next-tat/TAT-QA huggingface dataset:
Fiscal
2019
2018 (1)
Operating Income
Operating Margin
Operating Income
Operating Margin
Increase (Decrease)
(in millions of U.S. dollars)
Communications, Media & Technology
$1,555
18%
$1,380
17%
$175
Financial Services
1,238
15
1,365
16
(128)
Health & Public Service
739
10
766
11
(27)
Products
1,720
14
1,664
15
56
Resources
1,053
16
724
12
330
TOTAL
$6,305
14.6%
$5,899
14.4%
$406

text: Operating Income and Operating Margin
text: Operating income for fiscal 2019 increased $406 million, or 7%, over fiscal 2018.
text: Operating income and operating margin for each of the operating groups were as follows:
text: Amounts in table may not total due to rounding.
text: (1) Effective September 1, 2018, we adopted FASB ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Certain components of pension service costs were reclassified from Operating expenses to Non-operating expenses. Prior period amounts have been revised to conform with the current period presentation.

Questions:
question: What is the change in total operating income between 2018 and 2019?
answer: $406
scale: million
question: What is the operating margin for health and public service in 2019?
answer: 10
scale: percent
question: What is the company's operating income in 2019?
answer: $6,305
scale: million
question: What is the company's main source of operating income in 2019?
answer: Products
derivation: $1,720 is the highest operating income gained from any operating group in 2019
question: How much did total operating income gain from 2018 to 2019?
answer: 6.88
derivation: 406/5,899
scale: percent
question: What is the total operating margin from financial services and products in 2019?
answer: 29
derivation: 15% + 14% 
scale: percent
Year ended March 31,
2019 (1)
2018
2017 (1)
2016
2015
Consolidated Statements of Income data:
Net sales
$5,349.5
$3,980.8
$3,407.8
$2,173.3
$2,147.0
Special charges and other, net (2)
$33.7
$17.5
$98.6
$4.0
$2.8
Loss on settlement of debt (3)
$(12.6)
$(16.0)
$(43.9)
$—
$(50.6)
Net income from continuing operations
$355.9
$255.4
$170.6
$323.9
$365.3
Basic net income per common share from continuing operations
$1.51
$1.10
$0.79
$1.59
$1.84
Diluted net income per common share from continuing operations
$1.42
$1.03
$0.73
$1.49
$1.65
Dividends declared per common share
$1.457
$1.449
$1.441
$1.433
$1.425
Consolidated Balance Sheets data:
Total assets
$18,350.0
$8,257.2
$7,686.9
$5,537.9
$4,780.7
Net long-term debt and capital lease obligations, less current maturities (3)
$8,956.0
$1,769.1
$2,912.1
$2,465.8
$1,840.0
Microchip Technology stockholders' equity
$ 5,287.5
$ 3,279.8
$3,270.7
$ 2,150.9
$ 2,044.7

text: Item 6. SELECTED FINANCIAL DATA
text: You should read the following selected consolidated financial data for the five-year period ended March 31, 2019 in conjunction with our consolidated financial statements and notes thereto and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in Items 7 and 8 of this Form 10-K. Our consolidated statements of income data for each of the years in the three-year period ended March 31, 2019, and the balance sheet data as of March 31, 2019 and 2018, are derived from our audited consolidated financial statements, included in Item 8 of this Form 10-K. The statement of income data for the years ended March 31, 2016 and 2015 and balance sheet data as of March 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements not included herein (in the tables below all amounts are in millions, except per share data).
text: (1) Refer to Note 2 to our consolidated financial statements for an explanation of our material business combinations during fiscal 2019 and fiscal 2017.
text: (2) Refer to Note 4 to our consolidated financial statements for a discussion of the special charges and other, net.
text: (3) Refer to Note 12 Debt and Credit Facility for further discussion.

Questions:
question: Which years does the table provide information for the company's consolidated balance sheets?
answer: 2019
2018
2017
2016
2015
question: What were the net sales in 2016?
answer: 2,173.3
scale: million
question: What was the loss on settlement of debt in 2019?
answer: (12.6)
scale: million
question: What was the change in net sales between 2016 and 2017?
answer: 1234.5
derivation: 3,407.8-2,173.3
scale: million
question: How many years did Total Assets exceed $10,000 million?
answer: 1
derivation: 2019
question: What was the percentage change in the Net income from continuing operations between 2018 and 2019?
answer: 39.35
derivation: (355.9-255.4)/255.4
scale: percent
2019
2018 (Restated)1
Note
£m
£m
Profit for the year
197.7
171.1
Other comprehensive income
Items that may be subsequently reclassified to profit or loss
Exchange differences on translation of foreign operations
(0.1)
0.2
Items that will not be reclassified to profit or loss
Remeasurements of post-employment benefit obligations
24
0.2
–
Other comprehensive income for the year, net of tax
0.1
0.2
Total comprehensive income for the year attributable to equity holders of the parent
197.8
171.3

