tokbokki/tatqa_dataset_filter huggingface dataset:
text: Global Financing Financial Position Key Metrics
text: (1) Includes deferred initial direct costs which are eliminated in
IBM’s consolidated results.
text: (2) Includes intercompany mark-up, priced on an arm’s-length basis, on products purchased from the company’s product divisions which is eliminated in IBM’s consolidated results.
text: (3) Entire amount eliminated for purposes of IBM’s consolidated results and therefore does not appear in the Consolidated Balance Sheet.
text: (4) These assets, along with all other financing assets in this table, are
leveraged at the value in the table using Global Financing debt.
text: At December 31, 2019, substantially all financing assets were IT-related assets, and approximately 62 percent of the total external portfolio was with investment-grade clients with no direct exposure to consumers, an increase of 7 points year to year. This investment-grade percentage is based on the credit ratings of the companies in the portfolio.
text: We have a long-standing practice of taking mitigation actions, in certain circumstances, to transfer credit risk to third parties, including credit insurance, financial guarantees, nonrecourse borrowings, transfers of receivables recorded as true sales in
accordance with accounting guidance or sales of equipment under operating lease. Adjusting for the mitigation actions, the investment-grade content would increase to 67 percent, a decrease of 3 points year to year.

Table:
($ in millions)
At December 31:
2019
2018
Cash and cash equivalents
$ 1,697
$ 1,833
Net investment in sales-type and direct financing leases (1)
6,224
6,924
Equipment under operating leases— external clients (2)
238
444
Client loans
12,884
12,802
Total client financing assets
19,346
20,170
Commercial financing receivables
3,820
11,838
Intercompany financing receivables (3) (4)
3,870
4,873
Total assets
$29,568
$41,320
Debt
24,727
31,227
Total equity
$ 2,749
$ 3,470

Questions:
question: What was the available cash in 2019?
answer: $ 1,697
scale: million
question: What is the increase / (decrease) in the cash from 2018 to 2019?
answer: -136
derivation: 1,697 - 1,833
scale: million
question: What is the average of Equipment under operating leases— external clients?
answer: 341
derivation: (238 + 444) / 2
scale: million
question: What is the percentage increase / (decrease) in Total client financing assets from 2018 to 2019? 
answer: -4.09
derivation: 19,346 / 20,170 - 1
scale: percent
text: Share Options
text: The fair value of equity-settled share options granted is measured as at the date of grant using a Black-Scholes model, taking into account the terms and conditions upon which the options were granted.
text: The following table illustrates the weighted average inputs into the Black-Scholes model in the year:
text: The weighted average fair value of options granted during the year was $ cents 220.53 (2018: $ cents 185.33).
text: The expected volatility reflects the assumption that the historical share price volatility is indicative of future trends, which may not necessarily be the actual outcome. An increase in the expected volatility will increase the estimated fair value.
text: The expected life of the options is based on historical data and is not necessarily indicative of exercise patterns that may occur. The expected life used in the model has been adjusted, based on the Director’s best estimate, taking into account the effects of exercise restrictions, non-transferability and behavioural considerations. An increase in the expected life will increase the estimated fair value.

Table:
Year-ended
Year-ended
31 March 2019
31 March 2018
Weighted average share price ($ cents)
676.10
628.23
Weighted average exercise price ($ cents)
558.54
516.70
Expected volatility
54.91%
38.20%
Expected life of options (years)
1.69
2.08
Risk free rate
1.56%
1.49%
Dividend yield
0.81%
0.70%

Questions:
question: In which year was the Weighted average share price larger?
answer: 2019
derivation: 676.10>628.23
question: What was the change in Weighted average share price in 2019 from 2018?
answer: 47.87
derivation: 676.10-628.23
question: What was the percentage change in Weighted average share price in 2019 from 2018?
answer: 7.62
derivation: (676.10-628.23)/628.23
scale: percent
text: Performance Share Units
text: The following table illustrates the number and WASP on date of award, and movements in, performance share units (“PSUs”) granted under the 2015 LTIP:
text: PSUs vest on one vesting date following a three year vesting period which will comprise three financial years. The awards are divided into three equal parts which will each be subject to a separate annual performance condition linked to the financial performance of the Group.

