{"financebench_id":"financebench_id_03029","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2018 capital expenditure amount (in USD millions) for 3M? Give a response to the question by relying on the details shown in the cash flow statement.","gold_answer":1577,"model_answer":"I'm sorry, but the information provided does not include the capital expenditure amount for 3M in the fiscal year 2018. The details given in the context discuss capital spending for other years (2013, 2014, 2015, 2016, 2019, 2020, 2021, and expectations for 2023), but the specific figure for 2018 is not mentioned. To answer your question accurately, I would need the relevant data from 3M's financial statements for the fiscal year 2018.","label":"Refusal"}
{"financebench_id":"financebench_id_04672","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Assume that you are a public equities analyst. Answer the following question by primarily using information that is shown in the balance sheet: what is the year end FY2018 net PPNE for 3M? Answer in USD billions.","gold_answer":8.7,"model_answer":"I'm sorry, but the information provided does not include the specific details for the net property, plant, and equipment (PP&E) for 3M for the fiscal year ending in 2018. The balance sheet data would typically include assets such as total assets and liabilities, from which net PP&E could be derived if detailed enough, but the excerpts you've provided focus on net sales, net income, earnings per share, dividends, and long-term debt. To answer your question about net PP&E, I would need the asset section of the balance sheet that specifically lists PP&E and any accumulated depreciation. If you can provide that information, I would be happy to help you calculate the net PP&E for 3M for FY2018.","label":"Refusal"}
{"financebench_id":"financebench_id_01226","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What drove operating margin change as of FY2022 for 3M? If operating margin is not a useful metric for a company like this, then please state that and explain why.","gold_answer":"Operating Margin for 3M in FY2022 has decreased by 1.7% primarily due to: \n-Decrease in gross Margin\n-mostly one-off charges including Combat Arms Earplugs litigation, impairment related to exiting PFAS manufacturing, costs related to exiting Russia and divestiture-related restructuring\ncharges","model_answer":"I'm sorry, but the provided context does not include specific information regarding the factors that drove the operating margin change for 3M in the fiscal year 2022. The details given are for the fiscal years 2021, 2020, and 2016, and they discuss the impacts of COVID-19, changes in demand, supply chain disruptions, and other factors on 3M's operating income margins for those years. To accurately answer your question about the fiscal year 2022, we would need the relevant data and analysis from that period, which is not included in the provided context. \n\nAs for the usefulness of the operating margin as a metric for a company like 3M, it is generally a significant indicator of a company's profitability and efficiency. Operating margin measures the proportion of revenue that remains after paying for variable costs of production such as wages and raw materials, but before paying interest or tax. It is useful for assessing the core profitability of a company's business activities. However, without the specific data for 2022, we cannot assess the changes in 3M's operating margin for that fiscal year.","label":"Refusal"}
{"financebench_id":"financebench_id_00807","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does 3M have a reasonably healthy liquidity profile based on its quick ratio for Q2 of FY2023? If the quick ratio is not relevant to measure liquidity, please state that and explain why.","gold_answer":"No. The quick ratio for 3M was 0.96 by Jun'23 close, which needs a bit of an improvement to touch the 1x mark","model_answer":"I'm sorry, but you haven't provided specific financial data such as the quick ratio for Q2 of FY2023 for 3M, which is necessary to directly assess the company's liquidity profile. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets, and it is calculated by dividing the sum of cash, marketable securities, and accounts receivable by the current liabilities.\n\nThe context provided discusses 3M's overall financial condition and liquidity strategy, including its strong free cash flow capability, capital structure optimization, and access to capital markets. It also mentions the company's priorities for capital deployment, such as investing in organic growth through research and development, capital expenditures, and commercialization capability, as well as returning cash to shareholders through dividends and share repurchases.\n\nHowever, without the actual quick ratio or the specific figures for current assets (excluding inventory) and current liabilities, it is not possible to comment on the health of 3M's liquidity profile for the specified period. If you can provide the necessary financial figures, I would be able to help you calculate and interpret the quick ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_00941","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which debt securities are registered to trade on a national securities exchange under 3M's name as of Q2 of 2023?","gold_answer":"Following debt securities registered under 3M's name are listed to trade on the New York Stock Exchange:\n-1.500% Notes due 2026 (Trading Symbol: MMM26)\n-1.750% Notes due 2030 (Trading Symbol: MMM30)\n-1.500% Notes due 2031 (Trading Symbol: MMM31)","model_answer":"Based on the provided context, there is no explicit information indicating which debt securities are registered to trade on a national securities exchange under 3M's name as of Q2 of 2023. The context provided lists various types of securities, including mortgage-backed securities, U.S. Treasury and government agencies, obligations of U.S. states and municipalities, non-U.S. government debt securities, corporate debt securities, and asset-backed securities, but it does not specify which, if any, are registered to trade on a national securities exchange under 3M's name. Therefore, I don't know the answer to the question with the given information.","label":"Refusal"}
{"financebench_id":"financebench_id_07966","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2017 - FY2019 3 year average of capex as a % of revenue for Activision Blizzard? Answer in units of percents and round to one decimal place. Calculate (or extract) the answer from the statement of income and the cash flow statement.","gold_answer":0.019,"model_answer":"To calculate the capital expenditures (CapEx) as a percentage of revenue for Activision Blizzard for the fiscal years 2017 to 2019, we need to find the amounts for CapEx and the revenue for each of those years. However, the provided text does not include explicit figures for capital expenditures or total revenue for the years 2017 to 2019. Capital expenditures are typically calculated as the sum of property and equipment purchases and can sometimes be inferred from the cash flow from investing activities, while total revenue figures are usually found in the income statement.\n\nSince the necessary data to calculate CapEx and total revenue is not provided in the excerpts, I cannot calculate the 3-year average of CapEx as a percentage of revenue for the fiscal years 2017 to 2019. If you can provide the relevant figures for capital expenditures and total revenue for those years, I would be able to perform the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_02987","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2019 fixed asset turnover ratio for Activision Blizzard? Fixed asset turnover ratio is defined as: FY2019 revenue \/ (average PP&E between FY2018 and FY2019). Round your answer to two decimal places. Base your judgments on the information provided primarily in the statement of income and the statement of financial position.","gold_answer":24.26,"model_answer":"I'm sorry, but the information provided does not include the specific revenue figures for Activision Blizzard for the fiscal year 2019 or the precise property, plant, and equipment (PP&E) values for the end of fiscal years 2018 and 2019. To calculate the fixed asset turnover ratio for FY2019, I would need the revenue for FY2019 and the PP&E values at the end of FY2018 and FY2019 to determine the average PP&E for that period.\n\nWithout this data, I cannot calculate the fixed asset turnover ratio. If you can provide the missing financial figures, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_04735","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"You are an investment banker and your only resource(s) to answer the following question is (are): the statement of financial position and the cash flow statement. Here's the question: what is the FY2015 operating cash flow ratio for Adobe? Operating cash flow ratio is defined as: cash from operations \/ total current liabilities. Round your answer to two decimal places.","gold_answer":0.66,"model_answer":"I'm sorry, but I cannot provide the FY2015 operating cash flow ratio for Adobe as the necessary information to calculate the total current liabilities for the fiscal year 2015 is not provided within the context given. The operating cash flow ratio requires both the cash from operations and the total current liabilities. While the cash from operations for FY2015 is provided ($1.47 billion), the total current liabilities figure is missing. To accurately calculate the ratio, I would need the total current liabilities from the statement of financial position (balance sheet) for the same fiscal year. If you can provide the total current liabilities for FY2015, I would be able to calculate the operating cash flow ratio for you.","label":"Refusal"}
{"financebench_id":"financebench_id_03856","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2017 operating cash flow ratio for Adobe? Operating cash flow ratio is defined as: cash from operations \/ total current liabilities. Round your answer to two decimal places. Please utilize information provided primarily within the balance sheet and the cash flow statement.","gold_answer":0.83,"model_answer":"To calculate the operating cash flow ratio for Adobe for the fiscal year 2017, we need two pieces of information: cash from operations and total current liabilities. The cash from operations can be found in the consolidated statements of cash flows, while the total current liabilities would typically be found in the consolidated balance sheet, which is not provided here.\n\nFrom the provided information, we can identify the cash from operations for the fiscal year ended December 1, 2017:\n\nCash flows from operating activities (Net income and adjustments):\nNet income: $1,693,954 (in thousands)\nAdjustments to reconcile net income to net cash provided by operating activities: \n- Depreciation, amortization and accretion: $325,997\n- Stock-based compensation: $451,451\n- Deferred income taxes: $51,605\n- Unrealized (gains) losses on investments: ($5,494)\n- Other non-cash items: $4,625\n- Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: \n  - Trade receivables, net: ($187,173)\n  - Prepaid expenses and other current assets: $28,040\n  - Trade payables: ($45,186)\n  - Accrued expenses: $154,125\n\nAdding these together gives us the total cash provided by operating activities. However, since the total current liabilities figure is not provided, we cannot calculate the operating cash flow ratio.\n\nWithout the total current liabilities figure, it is not possible to provide the FY2017 operating cash flow ratio for Adobe. If you can provide the total current liabilities figure, I would be able to perform the calculation for you.","label":"Refusal"}
{"financebench_id":"financebench_id_00438","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does Adobe have an improving operating margin profile as of FY2022? If operating margin is not a useful metric for a company like this, then state that and explain why.","gold_answer":"No the operating margins of Adobe have recently declined from 36.8% in FY 2021 to 34.6% in FY2022. A drop by 2.2% in a year.","model_answer":"I'm sorry, but the provided context does not include specific financial data or metrics regarding Adobe's operating margin for fiscal year 2022. To determine whether Adobe has an improving operating margin profile, one would need to review the company's financial statements, specifically the income statement, to compare operating income to revenue over time.\n\nOperating margin is a useful metric for many companies, including Adobe, as it provides insight into the efficiency of a company's core business operations without the effects of financing and accounting decisions. It is calculated by dividing operating income by net sales or revenue. An improving operating margin indicates that a company is earning more per dollar of sales, which is a sign of good management and potentially increasing profitability.\n\nTo answer your question accurately, you would need to look at Adobe's financial results for the relevant period, which would typically be found in the company's annual report or filings with the Securities and Exchange Commission (SEC). If you have access to Adobe's financial statements for FY2022, you can look at the operating income and revenue figures to calculate and compare the operating margins to previous years.","label":"Refusal"}
{"financebench_id":"financebench_id_00591","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does Adobe have an improving Free cashflow conversion as of FY2022?","gold_answer":"Yes, the FCF conversion (using net income as the denominator) for Adobe has improved by ~13% from 143% in 2021 to 156% in 2022","model_answer":"I'm sorry, but you haven't provided any evidence or data regarding Adobe's free cash flow or cash flow conversion for fiscal year 2022. To answer your question, I would need specific financial information from Adobe's cash flow statement for that period, including details on operating cash flow and capital expenditures, which are typically used to calculate free cash flow. Additionally, information on net income would be necessary to assess the conversion of net income to free cash flow. Without this data, I cannot determine whether Adobe has an improving free cash flow conversion for FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_10420","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Based on the information provided primarily in the statement of financial position and the statement of income, what is AES's FY2022 return on assets (ROA)? ROA is defined as: FY2022 net income \/ (average total assets between FY2021 and FY2022). Round your answer to two decimal places.","gold_answer":-0.02,"model_answer":"I'm sorry, but the information provided does not include the total assets for FY2021 and FY2022, which are necessary to calculate the average total assets and subsequently the return on assets (ROA). The ROA calculation requires the net income for the fiscal year and the average of the total assets at the beginning and end of the year. Since the total assets figures are not provided in the excerpts, I am unable to calculate the ROA. If you can provide the total assets for FY2021 and FY2022, I would be able to assist you with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_00540","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Roughly how many times has AES Corporation sold its inventory in FY2022? Calculate inventory turnover ratio for the FY2022; if conventional inventory management is not meaningful for the company then state that and explain why.","gold_answer":"AES has converted inventory 9.5 times in FY 2022.","model_answer":"To calculate the inventory turnover ratio for FY2022, we would typically use the following formula:\n\nInventory Turnover Ratio = Cost of Goods Sold (COGS) \/ Average Inventory\n\nHowever, the information provided does not include the Cost of Goods Sold (COGS) for FY2022, which is necessary to calculate the inventory turnover ratio. Additionally, the average inventory for the year would be calculated by taking the sum of the inventory at the beginning of the year and the inventory at the end of the year, then dividing by two.\n\nSince the necessary data for COGS and the inventory at the beginning and end of FY2022 are not provided, I cannot calculate the inventory turnover ratio for The AES Corporation for FY2022. Without this information, it's not possible to determine how many times AES Corporation has sold its inventory in FY2022 or to comment on the meaningfulness of conventional inventory management for the company.","label":"Refusal"}
{"financebench_id":"financebench_id_01319","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the quantity of restructuring costs directly outlined in AES Corporation's income statements for FY2022? If restructuring costs are not explicitly outlined then state 0.","gold_answer":0,"model_answer":"Based on the provided context, there is no explicit mention of restructuring costs in the AES Corporation's income statements for FY2022. Therefore, the quantity of restructuring costs directly outlined is 0.","label":"Refusal"}
{"financebench_id":"financebench_id_06655","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Amazon's FY2017 days payable outstanding (DPO)? DPO is defined as: 365 * (average accounts payable between FY2016 and FY2017) \/ (FY2017 COGS + change in inventory between FY2016 and FY2017). Round your answer to two decimal places. Address the question by using the line items and information shown within the balance sheet and the P&L statement.","gold_answer":93.86,"model_answer":"I'm sorry, but you haven't provided the balance sheet or the P&L statement for Amazon's FY2017, which are necessary to calculate the days payable outstanding (DPO). To calculate DPO, I would need the following information:\n\n1. The accounts payable for FY2016 and FY2017 to determine the average accounts payable.\n2. The cost of goods sold (COGS) for FY2017.\n3. The inventory levels at the end of FY2016 and FY2017 to calculate the change in inventory.\n\nWithout this data, I'm unable to provide the DPO for Amazon's FY2017. If you can provide the balance sheet and P&L statement, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_03882","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Amcor's year end FY2020 net AR (in USD millions)? Address the question by adopting the perspective of a financial analyst who can only use the details shown within the balance sheet.","gold_answer":1616,"model_answer":"I'm sorry, but the information provided does not include the balance sheet details necessary to determine Amcor's year-end accounts receivable (AR) for fiscal year 2020. Accounts receivable would typically be found under current assets on the balance sheet. The excerpts provided focus on the income statement and earnings per share data, which do not contain information about the company's accounts receivable. To answer your question, I would need the balance sheet data for the relevant fiscal year-end.","label":"Refusal"}
