next-tat/TAT-QA huggingface dataset:
Three Months Ended
% Variation
December 31, 2019
September 29, 2019
December 31, 2018
Sequential
Year-Over-Year
(Unaudited, in millions)
EMEA
$538
$549
$617
(2.0)%
(12.8)%
Americas
360
326
342
10.5
5.4
Asia Pacific
1,856
1,678
1,689
10.6
9.9
Total
$2,754
$2,553
$2,648
7.9%
4.0%

text: By region of shipment, in the 2019 fourth quarter, Asia Pacific revenues grew sequentially by 10.6%, principally in Imaging, Analog and Microcontrollers, Americas was up by 10.5%, mainly driven by Digital and Power Discrete, and EMEA decreased by 2.0%.
text: On a year-over-year basis, revenues grew 9.9% in Asia Pacific, mainly due to Analog, Microcontrollers and Imaging. In Americas, revenues grew 5.4%, mainly driven by Digital and Power Discrete, while it decreased by 12.8% in EMEA, mainly due to lower sales in Automotive, Power Discrete and  analog.

Questions:
question: What caused the increase in Asia Pacific revenues in fourth quarter of 2019?
answer: Imaging, Analog and Microcontrollers, Americas was up by 10.5%, mainly driven by Digital and Power Discrete, and EMEA decreased by 2.0%.
question: What was the year-over-year increase in revenue for Asia?
answer: 9.9%
question: What caused the year-over-year increase in Revenue for Asia?
answer: mainly due to Analog, Microcontrollers and Imaging.
question: What is the increase / (decrease) in the EMEA revenue from 2018 to 2019?
answer: -79
derivation: 538 - 617
scale: million
question: What is the average Americas revenue in 2019 and 2018?
answer: 351
derivation: (360 + 342) / 2
scale: million
question: What is the increase / (decrease) in the total revenue from 2018 to 2019?
answer: 106
derivation: 2,754 - 2,648
scale: million
January 31, 2019
January 31, 2018
(in millions)
ASC 606
ASC 605
ASC 605
Deferred revenue
$2,091.4
$2,269.2
$1,955.1
Unbilled deferred revenue
591.0
491.6
326.4
Total deferred revenue
$2,682.4
$2,760.8
$2,281.5

text: Total Deferred Revenue
text: The adoption of ASC Topic 606 required a change to the definition of unbilled deferred revenue and new qualitative and quantitative disclosures around our performance obligations. Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans primarily for subscription, services and maintenance for which the associated deferred revenue has not been recognized. Under ASC Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Consolidated Balance Sheet. See Part II, Item 8, Note 2, “Revenue Recognition” for more details on Autodesk's performance obligations.
text: We expect that the amount of billed and unbilled deferred revenue will change from quarter to quarter for several reasons, including the specific timing, duration and size of customer subscription and support agreements, varying billing cycles of such agreements, the specific timing of customer renewals, and foreign currency fluctuations

Questions:
question: What is the percentage of total revenue that comes from unbilled deferred revenue as of January 31, 2018?
answer: 14.31
derivation: (326.4/2,281.5) 
scale: percent
question: What is the difference between the unbilled deferred revenue for ASC 605 from January 31, 2018 to January 31, 2019?
answer: 165.2
derivation: 491.6-326.4 
scale: million
question: What are possible reasons that the amount of billed and unbilled deferred revenue will change from quarter to quarter?
answer: amount of billed and unbilled deferred revenue will change from quarter to quarter for several reasons, including the specific timing, duration and size of customer subscription and support agreements, varying billing cycles of such agreements, the specific timing of customer renewals, and foreign currency fluctuations
question: What is the difference between ASC 605 and ASC 606 in fiscal year 2019?
answer: The adoption of ASC Topic 606 required a change to the definition of unbilled deferred revenue and new qualitative and quantitative disclosures around our performance obligations.
Under ASC Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Consolidated Balance Sheet.
question: What is the unbilled deferred revenue as of January 31, 2018? 
answer: 326.4
scale: million
question: What is the average deferred revenue from 2018 to 2019 under ASC 605?
answer: 2112.15
derivation: (2,269.2+1,955.1)/2 
scale: million
USDm
2019
2018
Fair value of derivatives:
Derivative financial instruments regarding freight and bunkers:
Forward freight agreements
-0.3
0.5
Bunker swaps
-
-1.2
Derivative financial instruments regarding interest and currency exchange rate:
Forward exchange contracts
-0.4
-1.8
Interest rate swaps
-11.1
2.8
Fair value of derivatives as of 31 December
-11.8
0.3

text: NOTE 19 – DERIVATIVE FINANCIAL INSTRUMENTS
text: Please refer to note 21 “Financial Instruments” for further information on fair value hierarchies.

