hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Comparison of Years Ended December 31, 2019 to December 31, 2018
The following tables in this section set forth our selected consolidated statements of operations (in thousands), data for the percentage change and data as a percentage of revenue for the years ended December 31, 2019 and 2018. Certain previously reported amounts in the consolidated statements of operations for the year ended December 31, 2018 have been reclassified to conform to our current presentation to reflect interest income as a separate line item, which was previously included in other income, net.
Cost of Revenue
(1) Excludes amortization and depreciation shown in operating expenses.
The $37.9 million increase in cost of revenue in 2019 as compared to 2018 was the result of a $32.8 million, or 32%, increase in cost of hardware and other revenue and a $5.1 million, or 11%, increase in cost of SaaS and license revenue. Our cost of software license revenue included within cost of SaaS and license revenue decreased $0.4 million to $1.3 million during 2019 as compared to $1.7 million during 2018. The increase in cost of Alarm.com segment hardware and other revenue related primarily to an increase in the number of hardware units shipped in 2019 as compared to 2018. The increase in cost of  corresponding increase in amounts paid to wireless network providers.
Cost of hardware and other revenue as a percentage of hardware and other revenue was 81% and 78% for the years ended December 31, 2019 and 2018, respectively. Cost of SaaS and license revenue as a percentage of SaaS and license revenue was 15% for each of the years ended December 31, 2019 and 2018. Cost of software license revenue as a percentage of software license revenue was 3% and 4% for the years ended December 31, 2019 and 2018, respectively. The increase in cost of hardware and other revenue as a percentage of hardware and other revenue in 2019 as compared to 2018 is a reflection of the mix of product sales during the periods.
Table:
 |  | Year Ended December 31, | % Change
2019 vs. 2018 | 2019 | 2018 | 2019 vs. 2018
Cost of revenue(1): |  |  | 
Cost of SaaS and license revenue | $50,066 | $44,933 | 11%
Cost of hardware and other revenue | 133,533 | 100,782 | 32%
Total cost of revenue | $183,599 | $145,715 | 26%
% of total revenue | 37% | 35% | 


Question: How many years did total cost of revenue exceed $150,000 thousand?
Answer: 1
Calculation: 2019
Note 16. Share-Based Compensation
Share-Based Compensation Expense
The following table presents the details of the Company's share-based compensation expense (in millions):
(1) During the year ended March 31, 2019, $17.2 million of share-based compensation expense was capitalized to inventory, and $14.9 million of previously capitalized share-based compensation expense in inventory was sold. During the year ended March 31, 2018, $11.9 million of share-based compensation expense was capitalized to inventory and $13.8 million of previously capitalized share-based compensation expense in inventory that was sold. During the year ended March 31, 2017, $11.3 million of share-based compensation expense was capitalized to inventory. The amount of sharebased compensation included in cost of sales during fiscal 2017 included $14.5 million of previously capitalized sharebased compensation expense in inventory was sold and $4.2 million of share-based compensation expense related to the Company's acquisition of Atmel that was not previously capitalized into inventory.
The amount of unearned share-based compensation currently estimated to be expensed in the remainder of fiscal 2020 through fiscal 2024 related to unvested share-based payment awards at March 31, 2019 is $253.4 million. The weighted average period over which the unearned share-based compensation is expected to be recognized is approximately 1.88 years.
Table:
 |  | Year Ended March 31, | 
 | 2019 | 2018 | 2017
Cost of sales (1) | $14.9 | $13.8 | $18.7
Research and development | 72.0 | 42.5 | 46.8
Selling, general and administrative | 62.3 | 36.9 | 62.6
Special (income) charges and other, net | 17.2 | — | —
Pre-tax effect of share-based compensation | 166.4 | 93.2 | 128.1
Income tax benefit | 35.5 | 28.3 | 44.2
Net income effect of share-based compensation | $130.9 | $64.9 | $83.9


