hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The following table presents franchise revenues and costs in each fiscal year and other information we believe is useful in analyzing the change in franchise operating results (dollars in thousands):
Franchise rental revenues increased $13.8 million, or 5.3%, in 2019 versus a year ago due primarily to an increase in the number of franchised restaurants and, to a lesser extent, an increase in franchise same-store sales. The increase in the number of restaurants leased or subleased from the Company due to our refranchising strategy, contributed additional rental revenues of $12.4 million in 2019.
Table:
 | 2019 | 2018
Franchise rental revenues | $272,815 | $259,047
Royalties | 163,047 | 155,939
Franchise fees and other | 6,764 | 6,646
Franchise royalties and other | 169,811 | 162,585
Franchise contributions for advertising and other services | 170,674 | —
Total franchise revenues | $613,300 | $421,632
 |  | 
Franchise occupancy expenses (excluding depreciation and amortization) | $166,584 | $158,319
Franchise support and other costs | 12,110 | 11,593
Franchise advertising and other services expenses | 178,093 | —
Total franchise costs | $356,787 | $169,912
Franchise costs as a % of total franchise revenues | 58.2% | 40.3%
 |  | 
Average number of franchise restaurants | 2,081 | 2,028
% increase | 2.6% | 
Franchised restaurant sales | $3,167,920 | $3,018,067
Franchise restaurant AUV | $1,523 | $1,488
Increase in franchise-operated same-store sales | 1.3% | 0.1%
Royalties as a percentage of total franchise restaurant sales | 5.1% | 5.2%


Question: What is the increase in franchise rental revenues in 2019?
Answer: $13.8 million
SIGNIFICANT ASSUMPTIONS
We used the following key assumptions to measure the post-employment benefit obligations and the net benefit plans cost for the DB pension plans and OPEB plans. These assumptions are long-term, which is consistent with the nature of post-employment benefit plans.
(1) Cost of living indexation rate is only applicable to DB pension plans
The weighted average duration of the post-employment benefit obligation is 14 years.
We assumed the following trend rates in healthcare costs: • an annual increase in the cost of medication of 6.5% for 2019 decreasing to 4.0% over 20 years • an annual increase in the cost of covered dental benefits of 4% • an annual increase in the cost of covered hospital benefits of 3.7% • an annual increase in the cost of other covered healthcare benefits of 4%
Assumed trend rates in healthcare costs have a significant effect on the amounts reported for the healthcare plans.
Table:
 | DB PENSION PLANS AND OPEB PLANS | 
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Post-employment benefit obligations |  | 
Discount rate | 3.1% | 3.8%
Rate of compensation increase | 2.25% | 2.25%
Cost of living indexation rate (1) | 1.6% | 1.6%
Life expectancy at age 65 (years) | 23.2 | 23.1


Question: Based on the post-employment benefit obligations, which year recorded a longer life expectancy at age 65?
Answer: 2019
Calculation: 23.2>23.1
(b) Credit Quality of Financing Receivables
Gross receivables, excluding residual value, less unearned income categorized by our internal credit risk rating as of July 27, 2019 and July 28, 2018 are summarized as follows (in millions):
We determine the adequacy of our allowance for credit loss by assessing the risks and losses inherent in our financing receivables by portfolio segment. The portfolio segment is based on the types of financing offered by us to our customers, which consist of the following: lease receivables, loan receivables, and financed service contracts.
Our internal credit risk ratings of 1 through 4 correspond to investment-grade ratings, while credit risk ratings of 5 and 6 correspond to non-investment grade ratings. Credit risk ratings of 7 and higher correspond to substandard ratings.
Table:
 |  |  | INTERNAL CREDIT RISK RATING | 
July 27, 2019 | 1 to 4 | 5 to 6 | 7 and Higher | Total
Lease receivables | $1,204 | $991 | $35 | $2,230
Loan receivables | 3,367 | 1,920 | 151 | 5,438
Financed service contracts | 1,413 | 939 | 17 | 2,369
Total | $5,984 | $3,850 | $203 | $10,037


Question: What was the difference in the total between Loan Receivables and Financed service contracts?
Answer: 3069
Calculation: 5,438-2,369
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 is the free cash flow in 2019?
Answer: $100.1 million
notes to consolidated financial statements the following table sets forth the activity related to the 2005 restructuring plan liabilities . ( millions ) .

