Source document: microsoft-corporation_2019

Question: What were the total expenses in 2019?
Facts: 125,843; 42,959
Derivation: 125,843-42,959 
Answer: 82884 million

Question: How much were the research and development expenses in 2018?
Facts: 1; 15; 2.2
Derivation: (1-15%)*($2.2/15%) 
Answer: 12.47 billion

Question: Why did revenue increase by 14% from 2018 to 2019?
Facts: Revenue increased $15.5 billion or 14%, driven by growth across each of our segments. Intelligent Cloud revenue increased, driven by server products and cloud services. Productivity and Business Processes revenue increased, driven by Office and LinkedIn. More Personal Computing revenue increased, driven by Surface, Gaming, and Windows.
Answer: Revenue increased $15.5 billion or 14%, driven by growth across each of our segments. Intelligent Cloud revenue increased, driven by server products and cloud services. Productivity and Business Processes revenue increased, driven by Office and LinkedIn. More Personal Computing revenue increased, driven by Surface, Gaming, and Windows.

Question: How much was the LinkedIn operating loss in 2018?
Facts: LinkedIn operating loss increased $63 million to $987 million, including $1.5 billion of amortization of intangible assets.
Answer: LinkedIn operating loss increased $63 million to $987 million, including $1.5 billion of amortization of intangible assets.

Question: Why did research and development expenses increase in 2018?
Facts: Research and development expenses increased $1.7 billion or 13%, primarily due to investments in cloud engineering and LinkedIn expenses.
Answer: Research and development expenses increased $1.7 billion or 13%, primarily due to investments in cloud engineering and LinkedIn expenses.

Question: How much were the general and administrative expenses in 2017?
Facts: 1; 273; 6
Derivation: (1-6%)*(273/6%) 
Answer: 4277 million

Question: What were the losses recognized in other income, net, as of 2019?
Facts: (64)
Answer: (64) million

Question: How much were the gains reclassified from accumulated other comprehensive income (loss) into revenue in 2018?
Facts: 185
Answer: 185 million

Question: What was the amount of gains (losses) that were reclassified from AOCI into earnings as a result of forecasted transactions that failed to occur during fiscal year 2019?
Facts: No significant amounts of gains (losses) were reclassified from AOCI into earnings as a result of forecasted transactions that failed to occur during fiscal year 2019.
Answer: No significant amounts of gains (losses) were reclassified from AOCI into earnings as a result of forecasted transactions that failed to occur during fiscal year 2019.

Question: What was the average losses recognized in other income (expense), net, across the 3 year period?
Facts: 255; 389; 64
Derivation: (64+255+389)/3
Answer: 236 million

Question: What was the % change in gains recognized in other comprehensive income (loss), net of tax of $1, $11, and $4 from 2018 to 2019?
Facts: 159; 219
Derivation: (159-219)/219
Answer: -27.4 percent

Question: What was the % change in gains reclassified from accumulated other comprehensive income (loss) into revenue from 2017 to 2018?
Facts: 185; 555
Derivation: (185-555)/555
Answer: -66.67 percent

Question: How do these non-GAAP measures aid investors?
Facts: We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business.
Answer: We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business.

Question: Why does management consider non-GAAP measures in conjunction with GAAP financial results?
Facts: management considers non-GAAP measures in conjunction with GAAP financial results in evaluating business performance.
Answer: management considers non-GAAP measures in conjunction with GAAP financial results in evaluating business performance.

Question: Which non-GAAP measures exclude the net tax impact of transfer of intangible properties, the net tax impact of the TCJA and restructuring expenses?
Facts: Non-GAAP operating income, net income, and diluted EPS are non-GAAP financial measures which exclude the net tax impact of transfer of intangible properties, the net tax impact of the TCJA, and restructuring expenses.
Answer: Non-GAAP operating income, net income, and diluted EPS are non-GAAP financial measures which exclude the net tax impact of transfer of intangible properties, the net tax impact of the TCJA, and restructuring expenses.

