{"financebench_id":"financebench_id_03029","model_name":"gpt-4","eval_mode":"singleStore","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":"The text provided does not include specific information on the FY2018 capital expenditure amount for 3M in the cash flow statement.","label":"Refusal"}
{"financebench_id":"financebench_id_04672","model_name":"gpt-4","eval_mode":"singleStore","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":"The document does not provide the year end FY2018 net PPNE (Property, Plant, and Equipment) for 3M.","label":"Refusal"}
{"financebench_id":"financebench_id_01865","model_name":"gpt-4","eval_mode":"singleStore","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":"The Transportation and Electronics segment has dragged down 3M's overall growth in 2022. This is indicated by the decrease in sales in transportation safety and electronics, weaker consumer electronics end-market demand, and ongoing impacts of semiconductor supply chain constraints on automotive markets.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01226","model_name":"gpt-4","eval_mode":"singleStore","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":"The operating income margins for 3M decreased year-on-year as of FY2022. This was primarily due to increases in raw materials, logistics, and outsourced hardgoods manufacturing costs, manufacturing productivity impacts, and increased compensation and benefit costs. These factors more than offset the leverage from sales growth and benefits from restructuring actions and lower related charges. \n\nOperating margin is a useful metric for a company like 3M as it provides insight into how well the company is managing its operating costs relative to its revenue. It can indicate the efficiency of the company's operations and its pricing strategy. A decrease in operating margin could suggest that the company's costs are rising faster than its revenue, which could be a concern for investors.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00499","model_name":"gpt-4","eval_mode":"singleStore","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 FY2022 data, 3M appears to be a capital-intensive business. The company has invested significantly in property, plant, and equipment to drive growth across diverse markets and increase manufacturing efficiency. In 2022, 3M expended approximately $317 million on capital projects for environmental purposes. The company also plans to spend approximately $646 million for similar projects in 2023 and 2024. Furthermore, 3M invests in renewal and maintenance programs, growth initiatives, and other areas such as IT and laboratory facilities. These investments indicate that 3M requires a substantial amount of capital to operate and grow its business.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01858","model_name":"gpt-4","eval_mode":"singleStore","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 company has paid dividends since 1916 and marked the 65th consecutive year of dividend increases in 2023. In the first and second quarters of 2023, 3M's Board of Directors declared a dividend of $1.50 per share.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00807","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not include specific information about 3M's quick ratio for Q2 of FY2023. The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet short-term liabilities with its most liquid assets. Without specific numbers for the company's most liquid assets (cash, marketable securities, and accounts receivable) and current liabilities, it's not possible to calculate the quick ratio. However, the text does mention that 3M has a strong balance sheet and liquidity, which suggests a healthy financial condition.","label":"Refusal"}
{"financebench_id":"financebench_id_00941","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide information on which debt securities are registered to trade on a national securities exchange under 3M's name as of Q2 of 2023.","label":"Refusal"}
{"financebench_id":"financebench_id_07966","model_name":"gpt-4","eval_mode":"singleStore","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":"I'm sorry, but the information provided does not include specific details on capital expenditures (capex) for Activision Blizzard for the fiscal years 2017 to 2019. Therefore, I cannot calculate the 3-year average of capex as a percentage of revenue.","label":"Refusal"}
{"financebench_id":"financebench_id_02987","model_name":"gpt-4","eval_mode":"singleStore","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 FY2019 revenue or the property, plant, and equipment (PP&E) values for FY2018 and FY2019, which are necessary to calculate the fixed asset turnover ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_04735","model_name":"gpt-4","eval_mode":"singleStore","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 the information provided does not include the total current liabilities for Adobe in FY2015, which is needed to calculate the operating cash flow ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_07507","model_name":"gpt-4","eval_mode":"singleStore","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":"Operating income for Adobe in FY2016 was $1,493,602 (in thousands) and in FY2015 it was $903,095 (in thousands). The year-over-year change in operating income can be calculated as follows:\n\n((Operating income in FY2016 - Operating income in FY2015) \/ Operating income in FY2015) * 100%\n\n= (($1,493,602 - $903,095) \/ $903,095) * 100%\n\n= ($590,507 \/ $903,095) * 100%\n\n= 65.4% \n\nSo, Adobe's year-over-year change in unadjusted operating income from FY2015 to FY2016 was 65.4%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03856","model_name":"gpt-4","eval_mode":"singleStore","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":"I'm sorry, but the information provided does not include the total current liabilities for Adobe in FY2017, which is necessary to calculate the operating cash flow ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_00438","model_name":"gpt-4","eval_mode":"singleStore","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":"The operating margin can be calculated by dividing the operating income by the total revenue. From the provided information, we can calculate the operating margins for the years 2020, 2021, and 2022.\n\nFor 2020, the operating margin is $4,237 million \/ $12,868 million = 32.9%\nFor 2021, the operating margin is $5,802 million \/ $15,785 million = 36.7%\nFor 2022, the operating margin is $6,098 million \/ $17,606 million = 34.6%\n\nFrom these calculations, we can see that the operating margin increased from 2020 to 2021, but then slightly decreased in 2022. Therefore, as of FY2022, Adobe does not have an improving operating margin profile. \n\nOperating margin is a useful metric for a company like Adobe as it provides insight into how efficiently the company is operating, how well it is controlling its costs, and how profitable its core business is before non-operating income and expenses are considered.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00591","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain sufficient information to determine whether Adobe has an improving free cash flow conversion as of FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_10420","model_name":"gpt-4","eval_mode":"singleStore","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 needed to calculate the Return on Assets (ROA).","label":"Refusal"}
{"financebench_id":"financebench_id_00540","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not include specific information about the AES Corporation's inventory or cost of goods sold for FY2022, which are needed to calculate the inventory turnover ratio. Therefore, I cannot provide the inventory turnover ratio for the AES Corporation for FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_01319","model_name":"gpt-4","eval_mode":"singleStore","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":"The documents provided do not explicitly outline any restructuring costs for AES Corporation's income statements for FY2022. Therefore, the restructuring costs for FY2022 are 0.","label":"Correct Answer"}
