hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Contract Costs
The following table provides changes in our contract acquisition costs and fulfillment costs:
Acquisition costs include commission fees paid to employees as a result of obtaining contracts. Fulfillment costs include third party and internal costs associated with the provision, installation and activation of telecommunications services to customers, including labor and materials consumed for these activities.
Deferred acquisition and fulfillment costs are amortized based on the transfer of services on a straight-line basis over the average customer life of 30 months for consumer customers and 12 to 60 months for business customers and amortized fulfillment costs are included in cost of services and products and amortized acquisition costs are included in selling, general and administrative expenses in our consolidated statements of operations. The amount of these deferred costs that are anticipated to be amortized in the next twelve months are included in other current assets on our consolidated balance sheets. The amount of deferred costs expected to be amortized beyond the next twelve months is included in other non-current assets on our consolidated balance sheets. Deferred acquisition and fulfillment costs are assessed for impairment on an annual basis.
Table:
 | Year Ended December 31, 2019 | 
 | Acquisition Costs | Fulfillment Costs
 | (Dollars in millions) | 
Beginning of period balance | $322 | 187
Costs incurred | 208 | 158
Amortization | (204) | (124)
End of period balance | $326 | 221


Question: How are the deferred acquisition and fulfillment costs amortized?
Answer: based on the transfer of services on a straight-line basis over the average customer life of 30 months for consumer customers and 12 to 60 months for business customers
Item 6. Selected Financial Data
The following table summarizes our selected consolidated financial data for the periods indicated. The selected consolidated financial data should be read in conjunction with our Consolidated Financial Statements and related notes and “Management's Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this Annual Report on Form 10-K. The selected consolidated statement of income and balance sheet data for each of the five fiscal years indicated below has been derived from our audited Consolidated Financial Statements. Over the last five fiscal years we have acquired a number of companies including, but not limited to Catalyst, Liaison, Hightail, Guidance, Covisint, ECD Business, CCM Business, Recommind, ANX, CEM Business, Daegis, and Actuate. The results of these companies and all of our previously acquired companies have been included herein and have contributed to the growth in our revenues, net income and net income per share and such acquisitions affect period-to-period comparability.
(1) Effective July 1, 2018, we adopted Accounting Standards Codification (ASC) Topic 606 "Revenue from Contracts with Customers" (Topic 606) using the cumulative effect approach. We applied the standard to contracts that were not completed as of the date of the initial adoption. Results for reporting periods commencing on July 1, 2018 are presented under the new revenue standard, while prior period results continue to be reported under the previous standard.
(2) Fiscal 2017 included a significant one-time tax benefit of $876.1 million recorded in the first quarter of Fiscal 2017.
Table:
 |  |  | Fiscal Year Ended June 30, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
(In thousands, except per share data) |  |  |  |  | 
Statement of Income Data: |  |  |  |  | 
Revenues(1) | $2,868,755 | $2,815,241 | $2,291,057 | $1,824,228 | $1,851,917
Net income, attributable to OpenText(2) | $285,501 | $242,224 | $1,025,659 | $284,477 | $234,327
Net income per share, basic, attributable to OpenText(1) | $1.06 | $0.91 | $4.04 | $1.17 | $0.96
Net income per share, diluted, attributable to OpenText(1) | $1.06 | $0.91 | $4.01 | $1.17 | $0.95
Weighted average number of Common Shares outstanding, basic | 268,784 | 266,085 | 253,879 | 242,926 | 244,184
Weighted average number of Common Shares outstanding, diluted | 269,908 | 267,492 | 255,805 | 244,076 | 245,914


Question: What is the Weighted average number of Common Shares outstanding, diluted for years 2017, 2018 and 2019?
Answer: 264401.67
Calculation: (269,908+267,492+255,805)/3
Key Performance Indicators
Key performance indicators, which we do not consider to be non-GAAP measures, that we use to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections and make strategic decisions include Monthly Recurring Revenue ("MRR") and Gross Merchandise Volume ("GMV"). Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other companies.
The following table shows MRR and GMV for the years ended December 31, 2019 and 2018.
Table:
 | Years ended December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Monthly Recurring Revenue | $53,898 | $40,932
Gross Merchandise Volume | $61,138,457 | $41,103,238