Question: What was the percentage change in the Income tax benefit between 2018 and 2019?
Answer: 25.44
Calculation: (35.5-28.3)/28.3
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The fair value of the Company’s qualified pension plan assets by category for the years ended December 31, are as follows:
At December 31, 2019 our plan’s assets of $14.9 million were invested in five separate funds including a multiasset fund (32.4%), a diversified growth fund (32.6%), an index-linked gilt (13.0%), corporate bonds (14.0%), and insurance contracts (7%). The asset and growth funds aim to generate an ‘equity-like’ return over an economic cycle with significantly reduced volatility relative to equity markets and have scope to use a diverse range of asset classes, including equities, bonds, cash and alternatives, e.g. property, infrastructure, high yield bonds, floating rate debt, private, equity, hedge funds and currency. The bond fund and gilt fund are invested in index-linked gilts and corporate bonds. These investments are intended to provide a degree of protection against changes in the value of our plan’s liabilities related to changes in long-term expectations for interest rates and inflation expectations.
Table:
 |  | December 31, 2019 |  | 
 | Level 1 | Level 2 | Level 3 | Total
Multi-Asset Fund | $ — | $4,825 | $ — | $ 4,825
Diversified Growth Fund | — | 4,855 | — | 4,855
Index-Linked Gilts | — | 1,934 | — | 1,934
Corporate Bonds | — | 2,090 | — | 2,090
Insurance Contracts | — | — | 1,045 | 1,045
Cash | 154 | — | — | 154
Total | $154 | $13,704 | $1,045 | $14,903
 |  | December 31, 2018 |  | 
 | Level 1 | Level 2 | Level 3 | Total
Multi-Asset Fund | $ — | $4,570 | $— | $4,570
Diversified Growth Fund | — | 4,650 | — | 4,650
Index-Linked Gilts | — | 2,044 | — | 2,044
Corporate Bonds | — | 2,044 | — | 2,044
Insurance Contracts | — | — | 72 | 72
Cash | 53 | — | — | 53
Total | $53 | $13,308 | $72 | $13,433


Question: How many assets was in the Level 2 Corporate Bonds for 2018?
Answer: 2,044
Contract Assets and Liabilities
The following table provides information about receivables, contract assets and contract liabilities from our revenue contracts with customers:
Contract assets include costs that are incremental to the acquisition of a contract. Incremental costs are those that result directly from obtaining a contract or costs that would not have been incurred if the contract had not been obtained, which primarily relate to sales commissions. These costs are deferred and amortized over the expected customer life.
We determined that the expected customer life is the expected period of benefit as the commission on the renewal contract is not commensurate with the commission on the initial contract. During the years ended December 31, 2019 and 2018, the Company recognized expense of $6.3 million and $2.9 million, respectively, related to deferred contract acquisition costs.
Contract liabilities include deferred revenues related to advanced payments for services and nonrefundable, upfront service activation and set-up fees, which under the new standard are generally deferred and amortized over the expected customer life as the option to renew without paying an upfront fee provides the customer with a material right. During the years ended December 31, 2019 and 2018, the Company deferred and recognized revenues of $397.5 million and $354.2 million, respectively.
A receivable is recognized in the period the Company provides goods or services when the Company’s right to consideration is unconditional. Payment terms on invoiced amounts are generally 30 to 60 days.
Table:
 | Year Ended December 31, | 
(In thousands) | 2019 | 2018
Accounts receivable, net | $120,016 | $133,136
Contract assets | 18,804 | 12,128
Contract liabilities | 50,974 | 52,966


Question: What is the number of days for the payment terms on invoiced amounts?
Answer: 30 to 60 days
The following tables present the recorded investment by portfolio segment and by class, excluding commercial financing receivables and other miscellaneous financing receivables at December 31, 2019 and 2018. Commercial financing receivables are excluded from the presentation of financing receivables by portfolio segment, as they are short term in nature and the current estimated risk of loss and resulting impact to the company’s financing results are not material.
Write-offs of lease receivables and loan receivables were $16 million and $47 million, respectively, for the year ended December 31, 2019. Provisions for credit losses recorded for lease receivables and loan receivables were a release of $6 million and an addition of $2 million, respectively, for the year ended December 31, 2019.
The average recorded investment of impaired leases and loans for Americas, EMEA and Asia Pacific was $138 million, $49 million and $45 million, respectively, for the year ended December 31, 2019. Both interest income recognized, and interest income recognized on a cash basis on impaired leases and loans were immaterial for the year ended December 31, 2019.
Table:
($ in millions) |  |  |  | 
At December 31, 2019: | Americas | EMEA | Asia Pacific | Total
Recorded investment: |  |  |  | 
Lease receivables | $ 3,419 | $1,186 | $  963 | $ 5,567
Loan receivables | 6,726 | 3,901 | 2,395 | 13,022
Ending balance | $10,144 | $5,087 | $3,359 | $18,590
Recorded investment, collectively evaluated for impairment | $10,032 | $5,040 | $3,326 | $18,399
Recorded investment, individually evaluated for impairment | $   112 | $   47 | $   32 | $   191
Allowance for credit losses |  |  |  | 
Beginning balance at January 1, 2019 |  |  |  | 
Lease receivables | $    53 | $   22 | $   24 | $     99
Loan receivables | 105 | 43 | 32 | 179
Total | $   158 | $   65 | $   56 | $   279
Write-offs | (42) | (3) | (18) | (63)
Recoveries | 1 | 0 | 1 | 2
Provision | 5 | (7) | (3) | (5)
Other* | (1) | 0 | (1) | (2)
Ending balance at December 31, 2019 | $   120 | $   54 | $   36 | $   210
Lease receivables | $    33 | $   23 | $   16 | $    72
Loan receivables | $    88 | $   31 | $   20 | $   138
Related allowance, collectively evaluated for impairment | $    25 | $   11 | $    4 | $    39
Related allowance, individually evaluated for impairment | $    96 | $   43 | $   32 | $   171


