Source document: fitbit-inc_2019

Question: What is the Company's valuation allowance against its U.S deferred tax assets as of December 31, 2019?
Facts: $191.7 million
Answer: $191.7 million

Question: What is the Company's valuation allowance against certain of its foreign deferred tax assets as of December 31, 2019?
Facts: $52.9 million
Answer: $52.9 million

Question: When did the Ninth Circuit Court of Appeals deny the plaintiff's request for an en banc rehearing?
Facts: November 12, 2019
Answer: November 12, 2019

Question: What is the difference in net deferred tax assets between 2018 and 2019?
Facts: 3,851; 4,317
Derivation: 4,317-3,851
Answer: 466 thousand

Question: What is the percentage change of net operating losses and credits from 2018 to 2019?
Facts: 113,475; 61,494
Derivation: (113,475-61,494)/61,494
Answer: 84.53 percent

Question: What is the average inventory for 2018 and 2019?
Facts: 429; 911
Derivation: (429+911)/2
Answer: 670 thousand

Question: What is the amount of revenue in the United Kingdom in 2019?
Facts: $159.9 million
Answer: $159.9 million

Question: What is the value of long-lived assets located outside the United States as of December 31, 2018?
Facts: $36.9 million
Answer: $36.9 million

Question: What is the percentage constitution of revenue from the United States for 2019?
Facts: 56%
Answer: 56%

Question: What is the average revenue from the United States from 2017 to 2019?
Facts: 799,016; 880,534; 944,052
Derivation: (799,016+880,534+944,052)/3
Answer: 874534 thousand

Question: What is the percentage constitution of revenue from Asia Pacific among the total revenue in 2019?
Facts: 1,434,788; 130,326
Derivation: 130,326/1,434,788
Answer: 9.08 percent

Question: What is the difference in total revenue between 2017 and 2018?
Facts: 1,511,983; 1,615,519
Derivation: 1,615,519-1,511,983
Answer: 103536 thousand

Question: What is the expected dividend yield?
Facts: Zero
Answer: Zero

Question: What model is used to estimate the fair value of RSUs with market conditions?
Facts: Monte Carlo simulation model
Answer: Monte Carlo simulation model

Question: What is the weighted-average grant date fair value of stock options granted in 2017?
Facts: $2.00
Answer: $2.00

Question: What is the average cost of revenue from 2017-2019?
Facts: 5,312; 6,403; 7,312
Derivation: (6,403+7,312+5,312)/3
Answer: 6342.33 thousand

Question: What is the difference in research and development costs between 2018 and 2019?
Facts: 44,855; 57,188
Derivation: 57,188-44,855
Answer: 12333 thousand

Question: In 2019, what is the percentage constitution of sales and marketing costs among the total stock-based compensation expense?
Facts: 11,585; 77,739
Derivation: 11,585/77,739
Answer: 14.9 percent

Question: How does the company define free cash flows?
Facts: Net cash provided by (used in) operating activities less purchase of property and equipment
Answer: Net cash provided by (used in) operating activities less purchase of property and equipment

Question: When did the company adopt ASU 2016-09?
Facts: January 1, 2017
Answer: January 1, 2017

Question: What is the net cash provided by operating activities in 2015?
Facts: $141,257
Answer: $141,257 thousand

Question: What is the difference in the net cash provided by investing activities between 2018 and 2019?
Facts: 17,496; 25,761
Derivation: 25,761-17,496
Answer: 8265 thousand

Question: What is the average net cash provided by operating activities for 2016 and 2017?
Facts: 138,720; 64,241
Derivation: (64,241+138,720)/2
Answer: 101480.5 thousand

Question: What is the percentage change for net cash provided by financing activities from 2017 to 2018?
Facts: 1,287; 4,635
Derivation: (4,635-1,287)/4,635
Answer: 72.23 percent

Question: Why did the days sales outstanding in accounts receivable increased from 70 days to 74 days between 2018 and 2019?
Facts: Due to lower collections during the fourth quarter of 2019 compared to the fourth quarter of 2018.
Answer: Due to lower collections during the fourth quarter of 2019 compared to the fourth quarter of 2018.

