next-tat/TAT-QA huggingface dataset:
30 June 2019
30 June 2019
30 June 2018
30 June 2018
Number of Rights
Average Fair Value
Number of Rights
Average Fair Value
Opening balance
2,948,960
$1.87
3,460,195
$1.26
Granted during the year
828,285
$3.07
762,577
$3.32
Vested during the year
(1,307,885)
$1.19
(1,273,812)
$1.09
Forfeited during the year
-
$0.00
-
$0.00
Closing balance
2,469,360
$2.64
2,948,960
$1.87

text: 21 Share-based payments
text: (a) Performance rights
text: The performance rights plan was established by the Board of Directors to provide long-term incentives to the Group’s Senior Executives based on total shareholder returns (TSR) taking into account the Group’s financial and operational performance. Under the Plan, eligible participants may be granted performance rights on terms and conditions determined by the Board from time to time. Performance rights were granted during the course of FY17, FY18 and FY19. The vesting conditions for grants relate to TSR exceeding the ASX 200 Accumulation Index over the measurement period. Vesting of the rights will be tested on or around the day following the release of each of the annual results for the years ended 30 June 2019, 2020 and 2021 respectively.
text: Performance rights are granted by the Company for nil consideration. The Board has discretion to determine if the value will be provided in shares, cash or a combination of shares and cash. Rights granted under the plan carry no dividend or voting rights.
text: The fair value of the rights at the date of valuation was determined using the Black-Scholes Option Pricing Model to be equal to the volume weighted-average price (VWAP) ending on the day before the grant date, less the dividends expected over the period from the expected grant date to the completion of the measurement period, adjusted for the expected probability of achieving the vesting conditions.

Questions:
question: How was the fair value of the rights at the date of valuation determined?
answer: using the Black-Scholes Option Pricing Model to be equal to the volume weighted-average price (VWAP) ending on the day before the grant date, less the dividends expected over the period from the expected grant date to the completion of the measurement period, adjusted for the expected probability of achieving the vesting conditions.
question: When will the vesting of the rights be tested on?
answer: on or around the day following the release of each of the annual results for the years ended 30 June 2019, 2020 and 2021 respectively.
question: How much performance rights was granted in FY18?
answer: 762,577
question: What was the average difference between number of rights in opening and closing balance for both years?
answer: 495417.5
derivation: ((2,948,960 - 2,469,360) + (3,460,195 - 2,948,960)) / 2 
question: Which year had more rights vested?
answer: 2019
derivation: 2019: (1,307,885) vs 2018: (1,273,812)
question: What was the percentage change in average fair value at closing balance between 2018 and 2019?
answer: 41.18
derivation: (2.64 - 1.87) / 1.87 
scale: percent
FY19 £m
FY18 £m
Change (As reported)
Free Cash Flow
54.9
92.4
-£37.5m
Net Debt
288.5
501.1
Net Debt:EBITDA as per financing agreements
1.8x
2.3x
ROIC
14.4%
15.6%
-120bps

text: Performance
text: Free Cash Flow was £54.9m in FY19 compared to £92.4m in FY18, the decrease primarily reflecting the impact of US cash flows. This represents a conversion rate of 36% of Adjusted EBITDA (FY18: 45%). Excluding the US cash flows, Free Cash Flow Conversion increased to 47% from 33% in FY18, driven by improved EBITDA, lower working capital outflows, lower interest costs and lower exceptional cashflows.
text: Several other factors had a specific impact on cash flow during FY19. These included the effects of the disposal of the US business and associated capital restructuring, as well as the timing of dividend payments.
text: Net Debt decreased to £288.5m from £501.1m at the end of FY18. The Group’s Net Debt:EBITDA leverage as measured under financing agreements was 1.8x at year end. This compared to 1.9x at the end of March 2019 and 2.3x at the end of September 2018. This outturn includes the increased debt associated with the Freshtime acquisition completed in early September 2019. As at 27 September 2019, the Group had committed facilities of £506m with a weighted average maturity of 4.0 years.
text: ROIC was 14.4% for the 12 months ended 27 September 2019, compared to 15.6% for the 12 months ended 28 September 2018. The reduction was primarily driven by increased investment, in particular the timing of the acquisition of Freshtime and was so impacted by an increased tax rate.