{"financebench_id":"financebench_id_08135","model_name":"gpt-4","eval_mode":"singleStore","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":"Total net sales for Amazon in 2016 were $135,987 million and in 2017 were $177,866 million. The year-over-year change in revenue from FY2016 to FY2017 can be calculated as follows:\n\n((177,866 - 135,987) \/ 135,987) * 100 = 30.8%\n\nSo, Amazon's year-over-year change in revenue from FY2016 to FY2017 was 30.8%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_06655","model_name":"gpt-4","eval_mode":"singleStore","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 the information provided does not include the specific details needed to calculate Amazon's FY2017 days payable outstanding (DPO). The necessary details such as average accounts payable between FY2016 and FY2017, FY2017 COGS (Cost of Goods Sold), and change in inventory between FY2016 and FY2017 are not provided in the given context.","label":"Refusal"}
{"financebench_id":"financebench_id_08286","model_name":"gpt-4","eval_mode":"singleStore","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":"The net income for Amazon in FY2019 was $11,588 million. The document does not specify how much of this is attributable to shareholders.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03882","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided information does not include details on Amcor's year end FY2020 net Accounts Receivable (AR). As a financial analyst, I would need to see the specific line item for Accounts Receivable on the balance sheet to provide this information.","label":"Refusal"}
{"financebench_id":"financebench_id_01935","model_name":"gpt-4","eval_mode":"singleStore","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":"The key agenda of the AMCOR's 8-K filing dated 1st July 2022 was to report that on June 30, 2022, Amcor Finance (USA), Inc. (the \u201cFormer Issuer\u201d) and Amcor Flexibles North America, Inc. (the \u201cSubstitute Issuer\u201d), each a wholly-owned subsidiary of Amcor plc (the \u201cCompany\u201d), entered into a Second Supplemental Indenture and a First Supplemental Indenture with Deutsche Bank Trust Company Americas, as trustee (the \u201cTrustee\u201d), governing the Former Issuer\u2019s 3.625% Guaranteed Senior Notes due 2026 and 4.500% Guaranteed Senior Notes due 2028.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01936","model_name":"gpt-4","eval_mode":"singleStore","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":"I'm sorry, but the information provided does not include details about AMCOR's restructuring liability as of Q2 of FY2023 close.","label":"Refusal"}
{"financebench_id":"financebench_id_01930","model_name":"gpt-4","eval_mode":"singleStore","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":"Net sales for the Amcor Group in FY 2023 were $14,694 million, which was in line with the prior year on a comparable constant currency basis. This means that after excluding the impact of foreign exchange movements, pass-through costs, and one-off items, there was no real change in sales for Amcor in FY 2023 compared to FY 2022.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01928","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide specific information on Amcor's Adjusted Non-GAAP EBITDA for FY 2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00799","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided context does not include information on Amcor's quick ratio for fiscal years 2022 or 2023. The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet its short-term liabilities with its most liquid assets. It's a common financial metric used by analysts to assess a company's financial health. However, without specific data on the company's current liabilities and most liquid assets, it's not possible to determine whether the quick ratio has improved or declined.","label":"Refusal"}
{"financebench_id":"financebench_id_01079","model_name":"gpt-4","eval_mode":"singleStore","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":"The document only provides information about an acquisition made by Amcor in fiscal year 2023. On August 10, 2023, Amcor signed an agreement to acquire a small manufacturer of flexible packaging for food, home care, and personal care applications in India. This acquisition is intended to complement Amcor\u2019s existing flexible packaging footprint in India and enable local production of a broader range of sustainable packaging solutions. The document does not provide information about any acquisitions in fiscal years 2022 or 2021.","label":"Refusal"}
{"financebench_id":"financebench_id_01148","model_name":"gpt-4","eval_mode":"singleStore","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. They are a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00684","model_name":"gpt-4","eval_mode":"singleStore","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 information, Amcor's gross margin profile does not appear to be improving as of FY2023. The gross profit as a percentage of net sales decreased from 19.4% in FY2022 to 18.5% in FY2023. This suggests that the company's cost of sales relative to its net sales has increased, which has resulted in a lower gross margin.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03069","model_name":"gpt-4","eval_mode":"singleStore","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":"The depreciation and amortization for FY2015 is $167 million. The net revenue for the same year is $3,991 million. To calculate the depreciation and amortization % margin, we divide the depreciation and amortization by the net revenue and multiply by 100. \n\nSo, the calculation would be (167 \/ 3,991) * 100 = 4.19%. \n\nTherefore, the FY2015 depreciation and amortization % margin for AMD is 4.19%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00917","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain specific information on what drove the operating margin change for Advanced Micro Devices, Inc. (AMD) for the fiscal year 2022.","label":"Refusal"}
{"financebench_id":"financebench_id_01198","model_name":"gpt-4","eval_mode":"singleStore","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 change in AMD's revenue in FY22 was primarily driven by a decrease in unit shipments and an increase in average selling price. The unit shipments decreased by 24% due to challenging PC market conditions and significant inventory correction across the PC supply chain experienced during the second half of 2022. However, this was partially offset by a 19% increase in average selling price, which was primarily driven by a richer mix of Ryzen mobile processor sales. Additionally, the strategic acquisition of Xilinx, Inc. in February 2022 expanded AMD's technology and product portfolio, providing access to new markets and customers, which further strengthened and diversified their business model.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00757","model_name":"gpt-4","eval_mode":"singleStore","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":"One customer accounted for 16% of our consolidated net revenue for the year ended December 31, 2022. Sales to this customer consisted of sales of products from our Gaming segment. A loss of this customer would have a material adverse effect on our business.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01279","model_name":"gpt-4","eval_mode":"singleStore","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":"Net cash provided by operating activities was $3.6 billion in 2022. Net cash provided by investing activities was $2 billion in 2022. The document does not provide specific information on the net cash from financing activities in 2022. Therefore, among operations and investing activities, operating activities brought in the most cash flow for AMD in FY22.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00563","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide specific information on which AMD reporting segment, excluding Embedded, had the most proportional increase in sales from FY21 to FY22.","label":"Refusal"}
{"financebench_id":"financebench_id_00222","model_name":"gpt-4","eval_mode":"singleStore","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":"The documents provided do not contain enough information to calculate AMD's quick ratio for FY22. The quick ratio is calculated as (Cash + Marketable Securities + Accounts Receivable) \/ Current Liabilities. While the documents provide some of these figures, it does not provide a figure for Marketable Securities. Therefore, it's not possible to calculate the quick ratio and assess AMD's liquidity profile based on the information provided.","label":"Refusal"}
