hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
9. Debtors
The Directors consider that the carrying amount of trade and other debtors approximates their fair value.
The Company has no significant concentration of credit risk attributable to its trade debtors as the exposure is spread over a large number of customers.
Assets recognised from costs to obtain a contract relate to capitalised incremental costs to obtain a contract, being sales commissions arising on contracts with customers of more than one year in length. No assets were impaired or derecognised during the current year or prior year.
Table:
 |  | 2019 | 2018
 | Notes | £ million | £ million
Due within one year |  |  | 
Trade debtors |  | 5.2 | 7.0
Owed by subsidiaries |  | 13.7 | 9.6
Other debtors |  | 0.2 | 0.7
Prepayments |  | 0.4 | 0.6
Current tax asset |  | 1.0 | 0.6
Deferred tax | 13 | – | 1.3
Assets recognised from costs to obtain a contract |  | 0.1 | 0.1
 |  | 20.6 | 19.9
Due after one year |  |  | 
Defined benefit pension plan surplus | 3 | 8.8 | 2.0


Question: What do the assets recognised from costs to obtain a contract relate to?
Answer: capitalised incremental costs to obtain a contract, being sales commissions arising on contracts with customers of more than one year in length
FNF
We are party to certain agreements with FNF, including agreements that were entered into when we were related parties. As a result of the Distribution, FNF no longer has an ownership interest in us, but was still considered a related party until December 1, 2019 due to the combination of certain shared board members, members of senior management and various agreements. As of December 1, 2019, the Chairman of our Board of Directors no longer serves as one of our executive officers, and FNF is no longer considered a related party.
We have various agreements with FNF to provide software, data and analytics services, as well as corporate shared services and information technology. We are also a party to certain other agreements under which we incur other expenses or receive revenues from FNF.
A detail of the revenues and expenses, net from FNF is as follows (in millions):
(1) Transactions with FNF are summarized through November 30, 2019, the date after which FNF is no longer considered a related party.
We paid to FNF a guarantee fee of 1.0% of the outstanding principal of the Senior Notes (as defined in Note 12 — Long Term Debt) in exchange for the guarantee by FNF of the Senior Notes. For the year ended December 31, 2017, the guarantee fee was included in Interest expense, net on the Consolidated Statements of Earnings and Comprehensive Earnings. On April 26, 2017, the Senior Notes were redeemed, and we are no longer required to pay a guarantee fee.
Table:
 |  | Year ended December 31, | 
 | 2019 (1) | 2018 | 2017
Revenues | $59.5 | $57.6 | $56.8
Operating expenses | 12.5 | 12.1 | 12.3
Guarantee fee | — | — | 1.2


Question: What were the operating expenses in 2017?
Answer: 12.3
A summary of options outstanding and vested as of December 31, 2019 is as follows:
The total intrinsic value of options exercised during 2019, 2018, and 2017 was $318.5 million, $17.4 million, and $6.6 million, respectively.
The weighted average grant date fair value of options granted during the years ended December 31, 2019, 2018, and 2017, was $19.80, $9.07, and $6.44 per share, respectively. During the year ended December 31, 2019, 2,141,078 options vested. There were 2,939,947 options unvested as of December 31, 2019.
As of December 31, 2019, $30.3 million of total unrecognized compensation cost related to stock options was expected to be recognized over a weighted average period of approximately 2.5 years.
Table:
 | Options Outstanding |  | Options Vested and Exercisable | 
Exercise Prices | Number Outstanding | Weighted Average Life (in Years) | Number Vested and Exercisable | Weighted Average Life (in Years)
$1.50 to $1.90 | 32,913 | 1.4 | 32,913 | 1.4
2.86 to 6.40 | 209,126 | 3.3 | 209,126 | 3.3
8.04 to 11.72 | 498,869 | 4.2 | 498,869 | 4.2
12.20 to 15.06 | 2,227,421 | 6.7 | 1,587,924 | 6.5
16.06 to 24.00 | 1,772,062 | 8.1 | 560,632 | 8.1
31.99 to 42.21 | 847,010 | 9.0 | 42,839 | 8.7
55.10 to 79.25 | 297,341 | 9.5 | 12,492 | 9.3
 | 5,884,742 |  | 2,944,795 | 