Question: What is the average recorded investment of impaired leases and loans for Americas for December 2019?
Answer: $138 million
Total Expense for Share-Based Payment
Total expense for the share-based payment plans of Executive Board members was determined in accordance with IFRS 2 (Share- Based Payments) and consists exclusively of obligations arising from Executive Board activities.
Table:
€ thousands | 2019 | 2018
Christian Klein (Co-CEO from 10/10/2019) | 1,925 | 442.2
Jennifer Morgan (Co-CEO from 10/10/2019) | 2,894 | 796.1
Robert Enslin (until 4/5/2019) | 3,480 | 727.0
Adaire Fox-Martin | 2,667 | 796.1
Michael Kleinemeier | 3,253 | 914.2
Bernd Leukert (until 3/31/2019) | 8,606 | 775.2
Bill McDermott (CEO until 10/10/2019, Executive Board member until 11/15/2019) | 14,689 | 2,155.8
Luka Mucic | 3,391 | 675.8
Jürgen Müller (from 1/1/2019) | 768 | -
Stefan Ries | 2,646 | 772.0
Thomas Saueressig (from 11/1/2019) | 128 | -
Total | 44,446.5 | 8,054.4


Question: What is the total amount of expense for share-based payment in 2019?
Answer: 44,446.5
LONG-TERM DEBT
In addition to the Facility, the Company also had the following long-term obligations at fiscal 2019 and fiscal 2018.
Table:
 | 2019 | 2018
Note payable to a bank (“Real Estate Loan”), interest payable at a fixed rate of 2.99% with monthly installments of principal and interest of $38,344 through August 2021 with remaining principal due September 2021, collateralized by three distribution facilities | $ 2,263,040 | $  2,648,179
Note payable, interest payable at a fixed rate of 4.50% with quarterly installments of principal and interest of $49,114 through June 2023 with remaining principal due September 2023 | 1,395,351 | 1,476,772
Note payable, interest-free with varying installments during fiscal 2019 | — | 629,746
 | 3,658,391 | 4,754,697
Less current maturities | (532,747) | (1,096,306)
 | $3,125,644 | $3,658,391


Question: What is the difference in the company's current maturities between 2018 and 2019?
Answer: 563559
Calculation: -532,747 - (1,096,306)
FINANCIAL EXPENSE
(1) Fiscal 2018 was restated to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Discontinued operations" section.
Fiscal 2019 fourth-quarter financial expense decreased by 15.2% mainly due to: • the reimbursements of $65 million and US$35 million under the Canadian Revolving Facility during the second quarter of fiscal 2019 and of US$328 million during the third quarter of fiscal 2019 following the sale of Cogeco Peer 1; and • lower debt outstanding and interest rates on the First Lien Credit Facilities; party offset by • the appreciation of the US dollar against the Canadian dollar compared to same period of the prior year.
Table:
Three months ended August 31, | 2019 | 2018 (1) | Change
(in thousands of dollars, except percentages) | $ | $ | %
Interest on long-term debt | 41,307 | 46,127 | (10.4)
Net foreign exchange losses (gains) | (403) | 482 | —
Amortization of deferred transaction costs | 464 | 441 | 5.2
Capitalized borrowing costs | (168) | (162) | 3.7
Other | (763) | 821 | —
 | 40,437 | 47,709 | (15.2)


