next-tat/TAT-QA huggingface dataset:
Payments due by period
(IN MILLIONS)
Total
2020
2021
2022
2023
2024
Thereafter
Finance lease obligations(a)
$162
$61
$42
$29
$15
$7
$8
Operating leases(b)
574
136
99
75
53
40
171
Other contractual obligations(c)
1,639
627
295
203
190
185
139
Long-term debt, including current portion(a)
8,164
854
702
2,399
3,710
—
499
Interest(d)
1,038
354
315
216
115
25
13
Pension fund obligations(e)
28
28
—
—
—
—
—
Total
$11,605
$2,060
$1,453
$2,922
$4,083
$257
$830

text: Other Contractual Obligations
text: Our other contractual obligations include finance lease obligations (including interest portion), facility leases, leases of certain computer and other equipment, agreements to purchase data and telecommunication services, the payment of principal and interest on debt and pension fund obligations.
text: At December 31, 2019, the minimum annual payments under these agreements and other contracts that had initial or remaining non-cancelable terms in excess of one year are as listed in the following table. Due to the uncertainty with respect to the timing of future cash flows associated with our unrecognized tax positions at December 31, 2019, we are unable to make reasonably reliable estimates of the timing of any potential cash settlements with the respective taxing authorities. Therefore, $189 million in uncertain tax positions (which includes interest and penalties of $25 million) have been excluded from the contractual obligations table below. See Note 15 – “Income Taxes” – to the consolidated financial statements for a discussion on income taxes.
text: (a) Our short-term and long-term debt obligations are described in Note 12 – “Long-Term Debt and Other Financing Arrangements” and our short-term and long-term finance lease obligations are described in Note 5 “Leases”,– to our consolidated financial statements.
text: (b) Our operating lease obligations are described in Note 17 – “Commitments and Contingencies” – to our consolidated financial statements.

Questions:
question: What do the other contractual obligations include?
answer: finance lease obligations (including interest portion), facility leases, leases of certain computer and other equipment, agreements to purchase data and telecommunication services, the payment of principal and interest on debt and pension fund obligations
question: What is the total amount of finance lease obligations?
answer: $162
scale: million
question: What is the total amount of payments due?
answer: 11,605
scale: million
question: What is the percentage of total pension fund obligations in the total amount of payments due?
answer: 0.24
derivation: 28/11,605
scale: percent
question: What is the percentage constitution of amount of finance lease obligations due in 2024 among the total amount?
answer: 4.32
derivation: 7/162
scale: percent
question: What is the difference between the total payment for operating leases and finance lease obligations?
answer: 412
derivation: 574-162
scale: million
2019
2018
2017
At 31 March
£m
£m
£m
Cash at bank and in hand
495
446
469
Cash equivalents
US deposits
3
26
32
UK deposits
1,132
31
1
Other deposits
36
25
26
Total cash equivalents
1,171
82
59
Total cash and cash equivalents
1,666
528
528
Bank overdrafts (note25)
(72)
(29)
(17)
Cash and cash equivalents per the cash flow statement
1,594
499
511

text: 24. Cash and cash equivalents
text: Significant accounting policies that apply to cash and cash equivalents Cash and cash equivalents comprise cash in hand and current balances with banks and similar institutions, which are readily convertible to cash and are subject to insignificant risk of changes in value and have an original maturity of three months or less. All are held at amortised cost on the balance sheet, equating to fair value. For the purpose of the consolidated cash flow statement, cash and cash equivalents are as defined above net of outstanding bank overdrafts. Bank overdrafts are included within the current element of loans and other borrowings (note 25).
text: IFRS 9 was applied for the first time on 1 April 2018 and introduces new classifications for financial instruments. Cash and cash equivalents were classified as loans and receivables under IAS 39, and are now classified as financial assets held at amortised cost under IFRS 9. This has not had an impact on the accounting for these instruments, or on their carrying amounts.
text: Cash and cash equivalents include restricted cash of £44m (2017/18: £32m, 2016/17: £43m), of which £40m (2017/18: £29m, 2016/17: £41m) was held in countries where local capital or exchange controls currently prevent us from accessing cash balances. The remaining balance of £4m (2017/18: £3m, 2016/17: £2m) was held in escrow accounts, or in commercial arrangements akin to escrow.