Questions:
question: What was the free cash flow in FY19?
answer: £54.9m
question: What factors had a specific impact on cash flow during FY19?
answer: the effects of the disposal of the US business and associated capital restructuring, as well as the timing of dividend payments.
question: What was the Net Debt in FY18? 
answer: £288.5m
question: What was the percentage change in the free cash flow from FY18 to FY19?
answer: -40.58
derivation: (54.9-92.4)/92.4
scale: percent
question: What is the average net debt for FY18 and FY19?
answer: 394.8
derivation: (288.5 + 501.1) / 2
scale: million
question: What is the change in the net debt:EBITDA as per financing agreements from FY18 to FY19?
answer: -0.5
derivation: 1.8 - 2.3
Shares Available for Grant
2019 Plan
2009 Plan
Balance at December 30, 2018
—
483
Authorized
357
—
Options granted
—
—
Options forfeited or expired
26
2
RSUs granted
(113)
(240)
RSUs forfeited
2
54
Plan Shares expired
—
(299)
Balance at December 29, 2019
272
—

text: Stock-Based Compensation Award Activity
text: The following table summarizes the shares available for grant under the 2019 Plan and 2009 Plan (in thousands):

Questions:
question: What are the respective number of options forfeited or expired in the 2019 and 2009 plans?
answer: 26
2
scale: thousand
question: What are the respective number of RSUs granted in the 2019 and 2009 plans?
answer: 113
240
scale: thousand
question: What are the respective number of RSUs forfeited in the 2019 and 2009 plans?
answer: 2
54
scale: thousand
question: What is the percentage change in the number of options forfeited or expired between the 2019 and 2009 plans?
answer: 1200
derivation: (26 - 2)/2 
scale: percent
question: What is the percentage change in the number of RSUs granted between the 2019 and 2009 plans?
answer: -52.92
derivation: (113 - 240)/240 
scale: percent
question: What is the percentage change in the number of RSUs forfeited between the 2019 and 2009 plans?
answer: -96.3
derivation: (2 - 54)/54  
scale: percent
2019 NUMBER
2018 NUMBER
Outstanding at the beginning of the period
768,806
3,384,696
Granted during the period
-
-
Forfeited during the period
(768,806)
(2,615,890)
Exercised during the period
-
-
Outstanding at the end of the period
-
768,806

text: 5.2 Employee share plans (continued)
text: FY2019, FY2018 & FY2017 offer under LTI Plan
text: Each LTI Plan share is offered subject to the achievement of the performance measure, which is tested once at the end of the performance period. The LTI Plans will be measured against one performance measure – relative Total Shareholder Return (TSR). LTI Plan shares that do not vest after testing of the relevant performance measure, lapse without retesting.
text: The shares will only vest if a certain Total Shareholder Return (TSR) relative to the designated comparator group, being the ASX Small Ordinaries Index excluding mining and energy companies, is achieved during the performance period. In relation to the offer, vesting starts where relative TSR reaches the 50th Percentile.
text: At the 50th Percentile, 50% of LTI Plan shares will vest. All LTI Plan shares will vest if relative TSR is above the 75th Percentile. Between these points, the percentage of vesting increases on a straight-line basis.
text: Summary of Shares issued under the FY2017 LTI Plan
text: The following table illustrates the number of, and movements in, shares issued during the year:

Questions:
question: At which percentile will 50% of LTI Plan shares vest?
answer: 50th Percentile
question: When will the shares vest?
answer: if a certain Total Shareholder Return (TSR) relative to the designated comparator group, being the ASX Small Ordinaries Index excluding mining and energy companies, is achieved during the performance period
question: Which performance measure will the LTI Plans be measured against?
answer: relative Total Shareholder Return (TSR)
question: What is the percentage change in the outstanding number of shares at the beginning of the period from 2018 to 2019?
answer: -77.29
derivation: (768,806-3,384,696)/3,384,696
scale: percent
question: What is the percentage change in the number of forfeited shares during the period from 2018 to 2019?
answer: -70.61
derivation: (768,806-2,615,890)/2,615,890
scale: percent
question: In which year is the number of outstanding shares at the beginning of the period higher?
answer: 2018
derivation: Find the year with the higher number of outstanding shares at the beginning of the period
Fiscal Year Ended
September 28, 2019
As Reported
Adjustments due to Topic 606
September 28, 2019
As Adjusted - Without
Adoption of Topic 606
Net sales
$3,164,434
$14,880
$3,149,554
Cost of sales
2,872,596
12,934
2,859,662
       Gross profit
291,838
1,946
289,892
       Operating income
142,055
1,946
140,109
       Income before income taxes
125,955
1,946
124,009
Income tax expense
17,339
440
16,899
           Net income
$108,616
$1,506
$107,110

text: 15. Revenue from Contracts with Customers
text: Impact of Adopting Topic 606
text: The effects of the adoption on the Company's Consolidated Financial Statements for the fiscal year ended September 28, 2019 was as follows (in thousands):