Question: What are the 2 financial items listed in the table?
Answer: Monthly Recurring Revenue, Gross Merchandise Volume
Contractual Obligations
Following is a summary of our contractual cash obligations as of February 28, 2019 (in thousands):
Purchase obligations consist primarily of inventory purchase commitments.
Table:
 |  |  | Future Estimated Cash Payments Due by Period |  | 
 | Less than | 1 - 3 | 3 - 5 |  | 
Contractual Obligations | 1 year | years | years | > 5 years | Total
Convertible senior notes principal | $- | $122,527 | $- | $230,000 | $352,527
Convertible senior notes stated interest | 6,591 | 10,196 | 9,200 | 6,900 | 32,887
Operating leases | 7,565 | 12,628 | 12,325 | 7,659 | 40,177
Purchase obligations | 39,390 | - | - | - | 39,390
Total contractual obligations | $53,546 | $145,351 | $21,525 | $244,559 | $464,981


Question: What were the total Operating Leases? 
Answer: 40,177
Other Contractual Obligations
Our other contractual obligations include finance lease obligations (including interest portion), facility leases, leases of certain computer and other equipment, agreements to purchase data and telecommunication services, the payment of principal and interest on debt and pension fund obligations.
At December 31, 2019, the minimum annual payments under these agreements and other contracts that had initial or remaining non-cancelable terms in excess of one year are as listed in the following table. Due to the uncertainty with respect to the timing of future cash flows associated with our unrecognized tax positions at December 31, 2019, we are unable to make reasonably reliable estimates of the timing of any potential cash settlements with the respective taxing authorities. Therefore, $189 million in uncertain tax positions (which includes interest and penalties of $25 million) have been excluded from the contractual obligations table below. See Note 15 – “Income Taxes” – to the consolidated financial statements for a discussion on income taxes.
(a) Our short-term and long-term debt obligations are described in Note 12 – “Long-Term Debt and Other Financing Arrangements” and our short-term and long-term finance lease obligations are described in Note 5 “Leases”,– to our consolidated financial statements.
(b) Our operating lease obligations are described in Note 17 – “Commitments and Contingencies” – to our consolidated financial statements.
Table:
 | Payments due by period |  |  |  |  |  | 
(IN MILLIONS) | Total | 2020 | 2021 | 2022 | 2023 | 2024 | Thereafter
Finance lease obligations(a) | $162 | $61 | $42 | $29 | $15 | $7 | $8
Operating leases(b) | 574 | 136 | 99 | 75 | 53 | 40 | 171
Other contractual obligations(c) | 1,639 | 627 | 295 | 203 | 190 | 185 | 139
Long-term debt, including current portion(a) | 8,164 | 854 | 702 | 2,399 | 3,710 | — | 499
Interest(d) | 1,038 | 354 | 315 | 216 | 115 | 25 | 13
Pension fund obligations(e) | 28 | 28 | — | — | — | — | —
Total | $11,605 | $2,060 | $1,453 | $2,922 | $4,083 | $257 | $830


Question: What is the percentage constitution of amount of finance lease obligations due in 2024 among the total amount?
Answer: 4.32
Calculation: 7/162
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options . shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport .

Table:
 | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88
.

Question: what was the percentage cumulative return on investment for united parcel service inc . for the five year period ended 12/31/09?
Answer: -24.05%
Calculation: subtract(75.95, const_100), divide(#0, const_100)
NOTE 8. PROPERTY AND EQUIPMENT
The following table details the components of property and equipment (amounts in thousands).
Amounts payable for property and equipment included in accounts payable totaled $0.1 million at December 31, 2019, and $0.2 million at December 31, 2018. During 2019, we financed the purchase of $0.3 million of property with finance leases and equipment notes. Assets which had not yet been placed in service, included in property and equipment, totaled $1.5 million at December 31, 2019, and $2.2 million at December 31, 2018.
Table:
 | December 31 |  | 
 | 2019 | 2018 | Estimated Useful Lives
Land | $730 | $585 | 
Furniture and fixtures | 476 | 430 | 5-10 years
Plant | 9,667 | 8,613 | 20-40 years, or life of lea
Computer and software | 1,317 | 1,295 | 3-5 years
Leasehold improvements | 2,019 | 681 | 4-15 years, or life of lease
Machinery and equipment | 16,864 | 13,528 | 5-15 years
Property and equipment, cost | 31,073 | 25,132 | 
Less accumulated depreciation | 11,996 | 10,122 | 
Property and equipment, net | $      19,077 | $     15,010 | 


Question: What is the change in the plant value between 2018 and 2019?
Answer: 1054
Calculation: 9,667 - 8,613
16. Net Loss Per Share
Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of options, warrants and unvested restricted stock. Dilutive earnings per share is calculated by dividing net income by the weighted average number of common shares used in the basic earnings per share calculation plus the dilutive effect of shares subject to options, warrants and unvested restricted stock.
The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):
Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the ESPP. Weighted stock options outstanding with an exercise price higher than the Company's average stock price for the periods presented are excluded from the calculation of diluted net loss per share since the effect of including them would have been anti-dilutive due to the net loss position of the Company during the periods presented.
Table:
 |  | Year Ended | 
 | June 30,
2019 | June 30,
2018 | June 30,
2017
Net loss | $(25,853) | $(46,792) | $(1,744)
Weighted-average shares used in per share calculation - basic and diluted | 117,954 | 114,221 | 108,273
Net loss per share - basic and diluted | $(0.22) | $(0.40) | $(0.02)


