FangyuLei/tatqa huggingface dataset:
2019
2018
2017
Year ended 31 March
£m
£m
£m
Revenue
23,428
23,723
24,062
Operating costs a
(16,461)
(16,828)
(17,323)
Depreciation and amortisation
(3,546)
(3,514)
(3,572)
Operating profit
3,421
3,381
3,167
Net finance expense
(756)
(764)
(804)
Associates and joint ventures
1
(1)
(9)
Profit before tax
2,666
2,616
2,354
Tax
(507)
(584)
(446)
Profit for the period
2,159
2,032
1,908
revenue .
both reported and adjusted revenue fell by 1 % as growth in our consumer business was more than offset by regulated price reductions in openreach and declines in our enterprise businesses in particular in fixed voice and also reflecting our strategy to reduce low margin activity such as equipment sales .
excluding the negative impact of £ 35m from foreign exchange movements underlying revenue fell 0 .
9 % -2017 / 18 : fell 1 % which exceeds our expectation of down around 2 % .
you can find details of revenue by customer-facing unit on pages 40 to 41 .
note 6 to the consolidated financial statements shows a full breakdown of reported revenue by all our major product and service categories .
operating costs .
reported operating costs were down 2 % and adjustedb operating costs before depreciation and amortisation were down 1 % .
this was mainly driven by restructuring related cost savings and lower payments to telecommunications operators driven by global services strategy to de-emphasise low margin business partly offset by higher costs of recruiting and training engineers to support openreach ’ s ‘ fibre first ’ programme and help deliver improved customer service .
our cost transformation programme remains on track .
c4000 roles were removed in the year with the largest elements being in global services and our corporate units .
overall savings from the programme are currently an annualised benefit of £ 875m with an associated cost of £ 386m .
note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs .
note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs .
a excluding depreciation and amortisation .

Question: What is the change in the revenue from 2018 to 2019?
Answer: -295
Year ended December 31,
Year ended December 31,
Year ended December 31,
2019
2018
2017
Cost of revenues
$8,741
$4,982
$3,735
Research and development
23,132
14,975
9,550
Sales and marketing
38,325
27,324
16,015
General and administrative
31,156
20,807
12,760
Total share-based compensation expense
$101,354
68,088
42,060
note 11 .
share-based compensation .
a summary of share-based compensation expense recognized in the company ’ s consolidated statements of operations is as follows -in thousands : .

Question: What is the percentage change in share-based compensation for research and development between 2018 and 2019?
Answer: 54.47
December 31, 2019
Gross Carrying Amount
Unamortized Discount and Deferred Financing Costs
Net Carrying Amount
2021 Notes
$650
$(2)
$648
2022 Notes
400
(2)
398
2026 Notes
850
(7)
843
2027 Notes
400
(5)
395
2047 Notes
400
(9)
391
Total debt
$2,700
$(25)
$2,675
debt .
at both december 31 2019 and december 31 2018 our total outstanding debt was $ 2 .
7 billion bearing interest at a weighted average rate of 3 .
18 % .
a summary of our outstanding debt as of december 31 2019 is as follows -amounts in millions : .

Question: What was the gross carrying amount in the 2021 Notes?
Answer: $650
(In thousands)
2019
2018
2017
Balance at April 1
$687
$988
$1,617
Reductions:
Relating to positions taken during prior year
—
(300)
(604)
Relating to lapse in statute
(107)
(1)
(25)
Balance at March 31
$580
$687
$988
we recorded a liability for unrecognized tax positions .
the aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the years ended march 31 : .
as of march 31 2019 we had a liability of $ 0 .
6 million related to uncertain tax positions the recognition of which would affect our effective income tax rate .
although the timing and outcome of tax settlements are uncertain it is reasonably possible that during the next 12 months an immaterial reduction in unrecognized tax benefits may occur as a result of the expiration of various statutes of limitations .
we are routinely audited and the outcome of tax examinations could also result in a reduction in unrecognized tax benefits .
other changes could occur in the amount of gross unrecognized tax benefits during the next 12 months which cannot be estimated at this time .
we recognize interest accrued on any unrecognized tax benefits as a component of income tax expense .
penalties are recognized as a component of general and administrative expenses .
we recognized interest and penalty expense of less than $ 0 .
1 million for the years ended march 31 2019 2018 and 2017 .
as of march 31 2019 and 2018 we had approximately $ 0 .
5 million and $ 0 .
8 million of interest and penalties accrued .
in the u .
s .
we file consolidated federal and state income tax returns where statutes of limitations generally range from three to five years .
although we have resolved examinations with the irs through tax year ended march 31 2010 u .
s .
federal tax years are open from 2006 forward due to attribute carryforwards .
the statute of limitations is open from fiscal year 2012 forward in certain state jurisdictions .
we also file income tax returns in international jurisdictions where statutes of limitations generally range from three to seven years .
years beginning after 2008 are open for examination by certain foreign taxing authorities .

