hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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 are the respective adjustments to depreciation and amortization in 2018 and 2019?
Answer: 773, 1,930
2019 vs 2018
SMB segment net revenue was flat for the year ended December 31, 2019 compared to the prior year, primarily due to a decline in net revenue of our
network storage products, substantially offset by growth in net revenue of our switch products. Geographically, net revenue grew in APAC, but declined in Americas and EMEA.
Contribution income decreased for the year ended December 31, 2019 compared to the prior year, primarily as a result of lower gross margin attainment, partially offset by lower operating expenses as a proportion of net revenue. Contribution margin decreased for the year ended December 31, 2019 compared to the prior year, primarily lower gross margin attainment mainly resulting from foreign exchange headwinds due to the strengthening of the U.S. dollar as well as higher provisions for sales returns.
2018 vs 2017
SMB segment net revenue increased for the year ended December 31, 2018 compared to the prior year, primarily due to growth in switches, partially offset by the decrease in network storage. SMB experienced growth in net revenue across all regions. SMB net revenue was further benefited by lower provisions for sales returns deemed to be a reduction of net revenue.
Contribution income increased for the year ended December 31, 2018 compared to the prior year, primarily due to increasing net revenue and improved gross margin performance not being met with proportionate increases in operating expense compared to the prior period.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | % Change | 2018 | % Change | 2017
 |  |  | (in thousands, except percentage data) |  | 
Net revenue | $287,372 | (0.1)% | $287,756 | 6.2% | $270,908
Percentage of net revenue | 28.8% |  | 27.2% |  | 26.1%
Contribution income | $67,282 | (4.1)% | $70,142 | 9.8% | $63,865
Contribution margin | 23.4% |  | 24.4% |  | 23.6%


Question: In which year is the contribution margin the highest?
Answer: 2018
Calculation: 24.4% > 23.6% > 23.4%
Contractual Obligations
Presented below is information about our material contractual obligations and the periods in which those future payments are due as of December 31, 2019. Future events could cause actual payments to differ from these estimates. As of December 31, 2019, the following table summarizes our contractual obligations and the effect such obligations are expected to have on our liquidity and cash flow in future periods (in thousands):
(1) The 2017 Facility incurs interest at a variable rate. The projected variable interest payments assume no change in the Eurodollar Base Rate, or LIBOR, from December 31, 2019.
(2) Represents the current portion of our expected cash payments for our liability to repurchase subsidiary unit awards for our professional residential property management and vacation rental management subsidiary.
(3) Represents amounts due under multi-year, non-cancelable contracts with third-party vendors, as well as other commitments.
The commitment amounts in the table above are associated with contracts that are enforceable and legally binding and that specify all significant terms, including fixed or minimum services to be used, fixed, minimum or variable price provisions, and the approximate timing of the actions under the contracts. The table does not include obligations under agreements that we can cancel without a significant penalty.
As of December 31, 2019, we had no outstanding letters of credit under our 2017 Facility.
Table:
Contractual Obligations | 1 Year | 2 to 3 Years | 4 to 5 Years | More Than 5 Years | Total
Debt: |  |  |  |  | 
Principal payments | $— | $63,000 | $— | $— | $63,000
Interest payments1 | 2,206 | 3,876 | — | — | 6,082
Unused line fee payments | 126 | 222 | — | — | 348
Operating lease commitments | 9,818 | 18,823 | 15,840 | 10,893 | 55,374
Subsidiary unit award liabilities2 | 141 | — | — | — | 141
Other long-term liabilities | — | 4,375 | 2,513 | 601 | 7,489
Other commitments 3 | 624 | 290 | — | — | 914
Total contractual obligations | $12,915 | $90,586 | $18,353 | $11,494 | $133,348


Question: What was unused line fee payments as a percentage of total contractual obligations across all periods?
Answer: 0.26
Calculation: 348/133,348
Revenue by Market The table below presents disaggregated net revenues by market (in thousands):
(1) Due to the adoption of ASC 606 on January 1, 2018 using the modified retrospective method, amounts prior to 2018 have not been adjusted to reflect the change to recognize certain distributor sales upon sale to the distributor, or the sell-in method, from recognition upon the Company's sale to the distributors' end customers, or the sellthrough method, which required the deferral of revenue and profit on such distributor sales.
Revenues from sales to the Company’s distributors accounted for 52%, 42% and 34% of net revenue for the years ended December 31, 2019, 2018 and 2017, respectively.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017(1)
Connected home | $152,674 | $207,336 | $288,610
% of net revenue | 48% | 54% | 69%
Infrastructure | 85,369 | 82,388 | 71,779
% of net revenue | 27% | 21% | 17%
Industrial and multi-market | 79,137 | 95,273 | 59,929
% of net revenue | 25% | 25% | 14%
Total net revenue | $317,180 | $384,997 | $420,318


