hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
issuer purchases of equity securities in january 2017 , our board of directors authorized the repurchase of shares of our common stock with a value of up to $ 525 million in the aggregate . as of december 29 , 2018 , $ 175 million remained available under this authorization . in february 2019 , our board of directors authorized the additional repurchase of shares of our common stock with a value of up to $ 500.0 million in the aggregate . the actual timing and amount of repurchases are subject to business and market conditions , corporate and regulatory requirements , stock price , acquisition opportunities and other factors . the following table presents repurchases made under our current authorization and shares surrendered by employees to satisfy income tax withholding obligations during the three months ended december 29 , 2018 : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plan or program maximum dollar value of shares authorized for repurchase under publicly announced plan or program ( 1 ) ( in millions ) september 30 , 2018 2013 november 3 , 2018 543900 $ 42.64 495543 $ 254 november 4 , 2018 2013 december 1 , 2018 650048 $ 44.49 623692 $ 226 december 2 , 2018 2013 december 29 , 2018 1327657 $ 42.61 1203690 $ 175 .

Table:
period | total numberof sharespurchased ( 1 ) | averageprice paidper share ( 2 ) | total number ofshares purchasedas part ofpublicly announcedplan or program | maximum dollarvalue of sharesauthorized for repurchase underpublicly announcedplan or program ( 1 ) ( in millions )
september 30 2018 2013 november 3 2018 | 543900 | $ 42.64 | 495543 | $ 254
november 4 2018 2013 december 1 2018 | 650048 | $ 44.49 | 623692 | $ 226
december 2 2018 2013 december 29 2018 | 1327657 | $ 42.61 | 1203690 | $ 175
total | 2521605 | $ 43.10 | 2322925 | 
( 1 ) shares purchased that were not part of our publicly announced repurchase programs represent employee surrender of shares of restricted stock to satisfy employee income tax withholding obligations due upon vesting , and do not reduce the dollar value that may yet be purchased under our publicly announced repurchase programs .
( 2 ) the weighted average price paid per share of common stock does not include the cost of commissions. .

Question: how is net change in cash from financing activity affected by the share repurchase during december 20018 , ( in millions ) ?
Answer: 56.6
Calculation: multiply(1327657, 42.61), divide(#0, const_1000000)
Teradyne determined the stock options’ expected life based upon historical exercise data for executive officers, the age of the executive officers and the terms of the stock option grant. Volatility was determined using historical volatility for a period equal to the expected life. The risk-free interest rate was determined using the U.S. Treasury yield curve in effect at the time of grant. Dividend yield was based upon an estimated annual dividend amount of $0.36 per share divided by Teradyne’s stock price on the grant date of $37.95 for the 2019 grants, $47.70 for the 2018 grants and $28.56 for the 2017 grants.
Stock compensation plan activity for the years 2019, 2018, and 2017, is as follows:
Table:
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Restricted Stock Units: |  |  | 
Non-vested at January 1 | 2,454 | 3,174 | 3,778
Awarded | 1,139 | 790 | 939
Vested | (1,237) | (1,382) | (1,434)
Forfeited | (87) | (128) | (109)
Non-vested at December31 | 2,269 | 2,454 | 3,174
Stock Options: |  |  | 
Outstanding at January 1 | 506 | 531 | 926
Granted | 102 | 69 | 111
Exercised | (280) | (94) | (501)
Forfeited | (7) | — | —
Expired | (2) | — | (5)
Outstanding at December 31 | 319 | 506 | 531
Vested and expected to vest at December 31 | 319 | 506 | 531
Exercisable at December 31 | 85 | 256 | 233


Question: How was volatility determined?
Answer: using historical volatility for a period equal to the expected life
Note: Net loss equals to comprehensive loss for all years presented.
(1) Net loss per share and weighted average shares, basic and diluted are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019.
The accompanying notes form an integral part of these Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts)
Table:
 | 2019 | 2018 | 2017
Statements of Operations: |  |  | 
Revenue | $10,310 | $12,629 | $12,149
Cost of revenue | 4,405 | 6,295 | 6,627
Gross profit | 5,905 | 6,334 | 5,522
Operating expenses: |  |  | 
Research and development | 12,350 | 9,948 | 9,572
Selling, general and administrative | 8,918 | 9,982 | 9,900
Loss from operations | (15,363) | (13,596) | (13,950)
Interest expense | (350) | (108) | (115)
Interest income and other expense, net | 189 | 77 | 21
Loss before income taxes | (15,524) | (13,627) | (14,044)
(Benefit from) Provision for income taxes | (80) | 152 | 87
Net loss | $(15,444) | $(13,779) | $(14,131)
Net loss per share: (1) |  |  | 
Basic and diluted | $(2.02) | $(2.16) | $(2.56)
Weighted average shares: |  |  | 
Basic and diluted | 7,663 | 6,365 | 5,521


