Source document: proofpoint_2019

Question: According to the information, who is Cloudmark?
Facts: a leader in messaging security and threat intelligence for internet service providers and mobile carriers worldwide
Answer: a leader in messaging security and threat intelligence for internet service providers and mobile carriers worldwide

Question: How will this acquisition benefit Proofpoint?
Facts: increased messaging threat intelligence from the analysis of billions of daily emails, malicious domain intelligence, and visibility into fraudulent and malicious SMS messages directed to mobile carriers worldwide
Answer: increased messaging threat intelligence from the analysis of billions of daily emails, malicious domain intelligence, and visibility into fraudulent and malicious SMS messages directed to mobile carriers worldwide

Question: How long is the estimated useful life for the Goodwill?
Facts: Indefinite
Answer: Indefinite

Question: What is the difference in fair value between current assets and fixed assets?
Facts: 37,390; 543
Derivation: $37,390 - 543
Answer: 36847 thousand

Question: What is the average fair value of Order backlog?
Facts: 1; 1,400
Derivation: 1,400 / 1
Answer: 1400 thousand

Question: What is the total fair value of all the liabilities assumed?
Facts: 15,400; 4,422; 7,905
Derivation: 4,422 + 15,400 + 7,905
Answer: 27727 thousand

Question: What is the amount of net cash acquired at the WebLife Acquisition Date?
Facts: $278
Answer: $278 thousand

Question: Under what conditions were the deferred shares subjected to forfeiture?
Facts: If employment terminates prior to the lapse of the restrictions, and their fair value is expensed as stock-based compensation expense over the remaining period
Answer: If employment terminates prior to the lapse of the restrictions, and their fair value is expensed as stock-based compensation expense over the remaining period

Question: What is the amount of Goodwill in fair value?
Facts: 36,514
Answer: 36,514 thousand

Question: What is the difference in fair value between current assets and fixed assets?
Facts: 23; 534
Derivation: $534 - 23
Answer: 511 thousand

Question: What is the average fair value of Core/developed technology?
Facts: 16,600; 5
Derivation: 16,600 / 5
Answer: 3320 thousand

Question: What is the total fair value of all tangible assets?
Facts: 23; 534
Derivation: $534 + 23
Answer: 557 thousand

Question: In what aspects is Proofpoint trying to achieve savings in?
Facts: corporate overhead costs for the combined entities
Answer: corporate overhead costs for the combined entities

Question: Under what conditions will the deferred shares be subjected to forfeiture?
Facts: If employment terminates prior to the lapse of the restrictions, and their fair value is expensed as stock-based compensation expense over the remaining service period
Answer: If employment terminates prior to the lapse of the restrictions, and their fair value is expensed as stock-based compensation expense over the remaining service period

Question: How long is the estimated useful life for the Goodwill?
Facts: Indefinite
Answer: Indefinite

Question: What is the difference in estimated fair value between current assets and fixed assets?
Facts: 23,344; 954
Derivation: $23,344 - 954
Answer: 22390 thousand

Question: What is the average estimated fair value of Customer relationships?
Facts: 37,800; 7
Derivation: 37,800 / 7
Answer: 5400 thousand

Question: What is the total estimated fair value of all assets?
Facts: 2,400; 23,344; 35,200; 37,800; 6,800; 954
Derivation: $23,344 + 954 + 37,800 + 6,800 + 35,200 + 2,400
Answer: 106498 thousand

Question: What method was used to value the acquired developed technology asset? 
Facts: Cost to Recreate Method
Answer: Cost to Recreate Method

Question: Which subject has the highest estimated useful life?
Facts: Goodwill
Answer: Goodwill

Question: What was the deferred cash consideration and deferred shares subjected to?
Facts: forfeiture if employment terminates prior to the lapse of the restrictions, and their fair value is expensed as compensation and stock-based compensation expense over the three-year vesting period
Answer: forfeiture if employment terminates prior to the lapse of the restrictions, and their fair value is expensed as compensation and stock-based compensation expense over the three-year vesting period

