hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers (amounts in thousands):
Contract assets, reported within current assets and other long-term assets in the consolidated balance sheets, primarily result from revenue being recognized when a license is delivered and payments are made over time. Contract liabilities primarily relate to advance consideration received from customers, deferred revenue, for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $4.4 million of revenue during the year ended September 30, 2019 that was included in the contract liability balance at the beginning of the period.
Table:
 | September 30, 2019 | October 1, 2018
Contract assets, current | $2,350 | $169
Contract assets, non-current | 581 | 507
Contract liabilities, current | 5,612 | 4,281
Contract liabilities, non-current | 736 | 485


Question: How are contract balances being reported?
Answer: in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period
synopsys , inc . notes to consolidated financial statements 2014continued acquisition of magma design automation , inc . ( magma ) on february 22 , 2012 , the company acquired all outstanding shares of magma , a chip design software provider , at a per-share price of $ 7.35 . additionally , the company assumed unvested restricted stock units ( rsus ) and stock options , collectively called 201cequity awards . 201d the aggregate purchase price was approximately $ 550.2 million . this acquisition enables the company to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools . as of october 31 , 2012 , the total purchase consideration and the preliminary purchase price allocation were as follows: .

Table:
 | ( in thousands )
cash paid | $ 543437
fair value of assumed equity awards allocated to purchase consideration | 6797
total purchase consideration | $ 550234
goodwill | 316263
identifiable intangibles assets acquired | 184300
cash and other assets acquired | 116265
debt and liabilities assumed | -66594 ( 66594 )
total purchase allocation | $ 550234
goodwill of $ 316.3 million , which is not deductible for tax purposes , primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of magma 2019s technology and operations with the company 2019s technology and operations .
identifiable intangible assets , consisting primarily of technology , customer relationships , backlog and trademarks , were valued using the income method , and are being amortized over three to ten years .
acquisition-related costs directly attributable to the business combination totaling $ 33.5 million for fiscal 2012 were expensed as incurred in the consolidated statements of operations and consist primarily of employee separation costs , contract terminations , professional services , and facilities closure costs .
fair value of equity awards assumed .
the company assumed unvested restricted stock units ( rsus ) and stock options with a fair value of $ 22.2 million .
the black-scholes option-pricing model was used to determine the fair value of these stock options , whereas the fair value of the rsus was based on the market price on the grant date of the instruments .
the black-scholes option-pricing model incorporates various subjective assumptions including expected volatility , expected term and risk-free interest rates .
the expected volatility was estimated by a combination of implied and historical stock price volatility of the options .
of the total fair value of the equity awards assumed , $ 6.8 million was allocated to the purchase consideration and $ 15.4 million was allocated to future services to be expensed over their remaining service periods on a straight-line basis .
supplemental pro forma information ( unaudited ) .
the financial information in the table below summarizes the combined results of operations of the company and magma , on a pro forma basis , as though the companies had been combined as of the beginning of fiscal 2011. .

