next-tat/TAT-QA huggingface dataset:
December 31, 2019
December 31, 2018
Cash and cash equivalents
$19,505
$18,017
Restricted cash
1,205
1,444
Total cash, cash equivalents and restricted cash in the consolidated statements of cash flows
$20,710
$19,461

text: (l) Cash, Cash Equivalents and Restricted Cash
text: Cash equivalents consist of highly liquid investments with maturities of three months or less on the date of purchase. Restricted cash includes cash and cash equivalents that is restricted through legal contracts, regulations or our intention to use the cash for a specific purpose. Our restricted cash primarily relates to refundable deposits and funds held in escrow.
text: The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total amounts shown in the statements of cash flows (in thousands):

Questions:
question: What is the cash and cash equivalents as of December 31, 2019 and 2018 respectively?
answer: $19,505
$18,017
scale: thousand
question: What is the restricted cash amount as of December 31, 2019 and 2018 respectively?
answer: 1,205
1,444
scale: thousand
question: What does restricted cash primarily relate to?
answer: refundable deposits and funds held in escrow
question: What is the change in the cash and cash equivalents between 2019 and 2018?
answer: 1488
derivation: 19,505-18,017
scale: thousand
question: What is the average restricted cash amount in 2018 and 2019?
answer: 1324.5
derivation: (1,205+1,444)/2
scale: thousand
question: Which year has the higher amount of cash and cash equivalents?
answer: 2019
derivation: Look at COL3 and COL4 , and compare the values at Row 2
(dollars in millions) Increase/ (Decrease)
Years Ended December 31,
2019
2018
2019 vs. 2018
Cost of services 
$10,655
$10,859
$(204)
(1.9)%
Cost of wireless equipment 
4,733
4,560
173
3.8
Selling, general and administrative expense 
8,188
7,689
499
6.5
Depreciation and amortization expense 
4,105
4,258
(153)
(3.6)
Total Operating Expenses 
$ 27,681
$ 27,366
$ 315
1.2

text: Cost of Services Cost of services decreased $204 million, or 1.9%, during 2019 compared to 2018, primarily due to lower access costs resulting from a decline in voice connections, as well as lower employee-related costs associated with the lower headcount resulting from the Voluntary Separation Program, offset by an increase in regulatory fees.
text: Cost of Wireless Equipment Cost of wireless equipment increased $173 million, or 3.8%, during 2019 compared to 2018, primarily driven by a shift to higher priced units in the mix of wireless devices sold and an increase in the number of wireless devices sold.
text: Selling, General and Administrative Expense Selling, general and administrative expense increased $499 million, or 6.5%, during 2019 compared to 2018, due to increases in advertising expenses and sales commission expense, which were partially offset by decreases in employee-related costs resulting from the Voluntary Separation Program. The increase in sales commission expense was primarily due to a lower net deferral of commission costs in 2019 as compared to 2018 as a result of the adoption of Topic 606 on January 1, 2018 using a modified retrospective approach.
text: Depreciation and Amortization Expense Depreciation and amortization expense decreased $153 million, or 3.6%, during 2019 compared to 2018, driven by the change in the mix of total Verizon depreciable assets and Business’s usage of those assets.

Questions:
question: How much was the Cost of services in 2019?
answer: $10,655
scale: million
question: How much was the Cost of Wireless Equipment in 2019?
answer: 4,733
scale: million
question: How much was the Selling, General and Administrative Expense in 2019?
answer: 8,188
scale: million
question: What is the change in Cost of services from 2018 to 2019?
answer: -204
derivation: 10,655-10,859
scale: million
question: What is the change in Cost of wireless equipment from 2018 to 2019?
answer: 173
derivation: 4,733-4,560
scale: million
question: What is the change in Selling, general and administrative expense from 2018 to 2019?
answer: 499
derivation: 8,188-7,689
scale: million
December 31,
2019
2018
Accounts receivable
$80,032
$52,850
Allowance for doubtful accounts
(2,584)
(1,425)
Allowance for product returns
(1,075)
(1,915)
Accounts receivable, net
$76,373
$49,510

text: Note 4. Accounts Receivable, Net
text: The components of accounts receivable, net are as follows (in thousands):
text: For the years ended December 31, 2019, 2018 and 2017, we recorded a provision for doubtful accounts of $1.2 million, $0.1 million and $0.5 million, respectively.
text: For the year ended December 31, 2019, we recorded a reduction to the reserve for product returns of $0.1 million. For the years ended December 31, 2018 and 2017, we recorded a $0.3 million and $2.1 million reserve for product returns in our hardware and other revenue, respectively. Historically, we have not experienced write-offs for uncollectible accounts or sales returns that have differed significantly from our estimates.

