hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Short-term borrowings and current portion of long-term obligations consist of the following (in thousands):
(1) Net of debt issuance costs of $4.6 million and $4.7 million at September 28, 2019 and September 29, 2018, respectively.
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Current portion of Euro Term Loan(1) | $2,748 | $3,092
1.3% Term loan due 2024 | 1,367 | 1,448
1.0% State of Connecticut term loan due 2023 | 378 | 374
Capital lease obligations | 370 | 158
Line of credit borrowings | 10,000 | —
Total current portion of long-term obligations | $14,863 | $5,072


Question: In which year was the 1.0% State of Connecticut term loan due 2023 larger?
Answer: 2019
Calculation: 378>374
Note 10 – Income taxes
The provision (benefit) for income taxes consists of the following:
Table:
 | For the Years Ended December 31, | 
 | 2019 | 2018
Current: |  | 
Federal | $ (27) | $ (13 )
State and local | 276 | 249
Total current | 249 | 236
Deferred | 533 | (461)
Provision (benefit) for income taxes | $ 782 | $ (225)


Question: What is the percentage change in provisions (benefit) for state and local income taxes between 2018 and 2019?
Answer: 10.84
Calculation: (276-249)/249
15 Goodwill and other intangible assets continued
Impairment
In accordance with the requirements of IAS 36 (Impairment of Assets), goodwill is allocated to the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the business combination that gave rise to the goodwill.
During 2019, we performed a review on the basis of identification of our individual CGUs. As a result of this review, we have consolidated a number of our current individual CGUs into groups of CGUs that represent the lowest level to which goodwill is monitored for internal management purposes, being each operating segment as disclosed in Note 3. As a result, we performed an impairment review at an operating segment CGU level, the breakdown of the goodwill value at 31st December across these is shown below:
In order to complete the transition to performing goodwill impairment reviews at an operating segment level, we also performed a goodwill impairment review as at 31st December 2019 under the historical CGU basis. The result of this impairment review led to an impairment of £4.2m being recognised in respect of Watson-Marlow FlowSmart. No other impairment was recognised.
The goodwill balance has been tested for annual impairment on the following basis:
• the carrying values of goodwill have been assessed by reference to value in use. These have been estimated using cash flows based on forecast information for the next financial year which have been approved by the Board and then extended up to a further 9 years based on the most recent forecasts prepared by management; • pre-tax discount rates range from 11-12% (2018: 10-15%); • short to medium-term growth rates vary between 3-8% depending on detailed forecasts (2018: 2-8%). The range in rates excludes the annualised impact of owning Thermocoax for a first full year in 2020. The short to medium-term is defined as not more than 10 years; and • long-term growth rates are set using IMF forecasts and vary between 1.8-2.5% (2018: 0.8-3.0%).
Table:
 | 2019 Goodwill | 2018 Goodwill
 | £m | £m
Steam Specialties | 113.0 | 119.3
Electric Thermal Solutions | 244.7 | 183.0
Watson-Marlow | 60.0 | 65.7
Total goodwill | 417.7 | 368.0


Question: What was consolidated as a result of the review on the basis of identification of the individual CGUs?
Answer: a number of our current individual CGUs into groups of CGUs that represent the lowest level to which goodwill is monitored for internal management purposes, being each operating segment as disclosed in Note 3
Transactions involving stock options issued to employees are summarized as follows:
The expected life of awards granted represents the period of time that they are expected to be outstanding. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules, exercise patterns and pre-vesting and post-vesting forfeitures. The Company estimates the volatility of the Company’s common stock based on the calculated historical volatility of the Company’s common stock using the share price data for the trailing period equal to the expected term prior to the date of the award. The Company bases the risk-free interest rate used in the Black-Scholes option valuation model on the implied yield currently available on U.S. Treasury zero-coupon issues with an equivalent remaining term equal to the expected life of the award. The Company has not paid any cash dividends on the Company’s common stock and does not anticipate paying any cash dividends in the foreseeable future. Consequently, the Company uses an expected dividend yield of zero in the Black-Scholes option valuation model. The Company uses historical data to estimate pre-vesting option forfeitures and records share-based compensation for those awards that are expected to vest. In accordance with ASC 718-10, the Company calculates share-based compensation for changes to the estimate of expected equity award forfeitures based on actual forfeiture experience.
Table:
 | Number of Shares | Weighted Average Exercise Price Per Share
Outstanding at January 1, 2018 | 4,376,474 | $0.16
Granted | 67,394 | 0.17
Exercised | – | –
Cancelled or expired | (1,094,075) | 0.14
Outstanding at December 31, 2018 | 3,349,793 | $0.16
Granted | – | –
Exercised | – | –
Cancelled or expired | – | –
Outstanding at December 31, 2019 | 3,349,793 | $0.16


