hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
8. Goodwill
The changes in the carrying amount of goodwill by operating segment are as follows (amounts in millions):
At December 31, 2019, 2018, and 2017, there were no accumulated impairment losses.
Table:
 | Activision | Blizzard | King | Total
Balance at December 31, 2017 | $6,898 | $190 | $2,675 | $9,763
Other | (1) | — | — | (1)
Balance at December 31, 2018 | $6,897 | $190 | $2,675 | $9,762
Other | 1 | — | 1 | 2
Balance at December 31, 2019 | $6,898 | $190 | $2,676 | $9,764


Question: What was the difference in balance in 2017 between Activision and Blizzard?
Answer: 6708
Calculation: $6,898-$190
movement in exit cost liabilities the movement in exit cost liabilities for pmi was as follows : ( in millions ) .

Table:
liability balance january 1 2014 | $ 308
charges net | 391
cash spent | -360 ( 360 )
currency/other | -69 ( 69 )
liability balance december 31 2014 | $ 270
charges net | 68
cash spent | -232 ( 232 )
currency/other | -52 ( 52 )
liability balance december 31 2015 | $ 54
cash payments related to exit costs at pmi were $ 232 million , $ 360 million and $ 21 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .
future cash payments for exit costs incurred to date are expected to be approximately $ 54 million , and will be substantially paid by the end of 2017 .
the pre-tax asset impairment and exit costs shown above are primarily a result of the following : the netherlands on april 4 , 2014 , pmi announced the initiation by its affiliate , philip morris holland b.v .
( 201cpmh 201d ) , of consultations with employee representatives on a proposal to discontinue cigarette production at its factory located in bergen op zoom , the netherlands .
pmh reached an agreement with the trade unions and their members on a social plan and ceased cigarette production on september 1 , 2014 .
during 2014 , total pre-tax asset impairment and exit costs of $ 489 million were recorded for this program in the european union segment .
this amount includes employee separation costs of $ 343 million , asset impairment costs of $ 139 million and other separation costs of $ 7 million .
separation program charges pmi recorded other pre-tax separation program charges of $ 68 million , $ 41 million and $ 51 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .
the 2015 other pre-tax separation program charges primarily related to severance costs for the organizational restructuring in the european union segment .
the 2014 other pre-tax separation program charges primarily related to severance costs for factory closures in australia and canada and the restructuring of the u.s .
leaf purchasing model .
the 2013 pre-tax separation program charges primarily related to the restructuring of global and regional functions based in switzerland and australia .
contract termination charges during 2013 , pmi recorded exit costs of $ 258 million related to the termination of distribution agreements in eastern europe , middle east & africa ( due to a new business model in egypt ) and asia .
asset impairment charges during 2014 , pmi recorded other pre-tax asset impairment charges of $ 5 million related to a factory closure in canada. .

Question: what was the difference in cash payments related to exit costs at pmi from 2013 to 2014 in millions?
Answer: 339
Calculation: subtract(360, 21)
Restricted Stock Units
RSU activity is summarized as follows (shares in thousands):
The weighted-average grant date fair value of RSUs granted during the years ended December 31, 2019, 2018, and 2017 was $55.69, $46.17, and $37.99, respectively. The total fair value of RSUs vested as of the vesting dates during the years ended December 31, 2019, 2018, and 2017 was $58.4 million, $49.9 million, and $37.2 million, respectively.
Unrecognized compensation expense related to unvested RSUs was $127.2 million at December 31, 2019, which is expected to be recognized over a weighted-average period of 2.6 years.
Table:
 | Number of Shares | Weighted- Average Grant Date Fair Value
Unvested shares at December 31, 2018 | 4,117 | $41.94
Granted | 1,589 | 55.69
Forfeited | (510) | 45.72
Vested | (1,440) | 40.61
Unvested shares at December 31, 2019 | 3,756 | $47.76


Question: What is the change in number of unvested shares between 2018 and 2019?
Answer: -361
Calculation: (3,756-4,117)
ALTERNATIVE PERFORMANCE MEASURES
Gross profit:
TORM defines Gross profit, a performance measure, as revenue less port expenses, bunkers and commissions, charter hire and operating expenses. The Company reports Gross profit because we believe it provides additional meaningful information to investors, as Gross profit measures the net earnings from shipping activities. Gross profit is calculated as follows:
Table:
USDm | 2019 | 2018 | 2017
Reconciliation to revenue |  |  | 
Revenue | 692.6 | 635.4 | 657.0
Port expenses, bunkers and commissions | -267.7 | -283.0 | -259.9
Charter hire | - | -2.5 | -8.5
Operating expenses | -173.0 | -180.4 | -188.4
Gross profit | 251.9 | 169.5 | 200.2


