hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Medical Segment Results
Below is a table summarizing results for the fiscal years ended:
Net Sales. The Medical segment had minimal net sales in both periods from newly launched products.
Gross Profit. Medical segment gross profit was a loss of $3.5 million in fiscal 2018 compared to a loss of $3.1 million in fiscal 2017. The increased loss primarily relates to the vertical manufacturing integration of some key components and research efforts to expand the product offerings.
Loss from Operations. Medical segment loss from operations increased $2.9 million to $11.4 million in fiscal 2018 compared to $8.5 million in fiscal 2017. The increased loss relates to higher outside professional fees, research and development and marketing expenses in fiscal 2018. Financial Condition, Liquidity and Capital Resources
Table:
(Dollars in Millions) | April 28, 2018 | April 29, 2017 | Net Change ($) | Net Change (%)
Net Sales | $ 0.3 | $ 0.2 | $ 0.1 | 50.0 %
Gross Profit | $ (3.5) | $ (3.1) | $ (0.4) | (12.9)%
Loss from Operations | $ (11.4) | $ (8.5) | $ (2.9) | (34.1)%


Question: What is the average Gross Profit for Fiscal Year Ended April 28, 2018 to April 29, 2017?
Answer: -3.3
Calculation: -(3.5+3.1) / 2
Liquidity and Capital Resources
Cash flows from operations provided a source of funds of $1,066 million, $1,058 million and $1,310 million during the years ended December 31, 2019, 2018 and 2017, respectively. This increase was driven primarily by lower employee annual incentive payments, lower retailer investments and lower restructuring payments, partially offset by working capital timing and higher interest and tax payments during the year ended December 31, 2019.
We provide for additional liquidity through several sources, including maintaining an adequate cash balance, access to global funding sources and a committed revolving credit facility. The following table provides a summary of the major sources of liquidity for the years ended December 31, 2019, 2018 and 2017:
Of the $454 million in cash and cash equivalents at December 31, 2019, approximately $383 million was held in jurisdictions outside the U.S. We regularly review the amount of cash and cash equivalents held outside of the U.S. to determine the amounts necessary to fund the current operations of our foreign operations and their growth initiatives and amounts needed to service our U.S. indebtedness and related obligations.
Table:
(IN MILLIONS) | 2019 | 2018 | 2017
Net cash from operating activities | $1,066 | $1,058 | $1,310
Cash and short-term marketable securities | $454 | $524 | $656
Revolving credit facility | $850 | $850 | $575


Question: What is the percentage of the cash and cash equivalents at December 31, 2019 held in jurisdictions outside the U.S.?
Answer: 84.36
Calculation: (383/454) * 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 average diluted EPS Shares outstanding for 2018 and 2019?
Answer: 9000145
Calculation: (9,159,124+8,841,166)/2
Movements in ordinary share capital
Ordinary Shares
Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value and the company does not have a limited amount of authorised capital.
On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote.
Table:
 |  |  | Issue price | 
Details | Date | Shares | AU$US | $’000
Balance | 1 July 2017 | 130,215,813 |  | 125,177
Shares issued | 23 February 2018 | 69,129 | $8.52 | 458
Balance | 30 June 2018 | 130,284,942 |  | 125,635
Shares issued | 24 August 2018 | 69,129 | $8.46 | 423
Share issued | 24 August 2018 | 28,407 | $0.00 | -
Share issued | 21 December 2018 | 129,044 | $0.00 | -
Balance | 30 June 2019 | 130,511,522 |  | 126,058


