Question stringlengths 15 235 | Answer stringlengths 1 459 | Time dict | Source dict | Evidence dict |
|---|---|---|---|---|
How much is the rate of inflation? | 2.9 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "e78f8b29-6085-43de-b32f-be1a68641be3",
"url": ""
} | {
"context": "Actuarial assumptions\nThe Group’s scheme liabilities are measured using the projected unit credit method using the principal actuarial assumptions set out below:\nNotes: 1 Figures shown represent a weighted average assumption of the individual schemes.\n2 The rate of increases in pensions in payment and deferred revaluation are dependent on the rate of inflation.",
"table": "\t2019 %\t2018 %\t2017 %\nWeighted average actuarial assumptions used at 31 March1:\t\t\t\nRate of inflation2\t2.9\t2.9\t3.0\nRate of increase in salaries\t2.7\t2.7\t2.6\nDiscount rate\t2.3\t2.5\t2.6"
} |
How much is the rate of inflation? | 2.9 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "e78f8b29-6085-43de-b32f-be1a68641be3",
"url": ""
} | {
"context": "Actuarial assumptions\nThe Group’s scheme liabilities are measured using the projected unit credit method using the principal actuarial assumptions set out below:\nNotes: 1 Figures shown represent a weighted average assumption of the individual schemes.\n2 The rate of increases in pensions in payment and deferred revaluation are dependent on the rate of inflation.",
"table": "\t2019 %\t2018 %\t2017 %\nWeighted average actuarial assumptions used at 31 March1:\t\t\t\nRate of inflation2\t2.9\t2.9\t3.0\nRate of increase in salaries\t2.7\t2.7\t2.6\nDiscount rate\t2.3\t2.5\t2.6"
} |
What is the average rate of inflation? | 2.9 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "e78f8b29-6085-43de-b32f-be1a68641be3",
"url": ""
} | {
"context": "Actuarial assumptions\nThe Group’s scheme liabilities are measured using the projected unit credit method using the principal actuarial assumptions set out below:\nNotes: 1 Figures shown represent a weighted average assumption of the individual schemes.\n2 The rate of increases in pensions in payment and deferred revaluation are dependent on the rate of inflation.",
"table": "\t2019 %\t2018 %\t2017 %\nWeighted average actuarial assumptions used at 31 March1:\t\t\t\nRate of inflation2\t2.9\t2.9\t3.0\nRate of increase in salaries\t2.7\t2.7\t2.6\nDiscount rate\t2.3\t2.5\t2.6"
} |
What is the average rate of increase in salaries? | 2.7 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "e78f8b29-6085-43de-b32f-be1a68641be3",
"url": ""
} | {
"context": "Actuarial assumptions\nThe Group’s scheme liabilities are measured using the projected unit credit method using the principal actuarial assumptions set out below:\nNotes: 1 Figures shown represent a weighted average assumption of the individual schemes.\n2 The rate of increases in pensions in payment and deferred revaluation are dependent on the rate of inflation.",
"table": "\t2019 %\t2018 %\t2017 %\nWeighted average actuarial assumptions used at 31 March1:\t\t\t\nRate of inflation2\t2.9\t2.9\t3.0\nRate of increase in salaries\t2.7\t2.7\t2.6\nDiscount rate\t2.3\t2.5\t2.6"
} |
What is the difference between average rate of inflation and average rate of increase in salaries? | 0.2 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "e78f8b29-6085-43de-b32f-be1a68641be3",
"url": ""
} | {
"context": "Actuarial assumptions\nThe Group’s scheme liabilities are measured using the projected unit credit method using the principal actuarial assumptions set out below:\nNotes: 1 Figures shown represent a weighted average assumption of the individual schemes.\n2 The rate of increases in pensions in payment and deferred revaluation are dependent on the rate of inflation.",
"table": "\t2019 %\t2018 %\t2017 %\nWeighted average actuarial assumptions used at 31 March1:\t\t\t\nRate of inflation2\t2.9\t2.9\t3.0\nRate of increase in salaries\t2.7\t2.7\t2.6\nDiscount rate\t2.3\t2.5\t2.6"
} |
How much was the closing net book amount for software under development? | 16,284 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "98c16699-d385-4631-91de-1bc3c87f9f99",
"url": ""
} | {
"context": "11 Intangible assets (continued)\n(a) Intangible assets\nRIGHTS AND LICENCES\nCertain licences that NEXTDC possesses have an indefinite useful life and are carried at cost less impairment losses and are subject to impairment review at least annually and whenever there is an indication that it may be impaired.\nOther licences that NEXTDC acquires are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful life. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period.\nINTERNALLY GENERATED SOFTWARE\nInternally developed software is capitalised at cost less accumulated amortisation. Amortisation is calculated using the straight-line basis over the asset’s useful economic life which is generally two to three years. Their useful lives and potential impairment are reviewed at the end of each financial year.\nSOFTWARE UNDER DEVELOPMENT\nCosts incurred in developing products or systems and costs incurred in acquiring software and licenses that will contribute to future period financial benefits through revenue generation and/or cost reduction are capitalised to software and systems. Costs capitalised include external direct costs of materials and services and employee costs.\nAssets in the course of construction include only those costs directly attributable to the development phase and are only recognised following completion of technical feasibility and where the Group has an intention and ability to use the asset.",
"table": "\tRights and licenses\tInternally generated software\tSoftware under development\tTotal\nMovements\t$'000\t$'000\t$'000\t$'000\nAt 30 June 2019\t\t\t\t\nCost\t13\t12,961\t16,284\t29,259\nAccumulated amortisation\t-\t(5,580)\t-\t(5,580)\nNetbook amount\t13\t7,381\t16,284\t23,678\n30 June 2018\t\t\t\t\nOpening net book amount at 1 July 2017\t43\t442\t8,053\t8,538\nAdditions – externally acquired\t13\t-\t5,253\t5,266\nAdditions – internally developed\t-\t-\t1,256\t1,256\nAmortisation\t(43)\t(1,746)\t-\t(1,789)\nTransfers\t-\t7,563\t(7,563)\t-\nTransfer between classes\t-\t744\t-\t744\nDisposals\t-\t(618)\t(490)\t(1,108)\nClosing net book amount\t13\t6,385\t6,509\t12,907\nAt 30 June 2018\t\t\t\t\nCost\t104\t9,555\t6,509\t16,168\nAccumulated amortisation\t(91)\t(3,170)\t-\t(3,261)\nNet book amount\t13\t6,385\t6,509\t12,907"
} |
What was the total cost? | 29,259 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "98c16699-d385-4631-91de-1bc3c87f9f99",
"url": ""
} | {
"context": "11 Intangible assets (continued)\n(a) Intangible assets\nRIGHTS AND LICENCES\nCertain licences that NEXTDC possesses have an indefinite useful life and are carried at cost less impairment losses and are subject to impairment review at least annually and whenever there is an indication that it may be impaired.\nOther licences that NEXTDC acquires are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful life. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period.\nINTERNALLY GENERATED SOFTWARE\nInternally developed software is capitalised at cost less accumulated amortisation. Amortisation is calculated using the straight-line basis over the asset’s useful economic life which is generally two to three years. Their useful lives and potential impairment are reviewed at the end of each financial year.\nSOFTWARE UNDER DEVELOPMENT\nCosts incurred in developing products or systems and costs incurred in acquiring software and licenses that will contribute to future period financial benefits through revenue generation and/or cost reduction are capitalised to software and systems. Costs capitalised include external direct costs of materials and services and employee costs.\nAssets in the course of construction include only those costs directly attributable to the development phase and are only recognised following completion of technical feasibility and where the Group has an intention and ability to use the asset.",
"table": "\tRights and licenses\tInternally generated software\tSoftware under development\tTotal\nMovements\t$'000\t$'000\t$'000\t$'000\nAt 30 June 2019\t\t\t\t\nCost\t13\t12,961\t16,284\t29,259\nAccumulated amortisation\t-\t(5,580)\t-\t(5,580)\nNetbook amount\t13\t7,381\t16,284\t23,678\n30 June 2018\t\t\t\t\nOpening net book amount at 1 July 2017\t43\t442\t8,053\t8,538\nAdditions – externally acquired\t13\t-\t5,253\t5,266\nAdditions – internally developed\t-\t-\t1,256\t1,256\nAmortisation\t(43)\t(1,746)\t-\t(1,789)\nTransfers\t-\t7,563\t(7,563)\t-\nTransfer between classes\t-\t744\t-\t744\nDisposals\t-\t(618)\t(490)\t(1,108)\nClosing net book amount\t13\t6,385\t6,509\t12,907\nAt 30 June 2018\t\t\t\t\nCost\t104\t9,555\t6,509\t16,168\nAccumulated amortisation\t(91)\t(3,170)\t-\t(3,261)\nNet book amount\t13\t6,385\t6,509\t12,907"
} |
What was the percentage change in cost of software under development? | 150.18 | {
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2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "98c16699-d385-4631-91de-1bc3c87f9f99",
"url": ""
} | {
"context": "11 Intangible assets (continued)\n(a) Intangible assets\nRIGHTS AND LICENCES\nCertain licences that NEXTDC possesses have an indefinite useful life and are carried at cost less impairment losses and are subject to impairment review at least annually and whenever there is an indication that it may be impaired.\nOther licences that NEXTDC acquires are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful life. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period.\nINTERNALLY GENERATED SOFTWARE\nInternally developed software is capitalised at cost less accumulated amortisation. Amortisation is calculated using the straight-line basis over the asset’s useful economic life which is generally two to three years. Their useful lives and potential impairment are reviewed at the end of each financial year.\nSOFTWARE UNDER DEVELOPMENT\nCosts incurred in developing products or systems and costs incurred in acquiring software and licenses that will contribute to future period financial benefits through revenue generation and/or cost reduction are capitalised to software and systems. Costs capitalised include external direct costs of materials and services and employee costs.\nAssets in the course of construction include only those costs directly attributable to the development phase and are only recognised following completion of technical feasibility and where the Group has an intention and ability to use the asset.",
"table": "\tRights and licenses\tInternally generated software\tSoftware under development\tTotal\nMovements\t$'000\t$'000\t$'000\t$'000\nAt 30 June 2019\t\t\t\t\nCost\t13\t12,961\t16,284\t29,259\nAccumulated amortisation\t-\t(5,580)\t-\t(5,580)\nNetbook amount\t13\t7,381\t16,284\t23,678\n30 June 2018\t\t\t\t\nOpening net book amount at 1 July 2017\t43\t442\t8,053\t8,538\nAdditions – externally acquired\t13\t-\t5,253\t5,266\nAdditions – internally developed\t-\t-\t1,256\t1,256\nAmortisation\t(43)\t(1,746)\t-\t(1,789)\nTransfers\t-\t7,563\t(7,563)\t-\nTransfer between classes\t-\t744\t-\t744\nDisposals\t-\t(618)\t(490)\t(1,108)\nClosing net book amount\t13\t6,385\t6,509\t12,907\nAt 30 June 2018\t\t\t\t\nCost\t104\t9,555\t6,509\t16,168\nAccumulated amortisation\t(91)\t(3,170)\t-\t(3,261)\nNet book amount\t13\t6,385\t6,509\t12,907"
} |
What was the difference between total opening and closing net book account? | 4369 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "98c16699-d385-4631-91de-1bc3c87f9f99",
"url": ""
} | {
"context": "11 Intangible assets (continued)\n(a) Intangible assets\nRIGHTS AND LICENCES\nCertain licences that NEXTDC possesses have an indefinite useful life and are carried at cost less impairment losses and are subject to impairment review at least annually and whenever there is an indication that it may be impaired.\nOther licences that NEXTDC acquires are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful life. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period.\nINTERNALLY GENERATED SOFTWARE\nInternally developed software is capitalised at cost less accumulated amortisation. Amortisation is calculated using the straight-line basis over the asset’s useful economic life which is generally two to three years. Their useful lives and potential impairment are reviewed at the end of each financial year.\nSOFTWARE UNDER DEVELOPMENT\nCosts incurred in developing products or systems and costs incurred in acquiring software and licenses that will contribute to future period financial benefits through revenue generation and/or cost reduction are capitalised to software and systems. Costs capitalised include external direct costs of materials and services and employee costs.\nAssets in the course of construction include only those costs directly attributable to the development phase and are only recognised following completion of technical feasibility and where the Group has an intention and ability to use the asset.",
"table": "\tRights and licenses\tInternally generated software\tSoftware under development\tTotal\nMovements\t$'000\t$'000\t$'000\t$'000\nAt 30 June 2019\t\t\t\t\nCost\t13\t12,961\t16,284\t29,259\nAccumulated amortisation\t-\t(5,580)\t-\t(5,580)\nNetbook amount\t13\t7,381\t16,284\t23,678\n30 June 2018\t\t\t\t\nOpening net book amount at 1 July 2017\t43\t442\t8,053\t8,538\nAdditions – externally acquired\t13\t-\t5,253\t5,266\nAdditions – internally developed\t-\t-\t1,256\t1,256\nAmortisation\t(43)\t(1,746)\t-\t(1,789)\nTransfers\t-\t7,563\t(7,563)\t-\nTransfer between classes\t-\t744\t-\t744\nDisposals\t-\t(618)\t(490)\t(1,108)\nClosing net book amount\t13\t6,385\t6,509\t12,907\nAt 30 June 2018\t\t\t\t\nCost\t104\t9,555\t6,509\t16,168\nAccumulated amortisation\t(91)\t(3,170)\t-\t(3,261)\nNet book amount\t13\t6,385\t6,509\t12,907"
} |
What is net sales from cheese? | 11,486 | {
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2018,
12,
31,
23,
59
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"start": [
2018,
1,
1,
0,
0
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} | {
"docID": "991d23d7-f32d-4954-8e1d-87ad22470fcf",
"url": ""
} | {
"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
What is net sales from cheese? | 11,459 | {
"end": [
2019,
12,
31,
23,
59
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"start": [
2019,
1,
1,
0,
0
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} | {
"docID": "991d23d7-f32d-4954-8e1d-87ad22470fcf",
"url": ""
} | {
"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
What is net sales from cream and other? | 5,276 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "991d23d7-f32d-4954-8e1d-87ad22470fcf",
"url": ""
} | {
"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
What is net sales from cream and other? | 4,228 | {
"end": [
2019,
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31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "991d23d7-f32d-4954-8e1d-87ad22470fcf",
"url": ""
} | {
"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
What is net sales from ProBugs Kefir? | 2,795 | {
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2018,
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} | {
"docID": "991d23d7-f32d-4954-8e1d-87ad22470fcf",
"url": ""
} | {
"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
What is net sales from ProBugs Kefir? | 2,780 | {
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"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
What is the change in the net sales for cheese? | -27 | {
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"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
What is the percentage change in net sales from Frozen Kefir? | 12.76 | {
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"context": "Our product categories are:\nDrinkable 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).\nEuropean-style soft cheeses, including farmer cheese in resealable cups.\nCream and other, which consists primarily of cream, a byproduct of making our kefir.\nProBugs, a line of kefir products designed for children.\nOther Dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups.\nFrozen Kefir, available in soft serve and pint-size containers.\nLifeway 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.\nNet sales of products by category were as follows for the years ended December 31:\n(a) Includes Lifeway Kefir Shop sales\nSignificant 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.",
