hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
21 Cash and Cash Equivalents
Cash at bank earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.
Table:
 | 31 March 2019 | 31 March 2018
 | $M | $M
Cash at bank and in hand | 134.3 | 67.2
Short-term deposits | 37.8 | 52.8
Total cash and cash equivalent | 172.1 | 120.0


Question: In which year was the amount of short-term deposits larger?
Answer: 2018
Calculation: 37.8>52.8
Liquidity, Going Concern and Capital Resources
See Note 1 of our Notes to Consolidated Financial Statements for a discussion of liquidity.
Cash used in operating activities of continuing operations is presented below (in thousands).
We used $13.5 million in operating cash during 2019, compared to $5.2 million of operating cash in 2018. We also funded $4.4 million of capital expenditures in 2019, compared to $3.3 million in the prior year. These capital expenditures relate primarily to our capacity expansion and debottlenecking at Golden Ridge, leasehold improvements at our Riverside facility, and our specialty ingredients’ equipment in our Dillon plant. Offsetting these uses of cash was $19.4 million of proceeds from issuances of common stock and a prefunded warrant, as well as $2.2 million of proceeds from option and warrant exercises.
As of December 31, 2019, our cash and cash equivalents balance was $8.4 million (see Note 1), compared to $7.0 million and $0.2 million of restricted cash as of December 31, 2018. As of December 31, 2019, management believes the Company has sufficient capital reserves and borrowing capacity to fund the operations of the business; however, we may seek external sources of funding for investment initiatives and/or general operations if we determine that is the best course of action.
Table:
 | Year Ended December 31 | 
 | 2019 | 2018
Cash flow from operating activities of continuing operations: |  | 
Loss from continuing operations | $ (13,735) | $ (8,101)
Adjustments to reconcile net loss to net cash used in operating activities: |  | 
Depreciation and amortization | 1,930 | 773
Stock and share-based compensation | 1,360 | 886
Settlement with Sellers of Golden Ridge | ( 849) | -
Provision for bad debts | 472 | -
Other | 13 | (14)
Changes in operating assets and liabilities: |  | 
Accounts receivable | (1,102) | 331
Inventories | 332 | (138)
Accounts payable and accrued expenses | (296) | 935
Commodities payable | (1,340) | 176
Other | (235) | (89)
Net cash used in operating activities of continuing operations | $(13,450) | $(5,241)


Question: What is the average loss from continuing operations in 2018 and 2019?
Answer: 10918
Calculation: (8,101 + 13,735)/2
18. Revenue
Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company recognizes revenue over time for the majority of its contracts with customers which results in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers continues to be recognized at a point in time, similar to recognition prior to the adoption of the standard.
Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs are recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates.
The Company adopted ASU 2014-09 using the modified retrospective method by applying the guidance to all open contracts upon adoption and recorded a cumulative effect adjustment as of September 1, 2018, net of tax,  effect adjustment (in thousands):
(1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
(2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
(3) Included within accrued expenses on the Consolidated Balance Sheets.
(4) Differences included in contract liabilities as of September 1, 2018.
Table:
 | Balance as of August 31, 2018 | Adjustments due to adoption of ASU 2014-09 | Balance as of September 1, 2018
Assets |  |  | 
Contract assets(1) | $— | $591,616 | $591,616
Inventories, net(1) | $3,457,706 | $(461,271) | $2,996,435
Prepaid expenses and other current assets(1)(2) | $1,141,000 | $(37,271) | $1,103,729
Deferred income taxes(1)(2) | $218,252 | $(8,325) | $209,927
Liabilities |  |  | 
Contract liabilities(2)(3) | $— | $690,142 | $690,142
Deferred income(2)(3)(4) | $691,365 | $(691,365) | $—
Other accrued expenses(3)(4) | $1,000,979 | $40,392 | $1,041,371
Deferred income taxes(1) | $114,385 | $2,977 | $117,362
Equity |  |  | 
Retained earnings(1)(2) | $1,760,097 | $42,602 | $1,802,699


