hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
MEDIA FINANCIAL RESULTS
REVENUE
Media revenue is earned from:
• advertising sales across its television, radio, and digital media properties; • subscriptions to televised and OTT products; • ticket sales, fund redistribution and other distributions from MLB, and concession sales; and • retail product sales.
The 4% decrease in revenue this year was a result of: • the sale of our publishing business in the second quarter of 2019; and • lower revenue at the Toronto Blue Jays, primarily as a result of a distribution from Major League Baseball in 2018; partially offset by • higher revenue generated by Sportsnet and TSC. Excluding the sale of our publishing business and the impact of the distribution from Major League Baseball last year, Media revenue would have increased by 1% this year.
OPERATING EXPENSES
We record Media operating expenses in four primary categories:
• the cost of broadcast content, including sports programming
and production;
• Toronto Blue Jays player compensation;
• the cost of retail products sold; and
• all other expenses involved in day-to-day operations.
The 2% decrease in operating expenses this year was a result of:
• lower Toronto Blue Jays player compensation; and
• lower publishing-related costs due to the sale of this business;
partially offset by
• higher programming costs; and
• higher cost of sales as a result of higher revenue at TSC.
ADJUSTED EBITDA
The 29% decrease in adjusted EBITDA this year was a result of the
revenue and expense changes described above. Excluding the
impact of the sale of our publishing business in the second quarter
of 2019 and the distribution from Major League Baseball last year,
adjusted EBITDA would have increased by 1% this year.
Table:
 |  | Years ended December 31 | 
(In millions of dollars, except margins) | 2019 | 2018 | %Chg
Revenue | 2,072 | 2,168 | (4)
Operating expenses | 1,932 | 1,972 | (2)
Adjusted EBITDA | 140 | 196 | (29)
Adjusted EBITDA margin | 6.8% | 9.0% | (2.2pts)
Capital expenditures | 102 | 90 | 13


Question: What was the average Operating Expenses?
Answer: 1952
Calculation: (1,932 + 1,972) / 2
Note 3: Debt
A summary of debt is as follows (amounts in thousands):
(1) Amount shown is net of discount, bank issuance costs and other indirect issuance costs of $13.3 million as of March 31, 2018.
(2) Amount shown is net of discount, bank issuance costs and other indirect issuance costs of $8.7 million as of March 31, 2019.
(3) Amount shown is net of discount of $2.1 million as of March 31, 2019.
(4) Amounts shown are net of discounts of $0.6 million and $0.5 million as of March 31, 2019 and 2018, respectively.
Table:
 | March 31, | 
 | 2019 | 2018
Term Loan Credit Agreement (1) | $— | $318,782
TOKIN Term Loan Facility (2) | 276,808 | —
Customer Advances (3) | 11,270 | —
Other, net (4) | 6,393 | 5,841
Total debt | 294,471 | 324,623
Current maturities | (28,430) | (20,540)
Total long-term debt | $266,041 | $304,083