{"financebench_id":"financebench_id_00995","model_name":"gpt-4","eval_mode":"singleStore","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":"Advanced Micro Devices, Inc. (AMD) is a global semiconductor company. As of FY22, AMD's products include x86 microprocessors (CPUs) and graphics processing units (GPUs), either as standalone devices or incorporated into accelerated processing units (APUs), chipsets, data center and professional GPUs, and embedded processors. They also offer semi-custom System-on-Chip (SoC) products, microprocessor and SoC development services and technology, data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive SoC products. Additionally, AMD may sell or license portions of its intellectual property (IP) portfolio. In 2022, AMD also expanded its product portfolio to include adaptable hardware platforms through the acquisition of Xilinx, Inc. This acquisition enabled AMD to offer hardware acceleration and rapid innovation across various technologies and established AMD in multiple embedded markets.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01964","model_name":"gpt-4","eval_mode":"singleStore","temp":0.01,"question":"What was the largest liability in American Express's Balance Sheet in 2022?","gold_answer":"Customer deposits","model_answer":"I'm sorry, but the provided context does not contain specific information about the largest liability in American Express's Balance Sheet in 2022.","label":"Refusal"}
{"financebench_id":"financebench_id_01981","model_name":"gpt-4","eval_mode":"singleStore","temp":0.01,"question":"Was American Express able to retain card members during 2022?","gold_answer":"Yes","model_answer":"The text does not provide specific information on whether American Express was able to retain card members during 2022.","label":"Refusal"}
{"financebench_id":"financebench_id_00720","model_name":"gpt-4","eval_mode":"singleStore","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 give specific information about the gross margin change for American Express in FY2022. However, it's important to note that gross margin might not be the most relevant metric for a financial services company like American Express. This is because gross margin is typically used in industries that sell physical goods, where it's calculated as sales revenue minus cost of goods sold, divided by sales revenue. For a company like American Express, key financial metrics would typically include net income, revenue growth, and various credit and capital ratios.","label":"Refusal"}
{"financebench_id":"financebench_id_00723","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not include specific information about American Express's (AMEX) operating margin profile for 2022. Operating margin is a useful metric for many companies, including AMEX, as it can provide insights into how well a company is managing its operating costs relative to its revenue. However, without specific data on AMEX's operating costs and revenues for 2022, it's not possible to determine whether its operating margin profile improved during that year.","label":"Refusal"}
{"financebench_id":"financebench_id_01028","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide specific geographies where American Express primarily operates as of 2022. However, it mentions that American Express has relationships with third-party banks and other institutions in approximately 103 countries and territories.","label":"Refusal"}
{"financebench_id":"financebench_id_00476","model_name":"gpt-4","eval_mode":"singleStore","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":"The document states that the Common Shares (par value $0.20 per Share) with the trading symbol AXP are registered to trade on the New York Stock Exchange under American Express' name as of 2022.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01351","model_name":"gpt-4","eval_mode":"singleStore","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 was 24.6 percent in 2021 and 21.6 percent in 2022. Therefore, the effective tax rate decreased by 3 percentage points between FY2021 and FY2022.","label":"Correct Answer"}
{"financebench_id":"financebench_id_05718","model_name":"gpt-4","eval_mode":"singleStore","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":"I'm sorry, but the information provided does not include details on cash dividends paid by American Water Works Company, Inc. for FY2020. This information might be found in the statement of cash flows or the notes to the financial statements, but it is not included in the provided context.","label":"Refusal"}
{"financebench_id":"financebench_id_04254","model_name":"gpt-4","eval_mode":"singleStore","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":"From the Consolidated Statements of Operations, the operating income for American Water Works for the year ended December 31, 2021, is $1,196 million. From the Consolidated Statements of Cash Flows, the depreciation and amortization for the same period is $636 million. Therefore, the unadjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for FY2021 is $1,196 million + $636 million = $1,832 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00070","model_name":"gpt-4","eval_mode":"singleStore","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":"Working capital is calculated as current assets minus current liabilities. Based on the FY2022 data provided:\n\nCurrent assets total: $1,250 million\nCurrent liabilities total: $1,175 (short-term debt) + $281 (current portion of long-term debt) + $254 (accounts payable) + $706 (accrued liabilities) + $49 (accrued taxes) + $91 (accrued interest) = $2,556 million\n\nSo, the working capital for American Water Works Company in FY2022 is $1,250 million - $2,556 million = -$1,306 million.\n\nTherefore, American Water Works does not have positive working capital based on FY2022 data; it has negative working capital. This means that the company has more current liabilities than current assets. This could indicate potential short-term liquidity problems, but it's not necessarily a bad sign if the company can generate enough cash to cover its short-term obligations.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_02608","model_name":"gpt-4","eval_mode":"singleStore","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 details to calculate the 3 year average net profit margin for Best Buy from FY2015 to FY2017. To calculate the net profit margin, we would need the net income and total revenue for each of those years, but the provided text only includes specific details for FY2016 and FY2017, and does not provide the total revenue or net income for FY2015.","label":"Refusal"}
{"financebench_id":"financebench_id_04417","model_name":"gpt-4","eval_mode":"singleStore","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":"The year-end FY2019 total amount of inventories for Best Buy is $5,409 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01077","model_name":"gpt-4","eval_mode":"singleStore","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":"The report only mentions one acquisition made by Best Buy. On November 4, 2021, Best Buy acquired assets for a net cash consideration of $79 million. The acquisition was aimed at expanding their assortment in categories like outdoor living. The report does not provide information on any other acquisitions in FY2023, FY2022, or FY2021.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_01275","model_name":"gpt-4","eval_mode":"singleStore","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":"The most cash flow for Best Buy in FY2023 came from operating activities, which provided a total of $1,824 million. Investing activities used $962 million, and financing activities used $1,806 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00685","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain specific information about the historical consistency of Best Buy's gross margins or whether they fluctuate more than roughly 2% each year.","label":"Refusal"}
