next-tat/TAT-QA huggingface dataset:
July 27, 2019
Lease Receivables
Loan Receivables
Financed Service Contracts
Total
Gross
$2,367
$5,438
$2,369
$10,174
Residual value
142
—
—
142
Unearned income
(137)
—
—
(137)
Allowance for credit loss
(46)
(71)
(9)
(126)
Total, net  .
$2,326
$5,367
$2,360
$10,053
Reported as:
Current .
$1,029
$2,653
$1,413
$5,095
Noncurrent
1,297
2,714
947
4,958
Total, net  .
$2,326
$5,367
$2,360
$10,053

text: 8. Financing Receivables and Operating Leases
text: (a) Financing Receivables
text: Financing receivables primarily consist of lease receivables, loan receivables, and financed service contracts. Lease receivables represent sales-type and direct-financing leases resulting from the sale of Cisco’s and complementary third-party products and are typically collateralized by a security interest in the underlying assets. Lease receivables consist of arrangements with terms of four years on average. Loan receivables represent financing arrangements related to the sale of our hardware, software, and services, which may include additional funding for other costs associated with network installation and integration of our products and services. Loan receivables have terms of three years on average. Financed service contracts include financing receivables related to technical support and advanced services. Revenue related to the technical support services is typically deferred and included in deferred service revenue and is recognized ratably over the period during which the related services are to be performed, which typically ranges from one to three years.
text: A summary of our financing receivables is presented as follows (in millions):

Questions:
question: What did financing receivables primarily consist of?
answer: lease receivables, loan receivables, and financed service contracts.
question: What did financed service contracts include?
answer: financing receivables related to technical support and advanced services
question: What was unearned income from lease receivables in 2019?
answer: (137)
scale: million
question: What was the difference in the reported total between current and noncurrent financing receivables?
answer: 137
derivation: 5,095-4,958
scale: million
question: What was the difference in the net total between Lease and Loan Receivables?
answer: 3041
derivation: 5,367-2,326
scale: million
question: How many types of financing receivables had a net total that exceeded $5,000 million?
answer: 1
derivation: Loan Receivables
2019
2018
Federal income tax benefit (expense) attributable to:        
Current operations 
$848,000
$(48,000)
Acquisition costs  
(143,000)
-
Change in fair value of contingent consideration  
(133,000)
-
Other permanent items  
29,000
(36,000)
Deferred Adjustment  
(913,000)
-
Valuation allowance  
1,209,960
84,000
Net provision for federal income tax 
$897,960
$-

text: NOTE 15 – INCOME TAXES
text: As of December 31, 2019, the Company had net operating loss carry-forwards for federal income tax purposes of approximately $18.3 million, consisting of pre-2018 losses in the amount of approximately $14.3 million that expire from 2020 through 2037, and post-2017 losses in the amount of approximately $4 million that never expire. These net operating losses are available to offset future taxable income. The Company was formed in 2006 as a limited liability company and changed to a corporation in 2007. Activity prior to incorporation is not reflected in the Company’s corporate tax returns. In the future, the cumulative net operating loss carry-forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.
text: The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:
The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:

Questions:
question: How much was the net operating loss carry-forwards for federal income tax purposes as of December 31, 2019?
answer: approximately $18.3 million
question: When was the Company formed?
answer: 2006
question: How much was the net provision for federal income tax in 2019? 
answer: $897,960
question: What is the percentage change in valuation allowance in 2019 compared to 2018?
answer: 1340.43
derivation: (1,209,960 - 84,000)/84,000 
scale: percent
question: What is the ratio of total federal income tax benefit to total expenses in 2019?
answer: 1.76
derivation: (848,000+29,000+1,209,960)/(143,000+133,000+913,000) 
question: What is the average of current operations from 2018 to 2019?
answer: 400000
derivation: (848,000+(-48,000))/2
2019
2018
Net sales 
$3,164.4
$2,873.5
Cost of sales 
2,872.6
2,615.9
Gross profit 
291.8
257.6
Gross margin 
9.2%
9.0%
Operating income 
142.1
118.3
Operating margin 
4.5%
4.1%
Other expense 
16.1
10.7
Income tax expense
17.3
94.6
Net income 
108.6
13.0
Diluted earnings per share 
$3.50
$0.38
Return on invested capital* 
13.1%
16.1%
Economic return*
4.1%
6.6%

