hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Share Repurchase
On December 18, 2019, the Board of Directors authorized to remove the expiration date to the Company’s common stock share repurchase program and increase the authorized amount by $25.1 million increasing the authorization to repurchase shares up to a total of $50.0 million. As of December 31, 2019, a total of $50.0 million remained available for future share repurchases. We repurchased 1.7 million shares for $95.1 million and 0.4 million shares for $30.0 million in fiscal 2018 and 2017, respectively. There were no shares repurchased in fiscal 2019. CASH FLOWS
A summary of our cash provided by and used in operating, investing, and financing activities is as follows (in thousands):
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net cash provided by (used in) operating activities from continuing operations | $47,899 | $151,427
Net cash provided by (used in) operating activities from discontinued operations | 493 | (156)
Net cash provided by (used in) operating activities | 48,392 | 151,271
Net cash provided by (used in) investing activities from continuing operations | (393,847) | (113,592)
Net cash provided by (used in) financing activities from continuing operations | 338,840 | (97,134)
EFFECT OF CURRENCY TRANSLATION ON CASH | (1,496) | (1,030)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (8,111) | (60,485)
CASH AND CASH EQUIVALENTS, beginning of period | 354,552 | 415,037
CASH AND CASH EQUIVALENTS, end of period | 346,441 | 354,552
Less cash and cash equivalents from discontinued operations | — | 5,251
CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period | $346,441 | $349,301


Question: What was the change in Net cash provided by (used in) operating activities between 2018 and 2019?
Answer: -102879
Calculation: 48,392-151,271
12 Earnings per share
(a) Basic and diluted earnings per share
1 The weighted average number of shares used has been adjusted to remove shares held in the ESOP
2 Diluted shares include the impact of any dilutive convertible bonds, share options and share awards.
During 2017 the Group incurred a £49.4 million share related charge in relation to its Spanish development partner Eurofund’s future interests in the share capital of the intu Costa del Sol development company. The positive impact of this share related charge on equity attributable to owners of intu properties plc is a credit to retained earnings of £49.4 million. Subsequent to 31 December 2019, the Group has received the final ratifications required for full planning to become effective and therefore we expect the positive impact on retained earnings to reverse, once these arrangements are formally concluded.
Table:
 | 2019 |  |  | 2018 |  | 2018
 | Loss £m | Shares million | Loss per share pence | Loss £m | Shares million | Loss per Share pence
Basic1 | (1950.9) | 1,344.5 | (145.1)p | (1,132.2) | 1,343.7 | (84.3)p
Diluted2 | (1950.9) | 1,344.5 | (145.1)p | (1,132.2) | 1,343.7 | (84.3)p


Question: What was the retained earnings in 2017?
Answer: £49.4 million
ADVANCED ENERGY INDUSTRIES, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued)
(in thousands, except per share amounts)
In 2019, Advanced Energy finalized the assessment of fair value for the assets acquired and liabilities assumed related to the LumaSense acquisition. The following table summarizes the fair values of the assets acquired and liabilities assumed from the LumaSense acquisition, including measurement period adjustments.
During 2019, we adjusted the estimated values of the assets acquired and liabilities assumed based upon the final valuation report. These adjustments included additional liabilities, changes to deferred taxes and changes in the allocation of excess purchase price between goodwill and intangibles.
Table:
 | Preliminary: December 31, 2018 | Measurement Period Adjustments | Adjusted: December 31, 2019
Accounts and other receivable, net | $  7,167 | $ - | $  7,167
Inventories | 9,372 | - | 9,372
Property and equipment | 1,353 | - | 1,353
Goodwill | 48,032 | (11,774) | 36,258
Intangible assets | 26,000 | 17,240 | 43,240
Deferred income tax assets | 8,116 | (1,785) | 6,331
Other assets | 5,126 | 878 | 6,004
Total assets acquired | 105,166 | 4,559 | 109,725
Accounts payable | 5,734 | - | 5,734
Deferred income tax liabilities | 7,984 | 3,715 | 11,699
Other liabilities | 6,764 | 844 | 7,608
Total liabilities assumed | 20,482 | 4,559 | 25,041
Total fair value of net assets acquired | $  84,684 | $  - | $  84,684


