Question: What would the percentage of shares repurchased in Quarter ended December 23, 2018 in the total repurchased shares be if the former amount was 2,000 thousand instead?

Answer: 9.16

Context:
Repurchase of Company Shares In November 2018, the Board of Directors authorized management to repurchase up to an additional $5.0 billion of Common Stock on such terms and conditions as it deems appropriate. These repurchases can be conducted on the open market or as private purchases and may include the use of derivative contracts with large financial institutions, in all cases subject to compliance with applicable law. This repurchase program has no termination date and may be suspended or discontinued at any time. Funding for this share repurchase program may be through a combination of cash on hand, cash generation, and borrowings. As of June 30, 2019, we have purchased approximately $2.0 billion of shares under this authorization, $0.5 billion via open market trading and $1.5 billion utilizing accelerated share repurchase arrangements. Accelerated Share Repurchase Agreements On June 4, 2019, we entered into four separate accelerated share repurchase agreements (collectively, the “June 2019 ASR”) with two financial institutions to repurchase a total of $750 million of Common Stock. We took an initial delivery of approximately 3.1 million shares, which represented 75% of the prepayment amount divided by our closing stock price on June 4, 2019. The total number of shares received under the June 2019 ASR will be based upon the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount. Final settlement of the June 2019 ASR is anticipated to occur no later than November 20, 2019. On January 31, 2019, we entered into two separate accelerated share repurchase agreements (collectively, the “January 2019 ASR”) with two financial institutions to repurchase a total of $760 million of Common Stock. We took an initial delivery of approximately 3.3 million shares, which represented 75% of the prepayment amount divided by our closing stock price on January 30, 2019. The total number of shares received under the January 2019 ASR was based upon the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount. Final settlement of the agreements occurred during May 2019, resulted in the receipt of approximately 0.8 million additional shares, which yielded a weighted-average share price of approximately $182.32 for the transaction period. Share repurchases, including those under the repurchase program, were as follows: (1) During the fiscal year ended June 30, 2019, we acquired 0.5 million shares at a total cost of $80.5 million which we withheld through net share settlements to cover minimum tax withholding obligations upon the vesting of restricted stock unit awards granted under our equity compensation plans. The shares retained by us through these net share settlements are not a part of the Board-authorized repurchase program but instead are authorized under our equity compensation plan. (2) Average price paid per share excludes effect of accelerated share repurchases, see additional disclosure above regarding our accelerated share repurchase activity during the fiscal year.

Period	Total Number of Shares Repurchased (1)	Average Price Paid per Share(2)	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Amount Available Under Repurchase Program

		(in thousands, except per share data)

Available balance as of June 24, 2018				$1,733,638

Quarter ended September 23, 2018	7,821	$183.46	7,807	108

Board authorization, $5.0 billion, November 2018				5,000,000

Quarter ended December 23, 2018	1,693	$145.30	1,683	5,000,000

Quarter ended March 31, 2019	6,125	$172.06	5,702	4,138,494

April 1, 2019 - April 28, 2019	3	$193.52	—	4,138,494

April 29, 2019 - May 26, 2019	1,147	$190.89	1,143	3,920,258

May 27, 2019 - June 30, 2019	4,728	$176.68	4,724	3,033,500

Total	21,517	$181.72	21,059	$ 3,033,500


Question: What would the percentage of shares repurchased within May 27, 2019 - June 30, 2019 in the total repurchased shares be if the former amount was 5,000 thousand instead?

Answer: 22.95


Question: What would the percentage of the Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs in the Total Number of Shares Repurchased be if the former amount was 21,100 thousand instead?

Answer: 97.88


Question: What would the sum of the adjusted EBITDA in 2018 and 2019 be if the amount for 2019 is 5,400?

Answer: 10721

Context:
OPERATING COSTS AND ADJUSTED EBITDA Bell Wireline operating costs were essentially stable year over year, decreasing by 0.1% in 2019, compared to 2018, resulting from: • The favourable impact from the adoption of IFRS 16 in 2019 • Continued effective cost containment • Lower pension expenses reflecting reduced DB costs These factors were partly offset by: • Higher cost of goods sold related to the growth in product sales • Increased costs from the acquisition of Axia • Greater payments to other carriers from increased sales of international wholesale long distance minutes Bell Wireline adjusted EBITDA grew by 1.7% in 2019, compared to last year, reflecting the growth in revenues as operating expenses were relatively stable year over year. Adjusted EBITDA margin increased to 43.8% in 2019, compared to the 43.4% achieved last year, resulting from the favourable impact of the adoption of IFRS 16 in 2019 and the flow-through of the service revenue growth, offset in part by higher low-margin product sales in our total revenue base.

	2019	2018	$ CHANGE	% CHANGE

Operating costs	(6,942)	(6,946)	4	0.1%

Adjusted EBITDA	5,414	5,321	93	1.7%

Adjusted EBITDA margin	43.8%	43.4%		0.4 pts


Question: What would the sum of the operating costs in 2018 and 2019 be if the amount for 2019 was -7,000?

Answer: -13946


Question: What would the percentage of the 2019 adjusted EBITDA over the sum of the adjusted EBITDA in 2018 and 2019 be if the amount for 2019 is 5,400?

Answer: 50.37


Question: What would be the change in the balance at beginning of period between 2018 and 2019 if the balance at beginning of period in 2019 was $4,000 million instead?

Answer: 787

Context:
The following tables summarize the activity related to deferred revenue and financed unearned services revenue (in millions): During the years ended April 26, 2019 and April 27, 2018, we recognized $1,722 million and $1,806 million, respectively, that was included in the deferred revenue and financed unearned services revenue balance at the beginning of the respective periods. As of April 26, 2019, the aggregate amount of the transaction price allocated to the remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied was $3,668 million, which is equivalent to our deferred revenue and unearned services revenue balance. Because customer orders are typically placed on an as-needed basis, and cancellable without penalty prior to shipment, orders in backlog may not be a meaningful indicator of future revenue and have not been included in this amount. We expect to recognize as revenue approximately 50% of our deferred revenue and financed unearned services revenue balance in the next 12 months, approximately 25% in the next 13 to 24 months, and the remainder thereafter.

	Year Ended

	April 26, 2019	April 27, 2018

Balance at beginning of period	$ 3,363	$ 3,213

Additions	2,763	2,566

Revenue recognized during the period	(2,458 )	(2,416 )

Balance at end of period	$ 3,668	$ 3,363


Question: How many years would balance at end of period exceed $3,500 million if balance at end of period in 2018 was $4,000 million instead?

Answer: 2


Question: What would be the percentage change in additions between 2018 and 2019 if additions in 2019 were $3,000 million instead?

Answer: 16.91


Question: Suppose the percentage of net sales in 2019 decreased by 1%, what is the new amount of net sales derived in 2019?

Answer: 3604754.39

Context:
Selling, general and administrative Selling, general and administrative expense consists primarily of salaries and other personnel-related costs, professional fees, insurance costs, and other business development and selling expenses. The following table shows selling, general and administrative expense for the years ended December 31, 2019, 2018, and 2017: Selling, general and administrative expense in 2019 increased compared to 2018 primarily due to higher employee compensation expense, lower accretion expense in 2018 associated with the reduction in our module collection and recycling liability described above, and higher professional fees.

		Year Ended		Change

(Dollars in thousands)	2019	2018	2017	2019 over 2018		2018 over 2017

Selling, general and administrative	$205,471	$176,857	$202,699	$28,614	16%	$(25,842)	(13)%

% of net sales .	6.7%	7.9%	6.9%


Question: If the selling, general and administrative expense in 2019 increased by 5,000 thousands, what is the new net difference in selling, general and administrative expense between 2019 and 2017?

Answer: 7772


Question: Suppose the percentage of net sales in 2018 is 7%, what is the new difference in net sales amount in 2019 and 2018?

Answer: 540202.77


Question: What would be the percentage change in the cash & cash equivalents between 2018 and 2019 if the cash and cash equivalents in 2019 is increased by $50,000,000?

Answer: 113.38

Context:
Liquidity and Capital Resources As of December 31, 2019, we had approximately $36.1 million of cash and cash equivalents and short term investments, a decrease of approximately $7.2 million from $43.3 million in 2018. During 2018, our board of directors authorized the repurchase of issued and outstanding shares of our common stock having an aggregate value of up to $10.0 million pursuant to a share repurchase program. No shares were repurchased under this program in 2019, As of December 31, 2019, we have a remaining authorization of $8.0 million for future share repurchases. In 2013, we made a $5 million commitment to invest in an innovation fund through JVP to invest in early-stage cyber technology companies. We sold our interest in JVP in December 2019. There is no further commitment remaining.

	December 31,

	2019	2018

		(in thousands)

Cash & cash equivalents	$18,304	$32,011

Short term investments	17,779	11,303

	$36,083	$43,314


Question: What would be the percentage change in the short term investments between 2018 and 2019 if the short term investments in 2019 is increased by 10%?

Answer: 73.02


Question: What would be the percentage change in the total liquidity and capital resources between 2018 and 2019 if the amount in 2019 is instead $45,000,000?

Answer: 3.89


Question: If Gross revenue for Three Months Ended June 30, 2018 was $80,000 thousand, what would be the Three months ended periods that have gross revenue exceeding $70,000 thousand?

Answer: June 30, 2018

Answer: September 30, 2018

Answer: December 31, 2018

Answer: March 31, 2019

Context:
Our revenues and operating results are significantly affected by the timing, number and breadth of our theatrical releases and their budgets, the timing of television syndication agreements, and our amortization policy for the first 12 months of commercial exploitation for a film. The timing of releases is determined based on several factors. A significant portion of the films we distribute are delivered to Indian theaters at times when theater attendance has traditionally been highest, including school holidays, national holidays and the festivals. This timing of releases also takes into account competitor film release dates, major cricket events in India and film production schedules. Significant holidays and festivals, such as Diwali, Eid and Christmas, occur during July to December each year, and the Indian Premier League cricket season generally occurs during April and May of each year. The Tamil New Year, called Pongal, falls in January each year making the quarter ending March an important one for Tamil releases. Our quarterly results can vary from one period to the next, and the results of one quarter are not necessarily indicative of results for the next or any future quarter. Our revenue and operating results are therefore seasonal in nature due to the impact on income of the timing of new releases as well as timing and quantum of catalogue revenues.