Question: What are the components under Reconciliation to revenue when calculating the gross profit?
Answer: Revenue, Port expenses, bunkers and commissions, Charter hire, Operating expenses
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
21. Related Party Transactions (Continued)
Compensation of key management personnel
The remuneration of directors and key management was as follows:
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Remuneration | 7,603 | 7,011 | 7,536
Short-term benefits | 106 | 136 | 172
Expense recognized in respect of share-based compensation | 1,821 | 1,992 | 2,044
Total | 9,530 | 9,139 | 9,752


Question: In which years was the remuneration of directors and key management recorded for?
Answer: 2017, 2018, 2019
SHARE-BASED PAYMENTS (continued)
(a) Share option schemes (continued) (iii) Fair value of option
The directors of the Company have used the Binomial Model to determine the fair value of the options as at the respective grant dates, which is to be expensed over the relevant vesting period. The weighted average fair value of options granted during the year ended 31 December 2019 was HKD123.82 per share (equivalent to approximately RMB106.09 per share) (2018: HKD127.43 per share (equivalent to approximately RMB103.46 per share)).
Other than the exercise price mentioned above, significant judgment on parameters, such as risk free rate, dividend yield and expected volatility, are required to be made by the directors in applying the Binomial Model, which are summarised as below.
Note: The expected volatility, measured as the standard deviation of expected share price returns, is determined based on the average daily trading price volatility of the shares of the Company.
Table:
 | 2019 | 2018
Weighted average share price at the grant date | HKD373.33 | HKD405.00
Risk free rate | 1.08%~2.07% | 1.77%~2.27%
Dividend yield | 0.23% | 0.24%~0.25%
Expected volatility (Note) | 30.00% | 30.00%


Question: How much did the Expected volatility change by between 2018 and 2019?
Answer: 0
Calculation: 30.00%-30.00%
Description of Business
Key Clients. We work with the leading communication service providers located around the world. A partial list of our key clients as of December 31, 2019 is included below:
Clients that represented 10% or more of our revenues for 2019 and 2018 were as follows (in millions, except percentages):
See the Significant Client Relationships section of our Management’s Discussion and Analysis (“MD&A”) for additional information regarding our business relationships with these key clients.
Research and Development. Our clients around the world are facing competition from new entrants and at the same time, are deploying new services at a rapid pace and dramatically increasing the complexity of their business operations. Therefore, we continue to make meaningful investments in R&D to ensure that we stay ahead of our clients’ needs and advance our clients’ businesses as well as our own. We believe our value proposition is to provide solutions that help our clients ensure that each customer interaction is an opportunity to create value and deepen the business relationship.
Our total R&D expenses for 2019 and 2018 were $128.0 million and $124.0 million, respectively, or approximately 13% and 14%, respectively, of our total revenues. We anticipate the level of R&D investment in the near-term to be relatively consistent with that of 2019.
There are certain inherent risks associated with significant technological innovations. Some of these risks are described in this report in our Risk Factors section below.
Table:
 |  | 2019 |  | 2018
 | Amount | % of Revenues | Amount | % of Revenues
Comcast | $ 229 | 23% | $221 | 25%
Charter | 195 | 20% | 179 | 20%


Question: What are the customers that represent 10% or more of the company's revenue in 2019?
Answer: Comcast, Charter
18. Revenue
Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company recognizes revenue over time for the majority of its contracts with customers which results in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers continues to be recognized at a point in time, similar to recognition prior to the adoption of the standard.
Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs are recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates.
The Company adopted ASU 2014-09 using the modified retrospective method by applying the guidance to all open contracts upon adoption and recorded a cumulative effect adjustment as of September 1, 2018, net of tax,  effect adjustment (in thousands):
(1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
(2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
(3) Included within accrued expenses on the Consolidated Balance Sheets.
(4) Differences included in contract liabilities as of September 1, 2018.
Table:
 | Balance as of August 31, 2018 | Adjustments due to adoption of ASU 2014-09 | Balance as of September 1, 2018
Assets |  |  | 
Contract assets(1) | $— | $591,616 | $591,616
Inventories, net(1) | $3,457,706 | $(461,271) | $2,996,435
Prepaid expenses and other current assets(1)(2) | $1,141,000 | $(37,271) | $1,103,729
Deferred income taxes(1)(2) | $218,252 | $(8,325) | $209,927
Liabilities |  |  | 
Contract liabilities(2)(3) | $— | $690,142 | $690,142
Deferred income(2)(3)(4) | $691,365 | $(691,365) | $—
Other accrued expenses(3)(4) | $1,000,979 | $40,392 | $1,041,371
Deferred income taxes(1) | $114,385 | $2,977 | $117,362
Equity |  |  | 
Retained earnings(1)(2) | $1,760,097 | $42,602 | $1,802,699


