hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Financing Cash Flow Activities
Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018
Net cash provided by financing activities – continuing operations increased during the year ended December 31, 2019 primarily due to inflows resulting from (i) the issuance of the 0.875% Convertible Senior Notes, (ii) lower credit facility payments, partially offset with less credit facility borrowings and (iii) a decrease in the repurchase of common stock. These were partially offset by the purchase of the remaining minority interest in Pulse8 during 2019.
Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017
We used cash in financing activities – continuing operations during the year ended December 31, 2018 compared with cash inflows from financing activities – continuing operations during the year ended December 31, 2017, which was primarily driven by higher repayments of borrowings outstanding under our senior secured credit facility and higher common stock repurchases. We used a portion of the proceeds from the sale of our investment in Netsmart to repay balances outstanding under our senior secured credit facilities at the end of 2018. We borrowed funds in 2018 to purchase Practice Fusion and Health Grid and to acquire the remaining outstanding minority interest in which we initially acquired a controlling interest in April 2015.
Net cash provided by financing activities – discontinued operations increased during the year ended December 31, 2018 compared with the prior year primarily due to higher borrowings by Netsmart used to finance business acquisitions.
Table:
 |  | Year Ended December 31, |  |  | 
(In thousands) | 2019 | 2018 | 2017 | 2019 $ Change from 2018 | 2018 $ Change from 2017
Proceeds from sale or issuance of common stock | $0 | $1,283 | $1,568 | $(1,283) | $(285)
Taxes paid related to net share settlement of equity awards | (7,286) | (9,466) | (7,269) | 2,180 | (2,197)
Proceeds from issuance of 0.875% Convertible Senior Notes | 218,000 | 0 | 0 | 218,000 | 0
Payments for issuance costs on 0.875% Convertible Senior Notes | (5,445) | 0 | 0 | (5,445) | 0
Payments for capped call transaction on 0.875% Convertible Senior Notes | (17,222) | 0 | 0 | (17,222) | 0
Credit facility payments | (220,000) | (713,751) | (138,139) | 493,751 | (575,612)
Credit facility borrowings, net of issuance costs | 279,241 | 430,843 | 325,001 | (151,602) | 105,842
Repurchase of common stock | (111,460) | (138,928) | (12,077) | 27,468 | (126,851)
Payment of acquisition and other financing obligations | (14,685) | (5,198) | (1,283) | (9,487) | (3,915)
Purchases of subsidiary shares owned by non-controlling interest | (53,800) | (7,198) | 0 | (46,602) | (7,198)
Net cash provided by (used in) financing activities - continuing operations | 67,343 | (442,415) | 167,801 | 509,758 | (610,216)
Net cash provided by (used in) financing activities - discontinued operations | 0 | 149,432 | 30,784 | (149,432) | 118,648
Net cash provided (used in) by financing activities | $67,343 | $(292,983) | $198,585 | $360,326 | $(491,568)


Question: What is the Proceeds from sale or issuance of common stock in 2019?
Answer: $0
Stock-Based Compensation
The Company recognizes stock-based compensation expense in the consolidated statements of operations, based on the department to which the related employee reports, as follows: The Company recognizes stock-based compensation expense in the consolidated statements of operations, based on the department to which the related employee reports, as follows:
The total unrecognized compensation cost related to performance-based restricted stock units as of December 31, 2019 was $3.6 million, and the weighted average period over which these equity awards are expected to vest is 1.6 years. The total unrecognized compensation cost related to unvested stock options as of December 31, 2019 was $2.0 million, and the weighted average period over which these equity awards are expected to vest is 2.30 years.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Cost of net revenue | $577 | $489 | $332
Research and development | 16,545 | 17,953 | 16,190
Selling, general and administrative | 14,938 | 13,279 | 11,016
Restructuring expense | — | — | 5,130
 | $32,060 | $31,721 | $32,668