"table": "\t\t2019\t\t2018\nIn thousands\t$\t%\t$\t%\nDrinkable Kefir other than ProBugs\t$ 71,822\t77%\t$ 78,523\t76%\nCheese\t11,459\t12%\t11,486\t11%\nCream and other\t4,228\t4%\t5,276\t5%\nProBugs Kefir\t2,780\t3%\t2,795\t3%\nOther dairy\t1,756\t2%\t3,836\t4%\nFrozen Kefir (a)\t1,617\t2%\t1,434\t1%\nNet Sales\t$ 93,662\t100%\t$ 103,350\t100%"
} |
Why did the Operating revenues decreased? | primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018. | {
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"context": "Year Ended December 31, 2019 Compared to Year Ended December 31, 2018\nOperating revenues. Operating revenues decreased by 2.0% from NT$151,253 million in 2018 to NT$148,202 million (US$4,955 million) in\n2019, primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018. The decreased foundry wafer sale came from a decline of 2.9% in average selling price from 2018 to 2019, partially offset by a 1.1% increase in foundry wafer shipment from 7,108 thousand 8-inch equivalent wafers in 2018 to 7,189 thousand 8-inch equivalent wafers in 2019.\nOperating costs. Operating costs decreased by 1.2% from NT$128,413 million in 2018 to NT$126,887 million (US$4,242 million) in 2019, primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs.\nGross profit and gross margin. Gross profit decreased from NT$22,840 million in 2018 to NT$21,315 million (US$713 million) in 2019. Our gross margin decreased from 15.1% in 2018 to 14.4% in 2019, primarily due to an annual decline of 2.9% in average selling price.",
"table": "\t\tYears Ended December 31,\t\n\t2017\t2018\t2019\n\t%\t%\t%\nOperating revenues\t100.0\t100.0\t100.0\nOperating costs\t(81.9)\t(84.9)\t(85.6)\nGross profit\t18.1\t15.1\t14.4\nOperating expenses\t\t\t\nSales and marketing\t(2.8)\t(2.6)\t(2.6)\nGeneral and administrative\t(2.8)\t(3.2)\t(3.6)\nResearch and development\t(9.2)\t(8.6)\t(8.0)\nExpected credit losses\t—\t(0.3)\t(0.4)\nSubtotal\t(14.8)\t(14.7)\t(14.6)\nNet other operating income and expenses\t1.1\t3.4\t3.5\nOperating income\t4.4\t3.8\t3.3\nNon-operating income and expenses\t0.7\t(2.4)\t(0.1)\nIncome from continuing operations before income tax\t5.1\t1.4\t3.2\nIncome tax benefit (expense)\t(0.6)\t0.7\t(0.1)\nNet income\t4.5\t2.1\t3.1\nTotal other comprehensive income (loss), net of tax\t(3.2)\t0.6\t1.9\nTotal comprehensive income\t1.3\t2.7\t5.0\nNet income attributable to:\t\t\t\nStockholders of the parent\t6.5\t5.1\t5.5\nNon-controlling interests\t(2.0)\t(3.0)\t(2.4)\nTotal comprehensive income attributable to:\t\t\t\nStockholders of the parent\t3.3\t5.7\t7.4\nNon-controlling interests\t(2.0)\t(3.0)\t(2.4)"
} |
Why did the Operating costs decreased? | primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs. | {
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"context": "Year Ended December 31, 2019 Compared to Year Ended December 31, 2018\nOperating revenues. Operating revenues decreased by 2.0% from NT$151,253 million in 2018 to NT$148,202 million (US$4,955 million) in\n2019, primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018. The decreased foundry wafer sale came from a decline of 2.9% in average selling price from 2018 to 2019, partially offset by a 1.1% increase in foundry wafer shipment from 7,108 thousand 8-inch equivalent wafers in 2018 to 7,189 thousand 8-inch equivalent wafers in 2019.\nOperating costs. Operating costs decreased by 1.2% from NT$128,413 million in 2018 to NT$126,887 million (US$4,242 million) in 2019, primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs.\nGross profit and gross margin. Gross profit decreased from NT$22,840 million in 2018 to NT$21,315 million (US$713 million) in 2019. Our gross margin decreased from 15.1% in 2018 to 14.4% in 2019, primarily due to an annual decline of 2.9% in average selling price.",
"table": "\t\tYears Ended December 31,\t\n\t2017\t2018\t2019\n\t%\t%\t%\nOperating revenues\t100.0\t100.0\t100.0\nOperating costs\t(81.9)\t(84.9)\t(85.6)\nGross profit\t18.1\t15.1\t14.4\nOperating expenses\t\t\t\nSales and marketing\t(2.8)\t(2.6)\t(2.6)\nGeneral and administrative\t(2.8)\t(3.2)\t(3.6)\nResearch and development\t(9.2)\t(8.6)\t(8.0)\nExpected credit losses\t—\t(0.3)\t(0.4)\nSubtotal\t(14.8)\t(14.7)\t(14.6)\nNet other operating income and expenses\t1.1\t3.4\t3.5\nOperating income\t4.4\t3.8\t3.3\nNon-operating income and expenses\t0.7\t(2.4)\t(0.1)\nIncome from continuing operations before income tax\t5.1\t1.4\t3.2\nIncome tax benefit (expense)\t(0.6)\t0.7\t(0.1)\nNet income\t4.5\t2.1\t3.1\nTotal other comprehensive income (loss), net of tax\t(3.2)\t0.6\t1.9\nTotal comprehensive income\t1.3\t2.7\t5.0\nNet income attributable to:\t\t\t\nStockholders of the parent\t6.5\t5.1\t5.5\nNon-controlling interests\t(2.0)\t(3.0)\t(2.4)\nTotal comprehensive income attributable to:\t\t\t\nStockholders of the parent\t3.3\t5.7\t7.4\nNon-controlling interests\t(2.0)\t(3.0)\t(2.4)"
} |
Why did the gross margin decreased? | primarily due to an annual decline of 2.9% in average selling price. | {
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"context": "Year Ended December 31, 2019 Compared to Year Ended December 31, 2018\nOperating revenues. Operating revenues decreased by 2.0% from NT$151,253 million in 2018 to NT$148,202 million (US$4,955 million) in\n2019, primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018. The decreased foundry wafer sale came from a decline of 2.9% in average selling price from 2018 to 2019, partially offset by a 1.1% increase in foundry wafer shipment from 7,108 thousand 8-inch equivalent wafers in 2018 to 7,189 thousand 8-inch equivalent wafers in 2019.\nOperating costs. Operating costs decreased by 1.2% from NT$128,413 million in 2018 to NT$126,887 million (US$4,242 million) in 2019, primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs.\nGross profit and gross margin. Gross profit decreased from NT$22,840 million in 2018 to NT$21,315 million (US$713 million) in 2019. Our gross margin decreased from 15.1% in 2018 to 14.4% in 2019, primarily due to an annual decline of 2.9% in average selling price.",
"table": "\t\tYears Ended December 31,\t\n\t2017\t2018\t2019\n\t%\t%\t%\nOperating revenues\t100.0\t100.0\t100.0\nOperating costs\t(81.9)\t(84.9)\t(85.6)\nGross profit\t18.1\t15.1\t14.4\nOperating expenses\t\t\t\nSales and marketing\t(2.8)\t(2.6)\t(2.6)\nGeneral and administrative\t(2.8)\t(3.2)\t(3.6)\nResearch and development\t(9.2)\t(8.6)\t(8.0)\nExpected credit losses\t—\t(0.3)\t(0.4)\nSubtotal\t(14.8)\t(14.7)\t(14.6)\nNet other operating income and expenses\t1.1\t3.4\t3.5\nOperating income\t4.4\t3.8\t3.3\nNon-operating income and expenses\t0.7\t(2.4)\t(0.1)\nIncome from continuing operations before income tax\t5.1\t1.4\t3.2\nIncome tax benefit (expense)\t(0.6)\t0.7\t(0.1)\nNet income\t4.5\t2.1\t3.1\nTotal other comprehensive income (loss), net of tax\t(3.2)\t0.6\t1.9\nTotal comprehensive income\t1.3\t2.7\t5.0\nNet income attributable to:\t\t\t\nStockholders of the parent\t6.5\t5.1\t5.5\nNon-controlling interests\t(2.0)\t(3.0)\t(2.4)\nTotal comprehensive income attributable to:\t\t\t\nStockholders of the parent\t3.3\t5.7\t7.4\nNon-controlling interests\t(2.0)\t(3.0)\t(2.4)"
} |
What is the average net revenues from Automotive and Discrete Group (ADG) for the period? | 945.5 | {
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"context": "On a sequential basis, ADG revenues were up 3.3%, driven by an increase in volumes of approximately 8%, partially offset by a decrease in average selling prices of approximately 5%, mostly attributable to product mix.\nAMS revenues increased 12.1% driven by Analog and Imaging products. AMS increase was due to an increase of approximately 5% in average selling prices, entirely due to product mix, and to higher volumes of approximately of 7%.\nMDG revenues increased by 7.9%, mainly driven by Microcontrollers, due to both higher average selling prices of approximately 6%, entirely due to product mix, and higher volumes of approximately 2%.\nOn a year-over-year basis, fourth quarter net revenues increased by 4.0%. ADG revenues decreased 4.5% compared to the year-ago quarter on lower revenues in both Automotive and Power Discrete. The decrease was entirely due to lower average selling prices of approximately 4%, while volumes remained substantially flat. The decrease in average selling prices was a combination of less favorable product mix and lower selling prices.\nAMS fourth quarter revenues grew 9.9% year-over-year, mainly driven by Analog and Imaging. The increase was entirely due to higher average selling prices of approximately 18%, entirely attributable to product mix,\npartially offset by lower volumes of approximately 8%. MDG fourth quarter revenues increased by 7.6%, mainly driven by Microcontrollers. The increase was due to higher average selling prices of approximately 9%,\nentirely due to improved product mix.",
"table": "\t\tThree Months Ended\t\t% Variation\t\n\tDecember 31, 2019\tSeptember 29, 2019\tDecember 31, 2018\tSequential\tYear-Over-Year\n\t\t\t(Unaudited, in millions)\t\t\nAutomotive and Discrete Group (ADG)\t$924\t$894\t$967\t3.3%\t(4.5)%\nAnalog, MEMS and Sensors Group (AMS)\t1,085\t968\t988\t12.1\t9.9\nMicrocontrollers and Digital ICs Group (MDG)\t742\t688\t689\t7.9\t7.6\nOthers\t3\t3\t4\t—\t—\nTotal consolidated net revenues\t$2,754\t$2,553\t$2,648\t7.9%\t4.0%"
} |
What is the average net revenues from Analog, MEMS and Sensors Group (AMS) for the period? | 1036.5 | {
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"context": "On a sequential basis, ADG revenues were up 3.3%, driven by an increase in volumes of approximately 8%, partially offset by a decrease in average selling prices of approximately 5%, mostly attributable to product mix.\nAMS revenues increased 12.1% driven by Analog and Imaging products. AMS increase was due to an increase of approximately 5% in average selling prices, entirely due to product mix, and to higher volumes of approximately of 7%.\nMDG revenues increased by 7.9%, mainly driven by Microcontrollers, due to both higher average selling prices of approximately 6%, entirely due to product mix, and higher volumes of approximately 2%.\nOn a year-over-year basis, fourth quarter net revenues increased by 4.0%. ADG revenues decreased 4.5% compared to the year-ago quarter on lower revenues in both Automotive and Power Discrete. The decrease was entirely due to lower average selling prices of approximately 4%, while volumes remained substantially flat. The decrease in average selling prices was a combination of less favorable product mix and lower selling prices.\nAMS fourth quarter revenues grew 9.9% year-over-year, mainly driven by Analog and Imaging. The increase was entirely due to higher average selling prices of approximately 18%, entirely attributable to product mix,\npartially offset by lower volumes of approximately 8%. MDG fourth quarter revenues increased by 7.6%, mainly driven by Microcontrollers. The increase was due to higher average selling prices of approximately 9%,\nentirely due to improved product mix.",
"table": "\t\tThree Months Ended\t\t% Variation\t\n\tDecember 31, 2019\tSeptember 29, 2019\tDecember 31, 2018\tSequential\tYear-Over-Year\n\t\t\t(Unaudited, in millions)\t\t\nAutomotive and Discrete Group (ADG)\t$924\t$894\t$967\t3.3%\t(4.5)%\nAnalog, MEMS and Sensors Group (AMS)\t1,085\t968\t988\t12.1\t9.9\nMicrocontrollers and Digital ICs Group (MDG)\t742\t688\t689\t7.9\t7.6\nOthers\t3\t3\t4\t—\t—\nTotal consolidated net revenues\t$2,754\t$2,553\t$2,648\t7.9%\t4.0%"
} |
What is the average net revenues from Microcontrollers and Digital ICs Group (MDG) for the period? | 715.5 | {
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"context": "On a sequential basis, ADG revenues were up 3.3%, driven by an increase in volumes of approximately 8%, partially offset by a decrease in average selling prices of approximately 5%, mostly attributable to product mix.\nAMS revenues increased 12.1% driven by Analog and Imaging products. AMS increase was due to an increase of approximately 5% in average selling prices, entirely due to product mix, and to higher volumes of approximately of 7%.\nMDG revenues increased by 7.9%, mainly driven by Microcontrollers, due to both higher average selling prices of approximately 6%, entirely due to product mix, and higher volumes of approximately 2%.\nOn a year-over-year basis, fourth quarter net revenues increased by 4.0%. ADG revenues decreased 4.5% compared to the year-ago quarter on lower revenues in both Automotive and Power Discrete. The decrease was entirely due to lower average selling prices of approximately 4%, while volumes remained substantially flat. The decrease in average selling prices was a combination of less favorable product mix and lower selling prices.\nAMS fourth quarter revenues grew 9.9% year-over-year, mainly driven by Analog and Imaging. The increase was entirely due to higher average selling prices of approximately 18%, entirely attributable to product mix,\npartially offset by lower volumes of approximately 8%. MDG fourth quarter revenues increased by 7.6%, mainly driven by Microcontrollers. The increase was due to higher average selling prices of approximately 9%,\nentirely due to improved product mix.",
"table": "\t\tThree Months Ended\t\t% Variation\t\n\tDecember 31, 2019\tSeptember 29, 2019\tDecember 31, 2018\tSequential\tYear-Over-Year\n\t\t\t(Unaudited, in millions)\t\t\nAutomotive and Discrete Group (ADG)\t$924\t$894\t$967\t3.3%\t(4.5)%\nAnalog, MEMS and Sensors Group (AMS)\t1,085\t968\t988\t12.1\t9.9\nMicrocontrollers and Digital ICs Group (MDG)\t742\t688\t689\t7.9\t7.6\nOthers\t3\t3\t4\t—\t—\nTotal consolidated net revenues\t$2,754\t$2,553\t$2,648\t7.9%\t4.0%"
} |
What was the amount of raw materials? | 26.0 | {
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} | {
"context": "Inventories\nThe components of inventories consist of the following (in millions):\nInventories are valued at the lower of cost and net realizable value using the first-in, first-out method. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable.",
"table": "\tMarch 31,\t\n\t2019\t2018\nRaw materials\t$74.5\t$26.0\nWork in process\t413.0\t311.8\nFinished goods\t224.2\t138.4\nTotal inventories\t$711.7\t$476.2"
} |
What was the change in raw materials? | 48.5 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
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]
} | {
"docID": "635228dd-44ae-4ad2-817d-2079a9ceb320",
"url": ""
} | {
"context": "Inventories\nThe components of inventories consist of the following (in millions):\nInventories are valued at the lower of cost and net realizable value using the first-in, first-out method. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable.",
"table": "\tMarch 31,\t\n\t2019\t2018\nRaw materials\t$74.5\t$26.0\nWork in process\t413.0\t311.8\nFinished goods\t224.2\t138.4\nTotal inventories\t$711.7\t$476.2"
} |
What was the percentage change in total inventories? | 49.45 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "635228dd-44ae-4ad2-817d-2079a9ceb320",
"url": ""
} | {
"context": "Inventories\nThe components of inventories consist of the following (in millions):\nInventories are valued at the lower of cost and net realizable value using the first-in, first-out method. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable.",
"table": "\tMarch 31,\t\n\t2019\t2018\nRaw materials\t$74.5\t$26.0\nWork in process\t413.0\t311.8\nFinished goods\t224.2\t138.4\nTotal inventories\t$711.7\t$476.2"
} |
How will the trend rates for Canadian post-retirement plans change between the current period and after? | Increase linearly to 4.75% | {
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"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
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} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
How will the trend rates for Canadian post-retirement plans change between the current period and after? | grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter. | {
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"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
What are the respective pension discount rates for actuarial benefit obligation? | 3.20% | {
"end": [
2019,
12,
31,
23,
59
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"start": [
2019,
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1,
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} | {
