trismik/FinRAG huggingface dataset:
the company believes that it is reasonably possible that a decrease of up to $ 8 million in gross unrecognized income tax benefits for federal , state and foreign exposure items may be necessary within the next 12 months due to lapse of statutes of limitations or uncertain tax positions being effectively settled .
the company believes that it is reasonably possible that a decrease of up to $ 14 million in gross unrecognized income tax benefits for foreign items may be necessary within the next 12 months due to payments .
for the remaining uncertain income tax positions , it is difficult at this time to estimate the timing of the resolution .
the company conducts business globally and , as a result , files income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions .
in the normal course of business , the company is subject to examination by taxing authorities throughout the world .
the following table summarizes the tax years that remain open for examination by tax authorities in the most significant jurisdictions in which the company operates: .

United States
2015-2017
India
2006-2018
Japan
2013-2017
United Kingdom
2017
Switzerland
2014-2017

in certain of the jurisdictions noted above , the company operates through more than one legal entity , each of which has different open years subject to examination .
the table above presents the open years subject to examination for the most material of the legal entities in each jurisdiction .
additionally , it is important to note that tax years are technically not closed until the statute of limitations in each jurisdiction expires .
in the jurisdictions noted above , the statute of limitations can extend beyond the open years subject to examination .
due to the geographic breadth of the company 2019s operations , numerous tax audits may be ongoing throughout the world at any point in time .
income tax liabilities are recorded based on estimates of additional income taxes that may be due upon the conclusion of these audits .
estimates of these income tax liabilities are made based upon prior experience and are updated in light of changes in facts and circumstances .
however , due to the uncertain and complex application of income tax regulations , it is possible that the ultimate resolution of audits may result in liabilities that could be materially different from these estimates .
in such an event , the company will record additional income tax expense or income tax benefit in the period in which such resolution occurs. .

Question: Analyse this data from a financial earnings document. what is the total value of expected decrease in gross unrecognized income tax benefits in the next 12 months , ( in millions ) ?
Choices:
1.6
22.0
16
0.6
20
Correct choice index: 1
Contract Balances
Timing of revenue recognition may differ from the timing of invoicing to customers. The Company records an accrued receivable when revenue is recognized prior to invoicing and the Company’s right to consideration only requires the passage of time, or deferred revenue when revenue is recognized subsequent to invoicing.
Total receivables represent amounts billed and amounts earned that are to be billed in the future (i.e., accrued receivables). Included in accrued receivables are services and SaaS and PaaS revenues earned in the current period but billed in the following period and amounts due under multi-year software license arrangements with extended payment terms for which the Company has an unconditional right to invoice and receive payment subsequent to invoicing.
Total receivables, net is comprised of the following (in thousands):
No customer accounted for more than 10% of the Company’s consolidated receivables balance as of December 31, 2019 and 2018.

December 31,
2019
2018
Billed receivables
$213,654
$239,275
Allowance for doubtful accounts
(5,149)
(3,912)
Billed receivables, net
208,505
235,363
Accrued receivables
399,302
336,858
Significant financing component
(35,569 )
(35,029 )
Total accrued receivables, net
363,733
301,829
Less: current accrued receivables
161,714
123,053
Less: current significant financing component
(11,022 )
(10,234 )
Total long-term accrued receivables, net
213,041
189,010
Total receivables, net
$572,238
$537,192


Question: Analyse this data from a financial earnings document. What was the change in billed receivables between 2018 and 2019?
Choices:
452929
-256
-5342106605
-323538
-25621
Correct choice index: 4
North America
North America net revenues increased $710,000 in 2019 compared to 2018 (see “Revenues” above). North America expenses decreased $2.2 million from 2018 to 2019 primarily due to a $1.7 million decrease in salary and employee related expenses, $742,000 decrease in professional service expenses, a $584,000 decrease in customer service costs and a $498,000 decrease in trade and brand marketing expenses, offset partially by a $1.2 million increase in member acquisition costs.