Question: What was the respective Cost of net revenue in 2019, 2018 and 2017?
Answer: $577, $489, $332
Global Business Services
* Recast to reflect segment changes.
Global Business Services revenue increased compared to 2017 driven by strong growth in Consulting, led by key offerings in digital Global Business Services revenue increased compared to 2017 driven by strong growth in Consulting, led by key offerings in digital and cloud application, where the business has brought together technology and industry expertise to help clients on their digital journey. GPS grew year to year, while Application Management revenue was flat as reported and declined adjusted for currency compared to 2017.
While we continued to help clients move to the cloud with offerings such as Cloud Migration Factory and cloud application development, there were continued declines in the more traditional application management engagements. Within GBS, cloud revenue of $4.7 billion grew 20 percent as reported and 19 percent adjusted for currency compared to the prior year.
Table:
($ in millions) |  |  |  | 
For the year ended December 31: | 2018 | 2017 | Yr.-to-Yr. Percent Change | Yr.-to-Yr. Percent Change Adjusted for Currency
Global Business Services external revenue | $16,595* | $16,073* | 3.2% | 2.3%
Consulting | $7,705 | $7,262 | 6.1% | 5.1%
Application Management | 7,852 | 7,821 | 0.4 | (0.5)
Global Process Services | 1,037* | 990* | 4.8 | 4.7


Question: What is the increase / (decrease) in the Global Business Services external revenue from 2017 to 2018?
Answer: 522
Calculation: 16,595 - 16,073
The following table summarizes information regarding restricted shares/RSUs granted and vested (in thousands, except per restricted share/RSU amounts):
As of December 31, 2019, based on the probability of achieving the performance goals, there was $6.1 million of total unrecognized compensation cost, net of actual forfeitures, related to nonvested restricted shares/RSUs. Of the unrecognized compensation cost, 33% related to performance-based nonvested restricted shares/RSUs and 67% related to employment-based nonvested restricted shares/RSUs. This cost is expected to be recognized over a weighted average period of 2.0 years.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Number of restricted shares/ RSUs granted | 508 | 492 | 480
Weighted average grant-date fair value per restricted share/RSU | $28.43 | $28.16 | $29.42
Fair value of restricted shares/RSUs vested | $3,647 | $8,342 | $6,868


Question: What is the Fair value of restricted shares/RSUs vested  in 2018?
Answer: $8,342
Adjusted earnings per share
Basic adjusted earnings per share is defined as adjusted profit for the period attributable to equity holders divided by the weighted average number of shares. Diluted adjusted earnings per share is defined as adjusted profit for the period attributable to equity holders divided by the diluted weighted average number of shares.
Basic and diluted EPS calculated on an IFRS profit basis are included in Note 10.
Table:
 | 2019 | 2018
Profit for the period attributable to equity holders as reported under IFRS (£m) | 166.6 | 223.1
Items excluded from adjusted operating profit disclosed above (£m) | 37.7 | (34.2)
Tax effects on adjusted items (£m) | (8.5) | (5.0)
Adjusted profit for the period attributable to equity holders (£m) | 195.8 | 183.9
Weighted average shares (million) | 73.7 | 73.6
Basic adjusted earnings per share | 265.7p | 250.0p
Diluted weighted average shares (million) | 73.9 | 73.8
Diluted adjusted earnings per share | 264.9p | 249.1p


Question: What was the change in the profit for the period attributable to equity holders as reported under IFRS in 2019 from 2018?
Answer: -56.5
Calculation: 166.6-223.1
table of contents company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index as of the market close on september 30 , 2008 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . fiscal year ending september 30 . copyright 2013 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright 2013 dow jones & co . all rights reserved . *$ 100 invested on 9/30/08 in stock or index , including reinvestment of dividends . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .

Table:
 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012 | september 30 2013
apple inc . | $ 100 | $ 163 | $ 250 | $ 335 | $ 589 | $ 431
s&p 500 index | $ 100 | $ 93 | $ 103 | $ 104 | $ 135 | $ 161
s&p computer hardware index | $ 100 | $ 118 | $ 140 | $ 159 | $ 255 | $ 197
dow jones us technology supersector index | $ 100 | $ 111 | $ 124 | $ 128 | $ 166 | $ 175
.

