hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The amount of our operating expenses increased by $43 million on a sequential basis, mainly driven by seasonality and salary dynamic.
On a year-over-year basis, our operating expenses increased by $42 million, mainly due to salary dynamic and increased spending on certain R&D programs, partially offset by favorable currency effects, net of hedging.
Fourth quarter 2019 R&D expenses were net of research tax credits in France and Italy, which amounted to $37 million, compared to $29 million in the third quarter of 2019 and $39 million in the fourth quarter of 2018.
Table:
 |  | Three Months Ended |  | % Variation | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018 | Sequential | Year-Over-Year
 |  |  | (Unaudited, in millions) |  | 
Selling, general and administrative expenses | $(285) | $(267) | $(285) | (6.3)% | 0.4%
Research and development expenses | (387) | (362) | (345) | (7.0) | (12.3)
Total operating expenses | $(672) | $(629) | $(630) | (6.7)% | (6.6)%
As percentage of net revenues | (24.4)% | (24.7)% | (23.8)% | +30 bps | -60 bps


Question: What is the average Selling, general and administrative expenses for the period December 31, 2019 and September 29, 2019?
Answer: 276
Calculation: (285+267) / 2
Note 13. INCOME TAXES
In the year ended December 29, 2019, our income tax provision of $26.6 million on a profit before income taxes and equity in earnings (losses) of unconsolidated investees of $26.0 million was primarily due to tax expense in foreign jurisdictions that were profitable. In the year ended December 30, 2018, our income tax provision of $1.0 million on a loss before income taxes and equity in earnings of unconsolidated investees of $898.7 million was primarily due to tax expense in foreign jurisdictions that were profitable, offset by tax benefit related to release of valuation allowance in a foreign jurisdiction, and by a release of tax reserves due to lapse of statutes of limitation.
The geographic distribution of income (loss) from continuing operations before income taxes and equity earnings (losses) of unconsolidated investees and the components of provision for income taxes are summarized below:
Table:
 |  | Fiscal Year | 
(In thousands) | December 29, 2019 | December 30, 2018 | December 31, 2017
Geographic distribution of income (loss) from continuing operations before income taxes and equity in earnings of unconsolidated investees: |  |  | 
U.S. loss | $(84,071) | $(778,316) | $(1,242,000)
Non-U.S. income (loss) | 110,040 | (120,355) | 41,250
Income (loss) before income taxes and equity in earnings (loss) of unconsolidated investees | $25,969 | $(898,671) | $(1,200,750)
Provision for income taxes: |  |  | 
Current tax (expense) benefit |  |  | 
Federal | $(328) | $(1,155) | $6,816
State | (370) | (553) | 6,575
Foreign | (24,588) | (4,100) | (12,074)
Total current tax (expense) benefit | (25,286) | (5,808) | 1,317
Deferred tax (expense) benefit |  |  | 
Federal | (100) | — | —
State | — | — | 1,450
Foreign | (1,245) | 4,798 | 1,177
Total deferred tax (expense) benefit | (1,345) | 4,798 | 2,627
(Provision for) benefit from income taxes | (26,631) | $(1,010) | $3,944


Question: In which years was the income taxes recorded for?
Answer: 2019, 2018, 2017
Summary Disclosures about Contractual Obligations and Commercial Commitments
Our material capital commitments consist of obligations under facilities and operating leases. Some of these leases have free or escalating rent payment provisions. We recognize rent expense under leases on a straight-line basis. We anticipate that we will experience an increase in our capital expenditures and lease commitments as a result of our anticipated growth in operations, infrastructure, personnel and resources devoted to building our brand name.
The following table summarizes our obligations as of March 31, 2019 (dollars in thousands):
We generally do not enter into binding purchase obligations. The purchase obligations above relate primarily to marketing and IT services. The contractual obligations table above excludes unrecognized tax benefits, plus related interest and penalties totaling $1.1 million because we cannot reasonably estimate in which future periods these amounts will ultimately be settled.
We have certain software royalty commitments associated with the shipment and licensing of certain products. Royalty expense is generally based on a fixed cost per unit shipped or a fixed fee for unlimited units shipped over a designated period. Royalty expense, included in cost of software and products revenues was $12.3 million in fiscal 2019 and $4.5 million million in fiscal 2018.
We offer a 90-day limited product warranty for our software. To date, costs relating to this product warranty have not been material.
Table:
 |  |  | Payments Due by Period |  | 
 | Total | Less Than 1 Year | 2-3 Years | 4-5 Years | More Than 5 Years
Operating lease obligations | $23,673 | $9,008 | $10,907 | $2,827 | $931
Purchase obligations | 20,520 | 16,748 | 3,669 | 103 | —
Total | $44,193 | $25,756 | $14,576 | $2,930 | $931


