next-tat/TAT-QA huggingface dataset:
(dollars in millions) Increase/ (Decrease)
Years Ended December 31,
2019
2018
2019 vs. 2018
Provision for income taxes
$2,945
$ 3,584
$ (639)
(17.8)%
Effective income tax rate
13.0%
18.3%

text: Provision for Income Taxes
text: The effective income tax rate is calculated by dividing the provision for income taxes by income before income taxes. The effective income tax rate for 2019 was 13.0% compared to 18.3% for 2018.
text: The decrease in the effective income tax rate and the provision for income taxes was primarily due to the recognition of approximately $2.2 billion of a non-recurring tax benefit in connection with the disposition of preferred stock, representing a minority interest in a foreign affiliate in 2019 compared to the non-recurring deferred tax benefit of approximately $2.1 billion as a result of an internal reorganization of legal entities within the historical Wireless business, which was offset by a goodwill charge that is not deductible for tax purposes in 2018.
text: A reconciliation of the statutory federal income tax rate to the effective income tax rate for each period is included in Note 12 to the consolidated financial statements.

Questions:
question: What was the effective income tax rate for the period 2019?
answer: 13.0%
question: What was the effective income tax rate for the period 2018?
answer: 18.3%
question: What led to non-recurring deferred tax benefit of approximately $2.1 billion?
answer: an internal reorganization of legal entities within the historical Wireless business
question: What is the change in Provision for income taxes from 2018 to 2019?
answer: -639
derivation: 2,945-3,584
scale: million
question: What is the change in Effective income tax rate from 2018 to 2019?
answer: -5.3
derivation: 13.0-18.3
scale: percent
question: What is the average Effective income tax rate for 2018 and 2019?
answer: 15.65
derivation: (13.0+18.3) / 2
scale: percent
Fiscal
2019
2018
2017
(in millions)
Restructuring charges, net
$ 255
$ 140
$ 146
Gain on divestiture
—
(2)
—
Other charges (credits), net
—
(12)
1
Restructuring and other charges, net
$ 255
$ 126
$ 147

text: 3. Restructuring and Other Charges, Net
text: Net restructuring and other charges consisted of the following:

Questions:
question: What was the amount of Restructuring and Other Charges, Net in 2019?
answer: $ 255
scale: million
question: For which years was the amount of Restructuring and Other Charges, Net calculated in?
answer: 2019
2018
2017
question: What are the components considered under Restructuring and Other Charges, Net?
answer: Restructuring charges, net
Gain on divestiture
Other charges (credits), net
question: In which year was Restructuring charges, net the lowest?
answer: 2018
derivation: 140<146<255
question: What was the change in Restructuring charges, net in 2019 from 2018?
answer: 115
derivation: 255-140
scale: million
question: What was the percentage change in Restructuring charges, net in 2019 from 2018?
answer: 82.14
derivation: (255-140)/140
scale: percent
Number of share options
Name of director
Date of grant
As at 1 January 2019
Granted during the year
Exercised during the year
As at 31 December 2019
Exercise price
Exercise period
HKD
Lau Chi Ping Martin
25 March 2014
5,000,000
-
-
5,000,000
114.52
25 March 2015 to 24 March 2021 (Note 2)
21 March 2016
3,750,000
-
-
3,750,000
158.10
21 March 2017 to 20 March 2023 (Note 2)
24 March 2017
5,250,000
-
-
5,250,000
225.44
24 March 2018 to 23 March 2024 (Note 2)
9 April 2018
3,215,800
-
-
3,215,800
410.00
9 April 2019 to 8 April 2025 (Note 2)
4 April 2019
-
3,506,580 (Note 3)
-
3,506,580
376.00
4 April 2020 to 3 April 2026 (Note 2)
Total:
17,215,800
3,506,580
-
20,722,380

