hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Revenues. Revenues increased by 25% to RMB105.8 billion for the fourth quarter of 2019 on a year-on-year basis. The following table sets forth our revenues by line of business for the fourth quarter of 2019 and the fourth quarter of 2018:
Revenues from VAS increased by 20% to RMB52,308 million for the fourth quarter of 2019 on a year-on-year basis. Online games revenues grew by 25% to RMB30,286 million. The increase was primarily driven by revenue growth from smart phone games in both domestic and overseas markets, including titles such as Peacekeeper Elite and PUBG Mobile, as well as revenue contributions from Supercell titles, partly offset by lower revenues from PC client games such as DnF. Social networks revenues increased by 13% to RMB22,022 million. The increase mainly reflected greater contributions from digital content services such as live broadcast and music streaming services. Total smart phone games revenues (including smart phone games revenues attributable to our social networks business) were RMB26,035 million and PC client games revenues were RMB10,359 million for the fourth quarter of 2019.
Revenues from FinTech and Business Services increased by 39% to RMB29,920 million for the fourth quarter of 2019 on a year-on-year basis. The increase was primarily due to greater revenue contributions from commercial payment, as well as revenue growth from cloud services as a result of deeper penetration in key verticals.
Revenues from Online Advertising increased by 19% to RMB20,225 million for the fourth quarter of 2019 on a year-onyear basis. Social and others advertising revenues increased by 37% to RMB16,274 million. The increase was mainly driven by advertising revenue growth from Weixin Moments and our mobile advertising network. Media advertising revenues decreased by 24% to RMB3,951 million. The decrease primarily reflected lower advertising revenues from our media platforms including Tencent Video and Tencent News due to uncertain broadcasting schedules and fewer telecasts of sports events.
Table:
 | Unaudited |  |  | 
 | Three months ended |  |  | 
 | 31 December 2019 |  | 31 December 2018 | 
 |  | % of total |  | % of total
 | Amount | revenues | Amount | revenues
 |  |  | (Restated) | (Restated)
 | (RMB in millions, unless specified) |  |  | 
VAS | 52,308 | 50% | 43,651 | 51%
FinTech and Business Services | 29,920 | 28% | 21,597 | 26%
Online Advertising | 20,225 | 19% | 17,033 | 20%
Others | 3,314 | 3% | 2,615 | 3%
Total revenues | 105,767 | 100% | 84,896 | 100%


Question: What was the primary reason for the increase in VAS revenue between the fourth quarter of 2018 and 2019?
Answer: The increase was primarily driven by revenue growth from smart phone games in both domestic and overseas markets, including titles such as Peacekeeper Elite and PUBG Mobile, as well as revenue contributions from Supercell titles, partly offset by lower revenues from PC client games such as DnF.
Share-Based Compensation Expense
The following table sets forth the total share-based compensation expense included in our consolidated statements of operations (amounts in millions):
Table:
 |  | For the Years Ended December 31, | 
 | 2019 | 2018 | 2017
Cost of revenues—product sales: Software royalties, amortization, and intellectual property licenses | $19 | $13 | $10
Cost of revenues—subscription, licensing, and other revenues: Game Operations and Distribution Costs | 1 | 2 | 1
Cost of revenues—subscription, licensing, and other revenues: Software royalties, amortization, and intellectual property licenses | 1 | 3 | 3
Product development | 53 | 61 | 57
Sales and marketing | 10 | 15 | 15
General and administrative | 82 | 115 | 92
Share-based compensation expense before income taxes | 166 | 209 | 178
Income tax benefit | (29) | (46) | (34)
Total share-based compensation expense, net of income tax benefit | $137 | $163 | $144


Question: What was the change in sales and marketing between 2018 and 2019?
Answer: -5
Calculation: 10-15
6. Supplemental Financial Information
Cash and cash equivalents (in millions):
The following table presents cash and cash equivalents as reported in our consolidated balance sheets, as well as the sum of cash, cash equivalents and restricted cash as reported on our consolidated statement of cash flows in accordance with our adoption of the ASU discussed in Note 1 – Description of Business and Significant Accounting Policies.
Table:
 | April 26, 2019 | April 26, 2018
Cash | $ 2,216 | $ 2,727
Cash equivalents | 109 | 214
Cash and cash equivalents | $ 2,325 | $ 2,941
Short-term restricted cash | 5 | 5
Long-term restricted cash | 1 | 1
Restricted cash | $ 6 | $ 6
Cash, cash equivalents and restricted cash | $ 2,331 | $ 2,947


