next-tat/TAT-QA huggingface dataset:
Fiscal year
(in millions of €)
2019
2018
% Change
Revenue
22,104
28,185
(22) %
Cost of Sales
(15,825)
(21,074)
25 %
Gross profit
6,279
7,111
(12) %
as percentage of revenue
28 %
25 %
Research and development expenses
(2,362)
(2,788)
15 %
Selling and general administrative expenses
(3,979)
(3,767)
(6) %
Other operating income (expenses), net
9,469
1
n / a
Financial income, net thereof Income from investments, net 3,754 (prior year 5,381)
3,188
4,643
(31) %
Income from business activity
12,596
5,199
142 %
Income taxes
(1,377)
(653)
(111) %
Net income
11,219
4,547
147 %
Profit carried forward
170
134
27 %
Allocation to other retained earnings
(6,005)
(1,451)
> (200) %
Unappropriated net income
5,384
3,230
67 %

text: A.9.1 Results of operations
text: Statement of Income of Siemens AG in accordance with German Commercial Code (condensed)
text: Beginning of August 2018, Siemens AG carved out its mobility business to Siemens Mobility GmbH by way of singular succession. The decreases in revenue, cost of sales, gross profit and research and development (R & D) expenses were mainly driven by this carve-out.
text: On a geographical basis, 75 % of revenue was generated in the Europe, C. I. S., Africa, Middle East region, 18 % in the Asia, Australia region and 7 % in the Americas region. Exports from Germany accounted for 62 % of overall revenue. In fiscal 2019, orders for Siemens AG amounted to € 21.6 billion. Within Siemens AG, the development of revenue depends strongly on the completion of contracts, primarily in connection with large orders.
text: The R & D intensity (R & D as a percentage of revenue) increased by 0.8 percentage points year-over-year. The research and development activities of Siemens AG are fundamentally the same as for its fields of business activities within the Siemens Group, respectively. On an average basis, we employed 9,000 people in R & D in fiscal 2019.
text: The decrease in Financial income, net was primarily attributable to lower income from investments, net. The main factor for this decrease was a significant income from the profit transfer agreement with Siemens Beteiligungen Inland GmbH, Germany, in
fiscal 2018.

Questions:
question: What is the revenue break up based on geography?
answer: On a geographical basis, 75 % of revenue was generated in the Europe, C. I. S., Africa, Middle East region, 18 % in the Asia, Australia region and 7 % in the Americas region.
question: What caused the decrease in revenue, cost of sales, gross profit and research and development (R&D) expenses?
answer: The decreases in revenue, cost of sales, gross profit and research and development (R & D) expenses were mainly driven by this carve-out.
question: On an average how many people are employed in R&D in fiscal in 2019?
answer: 9,000
question: What is the average revenue for 2019 and 2018?
answer: 25144.5
derivation: (22,104 + 28,185) / 2
scale: million
question: What is the gross profit margin in 2019?
answer: 28.41
derivation: 6,279 / 22,104
scale: percent
question: What is the increase / (decrease) in Net Income from 2018 to 2019?
answer: 6672
derivation: 11,219 - 4,547
scale: million
2019
2018
2017
Current:
Federal 
$15,160
$63,814
$78
State 
—
234
33
Foreign 
11,943
10,134
10,016
27,103
74,182
10,127
Deferred:
Federal 
(3,498)
(2,958)
77
State 
827
(447)
38
Foreign 
(7,093)
23,793
(481)
(9,764)
20,388
(366)
$17,339
$94,570
$9,761

text: 6. Income Taxes
text: Income tax expense (benefit) for fiscal 2019, 2018 and 2017 were as follows (in thousands):

