Source document: acacia-communications-inc_2019

Question: When did the company adopt ASC 606?
Facts: January 1, 2018
Answer: January 1, 2018

Question: What is the company's five step approach?
Facts: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when a performance obligation is satisfied.
Answer: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when a performance obligation is satisfied.

Question: What is excluded when calculating revenue?
Facts: Taxes collected on behalf of customers relating to product sales and remitted to governmental authorities, principally sales taxes
Answer: Taxes collected on behalf of customers relating to product sales and remitted to governmental authorities, principally sales taxes

Question: What is the total deferred revenue at the end of the period?
Facts: 3,444; 4,483
Derivation: 4,483+3,444
Answer: 7927 thousand

Question: What is the ratio of current deferred revenue to non-current deferred revenue as of end of period?
Facts: 3,444; 4,483
Derivation: 4,483/3,444
Answer: 1.3

Question: What is the total accounts receivables at end of period for year 2018 and 2019?
Facts: 90,831; 97,948
Derivation: $90,831+$97,948
Answer: 188779 thousand

Question: What is Fair Value based on?
Facts: Fair value is determined based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, as determined by either the principal market or the most advantageous market.
Answer: Fair value is determined based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, as determined by either the principal market or the most advantageous market.

Question: What is considered to be a cash equivalent?
Facts: highly liquid investments purchased with an original maturity of three months or less
Answer: highly liquid investments purchased with an original maturity of three months or less

Question: What does the Company's investments consist of?
Facts: money market funds, U.S. treasury bonds, commercial paper, certificates of deposit, asset-backed securities and corporate debt securities
Answer: money market funds, U.S. treasury bonds, commercial paper, certificates of deposit, asset-backed securities and corporate debt securities

Question: What proportion of level 2 inputs is made up of money market funds? 
Facts: 2,010; 442,262
Derivation: 2,010/442,262
Answer: 0.45 percent

Question: Which component is the greatest in the total fair value?
Facts: Corporate Debt Securities
Derivation: 181,079>116,835>73,499>44,300>24,539>2,010
Answer: Corporate Debt Securities

Question: What proportion of Total FairValue is made up of  level 2 inputs?
Facts: 442,262
Derivation: 442,262/442,262
Answer: 1

Question: What happened on April 30, 2018?
Facts: Board of Directors authorized a stock repurchase program for the repurchase of up to $60.0 million of our common stock
Answer: Board of Directors authorized a stock repurchase program for the repurchase of up to $60.0 million of our common stock million

Question: How much was used to repurchase shares in 2018?
Facts: $39.7
Answer: $39.7 million

Question: What are the 3 factors that affect future capital requirement?
Facts: rate of revenue growth, the timing and extent of spending on research and development efforts and other business initiatives, purchases of capital equipment to support our growth, the expansion of sales and marketing activities, any expansion of our business through acquisitions of or investments in complementary products, technologies or businesses, the use of working capital to purchase additional inventory, the timing of new product introductions, market acceptance of our products and overall economic conditions.
Answer: rate of revenue growth, the timing and extent of spending on research and development efforts and other business initiatives, purchases of capital equipment to support our growth, the expansion of sales and marketing activities, any expansion of our business through acquisitions of or investments in complementary products, technologies or businesses, the use of working capital to purchase additional inventory, the timing of new product introductions, market acceptance of our products and overall economic conditions.

Question: What is the percentage increase in marketable securities from 2018 to 2019? 
Facts: 339,424; 434,761
Derivation: (434,761-339,424)/339,424 
Answer: 28.09 percent

Question: What is the percentage increase in working capital from 2017 to 2019?
Facts: 361,621; 368,912
Derivation: (368,912-361,621)/361,621
Answer: 2.02 percent

Question: What is the value of stock repurchase program for 2018?
Facts: 60.0
Answer: 60.0 million

Question: What is the average Cash and cash equivalents between 2017 to 2019?
Facts: 36,617; 60,444; 67,495
Derivation: ($36,617+$60,444+$67,495)/3
Answer: 54852 thousand

Question: What are operating segments?
Facts: Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance.
Answer: Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance.

Question: Who evaluates the Company's financial information for the purpose of resource allocation and performance assessment?
Facts: The Company’s CODM; chief operating decision maker (“CODM”)
Answer: The Company’s CODM; chief operating decision maker (“CODM”)

Question: What is revenue by geographic country based on?
Facts: ship-to destinations
Answer: ship-to destinations

Question: What is the proportion of revenue by US in the total revenue in 2019? 
Facts: 464,663; 70,702
Derivation: 70,702/464,663
Answer: 0.15

Question: What is the percentage increase in revenue by China from 2018 to 2019?
Facts: 159,637; 98,906
Derivation: (159,637-98,906)/98,906
Answer: 61.4 percent

Question: What is the total revenue in Thailand between 2017 to 2019?
Facts: 48,016; 68,217; 82,413
Derivation: 82,413+68,217+48,016
Answer: 198646 thousand