trismik/FinRAG huggingface dataset:
Cash flow measures and capital additions
In presenting and discussing our reported results, free cash flow (pre-spectrum), free cash flow, capital additions and operating free cash flow are calculated and presented even though these measures are not recognised within IFRS. We believe that it is both useful and necessary to communicate free cash flow to investors and other interested parties, for the following reasons:
Free cash flow (pre-spectrum) and free cash flow allows us and external parties to evaluate our liquidity and the cash generated by our operations. Free cash flow (pre-spectrum) and capital additions do not include payments for licences and spectrum included within intangible assets, items determined independently of the ongoing business, such as the level of dividends, and items which are deemed discretionary, such as cash flows relating to acquisitions and disposals or financing activities. In addition, it does not necessarily reflect the amounts which we have an obligation to incur. However, it does reflect the cash available for such discretionary activities, to strengthen the consolidated statement of financial position or to provide returns to shareholders in the form of dividends or share purchases;
– Free cash flow facilitates comparability of results with other companies, although our measure of free cash flow may not be directly comparable to similarly titled measures used by other companies;
– These measures are used by management for planning, reporting and incentive purposes; and
These measures are useful in connection with discussion with the investment analyst community and debt rating agencies.
A reconciliation of cash generated by operations, the closest equivalent GAAP measure, to operating free cash flow and free cash flow, is provided below.

2019
2018
2017
€m
€m
€m
Cash generated by operations (refer to note 18)
14,182
13,860
13,781
Capital additions
(7,227)
(7,321)
(7,675)
Working capital movement in respect of capital additions
(89)
171
(822)
Disposal of property, plant and equipment
45
41
43
Restructuring payments
195
250
266
Other
(35)
–
34
Operating free cash flow
7,071
7,001
5,627
Taxation
(1,040)
(1,010)
(761)
Dividends received from associates and investments
498
489
433
Dividends paid to non-controlling shareholders in subsidiaries
(584)
(310)
(413)
Interest received and paid
(502)
(753)
(830)
Free cash flow (pre-spectrum)
5,443
5,417
4,056
Licence and spectrum payments
(837)
(1,123)
(474)
Restructuring payments
(195)
(250)
(266)
Free cash flow
4,411
4,044
3,316


Question: Analyse this data from a financial earnings document. What is the 2018 average free cash flow?
Choices:
1
180
3680
2
409
Correct choice index: 2
Deferred Revenues
Deferred revenues consist primarily of prepayments for license fees, and other products or services for which we have been paid in advance, and earn the revenue when we transfer control of the product or service. Deferred revenues may also include upfront payments for consulting services to be performed in the future, such as non-recurring engineering services.
We defer license fees until we have met all accounting requirements for revenue recognition, which is when a license is made available to a customer and that customer has a right to use the license. Engineering development fee revenues are deferred until engineering services have been completed and accepted by our customers. We defer AirBar and sensor modules revenues until distributors sell the products to their end customers
Under U.S. GAAP, companies may make reasonable aggregations and approximations of returns data to accurately estimate returns. Our AirBar and sensor module returns and warranty experience to date has enabled us to make reasonable returns estimates, which are supported by the fact that our product sales involve homogenous transactions. The reserve for future sales returns is recorded as a reduction of our accounts receivable and revenue and was insignificant as of December 31, 2019 and 2018.
The following table presents our deferred revenues by source (in thousands);

Years ended December 31,
2019
2018
Deferred license fees revenues
$28
$-
Deferred NRE revenues
20
-
Deferred AirBar revenues
6
59
Deferred sensor modules revenues
13
16
$67
$75


Question: Analyse this data from a financial earnings document. What are the total deferred revenues for both 2018 and 2019?
Choices:
142
73
95
-8
134
Correct choice index: 0
Commitments and Significant Contractual Obligations
The following table summarizes our contractual obligations and commercial commitments at December 27, 2019:
(1) Interest on our various outstanding debt instruments is included in the above table, except for our Term Loan and ABL, which have floating interest rates. At December 27, 2019, we had borrowings of $238.1 million under our Term Loan and zero under our ABL. During the fiscal year ended December 27, 2019, the weighted average interest rate on our Term Loan was approximately 5.8% and we incurred interest expense of approximately $13.9 million. During the fiscal year ended December 27, 2019, the weighted average interest rate on our ABL borrowings was approximately 3.7% and we incurred interest expense of approximately $1.6 million. See Note 9 “Debt Obligations” to our consolidated financial statements for further information on our debt instruments.
(2) The table above excludes cash to be paid for income taxes, $14.7 million of total contingent earn-out liabilities related to certain acquisitions as of December 27, 2019 and approximately $5.3 million of lease payments related to long-term leases for several vehicles and a distribution and processing facility that do not commence until fiscal 2020.
We had outstanding letters of credit of approximately $16.6 million and $15.8 million at December 27, 2019 and December 28, 2018, respectively. Substantially all of our assets are pledged as collateral to secure our borrowings under our credit facilities.