Question: What is the change in the outstanding number of shares from December 31, 2018 to December 31, 2019?
Answer: 0
Calculation: 3,349,793-3,349,793
Liquidity and Capital Resources
We believe our ability to generate cash flows from operating activities is one of our fundamental financial strengths. In the near term, we expect our business and financial condition to remain strong and to continue to generate significant operating cash flows, which, we believe, in combination with our existing balance of cash and cash equivalents and short-term investments of $5.9 billion, our access to capital, and the availability of our $1.5 billion revolving credit facility, will be sufficient to finance our operational and financing requirements for the next 12 months. Our primary sources of liquidity, which are available to us to fund cash outflows such as potential dividend payments or share repurchases, and scheduled debt maturities, include our cash and cash equivalents, short-term investments, and cash flows provided by operating activities.
As of December 31, 2019, the amount of cash and cash equivalents held outside of the U.S. by our foreign subsidiaries was $2.8 billion, as compared to $1.4 billion as of December 31, 2018. These cash balances are generally available for use in the U.S., subject in some cases to certain restrictions.
Our cash provided from operating activities is somewhat impacted by seasonality. Working capital needs are impacted by weekly sales, which are generally highest in the fourth quarter due to seasonal and holiday-related sales patterns. We consider, on a continuing basis, various transactions to increase shareholder value and enhance our business results, including acquisitions, divestitures, joint ventures, share repurchases, and other structural changes. These transactions may result in future cash proceeds or payments.
Sources of Liquidity (amounts in millions)
Table:
 | For the Years Ended | December 31, | 
 | 2019 | 2018 | Increase (Decrease)
Net cash provided by operating activities | $1,831 | $1,790 | $41
Net cash used in investing activities | (22) | (230) | 208
Net cash used in financing activities | (237) | (2,020) | 1,783
Effect of foreign exchange rate changes | (3) | (31) | 28
Net increase (decrease) in cash and cash equivalents and restricted cash | $1,569 | $(491) | $2,060


Question: What is the increase(decrease) in Net cash provided by operating activities as a percentage of Increase (Decrease) of Net cash used in investing activities?
Answer: 19.71
Calculation: 41/208
Contract Balances
A contract asset will be recorded if we have recognized revenue but do not have an unconditional right to the related consideration from the customer. For example, this will be the case if implementation services offered in a cloud arrangement are identified as a separate performance obligation and are provided to a customer prior to us being able to bill the customer. In addition, a contract asset may arise in relation to subscription licenses if the license revenue that is recognized upfront exceeds the amount that we are able to invoice the customer at that time. Contract assets are reclassified to accounts receivable when the rights become unconditional.
The balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated below were as follows:
The difference in the opening and closing balances of our contract assets and deferred revenues primarily results from the timing difference between our performance and the customer’s payments. We fulfill our obligations under a contract with a customer by transferring products and services in exchange for consideration from the customer. During the year ended June 30, 2019, we reclassified $19.2 million of contract assets to receivables as a result of the right to the transaction consideration becoming unconditional. During the year ended June 30, 2019, there was no significant impairment loss recognized related to contract assets.
We recognize deferred revenue when we have received consideration or an amount of consideration is due from the customer for future obligations to transfer products or services. Our deferred revenues primarily relate to customer support agreements which have been paid for by customers prior to the performance of those services. The amount of revenue that was recognized during the year ended June 30, 2019 that was included in the deferred revenue balances at July 1, 2018 was approximately $617 million.
Table:
 | As of June 30, 2019 | As of July 1, 2018
Short-term contract assets | $20,956 | $5,474
Long-term contract assets | $15,386 | $12,382
Short-term deferred revenue | $641,656 | $618,197
Long-term deferred revenue | $46,974 | $64,743