Question: What was the change in current maturities between 2018 and 2019?
Answer: -7890
Calculation: -28,430-(-20,540)
Cash Flows
The following table sets forth summary cash flow data for the periods indicated (in thousands).
Cash Flow from Operating Activities
Net cash flows provided by operating activities for the year ended December 31, 2019, were $137.6 million as compared to $183.9 million during the same period in 2018. Net cash provided by operating activities primarily consists of net income adjusted to add back depreciation, amortization, and stock-based compensation. Cash flows provided by operating activities were $46.3 million lower for the year ended December 31, 2019, compared to the same period in 2018, due to the timing of working capital. Our current policy is to use our operating cash flow primarily for funding capital expenditures, lease payments, stock repurchases, and acquisitions.
Cash Flow from Investing Activities
During the year ended December 31, 2019, we paid $753.9 million, net of $0.1 million in cash acquired, to acquire Speedpay. We also used cash of $18.5 million to invest in a payment technology and services company in India and $7.0 million to acquire the technology assets of RevChip, LLC and TranSend Integrated Technologies Inc. In addition, we used cash of $48.0 million to purchase software, property and equipment, as compared to $43.9 million during the same period in 2018.
Cash Flow from Financing Activities
Net cash flows provided by financing activities for the year ended December 31, 2019, were $667.2 million, as compared to net cash flows used by financing activities of $57.7 million during the same period in 2018. During 2019, we received proceeds of $500.0 million from our Delayed Draw Term Loan and $280.0 million from our Revolving Credit Facility to fund our purchase of Speedpay and stock repurchases, and we repaid $28.9 million on the Initial Term Loan and $41.0 million on the Revolving Credit Facility. In addition, we received proceeds of $16.6 million from the exercise of stock options and the issuance of common stock under our 2017 Employee Stock Purchase Plan, as amended, and used $4.0 million for the repurchase of stock-based compensation awards for tax withholdings. During 2019, we also used $35.6 million to repurchase common stock. During 2018, we received proceeds of $400.0 million from the issuance of the 2026 Notes. We used $300.0 million of the proceeds to redeem, in full, our outstanding 6.375% Senior Notes due 2020 and repaid $109.3 million on the Initial Term Loan. In addition, during 2018, we received proceeds of $22.8 million from the exercise of stock options and the issuance of common stock under our 2017 Employee Stock Purchase Plan, as amended, and used $2.6 million for the repurchase of restricted share awards ("RSAs") for tax withholdings. During 2018, we also used $54.5 million to repurchase common stock.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net cash provided by (used in): |  | 
Operating activities | $137,649 | $183,932
Investing activities | -830,481 | -45,360
Financing activities | 667,223 | -57,704


Question: What was the percentage change in net cash from financing activities between 2018 and 2019?
Answer: 1256.29
Calculation: (667,223+57,704)/57,704
Provision (Benefit) For Income Taxes
Provision for income taxes reflects the tax provision on our operations in foreign and U.S. jurisdictions, offset by tax benefits from a partial release of valuation allowance against U.S. federal and state deferred tax assets ("DTAs") and from lapsing of statute of limitations related to uncertain tax positions in foreign jurisdictions. As of December 28, 2019, we maintain a valuation allowance of $36.6 million primarily against our California deferred tax assets and foreign tax credits, due to uncertainty about the future realization of these assets.
The benefit for income taxes in fiscal 2018 includes a $75.8 million reduction to our valuation allowance on our U.S. deferred tax assets as sufficient positive evidence existed to support the realization of such DTAs. The effective tax rate in fiscal 2018 also benefited from a lower statutory tax rate in the U.S., partially offset by higher profits in foreign jurisdictions.
Our effective tax rate may vary from period to period based on changes in estimated taxable income or loss by jurisdiction, changes to the valuation allowance, changes to U.S. federal, state or foreign tax laws, future expansion into areas with varying country, state, and local income tax rates, deductibility of certain costs and expenses by jurisdiction.
Table:
 |  | Fiscal Year Ended | 
 | December 28, 2019 | December 29, 2018 | December 30, 2017
 |  | (Dollars in thousands) | 
Provision (benefit) for income taxes | $11,717 | $(70,109) | $1,293
Effective tax rate | 22.9 % | (206.6) % | 3.1 %


Question: What was the reduction to valuation allowance in 2018?
Answer: $75.8 million
Disaggregated Revenue
The Company has disaggregated revenue from contracts with customers into categories which depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Consequently, the disaggregation below is based on contract type.
Since the terms within these contract types are generally standard in nature, the Company does not believe that further disaggregation would result in increased insight into the economic factors impacting revenue and cash flows.
The following table shows the Company's shipping revenues disaggregated by nature of the charter arrangement for the years ended December 31, 2019 and 2018:
(1) Voyage charter revenues include approximately $10,152 and $7,600 of revenue related to short-term time charter contracts for the years ended December 31, 2019 and 2018, respectively.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Time and bareboat charter revenues | $263,683 | $213,923
Voyage charter revenues(1) | 33,275 | 83,542
Contracts of affreightment revenues | 58,589 | 68,698
Total shipping revenues | $355,547 | $366,163