Question: What was the percentage change in the balance of retained earnings due to adjustments by the new standard?
Answer: 2.42
Calculation: (1,802,699-1,760,097)/1,760,097
Note 4 – Fair Value Measurements
Assets and Liabilities Measured at Fair Value
The Company’s contingent earn-out liabilities are measured at fair value. These liabilities were estimated using Level 3 inputs. The fair value of contingent consideration was determined based on a probability-based approach which includes projected results, percentage probability of occurrence and the application of a discount rate to present value the payments. A significant change in projected results, discount rate, or probabilities of occurrence could result in a significantly higher or lower fair value measurement. Changes in the fair value of contingent earn-out liabilities are reflected in operating expenses on the Company’s consolidated statements of operations.
The following table presents the changes in Level 3 contingent earn-out liabilities:
In May 2019, the Company fully settled its Del Monte earn-out liability for $200. The long-term portion of contingent earn-out liabilities was $7,957 and $2,792 as of December 27, 2019 and December 28, 2018, respectively, and are reflected as other liabilities and deferred credits on the Company’s consolidated balance sheets. The remaining short-term portion of earn-out liabilities are reflected as accrued liabilities on the Company’s consolidated balance sheets. Contingent earn-out liability payments in excess of the acquisition date fair value of the underlying contingent earn-out liability are classified as operating activities on the Company’s consolidated statements of cash flows and all other such payments are classified as financing activities.
Table:
 | Del Monte  | Fells Point  | Bassian  | Other Acquisitions | Total
Balance December 29, 2017 | $649 | $4,579 | $— | $— | $5,228
Acquisition value | — | — | — | 1,414 | 1,414
Cash payments | — | (3,000) | — | — | (3,000)
Changes in fair value | (649) | 2,070 | — | 27 | 1,448
Balance December 28, 2018 | — | 3,649 | — | 1,441 | 5,090
Acquisition value | — | — | 7,450 | 479 | 7,929
Cash payments | (200) | (3,000) | — | (1,000) | (4,200)
Changes in fair value | 200 | 3,895 | 507 | 1,277 | 5,879
Balance December 27, 2019 | $— | $4,544 | $7,957 | $2,197 | $14,698


Question: What is the average long-term portion of contingent earn-out liabilities for 2018 and 2019?
Answer: 5374.5
Calculation: (7,957+ 2,792)/2
8. OTHER NON-CURRENT ASSETS
* relates to certain office lease contracts. Optional periods are not included in the calculation.
Table:
All figures in USD ‘000  | 2019 | 2018
Fixture, Furniture and Equipment | 65 | 128
Right of Use Asset* | 1,412 | -
Other   | 57 | 83
Total as of December 31,   | 1,534 | 211


Question: What are the respective values of the company's fixture, furniture and equipment in 2018 and 2019?
Answer: 128, 65
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 foreign tax in 2019?
Answer: 7,323
Income Tax Expense (Benefit)
Significant components of the income tax expense (benefit) were as follows:
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Current income tax expense (benefit): |  |  | 
U.S.: |  |  | 
Federal | $ (28) | $ 20 | $ (9)
State | 2 | 21 | 9
Non-U.S. | 229 | 406 | 322
 | 203 | 447 | 322
Deferred income tax expense (benefit): |  |  | 
U.S.: |  |  | 
Federal | (25) | 499 | (119)
State | (8) | (30) | (15)
Non-U.S. | (185) | (1,260) | (8)
 | (218) | (791) | (142)
Income tax expense (benefit) | $ (15) | $ (344) | $ 180


Question: Which year was the current income tax expense (benefit) for Non-U.S. the largest?
Answer: 2018
Calculation: 406>322>229
Key Operating Metrics and Non-GAAP Financial Measures
We collect and analyze operating and financial data to evaluate the health of our business, allocate our

resources, and assess our performance. In addition to revenue, net loss, and other results under  generally accepted accounting principles (GAAP), the following table sets forth key operating metrics and non-GAAP financial measures we use to evaluate our business. We believe these metrics and measures are useful to facilitate period-to-period comparisons of our business, and to facilitate comparisons of our performance to that of other payment processors. Each of these metrics and measures excludes the effect of our processing agreement with Starbucks which transitioned to another payments solutions provider in the fourth quarter of 2016. As we do not expect transactions with Starbucks to recur, we believe it is useful to exclude Starbucks activity to clearly show the impact Starbucks has had on our financial results historically. Our agreements with other sellers generally provide both those sellers and us the unilateral right to terminate such agreements at any time, without fine or

