hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
note 9 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2009 are as follows ( in thousands ) : years ending december 31: .

Table:
2010 | $ 55178
2011 | 45275
2012 | 36841
2013 | 30789
2014 | 22094
thereafter | 59263
future minimum lease payments | $ 249440
rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively .
we guarantee the residual values of the majority of our truck and equipment operating leases .
the residual values decline over the lease terms to a defined percentage of original cost .
in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .
similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .
had we terminated all of our operating leases subject to these guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million .
litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s .
infringed on ford design patents .
the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 .
pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent .
we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell .
the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income .
we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business .
we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows .
note 10 .
business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired .
greenleaf is the entity through which ssi operated its late model automotive parts recycling business .
we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .

Question: what was the percentage change in rental expense for operating leases from 2007 to 2008?
Answer: 84%
Calculation: subtract(49.0, 26.6), divide(#0, 26.6)
Seasonality
The Company’s sales, income and cash flow from operations vary between quarters, and are generally lowest in the first quarter of the from operations vary between quarters, and are generally lowest in the first quarter of the year and highest in the fourth quarter. This is mainly a result of the seasonal purchase patterns of network operators.
Table:
Most recent three-year average seasonality |  |  |  | 
 | First quarter | Second quarter | Third quarter | Fourth quarter
Sequential change, sales | -25% | 11% | 4% | 17%
Share of annual sales | 22% | 24% | 25% | 29%


Question: What is the share of annual sales in third quarter?
Answer: 25%
Note 15 Leases
RIGHT-OF-USE ASSETS
BCE’s significant right-of-use assets under leases are satellites, office premises, land, cellular tower sites, retail outlets and OOH advertising spaces. Right-of-use assets are presented in Property, plant and equipment in the statement of financial position.
Table:
FOR THE YEAR ENDED DECEMBER 31, 2019 | NETWORK INFRASTRUCTURE AND EQUIPMENT | LAND AND BUILDINGS | TOTAL
COST |  |  | 
January 1, 2019 | 3,329 | 2,453 | 5,782
Additions | 527 | 513 | 1,040
Transfers | (233) | – | (233)
Acquired through business combinations | – | 8 | 8
Lease terminations | (12) | (38) | (50)
Impairment losses recognized in earnings | (2) | (3) | (5)
December 31, 2019 | 3,609 | 2,933 | 6,542
ACCUMULATED DEPRECIATION |  |  | 
January 1, 2019 | 1,042 | 536 | 1,578
Depreciation | 373 | 303 | 676
Transfers | (111) | – | (111)
Lease terminations | (3) | (22) | (25)
December 31, 2019 | 1,301 | 817 | 2,118
NET CARRYING AMOUNT |  |  | 
January 1, 2019 | 2,287 | 1,917 | 4,204
December 31, 2019 | 2,308 | 2,116 | 4,424


Question: Where are the right-of-use assets presented?
Answer: presented in Property, plant and equipment in the statement of financial position
1 Interest on borrowings includes interest on short-term borrowings and on long-term debt.
FOREIGN EXCHANGE AND CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS We recognized $79 million in net foreign exchange gains in 2019 (2018 – $136 million in net losses). These gains and losses were primarily attributed to our US dollar-denominated commercial paper (US CP) program borrowings (see note 17).
These foreign exchange gains (2018 – losses) were partially offset by the $80 million loss related to the change in fair value of derivatives (2018 – $95 million gain) that was primarily attributed to the debt derivatives, which were not designated as hedges for accounting purposes, we used to substantially offset the foreign exchange risk related to these US dollar-denominated borrowings.
During the year ended December 31, 2018, after determining we would not be able to exercise our outstanding bond forward derivatives (bond forwards) within the designated time frame, we discontinued hedge accounting and reclassified a $21 million loss from the hedging reserve within shareholders’ equity to “change in fair value of derivative instruments” within finance costs.
We subsequently extended the bond forwards and redesignated them as effective hedges. During the year ended December 31, 2019, we exercised these bond forwards. See note 17 for more information on our bond forwards.
NOTE 11: FINANCE COSTS
Table:
 | Years ended December 31 | Years ended December 31 | Years ended December 31
(In millions of dollars) | Note | 2019 | 2018
Interest on borrowings 1 |  | 746 | 709
Interest on post-employment benefits liability | 23 | 11 | 14
Loss on repayment of long-term debt | 21 | 19 | 28
(Gain) loss on foreign exchange |  | (79) | 136
Change in fair value of derivative instruments |  | 80 | (95)
Capitalized interest |  | (19) | (20)
Other |  | 21 | 21
Finance costs before interest on lease liabilities |  | 779 | 793
Interest expense on lease liabilities | 8 | 61 | -
Total finance costs |  | 840 | 793


