next-tat/TAT-QA huggingface dataset:
EURm
2019
2018
Total segment operating profit(1)
2,003
2,180
Amortization and depreciation of acquired intangible assets and property, plant and equipment
(924)
(940)
Restructuring and associated charges
(502)
(321)
Gain on defined benefit plan amendment
168
-
Product portfolio strategy costs
(163)
(583)
Transaction and related costs, including integration costs relating to the acquisition of Alcatel Lucent
(48)
(220)
Impairment of assets, net of impairment reversals
(29)
(48)
Operating model integration
(12)
-
Release of acquisition-related fair value adjustments to deferred revenue and inventory
(6)
(16)
Divestment of businesses
(2)
(39)
Fair value changes of legacy IPR fund
-
(57)
Other
-
(15)
Total operating profit/(loss)
485
(59)

text: Operating profit/loss
text: Our operating profit in 2019 was EUR 485 million, a change of EUR 544 million, compared to an operating loss of EUR 59 million in 2018. The change in operating result was primarily due to lower selling, general and administrative expenses, research and development expenses and a net positive fluctuation in other operating income and expenses, partially offset by lower gross profit. Our operating margin in 2019 was 2.1%, compared to approximately breakeven in 2018.
text: (1) Excludes costs related to the acquisition of Alcatel Lucent and related integration, goodwill impairment charges, intangible asset amortization and other purchase price fair value adjustments, restructuring and associated charges and certain other items.
text: The following table sets forth the impact of unallocated items on operating profit/loss:

Questions:
question: What was the rationale for change in operating profit / (loss)?
answer: The change in operating result was primarily due to lower selling, general and administrative expenses, research and development expenses and a net positive fluctuation in other operating income and expenses, partially offset by lower gross profit.
question: What was the divestment of business in 2019?
answer: (2)
scale: million
question: What is excluded from Total segment operating profit?
answer: costs related to the acquisition of Alcatel Lucent and related integration, goodwill impairment charges, intangible asset amortization and other purchase price fair value adjustments, restructuring and associated charges and certain other items.
question: What is the increase / (decrease) in the Total segment operating profit(1) from 2018 to 2019?
answer: -177
derivation: 2,003 - 2,180
scale: million
question: What is the average Restructuring and associated charges?
answer: -411.5
derivation: -(502 + 321) / 2
scale: million
question: What percentage of total operating profit / (loss) is Divestment of businesses in 2019?
answer: -0.41
derivation: (2) / 485
scale: percent
Fiscal Year Ended
August 31, 2019
As reported
Balance without the adoption of ASU 2014-09
Net revenue(1)
$25,282,320
$24,864,754
Cost of revenue(2)
$23,368,919
$23,057,603
Operating income
$701,356
$595,105
Income tax expense
$161,230
$164,054
Net income
$289,474
$180,399

text: The following table presents the effect of the adoption of the new revenue guidance on the Consolidated Statement of Operations for the fiscal year ended August 31, 2019 (in thousands):
text: (1) Differences primarily relate to the timing of revenue recognition for over-time customers and to the recovery of fulfillment costs.
text: (2) Differences primarily relate to the timing of cost recognition for over-time customers and the recognition of fulfillment costs.

Questions:
question: What do the differences in amount of net revenue between as reported and balance without the adoption of ASU 2014-09 primarily relate to?
answer: the timing of revenue recognition for over-time customers and to the recovery of fulfillment costs.
question: What was the net revenue as reported?
answer: $25,282,320
scale: thousand
question: What was the operating income as reported?
answer: $701,356
scale: thousand
question: What was the difference between net revenue and cost of revenue as reported?
answer: 1913401
derivation: 25,282,320-23,368,919
scale: thousand
question: What was the operating income balance without the adoption of ASU 2014-09 as a ratio of the amount as reported?
answer: 84.85
derivation: 595,105/701,356
scale: percent
question: What was the difference in the net income between the amount as reported and the balance without the adoption of ASU 2014-09?
answer: 109075
derivation: 289,474-180,399
scale: thousand
Years Ended
July 27, 2019
July 28, 2018
July 29, 2017
Balance at beginning of fiscal year
245
272
242
Restricted stock, stock units, and other share-based awards granted
(67)
(70)
(76)
Share-based awards canceled/forfeited/expired
18
18
78
Shares withheld for taxes and not issued
23
25
28
Other
1
—
—
Balance at end of fiscal year
220
245
272

text: (d) Share-Based Awards Available for Grant
text: A summary of share-based awards available for grant is as follows (in millions):
text: For each share awarded as restricted stock or a restricted stock unit award under the 2005 Plan, 1.5 shares was deducted from the available share-based award balance. For restricted stock units that were awarded with vesting contingent upon the achievement of future financial performance or market-based metrics, the maximum awards that can be achieved upon full vesting of such awards were reflected in the preceding table.