Question: What is the difference between the balance in September 2018 for contract assets and contract liabilities?
Answer: 98526
Calculation: 690,142-591,616
Net Pool Allocation: Net pool allocation decreased by $22.1 million, from a positive $17.8 million during the year ended December 31, 2018 to a negative $4.3 million during the year ended December 31, 2019. The decrease in net pool allocation was attributable to the movement in the adjustment of the net pool results generated by the GasLog vessels in accordance with the pool distribution formula for the total fleet of the pool, as well as GasLog’s vessels exiting the Cool Pool in June and July 2019. GasLog recognized gross revenues and gross voyage expenses and commissions of $45.3 million and $8.1 million, respectively, from the operation of its vessels in the Cool Pool during the year ended December 31, 2019 (December 31, 2018: $102.3 million and $10.2 million, respectively). GasLog’s total net pool performance is presented below:
Voyage Expenses and Commissions: Voyage expenses and commissions increased by 16.7%, or $3.4 million, from $20.4 million during the year ended December 31, 2018 to $23.8 million during the year ended December 31, 2019. The increase in voyage expenses and commissions is mainly attributable to an increase of $3.4 million in bunkers and voyage expenses consumed during certain unchartered and off-hire periods for the vessels trading in the spot market.
Table:
 | For the year ended | 
 | 2018 | 2019
Amounts in thousands of U.S. Dollars |  | 
Pool gross revenues (included in Revenues) | 102,253 | 45,253
Pool gross voyage expenses and commissions (included in Voyage expenses and commissions) | (10,154) | (8,086)
GasLog’s adjustment for net pool allocation (included in Net pool allocation) | 17,818 | (4,264)
GasLog’s total net pool performance | 109,917 | 32,903


Question: In which years was the total net pool performance recorded for?
Answer: 2018, 2019
Operating expenses
Sales and marketing expense decreased primarily due to a $51 million decrease in stock-based compensation expense and a $41 million decrease as a result of the divestiture of our WSS and PKI solutions.
Research and development expense decreased primarily due to a $66 million decrease in stockbased compensation expense.
General and administrative expense decreased primarily due to a $130 million decrease in stock-based compensation expense.
Amortization of intangible assets decreased primarily due to the intangible assets sold with the divestiture of WSS and PKI solutions.
Restructuring, transition and other costs reflect a decrease of $70 million in fiscal 2019 compared to fiscal 2018 in severance and other restructuring costs. In addition, fiscal 2018 costs included $88 million of transition related costs related to our fiscal 2018 divestiture of our WSS and PKI solutions compared to $3 million in fiscal 2019.
Table:
Fiscal Year |  |  | Variance in | 
 | 2019 | 2018 | Dollars | Percent
(In millions, except for percentages) |  |  |  | 
Sales and marketing | $1,493 | $1,593 | $(100) | (6)%
Research and development | 913 | 956 | (43) | (4)%
General and administrative | 447 | 574 | (127) | (22)%
Amortization of intangible assets | 207 | 220 | (13) | (6)%
Restructuring, transition and other costs | 241 | 410 | (169) | (41)%
Total | $3,301 | $3,753 | $(452) | (12)%


Question: Why did Amortization of intangible assets decrease primarily due to?
Answer: intangible assets sold with the divestiture of WSS and PKI solutions
The following table presents the effect of the adoption of the new revenue guidance on the Consolidated Statement of Operations for the fiscal year ended August 31, 2019 (in thousands):
(1) Differences primarily relate to the timing of revenue recognition for over-time customers and to the recovery of fulfillment costs.
(2) Differences primarily relate to the timing of cost recognition for over-time customers and the recognition of fulfillment costs.
Table:
 | Fiscal Year Ended | 
 | August 31, 2019 | 
 | As reported | Balance without the adoption of ASU 2014-09
Net revenue(1) | $25,282,320 | $24,864,754
Cost of revenue(2) | $23,368,919 | $23,057,603
Operating income | $701,356 | $595,105
Income tax expense | $161,230 | $164,054
Net income | $289,474 | $180,399


Question: What was the net revenue as reported?
Answer: $25,282,320
financial data supplement ( unaudited ) 2014 ( continued ) .

Table:
country | at december 31 2011 banks | at december 31 2011 governments | at december 31 2011 other | at december 31 2011 total
united kingdom | $ 13852 | $ 2 | $ 89585 | $ 103439
cayman islands | 766 | 2014 | 31169 | 31935
france | 23561 | 1096 | 4196 | 28853
japan | 23542 | 436 | 2821 | 26799
germany | 18674 | 3485 | 1859 | 24018
netherlands | 3508 | 23 | 8826 | 12357
luxembourg | 1619 | 94 | 6137 | 7850
brazil | 149 | 3398 | 2165 | 5712
australia | 2008 | 557 | 1414 | 3979
italy | 881 | 1463 | 539 | 2883
.

