next-tat/TAT-QA huggingface dataset:
30 June 2019
30 June 2018
Note
$'000
$'000
CURRENT
Prepayments
2,631
3,827
Capitalised transaction costs
1,496
-
Security deposits
6(a)
8,822
4,151
Customer incentives
6(b)
625
764
Other current assets
412
412
Contract costs 6(c)
6(c)
446
-
Total other assets - current
14,432
9,154

text: 6 Other assets (continued)
text: (a) Security deposits
text: Included in the security deposits was $8.8 million (2018: $4.2 million) relating to deposits held as security for bank guarantees.
text: (b) Customer incentives
text: Where customers are offered incentives in the form of free or discounted periods, the dollar value of the incentive is capitalised and amortised on a straight-line basis over the expected life of the contract.
text: (c) Contract Costs
text: From 1 July 2018, eligible costs that are expected to be recovered will be capitalised as a contract cost and amortised over the expected customer life.

Questions:
question: How much was the security deposits in 2019?
answer: 8,822
scale: thousand
question: How was customer incentives amortised?
answer: on a straight-line basis over the expected life of the contract
question: How was contract costs amortised?
answer: over the expected customer life
question: What was the percentage change in prepayments between 2018 and 2019?
answer: -31.25
derivation: (2,631 - 3,827) / 3,827 
scale: percent
question: What was the percentage change in security deposits between 2018 and 2019?
answer: 112.53
derivation: (8,822 - 4,151) / 4,151 
scale: percent
question: Which other assets (current) was the largest in 2018?
answer: Security deposits
derivation: 4,151 vs 3,827 vs 764 vs 412
(In millions)
March 29, 2019
March 30, 2018
Net investment hedges
Foreign exchange forward contracts sold
$116
$—
Balance sheet contracts
Foreign exchange forward contracts purchased
$963
$697
Foreign exchange forward contracts sold
$122
$151

text: The fair value of our foreign exchange forward contracts is presented on a gross basis in our Condensed Consolidated Balance Sheets. To mitigate losses in the event of nonperformance by counterparties, we have entered into master netting arrangements with our counterparties that allow us to settle payments on a net basis. The effect of netting on our derivative assets and liabilities was not material as of March 29, 2019 and March 30, 2018.
text: The notional amount of our outstanding foreign exchange forward contracts in U.S. dollar equivalent was as follows:

Questions:
question: What does the table show?
answer: notional amount of our outstanding foreign exchange forward contracts in U.S. dollar equivalent was as follows
question: How is the fair value of foreign exchange forward contracts presented?
answer: on a gross basis in our Condensed Consolidated Balance Sheets
question: What is the Foreign exchange forward contracts sold as of March 29, 2019?
answer: $116
scale: million
question: What is the total Foreign exchange forward contracts purchased for March 29, 2019 and March 30, 2018?
answer: 1660
derivation: 963+697
scale: million
question: What is the total Foreign exchange forward contracts sold for March 29, 2019 and March 30, 2018?
answer: 273
derivation: 122+151
scale: million
question: What is the change between Foreign exchange forward contracts purchased for March 29, 2019 and March 30, 2018?
answer: 266
derivation: 963-697
scale: million
FOR THE YEAR ENDED DECEMBER 31
2019
2018
Net earnings
3,253
2,973
Add back income taxes
1,133
995
Earnings before income taxes
4,386
3,968
Applicable statutory tax rate
27.0%
27.0%
Income taxes computed at applicable statutory rates
(1,184)
(1,071)
Non-taxable portion of gains (losses) on investments
4
(9)
Uncertain tax positions
15
68
Effect of change in provincial corporate tax rate
27
–
Change in estimate relating to prior periods
14
20
Non-taxable portion of equity losses
(20)
(10)
Previously unrecognized tax benefits
9
–
Other
2
7
Total income taxes
(1,133)
(995)
Average effective tax rate
25.8%
25.1%

text: 4.11 Income Taxes
text: The following table reconciles the amount of reported income taxes in the income statements with income taxes calculated at a statutory income tax rate of 27.0% for both 2019 and 2018.
text: Income taxes in 2019 increased by $138 million, compared to 2018, mainly due to higher taxable income and a lower value of uncertain tax positions favourably resolved in 2019 compared to 2018, partly offset by a favourable change in the corporate income tax rate in Alberta in Q2 2019.

