next-tat/TAT-QA huggingface dataset:
December 27, 2019 
December 28, 2018 
December 29, 2017
Statutory U.S. Federal tax
$6,805
$5,847
$6,443
Differences due to:
State and local taxes, net of federal benefit 
2,078
1,906
1,112
Change in valuation allowance 
95
523
289
Impact of the Tax Act 
—
—
(3,573)
Stock compensation 
(676)
(197)
162
Other 
(92)
(637)
(391)
Income tax expense
$8,210
$7,442
$4,042

text: Note 12 – Income Taxes
text: Income tax expense for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017 differed from amounts computed using the statutory federal income tax rate due to the following reasons:

Questions:
question: What is the Statutory U.S. Federal tax for 2019, 2018 and 2017 respectively?
answer: $6,805
$5,847
$6,443
question: What is the Income tax expense for 2019, 2018 and 2017 respectively?
answer: $8,210
$7,442
$4,042
question: What is the change in valuation allowance for 2017?
answer: 289
question: Which year has the highest Statutory U.S. Federal tax?
answer: 2019
derivation: 6,805> 6,443> 5,847
question: What is the change in Statutory U.S. Federal tax between 2018 and 2019?
answer: 958
derivation: 6,805-5,847
question: What is the average Statutory U.S. Federal tax from 2017-2019?
answer: 6365
derivation: (6,805+ 5,847+ 6,443)/3
USDm
2019
2018
2017
Allowance for expected credit loss
Balance as of 1 January
1.7
1.3
2.6
Adjustment to prior years
1.5
-
-
Provisions for the year
2.4
1.7
0.6
Provisions reversed during the year
-1.9
-1.0
-1.9
Provisions utilized during the year
-
-0.3
-
Balance as of 31 December
3.7
1.7
1.3

text: Management makes allowance for expected credit loss based on the simplified approach to provide for expected credit losses, which permits the use of the lifetime expected loss provision for all trade receivables. Expected credit loss for receivables overdue more than 180 days is 25%-100%, depending on category. Expected credit loss for receivables overdue more than one year is 100%.
text: Movements in provisions for impairment of freight receivables during the year are as follows:
text: Allowance for expected credit loss of freight receivables have been recognized in the income statement under "Port expenses, bunkers and commissions".
text: Allowance for expected credit loss of freight receivables is calculated using an ageing factor as well as a specific customer knowledge and is based on a provision matrix on days past due.

Questions:
question: What is recognized in the income statement under Port expenses, bunkers and commissions?
answer: Allowance for expected credit loss of freight receivables
question: How is allowance for expected credit loss of freight receivables calculated?
answer: using an ageing factor as well as a specific customer knowledge and is based on a provision matrix on days past due.
question: For which years are the movements in provisions for impairment of freight receivables during the year recorded?
answer: 2019
2018
2017
question: In which year was the Balance as of 1 January the largest?
answer: 2017
derivation: 2.6>1.7>1.3
question: What was the change in the Balance as of 31 December in 2019 from 2018?
answer: 2
derivation: 3.7-1.7
scale: million
question: What was the percentage change in the Balance as of 31 December in 2019 from 2018?
answer: 117.65
derivation: (3.7-1.7)/1.7
scale: percent
Year-ended 31 March 2019
Year-ended 31 March 2018 Restated See note 2
$M
$M
Current income tax:
UK corporation tax
1.3
1.2
Adjustments in respect of previous years UK tax
0.3
0.3
Overseas tax before exceptional items
22.2
23.0
Adjustment in respect of previous years
13.1
10.2
Total current tax charge
36.9
34.7
Deferred tax:
Origination and reversal of temporary differences
2.5
(16.7)
Impact of changes in US tax rate
-
5.4
Adjustment in respect of previous years
(12.7)
(3.5)
Total deferred tax credit
(10.2)
(14.8)
Total income tax charge
26.7
19.9

text: 14 Taxation
text: UK corporation tax for the year-ended 31 March 2019 is calculated at 19% (2018: 19%) of the estimated assessable loss for the period.

