hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Operating Segment Results
Currently, we have three reportable segments—Activision, Blizzard, and King. Our operating segments are consistent with the manner in which our operations are reviewed and managed by our Chief Executive Officer, who is our chief operating decision maker (“CODM”). The CODM reviews segment performance exclusive of: the impact of the change in deferred revenues and related cost of revenues with respect to certain of our online-enabled games; share-based compensation expense; amortization of intangible assets as a result of purchase price accounting; fees and other expenses (including legal fees, expenses, and accruals) related to acquisitions, associated integration activities, and financings; certain restructuring and related costs; and certain other non-cash charges. The CODM does not review any information regarding total assets on an operating segment basis, and accordingly, no disclosure is made with respect thereto.
Our operating segments are also consistent with our internal organizational structure, the way we assess operating performance and allocate resources, and the availability of separate financial information. We do not aggregate operating segments.
Information on the reportable segment net revenues and segment operating income are presented below (amounts in millions):
(1) Intersegment revenues reflect licensing and service fees charged between segments.
Table:
 |  |  |  | For the Year Ended December 31, 2018
 | Activision | Blizzard | King | Total
Segment Revenues |  |  |  | 
Net revenues from external customers | $2,458 | $2,238 | $2,086 | $6,782
Intersegment net revenues (1) | — | 53 | — | 53
Segment net revenues | $2,458 | $2,291 | $2,086 | $6,835
Segment operating income | $1,011 | $685 | $750 | $2,446


Question: What percentage of the total Net revenues from external customers does King contribute?
Answer: 30.76
Calculation: ($2,086/$6,782)
Stock Options
Additional information related to our stock options is summarized below (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Intrinsic value of exercises | $ 31 | $ 37 | $ 26
Proceeds received from exercises | $ 25 | $ 88 | $ 60
Fair value of options vested | $ 2 | $ 8 | $ 15


Question: What were the Proceeds received from exercises in 2018?
Answer: 88
6 Other assets (continued)
(a) Security deposits
Included in the security deposits was $8.8 million (2018: $4.2 million) relating to deposits held as security for bank guarantees.
(b) Customer incentives
Where customers are offered incentives in the form of free or discounted periods, the dollar value of the incentive is capitalised and amortised on a straight-line basis over the expected life of the contract.
(c) Contract Costs
From 1 July 2018, eligible costs that are expected to be recovered will be capitalised as a contract cost and amortised over the expected customer life.
Table:
 |  | 30 June 2019 | 30 June 2018
 | Note | $'000 | $'000
CURRENT |  |  | 
Prepayments |  | 2,631 | 3,827
Capitalised transaction costs |  | 1,496 | -
Security deposits | 6(a) | 8,822 | 4,151
Customer incentives | 6(b) | 625 | 764
Other current assets |  | 412 | 412
Contract costs 6(c) | 6(c) | 446 | -
Total other assets - current |  | 14,432 | 9,154


Question: What was the percentage change in security deposits between 2018 and 2019?
Answer: 112.53
Calculation: (8,822 - 4,151) / 4,151
7. Property, Plant and Equipment and Leases
Property, plant and equipment at April 30, 2019 and 2018, consisted of the following (in thousands):
Depreciation and amortization expense for the years ended April 30, 2019 and 2018 was $2,802,000 and $2,484,000, respectively.
Maintenance and repairs charged to operations for the years ended April 30, 2019 and 2018 was approximately $309,000 and $466,000, respectively.
The Company leases its Long Island, New York headquarters building. On July 25, 2018, the Company signed an amendment to the lease which extends the current lease terms ten years and eight months through September 30, 2029. Pursuant to the amendment to the lease agreement, the annual rent will increase from $1,046,810 in 2019 to $1,276,056 in 2029. Under the terms of the lease, the Company is required to pay its proportionate share of real estate taxes, insurance and other charges.
In addition, the Company’s subsidiaries in New Jersey and California lease their office and manufacturing facilities. On February 1, 2018, FEI-Elcom entered into a new lease agreement in New Jersey for office and manufacturing space encompassing approximately 9,000 square feet. The monthly rent is $9,673 through the end of the lease which expires in January 31, 2021. FEI-Zyfer has signed a second amendment to its lease in California, which extends the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025. The average annual rent over the period of the amendment is approximately $312,000. FEI-Zyfer leases office and manufacturing space encompassing 27,850 square feet.
Rent expense under operating leases for the years ended April 30, 2019 and 2018 was approximately $1.2 million and $1.7 million, respectively. The Company records rent expense on its New York building and FEI-Zyfer facility on the straight-line method over the lives of the respective leases. As a result, as of April 30, 2019 and 2018, the Company’s Consolidated Balance Sheet included deferred rent payable of approximately $236,000 and $110,000, respectively, which will be recognized over the respective rental periods.
Table:
 | 2019 | 2018
Buildings and building improvements | $2,692 | $2,790
Machinery, equipment and furniture | 57,157 | 57,503
 | 59,849 | 60,293
Less, accumulated depreciation | (46,811 ) | (46,166)
 | $13,038 | $ 14,127