Questions:
question: What was the amount of Net Sales as reported?
answer: 3,164,434
scale: thousand
question: What was the cost of sales adjustments due to Topic 606?
answer: 12,934
scale: thousand
question: What was the Gross Profit after adjustment?
answer: 289,892
scale: thousand
question: How many types of revenues had adjustments that exceeded $10,000 thousand?
answer: 2
derivation: Net sales##cost of sales
question: What was the difference in the amount as reported between Operating income and income before income taxes?
answer: 16100
derivation: 142,055-125,955
scale: thousand
question: What was the percentage change in the net income before and after adjustments?
answer: -1.39
derivation: (107,110-108,616)/108,616
scale: percent
September 30, 2019
September 30, 2018
Deferred income tax assets (liabilities):
Intangibles
$(75,190)
$(70,467)
Property and equipment depreciation
(521,586)
(552,119)
Net operating loss carry forwards and credits
377,505
464,274
Stock-based compensation
114,118
151,558
Inventories
350,197
400,111
Prepaid expenses
(63,252)
(60,806)
Accrued expenses and reserves
371,414
250,787
Goodwill
(607,882)
(583,415)
Gross deferred tax liability
(54,676)
(77)
Valuation allowance
(47,014)
(104,858)
Net deferred tax liability
$(101,690)
$(104,935)

text: Realization of net operating loss carryforwards and other deferred tax temporary differences are contingent upon future taxable earnings. The Company’s deferred tax assets were reviewed for expected utilization by assessing the available positive and negative factors surrounding their recoverability.
text: As of September 30, 2018, the Company’s remaining valuation allowance of approximately $105,000 related to state net operating loss carry forwards. During the fourth quarter of 2019, the Company reversed approximately $58,000 of its valuation allowance. This consisted of decreasing the valuation allowance for the expiration and utilization of state net operating losses in 2019 of approximately $68,000 and increasing the valuation allowance by approximately $10,000 for future expected NOL utilization based on updated profitability estimates and changes to the loss utilization rules. The remaining valuation allowance balance as of September 30, 2019 of approximately $47,000 relates entirely to state net operating loss carry forwards we do not expect to utilize. The Company will continue to assess the assumptions used to determine the amount of our valuation allowance and may adjust the valuation allowance in future periods based on changes in assumptions of estimated future income and other factors. If the valuation allowance is reduced, we would record an income tax benefit in the period the valuation allowance is reduced. If the valuation allowance is increased, we would record additional income tax expense.
text: Significant components of deferred income tax assets and liabilities are as follows at:

Questions:
question: What is the approximate amount of valuation allowance that the Company has reversed in the forth quarter of 2019?
answer: $58,000
question: What actions will the Company take when the valuation allowance is increased?
answer: record additional income tax expense
question: What is the gross deferred tax liability as of September 30, 2018?
answer: 77
question: What is the percentage change in the net operating loss carry forwards and credits from 2018 to 2019?
answer: -18.69
derivation: (377,505-464,274)/464,274
scale: percent
question: What is the percentage change in gross deferred tax liability from 2018 to 2019?
answer: 70907.79
derivation: (54,676-77)/77
scale: percent
question: What is the percentage change in the net deferred tax liability from 2018 to 2019?
answer: -3.09
derivation: (101,690-104,935)/104,935
scale: percent
Year-ended 31 March 2019
Year-ended 31 March 2018
$M
$M
Audit of the Financial Statements
0.4
0.4
Subsidiary local statutory audits
0.2
0.3
Total audit fees
0.6
0.7
Other assurance services
0.1
0.1
Total non-audit fees
0.1
0.1

text: 10 Auditor’s Remuneration
text: The Group paid the following amounts to its auditor in respect of the audit of the historical financial information and for other non-audit services provided to the Group.