Table:
Year-ended 31 March 2019
Year-ended 31 March 2018
Number
WASP
Number
WASP
Performance share units
000’s
£ pence
000’s
£ pence
Outstanding at the start of the year
7,546
269.65
6,024
219.41
Awarded
1,721
506.74
1,719
440.50
Forfeited
(2,234)
414.51
(197)
223.96
Released
(2,949)
262.64
–
–
Outstanding at the end of the year
4,084
295.41
7,546
269.65

Questions:
question: What is the  Outstanding at the start of the year  for 2019?
answer: 7,546
scale: thousand
question: In which year was the number of PSUs awarded larger?
answer: 2019
derivation: 1,721>1,719
question: What was the change in the number of PSUs outstanding at the end of the year in 2019 from 2018?
answer: -3462
derivation: 4,084-7,546
scale: thousand
question: What was the percentage change in the number of PSUs outstanding at the end of the year in 2019 from 2018?
answer: -45.88
derivation: (4,084-7,546)/7,546
scale: percent
text: Electro-Magnetic, Sensors, and Actuators
text: The following table sets forth net sales, operating income, and operating income as a percentage of net sales for our MSA reportable segment in fiscal years 2019 and 2018 (amounts in thousands, except percentages).
text: Net Sales MSA net sales of $240.7 million in fiscal year 2019 increased $13.8 million or 6.1% from $227.0 million in fiscal year 2018. The increase in net sales was primarily driven by a $15.0 million increase in OEM sales in the JPKO region. Also contributing to the increase in net sales was a $4.3 million increase in EMS sales across all regions and a $3.7 million increase in distributor sales across the Americas and EMEA regions. These increase in net sales were partially offset by a $5.5 million decrease in distributor sales across the APAC and JPKO regions and a $3.8 million decrease in OEM sales across the Americas, APAC, and JPKO regions.
text: Reportable Segment Operating Income
text: Segment operating income of $22.5 million in fiscal year 2019 increased $6.9 million from $15.7 million in fiscal year 2018. The increase in operating income was primarily due to a $6.6 million decrease in SG&A expenses resulting from a decrease in payroll expenses that was caused by a reduction in head count. Also contributing to the increase in operating income was a $2.9 million decrease in restructuring charges, a $1.3 million decrease in net loss on write down and disposal of long-lived assets, and a $0.2 million decrease in R&D expenses. Partially offsetting these improvements was a $4.1 million decrease in gross margin, which was primarily driven by a change in the sales mix to lower margin products.

Table:
For the Fiscal Years Ended
March 31, 2019
March 31, 2018
Sales
Amount
% to Net Sales
Amount
% to Net Sales
Net sales
$240,740
$226,964
Segment operating income
22,546
9.4%
15,694
6.9%

Questions:
question: What was the change in the percentage to net sales between 2018 and 2019?
answer: 2.5
derivation: 9.4-6.9
scale: percent
question: Which years did net sales exceed $200,000 thousand?
answer: 2019
2018
derivation: (2019:240,740),(2018:226,964)
text: (a) Revenue and Gross Margin by Segment
text: We conduct business globally and are managed on a geographic basis consisting of three segments: the Americas, EMEA, and APJC. Our management makes financial decisions and allocates resources based on the information it receives from our internal management system. Sales are attributed to a segment based on the ordering location of the customer. We do not allocate research and development, sales and marketing, or general and administrative expenses to our segments in this internal management system because management does not include the information in our measurement of the performance of the operating segments. In addition, we do not allocate amortization and impairment of acquisition-related intangible assets, sharebased compensation expense, significant litigation settlements and other contingencies, charges related to asset impairments and restructurings, and certain other charges to the gross margin for each segment because management does not include this information in our measurement of the performance of the operating segments.
text: Summarized financial information by segment for fiscal 2019, 2018, and 2017, based on our internal management system and as utilized by our Chief Operating Decision Maker (CODM), is as follows (in millions):
text: Amounts may not sum and percentages may not recalculate due to rounding.
text: Revenue in the United States was $27.4 billion, $25.5 billion, and $25.0 billion for fiscal 2019, 2018, and 2017, respectively.