Question: What was the revenue from sales to the Company's distributors from 2019, 2018 and 2017 respectively?
Answer: 52%, 42%, 34%
(1) Included in other long-term assets.
For certain other financial instruments, including accounts receivable, unbilled receivables, and accounts payable, the carrying value approximates fair value due to the relatively short maturity of these items.
Table:
 |  | December 31, 2018 |  | 
(in thousands) | Level 1 | Level 2 | Level 3 | Total
Cash equivalents | $10,155 | $10,000 | - | $20,155
Marketable securities: |  |  |  | 
Municipal bonds | $— | $44,705 | — | $44,705
Corporate bonds | — | $48,296 | — | $48,296
Total marketable securities | $— | $93,001 | — | $93,001
Investments in privately-held companies (1) | $— | — | $3,390 | $3,390


Question: What is the value of Level 1 cash equivalents as a percentage of the total cash equivalents?
Answer: 50.38
Calculation: 10,155/20,155
Our CODM evaluates each segment based on Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”), and we therefore consider Adjusted EBITDA to be a primary measure of operating performance of our operating segments. We define Adjusted EBITDA as earnings before investment income, interest expense, taxes, depreciation, amortization and stock-based compensation and other adjustments as identified below. The adjustments to our financial results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands):
It is not practicable for us to report identifiable assets by segment because these businesses share resources, functions and facilities
We do not have significant long-lived assets outside the United States.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Net income (loss) | $18,398 | $16,617 | $(7,904)
Investment income | (5,258) | (2,256) | (1,691)
Interest expense | 16,726 | 10,280 | 9,896
Income tax provision (benefits) | (1,330) | 10,681 | (1,563)
Depreciation and amortization | 20,016 | 22,957 | 23,469
Stock-based compensation | 11,029 | 9,298 | 7,833
Impairment loss and equity in net loss of affiliate | 6,787 | 1,411 | 1,284
Loss on extinguishment of debt | 2,033 | - | -
Acquisition and integration related expenses | 935 | - | 4,513
Non-recurring legal expenses, net of reversal of litigation |  |  | 
provision | (11,020) | 10,738 | 9,192
Gain on LoJack battery performance legal Settlement | (18,333) | (28,333) | -
Restructuring | 8,015 | - | -
Other | 217 | 989 | 4,339
Adjusted EBITDA | $48,215 | $52,382 | $49,368


Question: How much was restructuring in 2019?
Answer: 8,015
Unfunded Status
The following table presents the unfunded status of the Combined Pension Plan and post-retirement benefit plans:
The current portion of our post-retirement benefit obligations is recorded on our consolidated balance sheets in accrued expenses and other current liabilities-salaries and benefits.
Table:
 | Combined Pension Plan |  | Post-Retirement Benefit Plans | 
 | Years Ended December 31, |  | Years Ended December 31, | 
 | 2019 | 2018 | 2019 | 2018
 |  | (Dollars in millions) |  | 
Benefit obligation | $(12,217) | (11,594) | (3,037) | (2,977)
Fair value of plan assets | 10,493 | 10,033 | 13 | 18
Unfunded status | (1,724) | (1,561) | (3,024) | (2,959)
Current portion of unfunded status | — | — | (224) | (252)
Non-current portion of unfunded status | $(1,724) | (1,561) | (2,800) | (2,707)


Question: The unfunded statuses of which items are presented in the table?
Answer: Combined Pension Plan, Post-Retirement Benefit Plans
(d) Share-Based Awards Available for Grant
A summary of share-based awards available for grant is as follows (in millions):
For each share awarded as restricted stock or a restricted stock unit award under the 2005 Plan, 1.5 shares was deducted from the available share-based award balance. For restricted stock units that were awarded with vesting contingent upon the achievement of future financial performance or market-based metrics, the maximum awards that can be achieved upon full vesting of such awards were reflected in the preceding table.
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Balance at beginning of fiscal year | 245 | 272 | 242
Restricted stock, stock units, and other share-based awards granted | (67) | (70) | (76)
Share-based awards canceled/forfeited/expired | 18 | 18 | 78
Shares withheld for taxes and not issued | 23 | 25 | 28
Other | 1 | — | —
Balance at end of fiscal year | 220 | 245 | 272


Question: How many years did Shares withheld for taxes and not issued exceed $20 million?
Answer: 3
Calculation: 2019##2018##2017
in addition , included in the loan table are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup . in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield . accordingly , these loans have been excluded from the impaired loan information presented above . in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield . however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield . where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method . the carrying amount of the purchased distressed loan portfolio at december 31 , 2009 was $ 825 million net of an allowance of $ 95 million . the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2009 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance .

Table:
in millions of dollars | accretable yield | carrying amount of loan receivable | allowance
beginning balance | $ 92 | $ 1510 | $ 122
purchases ( 1 ) | 14 | 329 | 2014
disposals/payments received | -5 ( 5 ) | -967 ( 967 ) | 2014
accretion | -52 ( 52 ) | 52 | 2014
builds ( reductions ) to the allowance | -21 ( 21 ) | 1 | -27 ( 27 )
increase to expected cash flows | 10 | 2 | 2014
fx/other | -11 ( 11 ) | -7 ( 7 ) | 2014
balance december 31 2009 ( 2 ) | $ 27 | $ 920 | $ 95
( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 87 million of purchased loans accounted for under the level-yield method and $ 242 million under the cost-recovery method .
these balances represent the fair value of these loans at their acquisition date .
the related total expected cash flows for the level-yield loans were $ 101 million at their acquisition dates .
( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 561 million of loans accounted for under the level-yield method and $ 359 million accounted for under the cost-recovery method. .

Question: what is the percent of the purchased loans accounted for under the level-yield method included in the carrying amount of loan receivable net of purchased loans accounted for under the under the cost-recovery method
Answer: 12.8%
Calculation: subtract(920, 242), divide(87, #0)
Fiscal Year Ended 2019 and 2018 Revenues
* Adjusted IFRS balances to reflect the impact of the full retrospective adoption of IFRS 15. See Note 2 of the notes to our consolidated financial statements for further details.
Total revenues increased $329.1 million, or 37%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. Growth in total revenues was attributable to increased demand for our products from both new and existing customers. Of total revenues recognized in the fiscal year ended June 30, 2019, over 90% was attributable to sales to customer accounts existing on or before June 30, 2018. Our number of total customers increased to 152,727 at June 30, 2019 from 125,796 at June 30, 2018.
Subscription revenues increased $223.3 million, or 54%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in subscription revenues was primarily attributable to additional subscriptions from our existing customer base. As customers increasingly adopt cloud-based, subscription services and term-based licenses of our Data Center products for their business needs, we expect our subscription revenues to continue to increase at a rate higher than the rate of increase of our perpetual license revenues in future periods.
Maintenance revenues increased $68.0 million, or 21%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in maintenance revenues was primarily attributable to growing renewal of software maintenance contracts from our customers related to our perpetual license software offerings.
Perpetual license revenues increased $10.4 million, or 13%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. A substantial majority of the increase in perpetual license revenues was attributable to additional licenses to existing customers.
Other revenues increased $27.5 million, or 45%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in other revenues was primarily attributable to an increase in revenue from sales of third-party apps through our Atlassian Marketplace.
Table:
 | Fiscal Year Ended June 30, |  |  | 
 | 2019 | 2018 | $ Change | % Change
 |  | (U.S. $ in thousands) |  | 
 |  | *As Adjusted |  | 
Subscription | $633,950 | $410,694 | $223,256 | 54%
Maintenance | 394,526 | 326,511 | 68,015 | 21
Perpetual license | 93,593 | 83,171 | 10,422 | 13
Other | 88,058 | 60,602 | 27,456 | 45
Total revenues | $1,210,127 | $880,978 | $329,149 | 37


Question: For fiscal year ended 2018, what is the percentage constitution of perpetual license among the total revenue?
Answer: 9.44
Calculation: 83,171/880,978
item 6 . selected financial data the following table represents our selected financial data . the table should be read in conjunction with item 7 and item 8 of this report . the table below reflects immaterial error corrections discussed in note 2 : summary of significant accounting policies in item 8. .