Question: by how much did apple inc . outperform the s&p computer hardware index over the above mentioned 6 year period?
Answer: 270%
Calculation: subtract(431, 100), divide(#0, 100), subtract(197, 100), divide(#2, 100), subtract(#1, #3)
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 percentage increase / (decrease) in the Increase (decrease) in cash and cash equivalents from 2018 to 2019?
Answer: -146.15
Calculation: 2,796 / -6,058 - 1
This section presents the total remuneration of the Group’s external auditors for audit, assurance, and other services.
The auditors’ remuneration for the Group is as follows:
(1) Assurance related services include various agreed upon procedures and review of the sustainability report.
(2)  Other non-audit services include financial due diligence and other sundry services.
(3)  Other auditors are international associates of Deloitte Touche Tohmatsu Australia.
Table:
 | 2019 | 2018
 | $’000 | $’000
Auditors of the parent entity – Deloitte Touche Tohmatsu Australia |  | 
Audit or review of the financial reports | 3,055 | 2,778
Assurance related services (1) | 341 | 289
Tax compliance services | – | 11
Other non-audit services (2) | 222 | 193
 | 3,618 | 3,271
Other auditors (3) |  | 
Audit or review of the financial reports | 432 | 419
Assurance related services (1) | 50 | 50
Tax compliance services | 62 | 29
 | 544 | 498
Total auditors’ remuneration | 4,162 | 3,769


Question: For the other auditors, what is the percentage change of tax compliance service from 2018 to 2019?
Answer: 113.79
Calculation: (62-29)/29
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Note 18. Quarterly Consolidated Results of Operations Data (Unaudited)
The following table sets forth our quarterly consolidated results of operations data for each of the eight quarters in the period ended December 31, 2019. GS Holdings is our predecessor for accounting purposes and, accordingly, amounts prior to the Reorganization Transactions and IPO represent the historical consolidated operations of GS Holdings and its subsidiaries. The amounts during the period from May 24, 2018 through December 31, 2018 represent those of consolidated GreenSky, Inc. and its subsidiaries. Basic and diluted earnings per share of Class A common stock is applicable only for the period from May 24, 2018 through December 31, 2018, which is the period following the Reorganization Transactions and IPO. Prior to the Reorganization Transactions and IPO, GreenSky, Inc. did not engage in any business or other activities except in connection with its formation and initial capitalization. See Note 1 for further information on our organization and see Note 2 for further information on our earnings per share.
(1) Year-to-date results may not agree to the sum of individual quarterly results due to rounding.
Table:
 |  |  | Year Ended December 31, 2018 |  | 
 | First
Quarter | Second
Quarter | Third Quarter | Fourth
Quarter | Total
Total revenue | $85,326 | $105,704 | $113,912 | $109,731 | $414,673
Cost of revenue (exclusive of depreciation
and amortization) | 36,130 | 33,765 | 35,374 | 55,170 | 160,439
Total costs and expenses | 61,749 | 58,896 | 59,655 | 81,583 | 261,883
Operating profit | 23,577 | 46,808 | 54,257 | 28,148 | 152,790
Total other income (expense), net | (4,973) | (4,398) | (5,170) | (4,735) | (19,276)
Income before income tax expense (benefit) | 18,604 | 42,410 | 49,087 | 23,413 | 133,514
Net income | 18,604 | 40,816 | 45,712 | 22,848 | 127,980
Less: Net income attributable to
noncontrolling interests | 18,604 | 35,266 | 33,711 | 16,143 | 103,724
Net income attributable to GreenSky, Inc. | N/A | 5,550 | 12,001 | 6,705 | 24,256
Earnings per share of Class A common stock: |  |  |  |  | 
Basic | N/A | $0.10 | $0.21 | $0.12 | $0.43
Diluted(1) | N/A | $0.09 | $0.20 | $0.11 | $0.41