Payments Due by Period (1, 2)
Total 
Less than One Year
1-3 Years
4-5 Years
Thereafter
(In thousands)
Inventory purchase commitments
$53,413
$53,413
$—
$—
$—
Indebtedness
$406,644
$2,993
$244,151
$159,500
$—
Finance lease obligations 
$4,597
$880
$1,715
$1,392
$610
Pension exit liabilities 
$2,169
$149
$329
$375
$1,316
Long-term operating leases 
$197,359
$25,662
$43,130
$30,080
$98,487
Total 
$664,182
$83,097
$289,325
$191,347
$100,413


Question: Analyse this data from a financial earnings document. What is the difference in the total Indebtedness and total Inventory purchase commitments for all periods?
Choices:
-353231
0
353231
406644
-53409
Correct choice index: 2
entergy new orleans , inc .
management's financial discussion and analysis entergy new orleans' receivables from the money pool were as follows as of december 31 for each of the following years: .

2004
2003
2002
2001
(In Thousands)
$1,413
$1,783
$3,500
$9,208

money pool activity provided $ 0.4 million of entergy new orleans' operating cash flow in 2004 , provided $ 1.7 million in 2003 , and provided $ 5.7 million in 2002 .
see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .
investing activities net cash used in investing activities decreased $ 15.5 million in 2004 primarily due to capital expenditures related to a turbine inspection project at a fossil plant in 2003 and decreased customer service spending .
net cash used in investing activities increased $ 23.2 million in 2003 compared to 2002 primarily due to the maturity of $ 14.9 million of other temporary investments in 2002 and increased construction expenditures due to increased customer service spending .
financing activities net cash used in financing activities increased $ 7.0 million in 2004 primarily due to the costs and expenses related to refinancing $ 75 million of long-term debt in 2004 and an increase of $ 2.2 million in common stock dividends paid .
net cash used in financing activities increased $ 1.5 million in 2003 primarily due to additional common stock dividends paid of $ 2.2 million .
in july 2003 , entergy new orleans issued $ 30 million of 3.875% ( 3.875 % ) series first mortgage bonds due august 2008 and $ 70 million of 5.25% ( 5.25 % ) series first mortgage bonds due august 2013 .
the proceeds from these issuances were used to redeem , prior to maturity , $ 30 million of 7% ( 7 % ) series first mortgage bonds due july 2008 , $ 40 million of 8% ( 8 % ) series bonds due march 2006 , and $ 30 million of 6.65% ( 6.65 % ) series first mortgage bonds due march 2004 .
the issuances and redemptions are not shown on the cash flow statement because the proceeds from the issuances were placed in a trust for use in the redemptions and never held as cash by entergy new orleans .
see note 5 to the domestic utility companies and system energy financial statements for details on long- term debt .
uses of capital entergy new orleans requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. .

Question: Analyse this data from a financial earnings document. what is the annual interest expense related to the series first mortgage bonds due august 2008 , in millions?
Choices:
1.1625
0.0116
31.1625
900
0.1502
Correct choice index: 0
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS
For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities.
The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset
Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows:
(a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.

Estimated Fair Value Measurements
Recurring Fair Value Measurements
Level 1
Level 2
Level 3
Total Fair Value
June 30, 2019
Financial Assets:
Money market funds
$81,945
$—
$—
$81,945
June 30, 2018
Financial Assets:
Money market funds
$14,918
$—
$—
$14,918
Non-Recurring Fair Value Measurements
June 30, 2019
Long-lived assets held for sale
$—
$1,300
$—
$1,300
June 30, 2018
Long-lived assets held for sale (a)
$—
$1,300
$—
$1,300


Question: Analyse this data from a financial earnings document. What is the change in total fair value of long-lived assets held for sale between 2018 and 2019?
Choices:
940
1300
0
1298
2600
Correct choice index: 2
management 2019s discussion and analysis 74 jpmorgan chase & co./2017 annual report treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan .
the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities .
treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio .
treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives .
for further information on derivatives , see note 5 .
the investment securities portfolio primarily consists of agency and nonagency mortgage- backed securities , u.s .
and non-u.s .
government securities , obligations of u.s .
states and municipalities , other abs and corporate debt securities .
at december 31 , 2017 , the investment securities portfolio was $ 248.0 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) .
see note 10 for further information on the details of the firm 2019s investment securities portfolio .
for further information on liquidity and funding risk , see liquidity risk management on pages 92 201397 .
for information on interest rate , foreign exchange and other risks , see market risk management on pages 121-128 .
selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2017 2016 2015 .