Question: What are the respective revenue in 2018 and 2019?
Answer: $12,629, $10,310
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read together with our consolidated financial statements and accompanying notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this report. The selected consolidated financial data in this section is not intended to replace our consolidated financial statements and the accompanying notes. Our historical results are not necessarily indicative of our future results.
We derived the consolidated statements of operations data for the fiscal years ended December 31, 2019, 2018 and 2017 and the consolidated balance sheets data as of December 31, 2019 and 2018 from our audited consolidated financial statements appearing elsewhere in this report. The consolidated statement of operations data for the years ended December 31, 2016 and 2015 and the consolidated balance sheet data as of December 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements, which are not included in this report.
Table:
 | Year Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Consolidated Statement of Operations Data |  |  | (Dollars in thousands except share and per share data) |  | 
Net sales | $ 245,862 | $193,237 | $152,359 | $129,707 | $113,505
Cost of goods sold | 131,665 | 103,247 | 79,943 | 69,336 | 58,856
Gross profit | 114,197 | 89,990 | 72,416 | 60,371 | 54,649
Selling, general and administrative expenses | 114,450 | 94,876 | 75,167 | 62,586 | 58,297
Loss from operations | (253) | (4,886) | (2,751) | (2,215) | (3,648)
Other income (expenses), net | 5 | (102) | (525) | (182) | 449
Interest expense | (991) | (296) | (910) | (698) | (455)
Loss before income taxes | (1,239) | (5,284) | (4,187) | (3,095) | (3,653)
Income tax expense | 144 | 77 | 75 | 66 | 58
Net loss attributable to common stockholders | $(1,383) | $(5,361) | $(4,262) | $(3,161) | $(3,711)
Net loss per share |  |  |  |  | 
Basic | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Diluted | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Weighted Average shares of common stock outstanding |  |  |  |  | 
Basic | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940
Diluted | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940


Question: What are the 2 types of shares seen in the table?
Answer: Basic, Diluted
Financial position and cash flow
Capital expenditure and cash flow
Net operating cash inflow was $4,709,000, which was $4,081,000 lower than last year. The reduction in operating revenue was offset by lower operational costs. However, net cash was impacted by the increase in trail to upfront revenue mix. In addition, as a result of the loss position reported for FY18, the Group received a net tax refund of $2,327,000 during the year, compared to the prior year net tax paid of $172,000.
Net investing cash outflows for the year was $12,337,000. The $7,755,000 decrease in spend in investing activities relates to the Group’s controlling interest acquisition of iMoney in December 2017.
Net financing cash outflows for the 2019 year totalled $3,471,000. This included $2,839,000 lease payments and $497,000 interest expense related to leases. The material decrease against the prior year comparative period relates to $32,918,000 paid in share buy-backs and dividends in the prior period.
Table:
CASH FLOW SUMMARY | 2019 $’000 | 2018 $’000 RESTATED | CHANGE
Net cash provided  from operating  activities | 4,709 | 8,790 | 46%
Net cash used in  investing activities | (12,337) | (20,092) | (39%)
Net cash used in financing activities | (3,471) | (36,014) | (90%)
Net change in cash and cash equivalent | (11,099) | (47,316) | (77%)


Question: What is the change in Net change in cash and cash equivalent from 2018 to 2019?
Answer: 36217
Calculation: (11,099)-(47,316)
does not believe are in our and our stockholders 2019 best interest . the rights plan is intended to protect stockholders in the event of an unfair or coercive offer to acquire the company and to provide our board of directors with adequate time to evaluate unsolicited offers . the rights plan may prevent or make takeovers or unsolicited corporate transactions with respect to our company more difficult , even if stockholders may consider such transactions favorable , possibly including transactions in which stockholders might otherwise receive a premium for their shares . item 1b . unresolved staff comments item 2 . properties as of december 31 , 2016 , our significant properties used in connection with switching centers , data centers , call centers and warehouses were as follows: .

