next-tat/TAT-QA huggingface dataset:
Fiscal Years Ended March 31,
2019
2018
2017
Net income (GAAP) (1)
$206,587
$254,127
$47,157
Non-GAAP adjustments:
Equity (income) loss from equity method investments
3,304
(76,192)
(41,643)
Acquisition (gain) loss
—
(130,880)
—
Change in value of TOKIN options
—
—
(10,700)
(Gain) loss on write down and disposal of long-lived assets
1,660
(992)
10,671
Restructuring charges (2)
8,779
14,843
5,404
R&D grant reimbursements and grant income
(4,559)
—
—
ERP integration costs/IT transition costs
8,813
80
7,045
Stock-based compensation
12,866
7,657
4,720
Legal expenses/fines related to antitrust class actions
11,896
16,636
2,640
Net foreign exchange (gain) loss
(7,230)
13,145
(3,758)
TOKIN investment-related expenses
—
—
1,101
Plant start-up costs (2)
(927)
929
427
Amortization included in interest expense
1,872
2,467
761
Income tax effect of non-GAAP adjustments
(50,012)
(30)
(741)
Loss on early extinguishment of debt
15,946
486
—
Adjusted net income (non-GAAP) (1)
$208,995
$102,276
$23,084

text: The following table provides a reconciliation from U.S. GAAP Net income to non-GAAP Adjusted net income (amounts in thousands):
text: (1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
text: (2) $0.9 million in costs incurred during fiscal year 2018 related to the relocation of the Company's tantalum powder facility equipment from Carson City, Nevada to its existing Matamoros, Mexico plant were reclassified from “Plant start-up costs” to “Restructuring charges” during fiscal year 2019.

Questions:
question: What was the net income (GAAP) in 2019?
answer: 206,587
scale: thousand
question: What was the Acquisition (gain) loss in 2018?
answer: (130,880)
scale: thousand
question: What were the restructuring charges in 2017?
answer: 5,404
scale: thousand
question: How many years did restructuring charges exceed $10,000 thousand?
answer: 1
derivation: 2018
question: What was the change in the Legal expenses/fines related to antitrust class actions between 2017 and 2018?
answer: 13996
derivation: 16,636-2,640
scale: thousand
question: What was the percentage change in the Amortization included in interest expense between 2017 and 2019?
answer: 145.99
derivation: (1,872-761)/761
scale: percent
Post-Retirement Plans
Years Ended December 31,
2019
2018
2017
(Dollars in milions)
Service cost
$15
18
18
Interest cost
110
97
100
Expected return on plan assets
(1)
(1)
(2)
Recognition of prior service cost
16
20
20
Net periodic post-retirement benefit expense
$140
134
136

text: Net periodic benefit expense for our post-retirement benefit plans includes the following components:
text: We report service costs for our Combined Pension Plan and post-retirement benefit plans in cost of services and products and selling, general and administrative expenses in our consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017. Additionally, a portion of the service cost is also allocated to certain assets under construction, which are capitalized and reflected as part of property, plant and equipment in our consolidated balance sheets. The remaining components of net periodic benefit expense (income) are reported in other income, net in our consolidated statements of operations. As a result of ongoing efforts to reduce our workforce, we recognized a one-time charge in 2019 of $6 million and in 2018 of $15 million for special termination benefit enhancements paid to certain eligible employees upon voluntary retirement.