Questions:
question: What was UK corporation tax for the year-ended 31 March 2019 calculated as?
answer: 19% (2018: 19%) of the estimated assessable loss for the period.
question: What was the total income tax charge in 2019?
answer: 26.7
scale: million
question: What are the subtotal components in the table used to calculate the total income tax charge?
answer: Total current tax charge
Total deferred tax credit
question: In which year was the total income tax charge larger?
answer: 2019
derivation: 26.7>19.9
question: What was the change in Total income tax charge in 2019 from 2018?
answer: 6.8
derivation: 26.7-19.9
scale: million
question: What was the percentage change in Total income tax charge in 2019 from 2018?
answer: 34.17
derivation: (26.7-19.9)/19.9
scale: percent
December 31,
(in thousands)
2019
2018
Land
$199
$199
Building and improvements
6,983
6,983
Rental property
2,749
2,749
Software
12,015
2,226
Furniture and equipment
11,755
10,274
Construction in process
480
8,519
34,181
30,950
Less accumulated depreciation
(19,830)
(18,375)
$ 14,351
$ 12,575

text: Note 8 — Property, Plant and Equipment, net
text: The components of property, plant and equipment, net, are:
text: The estimated useful lives of buildings and improvements and rental property are twenty to twenty-five years. The estimated useful lives of furniture and equipment range from three to eight years. Depreciation expense from continuing operations was $1.5 million and $1.2 million for 2019 and 2018, respectively.
text: The Company leases a portion of its headquarters facility to various tenants. Net rent received from these leases totaled $0.3 million and $0.4 million for 2019 and 2018, respectively.

Questions:
question: What is the estimated useful lives of furniture and equipment?
answer: range from three to eight years.
question: What was the Depreciation expense from continuing operations for 2019 and 2018 respectively?
answer: $1.5 million
$1.2 million
question: How much was the Net rent received from leases for 2019 and 2018 respectively?
answer: $0.3 million
$0.4 million
question: What is the change in Furniture and equipment between December 31, 2018 and 2019?
answer: 1481
derivation: 11,755-10,274
scale: thousand
question: What is the change in accumulated depreciation between December 31, 2018 and 2019?
answer: 1455
derivation: 19,830-18,375
scale: thousand
question: What is the average Furniture and equipment for December 31, 2018 and 2019?
answer: 11014.5
derivation: (11,755+10,274) / 2
scale: thousand
2019
2018
£m
£m
Fees payable for the audit of the Company and consolidated financial statements
0.1
0.1
Fees payable for other services:
– the audit of the subsidiary undertakings pursuant to legislation
0.2
0.1
Total
0.3
0.2

text: Services provided by the Company’s auditors
text: During the year, the Group (including overseas subsidiaries) obtained the following services from the operating company’s auditors:

Questions:
question: What was the total amount of fees payable in 2019?
answer: 0.3
scale: million
question: What do the fees payable for other services relate to?
answer: the audit of the subsidiary undertakings pursuant to legislation
question: What do the fees in the table relate to?
answer: Services provided by the Company’s auditors
question: In which year was the total amount of fees payable larger?
answer: 2019
derivation: 0.3>0.2
question: What was the change in the total amount of fees payable in 2019 from 2018?
answer: 0.1
derivation: 0.3-0.2
scale: million
question: What was the percentage change in the total amount of fees payable in 2019 from 2018?
answer: 50
derivation: (0.3-0.2)/0.2
scale: percent
Services
2018 ($)
2019 ($)
Audit Fees
5,859,755
5,024,093
Audit-Related Fees
137,420
3,178,737
Tax Fees
1,440,168
2,346,879
All Other Fees
11,200
10,955
Total
7,448,544
10,560,664

text: Ernst & Young LLP
text: Ernst & Young LLP fees incurred by us for fiscal 2018 and 2019 were as follows:
text: Audit Fees: Audit fees for fiscal 2018 and 2019 were for professional services rendered in connection with audits of our consolidated financial statements, statutory audits of our subsidiary companies, quarterly reviews, and assistance with documents that we filed with the SEC (including our Forms 10-Q and 8-K) for periods covering fiscal 2018 and 2019.
text: Audit-Related Fees: Audit-related fees for 2018 and 2019 were for professional services rendered in connection with consultations with management on various accounting matters, including audit of financial
statements of a carve-out entity and sell-side due diligence with respect to our previously announced Spin-Off.
text: Tax Fees: Tax fees for 2018 and 2019 were for tax compliance and consulting services.
text: All Other Fees: Other fees in 2018 and 2019 were for access to technical accounting services.