Question: What was the average operating income for the 3 year period from 2017 to 2019?
Facts: 29,025; 35,058; 42,959
Derivation: (42,959 + 35,058+29,025)/(2019-2017+1)
Answer: 35680.67 million

Question: What is the average non-GAAP net income for the 3 year period from 2017 to 2019?
Facts: 25,732; 30,267; 36,830
Derivation: (36,830+30,267+25,732)/(2019-2017+1)
Answer: 30943 million

Question: What is the percentage change in operating income from 2017 to 2019?
Facts: 29,025; 42,959
Derivation: (42,959-29,025)/29,025
Answer: 48.01 percent

Question: What does Note 12 cover?
Facts: Income Taxes
Answer: Income Taxes

Question: How much was the net charge related to the enactment of the TCJA for the second quarter?
Facts: $157 million net charge related to the enactment of the TCJA for the second quarter
Answer: $157 million net charge related to the enactment of the TCJA for the second quarter

Question: What does Note 21 cover?
Facts: QUARTERLY INFORMATION (UNAUDITED)
Answer: QUARTERLY INFORMATION (UNAUDITED)

Question: Which quarter ended in fiscal year 2019 saw the highest revenue?
Facts: June 30
Derivation: 33,717 > 32,471 > 30,571 > 29,084
Answer: June 30

Question: How much would diluted EPS be for second quarter ended of fiscal year 2019 without the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers?
Facts: 0.02; 1.71
Derivation: 1.71+0.02
Answer: 1.73

Question: How much would diluted earnings per share for fiscal year 2018 be without the net charge (benefit) related to the enactment of the TCJA?
Facts: 1.75; 2.13
Derivation: 2.13+1.75
Answer: 3.88

Question: Why did net income in 2018 decrease from that in 2017?
Facts: Includes a $13.7 billion net charge related to the enactment of the TCJA, which decreased net income and diluted EPS by $13.7 billion and $1.75, respectively.
Answer: Includes a $13.7 billion net charge related to the enactment of the TCJA, which decreased net income and diluted EPS by $13.7 billion and $1.75, respectively.

Question: How much would operating income in 2015 have been if there were no goodwill and impairment charges in 2015?
Facts: 10.0; 18,161
Derivation: 10.0 billion + 18,161 million 
Answer: 28161 million

Question: When was Linkedin acquired?
Facts: December 8, 2016
Answer: December 8, 2016

Question: When was GitHub acquired?
Facts: October 25, 2018
Answer: October 25, 2018

Question: What was the total liabilities in 2018?
Facts: 258,848; 82,718
Derivation: 258,848-82,718
Answer: 176130 million

Question: What was the average revenue over the 3 year period from 2017 to 2019?
Facts: 110,360; 125,843; 96,571
Derivation: (125,843+110,360+96,571)/(2019-2017+1)
Answer: 110924.67 million

Question: Why did effective tax rate in fiscal 2019 decrease from 2018?
Facts: The decrease in our effective tax rate for fiscal year 2019 compared to fiscal year 2018 was primarily due to the net charge related to the enactment of the TCJA in the second quarter of fiscal year 2018
Answer: The decrease in our effective tax rate for fiscal year 2019 compared to fiscal year 2018 was primarily due to the net charge related to the enactment of the TCJA in the second quarter of fiscal year 2018

Question: Why did the federal statutory rate in fiscal year 2019 decrease from 2018?
Facts: The decrease from the federal statutory rate in fiscal year 2019 is primarily due to a $2.6 billion net income tax benefit related to intangible property transfers, and earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland, Singapore, and Puerto Rico.
Answer: The decrease from the federal statutory rate in fiscal year 2019 is primarily due to a $2.6 billion net income tax benefit related to intangible property transfers, and earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland, Singapore, and Puerto Rico.

Question: Why did the federal statutory rate in fiscal year 2017? 
Facts: The decrease from the federal statutory rate in fiscal year 2017 is primarily due to earnings taxed at lower rates in foreign jurisdictions.
Answer: The decrease from the federal statutory rate in fiscal year 2017 is primarily due to earnings taxed at lower rates in foreign jurisdictions.

Question: How many items accounted for the difference between income taxes computed at the US federal statutory rate and the company's effective rate?
Facts: Excess tax benefits relating to stock-based compensation; Foreign earnings taxed at lower rates; Foreign-derived intangible income deduction; Impact of intangible property transfers; Impact of the enactment of the TCJA; Interest, net; Other reconciling items, net; Phone business losses; Research and development credit
Derivation: Foreign earnings taxed at lower rates##Impact of the enactment of the TCJA##Phone business losses##Impact of intangible property transfers##Foreign-derived intangible income deduction##Research and development credit##Excess tax benefits relating to stock-based compensation##Interest, net##Other reconciling items, net
Answer: 9

Question: What was the average federal statutory rate over the 3 year period from 2017 to 2019? 
Facts: 21.0; 28.1; 35.0
Derivation: (21.0+28.1+35.0)/3
Answer: 28.03 percent

Question: What was the average effective rate over the 3 year period from 2017 to 2019? 
Facts: 10.2; 14.8; 54.6
Derivation: (10.2+54.6+14.8)/3
Answer: 26.53 percent