Question: What was the percentage decrease in the interest on long-term debt from 2018 to 2019?
Answer: 10.4
Consolidated Statements of Operations Data
The following table sets forth consolidated statements of operations data for the periods indicated (amounts in millions) and as a percentage of total net revenues, except for cost of revenues, which are presented as a percentage of associated revenues:
(1) During the three months ended March 31, 2019, we identified an amount which should have been recorded in the three months and year ended December 31, 2018 to reduce income tax expense by $35 million. Our statement of operations for the year ended December 31, 2018, as presented above, has been revised to reflect the correction. See further discussion in Note 2 of the notes to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K.
(2) Represents the loss on extinguishment of debt we recognized in connection with our debt financing activities during the year ended December 31, 2018. The loss on extinguishment is comprised of a $25 million premium payment and a $15 million write-off of unamortized discount and deferred financing costs.
Table:
 | For the Years |  | Ended December 31, | 
 | 2019 |  | 2018(1) | 
Net revenues |  |  |  | 
Product sales | $1,975 | 30% | $2,255 | 30%
Subscription, licensing, and other revenues | 4,514 | 70 | 5,245 | 70
Total net revenues | 6,489 | 100 | 7,500 | 100
Costs and expenses |  |  |  | 
Cost of revenues—product sales: |  |  |  | 
Product costs | 656 | 33 | 719 | 32
Software royalties, amortization, and intellectual property licenses | 240 | 12 | 371 | 16
Cost of revenues—subscription, licensing, and other |  |  |  | 
Game operations and distribution costs | 965 | 21 | 1,028 | 20
Software royalties, amortization, and intellectual property licenses | 233 | 5 | 399 | 8
Product development | 998 | 15 | 1,101 | 15
Sales and marketing | 926 | 14 | 1,062 | 14
General and administrative | 732 | 11 | 822 | 11
Restructuring and related costs | 132 | 2 | 10 | —
Total costs and expenses | 4,882 | 75 | 5,512 | 73
Operating income | 1,607 | 25 | 1,988 | 27
Interest and other expense (income), net | (26) | — | 71 | 1
Loss on extinguishment of debt (2) | — | — | 40 | 1
Income before income tax expense | 1,633 | 25 | 1,877 | 25
Income tax expense | 130 | 2 | 29 | —
Net income | $1,503 | 23% | $1,848 | 25%


Question: What was net income in 2018?
Answer: $1,848
15 Financial risk management (continued)
(c) Liquidity risk
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due.
Management also actively monitors rolling forecasts of the Group’s cash and cash equivalents.
(i) Maturities of financial liabilities
The table below analyses the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities for all non-derivative financial liabilities.
The amounts disclosed in the table are the contractual undiscounted cash flows.
The cash flows for unsecured notes assume that the early redemption options would not be exercised by the Group.
Table:
Contractual Maturities of Financial Liabilities | Within 12 months | Between 1 and 5 years | Over 5 years | Total contractual cash flows | Carrying amount
2019 | $'000 | $'000 | $'000 | $'000 | $'000
Trade payables | 44,840 | - | - | 44,840 | 44,840
Unsecured notes | 46,634 | 900,046 | - | 946,680 | 793,849
Lease liabilities | 5,008 | 26,709 | 167,214 | 198,931 | 73,328
Total non-derivatives | 96,482 | 926,755 | 167,214 | 1,190,451 | 912,017
2018 |  |  |  |  | 
Trade payables | 27,640 | - | - | 27,640 | 27,640
Unsecured notes | 18,750 | 342,000 | - | 360,750 | 296,912
Lease liabilities | 641 | 2,565 | 5,451 | 8,657 | 6,042
Total non-derivatives | 47,031 | 344,565 | 5,451 | 397,047 | 330,594


Question: What was the 2019 percentage change in total contractual cash flows of total non-derivatives?
Answer: 199.83
Calculation: (1,190,451 - 397,047) / 397,047
Net Income (Loss) Per Share
The Company calculates net income (loss) per share in accordance with FASB ASC Topic 260,Earnings per Share. Basic net income (loss) per share is based on the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share also gives effect to all potentially dilutive securities outstanding during the period, such as restricted stock units (“RSUs”), stock options, and Employee Stock Purchase Plan ("ESPP") shares, if dilutive. In a period with a net loss position, potentially dilutive securities are not included in the computation of diluted net loss because to do so would be antidilutive, and the number of shares used to calculate basic and diluted net loss is the same.
For the fiscal years ended September 30, 2019, 2018 and 2017, the following potentially dilutive common shares were excluded from the net income (loss)
per share calculation, as they would have been antidilutive (amounts in thousands):
Table:
 | 2019 | 2018 | 2017
Stock options | 1,687 | 2,806 | 569
RSUs | 2,352 | 2,580 | 83
ESPP common stock equivalents | 74 | 71 | —
ID Checker earnout shares | — | — | 24
Total potentially dilutive common shares outstanding | 4,113 | 5,457 | 676


