BizBench: A Quantitative Reasoning Benchmark for Business and Finance
Paper • 2311.06602 • Published
question stringlengths 4 546 | answer stringlengths 1 29 | task stringclasses 4
values | context stringlengths 115 29.1k ⌀ | context_type stringclasses 2
values | options sequencelengths | program stringlengths 13 1.03k ⌀ |
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Pro forma net income | 71 | SEC-NUM |
[Table of Contents](#i1852a2ea91e948d98ea7c44fc3e188ea_7)from the results reflected in the following pro forma information because of normal production declines, changes in commodity prices, future acquisitions and divestitures, future development and exploration activities and other factors.
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Goodwill impairment analysis, discount rate | 19 | SEC-NUM |
[Table of Contents](#i3d0ebbc4e2a2420f98ed7e6fe698936a_7) HASBRO, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements — (Continued)
During the second quarter of 2021, the Company entered into a definitive agreement to sell the Entertainment One Music business ("eOne Music") for an aggregate sales price o... | string | null | null |
Common stock, par value (in dollars per share) | 0.01 | SEC-NUM |
[Table of Contents](#i7c08528f82aa4260b71dd1d8bcc2d1c3_7)
PART I—FINANCIAL INFORMATIONItem 1. Financial Statements
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| CDW CORPORATION AND SUBSIDIARIESCONSOLIDATED BALA... | string | null | null |
Operating Lease Liabilities | 935 | SEC-NUM |
As of March 31, 2022 and December 31, 2021, the weighted average remaining lease term of our operating leases was 7 years for each period. The lease liabilities reflect a weighted average discount rate of 2.68% at March 31, 2022 and 2.69% at December 31, 2021.Future lease payments for noncancellable operating lease... | string | null | null |
Employee stock purchase plan, maximum employee subscription rate percent | 15 | SEC-NUM |
[Table of Contents](#i1d117440a79147f69db4408bc4f22334_10)Part IV
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IRON MOUNTAIN INCORPORATEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)DECEMBER 31, 2021(In thousands, except share and per share data)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINU... | string | null | null |
Aggregate Intrinsic Value, Options outstanding as of January 1, 2022 | 422,830 | SEC-NUM |
[Table of](#i090043fcb1da400aaac214abf3d3ee98_7) [Contents](#i090043fcb1da400aaac214abf3d3ee98_7)Stock-Based CompensationStock-based compensation expense and the related income tax benefit recognized in connection with stock options, restricted stock and the ESPP during fiscal 2021, 2020 and 2019 were as follows:
| ... | string | null | null |
Number of healthcare facilities used to secure debt (in facilities) | 18 | SEC-NUM |
[Table of Contents](#ifa3dff468a15495db7b57c65ada0de74_7)During the three months ended March 31, 2022, the Company did not repurchase or redeem any senior unsecured notes. The following table summarizes the Company’s senior unsecured notes repurchases and redemptions during the year ended December 31, 2021 (dollars in... | string | null | null |
Options exercisable at end of period (in dollars per share) | 70.99 | SEC-NUM |
Below is a summary of option information for the year 2021:
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Proceeds from issuance of long-term debt | 7 | SEC-NUM |
[Table of Contents](#ib0ff9808fe764fdea19589324372f96b_7)Abbott Laboratories and SubsidiariesCondensed Consolidated Statement of Cash Flows(Unaudited)(dollars in millions)
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Formula rate plan revenue increase including demand side management costs | 48.2 | SEC-NUM |
[Table of Contents](#i6266d2788e5849989ad57be380853c2d_7)Entergy Corporation and SubsidiariesNotes to Financial Statements
necessary. In the fourth quarter 2018, Entergy Mississippi recorded a provision of $9.3 million that reflected the estimate of the difference between the 2018 expected earned rate of retur... | string | null | null |
Public Utilities, Approved Rate Increase (Decrease), Amount | 49 | SEC-NUM |
May 2022, SWEPCo filed a petition for review with the Texas District Court seeking a judicial review of the several errors challenged in the PUCT’s final order.