Questions:
question: What was recognized as a result of ongoing efforts to reduce the company's workforce?
answer: a one-time charge in 2019 of $6 million and in 2018 of $15 million for special termination benefit enhancements paid to certain eligible employees upon voluntary retirement
question: Where are the remaining components of net periodic benefit expense (income) reported?
answer: in other income, net in our consolidated statements of operations
question: Which are the components included in the net periodic benefit expense for the post-retirement benefit plans?
answer: service cost
interest cost
expected return on plan assets
recognition of prior service cost
net periodic post-retirement benefit expense
question: How many components are included in the net periodic benefit expense reported for the post-retirement benefit plans?
answer: 5
derivation: service cost##interest cost##expected return on plan assets##recognition of prior service cost##net periodic post-retirement benefit expense
question: What is the sum of service costs in 2017, 2018 and 2019?
answer: 51
derivation: 15+18+18
scale: million
question: What is the average amount of service costs across 2017, 2018 and 2019?
answer: 17
derivation: (15+18+18)/3
scale: million
Preliminary
Measurement
Allocation
Period
Final Allocation
(In millions)
As of August 1, 2018
Adjustments
As of September 30, 2019
Total consideration transferred
$ 70.8
$ 3.3
$ 74.1
Assets:
Cash and cash equivalents
2.9
0.4
3.3
Trade receivables, net
30.8
—
30.8
Inventories, net
7.1
—
7.1
Prepaid expenses and other current assets
0.7
—
0.7
Property and equipment, net
3.5
(0.4)
3.1
Identifiable intangible assets, net
18.6
0.7
19.3
Goodwill
21.6
1.0
22.6
Other non-current assets
0.7
(0.4)
0.3
Total assets
$ 85.9
$ 1.3
$ 87.2
Liabilities:
Current portion of long-term debt
—
0.1
0.1
Accounts payable
13.8
(2.2)
11.6
Other current liabilities
1.3
(0.1)
1.2
Long-term debt, less current portion
—
0.2
0.2
Total liabilities
$ 15.1
$ (2.0)
$ 13.1

text: Acquisition of AFP
text: On August 1, 2018, the Company acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging solutions, to join its Product Care division. This acquisition expands our protective packaging offerings in the electronic, transportation and industrial markets with custom engineered applications. We acquired 100% of AFP shares for an estimated consideration of $74.1 million, excluding $3.3 million of cash acquired.
text: The following table summarizes the consideration transferred to acquire AFP and the final allocation of the purchase price among the assets acquired and liabilities assumed.

Questions:
question: What company was acquired in 2018?
answer: AFP, Inc.
question: What does this table show?
answer: The following table summarizes the consideration transferred to acquire AFP and the final allocation of the purchase price among the assets acquired and liabilities assumed.
question: What is the adjustment in assets between August 1, 2018 and September 30, 2019?
answer: $ 3.3
scale: million
question: What is the liability to asset ratio as of August 1, 2018?
answer: 17.58
derivation: 15.1/85.9
scale: percent
question: What is the difference between the liability to asset ratio from As of August 1, 2018 to As of September 30, 2019?
answer: 2.56
derivation: (15.1/85.9)-(13.1/87.2)
scale: percent
question: What is the adjustment of total liabilities expressed as a percentage of total liabilities as of August 1, 2018?
answer: -13.25
derivation: -2.0/15.1
scale: percent
Quarter Ended
December 31,
September 30,
June 30,
March 31,
2018
2018
2018
2018
Sales, net
$154,161
$173,082
$196,032
$195,617
Gross Profit
$  75,188
$  85,539
$ 101,235
$ 103,645
Restructuring Expense
$  3,836
$  403
$ —
$ —
Operating income
$  19,570
$  39,862
$ 56,018
$ 56,103
Income from continuing operations, net of income taxes
$  19,222
$  35,157
$ 46,400
$ 46,370
Loss (income) from discontinued operations, net of income taxes
$  188
$  (371)
$ 5
$ 140
Net Income
$19,410
$34,786
$46,405
$46,510
Income from continuing operations attributable to noncontrolling interest
$  4
$  7
$ 44
$ 31
Net income attributable to Advanced Energy Industries, Inc.
$  19,406
$34,779
$46,361
$ 46,479
Earnings (Loss) Per Share:
Continuing Operations:
Basic earnings per share
$0.50
$0.90
$1.18
$1.17
Diluted earnings per share
$0.50
$0.90
$1.17
$1.16
Discontinued Operations:
Basic loss per share
$  —
$  (0.01)
$ —
$ —
Diluted loss per share
$  —
$  (0.01)
$ —
$ —
Net Income:
Basic earnings per share
$ 0.51
$  0.89
$ 1.18
$1.17
Diluted earnings per share
$0.50
$0.89
$1.17
$1.16

text: ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
text: NOTE 23. SUPPLEMENTAL QUARTERLY FINANCIAL DATA (UNAUDITED)
text: The following tables present unaudited quarterly results for each of the eight quarters in the periods ended December 31, 2019 and 2018, in thousands. We believe that all necessary adjustments have been included in the amounts stated below to present fairly such quarterly information. Due to the volatility of the industries in which our customers operate, the operating results for any quarter are not necessarily indicative of results for any subsequent period.