Question: what percentage of total purchase allocation was goodwill?
Answer: 57%
Calculation: divide(316263, 550234)
Cash Flows
The following table sets forth summary cash flow data for the periods indicated (in thousands).
Cash Flow from Operating Activities
Net cash flows provided by operating activities for the year ended December 31, 2019, were $137.6 million as compared to $183.9 million during the same period in 2018. Net cash provided by operating activities primarily consists of net income adjusted to add back depreciation, amortization, and stock-based compensation. Cash flows provided by operating activities were $46.3 million lower for the year ended December 31, 2019, compared to the same period in 2018, due to the timing of working capital. Our current policy is to use our operating cash flow primarily for funding capital expenditures, lease payments, stock repurchases, and acquisitions.
Cash Flow from Investing Activities
During the year ended December 31, 2019, we paid $753.9 million, net of $0.1 million in cash acquired, to acquire Speedpay. We also used cash of $18.5 million to invest in a payment technology and services company in India and $7.0 million to acquire the technology assets of RevChip, LLC and TranSend Integrated Technologies Inc. In addition, we used cash of $48.0 million to purchase software, property and equipment, as compared to $43.9 million during the same period in 2018.
Cash Flow from Financing Activities
Net cash flows provided by financing activities for the year ended December 31, 2019, were $667.2 million, as compared to net cash flows used by financing activities of $57.7 million during the same period in 2018. During 2019, we received proceeds of $500.0 million from our Delayed Draw Term Loan and $280.0 million from our Revolving Credit Facility to fund our purchase of Speedpay and stock repurchases, and we repaid $28.9 million on the Initial Term Loan and $41.0 million on the Revolving Credit Facility. In addition, we received proceeds of $16.6 million from the exercise of stock options and the issuance of common stock under our 2017 Employee Stock Purchase Plan, as amended, and used $4.0 million for the repurchase of stock-based compensation awards for tax withholdings. During 2019, we also used $35.6 million to repurchase common stock. During 2018, we received proceeds of $400.0 million from the issuance of the 2026 Notes. We used $300.0 million of the proceeds to redeem, in full, our outstanding 6.375% Senior Notes due 2020 and repaid $109.3 million on the Initial Term Loan. In addition, during 2018, we received proceeds of $22.8 million from the exercise of stock options and the issuance of common stock under our 2017 Employee Stock Purchase Plan, as amended, and used $2.6 million for the repurchase of restricted share awards ("RSAs") for tax withholdings. During 2018, we also used $54.5 million to repurchase common stock.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net cash provided by (used in): |  | 
Operating activities | $137,649 | $183,932
Investing activities | -830,481 | -45,360
Financing activities | 667,223 | -57,704


Question: What was the net cash from operating activities in 2018?
Answer: $183,932
Product warranty liabilities:
Equipment and software systems sales include a standard product warranty. The following tables summarize the activity related to product warranty liabilities and their balances as reported in our consolidated balance sheets (in millions):
Table:
 | Year Ended | 
 | April 26, 2019 | April 27, 2018
Balance at beginning of period | $ 40 | $ 50
Expense accrued during the period | 22 | 16
Warranty costs incurred | (22) | (26)
Balance at end of period | $ 40 | $ 40
Total warranty liabilities | $ 40 | $  40


Question: How many years did the balance at beginning of period exceed $45 million?
Answer: 1
Calculation: 2018
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
As of April 26, 2019, we had $296 million of gross unrecognized tax benefits, of which $252 million has been recorded in other long-term liabilities. Unrecognized tax benefits of $246 million, including penalties, interest and indirect benefits, would affect our provision for income taxes if recognized. As a result of U.S. tax reform, we recorded provisional gross unrecognized tax benefits of $114 million during fiscal 2018.
We recognized a benefit for adjustments to accrued interest and penalties related to unrecognized tax benefits in the income tax provision of approximately $4 million in fiscal 2019 and expense of $5 million in each of fiscal 2018 and 2017. Accrued interest and penalties of $18 million and $22 million were recorded in the consolidated balance sheets as of April 26, 2019 and April 27, 2018, respectively.
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Balance at beginning of period | $ 348 | $ 218 | $ 216
Additions based on tax positions related to the current year | 11 | 131 | 7
Additions for tax positions of prior years | 26 | — | 7
Decreases for tax positions of prior years | (35 ) | (1 ) | —
Settlements | (54 ) | — | (12 )
Balance at end of period | $ 296 | $ 348 | $ 218


Question: Which years does the table provide information for the reconciliation of the beginning and ending amount of unrecognized tax benefits?
Answer: 2019, 2018, 2017
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 13 — Derivatives
The effect of derivative instruments on the Consolidated Statements of Earnings is as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Foreign Exchange Contracts: |  |  | 
Amounts reclassified from AOCI to earnings: |  |  | 
Net sales | $— | $383 | $(488)
Cost of goods sold | 860 | (6) | 497
Selling, general and administrative | 92 | 107 | 45
Total amounts reclassified from AOCI to earnings | 952 | 484 | 54
Loss recognized in other expense for hedge ineffectiveness | — | — | (1)
Loss recognized in other expense for derivatives not designated as cash flow hedges | — | — | (15)
Total derivative gain on foreign exchange contracts recognized in earnings | $952 | $484 | $38
Interest Rate Swaps: |  |  | 
Benefit recorded in interest expense | $491 | $421 | $37
Total gain | $1,443 | $905 | $75