Questions:
question: What are the units used in the table?
answer: millions
question: What was the amount of Other share-based awards in 2019?
answer: 1
scale: million
question: What was the amount of Shares withheld for taxes and not issued in 2017?
answer: 28
scale: million
question: What was the change in Balance at beginning of fiscal year between 2017 and 2018?
answer: 30
derivation: 272-242
scale: million
question: How many years did Shares withheld for taxes and not issued exceed $20 million?
answer: 3
derivation: 2019##2018##2017
question: What was the percentage change in the balance at end of fiscal year between 2018 and 2019?
answer: -10.2
derivation: (220-245)/245
scale: percent
2019
2018
£ million
£ million
Within one year
1.0
1.2
Greater than one year
0.8
0.9
1.8
2.1

text: Expected realisation of remaining performance obligations at year end
text: The Company applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.
text: For contracts that exceed one year, deferred income that relates to unsatisfied or partially satisfied performance obligations at year end is expected to be recognised as revenue in the future as follows:
text: The above information represents the revenue the Company will recognise when it satisfies the remaining performance obligations in the contracts. The amounts presented do not include orders for which neither party has performed.
text: Revenue from the sale of hardware and software generally arises from contracts less than one year in length. Consequently, the above amounts predominantly relate to the sale of maintenance and support services.
text: Virtually all of the revenue will be recognised within three years.
text: The Company provides standard warranties on its products and services. The nature of these warranties is considered to provide customers with assurance that the related product or service will function as intended in accordance with the agreed specification, and does not contain or imply any additional service obligation to the customer. Warranty obligations are estimated and recognised as liabilities based on the probable outflow of resources.

Questions:
question: For contracts that exceed one year, what is expected to be recognised as revenue in the future?
answer: deferred income that relates to unsatisfied or partially satisfied performance obligations at year end
question: What generally arises from contracts less than one year in length?
answer: Revenue from the sale of hardware and software
question: What are the types of contracts in the table for which the Company will recognise their revenue when it satisfies the remaining performance obligations in the contracts?
answer: Within one year
Greater than one year
question: In which year was the amount within one year larger?
answer: 2018
derivation: 1.2>1.0
question: What was the change in the amount within one year between 2018 and 2019?
answer: -0.2
derivation: 1.0-1.2
scale: million
question: What was the percentage change in the amount within one year?
answer: -16.67
derivation: (1.0-1.2)/1.2
scale: percent
€ million
Note no.
30/9/2018
30/9/2018 adjusted1
30/9/2019
Current assets
7,703
8,329
7,761
Inventories
26
2,108
1,905
1,946
Trade receivables
27
571
496
482
Financial assets
1
1
4
Other financial and other non-financial assets
24
913
796
881
Entitlements to income tax refunds
206
202
190
Cash and cash equivalents
29
1,298
906
500
Assets held for sale
30,43
2,605
4,024
3,758

text: Current assets of continuing operations decreased by €569 million compared to the previous year's figures to €7.8 billion (30/9/2018: €8.3 billion). Cash and cash equivalents in particular contributed to this development with a decrease of €407 million to €0.5 billion (30/9/2018: €0.9 billion).
text: 1 Adjusted for effects of the discontinued business segment.
text: For more information about the development of current assets, see the notes to the consolidated financial statements in the numbers listed in the table.