{"financebench_id":"financebench_id_01935","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What was the key agenda of the AMCOR's 8k filing dated 1st July 2022?","gold_answer":"Amcor Finance (USA), Inc. and Amcor Flexibles North America, Inc., entered into supplemental indentures relating to Guaranteed Senior Notes due 2026 and 2028. This involved the substitution of the Substitute Issuer (Amcor Flexibles North America) for the Former Issuer (Amcor Finance) and the assumption of covenants under the indentures. (In essence a novation agreement)","model_answer":"Based on the provided context, the key agenda of Amcor PLC's Form 8-K filing dated July 1, 2022, is not explicitly stated. The context given includes the cover page of the filing, which lists the company's details and the date of the report, but does not provide specific information about the events or items being reported in that particular filing.\n\nTo determine the key agenda or specific items disclosed in the Form 8-K filing for that date, one would typically need to review the full text of the filing, including any items described in the body of the report or in the accompanying exhibits. Since the relevant details or descriptions of the events triggering the filing are not included in the provided context, I cannot provide an answer to the question about the key agenda of the filing.","label":"Refusal"}
{"financebench_id":"financebench_id_01928","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What Was AMCOR's Adjusted Non GAAP EBITDA for FY 2023","gold_answer":"AMCOR's Adj. EBITDA was $2,018mn in FY 2023","model_answer":"Based on the provided information, the adjusted non-GAAP EBITDA for Amcor for the fiscal year 2023 is not explicitly stated in the text excerpts you've provided. The reconciliation provided in the text is for adjusted EBIT and adjusted net income, not for adjusted EBITDA. Therefore, I do not have the necessary information to answer your question about Amcor's adjusted non-GAAP EBITDA for FY 2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00799","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has AMCOR's quick ratio improved or declined between FY2023 and FY2022? If the quick ratio is not something that a financial analyst would ask about a company like this, then state that and explain why.","gold_answer":"The quick ratio has slightly improved from 0.67 times to 0.69 times between FY 2023 and FY 2022.(3.4% jump)","model_answer":"I'm sorry, but the information provided does not contain the necessary data to calculate or assess AMCOR's quick ratio. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated by taking the sum of a company's cash, marketable securities, and accounts receivable and dividing that by its current liabilities.\n\nTo determine whether AMCOR's quick ratio has improved or declined between FY2023 and FY2022, we would need specific figures for the company's cash and cash equivalents, accounts receivable, marketable securities (if any), and current liabilities for both fiscal years. Since this information is not included in the provided context, I cannot answer the question about the change in AMCOR's quick ratio.\n\nA financial analyst would indeed be interested in a company's quick ratio, as it is an important liquidity metric that helps in understanding the company's financial health and its ability to pay off its short-term liabilities without having to sell inventory or rely on additional financing.","label":"Refusal"}
{"financebench_id":"financebench_id_01079","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What are major acquisitions that AMCOR has done in FY2023, FY2022 and FY2021?","gold_answer":"Amcor completed these acquisitions during FY2023:\n-100% equity interest of a flexibles manufacturing company in the Czech Republic\n- 100% equity interest in a medical device packaging manufacturing site in\nShanghai, China.\n-acquisition of a New Zealand-based leading manufacturer of state-of-the-art, automated protein\npackaging machines.","model_answer":"Based on the provided context, there is no specific information regarding major acquisitions by Amcor in fiscal years 2023, 2022, or 2021. The context provided does not include details about Amcor's acquisitions during these periods. If there were any major acquisitions, they are not mentioned in the excerpts you have given me.","label":"Refusal"}
{"financebench_id":"financebench_id_00684","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does AMCOR have an improving gross margin profile as of FY2023? If gross margin is not a useful metric for a company like this, then state that and explain why.","gold_answer":"No. For AMCOR there has been a slight decline in gross margins by 0.8%.","model_answer":"Based on the provided context, there is no specific information about a company named AMCOR and its gross margin profile for FY2023. The context provided includes details about gross margin for a company for the years 2013, 2014, 2015, and 2021, and some information about net sales and operating income for the three months ended April 30, 2023. However, the company name is not mentioned, and there is no direct reference to AMCOR or its financial performance in FY2023.\n\nWithout specific data on AMCOR's gross margin for FY2023, it is not possible to determine whether AMCOR has an improving gross margin profile for that fiscal year. Additionally, gross margin is typically a useful metric for assessing a company's financial health as it indicates the percentage of sales revenue that exceeds the cost of goods sold (COGS) and is available to cover operating expenses and profit. However, without the relevant data for AMCOR, no conclusion can be drawn.\n\nTo accurately answer the question about AMCOR's gross margin profile, one would need access to AMCOR's financial statements or reports that detail the gross margin for FY2023.","label":"Refusal"}
{"financebench_id":"financebench_id_03069","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Answer the following question as if you are an equity research analyst and have lost internet connection so you do not have access to financial metric providers. According to the details clearly outlined within the P&L statement and the statement of cash flows, what is the FY2015 depreciation and amortization (D&A from cash flow statement) % margin for AMD?","gold_answer":0.042,"model_answer":"I'm sorry, but the information provided does not include the necessary details to calculate the FY2015 depreciation and amortization (D&A) percentage margin for AMD (Advanced Micro Devices). The provided context does not contain AMD's profit and loss statement or statement of cash flows for the fiscal year 2015, nor does it mention AMD specifically. To calculate the D&A percentage margin, one would need the total revenue and the depreciation and amortization expense for AMD for FY2015. The percentage margin is typically calculated by dividing the D&A expense by the total revenue and then multiplying by 100 to get a percentage.\n\nSince I do not have access to the internet or financial metric providers, I cannot provide the FY2015 D&A percentage margin for AMD without the relevant financial data. If you can provide the necessary figures, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_00917","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What drove operating margin change as of the FY22 for AMD? If operating margin is not a useful metric for a company like this, then please state that and explain why.","gold_answer":"The decrease in AMD's operating income was primarily driven by amortization of intangible assets associated with the Xilinx acquisition","model_answer":"I'm sorry, but the provided context does not include specific information about AMD's operating margin changes for the fiscal year 2022. The context provided discusses the company's operations and financial statements for earlier years (2017, 2016, and 2015), and does not provide the necessary details to assess the changes in operating margin for FY22 or to determine whether operating margin is a useful metric for the company in that fiscal year.\n\nTo answer your question accurately, one would need access to AMD's financial results and management's discussion for FY22, which would typically include an analysis of the operating margin and factors that influenced its change during that period. Without this information, I cannot provide a specific answer to your question.","label":"Refusal"}
{"financebench_id":"financebench_id_00757","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Did AMD report customer concentration in FY22?","gold_answer":"Yes, one customer accounted for 16% of consolidated net revenue","model_answer":"I don't know the answer to whether AMD reported customer concentration in FY22, as the evidence needed to answer this question has not been provided.","label":"Refusal"}
{"financebench_id":"financebench_id_01279","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Among operations, investing, and financing activities, which brought in the most (or lost the least) cash flow for AMD in FY22?","gold_answer":"In 2022, AMD brought in the most cashflow from Operations","model_answer":"I'm sorry, but the information provided does not contain specific cash flow data for AMD (Advanced Micro Devices) for the fiscal year 2022. The context provided includes general statements about cash flow trends and activities for an unspecified company, but it does not mention AMD or provide the actual figures for net cash provided by or used in operating, investing, and financing activities for AMD in FY22. Without the specific cash flow figures for AMD in FY22, I cannot accurately answer the question.","label":"Refusal"}
{"financebench_id":"financebench_id_00222","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does AMD have a reasonably healthy liquidity profile based on its quick ratio for FY22? If the quick ratio is not relevant to measure liquidity, please state that and explain why.","gold_answer":"Yes. The quick ratio is 1.57, calculated as (cash and cash equivalents+Short term investments+Accounts receivable, net+receivables from related parties)\/ (current liabilities).","model_answer":"Based on the information provided, I cannot determine AMD's liquidity profile or its quick ratio for FY22 as the provided text does not mention AMD or provide specific data related to AMD's financials. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets (cash, marketable securities, and accounts receivable). It is calculated by dividing the sum of these assets by the company's current liabilities.\n\nThe text you've provided appears to be from a financial report, but it does not specify that it is related to AMD, nor does it provide the necessary figures to calculate the quick ratio (such as accounts receivable). Additionally, the figures in the text are for the years 2018, 2019, and 2020, not for FY22.\n\nTo assess AMD's liquidity profile for FY22, one would need the company's financial statements for that fiscal year, specifically the balance sheet, which would provide the necessary data to calculate the quick ratio. If you can provide AMD's balance sheet data for FY22, I could assist in calculating the quick ratio and assessing the company's liquidity profile.","label":"Refusal"}
{"financebench_id":"financebench_id_01981","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Was American Express able to retain card members during 2022?","gold_answer":"Yes","model_answer":"Based on the information provided, there is no explicit evidence regarding the retention of card members by American Express during the year 2022. The context given focuses on the worldwide billed business, the number of proprietary cards-in-force, merchant acquiring business, card network business, and the challenges related to merchant acceptance and customer behavior. However, it does not directly address card member retention rates or statistics for the year 2022. Therefore, I don't have the information needed to answer the question about card member retention for that period.","label":"Refusal"}
{"financebench_id":"financebench_id_00720","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What drove gross margin change as of the FY2022 for American Express? If gross margin is not a useful metric for a company like this, then please state that and explain why.","gold_answer":"Performance is not measured through gross margin","model_answer":"The provided context does not contain specific information about American Express's gross margin changes for FY2022. The context instead appears to be related to a different company, discussing shifts in sales mix, product pricing actions, management of product quality and warranty costs, international operations, exchange rate fluctuations, and operating expenses. Additionally, there is a mention of services gross margin changes and factors affecting future gross margins, but these are not explicitly linked to American Express.\n\nGross margin is typically a useful metric for companies that sell goods because it measures the difference between revenue from goods sold and the cost of those goods. However, for a company like American Express, which primarily provides financial services, gross margin may not be the most relevant metric. Instead, financial service companies often focus on metrics such as net interest margin, return on equity, or net income to assess financial performance. These metrics are more relevant to the business model of a financial services company, which earns money through interest, fees, and other financial services rather than selling physical goods.\n\nSince the context does not provide information about American Express's gross margin changes for FY2022, I cannot provide a specific answer to the question about what drove the gross margin change for American Express in that fiscal year.","label":"Refusal"}
{"financebench_id":"financebench_id_00723","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does AMEX have an improving operating margin profile as of 2022? If operating margin is not a useful metric for a company like this, then state that and explain why.","gold_answer":"Performance is not measured through operating margin","model_answer":"Based on the provided context, there is no specific information regarding the operating margin profile of American Express (AMEX) for the year 2022. Operating margin is a measure of profitability that shows what percentage of a company's revenue is left over after paying for variable costs of production such as wages and raw materials. It is a useful metric for assessing a company's efficiency at converting revenue into profit.\n\nHowever, the context provided does not include any direct figures or comments about the operating margin, such as operating income or operating expenses, which are necessary to calculate or assess the operating margin profile. Instead, the context focuses on net income, strategic investments, growth strategies, and merchant acquiring business details.\n\nTo determine whether AMEX has an improving operating margin profile, one would need to look at the company's financial statements, specifically the income statement, to compare operating income to revenue over time. Without this information, it is not possible to answer the question about AMEX's operating margin profile for 2022.\n\nIf you have access to AMEX's full financial statements for the relevant periods, you could calculate the operating margin by taking the operating income (or earnings before interest and taxes - EBIT) and dividing it by the net revenue, then comparing it year over year to see if there is an improvement.","label":"Refusal"}
{"financebench_id":"financebench_id_05718","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"How much (in USD billions) did American Water Works pay out in cash dividends for FY2020? Compute or extract the answer by primarily using the details outlined in the statement of cash flows.","gold_answer":0.4,"model_answer":"Based on the provided context, the cash dividends declared in 2021 totaled $12.98 per share, and in 2020, the dividends were $2.70 per share. However, the actual amount paid out in cash dividends for the fiscal year 2020 is not directly provided in the given context.\n\nTo calculate the total cash dividends paid out by American Water Works in FY2020, we would need to know the number of outstanding shares during that year. Since this information is not included in the provided context, I cannot compute the total cash dividends paid out in USD billions for FY2020.","label":"Refusal"}
{"financebench_id":"financebench_id_00070","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does American Water Works have positive working capital based on FY2022 data? If working capital is not a useful or relevant metric for this company, then please state that and explain why.","gold_answer":"Yes. American Water Works had postivie working capital of $ 124Mn by FY 2022.","model_answer":"Based on the provided FY2022 data, we can calculate American Water Works' working capital by subtracting current liabilities from current assets. However, the evidence provided does not include the current assets figure, which is necessary to calculate working capital. Without the current assets figure, we cannot determine if American Water Works has positive working capital.\n\nIn some cases, working capital might not be a relevant metric for a utility company like American Water Works. Utility companies often have predictable cash flows and long-term infrastructure investments, and they may operate with different financial structures compared to companies in other industries. Utilities may also be subject to different regulatory environments that can impact their capital structure and cash management practices. Therefore, while working capital is a useful indicator of short-term financial health for many companies, it may not be as critical for utility companies, which can operate effectively with negative working capital due to their stable revenue streams and the nature of their business operations.","label":"Refusal"}
{"financebench_id":"financebench_id_02608","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"In agreement with the information outlined in the income statement, what is the FY2015 - FY2017 3 year average net profit margin (as a %) for Best Buy? Answer in units of percents and round to one decimal place.","gold_answer":0.028,"model_answer":"I'm sorry, but the information provided does not include the necessary data to calculate the 3-year average net profit margin for Best Buy for fiscal years 2015 to 2017. The net profit margin is calculated by taking the net earnings (or net income) and dividing it by the revenue, then multiplying by 100 to get a percentage. The evidence provided does not contain the net earnings or revenue figures for those specific fiscal years. If you can provide the net earnings and revenue for FY2015, FY2016, and FY2017, I would be able to calculate the average net profit margin for you.","label":"Refusal"}