Question: are the japan banks larger than the german government?
Answer: yes
Calculation: greater(23542, 3485)
29. Related party transactions
The Group has a number of related parties including joint arrangements and associates, pension schemes and Directors and Executive Committee members (see note 12 “Investments in associates and joint arrangements”, note 24 “Post employment benefits” and note 22 “Directors and key management compensation”).
Transactions with joint arrangements and associates
Related party transactions with the Group’s joint arrangements and associates primarily comprise fees for the use of products and services including network airtime and access charges, fees for the provision of network infrastructure and cash pooling arrangements.
No related party transactions have been entered into during the year which might reasonably affect any decisions made by the users of these consolidated financial statements except as disclosed below.
Note: 1 Amounts arise primarily through VodafoneZiggo, Vodafone Idea, Vodafone Hutchison Australia and Cornerstone Telecommunications Infrastructure Limited. Interest is paid in line with market rates.
Dividends received from associates and joint ventures are disclosed in the consolidated statement of cash flows.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Sales of goods and services to associates | 27 | 19 | 37
Purchase of goods and services from associates | 3 | 1 | 90
Sales of goods and services to joint arrangements | 242 | 194 | 19
Purchase of goods and services from joint arrangements | 192 | 199 | 183
Net interest income receivable from joint arrangements1 | 96 | 120 | 87
Trade balances owed: |  |  | 
by associates | 1 | 4 | –
to associates | 3 | 2 | 1
by joint arrangements | 193 | 107 | 158
to joint arrangements | 25 | 28 | 15
Other balances owed by joint arrangements1 | 997 | 1,328 | 1,209
Other balances owed to joint arrangements1 | 169 | 150 | 127


Question: How much is the 2019 sales of goods and services to associates?
Answer: 27
7 Revenue
Revenue recognised in the Consolidated Statement of Profit or Loss is analysed as follows:
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018 Restated See note 2
Revenue by Product: | $M | $M
Network | 328.5 | 316.5
Enduser | 348.4 | 291.8
Other | 33.7 | 30.7
Total | 710.6 | 639.0


Question: What was the percentage change in Enduser in 2019 from 2018?
Answer: 19.4
Calculation: (348.4-291.8)/291.8
Note 9 – Leases
We have operating leases for office space, automobiles and various other equipment in the U.S. and in certain international locations. We also reviewed other contracts, such as manufacturing agreements and service agreements, for potential embedded leases. We specifically reviewed these other contracts to determine whether we have the right to substantially all of the economic benefit from the use of any specified assets or the right to direct the use of any specified assets, either of which would indicate the existence of a lease.
As of December 31, 2019, our operating leases had remaining lease terms of one month to six years, some of which included options to extend the leases for up to nine years, and some of which included options to terminate the leases within three months. For those leases that are reasonably assured to be renewed, we have included the option to extend as part of our right of use asset and lease liability. Leases with an initial term of 12 months or less were not recorded on the balance sheet and lease expense for these leases is recognized on a straight-line basis over the lease term. Lease expense related to these short-term leases was $0.4 million for the twelve months ended December 31, 2019, and is included in cost of sales, selling, general and administrative expenses and research and development expenses in the Consolidated Statements of Income. Lease expense related to variable lease payments that do not depend on an index or rate, such as real estate taxes and insurance reimbursements, was $0.9 million for the twelve months ended December 31, 2019. For lease agreements entered into or reassessed after the adoption of Topic 842, we elected to not separate lease and nonlease components. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Supplemental balance sheet information related to operating leases is as follows:
(1) Reflects the adoption of the new lease accounting standard on January 1, 2019.
Table:
(In thousands) | Classification | December 31, 2019 | January 1, 2019 (1)
Assets |  |  | 
Right of use lease assets | Other Assets | $8,452 | $10,322
Total lease asset |  | $8,452 | $10,322
Liabilities |  |  | 
Current lease liability | Accrued expenses | $2,676 | $2,948
Non-current lease liability | Other non-current liabilities | 5,818 | 7,374
Total lease liability |  | $8,494 | $10,322


Question: What was the current lease liability in December 2019?
Answer: $2,676
Subsequent to origination, the delinquency and write-off experience is monitored as key credit quality indicators for the portfolio of device payment plan agreement receivables and fixed-term service plans. The extent of collection efforts with respect to a particular customer are based on the results of proprietary custom empirically derived internal behavioral-scoring models that analyze the customer’s past performance to predict the likelihood of the customer falling further delinquent.
These customer-scoring models assess a number of variables, including origination characteristics, customer account history and payment patterns. Based on the score derived from these models, accounts are grouped by risk category to determine the collection strategy to be applied to such accounts.
Collection performance results and the credit quality of device payment plan agreement receivables are continuously monitored based on a variety of metrics, including aging. An account is considered to be delinquent and in default status if there are unpaid charges remaining on the account on the day after the bill’s due date.
At December 31, 2019 and 2018, the balance and aging of the device payment plan agreement receivables on a gross basis was as follows:
Table:
 | 2019 | 2018
Unbilled | $ 12,403 | $ 11,485
Billed: |  | 
Current | 815 | 641
Past due | 262 | 209
Device payment plan agreement receivables, gross | $ 13,480 | $ 12,335