text: The Company has adopted five share option schemes, namely, the Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II, the Post-IPO Option Scheme III and the Post-IPO Option Scheme IV. The Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II and the Post-IPO Option Scheme III expired on 31 December 2011, 23 March 2014, 16 May 2017 and 13 May 2019 respectively.
text: As at 31 December 2019, there were a total of 20,722,380 outstanding share options granted to a director of the Company, details of which are as follows:
text: 1. For options granted with exercisable date determined based on the grant date of options, the first 20% of the total options can be exercised 1 year after the grant date, and each 20% of the total options will become exercisable in each subsequent year.
text: 2. For options granted with exercisable date determined based on the grant date of options, the first 25% of the total options can be exercised 1 year after the grant date, and each 25% of the total options will become exercisable in each subsequent year.
text: 3. The closing price immediately before the date on which the options were granted on 4 April 2019 was HKD378.
text: 4. No options were cancelled or lapsed during the year.

Questions:
question: How many share option schemes has the Company adopted?
answer: five
question: When did the Pre-IPO Option Scheme expire?
answer: 31 December 2011
question: When did the Post-IPO Option Scheme III expire?
answer: 13 May 2019
question: How many percent of the total shares granted as at 1 January was the 25 March 2014 grant?
answer: 29.04
derivation: 5,000,000/17,215,800
scale: percent
question: How many percent of the total shares granted as at 1 January was the 21 March 2016 grant?
answer: 21.78
derivation: 3,750,000/17,215,800
scale: percent
question: How many percent of the total shares granted as at 1 January was the 9 April 2018 grant?
answer: 18.68
derivation: 3,215,800/17,215,800
scale: percent
Three Months Ended
Three Months Ended
Three Months Ended
% Variation
% Variation
December 31, 2019
September 29, 2019
December 31, 2018
Sequential
Year- Over- Year
(Unaudited, in millions)
Net sales
$ 2,750
$ 2,547
$ 2,633
8.0%
4.5%
Other revenues
4
6
15
(45.0)
(77.4)
Net revenues
$ 2,754
$ 2,553
$ 2,648
7.9%
4.0%

text: Our fourth quarter 2019 net revenues amounted to $2,754 million, registering a sequential increase of 7.9%, 290 basis points above the mid-point of our guidance, with all product groups contributing to the growth. The sequential increase resulted from higher volumes of approximately 7% and an increase of approximately 1% in average selling prices, the latter entirely due to product mix, while selling prices remained substantially stable.
text: On a year-over-year basis, our net revenues increased by 4.0%. This increase was entirely due to an increase of approximately 6% in average selling prices, partially offset by an approximate 2% decrease in volumes. The average selling prices increase was entirely driven by improved product mix of approximately 9%, partially offset by lower selling prices of approximately 3%.

Questions:
question: What led to sequential increase in 2019?
answer: resulted from higher volumes of approximately 7% and an increase of approximately 1% in average selling prices, the latter entirely due to product mix, while selling prices remained substantially stable.
question: What led to increase in net revenues On a year-over-year basis?
answer: due to an increase of approximately 6% in average selling prices, partially offset by an approximate 2% decrease in volumes.
question: What led to increase in average selling price on a year-over-year basis?
answer: driven by improved product mix of approximately 9%, partially offset by lower selling prices of approximately 3%.
question: What is the average Net sales for the period December 31, 2019 and 2018?
answer: 2691.5
derivation: (2,750+2,633) / 2
scale: million
question: What is the average other revenues sales for the period December 31, 2019 and 2018?
answer: 9.5
derivation: (4+15) / 2
scale: million
question: What is the average net revenues for the period December 31, 2019 and 2018?
answer: 2701
derivation: (2,754+2,648) / 2
scale: million
2019
2018
€m
€m
Included within non-current liabilities:
Other payables
327
314
Accruals
113
159
Contract liabilities1
574
237
Derivative financial instruments2
1,924
2,133
2,938
2,843
Included within current liabilities:
Trade payables
6,541
6,185
Amounts owed to associates and joint ventures
26
27
Other taxes and social security payable
1,218
1,177
Other payables3
1,410
1,346
Accruals
6,120
5,579
Contract liabilities1
1,818
1,678
Derivative financial instruments2
520
250
17,653
16,242