Question: What is the change between the value of machinery, equipment and furniture between 2018 and 2019?
Answer: -346
Calculation: 57,157-57,503
Note 6. Property and Equipment, Net
Furniture and fixtures, computer software and equipment, leasehold improvements and real property are recorded at cost and presented net of depreciation. We record land at historical cost. During the application development phase, we record capitalized development costs in our construction in progress account and then reclass the asset to internal-use software when the project is ready for its intended use, which is usually when the code goes into production. Furniture, fixtures and office equipment and computer software and hardware are depreciated on a straight-line basis over lives ranging from three to five years. Internal-use software is amortized on a straight-line basis over a three-year period. Leasehold improvements are amortized on a straight-line basis over the shorter of the lease terms or the asset lives. Real property is amortized on a straightline basis over lives ranging from 15 to 39 years.
The components of property and equipment, net are as follows (in thousands):
Depreciation expense related to property and equipment for the years ended December 31, 2019, 2018 and 2017 was $5.9 million, $5.7 million and $5.4 million, respectively. Amortization expense related to internal-use software of $1.9 million, $0.8 million and $0.4 million was included in those expenses for the years ended December 31, 2019, 2018 and 2017, respectively. We had no disposals and write-offs of property and equipment that impacted the consolidated statements of operations during the year ended December 31, 2019. Within the Alarm.com segment, we disposed of and wrote off $1.4 million and $0.8 million of capitalized costs to research and development expenses within the consolidated statements of operations primarily related to the design of internal-use software that no longer met the requirements for capitalization during the years ended December 31, 2018 and 2017, respectively. In December 2019, we purchased land and a commercial building located in Liberty Lake, Washington for $5.1 million. Once renovations are complete, this building will be used by OpenEye for sales and training, research and development, warehousing and administrative purposes.
Table:
 | December 31, | 
 | 2019 | 2018
Furniture, fixtures and office equipment | $5,604 | $4,102
Computer software and hardware | 17,767 | 16,228
Internal-use software | 8,949 | 5,072
Construction in progress | 4,232 | 3,790
Leasehold improvements | 23,223 | 18,338
Real property | 4,917 | 707
Land | 1,398 | 508
Total property and equipment | 66,090 | 48,745
Accumulated depreciation | (27,542) | (20,988)


Question: How many net components of property and equipment in 2019 exceeded $20,000 thousand?
Answer: 1
Calculation: Leasehold improvements
Contractual Obligations
The following table presents the payments due by fiscal year for our outstanding contractual obligations as of December 31, 2019 (in thousands):
(1) Includes estimated cash interest to be paid over the remaining terms of the underlying debt. Interest payments are based on fixed and floating rates as of December 31, 2019.
(2) Purchase obligations represent agreements to purchase goods or services, including open purchase orders and contracts with fixed volume commitments, that are noncancelable or cancelable with a significant penalty. Purchase obligations for our long-term supply agreements for the purchase of substrate glass and cover glass represent specified termination penalties, which are up to $430 million in the aggregate under the agreements. Our actual purchases under these supply agreements are expected to be approximately $2.4 billion of substrate glass and $500 million of cover glass.
(3) In connection with business or project acquisitions, we may agree to pay additional amounts to the selling parties upon achievement of certain milestones. See Note 14. “Commitments and Contingencies” to our consolidated financial statements for further information.
(4) Transition tax obligations represent estimated payments for U.S. federal taxes associated with accumulated earnings and profits of our foreign corporate subsidiaries. See Note 18. “Income Taxes” to our consolidated financial statements for further information.
(5) Includes expected letter of credit fees and unused revolver fees.
We have excluded $72.2 million of unrecognized tax benefits from the amounts presented above as the timing of such obligations is uncertain.
Table:
 |  |  | Payments Due by Year |  | 
 |  | Less Than | 1 - 3 | 3 - 5 | More Than
 | Total | 1 Year | Years | Years | 5 Years
Long-term debt obligations | $482,892 | $17,684 | $98,571 | $37,496 | $329,141
Interest payments (1) . | 168,040 | 17,276 | 29,533 | 27,409 | 93,822
Operating lease obligations | 162,913 | 15,153 | 28,771 | 26,708 | 92,281
Purchase obligations (2) . | 1,424,267 | 900,200 | 221,888 | 187,277 | 114,902
Recycling obligations . | 137,761 | — | — | — | 137,761
Contingent consideration (3) . | 6,895 | 2,395 | 4,500 | — | —
Transition tax obligations (4) . | 76,667 | 6,620 | 14,747 | 32,259 | 23,041
Other obligations (5) . | 10,527 | 2,933 | 5,164 | 2,430 | —
Total . | $2,469,962 | $962,261 | $403,174 | $313,579 | $790,948


