trismik/FinRAG huggingface dataset:
OPERATING EXPENSES
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued
operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 operating expenses increased by 7.3% (5.4% in constant currency) mainly from:
• growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in operating expenses for only an eight-month period in the prior year combined with higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition; and
• additional costs in Inter-segment eliminations and other resulting from the timing of corporate projects and initiatives; partly offset by
• lower operating expenses in the Canadian broadband services segment mainly attributable to lower programming costs resulting from a lower level of primary service units and lower compensation expenses resulting from an operational optimization program implemented in the first half of fiscal 2019, partly offset by higher marketing initiatives, additional headcount costs in the first quarter of fiscal 2019 to support the stabilization phase of the new customer management system as well as retroactive costs related to higher rates than expected established by the Copyright Board of Canada.
For further details on the Corporation’s operating expenses, please refer to the "Segmented operating and financial results" section.

Years ended August 31,
2019 (1)
2018 (2)
Change
Change in constant currency (3)
Foreign exchange impact (3)
(in thousands of dollars, except percentages)
$
$
%
%
$
Canadian broadband services
606,286
618,886
(2.0)
(2.2)
1,102
American broadband services
571,208
478,172
19.5
15.2
20,522
Inter-segment eliminations and other
26,486
24,567
7.8
7.8
12
1,203,980
1,121,625
7.3
5.4
21,636


Question: Analyse this data from a financial earnings document. What was the increase / (decrease) in the Inter-segment eliminations and other from 2018 to 2019?
Choices:
47144073
51053
0
-24566
1919
Correct choice index: 4
Overview of 2019
Total revenues for 2019 were $36.0 million, a decrease of $75.0 million, or 68%, versus 2018. The decrease was primarily driven by the $70.9 million decrease in fixed fee license revenue and the $4.0 million decrease in per-unit royalty revenue.
For 2019, we had a net loss of $20.0 million as compared to $54.3 million of net income for 2018. The $74.4 million decrease in net income was mainly related to the $75.0 million decrease in total revenue partially offset by a $0.5 million decrease in cost and operating expenses for 2019 compared to 2018.
We adopted ASC 606, effective January 1, 2018. Consistent with the modified retrospective transaction method, our results of operations for periods prior to the adoption of ASC 606 remain unchanged. As a result, the change in total revenues from 2018 to 2019 included a component of accounting policy change arising from the adoption of ASC 606.
The following table sets forth our consolidated statements of income data as a percentage of total revenues:

Years Ended December 31,
2019
2018
2017
Revenues:     
Fixed fee license revenue
35.1 % 
75.3 % 
36.0 %
Per-unit royalty revenue
64.0
24.3
61.4
Total royalty and license revenue
99.1
99.6
97.4
Development, services, and other
0.9
0.4
2.6
Total revenues
100.0
100.0
100.0
Costs and expenses:
Cost of revenues
0.5
0.2
0.6
Sales and marketing
17.9
5.5
38.6
Research and development
21.8
8.8
33.6
General and administrative
119.4
37.7
152.4
Restructuring costs
—
—
4.6
Total costs and expenses
159.6
52.2
229.8
Operating income (loss)
(59.6)
47.8
(129.8)
Interest and other income
5.0
1.7
1.0
Other expense
0.2
(0.2)
0.9
Income (loss) before provision for income taxes
(54.4)
49.3
(127.9)
Provision for income taxes
(1.3)
(0.4)
(1.4)
Net income (loss)
(55.7)%
48.9 %
(129.3)%


Question: Analyse this data from a financial earnings document. What is the average Fixed fee license revenue for 2018 and 2019?
Choices:
320.6
1
55200000
0.2
55.2
Correct choice index: 4
8. Earnings Per Share
Certain share-based payment awards entitling holders to receive non-forfeitable dividends before vesting are considered participating securities and thus included in the calculation of basic earnings per share, to the extent they are dilutive. These awards are included in the calculation of basic earnings per share under the two-class method. The two-class method allocates earnings for the period between common shareholders and other security holders. The participating awards receiving dividends are allocated the same amount of income as if they were outstanding shares.
The following table presents earnings per share (in thousands).