text: 15. Trade and other payables
text: Trade and other payables mainly consist of amounts owed to suppliers that have been invoiced or are accrued and contract liabilities relating to consideration received from customers in advance. They also include taxes and social security amounts due in relation to the Group’s role as an employer. Derivative financial instruments with a negative market value are reported within this note.
text: Accounting policies
text: Trade payables are not interest-bearing and are stated at their nominal value.
text: Notes: 1 Previously described as deferred income in the year ended 31 March 2018
text: 2 Items are measured at fair value and the valuation basis is level 2 classification, which comprises items where fair value is determined from inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly
text: 3 Includes €823 million (2018: €nil) payable in relation to the irrevocable and non-discretionary share buyback programme announced in January 2019.
text: The carrying amounts of trade and other payables approximate their fair value.
text: Materially all of the €1,716 million recorded as current contract liabilities at 1 April 2018 was recognised as revenue during the year.
text: Other payables included within non-current liabilities include €288 million (2018: €271 million) in respect of the re-insurance of a third party annuity policy related to the Vodafone and CWW Sections of the Vodafone UK Group Pension Scheme.
text: The fair values of the derivative financial instruments are calculated by discounting the future cash flows to net present values using appropriate market interest rates and foreign currency rates prevailing at 31 March.

Questions:
question: Which financial years' information is shown in the table?
answer: 2018
2019
question: How much is the 2019 other payables included within non-current liabilities?
answer: 327
scale: million
question: How much is the 2018 other payables included within non-current liabilities?
answer: 314
scale: million
question: Between 2018 and 2019, which year had higher total trade and other payables included within current liabilities?
answer: 2019
derivation: 17,653>16,242
question: Between 2018 and 2019, which year had higher accruals included within non-current liabilities?
answer: 2018
derivation: 159>113
question: How much is the 2019 other payables included within current liabilities excluding the amount payable in relation to the share buyback?
answer: 587
derivation: 1,410-823
scale: million
June 30,
2019
June 30,
2018
Cash 
$169,607
$121,139
Marketable securities  
—
1,459
Total cash and marketable securities
$169,607
$122,598

text: Liquidity and Capital Resources
text: The following summarizes information regarding our cash, investments, and working capital (in thousands):
text: Cash was $169.6 million at June 30, 2019, representing an increase of $48.5 million from $121.1 million at June 30, 2018. Cash increased primarily due to cash provided by operations of $104.9 million partially offset by cash used in investing activities of $21.8 million mainly for capital expenditures, and cash used in financing activities of $34.4 million mainly as a result of repayments of debt and repurchases of stock.
text: Cash was $121.1 million at June 30, 2018, representing a decrease of $9.3 million from $130.5 million at June 30, 2017. Cash and cash equivalents decreased primarily due to cash used in investing activities of $132.5 million mainly for the acquisitions of the Campus Fabric and Data Center Businesses and capital expenditures, partially offset by cash provided by financing activities of $104.7 million as a result of additional borrowings for the acquisitions and cash provided by operations of $19.0 million.

Questions:
question: Which years does the table provide information for the company's cash, investments, and working capital?
answer: 2019
2018
question: What was the amount of cash in 2018?
answer: 121,139
scale: thousand
question: What was the Total cash and marketable securities in 2019?
answer: 169,607
scale: thousand
question: How many years did the amount of Cash exceed $100,000 thousand?
answer: 2
derivation: 2019##2018
question: What was marketable securities as a percentage of total cash and marketable securities in 2018?
answer: 1.19
derivation: 1,459/122,598
scale: percent
question: What was the percentage change in Total cash and marketable securities between 2018 and 2019?
answer: 38.34
derivation: (169,607-122,598)/122,598
scale: percent
2019
2018
Beginning balance
$1.6
$1.5
Charged to expense
5.4
5.8
Payments
(5.5)
(5.7)
Ending balance
$ 1.5
$ 1.6