{"financebench_id":"financebench_id_01902","model_name":"gpt-4","eval_mode":"singleStore","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":"The product category that performed the best in the domestic (USA) market during Q2 of FY2024 was Computing and Mobile Phones, with a revenue mix of 41%.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00288","model_name":"gpt-4","eval_mode":"singleStore","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":"Yes, there was a drop in Cash & Cash equivalents between FY 2023 and Q2 of FY2024. The cash and cash equivalents were $1,874 million on January 28, 2023, and decreased to $1,093 million by July 29, 2023.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00460","model_name":"gpt-4","eval_mode":"singleStore","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":"In the second quarter of fiscal 2024, the number of Best Buy stores increased from 908 at the beginning of the quarter to 907 at the end of the quarter. In the second quarter of fiscal 2023, the number of Best Buy stores increased from 931 at the beginning of the quarter to 930 at the end of the quarter. Therefore, there was a decrease in the number of Best Buy stores between Q2 of FY2024 and FY2023.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_04660","model_name":"gpt-4","eval_mode":"singleStore","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":"The total current assets for FY2016 are $1,001,425 (in thousands). The total current liabilities can be calculated by adding up the following: Accounts payable ($12,602), Customers payable ($388,058), Customer funds obligation ($43,574), Accrued transaction losses ($20,064), and Accrued expenses ($39,543). This gives a total current liabilities of $503,841 (in thousands). \n\nThe working capital ratio is then calculated as total current assets divided by total current liabilities, which is $1,001,425 \/ $503,841 = 1.987. \n\nSo, the working capital ratio for Block (formerly known as Square) for FY2016 is 1.99 (rounded to two decimal places).","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_07661","model_name":"gpt-4","eval_mode":"singleStore","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":"Block (formerly known as Square) generated $381.6 million in cash flow from operating activities in FY2020.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03838","model_name":"gpt-4","eval_mode":"singleStore","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":"The total net revenue for Square in FY2019 was $4,713,500,000 and in FY2020 it was $9,497,578,000. \n\nThe growth rate can be calculated as follows: \n\n((FY2020 revenue - FY2019 revenue) \/ FY2019 revenue) * 100\n\nSo, ((9,497,578 - 4,713,500) \/ 4,713,500) * 100 = 101.4%\n\nTherefore, the FY2019 - FY2020 total revenue growth rate for Block (formerly known as Square) is 101.4%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_10285","model_name":"gpt-4","eval_mode":"singleStore","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":"The year-end FY2018 net property, plant, and equipment for Boeing is $12,645 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01091","model_name":"gpt-4","eval_mode":"singleStore","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":"Multiple legal actions have been filed against Boeing as a result of the October 29, 2018 accident of Lion Air Flight 610 and the March 10, 2019 accident of Ethiopian Airlines Flight 302. During 2021, Boeing entered into a Deferred Prosecution Agreement with the U.S. Department of Justice that resolved the Department of Justice\u2019s previously disclosed investigation into Boeing regarding the evaluation of the 737 MAX.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01290","model_name":"gpt-4","eval_mode":"singleStore","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":"Boeing's primary customers are the commercial airline industry worldwide, with 70% of Commercial Airplanes\u2019 total backlog, in dollar terms, being with non-U.S. airlines. Chinese customers represent a key component of Boeing's commercial aircraft backlog. In the Global Services segment, the U.S. government is a major customer.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00464","model_name":"gpt-4","eval_mode":"singleStore","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":"The airline industry, which Boeing is a part of, has been described as cyclical and very competitive. However, no material portion of Boeing's business is considered to be seasonal.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00517","model_name":"gpt-4","eval_mode":"singleStore","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":"In 2022, the following product categories represented more than 20% of Boeing's total revenue:\n\n1. Commercial Airplanes: $25,867 million\n2. Defense, Space & Security: $23,162 million\n3. Global Services: $17,611 million\n\nThe total revenue for Boeing in 2022 was $66,608 million. Therefore, each of these categories individually accounted for more than 20% of the total revenue.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00494","model_name":"gpt-4","eval_mode":"singleStore","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":"The 787 program is currently producing at low rates and Boeing expects to gradually increase to 5 per month in 2023. Production of the 777X is currently paused and is expected to resume in 2023. The 737 program plans to gradually increase production rates based on market demand and supply chain capacity.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00585","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide specific information on Boeing's effective tax rate for FY2022 and FY2021.","label":"Refusal"}
{"financebench_id":"financebench_id_00678","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided documents do not explicitly state the gross margin for Boeing for FY2022 or any other year. Gross margin is typically calculated as (Revenue - Cost of Goods Sold) \/ Revenue. However, the documents provide information on total revenues and total costs, but do not break down the costs into Cost of Goods Sold and other expenses, which would be necessary to calculate the gross margin. Therefore, it's not possible to determine from the provided information whether Boeing's gross margin profile improved in FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_03473","model_name":"gpt-4","eval_mode":"singleStore","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":"The FY2017 net income for Coca-Cola is $1,248 million (from the \"Net income attributable to shareowners of The Coca-Cola Company\" section for 2017). The total assets for FY2016 and FY2017 are $87,270 million and $87,896 million respectively (from the \"Total assets\" section). \n\nTo calculate the average total assets between FY2016 and FY2017, we add the two figures and divide by 2: \n\n($87,270 million + $87,896 million) \/ 2 = $87,583 million\n\nThen, we can calculate the ROA as follows:\n\nROA = FY2017 net income \/ average total assets between FY2016 and FY2017\n\nROA = $1,248 million \/ $87,583 million = 0.0142 or 1.42% when expressed as a percentage.","label":"Correct Answer"}
{"financebench_id":"financebench_id_09724","model_name":"gpt-4","eval_mode":"singleStore","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":"The Cost of Goods Sold (COGS) for Coca Cola in FY2021 was $15,357 million and the Net Operating Revenues were $38,655 million. \n\nTo calculate the COGS % margin, you divide the COGS by the Net Operating Revenues and multiply by 100. \n\nSo, the COGS % margin for Coca Cola in FY2021 is (15,357 \/ 38,655) * 100 = 39.73%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_06272","model_name":"gpt-4","eval_mode":"singleStore","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":"The relevant evidence to answer the question is:\n\nNet income attributable to shareowners of The Coca-Cola Company for 2022: $9,542 million\n\nDividends (per share \u2014 $1.76 in 2022)\n\nHowever, the total cash dividends paid in 2022 is not clearly displayed in the provided information. Therefore, it's not possible to calculate the dividend payout ratio for Coca Cola's FY2022 with the given information.","label":"Refusal"}
{"financebench_id":"financebench_id_10130","model_name":"gpt-4","eval_mode":"singleStore","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 all the necessary details such as average accounts payable between FY2019 and FY2020, FY2020 COGS (Cost of Goods Sold), and change in inventory between FY2019 and FY2020 to calculate the Days Payable Outstanding (DPO) for Corning in FY2020.","label":"Refusal"}
{"financebench_id":"financebench_id_02981","model_name":"gpt-4","eval_mode":"singleStore","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":"Operating income for the years ended December 31:\n\n2021: $2,112 million\n2020: $509 million\n2019: $1,306 million\n\nNet sales for the years ended December 31:\n\n2021: $14,082 million\n2020: $11,303 million\n2019: $11,503 million\n\nOperating income % margin is calculated as (Operating income \/ Net sales) * 100\n\nFor 2021: (2,112 \/ 14,082) * 100 = 15.0%\nFor 2020: (509 \/ 11,303) * 100 = 4.5%\nFor 2019: (1,306 \/ 11,503) * 100 = 11.4%\n\nThe 3-year average unadjusted operating income % margin is calculated as (15.0% + 4.5% + 11.4%) \/ 3 = 10.3%","label":"Correct Answer"}