For the years ended 
October 31, 2019
October 31, 2018  
October 31, 2017
Net income 
$53,294
$61,431
$279,745
Distributed and undistributed (earnings) to unvested restricted
(778)
(878)
(4,285)
Distributed and undistributed earnings to common shareholders -- Basic
52,516
60,553
275,460
Weighted average shares outstanding — Basic 
21,829
22,429
22,393
Weighted average shares outstanding — Diluted 
21,829
22,429
22,393
Earnings per common share — Basic 
$2.41
$2.70
$12.30
Earnings per common share — Diluted 
$2.41
$2.70
$12.30


Question: Analyse this data from a financial earnings document. What is the change in net income between fiscal years 2019 and 2018?
Choices:
-7259
-62309
0
114725
-8137
Correct choice index: 4
Operating Leases and Other Contractual Commitments
VMware leases office facilities and equipment under various operating arrangements. VMware’s minimum future lease commitments and other contractual commitments at January 31, 2020 were as follows (table in millions):
(1) Amounts in the table above exclude legally binding minimum lease payments for leases signed but not yet commenced of $361 million, as well as expected sublease income.
The amount of the future lease commitments after fiscal 2025 is primarily for the ground leases on VMware’s Palo Alto, California headquarter facilities, which expire in fiscal 2047. As several of VMware’s operating leases are payable in foreign currencies, the operating lease payments may fluctuate in response to changes in the exchange rate between the U.S. dollar and the foreign currencies in which the commitments are payable.

Future Lease Commitments(1)
Purchase Obligations
Asset Retirement Obligations
Total
2021
$144
$168
$1
$313
2022
141
74
3
218
2023
127
13
2
142
2024
101
—
—
101
2025
77
—
2
79
Thereafter
612
—
5
617
Total
$1,202
$255
$13
$1,470


Question: Analyse this data from a financial earnings document. What was the change in future lease commitments between 2021 and 2022?
Choices:
-300
473
169
-3
140
Correct choice index: 3
7. ACCRUED LIABILITIES
Other accrued expenses consisted of the following at December 31, 2019 and 2018 (in thousands):
Advances are amounts received from litigation counsel as advanced reimbursement of out-of-pocket expenses expected to be incurred by us. Board compensation of $0.4 million at December 31, 2019 and 2018 represents accrued and unpaid board and committee fees from prior periods. In the first quarter of 2020, current and prior board members agreed to waive unpaid cash fees in exchange for share-based compensation awards with an aggregate grant-date fair value of approximately $0.1 million (see Note 18).

2019
2018
Advances
500
-
Board compensation
413
413
Other accrued expenses
168
150
$1,081
$563


Question: Analyse this data from a financial earnings document. What is the total amount of the top 2 categories of accrued liabilities in 2019?
Choices:
1000
206500
913
0
500
Correct choice index: 2
Trade and Other Receivables
Unbilled revenues represent amounts not yet billed to merchants related to subscription fees for Plus merchants, transaction fees and shipping charges, as at the Consolidated Balance Sheet date.
Expressed in US $000's except share and per share amounts

December 31, 2019
December 31, 2018
January 1, 2018
$
$
$
Indirect taxes receivable
36,821
3,774
832
Unbilled revenues
31,629
12,653
7,616
Trade receivables
9,660
11,191
7,073
Accrued interest
5,754
5,109
2,015
Other receivables
6,665
8,620
4,403
90,529
41,347
21,939


Question: Analyse this data from a financial earnings document. What is the average trade receivables for 2018 and 2019?
Choices:
5596
10425.5
-10425.5
0.4
9660
Correct choice index: 1
The following table details the Company’s sales by operating segment for fiscal years ended September 30, 2019 and 2018. The Company’s sales by geographic area based on the location of where the products were shipped or services rendered are as follows:
Substantially all Americas amounts are United States.