Questions:
question: What are the components of the fees incurred?
answer: Audit Fees
Audit-Related Fees
Tax Fees
All Other Fees
question: What are the other fees for in 2018 and 2019?
answer: For access to technical accounting services.
question: What are the tax fees used for?
answer: For tax compliance and consulting services.
question: Which year was the tax fees higher?
answer: 2019
derivation: 2,346,879 > 1,440,168
question: What was the change in audit fees?
answer: -835662
derivation: 5,024,093-5,859,755 
question: What was the percentage change in total fees from 2018 to 2019?
answer: 41.78
derivation: ( 10,560,664 - 7,448,544 )/ 7,448,544 
scale: percent
As of December 31,
2019
2018
2017
2016
2015
(In thousands)
Cash and cash equivalents
$19,505
$18,017
$22,553
$26,838
$35,128
Working capital
$1,116
$6,356
$7,646
$14,643
$16,046
Total assets
$54,538
$43,424
$45,672
$53,530
$68,579
Stockholders' equity
$10,863
$14,059
$13,078
$18,064
$21,387

text: Item 6. Selected Consolidated Financial Data
text: The following table presents selected consolidated financial data as of and for the five-year period ended December 31, 2019. Our past results of operations are not necessarily indicative of our future results of operations. The following selected consolidated financial data is qualified in its entirety by, and should be read in conjunction with, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included elsewhere herein.
text: Consolidated Balance Sheet Data:

Questions:
question: What is the value of cash and cash equivalents from 2019 to 2015 respectively?
answer: $19,505
$18,017
$22,553
$26,838
$35,128
scale: thousand
question: What is the value of working capital from 2019 to 2015 respectively?
answer: $1,116
$6,356
$7,646
$14,643
$16,046
scale: thousand
question: What should the table show be read in conjunction with?
answer: Management's Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included elsewhere herein.
question: What is the average value of working capital from 2015 to 2019?
answer: 9161.4
derivation: (1,116+ 6,356+ 7,646+ 14,643+16,046)/5
scale: thousand
question: What is the change in the value of total assets between 2019 and 2018?
answer: 11114
derivation: 54,538-43,424
scale: thousand
question: What is the percentage change for cash and cash equivalents between 2018 and 2019?
answer: 8.26
derivation: (19,505-18,017)/18,017
scale: percent
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
April 28, 2019 to May 25, 2019
42
$54.33
42
$15,700
May 26, 2019 to June 22, 2019
22
$55.07
22
$14,465
June 23, 2019 to July 27, 2019
18
$56.46
18
$13,460
Total
82
$54.99
82

text: Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
text: (a) Cisco common stock is traded on the Nasdaq Global Select Market under the symbol CSCO. Information regarding quarterly cash dividends declared on Cisco’s common stock during fiscal 2019 and 2018 may be found in Supplementary Financial Data on page 106 of this report. There were 39,216 registered shareholders as of August 30, 2019.
text: (b) Not applicable.
text: (c) Issuer purchases of equity securities (in millions, except per-share amounts):
text: On September 13, 2001, we announced that our Board of Directors had authorized a stock repurchase program. On February 13, 2019, our Board of Directors authorized a $15 billion increase to the stock repurchase program. As of July 27, 2019, the remaining authorized amount for stock repurchases under this program, including the additional authorization, is approximately $13.5 billion with no termination date.
text: For the majority of restricted stock units granted, the number of shares issued on the date the restricted stock units vest is net of shares withheld to meet applicable tax withholding requirements. Although these withheld shares are not issued or considered common stock repurchases under our stock repurchase program and therefore are not included in the preceding table, they are treated as common stock repurchases in our financial statements as they reduce the number of shares that would have been issued upon vesting (see Note 14 to the Consolidated Financial Statements).

Questions:
question: When did the Board of Directors authorize an increase to the stock repurchase program?
answer: On February 13, 2019, our Board of Directors authorized a $15 billion increase to the stock repurchase program.
question: Where is Cisco common stock traded under?
answer: Cisco common stock is traded on the Nasdaq Global Select Market under the symbol CSCO.
question: How many shareholders were there as of August 30, 2019?
answer: There were 39,216 registered shareholders as of August 30, 2019
question: What was the total amount paid for the shares during the period from April 28, 2019 to May 25, 2019 and May 26, 2019 to June 22, 2019?
answer: 3493.4
derivation: (42*54.33)+(22*55.07)
scale: million
question: What was the average total amount paid for the shares during the period from April 28, 2019 to May 25, 2019 and May 26, 2019 to June 22, 2019?
answer: 1746.7
derivation: ((42*54.33)+(22*55.07))/2
scale: million
question: What is the average of Average Price Paid per Share in the three period? 
answer: 55.29
derivation: ($54.33+$55.07+$56.46)/3
For the fiscal year ended
June 1, 2019
June 2, 2018
June 3, 2017
Net sales
$112,396
$107,705
$86,072
Net income
9,490
7,071
2,804
Total assets
128,470
134,056
131,871
Total liabilities
7,600
5,859
6,543
Total equity
120,870
128,197
125,328

