hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Retail TV
(1) As of January 1, 2019, we are no longer reporting wholesale subscribers in our TV subscriber base reflecting our focus on the retail market. Consequently, we restated previously reported 2018 subscribers for comparability.
Retail IPTV net subscriber activations decreased by 17.4% in 2019, compared to last year, resulting from the impact of a maturing Fibe TV market, slower new service footprint growth and greater substitution of traditional TV services with OTT services, partly offset by higher Alt TV activations.
Retail satellite TV net customer losses improved by 4.3% compared to 2018, attributable to lower deactivations, reflecting a more mature subscriber base geographically better-suited for satellite TV service.
Total retail TV net subscriber activations (IPTV and satellite TV combined) decreased by 71.9% in 2019, compared to last year, due to lower IPTV net activations, moderated by fewer satellite TV net losses.
Retail IPTV subscribers at December 31, 2019 totaled 1,767,182, up 5.5% from 1,675,706 subscribers reported at the end of 2018.
Retail satellite TV subscribers at December 31, 2019 totaled 1,005,282, down 7.8% from 1,090,705 subscribers at the end of last year.
Total retail TV subscribers (IPTV and satellite TV combined) at December 31, 2019 were 2,772,464, representing a 0.2% increase since the end of 2018.
Table:
 | 2019 | 2018 | CHANGE | % CHANGE
Retail net subscriber activations (losses) (1) | 6,053 | 21,559 | (15,506) | (71.9%)
IPTV | 91,476 | 110,790 | (19,314) | (17.4%)
Satellite | (85,423) | (89,231) | 3,808 | 4.3%
Total retail subscribers (1) | 2,772,464 | 2,766,411 | 6,053 | 0.2%
IPTV | 1,767,182 | 1,675,706 | 91,476 | 5.5%
Satellite | 1,005,282 | 1,090,705 | (85,423) | (7.8%)


Question: What was the percentage change in the retail satellite TV net customer losses from 2018 to 2019?
Answer: 4.3%
stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , news corporation class a common stock , scripps network interactive , inc. , time warner , inc. , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on september 18 , 2008 , the date upon which our common stock began trading , in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the period september 18 , 2008 through december 31 , 2008 and the years ended december 31 , 2009 , 2010 and 2011 . of cash on hand , cash generated by operations , borrowings under our revolving credit facility and future financing transactions . under the program , management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to stock price , business conditions , market conditions and other factors . the repurchase program does not have an expiration date . the above repurchases were funded using cash on hand . there were no repurchases of our series a common stock or series b common stock during the three months ended december 31 , 2011 . december 31 , december 31 , december 31 , december 31 .

Table:
 | december 31 2008 | december 31 2009 | december 31 2010 | december 31 2011
disca | $ 102.53 | $ 222.09 | $ 301.96 | $ 296.67
discb | $ 78.53 | $ 162.82 | $ 225.95 | $ 217.56
disck | $ 83.69 | $ 165.75 | $ 229.31 | $ 235.63
s&p 500 | $ 74.86 | $ 92.42 | $ 104.24 | $ 104.23
peer group | $ 68.79 | $ 100.70 | $ 121.35 | $ 138.19
.

Question: what was the percentage cumulative total shareholder return on discb from september 18 , 2008 to december 31 , 2011?
Answer: 117.56%
Calculation: subtract(217.56, const_100), divide(#0, const_100)
4. Earnings per Share
Reconciliations of the weighted average shares outstanding for basic and diluted Earnings per Share for the years ended April 30, 2019 and 2018, respectively, were as follows (in thousands):
** For the years ended April 30, 2019 and 2018, dilutive securities are excluded since the inclusion of such shares would be antidilutive due to the net loss for the period. The exercisable shares excluded for 2019 and 2018 are 1,216,000 and 1,259,500, respectively. The effect of dilutive securities for 2019 and 2018 would have been 242,874 and 127,536, respectively.
Table:
For the years ended April 30, |  | 
 | 2019 | 2018
Basic EPS Shares outstanding (weighted average) | 8,916,250 | 8,841,166
Effect of Dilutive Securities | ** | **
Diluted EPS Shares outstanding | 9,159,124 | 8,841,166