		Three Months Ended

	June 30, 2018	September 30, 2018	December 31, 2018	March 31, 2019

		(in thousands)

Revenue	60,212	63,425	76,744	69,745

Adjustment towards significant financing component	6,410	8,837	9,917	9,303

Gross Revenue	66,622	72,262	86,661	79,048


Question: If Adjustment towards significant financing component in December 2018 was 10,000 thousands, what would be the average quarterly Adjustment towards significant financing component for 2018?

Answer: 8637.5


Question: If Gross Revenue in December 2018 was 70,000 thousands, what would be the percentage increase / (decrease) in the Gross Revenue from Three Months Ended  December 2018 to March 2019?

Answer: 12.93


Question: If Total consolidated expense and other (income) in 2019 increased to 10,000 million, what is the increase / (decrease) from 2018 to 2019?

Answer: 3747

Context:
* 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity. Total expense and other (income) increased 13.7 percent in the fourth quarter with an expense-to-revenue ratio of 32.6 percent compared to 28.7 percent in the fourth quarter of 2018. The year-to-year increase was a result of higher spending (15 points) driven by Red Hat (15 points) and higher acquisitionrelated charges and amortization of acquired intangible assets associated with the Red Hat transaction (4 points), partially offset by higher divestiture gains (3 points) and lower non-operating retirement-related costs (3 points). Total operating (non-GAAP) expense and other income increased 14.7 percent year to year primarily driven by the higher spending, partially offset by the divestiture gains, as described above.

($ in millions)

For the fourth quarter:	2019	2018	Yr.-to-Yr. Percent/ Margin Change*

Total consolidated expense and other (income)	$7,107	$6,253	13.7%

Non-operating adjustments

Amortization of acquired intangible assets	(294)	(106)	176.0

Acquisition-related charges	(27)	(13)	104.7

Non-operating retirement related (costs)/income	(196)	(387)	(49.4)

Operating (non-GAAP) expense and other (income)	$6,591	$5,746	14.7%

Total consolidated expense-to-revenue ratio	32.6%	28.7%	3.9pts

Operating (non-GAAP) expense-to-revenue ratio	30.3%	26.4%	3.9pts


Question: If Amortization of acquired intangible assets in 2019 increased to (300) million, what is the average?

Answer: -203


Question: If Operating (non-GAAP) expense and other (income) in 2018 increased to 6,000 million, what is the average?

Answer: 6295.5


Question: In which grant year would the risk free interest rate be the highest if the rate in 2019 was 0.9% instead?

Answer: 2019

Context:
Employee Share Ownership Plan UK employees are eligible to participate in the Employee Share Ownership Plan (ESOP). The aim of the ESOP is to encourage increased shareholding in the Company by all UK employees and so there are no performance conditions. Employees are invited to join the ESOP when an offer is made each year. Individuals save for 12 months during the accumulation period and subscribe for shares at the lower of the price at the beginning and the end of the accumulation period under HMRC rules. The Company provides a matching share for each share purchased by the individual. Shares issued under the ESOP have been measured using the Present Economic Value (PEV) valuation methodology. The relevant disclosures in respect of the Employee Share Ownership Plans are set out below. The accumulation period for the 2019 ESOP ends in September 2020, therefore some figures are projections.

	2015 Grant	2016 Grant	2017 Grant	2018 Grant	2019 Grant

Grant date	1st October	1st October	1st October	1st October	1st October

Exercise price	2,797.0p	4,477.3p	5,496.7p	7,240.0p	7,835.0p

Number of employees	1,038	1,040	1,229	1,294	1,318

Shares under scheme	34,449	22,173	22,411	16,687	16,820

Vesting period	3 years	3 years	3 years	3 years	3 years

Expected volatility	21%	21%	21%	19%	21%

Risk free interest rate	0.4%	0.1%	0.4%	0.8%	0.5%

Expected dividend yield	2.5%	2.5%	2.3%	2.0%	1.8%

Fair value	2,931.3p	4,696.7p	5,799.0p	7,623.7p	8,305.1p


Question: What would the change in the number of employees in 2019 from 2018 be if the number for 2019 was 1,300 employees instead?

Answer: 6


Question: What would the percentage change in the number of employees in 2019 from 2018 be if the number for 2019 was 1,300 employees instead?

Answer: 0.46


Question: What would be the payments due for Operating leases, including imputed interest from years 1 to 3 if the amount in year 1 was twice the amount in Years 4 & 5?

Answer: 13474

Context:
Contractual Obligations and Contingent Liabilities and Commitments Our principal commitments consist primarily of obligations under operating and financing leases, which include among others, certain leases of our offices, colocations and servers as well as contractual commitment related network infrastructure and data center operations. The following table summarizes our commitments to settle contractual obligations in cash as of December 31, 2019: (1) Finance leases are related to servers and network infrastructure and our data center operations. As of December 31, 2019, we had severance agreements with certain employees which would require us to pay up to approximately $6.4 million if all such employees were terminated from employment with our Company following a triggering event (e.g., change of control) as defined in the severance agreements.

	Payments Due by Year Ending December 31, 2020

(In thousands)	Total	Year 1 (1)	Years 2 & 3	Years 4 & 5	Beyond 5 Years

Operating leases, including imputed interest	12,807	3,519	5,102	4,186	—

Finance leases, including imputed interest (1)	2,165	1,423	736	6	—

Total contractual obligations	$ 14,972	$ 4,942	$ 5,838	$ 4,192	$ —


Question: What would be the percentage constitution of total operating leases among the total contractual obligations if the total contractual obligations was 16,000 thousand instead?

Answer: 80.04


Question: How much more in total contractual obligations would the company expect to spend in Year 1 than Years 4 & 5 if the value in Year 1 was $5,000 thousand instead?

Answer: 808


Question: What would be the percentage change of total balances of contract assets, including current and non-current, from 2018 to 2019, if the balance of current contract assets in 2018 was $500 thousand?

Answer: 191.06

Context:
Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers (amounts in thousands): Contract assets, reported within current assets and other long-term assets in the consolidated balance sheets, primarily result from revenue being recognized when a license is delivered and payments are made over time. Contract liabilities primarily relate to advance consideration received from customers, deferred revenue, for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $4.4 million of revenue during the year ended September 30, 2019 that was included in the contract liability balance at the beginning of the period.

	September 30, 2019	October 1, 2018

Contract assets, current	$2,350	$169

Contract assets, non-current	581	507

Contract liabilities, current	5,612	4,281

Contract liabilities, non-current	736	485


Question: What would be the total balance of contract assets and liabilities in 2019 if the current contract liabilities were $4,500 thousand?

Answer: 8167


Question: What would be the ratio of contract liabilities to contract assets in 2018 if the current contract assets were $650 thousand?

Answer: 4.12


Question: How many years did the Transaction volume exceed $5,000 million if the transaction volume in 2017 was $6,000 million instead?

Answer: 3

Context:
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated) Business Metrics We review a number of operating and financial metrics to evaluate our business, measure our performance, identify trends, formulate plans and make strategic decisions, including the following. Transaction Volume. We define transaction volume as the dollar value of loans facilitated on our platform during a given period. Transaction volume is an indicator of revenue and overall platform profitability and has grown substantially in the past several years. Loan Servicing Portfolio. We define our loan servicing portfolio as the aggregate outstanding consumer loan balance (principal plus accrued interest and fees) serviced by our platform at the date of measurement. Our loan servicing portfolio is an indicator of our servicing activities. The average loan servicing portfolio for the years ended December 31, 2019, 2018 and 2017 was $8,213 million, $6,303 million and $4,501 million, respectively. Active Merchants. We define active merchants as home improvement merchants and healthcare providers that have submitted at least one consumer application during the twelve months ended at the date of measurement. Because our transaction volume is a function of the size, engagement and growth of our merchant network, active merchants, in aggregate, are an indicator of future revenue and profitability, although they are not directly correlated. The comparative measures can also be impacted by disciplined corrective action taken by the Company to remove merchants from our program who do not meet our customer satisfaction standards. Cumulative Consumer Accounts. We define cumulative consumer accounts as the aggregate number of consumer accounts approved on our platform since our inception, including accounts with both outstanding and zero balances. Although not directly correlated to revenue, cumulative consumer accounts is a measure of our brand awareness among consumers, as well as the value of the data we have been collecting from such consumers since our inception. We may use this data to support future growth by cross-marketing products and delivering potential additional customers to merchants that may not have been able to source those customers themselves.

		Year Ended December 31,

	2019	2018	2017

Transaction Volume

Dollars (in millions)	$5,954	$5,030	$3,767

Percentage increase	18%	34%

Loan Servicing Portfolio

Dollars (in millions, at end of period)	$9,150	$7,341	$5,390

Percentage increase	25%	36%

Active Merchants

Number (at end of period)	17,216	14,907	10,891

Percentage increase	15%	37%

Cumulative Consumer Accounts

Number (in millions, at end of period)	3.03	2.24	1.57

Percentage increase	35%	43%


Question: What would be the change in the Loan Servicing Portfolio between 2017 and 2018 if the Loan Servicing Portfolio in 2017 was $7,000 million instead?

Answer: 341


Question: What would be the percentage change in the Cumulative Consumer Accounts between 2017 and 2019 if the Cumulative Consumer Accounts in 2019 was $2 million instead?

Answer: 27.39


Question: What would be the average weight of the Nordic Freedom and Nordic Moon if the weight of Nordic Moon is decreased by 500 deadweight tons?

Answer: 159568

Context:
1. NATURE OF BUSINESS Nordic American Tankers Limited (“NAT”) was formed on June 12, 1995 under the laws of the Islands of Bermuda. The Company’s shares trade under the symbol “NAT” on the New York Stock Exchange. The Company was formed for the purpose of acquiring and chartering out double-hull tankers. The Company is an international tanker company that currently has a fleet of 23 Suezmax tankers. The Company has not disposed of or acquired new vessels in 2019. The 23 vessels the Company operated per December 31, 2019, average approximately 156,000 dwt each. In 2019, 2018 and 2017, the Company chartered out its operating vessels primarily in the spot market. The Company’s Fleet The Company’s current fleet consists of 23 Suezmax crude oil tankers of which the vast majority have been built in Korea.