Question: What is attributed as change in fair value of derivatives?
Answer: primarily attributed to the debt derivatives, which were not designated as hedges for accounting purposes, we used to substantially offset the foreign exchange risk related to these US dollar-denominated borrowings.
Investing Activities. Cash flows (used in) provided by investing activities changed from a source of$65.7 million in 2018 to a use of $13.8 million in 2019. This change of$79.5 million primarily resulted from a decrease of$62.9 million in cash proceeds from the sale of company-operated restaurants, including repayments of notes issued in connection with 2018 refranchising transactions, and an increase of $9.8 million in capital expenditures.
Capital Expenditures — The composition of capital expenditures in each fiscal year is summarized in the table below (in thousands):
Our capital expenditure program includes, among other things, restaurant remodeling, information technology enhancements, and investments in new locations and equipment. In 2019, capital expenditures increased by $9.8 million primarily due to an increase of $16.2 million in purchases of assets intended for sale or sale and leaseback, partially offset by a $8.7 million decrease in restaurant capital maintenance and facility improvement spending mainly from a decrease in the average number of company-operated restaurants compared to the prior year. The increase in purchases of assets intended for sale or sale and leaseback was primarily due to the Company’s purchase of a commercial property in Los Angeles, California, on which an existing company restaurant and another retail tenant are located. The purchase price was $17.3 million, and we currently intend to sell the entire property and lease back the parcel on which our company operated restaurant is located within the next 12 months.
Table:
 | 2019 | 2018
Restaurants: |  | 
Restaurant facility expenditures | $9,202 | $17,949
Purchases of assets intended for sale or sale and leaseback | 21,660 | 5,497
New restaurants | 1,381 | 2,088
Other, including information technology | 3,597 | 7,572
 | 35,840 | 33,106
Corporate Services: |  | 
Information technology | 9,405 | 4,584
Other, including facility improvements | 2,404 | 152
 | 11,809 | 4,736
Total capital expenditures | $47,649 | $37,842


Question: What is the average capital expenditure spent on information technology for 2018 and 2019?
Answer: 6994.5
Calculation: ($9,405+$4,584)/2
Compensation of Key Management Personnel (Including Directors)
Short-term employee benefits comprise fees, salaries, benefits and bonuses earned during the year as well as nonmonetary benefits.
Post-employment benefits comprise the cost of providing defined contribution pensions to senior management in respect of the current period.
Share-based payments comprise the cost of senior management’s participation in share-based payment plans for the period as measured by the fair value of awards in accordance with IFRS2.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Short-term employee benefits | 6.6 | 9.1
Post-employment benefits | 0.1 | 0.1
Share-based payments - equity-settled | 10.4 | 17.7
Total | 17.1 | 26.9


Question: What was the change in the Total compensation of key management personnel  in 2019 from 2018?
Answer: -9.8
Calculation: 17.1-26.9
During the three months ended June 30, 2018, the Company adopted ASU 2016-18-Statement of Cash Flows: Restricted Cash. This standard requires that the statement of cash flows explain the change during the period in total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard has been applied using a retrospective transition method to each period presented. The adoption of this standard did not have a material impact on the Company's financial statements.
The following table summarizes the opening balance sheet adjustments related to the adoption of the New Revenue Standard, ASU 2016-01-Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, and ASU 2016-16-Intra-Entity Transfers of Assets Other Than Inventory (in millions):
Table:
 | Balance as of |  | Adjustments from |  | Balance as of
 | March 31, 2018 | ASC 606 | ASU 2016-01 | ASU 2016-16 | April 1, 2018
ASSETS |  |  |  |  | 
Accounts receivable, net | $563.7 | $340.1 | $— | $— | $903.8
Inventories | $476.2 | $(5.1) | $— | $— | $471.1
Other current assets | $119.8 | $17.2 | $— | $— | $137.0
Long-term deferred tax assets | $100.2 | $(23.1) | $— | $1,579.4 | $1,656.5
Other assets | $71.8 | $— | $— | $(24.1) | $47.7
LIABILITIES |  |  |  |  | 
Accrued liabilities | $229.6 | $404.2 | $— | $— | $633.8
Deferred income on shipments to distributors | $333.8 | $(333.8) | $— | $— | $—
Long-term deferred tax liability | $205.8 | $16.8 | $— | $(1.1) | $221.5
Other long-term liabilities | $240.9 | $— | $— | $(1.7) | $239.2
STOCKHOLDERS' EQUITY |  |  |  |  | 
Accumulated other comprehensive loss | $(17.6) | $— | $(1.7) | $— | $(19.3)
Retained earnings | $1,397.3 | $241.9 | $1.7 | $1,558.1 | $3,199.0


Question: How many Assets had a balance on April 1, 2018 that exceeded $1,000 million?
Answer: 1
Calculation: Long-term deferred tax assets
entergy corporation and subsidiaries notes to financial statements this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount was a net regulatory liability of $ 61.6 million and $ 27.8 million as of december 31 , 2013 and 2012 , respectively . as of december 31 , 2013 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt , as follows : amount ( in thousands ) .