text: ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
text: RESULTS OF OPERATIONS
text: Consolidated Performance Summary. The following table presents selected consolidated financial data for the indicated fiscal years (dollars in millions, except per share data):
text: *Non-GAAP metric; refer to "Return on Invested Capital ("ROIC") and Economic Return" below for more information and Exhibit 99.1 for a reconciliation.
text: Net sales. Fiscal 2019 net sales increased $290.9 million, or 10.1%, as compared to fiscal 2018.
text: Net sales are analyzed by management by geographic segment, which reflects the Company's reportable segments, and by market sector. Management measures operational performance and allocates resources on a geographic segment basis. The Company’s global business development strategy is based on our targeted market sectors.

Questions:
question: What was the increase in net sales between 2018 and 2019?
answer: 290.9
scale: million
question: How was net sales analyzed?
answer: by management by geographic segment, which reflects the Company's reportable segments, and by market sector.
question: What was the cost of sales in 2018?
answer: 2,615.9
scale: thousand
question: How many years did the operating margin exceed 4%?
answer: 2
derivation: 2019##2018
question: What was the change in the gross profit between 2018 and 2019?
answer: 34.2
derivation: 291.8-257.6
scale: million
question: What was the percentage change in Income tax expense between 2018 and 2019?
answer: -81.71
derivation: (17.3-94.6)/94.6
scale: percent
2019
2018
Notes
£ million
£ million
Due within one year
Trade debtors
5.2
7.0
Owed by subsidiaries
13.7
9.6
Other debtors
0.2
0.7
Prepayments
0.4
0.6
Current tax asset
1.0
0.6
Deferred tax
13
–
1.3
Assets recognised from costs to obtain a contract
0.1
0.1
20.6
19.9
Due after one year
Defined benefit pension plan surplus
3
8.8
2.0

text: 9. Debtors
text: The Directors consider that the carrying amount of trade and other debtors approximates their fair value.
text: The Company has no significant concentration of credit risk attributable to its trade debtors as the exposure is spread over a large number of customers.
text: Assets recognised from costs to obtain a contract relate to capitalised incremental costs to obtain a contract, being sales commissions arising on contracts with customers of more than one year in length. No assets were impaired or derecognised during the current year or prior year.

Questions:
question: Why does the Company have no significant concentration of credit risk attributable to its trade debtors?
answer: as the exposure is spread over a large number of customers.
question: What do the assets recognised from costs to obtain a contract relate to?
answer: capitalised incremental costs to obtain a contract, being sales commissions arising on contracts with customers of more than one year in length
question: What are the components under Due within one year?
answer: Trade debtors
Owed by subsidiaries
Other debtors
Prepayments
Current tax asset
Deferred tax
Assets recognised from costs to obtain a contract
question: In which year was the amount due within one year larger?
answer: 2019
derivation: 20.6>19.9
question: What was the change in the amount owed by subsidiaries?
answer: 4.1
derivation: 13.7-9.6
scale: million
question: What was the percentage change in the amount owed by subsidiaries?
answer: 42.71
derivation: (13.7-9.6)/9.6
scale: percent
Year Ended February 28,
2019
2018
2017
Cost of revenues
$723
$653
$374
Research and development
2,061
1,471
1,033
Selling and marketing
2,863
2,314
1,655
General and administrative
5,382
4,860
4,771
$11,029
$9,298
$7,833

text: Stock-based compensation expense is included in the following captions of the consolidated statements of comprehensive income (loss) (in thousands): Stock-based compensation expense is included in the following captions of the consolidated statements of comprehensive income (loss) (in thousands):
text: As of February 28, 2019, there was $25.5 million of unrecognized stock-based compensation cost related to non-vested equity awards, which is expected to be recognized over a weighted-average remaining vesting period of 2.8 years.

