next-tat/TAT-QA huggingface dataset:
March 31,
2019
2018
United States
$57,095
$49,530
Japan
89,602
79,855
Thailand
82,389
74,100
Mexico
121,147
62,503
Italy
35,197
39,398
China
45,815
36,396
Portugal
31,872
29,073
Macedonia
12,906
13,723
Bulgaria
5,480
5,597
Sweden
4,800
6,005
Other (1)
8,977
9,136
Total Non-United States
438,185
355,786
$495,280
$405,316

text: Notes to Consolidated Financial Statements (Continued)
text: The following geographic information includes Property, plant and equipment, net, based on physical location (amounts in thousands):
text: (1) No country included in this caption exceeded 1% of consolidated Property, plant and equipment net for fiscal years 2019 and 2018.

Questions:
question: Which years does the table provide information for Property, plant and equipment, net, based on physical location?
answer: 2019
2018
question: What was the net amount of property, plant and equipment in Japan in 2019?
answer: 89,602
scale: thousand
question: What was the net amount of property, plant and equipment in Thailand in 2018?
answer: 74,100
scale: thousand
question: How many years did Total net property, plant and equipment from Non-United States regions exceed $400,000 thousand?
answer: 1
derivation: 2019
question: What was the change in the net property, plant and equipment in China between 2018 and 2019?
answer: 9419
derivation: 45,815-36,396
scale: thousand
question: What was the percentage change in the total net property, plant and equipment between 2018 and 2019?
answer: 22.2
derivation: (495,280-405,316)/405,316
scale: percent
2018
2019
As per January 1:
Issued shares
62,297,394
56,297,394
Treasury shares
6,157,241
6,978,496
Outstanding shares
56,140,153
49,318,898
Changes during the year:
Cancellation of treasury shares
6,000,000
5,000,000
Share buybacks
7,242,734
950,902
Treasury shares used for share based performance programs
421,479
498,224
As per December 31:
Issued shares
56,297,394
51,297,394
Treasury shares
6,978,496
2,431,174
Outstanding shares
49,318,898
48,866,220

text: TREASURY SHARES
text: On December 31, 2019, we had 48,866,220 outstanding common shares excluding 2,431,174 treasury shares. This compared to 49,318,898 outstanding common shares and 6,978,496 treasury shares at year-end 2018. Besides the cancellation of 5 million treasury shares in July 2019, the change in the number of treasury shares in 2019 was the result of approximately 950,000 repurchased shares and approximately 498,000 treasury shares that were used as part of share based payments.

Questions:
question: What was the reason for the change in the number of treasury shares in 2019?
answer: the result of approximately 950,000 repurchased shares and approximately 498,000 treasury shares that were used as part of share based payments
question: What is the number of outstanding common shares on December 31, 2019?
answer: 48,866,220
question: What is the Cancellation of treasury shares for 2019?
answer: 5,000,000
question: What is the  Outstanding shares expressed as a ratio of  Issued shares for december 2019?
answer: 0.95
derivation:  48,866,220/51,297,394
question: What is the percentage change in  Share buybacks from during the year 2018 to during the year 2019?
answer: -86.87
derivation:  (950,902-7,242,734)/ 7,242,734
scale: percent
question: What is the percentage change in outstanding shares  As per December 31 from 2018 to 2019?
answer: -0.92
derivation: (48,866,220- 49,318,898)/ 49,318,898
scale: percent
December 31, 2019
December 31, 2018
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
Assets
Cash and cash equivalents
Money market funds
$256,915
$ -
$ -
$254,552
$ -
$ -
Other current assets:
Indemnification - Sale of SSL
$ -
$ -
$598
$ -
$ -
$2,410
Liabilities
Long term liabilities
Indemnification - Globalstar do Brasil S.A.
$ -
$ -
$145
$ -
$ -
$184

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 (in thousands):
text: The carrying amount of cash equivalents 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 and December 31, 2018.