Question: Why was $72.2 million of unrecognized tax benefits excluded?
Answer: We have excluded $72.2 million of unrecognized tax benefits from the amounts presented above as the timing of such obligations is uncertain.
As of December 31, 2019, we had 19,577 employees, which included 11,328 engineers, 7,416 technicians and 833 administrative staff performing administrative functions on a consolidated basis. We have in the past implemented, and may in the future evaluate the need to implement, labor redundancy plans based on the work performance of our employees.
Employee salaries are reviewed annually. Salaries are adjusted based on industry standards, inflation and individual performance. As an incentive, additional bonuses in cash may be paid at the discretion of management based on the performance of individuals. In addition, except under certain circumstances, R.O.C. law requires us to reserve from 10% to 15% of any offerings of our new common shares for employees’ subscription.
Our employees participate in our profit distribution pursuant to our articles of incorporation. Employees are entitled to receive additional bonuses based on a certain percentage of our allocable surplus income. On February 26, 2020, our board of directors proposed an employee bonus in cash in the aggregate amount of NT$1,133 million (US$38 million) in relation to retained earnings in 2019.
Our employees are not covered by any collective bargaining agreements. We believe we have a good relationship with our employees.
Table:
 |  | As of December 31, | 
 | 2017 | 2018 | 2019
Employees |  |  | 
Engineers | 11,846 | 11,651 | 11,328
Technicians | 7,432 | 7,494 | 7,416
Administrative Staff | 798 | 784 | 833
Total | 20,076 | 19,929 | 19,577


Question: What is the criteria to adjust the salaries? 
Answer: Salaries are adjusted based on industry standards, inflation and individual performance.
Annual Recurring Revenue
Beginning with the fourth quarter of 2018, we began monitoring a new operating metric, total annual recurring revenue (“Total ARR”), which is defined as the annualized value of all recurring revenue contracts active at the end of a reporting period. Total ARR includes the annualized value of subscriptions (“Subscription ARR”) and the annualized value of software support contracts related to perpetual licenses (“Perpetual license support ARR”) active at the end of a reporting period and does not include revenue reported as perpetual license or professional services in our consolidated statement of operations. We are monitoring these metrics because they align with how our customers are increasingly purchasing our solutions and how we are managing our business. These ARR measures should be viewed independently of revenue, unearned revenue, and customer arrangements with termination rights as ARR is an operating metric and is not intended to be combined with or replace those items. ARR is not an indicator of future revenue and can be impacted by contract start and end dates and renewal rates.
ARR metrics as of December 31, 2019 and 2018 were as follows (unaudited):
Table:
 | December 31, | 
(in millions, except percentages) | 2019 | 2018
Total ARR | $179.5 | $162.6
Year-over-year percentage increase | 10% | 20%
Subscription ARR | $113.9 | $95.9
Year-over-year percentage increase | 19% | 32%
Perpetual license support ARR | $65.6 | $66.7
Year-over-year percentage increase (decrease) | (2)% | 6%


Question: What were the values of subscription ARRs for the years 2019 and 2018 respectively?
Answer: $113.9, $95.9
LIQUIDITY AND CAPITAL RESOURCES
The Company’s cash and cash equivalents increased to $93,628 at June 30, 2019 from $31,440 at June 30, 2018. Cash at the end of fiscal 2018 was lower due primarily to the acquisition of Ensenta and higher repayment of debt in fiscal 2018.
The following table summarizes net cash from operating activities in the statement of cash flows:
Cash provided by operating activities increased 5% compared to fiscal 2018. Cash from operations is primarily used to repay debt, pay dividends and repurchase stock, and for capital expenditures.
Table:
 | Year Ended | 
 | June 30 | 
 | 2019 | 2018
Net income | $271,885 | $365,034
Non-cash expenses | 180,987 | 87,906
Change in receivables | (11,777) | 21,489
Change in deferred revenue | 23,656 | 1,255
Change in other assets and liabilities | (33,623) | (63,542)
Net cash provided by operating activities | $431,128 | $412,142