Year Ended December 31,
2019
2018
(In thousands)
Revenues
$68,024
$67,314
Income from operations
$12,491
$9,587
Income from operations as a % of revenues
18%
14%


Question: Analyse this data from a financial earnings document. What is the average amount of revenues for 2018 and 2019?
Choices:
61517
67314
67669
68024
0
Correct choice index: 2
2017 Acquisitions
Cloudmark, Inc
On November 21, 2017 (the “Cloudmark Acquisition Date”), pursuant to the terms of the merger agreement, the Company acquired all shares of Cloudmark, Inc. (“Cloudmark”), a leader in messaging security and threat intelligence for internet service providers and mobile carriers worldwide. As part of the acquisition, Cloudmark’s Global Threat Network was incorporated into Company’s cloud-based Nexus platform, which powers its email, social media, mobile, and SaaS security effectiveness. 

On November 21, 2017 (the “Cloudmark Acquisition Date”), pursuant to the terms of the merger agreement, the Company acquired all shares of Cloudmark, Inc. (“Cloudmark”), a leader in messaging security and threat intelligence for internet service providers and mobile carriers worldwide. As part of the acquisition, Cloudmark’s Global Threat Network was incorporated into Company’s cloud-based Nexus platform, which powers its email, social media, mobile, and SaaS security effectiveness.
The Company believes that with this acquisition, it will benefit from 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. The Company also expects to achieve savings in corporate overhead costs for the combined entities. These factors, among others, contributed to a purchase price in excess of the estimated fair value of acquired net identifiable assets and, as a result, goodwill was recorded in connection with the acquisition.
At the Cloudmark Acquisition Date, the consideration transferred was $107,283, net of cash acquired of $31,973.
Per the terms of the merger agreement, unvested stock options and unvested restricted stock units held by Cloudmark employees were canceled and exchanged for the Company’s unvested stock options and unvested restricted stock units, respectively. The fair value of $91 of these unvested awards was attributed to pre-combination services and included in consideration transferred. The fair value of $1,180 was allocated to post-combination
Proofpoint, Inc. Notes to Consolidated Financial Statements (Continued) (dollars and share amounts in thousands, except per share amounts)
services. The unvested awards are subject to the recipient’s continued service with the Company, and $1,180 is recognized ratably as stock-based compensation expense over the required remaining service period.
The following table summarizes the fair values of tangible assets acquired, liabilities assumed, intangible assets and goodwill:

Estimated
Useful Life
Fair value
(in years)
Current assets
$37,390
N/A
Fixed assets
543
N/A
Non-current assets
74
N/A
Liabilities
(4,422)
N/A
Deferred revenue
(15,400)
N/A
Customer relationships
15,300
8
Order backlog
1,400
1
Core/developed technology
18,500
4
Deferred tax liability, net
(7,905)
N/A
Goodwill
93,776
Indefinite
$139,256


Question: Analyse this data from a financial earnings document. What is the difference in fair value between current assets and fixed assets?
Choices:
52247
637
36847
37
69
Correct choice index: 2
(4) Goodwill, Customer Relationships and Other Intangible Assets
Goodwill, customer relationships and other intangible assets consisted of the following:
Our goodwill was derived from numerous acquisitions where the purchase price exceeded the fair value of the net assets acquired (including the acquisition described in Note 2—Acquisition of Level 3). As of December 31, 2019, the weighted average remaining useful lives of the intangible assets were approximately 8 years in total, approximately 9 years for customer relationships, 4 years for capitalized software and 3 years for trade names.
Total amortization expense for intangible assets for the years ended December 31, 2019, 2018 and 2017 was $1.7 billion, $1.8 billion and $1.2 billion, respectively. As of December 31, 2019, the gross carrying amount of goodwill, customer relationships, indefinite-life and other intangible assets was $44.0 billion.