text: Consolidated statement of comprehensive income
text: For the year ended 31 March 2019
text: 1 The Group has adopted IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’, and IFRS 16 ‘Leases’ from 1 April 2018. The year ended 31 March 2018 has been restated for IFRS 16 which was implemented using the fully retrospective method. For further information on the impact of the change in accounting policies, see note 2 of these consolidated financial statements.

Questions:
question: Which IFRS standard(s) did the Group adopt?
answer: IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’, and IFRS 16 ‘Leases’ from 1 April 2018
question: What have the values in the 2018 column been restated for?
answer: for IFRS 16 which was implemented using the fully retrospective method
question: In which years was Profit for the year calculated in the Consolidated statement of comprehensive income?
answer: 2019
2018
question: In which year was Profit for the year larger?
answer: 2019
derivation: 197.7>171.1
question: What was the change in profit for the year in 2019 from 2018?
answer: 26.6
derivation: 197.7-171.1
scale: million
question: What was the percentage change in profit for the year in 2019 from 2018?
answer: 15.55
derivation: (197.7-171.1)/171.1
scale: percent
Total Number of Shares Withheld for Taxes
Average Price Paid Per Share
Period
October 2019
16,585
$11.57
November 2019
185,887
13.15
December 2019
12,368
13.70
Total
214,840

text: Issuer Purchases of Equity Securities
text: The following table contains information about shares of our previously-issued common stock that we withheld from employees upon vesting of their stock-based awards during the fourth quarter of 2019 to satisfy the related tax withholding obligations:

Questions:
question: What information does the table contain?
answer: information about shares of our previously-issued common stock that we withheld from employees upon vesting of their stock-based awards during the fourth quarter of 2019 to satisfy the related tax withholding obligations
question: What is the average price paid per share in October 2019?
answer: $11.57
question: Which periods does the table contain?
answer: October 2019
November 2019
December 2019
question: Which period has the largest average price paid per share?
answer: December 2019
derivation: $13.70>$13.15>$11.57
question: What is the average number of shares withheld for taxes per month?
answer: 71613.33
derivation: 214,840/3
question: What is the percentage change in the average price paid per share between December 2019 and November 2019?
answer: 4.18
derivation: (13.70-13.15)/13.15
scale: percent
December 31,
2019
2018
Internally developed software
$808.2
$746.0
Purchased software
78.9
60.7
Computer software
887.1
806.7
Accumulated amortization
(481.1)
(401.1)
Computer software, net
$406.0
$405.6

text: (8) Computer Software
text: Computer software, net consists of the following (in millions):
text: In the fourth quarter of 2019, we entered into agreements to acquire software in exchange for a combination of cash consideration and certain of our products and services. The software was acquired for $32.0 million, of which software valued at $6.5 million was received as of December 31, 2019 and resulted in non-cash investing activity of $4.8 million.

Questions:
question: What did the company do in the fourth quarter of 2019?
answer: entered into agreements to acquire software in exchange for a combination of cash consideration and certain of our products and services
question: How much did the company acquire software for?
answer: 32.0
scale: million
question: What was the amount of internally developed software in 2019?
answer: 808.2
scale: million
question: What was the change in purchased software between 2018 and 2019?
answer: 18.2
derivation: 78.9-60.7
scale: million
question: How many years did internally developed software exceed $800 million?
answer: 1
derivation: 2019
question: What was the percentage change in net computer software between 2018 and 2019?
answer: 0.1
derivation: (406.0-405.6)/405.6
scale: percent
($ in millions)
At December 31:
2019
2018
Commercial paper
$  304
$ 2,995
Short-term loans
971
161
Long-term debt—current maturities
7,522
7,051
Total
$8,797
$10,207

text: Short-Term Debt
text: The weighted-average interest rate for commercial paper at December 31, 2019 and 2018 was 1.6 percent and 2.5 percent, respectively. The weighted-average interest rates for short-term loans were 6.1 percent and 4.3 percent at December 31, 2019 and 2018, respectively.