Vessel	Built in	Deadweight Tons	Delivered to NAT in

Nordic Freedom	2005	159,331	2005

Nordic Moon	2002	160,305	2006

Nordic Apollo	2003	159,998	2006

Nordic Cosmos	2003	159,999	2006

Nordic Grace	2002	149,921	2009

Nordic Mistral	2002	164,236	2009

Nordic Passat	2002	164,274	2010

Nordic Vega	2010	163,940	2010

Nordic Breeze	2011	158,597	2011

Nordic Zenith	2011	158,645	2011

Nordic Sprinter	2005	159,089	2014

Nordic Skier	2005	159,089	2014

Nordic Light	2010	158,475	2015

Nordic Cross	2010	158,475	2015

Nordic Luna	2004	150,037	2016

Nordic Castor	2004	150,249	2016

Nordic Sirius	2000	150,183	2016

Nordic Pollux	2003	150,103	2016

Nordic Star	2016	159,000	2016

Nordic Space	2017	159,000	2017

Nordic Tellus	2018	157,000	2018

Nordic Aquarius	2018	157,000	2018

Nordic Cygnus	2018	157,000	2018


Question: What would be the average weight of the Nordic Apollo and Nordic Cosmos if the weight of Nordic Cosmos is doubled?

Answer: 239998


Question: What would be the average weight of the Nordic Grace and Nordic Mistrals if the weight of Nordic Mistrals is decreased by 10%?

Answer: 148866.7


Question: If Balance at beginning of period was increased by 1.3(in millions), What is the Balance at beginning of period expressed as a percentage of Balance at end of period for year 2019?

Answer: 83.42

Context:
The following table shows the activity of our U.S. and international plan assets, which are measured at fair value using Level 3 inputs. (1) Balances as of December 31, 2018 have been revised from our 2018 Form 10-K filing to reflect changes in leveling classification of specific funds. These reclassifications did not impact the fair value of any of our pension plan assets. (2) Purchases of Level 3 assets in 2018 primarily represent the purchase of bulk annuity contracts (buy-ins) in some of our international plans.

	December 31,

(In millions)	2019	2018

Balance at beginning of period(1)	$ 150.1	$ 71.5

Gains (losses) on assets still held at end of year	16.8	(16.0)

Purchases, sales, issuance, and settlements(2)	8.3	103.7

Transfers in and/or out of Level 3	—	1.0

Foreign exchange gain (loss)	5.0	(10.1)

Balance at end of period(1)	$ 180.2	$ 150.1


Question: If the Balance at end of period for 2018 was 140.4 instead, What is the difference between the Balance at end of period for 2018 and 2019?

Answer: 39.8


Question: If balance at beginning of period for both years increased by 10.0(in millions), What is percentage growth of Balance at end of period for year 2018 to 2019?

Answer: 18.8


Question: How many metrics would have been added under the Long-Term Incentive Plan if the three-year cumulative adjusted EBITDA target was not included?

Answer: 1

Context:
2020 Incentive Plan Enhancements. For 2020, we have transitioned into the operation phase of our long-term strategy. As discussed further in this CD&A, following an internal review process, extensive discussions with our shareholders and consultation with our executive compensation consultants, we revised the design for our 2020 incentive programs to support our strategic priorities as described below: • added Revenue as metric to our STI plan to encourage and reward top-line performance • changed the metric and performance period for our LTI plan to three-year cumulative Adjusted EBITDA target • added three-year Relative TSR Modifier, as a positive or negative adjustment +/- 20%, for our LTI plan.

	Short-Term Incentive Plan

Strategy	Integrate and Transform	Operate

Metrics	2018 & 2019 Weighting	2020 Weighting

Adjusted EBITDA	65%	50%

Free Cash Flow	25%	25%

Revenue	—	15%

Customer Experience	10%	10%

	Long-Term Incentive Plan

Strategy	Integrate and Transform	Operate

Metrics	2018 & 2019 Weighting	2020 Weighting

Adjusted EBITDA Run Rate (2 year)	100%	—

Cumulative Adjusted EBITDA (3 year)	—	100%

Relative TSR Modifier (3 year)	—	+/-20%


Question: What would the percentage change in the Adjusted EBITDA target under Short-Term Incentive Plan in 2020 be if the 2020 Weighting target is 55%?

Answer: 10


Question: What would the average Adjusted EBITDA under the Short-Term Incentive Plan be if the 2020 Weighting target is 55%?

Answer: 60


Question: If value of Construction in process in 2018 was 27,000 thousands, in which year would it be less than 30,000 thousands?

Answer: 2019

Answer: 2018

Context:
9. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following (in thousands): Depreciation and amortization expense related to property and equipment for fiscal years 2019, 2018 and 2017 was $29.7 million, $30.7 million and $27.3 million, respectively. Accumulated depreciation on capital lease assets for fiscal years 2019 and 2018 was $5.3 million and $3.2 million, respectively. See Note 17 - Impairments and Note 15 - Restructurings for information related to property and equipment impaired during fiscal year 2019.

	September 27,	September 28,

	2019	2018

Construction in process	24,848	49,661

Machinery and equipment	175,696	174,638

Leasehold improvements	12,962	14,984

Furniture and fixtures	3,716	2,306

Capital lease assets	46,496	19,380

Computer equipment and software	18,116	17,317

Total property and equipment	281,834	278,286

Less accumulated depreciation and amortization	(149,187)	(128,363)

Property and equipment — net	$132,647	$149,923


Question: If Machinery and equipment value in 2019 was 150,000 thousands, what would be the average for 2018 and 2019?

Answer: 162319


Question: If Leasehold improvements in 2019 was 15,000 thousands, what would be the change from 2018 to 2019?

Answer: 16


Question: If the increase in marketing program costs from 2018 to 2019 is $10 million. What is the difference between the increase sales and marketing expenses from 2018 to 2019 and 2017 to 2018?

Answer: 27

Context:
Sales and Marketing Expenses Sales and marketing expenses increased $105 million, or 36%, in 2019 compared to 2018. The overall increase was primarily due to increased employee compensation-related costs, including amortization of capitalized commissions, of $72 million, driven by headcount growth, and an increase in marketing program costs of $8 million. The increase in marketing program costs was driven by increased volume of advertising activities. Further contributing to the overall increase was an increase in allocated shared costs of $14 million. Sales and marketing expenses increased $80 million, or 38%, in 2018 compared to 2017. The overall increase was primarily due to increased employee compensation-related costs, including amortization of capitalized commissions, of $55 million, driven by headcount growth, and an increase in marketing program costs of $10 million. The increase in marketing program costs was driven by increased volume of advertising activities. Further contributing to the overall increase was an increase in allocated shared costs of $11 million.

		Year Ended December 31,

	2019	2018	2017	2018 to 2019 % change	2017 to 2018 % change

			(In thousands, except percentages)

Sales and Marketing	$ 396,514	$ 291,668	$ 211,918	36%	38%


Question: What is the percentage increase in sales and marketing expenses from 2017 to 2019 if the increase in employee compensation-related costs from 2017 to 2018 is increased by an additional of $5,000 thousands?

Answer: 82.79


Question: Suppose the increase in sales and marketing expenses from 2017 to 2018 is $ 90 million, what is the increase in sales and marketing expenses from 2017 to 2019?

Answer: 195


Question: If beginning balance in 2019 was 800 thousands, in which year would it be less than 1,000 thousands?

Answer: 2019

Answer: 2018

Context:
The following table summarizes activity for the interest rate swap: There were no transfers between Level 1, Level 2 or Level 3 fair value hierarchy categories of financial instruments in the years ended December 31, 2019 and 2018. Financial Instruments Not Recorded at Fair Value on a Recurring Basis Some of the Company’s financial instruments are not measured at fair value on a recurring basis but are recorded at amounts that approximate fair value due to their liquid or short-term nature. Such financial assets and financial liabilities include: cash and cash equivalents, restricted cash, net receivables, certain other assets, accounts payable, accrued price protection liability, accrued expenses, accrued compensation costs, and other current liabilities. The Company’s long-term debt is not recorded at fair value on a recurring basis, but is measured at fair value for disclosure purposes (Note8 ).

	Fair Value at December 31,

	2019	2018

	(in thousands)

Interest rate swap

Beginning balance	$1,623	$734

Unrealized gain (loss) recognized in other comprehensive income (loss)	(1,660)	889

Ending balance	$(37)	1,623


Question: If Unrealized gain (loss) recognized in other comprehensive income (loss) in 2019 was 1,200 thousands, what would be the average for 2018 and 2019?

Answer: 1044.5


Question: If ending balance in 2019 was 2,500 thousands, what would be the change from 2018 to 2019?

Answer: 877


Question: What would the percentage change in the trade receivables from 2018 to 2019 be if the amount in 2019 was 7,000 thousand instead?

Answer: 41.36

Context:
3.3 Trade receivables and contract assets Recognition and measurement All trade and other receivables recognised as current assets are due for settlement within no more than 30 days for marketing fees and within one year for trail commission. Trade receivables are measured on the basis of amortised cost. It is the Group’s policy that all key partners who wish to trade on credit terms are subject to credit verification procedures. Allowance for credit losses iSelect applies the simplified approach and records lifetime expected losses on all trade receivables and contract assets. As a consequence, we do not track changes in credit risk, but recognise a loss allowance based on lifetime expected credit loss at each reporting date. iSelect calculates its provision utilising historical credit loss experience, adjusted for other relevant factors, i.e. aging of receivables, credit rating of the debtor, etc. Debts that are known to be uncollectable are written off when identified. If an impairment allowance has been recognised for a debt that becomes uncollectable, the debt is written off against the provision. If an amount is subsequently recovered, it is credited against profit or loss. As at 30 June 2019, expected credit losses are not considered material. Contract assets Contract assets are initially recognised for revenue earned from comparison, purchase support and referral services, as receipt of consideration is conditional on successful completion of a purchase between the customers and the product providers. Upon completion of sale and acceptance by the customer and the provider, invoices are issued to the provider for the amount receivable. These amounts invoiced are reclassified from contract assets to trade receivables. The trade receivable balance represents the Group’s unconditional right to receive the cash. Key estimates – allowance for credit losses We apply management judgement to estimate the expected credit losses for trade receivables and contract assets. Expected credit losses are assessed on an ongoing basis. Financial difficulties of the debtor, probability of default, delinquency in payments and credit ratings are utilised in this assessment.

	CONSOLIDATED CONSOLIDATED

	2019 $’000	2018 $’000

Trade receivables	6,165	4,952

Allowance for credit losses	-	(15)

Contract assets	16,824	23,773

	22,989	28,710

The ageing analysis of trade rec The ageing analysis of trade receivables is as follows:

Current	4,967	4,408

Past due 1 – 30 days	1,024	291

Past due 31 – 90 days	130	108

Past due 90+ days	44	130

	6,165	4,937


Question: What would the percentage change in the contract assets from 2018 to 2019 be if the amount in the 2019 was 17,000 thousand instead?