Question: What was the increase / (decrease) in the Balance at April 1 from 2018 to 2019?
Answer: -301
Fiscal 2018
Fiscal 2017
% Change
(in millions)
(in millions)
(in millions)
Sales
$ 670.7
$  578.6
16 %
Operating income
60.4
39.8
52
Adjusted EBITDA
73.3
48.8
50
cubic transportation systems .
sales : cts sales increased 16 % to $ 670 .
7 million in 2018 compared to $ 578 .
6 million in 2017 and were higher in north america and the u .
k .
but were slightly lower in australia .
sales in 2018 were higher in the u .
s .
primarily due to system development on the new york new fare payment system contract which was awarded in october 2017 .
increased work on both development and service contracts including work on new change orders in london also increased cts sales for the year .
sales were also positively impacted in the u .
k .
and australia due to the impact of exchange rates .
the average exchange rates between the prevailing currencies in our foreign operations and the u .
s .
dollar resulted in an increase in cts sales of $ 12 .
4 million for 2018 compared to 2017 primarily due to the strengthening of the british pound against the u .
s .
dollar .
amortization of purchased intangibles : amortization of purchased intangibles included in the cts operating results totaled $ 5 .
2 million in 2018 and $ 5 .
7 million in 2017 .
operating income : cts operating income increased 52 % in 2018 to $ 60 .
4 million compared to $ 39 .
8 million in 2017 .
for 2018 operating income was higher from increased volumes of system development work and services including work on new projects and change orders primarily in north america and the u .
k .
operating income was also higher due to operational efficiencies and reductions in r & d spending .
r & d expenses for cts in 2017 included $ 6 .
4 million of system development expenses related to our anticipated contract with the new york metropolitan transit authority that was awarded in early fiscal 2018 ; such expenses incurred in 2018 on this contract are classified as cost of sales .
during the first quarter of fiscal year 2018 cts implemented our new enterprise resource planning -erp system and as a result began depreciating the cost of certain capitalized software into its operating results .
this resulted in a decrease in operating income of $ 4 .
2 million between fiscal 2017 and fiscal 2018 .
the average exchange rates between the prevailing currency in our foreign operations and the u .
s .
dollar resulted in an increase in cts operating income of $ 2 .
2 million for 2018 compared to 2017 .
adjusted ebitda : cts adjusted ebitda increased 50 % to $ 73 .
3 million in 2018 compared to $ 48 .
8 million in 2017 primarily due to the same items described in the operating income section above .
the increase in adjusted ebitda was primarily driven by the same factors that drove the increase in operating income described above excluding the increase in depreciation and decrease in amortization which are excluded from adjusted ebitda .