Questions:
question: What information is provided in Note 21?
answer: further information on fair value hierarchies.
question: What are the types of derivative financial instruments regarding freight and bunkers?
answer: Forward freight agreements
Bunker swaps
question: What are the types of derivative financial instruments regarding interest and currency exchange rate?
answer: Forward exchange contracts
Interest rate swaps
question: In which year was the amount of forward exchange contracts larger?
answer: 2018
derivation: |1.8|>|0.4|
question: What was the change in interest rate swaps from 2018 to 2019?
answer: -13.9
derivation: -11.1-2.8
scale: million
question: What was the percentage change in interest rate swaps from 2018 to 2019?
answer: -496.43
derivation: (-11.1-2.8)/2.8
scale: percent
Year Ended December 31,
(In thousands)
2019
2018
2017
2019 % Change from 2018
2018 % Change from 2017
Total cost of revenue
$ 1,058,097
$ 1,025,419
$ 864,909
3.2%
18.6%
Gross profit
$ 713,580
$ 724,543
$ 632,799
(1.5%)
14.5%
Gross margin %
40.3%
41.4%
42.3%

text: Gross Profit
text: Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018
text: Gross profit and margin decreased during the year ended December 31, 2019 compared to prior year primarily due to an increase in hosting migration costs, higher amortization of software development, recognition of previously deferred costs and the sale of OneContent business on April 2, 2018, which carried a higher gross margin compared with our other businesses. These were partially offset with an increase in organic sales for Veradigm and our acute solutions in 2019.
text: Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017
text: Gross profit increased during the year ended December 31, 2018 compared with the year ended December 31, 2017 primarily due to acquisitions. From a revenue mix perspective, gross profit associated with our recurring revenue streams, which include the delivery of recurring subscription-based software sales, support and maintenance, and recurring client services improved as we continued to expand our customer base for these services, particularly those related to outsourcing and revenue cycle management. Gross profit associated with our non-recurring software delivery, support and maintenance revenue stream decreased primarily due to fewer perpetual software license sales of our acute and population health management solutions. Gross profit associated with our non-recurring client services revenue stream, which includes non-recurring project-based client services, decreased primarily driven by higher internal personnel costs, including those related to incremental resources from recent acquisitions. Gross margin decreased primarily due to lower sales of higher margin perpetual software licenses and higher amortization of software development and acquisition-related assets driven by additional amortization expense associated with intangible assets acquired as part of recent acquisitions.

Questions:
question: What caused the decrease in Gross profit and margin in 2019?
answer: primarily due to an increase in hosting migration costs, higher amortization of software development, recognition of previously deferred costs and the sale of OneContent business on April 2, 2018, which carried a higher gross margin compared with our other businesses
question: What was the total cost of revenue in 2019?
answer: $ 1,058,097
scale: thousand
question: What was the gross profit margin in 2019?
answer: 40.3%
question: What is the change in the Total cost of revenue from 2018 to 2019?
answer: 32678
derivation: 1,058,097 - 1,025,419 
scale: thousand
question: What is the average gross profit between 2017-2019?
answer: 690307.33
derivation: (713,580 + 724,543 + 632,799) / 3
scale: thousand
question: What is the change in the gross margin % from 2018 to 2019?
answer: -1.1
derivation: 40.3% - 41.4%
scale: percent
Year ended June 30,
(In thousands)
2019
2018
Audit fees (1)
$4,598
$4,701
Audit-related fees (2)
—
—
Tax fees (3)
108
116
All other fees (4)
40
101
Total
$4,746
$4,918