Table:
Years Ended
July 27, 2019
July 28, 2018
July 29, 2017
Revenue:
Americas  .
$30,927
$29,070
$28,351
EMEA  .
13,100
12,425
12,004
APJC .
7,877
7,834
7,650
Total
$51,904
$49,330
$48,005
Gross margin:
Americas .
$20,338
$18,792
$18,284
EMEA  .
8,457
7,945
7,855
APJC .
4,683
4,726
4,741
Segment total .
33,479
31,463
30,880
Unallocated corporate items .
(813)
(857)
(656)
Total
$32,666
$30,606
$30,224

Questions:
text: The following table presents summary results for each of our three businesses for each of fiscal 2019 , 2018 and 2017 :
text: (1) Cloud and license revenues presented for management reporting included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our consolidated statements of operations for the periods presented due to business combination accounting requirements. See Note 9 for an explanation of these adjustments and the table below for a reconciliation of our total operating segment revenues to our total consolidated revenues as reported in our consolidated statements of operations
text: (2) The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of product development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or non-operating income, net. refer to the table below for a reconciliation of our total margin for operating segments to our income before provision for income taxes as reported per our consolidated statements of operations.

Table:
Year Ended May 31,
(in millions)
2019
2018
2017
Cloud and license:
revenues (1)
$32,582
$32,041
$30,452
Cloud services and license support expenses
3,597
3,441
2,881
Sales and marketing expenses
7,398
7,213
6,770
Margin (2)
$21,587
$21,387
$20,801
Hardware:
revenues
$3,704
$3,994
$4,152
Hardware products and support expenses
1,327
1,547
1,618
Sales and marketing expenses
520
643
825
Margin (2)
$1,857
$1,804
$1,709
Services:
revenues
$3,240
$3,395
$3,359
Services expenses
2,703
2,729
2,661
Margin (2)
$537
$666
$698
Totals:
revenues (1)
$39,526
$39,430
$37,963
Expenses
15,545
15,573
14,755
Margin (2)
$23,981
$23,857
$23,208

Questions:
question: What was the percentage change in hardware revenues from 2017 to 2018?
answer: -3.81
derivation: (3,994-4,152)/4,152 
scale: percent
question: How much was the total revenue for cloud and license business and services business in 2019?
answer: 35822
derivation: 3,240+32,582 
scale: million
question: What was the difference in total expenses in 2019 and 2017?
answer: 790
derivation: 15,545 - 14,755 
scale: million
text: Note 5: Equity-based Compensation Plans
text: The Company has stock plans that provide for grants of equity-based awards to eligible participants, including stock options and restricted stock units, of the Company’s Common Stock. An option is a right to purchase Common Stock at a set price. An RSU award is an agreement to issue a set number of shares of Common Stock at the time of vesting. The Company’s options and RSU awards typically vest over a period of three years or less. The Company also has an employee stock purchase plan that allows employees to purchase its Common Stock at a discount through payroll deductions.
text: The Lam Research Corporation 2007 Stock Incentive Plan, as amended and restated, 2011 Stock Incentive Plan, as amended and restated, and the 2015 Stock Incentive Plan (collectively the “Stock Plans”), provide for the grant of non-qualified equity-based awards to eligible employees, consultants and advisors, and non-employee directors of the Company and its subsidiaries. The 2015 Stock Incentive Plan was approved by shareholders authorizing up to 18,000,000 shares available for issuance under the plan. Additionally, 1,232,068 shares that remained available for grants under the Company’s 2007 Stock Incentive Plan were added to the shares available for issuance under the 2015 Stock Incentive Plan. As of June 30, 2019, there were a total of 9,379,904 shares available for future issuance under the Stock Plans. New shares are issued from the Company’s balance of authorized Common Stock from the 2015 Stock Incentive Plan to satisfy stock option exercises and vesting of awards.
text: The Company recognized the following equity-based compensation expense and benefits in the Consolidated Statements of Operations:
text: The estimated fair value of the Company’s equity-based awards, less expected forfeitures, is amortized over the awards’ vesting terms on a straight-line basis.

Table:
YearEnded
June 30, 2019
June 24, 2018
June 25, 2017
(in thousands)
Equity-based compensation expense
$187,234
$172,216
$149,975
Income tax benefit recognized related to equity-based compensation
$47,396
$87,505
$38,381
Income tax benefit realized from the exercise and vesting of options and RSUs
$49,242
$90,297
$92,749

Questions:
question: What is the percentage change in the Equity-based compensation expense from 2018 to 2019?
answer: 8.72
derivation: (187,234-172,216)/172,216
scale: percent
question: What is the percentage change in the Income tax benefit recognized related to equity-based compensation from 2018 to 2019?
answer: -45.84
derivation: (47,396-87,505)/87,505
scale: percent
question: What is the percentage change in the Income tax benefit realized from the exercise and vesting of options and RSUs from 2018 to 2019?
answer: -45.47
derivation: (49,242-90,297)/90,297
scale: percent
text: ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)
text: Cash flows
text: We prepare our Consolidated Statements of Cash Flows using the indirect method, under which we reconcile net income to cash flows provided by operating activities by adjusting net income for those items that impact net income, but may not result in actual cash receipts or payments during the period. The following table provides a summary of our operating, investing and financing cash flows for the periods indicated.