Question: What is the percentage increase in CTS sales in 2018?
Answer: 16%
As of December 31,
As of December 31,
2019
2018
Total credit facility
$300,000
$300,000
Balance Outstanding
$99,700
$50,000
Standby letters of credit
$1,800
$1,940
Amount available
$198,500
$248,060
Weighted-average interest rate
3.25%
3.10%
Commitment fee percentage per annum
0.23%
0.20%
results of operations : years ended december 31 2018 versus year ended december 31 2017 -amounts in thousands except percentages and per share amounts : .
capital resources .
long-term debt was comprised of the following : .
on february 12 2019 we entered into an amended and restated five-year credit agreement with a group of banks -the " credit agreement " to extend the term of the facility .
the credit agreement provides for a revolving credit facility of $ 300000 which may be increased by $ 150000 at the request of the company subject to the administrative agent ' s approval .
this new unsecured credit facility replaces the prior $ 300000 unsecured credit facility which would have expired august 10 2020 .
borrowings of $ 50000 under the prior credit agreement were refinanced into the credit agreement .
the prior agreement was terminated as of february 12 2019 .
the revolving credit facility includes a swing line sublimit of $ 15000 and a letter of credit sublimit of $ 10000 .
borrowings under the revolving credit facility bear interest at the base rate defined in the credit agreement .
we also pay a quarterly commitment fee on the unused portion of the revolving credit facility .
the commitment fee ranges from 0 .
20 % to 0 .
30 % based on the our total leverage ratio .
we have entered into interest rate swap agreements to fix interest rates on $ 50000 of long-term debt through february 2024 .
the difference to be paid or received under the terms of the swap agreements is recognized as an adjustment to interest expense when settled .
we have historically funded our capital and operating needs primarily through cash flows from operating activities supported by available credit under our revolving credit facility .
we believe that cash flows from operating activities and available borrowings under our revolving credit facility will be adequate to fund our working capital needs capital expenditures and debt service requirements for at least the next twelve months .
however we may choose to pursue additional equity and debt financing to provide additional liquidity or to fund acquisitions .

Question: What was the change in the Weighted-average interest rate between 2018 and 2019?
Answer: 0.15
Three Months Ended
(in days)
Three Months Ended
April 26, 2019
April 27, 2018
April 28, 2017
Days sales outstanding (1)
70
58
45
Days inventory outstanding (2)
21
18
26
Days payables outstanding (3)
(87)
(90)
(56)
Cash conversion cycle (4)
3
(14 )
15
Days may not add due to rounding
cash conversion cycle .
the following table presents the components of our cash conversion cycle for the fourth quarter of each of the past three fiscal years : .
-1 days sales outstanding referred to as dso calculates the average collection period of our receivables .
dso is based on ending accounts receivable and net revenue for each period .
dso is calculated by dividing accounts receivable by average net revenue per day for the current quarter -91 days for each of the fourth quarters presented above .
the year over year increases in dso in the fourth quarter of fiscal 2019 and fiscal 2018 were primarily due to less favorable shipping linearity and in the case of fiscal 2019 one of our major distributors choosing not to take advantage of an early payment discount .
-2 days inventory outstanding referred to as dio measures the average number of days from procurement to sale of our products .
dio is based on ending inventory and cost of revenues for each period .
dio is calculated by dividing ending inventory by average cost of revenues per day for the current quarter .
the increase in dio in the fourth quarter of fiscal 2019 compared to the corresponding period of fiscal 2018 was primarily due to higher levels of finished goods on hand at the end of fiscal 2019 .
compared to the corresponding period in fiscal 2017 the decrease in dio in the fourth quarter of fiscal 2018 was due primarily to strong product sales towards the end of the fourth quarter of fiscal 2018 .
-3 days payables outstanding referred to as dpo calculates the average number of days our payables remain outstanding before payment .
dpo is based on ending accounts payable and cost of revenues for each period .
dpo is calculated by dividing accounts payable by average cost of revenues per day for the current quarter .
dpo for the fourth quarter of fiscal 2019 was relatively unchanged compared to the fourth quarter of fiscal 2018 while it increased compared to the corresponding period in fiscal 2017 was primarily the result of improved vendor payables management and extensions of payment terms with our suppliers .
-4 the cash conversion cycle is the sum of dso and dio less dpo .
items which may cause the cash conversion cycle in a particular period to differ include but are not limited to changes in business mix changes in payment terms -including extended payment terms from suppliers the extent of shipment linearity seasonal trends and the timing of revenue recognition and inventory purchases within the period .