Questions:
question: Which years does the table provide information for the Income tax expense (benefit)?
answer: 2019
2018
2017
question: What was the current federal income tax expense  in 2017?
answer: 78
scale: thousand
question: What was the deferred federal income tax expense  in 2018?
answer: (2,958)
scale: thousand
question: How many years did the total income tax expense exceed $50,000 thousand?
answer: 1
derivation: 2018
question: What was the change in the total current income tax expense between 2017 and 2018?
answer: 64055
derivation: 74,182-10,127
scale: thousand
question: What was the percentage change in the deferred State income tax expense between 2017 and 2019?
answer: 2076.32
derivation: (827-38)/38
scale: percent
December 31, 2019
December 31, 2018
Tax loss carryforwards and investment credits
612
603
Less unrecognized tax benefit
(21)
(20)
Tax loss carry forwards net of unrecognized tax benefit
591
583
Inventory valuation
28
28
Impairment and restructuring charges
6
14
Fixed asset depreciation in arrears
39
35
Increased depreciation incentives
213
211
Capitalized development costs
118
108
Receivables for government funding
14
11
Tax credits granted on past capital investments
1,151
1,155
Pension service costs
81
65
Stock awards
6
7
Operating lease liabilities
40
—
Commercial accruals
15
12
Other temporary differences
22
26
Total deferred tax assets
2,324
2,255
Valuation allowances
(1,534)
(1,548)
Deferred tax assets, net
790
707
Accelerated fixed asset depreciation
(20)
(16)
Acquired intangible assets
(16)
(13)
Advances of government funding
(31)
(12)
Operating lease right-of-use assets
(40)
—
Other temporary differences
(7)
(7)
Deferred tax liabilities
(114)
(48)
Net deferred income tax asset
676
659

text: For a particular tax-paying component of the Company and within a particular tax jurisdiction, all current deferred tax liabilities and assets are offset and presented as a single amount, similarly to non-current deferred tax liabilities and assets. The Company does not offset deferred tax liabilities and assets attributable to different tax-paying components or to different tax jurisdictions.
text: The net deferred tax assets are recorded in legal entities which have been historically profitable and are expected to be profitable in the next coming years.

Questions:
question: What was the tax loss carryforwards and investment credits in 2019?
answer: 612
question: What adjustments are made by the company for deferred tax asset and liabilities?
answer: The Company does not offset deferred tax liabilities and assets attributable to different tax-paying components or to different tax jurisdictions.
question: What was the inventory valuation in 2019?
answer: 28
question: What is the increase/ (decrease) in Total deferred tax assets from December 31, 2018 to 2019?
answer: 69
derivation: 2,324-2,255
question: What is the increase/ (decrease) in Deferred tax liabilities from December 31, 2018 to 2019?
answer: 66
derivation: 114-48
question: What is the increase/ (decrease) in Net deferred income tax asset from December 31, 2018 to 2019?
answer: 17
derivation: 676-659
Fiscal Year Ended August 31,
2019
2018
2017
Common stock outstanding:
Beginning balances
164,588,172
177,727,653
186,998,472
Shares issued upon exercise of stock options
11,348
30,832
172,620
Shares issued under employee stock purchase plan
1,282,042
1,105,400
1,228,316
Vesting of restricted stock
1,983,261
2,727,229
2,102,049
Purchases of treasury stock under employee stock plans
(489,836)
(793,052)
(550,096)
Treasury shares purchased(1)
(13,854,607)
(16,209,890)
(12,223,708)
Ending balances
153,520,380
164,588,172
177,727,653

text: Common Stock Outstanding
text: The following represents the common stock outstanding for the fiscal year ended:
text: (1) During fiscal years 2018, 2017 and 2016, the Company’s Board of Directors authorized the repurchase of $350.0 million, $450.0 million and $400.0 million, respectively, of the Company’s common stock under share repurchase programs, which were repurchased during fiscal years 2019, 2018 and 2017, respectively.

Questions:
question: What years does the table provide information for the common stock outstanding for?
answer: 2019
2018
2017
question: What was the Beginning balance in 2019?
answer: 164,588,172
question: What was the Ending balance in 2017?
answer: 177,727,653
question: What was the change in the Vesting of restricted stock between 2018 and 2019?
answer: -743968
derivation: 1,983,261-2,727,229
question: How many years did the Shares issued upon exercise of stock options exceed 100,000?
answer: 1
derivation: 2017
question: What was the percentage change in the ending balance between 2018 and 2019?
answer: -6.72
derivation: (153,520,380-164,588,172)/164,588,172
scale: percent
For the Years
Ended December 31,
2019
2018(1)
Net revenues
Product sales
$1,975
30%
$2,255
30%
Subscription, licensing, and other revenues
4,514
70
5,245
70
Total net revenues
6,489
100
7,500
100
Costs and expenses
Cost of revenues—product sales:
Product costs
656
33
719
32
Software royalties, amortization, and intellectual property licenses
240
12
371
16
Cost of revenues—subscription, licensing, and other
Game operations and distribution costs
965
21
1,028
20
Software royalties, amortization, and intellectual property licenses
233
5
399
8
Product development
998
15
1,101
15
Sales and marketing
926
14
1,062
14
General and administrative
732
11
822
11
Restructuring and related costs
132
2
10
—
Total costs and expenses
4,882
75
5,512
73
Operating income
1,607
25
1,988
27
Interest and other expense (income), net
(26)
—
71
1
Loss on extinguishment of debt (2)
—
—
40
1
Income before income tax expense
1,633
25
1,877
25
Income tax expense
130
2
29
—
Net income
$1,503
23%
$1,848
25%