Question: What was the percentage change in the fair value of deferred income tax assets between 2018 and 2019?
Answer: -21.99
Calculation: (6,331-8,116)/8,116
Performance Share Plan
The relevant disclosures in respect of the Performance Share Plan grants are set out below.
Table:
 | 2015 Grant | 2016 Grant | 2017 Grant | 2018 Grant | 2019 Grant
Grant date | 11th June | 5th April | 26th May | 4th April | 15th May
Mid market share price at grant date | 3,460.0p | 3,550.0p | 5,256.0p | 5,560.0p | 8,161.0p
Number of employees | 15 | 13 | 12 | 12 | 12
Shares under scheme | 70,290 | 69,890 | 62,356 | 60,899 | 60,626
Vesting period | 3 years | 3 years | 3 years | 3 years | 3 years
Probability of vesting | 71.5% | 70.8% | 73.1% | 73.5% | 74.1%
Fair value | 2,473.9p | 2,513.4p | 3,842.1p | 4,084.4p | 6,048.9p


Question: What was the number of employees under the 2015 Grant?
Answer: 15
Cost of Revenue, Gross Profit, and Gross Margin
Cost of revenue increased $4.9 million, or 3%, in 2019 as compared to 2018. The increase in cost of revenue was primarily due to $12.1 million in increased personnel expenses, stock-based compensation, and overhead costs, $3.9 million in increased content costs, $3.6 million in increased amortization of acquired intangible assets, and $1.6 million in increased capitalized software amortization. These increased costs were partially offset by $16.4 million in decreased external implementation professional service costs. These costs were incurred to service our existing customers and support our continued growth. The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin.
Cost of revenue increased $1.5 million, or 1%, in 2018 as compared to 2017. The increase in cost of revenue was primarily due to $6.0 million in increased capitalized software amortization and $4.5 million in increased content costs. These increased costs were partially offset by $6.6 million in decreased amortization of acquired intangible assets and $2.9 million in external implementation service costs. These costs were incurred to service our existing customers and support our continued growth. The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (dollars in thousands) | 
Cost of revenue | $149,215 | $144,349 | $142,867
Gross profit | $427,308 | $393,542 | $339,118
Gross margin | 74.1% | 73.2% | 70.4%


Question: What was the gross profit in 2019?
Answer: $427,308
Note 3. Revenue from Contracts with Customers
Contract Assets
Our contract assets consist of capitalized commission costs and upfront payments made to customers. The current portion of capitalized commission costs and upfront payments made to customers are included in other current assets within our consolidated balance sheets. The non-current portion of capitalized commission costs and upfront payments made to customers are reflected in other assets within our consolidated balance sheets. Our amortization of contract assets during the years ended December 31, 2019 and 2018 were $2.4 million and $2.0 million, respectively. There were no amortized commission costs during the year ended December 31, 2017.
We review the capitalized costs for impairment at least annually. Impairment exists if the carrying amount of the asset recognized from contract costs exceeds the remaining amount of consideration we expect to receive in exchange for providing the goods and services to which such asset relates, less the costs that relate directly to providing those good and services and that have not been recognized as an expense. We did not record an impairment loss on our contract assets during the years ended December 31, 2019, 2018 and 2017.
The changes in our contract assets are as follows (in thousands):
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
Beginning of period balance | $2,881 | $—
Commission costs and upfront payments to a customer capitalized in period | 4,141 | 4,864
Amortization of contract assets | (2,444) | (1,983)
End of period balance | $4,578 | $2,881