Table:
 | approximate number | approximate size in square feet
switching centers | 57 | 1400000
data centers | 8 | 600000
call center | 16 | 1300000
warehouses | 16 | 500000
as of december 31 , 2016 , we leased approximately 60000 cell sites .
as of december 31 , 2016 , we leased approximately 2000 t-mobile and metropcs retail locations , including stores and kiosks ranging in size from approximately 100 square feet to 17000 square feet .
we currently lease office space totaling approximately 950000 square feet for our corporate headquarters in bellevue , washington .
we use these offices for engineering and administrative purposes .
we also lease space throughout the u.s. , totaling approximately 1200000 square feet as of december 31 , 2016 , for use by our regional offices primarily for administrative , engineering and sales purposes .
item 3 .
legal proceedings see note 12 2013 commitments and contingencies of the notes to the consolidated financial statements included in part ii , item 8 of this form 10-k for information regarding certain legal proceedings in which we are involved .
item 4 .
mine safety disclosures part ii .
item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is traded on the nasdaq global select market of the nasdaq stock market llc ( 201cnasdaq 201d ) under the symbol 201ctmus . 201d as of december 31 , 2016 , there were 309 registered stockholders of record of our common stock , but we estimate the total number of stockholders to be much higher as a number of our shares are held by brokers or dealers for their customers in street name. .

Question: as of 2016 , what was the average size of switching centers?
Answer: 24561
Calculation: divide(1400000, 57)
Capital and financial risk management
13 Capital risk management
The Group's objectives when managing capital are to safeguard its ability to continue as a going concern, so that it can continue to provide returns to its shareholders and benefits to its stakeholders and to maintain an optimal capital structure to reduce the cost of capital.
In the future, the Directors may pursue funding options such as debt, sale and leaseback of assets, additional equity and various other funding mechanisms as appropriate in order to undertake its projects and deliver optimum shareholders’ return.
The Group intends to maintain a gearing ratio appropriate for a company of its size and growth.
The Group manages its capital structure by regularly reviewing its gearing ratio to ensure it maintains an appropriate level of gearing within facility covenants. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total interest bearing financial liabilities, less cash and cash equivalents. Total capital is calculated as equity, as shown in the Consolidated Balance Sheet, plus net debt.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
Total borrowings and lease | 867,177 | 302,954
Less: cash and cash equivalents | (398,999) | (417,982)
Net debt (surplus cash) | 468,178 | (115,028)
Total equity | 875,303 | 893,977
Total capital | 1,343,481 | 778,949
Gearing ratio | 35.0% | -%


Question: How does the Group manages its capital structure ?
Answer: by regularly reviewing its gearing ratio to ensure it maintains an appropriate level of gearing within facility covenants.
Balance Sheet and Cash Flows
Cash and Cash Equivalents and Investments The following table summarizes our cash and cash equivalents and investments (in millions):
The net decrease in cash and cash equivalents and investments from fiscal 2018 to fiscal 2019 was primarily driven by cash returned to shareholders in the form of repurchases of common stock of $20.7 billion under the stock repurchase program and cash dividends of $6.0 billion, net cash paid for acquisitions and divestitures of $2.2 billion, a net decrease in debt of $1.1 billion, and capital expenditures of $0.9 billion. These uses of cash were partially offset by cash provided by operating activities of $15.8 billion and the timing of settlements of investments and other of $2.0 billion.
In addition to cash requirements in the normal course of business, on July 9, 2019 we announced our intent to acquire Acacia Communications, Inc. (“Acacia”) for a purchase consideration of approximately $2.6 billion in cash. Additionally, $0.7 billion of the U.S. transition tax on accumulated earnings for foreign subsidiaries, $6.0 billion of long-term debt and $4.2 billion of commercial paper notes outstanding at July 27, 2019, are payable within the next 12 months from the balance sheet date. See further discussion of liquidity and future payments under “Contractual Obligations” and “Liquidity and Capital Resource Requirements” below.
We maintain an investment portfolio of various holdings, types, and maturities. We classify our investments as short-term investments based on their nature and their availability for use in current operations. We believe the overall credit quality of our portfolio is strong, with our cash equivalents and our available-for-sale debt investment portfolio consisting primarily of high quality investment-grade securities. We believe that our strong cash and cash equivalents and investments position allows us to use our cash resources for strategic investments to gain access to new technologies, for acquisitions, for customer financing activities, for working capital needs, and for the repurchase of shares of common stock and payment of dividends as discussed below.
Table:
 | July 27, 2019 | July 28, 2018 | Increase (Decrease)
Cash and cash equivalents . | $11,750 | $8,934 | $2,816
Available-for-sale debt investments | 21,660 | 37,009 | (15,349)
Marketable equity securities | 3 | 605 | (602)
Total | $33,413 | $46,548 | $(13,135)