As of December 31
2019
2018
(Dollars in million)
Goodwill
$21,534
28,031
Customer relationships, less accumulated amortization of $9,809 and $8,492
$7,596
8,911
Indefinite-life intangible assets
$269
269
Other intangible assets subject to amortization:
Capitalized software, less accumulated amortization of $2,957 and $2,616
$1,599
1,468
Trade names, less accumulated amortization of $91 and $61
103
131
Total other intangible assets, net
$1,971
1,868


Question: Analyse this data from a financial earnings document. What is the total amortization expense for intangible assets for 2017, 2018 and 2019?
Choices:
5.2
2.9
1602.5
2.4
4.7
Correct choice index: 4
Relative importance of the spend on pay
The following table shows the Group’s actual spend on pay for all employees compared to distributions to shareholders. The average number of employees has also been included for context. Revenue and Operating profit have also been disclosed as these are two key measures of Group performance.
1 2018 comparatives have been restated to reflect the adoption of IFRS 9, IFRS 15 and IFRS 16, and to include share buybacks.

2019
Restated 2018
£m
£m
% change
Employee costs (see note 7 to the consolidated financial statements)
56.0
54.5
3%
Average number of employees (see note 6 to the consolidated financial statements)
802
822
3%
Revenue (see Consolidated income statement)
355.1
330.1
8%
Operating profit
243.7
221.3
10%
Dividends paid and proposed and share buybacks (see notes 26 and 27 to the consolidated financial statements)
156.4
152.8¹
2%


Question: Analyse this data from a financial earnings document. What was the average operating profit in 2018 and 2019?
Choices:
113.6
465
232.5
0
1.4
Correct choice index: 2
Revenue
Revenue was $5,517.9 million and $5,878.3 million for 2019 and 2018, respectively. The decrease of $360.4 million, or 6.1% was primarily attributable to an 8.2%, 4.8% and 1.5% decrease in revenue in PSG, ASG and ISG, respectively, which is further explained below. Revenue by reportable segment for each were as follows (dollars in millions):
(1) Certain of the amounts may not total due to rounding of individual amounts.
Revenue from PSG
Revenue from PSG decreased by $249.9 million, or approximately 8%, which was due to a combination of a decrease in volume of products sold and a competitive pricing environment. The revenue in our Protection and Signal Division, Integrated Circuits Division, and High Power Division, decreased by $106.5 million, $96.6 million and $91.5 million, respectively. This was partially offset by an increase in revenue of $30.1 million and $15.0 million from our Foundry Services and Power Mosfet Division, respectively.
Revenue from ASG
Revenue from ASG decreased by $98.9 million, or approximately 5%, which was also due to a combination of a decrease in volume of products sold and a competitive pricing environment. The revenue in our Industrial and Offline Power Division and our Signal Processing, Wireless and Medical Division, decreased by $100.5 million and $56.4 million, respectively. This was partially offset by $84.8 million of revenue from Quantenna, which was acquired during 2019.
Revenue from ISG
Revenue from ISG decreased by $11.6 million, or 1.5%, which was due to a decrease in our Industrial Sensing Division revenue of $20.8 million, primarily due to decreased demand, which was partially offset by an increase in revenue in other divisions.

2019
As a % of Revenue (1)
2018
As a % of Revenue (1)
PSG
$ 2,788.3
50.5 %
$ 3,038.2
51.7 %
ASG
1,972.3
35.7 %
2,071.2
35.2 %
ISG
757.3
13.7 %
768.9
13.1 %
Total revenue
$ 5,517.9
$ 5,878.3


Question: Analyse this data from a financial earnings document. What is the average revenue from PSG for 2018 to 2019?
Choices:
1
5824.5
291325
2913.25
-5826.5
Correct choice index: 3
ACCOUNTING POLICY
Accounts receivable represent amounts owing to us that are currently due and collectible. We initially recognize accounts receivable on the date they originate. We measure accounts receivable initially at fair value, and subsequently at amortized cost, with changes recognized in net income. We measure an impairment loss for accounts receivable as the excess of the carrying amount over the present value of future cash flows we expect to derive from it, if any. The excess is allocated to an allowance for doubtful accounts and recognized as a loss in net income.
EXPLANATORY INFORMATION
We have retrospectively reclassified $23 million as at December 31, 2018 and January 1, 2019 related to our wireless financing programs from “accounts receivable” to “other current assets” as the collection time frame of the amounts differs from accounts receivable.