2019
Americas
Europe
Asia
Total
% of total
(Amounts in thousands)
TS
$67,728
$3,285
$646
$71,159
90%
HPP
5,294
771
1,837
7,902
10%
Total
$72,522
$4,056
$2,483
$79,061
100%
% of total
92%
5%
3%
100%
2018
TS
$52,034
$9,059
$1,344
$62,437
86%
HPP
8,424
1,266
789
10,479
14%
Total
$60,458
$10,325
$2,133
$72,916
100%
% of total
83%
14%
3%
100%


Question: Analyse this data from a financial earnings document. What is the difference in total sales between 2018 and 2019?
Choices:
79061
151977
6539
6145
6145000
Correct choice index: 3
Grants of Plan-Based Awards
The following table sets forth the estimated possible payouts under the cash incentive awards granted to our Named
Executive Officers in respect of 2019 performance under the 2019 NEO Plan.
(1) Amounts presented assume payment of threshold, target and maximum awards at the applicable level.

Name
Grant Date
Estimated Future Payouts Under Non-Equity Incentive Plan Awards (1)
All Other Stock Awards: Number of Shares of Stock or  Units (#)
All Other Option Awards: Number of Securities Underlying Options (#)
Exercise or Base Price of Option Awards ($/Sh)
Grant Date Fair Value of Stock and Option Awards
Threshold ($)
Target ($)
Maximum ($)
Barry Litwin
-
100,238
1,113,750
1,237,500
Thomas Clark
-
5,062
225,000
337,500
Robert Dooley
-
13,837
615,000
922,500
Eric Lerner
-
6,773
300,900
451,350
Manoj Shetty
-
5,435
241,535
362,303
Lawrence Reinhold
N/A
N/A
N/A
N/A


Question: Analyse this data from a financial earnings document. What is the difference between Manoj Shetty's estimated maximum and target payouts in the future under the 2019 NEO Plan?
Choices:
355530
0
120768
1116732
-560197
Correct choice index: 2
The 2022 Notes consist of the following (in thousands):
(1) Recorded in the consolidated balance sheet within additional paid-in capital, net of $0.8 million transaction costs in equity. December 31, 2019 also includes $36.7 million market premium representing the excess of the total consideration delivered over the fair value of the liability recognized related to the $23.0 million principal balance repurchase of the 2022 Notes.

As of December 31,
2019
2018
Liability component:
Principal
$92,000
$115,000
Less: debt discount, net of amortization
(12,776)
(20,903)
Net carrying amount
$79,224
$94,097
Equity component (1)
(14,555)
22,094


Question: Analyse this data from a financial earnings document. What is the change in Principal from December 31, 2019 to December 31, 2018?
Choices:
-2116000000
-23
-23000
-129555
207000
Correct choice index: 2
Charges made to the consolidated income statement and consolidated statement of comprehensive income (‘SOCI’) on the basis of the assumptions stated above are:
Note: 1 Following a High Court judgement on 21 October 2018 which concluded that defined benefit schemes should equalise pension benefits for men and women in relation to guaranteed minimum pension (‘GMP’) benefits the Group has recorded a pre-tax past service cost of €16 million (£14 million) in the year ended 31 March 2019.

2019 €m
2018 €m
2017 €m
Current service cost
31
34
43
Past service costs1
16
2
(27)
Net interest charge
10
8
4
Total included within staff costs
57
44
20
Actuarial losses recognised in the SOCI
33
94
274


Question: Analyse this data from a financial earnings document. What is the change between 2018 and 2019 average actuarial losses recognised in the SOCI?
Choices:
-120.5
-247.5
-210.5
-95.5
-120
Correct choice index: 0
Long-term employee benefit obligations
The obligation comprises an obligation under the incentive programs to deliver Restricted Share Units in TORM plc at a determinable price to the entity's key personnel. The RSUs granted entitle the holder to acquire one TORM A-share.
The program was established during the year and comprises the following number of shares in TORM plc:
In 2017, the Board agreed to grant a total of 866.6 RSUs to other management. The RSUs to other management were subject to a three-year vesting period, with one third of the grant amount vesting at each anniversary date beginning on 1 January, 2018. The exercise price of each vested RSU is following certain adjustments for dividends at DKK 93.6 and an exercise period of six months.
In 2018, the Board agreed to grant a total of 944,468 RSU’s to other management. The vesting period of the program is three years for key employees and three years for the Executive Director. The exercise price is set to DKK 53.7. The exercise period is 12 months after the vesting date for key employees and 12 months after the vesting date for the Executive Director. The fair value of the options granted in 2018 was determined using the Black-Scholes model and is not material. The average remaining contractual life for the restricted shares as per 31 December 2018 is 1.1 years (2017: 1.3 years).
In 2019, the Board agreed to grant a total of 1,001,100 RSUs to other management. The vesting period of the program is three years for key employees. The exercise price is set to DKK 53.7. The exercise period is 12 months after the vesting date. The fair value of the options granted in 2019 was determined using the Black-Scholes model and is not material. The average remaining contractual life for the restricted shares as per 31 December 2019 is 1.5 years.