Question: What was the Time and bareboat charter revenues revenues in 2019 and 2018 respectively?
Answer: $263,683, $213,923
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and / or Manager:
Table:
 |  |  | (` lakh)
Particulars of Remuneration | Name of MD/WTD/Manager |  | 
 | Rajesh Gopinathan Chief Executive Officer and Managing Director | N Ganapathy Subramaniam Chief Operating Officer and Executive Director | Total Amount
Gross salary |  |  | 
(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961 | 115.74 | 109.02 | 224.76
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 | 126.76 | 13.30 | 140.06
(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 | - | - | -
2. Stock Option | - | - | -
3.Sweat Equity | - | - | -
4.Commission | 1,300.00 | 900.00 | 2,200.00
as % of profit | 0.03 | 0.02 | 0.05
5.Others, Allowances | 60.35 | 138.76 | 199.11
Total (A) | 1,602.85 | 1,161.08 | 2,763.93
Ceiling as per the Act (@ 10% of profits calculated under Section 198 of the Companies Act, 2013) |  |  | 404,348.06


Question: What is the total gross salary of the CEO and MD?
Answer: 242.5
Calculation: 115.74+126.76
COMPENSATION DISCUSSION AND ANALYSIS
IV. Our 2019 Compensation Program and Components of Pay The table below shows (i) the length of the “protected period” afforded to officers following a change of control and (ii) the multiple of salary and bonus payment and years of welfare benefits to which officers will be entitled if change of control benefits become payable under our agreements and related policies:
For more information on change of control arrangements applicable to our executives, including our rationale for
providing these benefits, see “Executive Compensation—Potential Termination Payments—Payments Made
Upon a Change of Control.” For information on change of control severance benefits payable to our junior
officers and managers, see “—Severance Benefits” in the next subsection below.
Table:
 | Protected Period | Multiple of Annual Cash Compensation | Years of Welfare Benefits
CEO | 2 years | 3 times | 3 years
Other Executives | 1.5 years | 2 times | 2 years
Other Officers | 1 year | 1 time | 1 year


Question: What is the difference in the protected period between CEO and Other Executives?
Answer: 0.5
Calculation: 2-1.5
Equity Compensation Plan Information
The following table summarizes share and exercise price information for our equity compensation plans as of December 31, 2019.
(1) Includes 105,000 shares of our common stock issuable upon exercise of outstanding stock options and 340,000 shares issuable upon vesting of outstanding restricted stock units.
(2) Represents an individual option grant to our Chairman and Chief Executive Officer outside of, and prior to the establishment of, the 2013 Stock Incentive Plan in October 2013 referred to in the above table. The option agreement pertaining to such option grant contain customary anti-dilution provisions.
(3) Does not take into account outstanding restricted stock units as these awards have no exercise price.
Our 2013 Stock Incentive Plan (“2013 Plan”) provides for the grant of any or all of the following types of awards: (a) stock options, (b) restricted stock, (c) deferred stock, (d) stock appreciation rights, and (e) other stock-based awards including restricted stock units. Awards under the 2013 Plan may be granted singly, in combination, or in tandem. Subject to standard anti-dilution adjustments as provided in the 2013 Plan, the 2013 Plan provides for an aggregate of 2,600,000 shares of our common stock to be available for distribution pursuant to the 2013 Plan. The Compensation Committee (or the Board of Directors) will generally have the authority to administer the 2013 Plan, determine participants who will be granted awards under the 2013 Plan, the size and types of awards, the terms and conditions of awards and the form and content of the award agreements representing awards. Awards under the 2013 Plan may be granted to our employees, directors and consultants. As of December 31, 2019, there were options to purchase an aggregate of 605,000 shares of common stock outstanding and 340,000 shares issuable upon vesting of outstanding restricted stock units granted under the 2013 Plan, and a balance of 1,780,505 shares of common stock are reserved for issuance under the 2013 Plan.
Table:
 | Number of securities to be issued upon exercise of outstanding options and rights | Weighted-average exercise price of outstanding options and rights | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column(a))
 | (a) | (b) | (c)
Equity compensation plans approved by security holders | 445,000(1) | $2.34(3) | 1,780,505
Equity compensation plans not approved by security holders | 500,000(2) | $1.19 | —
Total | 945,000 | $1.39(3) | 1,780,505