"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
What are the respective pension discount rates for actuarial benefit obligation? | 3.80% | {
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23,
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1,
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} | {
"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
What are the respective pension discount rates for benefit costs? | 3.90% | {
"end": [
2019,
12,
31,
23,
59
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"start": [
2019,
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1,
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} | {
"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
What are the respective pension discount rates for benefit costs? | 3.60% | {
"end": [
2018,
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31,
23,
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"start": [
2018,
1,
1,
0,
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]
} | {
"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
What is the total pension discount rate for actuarial benefit obligation? | 7 | {
"end": [
2019,
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31,
23,
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"start": [
2018,
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1,
0,
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} | {
"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
What is the percentage change in the pension discount rate for actuarial benefit obligations? | -0.6 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
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]
} | {
"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
What is the difference in future salary growth assumed under pension? | 0 | {
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2019,
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31,
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2018,
1,
1,
0,
0
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} | {
"docID": "dd47151a-e645-492f-af54-08e3e5b4254d",
"url": ""
} | {
"context": "The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:\nFor certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.",
"table": "As at December 31,\tPension 2019\tOther 2019\tPension 2018\tOther 2018\nActuarial benefit obligation\t\t\t\t\nDiscount rate\t3.20%\t2.95% to 3.20%\t3.80%\t3.80% to 4.00%\nBenefit costs for the year ended\t\t\t\t\nDiscount rate\t3.90%\t3.90% to 4.00%\t3.60%\t3.25% to 3.60%\nFuture salary growth\t2.50%\tN/A\t2.50%\tN/A\nHealth care cost trend rate\tN/A\t3.49% to 5.49%\tN/A\t4.50%\nOther medical trend rates\tN/A\t4.00% to 4.56%\tN/A\t4.50%"
} |
How many common shares did BCE repurchase? | 3,085,697 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
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} | {
"docID": "eaf92f5c-0a32-4cad-9919-067ae4c20978",
"url": ""
} | {
"context": "COMMON SHARES AND CLASS B SHARES\nBCE’s articles of amalgamation provide for an unlimited number of voting common shares and non-voting Class B shares, all without par value. The common shares and the Class B shares rank equally in the payment of dividends and in the distribution of assets if BCE is liquidated, dissolved or wound up, after payments due to the holders of preferred shares. No Class B shares were outstanding at December 31, 2019 and 2018.\nThe following table provides details about the outstanding common shares of BCE.\nIn Q1 2018, BCE repurchased and canceled 3,085,697 common shares for a total cost of $175 million through a NCIB. Of the total cost, $69 million represents stated capital and $3 million represents the reduction of the contributed surplus attributable to these common shares. The remaining $103 million was charged to the deficit.\nCONTRIBUTED SURPLUS\nContributed surplus in 2019 and 2018 includes premiums in excess of par value upon the issuance of BCE common shares and share-based compensation expense net of settlements.",
"table": "\t\t2019\t\t2018\t\n\tNOTE\tNUMBER OF SHARES\tSTATED CAPITAL\tNUMBER OF SHARES\tSTATED CAPITAL\nOutstanding, January 1\t\t898,200,415\t20,036\t900,996,640\t20,091\nShares issued for the acquisition of AlarmForce\t34\t–\t–\t22,531\t1\nShares issued under employee stock option plan\t28\t4,459,559\t251\t266,941\t13\nRepurchase of common shares\t\t–\t–\t(3,085,697)\t(69)\nShares issued under ESP\t\t1,231,479\t75\t–\t–\nShares issued under DSP\t\t16,729\t1\t–\t–\nOutstanding, December 31\t\t903,908,182\t20,363\t898,200,415\t20,036"
} |
What is the amount of stated capital outstanding on, | 20,363 | {
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} | {
"docID": "eaf92f5c-0a32-4cad-9919-067ae4c20978",
"url": ""
} | {
"context": "COMMON SHARES AND CLASS B SHARES\nBCE’s articles of amalgamation provide for an unlimited number of voting common shares and non-voting Class B shares, all without par value. The common shares and the Class B shares rank equally in the payment of dividends and in the distribution of assets if BCE is liquidated, dissolved or wound up, after payments due to the holders of preferred shares. No Class B shares were outstanding at December 31, 2019 and 2018.\nThe following table provides details about the outstanding common shares of BCE.\nIn Q1 2018, BCE repurchased and canceled 3,085,697 common shares for a total cost of $175 million through a NCIB. Of the total cost, $69 million represents stated capital and $3 million represents the reduction of the contributed surplus attributable to these common shares. The remaining $103 million was charged to the deficit.\nCONTRIBUTED SURPLUS\nContributed surplus in 2019 and 2018 includes premiums in excess of par value upon the issuance of BCE common shares and share-based compensation expense net of settlements.",
"table": "\t\t2019\t\t2018\t\n\tNOTE\tNUMBER OF SHARES\tSTATED CAPITAL\tNUMBER OF SHARES\tSTATED CAPITAL\nOutstanding, January 1\t\t898,200,415\t20,036\t900,996,640\t20,091\nShares issued for the acquisition of AlarmForce\t34\t–\t–\t22,531\t1\nShares issued under employee stock option plan\t28\t4,459,559\t251\t266,941\t13\nRepurchase of common shares\t\t–\t–\t(3,085,697)\t(69)\nShares issued under ESP\t\t1,231,479\t75\t–\t–\nShares issued under DSP\t\t16,729\t1\t–\t–\nOutstanding, December 31\t\t903,908,182\t20,363\t898,200,415\t20,036"
} |
What comprised of the total cost that went into the repurchase of common shares? | Stated capital; reduction of the contributed surplus attributable to these common shares; charged to the deficit | {
"end": [
2018,
12,
31,
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2018,
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} | {
"docID": "eaf92f5c-0a32-4cad-9919-067ae4c20978",
"url": ""
} | {
"context": "COMMON SHARES AND CLASS B SHARES\nBCE’s articles of amalgamation provide for an unlimited number of voting common shares and non-voting Class B shares, all without par value. The common shares and the Class B shares rank equally in the payment of dividends and in the distribution of assets if BCE is liquidated, dissolved or wound up, after payments due to the holders of preferred shares. No Class B shares were outstanding at December 31, 2019 and 2018.\nThe following table provides details about the outstanding common shares of BCE.\nIn Q1 2018, BCE repurchased and canceled 3,085,697 common shares for a total cost of $175 million through a NCIB. Of the total cost, $69 million represents stated capital and $3 million represents the reduction of the contributed surplus attributable to these common shares. The remaining $103 million was charged to the deficit.\nCONTRIBUTED SURPLUS\nContributed surplus in 2019 and 2018 includes premiums in excess of par value upon the issuance of BCE common shares and share-based compensation expense net of settlements.",
"table": "\t\t2019\t\t2018\t\n\tNOTE\tNUMBER OF SHARES\tSTATED CAPITAL\tNUMBER OF SHARES\tSTATED CAPITAL\nOutstanding, January 1\t\t898,200,415\t20,036\t900,996,640\t20,091\nShares issued for the acquisition of AlarmForce\t34\t–\t–\t22,531\t1\nShares issued under employee stock option plan\t28\t4,459,559\t251\t266,941\t13\nRepurchase of common shares\t\t–\t–\t(3,085,697)\t(69)\nShares issued under ESP\t\t1,231,479\t75\t–\t–\nShares issued under DSP\t\t16,729\t1\t–\t–\nOutstanding, December 31\t\t903,908,182\t20,363\t898,200,415\t20,036"
} |
What was the total number of shares issued under ESP and DSP? | 1248208 | {
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31,
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"start": [
2019,
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1,
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} | {
"docID": "eaf92f5c-0a32-4cad-9919-067ae4c20978",
"url": ""
} | {
"context": "COMMON SHARES AND CLASS B SHARES\nBCE’s articles of amalgamation provide for an unlimited number of voting common shares and non-voting Class B shares, all without par value. The common shares and the Class B shares rank equally in the payment of dividends and in the distribution of assets if BCE is liquidated, dissolved or wound up, after payments due to the holders of preferred shares. No Class B shares were outstanding at December 31, 2019 and 2018.\nThe following table provides details about the outstanding common shares of BCE.\nIn Q1 2018, BCE repurchased and canceled 3,085,697 common shares for a total cost of $175 million through a NCIB. Of the total cost, $69 million represents stated capital and $3 million represents the reduction of the contributed surplus attributable to these common shares. The remaining $103 million was charged to the deficit.\nCONTRIBUTED SURPLUS\nContributed surplus in 2019 and 2018 includes premiums in excess of par value upon the issuance of BCE common shares and share-based compensation expense net of settlements.",
"table": "\t\t2019\t\t2018\t\n\tNOTE\tNUMBER OF SHARES\tSTATED CAPITAL\tNUMBER OF SHARES\tSTATED CAPITAL\nOutstanding, January 1\t\t898,200,415\t20,036\t900,996,640\t20,091\nShares issued for the acquisition of AlarmForce\t34\t–\t–\t22,531\t1\nShares issued under employee stock option plan\t28\t4,459,559\t251\t266,941\t13\nRepurchase of common shares\t\t–\t–\t(3,085,697)\t(69)\nShares issued under ESP\t\t1,231,479\t75\t–\t–\nShares issued under DSP\t\t16,729\t1\t–\t–\nOutstanding, December 31\t\t903,908,182\t20,363\t898,200,415\t20,036"
} |
What is the percentage change in the total number of shares? | -0.31 | {
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59
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"start": [
2019,
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1,
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0
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} | {
"docID": "eaf92f5c-0a32-4cad-9919-067ae4c20978",
"url": ""
} | {
"context": "COMMON SHARES AND CLASS B SHARES\nBCE’s articles of amalgamation provide for an unlimited number of voting common shares and non-voting Class B shares, all without par value. The common shares and the Class B shares rank equally in the payment of dividends and in the distribution of assets if BCE is liquidated, dissolved or wound up, after payments due to the holders of preferred shares. No Class B shares were outstanding at December 31, 2019 and 2018.\nThe following table provides details about the outstanding common shares of BCE.\nIn Q1 2018, BCE repurchased and canceled 3,085,697 common shares for a total cost of $175 million through a NCIB. Of the total cost, $69 million represents stated capital and $3 million represents the reduction of the contributed surplus attributable to these common shares. The remaining $103 million was charged to the deficit.\nCONTRIBUTED SURPLUS\nContributed surplus in 2019 and 2018 includes premiums in excess of par value upon the issuance of BCE common shares and share-based compensation expense net of settlements.",
"table": "\t\t2019\t\t2018\t\n\tNOTE\tNUMBER OF SHARES\tSTATED CAPITAL\tNUMBER OF SHARES\tSTATED CAPITAL\nOutstanding, January 1\t\t898,200,415\t20,036\t900,996,640\t20,091\nShares issued for the acquisition of AlarmForce\t34\t–\t–\t22,531\t1\nShares issued under employee stock option plan\t28\t4,459,559\t251\t266,941\t13\nRepurchase of common shares\t\t–\t–\t(3,085,697)\t(69)\nShares issued under ESP\t\t1,231,479\t75\t–\t–\nShares issued under DSP\t\t16,729\t1\t–\t–\nOutstanding, December 31\t\t903,908,182\t20,363\t898,200,415\t20,036"
} |
What were the net additions of the internet customers? | 5,966 | {
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2019,
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} | {
"docID": "cd19d6bc-f08e-452d-b682-4af9082ec82c",
"url": ""
} | {
"context": "CUSTOMER STATISTICS\n(1) Excludes adjustments related to the migration to the new customer management system implemented during the third quarter of fiscal 2018.\n(2) As a percentage of homes passed.\nDuring the third quarter of fiscal 2018, the Canadian broadband services segment implemented a new customer management system, replacing 22 legacy systems. While the customer management system was still in the stabilization phase, contact center congestion resulted in lower services activations during most of the fourth quarter of fiscal 2018 and the first quarter of 2019. Contact center and marketing operations had returned to normal at the end of the first quarter of 2019.\nVariations of each services are also explained as follows:\nINTERNET Fiscal 2019 Internet service customers net additions stood at 5,966 compared to 14,173 for the prior year mainly due to: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry; and • contact center congestion during the stabilization period of the new customer management system.\nVIDEO Fiscal 2019 video service customers net losses stood at 39,185 compared to 37,035 for the prior year as a result of: • highly competitive offers in the industry; • a changing video consumption environment; and • contact center congestion during the stabilization period of the new customer management system; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.\nTELEPHONY Fiscal 2019 telephony service customers net losses amounted to 23,333 compared to 32,987 for the prior year mainly due to: • technical issues with telephony activations following the implementation of the new customer management system which were resolved at the end of the first quarter; • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only; partly offset by • growth in the business sector; and • more telephony bundles due to additional promotional activity in the second half of fiscal 2019.\nDISTRIBUTION OF CUSTOMERS At August 31, 2019, 69% of the Canadian broadband services segment's customers enjoyed \"double play\" or \"triple play\" bundled services.",
"table": "\t\tNet additions (losses)\t\t% of penetration(2)\t\n\tYears ended\t\t\t\t\n\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\n\t2019\t2019\t2018(1)\t2019\t2018\nPrimary service units\t1,810,366\t(56,552)\t(55,849)\t\t\nInternet service customers\t788,243\t5,966\t14,173\t44.7\t44.7\nVideo service customers\t649,583\t(39,185)\t(37,035)\t36.8\t39.3\nTelephony service customers\t372,540\t(23,333)\t(32,987)\t21.1\t22.6"
} |
What was the net loss for video customers? | 39,185 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "cd19d6bc-f08e-452d-b682-4af9082ec82c",
"url": ""
} | {
"context": "CUSTOMER STATISTICS\n(1) Excludes adjustments related to the migration to the new customer management system implemented during the third quarter of fiscal 2018.\n(2) As a percentage of homes passed.\nDuring the third quarter of fiscal 2018, the Canadian broadband services segment implemented a new customer management system, replacing 22 legacy systems. While the customer management system was still in the stabilization phase, contact center congestion resulted in lower services activations during most of the fourth quarter of fiscal 2018 and the first quarter of 2019. Contact center and marketing operations had returned to normal at the end of the first quarter of 2019.\nVariations of each services are also explained as follows:\nINTERNET Fiscal 2019 Internet service customers net additions stood at 5,966 compared to 14,173 for the prior year mainly due to: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry; and • contact center congestion during the stabilization period of the new customer management system.\nVIDEO Fiscal 2019 video service customers net losses stood at 39,185 compared to 37,035 for the prior year as a result of: • highly competitive offers in the industry; • a changing video consumption environment; and • contact center congestion during the stabilization period of the new customer management system; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.\nTELEPHONY Fiscal 2019 telephony service customers net losses amounted to 23,333 compared to 32,987 for the prior year mainly due to: • technical issues with telephony activations following the implementation of the new customer management system which were resolved at the end of the first quarter; • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only; partly offset by • growth in the business sector; and • more telephony bundles due to additional promotional activity in the second half of fiscal 2019.\nDISTRIBUTION OF CUSTOMERS At August 31, 2019, 69% of the Canadian broadband services segment's customers enjoyed \"double play\" or \"triple play\" bundled services.",