As at December 31
As at December 31
As at December 31
(In millions of dollars)
Note
2019
2018
Customer accounts receivable
1,579
1,529
Other accounts receivable
785
762
Allowance for doubtful accounts
15
(60)
(55)
Total accounts receivable
2,304
2,236


Question: Analyse this data from a financial earnings document. What is the increase/ (decrease) in Allowance for doubtful accounts from 2018 to 2019?
Choices:
5
-40
-115
65
-32
Correct choice index: 0
Net Loss Per Ordinary Share
The Company calculates basic and diluted net loss per ordinary share by dividing net loss by the weighted-average number of ordinary shares outstanding during the period. The Company has excluded other potentially dilutive shares, which include outstanding options to purchase ordinary shares and unvested restricted share units (RSUs), from the weighted-average number of ordinary shares outstanding as their inclusion in the computation for all periods would be anti-dilutive due to net losses incurred.
The following potentially dilutive ordinary share equivalents have been excluded from the calculation of diluted weighted-average shares outstanding for the years ended March 31, 2019, 2018 and 2017 as their effect would have been anti-dilutive for the periods presented (in thousands):

Year Ended March 31,
2019
2018
2017
Share options outstanding
6,209
6,230
8,681
Unvested RSUs
550
33
28


Question: Analyse this data from a financial earnings document. What was the change in Share options outstanding from 2018 to 2019?
Choices:
12439
-6202
-21
0
-2472
Correct choice index: 2
The table below presents estimated payments and benefits that would have been provided to Messrs. Lien, Walcott and Bertz, assuming their respective qualifying terminations as of December 31, 2019. As a condition of receiving any severance benefits in connection with the change in control agreements, each named executive officer must execute a full waiver and release of all claims in our favor. In addition to the benefits described in the tables below, upon termination of employment each executive officer may be eligible for other benefits that are generally available to all salaried employees, such as life insurance, long-term disability, and 401(k) benefits.
(1) Mr. Lien would receive 18 months of base salary and 150% of his annual target bonus. Mr. Walcott would receive 12 months of base salary and 100% of his annual target bonus. Mr. Bertz would receive six months of base salary, 50% of his annual target bonus and the pro rata portion of his unpaid annual target bonus for the period of completed service.
(2) Mr. Lien would receive 18 months of COBRA benefits reimbursement and Mr. Bertz would receive six months of COBRA benefits reimbursement. Mr. Walcott elected not to receive benefits from the Company that would be eligible for continuation under COBRA. As a result, Mr. Walcott would not be eligible for post-termination COBRA benefits reimbursement.
(3) As of December 31, 2019, Mr. Walcott held a stock option with 13,006 unvested shares subject to such option with an exercise price of $17.15 per share. The exercise price of each of these stock options is greater than $1.38, the closing price of our common stock on The Nasdaq Global Market as of December 31, 2019. As of December 31, 2019, Mr. Walcott had 78,750 unvested RSUs and Mr. Bertz had 40,000 unvested RSUs.
(4) Mr. Lien would receive nine months of base salary and 75% of his annual target bonus; Mr. Walcott would receive six months of base salary and 50% of his target bonus; Mr. Bertz would receive three months of base salary and 25% of his target bonus.
(5) Mr. Lien would receive nine months of COBRA benefits reimbursement and Mr. Bertz would receive three months of COBRA benefits reimbursement. Mr. Walcott elected not to receive benefits from the Company that would be eligible for continuation under COBRA. As a result, Mr. Walcott would not be eligible for post-termination COBRA benefits reimbursement.