Question: What was the change in the Net sales between 2017 and 2018?
Answer: 871
Calculation: 383-(-488)
8. Deferred Revenue
Deferred revenue consisted of the following:
Table:
 | December 31, | 
 | 2019 | 2018
Current: |  | 
Domains | $752.7 | $686.3
Hosting and presence | 526.7 | 483.3
Business applications | 265.0 | 224.1
 | $1,544.4 | $1,393.7
Noncurrent: |  | 
Domains | $382.2 | $365.8
Hosting and presence | 187.2 | 180.6
Business applications | 85.0 | 77.4
 | $ 654.4 | $623.8


Question: What is the average total current deferred revenue for 2018 and 2019?
Answer: 1469.05
Calculation: (1,544.4+1,393.7)/2
8.1 CAPITAL STRUCTURE
The table below summarizes debt-related financial ratios over the last two fiscal years and the fiscal 2020 guidelines:
(1) Based on mid-range guidelines. (2) Excludes amortization of deferred transaction costs and commitment fees but includes the impact of interest rate swaps. Potential variations in the US LIBOR rates in fiscal 2020 have not been considered. (3) Taking into consideration the interest rate swaps in effect at the end of each fiscal year. (4) Net indebtedness is defined as the aggregate of bank indebtedness, balance due on business combinations and principal on long-term debt, less cash and cash equivalents. (5) Adjusted EBITDA and financial expense for fiscal year 2018 include only eight months of MetroCast operations. (6) Specific guidance on interest coverage cannot be provided given that financial expense guidance is not provided.
In fiscal 2019, the financial leverage ratio relating to net indebtedness over adjusted EBITDA has declined as a result of the sale of Cogeco Peer 1 on April 30, 2019 for a net cash consideration of $720 million and to a lesser extent growing adjusted EBITDA and a reduction in net indebtedness from generated free cash flow. In fiscal 2020, prior to the adoption of IFRS 16 Leases, the financial leverage ratio relating to net indebtedness over adjusted EBITDA should continue to decline as a result of growing adjusted EBITDA and a projected reduction in net indebtedness from generated free cash flow.
Table:
Years ended August 31, | 2020 Guidelines(1) | 2019 | 2018
Average cost of indebtedness(2) | 4.4% | 4.4% | 4.4%
Fixed rate indebtedness(3) | 78% | 78% | 72%
Average term: long-term debt (in years) | 3.9 | 4.9 | 5.7
Net indebtedness(4) / adjusted EBITDA(5) | 2.3 | 2.6 | 3.8
Adjusted EBITDA / financial expense(5) | N/A (6) | 6.3 | 5.4


Question: What was the increase / (decrease) in the Average term: long-term debt (in years) from 2018 to 2019?
Answer: -0.8
Calculation: 4.9 - 5.7
Net Settlement of Equity Awards
The majority of restricted stock units are subject to vesting. The underlying shares of common stock are issued when the restricted stock units vest. The majority of participants choose to participate in a broker-assisted automatic sales program to satisfy their applicable tax withholding requirements. We do not treat the shares sold pursuant to this automatic sales program as common stock repurchases.
In the fourth quarter of 2019, we withheld 83,327 shares through net settlements (where the award holder receives the net of the shares vested, after surrendering a portion of the shares back to the Company for tax withholding) for restricted stock units that vested for some of our executive officers.
The following table provides a summary of the Company’s repurchase of common stock under the Repurchase Program and shares surrendered back to the Company for tax withholding on restricted stock units that vested under our equity incentive programs in the three months ended December 31, 2019:
Table:
Period | Total Number of Shares Repurchased | Average Price Paid per Share | Total Number of Shares Purchased as part of a Publicly Announced Program | Maximum Dollar Value of shares that may yet be purchased under the Repurchase Program
October 1, 2019 through October 31, 2019 | - | - | - - | $12,544,543
November 1, 2019 through November 30, 2019 | 274,681 | $4.82 | 191,354 | $11,620,641
December 1, 2019 through December 31, 2019 | 374,490 | $4.70 | 374,490 | $9,859,153
Total shares repurchased | 649,171 | $4.75 | 565,844 | $9,859,153


