hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Free Cash Flow. Free cash flow represents net cash provided by operating activities minus capital expenditures and capitalized software development costs. Free cash flow is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans.
The exclusion of capital expenditures and amounts capitalized for internally-developed software facilitates comparisons of our operating performance on a period-to-period basis and excludes items that we do not consider to be indicative of our core operating performance. Free cash flow is not a measure calculated in accordance with GAAP. We believe that free cash flow provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors.
Nevertheless, our use of free cash flow has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. You should consider free cash flow alongside our other GAAP-based financial performance measures, net cash provided by operating activities, and our other GAAP financial results. The following table presents a reconciliation of free cash flow to net cash for operating activities, the most directly comparable GAAP measure, for each of the periods indicated (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Net cash provided by operating activities | $10,317 | $3,295 | $4,863
Capital expenditures | (5,269) | (1,721) | (1,667)
Capitalized software development costs | (7,819) | (8,499) | (6,160)
Free cash flow | $(2,771) | $(6,925) | $(2,964)


Question: In which year was Net cash provided by operating activities less than 5,000 thousands?
Answer: 2018, 2017
Calculation: locate and analyze Net cash provided by operating activities in row 3
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
10. OTHER NON-CURRENT LIABILITIES
Other non-current liabilities consisted of the following:
The reduction in Deferred rent liability is a result of the Company’s adoption of the new lease accounting standard.
Table:
 | As of | 
 | December 31, 2019 | December 31, 2018
Deferred rent liability | $— | $506.7
Unearned revenue | 525.9 | 504.6
Other miscellaneous liabilities | 411.1 | 253.8
Other non-current liabilities | $937.0 | $1,265.1


Question: What was the percentage change between other non-current liabilities between 2018 and 2019?
Answer: -25.93
Calculation: ($937.0-$1,265.1)/$1,265.1
fidelity national information services , inc . and subsidiaries notes to consolidated financial statements - ( continued ) the following summarizes the aggregate maturities of our debt and capital leases on stated contractual maturities , excluding unamortized non-cash bond premiums and discounts net of $ 30 million as of december 31 , 2017 ( in millions ) : .

Table:
 | total
2018 | $ 1045
2019 | 44
2020 | 1157
2021 | 1546
2022 | 705
thereafter | 4349
total principal payments | 8846
debt issuance costs net of accumulated amortization | -53 ( 53 )
total long-term debt | $ 8793
there are no mandatory principal payments on the revolving loan and any balance outstanding on the revolving loan will be due and payable at its scheduled maturity date , which occurs at august 10 , 2021 .
fis may redeem the 2018 notes , 2020 notes , 2021 notes , 2021 euro notes , 2022 notes , 2022 gbp notes , 2023 notes , 2024 notes , 2024 euro notes , 2025 notes , 2026 notes , and 2046 notes at its option in whole or in part , at any time and from time to time , at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount to be redeemed and a make-whole amount calculated as described in the related indenture in each case plus accrued and unpaid interest to , but excluding , the date of redemption , provided no make-whole amount will be paid for redemptions of the 2020 notes , the 2021 notes , the 2021 euro notes and the 2022 gbp notes during the one month prior to their maturity , the 2022 notes during the two months prior to their maturity , the 2023 notes , the 2024 notes , the 2024 euro notes , the 2025 notes , and the 2026 notes during the three months prior to their maturity , and the 2046 notes during the six months prior to their maturity .
debt issuance costs of $ 53 million , net of accumulated amortization , remain capitalized as of december 31 , 2017 , related to all of the above outstanding debt .
we monitor the financial stability of our counterparties on an ongoing basis .
the lender commitments under the undrawn portions of the revolving loan are comprised of a diversified set of financial institutions , both domestic and international .
the failure of any single lender to perform its obligations under the revolving loan would not adversely impact our ability to fund operations .
the fair value of the company 2019s long-term debt is estimated to be approximately $ 156 million higher than the carrying value as of december 31 , 2017 .
this estimate is based on quoted prices of our senior notes and trades of our other debt in close proximity to december 31 , 2017 , which are considered level 2-type measurements .
this estimate is subjective in nature and involves uncertainties and significant judgment in the interpretation of current market data .
therefore , the values presented are not necessarily indicative of amounts the company could realize or settle currently. .

