Source document: ringcentral_2019

Question: What do purchase obligations represent?
Facts: an estimate of open purchase orders and contractual obligations in the normal course of business for which we have not received the goods or services as of December 31, 2019
Answer: an estimate of open purchase orders and contractual obligations in the normal course of business for which we have not received the goods or services as of December 31, 2019

Question: What are the respective values of the company's operating lease and financing obligations that are between 1 to 3 years?
Facts: 19,812; 5,912
Answer: 19,812; 5,912 thousand

Question: What are the respective values of the company's operating lease and financing obligations that are between 3 to 5 years?
Facts: 0; 6,551
Answer: 6,551; 0 thousand

Question: What is the company's total purchase obligations that are due within 5 years? 
Facts: 16,220; 55,755; 7,595
Derivation: 55,755 + 16,220 + 7,595 
Answer: 79570 thousand

Question: What is the value of the company's total financing obligations as a percentage of its total purchase obligations?
Facts: 8,868; 97,219
Derivation: 8,868/97,219 
Answer: 9.12 percent

Question: What is the company's total operating lease obligations that are due within 5 years? 
Facts: 16,164; 19,812; 5,883; 6,551
Derivation: 16,164 + 19,812 + 6,551 + 5,883 
Answer: 48410 thousand

Question: What is the respective net increase in the valuation allowance for the years ended December 31, 2019 and 2018?
Facts: $18.2 million; $86.0 million
Answer: $86.0 million; $18.2 million

Question: What are the respective net operating loss and credit carry-forwards for 2018 and 2019?
Facts: $109,812; $196,930
Answer: $109,812; $196,930 thousand

Question: What are the respective research and development credits in 2018 and 2019?
Facts: 16,380; 24,452
Answer: 16,380; 24,452 thousand

Question: What is the percentage change in the company's net operating loss and credit carry-forwards between 2018 and 2019?
Facts: 109,812; 196,930
Derivation: (196,930 - 109,812)/109,812 
Answer: 79.33 percent

Question: What is the percentage change in the company's sales tax liability between 2018 and 2019?
Facts: 157; 258
Derivation: (157 - 258)/258 
Answer: -39.15 percent

Question: What is the average share based compensation in 2018 and 2019?
Facts: 5,435; 5,937
Derivation: (5,937 + 5,435)/2
Answer: 5686 thousand

Question: What does Level 1 input in the fair value hierarchy refer to?
Facts: Observable inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities
Answer: Observable inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities

Question: What does Level 2 input in the fair value hierarchy refer to?
Facts: Other inputs, such as quoted prices for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability
Answer: Other inputs, such as quoted prices for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability

Question: What does Level 3 input in the fair value hierarchy refer to?
Facts: Unobservable inputs that are supported by little or no market activity and that are based on management’s assumptions
Answer: Unobservable inputs that are supported by little or no market activity and that are based on management’s assumptions

Question: What is the total fair value of money market funds and long-term investments at December 31, 2019?
Facts: 132,188; 297,311
Derivation: 297,311 + 132,188 
Answer: 429499 thousand

Question: What is the total value of money market funds in 2018 and 2019?
Facts: 297,311; 485,872
Derivation: 297,311 + 485,872 
Answer: 783183 thousand

Question: What is the percentage change in the company's money market funds between 2018 and 2019?
Facts: 297,311; 485,872
Derivation: (297,311 - 485,872)/485,872 
Answer: -38.81 percent

Question: What are the respective intrinsic value of options exercised in the year ended December 31, 2019 and 2018?
Facts: $215.5 million; $74.6 million
Answer: $215.5 million; $74.6 million

Question: What are the respective intrinsic value of options exercised in the year ended December 31, 2018 and 2017?
Facts: $41.2 million; $74.6 million
Answer: $74.6 million; $41.2 million

Question: What is the weighted average price per share of granted in 2017?
Facts: 23.99
Answer: 23.99

Question: What is the percentage change in the total intrinsic value of options exercised during year ended December 31, 2019 and 2018?
Facts: 215.5; 74.6
Derivation: (215.5 - 74.6)/74.6 
Answer: 188.87 percent