Questions:
question: What are the company's respective Level 3 fair value assets and liabilities in 2018?
answer: $2,410
$184
scale: thousand
question: What are the company's respective Level 3 fair value assets and liabilities in 2019?
answer: $598
$145
scale: thousand
question: What are the respective values of the Level 1 money market funds in 2018 and 2019 respectively?
answer: $254,552
$256,915
scale: thousand
question: What is the value of the company's net assets in 2019?
answer: 257368
derivation: 256,915 + 598 - 145 
scale: thousand
question: What is the value of the company's net assets in 2018?
answer: 256778
derivation: 254,552 + 2,410 - 184 
scale: thousand
question: What is the percentage change in the company's Level 3 liabilities between 2018 and 2019?
answer: -21.2
derivation: (145 - 184)/184 
scale: percent
Fair value as of
September 30, 2019
September 30, 2018
Fair Value Measurements Using Inputs Considered as
Fair Value Measurements Using Inputs Considered as
Asset category
Total
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Cash on deposit
$279
$279
$-
$-
$36
$36
$-
$-
Pooled funds
7,959
7,959
-
-
8,234
8,234
-
-
Total plan assets
$8,238
$8,238
$-
$-
$8,270
$8,270
$-
$-

text: The fair value of the assets held by the U.K. pension plan by asset category are as follows:
text: The expected long-term rates of return on plan assets are equal to the yields to maturity of appropriate indices for government and corporate bonds and by adding a premium to the government bond return for equities. The expected rate of return on cash is the Bank of England base rate in force at the effective date.
text: Level 1 investments represent mutual funds for which a quoted market price is available on an active market. These investments primarily hold stocks or bonds, or a combination of stocks and bonds.

Questions:
question: What do Level 1 investments represent?
answer: Mutual funds for which a quoted market price is available on an active market
question: What is the expected rate of return on cash?
answer: The Bank of England base rate in force at the effective date.
question: How is the expected long-term rates of return on plan assets determined?
answer: Adding a premium to the government bond return for equities
question: What is the difference in the Level 2 and 3 cash on deposit as of September 2019?
answer: 0
derivation: 0 - 0 
scale: thousand
question: What is the the value of the 2019 cash on deposit as a percentage of the total 2019 plan assets? 
answer: 3.39
derivation: 279/8,238 
scale: percent
question: What is the percentage change in the total plan assets between 2018 and 2019?
answer: -0.39
derivation: ($8,238 - $8,270)/ $8,270 
scale: percent
Fiscal year ended January 31,
2019
2018
2017
(in millions)
Interest and investment expense, net
$(52.1)
$(34.5)
$(29.7)
Gain (loss) on foreign currency
5.1
(3.3)
(3.3)
Gain (loss) on strategic investments
12.5
(16.4)
0.3
Other income
16.8
6.0
8.5
Interest and other expense, net
$(17.7)
$(48.2)
$(24.2)

text: Interest and Other Expense, Net
text: The following table sets forth the components of interest and other expense, net:
text: Interest and other expense, net, positively changed by $30.5 million during fiscal 2019, as compared to fiscal 2018, primarily driven by curtailment gains on our pension plans, mark-to-market gains on certain of our privately-held strategic investments, realized gains on sales of strategic investments, offset by an increase in interest expense resulting from our term loan entered into on December 17, 2018 in aggregate principal amount of $500 million and mark-to-market losses on marketable securities.
text: Interest and other expense, net, increased $24.0 million during fiscal 2018, as compared to fiscal 2017, primarily related to increases in impairment losses on certain of our privately-held strategic investments and interest expense resulting from our June 2017 issuance of $500.0 million aggregate principal amount of 3.5% notes due June 15, 2027.
text: Interest expense and investment income fluctuates based on average cash, marketable securities and debt balances, average maturities and interest rates.
text: Gains and losses on foreign currency are primarily due to the impact of re-measuring foreign currency transactions and net monetary assets into the functional currency of the corresponding entity. The amount of the gain or loss on foreign currency is driven by the volume of foreign currency transactions and the foreign currency exchange rates for the year