Question: What are the weighted average grant date fair value of options granted during the years ended December 31, 2019, 2018, and 2017 respectively?
Answer: $19.80, $9.07, $6.44
NOTE 7 – LEASING
TORM has leases for the office buildings, some vehicles and other administrative equipment. With the exception of short-term leases and leases of low-value assets, each lease is reflected on the balance sheet as a right-of-use asset with a corresponding lease liability. The right-of-use assets are included in the financial statement line item in which the corresponding underlying assets would be presented if they were owned. Please refer to note 6.
As of 31 December 2019, TORM had recognized the following right-of-use assets:
Table:
USDm | Vessels and capitalized dry-docking | Land and buildings | Other plant and operating equipment
Cost: |  |  | 
Balance as of 1 January | 43.3 | - | -
Adjustment on transition to IFRS 16 | - | 9.9 | 0.3
Additions | 1.8 | 0.5 | 0.4
Disposals | -2.7 | - | -0.1
Balance as of 31 December | 42.4 | 10.4 | 0.6
Depreciation: |  |  | 
Balance as of 1 January | 13.4 | - | -
Disposals | -2.7 | - | -
Depreciation for the year | 4.8 | 2.3 | 0.2
Balance as of 31 December | 15.5 | 2.3 | 0.2
Carrying amount as of 31 December | 26.9 | 8.1 | 0.4


Question: Which asset type has the largest depreciation of the year?
Answer: Vessels and capitalized dry-docking
Calculation: 4.8>2.3>0.2
The components of our income tax provision for the years ended December 31, 2019, 2018 and 2017 are as follows (in thousands):
As a result of a loss in a foreign location, we have a net operating loss carry-forward (“NOL”) of approximately $0.3 million
available to offset future income. All $0.3 million of the NOL expires in 2025. We have established a valuation allowance for this
NOL because the ability to utilize it is not more likely than not.
We have tax credit carry-forwards of approximately $5.1 million available to offset future state tax. These tax credit carry-forwards
expire in 2020 to 2029. These credits represent a deferred tax asset of $4.0 million after consideration of the federal benefit of state tax
deductions. A valuation allowance of $1.8 million has been established for these credits because the ability to use them is not more
likely than not.
At December 31, 2019 we had approximately $58.2 million of undistributed earnings and profits. The undistributed earnings and
profits are considered previously taxed income and would not be subject to U.S. income taxes upon repatriation of those earnings, in
the form of dividends. The undistributed earnings and profits are considered to be permanently reinvested, accordingly no provision
for local withholdings taxes have been provided, however, upon repatriation of those earnings, in the form of dividends, we could be
subject to additional local withholding taxes.
Table:
 |  | Year Ended December 31,    | 
 | 2019 | 2018 | 2017
Current:                          |  |  | 
Federal    | $ 18,682 | $ 22,606 | $ 53,998
State      | 5,711 | 6,182 | 6,595
Foreign      | 7,323 | 7,018 | 6,185
 | 31,716 | 35,806 | 66,778
Deferred:                          |  |  | 
Federal      | (863 )     | (3,127 )     | 1,590
State      | (326 )     | (674 )     | 35
Foreign      | (212 )     | (464 )     | (51 ) 
 | (1,401 )     | (4,265 )     | 1,574
Total   | $ 30,315 | $ 31,541 | $ 68,352


Question: What is the change in tax payable between 2017 and 2018?
Answer: 36811
Calculation: 68,352-31,541
General and Administrative Expenses: General and administrative expenses primarily consist of personnel related expenditures for IT, finance, legal and human resources support functions; and professional services fees.
(1) Excluding stock-based compensation
Excluding the effects of currency rate fluctuations, total general and administrative expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to increased professional services fees
Table:
Year Ended May 31, |  |  |  | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
General and administrative (1) | $1,093 | -1% | 2% | $1,102
Stock-based compensation | 172 | -5% | -5% | 180
Total expenses | $1,265 | -1% | 1% | $1,282
% of Total Revenues | 3% |  |  | 3%