Questions:
question: What was the weighted average interest rate for commercial paper at December 31, 2019?
answer: 1.6 percent
question: What was the commercial paper in 2018?
answer: $ 2,995
scale: million
question: What was the increase / (decrease) in the short term loan from 2018 to 2019?
answer: 810
derivation: 971 - 161
scale: million
question: What was the average Long-term debt—current maturities?
answer: 7286.5
derivation: (7,522 + 7,051) / 2
scale: million
question: What was the percentage increase / (decrease) in total short term debt?
answer: -13.81
derivation: 8,797 / 10,207 - 1
scale: percent
question: What was the weighted average interest rate for short-term loans at December 31, 2019?
answer: 6.1 percent
2019
2018
2017
Directors' remuneration
Average remuneration of Supervisory Board Members(1)
$105,066(2)
$ 115,618
$ 123,281
Company's performance
Net revenues (amounts in millions)
$ 9,556
$ 9,664
$ 8,347
Operating income (amounts in millions)
$ 1,203
$ 1,400
$ 1,005
Average remuneration of all global indirect employees (FTE basis) (3)
Employees
$ 97,300
$ 100,600
$ 93,500

text: (1) Using the euro per US dollar exchange rate on December 31, 2019 of €1 = $1.1213.
text: (2) Since May 23, 2019 Mr. Manzi has not been a member of the Supervisory Board.
text: (3) Global indirect employees are all employees other than those directly manufacturing our products.
text: We do not have any service agreements with members of our Supervisory Board. We did not extend any loans or overdrafts to any of our Supervisory Board members. Furthermore, we have not guaranteed any debts or concluded any leases with any of our Supervisory Board members or their families.

Questions:
question: What was the exchange rate used for EUR to USD on 31 December 2019?
answer: €1 = $1.1213
question: Since when has Mr. Manzi not been a part of the supervisory board?
answer: May 23, 2019
question: What is the comment on the status of Global indirect employees?
answer: Global indirect employees are all employees other than those directly manufacturing our products.
question: What was the increase / (decrease) in the Average remuneration of Supervisory Board Members from 2018 to 2019?
answer: -10552
derivation: 105,066 - 115,618
scale: million
question: What was the average Net Revenues?
answer: 9189
derivation: (9,556 + 9,664 + 8,347) / 3
scale: million
question: What is the percentage increase / (decrease) in Operating income from 2018 to 2019?
answer: -14.07
derivation: 1,203 / 1,400 - 1
scale: percent
Short-Term Incentive Plan
Strategy
Integrate and Transform
Operate
Metrics
2018 & 2019 Weighting
2020 Weighting
Adjusted EBITDA
65%
50%
Free Cash Flow
25%
25%
Revenue
—
15%
Customer Experience
10%
10%
Long-Term Incentive Plan
Strategy
Integrate and Transform
Operate
Metrics
2018 & 2019 Weighting
2020 Weighting
Adjusted EBITDA Run Rate (2 year)
100%
—
Cumulative Adjusted EBITDA (3 year)
—
100%
Relative TSR Modifier (3 year)
—
+/-20%

text: 2020 Incentive Plan Enhancements.
text: For 2020, we have transitioned into the operation phase of our long-term strategy. As discussed further in this
CD&A, following an internal review process, extensive discussions with our shareholders and consultation with our executive compensation consultants, we revised the design for our 2020 incentive programs to support our strategic priorities as described below:
text: • added Revenue as metric to our STI plan to encourage and reward top-line performance • changed the metric and performance period for our LTI plan to three-year cumulative Adjusted EBITDA target • added three-year Relative TSR Modifier, as a positive or negative adjustment +/- 20%, for our LTI plan.

Questions:
question: Which metric was added under the Short-Term Incentive Plan for the 2020 incentive programs?
answer: Revenue
question: Why was Revenue added as a metric to the STI plan?
answer: to encourage and reward top-line performance
question: Which metrics were added under the Long-Term Incentive Plan
answer: Cumulative Adjusted EBITDA (3 year)
Relative TSR Modifier (3 year)
question: How many metrics were added under the Long-Term Incentive Plan?
answer: 2
derivation: Cumulative Adjusted EBITDA (3 year)##Relative TSR Modifier (3 year)
question: What is the  change in the Adjusted EBITDA target under Short-Term Incentive Plan in 2020?
answer: 15
derivation: 65%-50%
scale: percent
question: What is the average Adjusted EBITDA under the Short-Term Incentive Plan?
answer: 57.5
derivation: (65%+50%)/2
scale: percent
Americas 2018 Exit Plan
Americas 2019 Exit Plan
Lease obligations and facility exit costs (1)
$7,073
$—
Severance and related costs (2)
3,426
191
Severance and related costs (1)
1,037
2,155
Non-cash impairment charges
5,875
1,582
Other non-cash charges
—
244
$17,411
$4,172