As of or for the year ended December 31, (in millions)
2017
2016
2015
Securities gains/(losses)
$(78)
$132
$190
AFS investment securities (average)
219,345
226,892
264,758
HTM investment securities (average)
47,927
51,358
50,044
Investment securities portfolio (average)
267,272
278,250
314,802
AFS investment securities (period-end)
200,247
236,670
238,704
HTM investment securities (period-end)
47,733
50,168
49,073
Investment securities portfolio (period–end)
247,980
286,838
287,777

afs investment securities ( average ) 219345 226892 264758 htm investment securities ( average ) 47927 51358 50044 investment securities portfolio ( average ) 267272 278250 314802 afs investment securities ( period-end ) 200247 236670 238704 htm investment securities ( period-end ) 47733 50168 49073 investment securities portfolio ( period 2013end ) 247980 286838 287777 .

Question: Analyse this data from a financial earnings document. in 2017 what was the ratio of the afs investment securities at period-end to the average
Choices:
758.51136
0.91293
1
-73.08707
-0.91293
Correct choice index: 1
Amortization of Purchased Intangible Assets
The following table presents the amortization of purchased intangible assets (in millions):
The decrease in amortization of purchased intangible assets was due largely to the purchased intangible assets related to the divestiture of SPVSS business on October 28, 2018, partially offset by amortization from our recent acquisitions.

Years Ended
July 27, 2019
July 28, 2018
July 29, 2017
Amortization of purchased intangible assets:
Cost of sales
$624
$640
$556
Operating expenses
Amortization of purchased intangible assets
150
221
259
Restructuring and other charges
—
—
38
Total
$774
$861
$853


Question: Analyse this data from a financial earnings document. What was the change in cost of sales between 2017 and 2018?
Choices:
84000
16
1196
381
84
Correct choice index: 4
Stock Compensation Expense
The following table shows total stock-based compensation expense and related tax benefits included in the Consolidated Statements of Operations for fiscal 2019, 2018 and 2017 (in thousands):
As a result of our acquisition of Rofin on November 7, 2016, we made a payment of $15.3 million due to the cancellation of options held by employees of Rofin. The payment was allocated between total estimated merger consideration of $11.1 million and post-merger stock-based compensation expense of $4.2 million, recorded in the first quarter of fiscal 2017, based on the portion of the total service period of the underlying options that have not been completed by the merger date.
During fiscal 2019, $4.8 million of stock-based compensation cost was capitalized as part of inventory for all stock plans, $4.8 million was amortized into cost of sales and $1.5 million remained in inventory at September 28, 2019. During fiscal 2018, $4.7 million of stock-based compensation cost was capitalized as part of inventory for all stock plans, $4.4 million was amortized into cost of sales and $1.5 million remained in inventory at September 29, 2018.
At fiscal 2019 year-end, the total compensation cost related to unvested stock-based awards granted to employees under our stock plans but not yet recognized was approximately $33.1 million. We do not estimate forfeitures. This cost will be amortized on a straight-line basis over a weighted-average period of approximately 1.5 years.

Fiscal
2019
2018
2017
Cost of sales
$4,880
$4,403
$3,541
Research and development
2,990
3,247
2,973
Selling, general and administrative
28,596
25,088
23,911
Income tax benefit
(4,946)
(5,073)
(7,073)
$31,520
$27,665
$23,352


Question: Analyse this data from a financial earnings document. What was the change in  Research and development in 2019 from 2018?
Choices:
-274
0
-3
-257
2988
Correct choice index: 3
Total Expense and Other (Income)
* 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
The following Red Hat-related expenses were included in 2019 total consolidated expense and other (income), with no corresponding expense in the prior-year: Red Hat operational spending, interest expense from debt issuances to fund the acquisition and other acquisition-related activity, including: amortization of acquired intangible assets, retention and legal and advisory fees associated with the transaction.
Total expense and other (income) increased 2.8 percent in 2019 versus the prior year primarily driven by higher spending including Red Hat operational spending and investments in software and systems innovation, higher interest expense, non-operating acquisition-related activity associated with the Red Hat transaction and lower IP income, partially offset by lower non-operating retirement-related costs, divesture-related activity (gains on divestitures and lower spending) and the effects of currency. Total operating (non-GAAP) expense and other (income) increased 4.1 percent year to year, driven primarily by the factors above excluding the higher non-operating acquisition related activity and lower non-operating retirement-related costs described above.