{"financebench_id":"financebench_id_01077","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What are major acquisitions that Best Buy has done in FY2023, FY2022 and FY2021?","gold_answer":"Best Buy closed two acquisitions, both these companies were already partially owned by Best Buy, but Best Buy acquired all outstanding shares of these two companies during FY 2022: (1) Current Health Ltd and (2) Two Peaks, LLC d\/b\/a Yardbird Furniture","model_answer":"I'm sorry, but the information provided does not include details about major acquisitions by Best Buy in FY2023, FY2022, and FY2021. To answer your question, I would need access to specific sections of Best Buy's financial reports or press releases that discuss the company's acquisition activities during those fiscal years. If you have that information or can provide the relevant sections of the financial documents, I would be able to help you with your question.","label":"Refusal"}
{"financebench_id":"financebench_id_01275","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Among operations, investing, and financing activities, which brought in the most (or lost the least) cash flow for Best Buy in FY2023?","gold_answer":"Best Buy generated the most cash flow from operating activities in FY 2023 ($1.8 bn)","model_answer":"I'm sorry, but the information provided does not include the cash flow data for Best Buy in FY2023. The data provided only covers up to FY2022. To answer your question about FY2023, I would need the specific cash flow figures for that fiscal year. Without that information, I cannot determine which activities brought in the most or lost the least cash flow for Best Buy in FY2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00288","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Was there any drop in Cash & Cash equivalents between FY 2023 and Q2 of FY2024?","gold_answer":"Yes, there was a decline of ~42% between FY2023 and Q2 of FY 2024.","model_answer":"Based on the information provided, I do not have the data for Q2 of FY2024 to determine if there was a drop in Cash & Cash equivalents between FY 2023 and Q2 of FY2024. The evidence provided only includes details up to the end of FY 2023.","label":"Refusal"}
{"financebench_id":"financebench_id_04660","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Considering the data in the balance sheet, what is Block's (formerly known as Square) FY2016 working capital ratio? Define working capital ratio as total current assets divided by total current liabilities. Round your answer to two decimal places.","gold_answer":1.73,"model_answer":"I'm sorry, but the provided context does not include the specific figures for total current assets and total current liabilities for Block (formerly known as Square) for the fiscal year 2016. The working capital ratio is calculated by dividing total current assets by total current liabilities, but without these figures, I cannot calculate or provide the working capital ratio for FY2016. If you can provide the figures for total current assets and total current liabilities for that period, I would be able to calculate the ratio for you.","label":"Refusal"}
{"financebench_id":"financebench_id_07661","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Using the cash flow statement, answer the following question to the best of your abilities: how much did Block (formerly known as Square) generate in cash flow from operating activities in FY2020? Answer in USD millions.","gold_answer":382,"model_answer":"I'm sorry, but the information provided does not include the cash flow from operating activities for Block (formerly known as Square) for FY2020. The context given discusses cash flow activities for another entity or entities, but it does not specifically mention Block or Square. To answer your question accurately, I would need the cash flow statement or relevant financial data specifically for Block for the fiscal year 2020. If you can provide that information, I would be happy to assist you.","label":"Refusal"}
{"financebench_id":"financebench_id_03838","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2019 - FY2020 total revenue growth rate for Block (formerly known as Square)? Answer in units of percents and round to one decimal place. Approach the question asked by assuming the standpoint of an investment banking analyst who only has access to the statement of income.","gold_answer":1.015,"model_answer":"I'm sorry, but the information provided does not include the total revenue for Block (formerly known as Square) for the fiscal years 2019 and 2020. To calculate the growth rate, I would need the total revenue figures for both years. Since the evidence provided does not contain these figures, I am unable to calculate the FY2019 - FY2020 total revenue growth rate. If you can provide the revenue figures for those years, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_00517","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Are there any product categories \/ service categories that represent more than 20% of Boeing's revenue for FY2022?","gold_answer":"Yes. Boeing has product and service categories that represent more than 20% of Boeing's revenue for FY2022. These categories are Commercial Airplanes which comprises 39% of total revenue, Defence which comprises 35% of total revenue and Services which comprises 26% of total revenue.","model_answer":"I'm sorry, but the information provided does not include data on Boeing's revenue for FY2022 or any details about Boeing's product or service categories. The context provided relates to a different company's product revenue and service and other revenue, as well as net sales by product category for certain food-related items over different fiscal years. To answer your question about Boeing's revenue, I would need specific financial data from Boeing's financial reports for FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_00585","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"How does Boeing's effective tax rate in FY2022 compare to FY2021?","gold_answer":"Effective tax rate in FY2022 was 0.62%, compared to  -14.76% in FY2021.","model_answer":"I'm sorry, but the provided context does not contain specific information regarding Boeing's effective tax rate for fiscal years 2021 and 2022. The context discusses a company's effective tax rate and its comparison to the U.S. statutory rate, along with factors affecting the tax rate, but it does not explicitly mention Boeing or provide the exact effective tax rates for the years in question. If you can provide the relevant data for Boeing's effective tax rates for those fiscal years, I would be able to help you compare them.","label":"Refusal"}
{"financebench_id":"financebench_id_00678","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does Boeing have an improving gross margin profile as of FY2022? If gross margin is not a useful metric for a company like this, then state that and explain why.","gold_answer":"Yes. Boeing has an improving gross margin profile as of FY2022. Gross profit improved from $3,017 million in FY2021 to $3,502 million in FY2022. Gross margin % improved from 4.8% in FY2021 to 5.3% in FY2022.","model_answer":"I'm sorry, but I don't have the financial data for Boeing's fiscal year 2022 to determine whether the company has an improving gross margin profile. The information provided only includes data up to the year ended December 31, 2018. To assess the gross margin profile for FY2022, I would need the revenues and cost of goods sold (or equivalent cost measures) for that fiscal year to calculate the gross margin and compare it to previous years.\n\nGross margin is a useful metric for manufacturing companies like Boeing, as it provides insight into the profitability of their core operations by showing the percentage of revenue that exceeds the cost of goods sold (excluding indirect fixed costs like office expenses). However, for a company like Boeing, which has long-term, complex projects, other factors such as research and development costs, changes in program accounting estimates, and the timing of aircraft deliveries can also significantly impact profitability. Therefore, while gross margin is important, it should be considered alongside other financial metrics and the context of the company's operations and industry.","label":"Refusal"}
{"financebench_id":"financebench_id_09724","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Coca Cola's FY2021 COGS % margin? Calculate what was asked by utilizing the line items clearly shown in the income statement.","gold_answer":0.397,"model_answer":"Based on the provided information, the Cost of Goods Sold (COGS) percentage margin for Coca Cola in FY2021 can be calculated using the following formula:\n\nCOGS % Margin = (COGS \/ Net Operating Revenues) * 100\n\nHowever, the provided information does not include the specific COGS figure for FY2021. Without the actual COGS figure for FY2021, it is not possible to calculate the COGS % margin for that year. If you can provide the COGS figure for FY2021, I would be able to perform the calculation for you.","label":"Refusal"}
{"financebench_id":"financebench_id_06272","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Coca Cola's FY2022 dividend payout ratio (using total cash dividends paid and net income attributable to shareholders)? Round answer to two decimal places. Answer the question asked by assuming you only have access to information clearly displayed in the cash flow statement and the income statement.","gold_answer":0.8,"model_answer":"I'm sorry, but I don't have access to the specific financial statements for Coca-Cola or any other company's fiscal year 2022 dividend payout ratio. To calculate the dividend payout ratio, you would typically divide the total cash dividends paid by the net income attributable to shareholders. Both of these figures are usually found in a company's financial statements, specifically the income statement for net income and the cash flow statement or notes to the financial statements for dividends paid.\n\nIf you can provide the net income attributable to shareholders for Coca-Cola's fiscal year 2022, I can help you calculate the dividend payout ratio using the total cash dividends paid, which you've mentioned as $4.45 per share. Otherwise, you would need to refer to Coca-Cola's official financial statements for the required information.","label":"Refusal"}
{"financebench_id":"financebench_id_10130","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Based on the information provided primarily in the balance sheet and the statement of income, what is FY2020 days payable outstanding (DPO) for Corning? DPO is defined as: 365 * (average accounts payable between FY2019 and FY2020) \/ (FY2020 COGS + change in inventory between FY2019 and FY2020). Round your answer to two decimal places.","gold_answer":63.86,"model_answer":"I'm sorry, but the information provided does not include the necessary details to calculate the days payable outstanding (DPO) for Corning for FY2020. Specifically, the cost of goods sold (COGS) for FY2020 and the inventory values for FY2019 and FY2020 are not provided in the context given. To calculate DPO, we would need these figures along with the accounts payable for FY2019 and FY2020. If you can provide the missing information, I would be able to assist you with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_00005","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does Corning have positive working capital based on FY2022 data? If working capital is not a useful or relevant metric for this company, then please state that and explain why.","gold_answer":"Yes. Corning had a positive working capital amount of $831 million by FY 2022 close. This answer considers only operating current assets and current liabilities that were clearly shown in the balance sheet.","model_answer":"Based on the information provided, I do not have the specific data for Corning's financials for the full year of 2022 (FY2022). The latest data available in the context provided is for the year ending December 31, 2021. Therefore, I cannot determine whether Corning has positive working capital for FY2022.\n\nFor the year ending December 31, 2021, Corning did have positive working capital, as indicated by the working capital amount of $2,853 million. Working capital is calculated as current assets minus current liabilities, and a positive working capital indicates that the company has more current assets than current liabilities, which is generally a sign of good short-term financial health.\n\nWithout the data for 2022, it's not possible to assess the working capital for that year or to determine the relevance or usefulness of this metric for Corning in that period. For a current assessment, one would need to refer to the most recent financial statements or reports released by Corning for FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_01346","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"How much has the effective tax rate of Corning changed between FY2021 and FY2022?","gold_answer":"The effective tax rate of Corning has changed from 20% in FY2021 to 23% in FY 2022.","model_answer":"Based on the provided evidence, the effective tax rate for Corning in FY2021 was 20.5%, and for FY2022, the effective tax rate is not explicitly provided in the evidence. Therefore, I cannot determine the change in the effective tax rate between FY2021 and FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_04209","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Using only the information within the balance sheet, how much total assets did Costco have at the end of FY2021? Answer in USD millions.","gold_answer":59268,"model_answer":"I'm sorry, but the information provided does not include the balance sheet data for the end of FY2021 for Costco Wholesale Corporation. The latest year mentioned in the provided excerpts is 2019. To answer your question about the total assets at the end of FY2021, you would need the balance sheet for that specific fiscal year. If you can provide the balance sheet for FY2021, I would be happy to help you with the analysis.","label":"Refusal"}
{"financebench_id":"financebench_id_05915","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2018 fixed asset turnover ratio for CVS Health? Fixed asset turnover ratio is defined as: FY2018 revenue \/ (average PP&E between FY2017 and FY2018). Round your answer to two decimal places. Calculate what was asked by utilizing the line items clearly shown in the P&L statement and the balance sheet.","gold_answer":17.98,"model_answer":"I'm sorry, but I cannot provide the fixed asset turnover ratio for CVS Health for FY2018 as the necessary information, specifically the FY2018 revenue and the property, plant, and equipment (PP&E) values for FY2017 and FY2018, is not included in the context provided. The fixed asset turnover ratio calculation requires these specific figures to determine the efficiency with which a company uses its fixed assets to generate sales. If you can provide the FY2018 revenue and the PP&E values for the relevant fiscal years, I would be able to calculate the ratio for you.","label":"Refusal"}
{"financebench_id":"financebench_id_00790","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Is CVS Health a capital-intensive business based on FY2022 data?","gold_answer":"Yes, CVS Health requires an extensive asset base to operate, which is evident from its ROA of only 1.82% in 2022 and 3.39% in 2021, though it should be noted that a significant portion of this asset base is goodwill, and CVS's fixed assets\/total assets ratio is on the lower side of 5.6%.","model_answer":"I'm sorry, but the information provided does not contain specific financial data or details regarding capital expenditures, assets, or the proportion of capital versus labor in CVS Health's business operations for FY2022. To determine if CVS Health is a capital-intensive business, one would typically look at the company's financial statements, specifically the balance sheet for assets and the cash flow statement for capital expenditures. Capital-intensive businesses usually have high levels of investment in physical assets such as property, plant, and equipment. Without this financial data, I cannot accurately answer whether CVS Health is a capital-intensive business based on FY2022 data.","label":"Refusal"}
{"financebench_id":"financebench_id_00822","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Were there any board member nominees who had substantially more votes against joining than the other nominees?","gold_answer":"Yes, his name is Richard A. Johnson","model_answer":"I'm sorry, but you haven't provided any specific evidence or data regarding the voting results for board member nominees. To answer your question about whether there were any board member nominees who had substantially more votes against joining than the other nominees, I would need the actual voting results or a summary of those results. Without that information, I cannot provide an answer to your question. If you have the voting results or any additional context, please share them, and I would be happy to help.","label":"Refusal"}
{"financebench_id":"financebench_id_00839","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does Foot Locker's new CEO have previous CEO experience in a similar company to Footlocker?","gold_answer":"Yes. She was previous CEO of Ulta Beauty which means she had to manage a large retail company that has brick and mortar + online business. So yes she was a CEO in a similar company to Foot Locker before this.","model_answer":"Based on the provided context, there is no direct information about the previous experience of Foot Locker's new CEO or whether they have previous CEO experience in a similar company to Foot Locker. The certifications only state the names of individuals who have reviewed the Annual Report on Form 10-K of Foot Locker, Inc. and their responsibilities in relation to the report. Therefore, I don't have the information needed to answer the question about the new CEO's previous experience.","label":"Refusal"}