text: Consolidated Statements of Operations Data
text: The following table sets forth consolidated statements of operations data for the periods indicated (amounts in millions) and as a percentage of total net revenues, except for cost of revenues, which are presented as a percentage of associated revenues:
text: (1) During the three months ended March 31, 2019, we identified an amount which should have been recorded in the three months and year ended December 31, 2018 to reduce income tax expense by $35 million. Our statement of operations for the year ended December 31, 2018, as presented above, has been revised to reflect the correction. See further discussion in Note 2 of the notes to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K.
text: (2) Represents the loss on extinguishment of debt we recognized in connection with our debt financing activities during the year ended December 31, 2018. The loss on extinguishment is comprised of a $25 million premium payment and a $15 million write-off of unamortized discount and deferred financing costs.

Questions:
question: What does the loss on extinguishment comprise of?
answer: a $25 million premium payment and a $15 million write-off of unamortized discount and deferred financing costs.
question: What was net income in 2019?
answer: $1,503
scale: million
question: What was net income in 2018?
answer: $1,848
scale: million
question: What is the percentage change in product costs between 2018 and 2019?
answer: -8.76
derivation: (656-719)/719
scale: percent
question: What is the percentage change in operating income between 2018 and 2019?
answer: -19.16
derivation: (1,607-1,988)/1,988
scale: percent
question: What is the difference in game operations and distribution costs between 2018 and 2019?
answer: 63
derivation: (1,028-965)
scale: million
2019
2018
Number
Number
Manufacturing
40
37
Product development
54
50
Selling and marketing
52
45
Administration
32
30
178
162

text: 2. Employees
text: Please refer to the Report on Directors’ remuneration on pages 77 to 101 and note 38 of Notes to the consolidated financial statements on page 161 for disclosures relating to the emoluments, share incentives and long-term incentive interests and pensions of the Directors.
text: The average number of people employed by the Company during the year was:

Questions:
question: What should be referred to for disclosures relating to the emoluments, share incentives and long-term incentive interests and pensions of the Directors?
answer: refer to the Report on Directors’ remuneration on pages 77 to 101 and note 38 of Notes to the consolidated financial statements on page 161
question: What was the average number of people employed by the Company in 2019?
answer: 178
question: What are the different departments for which the average number of people were employed by the Company during the year was recorded?
answer: Manufacturing
Product development
Selling and marketing
Administration
question: In which year was the number of employees in Selling and marketing higher?
answer: 2019
derivation: 52>45
question: What was the change in the average number of people employed by the company in 2019?
answer: 16
derivation: 178-162
question: What was the percentage change in the average number of people employed by the company in 2019?
answer: 9.88
derivation: (178-162)/162
scale: percent
Amortized Cost
Unrealized Gains
Unrealized Losses
Fair Value
Current assets:
Cash
$67,818
$—
$—
$67,818
Cash equivalents:
Money market funds
126,075
—
—
126,075
Corporate bonds
1,000
—
—
1,000
Agency bonds
6,485
1
—
6,486
Commercial paper
9,609
—
(1)
9,608
Certificates of deposit
171
—
—
171
US treasury securities
4,749
—
—
4,749
Total cash equivalents
148,089
1
(1)
148,089
Total cash and cash equivalents
215,907
1
(1)
215,907
Short-term investments:
Corporate bonds
103,130
110
(7)
103,233
Agency bonds
3,966
2
—
3,968
US treasury securities
50,703
62
(1)
50,764
Commercial paper
23,827
1
—
23,828
Certificates of deposit
3,936
2
(1)
3,937
Asset-backed securities
15,837
12
—
15,849
Total short-term investments
201,399
189
(9)
201,579
Long-term investments:
Corporate bonds
19,407
12
(4)
19,415
US treasury securities
19,300
25
—
19,325
Asset-backed securities
11,693
10
(1)
11,702
Strategic investments
9,750
—
—
9,750
Total long-term investments
$60,150
$47
$(5)
$60,192

text: 5. INVESTMENTS
text: Investments in Marketable Securities
text: The Company’s investments in available-for-sale marketable securities are made pursuant to its investment policy, which has established guidelines relative to the diversification of the Company’s investments and their maturities, with the principal objective of capital preservation and maintaining liquidity sufficient to meet cash flow requirements.
text: The following is a summary of investments, including those that meet the definition of a cash equivalent, as of December 31, 2019 (in thousands):

