next-tat/TAT-QA huggingface dataset:
Year Ended December 31,
Change
2019
2018
$
%
(dollars in thousands)
Sales and marketing
$ 87,731
$ 69,608
$ 18,123
26.0%
% of revenue
44%
47%

text: Sales and Marketing Expense
text: Sales and marketing expense increased by $18.1 million in 2019 compared to 2018. The increase was primarily due to a $15.5 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 286 employees as of December 31, 2018 to 345 employees as of December 31, 2019. The remaining increase was principally the result of a $1.2 million increase in trade show and advertising costs and a $1.0 million increase attributed to office related expenses to support the sales team.

Questions:
question: What was the increase in the Sales and marketing expense in 2019?
answer: $18.1 million
question: What was increase in the trade show and advertising cost in 2019?
answer: $1.2 million
question: What was the % of revenue in 2019 and 2018?
answer: 44
47
scale: percent
question: What was the average Sales and marketing expenses for 2018 and 2019?
answer: 78669.5
derivation: (87,731 + 69,608) / 2
scale: thousand
question: In which year was Sales and marketing expenses less than 90,000 thousands?
answer: 2019
2018
derivation: locate and analyze Sales and marketing in row 4
question: What is the change in the % of revenue from 2018 to 2019?
answer: -3
derivation: 44 - 47
scale: percent
Fiscal Year 2018
Fiscal Year 2019
Named Executive Officer
Base Salary
Base Salary
Percentage Increase
Oleg Khaykin
$750,000
$800,000
6.7%
Amar Maletira
$425,000
$500,000
17.7%
Paul McNab
$435,000
$435,000
—
Luke Scrivanich
$372,000
$372,000
—
Gary Staley
$360,000
$375,000
4.2%

text: Base Salary. The base salary for each NEO is determined on the basis of the following factors: scope of responsibilities, experience, skills, performance, expected future contribution, base salary levels in effect for comparable positions at the companies in the Peer Group (as described on page 42 below under “Use of Peer Group Compensation Data”) and other competitive market factors. Generally, the Committee reviews the base salary levels of our NEOs annually as part of the Company’s performance review process as well as upon a promotion or other change of position or level of responsibility. Merit-based increases to the base salaries of our NEOs (other than our CEO) are recommended by our CEO to the Committee, and all increases are based on the Committee’s (and in the case of our CEO, the Board’s) review and assessment of the factors described above.
text: The Compensation Committee reviews compensation levels at the beginning of each fiscal year and adjusts as needed based upon market data and executive achievement. The Committee reviewed the base salaries of our executive officers, including our NEOs, for fiscal year 2019 and increased the salaries of our CEO and CFO in light of their contributions in fiscal year 2018, including, among other considerations, the successful execution and integration of the AvComm and Wireless acquisition and to reflect the Committee’s review of current peer and market compensation data. Mr. Staley’s salary was also increased to reflect the Committee’s review of current peer and market compensation data as well as his contributions in fiscal year 2019, including the integration of AvComm and Wireless sales into our global sales organization. The Committee did not increase the salaries of any of our other NEOs because the Committee determined that the existing base salaries were appropriate for each of these NEOs.
text: Actual base salaries paid to our NEOs in fiscal year 2019 are set forth in the “Salary” column of the Fiscal 2019 Summary Compensation Table on page 44.

Questions:
question: When does the Compensation Committee review compensation levels?
answer: at the beginning of each fiscal year
question: What was Oleg Khaykin's base salary in 2018?
answer: $750,000
question: What was Gary Staley's base salary in 2018?
answer: $360,000
question: What was the total base salary of all Named Executive Officers in 2018?
answer: 2342000
derivation: ($750,000+$425,000+$435,000+$372,000+$360,000)
question: How much do the top 3 base salaries in 2019 add up to?
answer: 1735000
derivation: ($800,000+$500,000+$435,000)
question: What is the difference in base salary between Paul McNab and Luke Scrivanch in 2018?
answer: 63000
derivation: ($435,000-$372,000)
2019
2018
$ million
$ million
Raw materials
4.8
6.6
Work in progress
1.2
1.2
Finished goods¹
14.6
19.7
20.6
27.5

text: 19. Inventories
text: Note
text: 1. Finished goods in 2018 includes $1.8 million relating to deferred costs which has been reclassified from trade and other receivables; see note 2 for further details.
text: An expense of $1.6 million (2018 $0.1 million) has been charged to the income statement in the year for inventory write-downs. There were no reversals of prior period inventory write-downs (2018 nil).
text: No inventories are carried at fair value less costs to sell (2018 nil).