text: 3. Investment in Unconsolidated Entities
text: The Company has several investments in unconsolidated entities that are accounted for using the equity method of accounting. Red River Valley Egg Farm, LLC ("Red River") operates a cage-free shell egg production complex near Bogota, Texas. Specialty Eggs, LLC ("Specialty Eggs") owns the Egg-Land's Best franchise for most of Georgia and South Carolina, as well as a portion of western North Carolina and eastern Alabama. Southwest Specialty Eggs, LLC ("Southwest Specialty Eggs") owns the Egg-Land's Best franchise for Arizona, southern California and Clark County, Nevada (including Las Vegas). As of June 1, 2019, the Company owns 50% of each of Red River, Specialty Eggs, and Southwest Specialty Eggs. Equity method investments are included in “Investments in unconsolidated entities” in the accompanying Consolidated Balance Sheets and totaled $60.7 million and $64.2 million at June 1, 2019 and at June 2, 2018, respectively.
text: Equity in income of unconsolidated entities of $4.8 million, $3.5 million, and $1.4 million from these entities has been included in the Consolidated Statements of Operations for fiscal 2019, 2018, and 2017, respectively.
text: The condensed consolidated financial information for the Company's unconsolidated joint ventures was as follows (in thousands):
text: The Company is a member of Eggland’s Best, Inc. (“EB”), which is a cooperative. At June 1, 2019 and June 2, 2018, “Other long-term assets” as shown on the Company’s Consolidated Balance Sheet includes the cost of the Company’s investment in EB plus any qualified written allocations. The Company cannot exert significant influence over EB’s operating and financial activities; therefore, the Company accounts for this investment using the cost method. The carrying value of this investment at June 1, 2019 and June 2, 2018 was $2.6 million and $2.6 million, respectively.

Questions:
question: What is the net sales in 2019?
answer: 112,396
scale: thousand
question: What is the increase in net sales from 2018 to 2019?
answer: 4691
derivation: 112,396 - 107,705
scale: thousand
question: What is the average total assets in 3 years?
answer: 131465.67
derivation: (128,470 + 134,056 + 131,871) / 3
scale: thousand
question: What is the Return on Assets in 2019?
answer: 7.39
derivation: 9,490 / 128,470
scale: percent
question: Which method is used by the company to account for investments?
answer: investment using the cost method
question: What percentage each of Red River, Specialty Eggs, and Southwest Specialty Eggs is owned by the company?
answer: 50%
July 27, 2019
July 28, 2018
Increase (Decrease)
Service
$11,709
$11,431
$ 278
Product
6,758
8,254
(1,496)
Total
$18,467
$19,685
$(1,218)
Reported as:
Current
$10,668
$11,490
$(822)
Noncurrent
7,799
8,195
(396)
Total
$18,467
$19,685
$(1,218)

text: Deferred Revenue The following table presents the breakdown of deferred revenue (in millions):
text: Deferred revenue decreased primarily due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019. Of the total deferred revenue decrease related to the adoption of ASC 606 of $2.8 billion, $2.6 billion relates to deferred product revenue and $0.2 billion relates to deferred service revenue. Of the adjustment to deferred product revenue, $1.3 billion related to our recurring software and subscription offers, $0.6 billion related to two-tier distribution, and the remainder related to nonrecurring software and other adjustments. The decrease related to the adoption of ASC 606 was partially offset by an increase in product deferred revenue during the fiscal year. The increase in deferred service revenue was driven by the impact of contract renewals, partially offset by amortization of deferred service revenue.