Question: What is the average total expenses in 2018 and 2019?
Answer: 1273.5
Calculation: (1,282 + 1,265)/2
Free Cash Flow
We monitor our free cash flow, as a key measure of our overall business performance, which enables us to analyze our financial performance without the effects of certain non-cash items such as depreciation, amortization, and stock-based compensation expenses. Additionally, free cash flow takes into account the impact of changes in deferred revenue, which reflects the receipt of cash payment for products before they are recognized as revenue, and unbilled accounts receivable, which reflects revenue that has been recognized that has yet to be invoiced to our customers.
Our net cash provided by (used in) operating activities is significantly impacted by the timing of invoicing and collections of accounts receivable, the timing and amount of annual bonus payments, as well as payroll and tax payments. Our capital expenditures consisted of purchases of property and equipment, most of which were computer hardware, software, capitalized software development costs, and leasehold improvements.
In fiscal year 2019, free cash flow was impacted by $23.6 million related to the build out and furnishing of our new corporate headquarters in San Mateo, California. For a further discussion of our operating cash flows, see “Liquidity and Capital Resources - Cash Flows.”(in thousands)
Table:
 | Fiscal years ended July 31, | 
 | 2019 | 2018
Net cash provided by operating activities | $116,126 | $140,459
Net cash used for capital expenditures | (48,857) | (12,011)
Free cash flow | $67,269 | $128,448


Question: What impacted the net cash provided by (used in) operating activities?
Answer: the timing of invoicing and collections of accounts receivable, the timing and amount of annual bonus payments, as well as payroll and tax payments.
Telecommunications Segment
Net revenue: Net revenue from our Telecommunications segment for the year ended December 31, 2019 decreased $97.5 million to $696.1 million from $793.6 million for the year ended December 31, 2018. The decrease can be attributed to changes in our customer mix, fluctuations in wholesale voice termination volumes and market pressures, which resulted in a decline in revenue contribution.
Cost of revenue: Cost of revenue from our Telecommunications segment for the year ended December 31, 2019 decreased $94.2 million to $684.9 million from $779.1 million for the year ended December 31, 2018. The decrease was directly correlated to the fluctuations in wholesale voice termination volumes, in addition to a slight reduction in margin mix attributed to market pressures on call termination rates.
Selling, general and administrative: Selling, general and administrative expenses from our Telecommunications segment for the year ended December 31, 2019 decreased $1.2 million to $8.2 million from $9.4 million for the year ended December 31, 2018. The decrease was primarily due to a decrease in compensation expense due to headcount decreases and reductions in bad debt expense.
Other operating expense: $4.5 million of other operating expense for the year ended December 31, 2019 was driven by impairment of goodwill as a result of declining performance at the segment.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Net revenue | $696.1 | $793.6 | $(97.5)
Cost of revenue | 684.9 | 779.1 | (94.2)
Selling, general and administrative | 8.2 | 9.4 | (1.2)
Depreciation and amortization | 0.3 | 0.3 | —
Other operating expense | 4.5 | — | 4.5
Income (loss) from operations | (1.8) | $4.8 | $(6.6)


Question: What was the cost of revenue for the year ended December 31, 2019?
Answer: $684.9 million
notes to consolidated financial statements 236 jpmorgan chase & co./2010 annual report the table below sets forth the accretable yield activity for the firm 2019s pci consumer loans for the years ended december 31 , 2010 , 2009 and .

Table:
year ended december 31 , ( in millions except ratios ) | year ended december 31 , 2010 | year ended december 31 , 2009 | 2008
balance january 1 | $ 25544 | $ 32619 | $ 2014
washington mutual acquisition | 2014 | 2014 | 39454
accretion into interest income | -3232 ( 3232 ) | -4363 ( 4363 ) | -1292 ( 1292 )
changes in interest rates on variable rate loans | -819 ( 819 ) | -4849 ( 4849 ) | -5543 ( 5543 )
other changes in expected cash flows ( a ) | -2396 ( 2396 ) | 2137 | 2014
balance december 31 | $ 19097 | $ 25544 | $ 32619
accretable yield percentage | 4.35% ( 4.35 % ) | 5.14% ( 5.14 % ) | 5.81% ( 5.81 % )
( a ) other changes in expected cash flows may vary from period to period as the firm continues to refine its cash flow model and periodically updates model assumptions .
for the years ended december 31 , 2010 and 2009 , other changes in expected cash flows were principally driven by changes in prepayment assumptions , as well as reclassification to the nonaccretable difference .
such changes are expected to have an insignificant impact on the accretable yield percentage .
the factors that most significantly affect estimates of gross cash flows expected to be collected , and accordingly the accretable yield balance , include : ( i ) changes in the benchmark interest rate indices for variable rate products such as option arm and home equity loans ; and ( ii ) changes in prepayment assump- tions .
to date , the decrease in the accretable yield percentage has been primarily related to a decrease in interest rates on vari- able-rate loans and , to a lesser extent , extended loan liquida- tion periods .
certain events , such as extended loan liquidation periods , affect the timing of expected cash flows but not the amount of cash expected to be received ( i.e. , the accretable yield balance ) .
extended loan liquidation periods reduce the accretable yield percentage because the same accretable yield balance is recognized against a higher-than-expected loan balance over a longer-than-expected period of time. .