Question: What is the total ordinary shares balance on 30 June 2018?
Answer: 130,284,942
5. Balance Sheet Components
Deferred Revenue
Deferred revenue relates to performance obligations for which payments have been received by the customer prior to revenue recognition. Deferred revenue primarily consists of deferred software, or amounts allocated to mobile dashboard and on-line apps and unspecified upgrade rights. Deferred revenue also includes deferred subscription-based services. The deferred software and deferred subscription-based service performance obligations are anticipated to be recognized over the useful life or service periods of one to eighteen months.
Changes in the total short-term and long-term deferred revenue balance were as follows (in thousands):
Table:
 |  | December 31, | 
 | 2019 | 2018 | 2017
Beginning balances | $36,836 | $42,432 | $49,904
Deferral of revenue | 45,040 | 40,003 | 46,193
Recognition of deferred revenue | (41,034) | (45,599) | (53,665)
Ending balances | $40,842 | $36,836 | $42,432


Question: What is the difference in the ending balances between 2018 and 2019?
Answer: 4006
Calculation: 40,842-36,836
Consolidated Statements of Earnings and Comprehensive Earnings
A detail of related party items included in Revenues is as follows (in millions):
(1) Transactions with FNF are summarized through November 30, 2019, the date after which FNF is no longer considered a related party.
Table:
 |  | Year ended December 31, | 
 | 2019 (1) | 2018 | 2017
Software services | $40.2 | $35.9 | $32.8
Data and analytics services | 19.3 | 21.7 | 24.0
Total related party revenues | $59.5 | $57.6 | $56.8


Question: Which years does the table provide information for the related party items included in Revenues?
Answer: 2019, 2018, 2017
The fair value of the derivative feature of the 127,346 and 295,945 warrants issued to the placement agent of the Company’s 2016 private offering and to a holder of its debt for debt cancellation in connection with the Merger, respectively on the issuance dates and at the balance sheet date were calculated using a Black-Scholes option model valued with the following assumptions:
Risk-free interest rate: The Company uses the risk-free interest rate of a U.S. Treasury Note with a similar expected term on the date of measurement.
Dividend yield: The Company uses a 0% expected dividend yield as the Company has not paid dividends to date and does not anticipate declaring dividends in the near future.
Volatility: The Company calculates the expected volatility of the stock price based on the corresponding volatility of the Company’s peer group stock price for a period consistent with the warrants’ expected term.
Expected term: The Company’s expected term is based on the remaining contractual maturity of the warrants.
During the year ended December 31, 2019 and 2018, the Company marked the derivative feature of the warrants to fair value and recorded a loss of $343,857 and a gain
of $250,241 relating to the change in fair value, respectively.
Table:
 | December 31, 2018 | December 31, 2019
Exercise price | 1.25 | 1.25
Risk-free interest rate | 2.46% | 1.59%
Dividend yield | 0.00% | 0.00%
Expected volatility | 152% | 133%
Contractual term | 2.15 years | 1.15 years


Question: What is the percentage change in exercise price between 2018 and 2019?
Answer: 0
Calculation: (1.25 - 1.25)/1.25
Cost of Net Revenue and Gross Profit
Cost of net revenue decreased $26.7 million to $149.5 million for the year ended December 31, 2019, as compared to $176.2 million for the year ended December 31, 2018. The decrease was primarily driven by lower sales. The decrease in gross profit percentage for the year ended December 31, 2019, as compared to the year ended December 31, 2018, was due to lower revenue and product mix.
We currently expect that gross profit percentage will fluctuate in the future, from period-to-period, based on changes in product mix, average selling prices, and average manufacturing costs.
Table:
 | Year Ended December 31, |  | % Change
 | 2019 | 2018 | 2019
 |  | (dollars in thousands) | 
Cost of net revenue | $149,495 | $176,223 | (15)%
% of net revenue | 47% | 46% | 
Gross profit | 167,685 | 208,774 | (20)%
% of net revenue | 53% | 54% | 