Question: what portion of the total long-term debt is reported in the current liabilities section of the balance sheet as of december 31 , 2017?
Answer: 11.9%
Calculation: divide(1045, 8793)
Principal Accountant Fees and Services
We regularly review the services and fees from our independent registered public accounting firm, KPMG. These services and fees are also reviewed with the Audit Committee annually. In accordance with standard policy, KPMG periodically rotates the individuals who are responsible for our audit. Our Audit Committee has determined that the providing of certain non-audit services, as described below, is compatible with maintaining the independence of KPMG.
In addition to performing the audit of our consolidated financial statements, KPMG provided various other services during fiscal years 2019 and 2018. Our Audit Committee has determined that KPMG’s provisioning of these services, which are described below, does not impair KPMG’s independence from NortonLifeLock. The aggregate fees billed for fiscal years 2019 and 2018 for each of the following categories of services are as follows:
The categories in the above table have the definitions assigned under Item 9 of Schedule 14A promulgated under the Exchange Act, and these categories include in particular the following components:
(1) ‘‘Audit fees’’ include fees for audit services principally related to the year-end examination and the quarterly reviews of our consolidated financial statements, consultation on matters that arise during a review or audit, review of SEC filings, audit services performed in connection with our acquisitions and divestitures and statutory audit fees.
(2) ‘‘Audit related fees’’ include fees which are for assurance and related services other than those included in Audit fees.
(3) ‘‘Tax fees’’ include fees for tax compliance and advice.
(4) ‘‘All other fees’’ include fees for all other non-audit services, principally for services in relation to certain information technology audits.
An accounting firm other than KPMG performs supplemental internal audit services for NortonLifeLock. Another accounting firm provides the majority of NortonLifeLock’s outside tax services..
Table:
Fees Billed to NortonLifeLock | FY19 | FY18
Audit fees(1) | $12,464,329 | $11,370,525
Audit related fees(2) | 1,142,383 | 753,689
Tax fees(3) | 161,685 | 469,449
All other fees(4) | 0 | 311,000
Total fees | $13,768,398 | $12,904,663


Question: What is the difference in total fees for FY19 comapred to FY18?
Answer: 863735
Calculation: 13,768,398-12,904,663
Performance
Free Cash Flow was £54.9m in FY19 compared to £92.4m in FY18, the decrease primarily reflecting the impact of US cash flows. This represents a conversion rate of 36% of Adjusted EBITDA (FY18: 45%). Excluding the US cash flows, Free Cash Flow Conversion increased to 47% from 33% in FY18, driven by improved EBITDA, lower working capital outflows, lower interest costs and lower exceptional cashflows.
Several other factors had a specific impact on cash flow during FY19. These included the effects of the disposal of the US business and associated capital restructuring, as well as the timing of dividend payments.
Net Debt decreased to £288.5m from £501.1m at the end of FY18. The Group’s Net Debt:EBITDA leverage as measured under financing agreements was 1.8x at year end. This compared to 1.9x at the end of March 2019 and 2.3x at the end of September 2018. This outturn includes the increased debt associated with the Freshtime acquisition completed in early September 2019. As at 27 September 2019, the Group had committed facilities of £506m with a weighted average maturity of 4.0 years.
ROIC was 14.4% for the 12 months ended 27 September 2019, compared to 15.6% for the 12 months ended 28 September 2018. The reduction was primarily driven by increased investment, in particular the timing of the acquisition of Freshtime and was so impacted by an increased tax rate.
Table:
 | FY19 £m | FY18 £m | Change (As reported)
Free Cash Flow | 54.9 | 92.4 | -£37.5m
Net Debt | 288.5 | 501.1 | 
Net Debt:EBITDA as per financing agreements | 1.8x | 2.3x | 
ROIC | 14.4% | 15.6% | -120bps


