trismik/FinRAG huggingface dataset:
9. DEBT AND OTHER FINANCING ARRANGEMENTS
2021 Senior Convertible Notes
In 2017, the Company issued $300.0 million principal amount of 5.75% senior convertible notes (the “2021 Notes”) for a purchase price equal to 98% of the principal amount. The Company received net proceeds of $284.9 million, net of a discount of $6.0 million and issuance costs of $9.1 million. The debt discount is being accreted to interest expense over the term of the 2021 Notes using the interest method. The issuance costs were deferred and are being amortized to interest expense over the same term.
The 2021 Notes are governed by an Indenture, dated December 8, 2017 between the Company and US Bank National Association, as trustee (the “2017 Indenture”). The 2021 Notes mature on July 1, 2021, unless earlier repurchased or converted. Interest is payable semi-annually in arrears on January 1 and July 1, commencing January 1, 2018.
The 2021 Notes are convertible at an initial conversion rate of 23.8095 shares of the Company’s common stock per $1,000 principal amount of the 2021 Notes, which represents an initial conversion price of $42.00 per share, subject to adjustment for anti-dilutive issuances, voluntary increases in the conversion rate, and make-whole adjustments upon a fundamental change. A fundamental change includes a change in control, delisting of the Company’s common stock, and a liquidation of the Company. Upon conversion, the Company will deliver the applicable number of the Company’s common stock and cash in lieu of any fractional shares. Holders of the 2021 Notes may convert their 2021 Notes at any time prior to the close of business on the scheduled trading day immediately preceding the maturity date.
The holders of the 2021 Notes may require the Company to repurchase all or a portion of their 2021 Notes at a cash repurchase price equal to 100% of the principal amount of the 2021 Notes being repurchased, plus the remaining scheduled interest through and including the maturity date, upon a fundamental change and events of default, including non-payment of interest or principal and other obligations under the 2017 Indenture.
The net carrying amounts of the liability components of the 2021 Notes consist of the following (in thousands):
The effective interest rate of the liability component is 6.4% for the 2021 Notes.

December 31, 2019
December 31, 2018
Principal amount
$300,000
$300,000
Unamortized debt discount
(2,691)
(4,348)
Net carrying amount before unamortized debt issuance costs
297,309
295,652
Unamortized debt issuance costs
(4,135)
(6,685)
Net carrying value
$293,174
$288,967


Question: Analyse this data from a financial earnings document. What is the change in net carrying value between 2018 and 2019?
Choices:
-288958
-4207
0
582141
4207
Correct choice index: 4
stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc .
under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing .
the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group .
the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc .
the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims .
many of these companies are also used by our compensation committee for purposes of compensation benchmarking .
the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any .
the s&p 500 and our peer group are included for comparative purposes only .
they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock .
s&p 500 quintilesims peer group .

5/9/2013
12/31/2013
12/31/2014
12/31/2015
12/31/2016
Q
$100
$110
$140
$163
$181
Peer Group
$100
$116
$143
$151
$143
S&P 500
$100
$114
$127
$126
$138

item 6 .
selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .

Question: Analyse this data from a financial earnings document. what is the return on investment for s&p500 if the investment is sold at the end of year 2014?
Choices:
0.21
407.41
1.35
0.27
0.17
Correct choice index: 3
Our product categories are:
Drinkable Kefir, sold in a variety of organic and non-organic sizes, flavors, and types, including low fat, non-fat, whole milk, protein, and BioKefir (a 3.5 oz. kefir with additional probiotic cultures).
European-style soft cheeses, including farmer cheese in resealable cups.
Cream and other, which consists primarily of cream, a byproduct of making our kefir.
ProBugs, a line of kefir products designed for children.
Other Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.
Frozen Kefir, available in soft serve and pint-size containers.
Lifeway has determined that it has one reportable segment based on how our chief operating decision maker manages the business and in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing our performance, has been identified collectively as the Chief Financial Officer, the Chief Operating Officer, the Chief Executive Officer, and Chairperson of the board of directors. Substantially all of our consolidated revenues relate to the sale of cultured dairy products that we produce using the same processes and materials and are sold to consumers through a common network of distributors and retailers in the United States.
Net sales of products by category were as follows for the years ended December 31:
(a) Includes Lifeway Kefir Shop sales
Significant Customers – Sales are predominately to companies in the retail food industry located within the United States. Two major customers accounted for approximately 22% and 21% of net sales for the years ended December 31, 2019 and 2018, respectively. Two major customers accounted for approximately 17% of accounts receivable as of December 31, 2019 and 2018. Our ten largest customers as a group accounted for approximately 57% and 59% of net sales for the years ended December 31, 2019 and 2018, respectively.