Table:
 | amount ( in thousands )
2014 | $ 51637
2015 | 52253
2016 | 13750
2017 | 13750
2018 | 13750
years thereafter | 247500
total | 392640
less : amount representing interest | 295226
present value of net minimum lease payments | $ 97414
.

Question: what is the percent change in future minimum lease payments from 2015 to 2016?
Answer: 280%
Calculation: subtract(52253, 13750), divide(#0, 13750)
Costs and Expenses
Cost of Revenues
The following tables detail the components of cost of revenues in dollars (amounts in millions) and as a percentage of associated net revenues:
Cost of Revenues—Product Sales:
The decrease in product costs for 2019, as compared to 2018, was due to the decrease in product sales, primarily associated with the Destiny franchise (reflecting our sale of the publishing rights for Destiny to Bungie in December 2018).
The decrease in software royalties, amortization, and intellectual property licenses related to product sales for 2019, as compared to 2018, was primarily due to a decrease of $133 million in software amortization and royalties from Activision, primarily due to the Destiny franchise. The decrease was partially offset by:
higher software amortization and royalties for Call of Duty: Black Ops 4, which was released in October 2018, as compared to Call of Duty: WWII, which was released in November 2017; software amortization and royalties from Sekiro: Shadows Die Twice, which was released in March 2019; and higher software amortization and royalties for Call of Duty: Modern Warfare, which was released in October 2019, as compared to Call of Duty: Black Ops 4.
Cost of Revenues—Subscription, Licensing, and Other Revenues:
The decrease in game operations and distribution costs for 2019, as compared to 2018, was primarily due to a decrease of $50 million in service provider fees such as digital storefront fees (e.g., fees retained by Apple and Google for our sales on their platforms), payment processor fees, and server bandwidth fees.
The decrease in software royalties, amortization, and intellectual property licenses related to subscription, licensing, and other revenues for 2019, as compared to 2018, was primarily due to:
a decrease of $122 million in amortization of internally-developed franchise intangible assets acquired as part of our acquisition of King; a decrease of $36 million in software amortization and royalties from Activision, driven by the Destiny franchise, partially offset by software royalties on Call of Duty: Mobile, which was released in October 2019; and  lower amortization of capitalized film costs due to the release of the third season of the animated TV series, Skylanders™ Academy, in September 2018, with no comparable release in 2019.
Table:
 | Year Ended December 31, 2019 | % of associated net revenues | Year Ended December 31, 2018 | % of associated net revenues | Increase (Decrease)
Cost of revenues—product sales: |  |  |  |  | 
Product costs | $656 | 33% | $719 | 32% | $(63)
Software royalties, amortization, intellectual property licenses | 240 | 12 | 371 | 16 | (131)
Cost of revenues—subscription, licensing, and other revenues: |  |  |  |  | 
Game operations and distribution costs | 965 | 21 | 1,028 | 20 | (63)
Software royalties, amortization, intellectual property licenses | 233 | 5 | 399 | 8 | (166)
Total cost of revenues | $2,094 | 32% | $2,517 | 34% | $(423)


Question: What is the percentage change in game operations and distribution costs between 2018 and 2019?
Answer: -6.13
Calculation: (965-1,028)/1,028
Cogeco Communications is a subsidiary of Cogeco, which holds 31.8% of the Corporation's equity shares, representing 82.3% of the Corporation's voting shares.
Cogeco provides executive, administrative, financial and strategic planning services and additional services to the Corporation under a Management Services Agreement (the "Agreement"). On May 1, 2019, the Corporation and Cogeco agreed to amend the Agreement in order to replace the methodology used to establish the management fees payable by the Corporation to Cogeco, which was based on a percentage of the consolidated revenue of the Corporation, with a new methodology based on the costs incurred by Cogeco plus a reasonable mark-up. This cost-plus methodology was adopted to avoid future variations of the management fee percentage due to the frequent changes of the Corporation's consolidated revenue pursuant to business acquisitions and divestitures. Prior to this change, management fees represented 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018). Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.
Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.
The following table shows the amounts that the Corporation charged Cogeco with regards to the Corporation's stock options, ISUs and PSUs granted to these executive officers, as well as DSUs issued to Board directors of Cogeco:
Table:
Years ended August 31, | 2019 | 2018
(In thousands of Canadian dollars) | $ | $
Stock options | 1,046 | 915
ISUs | 61 | 1
PSUs | 981 | 990
DSUs | 631 | —