Question: What is the change in the net debt:EBITDA as per financing agreements from FY18 to FY19?
Answer: -0.5
Calculation: 1.8 - 2.3
Changes in Estimates on Contracts
Changes in estimates related to contracts accounted for using the cost-to-cost method of accounting are recognized in the period in which such changes are made for the inception-to-date effect of the changes, with the exception of contracts acquired through a business combination, where the adjustment is made for the period commencing from the date of acquisition.
Changes in estimates on contracts for the periods presented were as follows:
The impact on diluted EPS attributable to Leidos common stockholders is calculated using the Company's statutory tax rate.
Table:
 |  | Year Ended | 
 | January 3, 2020 | December 28, 2018 | December 29, 2017
 |  | (in millions, except for per share amounts) | 
Favorable impact | $95 | $167 | $185
Unfavorable impact | (52) | (62) | (82)
Net favorable impact to income before income taxes | $43 | $105 | $103
Impact on diluted EPS attributable to Leidos common stockholders | $0.23 | $0.52 | $0.41


Question: What is the change in the Net favorable impact to income before income taxes from 2018 to 2017?
Answer: 2
Calculation: 105 - 103
CASH FLOW ANALYSIS
(1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections. (2) For further details on the Corporation's cash flow attributable to discontinued operations, please consult the "Discontinued operations" section.
OPERATING ACTIVITIES Fiscal 2019 fourth-quarter cash flow from operating activities increased by 19.3% compared to the same period of the prior year mainly from: • higher adjusted EBITDA; • the decreases in income taxes paid and financial expense paid; and • the increase in changes in non-cash operating activities primarily due to changes in working capital.
INVESTING ACTIVITIES Fiscal 2019 fourth-quarter investing activities decreased by 25.8% compared to the same period of the prior year mainly due to the acquisition of spectrum licenses in the Canadian broadband services segment in the comparable period of the prior year combined with a decrease in acquisitions of property, plant and equipment.
Table:
Three months ended August 31, | 2019 | 2018 (1) | Change
(in thousands of dollars, except percentages) | $ | $ | %
Cash flow from operating activities | 304,702 | 255,438 | 19.3
Cash flow from investing activities | (144,332) | (194,474) | (25.8)
Cash flow from financing activities | (50,198) | (52,127) | (3.7)
Effect of exchange rate changes on cash and cash equivalents denominated in a foreign currency | (1,405) | (63) | —
Net change in cash and cash equivalents from continuing operations | 108,767 | 8,774 | —
Net change in cash and cash equivalent from discontinued operations(2) | — | 13,133 | (100.0)
Cash and cash equivalents, beginning of the period | 447,737 | 62,818 | —
Cash and cash equivalents, end of the period | 556,504 | 84,725 | —


Question: What was the decrease in the investing activities in 2019?
Answer: 25.8%
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data is not necessarily indicative of results of future operations, and should be read in conjunction with Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations,” and the consolidated financial statements and related notes thereto included in Item 8 of this Form 10-K to fully understand factors that may affect the comparability of the information presented below.
The financial data for the fiscal years ended January 31, 2019 and 2018 are derived from, and are qualified by reference to, the audited consolidated financial statements that are included in this Form 10-K. The Consolidated Statements of Operations and the Consolidated Statements of Cash Flows data for the fiscal year ended January 31, 2017 are derived from, and are qualified by reference to, the audited consolidated financial statements that are included in this Form 10-K. The Consolidated Balance Sheet data for the fiscal year ended January 31, 2017 and the remaining financial data for the fiscal years ended January 31, 2016 and 2015 are derived from audited, consolidated financial statements which are not included in this Form 10-K.
(1) Reflects the impact of the adoption of new accounting standards in fiscal year 2019 related to revenue recognition. See Part II, Item 8, Note 1, Business and Summary of Significant Accounting Policies, Accounting Standards Adopted, of our consolidated financial statements for additional information.
Table:
 |  |  | Fiscal Year Ended January 31, |  | 
 | 2019 (1) | 2018 | 2017 | 2016 | 2015
 | (In millions, except per share data) |  |  |  | 
For the fiscal year: |  |  |  |  | 
Net revenue | $2,569.8 | $2,056.6 | $2,031.0 | $2,504.1 | $2,512.2
(Loss) income from operations | (25.0) | (509.1) | (499.6) | 1.3 | 120.7
Net (loss) income | (80.8) | (566.9) | (582.1) | (330.5) | 81.8
Cash flow from operations | $377.1 | $0.9 | $169.7 | $414.0 | $708.6
Common stock data: |  |  |  |  | 
Basic net (loss) income per share | $(0.37) | $(2.58) | $(2.61) | $(1.46) | $0.36
Diluted net (loss) income per share | $(0.37) | $(2.58) | $(2.61) | $(1.46) | $0.35
At year end: |  |  |  |  | 
Total assets | $4,729.2 | $4,113.6 | $4,798.1 | $5,515.3 | $4,909.7
Long-term liabilities | 2,638.9 | 2,246.4 | 1,879.1 | 2,304.7 | 1,290.4
Stockholders’ (deficit) equity | $(210.9) | $(256.0) | $733.6 | $1,619.6 | $2,219.2