Questions:
question: Why was there less interest and other expense in 2019 compared to 2018?
answer: primarily driven by curtailment gains on our pension plans, mark-to-market gains on certain of our privately-held strategic investments, realized gains on sales of strategic investments, offset by an increase in interest expense resulting from our term loan entered into on December 17, 2018 in aggregate principal amount of $500 million and mark-to-market losses on marketable securities.
question: What is average "other income" for the 3 year period from 2017 to 2019?
answer: 10.43
derivation: (16.8 + 6.0 + 8.5) / 3 
scale: million
question: Why was there a loss in strategic investments in 2018 compared to 2017?
answer: Impairment losses
question: How much did net interest and investment expense increase over fiscal year ending January 31, 2019?
answer: 51.01
derivation: (52.1-34.5)/34.5 
scale: percent
question: What determines the amount of gain or loss on the foreign currency?
answer: volume of foreign currency transactions and the foreign currency exchange rates for the year
question: What is the total net interest and other expenses for all 3 years?
answer: 90.1
derivation: 17.7+48.2+24.2
scale: million
Year Ended December 31,
2019
2018
2017
Foreign currency losses recorded in AOCL
$45.8
$385.8
$51.6
Foreign currency (gains) losses recorded in Other expense
(6.1)
4.5
(26.4)
Total foreign currency losses
$39.7
$390.3
$25.2

text: AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) net foreign currency losses
text: (“AOCL”) in the consolidated balance sheets and included as a component of Comprehensive income in the consolidated
statements of comprehensive income.
text: Gains and losses on foreign currency transactions are reflected in Other expense in the consolidated statements of operations. However, the effect from fluctuations in foreign currency exchange rates on intercompany debt for which repayment is not anticipated in the foreseeable future is reflected in AOCL in the consolidated balance sheets and included as a component of Comprehensive income.
text: The Company recorded the following net foreign currency losses:

Questions:
question: What were the Foreign currency losses recorded in AOCL in 2019?
answer: $45.8
scale: million
question: What were the Foreign currency (gains) losses recorded in Other expense in 2018?
answer: 4.5
scale: million
question: What does the table show?
answer: net foreign currency losses
question: What was the change in Foreign currency losses recorded in AOCL between 2018 and 2019?
answer: -340
derivation: $45.8-$385.8
scale: million
question: What was the change in Foreign currency (gains) losses recorded in Other expense between 2017 and 2018?
answer: 30.9
derivation: 4.5-(-26.4)
scale: million
question: What was the total percentage change in Total foreign currency losses between 2017 and 2019?
answer: 57.54
derivation: ($39.7-$25.2)/$25.2
scale: percent
Fiscal Years
2019
2018
2017
Expected life (months)
6.0
6.0
6.1
Risk-free interest rate
2.37%
2.26%
1.22%
Volatility
54%
50%
53%

text: Employee Stock Purchase Plan
text: The weighted average estimated fair value, as defined by the amended authoritative guidance, of rights issued pursuant to the Company’s ESPP during 2019, 2018 and 2017 was $4.28, $5.18 and $6.02, respectively. Sales under the ESPP were 24,131 shares of common stock at an average price per share of $9.76 for 2019, 31,306 shares of common stock at an average price per share of $15.40 for 2018, and 38,449 shares of common stock at an average price per share of $12.04 for 2017.
text: As of December 29, 2019, 62,335 shares under the 2009 ESPP remained available for issuance. The Company recorded compensation expenses related to the ESPP of $60,000, $205,000 and $153,000 in 2019, 2018 and 2017, respectively.
text: The fair value of rights issued pursuant to the Company’s ESPP was estimated on the commencement date of each offering period using the following weighted average assumptions:
text: The methodologies for determining the above values were as follows:
text: • Expected term: The expected term represents the length of the purchase period contained in the ESPP.
text: • Risk-free interest rate: The risk-free interest rate assumption is based upon the risk-free rate of a Treasury Constant Maturity bond with a maturity appropriate for the term of the purchase period.
text: • Volatility: The Company determines expected volatility based on historical volatility of the Company’s common stock for the term of the purchase period.
text: • Dividend Yield: The expected dividend assumption is based on the Company’s intent not to issue a dividend under its dividend policy.