Question: What was the change in the net loss between 2018 and 2019?
Answer: 20939
Calculation: -25,853-(-46,792)
Gross Profit
Gross profit in fiscal year 2018 increased to $382.3 million, or 17.7 percent of net sales from $300.8 million, or 16.7 percent of net sales for fiscal year 2017. Excluding the impact of the surcharge revenue, our gross margin in fiscal year 2018 was 21.3 percent compared to 19.3 percent in fiscal year 2017. The results reflect the impact of stronger demand and improved product mix coupled with operating cost improvements compared to fiscal year 2017.
Our surcharge mechanism is structured to recover increases in raw material costs, although in certain cases with a lag effect as discussed above. While the surcharge generally protects the absolute gross profit dollars, it does have a dilutive effect on gross margin as a percent of sales. The following represents a summary of the dilutive impact of the surcharge on gross margin. We present and discuss these financial measures because management believes removing the impact of surcharge provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.
Table:
 | Fiscal Year | 
($ in millions) | 2018 | 2017
Net sales | $2,157.7 | $1,797.6
Less: surcharge revenue | 365.4 | 239.2
Net sales excluding surcharge revenue | $1,792.3 | $1,558.4
Gross profit | $382.3 | $300.8
Gross margin | 17.7% | 16.7%
Gross margin excluding surcharge revenue | 21.3% | 19.3%


Question: What was the percentage change in gross profit in 2018 from 2017?
Answer: 27.09
Calculation: (382.3-300.8)/300.8
Quarterly Results (Unaudited)
The following table sets forth certain unaudited quarterly financial information for the 2019 and 2018 fiscal years. In the opinion of management, this information has been presented on the same basis as the audited consolidated financial statements appearing elsewhere, and all necessary adjustments (consisting primarily of normal recurring accruals) have been included in the amounts stated below to present fairly the unaudited quarterly results when read in conjunction with the audited consolidated financial statements and related notes thereto. The operating results for any quarter are not necessarily indicative of results for any future period.
(1) Includes acquisition and integration charges related to our strategic collaboration with JJMD of $17.6 million, $13.4 million, $12.8 million, $8.9 million and $8.1 million for the three months ended August 31, 2019, May 31, 2019, February 28, 2019, November 30, 2018 and August 31, 2018, respectively.
(2) Includes ($13.3 million), $111.4 million and $30.9 million of income tax (benefit) expense for the three months ended November 30, 2018, August 31, 2018 and February 28, 2018, respectively, related to the Tax Act.
(4) Includes a distressed customer charge of $6.2 million, $18.0 million and $14.7 million during the three months ended August 31, 2019, August 31, 2018 and February 28, 2018, respectively.
(5) Includes $32.4 million of stock-based compensation expense for the modification of certain performancebased restricted stock units and a one-time cash settled award during the three months ended November 30, 2017.
Table:
 |  |  | Fiscal Year 2018 | 
 |  |  | Three Months Ended | 
(in thousands, except for per share data) | August 31, 2018 | May 31, 2018 | February 28, 2018 | November 30, 2017
Net revenue | $5,771,831 | $5,436,952 | $5,301,101 | $5,585,532
Gross profit(4) | 442,147 | 398,227 | 397,133 | 469,285
Operating income(1)(4)(5) | 153,896 | 112,971 | 129,532 | 145,754
Net (loss) income(2)(4)(5) | (56,608) | 42,702 | 37,528 | 63,919
Net (loss) income attributable to Jabil Inc.(2)(4)(5) | $(57,314) | $42,541 | $37,308 | $63,795
(Loss) earnings per share attributable to the stockholders of Jabil Inc. |  |  |  | 
Basic | $(0.34) | $0.25 | $0.21 | $0.36
Diluted | $(0.34) | $0.25 | $0.21 | $0.35


Question: Which months ended quarters does the table show information for Net revenue?
Answer: August 31, 2018, May 31, 2018, February 28, 2018, November 30, 2017
11 Employee Costs
Included in wages and salaries above are $4.2M (2018: $4.0M) relating to retention payments arising on business combinations.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018 Restated See note 2
 | $M | $M
Wages and salaries | 286.0 | 271.8
Social security costs | 25.6 | 27.3
Pension costs | 8.9 | 8.4
Other costs | 12.7 | 12.1
 | 333.2 | 319.6
Share-based payments (see note 29) | 36.9 | 42.3
Total employee costs | 370.1 | 361.9