Question: What is the number of exercisable shares excluded for 2019 and 2018 respectively?
Answer: 1,216,000, 1,259,500
Research and Development Expense
Research and development expense increased by $8.7 million in 2019 compared to 2018. The increase was primarily due to a $5.4 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 229 employees as of December 31, 2018 to 252 employees as of December 31, 2019, a $1.3 million increase in hosting and software related cost to support research and development activities and an increase of $0.4 million in office related expenses to support research and development activities. In addition, a total of $6.5 million of internally-developed software costs during 2019 and $7.7 million of internally-developed software costs during 2018 were capitalized, resulting in an increase of the expense by $1.2 million compared to 2018.
Table:
 | Year Ended December 31, |  | Change | 
 | 2019 | 2018 | $ | %
 |  | (dollars in thousands) |  | 
Research and development | $ 50,024 | $ 41,305 | $ 8,719 | 21.1%
% of revenue | 25% | 28% |  | 


Question: What was the cost of internally-developed software in 2019?
Answer: $6.5 million
The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the years ended years ended September 30, 2019 and 2018
In addition, accounts receivable from Customer A totaled approximately $0.3 million, or 1%, and approximately $1.1 million, or 9%, of total consolidated accounts receivable as of September 30, 2019 and September 30, 2018, respectively. Accounts receivable and long term receivable from Customer B totaled approximately $7.4 million, or 36%, and approximately $0.2 million, or 2%, of total consolidated accounts receivable as of September 30, 2019 and September 30, 2018, respectively. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with these customers as of September 30, 2019. No other customers accounted for 10% or more of total consolidated accounts receivable as
of September 30, 2019.
Table:
 |  | For the years ended |  | 
 | September 30, 2019 |  | September 30, 2018 | 
 | Amount | % of Revenue | Amount | % of Revenue
 |  | (Amounts in millions) |  | 
Customer A | $3.8 | 5% | $7.5 | 10%
Customer B | $10.2 | 13% | 1.1 | 3%


Question: What is the total accounts receivable and long term receivable from Customer B as of September 30, 2019?
Answer: $7.4 million
14. Fair Value Measures
The Company is required to categorize both financial and nonfinancial assets and liabilities based on the following fair value hierarchy. The fair value of an asset is the price at which the asset could be sold in an orderly transaction between unrelated, knowledgeable, and willing parties able to engage in the transaction. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be paid to settle the liability with the creditor.
• Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 - Unobservable inputs for the asset or liability supported by little or no market activity and are significant to the fair value of the assets or liabilities.
The disclosure of fair value of certain financial assets and liabilities recorded at cost are as follows:
Cash and cash equivalents, accounts receivable, and accounts payable: The carrying amount approximates fair value due to the short maturity of these instruments.
Long-term debt: The carrying value of the Company’s long-term debt is at its stated value. We have not elected to carry our long-term debt at fair value. Fair values for debt are based on quoted market prices or published forward interest rate curves, which are level 2 inputs. Estimated fair values are management’s estimates, which is a level 3 input; however, when there is no readily available market data, the estimated fair values may not represent the amounts that could be realized in a current transaction, and the fair values could change significantly. The fair value of the Company’s debt is sensitive to changes in the general level of U.S. interest rates. Under its current policies, the Company does not use interest rate derivative instruments to manage exposure to interest rate changes. A one percent (1%) decrease in interest rates would increase the net fair value of the Company’s debt by $23,000 at June 1, 2019. The fair value and carrying value of the Company’s long-term debt were as follows (in thousands):
Table:
 | June 1, 2019 |  | June 2, 2018 | 
 | Carrying Value | Fair Value | Carrying Value | Fair Value
Note payable | $1,283 | $1,309 | $4,750 | $4,732
Long-term leases | 1,054 | 940 | 1,340 | 1,171
 | $2,337 | $2,249 | $6,090 | $5,903


