trismik/FinRAG huggingface dataset:
entergy arkansas , inc .
and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .
2015 compared to 2014 net income decreased $ 47.1 million primarily due to higher other operation and maintenance expenses , partially offset by higher net revenue .
net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .
following is an analysis of the change in net revenue comparing 2016 to 2015 .
amount ( in millions ) .

Amount (In Millions)
2015 net revenue
$1,362.2
Retail electric price
161.5
Other
(3.2)
2016 net revenue
$1,520.5

the retail electric price variance is primarily due to an increase in base rates , as approved by the apsc .
the new base rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .
the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 .
a significant portion of the increase is related to the purchase of power block 2 of the union power station .
see note 2 to the financial statements for further discussion of the rate case .
see note 14 to the financial statements for further discussion of the union power station purchase. .

Question: Analyse this data from a financial earnings document. what would 2016 net revenue have been if it was impacted by the same higher other operation and maintenance expenses that impacted the prior year ( in millions ) ?
Choices:
1517.5
1319.5
1315.1
1473.4
0
Correct choice index: 3
Stock Options
Stock options granted pursuant to the 2016 Incentive Plan are granted at an exercise price not less than the market value per share of the Company’s common stock on the date of grant. Under the 2016 Incentive Plan, the term of the outstanding options may not exceed ten years nor be less than one year. Vesting of options is determined by the compensation committee of the board and the administrator of the 2016 Incentive Plan and can vary based upon the individual award agreements. In addition, outstanding options do not have dividend equivalent rights associated with them under the 2016 Incentive Plan.
A summary of stock option activity is as follows:
The weighted average grant date fair value of stock options granted during the years ended December 31, 2018 and 2017, was $7.03 and $6.24, respectively. The Company did not grant stock options during the year ended December 31, 2019. The total intrinsic value of stock options exercised during the years ended December 31, 2019, 2018, and 2017, was $16.0 million, $15.8 million, and $13.4 million, respectively.

Number of Shares
Weighted Average Exercise Price ($)
Weighted Average Remaining Contractual Term (Years)
Aggregate Intrinsic Value of In-the- Money Options ($)
Outstanding, December 31, 2018
4,864,836
$17.76
Exercised
-854,524
15.78
Forfeited
-3,496
17.89
Outstanding, December 31, 2019
4,006,816
$18.18
3.71
$78,949,941
Exercisable, December 31, 2019
3,462,664
$17.86
3.70
$69,349,255


Question: Analyse this data from a financial earnings document. What is the difference in the Weighted Average Exercise Price between Exercised and Outstanding stock options in 2018?
Choices:
69349239.22
1.98
-0.42
-78949923.24
1.96
Correct choice index: 1
8. Other income, net
Other income, net consists of the following (in millions):

Year Ended
April 26, 2019
April 27, 2018
April 28, 2017
Interest income
$ 88
$ 79
$ 44
Interest expense
(58)
(62)
(52)
Other income, net
17
24
8
Other income, net
$ 47
$ 41
$ —


Question: Analyse this data from a financial earnings document. What was the change in interest expense between 2017 and 2018?
Choices:
-103
3224
-10
10
76
Correct choice index: 2
sales of unregistered securities not applicable .
repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2017 to december 31 , 2017 .
total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .

Total Number ofShares (or Units)Purchased<sup>1</sup>
Average Price Paidper Share (or Unit)<sup>2</sup>
Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs<sup>3</sup>
Maximum Number (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms<sup>3</sup>
October 1 - 31
1,231,868
$20.74
1,230,394
$214,001,430
November 1 - 30
1,723,139
$18.89
1,722,246
$181,474,975
December 1 - 31
1,295,639
$20.25
1,285,000
$155,459,545
Total
4,250,646
$19.84
4,237,640

1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
we repurchased 1474 withheld shares in october 2017 , 893 withheld shares in november 2017 and 10639 withheld shares in december 2017 , for a total of 13006 withheld shares during the three-month period .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program .
3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .
on february 14 , 2018 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .
the new authorization is in addition to any amounts remaining for repurchase under the 2017 share repurchase program .
there is no expiration date associated with the share repurchase programs. .

Question: Analyse this data from a financial earnings document. what is the monthly average of withheld shares from october to december 2017?
Choices:
4335.33333
0.00434
0.00023
789.66667
1299974.33333
Correct choice index: 0
notes to consolidated financial statements the firm permanently reinvests eligible earnings of certain foreign subsidiaries and , accordingly , does not accrue any u.s .
income taxes that would arise if such earnings were repatriated .
as of december 2012 and december 2011 , this policy resulted in an unrecognized net deferred tax liability of $ 3.75 billion and $ 3.32 billion , respectively , attributable to reinvested earnings of $ 21.69 billion and $ 20.63 billion , respectively .
unrecognized tax benefits the firm recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position .
a position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement .
a liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements .
as of december 2012 and december 2011 , the accrued liability for interest expense related to income tax matters and income tax penalties was $ 374 million and $ 233 million , respectively .
the firm recognized $ 95 million , $ 21 million and $ 28 million of interest and income tax penalties for the years ended december 2012 , december 2011 and december 2010 , respectively .
it is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to december 2012 due to potential audit settlements , however , at this time it is not possible to estimate any potential change .
the table below presents the changes in the liability for unrecognized tax benefits .
this liability is included in 201cother liabilities and accrued expenses . 201d see note 17 for further information. .