Answer: -28.49


Question: What would the percentage change in the trade receivables past due 90+ days from 2018 to 2019 be if the amount in 2019 was 50 thousand instead?

Answer: -61.54


Question: What would be the change in cash between 2018 and 2019 if cash in 2019 was $3,000 million instead?

Answer: 273

Context:
6. Supplemental Financial Information Cash and cash equivalents (in millions): The following table presents cash and cash equivalents as reported in our consolidated balance sheets, as well as the sum of cash, cash equivalents and restricted cash as reported on our consolidated statement of cash flows in accordance with our adoption of the ASU discussed in Note 1 – Description of Business and Significant Accounting Policies.

	April 26, 2019	April 26, 2018

Cash	$ 2,216	$ 2,727

Cash equivalents	109	214

Cash and cash equivalents	$ 2,325	$ 2,941

Short-term restricted cash	5	5

Long-term restricted cash	1	1

Restricted cash	$ 6	$ 6

Cash, cash equivalents and restricted cash	$ 2,331	$ 2,947


Question: What would be the change in cash and cash equivalents between 2018 and 2019 if cash and cash equivalents in 2018 was $2,000 million instead?

Answer: 325


Question: What would be the percentage change in Cash, cash equivalents and restricted cash between 2018 and 2019 if Cash, cash equivalents and restricted cash in 2019 was $3,000 million instead?

Answer: 1.8


Question: What would the percentage change in the Depreciation expense, including amortization of capital leases, from 2018 to 2019 be if the amount in 2019 was 190.0 million instead?

Answer: 15.01

Context:
Note 11: Property and Equipment Property and equipment, net, consist of the following: Depreciation expense, including amortization of capital leases, during fiscal years 2019, 2018, and 2017, was $182.1 million, $165.2 million, and $152.3 million, respectively.

	June 30, 2019	June 24, 2018

	(in thousands)

Manufacturing and engineering equipment	$1,039,454	$911,140

Building sand improvements	664,061	530,032

Computer and computer-related equipment	190,974	182,451

Office equipment, furniture and fixtures	82,115	66,378

Land	46,155	46,155

	2,022,759	1,736,156

Less: accumulated depreciation and amortization	(963,682)	(833,609)

	$1,059,077	$902,547


Question: What would the percentage change in the accumulated depreciation and amortization from 2018 to 2019 be if the amount in 2019 was 1,000,000 thousand instead?

Answer: 19.96


Question: in which year would the net amount of property and equipment be higher if the amount in 2018 was 1,500,000 thousand instead?

Answer: 2018


Question: If the External Systems Hardware in 2018 increases to 3,000 million, what is the revised average?

Answer: 2946.5

Context:
The Systems gross profit margin decrease year to year was driven by the mix away from IBM Z and margin declines in Power Systems and Storage Systems. The pre-tax income decline was driven by the strong performance in IBM Z in the prior year and the continued investment in innovation across the Systems portfolio.

($ in millions)

For the year ended December 31:	2018	2017	Yr.-to-Yr. Percent/ Margin Change

Systems

External Systems Hardware gross profit	$2,590	$2,893	(10.5)%

External Systems Hardware gross profit margin	40.7%	44.6%	(3.8)pts

External Operating Systems Software gross profit	$1,412	$1,469	(3.9)%

External Operating Systems Software gross profit margin	84.5%	86.4%	(1.9)pts.

External total gross profit	$4,002	$4,362	(8.2)%

External total gross profit margin	49.8%	53.2%	(3.4)pts.

Pre-tax income	$ 904	$1,128	(19.9)%

Pre-tax margin	10.2%	12.6%	(2.4)pts.


Question: What would be the increase/ (decrease) in External Systems Hardware gross profit, if the value in 2018 is increased to 2,672 million

Answer: -221


Question: What would be the increase/ (decrease) in Pre-tax margin, if the value in 2018 is increased to 16%

Answer: 3.4


Question: If the company's operating income from resources is $2,000 in 2019, what is the company's main source of operating income in 2019?

Answer: Resources

Context:
Operating Income and Operating Margin Operating income for fiscal 2019 increased $406 million, or 7%, over fiscal 2018. Operating income and operating margin for each of the operating groups were as follows: Amounts in table may not total due to rounding. (1) Effective September 1, 2018, we adopted FASB ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Certain components of pension service costs were reclassified from Operating expenses to Non-operating expenses. Prior period amounts have been revised to conform with the current period presentation.

		Fiscal

	2019		2018 (1)

	Operating Income	Operating Margin	Operating Income	Operating Margin	Increase (Decrease)

			(in millions of U.S. dollars)

Communications, Media & Technology	$1,555	18%	$1,380	17%	$175

Financial Services	1,238	15	1,365	16	(128)

Health & Public Service	739	10	766	11	(27)

Products	1,720	14	1,664	15	56

Resources	1,053	16	724	12	330

TOTAL	$6,305	14.6%	$5,899	14.4%	$406


Question: How much did total operating income gain from 2018 to 2019 if 2019's total operating income is 6,500 million?

Answer: 10.19


Question: What is the total operating margin from financial services and products in 2019, if the operating margin for products is 4% less than its current value?

Answer: 25


Question: Which year would have the highest Statutory U.S. Federal tax if the value in 2019 was $6,500 instead?

Answer: 2019

Context:
Note 12 – Income Taxes Income tax expense for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017 differed from amounts computed using the statutory federal income tax rate due to the following reasons:

	December 27, 2019	December 28, 2018	December 29, 2017

Statutory U.S. Federal tax	$6,805	$5,847	$6,443

Differences due to:

State and local taxes, net of federal benefit	2,078	1,906	1,112

Change in valuation allowance	95	523	289

Impact of the Tax Act	—	—	(3,573)

Stock compensation	(676)	(197)	162

Other	(92)	(637)	(391)

Income tax expense	$8,210	$7,442	$4,042


Question: What would be the change in Statutory U.S. Federal tax between 2018 and 2019 if the value in 2019 increases by $1,000?

Answer: 1958


Question: What would be the average Statutory U.S. Federal tax from 2017-2019 if the value in 2019 decreases by $1,000?

Answer: 6031.67


Question: How many years did revenue from Data and Analytics exceed $150 million if revenue in 2018 was $100 million instead?

Answer: 1

Context:
Segment Financial Results Revenues The following table sets forth revenues by segment for the periods presented (in millions): (1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.

	Year ended December 31		Variance

	2019	2018	$	%

Software Solutions	$1,012.3	$962.0	$50.3	5%

Data and Analytics	165.4	154.5	10.9	7%

Corporate and Other (1)	(0.5)	(2.5)	2.0	NM

Total	$1,177.2	$1,114.0	$63.2	6%


Question: Which years did revenue from Software Solutions exceed $1,000 million if revenue in 2018 was $1,100 million instead?

Answer: 2019

Answer: 2018


Question: What would bethe average total revenue between 2018 and 2019 if the total revenue in 2019 was $2,000 million instead?

Answer: 1557


Question: What would be the change in the ending balance between fiscal years 2018 and 2019 if the ending balance value in 2019 was $(10,000) thousand instead?

Answer: -37060

Context:
* As adjusted to reflect the impact of the full retrospective adoption of IFRS 15. See Note 2 for further details. The U.S. Tax Cuts and Jobs Act (the “Tax Act”) enacted on December 22, 2017 introduces a number of changes to U.S. income tax law. Among other changes, the Tax Act (i) reduces the U.S. federal corporate tax rate from 35% to 21%, (ii) enacts limitations regarding the deductibility of interest expense, (iii) modifies the provisions relating to the limitations on deductions for executive compensation of publicly traded corporations, (iv) imposes new limitations on the utilization of net operating loss arising in taxable years beginning after December 31, 2017, (v) repeals the corporate alternative minimum tax and provides for a refund of existing alternative minimum tax credits, and (vi) creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively. As a result of the new U.S. federal statutory corporate tax rate of 21% contained within the Tax Act, the Group recorded non-cash charges of $16.9 million to tax expense and $16.9 million to equity to revalue the Group’s U.S. net deferred tax assets during fiscal year 2018. In June 2019 and December 2017, as a result of the Group’s assessment of the realizability of its Australian and U.S. deferred tax assets, the Group recorded non-cash charges to tax expense of $54.7 million and $30.4 million, respectively, and $25.8 million to equity in December 2017 to reduce the carrying value of these assets. The assessment of the realizability of the Australian and U.S. deferred tax assets is based on all available positive and negative evidence. Such evidence includes, but is not limited to, recent cumulative earnings or losses, expectations of future taxable income by taxing jurisdiction, and the carry-forward periods available for the utilization of deferred tax assets. The Group will continue to assess and record any necessary changes to align its deferred tax assets to their realizable value. In December 2017, the Group made changes to its corporate structure to include certain foreign subsidiaries in its U.S. consolidated tax group that resulted in the creation of certain deferred tax assets and liabilities, including a non-recognized deferred tax asset of $2.1 billion related to the fair market value of its intellectual property. The assets are included in the Group’s quarterly assessment and are only recognized to the extent they are determined to be realizable. The impact on the net deferred tax asset from business combinations of $19.1 million in fiscal year 2019 represents the net deferred tax assets and liabilities recognized as a result of the acquisition of OpsGenie. The Group acquired net operating loss carryforward deferred tax assets of approximately $1.8 million from OpsGenie. The Group also recognized deferred tax liabilities of approximately $19.6 million primarily related to acquired intangibles from OpsGenie, the amortization of which will not be deductible from future taxable profits.

	2019	2018

	(U.S. $ in thousands)

		*As Adjusted

Reconciliation of deferred tax assets, net

Balance at the beginning of	$47,060	$140,532

Deferred tax expense for the year	(15,916)	(53,297)

Debited to equity	(8,884)	(40,092)

Adjustment in respect of income tax payable	—	(83)

Impact from business combinations	(19,092)	—

Currency revaluation impact	44	—

Balance at the ending of	$3,212	$47,060


Question: What would be the average deferred tax expense for fiscal years 2018 and 2019 if the value in 2019 was $(20,000) thousand instead?

Answer: -36648.5


Question: What would be the percentage change of deferred tax expenses between fiscal year 2018 to 2019 if the value in 2018 was $(40,000) thousand instead?

Answer: -60.21


Question: If the total deferred tax assets in 2019 is now $785.5 million, what is the change in the total deferred tax assets from 2018 to 2019?