Question: What does the company's contract assets consist of?
Answer: capitalized commission costs and upfront payments made to customers.
Selected Financial Data
• Significant events affecting our historical earnings trends in 2018 through 2019 are described in “Special Items” in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section.
• 2017 data includes severance, pension and benefit charges, gain on spectrum license transactions, acquisition and integration related charges, product realignment charges, net gain on sale of divested businesses and early debt redemption costs. 2016 data includes severance, pension and benefit charges, gain on spectrum license transactions, net gain on sale of divested businesses and early debt redemption costs. 2015 data includes severance, pension and benefit credits and gain on spectrum license transactions.
• On January 1, 2019, we adopted several Accounting Standards Updates (ASUs) that were issued by the Financial Accounting Standards Board (FASB) using the modified retrospective basis. On January 1, 2018, we adopted several ASUs that were issued by the FASB. These standards were adopted on different bases, including: (1) prospective; (2) full retrospective; and (3) modified retrospective.
Based on the method of adoption, certain figures are not comparable, with full retrospective reflected in all periods. See Note 1 to the consolidated financial statements for additional information.
Table:
 |  |  |  | (dollars in millions, except per share amounts) | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Results of Operations |  |  |  |  | 
Operating revenues | $131,868 | $130,863 | $ 126,034 | $ 125,980 | $ 131,620
Operating income | 30,378 | 22,278 | 27,425 | 29,249 | 30,615
Net income attributable to Verizon | 19,265 | 15,528 | 30,101 | 13,127 | 17,879
Per common share – basic | 4.66 | 3.76 | 7.37 | 3.22 | 4.38
Per common share – diluted | 4.65 | 3.76 | 7.36 | 3.21 | 4.37
Cash dividends declared per common share | 2.435 | 2.385 | 2.335 | 2.285 | 2.230
Net income attributable to noncontrolling interests | 523 | 511 | 449 | 481 | 496
Financial Position |  |  |  |  | 
Total assets | $ 291,727 | $ 264,829 | $ 257,143 | $ 244,180 | $ 244,175
Debt maturing within one year | 10,777 | 7,190 | 3,453 | 2,645 | 6,489
Long-term debt | 100,712 | 105,873 | 113,642 | 105,433 | 103,240
Employee benefit obligations | 17,952 | 18,599 | 22,112 | 26,166 | 29,957
Noncontrolling interests | 1,440 | 1,565 | 1,591 | 1,508 | 1,414
Equity attributable to Verizon | 61,395 | 53,145 | 43,096 | 22,524 | 16,428


Question: What was the Per common share – basic in 2019?
Answer: 4.66
Consolidated Revenues
Consolidated revenues increased $1.0 billion, or 0.8%, during 2019 compared to 2018, primarily due to an increase in revenues at our Consumer segment, partially offset by decreases in revenues at our Business segment and Corporate and other.
Revenues for our segments are discussed separately below under the heading “Segment Results of Operations.”
Corporate and other revenues decreased $124 million, or 1.2%, during 2019 compared to 2018, primarily due to a decrease of $232 million in revenues within Verizon Media.
Table:
 |  |  | (dollars in millions) Increase/(Decrease) | 
Years Ended December 31, | 2019 | 2018 | 2019 vs. 2018 | 
Consumer | $ 91,056 | $ 89,762 | $ 1,294 | 1.4%
Business  | 31,443 | 31,534 | (91) | (0.3)
Corporate and other  | 9,812 | 9,936 | (124) | (1.2)
Eliminations  | (443) | (369) | (74) | 20.1
Consolidated Revenues | $131,868 | $130,863 | $ 1,005 | 0.8


Question: What was the average corporate segment revenue and other segment revenue for 2018 and 2019?
Answer: 9874
Calculation: (9,812 + 9,936) / 2
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively . this performance graph and the related textual information are based on historical data and are not indicative of future performance . the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2006 and ending december 31 , 2011 . our peer group consists of the following nine companies that are engaged in refining operations in the u.s. : alon usa energy , inc. ; chevron corporation ; cvr energy , inc. ; exxon mobil corporation ; hess corporation ; hollyfrontier corporation ; marathon petroleum corporation ; tesoro corporation ; and western refining , inc . our peer group previously included conocophillips ; marathon oil corporation ; murphy oil corporation ; and sunoco , inc. , but they are not included in our current peer group because they have exited or are exiting refining operations in the u.s . frontier oil corporation and holly corporation are now represented in our peer group as hollyfrontier corporation. .