2020 Louisiana Base Rate Case
In December 2020, SWEPCo filed a request with the LPSC for a $134 million annual increase in Louisiana base rates base... | string | null | null |
Other contractual commitments, Due in 2025 | 36 | SEC-NUM |
[Table of Contents](#i02bedaa3ef9a402693e3fc0f0d740b61_7)
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Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions | 1 | SEC-NUM |
[Table of Contents](#i96cbbb599c964cb4a125b720672b6568_10)remeasurement of pension and other postretirement benefit obligations. For purposes of assessing the recoverability of deferred tax assets, the Company determined that it could not include future projected earnings in the analysis due to recent history of losse... | string | null | null |
Proceeds from issuance of long-term debt | 3,992 | SEC-NUM |
[Table of Contents](#i7f92822ddf844c24912627bf68509b56_7)
COSTCO WHOLESALE CORPORATIONCONSOLIDATED STATEMENTS OF CASH FLOWS(amounts in millions)
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Noncontrolling interest, decrease from deconsolidation | 692 | SEC-NUM |
[Table of Contents](#ia72a687f7b8a4bb1b43219ab5b663314_7)NOTE 3. DISCONTINUED OPERATIONS Fortive Corporation SeparationOn July 2, 2016, the Company completed the separation of its former Test & Measurement segment, Industrial Technologies segment (excluding the product identification businesses) and retail/commercial ... | string | null | null |
Payment of deferred financing costs | 421 | SEC-NUM |
[Table of](#ia143979d54ef4089bc700f871e6b0e92_7) [Contents](#ia143979d54ef4089bc700f871e6b0e92_7)AVALONBAY COMMUNITIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited)(Dollars in thousands)
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Future commitment to fund | 0.9 | SEC-NUM |
The following table summarizes the capitalized costs related to data center agreements as of June 30, 2022:
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Liabilities | 1,147 | SEC-NUM |
The following table summarizes the final acquisition accounting for these combined acquisitions (in thousands):
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| Trade and other receivables | | $ | 4,975 | |
| Prepaid expenses and other current a... | string | null | null |
Number of shares redeemed (in shares) | 600,000 | SEC-NUM |
THE CHARLES SCHWAB CORPORATIONNotes to Consolidated Financial Statements(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
19. Stockholders’ Equity
Except in connection with the 2020 acquisition of TD Ameritrade as described below, CSC did not issue shares of comm... | string | null | null |
Senior Notes, Fair Value | 3.91 | SEC-NUM |
[Table of Contents](#i11f673a761214399ab28a3a12dfa4686_7)
ADOBE INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)The fair value of our financial assets and liabilities at December 3, 2021 was determined using the following inputs:
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Proceeds from issuance of debt | 54 | SEC-NUM |
[Table of Contents](#i329aa562213e420593df15cade55885b_7) NOTE 5: BORROWINGS AND LINES OF CREDIT Long-term debt consisted of the following:
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Proceeds from issuance of securitized debt | 1,242 | SEC-NUM |
[Table of Contents](#i6f5a02f7aeae4b00b01c55901eb4a1a5_4)DISCOVER FINANCIAL SERVICESCondensed Consolidated Statements of Cash Flows (unaudited)(dollars in millions)
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Percent of outstanding amount owned for decision making | 25 | SEC-NUM |
[Table of Contents](#i1c7c95a3a35c4e5dafc8b646de4a8ff7_7)
On May 17, 2021, the Company provided notice of its election to redeem early, on June 16, 2021, the $350.0 million aggregate principal amount outstanding of its 4.20% Senior Notes at a redemption price of $350.0 million plus a make-whole redemption premium... | string | null | null |
Number of Manufacturing Facilities | 127 | SEC-NUM |
[Table of Contents](#i5ec3aabfaa534f9c8fa2d2a5b7677d19_7)
APTIV PLCNOTES TO CONSOLIDATED FINANCIAL STATEMENTS1. GENERALGeneral and basis of presentation—“Aptiv,” the “Company,” “we,” “us” and “our” refer to Aptiv PLC (formerly known as Delphi Automotive PLC), a public limited company formed under the laws of Jersey ... | string | null | null |