Table:
balance at january 1 2005 | $ 2014
expensed in 2005 | 141
cash payments in 2005 | -23 ( 23 )
foreign currency revaluation | -2 ( 2 )
balance at december 31 2005 | 116
expensed in 2006 | 155
cash payments in 2006 | -141 ( 141 )
foreign currency revaluation | 4
balance at december 31 2006 | 134
expensed in 2007 | 38
cash payments in 2007 | -110 ( 110 )
foreign currency revaluation | 1
balance at december 31 2007 | $ 63
aon 2019s unpaid restructuring liabilities are included in both accounts payable and accrued liabilities and other non-current liabilities in the consolidated statements of financial position .
aon corporation .

Question: what is the net change in aon 2019s unpaid restructuring liabilities during 2007?
Answer: -71
Calculation: add(38, -110), add(#0, 1)
dish network corporation notes to consolidated financial statements - continued future minimum lease payments under the capital lease obligation , together with the present value of the net minimum lease payments as of december 31 , 2010 are as follows ( in thousands ) : for the years ended december 31 .

Table:
2011 | $ 82184
2012 | 77110
2013 | 75970
2014 | 75970
2015 | 75970
thereafter | 390239
total minimum lease payments | 777443
less : amount representing lease of the orbital location and estimated executory costs ( primarily insurance and maintenance ) including profit thereon included in total minimum lease payments | -357982 ( 357982 )
net minimum lease payments | 419461
less : amount representing interest | -132490 ( 132490 )
present value of net minimum lease payments | 286971
less : current portion | -24801 ( 24801 )
long-term portion of capital lease obligations | $ 262170
the summary of future maturities of our outstanding long-term debt as of december 31 , 2010 is included in the commitments table in note 14 .
10 .
income taxes and accounting for uncertainty in income taxes income taxes our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our consolidated balance sheets , as well as probable operating loss , tax credit and other carryforwards .
deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized .
we periodically evaluate our need for a valuation allowance .
determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events , including the probability of expected future taxable income and available tax planning opportunities .
as of december 31 , 2010 , we had no net operating loss carryforwards ( 201cnols 201d ) for federal income tax purposes and $ 13 million of nol benefit for state income tax purposes .
the state nols begin to expire in the year 2020 .
in addition , there are $ 11 million of tax benefits related to credit carryforwards which are partially offset by a valuation allowance and $ 42 million of capital loss carryforwards which were fully offset by a valuation allowance .
the credit carryforwards begin to expire in the year 2011. .

Question: what percentage of total minimum lease payments are due in 2015?
Answer: 10%
Calculation: divide(75970, 777443)
Inventories and Inventory Valuation
Inventories are stated at the lower of first-in, first-out (FIFO) cost or market value. Market value is based upon an estimated average selling price reduced by estimated costs of disposal. Should actual market conditions differ from the Company’s estimates, the Company’s future results of operations could be materially affected. Reductions in inventory valuation are included in Cost of revenue in the accompanying Consolidated Statements of Operations. The Company reviews inventory for excess quantities and obsolescence based on its best estimates of future demand, product lifecycle status and product development plans. The Company uses historical information along with these future estimates to reduce the inventory cost basis. Subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Prices anticipated for future inventory demand are compared to current and committed inventory values.
The components of inventories are as follows:
Table:
March 31, |  | 
(in thousands) | 2019 | 2018
Raw materials | $3,445 | $2,969
Finished goods | 6,356 | 6,253
Total inventories | $9,801 | $9,222


Question: What are the components of inventories?
Answer: Raw materials, Finished goods
In addition to the results reported in accordance with accounting principles generally accepted in the United States (“US GAAP” or “GAAP”), we also use certain non-GAAP measures such as EBITDA and adjusted EBITDA to evaluate operating performance and to facilitate the comparison of our historical results and trends.
These financial measures are not a measure of financial performance under US GAAP and should not be considered in isolation or as a substitute for net income (loss) as a measure of performance and net cash provided by operating activities as a measure of liquidity.
EBITDA is defined as net earnings before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is comprised of EBITDA, adjusted for certain items as permitted or required under our credit facility as described in the reconciliations below.
These measures are a common measure of operating performance in the telecommunications industry and are useful, with other data, as a means to evaluate our ability to fund our estimated uses of cash. The following tables are a reconciliation of net income (loss) to Adjusted EBITDA:
The following tables are a reconciliation of net income (loss) to Adjusted EBITDA:
(a) Other, net includes the equity earnings from our investments, dividend income, income attributable to noncontrolling interests in subsidiaries, acquisition and transaction related costs including severance, non-cash pension and postretirement benefits and certain other miscellaneous items.
(b) Includes all cash dividends and other cash distributions received from our investments.
(c) Represents the redemption premium (discount) and write-off of unamortized debt issuance costs in connection with the redemption or retirement of our debt obligations.
(d) Represents intangible asset impairment charges recognized during the period.
(e) Represents compensation expenses in connection with the issuance of stock awards, which because of their non-cash nature, these expenses are excluded from adjusted EBITDA.
Table:
 |  |  |  | Year Ended December 31, | 
(In millions, unaudited) | 2019 | 2018 | 2017 | 2016 | 2015
Net income (loss) | $ (20.0) | $ (50.5) | $ 65.3 | $ 15.2 | $ (0.7)
Add (subtract): |  |  |  |  | 
Interest expense, net of interest income | 136.7 | 134.5 | 129.8 | 76.8 | 79.6
Income tax expense (benefit) | (3.7) | (24.1) | (124.9) | 23.0 | 2.8
Depreciation and amortization | 381.2 | 432.6 | 291.8 | 174.0 | 179.9
EBITDA | 494.2 | 492.5 | 362.0 | 289.0 | 261.6
Adjustments to EBITDA: |  |  |  |  | 
Other, net (a) | (8.8) | 0.6 | 19.3 | (25.5) | (22.3)
Investment distributions (b) | 35.8 | 39.1 | 30.0 | 32.1 | 45.3
(Gain) loss on extinguishment of debt (c) | (4.5) | — | — | 6.6 | 41.2
Loss on impairment (d) | — | — | — | 0.6 | —
Non-cash, stock-based compensation (e) | 6.8 | 5.1 | 2.8 | 3.0 | 3.1
Adjusted EBITDA | $ 523.5 | $ 537.3 | $ 414.1 | $ 305.8 | $ 328.9