"table": "\t\tNet additions (losses)\t\t% of penetration(2)\t\n\tYears ended\t\t\t\t\n\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\n\t2019\t2019\t2018(1)\t2019\t2018\nPrimary service units\t1,810,366\t(56,552)\t(55,849)\t\t\nInternet service customers\t788,243\t5,966\t14,173\t44.7\t44.7\nVideo service customers\t649,583\t(39,185)\t(37,035)\t36.8\t39.3\nTelephony service customers\t372,540\t(23,333)\t(32,987)\t21.1\t22.6"
} |
What was the increase / (decrease) in the net additions of Primary service units? | -703 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "cd19d6bc-f08e-452d-b682-4af9082ec82c",
"url": ""
} | {
"context": "CUSTOMER STATISTICS\n(1) Excludes adjustments related to the migration to the new customer management system implemented during the third quarter of fiscal 2018.\n(2) As a percentage of homes passed.\nDuring the third quarter of fiscal 2018, the Canadian broadband services segment implemented a new customer management system, replacing 22 legacy systems. While the customer management system was still in the stabilization phase, contact center congestion resulted in lower services activations during most of the fourth quarter of fiscal 2018 and the first quarter of 2019. Contact center and marketing operations had returned to normal at the end of the first quarter of 2019.\nVariations of each services are also explained as follows:\nINTERNET Fiscal 2019 Internet service customers net additions stood at 5,966 compared to 14,173 for the prior year mainly due to: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry; and • contact center congestion during the stabilization period of the new customer management system.\nVIDEO Fiscal 2019 video service customers net losses stood at 39,185 compared to 37,035 for the prior year as a result of: • highly competitive offers in the industry; • a changing video consumption environment; and • contact center congestion during the stabilization period of the new customer management system; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.\nTELEPHONY Fiscal 2019 telephony service customers net losses amounted to 23,333 compared to 32,987 for the prior year mainly due to: • technical issues with telephony activations following the implementation of the new customer management system which were resolved at the end of the first quarter; • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only; partly offset by • growth in the business sector; and • more telephony bundles due to additional promotional activity in the second half of fiscal 2019.\nDISTRIBUTION OF CUSTOMERS At August 31, 2019, 69% of the Canadian broadband services segment's customers enjoyed \"double play\" or \"triple play\" bundled services.",
"table": "\t\tNet additions (losses)\t\t% of penetration(2)\t\n\tYears ended\t\t\t\t\n\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\n\t2019\t2019\t2018(1)\t2019\t2018\nPrimary service units\t1,810,366\t(56,552)\t(55,849)\t\t\nInternet service customers\t788,243\t5,966\t14,173\t44.7\t44.7\nVideo service customers\t649,583\t(39,185)\t(37,035)\t36.8\t39.3\nTelephony service customers\t372,540\t(23,333)\t(32,987)\t21.1\t22.6"
} |
What was the average increase / (decrease) in the internet service customers? | 10069.5 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "cd19d6bc-f08e-452d-b682-4af9082ec82c",
"url": ""
} | {
"context": "CUSTOMER STATISTICS\n(1) Excludes adjustments related to the migration to the new customer management system implemented during the third quarter of fiscal 2018.\n(2) As a percentage of homes passed.\nDuring the third quarter of fiscal 2018, the Canadian broadband services segment implemented a new customer management system, replacing 22 legacy systems. While the customer management system was still in the stabilization phase, contact center congestion resulted in lower services activations during most of the fourth quarter of fiscal 2018 and the first quarter of 2019. Contact center and marketing operations had returned to normal at the end of the first quarter of 2019.\nVariations of each services are also explained as follows:\nINTERNET Fiscal 2019 Internet service customers net additions stood at 5,966 compared to 14,173 for the prior year mainly due to: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry; and • contact center congestion during the stabilization period of the new customer management system.\nVIDEO Fiscal 2019 video service customers net losses stood at 39,185 compared to 37,035 for the prior year as a result of: • highly competitive offers in the industry; • a changing video consumption environment; and • contact center congestion during the stabilization period of the new customer management system; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.\nTELEPHONY Fiscal 2019 telephony service customers net losses amounted to 23,333 compared to 32,987 for the prior year mainly due to: • technical issues with telephony activations following the implementation of the new customer management system which were resolved at the end of the first quarter; • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only; partly offset by • growth in the business sector; and • more telephony bundles due to additional promotional activity in the second half of fiscal 2019.\nDISTRIBUTION OF CUSTOMERS At August 31, 2019, 69% of the Canadian broadband services segment's customers enjoyed \"double play\" or \"triple play\" bundled services.",
"table": "\t\tNet additions (losses)\t\t% of penetration(2)\t\n\tYears ended\t\t\t\t\n\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\n\t2019\t2019\t2018(1)\t2019\t2018\nPrimary service units\t1,810,366\t(56,552)\t(55,849)\t\t\nInternet service customers\t788,243\t5,966\t14,173\t44.7\t44.7\nVideo service customers\t649,583\t(39,185)\t(37,035)\t36.8\t39.3\nTelephony service customers\t372,540\t(23,333)\t(32,987)\t21.1\t22.6"
} |
What was the average increase / (decrease) in video service customers? | -38110 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "cd19d6bc-f08e-452d-b682-4af9082ec82c",
"url": ""
} | {
"context": "CUSTOMER STATISTICS\n(1) Excludes adjustments related to the migration to the new customer management system implemented during the third quarter of fiscal 2018.\n(2) As a percentage of homes passed.\nDuring the third quarter of fiscal 2018, the Canadian broadband services segment implemented a new customer management system, replacing 22 legacy systems. While the customer management system was still in the stabilization phase, contact center congestion resulted in lower services activations during most of the fourth quarter of fiscal 2018 and the first quarter of 2019. Contact center and marketing operations had returned to normal at the end of the first quarter of 2019.\nVariations of each services are also explained as follows:\nINTERNET Fiscal 2019 Internet service customers net additions stood at 5,966 compared to 14,173 for the prior year mainly due to: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry; and • contact center congestion during the stabilization period of the new customer management system.\nVIDEO Fiscal 2019 video service customers net losses stood at 39,185 compared to 37,035 for the prior year as a result of: • highly competitive offers in the industry; • a changing video consumption environment; and • contact center congestion during the stabilization period of the new customer management system; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.\nTELEPHONY Fiscal 2019 telephony service customers net losses amounted to 23,333 compared to 32,987 for the prior year mainly due to: • technical issues with telephony activations following the implementation of the new customer management system which were resolved at the end of the first quarter; • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only; partly offset by • growth in the business sector; and • more telephony bundles due to additional promotional activity in the second half of fiscal 2019.\nDISTRIBUTION OF CUSTOMERS At August 31, 2019, 69% of the Canadian broadband services segment's customers enjoyed \"double play\" or \"triple play\" bundled services.",
"table": "\t\tNet additions (losses)\t\t% of penetration(2)\t\n\tYears ended\t\t\t\t\n\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\tAugust 31,\n\t2019\t2019\t2018(1)\t2019\t2018\nPrimary service units\t1,810,366\t(56,552)\t(55,849)\t\t\nInternet service customers\t788,243\t5,966\t14,173\t44.7\t44.7\nVideo service customers\t649,583\t(39,185)\t(37,035)\t36.8\t39.3\nTelephony service customers\t372,540\t(23,333)\t(32,987)\t21.1\t22.6"
} |
How much is the aggregated expected income expense? | 985 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "5f46a008-12b7-4c0d-b9e5-4b8e31cb0ba8",
"url": ""
} | {
"context": "Factors affecting the tax expense for the year\nThe table below explains the differences between the expected tax expense, being the aggregate of the Group’s geographical split of profits multiplied by the relevant local tax rates and the Group’s total tax expense for each year.\nNotes: 1 See note below regarding deferred tax asset recognition in Luxembourg and Spain on pages 140 and 141\n2 2018 includes the impact of closing tax audits across the Group during the year, including in Germany and Romania\n3 Includes a €42 million credit (2018: €15 million charge, 2017 €95 million charge) relating to the combination of Vodafone India with Idea Cellular",
"table": "\t2019 €m\t2018 €m\t2017 €m\nContinuing (loss)/profit before tax as shown in the consolidated income statement\t(2,613)\t3,878\t2,792\nAggregated expected income tax (credit)/expense\t(457)\t985\t795\nImpairment losses with no tax effect\t807\t–\t–\nDisposal of Group investments\t–\t55\t(271)\nEffect of taxation of associates and joint ventures, reported within profit before tax\t262\t90\t23\n(Recognition)/derecognition of deferred tax assets for losses in Luxembourg and Spain1\t1,186\t(1,583)\t1,603\nDeferred tax following revaluation of investments in Luxembourg1\t(488)\t(330)\t(329)\nPreviously unrecognised temporary differences we expect to use in the future\t–\t–\t(15)\nPreviously unrecognised temporary differences utilised in the year\t–\t(29)\t(11)\nCurrent year temporary differences (including losses) that we currently do not expect to use\t78\t20\t139\nAdjustments in respect of prior year tax liabilities2\t(94)\t(244)\t(107)\nRevaluation of assets for tax purposes\t–\t–\t(39)\nImpact of tax credits and irrecoverable taxes\t79\t93\t98\nDeferred tax on overseas earnings3\t(39)\t24\t26\nEffect of current year changes in statutory tax rates on deferred tax balances\t(2)\t(44)\t2,755\nFinancing costs not deductible for tax purposes\t67\t23\t25\nExpenses not deductible (income not taxable) for tax purposes\t97\t61\t72\nIncome tax expense/(credit)\t1,496\t(879)\t4,764"
} |
What is the deferred tax on overseas earnings, excluding the 15€m charge relating to the combination of Vodafone India with Idea Cellular? | 9 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "5f46a008-12b7-4c0d-b9e5-4b8e31cb0ba8",
"url": ""
} | {
"context": "Factors affecting the tax expense for the year\nThe table below explains the differences between the expected tax expense, being the aggregate of the Group’s geographical split of profits multiplied by the relevant local tax rates and the Group’s total tax expense for each year.\nNotes: 1 See note below regarding deferred tax asset recognition in Luxembourg and Spain on pages 140 and 141\n2 2018 includes the impact of closing tax audits across the Group during the year, including in Germany and Romania\n3 Includes a €42 million credit (2018: €15 million charge, 2017 €95 million charge) relating to the combination of Vodafone India with Idea Cellular",
"table": "\t2019 €m\t2018 €m\t2017 €m\nContinuing (loss)/profit before tax as shown in the consolidated income statement\t(2,613)\t3,878\t2,792\nAggregated expected income tax (credit)/expense\t(457)\t985\t795\nImpairment losses with no tax effect\t807\t–\t–\nDisposal of Group investments\t–\t55\t(271)\nEffect of taxation of associates and joint ventures, reported within profit before tax\t262\t90\t23\n(Recognition)/derecognition of deferred tax assets for losses in Luxembourg and Spain1\t1,186\t(1,583)\t1,603\nDeferred tax following revaluation of investments in Luxembourg1\t(488)\t(330)\t(329)\nPreviously unrecognised temporary differences we expect to use in the future\t–\t–\t(15)\nPreviously unrecognised temporary differences utilised in the year\t–\t(29)\t(11)\nCurrent year temporary differences (including losses) that we currently do not expect to use\t78\t20\t139\nAdjustments in respect of prior year tax liabilities2\t(94)\t(244)\t(107)\nRevaluation of assets for tax purposes\t–\t–\t(39)\nImpact of tax credits and irrecoverable taxes\t79\t93\t98\nDeferred tax on overseas earnings3\t(39)\t24\t26\nEffect of current year changes in statutory tax rates on deferred tax balances\t(2)\t(44)\t2,755\nFinancing costs not deductible for tax purposes\t67\t23\t25\nExpenses not deductible (income not taxable) for tax purposes\t97\t61\t72\nIncome tax expense/(credit)\t1,496\t(879)\t4,764"
} |
What is the deferred tax on overseas earnings, excluding the 95€m charge relating to the combination of Vodafone India with Idea Cellular? | -69 | {
"end": [
2017,
12,
31,
23,
59
],
"start": [
2017,
1,
1,
0,
0
]
} | {
"docID": "5f46a008-12b7-4c0d-b9e5-4b8e31cb0ba8",
"url": ""
} | {
"context": "Factors affecting the tax expense for the year\nThe table below explains the differences between the expected tax expense, being the aggregate of the Group’s geographical split of profits multiplied by the relevant local tax rates and the Group’s total tax expense for each year.\nNotes: 1 See note below regarding deferred tax asset recognition in Luxembourg and Spain on pages 140 and 141\n2 2018 includes the impact of closing tax audits across the Group during the year, including in Germany and Romania\n3 Includes a €42 million credit (2018: €15 million charge, 2017 €95 million charge) relating to the combination of Vodafone India with Idea Cellular",
"table": "\t2019 €m\t2018 €m\t2017 €m\nContinuing (loss)/profit before tax as shown in the consolidated income statement\t(2,613)\t3,878\t2,792\nAggregated expected income tax (credit)/expense\t(457)\t985\t795\nImpairment losses with no tax effect\t807\t–\t–\nDisposal of Group investments\t–\t55\t(271)\nEffect of taxation of associates and joint ventures, reported within profit before tax\t262\t90\t23\n(Recognition)/derecognition of deferred tax assets for losses in Luxembourg and Spain1\t1,186\t(1,583)\t1,603\nDeferred tax following revaluation of investments in Luxembourg1\t(488)\t(330)\t(329)\nPreviously unrecognised temporary differences we expect to use in the future\t–\t–\t(15)\nPreviously unrecognised temporary differences utilised in the year\t–\t(29)\t(11)\nCurrent year temporary differences (including losses) that we currently do not expect to use\t78\t20\t139\nAdjustments in respect of prior year tax liabilities2\t(94)\t(244)\t(107)\nRevaluation of assets for tax purposes\t–\t–\t(39)\nImpact of tax credits and irrecoverable taxes\t79\t93\t98\nDeferred tax on overseas earnings3\t(39)\t24\t26\nEffect of current year changes in statutory tax rates on deferred tax balances\t(2)\t(44)\t2,755\nFinancing costs not deductible for tax purposes\t67\t23\t25\nExpenses not deductible (income not taxable) for tax purposes\t97\t61\t72\nIncome tax expense/(credit)\t1,496\t(879)\t4,764"