Question: what was the average balance of total pci consumer loans for the years ended december 31 , 2010 and 2009?
Answer: 22321
Calculation: add(19097, 25544), divide(#0, const_2)
FY19 Financial Results
FY19 Challenges
While we saw improvements in some areas of our business, our overall performance and stock price was negatively impacted by several significant factors: • Revenue and business momentum in our former Enterprise Security segment declined in FY19. • The Company was subject to an internal investigation, which was commenced and completed by the Audit Committee of the Board (the ‘‘Audit Committee’’) in connection with concerns raised by a former employee. • We announced a restructuring plan pursuant to which we targeted reductions of our global workforce of up to approximately 8%. • Our executive leadership team was in transition with announced executive officer departures in November 2018 and January 2019.
Table:
 | Fiscal 2019 | Fiscal 2018
(In millions, except for per share amounts) | (‘‘FY19’’) | (‘‘FY18’’)
Net revenues | $4,731 | $4,834
Operating income | 380 | 49
Net income | 31 | 1,138
Net income per share — diluted | 0.05 | 1.70
Net cash provided by operating activities | 1,495 | 950


Question: What does the table show?
Answer: FY19 Financial Results
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
Disaggregated Revenue
The following table presents revenues disaggregated by the major markets we serve:
Table:
 | Twelve Months Ended December 31, | 
 | 2019 | 2018
Transportation | $299,005 | $300,124
Industrial | 78,369 | 86,968
Medical | 41,901 | 40,663
Aerospace & Defense | 32,569 | 23,323
Telecom & IT | 17,155 | 19,405
Total | $468,999 | $470,483


Question: Which years does the table provide information for revenues disaggregated by the major markets the company ser ves?
Answer: 2019, 2018
The Company recorded amortization expense of $4.8 million, $1.5 million and $0.1 million for the years ended March 31, 2019, 2018 and 2017, respectively. Amortization relating to developed technology and capitalized software was recorded within cost of revenue and amortization of customer relationships and trade names was recorded within sales and marketing expenses.
Future estimated amortization expense of intangible assets as of March 31, 2019 is as follows:
Table:
 | Purchased Intangible Assets | Capitalized Software
2020 | $ 2,582 | $ 3,522
2021 | 2,560 | 2,790
2022 | 2,560 | 1,420
2023 | 2,560 | 528
Thereafter | 12,012 | 89
Total | $ 22,274 | $ 8,349


Question: What is the change in Capitalized Software from 2020 to 2021?
Answer: -732
Calculation: 2,790-3,522
During 2019, 2018 and 2017, no income tax benefit or expense was recorded for stock options exercised as an adjustment to equity.
The change in the unrecognized income tax benefits for the years ended December 31, 2019, 2018 and 2017 is reconciled below:
As of December 31, 2019, 2018 and 2017, our total liability for unrecognized tax benefits was $1.5 million, $1.9 million and $2.4 million, respectively, of which $1.4 million, $1.7 million and $2.2 million, respectively, would reduce our effective tax rate if we were successful in upholding all of the uncertain positions and recognized the amounts recorded. We classify interest and penalties recognized on the liability for unrecognized tax benefits as income tax expense. As of December 31, 2019, 2018 and 2017, the balances of accrued interest and penalties were $0.5 million, $0.7 million and $0.8 million, respectively.
We do not anticipate a single tax position generating a significant increase or decrease in our liability for unrecognized tax benefits within 12 months of this reporting date. We file income tax returns in the U.S. for federal and various state jurisdictions and several foreign jurisdictions. We are not currently under audit by the Internal Revenue Service. Generally, we are not subject to changes in income taxes by any taxing jurisdiction for the years prior to 2016.
Table:
(In thousands) | 2019 | 2018 | 2017
Balance at beginning of period | $1,868 | $2,366 | $2,226
Increases for tax position related to: |  |  | 
Prior years | — | 3 | 465
Current year | 161 | 254 | 285
Decreases for tax positions related to: |  |  | 
Prior years | (71) | — | (14)
Expiration of applicable statute of limitations | (471) | (755) | (596)
Balance at end of period | $1,487 | $1,868 | $2,366