Question: When is an account considered to be delinquent?
Answer: if there are unpaid charges remaining on the account on the day after the bill’s due date.
Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the amounts reported on the Consolidated Statements of Cash Flows (in thousands):
As of December 31, 2019 and 2018, restricted cash included a security deposit that is set aside in a bank account and cannot be withdrawn by the Company under the terms of a lease agreement. The restriction will end upon the expiration of the lease.
Table:
 | December 31, | 
 | 2019 | 2018
Cash and cash equivalents | $172,960 | $172,704
Restricted cash included in other long-term assets | 116 | 114
Total cash, cash equivalents and restricted cash reported on the Consolidated Statements of Cash Flows | $173,076 | $172,818


Question: What does the table provide?
Answer: a reconciliation of cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the amounts reported on the Consolidated Statements of Cash Flows
WebLife Balance, Inc.
On November 30, 2017 (the “WebLife Acquisition Date”), pursuant to the terms of a merger agreement, the Company acquired all shares of WebLife Balance, Inc. (“WebLife”), a browser isolation offerings vendor, to extend its advanced threat protection capabilities into personal email, while preserving the privacy of its users.
The Company has estimated fair values of acquired tangible assets, intangible assets and liabilities at the WebLife Acquisition Date. The results of operations and the fair values of the acquired assets and liabilities assumed have been included in the accompanying consolidated financial statements since the WebLife Acquisition Date.
At the WebLife Acquisition Date, the consideration transferred was $48,765, net of cash acquired of $278.
Per the terms of the merger agreement, unvested stock options held by WebLife employees were canceled and exchanged for the Company’s unvested awards. The fair value of $333 of these unvested options was attributed to pre-combination service and included in consideration transferred. The fair value of $1,468 was allocated to post-combination services. The unvested awards are subject to the recipient’s continued service with the Company, and $1,468 is recognized ratably as stock-based compensation expense over the required remaining service period. Also, as part of the merger agreement, 107 shares of the Company’s common stock were deferred for certain key employees with the total fair value of $9,652 (see Note 11 “Equity Award Plans”), which was not included in the purchase price. The deferred shares are subject to forfeiture if employment terminates prior to the lapse of the restrictions, and their fair value is expensed as stock-based compensation expense over the remaining period.
Proofpoint, Inc. Notes to Consolidated Financial Statements (Continued) (dollars and share amounts in thousands, except per share amounts)
The following table summarizes the fair values of tangible assets acquired, liabilities assumed, intangible assets and goodwill:
Table:
 |  | Estimated
 |  | Useful Life
 | Fair value | (in years)
Current assets | $534 | N/A
Fixed assets | 23 | N/A
Liabilities | (88) | N/A
Deferred revenue | (700) | N/A
Customer relationships | 600 | 5
Core/developed technology | 16,600 | 5
Deferred tax liability, net | (4,440) | N/A
Goodwill | 36,514 | Indefinite
 | $49,043 | 


Question: What is the amount of net cash acquired at the WebLife Acquisition Date?
Answer: $278
18. Revenue
Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company recognizes revenue over time for the majority of its contracts with customers which results in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers continues to be recognized at a point in time, similar to recognition prior to the adoption of the standard.
Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs are recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates.
The following table presents the effect of the adoption of the new revenue guidance on the Consolidated Balance Sheets as of August 31, 2019 (in thousands):
(1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
(2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
(3) Included within accrued expenses on the Consolidated Balance Sheets.
(4) Differences included in contract liabilities as of September 1, 2018.
Table:
 | August 31, 2019 | 
 | As reported | Balance without the adoption of ASU 2014-09
Assets |  | 
Contract assets (1) | $911,940 | $—
Inventories, net (1) | $3,023,003 | $3,761,591
Prepaid expenses and other current assets(1)(2) | $501,573 | $514,769
Deferred income taxes(1) | $198,827 | $202,791
Liabilities |  | 
Contract liabilities(2)(3) | $511,329 | $—
Deferred income(2)(3)(4) | $— | $521,035
Other accrued expenses(3)(4) | $1,877,908 | $1,868,201
Deferred income taxes(1) | $115,818 | $111,304
Equity |  | 
Retained earnings(1)(2) | $2,037,037 | $1,885,360


Question: What was the change in Prepaid expenses and other current assets due to the adoption of ASU 2014-09?
Answer: -13196
Calculation: 501,573-514,769