Question: What was the change in total costs and expenses between the second and third quarter?
Answer: 759
Calculation: 59,655-58,896
This section provides a summary of the capital management activity of the Group during the period, including the Group’s borrowings. The Group manages its liquidity requirements with a range of short-term money market loans, bank loans, and flexible debt instruments with varying maturities.
The Group manages its capital structure with the objective of enhancing long-term shareholder value through funding its business at an optimised weighted average cost of capital.
The Group returns capital to shareholders when consistent with its long-term capital structure objectives and where it will enhance shareholder value. In May 2019, the Group returned $1.7 billion of capital to shareholders through an off-market share buy-back. This resulted in the purchase of 58.7 million shares which were subsequently cancelled. The share buy-back complements dividends of $1.4 billion paid to shareholders this reporting period through the 2018 final and special dividends, and the 2019 interim dividend, with a total of $3.1 billion returned to shareholders, excluding franking credits.
The Group remains committed to solid investment grade credit ratings and a number of actions can be undertaken to support the credit profile including the sale of non-core assets, further working capital initiatives, and adjusting growth capital expenditure and the property leasing profile. The Group’s credit ratings (1) are BBB (stable outlook) according to S&P and Baa2 (stable outlook) according to Moody’s.
In March 2019, the $500 million domestic Medium Term Notes matured. It was refinanced in April 2019 with $400 million of Medium Term Notes issued to meet the Group’s new Green Bond Framework (Green Bonds). The Green Bonds have been issued for a five-year tenor, maturing in April 2024.
In November 2019, $320 million of undrawn syndicated bank loan facilities are due to mature. The Group intends to refinance this facility at maturity.
(1) These credit ratings have been issued by a credit rating agency which holds an Australian Financial Services Licence with an authorisation to issue credit ratings to wholesale clients only and are for the benefit of the Group’s debt providers.
Table:
 | OPENING | NON‑CASH | NET CASH | CLOSING
 | BALANCE | MOVEMENTS | MOVEMENTS | BALANCE
2019 | $M | $M | $M | $M
Current, unsecured |  |  |  | 
Short-term money market loans | 16 | 2 | 21 | 39
Bank loans | 88 | 5 | 142 | 235
Securities | 500 | – | (500) | –
Total current borrowings | 604 | 7 | (337) | 274
Non‑current, unsecured |  |  |  | 
Bank loans | 540 | 36 | 102 | 678
Securities | 1,668 | 110 | 400 | 2,178
Unamortised borrowing costs | (9) | 5 | – | (4)
Finance leases | – | 6 | (3) | 3
Total non‑current borrowings | 2,199 | 157 | 499 | 2,855
Total | 2,803 | 164 | 162 | 3,129


Question: According to Moody's, what is the credit rating for the Group?
Answer: Baa2
Expected realisation of remaining performance obligations at year end
The Company applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.
For contracts that exceed one year, deferred income that relates to unsatisfied or partially satisfied performance obligations at year end is expected to be recognised as revenue in the future as follows:
The above information represents the revenue the Company will recognise when it satisfies the remaining performance obligations in the contracts. The amounts presented do not include orders for which neither party has performed.
Revenue from the sale of hardware and software generally arises from contracts less than one year in length. Consequently, the above amounts predominantly relate to the sale of maintenance and support services.
Virtually all of the revenue will be recognised within three years.
The Company provides standard warranties on its products and services. The nature of these warranties is considered to provide customers with assurance that the related product or service will function as intended in accordance with the agreed specification, and does not contain or imply any additional service obligation to the customer. Warranty obligations are estimated and recognised as liabilities based on the probable outflow of resources.
Table:
 | 2019 | 2018
 | £ million | £ million
Within one year | 1.0 | 1.2
Greater than one year | 0.8 | 0.9
 | 1.8 | 2.1


Question: What are the types of contracts in the table for which the Company will recognise their revenue when it satisfies the remaining performance obligations in the contracts?
Answer: Within one year, Greater than one year
Results of Continuing Operations
The following table sets forth certain operational data as a percentage of net sales for the fiscal years indicated:
Table:
 |  | Year Ended March 31, | 
 | 2019 | 2018 | 2017
Net sales | 100.0% | 100.0% | 100.0%
Cost of sales | 45.2 | 39.2 | 48.4
Gross profit | 54.8 | 60.8 | 51.6
Research and development | 15.4 | 13.3 | 16.0
Selling, general and administrative | 12.8 | 11.4 | 14.7
Amortization of acquired intangible assets | 12.6 | 12.2 | 9.9
Special charges and other, net | 0.6 | 0.4 | 2.9
Operating income | 13.4% | 23.5% | 8.1%