As of December
<i>in millions</i>
2012
2011
2010
Balance, beginning of year
$1,887
$2,081
$1,925
Increases based on tax positions related to the current year
190
171
171
Increases based on tax positions related to prior years
336
278
162
Decreases related to tax positions of prior years
(109)
(41)
(104)
Decreases related to settlements
(35)
(638)
(128)
Acquisitions/(dispositions)
(47)
47
56
Exchange rate fluctuations
15
(11)
(1)
Balance, end of year
$2,237
$1,887
$2,081
Related deferred income tax asset<sup>1</sup>
685
569
972
Net unrecognized tax benefit<sup>2</sup>
$1,552
$1,318
$1,109

related deferred income tax asset 1 685 569 972 net unrecognized tax benefit 2 $ 1552 $ 1318 $ 1109 1 .
included in 201cother assets . 201d see note 12 .
2 .
if recognized , the net tax benefit would reduce the firm 2019s effective income tax rate .
194 goldman sachs 2012 annual report .

Question: Analyse this data from a financial earnings document. what is the percentage change in the net unrecognized tax benefit in 2012 compare to 2011?
Choices:
234
8741.60684
0.15077
0.17754
-0.56829
Correct choice index: 3
Statements of Cash Flows
The following table summarizes our cash flow related activities (in thousands):

Years Ended December 31,
2019
2018
2017
Cash (used in) provided by:
Operating activities
$(426)
$(2,694)
$14,314
Investing activities
(251)
(6,876)
(5,142)
Financing activities
5,798
3,624
8,420
Net increase (decrease) in cash and cash equivalents
$5,121
$(5,946)
$17,592


Question: Analyse this data from a financial earnings document. What is the total cash provided by financing activities between 2017 to 2019?
Choices:
18844
3476
15220
17842
9422
Correct choice index: 3
Available Liquidity
The following table sets forth our available liquidity for the periods indicated (in thousands):
The decrease in total liquidity is primarily attributable to $239.0 million of outstanding revolving credit facility borrowings and $48.0 million of payments to purchase property and equipment and software and distribution rights, partially offset by positive operating cash flows.
The Company and Official Payments Corporation, a wholly owned subsidiary, maintain a $140.0 million uncommitted overdraft facility with Bank of America, N.A. The overdraft facility acts as a secured loan under the terms of the Credit Agreement to provide an additional funding mechanism for timing differences that can occur in the bill payment settlement process. As of December 31, 2019, $138.5 million was available.
Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. As of December 31, 2019, we had $121.4 million in cash and cash equivalents, of which $49.2 million was held by our foreign subsidiaries. If these funds were needed for our operations in the U.S., we may potentially be required to pay foreign and U.S. state income taxes to repatriate these funds. As of December 31, 2019, only the earnings in our Indian foreign subsidiaries are indefinitely reinvested. The earnings of all other foreign entities are no longer indefinitely reinvested. We are also permanently reinvested for outside book/tax basis differences related to foreign subsidiaries. These outside basis differences could reverse through sales of the foreign subsidiaries, as well as various other events, none of which are considered probable as of December 31, 2019.

December 31,
2019
2018
Cash and cash equivalents
$121,398
$148,502
Availability under revolving credit facility
261,000
500,000
Total liquidity
$382,398
$648,502