Question: What was the percentage change in total employee costs in 2019 from 2018?
Answer: 2.27
Calculation: (370.1-361.9)/361.9
Free cash flow generation
Bridge from operating income to free cash flow (illustrative)
Focus on delivering a high conversion of operating income to free cash flow of operating income to free cash flow
of operating income to free cash flow
Ongoing activities to reduce costs “below operating income”, including restructuring, financial net and tax
Striving to maintain working capital efficiency but fluctuations may impact cash flow
Planning assumption for capex is about 2% of net sales, while expected to remain above 2% in 2020 due to the new factory in the US
Ambition to over time maintain restructuring charges to around 1% of net sales
M&A will vary depending on strategic decisions but assumed to be around 1–2% of net sales
Operating margin excluding restructuring charges. All numbers are in relation to net sales.
1) Restructuring charges as reported in the income statement for each year.
Table:
 | 2018 | 2019 | Ambition
Operating margin | 4.4% | 5.0% | >12%
financial net, tax and other | -3.8% | -2.5% | -4%
+ depreciation and amortization | +3.9% | +2.9% | +3 to 4%
+ depreciation of leased assets | – | +1.1% | +1%
± change in working capital | +3.7% | +1.0% | ±0
- capex | - 2.4% | -2.8% | -2%
- leasing payment | - | -1.3% | -1%
-  restructuring costs1) | -3.8% | -0.4% | -1%
Free cash flow (before M&A) | 2.0% | 3.4% | >8%
- M&A | -0.6% | -0.7% | ~1 to -2%


Question: What is the change in capex between 2018 and 2019?
Answer: 0.4
Calculation: -2.4- (-2.8)
* Recast to reflect segment changes.
The 2018 GTS gross profit margin was essentially flat year to year and reflected benefits from productivity initiatives, including automation of delivery processes infused with AI and global workforce optimization.
Pre-tax income performance reflected continued investment to expand go-to-market capabilities and develop new offerings for the hybrid market.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2018* | 2017* | Yr.-to-Yr. Percent/ Margin Change
Global Technology Services |  |  | 
External total gross profit | $10,035 | $10,022 | 0.1%
External total gross profit margin | 34.4% | 34.3% | 0.1 pts
Pre-tax income | $ 1,781 | $ 2,618 | (32.0)%
Pre-tax margin | 5.9% | 8.8% | (2.8) pts


Question: What is the increase/ (decrease) in Pre-tax income from 2017 to 2018
Answer: -837
Calculation: 1,781-2,618
NOTE 15 – INCOME TAXES
As of December 31, 2019, the Company had net operating loss carry-forwards for federal income tax purposes of approximately $18.3 million, consisting of pre-2018 losses in the amount of approximately $14.3 million that expire from 2020 through 2037, and post-2017 losses in the amount of approximately $4 million that never expire. These net operating losses are available to offset future taxable income. The Company was formed in 2006 as a limited liability company and changed to a corporation in 2007. Activity prior to incorporation is not reflected in the Company’s corporate tax returns. In the future, the cumulative net operating loss carry-forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.
The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:
The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:
Table:
 | 2019 | 2018
Federal income tax benefit (expense) attributable to:         |  | 
Current operations  | $848,000 | $(48,000)
Acquisition costs   | (143,000) | -
Change in fair value of contingent consideration   | (133,000) | -
Other permanent items   | 29,000 | (36,000)
Deferred Adjustment   | (913,000) | -
Valuation allowance   | 1,209,960 | 84,000
Net provision for federal income tax  | $897,960 | $-


Question: What is the ratio of total federal income tax benefit to total expenses in 2019?
Answer: 1.76
Calculation: (848,000+29,000+1,209,960)/(143,000+133,000+913,000)
ADJUSTED EBITDA
(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 adjusted EBITDA increased by 10.0% (8.5% in constant currency) as a result of: • an increase in the American broadband services segment mainly as a result of strong organic growth combined with the impact of the MetroCast and FiberLight acquisitions; and • an increase in the Canadian broadband services segment resulting mainly from a decline in operating expenses.
For further details on the Corporation’s adjusted EBITDA, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 688,681 | 681,020 | 1.1 | 1.3 | (1,102)
American broadband services | 465,645 | 369,200 | 26.1 | 21.5 | 16,911
Inter-segment eliminations and other | (46,386) | (43,402) | 6.9 | 6.8 | (12)
 | 1,107,940 | 1,006,818 | 10.0 | 8.5 | 15,797


Question: What was the average American broadband services between 2018 and 2019?
Answer: 417422.5
Calculation: (465,645 + 369,200) / 2