penalty.
Gross Payment Volume (GPV)
We define GPV as the total dollar amount of all card payments processed by sellers using Square, net of refunds. Additionally, GPV includes Cash App activity related to peer-to-peer payments sent from a credit card and Cash for Business. As described above, GPV excludes card payments processed for Starbucks
Adjusted Revenue
Adjusted Revenue is a non-GAAP financial measure that we define as our total net revenue less transaction-based costs and bitcoin costs, and we add back the impact of the acquired deferred revenue adjustment, which was written down to fair value in purchase. This measure is also adjusted to eliminate the effect of activity with Starbucks, which ceased using our payments solutions altogether in the fourth quarter of 2016, and we believe that providing Adjusted Revenue metrics that exclude the impact of our agreement with Starbucks is useful to investors.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2018 | 2017 | 2016 | 2015 | 2014
 |  |  | (in thousands, except for GPV and per share data) |  | 
Gross Payment Volume (GPV)(in millions) | $84,654 | $65,343 | $49,683 | $35,643 | $23,780
Adjusted Revenue | $1,587,641 | $983,963 | $686,618 | $452,168 | $276,310
Adjusted EBITDA | $256,523 | $139,009 | $44,887 | $(41,115) | $(67,741)
Adjusted Net Income (Loss) Per Share: |  |  |  |  | 
Basic | $0.55 | $0.30 | $0.04 | $(0.39) | $(0.62)
Diluted | $0.47 | $0.27 | $0.04 | $(0.39) | $(0.62)


Question: What is the percentage change of Adjusted Revenue from 2016 to 2017?
Answer: 43.31
Calculation: (983,963 - 686,618) / 686,618
4. Income Taxes
Provision for Income Taxes
Income (loss) before income tax expense is summarized below (in thousands):
(1) Includes the elimination of intercompany foreign dividends paid to the U.S.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Domestic (1) | $(415,707) | $(426,897) | $(373,690)
Foreign (1) | 866,411 | 800,298 | 629,923
 | $450,704 | $373,401 | $256,233


Question: What was the percentage change in total income (loss) between 2017 and 2018?
Answer: 45.73
Calculation: ($373,401-$256,233)/$256,233
14. Selected Quarterly Financial Data (Unaudited)
Selected quarterly financial data for 2019 and 2018 is as follows (in thousands, except per share amounts):
Table:
 |  | Quarter Ended |  | 
 | March 31, | June 30, | September 30, | December 31,
 | 2019 | 2019 | 2019 | 2019
Revenue | $50,290 | $49,189 | $52,833 | $60,316
Gross profit | $38,040 | $37,918 | $40,913 | $46,876
Net income (loss) | $(12,272) | $(5,771) | $173 | $51
Net loss per share-basic | $(0.16) | $(0.08) | $— | $—
Net loss per share-diluted | $(0.16) | $(0.08) | $— | $—
 |  | Quarter | Ended | 
 | March 31, | June 30, | September 30, | December 31,
 | 2018 | 2018 | 2018 | 2018
Revenue | $49,183 | $60,713 | $60,502 | $61,825
Gross profit | $37,299 | $47,526 | $47,488 | $48,014
Net loss | $(19,670) | $(4,532) | $(1,807) | $(1,608)
Net loss per share-basic | $(0.27) | $(0.06) | $(0.02) | $(0.02)
Net loss per share-diluted | $(0.27) | $(0.06) | $(0.02) | $(0.02)


Question: What is the revenue earned in the first quarter of 2019?
Answer: $50,290
The reconciliation of income tax computed at the U.S. federal statutory tax rate to income tax expense is as follows:
(1) In 2018, we recorded $3.5 million of tax expense related to foreign earnings which were not permanently reinvested prior to the enactment of the U.S. Tax Act. After enactment, certain foreign earnings are taxed at higher statutory rates than the U.S. which results in $2.1 million of incremental tax expense in 2019. In 2017, we provided for deferred taxes on all cumulative unremitted foreign earnings, as the earnings were no longer considered permanently reinvested resulting in a charge of $9.5 million.
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Tax expense at U.S. statutory rate | $ 10,992 | $  3,124 | $  (3,877)
State income taxes, net of federal tax effect | 1,416 | (237) | (923)
Nondeductible expenses | 1,720 | 1,186 | (185)
Change in reserve for tax contingencies | (1,468) | (1,047) | (4,435)
Change in deferred tax asset valuation allowance | (10,007) | 8,784 | 17,374
Foreign rate differential (1) | 2,149 | 5,684 | 9,912
Tax credits | (4,767) | (2,656) | (3,459)
Impact of U.S. Tax Reform | — | (7,053) | —
Global Intangible Low-Tax Income | 8,182 | — | —
Stock Based Compensation | (448) | 59 | 16
Non-controlling interest in equity arrangements | 1,802 | 99 | —
Other | 1,469 | (850) | 235
Provision for income taxes | $  11,040 | $  7,093 | $  14,658


Question: What is the percentage change in nondeductible expenses in 2019 from 2018?
Answer: 45.03
Calculation: (1,720-1,186)/1,186