Question: What is EBITDA?
Answer: EBITDA is defined as net earnings before interest expense, income taxes, and depreciation and amortization.
NOTE 21—EARNINGS PER SHARE
Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive.
(1) Please also see note 14 "Income Taxes" for details relating to a one-time tax benefit of $876.1 million recorded during the three months ended September 30, 2016 in connection with an internal reorganization of our subsidiaries.
(2) Represents options to purchase Common Shares excluded from the calculation of diluted earnings per share because the exercise price of the stock options was greater than or equal to the average price of the Common Shares during the period.
Table:
 |  | Year Ended June 30, | 
 | 2019 | 2018 | 2017
Basic earnings per share |  |  | 
Net income attributable to OpenText | $285,501 | $242,224 | $1,025,659(1)
Basic earnings per share attributable to OpenText | $1.06 | $0.91 | $4.04
Diluted earnings per share |  |  | 
Net income attributable to OpenText | $285,501 | $242,224 | $1,025,659(1)
Diluted earnings per share attributable to OpenText | $1.06 | $0.91 | $4.01
Weighted-average number of shares outstanding (in 000's) |  |  | 
Basic | 268,784 | 266,085 | 253,879
Effect of dilutive securities | 1,124 | 1,407 | 1,926
Diluted | 269,908 | 267,492 | 255,805
Excluded as anti-dilutive(2) | 2,759 | 2,770 | 1,371


Question: How is Diluted earnings per share computed?
Answer: dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
19. Financial Income and Costs
An analysis of financial income and costs is as follows:
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Financial Income |  |  | 
Interest income | 2,650 | 4,784 | 5,318
Total financial income | 2,650 | 4,784 | 5,318
Financial Costs |  |  | 
Amortization and write-off of deferred loan/bond issuance costs/premium | 12,398 | 12,593 | 14,154
Interest expense on loans and realized loss on cash flow hedges | 85,813 | 111,600 | 122,819
Interest expense on bonds and realized loss on CCSs | 27,085 | 30,029 | 34,607
Lease charge | 10,875 | 10,520 | 10,506
Loss arising on bond repurchases at a premium (Note 13)13) | 1,459 | — | 2,119
Other financial costs, including unrealized foreign exchange losses on cash and bonds | 1,551 | 1,885 | 6,276
Total financial costs | 139,181 | 166,627 | 190,481


Question: In which year was the financial income and costs recorded for?
Answer: 2017, 2018, 2019
5. Receivables, net
The allowance for doubtful accounts includes all specific accounts receivable which we believe are likely not collectable based on known information. The reduction for the unpaid portion of deferred revenue represents future customer service or maintenance obligations which have been billed to customers, but remain unpaid as of the respective balance sheet dates. Deferred revenue on our consolidated balance sheets represents future customer service or maintenance obligations which have been billed and collected as of the respective balance sheet dates.
The note receivable represents the remaining outstanding balance of an original note related to the sale of a product line in 2005 in the amount of $540 thousand. This was fully reserved at the time of the sale as the note’s collectability was not assured. The note receivable is fully reserved at December 31, 2019 and 2018.
Table:
(In thousands) | December 31, | 
 | 2019 | 2018
Gross accounts receivables | $ 21,193 | $ 14,135
Allowance for returns and doubtful accounts | (265 ) | (277 )
Unpaid portion of deferred revenue | (10,847 ) | (10,670 )
Note receivable | 458 | 458
Allowance for note receivable | (458 ) | (458 )
Receivables, net | $ 10,081 | $ 3,188