text: Item 14. Principal Accountant Fees and Services
text: The aggregate fees for professional services rendered by our independent registered public accounting firm, KPMG LLP, for Fiscal 2019 and Fiscal 2018 were:
text: (1) Audit fees were primarily for professional services rendered for (a) the annual audits of our consolidated financial statements and the accompanying attestation report regarding our ICFR contained in our Annual Report on Form 10- K, (b) the review of quarterly financial information included in our Quarterly Reports on Form 10-Q, (c) audit services related to mergers and acquisitions and offering documents, and (d) annual statutory audits where applicable.
text: (2) Audit-related fees were primarily for assurance and related services, such as the review of non-periodic filings with the SEC.
text: (3) Tax fees were for services related to tax compliance, including the preparation of tax returns, tax planning and tax advice.
text: (4) All other fees consist of fees for services other than the services reported in audit fees, audit-related fees, and tax fees.
text: OpenText's Audit Committee has established a policy of reviewing, in advance, and either approving or not approving, all audit, audit-related, tax and other non-audit services that our independent registered public accounting firm provides to us. This policy requires that all services received from our independent registered public accounting firm be approved in advance by the Audit Committee or a delegate of the Audit Committee. The Audit Committee has delegated the pre-approval responsibility to the Chair of the Audit Committee. All services that KPMG LLP provided to us in Fiscal 2019 and Fiscal 2018 have been preapproved by the Audit Committee.
text: The Audit Committee has determined that the provision of the services as set out above is compatible with the maintaining of KPMG LLP's independence in the conduct of its auditing functions.

Questions:
question: What company renders the professional service to Open Text Corporation
answer: KPMG LLP
question: What years did KPMG LLP provide service to the company that was preapproved by the Audit Committee?
answer: Fiscal 2019 and Fiscal 2018
question: What units does the table use?
answer: thousands
question: In year ended 2019, what is the Audit fees expressed as a percentage of total fees?
answer: 96.88
derivation: 4,598/4,746
scale: percent
question: What is the average annual total Fees for Fiscal year 2019 and 2018?
answer: 4832
derivation: (4,746+4,918)/2
scale: thousand
question: What is the Tax fees for fiscal year 2019 expressed as a percentage of total fees?
answer: 2.28
derivation: 108/4,746
scale: percent
Name
Grant Date
Number of Securities Underlying Restricted Stock Awards and Restricted Stock Units (#)
Number of Securities Underlying Options (#)
Exercise or Base Price of Option Awards ($/Sh)
Grant Date Fair Value of Stock and Option Awards ($) (1)
Mr. Dorsey
—
—
—
—
—
Ms. Friar
4/25/2018
38,159
109,026
44.75
3,479,299
Ms.Henry
4/25/2018
38,159
109,026
44.75
3,479,299
Ms. Reses
4/25/2018
38,159
109,026
44.75
3,479,299
Ms. Whiteley
4/25/2018
16,695
47,699
44.75
1,522,215
Mr. Daswani
4/25/2018
4,198
—
—
187,861
Mr. Murphy
4/25/2018
4,962
—
—
222,050

text: Grants of Plan-Based Awards in 2018
text: The following table sets forth information regarding grants of awards made to our named executive officers during 2018. We did not grant any plan-based cash awards during 2018.
text: (1) The amounts included in this column represent the aggregate grant date fair value of RSUs, RSAs and option awards calculated in accordance with ASC 718. The valuation assumptions used in determining the grant date fair value of the RSUs, RSAs and options reported in this column are described in the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018.

Questions:
question: What does the table show?
answer: Information regarding grants of awards made to our named executive officers during 2018
question: What does the column “Grant Date Fair Value of Stock and Option Awards” represent?
answer: The aggregate grant date fair value of RSUs, RSAs and option awards calculated in accordance with ASC 718.
question: When is the Grant Date for all the executive officers?
answer: 4/25/2018
question: What is the difference between the smallest and largest amount of Grant Date Fair Value of Stock and Option Awards?
answer: 3291438
derivation: 3,479,299 - 187,861
question: What is the average Number of Securities Underlying Restricted Stock Awards and Restricted Stock Units for those who received it?
answer: 23388.67
derivation: (38,159 + 38,159 + 38,159 + 16,695 + 4,198 + 4,962) / 6 
question: What is the ratio of Ms. Henry’s to Ms. Whiteley’s Number of Securities Underlying Options?
answer: 2.29
derivation: 109,026 / 47,699
As of December 31,
2019
2018
(in thousands)
Prepaid income taxes
$—
$5,429
Other prepaid expenses and other current assets
288
1,151
$288
$6,580