Table:
Year Ended December 31,
2019
2018
2017
Net cash provided by operating activities
$153,327
$256,426
$160,394
Net cash used in investing activities
$(15,381)
$(6,581)
$(4,135)
Net cash used in financing activities
$(150,604)
$(145,184)
$(30,535)

Questions:
text: CREDIT FACILITIES
text: Bell Canada may issue notes under its Canadian and U.S. commercial paper programs up to the maximum aggregate principal amount of $3 billion in either Canadian or U.S. currency provided that at no time shall such maximum amount of notes exceed $4 billion in Canadian currency which equals the aggregate amount available under Bell Canada’s committed supporting revolving and expansion credit facilities as at December 31, 2019. The total amount of the net available committed revolving and expansion credit facilities may be drawn at any time.
text: The table below is a summary of our total bank credit facilities at December 31, 2019.
text: (1) Bell Canada’s $2.5 billion and additional $500 million committed revolving credit facilities expire in November 2024 and November 2020, respectively, and its $1 billion committed expansion credit facility expires in November 2022. Bell Canada has the option, subject to certain conditions, to convert advances outstanding under the additional $500 million revolving credit facility into a term loan with a maximum one-year term.
text: (2) As of December 31, 2019, Bell Canada’s outstanding commercial paper included $1,502 million in U.S. dollars ($1,951 million in Canadian dollars). All of Bell Canada’s commercial paper outstanding is included in debt due within one year.

Table:
TOTAL AVAILABLE
DRAWN
LETTERS OF CREDIT
COMMERCIAL PAPER OUTSTANDING
NET AVAILABLE
Committed credit facilities
Unsecured revolving and expansion credit facilities (1) (2)
4,000
–
–
1,951
2,049
Other
106
–
106
–
–
Total committed credit facilities
4,106
–
106
1,951
2,049
Total non-committed credit facilities
1,939
–
1,059
–
880
Total committed and non-committed credit facilities
6,045
–
1,165
1,951
2,929

Questions:
question: What is the net available amount for the total committed and non-committed credit facilities?
answer: 2,929
question: How many segments of committed credit facilities are there?
answer: 2
derivation: Unsecured revolving and expansion credit facilities##Other
question: What is the ratio of the net available total committed credit facilities over the net available total non-committed credit facilities?
answer: 2.33
derivation: 2,049/880
question: What percentage of the total non-committed credit facilities available is classified as net available? 
answer: 45.38
derivation: 880/1,939
scale: percent
text: The following table reconciles the expected income tax expense, computed by applying our combined German tax rate of 26.4% (2018: 26.4%; 2017: 26.4%), to the actual income tax expense. Our 2019 combined German tax rate includes a corporate income tax rate of 15.0% (2018: 15.0%; 2017: 15.0%), plus a solidarity surcharge of 5.5% (2018: 5.5%; 2017: 5.5%) thereon, and trade taxes of 10.6% (2018: 10.6%; 2017: 10.6%).
text: Relationship Between Tax Expense and Profit Before Tax

Table:
€ millions, unless otherwise stated
2019
2018
2017
Profit before tax
4,596
5,600
5,029
Tax expense at applicable tax rate of 26.4% rate of 26.4% (2018: 26.4%; 2017: 26.4%)
1,212
1,478
1,327
Tax effect of:
Foreign tax rates
–209
–147
–403
Changes in tax laws and tax rates
10
0
–212
Non-deductible expenses
116
106
82
Tax-exempt income
–93
–38
–95
Withholding taxes
138
91
131
Research and development and foreign tax credits
–89
–33
–26
Prior-year taxes
80
–17
–26
Reassessment of deferred tax assets, research and development tax credits, and foreign tax credits
48
58
185
Other
13
13
20
Total income tax expense
1,226
1,511
983
Effective tax rate (in %)
26.7
27.0
19.5