Questions:
question: What does Finished goods in 2018 include?
answer: $1.8 million relating to deferred costs which has been reclassified from trade and other receivables
question: What was charged to the income statement in the year for inventory write-downs?
answer: An expense of $1.6 million (2018 $0.1 million)
question: What are the types of inventories in the table?
answer: Raw materials
Work in progress
Finished goods
question: In which year was the amount of raw materials larger?
answer: 2018
derivation: 6.6>4.8
question: What was the change in total inventories?
answer: -6.9
derivation: 20.6-27.5
scale: million
question: What was the percentage change in total inventories?
answer: -25.09
derivation: (20.6-27.5)/27.5
scale: percent
Fair value
Carrying value
Face value
5.5% convertible senior notes due December 15, 2021:
Balance as of December 31, 2019
Related party
$6,727
$8,864
$10,000
Others
65,257
84,648
97,000
$71,984
$93,512
$107,000
Balance as of December 31, 2018
Related party
$5,879
$8,378
$10,000
Others
57,031
79,433
97,000
$62,910
$87,811
$107,000

text: Fair Value of Convertible Notes held at amortized cost
text: As of December 31, 2019 and 2018, the fair value and carrying value of the Company's Convertible Notes were:
text: The fair value shown above represents the fair value of the debt instrument, inclusive of both the debt and equity components, but excluding the derivative liability. The carrying value represents only the carrying value of the debt component.
text: The fair value of the Convertible Notes was determined by using unobservable inputs that are supported by minimal non-active market activity and that are significant to determining the fair value of the debt instrument. The fair value is level 3 in the fair value hierarchy.
text: (Dollars in thousands, except per share amounts)

Questions:
question: What is the fair value of related party 5.5% convertible senior notes due December 15, 2021 as of December 31, 2019?
answer: $6,727
scale: thousand
question: What is the carrying value of related party 5.5% convertible senior notes due December 15, 2021 as of December 31, 2019?
answer: $8,864
scale: thousand
question: What is the face value of related party 5.5% convertible senior notes due December 15, 2021 as of December 31, 2019?
answer: $10,000
scale: thousand
question: What is the average fair value of related party and other 5.5% convertible senior notes due December 15, 2021 in 2019?
answer: 35992
derivation: (6,727 + 65,257)/2 
scale: thousand
question: What is the percentage change in the fair value of related party 5.5% convertible senior notes due December 15, 2021 between 2018 and 2019?
answer: 14.42
derivation: (6,727 - 5,879)/5,879 
scale: percent
question: What is the total fair value of related party 5.5% convertible senior notes due December 15, 2021 in 2018 and 2019?
answer: 12606
derivation: 6,727 + 5,879 
scale: thousand
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
147,815
153,560
(3.7)
(3.8)
73
American broadband services
148,215
136,506
8.6
7.6
1,370
Inter-segment eliminations and other
6,803
7,911
(14.0)
(14.0)
(2)
302,833
297,977
1.6
1.1
1,441

text: OPERATING EXPENSES
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 operating expenses increased by 1.6% (1.1% in constant currency) mainly from: • additional costs in the American broadband services segment mainly due to higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition;

Questions:
question: What was the exchange rate for the three-month period ended August 31, 2019?
answer: 1.3222 USD/CDN
question: What was the exchange rate for the three-month period ended august 2018?
answer: 1.3100 USD/CDN
question: What was the increase in the operating expenses in 2019 fourth-quarter fiscal year?
answer: 1.6%
question: What was the increase / (decrease) in the Canadian broadband services from three months ended August 31, 2018 to 2019?
answer: -5745
derivation: 147,815 - 153,560
scale: thousand
question: What was the average American broadband services from three months ended August 31, 2018 to 2019?
answer: 142360.5
derivation: (148,215 + 136,506) / 2
scale: thousand
question: What was the increase / (decrease) in the Inter-segment eliminations and other from three months ended August 31, 2018 to 2019?
answer: -1108
derivation: 6,803 - 7,911
scale: thousand
Year-ended 31 March 2019
Year-ended 31 March 2018 Restated See note 2
$M
$M
Depreciation of property, plant and equipment
11.8
11.6
Amortisation of intangible assets
16.9
25.2
Research and development expenditure
(143.9)
(140.3)
Operating lease rentals:
Property
14.0
12.5
Other
1.6
1.6
Pension scheme contributions
8.9
8.4
Impairment of trade receivables
0.6
0.6
Net foreign currency differences
(1.5)
6.9

text: 9 Profit / (loss) on Ordinary Activities
text: The profit (2018: loss) on ordinary activities before taxation is stated after charging:

Questions:
question: What is stated after charging the items in the table?
answer: The profit (2018: loss) on ordinary activities before taxation
question: What was the amount of Depreciation of property, plant and equipment in 2019?
answer: 11.8
scale: million
question: What are the components under Operating lease rentals in the table?
answer: Property
Other
question: In which year was the amount of Property larger?
answer: 2019
derivation: 14.0>12.5
question: What was the change in the amount of Property in 2019 from 2018?
answer: 1.5
derivation: 14.0-12.5
scale: million
question: What was the percentage change in the amount of Property in 2019 from 2018?
answer: 12
derivation: (14.0-12.5)/12.5
scale: percent
Number of Shares
Weighted Average Exercise Price Per Share
Outstanding at January 1, 2018
4,376,474
$0.16
Granted
67,394
0.17
Exercised
–
–
Cancelled or expired
(1,094,075)
0.14
Outstanding at December 31, 2018
3,349,793
$0.16
Granted
–
–
Exercised
–
–
Cancelled or expired
–
–
Outstanding at December 31, 2019
3,349,793
$0.16

text: Transactions involving stock options issued to employees are summarized as follows:
text: The expected life of awards granted represents the period of time that they are expected to be outstanding. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules, exercise patterns and pre-vesting and post-vesting forfeitures. The Company estimates the volatility of the Company’s common stock based on the calculated historical volatility of the Company’s common stock using the share price data for the trailing period equal to the expected term prior to the date of the award. The Company bases the risk-free interest rate used in the Black-Scholes option valuation model on the implied yield currently available on U.S. Treasury zero-coupon issues with an equivalent remaining term equal to the expected life of the award. The Company has not paid any cash dividends on the Company’s common stock and does not anticipate paying any cash dividends in the foreseeable future. Consequently, the Company uses an expected dividend yield of zero in the Black-Scholes option valuation model. The Company uses historical data to estimate pre-vesting option forfeitures and records share-based compensation for those awards that are expected to vest. In accordance with ASC 718-10, the Company calculates share-based compensation for changes to the estimate of expected equity award forfeitures based on actual forfeiture experience.

Questions:
question: What does the expected life of awards granted represent?
answer: the period of time that they are expected to be outstanding
question: How is the volatility of the Company's common stock estimated?
answer: based on the calculated historical volatility of the Company’s common stock using the share price data for the trailing period equal to the expected term prior to the date of the award
question: What is the valuation model used by the Company?
answer: the Black-Scholes option valuation model
question: What is the percentage change in the outstanding number of shares from January 1, 2018 to December 31, 2018?
answer: -23.46
derivation: (3,349,793-4,376,474)/4,376,474
scale: percent
question: Which stock option has the highest weighted average exercise price per share in 2018?
answer: granted
derivation: find the highest weighted average exercise price per share in 2018
question: What is the change in the outstanding number of shares from December 31, 2018 to December 31, 2019?
answer: 0
derivation: 3,349,793-3,349,793
For the Year Ended
January 31, 2020
February 1, 2019
February 2, 2018
Federal:
Current
$78
$181
$688
Deferred
(219)
(92)
275
(141)
89
963
State:
Current
45
31
8
Deferred
(44)
(10)
21
1
21
29
Foreign:
Current
240
137
156
Deferred
(5,018)
(8)
4
(4,778)
129
160
Total income tax provision (benefit)
$(4,918)
$239
$1,152

text: P. Income Taxes
text: VMware’s income tax provision (benefit) for the periods presented consisted of the following (table in millions):

Questions:
question: Which years does the table provide information for VMware’s income tax provision (benefit)?
answer: 2020
2019
2018
question: What was the current federal income tax provision in 2019?
answer: 181
scale: million
question: What was the current state income tax provision in 2020?
answer: 45
scale: million
question: What was the change in the current federal income tax provision between 2018 and 2019?
answer: -507
derivation: 181-688
scale: million
question: How many years did current foreign income tax provision exceed $200 million?
answer: 1
derivation: 2020
question: What was the percentage change in the Total income tax provision between 2018 and 2019?
answer: -79.25
derivation: (239-1,152)/1,152
scale: percent
Year Ended March 31,
2019
2018
2017
Beginning balance
$436.0
$398.5
$220.7
Increases related to acquisitions
329.7
—
193.3
Decreases related to settlements with tax authorities
(8.3)
(0.1)
(11.7)
Decreases related to statute of limitation expirations
(16.2)
(10.9)
(7.6)
Increases related to current year tax positions
27.8
30.3
26.3
Increases (decreases) related to prior year tax positions
(5.6)
18.2
(22.5)
Ending balance
$763.4
$436.0
$398.5

text: The following table summarizes the activity related to the Company's gross unrecognized tax benefits from April 1, 2016 to March 31, 2019 (amounts in millions):
text: As of March 31, 2019 and March 31, 2018, the Company had accrued interest and penalties related to tax contingencies of $88.1 million and $80.8 million, respectively. Interest and penalties charged to operations for the years ended March 31, 2018 and 2017 related to the Company's uncertain tax positions were $5.4 million and $5.8 million, respectively. Previously accrued interest and penalties that were released during the year ended March 31, 2019 were $37.5 million.
text: The total amount of gross unrecognized tax benefits was $763.4 million and $436.0 million as of March 31, 2019 and March 31, 2018, respectively, of which $664.4 million and $436.0 million is estimated to impact the Company's effective tax rate, if recognized. The Company estimates that it is reasonably possible unrecognized tax benefits as of March 31, 2019 could decrease by approximately $50.0 million in the next 12 months. Positions that may be resolved include various U.S. and non-U.S. matters.