{"financebench_id":"financebench_id_00005","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided context does not include information on Corning's working capital for FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_01346","model_name":"gpt-4","eval_mode":"singleStore","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":"The effective tax rate for Corning Incorporated was 20.2% in FY2021 and 16% in FY2022. Therefore, the effective tax rate decreased by 4.2% between FY2021 and FY2022.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_04209","model_name":"gpt-4","eval_mode":"singleStore","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":"The total assets of Costco at the end of FY2021 were $59,268 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_05915","model_name":"gpt-4","eval_mode":"singleStore","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 the information provided does not include the necessary details about Property, Plant, and Equipment (PP&E) for CVS Health in 2017 and 2018. Therefore, I cannot calculate the fixed asset turnover ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_01244","model_name":"gpt-4","eval_mode":"singleStore","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":"During 2022, 2021 and 2020, the quarterly cash dividend was $0.55, $0.50 and $0.50 per share, respectively. CVS Health Corporation has paid cash dividends every quarter since becoming a public company.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01107","model_name":"gpt-4","eval_mode":"singleStore","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 several materially important ongoing legal battles from 2022, 2021, and 2020. These include:\n\n1. In November 2021, the Company was found liable by a jury in a trial in federal court in Ohio related to opioids. The court issued a judgment against the three defendants in the amount of $651 million to be paid over 15 years. The Company 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 Company has received subpoenas, CIDs, and\/or other requests for information regarding opioids from state Attorneys General and insurance and other regulators of several U.S. jurisdictions.\n\n4. The Company is named as a defendant in a number of lawsuits and is subject to a number of investigations concerning its prescription processing practices.\n\n5. In January 2022, the DOJ served the Company with a CID regarding potential violations of the federal Controlled Substances Act and the federal False Claims Act. The Company is providing documents and information in response to these matters.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00790","model_name":"gpt-4","eval_mode":"singleStore","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 provided context does not contain specific information about CVS Health's capital intensity for FY2022. Capital intensity is typically determined by comparing a company's total assets to its total sales, or by comparing its capital expenditures to its labor expenses, and such information is not provided in the given context.","label":"Refusal"}
{"financebench_id":"financebench_id_00822","model_name":"gpt-4","eval_mode":"singleStore","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":"Yes, Richard A. Johnson had substantially more votes against joining the board than the other nominees, with a total of 16,105,005 votes against.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00839","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide specific information on whether Mary N. Dillon, the new CEO of Foot Locker, has previous CEO experience in a similar company to Footlocker.","label":"Refusal"}
{"financebench_id":"financebench_id_04103","model_name":"gpt-4","eval_mode":"singleStore","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'm sorry, but the information provided does not include the necessary details such as inventory, accounts receivable, accounts payable, COGS (Cost of Goods Sold), and revenue for FY2018 and FY2019. Therefore, I cannot calculate the Cash Conversion Cycle (CCC) for General Mills for FY2019.","label":"Refusal"}
{"financebench_id":"financebench_id_03471","model_name":"gpt-4","eval_mode":"singleStore","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":"Total current assets for FY2020: $5,121.3 million\nTotal current liabilities for FY2020: $7,491.5 million\n\nWorking capital ratio = Total current assets \/ Total current liabilities = $5,121.3 million \/ $7,491.5 million = 0.6836\n\nRounded to two decimal places, General Mills's FY2020 working capital ratio is 0.68.","label":"Correct Answer"}
{"financebench_id":"financebench_id_04854","model_name":"gpt-4","eval_mode":"singleStore","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":"The document does not provide specific information on the free cash flow (FCF) for General Mills in FY2020. The necessary information to calculate FCF, specifically capital expenditures (capex), is not provided in the given text.","label":"Refusal"}
{"financebench_id":"financebench_id_10136","model_name":"gpt-4","eval_mode":"singleStore","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":"I'm sorry, but I can't provide the answer you're looking for because the total cash dividends paid for FY2022 is not provided in the given context.","label":"Refusal"}
{"financebench_id":"financebench_id_00651","model_name":"gpt-4","eval_mode":"singleStore","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":"The full-year 2023 guidance provided by Johnson & Johnson indicates that the adjusted operational EPS (Earnings Per Share) is expected to be between $10.40 and $10.60, with a mid-point of $10.50. This represents a change of 2.5% to 4.5% from the previous year, with a mid-point of 3.5%. Therefore, it does not appear that the growth in Johnson & Johnson's adjusted EPS is expected to accelerate in FY2023.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01484","model_name":"gpt-4","eval_mode":"singleStore","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":"The sales growth for Johnson & Johnson in the U.S. for FY2022 was 3.0%, as per the sales to customers by geographic area data. On the other hand, the international sales saw a decrease of 11.5% in the same period.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00956","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided context does not contain specific information about Johnson & Johnson's financial performance for FY2022, such as revenue growth, net income, or other financial metrics typically used to evaluate whether a company is considered high growth. Therefore, I cannot determine if JnJ's FY2022 financials are that of a high growth company.","label":"Refusal"}
{"financebench_id":"financebench_id_00669","model_name":"gpt-4","eval_mode":"singleStore","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":"The text provided does not give specific details on what drove the gross margin change for Johnson & Johnson in FY2022. Gross margin is calculated as sales minus the cost of goods sold, and can be influenced by factors such as changes in production costs, pricing strategies, and product mix. However, without specific information on these factors for Johnson & Johnson in FY2022, it's not possible to determine what drove the change in gross margin.","label":"Refusal"}