Question: What was the average DSUs from 2018 to 2019?
Answer: 315.5
Calculation: (631 + 0) / 2
5 Alternative Performance Measures (“APM’s”) continued
Unlevered Free Cash Flow
Unlevered free cash flow represents net cash flow from operating activities adjusted for exceptional items and net capital expenditure. Unlevered free cash flow provides an understanding of the Group’s cash generation and is a supplemental measure of liquidity in respect of the Group’s operations without the distortions of exceptional and other non-operating items.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Net cash flow from operating activities | 142.9 | 147.7
Exceptional items | 3.1 | 13.0
Net capital expenditure | (22.2) | (21.1)
Unlevered free cash flow | 123.8 | 139.6


Question: In which year was the amount of Net cash flow from operating activities larger?
Answer: 2018
Calculation: 147.7>142.9
Note 11: Share-Based Compensation
Total share-based compensation expense related to the Company's stock options, RSUs, stock grant awards and ESPP were recorded within the Consolidated Statements of Operations and Comprehensive Income as follows (in millions):
(1) Recognition of related income tax benefits are the result of the adoption of ASU 2016-09 during the first quarter of 2017 through a cumulative effect adjustment of $68.1 million recorded as a credit to retained earnings as of January 1, 2017. Tax benefit is calculated using the federal statutory rate of 21% during the years ended December 31, 2019 and December 31, 2018, and 35% for the year ended December 31, 2017.
At December 31, 2019, total unrecognized share-based compensation expense, net of estimated forfeitures, related to non-vested RSUs with service, performance and market conditions was $74.9 million, which is expected to be recognized over a weighted-average period of 1.3 years. The total intrinsic value of stock options exercised during the year ended December 31, 2019 was $3.9 million.
The Company received cash of $1.7 million and $26.2 million from the exercise of stock options and the issuance of shares under the ESPP, respectively. Upon option exercise, vesting of RSUs, stock grant awards, or completion of a purchase under the ESPP, the Company issues new shares of common stock.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Cost of revenue | $10.6 | $7.0 | $6.0
Research and development | 17.0 | 14.3 | 12.5
Selling and marketing | 14.8 | 14.1 | 11.7
General and administrative | 37.0 | 42.9 | 39.6
Share-based compensation expense | 79.4 | 78.3 | 69.8
Related income tax benefits at federal rate (1) | (16.7) | (16.4) | (24.4)
Share-based compensation expense, net of taxes | $62.7 | $61.9 | $45.4


Question: What is the change in Cost of revenue from December 31, 2018 to 2019?
Answer: 3.6
Calculation: 10.6-7.0
Our Net Financial Position as of December 31, 2019 was a net cash position of $672 million, decreasing compared to the net cash position of $686 million at December 31, 2018.
At December 31, 2019, our financial debt was $2,072 million, composed of (i) $173 million of current portion of long-term debt and (ii) $1,899 million of long-term debt. The breakdown of our total financial debt included: (i) $1,354 million in the senior unsecured convertible bonds issued in 2017, (ii) $706 million in European Investment Bank loans (the “EIB Loans”), and (iii) $12 million in loans from other funding programs and other long-term loans.
The EIB Loans are comprised of three long-term amortizing credit facilities as part of our R&D funding programs. The first, signed in 2010, is a €350 million multi-currency loan to support our industrial and R&D programs. It was drawn mainly in U.S. dollars for an amount of $321 million and only partially in Euros for an amount of €100 million, of which $55 million remained outstanding as of December 31, 2019.
The second, signed in 2013, is a €350 million multi-currency loan which also supports our R&D programs. It was drawn in U.S. dollars for an amount of $471 million, of which $118 million is outstanding as of December 31, 2019. The third, signed in August 2017 for a total aggregate amount of €500 million in relation to R&D and capital expenditure investments in the European Union. It was fully drawn in Euros corresponding to $533 million outstanding as of December 31, 2019.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (In millions) | 
Cash and cash equivalents | $2,597 | $2,266 | $1,759
Restricted cash | 10 | — | —
Short-term deposits | 4 | — | —
Marketable securities | 133 | 330 | 431
Total financial resources | 2,744 | 2,596 | 2,190
Short-term debt, including bank overdrafts | (173) | (146) | (118)
Long-term debt | (1,899) | (1,764) | (1,583)
Total financial debt | (2,072) | (1,910) | (1,701)
Net Financial Position | $672 | $686 | $489


Question: What is the average restricted cash?
Answer: 3.33
Calculation: (10 + 0 + 0) / 3