Table:
 | 12/2006 | 12/2007 | 12/2008 | 12/2009 | 12/2010 | 12/2011
valero common stock | $ 100.00 | $ 137.91 | $ 43.38 | $ 34.60 | $ 48.28 | $ 44.49
s&p 500 | 100.00 | 105.49 | 66.46 | 84.05 | 96.71 | 98.75
old peer group | 100.00 | 127.94 | 98.91 | 94.54 | 112.51 | 130.65
new peer group | 100.00 | 127.92 | 103.60 | 97.91 | 113.09 | 133.47
1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2006 .
201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2006 through december 31 , 2011. .

Question: what was the range for valero stock from 2007-2011?
Answer: 103.31
Calculation: subtract(137.91, 34.60)
Property and equipment consisted of the following:
Depreciation and amortization expense related to property and equipment was $86.5 million, $97.4 million and $88.8 million during 2019, 2018 and 2017, respectively.
Property and Equipment
Property and equipment is stated at cost. Depreciation is recorded over the shorter of the estimated useful life or the lease term of the applicable assets using the straight-line method beginning on the date an asset is placed in service. We regularly evaluate the estimated remaining useful lives of our property and equipment to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense as incurred.
Table:
 | Estimated Useful Lives | December 31, | 
 |  | 2019 | 2018
Computer equipment | 3 years | $ 434.8 | $ 417.6
Software | 3 years | 55.9 | 40.5
Land | Indefinite | 9.0 | 9.0
Buildings, including improvements | 5-40 years | 145.5 | 175.0
Leasehold improvements | Lesser of useful life or remaining lease term | 99.4 | 70.8
Other | 1-20 years | 25.7 | 27.0
Total property and equipment |  | 770.3 | 739.9
Less: accumulated depreciation and amortization |  | (511.7) | (440.9)
Property and equipment, net |  | $ 258.6 | $ 299.0


Question: What is the useful life of land?
Answer: Indefinite
NOTE 7 – LEASING
TORM has leases for the office buildings, some vehicles and other administrative equipment. With the exception of short-term leases and leases of low-value assets, each lease is reflected on the balance sheet as a right-of-use asset with a corresponding lease liability. The right-of-use assets are included in the financial statement line item in which the corresponding underlying assets would be presented if they were owned. Please refer to note 6.
As of 31 December 2019, TORM had recognized the following right-of-use assets:
Table:
USDm | Vessels and capitalized dry-docking | Land and buildings | Other plant and operating equipment
Cost: |  |  | 
Balance as of 1 January | 43.3 | - | -
Adjustment on transition to IFRS 16 | - | 9.9 | 0.3
Additions | 1.8 | 0.5 | 0.4
Disposals | -2.7 | - | -0.1
Balance as of 31 December | 42.4 | 10.4 | 0.6
Depreciation: |  |  | 
Balance as of 1 January | 13.4 | - | -
Disposals | -2.7 | - | -
Depreciation for the year | 4.8 | 2.3 | 0.2
Balance as of 31 December | 15.5 | 2.3 | 0.2
Carrying amount as of 31 December | 26.9 | 8.1 | 0.4