Question: What was the amount of cash equivalents in 2018?
Answer: 214
The purchase was accounted for as a transaction between entities under common control. Assets and liabilities transferred were recorded at historical carrying amounts of Pivotal on the date of the transfer, except for certain goodwill and intangible assets that were recorded in the amounts previously recognized by Dell for Pivotal in connection with Dell’s acquisition of EMC during fiscal 2016. VMware’s previous investment in Pivotal, including any unrealized gain or loss previously recognized in other income (expense), net on the consolidated statements of income, were derecognized. Transactions with Pivotal that were previously accounted for as transactions between related parties were eliminated in the consolidated financial statements for all periods presented. All intercompany transactions and account balances between VMware and Pivotal have been eliminated upon consolidation for all periods presented.
The effect of the change from the combination to the consolidated statements of income was as follows (amounts in millions, except per share amounts):
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Total revenue | $777 | $639 | $474
Operating income | (287) | (247) | (239)
Net income | (204) | (832) | (234)
Net income attributable to VMware | (148) | (772) | (222)
Net income per weighted-average share attributable to VMware common stockholders, basic for Classes A and B | $(0.63) | $(1.95) | $(0.56)
Net income per weighted-average share attributable to VMware common stockholders, diluted for Classes A and B | $(0.67) | $(1.93) | $(0.56)
Other comprehensive income (loss) | $— | $(26) | $35


Question: What was the total revenue in 2020?
Answer: 777
6. Property and Equipment, Net
Property and equipment, net was comprised of the following (amounts in millions):
Depreciation expense for the years ended December 31, 2019, 2018, and 2017 was $124 million, $138 million, and $130 million, respectively.
Table:
 | At December 31, | 
 | 2019 | 2018
Land | $1 | $1
Buildings | 4 | 4
Leasehold improvements | 252 | 248
Computer equipment | 654 | 700
Office furniture and other equipment | 91 | 99
Total cost of property and equipment | 1,002 | 1,052
Less accumulated depreciation | (749) | (770)
Property and equipment, net | $253 | $282


Question: What was the depreciation expense for 2019?
Answer: $124 million
net unfunded credit commitments .

Table:
december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835
commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .
at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .
the comparable amount at december 31 , 2006 was $ 8.3 billion .
commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .
based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .
consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .
unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .
note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .
at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .
at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .
certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .
all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .
the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .
during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .

Question: consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments . what is this amount in 2007 in millions of dollars?
Answer: 8699.4
Calculation: multiply(80%, 10875)
Diluted earnings per share. Diluted earnings per share for fiscal 2019 and 2018, as well as information as to the effects of special events that occurred in the indicated periods, as previously discussed and detailed below, were as follows (dollars in millions):
(1) We believe the non-GAAP presentation of diluted earnings per share excluding special tax items, consisting of those related to Tax Reform and a change in our permanent reinvestment assertions related to undistributed earnings of two foreign subsidiaries, as well as restructuring costs and the one-time employee bonus, provide additional insight over the change from the comparative reporting periods by eliminating the effects of special or unusual items. In addition, the Company believes that its diluted earnings per share, as adjusted, enhances the ability of investors to analyze the Company’s operating performance and supplements, but does not replace, its diluted earnings per share calculated in accordance with U.S. GAAP.
Diluted earnings per share increased to $3.50 in fiscal 2019 from $0.38 in fiscal 2018 primarily as a result of increased net income due to the factors discussed above and a reduction in diluted shares outstanding due to repurchase activity under the Company's stock repurchase plans.
Table:
 | 2019 | 2018
Diluted earnings per share, as reported (GAAP) | $3.50 | $0.38
Restructuring costs, net of tax  | 0.05 | —
U.S. Tax Reform  | 0.23 | 2.46
Accumulated foreign earnings assertion  | (0.35) | 
One-time employee bonus, net of tax  | — | 0.39
Diluted earnings per share, as adjusted (non-GAAP) (1) | $3.43 | $3.23


Question: What was the diluted earnings per share in 2019?
Answer: 3.50
Cash Flow
Cash flow from operating activities was up by €1.0 billion mainly driven by working capital improvement in 2019 compared to the prior year which was impacted by the disposal of spreads. Gross margin improvement had a favourable contribution a result of strong delivery from 5-S savings programmes. Overheads and brand and marketing efficiencies also had a favourable contribution as a result of our zero-based-budgeting programme.
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
* Certain measures used in our reporting are not defined under IFRS. For further
information about these measures, please refer to the commentary on non-GAAP
measures on pages 27 to 32.
Net cash outflow as a result of investing activities was €2.2 billion compared to an inflow of €4.6 billion in the prior year which included €7.1 billion from the disposal of spreads business.
Net outflow from financing activities was €4.7 billion compared to €12.1
billion in the prior year. 2018 included €6.0 billion relating to repurchase of
shares. In 2019 borrowings net of repayments was €1.4 billion higher than
the prior year.
Table:
 | € million | € million
 | 2019 | 2018
 |  | (Restated)(a)
Operating profit | 8,708 | 12,639
Depreciation, amortisation and impairment | 1,982 | 2,216
Changes in working capital | (9) | (793)
Pensions and similar obligations less Payments | (260) | (128)
Provision less payments | 7 | 55
Elimination of (profits)/losses on disposals | 60 | (4,313)
Non-cash charge for share-based compensation | 151 | 196
Other adjustments | 2 | (260)
Cash flow from operating activities | 10,641 | 9,612
Income tax paid | (2,532) | (2,294)
Net capital expenditure | (1,429) | (1,424)
Net interest and preference dividends paid | (548) | (461)
Free cash flow* | 6,132 | 5,433
Net cash flow (used in)/from investing activities | (2,237) | 4,644
Net cash flow (used in)/from financing activities | (4,667) | (12,113)