Question: What is the amount of purchase obligations due in the next 3 years?
Answer: 20417
Calculation: 16,748+3,669
Liquidity and Capital Resources
Our principal sources of liquidity are cash and cash equivalents, investments and accounts receivable. The following table shows net cash provided by operating activities, net cash used in investing activities, and net cash provided by (used in) financing activities for the years ended March 31, 2019, 2018 and 2017:
In November 2015, we raised net proceeds of $68.3 million in our initial public offering after deducting underwriting discounts and commissions and offering expenses paid by us. In the years ended March 31, 2019, 2018 and 2017, we incurred operating losses of $1.2 million, $7.0 million and $10.4 million, respectively. While we expect to generate an operating loss in the year ending March 31, 2020, we expect to continue to generate positive cash flows from operating activities.
In the year ending March 31, 2020, we plan to continue to invest in the development and expansion of our Mime | OS™ platform to improve on our existing solutions in order to provide more capabilities to our customers. Investments in capital expenditures in the year ended March 31, 2019 were $28.8 million of which $25.8 million related to the expansion of our grid architecture.
We expect fiscal year 2020 capital expenditures to increase significantly as we expect to incur one-time costs related to the build out and expansion of facilities in the U.K. and other locations and additional data center expansion primarily in the U.S.
As of March 31, 2019 and 2018, we had cash, cash equivalents and investments of $173.5 million and $137.2 million, respectively. Based on our current operating plan, we believe that our current cash and cash equivalents, investments and operating cash flows will be sufficient to fund our operations for at least the next twelve months. Our future capital requirements may vary materially from those planned and will depend on certain factors, such as our growth and our operating results.
If we require additional capital resources to grow our business or to acquire complementary technologies and businesses in the future, we may seek to sell additional equity or raise funds through debt financing or other sources. We may also seek to invest in or acquire complement ary businesses, applications or technologies, any of which could also require us to seek additional equity or debt financing.
We cannot provide assurance that additional financing will be available at all or on terms favorable to us. We had no material commitments for capital expenditures as of March 31, 2019 or 2018.
Table:
 |  | Year ended March 31,  | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Net cash provided by operating activities | $66,235 | $46,412 | $32,514
Net cash used in investing activities | (121,324) | (35,019) | (84,615)
Net cash provided by (used in) financing activities | 116,985 | 13,156 | (332)


Question: What was the Net cash provided by operating activities in 2019, 2018 and 2017 respectively?
Answer: $66,235, $46,412, $32,514
RSU Activity We grant RSUs, which represent the right to receive shares of our common stock. Vesting for RSUs is contingent upon the holders’ continued employment with us and may be subject to other conditions (which may include the satisfaction of a performance measure). Also, certain of our performance-based RSUs include a range of shares that may be released at vesting which are above or below the targeted number of RSUs based on actual performance relative to the grant date performance measure. If the vesting conditions are not met, unvested RSUs will be forfeited. Upon vesting of the RSUs, we may withhold shares otherwise deliverable to satisfy tax withholding requirements.
The following table summarizes our RSU activity with performance-based RSUs presented at the maximum potential shares that could be earned and issued at vesting (amounts in thousands except per share amounts):
Certain of our performance-based RSUs did not have an accounting grant date as of December 31, 2019, as there is not a mutual understanding between the Company and the employee of the performance terms. Generally, these performance terms relate to operating income performance for future years where the performance goals have not yet been set. As of December 31, 2019, there were 3.2 million performance-based RSUs outstanding for which the accounting grant date has not been set, of which 1.9 million were 2019 grants. Accordingly, no grant date fair value was established and the weighted average grant date fair value calculated above for 2019 grants excludes these RSUs.
At December 31, 2019, approximately $96 million of total unrecognized compensation cost was related to RSUs and is expected to be recognized over a weighted-average period of 1.64 years. Of the total unrecognized compensation cost, $50 million was related to performance-based RSUs, which is expected to be recognized over a weighted-average period of 1.63 years. The total grant date fair value of vested RSUs was $147 million, $120 million and $64 million for the years ended December 31, 2019, 2018, and 2017, respectively.
The income tax benefit from stock option exercises and RSU vestings was $47 million, $94 million, and $160 million for the years ended December 31, 2019, 2018, and 2017, respectively.
Table:
 | Number of shares | Weighted-Average Grant Date Fair Value
Unvested RSUs at December 31, 2018 | 10,623 | $40.39
Granted | 4,426 | 45.55
Vested | (2,758) | 47.86
Forfeited | (2,963) | 54.61
Unvested RSUs at December 31, 2019 | 9,328 | $32.60