2019
2018
In thousands
$
%
$
%
Drinkable Kefir other than ProBugs
$ 71,822
77%
$ 78,523
76%
Cheese
11,459
12%
11,486
11%
Cream and other
4,228
4%
5,276
5%
ProBugs Kefir
2,780
3%
2,795
3%
Other dairy
1,756
2%
3,836
4%
Frozen Kefir (a)
1,617
2%
1,434
1%
Net Sales
$ 93,662
100%
$ 103,350
100%


Question: Analyse this data from a financial earnings document. What is the change in the net sales for cheese between 2018 and 2019?
Choices:
-27
11458
11432
1
22945
Correct choice index: 0
BELL WIRELESS RESULTS
REVENUES
Bell Wireless operating revenues increased by 3.7% in 2019, compared to 2018, driven by greater postpaid and prepaid service revenues and higher product revenues.
Service revenues increased by 2.5% in 2019, compared to last year, driven by: • Continued growth in our postpaid and prepaid subscriber base coupled with rate increases • A greater mix of customers subscribing to higher-value monthly plans including unlimited data plans launched in June 2019 • The favourable year-over-year impact from the 2018 CRTC retroactive decision on wireless domestic wholesale roaming rates
These factors were partly offset by: • Greater sales of premium handsets and more customers subscribing to higher-value monthly plans • Lower data and voice overages driven by increased customer adoption of monthly plans with higher data allotments and richer voice plans
Product revenues increased by 6.6% in 2019, compared to last year, driven by greater sales of premium handsets and the impact of higher-value rate plans in our sales mix.

2019
2018
$ CHANGE
% CHANGE
External service revenues
6,427
6,269
158
2.5%
Inter-segment service revenues
49
48
1
2.1%
Total operating service revenues
6,476
6,317
159
2.5%
External product revenues
2,660
2,497
163
6.5%
Inter-segment product revenues
6
4
2
50.0%
Total operating product revenues
2,666
2,501
165
6.6%
Total Bell Wireless revenues
9,142
8,818
324
3.7%


Question: Analyse this data from a financial earnings document. What is the percentage of the total operating service revenues out of the Total Bell Wireless revenues in 2019?
Choices:
2833.52
0.5
70.84
0.71
0
Correct choice index: 2
DERIVATIVE LIABILITIES
In connection with the issuance of Series A-1 Preferred Stock in June 2017, the Company issued a warrant with variable consideration through September 2018. The Company determined that this instrument is an embedded derivative pursuant to ASC 815, “Derivatives and Hedging.” The accounting treatment of derivative financial instruments requires that the Company record the warrant, at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date through the expiration of the variable consideration. Any change in fair value is recorded as a change in the fair value of derivative liabilities for each reporting period at each balance sheet date. The Company reassesses the classification at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. On September 19, 2018, upon expiration of the variable consideration, the warrant liability of $4.5 million was reclassified to equity.
The Monte Carlo Valuation model is used to estimate the fair value of the warrant. The model was developed for use in estimating the fair value of traded options or warrants. The expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the instrument granted.
The risk-free interest rate used is the United States Treasury rate for the day of the grant having a term equal to the life of the equity instrument. The volatility is a measure of the amount by which the Company’s share price has fluctuated or is expected to fluctuate. The dividend yield is zero as the Company has not made any dividend payment and has no plans to pay dividends in the foreseeable future. The Company determines the expected term of its warrant awards by using the contractual term.
The principal assumptions used in applying the model were as follows:

Upon 2018 Expiration
December 31, 2017
Assumptions:
Risk-free interest rate
2.3% - 2.5%
1.5% - 2.0%
Expected life
1.8 - 2.2 Years
2.5 - 3 Years
Expected volatility
65% - 70%
50% - 60%
Dividends
0%
0%


Question: Analyse this data from a financial earnings document. What is the average expected volatility of derivative liabilities due on December 31, 2017?
Choices:
55
110
40
61
34
Correct choice index: 0
5. Investment income and financing costs
Investment income comprises interest received from short-term investments and other receivables as well as certain foreign exchange movements. Financing costs mainly arise from interest due on bonds and commercial paper issued, bank loans and the results of hedging transactions used to manage foreign exchange and interest rate movements
Note: 1 Includes €305 million (2018: €187 million; 2017: €272 million) of interest on foreign exchange derivatives.