{"financebench_id":"financebench_id_04103","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2019 cash conversion cycle (CCC) for General Mills? CCC is defined as: DIO + DSO - DPO. DIO is defined as: 365 * (average inventory between FY2018 and FY2019) \/ (FY2019 COGS). DSO is defined as: 365 * (average accounts receivable between FY2018 and FY2019) \/ (FY2019 Revenue). DPO is defined as: 365 * (average accounts payable between FY2018 and FY2019) \/ (FY2019 COGS + change in inventory between FY2018 and FY2019). Round your answer to two decimal places. Address the question by using the line items and information shown within the income statement and the balance sheet.","gold_answer":-3.7,"model_answer":"I don't know the answer to your question because you haven't provided the specific financial data from General Mills' income statement and balance sheet that would be necessary to calculate the cash conversion cycle (CCC) for FY2019. To calculate the CCC, I would need the following data for FY2018 and FY2019:\n\n- Ending inventory for FY2018 and FY2019 to calculate the average inventory.\n- Cost of Goods Sold (COGS) for FY2019.\n- Ending accounts receivable for FY2018 and FY2019 to calculate the average accounts receivable.\n- Revenue for FY2019.\n- Ending accounts payable for FY2018 and FY2019 to calculate the average accounts payable.\n- Any change in inventory between FY2018 and FY2019 to adjust the DPO calculation.\n\nWithout this specific data, I'm unable to perform the calculation. If you can provide the necessary financial figures, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_03471","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"By drawing conclusions from the information stated only in the statement of financial position, what is General Mills's FY2020 working capital ratio? Define working capital ratio as total current assets divided by total current liabilities. Round your answer to two decimal places.","gold_answer":0.68,"model_answer":"I'm sorry, but the information provided does not include specific financial data for General Mills, nor does it mention General Mills at all. The context provided discusses working capital in general terms and provides an example of working capital calculation for an unspecified company, as well as mentioning the impact of the distribution of PayPal and some details about 3M's working capital.\n\nTo calculate the working capital ratio for General Mills, you would need the total current assets and total current liabilities specifically for General Mills for the fiscal year 2020. Since this information is not provided, I cannot calculate the working capital ratio for General Mills. If you can provide the relevant financial figures for General Mills, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_10136","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"We want to calculate a financial metric. Please help us compute it by basing your answers off of the cash flow statement and the income statement. Here's the question: what is the FY2022 retention ratio (using total cash dividends paid and net income attributable to shareholders) for General Mills? Round answer to two decimal places.","gold_answer":0.54,"model_answer":"To calculate the retention ratio, we need to use the following formula:\n\nRetention Ratio = (Net Income - Dividends Paid) \/ Net Income\n\nFrom the provided information, we need to find the net income attributable to General Mills shareholders for fiscal year 2022 and the total cash dividends paid in the same period.\n\nBased on the information provided:\n\nNet earnings attributable to General Mills for FY2022: $2,593.9 million\nDividends per share for FY2022: $2.16\nSince the total number of shares is not provided, we cannot calculate the total dividends paid directly from the dividends per share. However, we can assume that the total cash dividends paid is the product of the dividends per share and the number of shares outstanding. If the number of shares outstanding is not provided, we cannot calculate the total dividends paid and thus cannot compute the retention ratio.\n\nWithout the total number of shares outstanding, we cannot proceed with the calculation. If you can provide the number of shares outstanding, I can help you calculate the retention ratio. Otherwise, with the information at hand, it's not possible to compute the retention ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_01484","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"How did JnJ's US sales growth compare to international sales growth in FY2022?","gold_answer":"US sales increased 3.0% vs international sales decline of 0.6%.","model_answer":"Based on the provided context, there is no specific mention of Johnson & Johnson (JnJ) or its U.S. and international sales growth figures for the fiscal year 2022. The information given pertains to sales by U.S. companies and international companies in general, as well as sales by companies in various regions, but it does not explicitly reference JnJ or provide the necessary data to compare its U.S. sales growth to its international sales growth for that period.\n\nTherefore, I don't have the information required to answer the question about JnJ's U.S. sales growth compared to its international sales growth in FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_00669","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What drove gross margin change as of FY2022 for JnJ? If gross margin is not a useful metric for a company like this, then please state that and explain why.","gold_answer":"For FY22, JnJ had changes in gross margin due to: One-time COVID-19 vaccine manufacturing exit related costs, Currency impacts in the Pharmaceutical segment, Commodity inflation in the MedTech and Consumer Health segments, partially offset by Supply chain benefits in the Consumer Health segment.","model_answer":"I'm sorry, but the information provided does not include data for the fiscal year 2022, so I cannot provide an answer regarding what drove the gross margin change for Johnson & Johnson (assuming JnJ refers to Johnson & Johnson) in that year. The latest information available in the context provided is for the year ended December 31, 2016. To answer questions about FY2022, I would need the relevant financial data for that year.\n\nRegarding the usefulness of the gross margin metric for a company like Johnson & Johnson, gross margin is generally a useful financial metric for most companies, including those in the healthcare sector. It measures the percentage of total sales revenue that the company retains after incurring the direct costs associated with producing the goods it sells. This metric can provide insights into a company's production efficiency, pricing strategy, and product mix. However, without the specific context of Johnson & Johnson's operations and financials for FY2022, I cannot provide a detailed explanation of the relevance or irrelevance of the gross margin for that particular year.","label":"Refusal"}
{"financebench_id":"financebench_id_00711","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Roughly how many times has JnJ sold its inventory in FY2022? Calculate inventory turnover ratio for FY2022; if conventional inventory management is not meaningful for the company then state that and explain why.","gold_answer":"JnJ sold its inventory 2.7 times in FY2022.","model_answer":"I'm sorry, but you haven't provided any specific financial data or context related to Johnson & Johnson (JnJ) for the fiscal year 2022 that would allow me to calculate the inventory turnover ratio or to determine if conventional inventory management is meaningful for the company. To calculate the inventory turnover ratio, I would need figures such as the cost of goods sold (COGS) for the year and the average inventory for the same period. If you can provide this information, I would be able to assist you with the calculation. Otherwise, I'm unable to provide an answer based on the information currently available.","label":"Refusal"}
{"financebench_id":"financebench_id_01487","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Did JnJ's net earnings as a percent of sales increase in Q2 of FY2023 compared to Q2 of FY2022?","gold_answer":"Yes, net earnings as a percent of sales increased from 20% in Q2 of FY2022 to 20.1% in Q2 of FY2023.","model_answer":"I'm sorry, but the provided context does not contain specific information about Johnson & Johnson's (JnJ) net earnings as a percent of sales for the second quarter of fiscal year 2023 compared to the second quarter of fiscal year 2022. The context provided discusses net sales, gross profit, SG&A expenses, and other financial metrics, but it does not provide the net income figures needed to calculate net earnings as a percent of sales for the specified periods. Without this information, I cannot determine whether JnJ's net earnings as a percent of sales increased in Q2 of FY2023 compared to Q2 of FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_01488","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which business segment of JnJ will be treated as a discontinued operation from August 30, 2023 onward?","gold_answer":"The Consumer Health business segment will be treated as a discontinued operation from August 30, 2023 onward.","model_answer":"I don't know the answer to your question as the provided context does not contain information regarding any Johnson & Johnson business segments being treated as discontinued operations from August 30, 2023, onward.","label":"Refusal"}
{"financebench_id":"financebench_id_00299","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which of JPM's business segments had the lowest net revenue in 2021 Q1?","gold_answer":"Corporate. Its net revenue was -$473 million.","model_answer":"I'm sorry, but you haven't provided the specific financial data or the table with the segment results for JPMorgan Chase's net revenue in Q1 2021. To answer your question about which of JPMorgan Chase's business segments had the lowest net revenue in 2021 Q1, I would need the actual figures from the segment results table. If you can provide that data, I would be able to assist you with your question.","label":"Refusal"}
{"financebench_id":"financebench_id_02119","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"If JPM went bankrupted by the end by 2021 Q1 and liquidated all of its assets to pay its shareholders, how much could each shareholder get?","gold_answer":"They could receive $66.56 per share.","model_answer":"I'm sorry, but you haven't provided the specific financial data necessary to calculate how much each shareholder could get if JPMorgan Chase & Co. went bankrupt and liquidated all of its assets by the end of 2021 Q1. To answer this question, one would need to know the total assets available for liquidation, the total liabilities that need to be settled, and the number of outstanding shares at that time. This information is typically found in the company's balance sheet and other financial statements.\n\nIf you can provide the relevant financial figures from JPMorgan Chase & Co.'s financial statements, I could assist you in making a rough estimate. Otherwise, you would need to refer to the company's 2021 Form 10-K or other financial disclosures for the necessary information.","label":"Refusal"}
{"financebench_id":"financebench_id_00394","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"In 2022 Q2, which of JPM's business segments had the highest net income?","gold_answer":"Corporate & Investment Bank. Its net income was $3725 million.","model_answer":"I'm sorry, but the provided evidence does not contain specific information regarding the net income of JPMorgan Chase's individual business segments for the second quarter of 2022. The evidence only provides a firmwide overview and selected consolidated financial highlights without breaking down the net income by business segment. To answer your question, I would need more detailed financial data that includes the net income figures for each of JPMorgan Chase's business segments for Q2 2022.","label":"Refusal"}
{"financebench_id":"financebench_id_00206","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Are JPM's gross margins historically consistent (not fluctuating more than roughly 2% each year)? If gross margins are not a relevant metric for a company like this, then please state that and explain why.","gold_answer":"Since JPM is a financial institution, gross margin is not a relevant metric.","model_answer":"Based on the provided context, there is no specific information about JPM's (which could refer to JPMorgan Chase & Co., a financial services firm) gross margins or their historical consistency. The context provided discusses the gross margins of an unspecified company, detailing how they vary across products, services, geographic segments, and distribution channels. It also mentions that the company's gross margins are subject to volatility and can be affected by a variety of factors, including pricing pressures, competition, demand stimulation, product mix shifts, exchange rate fluctuations, and more.\n\nGross margins are a relevant metric for most companies as they indicate the percentage of revenue that exceeds the cost of goods sold (COGS), which is a critical factor in determining profitability. However, for financial services firms like JPMorgan Chase & Co., gross margins are not a commonly used metric. Instead, financial institutions typically focus on other financial measures such as net interest margin, return on assets (ROA), return on equity (ROE), and efficiency ratio, among others. These metrics are more relevant to the banking industry as they reflect the profitability and operational efficiency of a bank's core activities, which involve lending, investing, and providing financial services rather than selling physical goods.\n\nTherefore, without specific data on JPM's financial metrics, it is not possible to determine whether their gross margins are historically consistent. Moreover, gross margins would not be the most relevant metric for a financial services company like JPMorgan Chase & Co.","label":"Refusal"}
{"financebench_id":"financebench_id_02049","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Looking at VaR, did the risk that JPM faced in the second fiscal quarter of 2023 decrease compared to the same period in the prior year?","gold_answer":"Yes. It decreased.","model_answer":"Based on the provided context, there is no specific information regarding the Value at Risk (VaR) for the second fiscal quarter of 2023 compared to the same period in the prior year. The context provided includes information about the decrease in average total VaR by $87 million for the three months ended June 30, 2021, compared with the same period in the prior year, and other details about VaR in different periods, but it does not include the specific comparison for the second quarter of 2023. Therefore, I don't have the information needed to answer the question about the change in risk for JPM in the second fiscal quarter of 2023 compared to the prior year.","label":"Refusal"}
{"financebench_id":"financebench_id_10499","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Kraft Heinz's FY2019 inventory turnover ratio? Inventory turnover ratio is defined as: (FY2019 COGS) \/ (average inventory between FY2018 and FY2019). Round your answer to two decimal places. Please base your judgments on the information provided primarily in the balance sheet and the P&L statement.","gold_answer":6.25,"model_answer":"I'm sorry, but I don't have the necessary information to calculate the inventory turnover ratio for Kraft Heinz for FY2019. To calculate the inventory turnover ratio, I would need the cost of goods sold (COGS) for the fiscal year 2019 and the inventory values at the beginning and end of the fiscal year to determine the average inventory.\n\nThe inventory turnover ratio is calculated as follows:\n\nInventory Turnover Ratio = COGS \/ Average Inventory\n\nAverage Inventory is calculated by adding the inventory at the beginning of the year to the inventory at the end of the year and then dividing by 2.\n\nIf you can provide the COGS for FY2019 and the inventory values for the beginning and end of FY2019, I would be able to calculate the inventory turnover ratio for you.","label":"Refusal"}
{"financebench_id":"financebench_id_04412","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"We need to calculate a reasonable approximation (or exact number if possible) of a financial metric. Basing your judgment by information plainly provided in the balance sheet and the P&L statement, what is Lockheed Martin's FY2020 asset turnover ratio? Asset turnover ratio is defined as: FY2020 revenue \/ (average total assets between FY2019 and FY2020). Round your answer to two decimal places.","gold_answer":1.33,"model_answer":"I'm sorry, but the information provided does not include Lockheed Martin's FY2020 revenue, which is necessary to calculate the asset turnover ratio. The asset turnover ratio is calculated by dividing a company's annual revenue by its average total assets for the same period. While the average total assets for FY2020 are provided ($227,895 million), without the FY2020 revenue figure, it is not possible to calculate the asset turnover ratio.\n\nTo calculate the asset turnover ratio for Lockheed Martin's FY2020, you would need the revenue figure from Lockheed Martin's income statement for FY2020. If you can provide the FY2020 revenue, I can assist you with the calculation. Otherwise, I don't have enough information to provide the asset turnover ratio for Lockheed Martin's FY2020.","label":"Refusal"}
{"financebench_id":"financebench_id_03031","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Lockheed Martin's FY2021 net working capital? Define net working capital as total current assets less total current liabilities. Answer in USD millions. Respond to the question by assuming the perspective of an investment analyst who can only use the details shown within the balance sheet.","gold_answer":5818,"model_answer":"I'm sorry, but you haven't provided the balance sheet for Lockheed Martin or any specific financial figures from which I could calculate the company's net working capital for FY2021. To calculate net working capital, I would need the total current assets and total current liabilities from Lockheed Martin's balance sheet for the fiscal year 2021. If you can provide those figures, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_03718","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Lockheed Martin's 2 year total revenue CAGR from FY2020 to FY2022 (in units of percents and round to one decimal place)? Provide a response to the question by primarily using the statement of income.","gold_answer":0.004,"model_answer":"To calculate the Compound Annual Growth Rate (CAGR) for Lockheed Martin's total revenue from FY2020 to FY2022, we need the total revenue figures for the beginning year (FY2020) and the ending year (FY2022). However, the provided information only includes data for the quarters ended June 26, 2022, and June 27, 2021, which are part of FY2021 and FY2022, respectively. The full fiscal year data for FY2020 is not provided in the given context.\n\nWithout the total revenue for FY2020, it is not possible to calculate the CAGR for the period from FY2020 to FY2022. The CAGR formula is as follows:\n\nCAGR = (Ending Value\/Beginning Value)^(1\/n) - 1\n\nWhere:\n- Ending Value is the total revenue at the end of the period (FY2022).\n- Beginning Value is the total revenue at the beginning of the period (FY2020).\n- n is the number of years.\n\nSince we do not have the Beginning Value for FY2020, we cannot perform this calculation. Therefore, I don't have the information needed to answer the question about Lockheed Martin's 2-year total revenue CAGR from FY2020 to FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_04171","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Basing your judgments off of the balance sheet, what is the year end FY2018 amount of accounts payable for MGM Resorts? Answer in USD millions.","gold_answer":303,"model_answer":"I don't know the year-end FY2018 amount of accounts payable for MGM Resorts, as the provided context does not include the necessary information for the fiscal year 2018. The latest information available from the context is for the year ended December 31, 2017.","label":"Refusal"}