Questions:
question: What was the amount of current assets of continuing operations in FY2019?
answer: 7,761
scale: million
question: What was the amount of cash and cash equivalents in FY2019?
answer: 500
scale: million
question: In which years were the current assets of continuing operations calculated in?
answer: 2019
2018
question: In which year was the amount of Trade Receivables larger for the FY2018 adjusted figure and FY2019 figures?
answer: 2018 adjusted
derivation: 496>482
question: What was the change in Cash and cash equivalents in FY2019 from FY2018 adjusted?
answer: -406
derivation: 500-906
scale: million
question: What was the percentage change in Cash and cash equivalents in FY2019 from FY2018 adjusted?
answer: -44.81
derivation: (500-906)/906
scale: percent
Year Ended June 30,
2019
2018
2017
Net Income
$271,885
$365,034
$229,561
Common share information:
Weighted average shares outstanding for basic earnings per share
77,160
77,252
77,856
Dilutive effect of stock options and restricted stock
187
333
399
Weighted average shares outstanding for diluted earnings per share
77,347
77,585
78,255
Basic earnings per share
$3.52
$4.73
$2.95
Diluted earnings per share
$3.52
$4.70
$2.93

text: NOTE 10. EARNINGS PER SHARE
text: The following table reflects the reconciliation between basic and diluted earnings per share.
text: Per share information is based on the weighted average number of common shares outstanding for each of the fiscal years. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. The two-class method for computing EPS has not been applied because no outstanding awards contain non-forfeitable rights to participate in dividends. There were no anti-dilutive stock options and restricted stock excluded for fiscal 2019, 41 shares excluded for fiscal 2018, and 32 shares excluded for fiscal 2017.

Questions:
question: What does the table show?
answer: the reconciliation between basic and diluted earnings per share
question: Which financial years' information is shown in the table?
answer: 2017
2018
2019
question: What is the net income as at June 30, 2019?
answer: $271,885
question: What is the average net income for 2018 and 2019?
answer: 318459.5
derivation: (271,885+365,034)/2
question: What is the average basic earnings per share for 2018 and 2019?
answer: 4.12
derivation: (3.52+4.73)/2
question: What is the average basic earnings per share for 2017 and 2018?
answer: 3.84
derivation: (4.73+2.95)/2
2019
(Restated) 2018
£m
£m
Total segment Revenue
355.1
330.1
Total segment Operating profit
243.7
221.3
Finance costs – net
(10.2)
(10.6)
Profit on the sale of subsidiary
8.7
–
Profit before tax
242.2
210.7

text: 4. Segmental information
text: IFRS 8 ‘Operating segments’ requires the Group to determine its operating segments based on information which is provided internally. Based on the internal reporting information and management structures within the Group, it has been determined that there is only one operating segment, being the Group, as the information reported includes operating results at a consolidated Group level only. This reflects the nature of the business, where the major cost is to support the IT platforms upon which all of the Group’s customers are serviced. These costs are borne centrally and are not attributable to any specific customer type or revenue stream. There is also considered to be only one reporting segment, which is the Group, the results of which are shown in the Consolidated income statement.
text: Management has determined that there is one operating and reporting segment based on the reports reviewed by the Operational Leadership Team (‘OLT’) which is the chief operating decision-maker (‘CODM’). The OLT is made up of the Executive Directors and Key Management and is responsible for the strategic decision-making of the Group.
text: The OLT primarily uses the statutory measures of Revenue and Operating profit to assess the performance of the one operating segment. To assist in the analysis of the Group’s revenue-generating trends, the OLT reviews revenue at a disaggregated level as detailed within note 5. The revenue from external parties reported to the OLT is measured in a manner consistent with that in the income statement.
text: A reconciliation of the one segment’s Operating profit to Profit before tax is shown below.
text: Following the application of IFRS 16, profit before tax for the year ended 31 March 2018 has been restated (note 2).