text: Liability Insurance
text: The Company carries property, general liability, vehicle liability, directors’ and officers’ liability and workers’ compensation insurance. Additionally, the Company carries an umbrella liability policy to provide excess coverage over the underlying limits of the aforementioned primary policies.
text: The Company’s insurance programs for workers’ compensation, general liability, and employee related health care benefits are provided through high deductible or self-insured programs. Claims in excess of self-insurance levels are fully insured subject to policy limits. Accruals are based on historical claims experience, actual claims filed, and estimates of claims incurred but not reported.
text: The Company’s liabilities for unpaid and incurred, but not reported claims, for workers’ compensation, general liability, and health insurance at September 2019 and September 2018 was $1.5 million and $1.6 million, respectively. These amounts are included in accrued expenses in the accompanying Consolidated Balance Sheets. While the ultimate amount of claims incurred is dependent on future developments, in the Company’s opinion, recorded reserves are adequate to cover the future payment of claims previously incurred. However, it is possible that recorded reserves may not be adequate to cover the future payment of claims.
text: Adjustments, if any, to claims estimates previously recorded, resulting from actual claim payments, are reflected in operations in the periods in which such adjustments are known.
text: A summary of the activity in the Company’s self-insured liabilities reserve is set forth below (in millions):

Questions:
question: What is the beginning balance in 2019 and 2018 respectively?
answer: $1.6
$1.5
scale: million
question: What are the company's respective liabilities for unpaid and incurred, but not reported claims, for workers’ compensation, general liability, and health insurance at September 2019 and September 2018?
answer: $1.5 million
$1.6 million
question: How are the company's insurance programs for workers’ compensation, general liability, and employee related health care benefits are provided?
answer: high deductible or self-insured programs.
question: What is the percentage change in the beginning balance of the company's liability insurance between 2018 and 2019?
answer: 6.67
derivation: (1.6 - 1.5)/1.5 
scale: percent
question: What is the percentage change in the charged to expense value of the company's liability insurance between 2018 and 2019?
answer: -6.9
derivation: (5.4 - 5.8)/5.8 
scale: percent
question: What is the percentage change in the ending balance of the company's liability insurance between 2018 and 2019?
answer: -6.25
derivation: (1.5 - 1.6)/1.6 
scale: percent
Twelve months ended December 31,
2019
2018
Services 
$59,545
$64,476
Software and other  
3,788
5,073
             Total revenue 
$63,333
$69,549

text: Disaggregation of Revenue
text: We generate revenue from the sale of services and sale of software for end-user software products provided through direct customer downloads and through the sale of these end-user software products via partners. The following table depicts the disaggregation of revenue (in thousands) according to revenue type and is consistent with how we evaluate our financial performance:
text: Revenue from Contracts with Customers:

Questions:
question: In which years was the revenue from contracts with customers recorded for?
answer: 2019
2018
question: How does the company create revenue?
answer: from the sale of services and sale of software for end-user software products provided through direct customer downloads and through the sale of these end-user software products via partners.
question: What was the revenue from services in 2018?
answer: $64,476
scale: thousand
question: Which year was the software and other revenue higher?
answer: 2018
derivation: 5,073 > 3,788
question: What was the change in services revenue between 2018 and 2019?
answer: -4931
derivation: $59,545 - $64,476 
scale: thousand
question: What was the percentage change in total revenue between 2018 and 2019?
answer: -8.94
derivation: ($63,333 - $69,549)/$69,549 
scale: percent
2019
2018
Land
$14,241
$14,382
Buildings and improvements .
664,266
567,605
Machinery and equipment .
2,436,997
1,826,434
Office equipment and furniture .
159,848
178,011
Leasehold improvements
48,772
49,055
Construction in progress
243,107
405,581
Property, plant and equipment, gross
3,567,231
3,041,068
Accumulated depreciation .
(1,386,082)
(1,284,857)
Property, plant and equipment, net
$2,181,149
$1,756,211