{"financebench_id":"financebench_id_01912","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which region had the worst topline performance for MGM during FY2022?","gold_answer":"MGM China experienced the worst topline performance amongst the other regions presented. Its revenue declined 44% in FY2022 whereas the other regions presented increased their revenues.","model_answer":"I'm sorry, but I don't have the data for MGM's financial performance for the fiscal year 2022. The information provided only includes details up to the year 2020. To answer your question about the worst topline performance for MGM during FY2022, you would need the financial data for that specific year. If you can provide the data for 2022, I would be happy to help analyze it.","label":"Refusal"}
{"financebench_id":"financebench_id_01911","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What was MGM's interest coverage ratio using FY2022 Adjusted EBIT as the numerator and annual Interest Expense as the denominator?","gold_answer":"As adjusted EBIT is negative, coverage ratio is zero","model_answer":"I'm sorry, but the information provided does not include the Adjusted EBIT (Earnings Before Interest and Taxes) for FY2022, which is necessary to calculate the interest coverage ratio. The interest coverage ratio is calculated by dividing the Adjusted EBIT by the annual interest expense. While you have provided the annual interest expense for FY2022, without the Adjusted EBIT figure, I cannot calculate the interest coverage ratio. If you can provide the Adjusted EBIT for FY2022, I would be able to perform this calculation for you.","label":"Refusal"}
{"financebench_id":"financebench_id_01254","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has MGM Resorts paid dividends to common shareholders in FY2022?","gold_answer":"Yes. MGM maintained 0.01$ per share annual dividend through out FY 2022.","model_answer":"Based on the provided context, there is no information regarding MGM Resorts and their dividend payments. The context provided relates to PG&E Corporation and the Utility, discussing their dividend payments and restrictions. Therefore, I cannot determine whether MGM Resorts has paid dividends to common shareholders in FY2022 from the given evidence. If you have information specific to MGM Resorts, please provide it, and I would be happy to help with your question.","label":"Refusal"}
{"financebench_id":"financebench_id_00407","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which type of debt received the largest investment among the short term investments for MGM in H1 FY2023?","gold_answer":"the biggest short term investment is in corporate bonds (almost 82% of the total investment)","model_answer":"I'm sorry, but the information provided does not include specific details about short-term investments for MGM in the first half of the fiscal year 2023. The context given includes details about long-term debt as of December 31, 2016, and December 31, 2015, as well as some planned capital expenditures for 2018, but it does not contain the necessary data to answer your question about short-term investments in 2023. If you have the relevant data or report that includes the short-term investments for MGM in H1 FY2023, please provide it, and I would be happy to help you with your question.","label":"Refusal"}
{"financebench_id":"financebench_id_04700","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2016 COGS for Microsoft? Please state answer in USD millions. Provide a response to the question by primarily using the statement of income.","gold_answer":32780,"model_answer":"I'm sorry, but the information provided does not include the cost of goods sold (COGS) for Microsoft for the fiscal year 2016. The statement of income typically includes COGS, but the excerpts you've provided focus on revenue, net income, earnings per share, and revenue by product and service offerings. To calculate COGS, we would need the gross margin and the revenue, then subtract the gross margin from the revenue. However, without the explicit COGS figure or the gross margin for FY2016, I cannot provide the FY2016 COGS for Microsoft. If you can provide the gross margin for FY2016, I could assist in calculating the COGS.","label":"Refusal"}
{"financebench_id":"financebench_id_00552","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has Microsoft increased its debt on balance sheet between FY2023 and the FY2022 period?","gold_answer":"No. Microsoft decreased its debt by $2.5bn in FY 2023 vs FY 2022.","model_answer":"Based on the provided context, there is no direct information regarding the change in Microsoft's debt on the balance sheet between fiscal year 2023 and fiscal year 2022. The context mentions the financing of the LinkedIn acquisition through the issuance of new indebtedness, but this event was related to a transaction that was announced in June 2016. There is no mention of the actual debt levels or changes in debt for the fiscal years in question. Therefore, I don't have the information needed to answer whether Microsoft has increased its debt between FY2023 and FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_04458","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"We want to calculate a financial metric. Please help us compute it by basing your answers off of the statement of income and the statement of cash flows. Here's the question: what is the FY2015 unadjusted EBITDA % margin for Netflix? Calculate unadjusted EBITDA using unadjusted operating income and D&A (from cash flow statement).","gold_answer":0.054,"model_answer":"I'm sorry, but you haven't provided the specific financial data for Netflix's FY2015, such as the unadjusted operating income or the depreciation and amortization (D&A) figures from the cash flow statement. To calculate the unadjusted EBITDA % margin, I would need the following information:\n\n1. Unadjusted Operating Income for FY2015: This figure is typically found on the income statement and represents the earnings before interest and taxes (EBIT).\n\n2. Depreciation and Amortization (D&A) for FY2015: This figure is usually found on the cash flow statement under cash flows from operating activities. It represents the non-cash expenses for the depreciation of tangible assets and the amortization of intangible assets.\n\nOnce you have these two figures, you can calculate the unadjusted EBITDA by adding the D&A to the unadjusted operating income. The EBITDA % margin is then calculated by dividing the unadjusted EBITDA by total revenue and multiplying by 100 to get a percentage.\n\nThe formula for unadjusted EBITDA % margin is:\n\nUnadjusted EBITDA % Margin = (Unadjusted Operating Income + D&A) \/ Total Revenue x 100\n\nIf you can provide the necessary figures, I can assist you with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_04302","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"We need to calculate a reasonable approximation (or exact number if possible) of a financial metric. Basing your judgment by information plainly provided in the statement of income, what is Nike's three year average of cost of goods sold as a % of revenue from FY2016 to FY2018? Answer in units of percents and round to one decimal place.","gold_answer":0.551,"model_answer":"I'm sorry, but the information provided does not include the specific figures for revenue or cost of goods sold (COGS) for fiscal years 2016 to 2018. To calculate the three-year average of cost of goods sold as a percentage of revenue for those years, you would need the total revenue and the cost of goods sold for each of those years.\n\nThe cost of goods sold as a percentage of revenue is calculated by dividing the cost of goods sold by the total revenue and then multiplying by 100 to get a percentage. Without the actual numbers for those fiscal years, it is not possible to calculate the average or provide an exact number.\n\nIf you have the financial statements for Nike for fiscal years 2016 to 2018, you can find the necessary figures on the income statement. Once you have those figures, you can perform the calculation as follows:\n\n1. For each year, divide COGS by total revenue to get the COGS percentage.\n2. Add the COGS percentages for each of the three years together.\n3. Divide the sum by 3 to get the average COGS percentage over the three years.\n4. Round the result to one decimal place.\n\nPlease provide the relevant data for fiscal years 2016 to 2018, and I can assist you with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_03531","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"According to the details clearly outlined within the balance sheet, how much total current assets did Nike have at the end of FY2019? Answer in USD millions.","gold_answer":16525,"model_answer":"I'm sorry, but the information provided does not include the total current assets for Nike at the end of FY2019. The details given pertain to cash and cash equivalents, as well as marketable securities, but do not provide the full scope of current assets which would typically include other items such as inventories, receivables, and other short-term assets. To answer your question accurately, I would need the complete balance sheet data for Nike for FY2019.","label":"Refusal"}
{"financebench_id":"financebench_id_04080","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"When primarily referencing the income statement and the statement of financial position, what is the FY2021 inventory turnover ratio for Nike? Inventory turnover ratio is defined as: (FY2021 COGS) \/ (average inventory between FY2020 and FY2021). Round your answer to two decimal places.","gold_answer":3.46,"model_answer":"I'm sorry, but you haven't provided the necessary financial data for Nike's FY2021 cost of goods sold (COGS) or the inventory levels for FY2020 and FY2021. To calculate the inventory turnover ratio, I would need the actual figures for these items. If you can provide the relevant numbers, I would be happy to help you calculate the inventory turnover ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_04980","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2021 capital expenditure amount (in USD billions) for PepsiCo? Respond to the question by assuming the perspective of an investment analyst who can only use the details shown within the statement of cash flows.","gold_answer":4.6,"model_answer":"I'm sorry, but the information provided does not include the capital expenditure amount for PepsiCo for the fiscal year 2021. The data presented only includes capital expenditure details for an unspecified company, with amounts and percentages allocated to various operating segments and corporate expenses. To accurately report PepsiCo's FY2021 capital expenditure, I would need the specific financial statements or disclosures from PepsiCo.","label":"Refusal"}
{"financebench_id":"financebench_id_04481","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2022 unadjusted EBITDA % margin for PepsiCo? Calculate unadjusted EBITDA using unadjusted operating income and D&A (from cash flow statement). Give a response to the question by relying on the details shown in the statement of cash flows and the P&L statement.","gold_answer":0.165,"model_answer":"I'm sorry, but I don't have access to the full cash flow statement for PepsiCo for FY2022, which would provide the necessary depreciation and amortization (D&A) figures needed to calculate unadjusted EBITDA. The provided excerpts only show the consolidated statements of income for certain fiscal years, and while they include operating profit, they do not include a detailed breakdown of depreciation and amortization expenses.\n\nTo calculate the unadjusted EBITDA margin, you would typically add back depreciation and amortization to the operating profit to get EBITDA, and then divide that by net revenue to get the EBITDA margin. The formula looks like this:\n\nUnadjusted EBITDA = Operating Profit + Depreciation Expense + Amortization Expense\nUnadjusted EBITDA Margin = (Unadjusted EBITDA \/ Net Revenue) x 100\n\nWithout the depreciation and amortization figures, I cannot provide the unadjusted EBITDA or its margin. If you can provide the depreciation and amortization figures from the cash flow statement, I would be able to assist you with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_03620","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2022 unadjusted EBITDA less capex for PepsiCo? Define unadjusted EBITDA as unadjusted operating income + depreciation and amortization [from cash flow statement]. Answer in USD millions. Respond to the question by assuming the perspective of an investment analyst who can only use the details shown within the statement of cash flows and the income statement.","gold_answer":9068,"model_answer":"I'm sorry, but I don't have access to the specific financial documents for PepsiCo or any other real-world company's financial data beyond my knowledge cutoff date. To calculate the FY2022 unadjusted EBITDA less capex for PepsiCo, you would need to look at PepsiCo's actual income statement to find the unadjusted operating income and add the depreciation and amortization expenses from the cash flow statement. Then, you would subtract the capital expenditures (capex) from this total to get the unadjusted EBITDA less capex.\n\nIf you have the income statement and cash flow statement for PepsiCo for FY2022, you can perform this calculation by following these steps:\n\n1. Locate the unadjusted operating income on the income statement.\n2. Find the depreciation and amortization expenses on the cash flow statement.\n3. Add the depreciation and amortization expenses to the unadjusted operating income to get the unadjusted EBITDA.\n4. Look for the capital expenditures (capex) on the cash flow statement under the section for investing activities.\n5. Subtract the capex from the unadjusted EBITDA to get the unadjusted EBITDA less capex.\n\nPlease provide the relevant figures from PepsiCo's financial statements, and I can assist you with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_01328","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the quantity of restructuring costs directly outlined in Pepsico's income statements for FY2022? If restructuring costs are not explicitly outlined then state 0.","gold_answer":"Pepsico's restructuring costs in FY2022 amounted to $411 million .","model_answer":"I don't have the information required to answer the question about PepsiCo's restructuring costs for FY2022. If you can provide the relevant financial data or statements for that fiscal year, I would be able to assist you further. Otherwise, based on the information available, I cannot provide the quantity of restructuring costs for FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_00735","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has Pepsico reported any materially important ongoing legal battles from FY2022 and FY2021?","gold_answer":"No, Pepsico is not involved in material legal battles.","model_answer":"Based on the provided context, there is no specific information regarding any materially important ongoing legal battles for PepsiCo from FY2022 and FY2021. The context only mentions a legal proceeding initiated by the Colombian environmental authority against PepsiCo's subsidiary, PepsiCo Alimentos Z.F., Ltda. (PAZ), which began in April 2017 and had developments in July 2018 and August 2018. There is no mention of the final outcome of this case or any other legal proceedings for the fiscal years 2021 and 2022. Therefore, I cannot provide information on PepsiCo's legal battles for those years based on the given context. If you have additional information or documents that cover those fiscal years, please provide them, and I can assist you further.","label":"Refusal"}
{"financebench_id":"financebench_id_01482","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"At the Pepsico AGM held on May 3, 2023, what was the outcome of the shareholder vote on the shareholder proposal for a congruency report by Pepsico on net-zero emissions policies?","gold_answer":"The shareholder proposal for a congruency report by Pepsico on net-zero emissions policies was defeated.","model_answer":"I don't have the information required to answer the question about the outcome of the shareholder vote on the shareholder proposal for a congruency report by Pepsico on net-zero emissions policies at the Pepsico AGM held on May 3, 2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00302","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Did Pfizer grow its PPNE between FY20 and FY21?","gold_answer":"Yes, change in PPNE was positive year over year","model_answer":"I'm sorry, but you haven't provided the specific financial data or evidence from Pfizer's financial reports for fiscal years 2020 and 2021 that would be necessary to determine whether Pfizer grew its Property, Plant, and Equipment (PP&E) net between those years. To answer your question, I would need the relevant excerpts from Pfizer's financial statements, particularly the balance sheets or notes from the Form 10-K reports for FY20 and FY21, which would show the PP&E values for each year. If you can provide that information, I would be able to assist you further.","label":"Refusal"}
{"financebench_id":"financebench_id_02416","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What are three main companies acquired by Pfizer mentioned in this 10K report?","gold_answer":"Trillium, Array, and Therachon","model_answer":"Based on the evidence provided, I don't have the necessary information to answer the question about the three main companies acquired by Pfizer mentioned in the 10K report. The context numbers (3), (4), (5), and (6) do not provide specific details about company acquisitions. If you can provide the relevant sections or excerpts from the 10-K report that discuss acquisitions, I would be able to help you identify the companies.","label":"Refusal"}
{"financebench_id":"financebench_id_00702","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Were there any potential events that are not in Pfizer's standard business operations that substantially increased net income in 2019?","gold_answer":"Yes, the gain on completion of Consumer Healthcare JV Transaction","model_answer":"Based on the provided context, it is mentioned that the domestic income in 2019 was positively affected by the gain on the completion of the Consumer Healthcare Joint Venture (JV) transaction. This event is not part of Pfizer's standard business operations, as it is a one-time transaction, and it substantially increased net income in 2019.","label":"Refusal"}