Answer: 79.2

Context:
Significant components of Autodesk’s deferred tax assets and liabilities are as follows Autodesk’s tax expense is primarily driven by tax expense in foreign locations, withholding taxes on payments made to the U.S. from foreign sources, and tax amortization on indefinite-lived intangibles offset by a tax benefit resulting from release of uncertain tax positions upon finalization of IRS examination and release of valuation allowance from acquired deferred tax liabilities. Autodesk regularly assesses the need for a valuation allowance against its deferred tax assets. In making that assessment, Autodesk considers both positive and negative evidence, whether it is more likely than not that some or all of the deferred tax assets will not be realized. In evaluating the need for a valuation allowance, Autodesk considered cumulative losses arising from the Company's business model transition as a significant piece of negative evidence. Consequently, Autodesk determined that a valuation allowance was required on the accumulated U.S., Canada and Singapore tax attributes. In the current year, the U.S. created incremental deferred tax assets, primarily operating losses, foreign tax and R&D credits, Singapore generated operating losses and Canada generated R&D credits. These U.S. and Singapore deferred tax attributes have been offset by a full valuation allowance. The valuation allowance increased by $163.6 million in fiscal 2019 primarily due to the generation of deferred tax attributes. The valuation allowance decreased by $113.8 million, and increased $352.4 million in fiscal 2018, and 2017, respectively, primarily related to U.S. Tax Act reduction in rate in fiscal 2018 and U.S. and Canadian deferred tax attributes generated in fiscal 2017. As Autodesk continually strives to optimize the overall business model, tax planning strategies may become feasible and prudent allowing the Company to realize many of the deferred tax assets that are offset by a valuation allowance; therefore, Autodesk will continue to evaluate the ability to utilize the net deferred tax assets each quarter, both in the U.S. and in foreign jurisdictions, based on all available evidence, both positive and negative. The Tax Act was signed into law on December 22, 2017 and provided broad and significant changes to the U.S. corporate income tax regime. In light of our fiscal year-end, the Tax Act reduced the statutory federal corporate rate from 35% to 33.81% for fiscal 2018 and to 21% for fiscal 2019 and forward. The Tax Act also, among many other provisions, imposed a one-time mandatory tax on accumulated earnings of foreign subsidiaries (commonly referred to as the "transition tax"), subjected the deemed intangible income of our foreign subsidiaries to current U.S. taxation (commonly referred to as "GILTI"), provided for a full dividends received deduction upon repatriation of untaxed earnings of our foreign subsidiaries, imposed a minimum taxation (without most tax credits) on modified taxable income, which is generally taxable income without deductions for payments to related foreign companies (commonly referred to as “BEAT”), modified the accelerated depreciation deduction rules, and made updates to the deductibility of certain expenses. We have completed our determination of the accounting implications of the Tax Act on our tax accruals. We recorded a tax benefit of the Tax Act in our financial statements as of January 31, 2018 of approximately $32.3 million mainly driven by the corporate rate remeasurement of the indefinite-lived intangible deferred tax liability. As of January 31, 2018, we estimated taxable income associated with offshore earnings of $831.5 million, and as of January 31, 2019, we adjusted the taxable income to $819.6 million to reflect the impact of Treasury Regulations issued in the fourth quarter of fiscal 2019. Transition tax related to adjustments in the offshore earnings resulted in no impact to the effective tax rate as it is primarily offset by net operating losses that are subject to a full valuation allowance. As a result of the transition tax, we recorded a deferred tax asset of approximately $45.1 million for foreign tax credits, which are also subject to a full valuation allowance.

	January 31,

	2019	2018

Stock-based compensation	$25.9	$26.7

Research and development tax credit carryforwards	238.7	170.3

Foreign tax credit carryforwards	198.6	162.2

Accrued compensation and benefits	6.5	25.9

Other accruals not currently deductible for tax	19.0	22.9

Purchased technology and capitalized software	32.6	43.4

Fixed assets	15.0	16.5

Tax loss carryforwards	237.2	85.7

Deferred revenue	49.0	120.3

Other	28.4	32.4

Total deferred tax assets	850.9	706.3

Less: valuation allowance	(797.8)	(634.2)

Net deferred tax assets	53.1	72.1

Indefinite lived intangibles	(67.6)	(57.0)

Total deferred tax liabilities	(67.6)	(57.0)

Net deferred tax assets (liabilities)	$(14.5)	$15.1


Question: If the stock-based compensation in 2018 is now $28 million, what is the change in stock-based compensation from 2018 to 2019?

Answer: 2.1


Question: If the stock-based compensation for 2017 is $28.5 million, what is the average stock-based compensation for the three year period from 2017 to 2019?

Answer: 27.03


Question: What would be the average cost of subscription between 2017 to 2019 if the cost of subscription in 2019 is decreased by $500,000?

Answer: 119489

Context:
Cost of Revenues and Gross Margin Subscription cost of revenues and gross margin. Cost of subscriptions revenues increased by $50.9 million, or 46%, during fiscal year 2019 as compared to fiscal year 2018. Primary drivers of the increase were increases in third-party costs to support our solution offerings of $21.5 million, infrastructure support costs of $19.8 million including amortization expense from acquired intangible assets, and headcount and personnel and contractor related costs of $9.6 million including share-based compensation expense. These factors resulted in a decrease in gross margin. The increase in headcount and other expense categories described herein was driven primarily by 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. We expect subscription gross margin to be within a relatively similar range in the future. Other cost of revenues and gross margin. Cost of other revenues increased by $23.0 million, or 48%, during fiscal year 2019 as compared to fiscal year 2018. This was primarily due to the increase in services personnel costs of $11.1 million including share-based compensation expense, cost of product sales of $10.6 million, and overhead costs of $1.3 million. Other revenues gross margin fluctuates based on timing of completion of professional services projects and discounting on phones.

	Year ended December 31,				Year ended December 31,

(in thousands, except percentages)	2019	2018	$ Change	% Change	2018	2017	$ Change	% Change

Cost of revenues

Subscriptions	$160,320	$109,454	$50,866	46%	$109,454	$89,193	$20,261	23%

Other	70,723	47,675	23,048	48%	47,675	32,078	15,597	49%

Total cost of revenues	$231,043	$157,129	$73,914	47%	$157,129	$121,271	$35,858	30%

Percentage of revenues

Subscriptions	18%	16%			16%	18%

Other	8%	7%			7%	6%

Gross margins

Subscriptions	80%	82%			82%	81%

Other	17%	22%			22%	16%

Total gross margin %	74%	77%			77%	76%


Question: What would be the value of the subscription costs as a percentage of the total cost of revenue in 2019 if the total cost of revenue is increased by 10% while subscription costs remains the same?

Answer: 63.08


Question: What would be the average total cost of revenue between 2017 to 2019 if the total cost in 2019 is doubled?

Answer: 246828.67


Question: What is the average balance of the total across the 3 years, if there was no allowance for impairment losses in 2019?

Answer: 18964.03

Context:
21. Subsidiaries The advances given to subsidiaries were interest-free and unsecured with settlement neither planned nor likely to occur in the foreseeable future. The deemed investment in a subsidiary, Singtel Group Treasury Pte. Ltd. (“SGT”), arose from financial guarantees provided by the Company for loans drawn down by SGT prior to 1 April 2010. The significant subsidiaries of the Group are set out in Note 44.1 to Note 44.3.

		Company

	31 March 2019	31 March 2018	1 April 2017

	S$ Mil	S$ Mil	S$ Mil

Unquoted equity shares, at cost	14,259.7	13,676.4	11,001.2

Shareholders' advances	5,733.0	5,733.0	6,423.3

Deemed investment in a subsidiary	32.5	32.5	32.5

	20,025.2	19,441.9	17,457.0

Less: Allowance for impairment losses	(16.0)	(16.0)	(16.0)

	20,009.2	19,425.9	17,441.0


Question: What is the average allowance for impairment losses across the 3 years, if it is calculated as 0.1% of the balance before impairment allowances?

Answer: 18.97


Question: How many factors are involved in calculating the balance for subsidiaries, if there was no allowance for impairment losses?

Answer: 3


Question: What was the average operating income for the 3 year period from 2017 to 2019, if the operating income for 2019 was actually $40,000 million?

Answer: 34694.33

Context:
NON-GAAP FINANCIAL MEASURES Non-GAAP operating income, net income, and diluted EPS are non-GAAP financial measures which exclude the net tax impact of transfer of intangible properties, the net tax impact of the TCJA, and restructuring expenses. We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business. For comparability of reporting, management considers non-GAAP measures in conjunction with GAAP financial results in evaluating business performance. These non-GAAP financial measures presented should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. The following table reconciles our financial results reported in accordance with GAAP to non-GAAP financial results: * Not meaningful.

(In millions, except percentages and per share amounts)	2019	2018	2017	Percentage Change 2019 Versus 2018	Percentage Change 2018 Versus 2017

Operating income	$42,959	$35,058	$ 29,025	23%	21%

Net tax impact of transfer of intangible properties	0	0	0	*	*

Net impact of the TCJA	0	0	0	*	*

Restructuring expenses	0	0	306	*	*

Non-GAAP operating income	$42,959	$35,058	$ 29,331	23%	20%

Net income	$39,240	$16,571	$ 25,489	137%	(35)%

Net tax impact of transfer of intangible properties	(2,567)	0	0	*	*

Net tax impact of the TCJA	157	13,696	0

Restructuring expenses	0	0	243	*	*

Non-GAAP net income	$36,830	$30,267	$ 25,732	22%	18%

Diluted earnings per share	$5.06	$2.13	$ 3.25	138%	(34)%

Net tax impact of transfer of intangible properties	(0.33)	0	0	*	*

Net tax impact of the TCJA	0.02	1.75	0	*	*

Restructuring expenses	0	0	0.04	*	*

Non-GAAP diluted earnings per share	$4.75	$3.88	$ 3.29	22%	18%

* not meaningful


Question: What is the average non-GAAP net income for the 3 year period from 2017 to 2019, if the non-GAAP net income in 2019 is now $34,000 million??

Answer: 29999.67


Question: What is the percentage change in operating income from 2017 to 2019, if the operating income in 2019 was $35,000 million?

Answer: 20.59


Question: What would be the change in the Increase related to current year tax positions between 2018 and 2019 if the increase in 2018 was $2,000 thousand instead?