Question: Analyse this data from a financial earnings document. What was the change in total liquidity between 2018 and 2019?
Choices:
2
-121398
266104
266104000
648453
Correct choice index: 2
7. Property, Plant and Equipment and Leases
Property, plant and equipment at April 30, 2019 and 2018, consisted of the following (in thousands):
Depreciation and amortization expense for the years ended April 30, 2019 and 2018 was $2,802,000 and $2,484,000, respectively.
Maintenance and repairs charged to operations for the years ended April 30, 2019 and 2018 was approximately $309,000 and $466,000, respectively.
The Company leases its Long Island, New York headquarters building. On July 25, 2018, the Company signed an amendment to the lease which extends the current lease terms ten years and eight months through September 30, 2029. Pursuant to the amendment to the lease agreement, the annual rent will increase from $1,046,810 in 2019 to $1,276,056 in 2029. Under the terms of the lease, the Company is required to pay its proportionate share of real estate taxes, insurance and other charges.
In addition, the Company’s subsidiaries in New Jersey and California lease their office and manufacturing facilities. On February 1, 2018, FEI-Elcom entered into a new lease agreement in New Jersey for office and manufacturing space encompassing approximately 9,000 square feet. The monthly rent is $9,673 through the end of the lease which expires in January 31, 2021. FEI-Zyfer has signed a second amendment to its lease in California, which extends the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025. The average annual rent over the period of the amendment is approximately $312,000. FEI-Zyfer leases office and manufacturing space encompassing 27,850 square feet.
Rent expense under operating leases for the years ended April 30, 2019 and 2018 was approximately $1.2 million and $1.7 million, respectively. The Company records rent expense on its New York building and FEI-Zyfer facility on the straight-line method over the lives of the respective leases. As a result, as of April 30, 2019 and 2018, the Company’s Consolidated Balance Sheet included deferred rent payable of approximately $236,000 and $110,000, respectively, which will be recognized over the respective rental periods.

2019
2018
Buildings and building improvements
$2,692
$2,790
Machinery, equipment and furniture
57,157
57,503
59,849
60,293
Less, accumulated depreciation
(46,811 )
(46,166)
$13,038
$ 14,127


Question: Analyse this data from a financial earnings document. What is the average value of buildings and building improvements in 2018 and 2019?
Choices:
5895
783
2741
2790
-2741
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 life as at December 31, 2017?
Choices:
3.06
5.5
-0.25
2750000
2.75
Correct choice index: 4
Revenue
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):
Amounts may not sum and percentages may not recalculate due to rounding.
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.
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.

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%


Question: Analyse this data from a financial earnings document. What was the change for revenue from EMEA between 2017 and 2018?
Choices:
-421
24429
421
0
421000000
Correct choice index: 2
NOTE 23. EXPENSES BY NATURE
Research and development consists of the following:
The impairment expenses in 2018 and 2019 are related to customer specific projects.
The Company’s operations in the Netherlands, Belgium and the United States receive research and development grants and credits from various sources.

Year ended December 31,
2018
2019
Research and development expenses
125,280
150,745
Capitalization of development expenses
(49,688)
(60,202)
Amortization of capitalized development expenses
12,039
15,597
Research and development grants and credits
(321)
(49)
Total research and development expenses
87,310
106,091
Impairment of research and development related assets
1,278
4,755
Total
88,588
110,846


Question: Analyse this data from a financial earnings document. What is the change in total Research and development expenses?
Choices:
-17503
199434
0
22258000000
22258
Correct choice index: 4
Dividends and Share Repurchases
Following is a summary of the dividends and share repurchases for the fiscal years ended August 31, 2019, 2018, 2017 and 2016 (in thousands):
(1) The difference between dividends declared and dividends paid is due to dividend equivalents for unvested restricted stock units that are paid at the time the awards vest.
(2) Excludes commissions.
We currently expect to continue to declare and pay regular quarterly dividends of an amount similar to our past declarations. However, the declaration and payment of future dividends are discretionary and will be subject to determination by our Board each quarter following its review of our financial performance.
In June 2018, the Board authorized the repurchase of up to $350.0 million of our common stock. As of August 31, 2019, the total amount authorized by the Board of Directors had been repurchased.
In September 2019, the Board authorized the repurchase of up to $600.0 million of our common stock as part of a two-year capital allocation framework. From September 24, 2019 through October 14, 2019, we repurchased 874,475 shares, utilizing a total of $30.8 million of the $600.0 million authorized by the Board.

Dividends Paid(1)
Share Repurchases(2)
Total
Fiscal year 2016
$62,436
$148,185
$210,621
Fiscal year 2017
$59,959
$306,397
$366,356
Fiscal year 2018
$57,833
$450,000
$507,833
Fiscal year 2019
$52,004
$350,000
$402,004
Total
$232,232
$1,254,582
$1,486,814


Question: Analyse this data from a financial earnings document. What was the change in share repurchases between 2016 and 2017?
Choices:
454582
158212
-85749
-148187
0
Correct choice index: 1
Impairment test for goodwill
Goodwill is allocated to the appropriate cash-generating unit (‘CGU’) based on the smallest identifiable group of assets that generates cash inflows independently in relation to the specific goodwill. The recoverable amount of the CGU is determined from value-in-use calculations that use cash flow projections from the latest three-year plan. The carrying value of CGUs is the sum of goodwill, property, plant and equipment and intangibles and is as follows:

2019
(Restated) 2018
£m
£m
Digital
327.6
342.6
Webzone
6.6
6.9
Total
334.2
349.5


Question: Analyse this data from a financial earnings document. What was the percentage change in Webzone in 2019 from 2018?
Choices:
-2300
-100.04
-0.09
-4.35
-4652.17
Correct choice index: 3