Questions:
question: As of February 28,2019, how much unrecognized stock-based compensation cost related to non-vested equity awards were there?
answer: $25.5 million
scale: million
question: How much was the cost of revenues in 2017?
answer: $374
scale: thousand
question: How much was the cost of revenues in 2019?
answer: $723
scale: thousand
question: What was the change in Research and Development between 2018 and 2019?
answer: 590
derivation: (2,061-1,471)
scale: thousand
question: What was the change in Selling and marketing between 2018 and 2019?
answer: 549
derivation: (2,863-2,314)
scale: thousand
question: How much was General and Administrative in 2019 as a percentage of the total in 2019?
answer: 48.8
derivation: (5,382/11,029)
scale: percent
Name
No. of Securities Underlying Unexercised Options (#) Exercisable No. of Securities Underlying Unexercised
No. of Securities Underlying Unexercised Options (#) Unexercisable No. of Securities Underlying Unexercised
Option Exercise Price
Option Expiration Date
Garo H. Armen (1)
500,000
-
$1.25
April 16, 2026
Garo H. Armen (2)
184,028
65,972
$1.75
October 16, 2027
Alexander K. Arrow (3)
100,000
-
$1.25
February 12, 2026
Alexander K. Arrow (3)
140,000
-
$1.25
April 15, 2026
Alexander K. Arrow (4)
55,208
19,792
$1.75
October 16, 2027
Alexander K. Arrow (5)
41,667
-
$1.00
February 1, 2029

text: Outstanding Equity Awards at Fiscal Year End
text: The following table summarizes the equity awards made to our named executive officers that were outstanding at December 31, 2019

Questions:
question: How many of Garo H. Armen's options would expire on April 15, 2026? 
answer: 500,000
question: How many of Garo H. Armen's options would expire on October 16, 2027?
answer: 184,028
question: How many of Alexander K. Arrow's options would expire n April 15, 2026?
answer: 140,000
question: How many options would expire on April 15, 2026?
answer: 640000
derivation: 500,000 + 140,000 
question: How many options would expire on October 16, 2027?
answer: 239236
derivation: 184,028 + 55,208 
question: How many unexercised options does Garo H. Armen have as at December 31, 2019?
answer: 684028
derivation: 500,000 + 184,028
December 31,
2019
2018
Software
$114,674
$170,327
Buildings
92,092
64,263
Equipment
60,661
100,421
Furniture and fixtures
34,768
38,200
Lease hold improvements
33,668
26,319
Land
31,374
5,124
367,237
404,654
Accumulated depreciation and amortization
(236,330)
(331,700)
Property and equipment, net
$130,907
$72,954

text: (4) Property and Equipment
text: Property and equipment consist of the following (in thousands):
text: Depreciation and amortization expense related to property and equipment was $22,538,000, $21,721,000 and $25,787,000 in 2019, 2018 and 2017, respectively.
text: On November 1, 2019, we completed the purchase of real estate in Chandler, Arizona for approximately $48,000,000 that we intend to use as our global corporate headquarters. The property contains a building and some infrastructure in place that we will complete readying for our use over the next year. We intend to sell our current properties in Tempe, Arizona.
text: Included within the software, buildings and land values presented above are assets in the process of being readied for use in the amounts of approximately $12,138,000, $27,658,000 and $11,700,000, respectively. Depreciation on these assets will commence, as appropriate, when they are ready for use and placed in service.

Questions:
question: How much was Depreciation and amortization expense related to property and equipment  in 2019?
answer: $22,538,000
question: How much was Depreciation and amortization expense related to property and equipment  in 2018?
answer: $21,721,000
question: How much was Depreciation and amortization expense related to property and equipment  in 2017?
answer: $25,787,000
question: What is the change in Software between 2018 and 2019?
answer: -55653
derivation: 114,674-170,327
scale: thousand
question: What is the change in Buildings between 2018 and 2019?
answer: 27829
derivation: 92,092-64,263
scale: thousand
question: What is the average Software for 2018 and 2019?
answer: 142500.5
derivation: (114,674+170,327) / 2
scale: thousand
Year Ended
April 26, 2019
April 27, 2018
April 28, 2017
Balance at beginning of period
$ 348
$ 218
$ 216
Additions based on tax positions related to the current year
11
131
7
Additions for tax positions of prior years
26
—
7
Decreases for tax positions of prior years
(35 )
(1 )
—
Settlements
(54 )
—
(12 )
Balance at end of period
$ 296
$ 348
$ 218