2019
2018
2017
€m
€m
€m
Investment income:
Amortised cost
286
339
426
Fair value through profit and loss
147
24
20
Foreign exchange
–
322
28
433
685
474
Financing costs:
Items in hedge relationships:
Other loans
17
74
170
Interest rate and cross-currency interest rate swaps
(414)
(128)
(235)
Fair value hedging instrument
(8)
48
22
Fair value of hedged item
10
(36)
(16)
Other financial liabilities held at amortised cost:
Bank loans and overdrafts
336
317
419
Bonds and other liabilities1
1,567
885
1,243
Interest (credit)/charge on settlement of tax issues
(1)
(11)
47
Fair value through profit and loss:
Derivatives – options, forward starting swaps and futures
391
(75)
(244)
Foreign exchange
190
–
–
2,088
1,074
1,406
Net financing costs
1,655
389
932


Question: Analyse this data from a financial earnings document. How much is the 2019 bonds and other liabilities, excluding the interest on foreign exchange derivatives?
Choices:
1380
0
1872
1262
384910
Correct choice index: 3
Cost of revenues. Cost of revenues increased by 23% year-on-year to RMB209.8 billion. The increase primarily reflected greater content costs, costs of FinTech services and channel costs. As a percentage of revenues, cost of revenues increased to 56% for the year ended 31 December 2019 from 55% for the year ended 31 December 2018. The following table sets forth our cost of revenues by line of business for the years ended 31 December 2019 and 2018:
Cost of revenues for VAS increased by 27% year-on-year to RMB94,086 million. The increase was mainly due to greater content costs for services and products such as live broadcast services, online games and video streaming subscriptions, as well as channel costs for smart phone games.
Cost of revenues for FinTech and Business Services increased by 35% year-on-year to RMB73,831 million. The increase primarily reflected greater costs of payment-related and cloud services due to the enhanced scale of our payment and cloud activities.
Cost of revenues for Online Advertising decreased by 6% year-on-year to RMB34,860 million. The decrease was mainly driven by lower content costs for our advertising-funded long form video service resulting from fewer content releases and improved cost efficiency, partly offset by other cost items.

Year ended 31 December
2019
2018
% of
% of
segment
segment
Amount
revenues
Amount
revenues
(Restated)
(Restated)
(RMB in millions, unless specified)
VAS
94,086
47%
73,961
42%
FinTech and Business Services
73,831
73%
54,598
75%
Online Advertising
34,860
51%
37,273
64%
Others
6,979
92%
4,742
98%
Total cost of revenues
209,756
170,574


Question: Analyse this data from a financial earnings document. How much is the combined 2019 cost of revenues for VAS and Fintech and Business Services?
Choices:
167917
168047
1171892743
168
73831
Correct choice index: 0
NOTE 3 – STAFF COSTS
Employee information
The majority of the staff on vessels are not employed by TORM. Staff costs included in operating expenses relate to the 108 seafarers (2018: 112, 2017: 131).
The average number of employees is calculated as a full-time equivalent (FTE).
The Executive Director is, in the event of termination by the Company, entitled to a severance payment of up to 12 months' salary.

USDm
2019
2018
2017
Total staff costs
Staff costs included in operating expenses
8.1
9.3
9.2
Staff costs included in administrative expenses
37.7
36.9
34.6
Total
45.8
46.2
43.8
Staff costs comprise the following
Wages and salaries
37.2
38.1
36.4
Share-based compensation
1.9
2.1
1.9
Pension costs
3.5
3.3
3.1
Other social security costs
0.9
0.6
0.3
Other staff costs
2.3
2.1
2.1
Total
45.8
46.2
43.8
Average number of permanent employees
Seafarers
107.6
111.7
130.6
Land-based
313.5
302.2
286.6
Total
421.1
413.9
417.2