Answer: 834

Context:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) Following the enactment of the 2017 Tax Cut and Jobs Act and the associated one-time transition tax, in general, repatriation of foreign earnings to the US can be completed with no incremental US Tax. However, there are limited other taxes that continue to apply such as foreign withholding and certain state taxes. The company records a deferred tax liability for the estimated foreign earnings and state tax cost associated with the undistributed foreign earnings that are not permanently reinvested. The Tax Act also includes provisions for Global Intangible Low-Taxed Income (“GILTI”) wherein taxes on foreign income are imposed in excess of a deemed return on tangible assets of foreign corporations. We elected to recognize the tax on GILTI as an expense in the period the tax is incurred. We recognize the financial statement benefit of a tax position when it is more-likely-than-not, based on its technical merits, that the position will be sustained upon examination. A tax position that meets the more-likely-than-not threshold is then measured to determine the amount of benefit to be recognized in the financial statements. As of December 31, 2019, we have approximately $5,016 of unrecognized tax benefits, which if recognized, would impact the effective tax rate. We do not anticipate any significant changes in our unrecognized tax benefits within the next 12 months. A reconciliation of the beginning and ending unrecognized tax benefits is provided below: Our continuing practice is to recognize interest and/or penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2019, and 2018, $707 and $2,515, respectively, of interest and penalties were accrued. We are subject to taxation in the U.S., various states, and in non-U.S. jurisdictions. Our U.S. income tax returns are primarily subject to examination from 2016 through 2018; however, U.S. tax authorities also have the ability to review prior tax years to the extent loss carryforwards and tax credit carryforwards are utilized. The open years for the non-U.S. tax returns range from 2008 through 2018 based on local statutes.

	As of December 31,

	2019	2018

Balance at January 1	$3,649	$4,670

Increase related to current year tax positions	2,834	55

(Decrease) increase related to prior year tax positions	(10)	46

Decrease related to lapse in statute of limitation	(1,457)	(1,076)

Decrease related to settlements with taxing authorities	—	(46)

Balance at December 31	$5,016	$3,649


Question: What would be the change in the balance at January 1 between 2018 and 2019 if the balance at January 1 in 2019 was $5,000 thousand instead?

Answer: 330


Question: What would be the percentage change in Balance at December 31 between 2018 and 2019 if the Balance in 2019 was $4,000 thousand instead?

Answer: 9.62


Question: What would be the percentage change in net derivative gains (losses) included in segment operating profit in 2019 compared to 2017 if the net derivative gains in 2019 were $5 million?

Answer: -12.28

Context:
Presentation of Derivative Gains (Losses) for Economic Hedges of Forecasted Cash Flows in Segment Results Derivatives used to manage commodity price risk and foreign currency risk are not designated for hedge accounting treatment. We believe these derivatives provide economic hedges of certain forecasted transactions. As such, these derivatives are recognized at fair market value with realized and unrealized gains and losses recognized in general corporate expenses. The gains and losses are subsequently recognized in the operating results of the reporting segments in the period in which the underlying transaction being economically hedged is included in earnings. In the event that management determines a particular derivative entered into as an economic hedge of a forecasted commodity purchase has ceased to function as an economic hedge, we cease recognizing further gains and losses on such derivatives in corporate expense and begin recognizing such gains and losses within segment operating results, immediately. The following table presents the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions, under this methodology: As of May 26, 2019, the cumulative amount of net derivative gains from economic hedges that had been recognized in general corporate expenses and not yet allocated to reporting segments was $1.4 million. This amount reflected net gains of $1.0 million incurred during the fiscal year ended May 26, 2019, as well as net gains of $0.4 million incurred prior to fiscal 2019. Based on our forecasts of the timing of recognition of the underlying hedged items, we expect to reclassify to segment operating results gains of $0.9 million in fiscal 2020 and $0.5 million in fiscal 2021 and thereafter. Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)

	2019	2018	2017

Net derivative gains (losses) incurred	$(3.6)	$(0.9)	$0.6

Less: Net derivative gains (losses) allocated to reporting segments	(1.8)	(7.1)	5.7

Net derivative gains (losses) recognized in general corporate expenses	$(1.8)	$6.2	$(5.1)

Net derivative gains (losses) allocated to Grocery & Snacks	$(2.1)	$0.2	$3.4

Net derivative gains (losses) allocated to Refrigerated & Frozen	(1.1)	(0.3)	0.8

Net derivative gains (losses) allocated to International	2.8	(6.9)	1.6

Net derivative losses allocated to Foodservice	(0.6)	(0.1)	—

Net derivative losses allocated to Pinnacle Foods	(0.8)	—	—

Net derivative losses allocated to Commercial	—	—	(0.1)

Net derivative gains (losses) included in segment operating profit	$(1.8)	$(7.1)	$5.7


Question: What would be the average net derivative gains (losses) allocated to Grocery & Snacks from 2017 to 2019 if the net derivative gains in 2018 were $2 million?

Answer: 1.1


Question: What would be the total net derivative losses allocated to Foodservice, Pinnacle Foods, as well as Commercial in 2019 if the net derivative losses allocated to Commercial was $(0.5) million?

Answer: -1.9


Question: In which year did Singtel had higher total operating expenses, if cost of equipment sold was S$3,000.0 in 2018?

Answer: 2018

Context:
5. Operating Expenses Notes: (1) Includes equipment costs related to ICT services. (2) Includes supplies and services, as well as rentals of properties and mobile base stations.

	Group

	2019	2018

	S$ Mil	S$ Mil

Cost of equipment sold (1)	3,106.1	2,696.7

Other cost of sales	2,767.1	2,499.2

Staff costs	2,597.3	2,760.1

Selling and administrative costs (2)	2,472.6	2,536.6

Traffic expenses	1,573.4	1,615.8

Repair and maintenance	388.0	367.9

	12,904.5	12,476.3


Question: How many different type of operating expenses are there, if traffic expenses was not a category?

Answer: 5


Question: What is the average of the top 3 operating expenses subcategories in 2019, if the selling and administrative costs was S$3,000.0 Mil?

Answer: 2957.73


Question: What would be the change between the beginning of period balance and end of period balance in 2019 if the end of period  balance was $5,000 thousand instead?

Answer: 2119

Context:
Note 3. Revenue from Contracts with Customers Contract Assets Our contract assets consist of capitalized commission costs and upfront payments made to customers. The current portion of capitalized commission costs and upfront payments made to customers are included in other current assets within our consolidated balance sheets. The non-current portion of capitalized commission costs and upfront payments made to customers are reflected in other assets within our consolidated balance sheets. Our amortization of contract assets during the years ended December 31, 2019 and 2018 were $2.4 million and $2.0 million, respectively. There were no amortized commission costs during the year ended December 31, 2017. We review the capitalized costs for impairment at least annually. Impairment exists if the carrying amount of the asset recognized from contract costs exceeds the remaining amount of consideration we expect to receive in exchange for providing the goods and services to which such asset relates, less the costs that relate directly to providing those good and services and that have not been recognized as an expense. We did not record an impairment loss on our contract assets during the years ended December 31, 2019, 2018 and 2017. The changes in our contract assets are as follows (in thousands):

	Year Ended December 31,

	2019	2018

Beginning of period balance	$2,881	$—

Commission costs and upfront payments to a customer capitalized in period	4,141	4,864

Amortization of contract assets	(2,444)	(1,983)

End of period balance	$4,578	$2,881


Question: How many years would Commission costs and upfront payments to a customer capitalized in period exceed $4,500 thousand if the costs and payments in 2019 was $5,000 thousand instead?

Answer: 2


Question: What would be the percentage change in the Amortization of contract assets between 2018 and 2019 if the Amortization of contract assets in 2019 was -$1,000 thousand instead?

Answer: -49.57


Question: What would be the 2019 percentage change of dividends paid between 2018 and 2019 financial years if total dividends paid in 2019 is $13,723,000?

Answer: 32.05

Context:
20. DIVIDENDS A regular dividend of 3 cents per share has been declared. This final dividend of 3 cents per share, partially franked to 2.6 cents per share, was announced to the market on 23 August 2019. The amount declared has not been recognised as a liability in the accounts of Hansen Technologies Ltd as at 30 June 2019. 1. The final dividend paid of 4 cents per share, franked to 4 cents, comprised of an ordinary dividend of 3 cents per share, together with a special dividend of 1 cent per share. The above available amounts are based on the balance of the dividend franking account at year end adjusted for: • franking credits that will arise from the payment of any current tax liability; • franking debits that will arise from the payment of any dividends recognised as a liability at year end; • franking credits that will arise from the receipt of any dividends recognised as receivables at year end; and • franking credits that the entity may be prevented from distributing in subsequent years.

	2019	2018

	$’000	$’000

Dividends paid during the year (net of dividend re-investment)

4 cent per share final dividend paid 27 September 2018 – fully franked1	7,319

3 cent per share final dividend paid 30 September 2017 – fully franked		5,175

3 cent per share interim dividend paid 29 March 2019 – fully franked	5,318

3 cent per share interim dividend paid 29 March 2018 – fully franked		5,217

	12,637	10,392

Proposed dividend not recognised at the end of the year	5,922	7,865

Dividends franking account

30% franking credits, on a tax paid basis, are available to shareholders of Hansen Technologies Ltd for subsequent financial years	1,586	3,125


Question: How many proposed dividends would not be recognised at the end of both years if that of 2018 is 8,843?

Answer: 14765


Question: What would be the percentage change in franking credits between 2018 and 2019 if franking credits available to shareholders in 2019 is $3,500,000?

Answer: 12


Question: In which year would Other long-term liabilities be larger if the amount in 2019 was $41,715 thousand instead?

Answer: 2019

Context:
Deferred Compensation Plans Under our deferred compensation plans (‘‘plans’’), eligible employees are permitted to make compensation deferrals up to established limits set under the plans and accrue income on these deferrals based on reference to changes in available investment options. While not required by the plan, we choose to invest in insurance contracts and mutual funds in order to approximate the changes in the liability to the employees. These investments and the liability to the employees were as follows (in thousands): Life insurance premiums loads, policy fees and cost of insurance that are paid from the asset investments and gains and losses from the asset investments for these plans are recorded as components of other income or expense; such amounts were net gains of $1.1 million in fiscal 2019, $4.8 million in fiscal 2018 and $5.0 million (including a $1.3 million death benefit) in fiscal 2017. Changes in the obligation to plan participants are recorded as a component of operating expenses and cost of sales; such amounts were net losses of $1.5 million in fiscal 2019, $5.2 million in fiscal 2018 and $3.9 million in fiscal 2017. Liabilities associated with participant balances under our deferred compensation plans are affected by individual contributions and distributions made, as well as gains and losses on the participant’s investment allocation election.