} |
What is the change between - and - average income tax expense? | -1634 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2017,
1,
1,
0,
0
]
} | {
"docID": "5f46a008-12b7-4c0d-b9e5-4b8e31cb0ba8",
"url": ""
} | {
"context": "Factors affecting the tax expense for the year\nThe table below explains the differences between the expected tax expense, being the aggregate of the Group’s geographical split of profits multiplied by the relevant local tax rates and the Group’s total tax expense for each year.\nNotes: 1 See note below regarding deferred tax asset recognition in Luxembourg and Spain on pages 140 and 141\n2 2018 includes the impact of closing tax audits across the Group during the year, including in Germany and Romania\n3 Includes a €42 million credit (2018: €15 million charge, 2017 €95 million charge) relating to the combination of Vodafone India with Idea Cellular",
"table": "\t2019 €m\t2018 €m\t2017 €m\nContinuing (loss)/profit before tax as shown in the consolidated income statement\t(2,613)\t3,878\t2,792\nAggregated expected income tax (credit)/expense\t(457)\t985\t795\nImpairment losses with no tax effect\t807\t–\t–\nDisposal of Group investments\t–\t55\t(271)\nEffect of taxation of associates and joint ventures, reported within profit before tax\t262\t90\t23\n(Recognition)/derecognition of deferred tax assets for losses in Luxembourg and Spain1\t1,186\t(1,583)\t1,603\nDeferred tax following revaluation of investments in Luxembourg1\t(488)\t(330)\t(329)\nPreviously unrecognised temporary differences we expect to use in the future\t–\t–\t(15)\nPreviously unrecognised temporary differences utilised in the year\t–\t(29)\t(11)\nCurrent year temporary differences (including losses) that we currently do not expect to use\t78\t20\t139\nAdjustments in respect of prior year tax liabilities2\t(94)\t(244)\t(107)\nRevaluation of assets for tax purposes\t–\t–\t(39)\nImpact of tax credits and irrecoverable taxes\t79\t93\t98\nDeferred tax on overseas earnings3\t(39)\t24\t26\nEffect of current year changes in statutory tax rates on deferred tax balances\t(2)\t(44)\t2,755\nFinancing costs not deductible for tax purposes\t67\t23\t25\nExpenses not deductible (income not taxable) for tax purposes\t97\t61\t72\nIncome tax expense/(credit)\t1,496\t(879)\t4,764"
} |
What was the Expected term (in years)? | 6.1 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "9ff39953-d7ca-40e1-9824-a14c05ee91e8",
"url": ""
} | {
"context": "Share Options\nThe Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant.\nThe risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms.\nThe expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date.\nThe fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:\nThe weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.",
"table": "\t\tYear ended March 31, \t\n\t2019\t2018\t2017\nExpected term (in years)\t6.1\t6.1\t6.1\nRisk-free interest rate\t2.7%\t2.2%\t2.1%\nExpected volatility\t41.5%\t39.8%\t41.0%\nExpected dividend yield \t—%\t—%\t—%\nEstimated grant date fair value per ordinary share\t$37.15\t$26.52\t$20.22"
} |
What was the Expected term (in years)? | 6.1 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "9ff39953-d7ca-40e1-9824-a14c05ee91e8",
"url": ""
} | {
"context": "Share Options\nThe Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant.\nThe risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms.\nThe expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date.\nThe fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:\nThe weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.",
"table": "\t\tYear ended March 31, \t\n\t2019\t2018\t2017\nExpected term (in years)\t6.1\t6.1\t6.1\nRisk-free interest rate\t2.7%\t2.2%\t2.1%\nExpected volatility\t41.5%\t39.8%\t41.0%\nExpected dividend yield \t—%\t—%\t—%\nEstimated grant date fair value per ordinary share\t$37.15\t$26.52\t$20.22"
} |
What was the Expected term (in years)? | 6.1 | {
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2017,
12,
31,
23,
59
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"start": [
2017,
1,
1,
0,
0
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} | {
"docID": "9ff39953-d7ca-40e1-9824-a14c05ee91e8",
"url": ""
} | {
"context": "Share Options\nThe Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant.\nThe risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms.\nThe expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date.\nThe fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:\nThe weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.",
"table": "\t\tYear ended March 31, \t\n\t2019\t2018\t2017\nExpected term (in years)\t6.1\t6.1\t6.1\nRisk-free interest rate\t2.7%\t2.2%\t2.1%\nExpected volatility\t41.5%\t39.8%\t41.0%\nExpected dividend yield \t—%\t—%\t—%\nEstimated grant date fair value per ordinary share\t$37.15\t$26.52\t$20.22"
} |
What was the change in the Risk-free interest rate? | 0.5 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "9ff39953-d7ca-40e1-9824-a14c05ee91e8",
"url": ""
} | {
"context": "Share Options\nThe Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant.\nThe risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms.\nThe expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date.\nThe fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:\nThe weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.",
"table": "\t\tYear ended March 31, \t\n\t2019\t2018\t2017\nExpected term (in years)\t6.1\t6.1\t6.1\nRisk-free interest rate\t2.7%\t2.2%\t2.1%\nExpected volatility\t41.5%\t39.8%\t41.0%\nExpected dividend yield \t—%\t—%\t—%\nEstimated grant date fair value per ordinary share\t$37.15\t$26.52\t$20.22"
} |
What was the average Expected volatility between -? | 40.77 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2017,
1,
1,
0,
0
]
} | {
"docID": "9ff39953-d7ca-40e1-9824-a14c05ee91e8",
"url": ""
} | {
"context": "Share Options\nThe Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant.\nThe risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms.\nThe expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date.\nThe fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:\nThe weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.",
"table": "\t\tYear ended March 31, \t\n\t2019\t2018\t2017\nExpected term (in years)\t6.1\t6.1\t6.1\nRisk-free interest rate\t2.7%\t2.2%\t2.1%\nExpected volatility\t41.5%\t39.8%\t41.0%\nExpected dividend yield \t—%\t—%\t—%\nEstimated grant date fair value per ordinary share\t$37.15\t$26.52\t$20.22"
} |
What was the net income(loss)? | $18,398 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "77d32d68-40b6-4c76-8151-58b6e99bae9a",
"url": ""
} | {
"context": "NOTE 14 – EARNINGS (LOSS) PER SHARE\nBasic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):\nAll outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.\nWe have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.",
"table": "\t\tYear Ended February 28,\t\n\t2019\t2018\t2017\nNet income (loss)\t$18,398\t$16,617\t$(7,904)\nBasic weighted average number of common shares outstanding\t34,589\t35,250\t35,917\nEffect of stock options and restricted stock units computed on\t\t\t\ntreasury stock method\t705\t889\t-\nDiluted weighted average number of common shares outstanding\t35,294\t36,139\t35,917\nEarnings (loss) per share:\t\t\t\nBasic\t$0.53\t$0.47\t$(0.22)\nDiluted\t$0.52\t$0.46\t$(0.22)"
} |
What was the net income(loss)? | $16,617 | {
"end": [
2018,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "77d32d68-40b6-4c76-8151-58b6e99bae9a",
"url": ""
} | {
"context": "NOTE 14 – EARNINGS (LOSS) PER SHARE\nBasic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):\nAll outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.\nWe have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.",
"table": "\t\tYear Ended February 28,\t\n\t2019\t2018\t2017\nNet income (loss)\t$18,398\t$16,617\t$(7,904)\nBasic weighted average number of common shares outstanding\t34,589\t35,250\t35,917\nEffect of stock options and restricted stock units computed on\t\t\t\ntreasury stock method\t705\t889\t-\nDiluted weighted average number of common shares outstanding\t35,294\t36,139\t35,917\nEarnings (loss) per share:\t\t\t\nBasic\t$0.53\t$0.47\t$(0.22)\nDiluted\t$0.52\t$0.46\t$(0.22)"
} |
What was the percentage change in net income(loss)? | 10.72 | {
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2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "77d32d68-40b6-4c76-8151-58b6e99bae9a",
"url": ""
} | {
"context": "NOTE 14 – EARNINGS (LOSS) PER SHARE\nBasic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):\nAll outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.\nWe have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.",
"table": "\t\tYear Ended February 28,\t\n\t2019\t2018\t2017\nNet income (loss)\t$18,398\t$16,617\t$(7,904)\nBasic weighted average number of common shares outstanding\t34,589\t35,250\t35,917\nEffect of stock options and restricted stock units computed on\t\t\t\ntreasury stock method\t705\t889\t-\nDiluted weighted average number of common shares outstanding\t35,294\t36,139\t35,917\nEarnings (loss) per share:\t\t\t\nBasic\t$0.53\t$0.47\t$(0.22)\nDiluted\t$0.52\t$0.46\t$(0.22)"
} |
What was the percentage change in Basic weighted average number of common shares outstanding? | -1.88 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "77d32d68-40b6-4c76-8151-58b6e99bae9a",
"url": ""
} | {
"context": "NOTE 14 – EARNINGS (LOSS) PER SHARE\nBasic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):\nAll outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.\nWe have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.",
"table": "\t\tYear Ended February 28,\t\n\t2019\t2018\t2017\nNet income (loss)\t$18,398\t$16,617\t$(7,904)\nBasic weighted average number of common shares outstanding\t34,589\t35,250\t35,917\nEffect of stock options and restricted stock units computed on\t\t\t\ntreasury stock method\t705\t889\t-\nDiluted weighted average number of common shares outstanding\t35,294\t36,139\t35,917\nEarnings (loss) per share:\t\t\t\nBasic\t$0.53\t$0.47\t$(0.22)\nDiluted\t$0.52\t$0.46\t$(0.22)"
} |
What is the change in Basic earnings(loss) per share? | 0.06 | {
"end": [
2019,
1,
1,
0,
0
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "77d32d68-40b6-4c76-8151-58b6e99bae9a",
"url": ""
} | {
"context": "NOTE 14 – EARNINGS (LOSS) PER SHARE\nBasic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):\nAll outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.\nWe have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.",
"table": "\t\tYear Ended February 28,\t\n\t2019\t2018\t2017\nNet income (loss)\t$18,398\t$16,617\t$(7,904)\nBasic weighted average number of common shares outstanding\t34,589\t35,250\t35,917\nEffect of stock options and restricted stock units computed on\t\t\t\ntreasury stock method\t705\t889\t-\nDiluted weighted average number of common shares outstanding\t35,294\t36,139\t35,917\nEarnings (loss) per share:\t\t\t\nBasic\t$0.53\t$0.47\t$(0.22)\nDiluted\t$0.52\t$0.46\t$(0.22)"
} |
How much was commited as of, of total available lines of credit? | $1,137.4 million | {
"end": [
1931,
12,
31,
23,
59
],
"start": [
1931,
12,
1,
0,
0
]
} | {
"docID": "61f41f41-aea6-44ef-96cc-0fc960d24513",
"url": ""
} | {
"context": "Lines of Credit\nThe following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility discussed above, and the amounts available under our accounts receivable securitization programs.\n(1) Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.\n(2) Of the total available lines of credit, $1,137.4 million were committed as of December 31, 2019.",
"table": "\tDecember 31,\t\n(In millions)\t2019\t2018\nUsed lines of credit (1)\t$ 98.9\t$ 232.8\nUnused lines of credit\t1,245.2\t1,135.3\nTotal available lines of credit(2)\t$ 1,344.1\t$ 1,368.1"
} |
How much money has not been committed as of, for total available lines of credit? | 206.7 | {
"end": [
1931,
12,
31,
23,
59
],
"start": [
1931,
12,
1,
0,
0
]
} | {
"docID": "61f41f41-aea6-44ef-96cc-0fc960d24513",
"url": ""
} | {
"context": "Lines of Credit\nThe following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility discussed above, and the amounts available under our accounts receivable securitization programs.\n(1) Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.\n(2) Of the total available lines of credit, $1,137.4 million were committed as of December 31, 2019.",
"table": "\tDecember 31,\t\n(In millions)\t2019\t2018\nUsed lines of credit (1)\t$ 98.9\t$ 232.8\nUnused lines of credit\t1,245.2\t1,135.3\nTotal available lines of credit(2)\t$ 1,344.1\t$ 1,368.1"
} |
What is the percentage of used lines of credit to Total available lines of credit as of? | 7.36 | {
"end": [
1931,
12,
31,
23,
59
],
"start": [
1931,
12,
1,
0,
0
]
} | {
"docID": "61f41f41-aea6-44ef-96cc-0fc960d24513",
"url": ""
} | {
"context": "Lines of Credit\nThe following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility discussed above, and the amounts available under our accounts receivable securitization programs.\n(1) Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.\n(2) Of the total available lines of credit, $1,137.4 million were committed as of December 31, 2019.",
"table": "\tDecember 31,\t\n(In millions)\t2019\t2018\nUsed lines of credit (1)\t$ 98.9\t$ 232.8\nUnused lines of credit\t1,245.2\t1,135.3\nTotal available lines of credit(2)\t$ 1,344.1\t$ 1,368.1"
} |
What is the difference between the Unused lines of credit? | 109.9 | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2018,
1,
1,
0,
0
]
} | {
"docID": "61f41f41-aea6-44ef-96cc-0fc960d24513",
"url": ""
} | {
"context": "Lines of Credit\nThe following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility discussed above, and the amounts available under our accounts receivable securitization programs.\n(1) Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.\n(2) Of the total available lines of credit, $1,137.4 million were committed as of December 31, 2019.",
"table": "\tDecember 31,\t\n(In millions)\t2019\t2018\nUsed lines of credit (1)\t$ 98.9\t$ 232.8\nUnused lines of credit\t1,245.2\t1,135.3\nTotal available lines of credit(2)\t$ 1,344.1\t$ 1,368.1"
} |
What caused the increase in Cloud & Cognitive Software revenue? | There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. | {
"end": [
2019,
12,
31,
23,
59
],
"start": [
2019,
1,
1,
0,
0
]
} | {
"docID": "235778bf-8ef9-4daa-b0d2-382d84fce0d4",
"url": ""
} | {
"context": "Cloud & Cognitive Software\n* Recast to reflect segment changes.\n** 2019 results were impacted by Red Hat purchase accounting.\nCloud & Cognitive Software revenue of $23,200 million increased 4.5 percent as reported (6 percent adjusted for currency) in 2019 compared to the prior year. There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. Red Hat and IBM are driving synergies with strong adoption of Cloud Paks since their introduction, expansion of our combined client base and more than 2,000 clients using our hybrid cloud platform. Cognitive Applications also grew as reported and at constant currency. Transaction Processing Platforms declined year to year as reported, but grew 1 percent adjusted for currency driven by strong fourth-quarter performance.\nCognitive Applications revenue of $5,765 million grew 2.3 percent as reported (4 percent adjusted for currency) compared to the prior year, driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. The Security performance included continued strong results in threat management software and services offerings. Within IoT, we had good revenue performance across the portfolio as we continued to invest in new offerings and industry-specific solutions.\nCloud & Data Platforms revenue of $9,499 million increased 10.4 percent as reported (12 percent adjusted for currency) compared to the prior year. Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy.\nTransaction Processing Platforms revenue of $7,936 million decreased 0.5 percent as reported, but grew 1 percent adjusted for currency in 2019, compared to the prior year. Revenue performance reflects the ongoing investment in IBM platforms, and the timing of larger transactions that are tied to client business volumes and buying cycles.\nWithin Cloud & Cognitive Software, cloud revenue of $4.2 billion grew 40 percent as reported and 42 percent adjusted for currency year to year, reflecting the acquisition of Red Hat and client adoption of our hybrid cloud offerings.",