Question: What is the percentage change in total Number of Shares Purchased as part of a Publicly Announced Program from November to December 2019?
Answer: 0.96
Calculation: (374,490-191,354)/191,354
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)
Cash flows
We prepare our Consolidated Statements of Cash Flows using the indirect method, under which we reconcile net income to cash flows provided by operating activities by adjusting net income for those items that impact net income, but may not result in actual cash receipts or payments during the period. The following table provides a summary of our operating, investing and financing cash flows for the periods indicated.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Net cash provided by operating activities | $153,327 | $256,426 | $160,394
Net cash used in investing activities | $(15,381) | $(6,581) | $(4,135)
Net cash used in financing activities | $(150,604) | $(145,184) | $(30,535)


Question: Which years does the table provide information for the company's cash flows?
Answer: 2019, 2018, 2017
European revenue decreased by 1.9%. Foreign exchange movements contributed a 0.8 percentage point negative impact and the deconsolidation of Vodafone Netherlands contributed a 4.1 percentage point negative impact, offset by 3.0% organic growth. Service revenue increased by 0.9%* or 0.6%* excluding a legal settlement in Germany in Q4, driven by strong fixed customer growth and the benefit of the Group’s “more-for-more” mobile propositions in several markets, which offset increased regulatory headwinds following the implementation of the EU’s “Roam Like At Home” policy in June and the impact of the introduction of handset financing in the UK. Excluding regulation and UK handset financing, as well as a legal settlement in Germany in Q4, service revenue growth was 2.0%* (Q3: 1.9%*, Q4: 1.7%*).
Adjusted EBITDA increased 7.3%, including a 5.1 percentage point negative impact from the deconsolidation of Vodafone Netherlands and a 0.6 percentage point negative impact from foreign exchange movements. On an organic basis, adjusted EBITDA increased 13.0%*, supported by the benefit of the introduction of handset financing in the UK, regulatory settlements in the UK and a legal settlement in Germany. Excluding these items, as well as the net impact of roaming, adjusted EBITDA grew by 7.9*, reflecting operating leverage and tight cost control through our “Fit for Growth” programme.
Adjusted EBIT increased by 86.3%*, reflecting strong adjusted EBITDA growth and stable depreciation and amortisation expenses.
Table:
 | Reported change | Other activity (including M&A) | Foreign exchange | Organic* change
 | % | pps | pps | %
Revenue – Europe | (1.9) | 4.1 | 0.8 | 3.0
Service revenue |  |  |  | 
Germany | 2.6 | – | – | 2.6
Italy | 1.0 | 0.2 | – | 1.2
UK | (8.1) | 0.1 | 4.5 | (3.5)
Spain | 1.8 | 0.3 | – | 2.1
Other Europe | (19.6) | 22.9 | (0.4) | 2.9
Europe | (3.9) | 4.0 | 0.8 | 0.9
Adjusted EBITDA |  |  |  | 
Germany | 10.9 | (0.1) | (0.1) | 10.7
Italy | 4.5 | 0.1 | – | 4.6
UK | 45.4 | (1.2) | 7. 6 | 51.8
Spain | 4.4 | 0.6 | – | 5.0
Other Europe | (18.8) | 26.8 | (0.3) | 7.7
Europe | 7.3 | 5.1 | 0.6 | 13.0
Europe adjusted operating profit | 53.2 | 34.8 | (1.7) | 86.3