Questions:
question: How much was the provision for doubtful accounts in 2019?
answer: $1.2 million
scale: million
question: Which years does the table provide information for accounts receivable, net for?
answer: 2019
2018
question: What was the reduction to the reserve for product returns in 2019?
answer: $0.1 million
scale: million
question: What was the change in Accounts receivable between 2018 and 2019?
answer: 27182
derivation: 80,032-52,850
scale: thousand
question: How many years did net accounts receivable exceed $50,000 thousand?
answer: 1
derivation: 2019
question: What was the percentage change in allowance for product returns between 2018 and 2019?
answer: -43.86
derivation: (-1,075+1,915)/-1,915
scale: percent
December 31, 2019
December 31, 2018
December 31, 2017
Cost of sales
22
23
12
Selling, general and administrative
46
67
31
Research and development
77
35
18
Total pre-payroll tax and social contribution compensation
145
125
61

text: The following table illustrates the classification of pre-payroll tax and social contribution stock-based compensation expense included in the consolidated statements of income for the years ended December 31, 2019, December 31, 2018 and December 31, 2017:
text: The fair value of the shares vested in 2019 was $114 million compared to $68 million for 2018 and $38 million for 2017.
text: Compensation cost, excluding payroll tax and social contribution, capitalized as part of inventory was $6 million as of December 31, 2019, compared to $6 million as of December 31, 2018 and $3 million as of December 31, 2017. As of December 31, 2019, there was $138 million of total unrecognized compensation cost related to the grant of unvested shares, which is expected to be recognized over a weighted average period of approximately 9 months.
text: The total deferred income tax benefit recognized in the consolidated statements of income related to unvested share-based compensation expense amounted to $9 million, $7 million and $3 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Questions:
question: What was the fair value of the shares vested in 2019?
answer: $114 million
question: What was the compensation cost excluding payroll tax and social contribution, capitalised as a part of inventory as of 31 December 2019?
answer: $6 million
question: What was the total deferred income tax benefit recognized in 019?
answer: $9 million
question: What was the increase ./ (decrease) in the cost of sales from 2018 to 2019?
answer: -1
derivation: 22 - 23
scale: million
question: What was the average of Selling, general and administrative?
answer: 48
derivation: (46 + 67 + 31) / 3
scale: million
question: What was the percentage increase / (decrease) in the Research and development from 2018 to 2019?
answer: 120
derivation: 77 / 35 - 1
scale: percent
PSG
ASG
ISG
Total
For year ended December 31, 2019:  
Revenue from external customers
$2,788.3
$1,972.3
$757.3
$5,517.9
Segment gross profit
976.0
794.8
275.4
2,046.2
For year ended December 31, 2018:  
Revenue from external customers
$3,038.2
$2,071.2
$768.9
$5,878.3
Segment gross profit
1,110.1
878.3
317.1
2,305.5
For year ended December 31, 2017:  
Revenue from external customers  
$2,819.3
$1,950.9
$772.9
$5,543.1
Segment gross profit  
959.8
817.8
302.6
2,080.2