Question: What was the change in the depreciation balance as of 31 December from 1 January in 2019 for vessels and capitalized dry-docking?
Answer: 2.1
Calculation: 15.5-13.4
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
ADTRAN’s common stock is traded on the NASDAQ Global Select Market under the symbol ADTN. As of February 19, 2020, ADTRAN had 163 stockholders of record and approximately 6,972 beneficial owners of shares held in street name. The following table shows the high and low closing prices per share for our common stock as reported by NASDAQ for the periods indicated.
Table:
COMMON STOCK PRICES |  |  |  | 
2019 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter
High | $15.40 | $17.81 | $16.40 | $11.59
Low | $10.49 | $13.76 | $ 9.92 | $ 8.09


Question: What was the percentage change in the high closing price between the third and fourth quarter in 2019?
Answer: -29.33
Calculation: ($11.59-$16.40)/$16.40
Contractual Obligations and Commercial Commitments
We lease office space and equipment under operating leases that run through October 2028. Additionally, we have entered into a Credit Agreement that matures in April 2024 and have issued Senior Notes that mature in August 2026.
Contractual obligations as of December 31, 2019, are as follows (in thousands):
(1) Based on the Term Loans debt outstanding and interest rate in effect at December 31, 2019, of 4.05%.
(2) Based on Revolving Credit Facility debt outstanding and interest rate in effect at December 31, 2019, of 3.99%.
(3) Based on 2026 Notes issued of $400.0 million with an annual interest rate of 5.750%.
(4) During the year ended December 31, 2019, we financed certain multi-year license agreements for internal-use software for $10.4 million with annual payments through April 1, 2022. As of December 31, 2019, $13.8 million is outstanding under these and other agreements previously entered into, of which $6.0 million and $7.8 million is included in other current liabilities and other noncurrent liabilities, respectively, in our Consolidated Balance Sheet in Part IV, Item 15 of this Form 10-K as of December 31, 2019.
We are unable to reasonably estimate the ultimate amount or timing of settlement of our reserves for income taxes under ASC 740, Income Taxes. The liability for unrecognized tax benefits at December 31, 2019, is $29.0 million.
Table:
 |  |  | Payments Due by Period |  | 
 | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
Operating lease obligations | $ 70,284 | $ 17,180 | $ 23,116 | $ 12,738 | $ 17,250
Term loans | 756,060 | 38,950 | 89,381 | 627,729 | —
Term loans interest (1) | 117,168 | 30,025 | 55,232 | 31,911 | —
Revolving credit facility | 239,000 | — | — | 239,000 | —
Revolving credit facility interest (2) | 40,528 | 9,536 | 19,072 | 11,920 | —
Senior notes | 400,000 | — | — | — | 400,000
Senior notes interest (3) | 149,500 | 23,000 | 46,000 | 46,000 | 34,500
Financed internal-use software (4) | 13,822 | 5,974 | 7,848 | — | —
Total | $1,786,362 | $124,665 | $240,649 | $969,298 | $451,750


Question: What were the term loans based on?
Answer: the Term Loans debt outstanding and interest rate in effect at December 31, 2019, of 4.05%.
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock trades on The Nasdaq Stock Market under the symbol ZIXI. The table below shows the high and low sales prices by quarter for fiscal 2019 and 2018.
At March 4, 2020, there were 55,641,885 shares of common stock outstanding held by 399 shareholders of record. On that date, the last reported sales price of the common stock was $8.27.
We have not paid any cash dividends on our common stock and do not anticipate doing so in the foreseeable future.
For information regarding options and stock-based compensation awards outstanding and available for future grants, see “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”
Table:
 | 2019 |  | 2018 | 
Quarter Ended | High | Low | High | Low
March 31 | $ 9.07 | $ 5.34 | $ 4.75 | $ 3.82
June 30 | $ 11.15 | $ 6.66 | $ 5.62 | $ 4.25
September 30 | $ 10.51 | $ 6.91 | $ 5.93 | $ 4.91
December 31 | $ 7.75 | $ 6.25 | $ 7.09 | $ 4.66


Question: What was the high and low value for ZIXI for the quarter ended March 31 2019?
Answer: 9.07, 5.34