Questions:
question: What was the cash at bank and in hand in 2019, 2018 and 2017?
answer: 495
446
469
scale: million
question: What was the balance held in escrow account in 2019?
answer: £4m
question: When was the IFRS 9 applied?
answer: 1 April 2018
question: What is the change in the Cash at bank and in hand from 2018 to 2019?
answer: 49
derivation: 495 - 446
scale: million
question: What is the average US deposits for 2017-2019?
answer: 20.33
derivation: (3 + 26 + 32) / 3
scale: million
question: For which year(s) are the Total cash and cash equivalents lower than 1,000 million?
answer: 2018
2017
derivation: locate total cash and cash equivalents in row 9 and analyse
scale: million
USDm
2019
2018
2017
Reconciliation to revenue
Revenue
692.6
635.4
657.0
Port expenses, bunkers and commissions
-267.7
-283.0
-259.9
Charter hire
-
-2.5
-8.5
Operating expenses
-173.0
-180.4
-188.4
Gross profit
251.9
169.5
200.2

text: ALTERNATIVE PERFORMANCE MEASURES
text: Gross profit:
text: TORM defines Gross profit, a performance measure, as revenue less port expenses, bunkers and commissions, charter hire and operating expenses. The Company reports Gross profit because we believe it provides additional meaningful information to investors, as Gross profit measures the net earnings from shipping activities. Gross profit is calculated as follows:

Questions:
question: How does TORM define gross profit?
answer: TORM defines Gross profit, a performance measure, as revenue less port expenses, bunkers and commissions, charter hire and operating expenses.
question: Why does the company reports gross profit?
answer: it provides additional meaningful information to investors, as Gross profit measures the net earnings from shipping activities
question: What are the components under Reconciliation to revenue when calculating the gross profit?
answer: Revenue
Port expenses, bunkers and commissions
Charter hire
Operating expenses
question: In which year was the amount of operating expenses the largest?
answer: 2017
derivation: |188.4|>|180.4|>|173.0|
question: What was the change in gross profit in 2019 from 2018?
answer: 82.4
derivation: 251.9-169.5
scale: million
question: What was the percentage change in gross profit in 2019 from 2018?
answer: 48.61
derivation: (251.9-169.5)/169.5
scale: percent
Year Ended December 31, 2019
Year Ended December 31, 2018
Year Ended December 31, 2017
$
$
$
Current
(25,563)
(17,458)
(11,997)
Deferred
81
(2,266)
(235)
Income tax expense
(25,482)
(19,724)
(12,232)

text: The components of the provision for income tax expense are as follows:
text: Included in the Company's current income tax expense are provisions for uncertain tax positions relating to freight taxes. The Company does not presently anticipate that its provisions for these uncertain tax positions will significantly increase in the next 12 months; however, this is dependent on the jurisdictions of the trading activity of its vessels.
text: The Company reviews its freight tax obligations on a regular basis and may update its assessment of its tax positions based on available information at the time. Such information may include legal advice as to the applicability of freight taxes in relevant jurisdictions. Freight tax regulations are subject to change and interpretation; therefore, the amounts recorded by the Company may change accordingly. The tax years 2008 through 2019 remain open to examination by some of the major jurisdictions in which the Company is subject to tax.
text: (all tabular amounts stated in thousands of U.S. dollars, other than share data and unless otherwise indicated)