Question: What was the respective gross profit in 2019 and 2018?
Answer: 167,685, 208,774
NOTE 4. OTHER ASSETS
Goodwill
The carrying amount of goodwill for the fiscal years ended June 30, 2019 and 2018, by reportable segments, is as follows:
Goodwill acquired during fiscal 2019 totaled $17,015, with $12,893 of that resulting from the purchase of BOLTS Technologies, Inc., $3,999 resulting from the purchase of Agiletics, Inc., and the remainder resulting from a measurement period adjustment on the Ensenta valuation. The goodwill arising from these acquisitions consists largely of the growth potential, synergies and economies of scale expected from combining the operations of the Company with those of BOLTS Technologies and Agiletics, together with the value of their assembled workforces. No goodwill was assigned to the Company’s Corporate and Other reportable segment.
Goodwill acquired during fiscal 2018 totaled $97,597, with $91,098 of that resulting from the purchase of Ensenta Corporation, included in the Payments segment. The remaining $6,499 of goodwill acquired during fiscal 2018 resulted from the purchase of Vanguard Software Group, which was added to the Company’s Complementary segment. The goodwill arising from these acquisitions consists largely of the growth potential, synergies and economies of scale expected from combining the operations of the Company with those of Ensenta and Vanguard, together with the value of their assembled workforces. No goodwill was assigned to the Company’s Corporate and Other reportable segment.
The Goodwill reduction during fiscal 2018 was a result of the Company’s sale of jhaDirect product line in the first quarter. Goodwill allocated to the carrying amount of the net assets sold was calculated based on the relative fair values of the business disposed and the portion of the reporting unit that was retained.
Table:
 | June 30, | 
Core | 2019 | 2018
Beginning balance | $195,956 | $195,956
Goodwill, acquired during the year | 4,000 | —
Goodwill, adjustments related to dispositions | — | —
Ending balance | $199,956 | $195,956
Payments |  | 
Beginning balance | $325,204 | $234,106
Goodwill, acquired during the year | 122 | 91,098
Goodwill, adjustments related to dispositions | — | —
Ending balance | $325,326 | $325,204
Complementary |  | 
Beginning balance | $128,769 | $122,403
Goodwill, acquired during the year | 12,893 | 6,499
Goodwill, adjustments related to dispositions | — | (133)
Ending balance | $141,662 | $128,769


Question: What percent of total goodwill acquired during fiscal 2019 is the goodwill acquired from the purchase of Agiletics,Inc?
Answer: 23.5
Calculation: (3,999/17,015) * 100
Stock-based compensation expense is included in general and administrative expense for each period as follows:
As of December 31, 2019, there was $4,801 of unrecognized stock-based compensation expense related to unvested employee stock options and $1,882 of unrecognized stock-based compensation expense related to unvested RSUs. These costs are expected to be recognized over a weighted-average period of 2.13 and 2.33 years, respectively.
Table:
 | Year Ended | Year Ended
Stock-Based Compensation by Type of Award | December 31, 2019 | December 31, 2018
Stock options | $2,756 | $2,926
RSUs | 955 | 1,129
Total stock-based compensation expense | $3,711 | $4,055


Question: What was the total stock-based compensation expense amount in 2018?
Answer: $4,055
( b ) as of december 31 , 2014 , the total amount authorized under the stock repurchase program was $ 5.5 billion and we had remaining authorization of $ 738 million for future repurchases under our common stock repurchase program , which will expire on february 3 , 2016 . under the stock repurchase program , management is authorized to purchase shares of the company's common stock 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 and market conditions and other factors . we have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations . in the future , we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions . there were no repurchases of our series a and b common stock during the three months ended december 31 , 2014 . the company first announced its stock repurchase program on august 3 , 2010 . 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 , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2009 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 years ended december 31 , 2010 , 2011 , 2012 , 2013 and 2014 . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .

Table:
 | december 312009 | december 312010 | december 312011 | december 312012 | december 312013 | december 312014
disca | $ 100.00 | $ 135.96 | $ 133.58 | $ 206.98 | $ 294.82 | $ 224.65
discb | $ 100.00 | $ 138.79 | $ 133.61 | $ 200.95 | $ 290.40 | $ 233.86
disck | $ 100.00 | $ 138.35 | $ 142.16 | $ 220.59 | $ 316.21 | $ 254.30
s&p 500 | $ 100.00 | $ 112.78 | $ 112.78 | $ 127.90 | $ 165.76 | $ 184.64
peer group | $ 100.00 | $ 118.40 | $ 135.18 | $ 182.38 | $ 291.88 | $ 319.28
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2015 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .

Question: after 4 years , did the series c outperform the s&p 500?
Answer: yes
Calculation: greater(316.21, 127.90)
Accrued Liabilities
Accrued liabilities consists of the following (in millions):
Sales related reserves represent price concessions and stock rotation rights that the Company offers to many of its distributors. For the fiscal year ending March 31, 2018, these sales related reserves were recorded within accounts receivable, and therefore did not exist within accrued liabilities. The Company made this change in classification as part of its adoption of ASC 606. For additional information regarding the Company's adoption of ASC 606, refer to Note 1 of the consolidated financial statements.
Table:
 | March 31, | 
 | 2019 | 2018
Accrued compensation and benefits | $133.2 | $87.6
Income taxes payable | 46.9 | 27.5
Sales related reserves | 366.9 | —
Accrued expenses and other liabilities | 240.3 | 114.5
Total accrued liabilities | $787.3 | $229.6


Question: Which years does the table provide information for the company's accrued liabilities?
Answer: 2019, 2018
Financing and cash flow
The Group delivered very strong cash generation in 2019, driven by higher operating profit and effective working capital management. Changes in working capital, reflected within cash flow from operations, benefited from:
• our continued focus on improving trade receivables collection; • a reduction in inventory levels due to a high level of shipments at the end of 2019; and • growth in payables, resulting from the increase in activity levels and emphasis on extending supplier payment terms.
Free cash flow for 2019 almost doubled year-on-year coming in at $100.1 million, compared to $50.9 million in 2018, resulting in a free cash flow conversion which represented 123 per cent of adjusted earnings (2018 77 per cent).
Free cash flow is set out below:
Note
1. Spirent adopted IFRS 16 on 1 January 2019; in prior periods operating lease payments were included within cash flow from operations.
Free cash flow includes a net cash outflow in respect of exceptional items in 2018 and 2019 of $5.5 million (2018 $3.6 million in respect of exceptional items charged in 2017 and 2018).
Tax payments of $5.6 million made in 2019 were consistent with the prior year (2018 $5.7 million). Net capital expenditure of $11.9 million was also broadly consistent with the prior year (2018 $10.6 million), with the incremental spend of $1.3 million primarily related to investment in 5G. We continue to exercise careful management of capital investment to ensure efficient use of capital and maximise return on investment.
Following the adoption of IFRS 16 on 1 January 2019, the payment of lease liabilities, both the principal and interest elements, are shown separately from net cash flow from operating activities. In previous periods they would have been reflected in that number. There is no overall impact in comparing free cash flow year-on-year.
In 2019, the final dividend for 2018 and an interim dividend for 2019 totalling $28.6 million were paid. This compared to total dividends of $54.8 million paid in 2018, including a special dividend of $29.9 million. In addition, 4.0 million shares were purchased and placed into the Employee Share Ownership Trust at a cost of $8.6 million (2018 1.5 million shares at a net cost of $2.5 million) and $1.9 million of cash consideration was paid to acquire the business of a navigation systems company based in the United Kingdom.
Following these payments, cash and cash equivalents closed at $183.2 million at 31 December 2019, compared with $121.6 million at 31 December 2018. There continues to be no bank debt.
Table:
$ million | 2019 | 2018
Cash flow from operations | 124.9 | 65.9
Tax paid | (5.6) | (5.7)
Net cash inflow from operating activities | 119.3 | 60.2
Interest received | 2.6 | 1.3
Net capital expenditure | (11.9) | (10.6)
Payment of lease liabilities, principal and interest1 | (10.3) | —
Lease payments received from finance leases | 0.4 | —
Free cash flow | 100.1 | 50.9