	Fiscal year-end

	2019	2018

Total deferred compensation liability, included in:

Other current liabilities	$3,233	$844

Other long-term liabilities	39,715	40,895

Total deferred compensation liability	$42,948	$41,739


Question: What would the change in Other current liabilities from 2018 to 2019 be if the amount in 2019 was $3,000 thousand instead?

Answer: 2156


Question: What would the percentage change in Other current liabilities from 2018 to 2019 be if the amount in 2019 was $3,000 thousand instead?

Answer: 255.45


Question: Which named executive officer would have had the highest target award opportunity if Richard A. Gottscho has $4,500,000 instead?

Answer: Richard A.Gottscho

Context:
Figure 29. 2016/2018 LTIP Award Grants (1) All of the Market-based PRSUs and one-third of the stock options and service-based RSUs granted to Mr. Anstice under the 2016/2018 LTIP that were scheduled to vest in February 2019 were canceled upon his termination of employment with the Company as of December 5, 2018. (2) The number of Market-based PRSUs awarded is reflected at target. The final number of shares that may have been earned is 0% to 150% of target. In February 2019, the committee determined the payouts for the calendar year 2016/2018 LTIP Awards of Market-based PRSUs. The number of shares represented by the Marketbased PRSUs earned over the performance period was based on our stock price performance compared to the market price performance of the SOX index. Based on the above formula and Market-based PRSU Vesting Summary set forth in Figures 26 and 27, the Company’s stock price performance over the three-year performance period was equal to 89.93% and performance of the SOX index (based on market price) over the same three-year performance period was equal to 84.47%. Lam’s stock price outperformed the SOX index by 5.46%, which resulted in a performance payout of 110.93% to target number of Marketbased PRSUs granted to each NEO. Based on such results, the committee made the following payouts to each NEO for the 2016/2018 LTIP Award of Market-based PRSUs.

Named Executive Officer (1)(2) (1)(2) (1)(2)	Target Award Opportunity ($)	Market-based PRSUs award (#)	Stock Options Award (#)	Service-based RSUs Award (#)

Timothy M.Archer	4,000,000	28,935	34,722	17,361

Douglas R.Bettinger	2,750,000	19,892	23,871	11,935

Richard A.Gottscho	3,250,000	23,509	28,209	14,105

Patrick J. Lord	1,100,000	7,957	—	7,957

Vahid Vahedi	1,100,000	7,957	—	7,957

Seshasayee(Sesha) Varadarajan	1,100,000	7,957	—	7,957


Question: Which named executive officer would have the highest Market-based PRSUs award if the amount Douglas R. Bettinger has was 30,000 instead?

Answer: Douglas R.Bettinger


Question: Which named executive officer would have the highest Stock Options Award if Patrick J. Lord had 35,000 instead?

Answer: Patrick J. Lord


Question: If the total net revenue was $2350 million, what percentage of total net revenue in 2019 came from the US?

Answer: 37.22

Context:
Revenue Disaggregation Autodesk recognizes revenue from the sale of (1) product subscriptions, cloud service offerings, and flexible enterprise business agreements ("EBAs"), (2) renewal fees for existing maintenance plan agreements that were initially purchased with a perpetual software license, and (3) consulting, training and other goods and services. The three categories are presented as line items on Autodesk's Consolidated Statements of Operations. Information regarding the components of Autodesk's net revenue from contracts with customers by geographic location, product family, and sales channel is as follows: (1) Due to changes in the go-to-market offerings of our AutoCAD product subscription, prior period balances have been adjusted to conform to current period presentation. Payments for product subscriptions, industry collections, cloud subscriptions, and maintenance subscriptions are typically due up front with payment terms of 30 to 45 days. Payments on EBAs are typically due in annual installments over the contract term, with payment terms of 30 to 60 days. Autodesk does not have any material variable consideration, such as obligations for returns, refunds, or warranties or amounts payable to customers for which significant estimation or judgment is required as of the reporting date. As of January 31, 2019, Autodesk had total billed and unbilled deferred revenue of $2.7 billion, which represents the total contract price allocated to undelivered performance obligations, which are generally recognized over the next three years. We expect to recognize $1.9 billion or 72% of this revenue during the next 12 months. We expect to recognize the remaining $0.8 billion or 28% of this revenue thereafter. We expect that the amount of billed and unbilled deferred revenue will change from quarter to quarter for several reasons, including the specific timing, duration and size of customer subscription and support agreements, varying billing cycles of such agreements, the specific timing of customer renewals, and foreign currency fluctuations

		Fiscal Year ended January 31,

	2019	2018	2017

Net revenue by product family (1):

Architecture, Engineering and Construction	$1,021.6	$787.5	$810.4

Manufacturing	616.2	528.8	575.2

AutoCAD and AutoCAD LT	731.8	561.4	472.7

Media and Entertainment	182	152.1	138.8

Other	18.2	26.8	33.9

Total net revenue	$2,569.8	$2,056.6	$2,031.0

Net revenue by geographic area:

Americas

U.S.	$874.6	$740.4	$742.1

Other Americas	175.3	130.7	129.8

Total Americas	1,049.9	871.1	871.9

Europe, Middle East and Africa	1,034.3	815.4	800.4

Asia Pacific	485.6	370.1	358.7

Total net revenue	$2,569.8	$2,056.6	$2,031.0

Net revenue by sales channel:

Indirect	$1,830.8	$1,443.8	$1,468.9

Direct	739.0	612.8	562.1

Total net revenue	$2,569.8	$2,056.6	$2,031.0


Question: If the total net revenue for 2018 is now $1950, what is the change in total net revenue from 2019 to 2018?

Answer: 619.8


Question: What is the total revenue from Manufacturing from 2018 to 2019 if the value of 2018 was 622.8?

Answer: 1239


Question: If the Balance of unrecognized tax benefits as at January 1 in 2019 reduced to 37,056 thousand, what would be the revised change between 2018 and 2019?

Answer: 5995

Context:
The following is a roll-forward of the Company’s uncertain tax positions, recorded in other long-term liabilities, from January 1, 2017 to December 31, 2019: The majority of the net increase for positions relates to the potential tax on freight income on changes for positions taken in prior years and an increased number of voyages for the year ended December 31, 2019. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. The interest and penalties on unrecognized tax benefits are included in the roll-forward schedule above, and are increases of approximately $13.2 million, $9.2 million and $6.4 million in 2019, 2018 and 2017, respectively. (all tabular amounts stated in thousands of U.S. dollars, other than share data and unless otherwise indicated)

	Year Ended December 31, 2019	Year Ended December 31, 2018	Year Ended December 31, 2017

	$	$	$

Balance of unrecognized tax benefits as at January 1	40,556	31,061	19,492

Increases for positions related to the current year	5,829	9,297	2,631

Changes for positions taken in prior years	19,119	981	3,475

Decreases related to statute of limitations	(2,546)	(783)	(1,562)

Increase due to acquisition of TIL	—	—	8,528

Decrease due to deconsolidation of Altera	—	—	(1,503)

Balance of unrecognized tax benefits as at December 31	62,958	40,556	31,061


Question: If the Changes for positions taken in prior years in December 31, 2019 reduced to 16,249 thousand, what would be the revised change between 2018 and 2019?

Answer: 15268


Question: Which year would have the highest Balance of unrecognized tax benefits as at December 31 if the value in 2019 was 50,000 thousand instead?

Answer: 2019


Question: If the scientific equipment in 2018 is $600 thousand instead, how much are being decapitalized from 2018 to 2019?

Answer: 3

Context:
NOTE 5 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment is summarized as follows (in thousands): We do not have leasehold improvements nor do we have capitalized leases. Costs of betterments are capitalized while maintenance costs and repair costs are charged to operations as incurred. When a depreciable asset is retired from service, the cost and accumulated depreciation will be removed from the respective accounts. Depreciation expense was $66 thousand and $73 thousand for each of the years ended December 31, 2019 and 2018, respectively.

	December 31,

	2019	2018

Building and improvements	$1,273	$1,273

Scientific equipment	597	598

Computer hardware and software	106	107

Machinery and equipment	274	275

Land and improvements	162	162

Other personal property	70	70

Office equipment	27	27

	2,509	2,512

Less: accumulated depreciation	(1,969)	(1,906)

Total property, plant and equipment, net	$ 540	$ 606


Question: How much assets were decapitalized from 2018 to 2019 if the total property, plant and equipment in 2018 was $2,515 thousand instead?

Answer: 6


Question: Suppose the Net Total property, plant and equipment in 2019 was $600 thousand, what is the new percentage decrease in net total property, plant and equipment from 2018 to 2019?

Answer: 0.99


Question: In which year would the temporary differences be larger if the amount in FY2019 was 100 million instead?

Answer: 2018

Context:
No deferred tax assets were capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences because realisation of the assets in the short-to-medium term is not expected: The loss carry-forwards as of the closing date predominantly concern the German consolidation group. They can be carried forward without limitation.

€ million	30/9/2018	30/9/2019

Corporate tax losses	4,320	4,883

Trade tax losses	3,296	3,679

Interest carry-forwards	57	83

Temporary differences	104	120


Question: What would the change in interest carry-forwards in FY2019 from FY2018 be if the amount in FY2019 was 87 million instead?

Answer: 30


Question: What would the percentage change in interest carry-forwards in FY2019 from FY2018 be if the amount in FY2019 was 87 million instead?

Answer: 52.63


Question: What would be the difference in Goodwill and other intangible assets for FY2019 if the Goodwill was 800 million?

Answer: 238

Context:
Asset position In financial year 2018/19, total assets of continuing and discontinued operations decreased by €709 million to €14.5 billion (30/9/2018: €15.2 billion). In financial year 2018/19, non-current assets from continuing operations decreased by €141 million to €6.7 billion (30/9/2018: €6.9 billion), primarily relating to property, plant and equipment. In addition to cost-efficient investment activities, this was mainly due to individual property sales, while currency effects increased the carrying amount. 1 Adjustment of previous year according to explanation in notes. 2 Adjusted for effects of the discontinued business segment. For more information about the development of non-current assets, see the notes to the consolidated financial statements in the numbers listed in the table.