Question: Between Germany and Italy, which has higher reported change in adjusted EBITDA?
Answer: Germany
Calculation: 10.9>4.5
The following is a summary of stock option activity during fiscal 2019:
Net income before income taxes included compensation expense related to the amortization of the Company’s stock option awards of $0.1 million during both fiscal 2019 and fiscal 2018. At September 2019, total unamortized compensation expense related to stock options was approximately $0.3 million. This unamortized compensation expense is expected to be amortized over approximately the next 38 months.
The aggregate intrinsic value of stock options exercisable was approximately $0.2 million and $0.3 million at September 2019 and September 2018, respectively.
The total intrinsic value of stock options exercised was $0.1 million in both fiscal 2019 and fiscal 2018. The total fair value of stock options vested was $0.4 million during both fiscal 2019 and fiscal 2018.
Table:
 | Number of Shares | Weighted Average Exercise Price
Outstanding at September 2018 | 33,800 | $  77.85
Granted | 5,450 | 84.00
Exercised | (2,800) | 79.22
Forfeited/Expired | — | —
Outstanding at September 2019 | 36,450 | $  78.67


Question: What is the percentage of shares granted as a percentage of the number of outstanding shares at 2018?
Answer: 16.12
Calculation: 5,450/33,800
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Details of the Company’s deferred tax assets and liabilities are as follows:
As of December 31, 2019, the Company had net operating loss carryforwards (“NOLs”) of $4.7 million, of which approximately $3.9 million have an indefinite life. NOLs of $0.8 million will begin to expire in 2030. As of December 31, 2019, the Company had federal and state tax credit carryforwards of $0.2 million and $0.5 million, respectively, which will begin to expire in 2028 and 2038. The Company believes as of December 31, 2019, it is more likely than not that the results of future operations will generate sufficient taxable income to realize the NOLs and tax credits and, as such, no valuation allowance was recorded.
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
Deferred tax assets: |  | 
Investment in partnership | $358,024 | $299,466
Net operating loss carryforwards and tax credits | 5,160 | 5,634
Other | 1,657 | 1,879
Total | 364,841 | 306,979
Valuation allowance | — | —
Total deferred tax assets | 364,841 | 306,979
Total deferred tax liabilities | — | —
Deferred tax assets, net | $364,841 | $306,979


Question: Which years does the table provide information for the Company’s deferred tax assets and liabilities?
Answer: 2019, 2018
Intangible assets
Intangible assets include the value assigned to completed technologies, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2019 and 2018 are summarized as follows(amounts shown in thousands, except for years):
Amortization expense related to acquired intangible assets was $7.0 million, $4.0 million, and $0.6 million for fiscal years ended September 30, 2019, 2018, and 2017, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.
Table:
September 30, 2019: | Weighted Average Amortization Period | Cost | Accumulated Amortization | Net
Completed technologies | 6.4 years | $20,341 | $7,104 | $13,237
Customer relationships | 4.8 years | 17,628 | 6,701 | 10,927
Trade names | 4.5 years | 618 | 377 | 241
Total intangible assets |  | $38,587 | $14,182 | $24,405


Question: What is the range of the estimated useful lives of the intangible assets?
Answer: two to seven years
1998 Employee Qualified Stock Purchase Plan (“ESPP”)
Under Autodesk’s ESPP, which was approved by stockholders in 1998, eligible employees may purchase shares of Autodesk’s common stock at their discretion using up to 15% of their eligible compensation, subject to certain limitations, at 85% of the lower of Autodesk's closing price (fair market value) on the offering date or the exercise date. The offering period for ESPP awards consists of four, six-month exercise periods within a 24-month offering period.
At January 31, 2019, a total of 8.1 million shares were available for future issuance. Under the ESPP, the Company issues shares on the first trading day following March 31 and September 30 of each fiscal year. The ESPP does not have an expiration date.
A summary of the ESPP activity for the fiscal years ended January 31, 2019, 2018 and 2017 is as follows:
Autodesk recorded $27.2 million, $25.7 million, and $25.9 million of compensation expense associated with the ESPP in fiscal 2019, 2018, and 2017, respectively.
Table:
 |  | Fiscal year ended January 31, | 
 | 2019 | 2018 | 2017
Issued shares | 1.0 | 2.0 | 2.3
Average price of issued shares | $90.25 | $39.03 | $36.99
Weighted average grant date fair value of awards granted under the ESPP | $42.75 | $32.41 | $19.20


Question: What is the offering period for ESPP awards?
Answer: The offering period for ESPP awards consists of four, six-month exercise periods within a 24-month offering period.