Acquisition of intangible assets | 10,000 | SEC-NUM |
IDEXX LABORATORIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands) (Unaudited)
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| | For the Nine Months EndedSeptember 30, ... | string | null | null |
Loss to AOCI | 3 | SEC-NUM |
[Table of Contents](#iedef37dc53354d4baa10c50c5095e29f_25)The DB SERP note receivable – related party is Consumers’ portion of a demand note payable issued by CMS Energy to the DB SERP rabbi trust. The demand note bears interest at an annual rate of 4.10 percent and has a maturity date of 2028.6: Retirement Benefit... | string | null | null |
Credit facility borrowing capacity | 1.5 | SEC-NUM |
5. DEBT Debt outstanding at September 30, 2022 and December 31, 2021 was as follows:
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| | | September 30, 2022 | | December 31,... | string | null | null |
Shares of common stock settled to put and redemption options (in shares) | 105 | SEC-NUM |
AT&T INC.SEPTEMBER 30, 2022
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - ContinuedDollars in millions except per share amounts
Convertible Instruments As of January 1, 2022, we adopted, through retrospective application, Accounting Standards Update (ASU) No. 2020-06, “Debt—Debt With Conversion and Othe... | string | null | null |
Total lease payments | 483 | SEC-NUM |
[Table of Contents](#i40ca88ef65884b508d3f9e19d0380e84_7)NOTE 17 - LEASESThe lease cost for operating leases were as follows:
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Current and other assets | 3,540 | SEC-NUM |
CAESARS ENTERTAINMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)Final Purchase Price AllocationThe fair values are based on management’s analysis including work performed by third party valuation specialists, which were finalized over the one-year measurement period. The following table summarizes the... | string | null | null |
Operating loss carryforwards, not subject to expiration, net of tax | 544 | SEC-NUM |
FirstEnergy's effective tax rate on continuing operations for 2021 and 2020 was 20.5% and 11.2%, respectively. The increase in effective tax rate was primarily due to:
•The non-deductibility of the DPA monetary penalty;•The absence of a $52 million benefit for reduction in valuation allowances in 2020 from the r... | string | null | null |
Cash and Cash Equivalents | 18.2 | SEC-NUM |
[Table of Contents](#i3d0ebbc4e2a2420f98ed7e6fe698936a_7) HASBRO, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements — (Continued)
(22) eOne Music SaleOn April 25, 2021, the Company entered into a definitive agreement to sell eOne Music for an aggregate sales price of $385.0 million, subject... | string | null | null |
Maximum annual contributions per employee | 75 | SEC-NUM |
[Table of Contents](#ic5e280ddd1ef46fe9ace2a18e7a582b7_7)
14. Net Income Per Share
Basic net income per share is computed using the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed using the weighted average number of shares of commo... | string | null | null |
Foreign remittance taxes provided on repatriation of foreign earnings | 1 | SEC-NUM |
[Table of Conten](#i207805ce14724a60909000a6c8cb9e11_7)[t](#i207805ce14724a60909000a6c8cb9e11_7)[s](#i207805ce14724a60909000a6c8cb9e11_7)A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties, is as follows ($ in millions):
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Estimated percentage of total rate increase, step two | 25 | SEC-NUM |
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| FINANCIAL STATEMENTS | REGULATORY MATTERS |
Midwest Propane CavernsDuke Energy Ohio used propane stored in caverns to meet peak demand during winter for several decades. Once the Central Corridor Project was complete and placed in se... | string | null | null |
Property, plant and equipment | 35.9 | SEC-NUM |
THE COOPER COMPANIES, INC. AND SUBSIDIARIESNotes to Consolidated Condensed Financial Statements(Unaudited)
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| (In millions) | |
| Current assets: | |
| Cash and cash equivalents | $ | 58.6 | |
| Trade accounts receivable, net | 23.3 | ... | string | null | null |
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months | 115,770 | SEC-NUM |