Question: What was the percentage of gross profit of net sales in 2018?
Answer: 60.8
8 EXPENSES BY NATURE
Note: (a) Transaction costs primarily consist of bank handling fees, channel and distribution costs.
(b) During the year ended 31 December 2019, the Group incurred expenses for the purpose of research and development of approximately RMB30,387 million (2018: RMB22,936 million), which comprised employee benefits expenses of approximately RMB24,478 million (2018: RMB19,088 million).
During the year ended 31 December 2019, employee benefits expenses included the share-based compensation expenses of approximately RMB10,500 million (2018: RMB7,900 million).
No significant development expenses had been capitalised for the years ended 31 December 2019 and 2018.
(c) Included the amortisation charges of intangible assets mainly in respect of media contents.
During the year ended 31 December 2019, amortisation of intangible assets included the amortisation of intangible assets resulting from business combinations of approximately RMB1,051 million (2018: RMB524 million).
Table:
 | 2019 | 2018
 | RMB’Million | RMB’Million
Transaction costs (Note (a)) | 85,702 | 69,976
Employee benefits expenses (Note (b) and Note 13) | 53,123 | 42,153
Content costs (excluding amortisation of intangible assets) | 48,321 | 39,061
Amortisation of intangible assets (Note (c) and Note 20) | 28,954 | 25,616
Bandwidth and server custody fees (excluding depreciation of right-of-use assets) | 16,284 | 15,818
Depreciation of property, plant and equipment, investment properties and right-of-use assets (Note 16 and Note 18) | 15,623 | 8,423
Promotion and advertising expenses | 16,405 | 19,806
Travelling and entertainment expenses | 1,773 | 1,450
Auditor’s remuneration |  | 
– Audit and audit-related services | 105 | 110
– Non-audit services | 43 | 26


Question: What did the transaction costs primarily consist of?
Answer: bank handling fees, channel and distribution costs.
7. ACCRUED LIABILITIES
Other accrued expenses consisted of the following at December 31, 2019 and 2018 (in thousands):
Advances are amounts received from litigation counsel as advanced reimbursement of out-of-pocket expenses expected to be incurred by us. Board compensation of $0.4 million at December 31, 2019 and 2018 represents accrued and unpaid board and committee fees from prior periods. In the first quarter of 2020, current and prior board members agreed to waive unpaid cash fees in exchange for share-based compensation awards with an aggregate grant-date fair value of approximately $0.1 million (see Note 18).
Table:
 | 2019 | 2018
Advances | 500 | -
Board compensation | 413 | 413
Other accrued expenses | 168 | 150
 | $1,081 | $563


Question: Which years information is included in this note?
Answer: 2018, 2019
Results of Operations
Revenue
Revenue decreased in fiscal year 2019 compared to fiscal year 2018, but increased compared to fiscal year 2017, primarily as a result of the volatility of semiconductor capital investments by our customers. The overall Asia region continued to account for a majority of our revenues as a substantial amount of the worldwide capacity investments for semiconductor manufacturing continued to occur in this region.
Our deferred revenue balance was $449 million as of June 30, 2019, compared to $994 million as of June 24, 2018. The deferred revenue at the end of June 2019 is recognized under Accounting Standard Codification (“ASC”) 606, while the same values as of June 2018 are recognized under ASC 605, which contributes to the change in value period over period. Our deferred revenue balance does not include shipments to customers in Japan, to whom title does not transfer until customer acceptance. Shipments to customers in Japan are classified as inventory at cost until the time of customer acceptance. The anticipated future revenue value from shipments to customers in Japan was approximately $78 million as of June 30, 2019, compared to $607 million as of June 24, 2018.
Table:
 |  | YearEnded | 
 | June 30, 2019 | June 24, 2018 | June 25, 2017
Revenue (in millions) | $9,654 | $11,077 | $8,014
Korea | 23% | 35% | 31%
China | 22% | 16% | 13%
Japan | 20% | 17% | 13%
Taiwan | 17% | 13% | 26%
UnitedStates | 8% | 7% | 8%
SoutheastAsia | 6% | 7% | 5%
Europe | 4% | 5% | 4%


Question: What is the percentage change in the anticipated future revenue value from shipments to customers in Japan from 2018 to 2019?
Answer: -87.15
Calculation: (78-607)/607