Question: What was the percentage change in free cash flow?
Answer: 96.66
Calculation: (($100.1-$50.9)/$50.9) * 100
the contracts were valued as of april 1 , 2002 , and an asset and a corresponding gain of $ 127 million , net of income taxes , was recorded as a cumulative effect of a change in accounting principle in the second quarter of 2002 . the majority of the gain recorded relates to the warrior run contract , as the asset value of the deepwater contract on april 1 , 2002 , was less than $ 1 million . the warrior run contract qualifies and was designated as a cash flow hedge as defined by sfas no . 133 and hedge accounting is applied for this contract subsequent to april 1 , 2002 . the contract valuations were performed using current forward electricity and gas price quotes and current market data for other contract variables . the forward curves used to value the contracts include certain assumptions , including projections of future electricity and gas prices in periods where future prices are not quoted . fluctuations in market prices and their impact on the assumptions will cause the value of these contracts to change . such fluctuations will increase the volatility of the company 2019s reported results of operations . 11 . commitments , contingencies and risks operating leases 2014as of december 31 , 2002 , the company was obligated under long-term non-cancelable operating leases , primarily for office rental and site leases . rental expense for operating leases , excluding amounts related to the sale/leaseback discussed below , was $ 31 million $ 32 million and $ 13 million in the years ended december 31 , 2002 , 2001and 2000 , respectively , including commitments of businesses classified as discontinued amounting to $ 6 million in 2002 , $ 16 million in 2001 and $ 6 million in 2000 . the future minimum lease commitments under these leases are as follows ( in millions ) : discontinued total operations .

Table:
 | total | discontinued operations
2003 | $ 30 | $ 4
2004 | 20 | 4
2005 | 15 | 3
2006 | 11 | 1
2007 | 9 | 1
thereafter | 84 | 1
total | $ 169 | $ 14
sale/leaseback 2014in may 1999 , a subsidiary of the company acquired six electric generating stations from new york state electric and gas ( 2018 2018nyseg 2019 2019 ) .
concurrently , the subsidiary sold two of the plants to an unrelated third party for $ 666 million and simultaneously entered into a leasing arrangement with the unrelated party .
this transaction has been accounted for as a sale/leaseback with operating lease treatment .
rental expense was $ 54 million , $ 58 million and $ 54 million in 2002 , 2001 and 2000 , respectively .
future minimum lease commitments are as follows ( in millions ) : in connection with the lease of the two power plants , the subsidiary is required to maintain a rent reserve account equal to the maximum semi-annual payment with respect to the sum of the basic rent ( other then deferrable basic rent ) and fixed charges expected to become due in the immediately succeeding three-year period .
at december 31 , 2002 , 2001 and 2000 , the amount deposited in the rent reserve account approximated .

Question: total discontinued operations represent what percentage of total future minimum lease commitments?
Answer: 8%
Calculation: divide(14, 169)
Cost of Net Revenue and Gross Profit
Cost of net revenue decreased $26.7 million to $149.5 million for the year ended December 31, 2019, as compared to $176.2 million for the year ended December 31, 2018. The decrease was primarily driven by lower sales. The decrease in gross profit percentage for the year ended December 31, 2019, as compared to the year ended December 31, 2018, was due to lower revenue and product mix.
We currently expect that gross profit percentage will fluctuate in the future, from period-to-period, based on changes in product mix, average selling prices, and average manufacturing costs.
Table:
 | Year Ended December 31, |  | % Change
 | 2019 | 2018 | 2019
 |  | (dollars in thousands) | 
Cost of net revenue | $149,495 | $176,223 | (15)%
% of net revenue | 47% | 46% | 
Gross profit | 167,685 | 208,774 | (20)%
% of net revenue | 53% | 54% | 


Question: In which year was cost of net revenue less than 150,000 thousands?
Answer: 2019
Calculation: locate and analyze cost of net revenue in row 4