Table:
( $ in millions except per share amounts ) | year ended december 31 2012 | year ended december 31 2011 | year ended december 31 2010 | year ended december 31 2009 | year ended december 31 2008
sales and service revenues | $ 6708 | $ 6575 | $ 6723 | $ 6292 | $ 6189
goodwill impairment | 2014 | 290 | 2014 | 2014 | 2465
operating income ( loss ) | 358 | 100 | 241 | 203 | -2332 ( 2332 )
net earnings ( loss ) | 146 | -100 ( 100 ) | 131 | 119 | -2397 ( 2397 )
total assets | 6392 | 6069 | 5270 | 5097 | 4821
long-term debt ( 1 ) | 1779 | 1830 | 105 | 283 | 283
total long-term obligations | 4341 | 3838 | 1637 | 1708 | 1823
free cash flow ( 2 ) | 170 | 331 | 168 | -269 ( 269 ) | 121
dividends declared per share | $ 0.10 | $ 2014 | $ 2014 | $ 2014 | $ 2014
basic earnings ( loss ) per share ( 3 ) | $ 2.96 | $ -2.05 ( 2.05 ) | $ 2.68 | $ 2.44 | $ -49.14 ( 49.14 )
diluted earnings ( loss ) per share ( 3 ) | $ 2.91 | $ -2.05 ( 2.05 ) | $ 2.68 | $ 2.44 | $ -49.14 ( 49.14 )
basic earnings ( loss ) per share ( 3 ) $ 2.96 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) diluted earnings ( loss ) per share ( 3 ) $ 2.91 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities .
( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures .
see liquidity and capital resources in item 7 for more information on this measure .
( 3 ) on march 30 , 2011 , the record date of the stock distribution associated with the spin-off from northrop grumman , approximately 48.8 million shares of $ 0.01 par value hii common stock were distributed to northrop grumman stockholders .
this share amount was utilized for the calculation of basic and diluted earnings ( loss ) per share for the three months ended march 31 , 2011 , and all prior periods , as no common stock of the company existed prior to march 30 , 2011 , and the impact of dilutive securities in the three month period ended march 31 , 2011 , was not meaningful. .

Question: what was the net increase in total assets during the 5 year period ?
Answer: 1571000000
Calculation: subtract(6392, 4821), multiply(#0, const_1000000)
REVENUE
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 revenue increased by 8.6% (6.8% in constant currency) resulting from: • a growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in revenue for only an eight-month period in the prior year combined with strong organic growth and the acquisition of the south Florida fibre network previously owned by FiberLight, LLC (the "FiberLight acquisition"); partly offset by • a decrease in the Canadian broadband services segment mainly as a result of: ◦ a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.
For further details on the Corporation’s revenue, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, |  |  |  |  | 
(in thousands of dollars, except percentages) | 2019 (1) $ | 2018 (2) $ | Change % | Change in constant currency (3) % | Foreign exchange impact (3) $
Canadian broadband services | 1,294,967 | 1,299,906 | (0.4) | (0.4) | -
American broadband services | 1,036,853 | 847,372 | 22.4 | 17.9 | 37,433
Inter-segment eliminations and other | - | 126 | (100.0) | (100.0) | -
 | 2,331,820 | 2,147,404 | 8.6 | 6.8 | 37,433


Question: What caused the decrease in the Canadian broadband services segment?
Answer: a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.
Contractual Obligations and Contingent Liabilities and Commitments
Our principal commitments consist primarily of obligations under operating and financing leases, which include among others, certain leases of our offices, colocations and servers as well as contractual commitment related network infrastructure and data center operations. The following table summarizes our commitments to settle contractual obligations in cash as of December 31, 2019:
(1) Finance leases are related to servers and network infrastructure and our data center operations.
As of December 31, 2019, we had severance agreements with certain employees which would require us to pay up to approximately $6.4 million if all such employees were terminated from employment with our Company following a triggering event (e.g., change of control) as defined in the severance agreements.
Table:
 | Payments Due by Year Ending December 31, 2020 |  |  |  | 
(In thousands) | Total | Year 1 (1) | Years 2 & 3 | Years 4 & 5 | Beyond 5 Years
Operating leases, including imputed interest | 12,807 | 3,519 | 5,102 | 4,186 | —
Finance leases, including imputed interest (1) | 2,165 | 1,423 | 736 | 6 | —
Total contractual obligations | $ 14,972 | $ 4,942 | $ 5,838 | $ 4,192 | $ —


Question: How much would the company have to pay up to as defined in the severance agreements as of December 31, 2019 following a triggering event in the company?
Answer: approximately $6.4 million