Chris Lien
Wister Walcott
Robert Bertz
Termination after Change of Control:
Cash Severance(1)
$1,200,000
$450,000
$254,063
Post-termination COBRA Reimbursement(2)
48,160
—
11,098
Acceleration of Stock Options and RSUs(3)
—
108,675
55,200
Total
$1,248,160
$558,675
$320,361
Termination not in connection with Change of Control:
Cash Severance(4)
$600,000
$225,000
$103,125
Post-termination COBRA Reimbursement(5)
24,080
—
5,549
Total
$624,080
$225,000
$108,674


Question: Analyse this data from a financial earnings document. What is the total cash severance paid by the company if they were to terminate Chris Lien, Mister Walcott and Robert Bertz after Change of Control?
Choices:
2012738
-1903662
1904063
704058
844875600000
Correct choice index: 2
NOTE 11 – OTHER RECEIVABLES
No significant other receivables are past due or credit impaired.
The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.

USDm
2019
2018
Partners and commercial managements
1.9
-
Derivative financial instruments
0.5
3.7
Tax receivables
1.5
1.2
Other
2.3
2.6
Balance as of 31 December
6.2
7.5


Question: Analyse this data from a financial earnings document. What was the change in the Balance as of 31 December from 2018 to 2019?
Choices:
-1.3
1.3
0
13.7
-9.8
Correct choice index: 0
Earnings per Share—Basic earnings per share were calculated using net earnings and the weighted-average number of shares of common stock outstanding during the respective year. Diluted earnings per share were calculated using net earnings and the weighted-average number of shares of common stock and potential common stock associated with stock options outstanding during the respective year. The effects of potential common stock were determined using the treasury stock method:
As of and for the years ended December 31, 2019, 2018 and 2017, there were 0.627, 0.724 and 0.478 outstanding stock options, respectively, that were not included in the determination of diluted earnings per share because doing so would have been antidilutive.

Years ended December 31,
2019
2018
2017
Basic weighted-average shares outstanding
103.9
103.2
102.2
Effect of potential common stock:
Common stock awards
1.2
1.2
1.3
Diluted weighted-average shares outstanding
105.1
104.4
103.5


Question: Analyse this data from a financial earnings document. What is the change in Diluted weighted-average shares outstanding between 2018 and 2019?
Choices:
700
-103.2
1.2
0.7
105.8
Correct choice index: 3
Property and Equipment, net
Property and equipment consist of the following (in thousands):
As of July 31, 2019 and 2018, no property and equipment was pledged as collateral. Depreciation expense, excluding the amortization of software development costs, was $9.7 million, $7.7 million, and $6.6 million for the fiscal years ended July 31, 2019, 2018, and 2017, respectively.
The Company capitalizes software development costs for technology applications that the Company will offer solely as cloud-based subscriptions, which is primarily comprised of compensation for employees who are directly associated with the software development projects. The Company begins amortizing the capitalized software development costs once the technology applications are available for general release over the estimated lives of the applications, ranging from three to five years.
The Company recognized approximately $1.0 million and $0.4 million in amortization expense in cost of revenue - license and subscription on the accompanying consolidated statements of operations during the fiscal years ended July 31, 2019 and 2018, respectively. There was no such amortization during the fiscal year ended July 31, 2017.

July 31, 2019 
July 31, 2018
Computer hardware
$17,799
$20,614
Software
6,741
4,664
Capitalized software development costs
7,374
3,978
Equipment and machinery
10,455
4,265
Furniture and fixtures
8,137
4,217
Leasehold improvements
48,191
10,751
    Total property and equipment
98,697
48,489
Less accumulated depreciation
(32,888)
(29,894)
    Property and equipment, net 
$65,809
$18,595


Question: Analyse this data from a financial earnings document. What was the change in the Capitalized software development costs from 2018 to 2019?
Choices:
3396
4159
2763
-3978
-10425
Correct choice index: 0