Questions:
question: What is the Operational Leadership Team made up of?
answer: made up of the Executive Directors and Key Management and is responsible for the strategic decision-making of the Group
question: What led to the restating of the 2018 values for profit before tax in the table?
answer: the application of IFRS 16
question: What are the components in the table which are considered when reconciliating total segment revenue to profit before tax?
answer: Total segment Operating profit
Finance costs – net
Profit on the sale of subsidiary
question: In which year was Total segment Operating profit larger?
answer: 2019
derivation: 243.7>221.3
question: What was the change in Total segment Operating profit in 2019 from 2018?
answer: 22.4
derivation: 243.7-221.3
scale: million
question: What was the percentage change in Total segment Operating profit in 2019 from 2018?
answer: 10.12
derivation: (243.7-221.3)/221.3
scale: percent
2015 Grant
2016 Grant
2017 Grant
2018 Grant
2019 Grant
Grant date
11th June
5th April
26th May
4th April
15th May
Mid market share price at grant date
3,460.0p
3,550.0p
5,256.0p
5,560.0p
8,161.0p
Number of employees
15
13
12
12
12
Shares under scheme
70,290
69,890
62,356
60,899
60,626
Vesting period
3 years
3 years
3 years
3 years
3 years
Probability of vesting
71.5%
70.8%
73.1%
73.5%
74.1%
Fair value
2,473.9p
2,513.4p
3,842.1p
4,084.4p
6,048.9p

text: Performance Share Plan
text: The relevant disclosures in respect of the Performance Share Plan grants are set out below.

Questions:
question: What are the relevant disclosures in the table pertaining to?
answer: in respect of the Performance Share Plan grants
question: What was the number of employees under the 2015 Grant?
answer: 15
question: For which years were the relevant disclosures in respect of the Performance Share Plan grants set out?
answer: 2015
2016
2017
2018
2019
question: In which year's grant had the largest number of employees?
answer: 2015
derivation: 15>13>12
question: What was the change in the number of shares under scheme under the 2019 Grant from the 2018 Grant?
answer: -273
derivation: 60,626-60,899
question: What was the percentage change in the number of shares under scheme under the 2019 Grant from the 2018 Grant?
answer: -0.45
derivation: (60,626-60,899)/60,899
scale: percent
Three months ended August 31,
2019 (1)
2018 (2)
Change
Change in constant currency (3)
Foreign exchange impact (3)
(in thousands of dollars, except percentages)
$
$
%
%
$ $
Canadian broadband services
319,935
319,741
0.1
0.1
-
American broadband services
263,738
246,443
7.0
6.0
2,427
583,673
566,184
3.1
2.7
2,427

text: REVENUE
text: (1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN.
text: (2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
text: (3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
text: Fiscal 2019 fourth-quarter revenue increased by 3.1% (2.7% in constant currency) resulting from: • growth in the American broadband services segment mainly due to strong organic growth and the FiberLight acquisition. • stable revenue in the Canadian broadband services segment mainly as a result of: ◦ rate increases; partly offset by ◦ decreases in video and telephony services customers compared to the same period of the prior year primarily due to issues resulting from the implementation of a new customer management system in the second half of fiscal 2018.

Questions:
question: What was the exchange rate in 2019?
answer: 1.3222 USD/CDN.
question: What was the exchange rate in 2018?
answer: 1.3100 USD/CDN.
question: What was the increase in revenue in fourth-quarter 2019?
answer: 3.1%
question: What is the increase / (decrease) in the Canadian broadband services from 2018 to 2019?
answer: 194
derivation: 319,935 - 319,741
scale: thousand
question: What was the average Canadian broadband services from 2018 to 2019?
answer: 319838
derivation: (319,935 + 319,741) / 2
scale: thousand
question: What was the average American broadband services from 2018 to 2019?
answer: 255090.5
derivation: (263,738 + 246,443) / 2
scale: thousand
2019
Gross amount
Tax effect
Deductible temporary differences
20,642
4,842
Credits 1)
15,221
15,221
Unrecognized deferred tax assets
35,863
20,063

text: Unrecognized deferred tax assets
text: Deferred tax assets have not been recognized in respect of the following items, given the volatile nature of the semi-conductor equipment industry. Therefore it is not probable that future taxable profit will be available to offset deductible temporary differences.
text: 1 These credits regards R&D credits generated in the US, in the state of Arizona. However, ASMI does not recognize these credits stemming from prior years due to the fact that utilization of prior year credits is only possibly if and when the credits generated in the current year are fully utilized. Given the level of R&D activity in the US, the company does not expect it could fully utilize the credits generated in the current year and, hence, does not expect to benefit from the available credits generated in prior years.