Question: What was the Days sales outstanding for three months ended april 2019?
Answer: 70
2019
2018
2017
Weighted-average fair value ($)
68.05
57.75
40.87
Risk-free interest rate (%)
2.37
2.65
2.03
Average expected option life (years)
5.42
5.32
5.26
Expected volatility (%)
19.22
18.05
18.74
Expected dividend yield (%)
0.58
0.59
0.67
stock options — stock options are typically granted at prices not less than 100 % of market value of the underlying stock at the date of grant .
stock options typically vest over a period of 3 to 5 years from the grant date and expire 10 years after the grant date .
the company recorded $ 32 .
0 $ 23 .
2 and $ 18 .
3 of compensation expense relating to outstanding options during 2019 2018 and 2017 respectively as a component of general and administrative expenses at corporate .
the company estimates the fair value of its option awards using the black-scholes option valuation model .
the stock volatility for each grant is measured using the weighted-average of historical daily price changes of the company ’ s common stock over the most recent period equal to the expected life of the grant .
the expected term of options granted is derived from historical data to estimate option exercises and employee forfeitures and represents the period of time that options granted are expected to be outstanding .
the risk-free rate for periods within the contractual life of the option is based on the u .
s .
treasury yield curve in effect at the time of grant .
the weighted-average fair value of options granted in 2019 2018 and 2017 were calculated using the following weighted-average assumptions : .

Question: What was the weighted-average fair value of options granted in 2017, 2018, and 2019, respectively?
Answer: 40.87 57.75 68.05
Payments Due by Period (1, 2)
Payments Due by Period (1, 2)
Payments Due by Period (1, 2)
Total 
Less than One Year
1-3 Years
4-5 Years
Thereafter
(In thousands)
(In thousands)
(In thousands)
Inventory purchase commitments
$53,413
$53,413
$—
$—
$—
Indebtedness
$406,644
$2,993
$244,151
$159,500
$—
Finance lease obligations 
$4,597
$880
$1,715
$1,392
$610
Pension exit liabilities 
$2,169
$149
$329
$375
$1,316
Long-term operating leases 
$197,359
$25,662
$43,130
$30,080
$98,487
Total 
$664,182
$83,097
$289,325
$191,347
$100,413
commitments and significant contractual obligations .
the following table summarizes our contractual obligations and commercial commitments at december 27 2019 : .
-1 interest on our various outstanding debt instruments is included in the above table except for our term loan and abl which have floating interest rates .
at december 27 2019 we had borrowings of $ 238 .
1 million under our term loan and zero under our abl .
during the fiscal year ended december 27 2019 the weighted average interest rate on our term loan was approximately 5 .
8 % and we incurred interest expense of approximately $ 13 .
9 million .
during the fiscal year ended december 27 2019 the weighted average interest rate on our abl borrowings was approximately 3 .
7 % and we incurred interest expense of approximately $ 1 .
6 million .
see note 9 “ debt obligations ” to our consolidated financial statements for further information on our debt instruments .
-2 the table above excludes cash to be paid for income taxes $ 14 .
7 million of total contingent earn-out liabilities related to certain acquisitions as of december 27 2019 and approximately $ 5 .
3 million of lease payments related to long-term leases for several vehicles and a distribution and processing facility that do not commence until fiscal 2020 .
we had outstanding letters of credit of approximately $ 16 .
6 million and $ 15 .
8 million at december 27 2019 and december 28 2018 respectively .
substantially all of our assets are pledged as collateral to secure our borrowings under our credit facilities .

Question: What is the total Inventory purchase commitments for all periods?
Answer: $53,413
Fiscal
Fiscal
2019
2018
Net cash provided by operating activities
$181,401
$236,111
Purchases of property and equipment
(83,283)
(90,757)
Acquisition of businesses, net of cash acquired
(18,881)
(45,448)
Proceeds from sale of discontinued operation (the Hull Business)
—
25,000
Proceeds from sales of other entities
—
6,250
Borrowings, net of repayments
263
(173,252)
Issuance of shares under employee stock plans
11,811
10,574
Repurchase of common stock
(77,410)
(100,000)
Net settlement of restricted common stock
(15,179)
(36,320)
sources and uses of cash .
historically our primary source of cash has been provided by operations .
other sources of cash in the past three fiscal years include proceeds from our euro term loan used to finance our acquisition of rofin proceeds received from the sale of our stock through our employee stock purchase plan as well as borrowings under our revolving credit facility - ‘ ‘ revolving credit facility ’ ’ .
our historical uses of cash have primarily been for acquisitions of businesses and technologies the repurchase of our common stock capital expenditures and debt issuance costs .
supplemental information pertaining to our historical sources and uses of cash is presented as follows and should be read in conjunction with our consolidated statements of cash flows and notes thereto -in thousands : .
net cash provided by operating activities decreased by $ 54 .
7 million in fiscal 2019 compared to fiscal 2018 .
the decrease in cash provided by operating activities in fiscal 2019 was primarily due to lower net income and lower cash flows from income taxes payable and deferred taxes partially offset by higher cash flows from accounts receivable inventories deferred revenue and accrued payroll .
we believe that our existing cash cash equivalents and short term investments combined with cash to be provided by operating activities and amounts available under our revolving credit facility will be adequate to cover our working capital needs and planned capital expenditures for at least the next 12 months to the extent such items are known or are reasonably determinable based on current business and market conditions .
however we may elect to finance certain of our capital expenditure requirements through other sources of capital .
we continue to follow our strategy to further strengthen our financial position by using available cash flow to fund operations .