Question: What does note 7 describe?
Facts: Property and equipment
Answer: Property and equipment

Question: How much was the depreciation expense for fiscal year 2017?
Facts: $6.1 billion
Answer: $6.1 billion

Question: How much has the company committed for the construction of new buildings, building improvements, and leasehold improvements?
Facts: $4.0 billion
Answer: $4.0 billion

Question: How many components of property and equipment are there?
Facts: Lease; buildings and improvements; computer equipment and software; furniture and equipment; leasehold improvements
Derivation: Lease##buildings and improvements##leasehold improvements##computer equipment and software##furniture and equipment
Answer: 5

Question: How much was the average depreciation expense over the 3 year period from 2017 to 2019?
Facts: 6.1; 7.7; 9.7
Derivation: ($9.7+7.7+6.1)/(2019-2017+1)
Answer: 7.83 billion

Question: How much were the top 3 components of property and equipment as a % of the total at cost, property and equipment for 2019?
Facts: 26,288; 33,823; 5,316; 71,807
Derivation: (26,288+33,823+5,316)/71,807
Answer: 91.12 percent

Question: What does the company's commercial cloud revenue contain?
Facts: Office 365 Commercial, Azure, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties
Answer: Office 365 Commercial, Azure, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties

Question: How much revenue did the commercial cloud area generate in 2017?
Facts: $16.2 billion
Answer: $16.2 billion

Question: How much revenue came from LinkedIn in 2019?
Facts: 6,754
Answer: 6,754 million

Question: How many revenue items are there?
Facts: Devices; Enterprise Services; Gaming; LinkedIn; Office products and cloud services; Other; Search advertising; Server products and cloud services; Windows
Derivation: Server products and cloud services## Office products and cloud services## Windows## Gaming## Search advertising## LinkedIn## Enterprise Services## Devices## Other
Answer: 9

Question: How much of the total revenue in 2019 did not come from commercial cloud revenue?
Facts: 125,843; 38.1
Derivation: 125,843 million - 38.1 billion 
Answer: 87743 million

Question: Which were the bottom 2 revenue items for 2017?
Facts: LinkedIn; Other
Answer: LinkedIn; Other

Question: How is basic earnings per share computed?
Facts: Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period.
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?
Facts: 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.
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?
Facts: 39,240
Answer: 39,240 million

Question: What was the average basic earnings per share over the 3 year period from 2017 to 2019?
Facts: 2.15; 3.29; 5.11
Derivation: (5.11+2.15+3.29)/3 
Answer: 3.52

Question: What was the % change in net income available for common shareholders from 2018 to 2019?
Facts: 16,571; 39,240
Derivation: (39,240-16,571)/16,571
Answer: 136.8 percent

Question: What was the % change in the common stock and stock equivalents from 2018 to 2019?
Facts: 7,753; 7,794
Derivation: (7,753-7,794)/7,794
Answer: -0.53 percent

Question: Which places does the company have operating and finance leases?
Facts: We have operating and finance leases for datacenters, corporate offices, research and development facilities, retail stores, and certain equipment.
Answer: We have operating and finance leases for datacenters, corporate offices, research and development facilities, retail stores, and certain equipment.

Question: What is note 15 about?
Facts: LEASES
Answer: LEASES

Question: How long are the remaining lease terms for?
Facts: Our leases have remaining lease terms of 1 year to 20 years,
Answer: Our leases have remaining lease terms of 1 year to 20 years,

Question: How many finance lease cost items are there?
Facts: Amortization of right-of-use assets; Interest on lease liabilities
Derivation: Amortization of right-of-use assets## Interest on lease liabilities
Answer: 2

Question: How much will the operating lease cost be for 2020 if $507 million of leases could be terminated in 1 year?
Facts: 1,707; 507
Derivation: 1,707-507
Answer: 1200 million

Question: What are the years sorted by total finance lease cost, in ascending order?
Facts: 2017; 2018; 2019
Derivation: 617##418##172
Answer: 2019; 2018; 2017

Question: What does the company use derivative instruments for?
Facts: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification.
Answer: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification.

Question: Why did interest and dividends income change from 2018 to 2019?
Facts: Interest and dividends income increased primarily due to higher yields on fixed-income securities.
Answer: Interest and dividends income increased primarily due to higher yields on fixed-income securities.

Question: Why did interest and dividends income increase from $1,387 million in 2017 to $2,214 million in 2018?
Facts: Dividends and interest income increased primarily due to higher average portfolio balances and yields on fixed-income securities.
Answer: Dividends and interest income increased primarily due to higher average portfolio balances and yields on fixed-income securities.