text: A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
text: As of April 26, 2019, we had $296 million of gross unrecognized tax benefits, of which $252 million has been recorded in other long-term liabilities. Unrecognized tax benefits of $246 million, including penalties, interest and indirect benefits, would affect our provision for income taxes if recognized. As a result of U.S. tax reform, we recorded provisional gross unrecognized tax benefits of $114 million during fiscal 2018.
text: We recognized a benefit for adjustments to accrued interest and penalties related to unrecognized tax benefits in the income tax provision of approximately $4 million in fiscal 2019 and expense of $5 million in each of fiscal 2018 and 2017. Accrued interest and penalties of $18 million and $22 million were recorded in the consolidated balance sheets as of April 26, 2019 and April 27, 2018, respectively.

Questions:
question: How much was the amount of gross unrecognized tax benefits in 2019?
answer: $296 million
question: Which years does the table provide information for the reconciliation of the beginning and ending amount of unrecognized tax benefits?
answer: 2019
2018
2017
question: What were the Additions based on tax positions related to the current year in 2019?
answer: 11
scale: million
question: What was the change in the Balance at beginning of period between 2017 and 2018?
answer: 2
derivation: 218-216
scale: million
question: What was the total change in Additions for tax positions of prior years between 2017 and 2019?
answer: 19
derivation: 26-7
scale: million
question: What was the percentage change in the Balance at end of period between 2018 and 2019?
answer: -14.94
derivation: (296-348)/348
scale: percent
2018/19
2017/18
Weighted average exercise price
Weighted average exercise price
Options
(p)
Options
(p)
Outstanding at the beginning of the period
17,835,628
33
20,231,334
35
Exercised during the period
(4,306,470)
32
(3,536,539)
34
Granted during the period
5,022,240
30
4,988,669
33
Forfeited/lapsed during the period
(2,447,511)
33
(3,847,836)
44
Outstanding at the end of the period
16,103,887
32
17,835,628
33
Exercisable at the end of the period
2,673,154
32
792,451
35

text: During the period 5.0 million (2017/18: 5.0 million) options were granted under the Sharesave Plan, with a weighted average exercise price at the date of exercise of 30 pence per ordinary share (2017/18: 33 pence).
text: The options outstanding at 30 March 2019 had a weighted average exercise price of 32 pence (2017/18: 33 pence), and a weighted average remaining contractual life of 1.6 years (2017/18: 1.6 years).
text: In 2018/19, the Group recognised an expense of £2.1m (2017/18: £2.8m), related to all equity-settled share-based payment transactions.
text: Premier Foods plc Sharesave Plan

Questions:
question: What was the amount of options granted under the Sharesave plan?
answer: 5.0 million
question: What was the weighted average exercise price of outstanding options at 30 March 2019?
answer: 32 pence
question: What was the expense recognised in 2018/19?
answer: £2.1m
question: What was the change in the Outstanding at the beginning of the period for options from 2017/18 to 2018/19?
answer: -2395706
derivation: 17,835,628 - 20,231,334
question: What is the change in the Exercised during the period weighted average exercise price from 2017/18 to 2018/19?
answer: -2
derivation: 32 - 34
question: What is the change in options granted between 2017/18 and 2018/19?
answer: 33571
derivation: 5,022,240 - 4,988,669
Fiscal Year End
2019
2018
(in millions)
Transportation Solutions
$ 1,639
$ 1,779
Industrial Solutions
1,315
1,245
Communications Solutions
361
441
Total
$ 3,315
$ 3,465

text: Seasonality and Backlog
text: We experience a slight seasonal pattern to our business. Overall, the third and fourth fiscal quarters are typically the strongest quarters of our fiscal year, whereas the first fiscal quarter is negatively affected by holidays and the second fiscal quarter may be affected by adverse winter weather conditions in some of our markets.
text: Certain of our end markets experience some seasonality. Our sales in the automotive market are dependent upon global automotive production, and seasonal declines in European production may negatively impact net sales in the fourth fiscal quarter. Also, our sales in the energy market typically increase in the third and fourth fiscal quarters as customer activity increases.
text: Customer orders typically fluctuate from quarter to quarter based upon business and market conditions. Backlog is not necessarily indicative of future net sales as unfilled orders may be cancelled prior to shipment of goods. Backlog by reportable segment was as follows:
text: We expect that the majority of our backlog at fiscal year end 2019 will be filled during fiscal 2020.