Question: What is the average total intrinsic value of options exercised during year ended December 31, 2017 to 2019?
Facts: 215.5; 41.2; 74.6
Derivation: (215.5 + 74.6 + 41.2)/3 
Answer: 110.43 million

Question: What is the percentage change in the number of outstanding options between December 31, 2016 and 2017?
Facts: 5,286; 7,384
Derivation: (5,286- 7,384)/ 7,384 
Answer: -28.41 percent

Question: What are the respective values of the cash and cash equivalents as of December 31, 2019 and 2018? 
Facts: $343.6 million; $566.3 million
Answer: $343.6 million; $566.3 million

Question: What are the respective net cash provided by operating activities between 2017 to 2019?
Facts: $41,165; $64,846; $72,130
Answer: $41,165; $72,130; $64,846 thousand

Question: What are the respective net cash used by financing activities between 2017 to 2019?
Facts: 397,255; 6,783; 9,042
Answer: 6,783; 397,255; 9,042 thousand

Question: What is the percentage change in the net cash provided by operating activities between 2017 and 2018?
Facts: 41,165; 72,130
Derivation: (72,130 - 41,165)/41,165 
Answer: 75.22 percent

Question: What is the percentage change in the net cash provided by operating activities between 2018 and 2019?
Facts: 64,846; 72,130
Derivation: (64,846 - 72,130)/72,130 
Answer: -10.1 percent

Question: What is the total net cash provided by financing activities between 2017 to 2019?
Facts: 397,255; 6,783; 9,042
Derivation: 6,783 + 397,255 + 9,042 
Answer: 413080 thousand

Question: What are the respective unrecognised tax benefits at the beginning of the year in 2017 and 2018?
Facts: $2,460; $3,004
Answer: $2,460; $3,004 thousand

Question: What are the respective unrecognised tax benefits at the beginning of the year in 2018 and 2019?
Facts: $3,004; $6,029
Answer: $3,004; $6,029 thousand

Question: What are the respective increases related to current year tax positions in 2017 and 2018?
Facts: 1,975; 547
Answer: 547; 1,975 thousand

Question: What is the percentage change in the unrecognized tax benefits, beginning of the year between 2017 and 2018?
Facts: 2,460; 3,004
Derivation: (3,004 - 2,460)/2,460 
Answer: 22.11 percent

Question: What is the percentage change in the unrecognized tax benefits at the beginning of the year between 2018 and 2019?
Facts: 3,004; 6,029
Derivation: (6,029 - 3,004)/3,004 
Answer: 100.7 percent

Question: What is the average increases related to current year tax positions between 2017 to 2019?
Facts: 1,975; 2,984; 547
Derivation: (2,984 + 1,975 + 547)/3 
Answer: 1835.33 thousand

Question: What are the respective drivers of the company's increased cost of revenue in 2019?
Facts: headcount and personnel and contractor related costs; infrastructure support costs; third-party costs to support our solution offerings
Answer: third-party costs to support our solution offerings; infrastructure support costs; headcount and personnel and contractor related costs

Question: What caused the increased in headcount and other expense?
Facts: investments in our infrastructure and capacity to improve the availability of our subscription offerings, while also supporting the growth in new customers and increased usage of our subscriptions by our existing customer base
Answer: investments in our infrastructure and capacity to improve the availability of our subscription offerings, while also supporting the growth in new customers and increased usage of our subscriptions by our existing customer base

Question: What are the factors influencing the cost of revenues and gross margins in 2019?
Facts: cost of product sales; increase in services personnel costs; overhead costs
Answer: increase in services personnel costs; cost of product sales; overhead costs

Question: What is the average cost of subscription between 2017 to 2019?
Facts: 109,454; 160,320; 89,193
Derivation: (89,193 + 109,454 + 160,320)/3 
Answer: 119655.67 thousand

Question: What is the value of the subscription costs as a percentage of the total cost of revenue in 2019?
Facts: 160,320; 231,043
Derivation: 160,320/231,043 
Answer: 69.39 percent