Questions:
question: What is the principal objective of the company's investments?
answer: capital preservation and maintaining liquidity sufficient to meet cash flow requirements.
question: What was the fair value amount of cash?
answer: $67,818
scale: thousand
question: What was the fair value of corporate bonds?
answer: 1,000
scale: thousand
question: What percentage of fair value total cash equivalents consist of agency bonds?
answer: 4.38
derivation: (6,485/148,089)
scale: percent
question: What percentage of total unrealised gains for short-term investments consist of US treasury securities?
answer: 32.8
derivation: (62/189)
scale: percent
question: What is the total amortized cost of agency bonds and corporate bonds?
answer: 16094
derivation: 6,485+9,609
scale: thousand
Years Ended June 30,
($ in millions)
2019
2018
2017
Cost Data:
Repairs and maintenance costs
$120.4
$108.0
$99.1
Cash Flow Data:
Noncash investing and financing activities:
Noncash purchases of property, plant, equipment and software
$16.1
$16.5
$13.7
Cash paid (received) during the year for:
Interest payments, net
$27.6
$29.5
$27.7
Income tax payments (refunds), net
$27.5
$33.7
$(33.3)

text: 21. Supplemental Data
text: The following are additional required disclosures and other material items:

Questions:
question: What was the Repairs and maintenance costs in 2019?
answer: $120.4
scale: million
question: What was the  Noncash purchases of property, plant, equipment and software costs in 2018?
answer: $16.5
scale: million
question: In which years was the supplemental data provided?
answer: 2019
2018
2017
question: In which year was Repairs and maintenance costs the largest?
answer: 2019
derivation: 120.4>108.0>99.1
question: What was the change in Repairs and maintenance costs in 2019 from 2018?
answer: 12.4
derivation: 120.4-108.0
scale: million
question: What was the percentage change in Repairs and maintenance costs in 2019 from 2018?
answer: 11.48
derivation: (120.4-108.0)/108.0
scale: percent
July 27, 2019
July 28, 2018
July 29, 2017
Property and equipment, net:
United States
$2,266
$2,487
$2,711
International
523
519
611
Total
$2,789
$3,006
$3,322

text: (c) Additional Segment Information
text: The majority of our assets as of July 27, 2019 and July 28, 2018 were attributable to our U.S. operations. In fiscal 2019, 2018, and 2017, no single customer accounted for 10% or more of revenue.
text: Property and equipment information is based on the physical location of the assets. The following table presents property and equipment information for geographic areas (in millions):

Questions:
question: Which years does the table provide information for the company's property and equipment based on the physical location of the assets?
answer: 2019
2018
2017
question: What was the net property and equipment from United States in 2019?
answer: 2,266
scale: million
question: What was the net property and equipment from International regions in 2018?
answer: 519
scale: million
question: What was the change in net property and equipment from United States between 2017 and 2018?
answer: -224
derivation: 2,487-2,711
scale: million
question: What was the change in net property and equipment from International regions between 2017 and 2018?
answer: -92
derivation: 519-611
scale: million
question: What was the percentage change in the total net property and equipment between 2018 and 2019?
answer: -7.22
derivation: (2,789-3,006)/3,006
scale: percent
Years 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
688,681
681,020
1.1
1.3
(1,102)
American broadband services
465,645
369,200
26.1
21.5
16,911
Inter-segment eliminations and other
(46,386)
(43,402)
6.9
6.8
(12)
1,107,940
1,006,818
10.0
8.5
15,797

text: ADJUSTED EBITDA
text: (1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 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 fiscal 2018 which was 1.2773 USD/CDN.
text: Fiscal 2019 adjusted EBITDA increased by 10.0% (8.5% in constant currency) as a result of: • an increase in the American broadband services segment mainly as a result of strong organic growth combined with the impact of the MetroCast and FiberLight acquisitions; and • an increase in the Canadian broadband services segment resulting mainly from a decline in operating expenses.
text: For further details on the Corporation’s adjusted EBITDA, please refer to the "Segmented operating and financial results" section.