Question: What does this table represent?
Answer: balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated
15. Product Warranties
The Company generally provides its customers with a one-year warranty regarding the manufactured quality and functionality of its products. For some limited products, the warranty period has been extended. The Company establishes warranty reserves based on its product history, current information on repair costs and annual sales levels. As of April 30, 2019, and 2018, respectively, changes in the carrying amount of accrued product warranty costs, reported in accrued expenses on the consolidated balance sheet, were as follows (in thousands):
Table:
 | 2019 | 2018
Balance at beginning of year | $520 | $557
Warranty costs incurred | (398) | (40)
Product warranty accrual | 407 | 3
Balance at end of year | $529 | $520


Question: What is the ending balance in 2019 and 2018 respectively?
Answer: $529, $520
Concentration of Credit Risk and Significant Customers
Financial instruments that potentially subject us to concentrations of credit risk consist of cash, cash equivalents, marketable securities and accounts receivable. Our cash, cash equivalents and marketable securities are held and invested in high-credit quality financial instruments by recognized financial institutions and are subject to minimum credit risk.
Our accounts receivable are unsecured and represent amounts due to us based on contractual obligations of our customers. We mitigate credit risk in respect to accounts receivable by performing periodic credit evaluations based on a number of factors, including past transaction experience, evaluation of credit history and review of the invoicing terms of the contract. We generally do not require our customers to provide collateral to support accounts receivable.
Significant customers, including distribution channel partners and direct customers, are those which represent 10% or more of our total revenue for each period presented or our gross accounts receivable balance as of each respective balance sheet date. Revenues from our significant customers as a percentage of our total revenue are as follows
*represents less than 10% of total revenue
As of December 31, 2019, two customers accounted for 17% and 12% of our total gross accounts receivable.
As of December 31, 2018, two customers accounted for 16% and 12% of our total gross accounts receivable
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Customer A (a distribution channel partner) | * | 14% | *
Customer B (a distribution channel partner) | 12% | 10% | *
Customer C (a distribution channel partner) | 14% | * | *


Question: What are some examples of financial instruments that can subject the company to credit risk?
Answer: cash, cash equivalents, marketable securities and accounts receivable
Selling, General and Administrative Expense
NM—Not meaningful
Total selling, general and administrative (SG&A) expense increased 6.4 percent in 2019 versus 2018, driven primarily by the following factors: • Higher spending (5 points) driven by Red Hat spending (5 points); and • Higher acquisition-related charges and amortization of acquired intangible assets associated with the Red Hat acquisition (3 points); partially offset by • The effects of currency (2 points).
Operating (non-GAAP) expense increased 3.4 percent year to year primarily driven by the same factors excluding the acquisition-related charges and amortization of acquired intangible assets associated with the Red Hat transaction.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Selling, general and administrative expense |  |  | 
Selling, general and administrative—other | $17,099 | $16,438 | 4.0%
Advertising and promotional expense | 1,647 | 1,466 | 12.3
Workforce rebalancing charges | 555 | 598 | (7.2)
Amortization of acquired intangible assets | 762 | 435 | 74.9
Stock-based compensation | 453 | 361 | 25.2
Bad debt expense | 89 | 67 | 32.5
Total consolidated selling, general and administrative expense | $20,604 | $19,366 | 6.4%
Non-operating adjustments |  |  | 
Amortization of acquired intangible assets | (762) | (435) | 74.9
Acquisition-related charges | (282) | (15) | NM
Operating (non-GAAP) selling, general and administrative expense | $19,560 | $18,915 | 3.4%


