hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Segment Financial Results
Revenues
The following table sets forth revenues by segment for the periods presented (in millions):
(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.
Software Solutions
Revenues were $962.0 million in 2018 compared to $904.5 million in 2017, an increase of $57.5 million, or 6%. Our servicing software solutions revenues increased 7%, or $52.5 million, primarily driven by loan growth on MSP® from new and existing  clients. Our origination software solutions revenues increased 3%, or $5.0 million, primarily driven by growth in our loan origination system solutions and a software license fee in our Lending Solutions business, partially offset by the effect of lower volumes on our Exchange and eLending platforms primarily as a result of the 26% decline in refinancing originations as reported by the Mortgage Bankers Association.
Data and Analytics
Revenues were $154.5 million in 2018 compared to $151.6 million in 2017, an increase of $2.9 million, or 2%. The increase was primarily driven by growth in our property data and multiple listing service businesses, partially offset by upfront revenues from long-term strategic license deals in 2017.
Table:
 | Year ended December 31 |  | Variance | 
 | 2018 | 2017 | $ | %
Software Solutions | $962.0 | $904.5 | $57.5 | 6%
Data and Analytics | 154.5 | 151.6 | 2.9 | 2%
Corporate and Other(1) | (2.5) | (4.5) | 2.0 | NM
Total | $1,114.0 | $1,051.6 | $62.4 | 6%


Question: What was the average revenue from Corporate and Other between 2017 and 2018?
Answer: -3.5
Calculation: (-2.5+(-4.5))/2
Free Cash Flow. We define free cash flow ("FCF"), a non-GAAP financial measure, as cash flow provided by operations less capital expenditures. FCF was$ 24.7 million for fiscal 2019 compared to $4.0 million for fiscal 2018, an increase of $20.7 million.
Non-GAAP financial measures, including FCF, are used for internal management assessments because such measures provide additional insight to investors into ongoing financial performance. In particular, we provide FCF because we believe it offers insight into the metrics that are driving management decisions. We view FCF as an important financial metric as it demonstrates our ability to generate cash and can allow us to pursue opportunities that enhance shareholder value. FCF is a non-GAAP financial measure that should be considered in addition to, not as a substitute for, measures of our financial performance prepared in accordance with GAAP.
A reconciliation of FCF to our financial statements that were prepared using GAAP follows (in millions):
Table:
 | 2019 | 2018
Cash flows provided by operating activities | $115.3 | $66.8
Payments for property, plant and equipment | (90.6) | (62.8)
Free cash flow | 24.7 | 4.0


Question: How was Free Cash Flow defined by the company?
Answer: as cash flow provided by operations less capital expenditures
VALUATION AND QUALIFYING ACCOUNTS
(in millions)
Foreign exchange and other includes the impact of foreign exchange and certain immaterial reclassifications.
Table:
 | Allowances For | 
 | Financing Receivables | Accounts Receivable
Year ended July 29, 2017 |  | 
Balance at beginning of fiscal year . | $375 | $249
Provisions (benefits) | (35) | 27
Recoveries (write-offs), net . | (49) | (61)
Foreign exchange and other . | 4 | (4)
Balance at end of fiscal year | $295 | $211
Year ended July 28, 2018 |  | 
Balance at beginning of fiscal year . | $295 | $211
Provisions (benefits) | (89) | (45)
Recoveries (write-offs), net . | (6) | (37)
Foreign exchange and other . | 5 | —
Balance at end of fiscal year | $205 | $129
Year ended July 27, 2019 |  | 
Balance at beginning of fiscal year | $205 | $129
Provisions (benefits) | (16) | 56
Recoveries (write-offs), net | (42) | (50)
Foreign exchange and other  . | (21) | 1
Balance at end of fiscal year | $126 | $136