Questions:
question: What are sales in the automotive market dependent upon?
answer: dependent upon global automotive production, and seasonal declines in European production may negatively impact net sales in the fourth fiscal quarter
question: When do sales in the energy market typically increase?
answer: in the third and fourth fiscal quarters as customer activity increases
question: What were the segments for which backlog was calculated in the table?
answer: Transportation Solutions
Industrial Solutions
Communications Solutions
question: In which year was Communications Solutions larger?
answer: 2018
derivation: 441>361
question: What was the change in total backlog in 2019 from 2018?
answer: -150
derivation: 3,315-3,465
scale: million
question: What was the percentage change in total backlog in 2019 from 2018?
answer: -4.33
derivation: (3,315-3,465)/3,465
scale: percent
September 30,
2019
2018
(Amounts in thousands)
Current accrued benefit liability
$335
$340
Non-current accrued benefit liability
6,904
6,168
Total accrued benefit liability
$7,239
$6,508

text: Plans with projected benefit obligations in excess of plan assets are attributable to unfunded domestic supplemental retirement plans, and our U.K. retirement plan.
text: Accrued benefit liability reported as:
text: As of September 30, 2019 and 2018, the amounts included in accumulated other comprehensive income, consisted of
deferred net losses totaling approximately $6.3 million and $5.3 million, respectively.
text: The amount of net deferred loss expected to be recognized as a component of net periodic benefit cost for the year ending September 30, 2019, is approximately $229 thousand.

Questions:
question: What is the amount of net deferred loss expected to be recognized as a component of net periodic benefit cost for the year ending September 30, 2019?
answer: $229 thousand
question: What is the amount included in accumulated other comprehensive income as of September 30, 2019?
answer: $6.3 million
question: What is the amount included in accumulated other comprehensive income as of September 30, 2018?
answer: $5.3 million
question: What is the percentage change in the current accrued benefit liability between 2018 and 2019?
answer: -1.47
derivation: (335 - 340)/340 
scale: percent
question: What is the change in non-current accrued benefit liability between 2018 and 2019?
answer: 736
derivation: 6,904 - 6,168 
scale: thousand
question: How much is the current accrued benefit liability as a percentage of the total accrued benefit liability in 2019?
answer: 4.63
derivation: 335/7,239 
scale: percent
2019
2018
$ CHANGE
% CHANGE
Bell Wireless
(5,300)
(5,297)
(3)
(0.1%)
Bell Wireline
(6,942)
(6,946)
4
0.1%
Bell Media
(2,367)
(2,428)
61
2.5%
Inter-segment eliminations
751
738
13
1.8%
Total BCE operating costs
(13,858)
(13,933)
75
0.5%

text: 4.4 Operating costs
text: Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers.
text: Labour costs (net of capitalized costs) include wages, salaries and related taxes and benefits, post-employment benefit plans service cost, and other labour costs, including contractor and outsourcing costs
text: Other operating costs include marketing, advertising and sales commission costs, bad debt expense, taxes other than income taxes, IT costs, professional service fees and rent
text: BCE Total BCE operating costs declined by 0.5% in 2019, compared to last year, driven by reduced costs in Bell Media of 2.5%, while costs in Bell Wireless and Bell Wireline remained relatively stable year over year. These results reflected the benefit from the adoption of IFRS 16 in 2019.

Questions:
question: What does the cost of revenues include?
answer: Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers.
question: What is the percentage change for Bell Wireline?
answer: 0.1%
question: What are the Inter-segment eliminations in 2018?
answer: 738
question: What is the sum of Inter-segment eliminations in 2018 and 2019?
answer: 1489
derivation: 751+738
question: Which segment has the largest $ change?
answer: Bell Media
derivation: 61 > 4 > |-3|
question: What is the percentage of the costs incurred by Bell Wireline out of the total BCE operating costs in 2019?
answer: 50.09
derivation: -6,942/-13,858
scale: percent