Question: What is the increase / (decrease) in the Free Cash Flow?
Answer: 699
Calculation: 6,132 - 5,433
During the year ended 31 December 2019, the Company repurchased 3,486,700 shares on the Stock Exchange for an aggregate consideration of approximately HKD1.16 billion before expenses. The repurchased shares were subsequently cancelled. The repurchase was effected by the Board for the enhancement of shareholder value in the long term. Details of the shares repurchased are as follows:
Save as disclosed above and in Note 32 to the consolidated financial statements, neither the Company nor any of its subsidiaries has purchased, sold or redeemed any of the Company’s shares during the year ended 31 December 2019.
Table:
 | Purchase consideration per share |  |  | 
 |  |  |  | Aggregate
 | No. of shares | Highest | Lowest | consideration
Month of purchase in 2019 | purchased | price paid | price paid | paid
 |  | HKD | HKD | HKD
August | 362,200 | 327.00 | 312.40 | 116,330,916
September | 2,294,500 | 351.00 | 323.60 | 776,104,729
October | 830,000 | 327.80 | 317.40 | 268,272,462
Total: | 3,486,700 |  |  | 1,160,708,107


Question: What percentage of total shares purchased is the September share purchase?
Answer: 65.81
Calculation: 2,294,500/3,486,700
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)
Fair value change in FCR liability
The following table reconciles the beginning and ending measurements of our FCR liability and highlights the activity that drove the fair value change in FCR liability included in our cost of revenue.
(1) Includes: (i) incentive payments from Bank Partners, which is the surplus of finance charges billed to borrowers over an agreedupon portfolio yield, a fixed servicing fee and realized net credit losses, (ii) cash received from recoveries on previously charged-off Bank Partner loans, and (iii) the proceeds received from transferring our rights to Charged-Off Receivables (as defined below) attributable to previously charged-off Bank Partner loans. We consider all monthly incentive payments from Bank Partners during the period to be related to billed finance charges on deferred interest products until monthly incentive payments exceed total billed finance charges on deferred products, which did not occur during any of the periods presented.
(2) Represents the reversal of previously billed finance charges associated with deferred payment loan principal balances that were repaid within the promotional period.
(3) A fair value adjustment is made based on the expected reversal percentage of billed finance charges (expected settlements), which is estimated at each reporting date. The fair value adjustment is recognized in cost of revenue in the Consolidated Statements of Operations.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Beginning balance | $138,589 | $94,148 | $68,064
Receipts(1) | 159,527 | 129,153 | 109,818
Settlements(2) | (262,449) | (181,590) | (127,029)
Fair value changes recognized in cost of revenue(3) | 170,368 | 96,878 | 43,295
Ending balance | $206,035 | $138,589 | $94,148


Question: How many years did the Fair value changes recognized in cost of revenue exceed $100,000 thousand?
Answer: 1
Calculation: 2019
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended December 31,
2019, 2018 and 2017 (in thousands):
Our unrecognized tax benefits totaled $11.2 million and $7.1 million as of December 31, 2019 and 2018, respectively. Included in these amounts are unrecognized tax benefits totaling $10.2 million and $5.4 million as of December 31, 2019 and 2018, respectively, which, if recognized, would affect the effective tax rate.
these amounts are unrecognized tax benefits totaling $10.2 million and $5.4 million as of December 31, 2019 and 2018, respectively,
which, if recognized, would affect the effective tax rate.
We recognize potential accrued interest and penalties related to unrecognized tax benefits within our global operations in income tax expense. For the years ended December 31, 2019, 2018 and 2017, the Company recognized the following income tax expense: $0.5 million, $0.5 million, and $0.3 million, respectively, for the potential payment of interest and penalties. Accrued interest and penalties were $1.7 million and $2.1 million for the years ended December 31, 2019 and 2018. We conduct business globally and, as a result, files income tax returns in the United State federal jurisdiction and in many state and foreign jurisdictions. We are generally no longer subject to U.S. federal, state, and local, or non-US income tax examinations for the years before 2012. Due to the expiration of statutes of limitations in multiple jurisdictions globally during 2020, the Company anticipates it is reasonably possible that unrecognized tax benefits may decrease by $3.1 million.
Table:
 | December 31, |  | 
 | 2019 | 2018 | 2017
Unrecognized tax benefits at January 1,    | (7,113 )    | (7,419 )    | (6,938 ) 
Gross amount of increases in unrecognized tax benefits as a
result of tax positions taken during a prior period | (2,428 )      | (873 )      | (789 ) 
Gross amount of decreases in unrecognized tax benefits as a Gross amount of decreases in unrecognized tax benefits as a result of tax positions taken during a prior period | 445 | 233 | 145
Gross amount of increases in unrecognized tax benefits as a
result of tax positions taken during the current period | (2,489 )      | (78 )      | -
Reductions to unrecognized tax benefits relating to settlements with taxing authorities | - | 349 | -
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations | 346 | 675 | 163
Unrecognized tax benefits at December 31,    | (11,239 )    | (7,113 )    | (7,419 ) 