Question: What is the percentage increase / (decrease) in the carrying value of Note payable?
Answer: -72.99
Calculation: (1,283 / 4,750 - 1) * 100
The Company incurred approximately $106,000 in legal, professional, and other costs related to this acquisition accounted for as selling and administrative expenses when incurred. The remaining weighted-average useful life of intangible assets acquired was 12.5 years as of the acquisition date.
As the active cabinet business was not operated as a separate subsidiary, division or entity, Calix did not maintain separate financial statements for the active cabinet business. As a result, we are unable to accurately determine earnings/loss for the active cabinet business on a standalone basis since the date of acquisition.
The following table below reflects our unaudited pro forma combined results of operations as if the acquisition had taken place as of October 1, 2016 and shows the net sales and net income as if the active cabinet business were combined with the Clearfield business for the years ended September 30, 2018 and 2017.
The pro forma includes estimated expenses relating to the amortization of intangibles purchased, the amortization of the inventory fair value adjustment, and estimated personnel costs:
The pro forma unaudited results do not purport to be indicative of the results which would have been obtained had the acquisition been completed as of the beginning of the earliest period presented or of results that may be obtained in the future. In addition, they do not include any benefits that may result from the acquisition due to synergies that may be derived from the elimination of any duplicative costs.
Table:
 | Pro Forma Year Ended September 30, 2018 (unaudited) | Pro Forma Year Ended September 30, 2017 (unaudited)
Net sales | $80,958,789 | $89,672,074
Income from operations | $5,554,766 | $8,174,841
Net income | 4,794,757 | $5,809,018
Net income per share: |  | 
Basic | 0.36 | $0.43
Diluted | 0.36 | $0.43


Question: What is the percentage change in net sales from 2017 to 2018?
Answer: -9.72
Calculation: ((80,958,789-89,672,074)/89,672,074) * 100
16. Income Taxes
The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions):
The income tax benefit as of December 31, 2019 is $20.6 million. The benefit was primarily driven by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes. The Insurance segment is profitable in 2019 and in a three-year overall cumulative income position as of December 31, 2019.
The profitability is driven by current year income associated with favorable claims and reserve development relative to expected. Further, unrealized gains from the investment portfolio continued to grow in 2019.
The amount recorded as of December 31, 2018 primarily relates to separate state filings that do not have net operating losses available to offset income. In the third quarter of 2018, the Insurance segment acquired Humana’s long-term care business, Kanawha Insurance Company. The combined insurance entity generated a net operating loss for the year due to additional tax deductions related to increases in policy holder reserves. In addition, the bargain purchase gain is not taxable. This net operating loss was carried forward but had a valuation allowance. Additionally, the income tax expense generated from the sale of BeneVir in the second quarter of 2018 is offset by tax attributes for which a valuation allowance had been recorded. Therefore, there is no net income tax expense recorded in the income statement for the sale.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Tax provision (benefit) at federal statutory rate | $ (11.9) | $ 38.3
Permanent differences | 0.3 | 1.5
State tax, net of federal benefit | (7.3) | 6.2
Foreign rate differential | 1.4 | (0.9)
Minority interest | 0.2 | (4.6)
Executive and stock compensation | 2.5 | 3.5
Increase (decrease) in valuation allowance | (7.6) | (43.8)
Transaction costs | 0.1 | 1.5
Tax credits generated/utilized | (2.2) | —
Return to provision | (6.0) | 15.6
ASU 2017-11 adoption | (1.3) | —
Goodwill impairment | 10.9 | —
Gain/loss on sale or deconsolidation of a subsidiary | — | 5.7
Bargain purchase gain | — | (24.2)
Other | (1.8) | 3.6
Warrant liability | 2.1 | —
Income tax (benefit) expense | $ (20.6) | $ 2.4