Question: What is the average interest and dividend income for the 3 year period from 2017 to 2019?
Facts: 1,387; 2,214; 2,762
Derivation: (2,762+2,214+1,387)/3
Answer: 2121 million

Question: What is the average total income from 2017 to 2019?
Facts: 1,416; 729; 876
Derivation: (729+1,416+876)/3
Answer: 1007 million

Question: What was the % change in interest and dividends income from 2018 to 2019?
Facts: 2,214; 2,762
Derivation: (2,762-2,214)/2,214
Answer: 24.75 percent

Question: How is the revenue from certain contracts allocated?
Facts: Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin.
Answer: Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin.

Question: How are operating expenses generally allocated?
Facts: Operating expenses that are allocated primarily include those relating to marketing of products and services from which multiple segments benefit and are generally allocated based on relative gross margin.
Answer: Operating expenses that are allocated primarily include those relating to marketing of products and services from which multiple segments benefit and are generally allocated based on relative gross margin.

Question: What do the allocated costs include?
Facts: These allocated costs include costs of: legal, including settlements and fines; information technology; human resources; finance; excise taxes; field selling; shared facilities services; and customer service and support.
Answer: These allocated costs include costs of: legal, including settlements and fines; information technology; human resources; finance; excise taxes; field selling; shared facilities services; and customer service and support.

Question: Which of the 3 years from 2017 to 2019 had the highest revenue for Intelligent Cloud?
Facts: 2019
Derivation: 38,985 > 32,219 > 27,407
Answer: 2019

Question: How many items are there for operating income (loss)?
Facts: Corporate and Other; Intelligent Cloud; More Personal Computing; Productivity and Business Processes
Derivation: Productivity and Business Processes## Intelligent Cloud## More Personal Computing## Corporate and Other
Answer: 4

Question: How many of the 3 years from 2017 to 2019 had operating income of less than $14,000 million for productivity and business processes?
Facts: 2
Derivation: 12,924##11,389
Answer: 2

Question: What reason does the company give for not separately identifying the amount of amortization and depreciation by segment?
Facts: it is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss.
Answer: it is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss.

Question: How is the portion of amortization and depreciation allocated?
Facts: A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment
Answer: A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment

Question: How many countries have Long-lived assets, excluding financial instruments and tax assets, classified by the location of the controlling statutory company and with countriesover 10% of the total assets?
Facts: Ireland; United States
Derivation: United States##Ireland
Answer: 2

Question: How many millions of long-lived assets were there in the United States in 2019?
Facts: 55,252
Answer: 55,252 million

Question: What was the percentage change in the total long-lived assets from 2017 to 2018?
Facts: 75,517; 79,882
Derivation: (79,882-75,517)/75,517
Answer: 5.78 percent

Question: How many years during 2017 to 2019 did the long-lived asset amount in Ireland exceed $12,900 million?
Facts: 12,958
Derivation: 12,958
Answer: 1

Question: Why has $14.2 billion been excluded from other long-term liabilities?
Facts: We have excluded long-term tax contingencies, other tax liabilities, and deferred income taxes of $14.2 billion from the amounts presented as the timing of these obligations is uncertain.
Answer: We have excluded long-term tax contingencies, other tax liabilities, and deferred income taxes of $14.2 billion from the amounts presented as the timing of these obligations is uncertain.

Question: What do the purchase commitments represent?
Facts: Amounts represent purchase commitments, including open purchase orders and take-or-pay contracts that are not presented as construction commitments above.
Answer: Amounts represent purchase commitments, including open purchase orders and take-or-pay contracts that are not presented as construction commitments above.

Question: Where can the long-term debt be found?
Facts: Refer to Note 11 – Debt of the Notes to Financial Statements.
Answer: Refer to Note 11 – Debt of the Notes to Financial Statements.

Question: How much do the top 3 contractual obligation terms add up to in 2020?
Facts: 17,478; 3,443; 5,518
Derivation: 5,518 + 17,478+3,443
Answer: 26439 million

Question: What are the construction commitments in 2020 as a percentage of the total contractual obligations?
Facts: 3,443; 32,505
Derivation: 3,443/32,505
Answer: 10.59 percent

Question: What is the percentage change in interest payments from 2020 to 2021-2022?
Facts: 2,299; 4,309
Derivation: (4,309-2,299)/2,299
Answer: 87.43 percent

Question: How much were the total unrecognized compensation costs related to stock awards as of June 30, 2019?
Facts: As of June 30, 2019, there was approximately $8.6 billion of total unrecognized compensation costs related to stock awards.
Answer: As of June 30, 2019, there was approximately $8.6 billion of total unrecognized compensation costs related to stock awards.