Questions:
question: What is included in current income tax expense?
answer: provisions for uncertain tax positions relating to freight taxes.
question: What will determine the tax positions in the next 12 months?
answer: dependent on the jurisdictions of the trading activity of its vessels.
question: Which tax years are open to examination by jurisdictions?
answer: The tax years 2008 through 2019 remain open to examination
question: What is the change in Current income tax expense from December 31, 2019 to December 31, 2018?
answer: 8105
derivation: 25,563-17,458
scale: thousand
question: Which year has higher current income tax expense?
answer: 2019
derivation: (25,563)>(17,458)>(11,997)
question: What is the change in Income tax expense from December 31, 2019 to December 31, 2018?
answer: 5758
derivation: 25,482-19,724
scale: thousand
Fiscal Years
2019
2018
2017
Cost of revenue
$78
$129
$121
Research and development
2,242
760
614
Selling, general and administrative
824
1,012
706
Total costs and expenses
$3,144
$1,901
$1,441

text: Stock-based compensation expense is recognized in the Company’s consolidated statements of operations and includes compensation expense for the stock-based compensation awards granted or modified subsequent to January 1, 2006, based on the grant date fair value estimated in accordance with the provisions of the amended authoritative guidance. The impact on the Company’s results of operations of recording stock-based compensation expense for fiscal years 2019, 2018, and 2017 was as follows (in thousands):
text: No stock-based compensation was capitalized or included in inventories at the end of 2019, 2018 and 2017.

Questions:
question: What are the respective values of the stock-based compensation for the cost of revenue in 2018 and 2019?
answer: $129
$78
scale: thousand
question: What are the respective values of the stock-based compensation for research and development in 2018 and 2019?
answer: 760
2,242
scale: thousand
question: What are the respective values of the stock-based compensation for selling, general and administrative in 2018 and 2019?
answer: 1,012
824
scale: thousand
question: What is the total stock-based compensation for the cost of revenue in 2018 and 2019?
answer: 207
derivation: ($129 + $78) 
scale: thousand
question: What is the average stock-based compensation for research and development in 2018 and 2019?
answer: 1501
derivation: (760 +  2,242)/2 
scale: thousand
question: What is the value of the 2018 stock-based compensation for selling, general and administrative as a percentage of the 2019 stock-based compensation for selling, general and administrative?
answer: 122.82
derivation: 1,012/ 824 
scale: percent
Title
Identity of Person
No. of Shares
Percent of Class(1)
Common
Hansson family(2)
4,380,659
2.98%
Jim Kelly
* 
Richard Vietor
* 
David Workman
* 
Bjørn Giæver
* 

text: ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
text: A. Major Shareholders
text: The following table sets forth information regarding beneficial ownership of our common shares for (i) owners of more than five percent of our common shares and (ii) our directors and officers, of which we are aware of the date of this annual report.
text: (1) Based on 147,230,634 common shares outstanding as of the date of this annual report.
text: (2) The holdings of High Seas AS, which are for the economic interest of members of the Hansson family, as well as the personal holdings of our Chief Executive Officer and Chairman, Mr. Herbjorn Hansson, and our director, Alexander Hansson, are included in the amount reported herein.
text: * Less than 1% of our common outstanding shares.
text: As of April 14, 2020, we had 575 holders of record in the United States, including Cede & Co., which is the Depositary Trust Company’s nominee for holding shares on behalf of brokerage firms, as a single holder of record. We had a total of 147,230,634 Common Shares outstanding as of the date of this annual report.

Questions:
question: How many common shares were outstanding as of the date of this annual report?
answer: 147,230,634
question: How many shares are owned by the Hansson family?
answer: 4,380,659
question: What is the percentage of shares owned by the Hanssen family?
answer: 2.98%
question: What is the total number of shares owned by the Hanssen family and Richard Vietor?
answer: 4380659
derivation: (4,380,659 + 0) 
question: What is the average number of shares owned by the Hanssen family and Jim Kelly?
answer: 2190329.5
derivation: (4,380,659 + 0)/2 
question: What is the total number of shares owned by David Workman and Bjørn Giæver?
answer: 0
derivation: 0 + 0
2019
2018
(U.S. $ in thousands)
Audit fees (1)
$2,980
$3,469
Audit-related fees (2)
648
447
Tax fees (3)
220
238
Other fees (4)
8
3
Total
$3,856
$4,157