Question: What was the percentage change in the total between 2018 and 2019?
Answer: -28.22
Calculation: (33,413-46,548)/46,548
Note 9. Non-current assets - property, plant and equipment
Property, plant and equipment secured under finance leases
Refer to note 24 for further information on property, plant and equipment secured under finance leases.
Accounting policy for property, plant and equipment
Plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably.
Plant and equipment are depreciated and leasehold improvements are amortised over their estimated useful lives using the straightline method. Assets held under finance lease are depreciated over their expected useful lives as owned assets or, where shorter, the term of the relevant lease.
Table:
Consolidated |  | 
 | 2019 | 2018
 | US$000 | US$000
Leasehold improvements - at cost | 7,754 | 5,181
Less: Accumulated depreciation | (3,648) | (2,501)
 | 4,106 | 2,680
Plant and equipment - at cost | 6,472 | 5,298
Less: Accumulated depreciation | (2,827) | (2,278)
 | 3,645 | 3,020
Plant and equipment under lease | 15 | 27
Less: Accumulated depreciation | (4) | (15)
 | 11 | 12
 | 7,762 | 5,712


Question: When are subsequent costs included?
Answer: when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably
NOTE 10 – COMMON STOCK PURCHASE WARRANTS
Our warrant activity during the years ended December 31, 2019 and 2018 is shown below (in thousands except price data):
In connection with the issuance of the $10.0 million secured promissory notes in December 2013, we issued common stock purchase warrants (“warrants”) exercisable for 60 thousand shares of our common stock having an exercise price of $2.52 per share (after giving effect to our one-for-five reverse stock split) with an expiration date in December 2020. These warrants contain a cashless exercise feature (See Note 7).
As part of our July 2017 private placement transaction with Mr. Schutte, we issued warrants to purchase 1,782,531 shares of our common stock. The warrants are immediately exercisable at a price of $0.528 per share and expire five years after issuance (See Note 8). We have assigned a relative fair value of $495 thousand to the warrants out of the total $4.0 million proceeds from the private placement transaction and have accounted for these warrants as equity.
On June 28, 2019 as part of the changes made to the loan agreements we had with Mr. Schutte, each having an original due date of January 2, 2020, we issued to him a warrant to purchase 10.0 million shares of our common stock exercisable at a price of $0.01 per share and expire five years after issuance. We obtained a valuation of fair value on the warrant and $1.145 million was allocated to the warrant and accounted for as equity. (see Note 7 and Note 8). The warrant was assigned and transferred by Mr. Schutte to AD Pharma on June 28, 2019.
Table:
 |  |  | December 31, | 
 |  | 2019 |  | 2018
 |  | WAvg |  | WAvg
 |  | Exercise |  | Exercise
 | Number | Price | Number | Price
Outstanding, Jan. 1 | 1,842 | $0.59 | 1,842 | $0.59
Issued | 10,000 | 0.01 | - | -
Exercised | - | - | - | -
Expired | - | - | - | -
Modification | - | - | - | -
Outstanding, Dec. 31 | 11,842 | 0.10 | 1,842 | $0.59