Questions:
question: What was the exchange rate in 2019?
answer: 1.3255 USD/CDN.
question: What was the exchange rate in 2018?
answer: 1.2773 USD/CDN.
question: What was the increase in 2019 EBITDA?
answer: 10.0%
question: What was the increase / (decrease) in Canadian broadband services from 2018 to 2019?
answer: 7661
derivation: 688,681 - 681,020
scale: thousand
question: What was the average American broadband services between 2018 and 2019?
answer: 417422.5
derivation: (465,645 + 369,200) / 2
scale: thousand
question: What was the increase / (decrease) in the Inter-segment eliminations and other from 2018 to 2019?
answer: -2984
derivation: (-46,386) - (-43,402)
scale: thousand
2019
2018
£ million
£ million
Schemes in net asset position
UK defined benefit pension plan – Staff Plan
7.8
1.1
UK defined benefit pension plan – Cash Plan
1.0
0.9
8.8
2.0
Schemes in net liability position
UK unfunded plan
(0.5)
(0.5)
Net pension plan surplus on the balance sheet
8.3
1.5

text: ii) Amounts in the financial statements
text: The assets and liabilities on the balance sheet are as follows:
text: 3. Pensions continued

Questions:
question: What was the net pension plan surplus on the balance sheet in 2019?
answer: 8.3
scale: million
question: What are the schemes comprising the assets and liabilities on the balance sheet in the table?
answer: Schemes in net asset position
Schemes in net liability position
question: What are the plans under Schemes in net asset position?
answer: UK defined benefit pension plan – Staff Plan
UK defined benefit pension plan – Cash Plan
question: In which year was the amount of UK defined benefit pension plan – Cash Plan larger?
answer: 2019
derivation: 1.0>0.9
question: What was the change in the net pension plan surplus on the balance sheet?
answer: 6.8
derivation: 8.3-1.5
scale: million
question: What was the percentage change in the net pension plan surplus on the balance sheet?
answer: 453.33
derivation: (8.3-1.5)/1.5
scale: percent
June 30, 2019
June 24, 2018
June 25, 2017
(in thousands)
Interest income
$98,771
$85,813
$57,858
Interest expense
(117,263)
(97,387)
(117,734)
Gains on deferred compensation plan related assets, net
10,464
14,692
17,880
Loss on impairment of investments
—
(42,456)
—
Gains (losses) on extinguishment of debt, net
118
542
(36,252)
Foreign exchange gains (losses), net
826
(3,382)
(569)
Other, net
(11,077)
(19,332)
(11,642)
$(18,161)
$(61,510)
$(90,459)

text: Note 6: Other Expense, Net
text: The significant components of other expense, net, were as follows:
text: Interest income in the year ended June 30, 2019, increased compared to the years ended June 24, 2018, and June 25, 2017, primarily as a result of higher yield. Interest expense in the year ended June 30, 2019, increased compared to the year ended June 24, 2018, primarily due to issuance of the $2.5 billion of senior notes. Interest expense in the year ended June 24, 2018, decreased compared to the year ended June 25, 2017, primarily due to the conversions of 2018 and 2041 Convertible Notes as well as the retirement of the 2018 Convertible Notes in May 2018.
text: The gain on deferred compensation plan related assets in fiscal years 2019, 2018 and 2017 was driven by an improvement in the fair market value of the underlying funds.
text: The loss on impairment of investments in the year ended June 24, 2018 was the result of a decision to sell selected investments held in foreign jurisdictions in connection with the Company’s cash repatriation strategy following the December 2017 U.S. tax reform.
text: Net loss on extinguishment of debt realized in the year ended June 25, 2017, was primarily a result of the special mandatory redemption of the Senior Notes due 2023 and 2026, as well as the termination of the Term Loan Agreement.

Questions:
question: What was the reason for the increase in interest income in 2019?
answer: higher yield
question: What was the reason for the loss on impairment of investments in the year ended June 24, 2018?
answer: a decision to sell selected investments held in foreign jurisdictions in connection with the Company’s cash repatriation strategy following the December 2017 U.S. tax reform.
question: What were the reasons for the net loss on extinguishment of debt realized in the year ended June 25, 2017?
answer: the special mandatory redemption of the Senior Notes due 2023 and 2026
the termination of the Term Loan Agreement
question: What is the percentage change in the interest income from 2018 to 2019?
answer: 15.1
derivation: (98,771-85,813)/85,813
scale: percent
question: What is the percentage change in the net gains on extinguishment of debt from 2018 to 2019?
answer: -78.23
derivation: (118-542)/542
scale: percent
question: What is the percentage change in the foreign exchange losses from 2017 to 2018?
answer: 494.38
derivation: (3,382-569)/569
scale: percent