Questions:
question: Why are Deferred tax assets not recognized for the items in the table?
answer: given the volatile nature of the semi-conductor equipment industry
question: What is the gross amount of  Deductible temporary differences ?
answer: 20,642
question: What is the  Tax effect of credits?
answer: 15,221
question: What is the gross Deductible temporary differences expressed as a percentage of gross Unrecognized deferred tax assets?
answer: 57.56
derivation:  20,642 / 35,863 
scale: percent
question: What is the tax effect of Deductible temporary differences expressed as a ratio of gross Deductible temporary differences?
answer: 0.23
derivation: 4,842/20,642
question: What is the difference in the gross amount of  Deductible temporary differences and Credits?
answer: 5421
derivation: 20,642-15,221
Year Ended December 31
2019
2018
Vaulation allowances, beginning of year
$5,398
$13,872
Net operating loss
3,284
1,920
Expiration of net operating losses and limitations
(7)
(9,939)
Adjustment to deferred taxes
29
(321)
Impact of state tax rate change
26
(146)
Other adjusments
9
12
Valuation allowance, end of year
$8,739
$5,398

text: The following table summarizes the change in the valuation allowance (in thousands):
text: As of December 31, 2019, net operating loss (NOL) carryforwards for U.S. federal tax purposes totaled $31.4 million. Effective with the 2017 Tax Act in December 2017, NOLs generated after December 31, 2017, do not expire. Federal NOLs of $9.9 million expire at various dates from 2020 through 2037 and federal NOLs of $21.5 million do not expire. NOL carryforwards for state tax purposes totaled $40.6 million at December 31, 2019 and expire at various dates from 2020 through 2039.

Questions:
question: What are the respective valuation allowances at the beginning of the year in 2018 and 2019?
answer: $13,872
$5,398
scale: thousand
question: What are the respective net operating loss in 2018 and 2019?
answer: 1,920
3,284
scale: thousand
question: What are the respective valuation allowances at the end of the year in 2018 and 2019?
answer: $5,398
$8,739
scale: thousand
question: What is the change in valuation allowance in 2019?
answer: 3341
derivation: 8,739 - 5,398 
scale: thousand
question: What is the change in valuation allowance in 2018?
answer: -8474
derivation: 5,398 - 13,872 
scale: thousand
question: What is the change in net operating loss between 2018 and 2019?
answer: 1364
derivation: 3,284 - 1,920 
scale: thousand
(in thousands)
Federal
State
Net operating losses (1)
$120,722
$3,337
Net operating losses due to acquisitions (1)
$76,827
$778
Credit carryforwards (2)
$8,202
$1,958
Credit carryforwards due to acquisitions
$640
$227

text: At December 31, 2019, the Company’s net operating losses and credit carryforwards are:
text: (1) Excludes federal and state net operating losses of $60.2 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized
text: (2) Excludes federal and state tax credits of $0.1 million and $8.3 million, respectively, that the Company expects will expire unutilized
text: Carryforward losses and credits expire between 2020 and 2038, except for the 2019 federal net operating loss of $43.9 million and $1 million of state credits, which both have unlimited carryforward periods.
text: The Company’s India subsidiary is primarily located in Special Economic Zones (“SEZs”) and is entitled to a tax holiday in India. The tax holiday reduces or eliminates income tax in India. The tax holiday in the Hyderabad SEZ is scheduled to expire in 2024. The tax holiday in the Bangalore SEZ is scheduled to expire in 2022. For 2019, 2018 and 2017, the income tax holiday reduced the Company’s provision for income taxes by $1.9 million, $1.3 million, and $1 million, respectively.

Questions:
question: What is excluded from the company's net operating losses calculations? 
answer: federal and state net operating losses of $60.2 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized
question: What is excluded from the company's credit carryforward calculations? 
answer: federal and state tax credits of $0.1 million and $8.3 million, respectively, that the Company expects will expire unutilized
question: What is the company's reduction in provision for income taxes arising from its income tax holiday in 2019 and 2018 respectively?
answer: $1.9 million
$1.3 million
question: What is the difference between the company's federal and state net operating losses?
answer: 117385
derivation: 120,722 - 3,337 
scale: thousand
question: What is the total federal and state credit carryforwards?
answer: 10160
derivation: 1,958 + 8,202 
scale: thousand
question: What is the average federal and state credit carryforwards due to acquisitions?
answer: 433.5
derivation: (640 + 227)/2 
scale: thousand