Question: What is the increase / (decrease) in the Stock-based compensation from 2018 to 2019?
Answer: 92
Calculation: 453 - 361
Comparison of Years Ended December 31, 2019 to December 31, 2018
The following tables in this section set forth our selected consolidated statements of operations (in thousands), data for the percentage change and data as a percentage of revenue for the years ended December 31, 2019 and 2018. Certain previously reported amounts in the consolidated statements of operations for the year ended December 31, 2018 have been reclassified to conform to our current presentation to reflect interest income as a separate line item, which was previously included in other income, net.
Cost of Revenue
(1) Excludes amortization and depreciation shown in operating expenses.
The $37.9 million increase in cost of revenue in 2019 as compared to 2018 was the result of a $32.8 million, or 32%, increase in cost of hardware and other revenue and a $5.1 million, or 11%, increase in cost of SaaS and license revenue. Our cost of software license revenue included within cost of SaaS and license revenue decreased $0.4 million to $1.3 million during 2019 as compared to $1.7 million during 2018. The increase in cost of Alarm.com segment hardware and other revenue related primarily to an increase in the number of hardware units shipped in 2019 as compared to 2018. The increase in cost of  corresponding increase in amounts paid to wireless network providers.
Cost of hardware and other revenue as a percentage of hardware and other revenue was 81% and 78% for the years ended December 31, 2019 and 2018, respectively. Cost of SaaS and license revenue as a percentage of SaaS and license revenue was 15% for each of the years ended December 31, 2019 and 2018. Cost of software license revenue as a percentage of software license revenue was 3% and 4% for the years ended December 31, 2019 and 2018, respectively. The increase in cost of hardware and other revenue as a percentage of hardware and other revenue in 2019 as compared to 2018 is a reflection of the mix of product sales during the periods.
Table:
 |  | Year Ended December 31, | % Change
2019 vs. 2018 | 2019 | 2018 | 2019 vs. 2018
Cost of revenue(1): |  |  | 
Cost of SaaS and license revenue | $50,066 | $44,933 | 11%
Cost of hardware and other revenue | 133,533 | 100,782 | 32%
Total cost of revenue | $183,599 | $145,715 | 26%
% of total revenue | 37% | 35% | 


Question: What was the Cost of hardware and other revenue in 2018?
Answer: 100,782
Selected Financial Data
• Significant events affecting our historical earnings trends in 2018 through 2019 are described in “Special Items” in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section.
• 2017 data includes severance, pension and benefit charges, gain on spectrum license transactions, acquisition and integration related charges, product realignment charges, net gain on sale of divested businesses and early debt redemption costs. 2016 data includes severance, pension and benefit charges, gain on spectrum license transactions, net gain on sale of divested businesses and early debt redemption costs. 2015 data includes severance, pension and benefit credits and gain on spectrum license transactions.
• On January 1, 2019, we adopted several Accounting Standards Updates (ASUs) that were issued by the Financial Accounting Standards Board (FASB) using the modified retrospective basis. On January 1, 2018, we adopted several ASUs that were issued by the FASB. These standards were adopted on different bases, including: (1) prospective; (2) full retrospective; and (3) modified retrospective.
Based on the method of adoption, certain figures are not comparable, with full retrospective reflected in all periods. See Note 1 to the consolidated financial statements for additional information.
Table:
 |  |  |  | (dollars in millions, except per share amounts) | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Results of Operations |  |  |  |  | 
Operating revenues | $131,868 | $130,863 | $ 126,034 | $ 125,980 | $ 131,620
Operating income | 30,378 | 22,278 | 27,425 | 29,249 | 30,615
Net income attributable to Verizon | 19,265 | 15,528 | 30,101 | 13,127 | 17,879
Per common share – basic | 4.66 | 3.76 | 7.37 | 3.22 | 4.38
Per common share – diluted | 4.65 | 3.76 | 7.36 | 3.21 | 4.37
Cash dividends declared per common share | 2.435 | 2.385 | 2.335 | 2.285 | 2.230
Net income attributable to noncontrolling interests | 523 | 511 | 449 | 481 | 496
Financial Position |  |  |  |  | 
Total assets | $ 291,727 | $ 264,829 | $ 257,143 | $ 244,180 | $ 244,175
Debt maturing within one year | 10,777 | 7,190 | 3,453 | 2,645 | 6,489
Long-term debt | 100,712 | 105,873 | 113,642 | 105,433 | 103,240
Employee benefit obligations | 17,952 | 18,599 | 22,112 | 26,166 | 29,957
Noncontrolling interests | 1,440 | 1,565 | 1,591 | 1,508 | 1,414
Equity attributable to Verizon | 61,395 | 53,145 | 43,096 | 22,524 | 16,428