Questions:
question: What was the statutory income tax rate used for both 2019 and 2018?
answer: 27.0%
question: What was the main factor that led to the increase in income taxes in 2019?
answer: higher taxable income and a lower value of uncertain tax positions favourably resolved in 2019 compared to 2018, partly offset by a favourable change in the corporate income tax rate in Alberta in Q2 2019
question: What are the net earnings for 2019?
answer: 3,253
question: What is the change in the applicable statutory tax rate from 2018 to 2019?
answer: 0
derivation: 27.0% - 27.0% 
scale: percent
question: What is the percentage change in the earnings before income taxes from 2018 to 2019?
answer: 10.53
derivation: (4,386-3,968)/3,968
scale: percent
question: What is the total amount of uncertain tax positions in 2018 and 2019?
answer: 83
derivation: 15+68
(In Thousands, Except Per Share Data)
YEAR ENDED JUNE 30,
Income Statement Data
2019
2018
2017
2016
2015
*Unadjusted
*Unadjusted
Revenue (1)
$1,552,691
$1,470,797
$1,388,290
$1,354,646
$1,256,190
Net Income
$271,885
$365,034
$229,561
$248,867
$211,221
Basic earnings per share
$3.52
$4.73
$2.95
$3.13
$2.60
Diluted earnings per share
$3.52
$4.70
$2.93
$3.12
$2.59
Dividends declared per share
$1.54
$1.36
$1.18
$1.06
$0.94
Balance Sheet Data
Total deferred revenue
$394,306
$369,915
$368,151
$521,054
$531,987
Total assets
$2,184,829
$2,033,058
$1,868,199
$1,815,512
$1,836,835
Long-term debt
$—
$—
$50,000
$—
$50,102
Stockholders’ equity
$1,429,013
$1,322,844
$1,099,693
$996,210
$991,534

text: SELECTED FINANCIAL DATA
text: The following data should be read in conjunction with the consolidated financial statements and accompanying notes included elsewhere in the Annual Report on Form 10-K. Fiscal 2018 and 2017 have been recast to reflect the Company’s retrospective adoption of Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, and related amendments, collectively referred to as Accounting Standards Codification (“ASC”) 606. Fiscal 2016 and 2015 were not recast. Net income for fiscal 2018 and 2019 has been impacted by the reduced U.S. corporate tax rate enacted by the Tax Cuts and Jobs Act (“TCJA”) of 2017, and fiscal 2018 net income contains the related adjustment for the re-measurement of deferred taxes. Acquisitions have affected revenue and net income in fiscal 2019 as well as the historical periods presented.
text: (1) Revenue includes license sales, support and service revenues, and hardware sales, less returns and allowances.

Questions:
question: Which financial years' information is shown in the table?
answer: 2015
2016
2017
2018
2019
question: What is the revenue for all 5 fiscal years, in chronological order?
answer: $1,256,190
$1,354,646
$1,388,290
$1,470,797
$1,552,691
scale: thousand
question: What is the net income for all 5 fiscal years, in chronological order?
answer: $211,221
$248,867
$229,561
$365,034
$271,885
scale: thousand
question: What is the average revenue for 2018 and 2019?
answer: 1511744
derivation: ($1,552,691+$1,470,797)/2
scale: thousand
question: What is the average revenue for 2017 and 2018?
answer: 1429543.5
derivation: ($1,470,797+$1,388,290)/2
scale: thousand
question: What is the change in the average revenue between 2017-2018 and 2018-2019?
answer: 82200.5
derivation: [($1,552,691+$1,470,797)/2] - [($1,470,797+$1,388,290)/2]
scale: thousand
(In millions, except earnings per share)
Year Ended June 30,
2019
2018
2017
Net income available for common shareholders (A)
$  39,240
$  16,571
$  25,489
Weighted average outstanding shares of common stock (B)
7,673
7,700
7,746
Dilutive effect of stock-based awards
80
94
86
Common stock and common stock equivalents (C)
7,753
7,794
7,832
Earnings Per Share
Basic (A/B)
$ 5.11
$ 2.15
$ 3.29
Diluted (A/C)
$ 5.06
$ 2.13
$ 3.25

text: NOTE 2 — EARNINGS PER SHARE
text: Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.
text: The components of basic and diluted EPS were as follows:
text: Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.

Questions:
question: How is basic earnings per share computed?
answer: Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period.
question: How is diluted earnings per share computed?
answer: Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method.
question: How much was the net income available for common shareholders in 2019?
answer: 39,240
scale: million
question: What was the average basic earnings per share over the 3 year period from 2017 to 2019?
answer: 3.52
derivation: (5.11+2.15+3.29)/3 
question: What was the % change in net income available for common shareholders from 2018 to 2019?
answer: 136.8
derivation: (39,240-16,571)/16,571
scale: percent
question: What was the % change in the common stock and stock equivalents from 2018 to 2019?
answer: -0.53
derivation: (7,753-7,794)/7,794
scale: percent
At December 31, 2019
Gross Carrying Amount
Unamortized Discount and Deferred Financing Costs
Net Carrying Amount
2021 Notes
$650
$(2)
$648
2022 Notes
400
(2)
398
2026 Notes
850
(7)
843
2027 Notes
400
(5)
395
2047 Notes
400
(9)
391
Total long-term debt
$2,700
$(25)
$2,675
At December 31, 2018
Gross Carrying Amount
Unamortized Discount and Deferred Financing Costs
Net Carrying Amount
2021 Notes
650
(3)
647
2022 Notes
400
(3)
397
2026 Notes
850
(8)
842
2027 Notes
400
(5)
395
2047 Notes
400
(10)
390
Total long-term debt
$2,700
$(29)
$2,671