INVITATION HOMES INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)
The table below summarizes our interest rate swap instruments as of December 31, 2021:
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Lessee, Operating Lease, Liability, Payments, Due Year Two | 35 | SEC-NUM |
[Table of Contents](#i43d04c9d26874e33802bdf64c458414a_7)The future minimum payments for leases presented in the consolidated balance sheet at December 31, 2021, follow:
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| 2022 | $ | 46 | | | |
| 20... | string | null | null |
Net proceeds from issuance of notes | 982 | SEC-NUM |
[Table](#i433d81903e814837b268e57261b357cb_7) [of Contents](#i433d81903e814837b268e57261b357cb_7)is equal to an initial conversion price of approximately $255.02 per share of our common stock. The conversion rate is subject to adjustment from time to time upon the occurrence of certain events, including, but not limit... | string | null | null |
Long-term debt maturing during year two | 505 | SEC-NUM |
(10) SHORT-TERM BORROWINGS AND LINES OF CREDIT
Short-term borrowings and current maturities of long-term debt are as follows:
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Cash paid for business combination | 157,301 | SEC-NUM |
Extra Space Storage Inc.Condensed Consolidated Statements of Cash Flows(amounts in thousands)(unaudited)
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| | For the Six Months Ended June 30, |
| | 2022 | | 20... | string | null | null |
Likelihood of no resolution period | 12 | SEC-NUM |
[Table of Contents](#ica158fb683c247fdb170955b492f9216_7)HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIESNotes to Consolidated Financial Statements (Continued)Uncertain Tax PositionsA reconciliation of unrecognized tax benefits is as follows:
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Income from discontinued operations, net of tax | 4 | SEC-NUM |
3 | The AES CorporationCondensed Consolidated Statements of Operations(Unaudited)
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End of preview. Expand in Data Studio
BizBench: A Quantitative Reasoning Benchmark for Business and Finance
Public dataset for BizBench.
Answering questions within business and finance requires reasoning, precision, and a wide-breadth of technical knowledge. Together, these requirements make this domain difficult for large language models (LLMs). We introduce BizBench, a benchmark for evaluating models' ability to reason about realistic financial problems. BizBench comprises eight quantitative reasoning tasks, focusing on question-answering (QA) over financial data via program synthesis. We include three financially-themed code-generation tasks from newly collected and augmented QA data. Additionally, we isolate the reasoning capabilities required for financial QA: reading comprehension of financial text and tables for extracting intermediate values, and understanding financial concepts and formulas needed to calculate complex solutions. Collectively, these tasks evaluate a model's financial background knowledge, ability to parse financial documents, and capacity to solve problems with code. We conducted an in-depth evaluation of open-source and commercial LLMs, comparing and contrasting the behavior of code-focused and language-focused models. We demonstrate that the current bottleneck in performance is due to LLMs' limited business and financial understanding, highlighting the value of a challenging benchmark for quantitative reasoning within this domain.
We have also develop a heavily curated leaderboard with a held-out test set open to submission: https://benchmarks.kensho.com/. This set was manually curated by financial professionals and further cleaned by hand in order to ensure the highest quality. A sample pipeline for using this dataset can be found at https://github.com/kensho-technologies/benchmarks-pipeline.
Dataset Statistics
| Dataset | Train/Few Shot Data | Test Data |
|---|---|---|
| Program Synthesis | ||
| FinCode | 7 | 47 |
| CodeFinQA | 4668 | 795 |
| CodeTATQA | 2856 | 2000 |
| Quantity Extraction | ||
| ConvFinQA (E) | 629 | |
| TAT-QA (E) | 120 | |
| SEC-Num | 6846 | 2000 |
| Domain Knowledge | ||
| FinKnow | 744 | |
| ForumlaEval | 50 |
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