Question: What was the change in operating revenues from 2017 to 2018?
Answer: 4829
Calculation: 130,863 - 126,034
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
The components of the prepaid (accrued) cost of the domestic and foreign pension plans are classified in the following lines in the Consolidated Balance Sheets at December 31:
Table:
 | U.S.Pension Plans |  | Non-U.S. Pension Plans | 
 | 2019 | 2018 | 2019 | 2018
Prepaid pension asset | $62,082 | $54,100 | $— | $—
Accrued expenses and other liabilities | (100) | (100) | — | —
Long-term pension obligations | (1,045) | (992) | (1,214) | (1,331)
Net prepaid (accrued) cost | $60,937 | $53,008 | $(1,214) | $(1,331)


Question: Which years does the table provide information for the components of the prepaid (accrued) cost of the domestic and foreign pension plans ?
Answer: 2019, 2018
lkq corporation and subsidiaries notes to consolidated financial statements ( continued ) note 5 . long-term obligations ( continued ) as part of the consideration for business acquisitions completed during 2007 , 2006 and 2005 , we issued promissory notes totaling approximately $ 1.7 million , $ 7.2 million and $ 6.4 million , respectively . the notes bear interest at annual rates of 3.0% ( 3.0 % ) to 6.0% ( 6.0 % ) , and interest is payable at maturity or in monthly installments . we also assumed certain liabilities in connection with a business acquisition during the second quarter of 2005 , including a promissory note with a remaining principle balance of approximately $ 0.2 million . the annual interest rate on the note , which was retired during 2006 , was note 6 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2007 are as follows ( in thousands ) : years ending december 31: .

Table:
2008 | $ 42335
2009 | 33249
2010 | 25149
2011 | 17425
2012 | 11750
thereafter | 28581
future minimum lease payments | $ 158489
rental expense for operating leases was approximately $ 27.4 million , $ 18.6 million and $ 12.2 million during the years ended december 31 , 2007 , 2006 and 2005 , respectively .
we guaranty the residual values of the majority of our truck and equipment operating leases .
the residual values decline over the lease terms to a defined percentage of original cost .
in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .
similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .
had we terminated all of our operating leases subject to these guaranties at december 31 , 2007 , the guarantied residual value would have totaled approximately $ 24.0 million .
litigation and related contingencies on december 2 , 2005 , ford global technologies , llc ( 2018 2018ford 2019 2019 ) filed a complaint with the united states international trade commission ( 2018 2018usitc 2019 2019 ) against keystone and five other named respondents , including four taiwan-based manufacturers .
on december 12 , 2005 , ford filed an amended complaint .
both the complaint and the amended complaint contended that keystone and the other respondents infringed 14 design patents that ford alleges cover eight parts on the 2004-2005 .

Question: what was the percentage change in rental expense from 2005 to 2006?
Answer: 52%
Calculation: subtract(18.6, 12.2), divide(#0, 12.2)