($ in millions)
For the year ended December 31:
2019
2018
Yr.-to-Yr. Percent/ Margin Change*
Total consolidated expense and other (income)
$26,322
$25,594
2.8%
Non-operating adjustments
Amortization of acquired intangible assets
(764)
(437)
74.8
Acquisition-related charges
(409)
(16)
NM
Non-operating retirement related (costs)/income
(615)
(1,572)
(60.9)
Operating (non-GAAP) expense and other (income)
$24,533
$23,569
4.1%
Total consolidated expense-to-revenue ratio
34.1%
32.2%
2.0 pts.
Operating (non-GAAP) expense-to-revenue ratio
31.8%
29.6%
2.2 pts.


Question: Analyse this data from a financial earnings document. What is the average of Total consolidated expense and other (income)?
Choices:
51916
12956
0
161230
25958
Correct choice index: 4
page 78 of 98 notes to consolidated financial statements ball corporation and subsidiaries 17 .
financial instruments and risk management ( continued ) at december 31 , 2006 , the company had outstanding interest rate swap agreements in europe with notional amounts of 20ac135 million paying fixed rates .
approximately $ 4 million of net gain associated with these contracts is included in accumulated other comprehensive loss at december 31 , 2006 , of which $ 0.8 million is expected to be recognized in the consolidated statement of earnings during 2007 .
approximately $ 1.1 million of net gain related to the termination or deselection of hedges is included in accumulated other comprehensive loss at december 31 , 2006 .
the amount recognized in 2006 earnings related to terminated hedges was insignificant .
the fair value of all non-derivative financial instruments approximates their carrying amounts with the exception of long-term debt .
rates currently available to the company for loans with similar terms and maturities are used to estimate the fair value of long-term debt based on discounted cash flows .
the fair value of derivatives generally reflects the estimated amounts that we would pay or receive upon termination of the contracts at december 31 , 2006 , taking into account any unrealized gains and losses on open contracts. .

2006
2005
($ in millions)
CarryingAmount
FairValue
CarryingAmount
Fair Value
Long-term debt, including current portion
$2,311.6
$2,314.1
$1,482.9
$1,496.6
Unrealized gain (loss) on derivative contracts
–
3.7
–
(0.1)

foreign currency exchange rate risk our objective in managing exposure to foreign currency fluctuations is to protect foreign cash flows and earnings from changes associated with foreign currency exchange rate changes through the use of cash flow hedges .
in addition , we manage foreign earnings translation volatility through the use of foreign currency options .
our foreign currency translation risk results from the european euro , british pound , canadian dollar , polish zloty , serbian dinar , brazilian real , argentine peso and chinese renminbi .
we face currency exposures in our global operations as a result of purchasing raw materials in u.s .
dollars and , to a lesser extent , in other currencies .
sales contracts are negotiated with customers to reflect cost changes and , where there is not a foreign exchange pass-through arrangement , the company uses forward and option contracts to manage foreign currency exposures .
such contracts outstanding at december 31 , 2006 , expire within four years and there are no amounts included in accumulated other comprehensive loss related to these contracts. .

Question: Analyse this data from a financial earnings document. approximately what percent of the net gain on hedging in aoci at 12/31/06 is expected to impact net income during 2007?
Choices:
1
5
0.2
577.9
-0.2
Correct choice index: 2
3. MARKETABLE SECURITIES
As of December 31, 2019, the Company did not hold any marketable securities.

December 31, 2018
(in thousands)
Amortized Cost
Unrealized Gains
Unrealized Losses
Fair Value
Municipal bonds
$44,802
$13
$(110)
$44,705
Corporate bonds
48,499
23
(226)
48,296
$93,301
$36
$(336)
$93,001


Question: Analyse this data from a financial earnings document. What is the value of the amortized costs of  the corporate bonds as a percentage of the total amortized cost?
Choices:
452500519900
18.71
51.98
51.76
192.38
Correct choice index: 2