text: Item 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
text: Aggregate audit fees, audit-related fees, tax fees and the aggregate of all other fees billed to us by Ernst & Young LLP for the fiscal years ended June 30, 2019 and 2018 were as follows:
text: (1) Audit Fees consist of fees incurred for professional services rendered for the integrated audit of our annual consolidated financial statements, review of the quarterly consolidated financial statements and foreign statutory audits and services that are normally provided by Ernst & Young LLP in connection with statutory and regulatory filings or engagements. Audit fees also include accounting consultations, research related to the integrated audit and comfort letter services in relation to our exchangeable senior notes.
text: (2) Audit-Related Fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s consolidated financial statements and are not reported under “Audit Fees.” This primarily consists of fees for service organization control audits and due diligence on acquisitions.
text: (3) Tax fees relate to assistance with tax compliance, tax planning and various tax advisory services.
text: (4) Other fees are any additional amounts for products and services provided by the principal accountants.
text: Our audit committee has adopted a pre-approval policy for the engagement of our independent accountant to perform certain audit and non-audit services. Pursuant to this policy, which is designed to assure that such engagements do not impair the independence of our auditors, the audit committee pre-approves annually all audit services, audit related services, tax services and other services as described above, that may be performed by our independent accountants. All of the audit and non-audit services provided by our principal accountants have been pre-approved by our Audit Committee.

Questions:
question: What is the definition of other fees?
answer: Any additional amounts for products and services provided by the principal accountants.
question: What does tax fees refer to?
answer: Assistance with tax compliance, tax planning and various tax advisory services.
question: What is the total fees for fiscal year ended June 30, 2019?
answer: $3,856
scale: thousand
question: What is the change in total fees between fiscal years 2018 and 2019?
answer: -301
derivation: 3,856-4,157
scale: thousand
question: What is the average tax fees for fiscal years 2018 and 2019?
answer: 229
derivation: (220+238)/2
scale: thousand
question: For fiscal year ended June 30, 2018, what is the percentage constitution of audit fees among the total fees?
answer: 83.45
derivation: 3,469/4,157
scale: percent
Years Ended October 31,
2019
2018
2017
(In thousands) 
Income taxes at statutory rate
$13,408
$ 7,132
$148,585
Discrete benefit resulting from TCJA 
—
(37,505)
—
State income taxes
1,189
1,014
9,038
State income tax credits 
(2,139)
(804)
(606)
Expiration of state income tax credits 
4,121
4,117
642
Federal income tax credits 
(474)
(460)
(390)
Federal manufacturers deduction 
—
—
(11,527)
Excess tax benefits 
(1,388)
(1,638)
(3,345)
Nondeductible expenses
1,786
1,890
3,506
Change in valuation allowance 
(5,380)
(5,297)
(1,106)
Other 
(570)
677
(12)
Income tax expense (benefit) 
$10,553
$(30,874)
$144,785

text: At the end of each reporting period, the Company evaluates all available information at that time to determine if it is more likely than not that some or all of these credits will be utilized. As of October 31, 2019, 2018, and 2017, the Company determined that a total of $1.8 million, $0.7 million, and $0.6 million, respectively, would be recovered. Accordingly, those amounts were released from the valuation allowance and benefited deferred tax expense in the respective periods.
text: The differences between the consolidated effective income tax rate and the federal statutory rate effective during the applicable year presented are as follows:

Questions:
question: What is the Income taxes at statutory rate for fiscal years 2019 and 2018 respectively?
answer: $13,408
$ 7,132
scale: thousand
question: What is the State income taxes for fiscal years 2019 and 2018 respectively?
answer: 1,189
1,014
scale: thousand
question: How much credits would be recovered for 2019, 2018 and 2017 respectively?
answer: $1.8 million, $0.7 million, and $0.6 million
question: What is the average Income taxes at statutory rate for fiscal years 2019 and 2018?
answer: 10270
derivation: (13,408+ 7,132)/2
scale: thousand
question: What is the average state income taxes for fiscal years 2019 and 2018?
answer: 1101.5
derivation: (1,189+1,014)/2
scale: thousand
question: What is the change in Income taxes at statutory rate between fiscal years 2019 and 2018?
answer: 6276
derivation: 13,408-7,132
scale: thousand
Years Ended December 31,
(in thousands, except per share amounts)
2019
2018
2017
Amount paid to repurchase shares
$  —
$95,125
$29,993
Number of shares repurchased
—
1,696
422
Average repurchase price per share
$  —
$56.07
$71.07