Question: What factors led to net cash used in operating activities of $156.8 million in 2019?
Facts: Due to a net loss of $320.7 million, as well as an increase in net operating assets and liabilities of $3.3 million, partially offset by total non-cash adjustments of $167.2 million.
Answer: Due to a net loss of $320.7 million, as well as an increase in net operating assets and liabilities of $3.3 million, partially offset by total non-cash adjustments of $167.2 million.

Question: What was the net cash used in financing activities for 2019?
Facts: $8.4 million
Answer: $8.4 million

Question: What was the difference in net cash provided by operating activities between 2017 and 2018?
Facts: 113,207; 64,241
Derivation: 113,207-64,241
Answer: 48966 thousand

Question: What was the percentage change for the total net change in cash and cash equivalents from 2017 to 2018?
Facts: 131,990; 40,158
Derivation: (131,990-40,158)/40,158
Answer: 228.68 percent

Question: What is the average net cash provided by investing activities for 2018 and 2019?
Facts: 17,496; 25,761
Derivation: (25,761+17,496)/2
Answer: 21628.5 thousand

Question: What is the income tax expense for 2019?
Facts: $11.6 million
Answer: $11.6 million

Question: What are the years that have tax at federal statutory rate of 21.0%?
Facts: 2018; 2019
Answer: 2018; 2019

Question: What is the effective tax rate in 2017?
Facts: (42.4)%
Answer: (42.4)%

Question: What is the average tax at federal statutory rate from 2017-2019?
Facts: 21.0; 35.0
Derivation: (21.0+21.0+35.0)/3
Answer: 25.67 percent

Question: What is the difference in tax credits between 2018 and 2019?
Facts: 1.6; 6.3
Derivation: 6.3-1.6
Answer: 4.7 percent

Question: What is the average tax credits from 2017-2019?
Facts: 1.6; 4.1; 6.3
Derivation: (1.6+6.3+4.1)/3
Answer: 4 percent

Question: What is the fair value of the Company's Level 1 financial instruments based on?
Facts: Quoted market prices in active markets for identical instruments
Answer: Quoted market prices in active markets for identical instruments

Question: What inputs are used to remeasure derivative financial instruments at each reporting date?
Facts: Spot rates, forward rates, and discount rates.
Answer: Spot rates, forward rates, and discount rates.

Question: What is the total liabilities for all levels as of December 31, 2018?
Facts: $959
Answer: $959 thousand

Question: What is the difference in the total assets between Level 1 and Level 2 as of December 31, 2019?
Facts: 107,708; 284,501
Derivation: $284,501- $107,708
Answer: 176793 thousand

Question: What is the percentage constitution of money market funds among the total assets as of December 31, 2019?
Facts: 107,708; 392,209
Derivation: 107,708/392,209
Answer: 27.46 percent

Question: What is the average total liabilities for 2018 and 2019?
Facts: 2,637; 959
Derivation: (2,637+959)/2
Answer: 1798 thousand

Question: Under the company's policy, what is recorded as income tax expense?
Facts: Interest and penalties related to unrecognized tax benefits
Answer: Interest and penalties related to unrecognized tax benefits

Question: What is the amount related to interest and penalties as of December 31, 2018?
Facts: $3.1 million
Answer: $3.1 million

Question: At what years is the Company in the United States under examination by the Internal Revenue Service?
Facts: fiscal 2015 to 2017
Answer: fiscal 2015 to 2017

Question: What is the average additions based on tax positions related to prior year from 2017-2019?
Facts: 108; 263; 9,562
Derivation: (9,562+263+108)/3
Answer: 3311 thousand

Question: What is the difference in the balance at end of year between 2018 and 2019?
Facts: 41,198; 67,025
Derivation: 67,025-41,198
Answer: 25827 thousand

Question: What is the percentage change of additions based on tax positions related to current year from 2018 to 2019?
Facts: 11,860; 16,517
Derivation: (16,517-11,860)/11,860
Answer: 39.27 percent