Questions:
question: What are the respective weighted average estimated fair value of the company's ESPP during 2019 and 2018?
answer: $4.28
$5.18
question: What are the respective weighted average estimated fair value of the company's ESPP during 2018 and 2017?
answer: $5.18
$6.02
question: What are the respective compensation expenses related to the ESPP in 2019 and 2018 respectively?
answer: $60,000
$205,000
question: What is the average risk-free interest rate of the company's ESPP in 2017 and 2018?
answer: 1.74
derivation: (1.22 + 2.26)/2 
scale: percent
question: What is the average risk-free interest rate of the company's ESPP in 2018 and 2019?
answer: 2.32
derivation: (2.26 + 2.37)/2 
scale: percent
question: What is the average volatility of the company's ESPP in 2018 and 2019?
answer: 52
derivation: (54 + 50)/2 
scale: percent
2019
2018
2017
Unrecognized tax benefits, beginning of the year
$6,029
$3,004
$2,460
Increases related to prior year tax position
—
1,050
—
Decreases related to prior year tax positions
(48)
—
(3)
Increases related to current year tax positions
2,984
1,975
547
Unrecognized tax benefits, end of year
$8,965
6,029
3,004

text: In accordance with ASC 740-10, Income Taxes, the Company has adopted the accounting policy that interest and penalties recognized are classified as part of its income taxes
text: The following shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2019 (in thousands):
text: The Company does not anticipate that its total unrecognized tax benefits will significantly change due to settlement of examination or the expiration of statute of limitations during the next 12 months.
text: The Company files U.S. and foreign income tax returns with varying statutes of limitations. Due to the Company’s net carry-over of unused operating losses and tax credits, all years from 2003 forward remain subject to future examination by tax authorities

Questions:
question: What are the respective unrecognised tax benefits at the beginning of the year in 2017 and 2018?
answer: $2,460
$3,004
scale: thousand
question: What are the respective unrecognised tax benefits at the beginning of the year in 2018 and 2019?
answer: $3,004
$6,029
scale: thousand
question: What are the respective increases related to current year tax positions in 2017 and 2018?
answer: 547
1,975
scale: thousand
question: What is the percentage change in the unrecognized tax benefits, beginning of the year between 2017 and 2018?
answer: 22.11
derivation: (3,004 - 2,460)/2,460 
scale: percent
question: What is the percentage change in the unrecognized tax benefits at the beginning of the year between 2018 and 2019?
answer: 100.7
derivation: (6,029 - 3,004)/3,004 
scale: percent
question: What is the average increases related to current year tax positions between 2017 to 2019?
answer: 1835.33
derivation: (2,984 + 1,975 + 547)/3 
scale: thousand
Year Ended December 31,
Change
2018
2017
$
%
(dollars in thousands)
Sales and marketing
$ 69,608
$ 46,998
$ 22,610
48.1%
% of revenue
47%
45%

text: Sales and Marketing Expense
text: Sales and marketing expense increased by $22.6 million in 2018 compared to 2017. The increase was primarily due to a $20.0 million increase in employee- related costs, which includes stock-based compensation, associated with our increased headcount from 215 employees as of December 31, 2017 to 286 employees as of December 31, 2018. The remaining increase was principally the result of a $1.8 million increase in trade show and advertising costs and a $0.8 million increase attributed to office related expenses to support the sales team. The adoption of ASC 606 did not have a material impact on the change in commission expense when compared to year over year.

Questions:
question: What was the increase in the Sales and marketing expense in 2018 compared to 2017?
answer: $22.6 million
question: What was the Sales and marketing expense in 2018 and 2017?
answer: 69,608
46,998
question: What is the % change in the sales and marketing expense between 2017 and 2018?
answer: 48.1
scale: percent
question: What is the average Sales and marketing expense for 2017 and 2018?
answer: 58303
derivation: (69,608 + 46,998) / 2
scale: thousand
question: In which year was Sales and marketing expenses less than 50,000 thousands?
answer: 2017
derivation: locate and analyze sales and marketing in row 4
question: What is the change in the gross margin between 2017 and 2018?
answer: 2
derivation: 47 - 45
scale: thousand
2019
2018
Annual growth rate (after plan period)
3.0%
3.0%
Risk free rate of return
3.0%
3.0%
Market risk premium
5.0%
4.9%
Beta factor
0.83
0.79
Cost of debt
3.3%
3.3%