Question: What is the Gross accounts receivables for 2019 and 2018 respectively?
Answer: $ 21,193, $ 14,135
Cost of revenues. Cost of revenues increased by 20% to RMB59,659 million for the fourth quarter of 2019 on a year-on-year basis. The increase was mainly due to greater costs of FinTech services, channel costs and content costs. As a percentage of revenues, cost of revenues decreased to 56% for the fourth quarter of 2019 from 59% for the fourth quarter of 2018. The following table sets forth our cost of revenues by line of business for the fourth quarter of 2019 and the fourth quarter of 2018:
Cost of revenues for VAS increased by 28% to RMB26,120 million for the fourth quarter of 2019 on a year-on-year basis. The increase mainly reflected greater channel costs for smart phone games due to increased revenues, including the channel costs attributable to Supercell, as well as higher content costs for services and products such as live broadcast services, online games and music streaming.
Cost of revenues for FinTech and Business Services increased by 32% to RMB21,520 million for the fourth quarter of 2019 on a year-on-year basis. The increase was primarily driven by scale expansion of our payment-related services and cloud business.
Cost of revenues for Online Advertising decreased by 14% to RMB9,241 million for the fourth quarter of 2019 on a year-on-year basis. The decrease was mainly due to lower content costs for video advertising as a result of fewer major content releases, and to cost management.
Table:
 | Unaudited |  |  | 
 | Three months ended |  |  | 
 | 31 December 2019 |  | 31 December 2018 | 
 |  | % of |  | % of
 |  | segment |  | segment
 | Amount | revenues | Amount | revenues
 |  |  | (Restated) | (Restated)
 | (RMB in millions, unless specified) |  |  | 
VAS | 26,120 | 50% | 20,330 | 47%
FinTech and Business Services | 21,520 | 72% | 16,310 | 76%
Online Advertising | 9,241 | 46% | 10,800 | 63%
Others | 2,778 | 84% | 2,304 | 88%
Total cost of revenues | 59,659 |  | 49,744 | 


Question: What was the percentage increase in cost of VAS revenues between the fourth quarter of 2018 and 2019?
Answer: 28%
Non-GAAP Results
Management uses non-GAAP operating income and non-GAAP EPS to evaluate business performance without the impacts of certain non-cash charges and other charges which are not part of our usual operations. We use these non- GAAP measures to assess performance against business objectives, make business decisions, including developing budgets and forecasting future periods. In addition, management’s incentive plans include these non-GAAP measures as criteria for achievements. These non-GAAP measures are not in accordance with U.S. GAAP and may differ from non- GAAP methods of accounting and reporting used by other companies. However, we believe these non-GAAP measures provide additional information that enables readers to evaluate our business from the perspective of management. The presentation of this additional information should not be considered a substitute for results prepared in accordance with U.S. GAAP.
The non-GAAP results presented below exclude the impact of non-cash related charges, such as stock-based compensation and amortization of intangible assets. In addition, they exclude discontinued operations and other nonrecurring items such as acquisition-related costs and restructuring expenses, as they are not indicative of future performance. The tax effect of our non-GAAP adjustments represents the anticipated annual tax rate applied to each non-GAAP adjustment after consideration of their respective book and tax treatments and effect of adoption of the Tax Act.
Table:
Reconciliation of Non-GAAP measure - operating expenses and operating income from continuing operations, excluding certain items (in thousands) | Years Ended December 31, | 
 | 2019 | 2018
Gross profit from continuing operations, as reported | $ 315,652 | $365,607
Adjustments to gross profit: |  | 
Stock-based compensation | 525 | 742
Facility expansion and relocation costs | 3,891 | 1,328
Acquisition-related costs | 8,290 | 569
Non-GAAP gross profit | 328,358 | 368,246
Non-GAAP gross margin | 41.6% | 51.2%
Operating expenses from continuing operations, as reported | 261,264 | 194,054
Adjustments: |  | 
Amortization of intangible assets | (12,168) | (5,774)
Stock-based compensation | (6,803) | (8,961)
Acquisition-related costs | (12,002) | (1,726)
Facility expansion and relocation costs | (948) | (518)
Restructuring charges | (5,038) | (4,239)
Non-GAAP operating expenses | 224,305 | 172,836
Non-GAAP operating income | $  104,053 | $  195,410


Question: What was the change in the Gross profit from continuing operations, as reported between 2018 and 2019?
Answer: -49955
Calculation: $315,652-$365,607