Question: What was the exercise price of that 10 million common stock for Mr. Schutte in 2019
Answer: On June 28, 2019 as part of the changes made to the loan agreements we had with Mr. Schutte, each having an original due date of January 2, 2020, we issued to him a warrant to purchase 10.0 million shares of our common stock exercisable at a price of $0.01 per share and expire five years after issuance.
Note 18. Income Taxes
The Tax Cuts and Jobs Act, or the Tax Act, was signed into law on December 22, 2017. This legislation made significant changes in U.S. tax law, including a reduction in the corporate tax rate, changes to net operating loss carryforwards and carrybacks and a repeal of the corporate alternative minimum tax. The legislation reduced the U.S. corporate income tax rate from 35% to 21%. As a result of the enacted Tax Act, we were required to revalue deferred tax assets and liabilities at the rate in effect when the deferred tax balances are scheduled to reverse. This revaluation resulted in an additional $8.8 million of income tax expense and a corresponding reduction in the deferred tax asset which was recorded during the year ended December 31, 2017.
Additionally, on December 22, 2017, the Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 118, or SAB 118, to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for certain income tax effects of the Tax Act. Specifically, SAB 118 provides a measurement period for companies to evaluate the impacts of the Tax Act on their financial statements. We completed the accounting for the tax effects of the Tax Act during the three months ended September 30, 2018 and decreased our provisional estimate from $8.8 million to $8.7 million.
The components of our income tax expense are as follows (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Current |  |  | 
Federal | $1,615 | $741 | $584
State | 900 | 653 | (88)
Foreign | 452 | 263 | 6
Total Current | 2,967 | 1,657 | 502
Deferred |  |  | 
Federal | 2,622 | (8,821) | 3,837
State | (23) | (2,643) | (1,368)
Foreign | — | (18) | 19
Total Deferred | 2,599 | (11,482) | 2,488
Total | $5,566 | $ (9,825) | $2,990


Question: What was the percentage change in the total income tax expense between 2017 and 2019?
Answer: 86.15
Calculation: (5,566-2,990)/2,990
(d) Share-Based Awards Available for Grant
A summary of share-based awards available for grant is as follows (in millions):
For each share awarded as restricted stock or a restricted stock unit award under the 2005 Plan, 1.5 shares was deducted from the available share-based award balance. For restricted stock units that were awarded with vesting contingent upon the achievement of future financial performance or market-based metrics, the maximum awards that can be achieved upon full vesting of such awards were reflected in the preceding table.
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Balance at beginning of fiscal year | 245 | 272 | 242
Restricted stock, stock units, and other share-based awards granted | (67) | (70) | (76)
Share-based awards canceled/forfeited/expired | 18 | 18 | 78
Shares withheld for taxes and not issued | 23 | 25 | 28
Other | 1 | — | —
Balance at end of fiscal year | 220 | 245 | 272


Question: What are the units used in the table?
Answer: millions
schlumberger limited and subsidiaries shares of common stock issued in treasury shares outstanding ( stated in millions ) .

Table:
 | issued | in treasury | shares outstanding
balance january 1 2008 | 1334 | -138 ( 138 ) | 1196
shares sold to optionees less shares exchanged | 2013 | 5 | 5
shares issued under employee stock purchase plan | 2013 | 2 | 2
stock repurchase program | 2013 | -21 ( 21 ) | -21 ( 21 )
issued on conversions of debentures | 2013 | 12 | 12
balance december 31 2008 | 1334 | -140 ( 140 ) | 1194
shares sold to optionees less shares exchanged | 2013 | 4 | 4
vesting of restricted stock | 2013 | 1 | 1
shares issued under employee stock purchase plan | 2013 | 4 | 4
stock repurchase program | 2013 | -8 ( 8 ) | -8 ( 8 )
balance december 31 2009 | 1334 | -139 ( 139 ) | 1195
acquisition of smith international inc . | 100 | 76 | 176
shares sold to optionees less shares exchanged | 2013 | 6 | 6
shares issued under employee stock purchase plan | 2013 | 3 | 3
stock repurchase program | 2013 | -27 ( 27 ) | -27 ( 27 )
issued on conversions of debentures | 2013 | 8 | 8
balance december 31 2010 | 1434 | -73 ( 73 ) | 1361
see the notes to consolidated financial statements part ii , item 8 .

Question: what was the average beginning and ending balance of shares in millions outstanding during 2009?
Answer: 1194.5
Calculation: add(1194, 1195), divide(#0, const_2)