Question: Analyse this data from a financial earnings document. What was the change in the total number of permanent employees from 2018 to 2019?
Choices:
-377
-305.9
7.2
-367.7
115.2
Correct choice index: 2
table of contents index to financial statements item 3 .
legal proceedings .
item 4 .
mine safety disclosures .
not applicable .
part ii price range our common stock trades on the nasdaq global select market under the symbol 201cmktx 201d .
the range of closing price information for our common stock , as reported by nasdaq , was as follows : on february 16 , 2012 , the last reported closing price of our common stock on the nasdaq global select market was $ 32.65 .
holders there were 41 holders of record of our common stock as of february 16 , 2012 .
dividend policy we initiated a regular quarterly dividend in the fourth quarter of 2009 .
during 2010 and 2011 , we paid quarterly cash dividends of $ 0.07 per share and $ 0.09 per share , respectively .
in january 2012 , our board of directors approved a quarterly cash dividend of $ 0.11 per share payable on march 1 , 2012 to stockholders of record as of the close of business on february 16 , 2012 .
any future declaration and payment of dividends will be at the sole discretion of the company 2019s board of directors .
the board of directors may take into account such matters as general business conditions , the company 2019s financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends to the company 2019s stockholders or by the company 2019s subsidiaries to the parent and any such other factors as the board of directors may deem relevant .
recent sales of unregistered securities item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities. .

2011:
High
Low
January 1, 2011 to March 31, 2011
$24.19
$19.78
April 1, 2011 to June 30, 2011
$25.22
$21.00
July 1, 2011 to September 30, 2011
$30.75
$23.41
October 1, 2011 to December 31, 2011
$31.16
$24.57
2010:
High
Low
January 1, 2010 to March 31, 2010
$16.20
$13.25
April 1, 2010 to June 30, 2010
$17.40
$13.45
July 1, 2010 to September 30, 2010
$17.30
$12.39
October 1, 2010 to December 31, 2010
$20.93
$16.93

.

Question: Analyse this data from a financial earnings document. during 2010 and 2011 what were total quarterly cash dividends per share?
Choices:
0.16
1.09
0.01
0.14
-0.02
Correct choice index: 0
17. Financial Information About Segments
Our operations are divided into two reportable segments: Products and Licensing and Technology Development. The Products and Licensing segment develops and sells products or licenses technologies based on commercially viable concepts developed by the Technology Development segment. The Products and Licensing segment derives its revenue from product sales, funded product development and technology licenses.
Our engineers and scientists collaborate with our network of government, academic and industry experts to identify technologies and ideas with promising market potential. We then compete to win fee-for-service contracts from government agencies and industrial customers who seek innovative solutions to practical problems that require new technology. The Technology Development segment derives its revenue primarily from services. The Technology Development segment provides applied research to customers in our areas of focus.
Our President and Chief Executive Officer and his direct reports collectively represent our chief operating decision makers, and they evaluate segment performance based primarily on revenue and operating income or loss.
Information about the results of operations for each segment is set forth in the table below. There were no significant inter-segment sales during the years ended December 31, 2019 and 2018.
During the years ended December 31, 2019 and 2018, 32% and 24%, respectively, of our total sales took place outside the United States. Customers in China represented 11% of total revenues in the year ended December 31, 2019, while no other single country, outside of the United States, represented more than 10% of total revenues in the year ended December 31, 2018.

Years ended December 31,
2019
2018
Products and Licensing revenue
$44,491,041
$21,949,689
Technology Development revenue
26,024,674
20,967,556
Total revenue
$70,515,715
$42,917,245
Products and Licensing operating income
$1,807,616
$499,323
Technology Development operating income 
1,507,405
378,212
Total operating income
$3,315,021
$877,535
Depreciation, Technology Development
$397,296
$379,952
Depreciation, Products and Licensing 
$552,285
$273,185
Amortization, Technology Development 
$91,185
$130,765
Amortization, Products and Licensing
$1,462,525
$418,349


Question: Analyse this data from a financial earnings document. What is the change in Products and Licensing revenue between December 31, 2018 and 2019?
Choices:
976564513236249
0
23523485
-22541352
22541352
Correct choice index: 4
The following table presents unaudited supplemental pro forma results for fiscal 2019 and 2018 as if both the Grakon acquisition had occurred as of the beginning of fiscal 2018 and the Pacific Insight acquisition had occurred as of the beginning of fiscal 2017. The unaudited pro forma information is presented for information purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at such times.
The unaudited pro forma results presented below primarily include amortization charges for acquired intangible assets, depreciation adjustments for property, plant and equipment that has been revalued, interest expense adjustments due to an increased debt level, adjustments for certain acquisition-related charges and related tax effects.

Fiscal Year Ended
(Dollars in Millions)
April 27, 2019
April 28, 2018
Revenues
$1,073.3
$1,095.0
Net Income
$106.4
$70.5


Question: Analyse this data from a financial earnings document. What is the average net income for 2018 and 2019?
Choices:
0
589.85
88.45
-88.45
106.4
Correct choice index: 2