Questions:
question: What was the basic earnings per share of Continuing Operations  in  Quarter Ended  December?
answer: $0.50
question: What was the diluted earnings per share of Continuing Operations in Quarter Ended  September?
answer: $0.90
question: What was the net income basic earnings per share in Quarter Ended  March?
answer: $1.17
question: What was the change in net income between Quarter Ended  September and December?
answer: -15376
derivation: $19,410-$34,786
scale: thousand
question: What was the change in Net income attributable to Advanced Energy Industries, Inc. between Quarter Ended  June and September?
answer: -11582
derivation: $34,779-$46,361
scale: thousand
question: What was the percentage change in net sales between Quarter Ended  June and September?
answer: -11.71
derivation: ($173,082-$196,032)/$196,032
scale: percent
At 30 Mar 2019
At 31 Mar 2018
Premier schemes
RHM schemes
Premier schemes
RHM schemes
Discount rate
2.45%
2.45%
2.70%
2.70%
Inflation – RPI
3.25%
3.25%
3.15%
3.15%
Inflation – CPI
2.15%
2.15%
2.05%
2.05%
Expected salary increases
n/a
n/a
n/a
n/a
Future pension increases
2.10%
2.10%
2.10%
2.10%

text: At the balance sheet date, the combined principal accounting assumptions were as follows:
text: For the smaller overseas schemes the discount rate used was 1.50% (2017/18: 1.80%) and future pension increases were 1.30% (2017/18: 1.45%).
text: At 30 March 2019 and 31 March 2018, the discount rate was derived based on a bond yield curve expanded to also include bonds rated AA by one credit agency (and which might for example be rated A or AAA by other agencies).

Questions:
question: What was the discount rate used for smaller overseas schemes in 2018/19?
answer: 1.50%
question: What was the discount rate at 30 March 2019 based on?
answer: a bond yield curve expanded to also include bonds rated AA by one credit agency (and which might for example be rated A or AAA by other agencies).
question: What was the discount rate at 30 March 2019 for premier schemes?
answer: 2.45
scale: percent
question: What is the change in the premier schemes discount rate from 2018 to 2019?
answer: -0.25
derivation: 2.45% - 2.70%
scale: percent
question: What is the average inflation RPI for premier schemes?
answer: 3.2
derivation: (3.25% + 3.15%) / 2
scale: percent
question: What is the change in the inflation - CPI for RHm schemes from 2018 to 2019?
answer: 0.1
derivation: 2.15% - 2.05%
scale: percent
Year Ended
April 26, 2019
April 27, 2018
April 28, 2017
Product revenues
$ 3,755
$  3,525
$  3,060
Strategic
2,709
2,468
2,000
Mature
1,046
1,057
1,060
Software maintenance revenues
946
902
905
Hardware maintenance and other services revenues
1,445
1,492
1,526
Hardware maintenance support contracts
1,182
1,214
1,258
Professional and other services
263
278
268
Net revenues
$ 6,146
$  5,919
$  5,491

text: Disaggregation of revenue
text: To provide visibility into our transition from older products to our newer, higher growth products and clarity into the dynamics of our product revenue, we have historically grouped our products by “Strategic” and “Mature” solutions. Strategic solutions include Clustered ONTAP, branded E-Series, SolidFire, converged and hyper-converged infrastructure, ELAs and other optional add-on software products. Mature solutions include 7-mode ONTAP, add-on hardware and related operating system (OS) software and original equipment manufacturers (OEM) products. Both our Mature and Strategic product lines include a mix of disk, hybrid and all flash storage media. Additionally, we provide a variety of services including software maintenance, hardware maintenance and other services including professional services, global support solutions, and customer education and training.
text: The following table depicts the disaggregation of revenue by our products and services (in millions):
text: Revenues by geographic region are presented in Note 16 – Segment, Geographic, and Significant Customer Information

Questions:
question: Which years does the table provide information for the disaggregation of revenue by the company's products and services for?
answer: 2019
2018
2017
question: What does both the company's Mature and Strategic product lines include?
answer: a mix of disk, hybrid and all flash storage media.
question: What were the product revenues in 2019?
answer: 3,755
scale: million
question: What was the change in the company's product revenue between 2017 and 2018?
answer: 465
derivation: 3,525-3,060
scale: million
question: How many years did revenue from mature product lines exceed $1,000 million?
answer: 3
derivation: 2019##2018##2017
question: What was the percentage change in net revenues between 2018 and 2019?
answer: 3.84
derivation: (6,146-5,919)/5,919
scale: percent
€ million
2017/2018
2018/2019
EBT (earnings before taxes)
576
709
Expected income tax expenses (30.53%)
176
216
Effects of differing national tax rates
−58
−62
Tax expenses and income relating to other periods
−21
−6
Non-deductible business expenses for tax purposes
41
51
Effects of not recognised or impaired deferred taxes
79
114
Additions and reductions for local taxes
11
13
Tax holidays
−14
−39
Other deviations
3
5
Income tax expenses according to the income statement
216
298
Group tax rate
37.6%
42.0%