text: Share Repurchase
text: In September 2015, our Board of Directors authorized a program to repurchase up to $150.0 million of our common stock over a thirty-month period. In November 2017, our Board of Directors approved an extension of the share repurchase program to December 2019 from its original maturity of March 2018. In May 2018, our Board of Directors approved a $50 million increase in its authorization to repurchase shares of our common stock under this same program.
text: On December 18, 2019, the Board of Directors authorized to remove the expiration date to the Company’s share repurchase program and increase the authorized amount by $25.1 million. As of December 31, 2019, the Company is authorized to repurchase shares of the Company’s common stock of up to a total of $50.0 million.
text: ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
text: In order to execute the repurchase of shares of our common stock, the Company periodically enters into stock repurchase agreements. During the years ended December 31, 2019, 2018 and 2017 the Company has repurchased the following shares of common stock:

Questions:
question: What are the years included in the table?
answer: 2019
2018
2017
question: What was the number of shares repurchased in 2017?
answer: 422
scale: thousand
question: What was the average repurchase price per share in 2018?
answer: $56.07
question: What was the change in Amount paid to repurchase shares between 2017 and 2018?
answer: 65132
derivation: $95,125-$29,993
scale: thousand
question: What was the change in number of shares repurchased between 2017 and 2018?
answer: 1274
derivation: 1,696-422
scale: thousand
question: What was the percentage change in the average repurchase price per share between 2017 and 2018?
answer: -21.11
derivation: ($56.07-$71.07)/$71.07
scale: percent
Years Ended December 31,
2019
2018
2017
Customer A (a distribution channel partner)
*
14%
*
Customer B (a distribution channel partner)
12%
10%
*
Customer C (a distribution channel partner)
14%
*
*

text: Concentration of Credit Risk and Significant Customers
text: Financial instruments that potentially subject us to concentrations of credit risk consist of cash, cash equivalents, marketable securities and accounts receivable. Our cash, cash equivalents and marketable securities are held and invested in high-credit quality financial instruments by recognized financial institutions and are subject to minimum credit risk.
text: Our accounts receivable are unsecured and represent amounts due to us based on contractual obligations of our customers. We mitigate credit risk in respect to accounts receivable by performing periodic credit evaluations based on a number of factors, including past transaction experience, evaluation of credit history and review of the invoicing terms of the contract. We generally do not require our customers to provide collateral to support accounts receivable.
text: Significant customers, including distribution channel partners and direct customers, are those which represent 10% or more of our total revenue for each period presented or our gross accounts receivable balance as of each respective balance sheet date. Revenues from our significant customers as a percentage of our total revenue are as follows
text: *represents less than 10% of total revenue
text: As of December 31, 2019, two customers accounted for 17% and 12% of our total gross accounts receivable.
As of December 31, 2018, two customers accounted for 16% and 12% of our total gross accounts receivable

Questions:
question: What is the proportion of revenue derived from significant customers in 2019?
answer: 26
derivation: 12% + 14% 
scale: percent
question: What are some examples of financial instruments that can subject the company to credit risk?
answer: cash, cash equivalents, marketable securities and accounts receivable
question: How does the company mitigate its credit risk pertaining to accounts receivable?
answer: performing periodic credit evaluations based on a number of factors, including past transaction experience, evaluation of credit history and review of the invoicing terms of the contract
question: What is the total proportion from Customer B and C of the company's gross accounts receivable  in 2019?
answer: 29
derivation: 17+12
scale: percent
question: How does the company determine its significant customers?
answer: Significant customers, including distribution channel partners and direct customers, are those which represent 10% or more of our total revenue for each period presented or our gross accounts receivable balance as of each respective balance sheet date.
question: What is the company's total revenue earned from Customer A and B between 2018 and 2019?
answer: 36
derivation: 14 + 12+10
scale: percent