Number of shares (1,000)
2019
2018
2017
Outstanding as of 1 January
2,719.1
2,611.2
1,999.8
Granted during the period
1,001.1
907.3
866.6
Exercised during the period
-529.4
-
-
Expired during the period
-785.3
-764.0
-233.9
Forfeited during the period
-177.2
-35.4
-21.3
Outstanding as of 31 December
2,228.3
2,719.1
2,611.2
Exercisable as of 31 December
-
255.3
255.3


Question: Analyse this data from a financial earnings document. What was the change in the number of shares granted in 2019 from 2018?
Choices:
81287.1
1000.1
0.9
93.8
1092.5
Correct choice index: 3
Industry Overview
According to WSTS (an industry research firm), worldwide semiconductor industry sales were $412.1 billion in 2019, a decrease of approximately 12.1% from $468.8 billion in 2018. We participate in unit and revenue surveys and use data summarized by WSTS to evaluate overall semiconductor market trends and to track our progress against the market in the areas we provide semiconductor components. The following table sets forth total worldwide semiconductor industry revenue since 2015:
(1) Based on shipment information published by WSTS. We believe the data provided by WSTS is reliable, but we have not independently verified it. WSTS periodically revises its information. We assume no obligation to update such information.
As indicated above, worldwide semiconductor sales increased from $335.2 billion in 2015 to $412.1 billion in 2019. The decrease of 12.1% from 2018 to 2019 was the result of decreased demand for semiconductor products. Our revenue decreased by $360.4 million, or 6.1%, from 2018 to 2019.

Year Ended December 31,
Worldwide Semiconductor Industry Sales (1)
Percentage Change
(in billions)
2019
$412.1
(12.1)%
2018
$468.8
13.7%
2017
$412.2
21.6%
2016
$338.9
1.1%
2015
$335.2
(0.2)%


Question: Analyse this data from a financial earnings document. What is the change in Worldwide Semiconductor Industry Sales from Year Ended December 31, 2018 to 2019?
Choices:
468.8
-56.6
-0.1
-56.7
413.1
Correct choice index: 3
jpmorgan chase & co./2015 annual report 67 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .
( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .
the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors .
the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .
and is composed of 24 leading national money center and regional banks and thrifts .
the s&p financial index is an index of 87 financial companies , all of which are components of the s&p 500 .
the firm is a component of all three industry indices .
the following table and graph assume simultaneous investments of $ 100 on december 31 , 2010 , in jpmorgan chase common stock and in each of the above indices .
the comparison assumes that all dividends are reinvested .
december 31 , ( in dollars ) 2010 2011 2012 2013 2014 2015 .

December 31,(in dollars)
2010
2011
2012
2013
2014
2015
JPMorgan Chase
$100.00
$80.03
$108.98
$148.98
$163.71
$177.40
KBW Bank Index
100.00
76.82
102.19
140.77
153.96
154.71
S&P Financial Index
100.00
82.94
106.78
144.79
166.76
164.15
S&P 500 Index
100.00
102.11
118.44
156.78
178.22
180.67

december 31 , ( in dollars ) .