Question: What was the change in the balance at the end of period between 2018 and 2019?
Answer: -381
Calculation: $1,487-$1,868
apple inc . | 2017 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 30 , 2017 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 28 , 2012 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on 9/28/12 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . copyright a9 2017 s&p , a division of mcgraw hill financial . all rights reserved . copyright a9 2017 dow jones & co . all rights reserved . september september september september september september .

Table:
 | september2012 | september2013 | september2014 | september2015 | september2016 | september2017
apple inc . | $ 100 | $ 74 | $ 111 | $ 128 | $ 129 | $ 179
s&p 500 index | $ 100 | $ 119 | $ 143 | $ 142 | $ 164 | $ 194
s&p information technology index | $ 100 | $ 107 | $ 138 | $ 141 | $ 173 | $ 223
dow jones u.s . technology supersector index | $ 100 | $ 105 | $ 137 | $ 137 | $ 167 | $ 214
.

Question: what was the change in the apple stock return between 2016 and 2017?
Answer: 50
Calculation: subtract(179, 129)
Cost of Services Cost of services decreased $204 million, or 1.9%, during 2019 compared to 2018, primarily due to lower access costs resulting from a decline in voice connections, as well as lower employee-related costs associated with the lower headcount resulting from the Voluntary Separation Program, offset by an increase in regulatory fees.
Cost of Wireless Equipment Cost of wireless equipment increased $173 million, or 3.8%, during 2019 compared to 2018, primarily driven by a shift to higher priced units in the mix of wireless devices sold and an increase in the number of wireless devices sold.
Selling, General and Administrative Expense Selling, general and administrative expense increased $499 million, or 6.5%, during 2019 compared to 2018, due to increases in advertising expenses and sales commission expense, which were partially offset by decreases in employee-related costs resulting from the Voluntary Separation Program. The increase in sales commission expense was primarily due to a lower net deferral of commission costs in 2019 as compared to 2018 as a result of the adoption of Topic 606 on January 1, 2018 using a modified retrospective approach.
Depreciation and Amortization Expense Depreciation and amortization expense decreased $153 million, or 3.6%, during 2019 compared to 2018, driven by the change in the mix of total Verizon depreciable assets and Business’s usage of those assets.
Table:
 |  |  | (dollars in millions) Increase/ (Decrease) | 
Years Ended December 31, | 2019 | 2018 | 2019 vs. 2018 | 
Cost of services  | $10,655 | $10,859 | $(204) | (1.9)%
Cost of wireless equipment  | 4,733 | 4,560 | 173 | 3.8
Selling, general and administrative expense  | 8,188 | 7,689 | 499 | 6.5
Depreciation and amortization expense  | 4,105 | 4,258 | (153) | (3.6)
Total Operating Expenses  | $ 27,681 | $ 27,366 | $ 315 | 1.2


Question: What is the change in Cost of wireless equipment from 2018 to 2019?
Answer: 173
Calculation: 4,733-4,560
Outlook and Overview Our operating requirements have historically been funded from cash flows generated from our business and borrowings under our credit facilities.
We expect that our future operating requirements will continue to be funded from cash flows from operating activities, existing cash and cash equivalents, and, if needed, from borrowings under our revolving credit facility and our ability to obtain future external financing.
We anticipate that we will continue to use a substantial portion of our cash flow to fund capital expenditures, meet scheduled payments of long-term debt, and to invest in future business opportunities.
The following table summarizes our cash flows:
Table:
 |  | Years Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
Cash flows provided by (used in): |  |  | 
Operating activities | $ 339,096 | $ 357,321 | $ 210,027
Investing activities | (217,819) | (221,459) | (1,042,711)
Financing activities | (118,481) | (141,920) | 821,264
Increase (decrease) in cash and cash equivalents | $ 2,796 | $ (6,058) | $ (11,420)


Question: What was the average cash flow from investing activities for 2017-2019?
Answer: -493996.33
Calculation: -(217,819 + 221,459 + 1,042,711) / 3