text: Note 3: Revenue and Segment Information
text: Revenue recognized for sales agreements amounted to $5,492.0 million and $5,849.0 million for the years ended December 31, 2019 and 2018, respectively. Revenue recognized for product development agreements amounted to $25.9 million and $29.3 million for the years ended December 31, 2019 and 2018, respectively.
text: The Company is organized into three operating and reportable segments consisting of PSG, ASG and ISG. The Company's wafer manufacturing facilities fabricate ICs for all business units, as necessary, and their operating costs are reflected in the segments' cost of revenue on the basis of product costs. Because operating segments are generally defined by the products they design and sell, they do not make sales to each other.
text: The Company does not allocate income taxes or interest expense to its operating segments as the operating segments are principally evaluated on gross profit. Additionally, restructuring, asset impairments and other charges, net and certain other manufacturing and operating expenses, which include corporate research and development costs, unallocated inventory reserves and miscellaneous nonrecurring expenses, are not allocated to any segment.
text: In addition to the operating and reportable segments, the Company also operates global operations, sales and marketing, information systems and finance and administration groups. A portion of the expenses of these groups are allocated to the segments based on specific and general criteria and are included in the segment results.
text: Revenue and gross profit for the Company’s operating and reportable segments are as follows (in millions):

Questions:
question: How much Revenue was recognized for sales agreements for the years ended December 31, 2019 and 2018 respectively?
answer: $5,492.0 million
$5,849.0 million
question: How much Revenue was recognized for product development agreements for the years ended December 31, 2019 and 2018 respectively?
answer: $25.9 million
$29.3 million
question: What are the three operating and reportable segments?
answer: PSG
ASG
ISG.
question: What is the change in PSG Revenue from external customers from year ended December 31, 2018 to 2019?
answer: -249.9
derivation: 2,788.3-3,038.2
scale: million
question: What is the change in ASG Revenue from external customers from year ended December 31, 2018 to 2019?
answer: -98.9
derivation: 1,972.3-2,071.2
scale: million
question: What is the average PSG Revenue from external customers for year ended December 31, 2018 to 2019?
answer: 2913.25
derivation: (2,788.3+3,038.2) / 2
scale: million
Years Ended December 31,
2019
2018
2017
Basic:
Weighted average common shares outstanding
41,649
42,090
41,822
Diluted:
Dilutive effect of stock appreciation rights, restricted stock, restricted stock units and shares held in rabbi trust
153
156
319
Total weighted average diluted shares outstanding
41,802
42,246
42,141
Anti-dilutive shares excluded from the diluted earnings per share calculation
69
44
46

text: Note 21. Earnings Per Share
text: Basic earnings per share are based on the weighted average number of common shares outstanding during the periods. Diluted earnings per share includes the weighted average number of common shares outstanding during the respective periods and the further dilutive effect, if any, from stock appreciation rights, restricted stock, restricted stock units and shares held in rabbi trust using the treasury stock method.
text: The number of shares used in the earnings per share computation were as follows (in thousands):

Questions:
question: What is the number of Basic Weighted average common shares outstanding in 2019?
answer: 41,649
scale: thousand
question: What is the number of Total weighted average diluted shares outstanding in 2018?
answer: 42,246
scale: thousand
question: In which years is the Total weighted average diluted shares outstanding calculated?
answer: 2019
2018
2017
question: In which year was the Anti-dilutive shares excluded from the diluted earnings per share calculation largest?
answer: 2019
derivation: 69>46>46
question: What was the change in the Anti-dilutive shares excluded from the diluted earnings per share calculation in 2019 from 2018?
answer: 25
derivation: 69-44
scale: thousand
question: What was the percentage change in the Anti-dilutive shares excluded from the diluted earnings per share calculation in 2019 from 2018?
answer: 56.82
derivation: (69-44)/44
scale: percent
2019
2018
2017
2016
2015
US$’000
US$’000
US$’000
US$’000
US$’000
Revenue
171,819
140,176
110,865
93,597
80,216
EBITDA
62,721
44,869
33,254
27,430
22,697
EPS
40.57
28.86
21.70
17.89
12.47 1
Profit for the year
52,893
37,489
28,077
23,020
15,398 1
Dividend declared - AU cents
34
27
23
20
16
Share price - AU$
$34.2
22.51
8.57
6.46
4.43
STI Achievement
100% - 150% 2
131%
103%
97%
63%
STI performance hurdles
70% Revenue 30% EBITDA
50% Revenue 50% EBITDA
70% Revenue 30% EBITDA
50% Revenue 50% EBITDA
Different metrics related to subscriber related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development
LTI Achievement
100%
100%
100%
100%
50%
LTI performance hurdles
50% Revenue
EPS
EPS
EPS
50% Subscriber growth 50% EPS