Questions:
question: What was the main reason for the decrease in revenue?
answer: due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019.
question: Why did deferred service revenue increase?
answer: driven by the impact of contract renewals, partially offset by amortization of deferred service revenue.
question: Which years does the table provide information for the breakdown of the company's deferred revenue?
answer: 2019
2018
question: What was the percentage change in service revenue between 2018 and 2019?
answer: 2.43
derivation: (11,709-11,431)/11,431
scale: percent
question: How many years did total reported deferred revenue exceed $15,000 million?
answer: 2
derivation: 2019##2018
question: What was the percentage change in the total product revenue between 2018 and 2019?
answer: -18.12
derivation: (6,758-8,254)/8,254
scale: percent
Combined pensions schemes (£m)
30 March 2019
31 March 2018
Assets
Equities
179.5
296.5
Government bonds
1,490.4
1,046.4
Corporate bonds
26.9
20.7
Property
436.5
391.0
Absolute return products
1,141.2
1,323.3
Cash
38.1
32.4
Infrastructure funds
256.1
254.6
Swaps
556.4
715.3
Private equity
446.1
344.0
Other
469.5
439.4
Total Assets
5,040.7
4,863.6
Liabilities
Discount rate
2.45%
2.70%
Inflation rate (RPI/CPI)
3.25%/2.15%
3.15%/2.05%

text: Assets in the combined schemes increased by £177.1m to £5,040.7m in the period. RHM scheme assets increased by £149.1m to £4,333.6m while the Premier Foods’ schemes assets increased by £28.0m to £707.1m. The most significant movement by asset class is that of government bonds which increased by £444.0m in the year, predominantly in the RHM scheme.
text: Liabilities in the combined schemes increased by £121.0m in the year to £4,667.6m. The value of liabilities associated with the RHM scheme were £3,495.8m, an increase of £65.3m while liabilities in the Premier Foods schemes were £55.7m higher at £1,171.8m. The increase in the value of liabilities in both schemes is due to a lower discount rate assumption of 2.45% (31 March 2018: 2.70%) and an increase in the RPI inflation rate assumption; from 3.15% to 3.25%.
text: The Group’s Pension Trustees have just commenced the triennial actuarial valuation process of the Group’s pension schemes as at 31 March 2019 (RHM scheme) and 5 April 2019 (Premier Foods main scheme). This exercise typically takes a number of months to conclude; the output of which will be provided in due course.
text: The net present value of future deficit payments, to the end of the respective recovery periods remains at circa £300–320m.

Questions:
question: What was the increase in the assets in the combined schemes in 2019?
answer: £177.1m
question: What was the increase in the liabilities in the combined schemes in 2019?
answer: £121.0m
question: What was the net present value of future-deficit payments?
answer: £300–320m
question: What was the change in equities from 2018 to 2019?
answer: -117
derivation: 179.5 - 296.5
scale: million
question: What was the average government bonds for 2018 and 2019?
answer: 1268.4
derivation: (1,490.4 + 1,046.4) / 2
scale: million
question: What was the change in the corporate bonds from 2018 to 2019?
answer: 6.2
derivation: 26.9 - 20.7
scale: million
Years ended December 31,
2019
2018
2017
Basic weighted-average shares outstanding
103.9
103.2
102.2
Effect of potential common stock:
Common stock awards
1.2
1.2
1.3
Diluted weighted-average shares outstanding
105.1
104.4
103.5

text: Earnings per Share—Basic earnings per share were calculated using net earnings and the weighted-average number of shares of common stock outstanding during the respective year. Diluted earnings per share were calculated using net earnings and the weighted-average number of shares of common stock and potential common stock associated with stock options outstanding during the respective year. The effects of potential common stock were determined using the treasury stock method:
text: As of and for the years ended December 31, 2019, 2018 and 2017, there were 0.627, 0.724 and 0.478 outstanding stock options, respectively, that were not included in the determination of diluted earnings per share because doing so would have been antidilutive.

Questions:
question: How is basic earning per share calculated?
answer: using net earnings and the weighted-average number of shares of common stock outstanding during the respective year
question: How many outstanding stock options would have been antidilutive for fiscal years 2017 and 2018, respectively?
answer: 0.478
0.724
question: How are the effects of potential common stock determined?
answer: using the treasury stock method
question: What is the average of basic weighted-average shares outstanding from 2017 to 2019?
answer: 103.1
derivation: (103.9+103.2+102.2)/3 
question: What is the proportion of basic over diluted weighted-average shares outstanding in 2017?
answer: 0.99
derivation: 102.2/103.5 
question: What is the change in Diluted weighted-average shares outstanding between 2018 and 2019?
answer: 0.7
derivation: 105.1-104.4