Question: What is the average total cost of revenue between 2017 to 2019?
Facts: 121,271; 157,129; 231,043
Derivation: (121,271 + 157,129 + 231,043)/3 
Answer: 169814.33 thousand

Question: How many years do the RSUs issued under the 2013 Plan generally vest over?
Facts: four years
Answer: four years

Question: As of December 31 2019 and 2018, what are the respective values of unrecognized share-based compensation expense, net of estimated forfeitures, related to RSUs?
Facts: $107.9 million; $198.3 million
Answer: $198.3 million; $107.9 million

Question: As of December 31, 2019 and 2018, what are the respective remaining weighted-average vesting periods of  unrecognized share-based compensation expense, net of estimated forfeitures, related to RSUs?
Facts: 2.3 years; 2.4 years
Answer: 2.3 years; 2.4 years

Question: What is the percentage change in outstanding RSUs between December 31, 2016 and December 31, 2017?
Facts: 3,554; 4,281
Derivation: (4,281 - 3,554)/3,554 
Answer: 20.46 percent

Question: What is the percentage change in outstanding RSUs between December 31, 2017 and December 31, 2018?
Facts: 3,561; 4,281
Derivation: (3,561 - 4,281)/4,281 
Answer: -16.82 percent

Question: What is the percentage of granted RSUs as a percentage of outstanding RSUs at December 2016?
Facts: 3,005; 3,554
Derivation: (3,005/3,554) 
Answer: 84.55 percent

Question: What are the respective weighted-average common shares for basic and diluted net loss per share in 2017 and 2018?
Facts: 76,281; 79,500
Answer: 76,281; 79,500 thousand

Question: What are the respective eighted-average common shares for basic and diluted net loss per share in 2018 and 2019?
Facts: 79,500; 83,130
Answer: 79,500; 83,130 thousand

Question: What are the respective basic and diluted net loss per share in 2017 and 2018?
Facts: (0.06); (0.33)
Answer: (0.06); (0.33)

Question: What is the change in the weighted-average common shares for basic and diluted net loss per share between 2017 and 2018?
Facts: 76,281; 79,500
Derivation: 79,500 - 76,281 
Answer: 3219 thousand

Question: What is the percentage change in the weighted-average common shares for basic and diluted net loss per share between 2017 and 2018?
Facts: 76,281; 79,500
Derivation: (79,500 - 76,281)/76,281 
Answer: 4.22 percent

Question: What is the percentage change in the weighted-average common shares for basic and diluted net loss per share between 2018 and 2019?
Facts: 79,500; 83,130
Derivation: (83,130 - 79,500)/79,500 
Answer: 4.57 percent

Question: When does each respective quarterly performance period end?
Facts: December 31; June 30; March 31; September 30
Answer: March 31; June 30; September 30; December 31

Question: How is net revenue defined?
Facts: gross sales less any pertinent discounts, refunds or other contra-revenue amounts, as presented on the Company’s press releases reporting its quarterly financial results.
Answer: gross sales less any pertinent discounts, refunds or other contra-revenue amounts, as presented on the Company’s press releases reporting its quarterly financial results.

Question: What are the respective operating margin performance goal in Q1 and Q2?
Facts: 8.1%; 8.3%
Answer: 8.1%; 8.3%

Question: What is the company's average revenue performance goal in the first two quarters of 2019?
Facts: 199.5; 211.7
Derivation: (199.5 + 211.7)/2 
Answer: 205.6 million

Question: What is the company's average revenue performance goal in the last two quarters of 2019?
Facts: 227.3; 243.2
Derivation: (227.3 + 243.2)/2 
Answer: 235.25 million

Question: What is the value of the company's Q1 revenue performance goal as a percentage of its Q2 performance goal?
Facts: 199.5; 211.7
Derivation: 199.5/211.7 
Answer: 94.24 percent

Question: What are the respective subscription revenue in 2017, 2018 and 2019?
Facts: $465,254; $612,888; $817,811
Answer: $465,254; $612,888; $817,811 thousand

Question: What are the respective other revenue in 2017, 2018 and 2019?
Facts: 38,363; 60,736; 85,047
Answer: 38,363; 60,736; 85,047 thousand