Question: What did the granted stock awards include?
Facts: (a) Includes 2 million, 3 million, and 2 million of PSUs granted at target and performance adjustments above target levels for fiscal years 2019, 2018, and 2017, respectively.
Answer: (a) Includes 2 million, 3 million, and 2 million of PSUs granted at target and performance adjustments above target levels for fiscal years 2019, 2018, and 2017, respectively.

Question: What was the fair value of stock awards vested for 2017?
Facts: The fair value of stock awards vested was $8.7 billion, $6.6 billion, and $4.8 billion, for fiscal years 2019, 2018, and 2017, respectively.
Answer: The fair value of stock awards vested was $8.7 billion, $6.6 billion, and $4.8 billion, for fiscal years 2019, 2018, and 2017, respectively.

Question: How many items affect the nonvested balance?
Facts: Granted; forfeited; vested
Derivation: Granted##vested##forfeited
Answer: 3

Question: What was the number of stock awards that were granted in 2019, not including the PSUs granted?
Facts: 2; 63
Derivation: 63-2 
Answer: 61 million

Question: What was the average fair value of stock awards vested over the 3 year period from 2017 to 2019?
Facts: 4.8; 6.6; 8.7
Derivation: (8.7+6.6+4.8)/3
Answer: 6.7 billion

Question: When does the company expect the IRS to begin an examination of tax years 2014 to 2017?
Facts: We expect the IRS to begin an examination of tax years 2014 to 2017 within the next 12 months.
Answer: We expect the IRS to begin an examination of tax years 2014 to 2017 within the next 12 months.

Question: When did the IRS withdraw the 2011 Revenue Agents Report?
Facts: In February 2012, the IRS withdrew its 2011 Revenue Agents Report related to unresolved issues for tax years 2004 to 2006 and reopened the audit phase of the examination.
Answer: In February 2012, the IRS withdrew its 2011 Revenue Agents Report related to unresolved issues for tax years 2004 to 2006 and reopened the audit phase of the examination.

Question: How much was the accrued interest expense related to uncertain tax positions as of June 30, 2019?
Facts: As of June 30, 2019, 2018, and 2017, we had accrued interest expense related to uncertain tax positions of $3.4 billion, $3.0 billion, and $2.3 billion, respectively, net of income tax benefits.
Answer: As of June 30, 2019, 2018, and 2017, we had accrued interest expense related to uncertain tax positions of $3.4 billion, $3.0 billion, and $2.3 billion, respectively, net of income tax benefits.

Question: How many years between 2017 and 2019 had ending unrecognized tax benefits of over $12,000 million?
Facts: 13,146
Derivation: 13,146
Answer: 1

Question: How many years between 2017 and 2019 had Increases for tax positions related to prior years that were greater than 100million?
Facts: 151; 397; 508
Derivation: 508##151##397
Answer: 3

Question: Which of the 3 years had the highest ending unrecognized tax benefits?
Facts: 2019
Derivation: 13,146 > 11,961 > 11,737
Answer: 2019

Question: Why did corporate and other operating loss decrease in 2018?
Facts: due to a reduction in restructuring expenses, driven by employee severance expenses primarily related to our sales and marketing restructuring plan in fiscal year 2017.
Answer: due to a reduction in restructuring expenses, driven by employee severance expenses primarily related to our sales and marketing restructuring plan in fiscal year 2017.

Question: Why did revenue increase on Office 365 Commercial in 2019 from 2018?
Facts: due to growth in seats and higher average revenue per user
Answer: due to growth in seats and higher average revenue per user

Question: Why did server products revenue increase 6%?
Facts: due to continued demand for premium versions and hybrid solutions, GitHub, and demand ahead of end-of-support for SQL Server 2008 and Windows Server 2008.
Answer: due to continued demand for premium versions and hybrid solutions, GitHub, and demand ahead of end-of-support for SQL Server 2008 and Windows Server 2008.

Question: What was the intelligent cloud as a percentage of total revenue in 2019?
Facts: 125,843; 38,985
Derivation: 38,985/125,843
Answer: 30.98 percent

Question: How many revenue categories are there?
Facts: Intelligent Cloud; More Personal Computing; Productivity and Business Processes
Derivation: Productivity and Business Processes##Intelligent Cloud##More Personal Computing
Answer: 3

Question: What is the average operating income from 2017 to 2019?
Facts: 29,025; 35,058; 42,959
Derivation: (42,959+35,058+29,025)/3
Answer: 35680.67 million