Question: What is the change in unrecognised tax benefits between December 31, 2019 and 2018?
Answer: 4126
Calculation: 11,239-7,113
Balance sheet
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details
Goodwill and intangible assets increased to €31.0 billion (2018: €29.5 billion) mainly as a result of acquisitions which contributed €1.2 billion and favourable currency impact of €0.5 billion driven by strengthening of the US Dollar and Pound Sterling.
In current assets, cash and cash equivalents increased by €1.0 billion. The increase is primarily due to strong cash delivery in several countries which will be used to repay short term debt in due course.
Current and non-current financial liabilities increased by €1.5 billion as a result of commercial paper issue and bank borrowings.
The net pension plan deficit was lower than prior year by €0.7 billion as
gains from investment performance exceeded the increase in liabilities.
Table:
 | € million | € million
 | 2019 | 2018
 |  | (Restated)(a)
Goodwill and intangible assets | 31,029 | 29,493
Other non-current assets | 17,347 | 16,140
Current assets | 16,430 | 15,478
Total assets | 64,806 | 61,111
Current liabilities | 20,978 | 20,150
Non-current liabilities | 29,942 | 28,844
Total liabilities | 50,920 | 48,994
Shareholders’ equity | 13,192 | 11,397
Non-controlling interest | 694 | 720
Total equity | 13,886 | 12,117
Total liabilities and equity | 64,806 | 61,111


Question: What is the percentage increase / (decrease) in Total Assets from 2018?
Answer: 6.05
Calculation: 64,806 / 61,111 - 1
Our net sales by offering category for North America for 2019 and 2018, were as follows (dollars
in thousands):
Net sales in North America increased 12%, or $661.3 million, in 2019 compared to 2018. This increase reflects the addition of PCM, which reported $716.1 million in net sales in 2019, partially offset by a decline in net sales of the core business of $51.3 million. Net sales of hardware, software and services increased 10%, 14% and 25%, respectively, year over year.
Table:
 | North America |  | 
SalesMix | 2019 | 2018 | %Change
Hardware | $3,957,507 | $3,610,356 | 10%
Software | 1,269,983 | 1,112,715 | 14%
Services | 796,815 | 639,910 | 25%
 | $6,024,305 | $5,362,981 | 12%


Question: How much did the Net sales in North America increased in 2019 compared to 2018?
Answer: $661.3 million
Stock Options—Stock options are typically granted at prices not less than 100% of market value of the underlying stock at the date of grant. Stock options typically vest over a period of 3 to 5 years from the grant date and expire 10 years after the grant date. The Company recorded $32.0, $23.2, and $18.3 of compensation expense relating to outstanding options during 2019, 2018 and 2017, respectively, as a component of general and administrative expenses at Corporate.
The Company estimates the fair value of its option awards using the Black-Scholes option valuation model. The stock volatility for each grant is measured using the weighted-average of historical daily price changes of the Company’s common stock over the most recent period equal to the expected life of the grant. The expected term of options granted is derived from historical data to estimate option exercises and employee forfeitures, and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The weighted-average fair value of options granted in 2019, 2018 and 2017 were calculated using the following weighted-average assumptions:
Table:
 | 2019 | 2018 | 2017
Weighted-average fair value ($) | 68.05 | 57.75 | 40.87
Risk-free interest rate (%) | 2.37 | 2.65 | 2.03
Average expected option life (years) | 5.42 | 5.32 | 5.26
Expected volatility (%) | 19.22 | 18.05 | 18.74
Expected dividend yield (%) | 0.58 | 0.59 | 0.67


Question: How are stock options typically granted?
Answer: at prices not less than 100% of market value of the underlying stock at the date of grant