"table": "($ in millions)\t\t\t\t\nFor the year ended December 31:\t2019\t2018\tYr.-to-Yr. Percent Change **\tYr.-to-Yr. Percent Change Adjusted for Currency **\nCloud & Cognitive Software external revenue\t$23,200\t$22,209\t4.5%\t6.2%\nCognitive Applications\t$ 5,765\t$ 5,633\t2.3%\t3.9%\nCloud & Data Platforms\t9,499\t8,603\t10.4\t12.3\nTransaction Processing Platforms\t7,936\t7,974\t(0.5)\t1.4"
} |
What caused the increase in Cognitive Applications revenue? | driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. | {
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2019,
12,
31,
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59
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2019,
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"docID": "235778bf-8ef9-4daa-b0d2-382d84fce0d4",
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} | {
"context": "Cloud & Cognitive Software\n* Recast to reflect segment changes.\n** 2019 results were impacted by Red Hat purchase accounting.\nCloud & Cognitive Software revenue of $23,200 million increased 4.5 percent as reported (6 percent adjusted for currency) in 2019 compared to the prior year. There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. Red Hat and IBM are driving synergies with strong adoption of Cloud Paks since their introduction, expansion of our combined client base and more than 2,000 clients using our hybrid cloud platform. Cognitive Applications also grew as reported and at constant currency. Transaction Processing Platforms declined year to year as reported, but grew 1 percent adjusted for currency driven by strong fourth-quarter performance.\nCognitive Applications revenue of $5,765 million grew 2.3 percent as reported (4 percent adjusted for currency) compared to the prior year, driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. The Security performance included continued strong results in threat management software and services offerings. Within IoT, we had good revenue performance across the portfolio as we continued to invest in new offerings and industry-specific solutions.\nCloud & Data Platforms revenue of $9,499 million increased 10.4 percent as reported (12 percent adjusted for currency) compared to the prior year. Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy.\nTransaction Processing Platforms revenue of $7,936 million decreased 0.5 percent as reported, but grew 1 percent adjusted for currency in 2019, compared to the prior year. Revenue performance reflects the ongoing investment in IBM platforms, and the timing of larger transactions that are tied to client business volumes and buying cycles.\nWithin Cloud & Cognitive Software, cloud revenue of $4.2 billion grew 40 percent as reported and 42 percent adjusted for currency year to year, reflecting the acquisition of Red Hat and client adoption of our hybrid cloud offerings.",
"table": "($ in millions)\t\t\t\t\nFor the year ended December 31:\t2019\t2018\tYr.-to-Yr. Percent Change **\tYr.-to-Yr. Percent Change Adjusted for Currency **\nCloud & Cognitive Software external revenue\t$23,200\t$22,209\t4.5%\t6.2%\nCognitive Applications\t$ 5,765\t$ 5,633\t2.3%\t3.9%\nCloud & Data Platforms\t9,499\t8,603\t10.4\t12.3\nTransaction Processing Platforms\t7,936\t7,974\t(0.5)\t1.4"
} |
What caused the increase in Cloud & Data Platforms revenue? | Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy. | {
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"context": "Cloud & Cognitive Software\n* Recast to reflect segment changes.\n** 2019 results were impacted by Red Hat purchase accounting.\nCloud & Cognitive Software revenue of $23,200 million increased 4.5 percent as reported (6 percent adjusted for currency) in 2019 compared to the prior year. There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. Red Hat and IBM are driving synergies with strong adoption of Cloud Paks since their introduction, expansion of our combined client base and more than 2,000 clients using our hybrid cloud platform. Cognitive Applications also grew as reported and at constant currency. Transaction Processing Platforms declined year to year as reported, but grew 1 percent adjusted for currency driven by strong fourth-quarter performance.\nCognitive Applications revenue of $5,765 million grew 2.3 percent as reported (4 percent adjusted for currency) compared to the prior year, driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. The Security performance included continued strong results in threat management software and services offerings. Within IoT, we had good revenue performance across the portfolio as we continued to invest in new offerings and industry-specific solutions.\nCloud & Data Platforms revenue of $9,499 million increased 10.4 percent as reported (12 percent adjusted for currency) compared to the prior year. Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy.\nTransaction Processing Platforms revenue of $7,936 million decreased 0.5 percent as reported, but grew 1 percent adjusted for currency in 2019, compared to the prior year. Revenue performance reflects the ongoing investment in IBM platforms, and the timing of larger transactions that are tied to client business volumes and buying cycles.\nWithin Cloud & Cognitive Software, cloud revenue of $4.2 billion grew 40 percent as reported and 42 percent adjusted for currency year to year, reflecting the acquisition of Red Hat and client adoption of our hybrid cloud offerings.",
"table": "($ in millions)\t\t\t\t\nFor the year ended December 31:\t2019\t2018\tYr.-to-Yr. Percent Change **\tYr.-to-Yr. Percent Change Adjusted for Currency **\nCloud & Cognitive Software external revenue\t$23,200\t$22,209\t4.5%\t6.2%\nCognitive Applications\t$ 5,765\t$ 5,633\t2.3%\t3.9%\nCloud & Data Platforms\t9,499\t8,603\t10.4\t12.3\nTransaction Processing Platforms\t7,936\t7,974\t(0.5)\t1.4"
} |
What was the average Cloud & Cognitive Software external revenue? | 22704.5 | {
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"context": "Cloud & Cognitive Software\n* Recast to reflect segment changes.\n** 2019 results were impacted by Red Hat purchase accounting.\nCloud & Cognitive Software revenue of $23,200 million increased 4.5 percent as reported (6 percent adjusted for currency) in 2019 compared to the prior year. There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. Red Hat and IBM are driving synergies with strong adoption of Cloud Paks since their introduction, expansion of our combined client base and more than 2,000 clients using our hybrid cloud platform. Cognitive Applications also grew as reported and at constant currency. Transaction Processing Platforms declined year to year as reported, but grew 1 percent adjusted for currency driven by strong fourth-quarter performance.\nCognitive Applications revenue of $5,765 million grew 2.3 percent as reported (4 percent adjusted for currency) compared to the prior year, driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. The Security performance included continued strong results in threat management software and services offerings. Within IoT, we had good revenue performance across the portfolio as we continued to invest in new offerings and industry-specific solutions.\nCloud & Data Platforms revenue of $9,499 million increased 10.4 percent as reported (12 percent adjusted for currency) compared to the prior year. Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy.\nTransaction Processing Platforms revenue of $7,936 million decreased 0.5 percent as reported, but grew 1 percent adjusted for currency in 2019, compared to the prior year. Revenue performance reflects the ongoing investment in IBM platforms, and the timing of larger transactions that are tied to client business volumes and buying cycles.\nWithin Cloud & Cognitive Software, cloud revenue of $4.2 billion grew 40 percent as reported and 42 percent adjusted for currency year to year, reflecting the acquisition of Red Hat and client adoption of our hybrid cloud offerings.",
"table": "($ in millions)\t\t\t\t\nFor the year ended December 31:\t2019\t2018\tYr.-to-Yr. Percent Change **\tYr.-to-Yr. Percent Change Adjusted for Currency **\nCloud & Cognitive Software external revenue\t$23,200\t$22,209\t4.5%\t6.2%\nCognitive Applications\t$ 5,765\t$ 5,633\t2.3%\t3.9%\nCloud & Data Platforms\t9,499\t8,603\t10.4\t12.3\nTransaction Processing Platforms\t7,936\t7,974\t(0.5)\t1.4"
} |
What percentage of Cloud & Cognitive Software external revenue was Transaction Processing Platforms? | 34.21 | {
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"context": "Cloud & Cognitive Software\n* Recast to reflect segment changes.\n** 2019 results were impacted by Red Hat purchase accounting.\nCloud & Cognitive Software revenue of $23,200 million increased 4.5 percent as reported (6 percent adjusted for currency) in 2019 compared to the prior year. There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. Red Hat and IBM are driving synergies with strong adoption of Cloud Paks since their introduction, expansion of our combined client base and more than 2,000 clients using our hybrid cloud platform. Cognitive Applications also grew as reported and at constant currency. Transaction Processing Platforms declined year to year as reported, but grew 1 percent adjusted for currency driven by strong fourth-quarter performance.\nCognitive Applications revenue of $5,765 million grew 2.3 percent as reported (4 percent adjusted for currency) compared to the prior year, driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. The Security performance included continued strong results in threat management software and services offerings. Within IoT, we had good revenue performance across the portfolio as we continued to invest in new offerings and industry-specific solutions.\nCloud & Data Platforms revenue of $9,499 million increased 10.4 percent as reported (12 percent adjusted for currency) compared to the prior year. Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy.\nTransaction Processing Platforms revenue of $7,936 million decreased 0.5 percent as reported, but grew 1 percent adjusted for currency in 2019, compared to the prior year. Revenue performance reflects the ongoing investment in IBM platforms, and the timing of larger transactions that are tied to client business volumes and buying cycles.\nWithin Cloud & Cognitive Software, cloud revenue of $4.2 billion grew 40 percent as reported and 42 percent adjusted for currency year to year, reflecting the acquisition of Red Hat and client adoption of our hybrid cloud offerings.",
"table": "($ in millions)\t\t\t\t\nFor the year ended December 31:\t2019\t2018\tYr.-to-Yr. Percent Change **\tYr.-to-Yr. Percent Change Adjusted for Currency **\nCloud & Cognitive Software external revenue\t$23,200\t$22,209\t4.5%\t6.2%\nCognitive Applications\t$ 5,765\t$ 5,633\t2.3%\t3.9%\nCloud & Data Platforms\t9,499\t8,603\t10.4\t12.3\nTransaction Processing Platforms\t7,936\t7,974\t(0.5)\t1.4"
} |
What is the average of Cloud & Data Platforms? | 9051 | {
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"context": "Cloud & Cognitive Software\n* Recast to reflect segment changes.\n** 2019 results were impacted by Red Hat purchase accounting.\nCloud & Cognitive Software revenue of $23,200 million increased 4.5 percent as reported (6 percent adjusted for currency) in 2019 compared to the prior year. There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. Red Hat and IBM are driving synergies with strong adoption of Cloud Paks since their introduction, expansion of our combined client base and more than 2,000 clients using our hybrid cloud platform. Cognitive Applications also grew as reported and at constant currency. Transaction Processing Platforms declined year to year as reported, but grew 1 percent adjusted for currency driven by strong fourth-quarter performance.\nCognitive Applications revenue of $5,765 million grew 2.3 percent as reported (4 percent adjusted for currency) compared to the prior year, driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. The Security performance included continued strong results in threat management software and services offerings. Within IoT, we had good revenue performance across the portfolio as we continued to invest in new offerings and industry-specific solutions.\nCloud & Data Platforms revenue of $9,499 million increased 10.4 percent as reported (12 percent adjusted for currency) compared to the prior year. Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy.\nTransaction Processing Platforms revenue of $7,936 million decreased 0.5 percent as reported, but grew 1 percent adjusted for currency in 2019, compared to the prior year. Revenue performance reflects the ongoing investment in IBM platforms, and the timing of larger transactions that are tied to client business volumes and buying cycles.\nWithin Cloud & Cognitive Software, cloud revenue of $4.2 billion grew 40 percent as reported and 42 percent adjusted for currency year to year, reflecting the acquisition of Red Hat and client adoption of our hybrid cloud offerings.",
"table": "($ in millions)\t\t\t\t\nFor the year ended December 31:\t2019\t2018\tYr.-to-Yr. Percent Change **\tYr.-to-Yr. Percent Change Adjusted for Currency **\nCloud & Cognitive Software external revenue\t$23,200\t$22,209\t4.5%\t6.2%\nCognitive Applications\t$ 5,765\t$ 5,633\t2.3%\t3.9%\nCloud & Data Platforms\t9,499\t8,603\t10.4\t12.3\nTransaction Processing Platforms\t7,936\t7,974\t(0.5)\t1.4"
} |
What is the total Asia Pacific revenues? | 6,490 | {
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"context": "The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).\nRevenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.",
"table": "Year Ended December 31,\t\t\n\t2019\t2018\nAsia Pacific\t\t\nTravel\t$6,274\t$7,351\nLocal\t216\t508\nTotal Asia Pacific revenues\t6,490\t7,859\nEurope\t\t\nTravel\t32,081\t30,856\nLocal\t4,817\t5,293\nTotal Europe revenues\t36,898\t36,149\nNorth America\t\t\nTravel\t57,863\t56,145\nLocal\t10,161\t11,169\nTotal North America revenues\t68,024\t67,314\nConsolidated\t\t\nTravel\t96,218\t94,352\nLocal\t15,194\t16,970\nTotal revenues\t$111,412\t111,322"
} |
What is the total Asia Pacific revenues? | 7,859 | {
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"context": "The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).\nRevenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.",
"table": "Year Ended December 31,\t\t\n\t2019\t2018\nAsia Pacific\t\t\nTravel\t$6,274\t$7,351\nLocal\t216\t508\nTotal Asia Pacific revenues\t6,490\t7,859\nEurope\t\t\nTravel\t32,081\t30,856\nLocal\t4,817\t5,293\nTotal Europe revenues\t36,898\t36,149\nNorth America\t\t\nTravel\t57,863\t56,145\nLocal\t10,161\t11,169\nTotal North America revenues\t68,024\t67,314\nConsolidated\t\t\nTravel\t96,218\t94,352\nLocal\t15,194\t16,970\nTotal revenues\t$111,412\t111,322"
} |
What is the total Europe revenues? | 36,898 | {
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"context": "The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).\nRevenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.",
"table": "Year Ended December 31,\t\t\n\t2019\t2018\nAsia Pacific\t\t\nTravel\t$6,274\t$7,351\nLocal\t216\t508\nTotal Asia Pacific revenues\t6,490\t7,859\nEurope\t\t\nTravel\t32,081\t30,856\nLocal\t4,817\t5,293\nTotal Europe revenues\t36,898\t36,149\nNorth America\t\t\nTravel\t57,863\t56,145\nLocal\t10,161\t11,169\nTotal North America revenues\t68,024\t67,314\nConsolidated\t\t\nTravel\t96,218\t94,352\nLocal\t15,194\t16,970\nTotal revenues\t$111,412\t111,322"
} |
What is the total Europe revenues? | 36,149 | {
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"context": "The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).\nRevenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.",
"table": "Year Ended December 31,\t\t\n\t2019\t2018\nAsia Pacific\t\t\nTravel\t$6,274\t$7,351\nLocal\t216\t508\nTotal Asia Pacific revenues\t6,490\t7,859\nEurope\t\t\nTravel\t32,081\t30,856\nLocal\t4,817\t5,293\nTotal Europe revenues\t36,898\t36,149\nNorth America\t\t\nTravel\t57,863\t56,145\nLocal\t10,161\t11,169\nTotal North America revenues\t68,024\t67,314\nConsolidated\t\t\nTravel\t96,218\t94,352\nLocal\t15,194\t16,970\nTotal revenues\t$111,412\t111,322"
} |
What is the change in total revenues? | 90 | {