Question: What was the Net cash provided by operating activities in 2019?
Answer: $181,401
(In thousands)
Network Solutions
Services & Support
Total
Access & Aggregation
$301,801
$57,069
$358,870
Subscriber Solutions & Experience (1)
129,067
5,393
134,460
Traditional & Other Products
27,364
8,583
35,947
Total
$458,232
$71,045
$529,277
the following table disaggregates our revenue by major source for the year ended december 31 2018 : .
-1 subscriber solutions & experience was formerly reported as customer devices .
with the increasing focus on enhancing the customer experience for both our business and consumer broadband customers and the addition of smartrg during the fourth quarter of 2018 subscriber solutions & experience more accurately represents this revenue category .

Question: What was the total revenue from traditional & other products as a percentage of total revenue from all sources?
Answer: 6.79
Percent Expected to be Recognized as Revenue
Percent Expected to be Recognized as Revenue
Percent Expected to be Recognized as Revenue
Percent Expected to be Recognized as Revenue
(in millions, except percentages)
Total Remaining Performance Obligations
0-12 Months
13-24 Months
25-36 Months
Over 36 Months
Enterprise Security
$2,059
65%
24%
10%
2%
Consumer Cyber Safety
549
95%
4%
1%
-%
Total
$2,608
71%
19%
8%
1%
remaining performance obligations .
remaining performance obligations represent contracted revenue that has not been recognized which include contract liabilities and amounts that will be billed and recognized as revenue in future periods .
as of march 29 2019 we had $ 2608 million of remaining performance obligations which does not include customer deposit liabilities of approximately $ 505 million and the approximate percentages expected to be recognized as revenue in the future are as follows : .
percentages may not add to 100 % due to rounding .

Question: What is the difference in Total Remaining Performance Obligations for Consumer Cyber Safety and Enterprise Security?
Answer: 1510
As of June 30,
As of June 30,
2019
2018
(U.S. $ in thousands)
(U.S. $ in thousands)
*As Adjusted
Marketable equity securities
$58,932
$—
Non-marketable equity securities
3,000
—
Security deposits
5,010
5,248
Other
9,703
8,218
$76,645
$13,466
other non-current assets .
other non-current assets consisted of the following : .
* as adjusted to reflect the impact of the full retrospective adoption of ifrs 15 .
see note 2 for further details .
as of june 30 2019 and 2018 the group had certificates of deposit and time deposits totaling $ 3 .
7 million and $ 3 .
7 million which were classified as long-term and were included in security deposits .
included in the group ’ s other non-current assets balance as of june 30 2019 and 2018 were $ 7 .
1 million and $ 6 .
6 million respectively of restricted cash used for commitments of standby letters of credit related to facility leases and were not available for the group ’ s use in its operations .

Question: What is the percentage difference of security deposits between fiscal years 2018 and 2019?
Answer: -4.54
2019
2018
£m
£m
Retailers
20.4
21.7
Manufacturer and Agency
3.2
3.0
Other
1.3
0.7
Total
24.9
25.4
the maximum exposure to credit risk for trade receivables at the reporting date by type of customer was : .
the group ’ s most significant customer accounts for £ 0 .
5m -2018 : £ 0 .
6m of net trade receivables as at 31 march 2019 .

Question: What were the components making up the maximum exposure to credit risk for trade receivables at the reporting date by type of customer?
Answer: Retailers Manufacturer and Agency Other