Question: What are the respective total revenue in 2017, 2018 and 2019?
Facts: 503,617; 673,624; 902,858
Answer: 503,617; 673,624; 902,858 thousand

Question: What is the percentage change in subscription revenue between 2017 and 2018?
Facts: 465,254; 612,888
Derivation: (612,888 - 465,254)/465,254 
Answer: 31.73 percent

Question: What is the percentage change in total revenue between 2017 and 2018?
Facts: 503,617; 673,624
Derivation: (673,624 - 503,617)/503,617 
Answer: 33.76 percent

Question: What is the average other cost between 2017 to 2019?
Facts: 32,078; 47,675; 70,723
Derivation: (70,723 + 47,675 + 32,078)/3 
Answer: 50158.67 thousand

Question: As of December 31, 2019 and 2018, what are the respective number of unrecognized share-based compensation expense, net of estimated forfeitures, related to ESPP?
Facts: $1.5 million; $2.3 million
Answer: $2.3 million; $1.5 million

Question: What are the respective expected volatility of ESPP rights for the year ended December 31, 2019 and 2018?
Facts: 42%; 47%
Answer: 47%; 42%

Question: What are the respective expected volatility of ESPP rights for the year ended December 31, 2018 and 2017?
Facts: 34%; 42%
Answer: 42%; 34%

Question: What is the percentage change in the offering grant date fair value of ESPP rights between 2017 and 2018?
Facts: 18.07; 9.52
Derivation: (18.07 - 9.52)/9.52 
Answer: 89.81 percent

Question: What is the percentage change in the offering grant date fair value of ESPP rights between 2018 and 2019?
Facts: 18.07; 33.66
Derivation: (33.66 - 18.07)/18.07 
Answer: 86.28 percent

Question: What is the average offering grant date fair value of ESPP rights between 2017 to 2019?
Facts: 18.07; 33.66; 9.52
Derivation: (33.66 + 18.07 + 9.52)/3 
Answer: 20.42

Question: What are the respective share-based compensation for cost of revenues in 2018 and 2019?
Facts: $4,982; $8,741
Answer: $4,982; $8,741 thousand

Question: What are the respective share-based compensation for research and development in 2018 and 2019?
Facts: 14,975; 23,132
Answer: 14,975; 23,132 thousand

Question: What are the respective share-based compensation for sales and marketing in 2018 and 2019?
Facts: 27,324; 38,325
Answer: 27,324; 38,325 thousand

Question: What is the percentage change in share-based compensation for research and development between 2018 and 2019?
Facts: 14,975; 23,132
Derivation: (23,132 - 14,975)/14,975 
Answer: 54.47 percent

Question: What is the percentage change in share-based compensation for sales and marketing between 2018 and 2019?
Facts: 20,807; 31,156
Derivation: (31,156 - 20,807)/20,807 
Answer: 49.74 percent

Question: What is the average share-based compensation expense spent on sales and marketing per year between 2017 to 2019?
Facts: 16,015; 27,324; 38,325
Derivation: (38,325 + 27,324 + 16,015)/3 
Answer: 27221.33 thousand

Question: What are the respective percentage of subscription revenue derived in the years ended December 2017 and 2018?
Facts: 84%; 88%
Answer: 84%; 88%

Question: What are the respective percentage of subscription revenue derived in the years ended December 2018 and 2019?
Facts: 88%; over 90%
Answer: 88%; over 90%

Question: What are the respective percentage of total revenue earned from North America in 2018 and 2019?
Facts: 93%; 95%
Answer: 95%; 93%

Question: What is the change in percentage of total revenue earned in North America between 2017 and 2018?
Facts: 95; 96
Derivation: 95-96
Answer: -1 percent

Question: What is the change in percentage of total revenue earned in North America between 2018 and 2019?
Facts: 93; 95
Derivation: 93-95
Answer: -2 percent

Question: What is the average percentage of revenue earned in North America between 2017 to 2019?
Facts: 93; 95; 96
Derivation: (93 + 95 +96)/3 
Answer: 94.67 percent