Question: Analyse this data from a financial earnings document. based on the review of the simultaneous investments in pmorgan chase common stock in various indices what was the ratio of the performance in the jpmorgan chase to kbw bank index in 2015
Choices:
-1.14666
0.64637
1.66136
0
1.14666
Correct choice index: 4
note 4 : property , plant and equipment the following table summarizes the major classes of property , plant and equipment by category as of december 31 : 2015 2014 range of remaining useful weighted average useful life utility plant : land and other non-depreciable assets .
.
.
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.
.
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.
.
$ 141 $ 137 sources of supply .
.
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705 681 12 to 127 years 51 years treatment and pumping facilities .
.
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.
3070 2969 3 to 101 years 39 years transmission and distribution facilities .
.
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.
8516 7963 9 to 156 years 83 years services , meters and fire hydrants .
.
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3250 3062 8 to 93 years 35 years general structures and equipment .
.
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1227 1096 1 to 154 years 39 years waste treatment , pumping and disposal .
.
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313 281 2 to 115 years 46 years waste collection .
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473 399 5 to 109 years 56 years construction work in progress .
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404 303 total utility plant .
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18099 16891 nonutility property .
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405 378 3 to 50 years 6 years total property , plant and equipment .
.
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.
$ 18504 $ 17269 property , plant and equipment depreciation expense amounted to $ 405 , $ 392 , and $ 374 for the years ended december 31 , 2015 , 2014 and 2013 , respectively and was included in depreciation and amortization expense in the accompanying consolidated statements of operations .
the provision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was 3.13% ( 3.13 % ) for the year ended december 31 , 2015 and 3.20% ( 3.20 % ) for years december 31 , 2014 and 2013 .
note 5 : allowance for uncollectible accounts the following table summarizes the changes in the company 2019s allowances for uncollectible accounts for the years ended december 31: .

2015
2014
2013
Balance as of January 1
$(35)
$(34)
$(27)
Amounts charged to expense
(32)
(37)
(27)
Amounts written off
38
43
24
Recoveries of amounts written off
(10)
(7)
(4)
Balance as of December 31
$(39)
$(35)
$(34)

.

Question: Analyse this data from a financial earnings document. by how much did property , plant and equipment depreciation expense increase from 2013 to 2015?
Choices:
0.08201
0.0029
0.08289
179.91711
0
Correct choice index: 2
Research and Development Expense
Research and development expense increased by $8.7 million in 2019 compared to 2018. The increase was primarily due to a $5.4 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 229 employees as of December 31, 2018 to 252 employees as of December 31, 2019, a $1.3 million increase in hosting and software related cost to support research and development activities and an increase of $0.4 million in office related expenses to support research and development activities. In addition, a total of $6.5 million of internally-developed software costs during 2019 and $7.7 million of internally-developed software costs during 2018 were capitalized, resulting in an increase of the expense by $1.2 million compared to 2018.

Year Ended December 31,
Change
2019
2018
$
%
(dollars in thousands)
Research and development
$ 50,024
$ 41,305
$ 8,719
21.1%
% of revenue
25%
28%


Question: Analyse this data from a financial earnings document. What was the average Research and development expense for 2018 and 2019?
Choices:
70253.1
228322.5
45664.5
45664500000
91331
Correct choice index: 2
Free cash flow
The Free cash flow for the Industrial Businesses amounted to €8,000 millions, resulting in a cash conversation rate of 0.89.
Beginning with fiscal 2020, Siemens adopts IFRS 16, Leases, applying
the modified retrospective approach as described in more detail in NOTE 2 in B.6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. As a result, the shift of lease payments from cash flows from operating activities to cash flows from financing activities will have a positive effect on Free cash flow.
With our ability to generate positive operating cash flows, our total liquidity (defined as cash and cash equivalents plus current interest-bearing debt securities) of €13.7 billion, our unused lines of credit, and our credit ratings at year-end, we believe that we have sufficient flexibility to fund our capital requirements. Also in our opinion, our operating net working capital is sufficient for our present requirements.

Fiscal Year 2019
(in millions of €)
Continuing operations
Discontinued operations
Continuing and discontinued operations
Cash flows from operating activities
8,482
(27)
8,456
Additions to intangible assets and property, plant and equipment
(2,610)
−
(2,610)
Free cash flow
5,872
(27)
5,845


Question: Analyse this data from a financial earnings document. What was the average cash flow from operating activities from continuing and discontinued operations?
Choices:
4227.5
1.1
1305
8455
2922.5
Correct choice index: 0