Question: What is the average of total potentially dilutive common shares outstanding from 2017 to 2019?
Answer: 3415.33
Calculation: (4,113+5,457+676)/3
The Company’s unused short-term lines of credit amounted to NT$77,658 million and NT$64,169 million as of December 31, 2018 and 2019, respectively.
(10) Short-Term Loans
Table:
 | As of December 31, | 
 | 2018 | 2019
 | NT$(In Thousands) | NT$(In Thousands)
Unsecured bank loans | $7,780,552 | $8,080,200
Unsecured other loans | 5,323,256 | 3,935,006
Total | $13,103,808 | $12,015,206


Question: What were the company's unsecured bank loans in 2019?
Answer: $7,780,552
NOTE 11 – STOCK COMPENSATION
The Company sponsors a stock-based incentive compensation plan known as the 2013 Equity Compensation Plan (the “Plan”), which was established by the Board of Directors of the Company in June 2013. A total of 500,000 shares were initially reserved for issuance under the Plan. The Plan was amended several times since then to eventually increase the authorized shares to 2,500,000 as of December 31, 2019. A total of 1,624,221 shares of common stock underlying options were outstanding at December 31, 2019. The Company had 236,614 remaining shares available to grant under the Plan at December 31, 2019.
The Plan allows the Company to grant incentive stock options, non-qualified stock options, stock appreciation rights, or restricted stock. The incentive stock options are exercisable for up to ten years, at an option price per share not less than the fair market value on the date the option is granted. The incentive stock options are limited to persons who are regular full-time employees of the Company at the date of the grant of the option. Non-qualified options may be granted to any person, including, but not limited to, employees, independent agents, consultants and attorneys, who the Company’s Board or Compensation Committee believes have contributed, or will contribute, to the success of the Company. Non-qualified options may be issued at option prices of less than fair market value on the date of grant and may be exercisable for up to ten years from date of grant. The option vesting schedule for options granted is determined by the Compensation Committee of the Board of Directors at the time of the grant. The Plan provides for accelerated vesting of unvested options if there is a change in control, as defined in the Plan.
The compensation cost that has been charged against income related to options for the years ended December 31, 2019 and 2018, was $1,687,745 and $1,317,904, respectively. No income tax benefit was recognized in the income statement and no compensation was capitalized in any of the years presented.
The Company had the following option activity during the years ended December 31, 2019 and 2018:
Of the options outstanding at December 31, 2019, 1,143,637 were exercisable with a weighted average contractual life of 1.9 years.
Table:
 | Number of Options | Weighted average exercise price | Weighted average remaining contractual life (years) | Aggregate intrinsic value $
Outstanding, January 1, 2018 | 1,368,772 | $3.12 |  | 
Granted – 2018 | 401,099 | $9.27 |  | 
Exercised – 2018 | (165,169) | $3.16 |  | 
Expired – 2018 | (50,002) | $5.48 |  | 
Outstanding, December 31, 2018 | 1,554,700 | $4.63 | 3.0 | 
Granted – 2019 | 410,134 | $12.28 |  | 
Exercised – 2019 | (251,063) | $3.73 |  | 
Expired – 2019 | (89,550) | $12.55 |  | 
Outstanding, December 31, 2019 | 1,624,221 | $6.27 | 2.6 | $7,925,643
Exercisable, December 31, 2019 | 1,143,637 | $4.39 | 1.9 | $7,197,053


Question: How much was the aggregate intrinsic value of exercisable options in 2019?
Answer: $7,197,053
The Company’s unused short-term lines of credit amounted to NT$77,658 million and NT$64,169 million as of December 31, 2018 and 2019, respectively.
(10) Short-Term Loans
Table:
 | As of December 31, | 
 | 2018 | 2019
 | NT$(In Thousands) | NT$(In Thousands)
Unsecured bank loans | $7,780,552 | $8,080,200
Unsecured other loans | 5,323,256 | 3,935,006
Total | $13,103,808 | $12,015,206


Question: What is the average Unsecured other loans?
Answer: 4629131
Calculation: (5,323,256+3,935,006) / 2