Question: What was the change in the Financing Receivables for Foreign exchange and other between 2017 and 2019?
Answer: -25
Calculation: -21-4
Basic and Diluted Net Income Per Share
Basic net income per share is computed using net income divided by the weighted average number of shares of common stock
outstanding (“Weighted Shares”) for the period presented.
Diluted net income per share is computed using net income divided by Weighted Shares and the treasury stock method effect of common equivalent shares (“CESs”) outstanding for each period presented. In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2019, 2018 and 2017 (in thousands, except per share data):
common equivalent shares (“CESs”) outstanding for each period presented. In the following table, we present a reconciliation of
earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2019, 2018 and
2017 (in thousands, except per share data):
The number of anti-dilutive CESs in 2019, 2018 and 2017 was immaterial. See Note 2 for further information on those securities.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (in thousands, except per share data)    | 
Net income    | $ 85,762 | $ 104,690 | $ 116,481
Earnings per share： |  |  | 
Basic    | $ 1.33 | $ 1.58 | $ 1.68
Effect of CESs      | (0.01 )    | - | -
Diluted    | $ 1.32 | $ 1.58 | $ 1.68
Weighted average number of shares: |  |  | 
Basic      | 64,397 | 66,201 | 69,175
Effect of CESs      | 706 | 233 | 249
Diluted      | 65,103 | 66,434 | 69,424


Question: What is the diluted earning per share for 2018?
Answer: 1.58
d) Transaction with other related parties:
Net revenues/(expenses): The transactions with other related parties for the years ended December 31, 2019, 2018 and 2017 consisted of the following:
(i) The Cool Pool - On July 8, 2019 GasLog's vessel charter contracts had concluded and withdrew their participation from the Cool Pool. Following Gaslog's departure, we assumed sole responsibility for the management of the Cool Pool and consolidate the Cool Pool. From point of consolidation, the Cool Pool ceased to be a related party.
(ii) Magni Partners - Tor Olav Trøim is the founder of, and partner in, Magni Partners (Bermuda) Limited, a privately held Bermuda company, and is the ultimate beneficial owner of the company. Receivables and payables from Magni Partners comprise primarily of the cost (without mark-up) or part cost of personnel employed by Magni Partners who have providedadvisory and management services to Golar. These costs do not include any payment for any services provided by Tor Olav Trøim himself.
iii) Borr Drilling - Tor Olav Trøim is the founder, and director of Borr Drilling, a Bermuda company listed on the Oslo and NASDAQ stock exchanges. Receivables comprise primarily of management and administrative services provided by our Bermuda corporate office.
iv) 2020 Bulkers - 2020 Bulkers is a related party by virtue of common directorships. Receivables comprise primarily of management and administrative services provided by our Bermuda corporate office.
Table:
(in thousands of $) | 2019 | 2018 | 2017
The Cool Pool (i) | 39,666 | 151,152 | 59,838
Magni Partners (ii) | (858) | (375) | (260)
Borr Drilling (iii) | 542 | — | —
2020 Bulkers (iv) | 265 | — | —
Total | 39,615 | 150,777 | 59,578


Question: What are the different parties involved with the transactions?
Answer: The Cool Pool, Magni Partners, Borr Drilling, 2020 Bulkers
Contract Balances
A contract asset will be recorded if we have recognized revenue but do not have an unconditional right to the related consideration from the customer. For example, this will be the case if implementation services offered in a cloud arrangement are identified as a separate performance obligation and are provided to a customer prior to us being able to bill the customer. In addition, a contract asset may arise in relation to subscription licenses if the license revenue that is recognized upfront exceeds the amount that we are able to invoice the customer at that time. Contract assets are reclassified to accounts receivable when the rights become unconditional.
The balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated below were as follows:
The difference in the opening and closing balances of our contract assets and deferred revenues primarily results from the timing difference between our performance and the customer’s payments. We fulfill our obligations under a contract with a customer by transferring products and services in exchange for consideration from the customer. During the year ended June 30, 2019, we reclassified $19.2 million of contract assets to receivables as a result of the right to the transaction consideration becoming unconditional. During the year ended June 30, 2019, there was no significant impairment loss recognized related to contract assets.
We recognize deferred revenue when we have received consideration or an amount of consideration is due from the customer for future obligations to transfer products or services. Our deferred revenues primarily relate to customer support agreements which have been paid for by customers prior to the performance of those services. The amount of revenue that was recognized during the year ended June 30, 2019 that was included in the deferred revenue balances at July 1, 2018 was approximately $617 million.
Table:
 | As of June 30, 2019 | As of July 1, 2018
Short-term contract assets | $20,956 | $5,474
Long-term contract assets | $15,386 | $12,382
Short-term deferred revenue | $641,656 | $618,197
Long-term deferred revenue | $46,974 | $64,743