text: Interest expense and financing costs
text: Fees and discounts associated with the issuance of our debt instruments are recorded as debt discount, which reduces their respective carrying values, and are amortized over their respective terms. Amortization expense is recorded within “Interest and other expense (income), net” in our consolidated statement of operations.
text: For the years ended December 31, 2019, 2018, and 2017: interest expense was $86 million, $134 million, and $150 million, respectively; amortization of the debt discount and deferred financing costs was $4 million, $6 million, and $12 million, respectively.
text: A summary of our outstanding debt is as follows (amounts in millions):
text: With the exception of the 2026 and the 2047 Notes, using Level 2 inputs (i.e., observable market prices in less-than-active markets) at December 31, 2019, the carrying values of the Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair value of the 2026 and the 2047 Notes were $893 million and $456 million, respectively.
text: Using Level 2 inputs at December 31, 2018, the carrying values of the 2021 Notes and the 2022 Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair values of the 2026 Notes, the 2027 Notes, and the 2047 Notes were $800 million, $376 million, and $360 million, respectively.

Questions:
question: What were fees and discounts associated with the issuance of the company's debt instruments recorded as?
answer: debt discount, which reduces their respective carrying values, and are amortized over their respective terms.
question: What was the interest expense for 2019?
answer: $86 million
question: What was the interest expense for 2018?
answer: $134 million
question: What was the change in the gross carrying amount between the 2021 and 2022 Notes in 2019?
answer: -250
derivation: 400-650
scale: million
question: What was the change in the net carrying amount between the 2026 and 2027 Notes in 2018?
answer: -447
derivation: 395-842
scale: million
question: What was the percentage change in the net carrying amount of total long-term debt between 2018 and 2019?
answer: 0.15
derivation: ($2,675-$2,671)/$2,671
scale: percent
Years ended August 31,
2019
2018
(In thousands of Canadian dollars)
$
$
Stock options
1,046
915
ISUs
61
1
PSUs
981
990
DSUs
631
—

text: Cogeco Communications is a subsidiary of Cogeco, which holds 31.8% of the Corporation's equity shares, representing 82.3% of the Corporation's voting shares.
text: Cogeco provides executive, administrative, financial and strategic planning services and additional services to the Corporation under a Management Services Agreement (the "Agreement"). On May 1, 2019, the Corporation and Cogeco agreed to amend the Agreement in order to replace the methodology used to establish the management fees payable by the Corporation to Cogeco, which was based on a percentage of the consolidated revenue of the Corporation, with a new methodology based on the costs incurred by Cogeco plus a reasonable mark-up. This cost-plus methodology was adopted to avoid future variations of the management fee percentage due to the frequent changes of the Corporation's consolidated revenue pursuant to business acquisitions and divestitures. Prior to this change, management fees represented 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018). Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.
text: Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.
text: The following table shows the amounts that the Corporation charged Cogeco with regards to the Corporation's stock options, ISUs and PSUs granted to these executive officers, as well as DSUs issued to Board directors of Cogeco:

Questions:
question: What is the ownership of Cogeco in Cogeco Communications in terms of voting shares?
answer: 82.3%
question: What was the management fee prior to the methodology change?
answer: 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018)
question: What was the management fee paid to Cogeco in 2019?
answer: $19.9 million
question: What is the increase / (decrease) in the stock options from 2018 to 2019?
answer: 131
derivation: 1,046 - 915
scale: thousand
question: What was the average ISUs from 2018 to 2019?
answer: 31
derivation: (61 + 1) / 2
scale: thousand
question: What was the average DSUs from 2018 to 2019?
answer: 315.5
derivation: (631 + 0) / 2
scale: thousand
Fiscal Year
2019
2018
Net revenues
100%
100%
Cost of revenues
22
21
Gross profit
78
79
Operating expenses:
Sales and marketing
32
33
Research and development
19
20
General and administrative
9
12
Amortization of intangible assets
4
5
Restructuring, transition and other costs
5
8
Total operating expenses
70
78
Operating income
8
1
Interest expense
(4)
(5)
Gain on divestiture
—
14
Other expense, net
(1)
—
Income from continuing operations before income taxes
2
9
Income tax expense (benefit)
2
(14)
Income from continuing operations
—
23
Income from discontinued operations, net of income taxes
—
—
Net income
1%
24%

text: Fiscal 2019 compared to fiscal 2018
text: The following table sets forth our Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated:
text: Note: The percentages may not add due to rounding.