Question: What is the difference in estimated fair value between current assets and fixed assets?
Facts: 356; 68
Derivation: $356 - 68
Answer: 288 thousand

Question: What is the average estimated fair value of Core/developed technology?
Facts: 21,000; 3
Derivation: 21,000 / 3
Answer: 7000 thousand

Question: What is the total estimated fair value of all assets?
Facts: 21,000; 356; 68
Derivation: $356 + 68 + 21,000
Answer: 21424 thousand

Question: How did Proofpoint Inc make it easier for enterprises to accurately control employees and contractor access to on-premises, cloud and consumer application?  
Facts: combining Meta Networks’ innovative zero trust network access technology with the Company’s people-centric security capabilities
Answer: combining Meta Networks’ innovative zero trust network access technology with the Company’s people-centric security capabilities

Question: What method was used to value the acquired technology, in-process research and development assests? 
Facts: Discounted Cash Flow Method
Answer: Discounted Cash Flow Method

Question: Which subject has the highest estimated useful life?
Facts: Goodwill
Answer: Goodwill

Question: What is the difference in estimated fair value between current assets and fixed assets?
Facts: 10,603; 2,132
Derivation: $10,603 - 2,132
Answer: 8471 thousand

Question: What is the average estimated fair value of Customer relationships?
Facts: 15,800; 5
Derivation: 15,800 / 5
Answer: 3160 thousand

Question: What is the total estimated fair value of all assets?
Facts: 1,300; 10,603; 15,800; 2,132; 2,669; 20,600; 35,400; 400; 652
Derivation: $10,603 + 2,132 + 2,669 + 652 + 15,800 + 1,300 + 35,400 + 400 + 20,600
Answer: 89556 thousand

Question: When is revenue being recognised by the company?
Facts: when control of the services or products are transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products
Answer: when control of the services or products are transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products

Question: What method is used to measure the progression of how the company transfer its control?
Facts: time-elapsed method
Answer: time-elapsed method

Question: What does support revenue consists of? 
Facts: ongoing security updates, upgrades, bug fixes, and maintenance
Answer: ongoing security updates, upgrades, bug fixes, and maintenance

Question: What percentage is the total revenue is from Hardware and services in year 2019?
Facts: 13,184; 888,190
Derivation: 13,184 / 888,190
Answer: 1.48 percent

Question: How many percent did the revenue increase from the year 2017 to 2018?
Facts: 519,681; 716,994
Derivation: (716,994 - 519,681) /519,681
Answer: 37.97 percent

Question: How much did Subscription service revenue increase from the year 2018 to 2019?
Facts: 681,138; 849,267
Derivation: 849,267 - 681,138
Answer: 168129 thousand

Question: What is the expected life (in years) of the option component of the ESPP shares in each of the years ended December 31, 2019?
Facts: 0.5
Answer: 0.5; 0.5; 0.5

Question: What is the number of shares issued in the years ended December 31, 2017 to 2019 respectively?
Facts: $73.02; $77.02; $86.51
Answer: $73.02; $77.02; $86.51

Question: What is the total unamortized compensation cost related to employee purchases under the ESPP the company expects to recognise as of December 31, 2019?
Facts: $3,531
Answer: $3,531

Question: What is the percentage change in the total unamortized compensation cost related to employee purchases under the ESPP the company expects to recognise between 2018 and 2019?
Facts: 77.02; 86.51
Derivation: (86.51 - 77.02)/77.02 
Answer: 12.32 percent

Question: What is the total shares issued under the ESPP between December 2017 to 2019?
Facts: 183; 231; 266
Derivation: 266 + 231 + 183 
Answer: 680

Question: What is the average volatility of the fair value of the option component of the ESPP shares as at December 31, 2019?
Facts: 2; 36; 37
Derivation: (36% + 37%)/2 
Answer: 36.5 percent