Questions:
question: What was the total amount of gross unrecognized tax benefits in 2019?
answer: 763.4
scale: million
question: What was the company's accrued interest and penalties related to tax contingencies in 2018?
answer: 80.8
scale: million
question: What were the Increases related to acquisitions in 2017?
answer: 193.3
scale: million
question: What was the change in the Beginning balance between 2017 and 2018?
answer: 177.8
derivation: 398.5-220.7
scale: million
question: How many years did Increases related to current year tax positions exceed $30 million?
answer: 1
derivation: 2018
question: What was the percentage change in the Ending balance between 2018 and 2019?
answer: 75.09
derivation: (763.4-436.0)/436.0
scale: percent
(dollars in millions)
At December 31,
2019
2018
Deferred Tax Assets
Employee benefits
$ 5,048
$ 5,403
Tax loss and credit carry forwards
3,012
3,576
Other – assets
5,595
1,650
13,655
10,629
Valuation allowances
(2,260)
(2,741)
Deferred tax assets
11,395
7,888
Deferred Tax Liabilities
Spectrum and other intangible amortization
22,388
21,976
Depreciation
16,884
15,662
Other—liabilities
6,742
3,976
Deferred tax liabilities
46,014
41,614
Net deferred tax liability
$ 34,619
$ 33,726

text: Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:
text: At December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.
text: Furthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.
text: At December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.
text: During 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.

Questions:
question: What was the change in the employee benefit from 2018 to 2019?
answer: -355
derivation: 5,048 - 5,403
scale: million
question: What was the average tax loss and credit carry forward for 2018 and 2019?
answer: 3294
derivation: (3,012 + 3,576) / 2
scale: million
question: What was the average other assets for 2018 and 2019?
answer: 3622.5
derivation: (5,595 + 1,650) / 2
scale: million
question: What was the undistributed earnings of foreign subsidiary invested outside the US amounted to in 2019?
answer: $3.8 billion
question: What was the net after tax loss and credit carry forward for income tax in 2019?
answer: $3.0 billion
question: What was the valuation allowance decrease in 2019?
answer: $481 million
2019
2018
2017
€m
€m
€m
Investment income:
Amortised cost
286
339
426
Fair value through profit and loss
147
24
20
Foreign exchange
–
322
28
433
685
474
Financing costs:
Items in hedge relationships:
Other loans
17
74
170
Interest rate and cross-currency interest rate swaps
(414)
(128)
(235)
Fair value hedging instrument
(8)
48
22
Fair value of hedged item
10
(36)
(16)
Other financial liabilities held at amortised cost:
Bank loans and overdrafts
336
317
419
Bonds and other liabilities1
1,567
885
1,243
Interest (credit)/charge on settlement of tax issues
(1)
(11)
47
Fair value through profit and loss:
Derivatives – options, forward starting swaps and futures
391
(75)
(244)
Foreign exchange
190
–
–
2,088
1,074
1,406
Net financing costs
1,655
389
932

text: 5. Investment income and financing costs
text: Investment income comprises interest received from short-term investments and other receivables as well as certain foreign exchange movements. Financing costs mainly arise from interest due on bonds and commercial paper issued, bank loans and the results of hedging transactions used to manage foreign exchange and interest rate movements
text: Note: 1 Includes €305 million (2018: €187 million; 2017: €272 million) of interest on foreign exchange derivatives.

Questions:
question: Which financial years' information is shown in the table?
answer: 2017
2018
2019
question: What does investment income comprise of?
answer: interest received from short-term investments and other receivables as well as certain foreign exchange movements
question: How much is the 2019 amortised cost under investment income?
answer: 286
scale: million
question: How much is the 2019 bonds and other liabilities, excluding the interest on foreign exchange derivatives?
answer: 1262
derivation: 1,567-305 
scale: million
question: How much is the 2018 bonds and other liabilities, excluding the interest on foreign exchange derivatives?
answer: 698
derivation: 885-187
scale: million
question: How much is the 2017 bonds and other liabilities, excluding the interest on foreign exchange derivatives?
answer: 971
derivation: 1,243-272
scale: million