Question: What is the average net income from 2015 to 2019?
Answer: -295.7
Calculation: $(-80.8-566.9-582.1-330.5+81.8)/5
2. Fixed assets
Accounting policies
Shares in Group undertakings are stated at cost less any provision for impairment and capital related to share-based payments. Contributions in respect of share-based payments are recognised in line with the policy set out in note 7 “Share-based payments”.
The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If any such indication of impairment exists, the Company makes an estimate of the recoverable amount. If the recoverable amount of the cash-generating unit is less than the value of the investment, the investment is considered to be impaired and is written down to its recoverable amount. An impairment loss is recognised immediately in the income statement.
Shares in Group undertakings
Table:
 | 2019 | 2018
 | €m | €m
Cost: |  | 
1 April | 91,905 | 91,902
Capital contributions arising from share-based payments | 137 | 130
Contributions received in relation to share-based payments | (92) | (127)
31 March | 91,950 | 91,905
Amounts provided for: |  | 
1 April | 8,177 | 7,911
Impairment losses | – | 266
31 March | 8,177 | 8,177
Net book value: |  | 
31 March | 83,773 | 83,728


Question: What is the net book value as of 31 March in 2019?
Answer: 83,773
(a) Description of segments and principal activities (continued)                                                                                                                   The chief operating decision-makers assess the performance of the operating segments mainly based on segment revenue and gross profit of each operating segment. The selling and marketing expenses and general and administrative expenses are common costs incurred for these operating segments as a whole and therefore, they are not included in the measure of the segments’ performance which is used by the chief operating decisionmakers as a basis for the purpose of resource allocation and assessment of segment performance. Interest income, other gains/(losses), net, finance income/(costs), net, share of profit/(loss) of associates and joint ventures and income tax expense are also not allocated to individual operating segment.
There were no material inter-segment sales during the years ended 31 December 2019 and 2018. The revenues from external customers reported to the chief operating decision-makers are measured in a manner consistent with that applied in the consolidated income statement.
Other information, together with the segment information, provided to the chief operating decision-makers, is measured in a manner consistent with that applied in these consolidated financial statements. There were no segment assets and segment liabilities information provided to the chief operating decision-makers.
The segment information provided to the chief operating decision-makers for the reportable segments for the years ended 31 December 2019 and 2018 is as follows:
Table:
 | VAS | FinTech and Business Services | Online Advertising | Others | Total
 | RMB’Million | RMB’Million | RMB’Million | RMB’Million | RMB’Million
Segment revenues | 199,991 | 101,355 | 68,377 | 7,566 | 377,289
Gross profit | 105,905 | 27,524 | 33,517 | 587 | 167,533
Depreciation | 3,461 | 6,669 | 2,065 | 108 | 12,303
Amortisation | 14,710 | – | 9,977 | 3,115 | 27,802