{"financebench_id":"financebench_id_00724","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"For Pfizer, which geographic region had the biggest drop in Q22023 year over year revenues (on a percentage basis)?","gold_answer":"Developed Rest of the World","model_answer":"I'm sorry, but the information provided does not include specific data for the second quarter (Q2) of 2023, nor does it provide a year-over-year comparison for that specific period. The data presented in the context focuses on annual figures for various years, including 2018, 2019, 2020, 2021, and 2022, but it does not break down the revenues by individual quarters. Therefore, I cannot determine which geographic region had the biggest drop in Q2 2023 year-over-year revenues for Pfizer.","label":"Refusal"}
{"financebench_id":"financebench_id_02419","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"As of Q2'2023, is Pfizer spinning off any large business segments?","gold_answer":"Yes, it's spinning off Upjohn.","model_answer":"I'm sorry, but you haven't provided any specific evidence regarding Pfizer's business operations or potential spin-offs as of Q2 2023. To answer your question accurately, I would need relevant information or a specific document that discusses Pfizer's strategic plans, including any details about spinning off business segments. If you have such a document or information, please provide it, and I would be happy to help with your query.","label":"Refusal"}
{"financebench_id":"financebench_id_00601","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What drove the reduction in SG&A expense as a percent of net sales in FY2023?","gold_answer":"Lower marketing expenses and leverage of incentive compensation due to higher sales. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.","model_answer":"I'm sorry, but you haven't provided any specific information regarding the fiscal year 2023 that would allow me to answer your question about what drove the reduction in SG&A expense as a percent of net sales in that year. If you can provide the relevant details or context for FY2023, I would be happy to help with your query.","label":"Refusal"}
{"financebench_id":"financebench_id_00603","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What drove the increase in Ulta Beauty's merchandise inventories balance at end of FY2023?","gold_answer":"Increase in Merchandise inventories balance was driven by the opening of 47 new stores. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.","model_answer":"I'm sorry, but you haven't provided any specific evidence regarding Ulta Beauty's merchandise inventories balance at the end of FY2023. To accurately answer your question, I would need specific information or data related to Ulta Beauty's inventory levels, such as details from their financial statements or management's discussion and analysis from FY2023. Without this information, I cannot determine what drove the increase in their merchandise inventories balance. If you can provide the relevant details, I would be happy to help interpret them.","label":"Refusal"}
{"financebench_id":"financebench_id_00605","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What percent of Ulta Beauty's total spend on stock repurchases for FY 2023 occurred in Q4 of FY2023?","gold_answer":"36%. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.","model_answer":"I'm sorry, but the provided context does not contain specific information regarding Ulta Beauty's total spend on stock repurchases for FY 2023 or the percentage that occurred in Q4 of FY 2023. To answer your question accurately, I would need specific financial data from Ulta Beauty's fiscal reports or official statements detailing their stock repurchase activities for the fiscal year in question.","label":"Refusal"}
{"financebench_id":"financebench_id_00606","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Did Ulta Beauty's wages expense as a percent of net sales increase or decrease in FY2023?","gold_answer":"Wages expense as a percent of net sales increased in FY2023. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.","model_answer":"I'm sorry, but the information provided does not contain any data regarding Ulta Beauty's financials or wage expenses. The context given only includes information about a different company's net sales, operating expenses, and specific impacts on their financials. Without the relevant data for Ulta Beauty, I cannot answer whether their wages expense as a percent of net sales increased or decreased in FY2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00521","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What are major acquisitions that Ulta Beauty has done in FY2023 and FY2022?","gold_answer":"Ulta Beauty did not make any acquisitions in FY2023 and FY2022.","model_answer":"I don't have the information required to answer the question about Ulta Beauty's major acquisitions in FY2023 and FY2022. The context provided does not include any details about Ulta Beauty's acquisitions. If you have specific information regarding Ulta Beauty's financial activities, please provide it, and I would be happy to help with your query.","label":"Refusal"}
{"financebench_id":"financebench_id_02024","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"As of FY 2021, how much did Verizon expect to pay for its retirees in 2024?","gold_answer":"The estimated pension benefits were $1097 million, and the estimated health care and life insurance benefits were $862 million.","model_answer":"I'm sorry, but the provided excerpts from Verizon's annual reports do not contain specific information regarding the expected payments for retirees in 2024. The information given is related to unrecognized compensation expense for RSUs and PSUs, stock-based compensation expenses, and the settlement of RSUs and PSUs classified as liability awards. To answer your question about the expected payments for retirees in 2024, information regarding pension obligations or postretirement benefit plans and their expected future payments would be required, which is not included in the provided context. If you have the relevant section from the annual report that discusses future payments for retirees, I could assist you with that information.","label":"Refusal"}
{"financebench_id":"financebench_id_00216","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does Verizon have a reasonably healthy liquidity profile based on its quick ratio for FY 2022? If the quick ratio is not relevant to measure liquidity, please state that and explain why.","gold_answer":"No. The quick ratio was approximately 0.54 for Verizon. It indicated that Verizon does not have a healthy liquidity profile.","model_answer":"Based on the provided context, there is no direct information about Verizon's quick ratio for FY 2022. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets (cash and cash equivalents, marketable securities, and accounts receivable). The information provided does not include accounts receivable, which is a necessary component to calculate the quick ratio.\n\nHowever, the current ratio, which includes all current assets and current liabilities, is mentioned for a different time period (as of July 29, 2023, January 28, 2023, and July 30, 2022), and it remained unchanged at 1.0. While the current ratio is a broader measure of liquidity than the quick ratio, the fact that it is at 1.0 indicates that the company has enough current assets to meet its current liabilities.\n\nWithout the specific accounts receivable figure or the quick ratio itself for FY 2022, it is not possible to directly assess Verizon's liquidity profile based on the quick ratio. To provide a more accurate answer, additional financial data for FY 2022 would be required.","label":"Refusal"}
{"financebench_id":"financebench_id_00566","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has Verizon increased its debt on balance sheet between 2022 and the 2021 fiscal period?","gold_answer":"No. Verizon's debt decreased by $229 million.","model_answer":"I'm sorry, but the information provided does not include specific figures for Verizon's total debt for the fiscal years 2021 and 2022, which are necessary to determine whether the company has increased its debt on the balance sheet between those periods. To answer your question accurately, I would need the relevant data from Verizon's annual reports or financial statements for those years.","label":"Refusal"}
{"financebench_id":"financebench_id_06247","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is FY2018 days payable outstanding (DPO) for Walmart? DPO is defined as: 365 * (average accounts payable between FY2017 and FY2018) \/ (FY2018 COGS + change in inventory between FY2017 and FY2018). Round your answer to two decimal places. Please base your judgments on the information provided primarily in the statement of financial position and the P&L statement.","gold_answer":42.69,"model_answer":"I'm sorry, but I don't have access to the specific financial statements or the detailed figures for Walmart's FY2018 cost of goods sold (COGS), inventory levels for FY2017 and FY2018, or the exact accounts payable for those years. To calculate the days payable outstanding (DPO), I would need the following information:\n\n1. Accounts payable for FY2017 and FY2018 to calculate the average accounts payable.\n2. COGS for FY2018.\n3. Inventory levels at the end of FY2017 and FY2018 to calculate the change in inventory.\n\nWithout this data, I cannot provide the FY2018 DPO for Walmart. If you can provide the necessary figures, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_04784","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Based on the information provided primarily in the statement of income, what is the FY2018 - FY2019 change in unadjusted operating income % margin for Walmart? Answer in units of percents and round to one decimal place.","gold_answer":0.002,"model_answer":"I'm sorry, but the information provided does not include the specific figures for fiscal years 2018 and 2019, which are necessary to calculate the change in unadjusted operating income percentage margin for Walmart for those years. To calculate this change, I would need the operating income and net sales figures for both FY2018 and FY2019. If you can provide those figures, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_06741","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2018 - FY2020 3 year average unadjusted EBITDA % margin for Walmart? Define unadjusted EBITDA as unadjusted operating income + depreciation and amortization from the cash flow statement. Answer in units of percents and round to one decimal place. Calculate what was asked by utilizing the line items clearly shown in the P&L statement and the cash flow statement.","gold_answer":0.062,"model_answer":"I'm sorry, but I don't have the necessary information to calculate the 3-year average unadjusted EBITDA margin for Walmart for fiscal years 2018 to 2020. The provided data only includes information up to fiscal year 2018, and there is no data on depreciation and amortization from the cash flow statement. To calculate the EBITDA margin, I would need the operating income and depreciation and amortization for each of the fiscal years 2018, 2019, and 2020, which are not provided in the context given. If you can provide the missing data, I would be happy to assist with the calculation.","label":"Refusal"}
{"financebench_id":"financebench_id_01858","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does 3M maintain a stable trend of dividend distribution?","gold_answer":"Yes, not only they distribute the dividends on a routine basis, 3M has also been increasing the per share dividend for consecutive 65 years","model_answer":"Yes, 3M maintains a stable trend of dividend distribution. The provided evidence indicates that 3M has paid dividends since 1916 and has consistently increased its dividend annually. For instance, in February 2016, the dividend was increased by 8 percent to $1.11 per share, marking the 58th consecutive year of dividend increases. In February 2019, the dividend was increased by 6 percent to $1.44 per share, marking the 61st consecutive year of dividend increases. Furthermore, in February 2023, 3M declared a first-quarter dividend of $1.50 per share, an increase of 1 percent, which is equivalent to an annual dividend of $6.00 per share and marked the 65th consecutive year of dividend increases. This consistent pattern of annual dividend increases demonstrates a stable trend in dividend distribution by 3M.","label":"Correct Answer"}
{"financebench_id":"financebench_id_07507","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Adobe's year-over-year change in unadjusted operating income from FY2015 to FY2016 (in units of percents and round to one decimal place)? Give a solution to the question by using the income statement.","gold_answer":0.654,"model_answer":"To calculate the year-over-year change in unadjusted operating income from FY2015 to FY2016, we will use the operating income figures for those years from the income statement provided.\n\nOperating income for FY2016: $1,493,602 (in thousands)\nOperating income for FY2015: $903,095 (in thousands)\n\nThe formula to calculate the year-over-year change in percentage is:\n\n[(Operating Income in FY2016 - Operating Income in FY2015) \/ Operating Income in FY2015] * 100\n\nPlugging in the numbers:\n\n[(1,493,602 - 903,095) \/ 903,095] * 100\n= (590,507 \/ 903,095) * 100\n= 0.6537 * 100\n= 65.37%\n\nRounded to one decimal place, the year-over-year change in unadjusted operating income from FY2015 to FY2016 is 65.4%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_08135","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Amazon's year-over-year change in revenue from FY2016 to FY2017 (in units of percents and round to one decimal place)? Calculate what was asked by utilizing the line items clearly shown in the statement of income.","gold_answer":0.308,"model_answer":"To calculate the year-over-year change in revenue from FY2016 to FY2017, we will use the Total net sales figures for both years from the provided financial statements.\n\nTotal net sales for FY2016: $135,987 million\nTotal net sales for FY2017: $177,866 million\n\nThe formula to calculate the year-over-year percentage change is:\n\n[(Total net sales in FY2017 - Total net sales in FY2016) \/ Total net sales in FY2016] * 100\n\nPlugging in the numbers:\n\n[(177,866 - 135,987) \/ 135,987] * 100\n\nCalculating the difference and the percentage change:\n\n41,879 \/ 135,987 * 100 \u2248 30.8%\n\nTherefore, Amazon's year-over-year change in revenue from FY2016 to FY2017 is approximately 30.8%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_08286","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"By drawing conclusions from the information stated only in the income statement, what is Amazon's FY2019 net income attributable to shareholders (in USD millions)?","gold_answer":11588,"model_answer":"Based on the provided information, Amazon's FY2019 net income attributable to shareholders is $11,588 million USD.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01936","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the nature & purpose of AMCOR's restructuring liability as oF Q2 of FY2023 close?","gold_answer":"87% of the total restructuring liability is related Employee liabilities.","model_answer":"Based on the provided context, the nature and purpose of Amcor's restructuring liability as of Q2 of FY2023 close are related to an enterprise-wide initiative commenced during the second quarter of fiscal 2023. This initiative was aimed at aligning the company's spending with critical strategies and operations, as well as optimizing its cost structure. The charges incurred due to this initiative were comprised of employee termination benefits from continuing operations. These charges were presented within the Restructuring charges on the company's Condensed Consolidated Statements of Earnings.\n\nThe purpose of the restructuring liability is to account for the costs associated with the restructuring initiative, which includes the financial impact of terminating employees as part of the effort to streamline operations and reduce costs. The initiative is intended to enhance operating efficiency and better position the company in light of ongoing changes in business trends. The restructuring actions are a strategic response to align the company's resources with its business priorities and improve its overall financial performance.\n\nThe cumulative amount of the restructuring charges as of July 29, 2023, was $125 million for domestic operations, with no additional charges for international operations during the quarter. This indicates that the restructuring efforts were primarily focused on the company's domestic operations.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01930","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"How much was the Real change in Sales for AMCOR in FY 2023 vs FY 2022, if we exclude the impact of FX movement, passthrough costs and one-off items?","gold_answer":"The Real Growth was flat in FY 2023 vs FY 2022.","model_answer":"The real change in sales for Amcor in FY 2023 versus FY 2022, excluding the impact of foreign exchange (FX) movement, pass-through costs, and one-off items, can be calculated based on the provided information.\n\nFrom the context provided:\n\n- Net sales increased by $150 million, or 1%, in fiscal year 2023 compared to fiscal year 2022.\n- Excluding the pass-through of raw material costs of $776 million, negative currency impacts of $426 million, and the negative impact of disposed and ceased operations of $207 million, the remaining variation in net sales for the fiscal year 2023 was an increase of $7 million, or 0%.\n\nTherefore, the real change in sales, excluding the specified factors, is an increase of $7 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01148","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What industry does AMCOR primarily operate in?","gold_answer":"Amcor is a global leader in packaging production for various use cases.","model_answer":"Amcor primarily operates in the packaging industry, specifically in developing and producing responsible packaging for various sectors including food, beverage, pharmaceutical, medical, home and personal-care, and other products.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01198","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What drove revenue change as of the FY22 for AMD?","gold_answer":"In 2022, AMD reported Higher sales of their EPYC server processors, higher semi-custom product sales, and the inclusion of Xilinx embedded product sales","model_answer":"The revenue change for AMD in FY22 was driven by several factors:\n\n1. Annual revenue grew 44 percent year-over-year to a record $23.6 billion despite a soft PC market and challenging macro environment in the second half of the year.