text: The pre-tax discount rate used within the recoverable amount calculations was 8.5% (2018: 8.0%) and is based upon the weighted average cost of capital reflecting specific principal risks and uncertainties. The discount rate takes into account the risk-free rate of return, the market risk premium and beta factor reflecting the average beta for the Group and comparator companies which are used in deriving the cost of equity.
text: The same discount rate has been applied to both CGUs as the principal risks and uncertainties associated with the Group, as highlighted on pages 30 to 33, would also impact each CGU in a similar manner. The Board acknowledges that there are additional factors that could impact the risk profile of each CGU, which have been considered by way of sensitivity analysis performed as part of the annual impairment tests.
text: Key drivers to future growth rates are dependent on the Group’s ability to maintain and grow income streams whilst effectively managing operating costs. The level of headroom may change if different growth rate assumptions or a different pre-tax discount rate were used in the cash flow projections. Where the value-in-use calculations suggest an impairment, the Board would consider alternative use values prior to realising any impairment, being the fair value less costs to dispose.
text: The key assumptions used for value-in-use calculations are as follows:
text: Having completed the 2019 impairment review, no impairment has been recognised in relation to the CGUs (2018: no impairment). Sensitivity
analysis has been performed in assessing the recoverable amounts of goodwill. There are no changes to the key assumptions of growth rate or
discount rate that are considered by the Directors to be reasonably possible, which give rise to an impairment of goodwill relating to the CGUs.

Questions:
question: What are the key drivers to future growth rates dependent on?
answer: the Group’s ability to maintain and grow income streams whilst effectively managing operating costs
question: In what situations might the level of headroom change?
answer: if different growth rate assumptions or a different pre-tax discount rate were used in the cash flow projections
question: What are the key assumptions used for value-in-use calculations in the table?
answer: Annual growth rate (after plan period)
Risk free rate of return
Market risk premium
Beta factor
Cost of debt
question: In which year was the market risk premium percentage larger?
answer: 2019
derivation: 5.0%>4.9%
question: What was the change in the Beta factor in 2019 from 2018?
answer: 0.04
derivation: 0.83-0.79
question: What was the percentage change in the Beta factor in 2019 from 2018?
answer: 5.06
derivation: (0.83-0.79)/0.79
scale: percent
Years Ended December 31,
2019
2018
Service cost—benefits earning during the period
$-
$-
Interest cost on projected benefit obligation
5.3
5.3
Expected return on assets
(6.7)
(7.5)
Actuarial (gain) loss
7.9
6.7
Foreign currency gain (loss)
-
0.1
Net pension (benefit) cost
$ 6.5
$ 4.6

text: Periodic Benefit Costs The aggregate net pension cost recognized in the consolidated statements of operations were costs of $6.5 million and $4.6 million for the years ended December 31, 2019 and 2018, respectively.
text: The following table presents the components of net periodic benefit cost are as follows (in millions):
text: Of the amounts presented above, income of $1.4 million has been included in cost of revenue and loss of $7.9 million included in other comprehensive income for the year ended December 31, 2019, and income of $2.1 million has been included in cost of revenue and loss of $6.7 million included in other comprehensive income for the year ended December 31, 2018.

Questions:
question: What was the aggregate net pension cost recognized in December 2019?
answer: $6.5 million
question: What was the net pension cost in 2019?
answer: $ 6.5
scale: million
question: What was the Expected return on assets in 2019?
answer: (6.7)
scale: million
question: What was the average Interest cost on projected benefit obligation for 2018 and 2019?
answer: 5.3
derivation: (5.3 + 5.3) / 2
scale: million
question: What is the change in the expected return on assets from 2018 to 2019?
answer: 0.8
derivation: -6.7 - (-7.5)
scale: million
question: What is the average actuarial (gain) loss for 2018 and 2019?
answer: 7.3
derivation: (7.9 + 6.7) / 2
scale: million