Questions:
question: What was the profit before tax in 2019?
answer: 4,596
scale: million
question: In which year was profit before tax the largest?
answer: 2018
derivation: 5,600>5,029>4,596
question: What was the change in Other in 2019 from 2018?
answer: 0
derivation: 13-13
scale: million
question: What was the percentage change in Other in 2019 from 2018?
answer: 0
derivation: (13-13)/13
scale: percent
text: Revenue
text: We manage our business on a geographic basis, organized into three geographic segments. Our revenue, which includes product and service for each segment, is summarized in the following table (in millions, except percentages):
text: Amounts may not sum and percentages may not recalculate due to rounding.
text: Total revenue in fiscal 2019 increased by 5% compared with fiscal 2018. Product revenue increased by 6% and service revenue increased by 2%. Our total revenue reflected growth across each of our geographic segments. Product revenue for the BRICM countries, in the aggregate, experienced 1% product revenue decline, driven by a 16% decrease in product revenue in China and a decrease of 1% in Brazil. These decreases were partially offset by increased product revenue in Mexico, Russia and India of 26%, 6% and 5%, respectively.
text: In addition to the impact of macroeconomic factors, including a reduced IT spending environment and reductions in spending by government entities, revenue by segment in a particular period may be significantly impacted by several factors related to revenue recognition, including the complexity of transactions such as multiple performance obligations; the mix of financing arrangements provided to channel partners and customers; and final acceptance of the product, system, or solution, among other factors. In addition, certain customers tend to make large and sporadic purchases, and the revenue related to these transactions may also be affected by the timing of revenue recognition, which in turn would impact the revenue of the relevant segment.

Table:
Years Ended
2019 vs. 2018
July 27, 2019
July 28, 2018
July 29, 2017
Variance in Dollars
Variance in Percent
Revenue:
Americas
$ 30,927
$ 29,070
$28,351
$1,857
6%
Percentage of revenue
59.6%
58.9%
59.1%
EMEA
13,100
12,425
12,004
675
5%
Percentage of revenue
25.2%
25.2%
25.0%
APJC
7,877
7,834
7,650
43
1%
Percentage of revenue
15.2%
15.9%
15.9%
Total
$51,904
$49,330
$48,005
$2,574
5%

Questions:
text: Profitability Measures
text: Net income:
text: The net income in the fiscal year ended February 28, 2018 was $16.6 million as compared to a net loss of $7.9 million in the same period last year. The increase is primarily the result of the $28.3 million non-operating gain from the legal settlement with a former supplier of LoJack, which was recognized during fiscal 2018. This gain was partially offset by higher tax expense in fiscal 2018 due to U.S. and foreign taxes on the $28.3 million legal settlement gain as well as the revaluation of our net deferred income tax assets that occurred in the fourth quarter of fiscal 2018 as we adopted the provisions of the Tax Cuts and Jobs Act which was enacted on December 22, 2017.
text: Adjusted EBITDA:
text: Adjusted EBITDA for Telematics Systems in the fiscal year ended February 28, 2018 increased $1.5 million compared to the same period last year due to higher MRM products revenue. Adjusted EBITDA for Software and Subscription Services increased $5.2 million compared to the same period last year due primarily to lower selling and marketing expenses and lower general and administrative expenses.
text: See Note 20 for a reconciliation of Adjusted EBITDA by reportable segments and a reconciliation to GAAP-basis net income (loss).

Table:
Fiscal years ended
February 28,
(In thousands)
2018
2017
$ Change
% Change
Segment
Telematics Systems
$48,943
$47,432
$1,511
3.2%
Software & Subscription Services
8,233
3,075
5,158
167.7%
Satellite
-
2,447
(2,447)
(100.0%)
Corporate Expense
(4,794)
(3,586)
(1,208)
33.7%
Total Adjusted EBITDA
$52,382
$49,368
$3,014
6.1%

Questions:
question: What was the Adjusted EBITDA for Telematics Systems in 2018?
answer: 48,943
scale: thousand
question: What was the Adjusted EBITDA for Telematics Systems in 2017?
answer: 47,432
scale: thousand
question: What was the total Adjusted EBITDA for Telematics Systems and Software & Subscription Services in 2018?
answer: 57176
derivation: (48,943+8,233)
scale: thousand
question: What was the total Adjusted EBITDA for Telematics Systems and Software & Subscription Services in 2017?
answer: 50507
derivation: (47,432+3,075)
scale: thousand
question: What was the average corporate expense for both years, 2017 and 2018?
answer: -4190
derivation: (-4,794-3,586)/(2018-2017+1)
scale: thousand