Question: What is the total revenue and assets as of June 30, 2019?
Answer: 724972
Calculation: 20,956+15,386+641,656+46,974
The following is selected financial data for our reportable segments (in thousands):
ACI On Premise Segment Adjusted EBITDA decreased $2.6 million for the year ended December 31, 2019, compared to the same period in 2018, primarily due to a $5.2 million increase in cash operating expense, partially offset by a $2.6 million increase in revenue.
ACI On Demand Segment Adjusted EBITDA increased $54.5 million for the year ended December 31, 2019, compared to the same period in 2018, of which $46.4 million was due to the acquisition of Speedpay. Excluding the impact of the acquisition of Speedpay, ACI On Demand Segment Adjusted EBITDA increased $8.1 million, primarily due to a $18.3 million increase in revenue, partially offset by a $10.2 million increase in cash operating expense.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Revenues |  | 
ACI On Premise | $579,334 | $576,755
ACI On Demand | 678,960 | 433,025
Total revenue | $ 1,258,294 | $ 1,009,780
Segment Adjusted EBITDA |  | 
ACI On Premise | $321,305 | $323,902
ACI On Demand | 66,501 | 12,015
Depreciation and amortization | (122,569 ) | (97,350 )
Stock-based compensation expense | (36,763 ) | (20,360 )
Corporate and unallocated expenses | (104,718 ) | (92,296 )
Interest, net | (52,066 ) | (30,388 )
Other, net | 520 | (3,724 )
Income before income taxes | $ 72,210 | $ 91,799
Depreciation and amortization |  | 
ACI On Premise | $ 11,992 | $ 11,634
ACI On Demand | 34,395 | 31,541
Corporate | 76,182 | 54,175
Total depreciation and amortization | $ 122,569 | $ 97,350
Stock-based compensation expense |  | 
ACI On Premise | $ 7,651 | $ 4,348
ACI On Demand | 7,995 | 4,338
Corporate and other | 21,117 | 11,674
Total stock-based compensation expense | $ 36,763 | $ 20,360


Question: Why did ACI On Premise Segment Adjusted EBITDA decrease between 2018 and 2019?
Answer: due to a $5.2 million increase in cash operating expense, partially offset by a $2.6 million increase in revenue.
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
Information about receivables, contract assets and contract liabilities from contracts with tenants is as follows:
(1) Prior-period amounts adjusted with the adoption of the new lease accounting guidance, as applicable.
(2) Excludes $56.7 million and $55.0 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively.
(3) Excludes $300.2 million and $313.6 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively.
The Company records unearned revenue when payments are received from tenants in advance of the completion of the Company’s performance obligations. Long-term unearned revenue is included in Other non-current liabilities. During the year ended December 31, 2019, the Company recognized $62.2 million of revenue that was included in the Unearned revenue balance as of December 31, 2018. During the year ended December 31, 2018, the Company recognized $44.4 million of revenue that was included in the Unearned revenue balance as of January 1, 2018. The Company also recognized revenues of $59.2 million and $55.4 million during the years ended December 31, 2019 and December 31, 2018, respectively, for capital contributions related to DAS networks. There was $0.4 million of revenue recognized from Other non-current liabilities during each of the years ended December 31, 2019 and 2018. $59.2 million and $55.4 million during the years ended December 31, 2019 and December 31, 2018, respectively, for capital contributions related to DAS networks. There was $0.4 million of revenue recognized from Other non-current liabilities during each of the years ended December 31, 2019 and 2018.
$59.2 million and $55.4 million during the years ended December 31, 2019 and December 31, 2018, respectively, for capital
contributions related to DAS networks. There was $0.4 million of revenue recognized from Other non-current liabilities during
each of the years ended December 31, 2019 and 2018.
Table:
 | December 31, 2019 | December 31, 2018 (1)
Accounts receivable | $80.5 | $92.6
Prepaids and other current assets | 8.3 | 7.7
Notes receivable and other non-current assets | 21.3 | 22.2
Unearned revenue (2) | 35.0 | 35.0
Other non-current liabilities (3) | 79.0 | 54.1