text: NOTE 4 - PREPAID EXPENSES AND OTHER CURRENT ASSETS & PATENTS AND INTANGIBLE ASSETS
text: Prepaid Expenses and Other Current Assets
text: The components of prepaid expenses and other current assets are as presented below:
text: During 2019, tax refunds from the Internal Revenue Service of $5.0 million were received for the prepayment made during 2018.

Questions:
question: What is the value of tax refunds from the Internal Revenue Service in 2019?
answer: $5.0 million
question: What are the respective prepaid income taxes in 2019 and 2018?
answer: 0
5,429
scale: thousand
question: What are the respective values of other prepaid expenses and other current assets in 2019 and 2018?
answer: 288
1,151
scale: thousand
question: What is the average value of total paid expenses and other current assets in 2018 and 2019?
answer: 3434
derivation: (288 + 6,580)/2 
scale: thousand
question: What is the value of the prepaid income taxes as a percentage of the total prepaid expenses and other current assets in 2018?
answer: 82.51
derivation: 5,429/6,580 
scale: percent
question: What is the percentage change in other prepaid expenses and other current assets between 2018 and 2019?
answer: -74.98
derivation: (288 - 1,151)/1,151 
scale: percent
Fiscal
2019
2018
(in millions)
Acquisition-related charges:
Acquisition and integration costs
$  10
$  6
Charges associated with the amortization of acquisition-related fair value adjustments
3
4
13
10
Restructuring and other charges, net
63
80
Other items
2
—
Total
$  78
$  90

text: Operating income in the Industrial Solutions segment increased $78 million in fiscal 2019 from fiscal 2018. The Industrial Solutions segment’s operating income included the following:
text: Excluding these items, operating income increased in fiscal 2019 primarily as a result of higher volume and improved manufacturing productivity.

Questions:
question: What was the change in Operating income in the Industrial Solutions segment in 2019?
answer: increased $78 million
question: Why did operating income increase in fiscal 2019?
answer: primarily as a result of higher volume and improved manufacturing productivity.
question: For which years was the operating income in the Industrial Solutions segment calculated?
answer: 2019
2018
question: In which year was Acquisition and integration costs larger?
answer: 2019
derivation: 10>6
question: What was the change in Acquisition and integration costs in 2019 from 2018?
answer: 4
derivation: 10-6
scale: million
question: What was the percentage change in Acquisition and integration costs in 2019 from 2018?
answer: 66.67
derivation: (10-6)/6
scale: percent
December 31,
2019
2018
Cash and cash equivalents
$259,067
$256,947
Restricted cash included in other assets
304
304
Cash, cash equivalents and restricted cash shown in the statement of cash flows
$259,371
$257,251

text: Cash, Cash Equivalents and Restricted Cash
text: As of December 31, 2019, the Company had $259.1 million of cash and cash equivalents. Cash and cash equivalents include liquid investments, primarily money market funds, with maturities of less than 90 days at the time of purchase. Management determines the appropriate classification of its investments at the time of purchase and at each balance sheet date.
text: As of December 31, 2019 and December 31, 2018, the Company had restricted cash of $0.3 million, representing the amount pledged as collateral to the issuer of a standby letter of credit (the “LC”). The LC, which expires in August 2021, has been provided as a guaranty to the lessor of our corporate offices.
text: The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheet to the consolidated statement of cash flows (in thousands):