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"context": "The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).\nRevenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.",
"table": "Year Ended December 31,\t\t\n\t2019\t2018\nAsia Pacific\t\t\nTravel\t$6,274\t$7,351\nLocal\t216\t508\nTotal Asia Pacific revenues\t6,490\t7,859\nEurope\t\t\nTravel\t32,081\t30,856\nLocal\t4,817\t5,293\nTotal Europe revenues\t36,898\t36,149\nNorth America\t\t\nTravel\t57,863\t56,145\nLocal\t10,161\t11,169\nTotal North America revenues\t68,024\t67,314\nConsolidated\t\t\nTravel\t96,218\t94,352\nLocal\t15,194\t16,970\nTotal revenues\t$111,412\t111,322"
} |
What is the average of the total Asia Pacific revenues? | 7174.5 | {
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"context": "The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).\nRevenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.",
"table": "Year Ended December 31,\t\t\n\t2019\t2018\nAsia Pacific\t\t\nTravel\t$6,274\t$7,351\nLocal\t216\t508\nTotal Asia Pacific revenues\t6,490\t7,859\nEurope\t\t\nTravel\t32,081\t30,856\nLocal\t4,817\t5,293\nTotal Europe revenues\t36,898\t36,149\nNorth America\t\t\nTravel\t57,863\t56,145\nLocal\t10,161\t11,169\nTotal North America revenues\t68,024\t67,314\nConsolidated\t\t\nTravel\t96,218\t94,352\nLocal\t15,194\t16,970\nTotal revenues\t$111,412\t111,322"
} |
, how many geographic regions have total revenues of more than $20,000 thousand? | 2 | {
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"context": "The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).\nRevenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.",
"table": "Year Ended December 31,\t\t\n\t2019\t2018\nAsia Pacific\t\t\nTravel\t$6,274\t$7,351\nLocal\t216\t508\nTotal Asia Pacific revenues\t6,490\t7,859\nEurope\t\t\nTravel\t32,081\t30,856\nLocal\t4,817\t5,293\nTotal Europe revenues\t36,898\t36,149\nNorth America\t\t\nTravel\t57,863\t56,145\nLocal\t10,161\t11,169\nTotal North America revenues\t68,024\t67,314\nConsolidated\t\t\nTravel\t96,218\t94,352\nLocal\t15,194\t16,970\nTotal revenues\t$111,412\t111,322"
} |
What was the change in the employee benefit? | -355 | {
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"context": "Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:\nAt December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.\nFurthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.\nAt December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.\nDuring 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.",
"table": "\t\t(dollars in millions)\nAt December 31,\t2019\t2018\nDeferred Tax Assets\t\t\nEmployee benefits\t$ 5,048\t$ 5,403\nTax loss and credit carry forwards\t3,012\t3,576\nOther – assets\t5,595\t1,650\n\t13,655\t10,629\nValuation allowances\t(2,260)\t(2,741)\nDeferred tax assets\t11,395\t7,888\nDeferred Tax Liabilities\t\t\nSpectrum and other intangible amortization\t22,388\t21,976\nDepreciation\t16,884\t15,662\nOther—liabilities\t6,742\t3,976\nDeferred tax liabilities\t46,014\t41,614\nNet deferred tax liability\t$ 34,619\t$ 33,726"
} |
What was the average tax loss and credit carry forward? | 3294 | {
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"context": "Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:\nAt December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.\nFurthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.\nAt December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.\nDuring 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.",
"table": "\t\t(dollars in millions)\nAt December 31,\t2019\t2018\nDeferred Tax Assets\t\t\nEmployee benefits\t$ 5,048\t$ 5,403\nTax loss and credit carry forwards\t3,012\t3,576\nOther – assets\t5,595\t1,650\n\t13,655\t10,629\nValuation allowances\t(2,260)\t(2,741)\nDeferred tax assets\t11,395\t7,888\nDeferred Tax Liabilities\t\t\nSpectrum and other intangible amortization\t22,388\t21,976\nDepreciation\t16,884\t15,662\nOther—liabilities\t6,742\t3,976\nDeferred tax liabilities\t46,014\t41,614\nNet deferred tax liability\t$ 34,619\t$ 33,726"
} |
What was the average other assets? | 3622.5 | {
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"context": "Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:\nAt December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.\nFurthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.\nAt December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.\nDuring 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.",
"table": "\t\t(dollars in millions)\nAt December 31,\t2019\t2018\nDeferred Tax Assets\t\t\nEmployee benefits\t$ 5,048\t$ 5,403\nTax loss and credit carry forwards\t3,012\t3,576\nOther – assets\t5,595\t1,650\n\t13,655\t10,629\nValuation allowances\t(2,260)\t(2,741)\nDeferred tax assets\t11,395\t7,888\nDeferred Tax Liabilities\t\t\nSpectrum and other intangible amortization\t22,388\t21,976\nDepreciation\t16,884\t15,662\nOther—liabilities\t6,742\t3,976\nDeferred tax liabilities\t46,014\t41,614\nNet deferred tax liability\t$ 34,619\t$ 33,726"
} |
What was the undistributed earnings of foreign subsidiary invested outside the US amounted? | $3.8 billion | {
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"context": "Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:\nAt December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.\nFurthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.\nAt December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.\nDuring 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.",
"table": "\t\t(dollars in millions)\nAt December 31,\t2019\t2018\nDeferred Tax Assets\t\t\nEmployee benefits\t$ 5,048\t$ 5,403\nTax loss and credit carry forwards\t3,012\t3,576\nOther – assets\t5,595\t1,650\n\t13,655\t10,629\nValuation allowances\t(2,260)\t(2,741)\nDeferred tax assets\t11,395\t7,888\nDeferred Tax Liabilities\t\t\nSpectrum and other intangible amortization\t22,388\t21,976\nDepreciation\t16,884\t15,662\nOther—liabilities\t6,742\t3,976\nDeferred tax liabilities\t46,014\t41,614\nNet deferred tax liability\t$ 34,619\t$ 33,726"
} |
What was the net after tax loss and credit carry forward for income tax? | $3.0 billion | {
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"context": "Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:\nAt December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.\nFurthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.\nAt December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.\nDuring 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.",
"table": "\t\t(dollars in millions)\nAt December 31,\t2019\t2018\nDeferred Tax Assets\t\t\nEmployee benefits\t$ 5,048\t$ 5,403\nTax loss and credit carry forwards\t3,012\t3,576\nOther – assets\t5,595\t1,650\n\t13,655\t10,629\nValuation allowances\t(2,260)\t(2,741)\nDeferred tax assets\t11,395\t7,888\nDeferred Tax Liabilities\t\t\nSpectrum and other intangible amortization\t22,388\t21,976\nDepreciation\t16,884\t15,662\nOther—liabilities\t6,742\t3,976\nDeferred tax liabilities\t46,014\t41,614\nNet deferred tax liability\t$ 34,619\t$ 33,726"
} |
What was the valuation allowance decrease? | $481 million | {
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"context": "Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:\nAt December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.\nFurthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.\nAt December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.\nDuring 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.",
"table": "\t\t(dollars in millions)\nAt December 31,\t2019\t2018\nDeferred Tax Assets\t\t\nEmployee benefits\t$ 5,048\t$ 5,403\nTax loss and credit carry forwards\t3,012\t3,576\nOther – assets\t5,595\t1,650\n\t13,655\t10,629\nValuation allowances\t(2,260)\t(2,741)\nDeferred tax assets\t11,395\t7,888\nDeferred Tax Liabilities\t\t\nSpectrum and other intangible amortization\t22,388\t21,976\nDepreciation\t16,884\t15,662\nOther—liabilities\t6,742\t3,976\nDeferred tax liabilities\t46,014\t41,614\nNet deferred tax liability\t$ 34,619\t$ 33,726"
} |
What is the change in the expected volatility? | 2 | {
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"context": "ASSUMPTIONS USED IN STOCK OPTION PRICING MODEL\nThe fair value of options granted was determined using a variation of a binomial option pricing model that takes into account factors specific to the share incentive plans, such as the vesting period. The following table shows the principal assumptions used in the valuation.\nExpected dividend growth is commensurate with BCE’s dividend growth strategy. Expected volatility is based on the historical volatility of BCE’s share price. The risk-free rate used is equal to the yield available on Government of Canada bonds at the date of grant with a term equal to the expected life of the options",
"table": "\t2019\t2018\nWeighted average fair value per option granted\t$2.34\t$2.13\nWeighted average share price\t$58\t$57\nWeighted average exercise price\t$58\t$56\nExpected dividend growth\t5%\t5%\nExpected volatility\t14%\t12%\nRisk-free interest rate\t2%\t2%\nExpected life (years)\t4\t4"
} |
What is the average expected life over? | 4 | {
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"context": "ASSUMPTIONS USED IN STOCK OPTION PRICING MODEL\nThe fair value of options granted was determined using a variation of a binomial option pricing model that takes into account factors specific to the share incentive plans, such as the vesting period. The following table shows the principal assumptions used in the valuation.\nExpected dividend growth is commensurate with BCE’s dividend growth strategy. Expected volatility is based on the historical volatility of BCE’s share price. The risk-free rate used is equal to the yield available on Government of Canada bonds at the date of grant with a term equal to the expected life of the options",
"table": "\t2019\t2018\nWeighted average fair value per option granted\t$2.34\t$2.13\nWeighted average share price\t$58\t$57\nWeighted average exercise price\t$58\t$56\nExpected dividend growth\t5%\t5%\nExpected volatility\t14%\t12%\nRisk-free interest rate\t2%\t2%\nExpected life (years)\t4\t4"
} |
How much was Consolidated net cash flow from operating activities for the year ended? | Consolidated net cash flow from operating activities increased to $383.3 million for the year ended December 31, 2019, from $182.1 million for the year ended December 31, 2018. | {
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"context": "The following table summarizes our consolidated cash and cash equivalents provided by (used for) operating, financing and investing activities for the periods presented:\nOperating Cash Flows\nOur consolidated net cash flow from operating activities fluctuates primarily as a result of changes in vessel utilization and TCE rates, changes in interest rates, fluctuations in working capital balances, the timing and amount of dry-docking expenditures, repairs and maintenance activities, vessel additions and dispositions, and foreign currency rates. Our exposure to the spot tanker market has contributed significantly to fluctuations in operating cash flows historically as a result of highly cyclical spot tanker rates.\nIn addition, the production performance of certain of our FPSO units that operate under contracts with a production-based compensation component has contributed to fluctuations in operating cash flows. As the charter contracts of some of our FPSO units include incentives based on average annual oil prices, the changes in global oil prices during recent years have also impacted our operating cash flows.\nConsolidated net cash flow from operating activities increased to $383.3 million for the year ended December 31, 2019, from $182.1 million for the year ended December 31, 2018. This increase was primarily due to a $127.2 million increase in income from operations mainly from operations (before depreciation, amortization, asset impairments, loss on sale of vessels and the amortization of in-process revenue contracts) of our businesses.\nFor further discussion of changes in income from vessel operations from our businesses, please read “Item 5 – Operating and Financial Review and Prospects: Management’s Discussion and Analysis of Financial Condition and Results of Operations – Recent Developments and Results of Operations.”\nIn addition, there was a $9.9 million increase in cash flows from changes to non-cash working capital, a $23.6 million increase in dividends received from joint ventures, and a $17.1 million increase in direct financing lease payments received, which are presented as an operating cash inflow instead of an investing cash inflow after the adoption of ASU 2016-02 in 2019.\nFurthermore, interest expense, including realized losses on interest rate swaps and cross currency swaps, decreased a net amount of $38.1 million for the year ended December 31, 2019 compared to 2018, primarily due to a decrease in realized losses on cross currency swaps. These increases were partially offset by an increase in cash outflows of $15.9 million in dry-dock expenditures for the year ended December 31, 2019, compared to 2018.\nFinancing Cash Flows\nThe Daughter Entities hold all of our liquefied gas carriers (Teekay LNG) and all of our conventional tanker assets (Teekay Tankers). Teekay LNG received $317.8 million of net proceeds from the sale-leaseback financing transactions for the Yamal Spirit and Torben Spirit for the year ended December 31, 2019, compared to $370.1 million from the sale-leaseback financing transactions completed for the Magdala, Myrina and Megara for the same period in 2018.\nTeekay Tankers received $63.7 million from the sale-leaseback financing transactions completed on two of its Suezmax tankers for the year ended December 31, 2019, compared to $241.3 million in the same period last year from the sale-leaseback financing transactions completed on eight Aframax tankers, one Suezmax tanker and one LR2 Product tanker.\nWe use our credit facilities to partially finance capital expenditures. Occasionally, we will use revolving credit facilities to finance these expenditures until longer-term financing is obtained, at which time we typically use all or a portion of the proceeds from the longer-term financings to prepay outstanding amounts under the revolving credit facilities. We actively manage the maturity profile of our outstanding financing arrangements.\nDuring 2019, we had a net cash outflow of $227.3 million relating primarily to prepayments of short-term and long-term debt, issuance costs and payments on maturity of cross currency swaps, net of proceeds from the issuances of short-term and long-term debt, compared to net cash inflow of $553.7 million in 2018. Scheduled repayments decreased by $438.1 million in 2019 compared to 2018.\nHistorically, the Daughter Entities have distributed operating cash flows to their owners in the form of distributions or dividends. There were no equity financing transactions from the Daughter Entities for the years ended December 31, 2019 and 2018. Teekay LNG repurchased $25.7 million of common units in the year ended December 31, 2019.\nTeekay Parent did not raise capital through equity financing transactions in December 31, 2019, compared to $103.7 million raised in 2018 from issuances of new equity to the public, thirdparty investors and two entities established by our founder (including Resolute, our largest shareholder). Cash dividends paid decreased by $16.6 million in 2019, as a result of the elimination of Teekay Parent's quarterly dividend on Teekay’s common stock commencing with the quarter ended March 31, 2019.\nInvesting Cash Flows\nDuring 2019, we received $100 million from Brookfield for the sale of our remaining interests in Altera (please read \"Item 18 – Financial Statements: Note 4 – Deconsolidation and Sale of Altera\"). We incurred capital expenditures for vessels and equipment of $109.5 million primarily for capitalized vessel modifications and shipyard construction installment payments in Teekay LNG.\nTeekay LNG received proceeds of $11.5 million from the sale of the Alexander Spirit and contributed $72.4 million to its equity-accounted joint ventures and loans to joint ventures for the year ended December 31, 2019, primarily to fund project expenditures in the Yamal LNG Joint Venture and the Bahrain LNG Joint Venture. During 2019, Teekay Tankers received proceeds of $19.6 million related to the sale of one Suezmax tanker.\nDuring 2018, we incurred capital expenditures for vessels and equipment of $0.7 billion, primarily for capitalized vessel modifications and shipyard construction installment payments. Teekay Parent advanced $25.0 million to Altera in the form of a senior unsecured revolving credit facility.\nTeekay LNG received proceeds of $54.4 million from the sale of Teekay LNG's 50% ownership interest in the Excelsior Joint Venture and $28.5 million from the sales of the European Spirit and African Spirit. Teekay LNG contributed $40.5 million to its equityaccounted joint ventures and loans to joint ventures for the year ended December 31, 2018, primarily to fund project expenditures in the Yamal LNG Joint Venture, the Bahrain LNG project, and the Pan Union Joint Venture, and for working capital requirements for the MALT Joint Venture.\nTeekay incurred a net $25.3 million cash outflow as a result of the 2017 Brookfield Transaction (please read \"Item 18 – Financial Statements: Note 4 – Deconsolidation and Sale of Altera\").",