Question: What is the difference in the weighted-average grant date fair value between granted and forfeited RSUs?
Answer: 9.06
Calculation: 54.61-45.55
4.4 Operating costs
Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers.
Labour costs (net of capitalized costs) include wages, salaries and related taxes and benefits, post-employment benefit plans service cost, and other labour costs, including contractor and outsourcing costs
Other operating costs include marketing, advertising and sales commission costs, bad debt expense, taxes other than income taxes, IT costs, professional service fees and rent
BCE Total BCE operating costs declined by 0.5% in 2019, compared to last year, driven by reduced costs in Bell Media of 2.5%, while costs in Bell Wireless and Bell Wireline remained relatively stable year over year. These results reflected the benefit from the adoption of IFRS 16 in 2019.
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Bell Wireless | (5,300) | (5,297) | (3) | (0.1%)
Bell Wireline | (6,942) | (6,946) | 4 | 0.1%
Bell Media | (2,367) | (2,428) | 61 | 2.5%
Inter-segment eliminations | 751 | 738 | 13 | 1.8%
Total BCE operating costs | (13,858) | (13,933) | 75 | 0.5%


Question: What is the sum of Inter-segment eliminations in 2018 and 2019?
Answer: 1489
Calculation: 751+738
Note 6. Property and Equipment, Net
Furniture and fixtures, computer software and equipment, leasehold improvements and real property are recorded at cost and presented net of depreciation. We record land at historical cost. During the application development phase, we record capitalized development costs in our construction in progress account and then reclass the asset to internal-use software when the project is ready for its intended use, which is usually when the code goes into production. Furniture, fixtures and office equipment and computer software and hardware are depreciated on a straight-line basis over lives ranging from three to five years. Internal-use software is amortized on a straight-line basis over a three-year period. Leasehold improvements are amortized on a straight-line basis over the shorter of the lease terms or the asset lives. Real property is amortized on a straightline basis over lives ranging from 15 to 39 years.
The components of property and equipment, net are as follows (in thousands):
Depreciation expense related to property and equipment for the years ended December 31, 2019, 2018 and 2017 was $5.9 million, $5.7 million and $5.4 million, respectively. Amortization expense related to internal-use software of $1.9 million, $0.8 million and $0.4 million was included in those expenses for the years ended December 31, 2019, 2018 and 2017, respectively. We had no disposals and write-offs of property and equipment that impacted the consolidated statements of operations during the year ended December 31, 2019. Within the Alarm.com segment, we disposed of and wrote off $1.4 million and $0.8 million of capitalized costs to research and development expenses within the consolidated statements of operations primarily related to the design of internal-use software that no longer met the requirements for capitalization during the years ended December 31, 2018 and 2017, respectively. In December 2019, we purchased land and a commercial building located in Liberty Lake, Washington for $5.1 million. Once renovations are complete, this building will be used by OpenEye for sales and training, research and development, warehousing and administrative purposes.
Table:
 | December 31, | 
 | 2019 | 2018
Furniture, fixtures and office equipment | $5,604 | $4,102
Computer software and hardware | 17,767 | 16,228
Internal-use software | 8,949 | 5,072
Construction in progress | 4,232 | 3,790
Leasehold improvements | 23,223 | 18,338
Real property | 4,917 | 707
Land | 1,398 | 508
Total property and equipment | 66,090 | 48,745
Accumulated depreciation | (27,542) | (20,988)


Question: What was the depreciation expense related to property and equipment for the years ended December 31, 2019?
Answer: $5.9 million
entergy mississippi , inc . management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 23.4 million primarily due to a lower effective income tax rate . 2010 compared to 2009 net income increased $ 6.0 million primarily due to higher net revenue and higher other income , partially offset by higher taxes other than income taxes , higher depreciation and amortization expenses , and higher interest expense . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .

Table:
 | amount ( in millions )
2010 net revenue | $ 555.3
volume/weather | -4.5 ( 4.5 )
transmission equalization | 4.5
other | -0.4 ( 0.4 )
2011 net revenue | $ 554.9
the volume/weather variance is primarily due to a decrease of 97 gwh in weather-adjusted usage in the residential and commercial sectors and a decrease in sales volume in the unbilled sales period .
the transmission equalization variance is primarily due to the addition in 2011 of transmission investments that are subject to equalization .
gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 57.5 million in gross wholesale revenues due to an increase in sales to affiliated customers , partially offset by a decrease of $ 26.9 million in power management rider revenue .
fuel and purchased power expenses increased primarily due to an increase in deferred fuel expense as a result of higher fuel revenues due to higher fuel rates , partially offset by a decrease in the average market prices of natural gas and purchased power. .

Question: based on the review of the net revenue changes what was ratio of the volume/weather to the transmission equalization
Answer: -1
Calculation: divide(-4.5, 4.5)
Exposures The maximum credit risk exposure of the group’s financial assets at the balance sheet date is as follows:
The carrying amount excludes £445m (2017/18: £317m, 2016/17: £360m) of non-current trade and other receivables which relate to non-financial assets, and £1,456m (2017/18: £1,496m, 2016/17: £1,106m) of prepayments, deferred contract costs and other receivables.
Table:
 | Notes | 2019 | 2018 | 2017
At 31 March Notes |  | £m | £m | £m
Derivative financial assets |  | 1,592 | 1,509 | 2,246
Investments | 23 | 3,268 | 3,075 | 1,564
Trade and other receivables a | 17 | 1,766 | 2,518 | 2,729
Contract assets | 6 | 1,602 | – | –
Cash and cash equivalents | 24 | 1,666 | 528 | 528
 |  | 9,894 | 7,630 | 7,067


Question: What is the change in the Derivative financial assets from 2018 to 2019?
Answer: 83
Calculation: 1,592 - 1,509
Amounts recognised in the balance sheet are as follows:
The surplus of £2.2m (2018: £1.3m) has not been recognised as an asset as it is not deemed to be recoverable by the Group.
Table:
 | 2019 | 2018
 | £m | £m
Present value of funded obligations | 20.0 | 19.7
Fair value of plan assets | (22.2) | (21.0)
Effect of surplus cap | 2.2 | 1.3
Net asset recognised in the Consolidated balance sheet | – | –