Questions:
question: What are the respective cash and cash equivalents in 2018 and 2019?
answer: $256,947
$259,067
scale: thousand
question: What are the respective restricted cash included in other assets in 2018 and 2019?
answer: 304
304
scale: thousand
question: What are the respective cash, cash equivalents and restricted cash shown in the statement of cash flows in 2018 and 2019?
answer: $257,251
$259,371
scale: thousand
question: What is the average cash and cash equivalents in 2018 and 2019?
answer: 258007
derivation: ($259,067 + $256,947)/2 
scale: thousand
question: What is the percentage change in cash and cash equivalents between 2018 and 2019?
answer: 0.83
derivation: (259,067 - 256,947)/256,947 
scale: percent
question: What is the percentage change in the cash, cash equivalents and restricted cash shown in the statement of cash flows between 2018 and 2019?
answer: 0.82
derivation: (259,371 - 257,251)/257,251 
scale: percent
March 31,
(amounts in thousands)
2019
2018
Accounts receivable:
Trade
$176,715
$166,459
Allowance for doubtful accounts reserve
(1,206)
(1,210)
Ship-from-stock and debit (“SFSD”) reserve
(18,862)
(17,362)
Returns reserves (1)
(964)
(131)
Rebates reserves
(967)
(446)
Price protection reserves
(657)
(420)
Other
—
(329)
Accounts receivable, net (1)
$154,059
$146,561

text: Note 13: Supplemental Balance Sheets and Statements of Operations Detail
text: (1) Fiscal year ended March 31, 2018 adjusted due to the adoption of ASC 606.

Questions:
question: Which years does the table provide information for the Supplemental Balance Sheets and Statements of Operations Detail for the company?
answer: 2019
2018
question: What was the amount of trade in 2019?
answer: 176,715
scale: thousand
question: What was the Allowance for doubtful accounts reserve in 2018?
answer: (1,210)
scale: thousand
question: Which years did the net accounts receivables exceed $150,000 thousand?
answer: 1
derivation: 2019
question: What was the change in the Returns reserves between 2018 and 2019?
answer: -833
derivation: -964-(-131)
scale: thousand
question: What was the percentage change in the amount of trade between 2018 and 2019?
answer: 6.16
derivation: (176,715-166,459)/166,459
scale: percent
Year Ended December 31,
2019
2018
2017
Tax at federal statutory rate
21.0 %
21.0 %
35.0 %
State taxes, net of federal effect
(0.3)
(0.1)
(5.4)
Foreign rate differential
(6.0)
(3.9)
(9.3)
Tax credits
1.6
6.3
4.1
Domestic production activities deduction
—
—
(3.5)
Stock-based compensation
(1.0)
(4.9)
(5.3)
Change in prior year reserves
(1.5)
(0.1)
(2.0)
Change in valuation allowance
(13.4)
(15.2)
(35.2)
Effect of change in tax rate due to Tax Act
—
—
(23.4)
Other (1)
(4.2)
(4.0)
2.6
Effective tax rate
(3.8)%
(0.9)%
(42.4)%

text: The reconciliation of the Company’s effective tax rate to the statutory federal rate is as follows:
text: (1) For the years ended December 31, 2019 and December 31, 2018, this is inclusive of (3.4%) and (3.8%) impact, respectively, that is primarily related to the change in uncertain tax positions.
text: For 2019, the Company recorded an expense for income taxes of $11.6 million, resulting in an effective tax rate of (3.8)%. The effective tax rate is different than the U.S. statutory federal tax rate primarily due to stock-based compensation expense following the decision in Altera Corp v. Commissioner by the U.S. Court of Appeals for the Ninth Circuit discussed below, the full valuation allowance on the Company's U.S. deferred tax assets, the mix of income/losses among the Company’s foreign jurisdictions, and pretax losses in jurisdictions for which no tax benefit will be recognized.

Questions:
question: What is the income tax expense for 2019?
answer: $11.6 million
question: What are the years that have tax at federal statutory rate of 21.0%?
answer: 2018
2019
question: What is the effective tax rate in 2017?
answer: (42.4)%
question: What is the average tax at federal statutory rate from 2017-2019?
answer: 25.67
derivation: (21.0+21.0+35.0)/3
scale: percent
question: What is the difference in tax credits between 2018 and 2019?
answer: 4.7
derivation: 6.3-1.6
scale: percent
question: What is the average tax credits from 2017-2019?
answer: 4
derivation: (1.6+6.3+4.1)/3
scale: percent