Question: What was the percentage change in the Foreign rate differential from 2018 to 2019?
Answer: -2.56
Calculation: 1.4 / -0.9 - 1
Under the 2019 Plan, the Compensation Committee set the following non-equity incentive target amounts, non-equity incentive compensation cap percentages and relative percentages weights for each plan component for each of our NEOs in 2019 who are participating in our incentive compensation plans. Under the 2019 Plan, the Compensation Committee set the following non-equity incentive target amounts, non-equity incentive compensation cap percentages and relative percentages weights for each plan component for each of our NEOs in 2019 who are participating in our incentive compensation plans.
As noted above, Messrs Richard, Robert and Bruce Leeds no longer participate in incentive compensation. In addition, as
Mr. Reinhold left Systemax as the Chief Executive Officer in January 2019, he did not participate in the 2019 NEO Plan.
Table:
Name | Target ($) | Cap (%) | Net Sales (%) | Adjusted Operating Income (%) | Strategic Objectives (%) | Corporate Governance (%) | Business Unit/Individual Objectives (%)
Barry Litwin | 1,113,750 | 111 | 20 | 60 | 18 | 4 | 0
Thomas Clark | 225,000 | 150 | 0 | 0 | 0 | 0 | 100
Robert Dooley | 615,000 | 150 | 0 | 0 | 0 | 0 | 100
Eric Lerner | 300,900 | 150 | 0 | 0 | 0 | 0 | 100
Manoj Shetty | 241,535 | 150 | 0 | 0 | 0 | 0 | 100


Question: What is the non-equity incentive target amount for Barry Litwin and Thomas Clark respectively?
Answer: 1,113,750, 225,000
Dividends are distributions of the Group’s profit after tax before significant items to its shareholders and represent one of the ways the Group distributes returns to its shareholders.
All dividends are fully franked at a 30% tax rate.
On 29 August 2019, the Board of Directors declared a final dividend in respect of the 2019 period of 57 cents per share, fully franked at a 30% tax rate. The amount will be paid on or around 30 September 2019 and is expected to be $717 million. As the dividend was declared subsequent to 30 June 2019, no provision had been made as at 30 June 2019.
The DRP remains active. Eligible shareholders may participate in the DRP in respect of all or part of their shareholding. There is currently no DRP discount applied and no limit on the number of shares that can participate in the DRP.
Shares will be allocated to shareholders under the DRP for the 2019 final dividend at an amount equal to the average of the daily volume weighted average market price of ordinary shares of the Company traded on the ASX over the period of 10 trading days commencing on 6 September 2019. The last date for receipt of election notices for the DRP is 5 September 2019. The Company may acquire shares on-market during this period to satisfy its obligations under the DRP.
During the period, 13.4% (2018: 39.9%) of the dividends paid were reinvested in shares of the Company. The change in the reinvestment participation rate reflects the removal of the discount with effect from the 2018 final dividend paid on 12 October 2018. The DRP in respect of the 2019 interim dividend was satisfied in full through the on-market purchase and transfer of $73 million of shares to participating shareholders.
Table:
 | 2019 |  |  |  | 2018 | 
 | CENTS PER | TOTAL | DATE OF | CENTS PER | TOTAL | DATE OF
 | SHARE | AMOUNT | PAYMENT | SHARE | AMOUNT | PAYMENT
 |  | $M |  |  | $M | 
Current year interim | 45 | 593 | 5 April 2019 | 43 | 561 | 6 April 2018
Prior year final | 50 | 657 | 12 October 2018 | 50 | 647 | 6 October 2017
Prior year special | 10 | 131 | 12 October 2018 | - | – | 
Dividends paid during the period | 105 | 1,381 |  | 93 | 1,208 | 
Issues of shares to satisfy the dividend |  |  |  |  |  | 
reinvestment plan |  | (114) |  |  | (482) | 
Dividends received - shares held in trust |  | - |  |  | (2) | 
Dividends paid in cash |  | 1,267 |  |  | 724 | 