Question: How many percent of total amortisation was the VAS amortisation?
Answer: 52.91
Calculation: 14,710/27,802
Export sales from the U.S. during the years ended December 31, 2019, 2018 and 2017 were $531.8, $578.0 and $512.5, respectively. In the year ended December 31, 2019, these exports were shipped primarily to Asia (33%), Europe (24%), Canada (18%), Middle East (13%) and other (12%).
Sales to customers outside the U.S. accounted for a significant portion of Roper’s revenues. Sales are attributed to geographic areas based upon the location where the product is ultimately shipped. Roper’s net revenues for the years ended December 31, 2019, 2018 and 2017 are shown below by region, except for Canada, which is presented separately as it is the only country in which Roper has had greater than 4% of total revenues for any of the three years presented:
Table:
 | Application Software | Network Software & Systems | Measurement & Analytical MeasurementSolutions | Process Technologies | Total
2019 |  |  |  |  | 
Canada | $   41.0 | $   71.1 | $   81.4 | $   28.9 | $ 222.4
Europe | 188.8 | 36.7 | 307.2 | 113.8 | 646.5
Asia | 3.5 | 18.8 | 185.0 | 108.0 | 315.3
Middle East | 8.6 | 37.5 | 13.1 | 44.4 | 103.6
Rest of the world | 25.8 | 9.5 | 45.3 | 55.2 | 135.8
Total | $ 267.7 | $ 173.6 | $ 632.0 | $ 350.3 | $ 1,423.6
2018 |  |  |  |  | 
Canada | $   38.5 | $   58.5 | $   79.3 | $   35.0 | $    211.3
Europe | 188.6 | 12.2 | 361.7 | 117.5 | 680.0
Asia | 3.2 | 11.0 | 220.3 | 115.4 | 349.9
Middle East | 4.7 | 48.6 | 14.4 | 34.4 | 102.1
Rest of the world | 29.5 | 7.8 | 42.5 | 55.0 | 134.8
Total | $  264.5 | $  138.1 | $  718.2 | $  357.3 | $  1,478.1
2017 |  |  |  |  | 
Canada | $   26.6 | $   52.9 | $   72.9 | $   34.7 | $    187.1
Europe | 176.5 | 11.0 | 310.6 | 98.1 | 596.2
Asia | 2.4 | 7.3 | 205.9 | 109.8 | 325.4
Middle East | 4.8 | 58.8 | 13.4 | 35.5 | 112.5
Rest of the world | 23.2 | 6.1 | 42.0 | 48.7 | 120.0
Total | $  233.5 | $  136.1 | $  644.8 | $  326.8 | $  1,341.2


Question: What is the total net revenue from Canada in 2019?
Answer: $ 222.4
Note 12 – Income Taxes
Income tax expense for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017 differed from amounts computed using the statutory federal income tax rate due to the following reasons:
Table:
 | December 27, 2019  | December 28, 2018  | December 29, 2017
Statutory U.S. Federal tax | $6,805 | $5,847 | $6,443
Differences due to: |  |  | 
State and local taxes, net of federal benefit  | 2,078 | 1,906 | 1,112
Change in valuation allowance  | 95 | 523 | 289
Impact of the Tax Act  | — | — | (3,573)
Stock compensation  | (676) | (197) | 162
Other  | (92) | (637) | (391)
Income tax expense | $8,210 | $7,442 | $4,042


Question: What is the average Statutory U.S. Federal tax from 2017-2019?
Answer: 6365
Calculation: (6,805+ 5,847+ 6,443)/3
19. Cash and cash equivalents
The majority of the Group’s cash is held in bank deposits or money market funds which have a maturity of three months or less to enable us to meet our short-term liquidity requirements.
Accounting policies
Cash and cash equivalents comprise cash in hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Assets in money market funds, whose contractual cash flows do not represent solely payments of interest and principal, are measured at fair value with gains and losses arising from changes in fair value included in net profit or loss for the period. All other cash and cash equivalents are measured at amortised cost.
Note: 1 Items are measured at fair value and the valuation basis is level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets.
The carrying amount of balances at amortised cost approximates their fair value.
Cash and cash equivalents of €1,381 million (2018: €1,449 million) are held in countries with restrictions on remittances but where the balances could be used to repay subsidiaries’ third party liabilities.
Table:
 | 2019 | 2018
 | €m | €m
Cash at bank and in hand | 2,434 | 2,197
Repurchase agreements and bank deposits | 2,196 | –
Money market funds1 | 9,007 | 2,477
Cash and cash equivalents as presented in the statement of financial position | 13,637 | 4,674
Bank overdrafts | (32) | (7)
Cash and cash equivalents of discontinued operations | – | 727
Cash and cash equivalents as presented in the statement of cash flows | 13,605 | 5,394


Question: What is the average cash and cash equivalents presented in the statement of cash flows?
Answer: 9499.5
Calculation: (13,605+5,394)/2