text: 4. Link between Group performance and remuneration outcomes
text: The Altium Remuneration Framework is designed to align key employee remuneration to shareholder returns (in the form of capital appreciation and dividends). The table below shows the Group performance on key financial results and performance metrics over the last five years.
text: Altium’s remuneration strategy has evolved over the past seven years and we believe that it is linked intrinsically to the success of the Group. Strong payout results for STI and LTI have reflected the strong financial performance of the Group. In addition, STI and LTI hurdles have changed over time to better reflect what is most important for Group growth.
text: 1 Normalised EPS and Profit for the year excludes deferred tax asset of US$77 million recognised on the transfer of core business assets to the USA.
text: 2 The maximum STI payable based on the above performance hurdles is 100%, however based on achievement of individual personal goals, the overall achievement level may be modified up to 150% or down to 0%.

Questions:
question: What are the LTI performance hurdles in 2019?
answer: 50% Revenue
50% EPS
question: What is the share price  in 2019?
answer: $34.2
question: What are the STI performance hurdles in 2019?
answer: 70% Revenue
30% EBITDA
question: What is the percentage change in the revenue from 2018 to 2019?
answer: 22.57
derivation: (171,819-140,176)/140,176
scale: percent
question: What is the percentage change in profits from 2018 to 2019?
answer: 41.09
derivation: (52,893-37,489)/37,489
scale: percent
question: What is the percentage change in EBITDA from 2017 to 2018?
answer: 34.93
derivation: (44,869-33,254)/33,254
scale: percent
Adjusted EBITDA
Free cash flow (pre-spectrum)
2019 €m
2018 €m
Growth
2019 €m
Reported (IAS 18 basis)
14,139
14,737
(4.1)%
5,443
Other activity (including M&A)
(95)
(341)
–
Foreign exchange
–
(288)
–
Handset financing and settlements
(198)
(674)
–
Guidance basis
13,846
13,434
3.1%
5,443

text: 2019 financial year guidance
text: The adjusted EBITDA and free cash flow guidance measures for the year ended 31 March 2019 were forward-looking alternative performance measures based on the Group’s assessment of the global macroeconomic outlook and foreign exchange rates of €1:£0.87, €1:ZAR 15.1, €1:TRY 5.1 and €1:EGP 22.1. These guidance measures exclude the impact of licence and spectrum payments, material one-off tax-related payments, restructuring payments, changes in shareholder recharges from India and any fundamental structural change to the Eurozone. They also assume no material change to the current structure of the Group. We believe it is both useful and necessary to report these guidance measures to give investors an indication of the Group’s expected future performance, the Group’s sensitivity to foreign exchange movements and to report actual performance against these guidance measures.
text: Reconciliations of adjusted EBITDA and free cash flow to the 2019 financial year guidance basis is shown below.

Questions:
question: What financial items does guidance basis comprise of?
answer: Reported (IAS 18 basis)
Other activity (including M&A)
Foreign exchange
Handset financing and settlements
question: Which financial years' information is shown in the table?
answer: 2018
2019
question: What does the table show?
answer: Reconciliations of adjusted EBITDA and free cash flow to the 2019 financial year guidance basis
question: Between 2018 and 2019, which year has higher adjusted EBITDA, reported (IAS 18 basis)?
answer: 2018
derivation: 14,737>14,139
question: Between 2018 and 2019, which year had higher adjusted EBITDA, guidance basis?
answer: 2019
derivation: 13,846>13,434
question: What is the 2019 average adjusted EBITDA, guidance basis?
answer: 13640
derivation: (13,846+13,434)/2
scale: million
2019
2018
2017
Mortgage loan originations(1):
Purchase
$1,272.0
$1,185.0
$1,143.0
Refinance
796.0
458.0
616.0
Total
$2,068.0
$1,643.0
$1,760.0