text: Applying the German group tax rate to the reported pre-tax result would result in an income tax expense of €216 million (2017/18: €176 million). The deviation of €81 million (2017/18: €40 million) from the reported tax expense of €298 million (2017/18: €216 million) can be reconciled as follows:
text: 1 Adjustment of previous year according to explanation in notes.
text: The item ‘effects of differing national tax rates’ includes a deferred tax revenue of €6 million (2017/18: €23 million) from tax rate changes.
text: Tax expenses and income relating to other periods of the previous year include a repayment of approximately €20 million because of a retrospective change in foreign law in 2018.
text: Tax holidays for the current year include effects from real estate transactions in the amount of €30 million (2017/18: €2 million).

Questions:
question: What does the item ‘effects of differing national tax rates’ include?
answer: a deferred tax revenue of €6 million (2017/18: €23 million) from tax rate changes.
question: What would the income tax expense in FY2019 be if the German group tax rate was applied to the reported pre-tax result?
answer: €216 million
question: In which years were the Group tax rate provided in the table?
answer: 2017/2018
2018/2019
question: In which year was the Group tax rate larger?
answer: 2018/2019
derivation: 42.0%>37.6%
question: What was the change in EBT in 2018/2019 from 2017/2018?
answer: 133
derivation: 709-576
scale: million
question: What was the percentage change in EBT in 2018/2019 from 2017/2018?
answer: 23.09
derivation: (709-576)/576
scale: percent
Years Ended December 31,
2019
2018
Sales
$  —
$  —
Cost of sales
(901)
(88)
Total operating expense
1,022
96
Operating income (loss) from discontinued operations
(121)
(8)
Other income (expense)
10,895
(24)
Income (loss) from discontinued operations before income taxes
10,774
(32)
Provision (benefit) for income taxes
2,294
6
Income (loss) from discontinued operations, net of income taxes
$ 8,480
$  (38)

text: Discontinued Operations
text: In December 2015, we completed the wind down of engineering, manufacturing and sales of our solar inverter product line (the "inverter business"). Accordingly, the results of our inverter business have been reflected as “Income (loss) from discontinued operations, net of income taxes” on our Consolidated Statements of Operations for all periods presented herein.
text: The effect of our sales of the remaining extended inverter warranties to our customers continues to be reflected in deferred revenue in our Consolidated Balance Sheets. Deferred revenue for extended inverter warranties and the associated costs of warranty service will be reflected in Sales and Cost of goods sold, respectively, from continuing operations in future periods in our Consolidated Statement of Operations, as the deferred revenue is earned and the associated services are rendered. Extended warranties related to the inverter product line are no longer offered.
text: In May 2019, we divested our grid-tied central solar inverter repair and service operation. In conjunction with the divesture, the initial product warranty for the previously sold grid-tied central solar inverters was transferred to the buyer. Accordingly, a gain of $8.6 million net of tax expense of $2.4 million was recognized in Other income (expense) and Provision (benefit) for income taxes, respectively, in our discontinued operations for the year December 31, 2019. Operating income from discontinued operations for the year ended December 31, 2019 and 2018, also includes the impacts of changes in our estimated product warranty liability, the recovery of accounts receivable and foreign exchange gain or (losses).
text: Income (loss) from discontinued operations, net of income taxes (in thousands):