\n2. The completion of the strategic acquisition of Xilinx in February 2022, which positioned AMD to address an expanded $300 billion market opportunity with a diverse portfolio of high-performance and adaptive computing solutions.\n3. The growth in the DATA CENTER segment, with annual revenue increasing 64 percent year-over-year to $6.0 billion, led by the growing adoption of AMD EPYC\u2122 processors.\n\nThese factors contributed to AMD's significant revenue growth in FY22.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00563","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"From FY21 to FY22, excluding Embedded, in which AMD reporting segment did sales proportionally increase the most?","gold_answer":"Data Center","model_answer":"Based on the provided context, the Data Center segment saw a significant increase in annual revenue, growing 64 percent year-over-year to $6.0 billion. This growth was led by the growing adoption of AMD EPYC\u2122 processors. \n\nThe Gaming segment also experienced growth with a 21% increase in revenue, primarily due to higher semi-custom product sales.\n\nThe Client segment, however, saw a decrease in revenue by 10%, primarily due to lower processor shipments driven by a weak PC market and significant inventory correction actions across the PC supply chain.\n\nTherefore, excluding the Embedded segment, the Data Center segment experienced the most significant proportional increase in sales from FY21 to FY22.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00995","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What are the major products and services that AMD sells as of FY22?","gold_answer":"AMD sells server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive System-on-Chip (SoC) products for data centers; CPUs, accelerated processing units (APUs) that integrate CPUs and GPUs, and chipsets for desktop and notebook personal computers; discrete GPUs, and semi-custom SoC products and development services; and embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products.","model_answer":"Based on the provided context, as of FY22, AMD's major products and services include:\n\n1. High-performance computing solutions for cloud computing, enterprise, and communications markets.\n2. Advanced microprocessors and APUs (Accelerated Processing Units) for various computing devices.\n3. GPUs (Graphics Processing Units) for PCs, gaming, and professional markets.\n4. Semi-custom SoC (System on Chip) products for gaming consoles such as the Sony PlayStation 5, Microsoft Xbox Series X and S, and Valve Steam Deck.\n5. Adaptive computing products for the healthcare industry, enabling precise surgical procedures and accelerating disease diagnosis.\n6. Adaptive computing products for the aerospace industry, including those used in the Perseverance Mars rover and NASA's Artemis missions.\n7. Automotive products that enable new safety, connectivity, and entertainment capabilities in next-generation vehicles.\n\nAdditionally, AMD's acquisition of Xilinx has expanded its product portfolio across a broader set of markets and customers, although specific products resulting from this acquisition are not detailed in the provided context.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01028","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What are the geographies that American Express primarily operates in as of 2022?","gold_answer":"United States, EMEA, APAC, and LACC","model_answer":"Based on the provided context, American Express primarily operates in the following geographies as of 2022:\n\n- The European, Middle Eastern, and African region, supported by the regional center in Ireland.\n- The Japan, India, Greater China, and Asia-Pacific region, supported by the center in Singapore.\n- Latin America and North America, supported by the centers in Fargo, North Dakota; Fort Lauderdale, Florida; Puerto Rico; Redmond, Washington; and Reno, Nevada.\n\nAdditionally, American Express has operations centers that support these regions and operates data centers throughout the Americas, Europe, Australia, and Asia, as well as in the Middle East and Africa. The company manages and reports its operating results through two reportable segments defined by geographic region: North America and International.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01351","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"How much has the effective tax rate of American Express changed between FY2021 and FY2022?","gold_answer":"The effective tax rate for American Express has changed\/dropped from 24.6% in FY 2021 to 21.6% in FY 2022.","model_answer":"The effective tax rate for American Express decreased from 24.6 percent in FY2021 to 21.6 percent in FY2022. This is a change of 3 percentage points.","label":"Correct Answer"}
{"financebench_id":"financebench_id_04254","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Basing your judgments off of the cash flow statement and the income statement, what is American Water Works's FY2021 unadjusted operating income + depreciation and amortization from the cash flow statement (unadjusted EBITDA) in USD millions?","gold_answer":1832,"model_answer":"Based on the information provided, we can calculate the unadjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for American Water Works for the fiscal year 2021 using the income statement data.\n\nFrom the income statement for the year ended December 31, 2021, we have the following figures:\n\nOperating income: $1,196 million\nDepreciation and amortization: $636 million\n\nTo calculate the unadjusted EBITDA, we add the operating income to the depreciation and amortization expenses:\n\nUnadjusted EBITDA = Operating income + Depreciation and amortization\nUnadjusted EBITDA = $1,196 million + $636 million\nUnadjusted EBITDA = $1,832 million\n\nTherefore, American Water Works's FY2021 unadjusted EBITDA is $1,832 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00685","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Are Best Buy's gross margins historically consistent (not fluctuating more than roughly 2% each year)? If gross margins are not a relevant metric for a company like this, then please state that and explain why.","gold_answer":"Yes, the margins have been consistent, there has been a minor decline of 1.1% in gross margins between FY2022 and FY2023.","model_answer":"Based on the provided information, Best Buy's gross margins have shown some fluctuation but have generally remained within a 2% range each year. Here are the relevant figures:\n\n- For the twelve months ended January 28, 2023, the gross profit percentage was 21.4%.\n- For the twelve months ended January 29, 2022, the gross profit percentage was 22.5%.\n\nThis indicates a year-over-year decrease of 1.1 percentage points, which is within the 2% threshold mentioned.\n\n- For the six months ended July 29, 2023, the gross profit percentage was 22.9%.\n- For the six months ended July 30, 2022, the gross profit percentage was 22.1%.\n\nThis shows a slight increase of 0.8 percentage points, which is also within the 2% range.\n\nTherefore, based on the provided data, Best Buy's gross margins have been historically consistent, with fluctuations remaining within roughly 2% each year. Gross margins are a relevant metric for a company like Best Buy as they indicate the percentage of revenue that the company retains after incurring the direct costs associated with producing the goods it sells. This metric is important for understanding the company's core profitability from its merchandise before accounting for other operational expenses.","label":"Correct Answer"}
{"financebench_id":"financebench_id_10285","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"We need to calculate a financial metric by using information only provided within the balance sheet. Please answer the following question: what is Boeing's year end FY2018 net property, plant, and equipment (in USD millions)?","gold_answer":12645,"model_answer":"Based on the provided information, the net property, plant, and equipment for Boeing at the end of FY2018 is $12,645 million. This figure is directly taken from the \"Consolidated Statements of Financial Position\" under the assets section for December 31, 2018.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00464","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Is Boeing's business subject to cyclicality?","gold_answer":"Yes, Boeing's business is subject to cyclicality due to its exposure to the airline industry which is a cyclical industry.","model_answer":"Yes, Boeing's business is subject to cyclicality. The provided text explicitly states that \"Traditionally, the airline industry has been cyclical\" and that it has experienced significant profit swings and constant challenges to be more cost competitive. This indicates that Boeing, which operates within the airline industry, is affected by the cyclical nature of the industry.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00494","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What production rate changes is Boeing forecasting for FY2023?","gold_answer":"Boeing forecasts an increase in the production rates for the 737, 777X and 787 aircrafts in 2023.","model_answer":"For FY2023, Boeing is forecasting that the production rate for the 787 program will gradually increase to 5 per month. Additionally, they plan to gradually increase the production rates for the 737 based on market demand and supply chain capacity. However, the specific production rate target for the 737 in FY2023 is not provided in the given context. The production of the 777X is expected to resume in 2023, but again, the specific production rate is not mentioned.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01244","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has CVS Health paid dividends to common shareholders in Q2 of FY2022?","gold_answer":"Yes, CVS paid a $ 0.55 dividend per share every quarter in FY2022","model_answer":"Based on the provided context, CVS Health Corporation has paid cash dividends every quarter since becoming a public company. During 2022, the quarterly cash dividend was $0.55 per share. Therefore, it can be inferred that CVS Health did pay dividends to common shareholders in Q2 of FY2022.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01107","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has CVS Health reported any materially important ongoing legal battles from 2022, 2021 and 2020?","gold_answer":"Yes, CVS Health has been involved in multiple ongoing legal battles. Some notable legal dispute areas for CVS are: (1) usual and customary pricing litigation: where it's claimed that CVS\u2019s retail pharmacies overcharged for prescription drugs; (2) PBM litigation and investigations: where it's claimed that that rebate agreements between the drug manufacturers and PBMs caused inflated prices for certain drug products; and (3) controlled substances litigation: legal matters around opioids for which CVS has agreed to pay up to $4.3 billion to claimants in remediation and $625 million to attorneys and fees","model_answer":"Yes, CVS Health has reported ongoing legal battles from the years 2020, 2021, and 2022. The provided context mentions several legal issues, including:\n\n1. In November 2021, CVS Health was found liable by a jury in a federal court in Ohio in a case related to opioids. In August 2022, the court issued a judgment against the defendants, including CVS Health, for $651 million to be paid over 15 years, along with injunctive relief. CVS Health is appealing this judgment.\n\n2. In March 2022, CVS Health Corporation and CVS Pharmacy, Inc. entered into a settlement agreement with the State of Florida to resolve claims related to opioid medications dating back more than a decade.\n\n3. The State of Mississippi filed a complaint against CVS Health Corporation in July 2016, alleging that CVS retail pharmacies in Mississippi submitted false claims for reimbursement to the Mississippi Medicaid program. As of June 2019, the Company's motion for judgment on the pleadings was granted in part and denied in part, and the State of Mississippi's motion to dismiss the Company's counterclaim for declaratory relief was granted. CVS Health is defending itself against these claims.\n\n4. CVS Health is named as a defendant in several lawsuits and is subject to investigations concerning its Pharmacy Benefit Manager (PBM) practices, with ongoing litigation and investigations mentioned without specific dates.\n\nThese points indicate that CVS Health has been involved in significant legal disputes during the specified years.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00956","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Are JnJ's FY2022 financials that of a high growth company?","gold_answer":"No, JnJ's FY2022 financials are not of a high growth company as sales grew by 1.3% in FY2022.","model_answer":"Based on the provided financial results for Johnson & Johnson (J&J) for the full year 2022, the company does not exhibit the characteristics of a high growth company. Here are the relevant points from the financial data:\n\n1. Reported Sales: J&J's reported sales for the full year 2022 were $94,943 million, which is only a 1.3% increase from the $93,775 million reported in 2021. This modest increase does not indicate high growth, which would typically be represented by a significantly higher percentage increase year over year.\n\n2. Net Earnings: The company's net earnings decreased by 14.1%, from $20,878 million in 2021 to $17,941 million in 2022. A decline in net earnings is contrary to what would be expected from a high growth company.\n\n3. EPS (Earnings Per Share): The diluted EPS also decreased from $7.81 in 2021 to $6.73 in 2022, a reduction of 13.8%. This decline further suggests that the company is not experiencing high growth.\n\nHigh growth companies are generally characterized by rapid increases in revenue and earnings, often at rates much higher than the overall market or their industry average. J&J's financials for FY2022 show stability and modest growth but not the rapid expansion typically associated with high growth companies.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01490","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the amount of the gain accruing to JnJ as a result of the separation of its Consumer Health business segment, as of August 30, 2023?","gold_answer":"JnJ will make a gain of approximately $20 billion from the separation of its Consumer Health business segment.","model_answer":"The gain accruing to Johnson & Johnson as a result of the separation of its Consumer Health business segment is approximately $20 billion in the third quarter of 2023.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01491","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the amount of the cash proceeds that JnJ realised from the separation of Kenvue (formerly Consumer Health business segment), as of August 30, 2023?","gold_answer":"JnJ realised $13.2 billion in cash proceeds from the separation of Kenvue.","model_answer":"The cash proceeds that Johnson & Johnson realized from the separation of Kenvue, formerly its Consumer Health business, amounted to $13.2 billion.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03282","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is Netflix's year end FY2017 total current liabilities (in USD millions)? Base your judgments on the information provided primarily in the balance sheet.","gold_answer":5466,"model_answer":"Netflix's year-end FY2017 total current liabilities are $5,466,312,000. This figure is in thousands, so to express it in millions, you would divide by 1,000. Therefore, the total current liabilities for FY2017 in USD millions is $5,466.312 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00080","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Does Paypal have positive working capital based on FY2022 data? If working capital is not a useful or relevant metric for this company, then please state that and explain why.","gold_answer":"Yes. Paypal has a positive working capital of $ 1.6Bn as of FY2022 end.","model_answer":"Based on the FY2022 data provided, PayPal has positive working capital. The working capital is calculated as the difference between total current assets and total current liabilities. The table presents a working capital figure of $2,278 million for December 31, 2022. This indicates that PayPal's total current assets exceed its total current liabilities, resulting in positive working capital for the fiscal year 2022. Working capital is a useful and relevant metric for the company as it indicates the company's short-term financial health and its ability to cover its short-term liabilities with its short-term assets.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01476","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"As of FY2023Q1, by how many percentage points did Pepsico raise full year guidance in respect of core constant currency EPS growth?","gold_answer":"Pepsico raised full year guidance in respect of core constant currency EPS growth by 1 percentage point.","model_answer":"Based on the provided evidence, PepsiCo raised its full-year guidance for core constant currency EPS growth from 8 percent to 9 percent as of FY2023Q1. This is an increase of 1 percentage point.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01474","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"As of FY2023Q1, why did Pepsico raise full year guidance for FY2023?","gold_answer":"Pepsico experienced a strong start to FY2023.","model_answer":"As of FY2023Q1, PepsiCo raised its full-year guidance for FY2023 because the company had a strong start to the year, with categories and geographies remaining resilient during the first quarter. This performance led the company to increase its expectations for full-year organic revenue growth from 6 percent to 8 percent and core constant currency EPS growth from 8 percent to 9 percent. Chairman and CEO Ramon Laguarta expressed satisfaction with the company's performance and business momentum, which prompted the updated guidance.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00705","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"By how much did Pepsico increase its unsecured five year revolving credit agreement on May 26, 2023?","gold_answer":"$400,000,000 increase.","model_answer":"PepsiCo increased its unsecured five-year revolving credit agreement by $400,000,000 on May 26, 2023. This is evident from the termination of the previous $3,800,000,000 five-year credit agreement dated May 27, 2022, and the establishment of a new $4,200,000,000 five-year credit agreement on May 26, 2023.