text: Americas 2019 Exit Plan
text: During the first quarter of 2019, the Company initiated a restructuring plan to simplify and refine its operating model in the U.S. (the “Americas 2019 Exit Plan”), in part to improve agent attrition and absenteeism. The Americas 2019 Exit Plan included closing customer engagement centers, consolidating leased space in various locations in the U.S. and management reorganization. The Company finalized the actions as of September 30, 2019.
text: Americas 2018 Exit Plan
text: During the second quarter of 2018, the Company initiated a restructuring plan to manage and optimize capacity utilization, which included closing customer engagement centers and consolidating leased space in various locations in the U.S. and Canada (the “Americas 2018 Exit Plan”). The Company finalized the site closures under the Americas 2018 Exit Plan as of December 31, 2018, resulting in a reduction of 5,000 seats.
text: The Company’s actions under both the Americas 2018 and 2019 Exit Plans resulted in general and administrative cost savings and lower depreciation expense.
text: The cumulative costs incurred to date related to cash and non-cash expenditures resulting from the Americas 2018 and 2019 Exit Plans are outlined below as of December 31, 2019 (in thousands):
text: (1) Included in “General and administrative” costs in the accompanying Consolidated Statements of Operations.
text: (2) Included in “Direct salaries and related costs” in the accompanying Consolidated Statements of Operations.
text: The Company has paid a total of $12.3 million in cash through December 31, 2019, of which $10.4 million related to the Americas 2018 Exit Plan and $1.9 million related to the Americas 2019 Exit Plan.

Questions:
question: How much has the Company paid in total in 2019?
answer: a total of $12.3 million in cash through December 31, 2019, of which $10.4 million related to the Americas 2018 Exit Plan and $1.9 million related to the Americas 2019 Exit Plan.
question: Where are the Severance and related costs included in the accompanying Consolidated Statements of Operations?
answer: General and administrative
Direct salaries and related costs
question: For which years is the Americas Exit Plan accounted for?
answer: 2019
2018
question: In which year was Non-cash impairment charges larger?
answer: 2018
derivation: 5,875>1,582
question: What was the change in non-cash impairment charges in 2019 from 2018?
answer: -4293
derivation: 1,582-5,875
scale: thousand
question: What was the percentage change in non-cash impairment charges in 2019 from 2018?
answer: -73.07
derivation: (1,582-5,875)/5,875
scale: percent
2019
2018
A$ Million
A$ Million
Variance %
Operating revenue
231.3
230.8
0.2%
EBITDA1
53.0
59.3
(10.6%)
NPAT
21.5
28.9
(25.6%)
NPATA1
31.2
38.0
(17.9%)
Basic earnings per share (EPS) (cents)
10.9
14.8
(26.4%)
Basic EPSa1 (cents)
15.8
19.4
(18.6%)

text: Review of operations
text: The Group’s operating performance for the fiscal year compared to last year is as follows:
text: 1. The Directors believe the information additional to IFRS measures included in the report is relevant and useful in measuring the financial performance of the Group. These include: EBITDA, NPATA and EPSa. These measures have been defined in the Chairperson and Chief Executive Officer’s Joint Report on page 2.
text: In 2019 the business continued to deliver strong results after the record 2018 year. Revenues and EBITDA were in line with guidance. Further details on the Group’s results are outlined in the Chairperson and Chief Executive Officer’s Joint Report on page 2.
text: On 1 June 2019, Hansen acquired the Sigma Systems business (Sigma) and one month of these results are included in the FY19 result. Also included in the results are the transaction and other restructuring costs related to the acquisition, which we have identified as separately disclosed items in our results.
text: This acquisition has also resulted in the re-balancing of the Group’s market portfolio which, post the acquisition of Enoro in FY18, was initially weighted towards the Utilities sector. With Sigma’s revenues concentrated in the Communications sector, the Group’s revenue portfolio is now re-balanced to ensure greater diversification across multiple industries, regions and clients.
text: The Group has generated operating cash flows of $39.7 million, which has been used to retire external debt and fund dividends of $12.6 million during the financial year. With the introduction of a higher level of debt in June 2019 to fund the Sigma acquisition, the Group has, for the first time, used the strength of the Group’s balance sheet to fund 100% of an acquisition. With the Group’s strong cash generation, Hansen is well placed to service and retire the debt over the coming years.