"table": "(in thousands of U.S. Dollars)\tYear Ended December 31,\t\n\t2019\t2018\nNet operating cash flows\t383,306\t182,135\nNet financing cash flows\t(382,229)\t434,786\nNet investing cash flows\t(50,391)\t(663,456)"
} |
What led to increase in Consolidated net cash flow from operating activities for the year ended? | This increase was primarily due to a $127.2 million increase in income from operations mainly from operations (before depreciation, amortization, asset impairments, loss on sale of vessels and the amortization of in-process revenue contracts) of our businesses. | {
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"context": "The following table summarizes our consolidated cash and cash equivalents provided by (used for) operating, financing and investing activities for the periods presented:\nOperating Cash Flows\nOur consolidated net cash flow from operating activities fluctuates primarily as a result of changes in vessel utilization and TCE rates, changes in interest rates, fluctuations in working capital balances, the timing and amount of dry-docking expenditures, repairs and maintenance activities, vessel additions and dispositions, and foreign currency rates. Our exposure to the spot tanker market has contributed significantly to fluctuations in operating cash flows historically as a result of highly cyclical spot tanker rates.\nIn addition, the production performance of certain of our FPSO units that operate under contracts with a production-based compensation component has contributed to fluctuations in operating cash flows. As the charter contracts of some of our FPSO units include incentives based on average annual oil prices, the changes in global oil prices during recent years have also impacted our operating cash flows.\nConsolidated net cash flow from operating activities increased to $383.3 million for the year ended December 31, 2019, from $182.1 million for the year ended December 31, 2018. This increase was primarily due to a $127.2 million increase in income from operations mainly from operations (before depreciation, amortization, asset impairments, loss on sale of vessels and the amortization of in-process revenue contracts) of our businesses.\nFor further discussion of changes in income from vessel operations from our businesses, please read “Item 5 – Operating and Financial Review and Prospects: Management’s Discussion and Analysis of Financial Condition and Results of Operations – Recent Developments and Results of Operations.”\nIn addition, there was a $9.9 million increase in cash flows from changes to non-cash working capital, a $23.6 million increase in dividends received from joint ventures, and a $17.1 million increase in direct financing lease payments received, which are presented as an operating cash inflow instead of an investing cash inflow after the adoption of ASU 2016-02 in 2019.\nFurthermore, interest expense, including realized losses on interest rate swaps and cross currency swaps, decreased a net amount of $38.1 million for the year ended December 31, 2019 compared to 2018, primarily due to a decrease in realized losses on cross currency swaps. These increases were partially offset by an increase in cash outflows of $15.9 million in dry-dock expenditures for the year ended December 31, 2019, compared to 2018.\nFinancing Cash Flows\nThe Daughter Entities hold all of our liquefied gas carriers (Teekay LNG) and all of our conventional tanker assets (Teekay Tankers). Teekay LNG received $317.8 million of net proceeds from the sale-leaseback financing transactions for the Yamal Spirit and Torben Spirit for the year ended December 31, 2019, compared to $370.1 million from the sale-leaseback financing transactions completed for the Magdala, Myrina and Megara for the same period in 2018.\nTeekay Tankers received $63.7 million from the sale-leaseback financing transactions completed on two of its Suezmax tankers for the year ended December 31, 2019, compared to $241.3 million in the same period last year from the sale-leaseback financing transactions completed on eight Aframax tankers, one Suezmax tanker and one LR2 Product tanker.\nWe use our credit facilities to partially finance capital expenditures. Occasionally, we will use revolving credit facilities to finance these expenditures until longer-term financing is obtained, at which time we typically use all or a portion of the proceeds from the longer-term financings to prepay outstanding amounts under the revolving credit facilities. We actively manage the maturity profile of our outstanding financing arrangements.\nDuring 2019, we had a net cash outflow of $227.3 million relating primarily to prepayments of short-term and long-term debt, issuance costs and payments on maturity of cross currency swaps, net of proceeds from the issuances of short-term and long-term debt, compared to net cash inflow of $553.7 million in 2018. Scheduled repayments decreased by $438.1 million in 2019 compared to 2018.\nHistorically, the Daughter Entities have distributed operating cash flows to their owners in the form of distributions or dividends. There were no equity financing transactions from the Daughter Entities for the years ended December 31, 2019 and 2018. Teekay LNG repurchased $25.7 million of common units in the year ended December 31, 2019.\nTeekay Parent did not raise capital through equity financing transactions in December 31, 2019, compared to $103.7 million raised in 2018 from issuances of new equity to the public, thirdparty investors and two entities established by our founder (including Resolute, our largest shareholder). Cash dividends paid decreased by $16.6 million in 2019, as a result of the elimination of Teekay Parent's quarterly dividend on Teekay’s common stock commencing with the quarter ended March 31, 2019.\nInvesting Cash Flows\nDuring 2019, we received $100 million from Brookfield for the sale of our remaining interests in Altera (please read \"Item 18 – Financial Statements: Note 4 – Deconsolidation and Sale of Altera\"). We incurred capital expenditures for vessels and equipment of $109.5 million primarily for capitalized vessel modifications and shipyard construction installment payments in Teekay LNG.\nTeekay LNG received proceeds of $11.5 million from the sale of the Alexander Spirit and contributed $72.4 million to its equity-accounted joint ventures and loans to joint ventures for the year ended December 31, 2019, primarily to fund project expenditures in the Yamal LNG Joint Venture and the Bahrain LNG Joint Venture. During 2019, Teekay Tankers received proceeds of $19.6 million related to the sale of one Suezmax tanker.\nDuring 2018, we incurred capital expenditures for vessels and equipment of $0.7 billion, primarily for capitalized vessel modifications and shipyard construction installment payments. Teekay Parent advanced $25.0 million to Altera in the form of a senior unsecured revolving credit facility.\nTeekay LNG received proceeds of $54.4 million from the sale of Teekay LNG's 50% ownership interest in the Excelsior Joint Venture and $28.5 million from the sales of the European Spirit and African Spirit. Teekay LNG contributed $40.5 million to its equityaccounted joint ventures and loans to joint ventures for the year ended December 31, 2018, primarily to fund project expenditures in the Yamal LNG Joint Venture, the Bahrain LNG project, and the Pan Union Joint Venture, and for working capital requirements for the MALT Joint Venture.\nTeekay incurred a net $25.3 million cash outflow as a result of the 2017 Brookfield Transaction (please read \"Item 18 – Financial Statements: Note 4 – Deconsolidation and Sale of Altera\").",
"table": "(in thousands of U.S. Dollars)\tYear Ended December 31,\t\n\t2019\t2018\nNet operating cash flows\t383,306\t182,135\nNet financing cash flows\t(382,229)\t434,786\nNet investing cash flows\t(50,391)\t(663,456)"
} |
How much was received from Brookfield for the sale of interests in Altera during? | During 2019, we received $100 million from Brookfield for the sale of our remaining interests in Altera | {
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"context": "The following table summarizes our consolidated cash and cash equivalents provided by (used for) operating, financing and investing activities for the periods presented:\nOperating Cash Flows\nOur consolidated net cash flow from operating activities fluctuates primarily as a result of changes in vessel utilization and TCE rates, changes in interest rates, fluctuations in working capital balances, the timing and amount of dry-docking expenditures, repairs and maintenance activities, vessel additions and dispositions, and foreign currency rates. Our exposure to the spot tanker market has contributed significantly to fluctuations in operating cash flows historically as a result of highly cyclical spot tanker rates.\nIn addition, the production performance of certain of our FPSO units that operate under contracts with a production-based compensation component has contributed to fluctuations in operating cash flows. As the charter contracts of some of our FPSO units include incentives based on average annual oil prices, the changes in global oil prices during recent years have also impacted our operating cash flows.\nConsolidated net cash flow from operating activities increased to $383.3 million for the year ended December 31, 2019, from $182.1 million for the year ended December 31, 2018. This increase was primarily due to a $127.2 million increase in income from operations mainly from operations (before depreciation, amortization, asset impairments, loss on sale of vessels and the amortization of in-process revenue contracts) of our businesses.\nFor further discussion of changes in income from vessel operations from our businesses, please read “Item 5 – Operating and Financial Review and Prospects: Management’s Discussion and Analysis of Financial Condition and Results of Operations – Recent Developments and Results of Operations.”\nIn addition, there was a $9.9 million increase in cash flows from changes to non-cash working capital, a $23.6 million increase in dividends received from joint ventures, and a $17.1 million increase in direct financing lease payments received, which are presented as an operating cash inflow instead of an investing cash inflow after the adoption of ASU 2016-02 in 2019.\nFurthermore, interest expense, including realized losses on interest rate swaps and cross currency swaps, decreased a net amount of $38.1 million for the year ended December 31, 2019 compared to 2018, primarily due to a decrease in realized losses on cross currency swaps. These increases were partially offset by an increase in cash outflows of $15.9 million in dry-dock expenditures for the year ended December 31, 2019, compared to 2018.\nFinancing Cash Flows\nThe Daughter Entities hold all of our liquefied gas carriers (Teekay LNG) and all of our conventional tanker assets (Teekay Tankers). Teekay LNG received $317.8 million of net proceeds from the sale-leaseback financing transactions for the Yamal Spirit and Torben Spirit for the year ended December 31, 2019, compared to $370.1 million from the sale-leaseback financing transactions completed for the Magdala, Myrina and Megara for the same period in 2018.\nTeekay Tankers received $63.7 million from the sale-leaseback financing transactions completed on two of its Suezmax tankers for the year ended December 31, 2019, compared to $241.3 million in the same period last year from the sale-leaseback financing transactions completed on eight Aframax tankers, one Suezmax tanker and one LR2 Product tanker.\nWe use our credit facilities to partially finance capital expenditures. Occasionally, we will use revolving credit facilities to finance these expenditures until longer-term financing is obtained, at which time we typically use all or a portion of the proceeds from the longer-term financings to prepay outstanding amounts under the revolving credit facilities. We actively manage the maturity profile of our outstanding financing arrangements.\nDuring 2019, we had a net cash outflow of $227.3 million relating primarily to prepayments of short-term and long-term debt, issuance costs and payments on maturity of cross currency swaps, net of proceeds from the issuances of short-term and long-term debt, compared to net cash inflow of $553.7 million in 2018. Scheduled repayments decreased by $438.1 million in 2019 compared to 2018.\nHistorically, the Daughter Entities have distributed operating cash flows to their owners in the form of distributions or dividends. There were no equity financing transactions from the Daughter Entities for the years ended December 31, 2019 and 2018. Teekay LNG repurchased $25.7 million of common units in the year ended December 31, 2019.\nTeekay Parent did not raise capital through equity financing transactions in December 31, 2019, compared to $103.7 million raised in 2018 from issuances of new equity to the public, thirdparty investors and two entities established by our founder (including Resolute, our largest shareholder). Cash dividends paid decreased by $16.6 million in 2019, as a result of the elimination of Teekay Parent's quarterly dividend on Teekay’s common stock commencing with the quarter ended March 31, 2019.\nInvesting Cash Flows\nDuring 2019, we received $100 million from Brookfield for the sale of our remaining interests in Altera (please read \"Item 18 – Financial Statements: Note 4 – Deconsolidation and Sale of Altera\"). We incurred capital expenditures for vessels and equipment of $109.5 million primarily for capitalized vessel modifications and shipyard construction installment payments in Teekay LNG.\nTeekay LNG received proceeds of $11.5 million from the sale of the Alexander Spirit and contributed $72.4 million to its equity-accounted joint ventures and loans to joint ventures for the year ended December 31, 2019, primarily to fund project expenditures in the Yamal LNG Joint Venture and the Bahrain LNG Joint Venture. During 2019, Teekay Tankers received proceeds of $19.6 million related to the sale of one Suezmax tanker.\nDuring 2018, we incurred capital expenditures for vessels and equipment of $0.7 billion, primarily for capitalized vessel modifications and shipyard construction installment payments. Teekay Parent advanced $25.0 million to Altera in the form of a senior unsecured revolving credit facility.\nTeekay LNG received proceeds of $54.4 million from the sale of Teekay LNG's 50% ownership interest in the Excelsior Joint Venture and $28.5 million from the sales of the European Spirit and African Spirit. Teekay LNG contributed $40.5 million to its equityaccounted joint ventures and loans to joint ventures for the year ended December 31, 2018, primarily to fund project expenditures in the Yamal LNG Joint Venture, the Bahrain LNG project, and the Pan Union Joint Venture, and for working capital requirements for the MALT Joint Venture.\nTeekay incurred a net $25.3 million cash outflow as a result of the 2017 Brookfield Transaction (please read \"Item 18 – Financial Statements: Note 4 – Deconsolidation and Sale of Altera\").",
"table": "(in thousands of U.S. Dollars)\tYear Ended December 31,\t\n\t2019\t2018\nNet operating cash flows\t383,306\t182,135\nNet financing cash flows\t(382,229)\t434,786\nNet investing cash flows\t(50,391)\t(663,456)"
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