Question: What does unearned revenue exclude?
Answer: $56.7 million and $55.0 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively.
C. Remuneration to Key Managerial Personnel other than MD / Manager / WTD
Note: For more information, please refer to the Corporate Governance Report.
Table:
Particulars of Remuneration | Key Managerial Personnel |  | 
 | Ramakrishnan V Chief Financial Officer | Rajendra Moholkar Company Secretary | Total
1. Gross salary |  |  | 
(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961 | 72.06 | 21.66 | 93.72
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 | 43.54 | 1.20 | 44.74
(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 | - | - | -
2. Stock Option | - | - | -
3. Sweat Equity | - | - | -
4. Commission | - | - | -
as % of profit | - | - | -
5. Others, Allowances | 297.47 | 117.29 | 414.76
Total | 413.07 | 140.15 | 553.22


Question: What is the CFO's remuneration as a percentage of the total given to them both?
Answer: 74.67
Calculation: 413.07/553.22
Preliminary Purchase Price Allocation
For the Assemble Systems, PlanGrid, and BuildingConnected acquisitions that were accounted for as business combinations, Autodesk recorded the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess of consideration transferred over the aggregate fair values as goodwill. The goodwill recorded is primarily attributable to synergies expected to arise after the acquisition. There is no amount of goodwill that is deductible for U.S. income tax purposes.
The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for the business combinations that were completed during the fiscal year ended January 31, 2019:
(1) During Q4 of fiscal 2019, Autodesk recorded a measurement period adjustment related to the valuation of the deferred tax liability associated with the Assemble Systems acquisition. This adjustment increased goodwill and reduced net tangible assets by $0.1 million.
For the three business combinations in fiscal 2019, the determination of estimated fair values of certain assets and liabilities is derived from estimated fair value assessments and assumptions by Autodesk. For PlanGrid and BuildingConnected, Autodesk's estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). For the three business combinations in fiscal 2019, the tax impact of the acquisition is also subject to change within the measurement period. Different estimates and assumptions could result in different valuations assigned to the individual assets acquired and liabilities assumed, and the resulting amount of goodwill.
Table:
 | Assemble Systems (1) | PlanGrid | BuildingConnected | Total
Developed technologies | $4.4 | $78.0 | $12.5 | $94.9
Customer relationships and other non-current intangible assets | 12.0 | 98.0 | 26.9 | 136.9
Trade name | 2.8 | 20.0 | 6.8 | 29.6
Goodwill | 72.0 | 588.7 | 206.3 | 867.0
Deferred revenue (current and non-current) | (1.7) | (25.5) | (2.8) | (30.0)
Net tangible assets | 4.1 | 18.4 | 3.5 | 26.0
Total | $93.6 | $777.6 | $253.2 | $1,124.4