text: Property, plant and equipment, net
text: Property, plant and equipment, net consisted of the following at December 31, 2019 and 2018 (in thousands):
text: We periodically assess the estimated useful lives of our property, plant and equipment whenever applicable facts and circumstances indicate a change in the estimated useful life of an asset may have occurred. During the year ended December 31, 2019, we revised the estimated useful lives of certain core Series 6 manufacturing equipment from 10 years to 15 years. Such revision was primarily due to the validation of certain aspects of our Series 6 module technology, including the nature of the manufacturing process, the operating and maintenance cost profile of the manufacturing equipment, and the technology’s compatibility with our long-term module technology roadmap. We expect the revised useful lives to reduce depreciation by approximately $15.0 million per year. Depreciation of property, plant and equipment was $176.4 million, $109.1 million, and $91.4 million for the years ended December 31, 2019, 2018, and 2017, respectively.

Questions:
question: What were the reasons for the revision of manufacturing equipment in 2019?
answer: Such revision was primarily due to the validation of certain aspects of our Series 6 module technology, including the nature of the manufacturing process, the operating and maintenance cost profile of the manufacturing equipment, and the technology’s compatibility with our long-term module technology roadmap.
question: How much will depreciation expense decrease as a result of the revision in useful life?
answer: reduce depreciation by approximately $15.0 million per year
question: What was the depreciation of property, plant and equipment in 2019? 
answer: $176.4 million
question: What was the increase in machinery and equipment from 2018 to 2019?
answer: 610563
derivation: 2,436,997 - 1,826,434 
scale: thousand
question: What is the difference between land from 2018 to 2019?
answer: -141
derivation: 14,241 - 14,382 
scale: thousand
question: What is the percentage increase in net property, plant and equipment from 2018 to 2019?
answer: 24.2
derivation: (2,181,149 - 1,756,211)/1,756,211 
scale: percent
2019
2018
2018-2019 Dollar Change
(in millions)
Products revenues
$1,887.7
$1,729.6
$158.1
Services revenues
407.3
371.2
36.1
$2,295.0
$2,100.8
$194.2

text: The breakout of product and service revenues was as follows:
text: Our product revenues increased $158.1 million, or 9%, in 2019 from 2018 primarily due to higher sales in Semiconductor Test of testers for 5G infrastructure and image sensors, higher sales in Storage Test of 3.5” hard disk drive testers, and higher demand in Industrial Automation, partially offset by a decrease in sales in Semiconductor Test automotive and analog test segments. Service revenues increased $36.1 million or 10%.
text: In 2019 and 2018, no single direct customer accounted for more than 10% of our consolidated revenues. In 2019 and 2018, our five largest direct customers in aggregate accounted for 27% and 27% of our consolidated revenues, respectively.
text: We estimate consolidated revenues driven by Huawei Technologies Co. Ltd. (“Huawei”), combining direct sales to that customer with sales to the customer’s OSATs, accounted for approximately 11% and 4% of our consolidated revenues in 2019 and 2018, respectively. We estimate consolidated revenues driven by another OEM customer, combining direct sales to that customer with sales to the customer’s OSATs, accounted for approximately 10% and 13% of our consolidated revenues in 2019 and 2018, respectively.

Questions:
question: What was the change in product revenues?
answer: $158.1 million
question: What was the change in services revenues?
answer: $36.1 million
question: What are the components comprising total revenue?
answer: Products revenues
Services revenues
question: In which year was the amount of services revenues larger?
answer: 2019
derivation: 407.3>371.2
question: What was the percentage change in total revenues from 2018 to 2019?
answer: 9.24
derivation: (2,295.0-2,100.8)/2,100.8
scale: percent
question: What was the average services revenues in 2018 and 2019?
answer: 389.25
derivation: (407.3+371.2)/2
scale: million