Questions:
question: What did the Group pay the following amounts to its auditor in respect to?
answer: in respect of the audit of the historical financial information and for other non-audit services provided to the Group.
question: What is the Audit of the Financial Statements fees for 2019?
answer: 0.4
scale: million
question: What are the items under Total audit fees in the table?
answer: Audit of the Financial Statements
Subsidiary local statutory audits
question: In which year was the amount of Total audit fees larger?
answer: 2018
derivation: 0.7>0.6
question: What was the change in Total audit fees in 2019 from 2018?
answer: -0.1
derivation: 0.6-0.7
scale: million
question: What was the percentage change in Total audit fees in 2019 from 2018?
answer: -14.29
derivation: (0.6-0.7)/0.7
scale: percent
Balance at July 28, 2018
Acquisitions & Divestitures
Other
Balance at July 27, 2019
Americas
$19,998
$1,240
$(118)
$21,120
EMEA
7,529
486
(38)
7,977
APJC
4,179
274
(21)
4,432
Total
$31,706
$2,000
$(177)
$33,529

text: 5. Goodwill and Purchased Intangible Assets
text: (a) Goodwill
text: The following tables present the goodwill allocated to our reportable segments as of July 27, 2019 and July 28, 2018, as well as the changes to goodwill during fiscal 2019 and 2018 (in millions):
text: “Other” in the tables above primarily consists of foreign currency translation as well as immaterial purchase accounting adjustments.

Questions:
question: Which years does the table provide information for the goodwill associated to the company's reportable segments?
answer: 2019
2018
question: What does Other primarily consist of?
answer: foreign currency translation as well as immaterial purchase accounting adjustments.
question: What was the Total balance at July 28, 2018?
answer: 31,706
scale: million
question: What was the change in balance from Americas between 2018 and 2019?
answer: 1122
derivation: 21,120-19,998
scale: million
question: What was the region with the highest  Acquisitions & Divestitures?
answer: Americas
derivation: Compare and find the largest number for Acquisitions & Divestitures for Americas, EMEA and APJC
question: What was the percentage change in the total balance between 2018 and 2019?
answer: 5.75
derivation: (33,529-31,706)/31,706
scale: percent
Years Ended
July 27, 2019
July 28, 2018
July 29, 2017
Cost of sales—product
$90
$94
$85
Cost of sales—service
130
133
134
Share-based compensation expense in cost of sales .
220
227
219
Research and development .
540
538
529
Sales and marketing
519
555
542
General and administrative
250
246
236
Restructuring and other charges
62
33
3
Share-based compensation expense in operating expenses
1,371
1,372
1,310
Total share-based compensation expense
$1,591
$1,599
$1,529
Income tax benefit for share-based compensation .
$542
$558
$451

text: (c) Summary of Share-Based Compensation Expense
text: Share-based compensation expense consists primarily of expenses for stock options, stock purchase rights, restricted stock, and RSUs granted to employees. The following table summarizes share-based compensation expense (in millions):
text: As of July 27, 2019, the total compensation cost related to unvested share-based awards not yet recognized was $3.3 billion, which is expected to be recognized over approximately 2.8 years on a weighted-average basis.

Questions:
question: What was the total compensation cost related to unvested share-based awards not yet recognized as of 2019?
answer: $3.3 billion
question: What does share-based compensation expense consist of?
answer: primarily of expenses for stock options, stock purchase rights, restricted stock, and RSUs granted to employees.
question: Which years does the table provide information for the company's share-based compensation expenses?
answer: 2019
2018
2017
question: What was the change in the product cost of sales between 2017 and 2018?
answer: 9
derivation: 94-85
scale: million
question: What was the total change in research and development between 2017 and 2019?
answer: 11
derivation: 540-529
scale: million
question: What was the percentage change in Total share-based compensation expense between 2018 and 2019?
answer: -0.5
derivation: (1,591-1,599)/1,599
scale: percent
2019
2018
Cumulative Cost Through December 31, 2019
Severance and related charges
$3,041
$4,239
$7,280
Facility relocation and closure charges
1,996
—
1,996
Total restructuring charges
$5,038
$4,239
$9,277

text: ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
text: The table below summarizes the restructuring charges for the years ended:

Questions:
question: What were the severance and related charges in 2019?
answer: $3,041
scale: thousand
question: What were the Facility relocation and closure charges in 2019?
answer: 1,996
scale: thousand
question: What was the total restructuring charges in 2018?
answer: $4,239
scale: thousand
question: What was the change in Severance and related charges between 2018 and 2019?
answer: -1198
derivation: 3,041-4,239
scale: thousand
question: What percentage of total restructuring charges in 2019 consisted of Facility relocation and closure charges?
answer: 39.62
derivation: 1,996/5,038
scale: percent
question: What was the percentage change in total restructuring charges between 2018 and 2019?
answer: 18.85
derivation: ($5,038-$4,239)/$4,239
scale: percent
Fiscal Year
(In thousands)
December 29, 2019
December 30, 2018
December 31, 2017
Geographic distribution of income (loss) from continuing operations before income taxes and equity in earnings of unconsolidated investees:
U.S. loss
$(84,071)
$(778,316)
$(1,242,000)
Non-U.S. income (loss)
110,040
(120,355)
41,250
Income (loss) before income taxes and equity in earnings (loss) of unconsolidated investees
$25,969
$(898,671)
$(1,200,750)
Provision for income taxes:
Current tax (expense) benefit
Federal
$(328)
$(1,155)
$6,816
State
(370)
(553)
6,575
Foreign
(24,588)
(4,100)
(12,074)
Total current tax (expense) benefit
(25,286)
(5,808)
1,317
Deferred tax (expense) benefit
Federal
(100)
—
—
State
—
—
1,450
Foreign
(1,245)
4,798
1,177
Total deferred tax (expense) benefit
(1,345)
4,798
2,627
(Provision for) benefit from income taxes
(26,631)
$(1,010)
$3,944

text: Note 13. INCOME TAXES
text: In the year ended December 29, 2019, our income tax provision of $26.6 million on a profit before income taxes and equity in earnings (losses) of unconsolidated investees of $26.0 million was primarily due to tax expense in foreign jurisdictions that were profitable. In the year ended December 30, 2018, our income tax provision of $1.0 million on a loss before income taxes and equity in earnings of unconsolidated investees of $898.7 million was primarily due to tax expense in foreign jurisdictions that were profitable, offset by tax benefit related to release of valuation allowance in a foreign jurisdiction, and by a release of tax reserves due to lapse of statutes of limitation.
text: The geographic distribution of income (loss) from continuing operations before income taxes and equity earnings (losses) of unconsolidated investees and the components of provision for income taxes are summarized below:

Questions:
question: In which years was the income taxes recorded for?
answer: 2019
2018
2017
question: What was the income tax provision on equity in earnings (losses) of unconsolidated investees in 2019?
answer: $26.0 million
question: What was the state deferred tax (expense) benefit in 2017?
answer: 1,450
scale: thousand
question: Which year was the total current tax benefit the highest?
answer: 2017
derivation: 1,317 > (5,808) > (25,286)
question: What was the change in federal deferred tax  benefit from 2018 to 2019?
answer: -100
derivation: -100 - 0 
scale: thousand
question: What was the percentage change in Total deferred tax benefit  from 2017 to 2018?
answer: 82.64
derivation: (4,798- 2,627)/ 2,627  
scale: percent
Fiscal Year
(In millions, except for percentages)
2019
2018
Income from continuing operations before income taxes
$108
$437
Provision for (benefit from) income taxes
$92
$(690)
Effective tax rate on income from continuing operations
85%
(158)%

text: Provision for income taxes
text: We are a U.S.-based multinational company subject to tax in multiple U.S. and international tax jurisdictions. A substantial portion of our international earnings were generated from subsidiaries organized in Ireland and Singapore. Our results of operations would be adversely affected to the extent that our geographical mix of income becomes more weighted toward jurisdictions with higher tax rates and would be favorably affected to the extent the relative geographic mix shifts to lower tax jurisdictions. Any change in our mix of earnings is dependent upon many factors and is therefore difficult to predict.
text: The increase in our effective tax rate in fiscal 2019 compared to fiscal 2018 was primarily due to one-time benefits from the 2017 Tax Act in fiscal 2018. In addition, increases in tax expense in fiscal 2019 are attributable to the valuation allowance on capital losses for which we cannot yet recognize a tax benefit.

Questions:
question: What is the increase in effective tax rate in fiscal 2019 compared to fiscal 2018 primarily due to?
answer: one-time benefits from the 2017 Tax Act in fiscal 2018
question: What is the Income from continuing operations before income taxes for Fiscal 2018?
answer: $437
scale: million
question: What is the Income from continuing operations before income taxes for Fiscal 2019?
answer: $108
scale: million
question: What is the change in Income from continuing operations before income taxes from fiscal 2018 to fiscal 2019?
answer: 329
derivation: 437-108
scale: million
question: What is the average  Income from continuing operations before income taxes for fiscal 2019 and fiscal 2018?
answer: 272.5
derivation: (108+437)/2
scale: million
question: What is the average  Provision for (benefit from) income taxes?
answer: -299
derivation: (92+(-690))/2
scale: million