Questions:
question: What does the table show?
answer: Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated
question: What are the fiscal year periods indicated in the table?
answer: Fiscal 2019
Fiscal 2018
question: What is the cost of revenue percentage for fiscal year 2019?
answer: 22
scale: percent
question: What is the change in cost of revenues relative to Net revenue from fiscal year 2018 to fiscal year 2019?
answer: 1
derivation: 22-21
scale: percent
question: What is the Sales and marketing costs expressed as a percentage of Total operating expenses in 2019?
answer: 45.71
derivation: 32/70
scale: percent
question: What is the change in Total operating expenses from fiscal year 2018 to fiscal year 2019?
answer: -8
derivation: 70-78
scale: percent
For the Year Ended December 31, 2018
As Reported
Without Adoption of ASC 606
Impact of Adoption of ASC 606
Revenue
$70,965
$68,845
$(2,120)
Cost of goods sold
58,701
57,471
(1,230)
Gross profit
12,264
11,374
(890)

text: 3. REVENUE FROM CONTRACTS WITH CUSTOMERS
text: Revenues and related costs on construction contracts are recognized as the performance obligations are satisfied over time in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue and associated profit, will be recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). The cost of uninstalled materials or equipment will generally be excluded from the Company’s recognition of profit, unless specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress.
text: The following tables summarize the impact of the adoption of ASC 606 on the Company’s condensed consolidated statement of operations for the year ended December 31, 2018 and the consolidated balance sheet as of December 31, 2018:

Questions:
question: What is the  Revenue as reported?
answer: $70,965
question: When will cost of uninstalled materials or equipment be included in the recognition of profit?
answer: specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress
question: What does the table show?
answer: the impact of the adoption of ASC 606 on the Company’s condensed consolidated statement of operations for the year ended December 31, 2018 and the consolidated balance sheet as of December 31, 2018
question: What is the percentage change in revenue after the adoption of ASC 606?
answer: 3.08
derivation: (70,965-68,845)/68,845
scale: percent
question: What is the percentage change in the costs of goods sold after the adoption of ASC 606?
answer: 2.14
derivation: (58,701-57,471)/57,471
scale: percent
question: What is the gross profit ratio for the year ended December 31, 2018?
answer: 0.17
derivation: 12,264/70,965
Years Ended June 30,
($ in millions)
2019
2018
2017
Domestic
$204.2
$140.3
$56.0
Foreign
11.8
19.9
14.2
Income before income taxes
$216.0
$160.2
$70.2

text: 17. Income Taxes
text: Income before income taxes for the Company’s domestic and foreign operations was as follows:

Questions:
question: What was the amount of Income before income taxes in 2019?
answer: $216.0
scale: million
question: What was the amount of  Domestic  Income before income taxes in 2018?
answer: $140.3
scale: million
question: What are the different types of operations for which income before income taxes was provided?
answer: Domestic
Foreign
question: In which year was Foreign largest?
answer: 2018
derivation: 19.9>14.2>11.8
question: What was the change in Foreign in 2019 from 2018?
answer: -8.1
derivation: 11.8-19.9
scale: million
question: What was the percentage change in Foreign in 2019 from 2018?
answer: -40.7
derivation: (11.8-19.9)/19.9
scale: percent
Three Months Ended
December 31, 2019
September 29,2019
December 31, 2018
(Unaudited, in millions)
Research and development funding
$68
$14
$19
Phase-out and start-up costs
(16)
(15)
(1)
Exchange gain (loss), net
1
(1)
—
Patent costs
(1)
(1)
(1)
Gain on sale of non-current assets
1
—
1
Other, net
1
1
(2)
Other income and expenses, net
$54
$(2)
$16
As percentage of net revenues
2.0%
(0.1)%
0.6%

text: In the fourth quarter of 2019, we recognized other income, net of expenses, of $54 million, increasing from a negative $2 million in the prior quarter and from an income of $16 million in the year-ago quarter, reflecting higher R&D grants in Italy associated with the IPCEI program.
text: Other income and expenses, net

Questions:
question: Which program is associated to R&D?
answer: IPCEI program
question: How much was the Other income and expenses, net in the fourth quarter of 2019?
answer: $54 million
question: What led to increase in the other income and expenses, net in the fourth quarter of 2019?
answer: higher R&D grants in Italy associated with the IPCEI program.
question: What is the average Research and development funding for the period December 31, 2019 and 2018?
answer: 43.5
derivation: (68+19) / 2
scale: million
question: What is the average Other income and expenses, net for the period December 31, 2019 and 2018?
answer: 35
derivation: (54+16) /2
scale: million
question: What is the increase/ (decrease) in Research and development funding from the period December 31, 2018 to 2019?
answer: 49
derivation: 68-19
scale: million