text: Overview of the Markets We Serve
text: The U.S. mortgage loan servicing market is comprised of first and second lien mortgage loans. Even through housing downturns, the mortgage loan servicing market generally remains stable, as the total number of first lien mortgage loans outstanding tends to stay relatively constant. The number of second lien mortgage loans outstanding can vary based on a number of factors including loan-to-value ratios, interest rates and lenders' desire to own such loans.
text: While delinquent mortgage loans typically represent a small portion of the overall mortgage loan servicing market, the mortgage loan default process is long and complex and involves multiple parties, a significant exchange of data and documentation and extensive regulatory requirements. Providers in the default process must be able to meet strict regulatory guidelines, which we believe are best met through the use of proven technology.
text: The U.S. mortgage loan origination market consists of both purchase and refinance mortgage loan originations. The mortgage loan origination process is complex and involves multiple parties, significant data exchange and significant regulatory oversight, which requires a comprehensive, scalable solution developed by a company with substantial industry experience. According to the Mortgage Bankers Association ("MBA"), the U.S. mortgage loan origination market for purchase and refinance mortgage loan originations is estimated as follows (in billions):
text: Note: Amounts may not recalculate due to rounding.
text: (1) The 2019, 2018 and 2017 U.S. mortgage loan origination market for purchase and refinance originations is estimated by the MBA Mortgage Finance Forecast as of February 18, 2020, February 11, 2019 and October 16, 2018, respectively.

Questions:
question: By whom was the U.S. mortgage loan origination market for purchase and refinance originations estimated by?
answer: MBA Mortgage Finance Forecast
question: What was the mortgage loan originations for purchase originations in 2018?
answer: 1,185.0
scale: billion
question: Which years does the table provide information for the  U.S. mortgage loan origination market for purchase and refinance mortgage loan originations?
answer: 2019
2018
2017
question: What was the change in the refinance originations between 2017 and 2018?
answer: -158
derivation: 458.0-616.0
scale: billion
question: How many years did the purchase originations exceed $1,000 billion?
answer: 3
derivation: 2019##2018##2017
question: What was the percentage change in the total Mortgage loan originations between 2018 and 2019?
answer: 25.87
derivation: (2,068.0-1,643.0)/1,643.0
scale: percent
Years Ended
December 31,
2019
2018
2017
(In thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders
$(16,490)
$19,813
$17,929
Denominator:
Weighted-average common shares, basic
27,618,284
27,484,655
25,353,966
Weighted-average common shares, diluted*
27,618,284
28,416,512
26,269,727
Net income (loss) per common share:
Basic:
$(0.60)
$0.72
$0.71
Diluted:
$(0.60)
$0.70
$0.68

text: NET INCOME (LOSS) PER COMMON SHARE
text: Basic net income (loss) per common share is based upon the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is based on the weighted-average number of common shares outstanding and potentially dilutive common shares outstanding and computed as follows:
text: * For the twelve months ended December 31, 2018, the diluted earnings per common share included the weighted average effect of 215,196 unvested Restricted Stock Units and 716,661 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period. For the twelve months ended December 31, 2017, the diluted earnings per common share included 438,712 unvested Restricted Stock Units and the weighted average effect of 477,048 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period.

Questions:
question: What is the respective number of unvested Restricted Stock Units and stock options included in the diluted earnings per common share for the twelve months ended December 31, 2018?
answer: 215,196
716,661
question: What is the respective number of unvested Restricted Stock Units and stock options included in the diluted earnings per common share for the twelve months ended December 31, 2017?
answer: 438,712
477,048
question: What is the respective number of weighted-average common shares, basic in 2019 and 2018 respectively?
answer: 27,618,284
27,484,655
question: What is the number of unvested Restricted Stock Units as a percentage of the total Weighted-average common shares, diluted in 2018?
answer: 0.76
derivation: 215,196/28,416,512 
scale: percent
question: What is the number of unvested Restricted Stock Units as a percentage of the total Weighted-average common shares, diluted in 2017?
answer: 1.67
derivation: 438,712 /26,269,727 
scale: percent
question: What is the number of potentially dilutive stock options as a percentage of the total Weighted-average common shares, diluted in 2018?
answer: 2.52
derivation: 716,661/28,416,512 
scale: percent