{"financebench_id":"financebench_id_00711","model_name":"gpt-4","eval_mode":"singleStore","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 I can't calculate the inventory turnover ratio for FY2022 because the cost of goods sold (COGS) for that year is not provided in the context. The inventory turnover ratio is typically calculated by dividing COGS by the average inventory for the year. Without the COGS, it's not possible to calculate this ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_01487","model_name":"gpt-4","eval_mode":"singleStore","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 information does not include specific details about Johnson & Johnson's net earnings as a percent of sales for Q2 of FY2023 compared to Q2 of FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_01488","model_name":"gpt-4","eval_mode":"singleStore","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":"Johnson & Johnson will present its Consumer Health business financial results as discontinued operations from August 30, 2023 onward. This is due to the completion of an exchange offer to finalize the separation of Kenvue Inc., formerly Johnson & Johnson\u2019s Consumer Health business.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01490","model_name":"gpt-4","eval_mode":"singleStore","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":"As a result of the completion of the exchange offer, Johnson & Johnson will now present its Consumer Health business financial results as discontinued operations, including a gain of approximately $20 billion in the third quarter of 2023.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01491","model_name":"gpt-4","eval_mode":"singleStore","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":"Johnson & Johnson secured $13.2 billion in cash proceeds from the Kenvue debt offering and initial public offering.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00299","model_name":"gpt-4","eval_mode":"singleStore","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 the documents provided do not contain specific information on the net revenue of JPM's individual business segments for Q1 2021.","label":"Refusal"}
{"financebench_id":"financebench_id_02119","model_name":"gpt-4","eval_mode":"singleStore","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":"The document provides that JPMorgan Chase had $3.7 trillion in assets and $280.7 billion in stockholders\u2019 equity as of March 31, 2021. However, the exact amount each shareholder would receive if JPMorgan Chase were to liquidate all its assets cannot be determined from the provided information. This is because the amount each shareholder would receive depends on the number of shares they hold, and the document does not provide information on the total number of outstanding shares. Additionally, in a liquidation scenario, all debts and obligations of the company would need to be paid before any remaining assets are distributed to shareholders. The document does not provide sufficient information on JPMorgan Chase's liabilities.","label":"Refusal"}
{"financebench_id":"financebench_id_00394","model_name":"gpt-4","eval_mode":"singleStore","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":"The document provided does not contain specific information on the net income of JPM's business segments for 2022 Q2.","label":"Refusal"}
{"financebench_id":"financebench_id_00206","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain information about JPMorgan Chase & Co.'s gross margins or their historical consistency. However, it's important to note that gross margin is a metric more commonly used in industries that deal with physical goods, like manufacturing or retail, as it measures the difference between revenue and cost of goods sold. For a financial services company like JPMorgan Chase, other metrics such as net interest margin, return on assets, or return on equity might be more relevant to assess financial performance.","label":"Refusal"}
{"financebench_id":"financebench_id_02049","model_name":"gpt-4","eval_mode":"singleStore","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":"Year over year results\nAverage total VaR decreased by $7 million for the three \nmonths ended June 30, 2023, compared with the same \nperiod in the prior year predominantly driven by risk \nreductions impacting Credit Portfolio VaR as well as fixed \nincome.","label":"Correct Answer"}
{"financebench_id":"financebench_id_10499","model_name":"gpt-4","eval_mode":"singleStore","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":"The cost of goods sold (COGS) for FY2019 is $16,830 million as per the Consolidated Statements of Income. The inventory for FY2018 is $2,667 million and for FY2019 is $2,721 million as per the Consolidated Balance Sheets. \n\nThe average inventory between FY2018 and FY2019 is calculated as: (FY2018 inventory + FY2019 inventory) \/ 2 = ($2,667 million + $2,721 million) \/ 2 = $2,694 million.\n\nTherefore, the inventory turnover ratio for FY2019 is: FY2019 COGS \/ Average inventory = $16,830 million \/ $2,694 million = 6.24 (rounded to two decimal places).","label":"Correct Answer"}
{"financebench_id":"financebench_id_04412","model_name":"gpt-4","eval_mode":"singleStore","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 I can't provide the answer because the FY2020 revenue for Lockheed Martin is not provided in the context given.","label":"Refusal"}
{"financebench_id":"financebench_id_03031","model_name":"gpt-4","eval_mode":"singleStore","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":"From the Consolidated Balance Sheets for Lockheed Martin Corporation, the total current assets for FY2021 are $19,815 million. The total current liabilities for the same period are $13,997 million. \n\nNet working capital is defined as total current assets less total current liabilities. \n\nSo, the net working capital for Lockheed Martin in FY2021 is $19,815 million - $13,997 million = $5,818 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03718","model_name":"gpt-4","eval_mode":"singleStore","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":"Years Ended December 31,\n2022\n2021\n2020\nTotal net sales\n \n65,984  \n67,044  \n65,398","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_04171","model_name":"gpt-4","eval_mode":"singleStore","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":"The year-end FY2018 amount of accounts payable for MGM Resorts is $302,578 in thousands, which is equivalent to $302.578 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03849","model_name":"gpt-4","eval_mode":"singleStore","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":"The relevant information provided includes:\n\n- In 2020, MGM Resorts made capital expenditures of $271 million and had revenues of $5,162,082 thousand.\n- In 2019, MGM Resorts made capital expenditures of $739 million and had revenues of $12,899,672 thousand.\n- The 2018 revenue was $11,763,096 thousand, but the capital expenditure for 2018 is not provided.\n\nWithout the capital expenditure for 2018, it's not possible to calculate the 3-year average of capex as a % of revenue for MGM Resorts.","label":"Refusal"}
{"financebench_id":"financebench_id_00382","model_name":"gpt-4","eval_mode":"singleStore","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":"The region with the highest Adjusted Property EBITDAR contribution for MGM during FY2022 was the Las Vegas Strip Resorts, with an EBITDAR of $3.1 billion.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01912","model_name":"gpt-4","eval_mode":"singleStore","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":"MGM China had the worst topline performance for MGM during FY2022, with net revenues of $674 million in the current year compared to $1.2 billion in the prior year, a decrease of 44%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01911","model_name":"gpt-4","eval_mode":"singleStore","temp":0.01,"question":"What was MGM's interest coverage ratio using FY2022 Adjusted EBIT as the numerator and annual Interest Expense as the denominator?","gold_answer":"As adjusted EBIT is negative, coverage ratio is zero","model_answer":"I'm sorry, but the documents provided do not contain the necessary information to calculate MGM's interest coverage ratio for FY2022. The interest coverage ratio requires the Earnings Before Interest and Taxes (EBIT), but the documents only provide information on Adjusted EBITDAR and net income, not EBIT.","label":"Refusal"}
{"financebench_id":"financebench_id_01254","model_name":"gpt-4","eval_mode":"singleStore","temp":0.01,"question":"Has MGM Resorts paid dividends to common shareholders in FY2022?","gold_answer":"Yes. MGM maintained 0.01$ per share annual dividend through out FY 2022.","model_answer":"\"We maintained an annual dividend of $0.01 per share throughout 2022.\"","label":"Correct Answer"}
{"financebench_id":"financebench_id_00407","model_name":"gpt-4","eval_mode":"singleStore","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":"The type of debt that received the largest investment among the short-term investments for MGM in H1 FY2023 was Corporate bonds, with a value of $416,420 in thousands.","label":"Correct Answer"}
{"financebench_id":"financebench_id_04700","model_name":"gpt-4","eval_mode":"singleStore","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 provided context does not include information on the Cost of Goods Sold (COGS) for Microsoft for the fiscal year 2016.","label":"Refusal"}