Question: Who would have benefited from the equity compensation plans not approved by security holders?
Answer: Chairman and Chief Executive Officer
Cash, Cash Equivalents and Restricted cash — Cash and cash equivalents consist of cash and highly liquid shortterm investments, primarily held in non-interest-bearing investments which have original maturities of less than 90 days. Cash and cash equivalents in the amount of $127.2 million and $128.7 million at December 31, 2019 and 2018, respectively, were primarily held in non-interest-bearing accounts. Cash and cash equivalents of $125.3 million and $115.7 million at December 31, 2019 and 2018, respectively, were held in international operations. Most of these funds will not be subject to additional taxes if repatriated to the United States. There are circumstances where the Company may be unable to repatriate some of the cash and cash equivalents held by its international operations due to country restrictions.
Restricted cash includes cash whereby the Company’s ability to use the funds at any time is contractually limited or is generally designated for specific purposes arising out of certain contractual or other obligations.
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported in the Consolidated Balance Sheets that sum to the amounts reported in the Consolidated Statements of Cash Flows (in thousands):
Table:
 |  | December 31, |  | 
 | 2019 | 2018 | 2017 | 2016
Cash and cash equivalents | $127,246 | $128,697 | $343,734 | $266,675
Restricted cash included in "Other current assets" | 568 | 149 | 154 | 160
Restricted cash included in "Deferred charges and other assets" | 1,371 | 1,385 | 917 | 759
 | $129,185 | $130,231 | $344,805 | $267,594


Question: What was the change in Restricted cash included in "Deferred charges and other assets" in 2017 from 2016?
Answer: 158
Calculation: 917-759
jpmorgan chase & co./2016 annual report 35 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2011 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2011 2012 2013 2014 2015 2016 .

Table:
december 31 ( in dollars ) | 2011 | 2012 | 2013 | 2014 | 2015 | 2016
jpmorgan chase | $ 100.00 | $ 136.18 | $ 186.17 | $ 204.57 | $ 221.68 | $ 298.31
kbw bank index | 100.00 | 133.03 | 183.26 | 200.42 | 201.40 | 258.82
s&p financial index | 100.00 | 128.75 | 174.57 | 201.06 | 197.92 | 242.94
s&p 500 index | 100.00 | 115.99 | 153.55 | 174.55 | 176.95 | 198.10
december 31 , ( in dollars ) .

Question: what was the 5 year return of jpmorgan chase's stock?
Answer: 198.31%
Calculation: subtract(298.31, const_100), divide(#0, const_100)
the following table illustrates the pro forma effect on net income and earnings per share as if all outstanding and unvested stock options in 2005 were accounted for using estimated fair value . 2005year ended december 31 .