Questions:
question: How much operating cash flows was generated by Hansen Technologies?
answer: $39.7 million
question: Which sector was Sigma's revenue concentrated in?
answer: Communications
question: What was the Operating revenue for 2019?
answer: 231.3
scale: million
question: What was the average difference between EBITDA and NPAT for both FYs?
answer: 30.95
derivation: ((53.0 - 21.5) + (59.3 - 28.9)) / 2 
scale: million
question: What was the average basic EPSa for both FYs?
answer: 17.6
derivation: (15.8 + 19.4)/2 
question: What was the average difference between basic EPS and basic EPSa for both FYs?
answer: 4.75
derivation: ((15.8 - 10.9) + (19.4 - 14.8)) / 2
December 31,
(In millions)
2019
2018
Used lines of credit (1)
$ 98.9
$ 232.8
Unused lines of credit
1,245.2
1,135.3
Total available lines of credit(2)
$ 1,344.1
$ 1,368.1

text: Lines of Credit
text: The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility discussed above, and the amounts available under our accounts receivable securitization programs.
text: (1) Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.
text: (2) Of the total available lines of credit, $1,137.4 million were committed as of December 31, 2019.

Questions:
question: How much was commited as of December 31, 2019 of total available lines of credit?
answer: $1,137.4 million
question: What does the table show?
answer: summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility discussed above, and the amounts available under our accounts receivable securitization programs.
question: What years are included in the table?
answer: 2019
2018
question: How much money has not been committed as of December 31, 2019 for total available lines of credit?
answer: 206.7
derivation: 1,344.1-1,137.4
scale: million
question: What is the percentage of used lines of credit to Total available lines of credit as of December 31, 2019?
answer: 7.36
derivation: 98.9/1,344.1
scale: percent
question: What is the difference between the Unused lines of credit for 2019 and 2018?
answer: 109.9
derivation: 1,245.2-1,135.3
scale: million
2019 €m
2018 €m
2017 €m
Adjusted EBITDA
14,139
14,737
14,149
Depreciation, amortisation and loss on disposal of fixed assets
(9,665)
(9,910)
(10,179)
Share of adjusted results in equity accounted associates and joint ventures1
(291)
389
164
Adjusted operating profit
4,183
5,216
4,134
Impairment losses
(3,119)
–
–
Restructuring costs
(486)
(156)
(415)
Amortisation of acquired customer based and brand intangible assets
(583)
(974)
(1,046)
Other (expense)/income
(262)
213
1,052
Operating (loss)/profit (IAS 18 basis)
(267)
4,299
3,725
Impact of adoption of IFRS 152
(684)
Operating loss (IFRS 15 basis)
(951)

text: The Group’s measure of segment profit, adjusted EBITDA, excludes depreciation, amortisation, impairment loss, restructuring costs, loss on disposal of fixed assets, the Group’s share of results in associates and joint ventures and other income and expense. A reconciliation of adjusted EBITDA to operating profit is shown below. For a reconciliation of operating profit to profit for the financial year, see the Consolidated income statement on page 111.
text: Note: 1 Share of adjusted results in equity accounted associates and joint ventures excludes amortisation of acquired customer bases and brand intangible assets, restructuring costs and other costs of €0.6 billion (2018: €0.4 billion, 2017: €0.1 billion) which are included in amortisation of acquired customer base and brand intangible assets, restructuring costs and other income and expense respectively
text: 2 See note 31 “IAS 18 basis primary statements” for further details.

Questions:
question: How much is the excluded depreciation and amortisation for 2019 adjusted EBITDA?
answer: (9,665)
scale: million
question: How much is the excluded depreciation and amortisation for 2018 adjusted EBITDA?
answer: (9,910)
scale: million
question: How much is the 2019 adjusted EBITDA?
answer: 14,139
scale: million
question: How much is the average adjusted EBITDA between 2018 and 2019?
answer: 14438
derivation: (14,139+14,737)/2
scale: million
question: How much is the average adjusted EBITDA between 2018 and 2017?
answer: 14443
derivation: (14,737+14,149)/2
scale: million
question: What is the change in average adjusted EBITDA between 2018 and 2019, and 2017 and 2018?
answer: -5
derivation: [(14,139+14,737)/2] - [(14,737+14,149)/2]
scale: million