{"financebench_id":"financebench_id_00552","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain information about Microsoft's debt on its balance sheet for the FY2023 and FY2022 period.","label":"Refusal"}
{"financebench_id":"financebench_id_04458","model_name":"gpt-4","eval_mode":"singleStore","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":"To calculate the unadjusted EBITDA % margin, we first need to calculate the unadjusted EBITDA. \n\nFrom the statement of operations, we know that the operating income for 2015 was $305,826 (in thousands). \n\nFrom the statement of cash flows, we can find the depreciation and amortization. This includes the amortization of streaming content assets ($3,405,382 in thousands), amortization of DVD content assets ($79,380 in thousands), and depreciation and amortization of property, equipment and intangibles ($62,283 in thousands). \n\nAdding these together, we get:\n\nDepreciation and Amortization = $3,405,382 + $79,380 + $62,283 = $3,547,045 (in thousands)\n\nNow we can calculate unadjusted EBITDA:\n\nUnadjusted EBITDA = Operating Income + Depreciation and Amortization\n= $305,826 + $3,547,045 = $3,852,871 (in thousands)\n\nFinally, to calculate the unadjusted EBITDA % margin, we divide the unadjusted EBITDA by the total revenues and multiply by 100. The total revenues for 2015 were $6,779,511 (in thousands).\n\nUnadjusted EBITDA % Margin = (Unadjusted EBITDA \/ Total Revenues) * 100\n= ($3,852,871 \/ $6,779,511) * 100 = 56.84%\n\nSo, the FY2015 unadjusted EBITDA % margin for Netflix is 56.84%.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_03282","model_name":"gpt-4","eval_mode":"singleStore","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":"The total current liabilities of Netflix at the end of FY2017 is $5,466,312,000 or $5,466.312 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_04302","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide sufficient information to calculate the three year average of cost of goods sold as a % of revenue for Nike from FY2016 to FY2018.","label":"Refusal"}
{"financebench_id":"financebench_id_03531","model_name":"gpt-4","eval_mode":"singleStore","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":"Total current assets for Nike at the end of FY2019 were $16,525 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_04080","model_name":"gpt-4","eval_mode":"singleStore","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 the information provided does not include the specific inventory values for fiscal year 2020 and fiscal year 2021, which are needed to calculate the inventory turnover ratio.","label":"Refusal"}
{"financebench_id":"financebench_id_01163","model_name":"gpt-4","eval_mode":"singleStore","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":"Cash provided (used) by investing activities was an inflow of $564 million for fiscal 2023. Cash provided (used) by financing activities was an outflow of $7,447 million for fiscal 2023. The cash provided (used) by operations is not explicitly stated for fiscal 2023 in the provided text. However, based on the available information, investing activities brought in the most cash flow for Nike in FY2023.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00080","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not include specific information about PayPal's working capital for FY2022. Working capital is typically calculated as current assets minus current liabilities. This information is usually found in a company's balance sheet, which is not provided in the given context.","label":"Refusal"}
{"financebench_id":"financebench_id_04980","model_name":"gpt-4","eval_mode":"singleStore","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 details on PepsiCo's capital expenditure for FY2021. As an investment analyst, I would need to refer to the cash flow statement's section on investing activities, which is not included in the provided context.","label":"Refusal"}
{"financebench_id":"financebench_id_01009","model_name":"gpt-4","eval_mode":"singleStore","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":"PepsiCo operates in more than 200 countries and territories. The company is organized into seven reportable segments: Frito-Lay North America and Quaker Foods North America, which include the United States and Canada; PepsiCo Beverages North America, which includes the United States and Canada; Latin America, which includes all of PepsiCo's beverage and convenient food businesses in Latin America; and Europe, which includes all of PepsiCo's beverage and convenient food businesses in Europe.","label":"Correct Answer"}
{"financebench_id":"financebench_id_04481","model_name":"gpt-4","eval_mode":"singleStore","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":"To calculate the unadjusted EBITDA margin, we first need to calculate the unadjusted EBITDA. \n\nEBITDA is calculated as Operating Profit + Depreciation and Amortization. \n\nFrom the Consolidated Statement of Income, the Operating Profit for 2022 is $11,512 million. \n\nFrom the Consolidated Statement of Cash Flows, the Depreciation and Amortization for 2022 is $2,763 million. \n\nSo, the unadjusted EBITDA for 2022 is $11,512 million + $2,763 million = $14,275 million.\n\nThe EBITDA margin is calculated as EBITDA \/ Net Revenue. \n\nFrom the Consolidated Statement of Income, the Net Revenue for 2022 is $86,392 million. \n\nSo, the unadjusted EBITDA margin for 2022 is $14,275 million \/ $86,392 million = 0.1652 or 16.52%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_03620","model_name":"gpt-4","eval_mode":"singleStore","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 can't provide the answer you're looking for. The documents provided do not include information on capital expenditures (capex) for PepsiCo in FY2022, which is necessary to calculate EBITDA less capex.","label":"Refusal"}
{"financebench_id":"financebench_id_01328","model_name":"gpt-4","eval_mode":"singleStore","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":"The quantity of restructuring costs directly outlined in Pepsico's income statements for FY2022 is not explicitly stated. Therefore, the answer is 0.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_00735","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain any information about PepsiCo reporting any materially important ongoing legal battles from FY2022 and FY2021.","label":"Refusal"}
{"financebench_id":"financebench_id_01476","model_name":"gpt-4","eval_mode":"singleStore","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":"The company raised its full-year 2023 guidance for core constant currency EPS growth from 8 percent to 9 percent. So, PepsiCo raised the guidance by 1 percentage point.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01474","model_name":"gpt-4","eval_mode":"singleStore","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":"PepsiCo raised its full-year guidance for FY2023 due to a strong start to the year. The company's performance and business momentum remained resilient during the first quarter, with categories and geographies showing strength. This led to an increase in the expected full-year 2023 organic revenue to 8 percent (previously 6 percent) and core constant currency EPS to increase 9 percent (previously 8 percent). The company's investments in becoming a faster, stronger, and better organization are also contributing to this growth.","label":"Correct Answer"}
{"financebench_id":"financebench_id_01482","model_name":"gpt-4","eval_mode":"singleStore","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":"The shareholder proposal regarding a congruency report on net-zero emissions policies was defeated. The voting results were 19,718,780 votes for, 977,228,788 votes against, and 23,200,321 abstentions.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00705","model_name":"gpt-4","eval_mode":"singleStore","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":"On May 26, 2023, PepsiCo increased its unsecured five year revolving credit agreement from $3,800,000,000 to $4,200,000,000. Therefore, the increase was $400,000,000.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00882","model_name":"gpt-4","eval_mode":"singleStore","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":"On May 26, 2023, PepsiCo entered into two new unsecured revolving credit agreements. The first is a 364 day credit agreement that allows PepsiCo to borrow up to $4,200,000,000. The second is a five year credit agreement that also allows PepsiCo to borrow up to $4,200,000,000. Therefore, as of May 26, 2023, PepsiCo may borrow a total of $8,400,000,000 under its unsecured revolving credit agreements.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00302","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided context does not contain information about Pfizer's PPNE (Property, Plant, and Equipment) between FY20 and FY21.","label":"Refusal"}