Table:
year ended december 31, | 2005
( in millions except per share amounts ) | 
net income as reported | $ 838
add : stock option compensation expense included in reported net income net of related taxes | 20
deduct : total stock option compensation expense determined under fair value method for all awards net of related taxes | -27 ( 27 )
pro forma net income | $ 831
earnings per share: | 
basic 2014as reported | $ 2.53
basic 2014pro forma | 2.51
diluted 2014as reported | 2.50
diluted 2014pro forma | 2.48
basic earnings per share is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period , which excludes unvested shares of restricted stock .
diluted earnings per share is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period and the shares representing the dilutive effect of stock options and awards and other equity-related financial instruments .
the effect of stock options and restricted stock outstanding is excluded from the calculation of diluted earnings per share in periods in which their effect would be antidilutive .
special purpose entities : we are involved with various legal forms of special purpose entities , or spes , in the normal course of our business .
we use trusts to structure and sell certificated interests in pools of tax-exempt investment-grade assets principally to our mutual fund customers .
these trusts are recorded in our consolidated financial statements .
we transfer assets to these trusts , which are legally isolated from us , from our investment securities portfolio at adjusted book value .
the trusts finance the acquisition of these assets by selling certificated interests issued by the trusts to third-party investors .
the investment securities of the trusts are carried in investments securities available for sale at fair value .
the certificated interests are carried in other short-term borrowings at the amount owed to the third-party investors .
the interest revenue and interest expense generated by the investments and certificated interests , respectively , are recorded in net interest revenue when earned or incurred. .

Question: what is the number of outstanding shares based on the eps , ( in millions ) ?
Answer: 331.2
Calculation: divide(838, 2.53)
Unaudited Pro Forma Financial Information
The pro forma financial information in the table below presents the combined results of operations for ACI and Speedpay as if the acquisition had occurred January 1, 2018. The pro forma information is shown for illustrative purposes only and is not necessarily indicative of future results of operations of the Company or results of operations of the Company that would have actually occurred had the transaction been in effect for the periods presented. This pro forma information is not intended to represent or be indicative of actual results had the acquisition occurred as of the beginning of each period, and does not reflect potential synergies, integration costs, or other such costs or savings.
Certain pro forma adjustments have been made to net income (loss) for the year ended December 31, 2019 and 2018, to give effect to estimated adjustments that remove the amortization expense on eliminated Speedpay historical identifiable intangible assets, add amortization expense for the value of acquired identified intangible assets (primarily acquired software, customer relationships, and trademarks), and add estimated interest expense on the Company’s additional Delayed Draw Term Loan and Revolving Credit Facility borrowings. Additionally, certain transaction expenses that are a direct result of the acquisition have been excluded from the year ended December 31, 2019.
The following is the unaudited summarized pro forma financial information for the periods presented (in thousands, except per share data):
Walletron
On May 9, 2019, the Company also completed the acquisition of Walletron, which delivers patented mobile wallet technology. The Company has included the financial results of Walletron in the consolidated financial statements from the date of acquisition, which were not material.
RevChip and TranSend
On October 1, 2019, the Company acquired certain technology assets of RevChip, LLC ("RevChip") and TranSend Integrated Technologies Inc. ("TranSend") for a combined $7.0 million. As substantially all of the value was in the developed technology, the purchase was recognized as an asset acquisition. The Company has included the financial results of RevChip and TranSend in the consolidated financial statements from the date of acquisition, which were not material.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Pro forma revenue | $1,382,957 | $1,361,729
Pro forma net income | $82,003 | $88,428
Pro forma income per share: |  | 
Basic | $ 0.71 | $ 0.76
Diluted | $ 0.69 | $ 0.75


Question: What was the percentage change in pro forma net income between 2018 and 2019?
Answer: -7.27
Calculation: ($82,003-$88,428)/$88,428
Quarterly Financial Data (Unaudited)
Quarterly results for the years ended June 30, 2019 and 2018 are as follow (in thousands, except per share amounts).
Table:
 | June 30,
2019 | March 31,
2019 | December 31,
2018 | September 30,
2018
Net revenues  | $252,359 | $250,864 | $252,680 | $239,886
Gross profit  | $138,946 | $138,919 | $141,299 | $132,071
Net (loss) income (1)  | $(17,055) | $(6,932) | $7,199 | $(9,065)
Net (loss) income per share – basic  | $(0.14) | $(0.06) | $0.06 | $(0.08)
Net (loss) income per share – diluted  | $(0.14) | $(0.06) | $0.06 | $(0.08)


Question: What was the basic net (loss) income per share in December 31, 2018?
Answer: 0.06