Question: What is the total amount of dividends paid in cash in 2019?
Answer: 1,267
Cash flow
Net cash flow from operating activities decreased by $4.8 million to $142.9 million from $147.7 million in the prior period. The small overall decrease was due to a $9.9 million reduction in the cashflow outflow on exceptional items, a $7.0 million improved use of working capital within the business, both being offset by an increase in overheads, primarily in relation to Sales and Marketing expenses.
Unlevered free cashflow decreased by $15.8 million to $123.8 million from $139.6 million in the prior-period representing the reduction in net cash flow from operating activities adjusted for the cashflow impact of exceptional items.
1 Restated for the adoption of IFRS 15 and change in accounting policy in respect of research and development expenditure tax credit scheme (“RDEC”) and provision for interest on uncertain tax positions, as explained in note 2 of the Financial Statements
2 Unlevered free cash flow is also represented by the sum of the marked rows and has been presented to enhance understanding of the Group’s cash generation capability
3 Excludes non-cash movements on exceptional items
Table:
 | FY19 | FY181
 | $M | $M
Cash EBITDA2 | 167.9 | 199.2
Net deferral of revenue | (49.7) | (129.6)
Net deferral of expenses | 0.9 | 8.4
Foreign exchange | 1.5 | (8.1)
Depreciation | (11.6) | (11.6)
Adjusted operating profit | 109.0 | 58.3
Net deferral of revenue | 49.7 | 129.6
Net deferral of expenses | (0.9) | (8.4)
Exceptional items 3 | (3.1) | (13.0)
Depreciation | 11.6 | 11.6
Foreign exchange | (1.5) | 8.1
Change in working capital 2 | (5.2) | (12.2)
Corporation tax paid 2 | (16.7) | (26.3)
Net cash flow from operating activities | 142.9 | 147.7
Exceptional items 3 | 3.1 | 13.0
Net capital expenditure 2 | (22.2) | (21.1)
Unlevered free cash flow | 123.8 | 139.6


Question: What was the Unlevered free cash flow in 2019?
Answer: $123.8 million
Gross Profit
Gross profit in fiscal year 2019 increased to $444.8 million, or 18.7 percent of net sales from $382.3 million, or 17.7 percent of net sales for fiscal year 2018. Excluding the impact of the surcharge revenue, our gross margin in fiscal year 2019 was 22.9 percent compared to 21.3 percent in fiscal year 2018. The results reflect the impact of improved product mix coupled with capacity gains and operating cost reductions compared to the same period a year ago. Fiscal year 2019 also reflects an $11.4 million benefit related to an insurance recovery in our third fiscal quarter.
Our surcharge mechanism is structured to recover increases in raw material costs, although in certain cases with a lag effect as discussed above. While the surcharge generally protects the absolute gross profit dollars, it does have a dilutive effect on gross margin as a percent of sales. The following represents a summary of the dilutive impact of the surcharge on gross margin. We present and discuss these financial measures because management believes removing the impact of surcharge provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.
Table:
 | Fiscal Year | 
($ in millions) | 2019 | 2018
Net sales | $2,380.2 | $2,157.7
Less: surcharge revenue | 438.1 | 365.4
Net sales excluding surcharge revenue | $1,942.1 | $1,792.3
Gross profit | $444.8 | $382.3
Gross margin | 18.7% | 17.7%
Gross margin excluding surcharge revenue | 22.9% | 21.3%


Question: What was the percentage change in the amount of surcharge revenue from 2018 to 2019?
Answer: 19.9
Calculation: ((438.1-365.4)/365.4) * 100
stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index . the graph assumes that the value of the investment in our common stock on january 2 , 2010 and in each index on december 31 , 2009 ( including reinvestment of dividends ) was $ 100 and tracks it each year thereafter on the last day of cadence 2019s fiscal year through january 3 , 2015 and , for each index , on the last day of the calendar comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , and s&p 400 information technology cadence design systems , inc . nasdaq composite s&p 400 information technology 12/28/13 1/3/151/1/11 12/31/11 12/29/121/2/10 *$ 100 invested on 1/2/10 in stock or 12/31/09 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2014 s&p , a division of the mcgraw-hill companies inc . all rights reserved. .

Table:
 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012 | 12/28/2013 | 1/3/2015
cadence design systems inc . | 100.00 | 137.90 | 173.62 | 224.37 | 232.55 | 314.36
nasdaq composite | 100.00 | 117.61 | 118.70 | 139.00 | 196.83 | 223.74
s&p 400 information technology | 100.00 | 128.72 | 115.22 | 135.29 | 173.25 | 187.84
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Question: what was the percentage cumulative 5-year total stockholder return for cadence design systems inc . for the period ended 1/3/2015?
Answer: 214.36%
Calculation: subtract(314.36, const_100), divide(#0, const_100)