{"financebench_id":"financebench_id_02416","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided context does not include information about any companies acquired by Pfizer.","label":"Refusal"}
{"financebench_id":"financebench_id_00702","model_name":"gpt-4","eval_mode":"singleStore","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":"The substantial increase in net income in 2019 was mainly related to the gain on the completion of the Consumer Healthcare JV transaction. This was a non-recurrent event and not part of Pfizer's standard business operations.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00724","model_name":"gpt-4","eval_mode":"singleStore","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":"The geographic region that had the biggest drop in Q2 2023 year over year revenues (on a percentage basis) for Pfizer was the \"Developed Rest of World\" with a decrease of 74%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_00283","model_name":"gpt-4","eval_mode":"singleStore","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":"\"We expect to incur costs of approximately $700 million in connection with separating Upjohn, of which approximately 90% has been incurred since inception\"","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_02419","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain any information about Pfizer spinning off any large business segments as of Q2 2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00601","model_name":"gpt-4","eval_mode":"singleStore","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 the provided context does not contain information about SG&A expense as a percent of net sales in FY2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00603","model_name":"gpt-4","eval_mode":"singleStore","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":"The documents provided do not contain specific information on what drove the increase in Ulta Beauty's merchandise inventories balance at the end of FY2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00605","model_name":"gpt-4","eval_mode":"singleStore","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":"The text provided does not include information on Ulta Beauty's total spend on stock repurchases for FY 2023 or Q4 of FY 2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00606","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided exhibits do not contain specific information about Ulta Beauty's wages expense as a percent of net sales for FY2023. Therefore, I cannot determine whether it increased or decreased.","label":"Refusal"}
{"financebench_id":"financebench_id_00746","model_name":"gpt-4","eval_mode":"singleStore","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":"The document does not provide information on any debt securities registered to trade on a national securities exchange under Ulta Beauty's name as of FY2023.","label":"Refusal"}
{"financebench_id":"financebench_id_00521","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided text does not contain any information about major acquisitions by Ulta Beauty in FY2023 and FY2022.","label":"Refusal"}
{"financebench_id":"financebench_id_00859","model_name":"gpt-4","eval_mode":"singleStore","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":"The derivative instrument that had the highest notional value in FY 2021 was the Cross currency swaps with a notional value of $32,502 million.","label":"Correct Answer"}
{"financebench_id":"financebench_id_02024","model_name":"gpt-4","eval_mode":"singleStore","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":"The text does not provide information on how much Verizon expected to pay for its retirees in 2024.","label":"Refusal"}
{"financebench_id":"financebench_id_00215","model_name":"gpt-4","eval_mode":"singleStore","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":"The document provides Verizon's capital expenditures for 2022 and 2021, which are $23,087 and $20,286 respectively. However, without additional context such as total revenues or assets, it's not possible to definitively say whether Verizon is a capital-intensive business based on this data alone. Capital intensity is typically measured as a ratio of capital expenditures to total revenues or assets, and this information is not provided in the document.","label":"Refusal"}
{"financebench_id":"financebench_id_00216","model_name":"gpt-4","eval_mode":"singleStore","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":"The provided information does not include enough details to calculate the quick ratio for Verizon for FY 2022. The quick ratio is calculated as (Cash and Cash Equivalents + Marketable Securities + Accounts Receivable) \/ Current Liabilities. While we have some of these figures, we do not have the total current liabilities figure, which is necessary to calculate the quick ratio. Therefore, it's not possible to determine Verizon's liquidity profile based on its quick ratio for FY 2022 from the provided information.","label":"Refusal"}
{"financebench_id":"financebench_id_00566","model_name":"gpt-4","eval_mode":"singleStore","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":"Yes, Verizon has increased its debt on the balance sheet between 2022 and the 2021 fiscal period. The debt maturing within one year increased from $5,024 million in 2021 to $6,809 million in 2022. The long-term debt also increased from $9,178 million in 2021 to $13,199 million in 2022.","label":"Incorrect Answer"}
{"financebench_id":"financebench_id_06247","model_name":"gpt-4","eval_mode":"singleStore","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 the information provided does not include the specific details needed to calculate the Days Payable Outstanding (DPO) for Walmart for FY2018. The necessary details such as average accounts payable between FY2017 and FY2018, FY2018 COGS, and change in inventory between FY2017 and FY2018 are not provided in the context.","label":"Refusal"}
{"financebench_id":"financebench_id_04784","model_name":"gpt-4","eval_mode":"singleStore","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":"Operating income for fiscal year 2019 was $21,957 million and for fiscal year 2018 was $20,437 million. The net sales for fiscal year 2019 were $510,329 million and for fiscal year 2018 were $495,761 million. \n\nThe operating income as a percentage of net sales for fiscal year 2019 is (21,957 \/ 510,329) * 100 = 4.3%. \n\nThe operating income as a percentage of net sales for fiscal year 2018 is (20,437 \/ 495,761) * 100 = 4.1%.\n\nSo, the FY2018 - FY2019 change in unadjusted operating income % margin for Walmart is 4.3% - 4.1% = 0.2%.","label":"Correct Answer"}
{"financebench_id":"financebench_id_06741","model_name":"gpt-4","eval_mode":"singleStore","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":"Based on the information provided, the unadjusted EBITDA for each fiscal year can be calculated as follows:\n\nFor fiscal 2020:\nOperating income: $20,568 million\nDepreciation and amortization: $10,987 million\nUnadjusted EBITDA for 2020: $20,568 million + $10,987 million = $31,555 million\n\nFor fiscal 2019:\nOperating income: $21,957 million\nDepreciation and amortization: $10,678 million\nUnadjusted EBITDA for 2019: $21,957 million + $10,678 million = $32,635 million\n\nFor fiscal 2018:\nOperating income: $20,437 million\nDepreciation and amortization: $10,529 million\nUnadjusted EBITDA for 2018: $20,437 million + $10,529 million = $30,966 million\n\nThe total net sales for each fiscal year are as follows:\n\nFor fiscal 2020: $519,926 million\nFor fiscal 2019: $510,329 million\nFor fiscal 2018: $495,761 million\n\nThe unadjusted EBITDA % margin for each fiscal year can be calculated as follows:\n\nFor fiscal 2020: ($31,555 million \/ $519,926 million) * 100 = 6.1%\nFor fiscal 2019: ($32,635 million \/ $510,329 million) * 100 = 6.4%\nFor fiscal 2018: ($30,966 million \/ $495,761 million) * 100 = 6.2%\n\nThe 3-year average unadjusted EBITDA % margin for Walmart from FY2018 to FY2020 is therefore: (6.1% + 6.4% + 6.2%) \/ 3 = 6.2% (rounded to one decimal place).","label":"Correct Answer"}