Questions:
question: What will the results of the company's inverter business reflect as in their Consolidated Statements of Operations?
answer: Income (loss) from discontinued operations, net of income taxes
question: What was the total Income (loss) from discontinued operations, net of income taxes in 2019?
answer: 8,480
scale: thousand
question: What was the total operating expense in 2018?
answer: 96
scale: thousand
question: What was the change in total operating expense between 2018 and 2019?
answer: 926
derivation: 1,022-96
scale: thousand
question: What was the change in Provision (benefit) for income taxes between 2018 and 2019?
answer: 2288
derivation: 2,294-6
scale: thousand
question: What was the percentage change in total operating expense between 2018 and 2019?
answer: 964.58
derivation: (1,022-96)/96
scale: percent
Years ended December 31
Years ended December 31
Years ended December 31
(In millions of dollars)
Note
2019
2018
Interest on borrowings 1
746
709
Interest on post-employment benefits liability
23
11
14
Loss on repayment of long-term debt
21
19
28
(Gain) loss on foreign exchange
(79)
136
Change in fair value of derivative instruments
80
(95)
Capitalized interest
(19)
(20)
Other
21
21
Finance costs before interest on lease liabilities
779
793
Interest expense on lease liabilities
8
61
-
Total finance costs
840
793

text: 1 Interest on borrowings includes interest on short-term borrowings and on long-term debt.
text: FOREIGN EXCHANGE AND CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS We recognized $79 million in net foreign exchange gains in 2019 (2018 – $136 million in net losses). These gains and losses were primarily attributed to our US dollar-denominated commercial paper (US CP) program borrowings (see note 17).
text: These foreign exchange gains (2018 – losses) were partially offset by the $80 million loss related to the change in fair value of derivatives (2018 – $95 million gain) that was primarily attributed to the debt derivatives, which were not designated as hedges for accounting purposes, we used to substantially offset the foreign exchange risk related to these US dollar-denominated borrowings.
text: During the year ended December 31, 2018, after determining we would not be able to exercise our outstanding bond forward derivatives (bond forwards) within the designated time frame, we discontinued hedge accounting and reclassified a $21 million loss from the hedging reserve within shareholders’ equity to “change in fair value of derivative instruments” within finance costs.
text: We subsequently extended the bond forwards and redesignated them as effective hedges. During the year ended December 31, 2019, we exercised these bond forwards. See note 17 for more information on our bond forwards.
text: NOTE 11: FINANCE COSTS

Questions:
question: What is included in the Interest on borrowings?
answer: Interest on borrowings includes interest on short-term borrowings and on long-term debt.
question: What is attributed as change in fair value of derivatives?
answer: primarily attributed to the debt derivatives, which were not designated as hedges for accounting purposes, we used to substantially offset the foreign exchange risk related to these US dollar-denominated borrowings.
question: How much was the net foreign exchange gains in 2019?
answer: $79 million in net foreign exchange gains in 2019
question: What is the increase/ (decrease) in Interest on borrowings from 2018 to 2019?
answer: 37
derivation: 746-709
scale: million
question: What is the increase/ (decrease) in Interest on post-employment benefits liability from 2018 to 2019?
answer: -3
derivation: 11-14
scale: million
question: What is the increase/ (decrease) in Loss on repayment of long-term debt from 2018 to 2019?
answer: -9
derivation: 19-28
scale: million
December 31, 2019
December 31, 2018
Amounts billed, net
$227,528
$80,709
Unbilled receivables
19,036
19,733
Total receivables, net
$246,564
$100,442

text: ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
text: NOTE 9. ACCOUNTS AND OTHER RECEIVABLE
text: Accounts and other receivable are recorded at net realizable value. Components of accounts and other receivable, net of reserves, are as follows:
text: Amounts billed, net consist of amounts that have been invoiced to our customers in accordance with terms and conditions, and are shown net of an allowance for doubtful accounts. These receivables are all short term in nature and do not include any financing components.
text: Unbilled receivables consist of amounts where we have satisfied our contractual obligations related to inventory stocking contracts with customers. Such amounts are typically invoiced to the customer upon their consumption of the inventory managed under the stocking contracts. We anticipate that substantially all unbilled receivables will be invoiced and collected over the next twelve months. These contracts do not include any financing components.

Questions:
question: How were Accounts and other receivable recorded by the company?
answer: at net realizable value.
question: What was the amount of unbilled receivables in 2019?
answer: 19,036
scale: thousand
question: What were the net amounts billed in 2018?
answer: $80,709
scale: thousand
question: What was the change in unbilled receivables between 2018 and 2019?
answer: -697
derivation: 19,036-19,733
scale: thousand
question: What was the change in net amounts billed between 2018 and 2019?
answer: 146819
derivation: $227,528-$80,709
scale: thousand
question: What was the percentage change in net total receivables between 2018 and 2019?
answer: 145.48
derivation: ($246,564-$100,442)/$100,442
scale: percent