Question: What is the average net income for 2018 and 2019?
Answer: 318459.5
Calculation: ($271,885+$365,034)/2
(a) Description of segments and principal activities (continued)  The Group also conducts operations in the United States of America (“United States”), Europe and other regions, and holds investments (including investments in associates, investments in joint ventures, FVPL and FVOCI) in various territories. The geographical information on the total assets is as follows:
As at 31 December 2019, the total non-current assets other than financial instruments and deferred tax assets located in Mainland China and other regions amounted to RMB311,386 million (31 December 2018: RMB282,774 million) and RMB136,338 million (31 December 2018: RMB65,057 million), respectively.
All the revenues derived from any single external customer were less than 10% of the Group’s total revenues during the years ended 31 December 2019 and 2018.
Table:
 | As at 31 December | 
 | 2019 | 2018
 | RMB’Million | RMB’Million
Operating assets |  | 
– Mainland China | 345,721 | 270,373
– Others | 168,714 | 83,962
Investments |  | 
– Mainland China and Hong Kong | 289,491 | 254,992
– North America | 76,488 | 44,835
– Europe | 29,707 | 37,451
– Asia excluding Mainland China and Hong Kong | 40,139 | 30,148
– Others | 3,726 | 1,760
 | 953,986 | 723,521


Question: How much is the operating assets in mainland china as at 31 December 2019?
Answer: 345,721
Note 11. Other Current Assets
Other current assets consisted of the following (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Investments held in rabbi trust | $13,927 | $11,442
Financial derivatives | 3,373 | 1,078
Deferred rent | 558 | 1,867
Other current assets | 2,667 | 2,374
 | $20,525 | $16,761


Question: What are the components under other current assets in the table?
Answer: Investments held in rabbi trust, Financial derivatives, Deferred rent, Other current assets
Property and Equipment, Net
Property and equipment, net, consisted of the following (in thousands):
Depreciation expense on property and equipment was $5.0 million, $6.4 million and $7.1 million for the years
ended December 31, 2019, 2018 and 2017, respectively
Table:
 | Useful life (in years) | December 31, 2019 | December 31, 2018
Equipment | 1-3 | $22,702 | $49,804
Software | 1-3 | 726 | 4,088
Furniture and fixtures | 1-3 | 459 | 967
Leasehold improvements | 2-8 | 5,440 | 3,832
Construction in progress |  | -- | 160
Property and equipment, gross |  | 29,327 | 58,581
Less: accumulated depreciation |  | (21,671) | (51,589)
Property and equipment, net |  | $7,656 | $7,262


Question: What is the depreciation expense on property and equipment as at December 31, 2019?
Answer: $5.0
NOTE 6- continued
¹⁾ For additional information regarding impairment considerations, please refer to note 8.
Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized drydocking costs in the amount of USD 60.7m (2018: USD 67.5m, 2017: USD 68.1m).
The sale and leaseback transactions in 2019 were all classified as financing arrangements and did not result in derecognition of the underlying assets as control was retained by the Group.
Table:
USDm | 2019 | 2018 | 2017
Vessels and capitalized dry-docking |  |  | 
Cost: |  |  | 
Balance as of 1 January | 1,886.3 | 1,726.6 | 1,697.4
Additions | 81.3 | 162.7 | 103.1
Disposals | -25.6 | -30.2 | -14.3
Transferred from prepayments | 252.3 | 81.8 | -
Transferred to assets held for sale | -130.1 | -54.6 | -59.6
Balance as of 31 December | 2,064.2 | 1,886.3 | 1,726.6
Depreciation: |  |  | 
Balance as of 1 January | 327.6 | 264.8 | 180.0
Disposals | -25.6 | -30.2 | -14.3
Depreciation for the year | 106.5 | 113.4 | 113.6
Transferred to assets held for sale | -47.9 | -20.4 | -14.5
Balance as of 31 December | 360.6 | 327.6 | 264.8
Impairment: |  |  | 
Balance as of 1 January | 162.1 | 167.3 | 173.6
Impairment losses on tangible fixed assets | 6.0 | 3.2 | 3.6
Reversal of impairment ¹⁾ | -120.0 | - | -
Transferred to assets held for sale | -19.3 | -8.4 | -9.9
Balance as of 31 December | 28.8 | 162.1 | 167.3
Carrying amount as of 31 December | 1,674.8 | 1,396.6 | 1,294.5