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00882","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"As of May 26, 2023, what is the total amount Pepsico may borrow under its unsecured revolving credit agreements?","gold_answer":"Total amount Pepsico may borrow under unsecured revolving credit agreements = $8,400,000,000.","model_answer":"As of May 26, 2023, PepsiCo may borrow under two unsecured revolving credit agreements:\n\n1. The 2023 364 Day Credit Agreement allows PepsiCo to borrow up to $4,200,000,000.\n2. The 2023 Five Year Credit Agreement also allows PepsiCo to borrow up to $4,200,000,000.\n\nThe total amount PepsiCo may borrow under these agreements is the sum of the two, which is $4,200,000,000 + $4,200,000,000 = $8,400,000,000.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00215","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Is Verizon a capital intensive business based on FY 2022 data?","gold_answer":"Yes. Verizon's capital intensity ratio was approximately 2.774729. This means that it took approximately $2.77 of assets to generate $1 of revenue and thus, Verizon can be considered capital intensive.","model_answer":"Based on the FY 2022 data provided, Verizon reported capital expenditures of $23,087 million. Capital expenditures are funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. This is often a significant indicator of a capital-intensive business, as it suggests that the company must invest a substantial amount of resources in maintaining and expanding its operational capacity.\n\nGiven the high level of capital expenditures in comparison to many other industries, it is reasonable to conclude that Verizon is a capital-intensive business. This is typical for telecommunications companies, which require substantial investment in infrastructure such as network equipment, cables, towers, and technology to provide services to their customers.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01865","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"If we exclude the impact of M&A, which segment has dragged down 3M's overall growth in 2022?","gold_answer":"The consumer segment shrunk by 0.9% organically.","model_answer":"Based on the provided context, the segments that have dragged down 3M's overall growth, excluding the impact of mergers and acquisitions (M&A), are transportation safety, advanced materials, commercial solutions, and automotive and aerospace. These segments experienced declines due to various factors such as the decline in global car and light truck builds, and soft-end markets like hospitality, advertising, and highway infrastructure, which were affected by social distancing and work-from-home protocols as a result of COVID-19.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00499","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Is 3M a capital-intensive business based on FY2022 data?","gold_answer":"No, the company is managing its CAPEX and Fixed Assets pretty efficiently, which is evident from below key metrics:\nCAPEX\/Revenue Ratio: 5.1%\nFixed assets\/Total Assets: 20%\nReturn on Assets= 12.4%","model_answer":"Based on the provided context, it is not possible to definitively determine if 3M is a capital-intensive business based on FY2022 data because the specific financial figures for that fiscal year are not included in the context given. However, the context does indicate that 3M has a history of significant investments in property, plant, and equipment, which are typical indicators of a capital-intensive business. The company's continued investment in expanding production capacity, renewal and maintenance programs, and growth initiatives, including investments in manufacturing efficiency and sustainability, suggest that it likely maintains a capital-intensive operation.\n\nTo accurately confirm whether 3M is a capital-intensive business based on FY2022 data, one would need to review the company's financial statements for that year, particularly the capital expenditure figures and how they compare to the company's overall spending and revenue.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01964","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What was the largest liability in American Express's Balance Sheet in 2022?","gold_answer":"Customer deposits","model_answer":"Based on the provided evidence, the largest liability in American Express's Balance Sheet in 2022 was the \"Membership Rewards liability,\" which amounted to $12,789 million.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00476","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which debt securities are registered to trade on a national securities exchange under American Express' name as of 2022?","gold_answer":"There are none","model_answer":"Based on the provided context, the debt securities registered to trade on a national securities exchange under American Express' name as of 2022 are:\n\n- 2.000% Notes due 2027\n- 3.050% Notes due 2029\n- 3.600% Notes due 2042\n\nThese notes are registered on the New York Stock Exchange LLC.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_04417","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the year end FY2019 total amount of inventories for Best Buy? Answer in USD millions. Base your judgments on the information provided primarily in the balance sheet.","gold_answer":5409,"model_answer":"Based on the provided information, the year-end FY2019 total amount of inventories for Best Buy is $11,395 million USD.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01902","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which Best Buy product category performed the best (by top line) in the domestic (USA) Market during Q2 of FY2024?","gold_answer":"The entertainment segment experienced the highest growth of 9% during Q2 FY2024, primarily from gaming division.","model_answer":"Based on the provided evidence, during Q2 of FY2024 in the domestic (USA) market, the Best Buy product category that performed the best by top line, which refers to revenue, was Computing and Mobile Phones with a revenue mix percentage of 41%. Despite the negative comparable sales percentage change of (6.4)%, this category still had the largest share of revenue among all categories listed for that quarter.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00460","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Was there any change in the number of Best Buy stores between Q2 of FY2024 and FY2023?","gold_answer":"Yes, there is decline in number stores by 1.32% from 982 stores in Q2 FY 2023 to 969 by the end of Q2 FY2024.","model_answer":"Yes, there was a change in the number of Best Buy stores between Q2 of FY2024 and FY2023. According to the provided data:\n\nAt the beginning of the second quarter of FY2023, Best Buy had 931 stores. By the end of that quarter, they had opened 1 store and closed 2 stores, resulting in a total of 930 stores.\n\nAt the beginning of the second quarter of FY2024, Best Buy had 908 stores. By the end of that quarter, they had not opened any new stores and closed 1 store, resulting in a total of 907 stores.\n\nComparing the end of the second quarter for both fiscal years, Best Buy had 23 fewer stores in FY2024 (907 stores) than in FY2023 (930 stores).","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01091","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Has Boeing reported any materially important ongoing legal battles from FY2022?","gold_answer":"Yes. Multiple lawsuits have been filed against Boeing resulting from a 2018 Lion Air crash and a 2019 Ethiopian Airlines crash.","model_answer":"Based on the provided context, there is no specific mention of any materially important ongoing legal battles from FY2022. The context provided discusses legal matters from previous years, including settlements and legal actions related to the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents, as well as a legal dispute that involved proceedings in the Swedish appellate courts. However, there is no direct reference to any new or ongoing legal battles specifically from the fiscal year 2022. If there were any such battles that were material to Boeing's financial position, results of operations, or cash flows, the company would be expected to disclose them, including any reasonably possible losses in excess of recorded amounts, or explain why no such estimate can be made. Since no such information is provided in the context, it can be inferred that there are no reported materially important ongoing legal battles from FY2022 in the provided excerpts.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01290","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Who are the primary customers of Boeing as of FY2022?","gold_answer":"Boeing's primary customers as of FY2022 are a limited number of commercial airlines and the US government. The US government accounted for 40% of Boeing's total revenues in FY2022.","model_answer":"The primary customers of Boeing's Commercial Airplanes segment, as of FY2022, are the commercial airline industry worldwide. This is indicated by the provided context stating that the segment \"develops, produces, and markets commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.\"","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_03473","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2017 return on assets (ROA) for Coca Cola? ROA is defined as: FY2017 net income \/ (average total assets between FY2016 and FY2017). Round your answer to two decimal places. Give a response to the question by relying on the details shown in the balance sheet and the P&L statement.","gold_answer":0.01,"model_answer":"I'm sorry, but the information provided does not specify that the financial data is for Coca Cola. Additionally, the data provided does not include a specific P&L statement or balance sheet for Coca Cola. However, based on the information given, I can calculate the Return on Assets (ROA) for the fiscal year 2017 using the provided data.\n\nFor FY2017, the ROA is calculated as follows:\n\nNumerator: Consolidated net income for FY2017 = $14,293 million\nDenominator: Average total assets for FY2017 = ($199,203 million for FY2017 + $201,536 million for FY2016) \/ 2\n\nAverage total assets for FY2017 = ($199,203 + $201,536) \/ 2\nAverage total assets for FY2017 = $400,739 \/ 2\nAverage total assets for FY2017 = $200,369.5 million\n\nROA for FY2017 = Net income \/ Average total assets\nROA for FY2017 = $14,293 \/ $200,369.5\nROA for FY2017 = 0.0713 or 7.13%\n\nRounded to two decimal places, the ROA for FY2017 is 7.13%.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_02981","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Taking into account the information outlined in the income statement, what is the FY2019 - FY2021 3 year average unadjusted operating income % margin for Corning? Answer in units of percents and round to one decimal place.","gold_answer":0.103,"model_answer":"To calculate the 3-year average unadjusted operating income % margin for Corning for the fiscal years 2019, 2020, and 2021, we need to find the unadjusted operating income % margin for each of those years and then calculate the average.\n\nFrom the provided information, we have the following unadjusted operating income % margins:\n\n- FY2019: 14.9%\n- FY2020: 16.8%\n- FY2021: 17.3%\n\nNow, we calculate the average:\n\n(14.9% + 16.8% + 17.3%) \/ 3 = 49.0% \/ 3 = 16.3%\n\nTherefore, the 3-year average unadjusted operating income % margin for Corning for FY2019 - FY2021 is 16.3%, rounded to one decimal place.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_04854","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"According to the information provided in the statement of cash flows, what is the FY2020 free cash flow (FCF) for General Mills? FCF here is defined as: (cash from operations - capex). Answer in USD millions.","gold_answer":3215,"model_answer":"Based on the information provided, the FY2020 free cash flow (FCF) for General Mills is $11,575 million USD. This is calculated by taking the net cash provided by operating activities, which is $13,139 million, and subtracting the capital expenditures (capex), which are $1,564 million.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00651","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Is growth in JnJ's adjusted EPS expected to accelerate in FY2023?","gold_answer":"No, rate of growth in adjusted EPS is expected to decelerate slightly from 3.6% in FY2022 to 3.5% in FY2023.","model_answer":"Yes, growth in Johnson & Johnson's adjusted EPS is expected to accelerate in FY2023. According to the provided information, the adjusted operational EPS midpoint for January 2023 was $10.50, reflecting growth of 3.5%. However, by April 2023, the company increased its full-year guidance for adjusted operational EPS, indicating a change versus the prior year at the midpoint of 6.5%, which is an increase from the earlier projection. This suggests that Johnson & Johnson is expecting a higher growth rate in adjusted EPS for the fiscal year 2023 than initially forecasted.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_03849","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What is the FY2018 - FY2020 3 year average of capex as a % of revenue for MGM Resorts? Answer in units of percents and round to one decimal place. Please utilize information provided primarily within the statement of cash flows and the statement of income.","gold_answer":0.079,"model_answer":"To calculate the three-year average of capital expenditures (capex) as a percentage of revenue for MGM Resorts for the fiscal years 2018 to 2020, we need to find the total capex for those years and the total revenue for the same period. Then we will divide the total capex by the total revenue and multiply by 100 to get the percentage. Finally, we will average this percentage over the three years.\n\nFrom the provided information, we have the following capex for the years 2018, 2019, and 2020:\n\n2018: $1,486,843 (in thousands)\n2019: $1,864,082 (in thousands)\n2020: $2,262,473 (in thousands)\n\nTotal capex for 2018-2020 = $1,486,843k + $1,864,082k + $2,262,473k\n\nNow, we need the revenue for the same years. However, the revenue figures for 2018, 2019, and 2020 are not provided in the information given. Without the revenue figures, we cannot calculate the capex as a percentage of revenue or the three-year average of this percentage.\n\nTherefore, based on the information provided, I cannot calculate the FY2018 - FY2020 3-year average of capex as a percentage of revenue for MGM Resorts. Additional data on the company's revenue for these years is required to perform this calculation.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00382","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which region had the Highest EBITDAR Contribution for MGM during FY2022?","gold_answer":"Las Vegas resorts contributed ~90% of company level EBITDAR during FY2022.","model_answer":"Based on the provided context, the region with the highest EBITDAR contribution for MGM during FY2022 was the Regional Operations, with an Adjusted Property EBITDAR of $1.3 billion. MGM China, on the other hand, reported a loss of $203 million in Adjusted Property EBITDAR for the same period. Therefore, Regional Operations had the highest EBITDAR contribution for MGM in FY2022.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01163","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Among operations, investing, and financing activities, which brought in the most (or lost the least) cash flow for Nike in FY2023?","gold_answer":"Among the three, cash flow from operations was the highest for Nike in FY2023.","model_answer":"Based on the provided context, the most cash inflow for Nike in FY2023 came from investing activities, which resulted in an inflow of $564 million. The context does not provide specific figures for operations and financing activities for FY2023, so we cannot compare them directly. However, since the investing activities are reported as an inflow, it suggests that this category brought in the most cash or lost the least compared to the other activities for which specific FY2023 figures are not provided.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01009","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"What are the geographies that Pepsico primarily operates in as of FY2022?","gold_answer":"As of FY2022, Pepsico primarily operates in the following geographies: North America, Latin America, Europe, Africa, Middle East, South Asia, Asia Pacific, Australia, New Zealand and China.","model_answer":"Based on the provided context, PepsiCo operates in more than 200 countries and territories. The specific geographies are not listed in the provided text, but the statement that they serve customers and consumers in over 200 countries and territories indicates a global presence.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00283","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"How much does Pfizer expect to pay to spin off Upjohn in the future in USD million?","gold_answer":77.78,"model_answer":"Based on the provided context, Pfizer expects to incur costs of approximately $700 million in connection with separating Upjohn. As of December 31, 2022, approximately 85% of these costs have been incurred. To calculate the remaining costs that Pfizer expects to pay in the future, we need to determine what 85% of $700 million is and then subtract that amount from the total expected costs.\n\n85% of $700 million is $595 million (0.85 x $700 million).\n\nNow, subtract the incurred costs from the total expected costs:\n\n$700 million (total expected costs) - $595 million (incurred costs) = $105 million.\n\nTherefore, Pfizer expects to pay an additional $105 million in the future to complete the spin-off of Upjohn.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00746","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Which debt securities are registered to trade on a national securities exchange under Ulta Beauty's name as of FY2023?","gold_answer":"There are none","model_answer":"Based on the provided context, the debt securities registered to trade on a national securities exchange under Ulta Beauty's name as of FY2023 are:\n\n- 2.000% Notes due 2027\n- 3.050% Notes due 2029\n- 3.600% Notes due 2042\n\nThese notes are registered on the New York Stock Exchange LLC.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00859","model_name":"gpt-4-1106-preview","eval_mode":"sharedStore","temp":0.01,"question":"Among all of the derivative instruments that Verizon used to manage the exposure to fluctuations of foreign currencies exchange rates or interest rates, which one had the highest notional value in FY 2021?","gold_answer":"Cross currency swaps. Its notional value was $32,502 million.","model_answer":"Based on the provided evidence, the derivative instrument with the highest notional value in FY 2021 was foreign exchange contracts not designated as hedging instruments, with a notional value of $3,159 million as of December 31, 2021.","label":"Incorrect Answer"}