Question: What is the goodwill recorded primarily attributable to?
Answer: The goodwill recorded is primarily attributable to synergies expected to arise after the acquisition
Marketable Securities
Marketable securities consisted of the following (in thousands):
We classify our marketable securities as available-for-sale. All marketable securities represent the investment of funds available for current operations, notwithstanding their contractual maturities. Such marketable securities are recorded at fair value and unrealized gains and losses are recorded in Accumulated other comprehensive income (loss) until realized.
We typically invest in highly-rated securities with low probabilities of default. Our investment policy requires investments to be rated single A or better, limits the types of acceptable investments, concentration as to security holder and duration of the investment. The gross unrealized gains and losses in fiscal 2019 and 2018 were caused primarily by changes in interest rates.
The longer the duration of marketable securities, the more susceptible they are to changes in market interest rates and bond yields. As yields increase, those securities with a lower yield-at-cost show a mark-to-market unrealized loss. We anticipate recovering the full cost of the securities either as market conditions improve, or as the securities mature. Accordingly, we believe that the unrealized losses are not other-than-temporary.
When evaluating the investments for otherthan- temporary impairment, we review factors such as the length of time and extent to which fair value has been below the amortized cost basis, current market liquidity, interest rate risk, the financial condition of the issuer, and credit rating downgrades. As of December 28, 2019 and December 29, 2018, gross unrealized losses related to our marketable securities portfolio were not material.
Table:
December 28, 2019 | Amortized Cost   | Gains   | Losses   | Fair Value  
U.S. Treasuries | $10,458 | $11 | $— | $10,469
Commercial paper | 3,914 | 1 | (4) | 3,911
Corporate bond | 33,867 | 68 | (7) | 33,928
Certificate of deposit | 3,584 | 5 | — | 3,589
Agency securities | 24,408 | 38 | (16) | 24,430
 | $76,231 | $123 | $(27) | $76,327
December 29, 2018 | Amortized Cost | Gains | Losses | Fair Value
U.S. Treasuries | $7,997 | $1 | $(1) | $7,997
Commercial paper | 2,296 | — | (1) | 2,295
Corporate bond | 30,833 | 1 | (160) | 30,674
Certificate of deposit | 960 | — | (3) | 957
Agency securities | 8,667 | — | (59) | 8,608
 | $50,753 | $2 | $(224) | $50,531


Question: What is the increase/ (decrease) in Amortized Cost of Commercial paper from Fiscal Year Ended December 28, 2019 to December 29, 2018?
Answer: 1618
Calculation: 3,914-2,296
Subscription Revenue by Segment
Our subscription revenue is comprised primarily of fees we charge for our subscription and hosted service offerings including Creative Cloud and certain of our Digital Experience and Document Cloud services. We recognize subscription revenue ratably over the term of agreements with our customers, beginning with commencement of service.
We have the following reportable segments: Digital Media, Digital Experience and Publishing. Subscription revenue by reportable segment for fiscal 2019, 2018 and 2017 is as follows:
(*) Percentage is less than 1%
Our product revenue is primarily comprised of revenue from distinct on-premise software licenses recognized at a point in time and certain of our OEM and royalty agreements. Our services and support revenue is comprised of consulting, training and maintenance and support, primarily related to the licensing of our enterprise offerings and the sale of our hosted Digital Experience services. Our support revenue also includes technical support and developer support to partners and developer organizations related to our desktop products. Our maintenance and support offerings, which entitle customers to receive desktop product upgrades and enhancements or technical support, depending on the offering, are generally recognized ratably over the term of the arrangement.
Table:
(dollars in millions) | 2019 | 2018 | 2017 | % Change 2019 - 2018
Digital Media | $7,208.3 | $5,857.7 | $4,480.8 | 23%
Digital Experience | 2,670.7 | 1,949.3 | 1,552.5 | 37%
Publishing | 115.5 | 115.2 | 100.6 | *
Total subscription revenue | $9,994.5 | $7,922.2 | $6,133.9 | 26%


Question: What does their product revenue comprise of?
Answer: revenue from distinct on-premise software licenses recognized at a point in time and certain of our OEM and royalty agreements