Question: Under reversal of impairment, where can additional information regarding impairment considerations be found?
Answer: refer to note 8
During fiscal year 2019, the following activity occurred under our stock plans:
(a) Includes 2 million, 3 million, and 2 million of PSUs granted at target and performance adjustments above target levels for fiscal years 2019, 2018, and 2017, respectively.
As of June 30, 2019, there was approximately $8.6 billion of total unrecognized compensation costs related to stock awards. These costs are expected to be recognized over a weighted average period of 3 years. The weighted average grant-date fair value of stock awards granted was $107.02, $75.88, and $55.64 for fiscal years 2019, 2018, and 2017, respectively. The fair value of stock awards vested was $8.7 billion, $6.6 billion, and $4.8 billion, for fiscal years 2019, 2018, and 2017, respectively.
Table:
 | Shares | Weighted Average Grant-Date Fair Value
(In millions) |  | 
Stock Awards |  | 
Nonvested balance, beginning of year | 174 | $  57.85
Granted (a) | 63 | 107.02
Vested | (77) | 57.08
Forfeited | (13) | 69.35
Nonvested balance, end of year | 147 | $ 78.49


Question: How much were the total unrecognized compensation costs related to stock awards as of June 30, 2019?
Answer: As of June 30, 2019, there was approximately $8.6 billion of total unrecognized compensation costs related to stock awards.
DEPRECIATION AND AMORTIZATION
1 See “Accounting Policies” for more information.
1 See “Accounting Policies” for more information. Total depreciation and amortization increased this year primarily as a result of depreciation of right-of-use assets due to our adoption of IFRS 16 on January 1, 2019 and higher capital expenditures over the past several years. See “Capital Expenditures” for more information.
Table:
(In millions of dollars) | Years ended December 31 |  | 
 | 2019 | 2018 | %Chg
Depreciation | 2,297 | 2,174 | 6
Amortization | 16 | 37 | (57)
Depreciation and amortization before depreciation of right-of-use assets | 2,313 | 2,211 | 5
Depreciation of right-of-use assets 1 | 175 | - | n/m
Total depreciation and amortization | 2,488 | 2,211 | 13


Question: What was the average amortization?
Answer: 26.5
Calculation: (16 + 37) / 2
Billings
Group reported billings decreased by $8.3 million or 1.1 per cent to $760.3 million in the year-ended 31 March 2019. This represented a 0.1 per cent decrease on a constant currency (“CC”) basis.
Billings by region
Americas Billings attributable to the Americas decreased by $2.2 million to $267.8 million in the period, representing a 0.8 per cent reduction on a reported basis and 0.7 per cent on a constant currency basis; this decrease largely driven by a decline in Enduser products due to the stronger performance in the prior-year compare as a consequence of the impact of the WannaCry ransomware outbreak and the launch of Intercept X, the Group’s next-gen endpoint product, partially offset by an improved performance in UTM sales.
EMEA Billings attributable to EMEA increased by $0.2 million to $395.3 million in the period, representing 0.1 per cent growth on a reported basis and 0.9 per cent growth on a constant currency basis. An increase in sales of Server products being partially offset by a reduction in endpoint and email products.
APJ Billings attributable to APJ decreased by $6.3 million to $97.2 million in the period, representing 6.1 per cent on a reported basis and 2.8 per cent on a constant currency basis. As in the Americas, growth was negatively impacted by the stronger performance in the prior-year compare compounded by a legacy Network product transition in the first-half of the year partially offset by an improvement in sales of Server products.
Table:
 | FY19 | FY18 | Growth % | Growth %
 | $m (Reported) | $m (Reported) | (Reported) | (CC)
Billings by Region: |  |  |  | 
- Americas | 267.8 | 270.0 | (0.8) | (0.7)
- EMEA | 395.3 | 395.1 | 0.1 | 0.9
- APJ | 97.2 | 103.5 | (6.1) | (2.8)
 | 760.3 | 768.6 | (1.1) | (0.1)
Billings by Product: |  |  |  | 
– Network | 345.9 | 353.4 | (2.1) | (1.1)
– Enduser | 377.1 | 383.2 | (1.6) | (0.7)
– Other | 37.3 | 32.0 | 16.6 | 17.1
 | 760.3 | 768.6 | (1.1) | (0.1)
Billings by Type: |  |  |  | 
– Subscription | 644.6 | 644.2 | 0.1 | 1.0
– Hardware | 105.7 | 113.7 | (7.0) | (6.1)
– Other | 10.0 | 10.7 | (6.5) | (4.6)
 | 760.3 | 768.6 | (1.1) | (0.1)


Question: How is the analysis of Billings broken down in the table?
Answer: Billings by Region, Billings by Product, Billings by Type