unit on the date of grant, we utilize the Black-Scholes option-pricing model. Option valuation models require the input of highly subjective assumptions including the expected volatility factor of the market price of our common stock (as determined by reviewing our historical public market closing prices). Our accounting for share-based compensation for RSUs is based on the closing market price of our common stock on the date of grant.
text: Our total share-based compensation expense recognized in the Company’s results of operations from non-cash and cash-portioned instruments issued to our employees and directors comprised the following (in thousands):

Questions:
question: How is share-based compensation expense measured?
answer: We measure our compensation cost related to share-based payment transactions based on fair value of the equity or liability classified instrument.
question: What are the types of share-based compensation plans?
answer: We have several share-based compensation plans covering stock options and RSUs for our employees and directors
question: What was the total share-based compensation in 2018?
answer: 138
scale: thousand
question: How much did the stock-based compensation expense in the general and administrative operations decreased from 2018 to 2019?
answer: 48
derivation: 165 - 117 
scale: thousand
question: How much percent did the total share-based compensation decreased from 2018 to 2019?
answer: 66.67
derivation: (230 - 138) / 138 
scale: percent
question: What proportion of the total stock-based compensation expense is made up from the research and development operations in 2019?
answer: 15.22
derivation: 21/138 
scale: percent
Years ended December 31
(In millions of dollars, except per share amounts)
2019
2018
Numerator (basic) – Net income for the year
2,043
2,059
Denominator – Number of shares (in millions): Weighted average number of shares outstanding – basic
512
515
Effect of dilutive securities (in millions): Employee stock options and restricted share units
1
1
Weighted average number of shares outstanding – diluted
513
516
Earnings per share:
Basic
$3.99
$4.00
Diluted
$3.97
$3.99

text: EXPLANATORY INFORMATION
text: For the years ended December 31, 2019 and 2018, accounting for outstanding share-based payments using the equity-settled method for stock-based compensation was determined to be more dilutive than using the cash-settled method. As a result, net income for the year ended December 31, 2019 was reduced by $6 million (2018 – $2 million) in the diluted earnings per share calculation.
text: For the year ended December 31, 2019, there were 1,077,875 options out of the money (2018 – 37,715) for purposes of the calculation of earnings per share. These options were excluded from the calculation of the effect of dilutive securities because they were anti-dilutive.

Questions:
question: Which accounting for outstanding share-based payments method was determined to be dilutive?
answer: accounting for outstanding share-based payments using the equity-settled method for stock-based compensation was determined to be more dilutive than using the cash-settled method.
question: How much did the net income reduced for the year ended December 31, 2019?
answer: net income for the year ended December 31, 2019 was reduced by $6 million (2018 – $2 million) in the diluted earnings per share calculation.
question: For the year ended December 31, 2019, how much was the options out of the money for purposes of the calculation of earnings per share?
answer: For the year ended December 31, 2019, there were 1,077,875 options out of the money (2018 – 37,715) for purposes of the calculation of earnings per share.
question: What is the increase/ (decrease) in Numerator (basic) – Net income from 2018 to 2019?
answer: -16
derivation: 2,043-2,059 
scale: million
question: What is the increase/ (decrease) in Basic Earnings per share from 2018 to 2019?
answer: -0.01
derivation: 3.99-4.00
question: What is the increase/ (decrease) in Diluted Earnings per share from 2018 to 2019?
answer: -0.02
derivation: 3.97-3.99
Number of Shares
Fair Value Per Share
Outstanding at September 30, 2016
2,046,169
$4.90
Granted
1,249,224
$6.61
Settled
(707,174)
$4.81
Canceled
(231,198)
$4.93
Outstanding at September 30, 2017
2,357,021
$5.65
Granted
1,184,906
$8.54
Settled
(745,197)
$5.26
Canceled
(216,554)
$7.39
Outstanding at September 30, 2018
2,580,176
$6.92
Granted
1,147,976
$9.67
Settled
(881,420)
$6.53
Canceled
(494,245)
$7.70
Outstanding at September 30, 2019
2,352,487
8.26

text: Restricted Stock Units
text: The following table summarizes RSU activity in the fiscal years ended September 30, 2019, 2018, and 2017:
text: The cost of RSUs is determined using the fair value of the Company’s Common Stock on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $6.8 million, $5.9 million, and $4.0 million in stock-based compensation expense related to outstanding RSUs in the fiscal years ended September 30, 2019, 2018, and 2017, respectively. As of September 30, 2019, the Company had approximately $12.2 million of unrecognized compensation expense related to outstanding RSUs expected to be recognized over a weighted-average period of approximately 2.3 years.

Questions:
question: How is the cost of the Restricted Stock Units (RSUs) determined?
answer: using the fair value of the Company’s Common Stock on the award date
question: How much were the stock-based compensation expenses related to outstanding RSUs in fiscal years 2018 and 2019, respectively?
answer: $5.9 million
$6.8 million
question: What was the number of shares outstanding on September 30, 2016, and 2017, respectively?
answer: 2,046,169
2,357,021
question: What is the proportion of RSUs that were settled or canceled between 2017 and 2018 over RSUs outstanding on September 30, 2017?
answer: 0.41
derivation: (745,197+216,554)/2,357,021 
question: What is the ratio of the price of RSUs that were granted to the price of RSUs that were settled between 2018 and 2019?
answer: 1.93
derivation: (1,147,976*9.67)/(881,420*6.53) 
question: What is the price of RSUs outstanding on September 30, 2019?
answer: 19431542.62
derivation: 2,352,487*8.26