Question: In which year was the Effect of surplus cap larger?
Answer: 2019
Calculation: 2.2>1.3
Actual STI Bonus Amounts Authorized. The actual amounts of the NEOs’ 2019 bonuses were calculated as
follows:
(1) Determined based on earned salary and applicable STI target bonus percentage during 2019 and includes pro-rations for any changes to salary and/or STI target bonus percentage described below.
a) Target Bonus Opportunity for Mr. Storey reflects his salary earned during 2019 of $1,800,011 and a STI target bonus percentage of 200%.
b) Target Bonus Opportunity for Mr. Dev reflects his salary earned during 2019 of $650,000 and a STI target bonus percentage of 120%.
c) Target Bonus Opportunity for Mr. Goff reflects his salary earned during 2019 of $600,018 and a STI target bonus percentage of 120%.
d) Target Bonus Opportunity for Mr. Trezise reflects his salary earned during 2019 with a salary increase, from $475,010 to $500,011, effective on February 23, 2019, and an increase of STI target bonus percentage from 80% to 90%, also effective on February 23, 2019.
e) Target Bonus Opportunity for Mr. Andrews reflects his salary earned during 2019 with a salary increase, from $425,006 to $525,000, effective on August 21, 2019, and a STI target bonus percentage of 100%.
(2) Calculated or determined as discussed above under “—2019 Performance Results.”
(3) Determined based on achievement of individual performance objectives as described further above in this Subsection.
Committee Discretion to Pay in Cash or Shares. The Committee may authorize the payment of annual bonuses in cash or shares of common stock. Since 2000, the Committee has paid these bonuses entirely in cash, principally to diversify our compensation mix and to conserve shares in our equity plans.
Recent Actions (February 2020). In connection with establishing targets for the 2020 STI program, the Committee increased Mr. Dev’s STI Target Bonus Percentage to 125%, in light of his position to market and performance as CFO, and made no changes to the target bonus percentage for any of our other NEOs.
Table:
 | 2019 STI Bonus Amounts |  |  |  |  |  | 
Named Officer | Target Bonus Opportunity (1) | X | Company Performance % (2) | X | Discretionary Adjustment for Individual Performance(3) | = | STI Bonus Amount
Current Executives: |  |  |  |  |  |  | 
Jeffrey K. Storey | $3,600,022 |  | 97% |  | 100% |  | $3,492,021
Indraneel Dev | 780,000 |  | 97% |  | 110% |  | 832,260
Stacey W. Goff | 720,021 |  | 97% |  | 100% |  | 698,420
Scott A. Trezise | 439,654 |  | 97% |  | 110% |  | 469,111
Shaun C. Andrews | 461,442 |  | 97% |  | 110% |  | 492,359


Question: What is the percentage change of Scott A. Trezise's salary increase?
Answer: 5.26
Calculation: ($500,011-$475,010)/$475,010
Other Income/Expense
The following table details our other income/expenses for the years ended September 30, 2019 and 2018:
The decrease to other income (expenses) for the fiscal year ended September 30, 2019 as compared to the fiscal year ended September 30, 2018 was primarily driven by a decrease in Other income, net of $0.3 mil.
Table:
 | For the year ended |  | 
 | September 30, 2019 | September 30, 2018 | Increase (Decrease)
 | (Amounts in thousands) |  | 
Interest expense | $(99) | $(85) | $(14)
Interest income | 323 | 20 | 303
Foreign exchange gain (loss) | 157 | 263 | (106)
Other income, net | 3 | 297 | (294)
Total other income (expense), net | $384 | $495 | $(111)


Question: What is the company's percentage change in total other income between 2018 and 2019?
Answer: -22.42
Calculation: - $111/$495 * 1
Issuer Purchases of Equity Securities
(i) Includes 3,416 shares that have been withheld by the Company to satisfy its tax withholding and remittance obligations in connection with the vesting of restricted stock awards. In addition, the Company exercised a pro-rata portion of the 2022 convertible note hedges (described in Note 12, Indebtedness, of the Notes to the Consolidated Financial Statements) to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 3,643,165 shares of the Company’s Class A common stock from the counterparties in October of 2018.
(ii) Excludes the shares received through the exercise of the note hedges.
(iii) The Company exercised a pro-rata portion of the 2022 convertible note hedges to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 1,096,773 shares of the Company’s Class A common stock from the counterparties in November of 2018.
Table:
Period | Total number of Shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs
October 1 to October 31 | 3,646,581 (i) | 97.28 (ii) | — | —
November 1 to November 30 | 1,096,773 (iii) | — (ii) | — | —
December 1 to December 31 | — | — | — | —
Total | 4,743,354 | 97.28 (ii) | — | —


Question: What is the percentage amount of the number of shares purchased in October?
Answer: 76.88
Calculation: 3,646,581 / 4,743,354
Foreign exchange earnings and outgo
Export revenue constituted 93.3 percent of the total unconsolidated revenue in FY 2019 (92.2 percent in FY 2018).
Table:
 |  | (` crore)
Foreign exchange earnings and outgo | FY 2019 | FY 2018
a. Foreign exchange earnings | 119,499 | 92,258
b. CIF Value of imports | 447 | 768
c.Expenditure in foreign currency | 49,336 | 33,014


Question: What portion of total unconsolidated revenue in FY 2018 constitutes of export revenue?
Answer: 92.2