€ million	Note no.	30/9/2018 1	30/9/2018 adjusted2	30/9/2019

Non-current assets		7,503	6,877	6,736

Goodwill	19	797	778	785

Other intangible assets	20	499	496	562

Property, plant and equipment	21	5,314	4,892	4,760

Investment properties	22	97	97	82

Financial assets	23	88	88	97

Investments accounted for using the equity method	23	178	178	179

Other financial and other non-financial assets	24	202	86	80

Deferred tax assets	25	329	262	191


Question: What would the change in deferred tax assets in FY2019 from FY2018 adjusted be if the amount in FY2019 was 192 million instead?

Answer: -70


Question: What would the percentage change in deferred tax assets in FY2019 from FY2018 adjusted be if the amount in FY2019 was 192 million instead?

Answer: -26.72


Question: In which year would the prior service benefit (cost) for pension plans be larger if the value for 2018 is $56 million instead?

Answer: 2018

Context:
The following table presents cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2017, items recognized as a component of net periodic benefits expense in 2018, additional items deferred during 2018 and cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2017. The items not recognized as a component of net periodic benefits expense have been recorded on our consolidated balance sheets in accumulated other comprehensive loss: (1) Amounts currently recognized in net periodic benefits expense include $375 million of benefit arising from the adoption of ASU 2018-02. See Note 1— Background and Summary of Significant Accounting Policies for further detail. (2) Amounts currently recognized in net periodic benefits expense include $32 million arising from the adoption of ASU 2018-02. See Note 1— Background and Summary of Significant Accounting Policies for further detail.

			As of and for the Years Ended December 31,

	2017	Recognition of Net Periodic Benefits Expense	Deferrals	Net Change in AOCL	2018

			(Dollars in millions)

Accumulated other comprehensive loss:

Pension plans:

Net actuarial (loss) gain	$(2,892)	179	(260)	(81)	(2,973)

Prior service benefit (cost)	54	(8)	—	(8)	46

Deferred income tax benefit (expense)(1)	1,107	(418)	65	(353)	754

Total pension plans	(1,731)	(247)	(195)	(442)	(2,173)

Post-retirement benefit plans:

Net actuarial (loss) gain	(250)	—	257	257	7

Prior service (cost) benefit	(107)	20	—	20	(87)

Deferred income tax benefit (expense)(2)	122	(37)	(63)	(100)	22

Total post-retirement benefit plans	(235)	(17)	194	177	(58)

Total accumulated other comprehensive loss	$(1,966)	(264)	(1)	(265)	(2,231)


Question: What would the sum of the prior service benefit (cost) for pension plans in 2017 and 2018 be if the value for 2018 is $56 million instead?

Answer: 110


Question: What would the percentage change in the deferred income tax benefit (expense) for post-retirement benefit plans in 2018 from 2017 be if the value for 2018 is $32 million instead?

Answer: -73.77


Question: What would be the change in Amount paid to repurchase shares between 2017 and 2018 if the amount paid to repurchase shares in 2018 was $100,000 thousand instead?

Answer: 70007

Context:
Share Repurchase In September 2015, our Board of Directors authorized a program to repurchase up to $150.0 million of our common stock over a thirty-month period. In November 2017, our Board of Directors approved an extension of the share repurchase program to December 2019 from its original maturity of March 2018. In May 2018, our Board of Directors approved a $50 million increase in its authorization to repurchase shares of our common stock under this same program. On December 18, 2019, the Board of Directors authorized to remove the expiration date to the Company’s share repurchase program and increase the authorized amount by $25.1 million. As of December 31, 2019, the Company is authorized to repurchase shares of the Company’s common stock of up to a total of $50.0 million. ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts) In order to execute the repurchase of shares of our common stock, the Company periodically enters into stock repurchase agreements. During the years ended December 31, 2019, 2018 and 2017 the Company has repurchased the following shares of common stock:

		Years Ended December 31,

(in thousands, except per share amounts)	2019	2018	2017

Amount paid to repurchase shares	$ —	$95,125	$29,993

Number of shares repurchased	—	1,696	422

Average repurchase price per share	$ —	$56.07	$71.07


Question: What would be the change in number of shares repurchased between 2017 and 2018 if the number of shares repurchased in 2017 was 1,000 thousand instead?

Answer: 696


Question: What would be the percentage change in the average repurchase price per share between 2017 and 2018 if the average repurchase price per share in 2018 was $80.00 instead?

Answer: 12.57


Question: If Jonathan E. Greene had 130,000 amount and nature of beneficial ownership, how many executive officers and directors own less than 100,000 in nature of beneficial ownership?

Answer: 2

Context:
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS The following table sets forth information regarding the beneficial ownership of our common stock as of March 1, 2020 for (i) each of our directors, (ii) each of our executive officers, (iii) each person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock, and (iv) all of our executive officers and directors as a group. * Less than 1%. (1) Unless otherwise indicated, we believe that all persons named in the above table have sole voting and investment power with respect to all shares of our common stock beneficially owned by them. Unless otherwise indicated the address for each listed beneficial owner is c/o Network-1 Technologies, Inc., 445 Park Avenue, Suite 912, New York, New York 10022. (2) A person is deemed to be the beneficial owner of shares of common stock that can be acquired by such person within 60 days from March 1, 2020 upon the exercise of options or restricted stock units that vest within such 60 day period. Each beneficial owner's percentage ownership is determined by assuming that all stock options and restricted stock units held by such person (but not those held by any other person) and which are exercisable or vested within 60 days from March 1, 2020 have been exercised and vested. Assumes a base of 24,032,941 shares of our common stock outstanding as of March 1, 2020. (3) Includes (i) 3,549,369 shares of common stock held by Mr. Horowitz, (ii) 500,000 shares of common stock subject to currently exercisable stock options held by Mr. Horowitz, (iii) 2,157,097 shares of common stock held by CMH Capital Management Corp., an entity solely owned by Mr. Horowitz, (iv) 134,275 shares of common stock owned by the CMH Capital Management Corp. Profit Sharing Plan, of which Mr. Horowitz is the trustee, (v) 67,470 shares of common stock owned by Donna Slavitt, the wife of Mr. Horowitz, (vi) an aggregate of 452,250 shares of common stock held by two trusts and a custodian account for the benefit of Mr. Horowitz’s three children, and (vii) 2,291 shares of common stock held by Horowitz Partners, a general partnership of which Mr. Horowitz is a partner. Does not include 250,000 shares of common stock subject to restricted stock units that do not vest within 60 days of March 1, 2020. (4) Includes 2,157,097 shares of common stock owned by CMH Capital Management Corp. and 134,275 shares of common stock owned by CMH Capital Management Corp. Profit Sharing Plan. Corey M. Horowitz, by virtue of being the sole officer, director and shareholder of CMH Capital Management Corp. and the trustee of the CMH Capital Management Corp. Profit Sharing Plan, has the sole power to vote and dispose of the shares of common stock owned by CMH Capital Management Corp. and the CMH Capital Management Corp. Profit Sharing Plan. (5) Includes (i) 242,235 shares of common stock and (ii) 3,750 shares of common stock subject to restricted stock units that vest within 60 days of March 1, 2020. Does not include 11,250 shares of common stock subject to restricted stock units that do not vest within 60 days from March 1, 2020. (6) Includes (i) 108,309 shares of common stock and (ii) 3,750 shares of common stock subject to restricted stock units that vest within 60 days of March 1, 2020. Does not include 11,250 shares of common stock subject to restricted stock units that do not vest within 60 days from March 1, 2020. (7) Includes 94,160 shares of common stock. Does not include 27,500 shares of common stock subject to restricted stock units owned by Mr. Kahn that do not vest within 60 days from March 1, 2020. (8) Includes (i) 72,061 shares of common stock and (ii) 3,750 shares of common stock subject to restricted stock units that vest within 60 days of March 1, 2020. Does not include 11,250 shares of common stock subject to restricted stock units that do not vest within 60 days from March 1, 2020. (9) Includes 67,499 shares of common stock. Does not include 35,000 shares of common stock subjected to restricted stock units owned by Mr. Greene that do not vest within 60 days from March 1, 2020. (10) Includes 585,233 shares of common stock owned by Mr. Heinemann and 2,242,582 shares of common stock owned by Goose Hill Capital LLC. Goose Hill Capital LLC is an entity in which Mr. Heinemann is the sole member. Mr. Heinemann, by virtue of being the sole member of Goose Hill Capital LLC, has the sole power to vote and dispose of the shares of common stock owned by Goose Hill Capital LLC. The aforementioned beneficial ownership is based upon Amendment No. 7 to Schedule 13G filed by Mr. Heinemann with the SEC on February 11, 2019. The address for Mr. Heinemann is c/o Goose Hill Capital, LLC, 12378 Indian Road, North Palm Beach, Florida 33408. (11) Includes 2,242,582 shares of common stock. Steven D. Heinemann, by virtue of being the sole member of Goose Hill Capital LLC, has the sole power to vote and dispose of the shares of common stock owned by Goose Hill Capital LLC. The aforementioned beneficial ownership is based upon Amendment No. 7 to Schedule 13G filed by Mr. Heinemann with the SEC on February 11, 2019. The address for Goose Hill Capital LLC is 12378 Indian Road, North Palm Beach, Florida 33408. (12) Includes 1,200,130 shares of common stock. The aforementioned beneficial ownership is based upon a Schedule 13G filed by Mr. Herzog with the SEC on February 10, 2016. The address of Mr. Herzog is 824 Harbor Road, Southport, Connecticut 06890-1410.

NAME AND ADDRESS OF BENEFICIAL OWNER	AMOUNT AND NATURE OF BENEFICIAL OWNERSHIP(1)(2)	PERCENTAGE OF COMMON STOCK BENEFICIALLY OWNED(2)

Executive Officers and Directors:

Corey M. Horowitz(3)	6,862,752	28.0%

CMH Capital Management Corp(4)	2,291,372	9.5%

Niv Harizman(5)	245,985	1.0%

Emanuel Pearlman (6)	112,059	*

David C. Kahn(7)	94,160	*

Allison Hoffman(8)	75,811	*

Jonathan E. Greene(9)	67,499	*

All officers and directors as a group (6 Persons)	7,458,266	30.4%

5% Stockholders:

Steven D. Heinemann(10)	2,827,815	11.8%

Goose Hill Capital LLC(11)	2,242,582	9.3%

John Herzog(12)	1,200,130	5.0%


Question: If John Herzog owned 1,300,130 in amount of nature of beneficial ownership instead, what is the percentage of amount and nature of beneficial ownership for John Herzog among the 5% Stockholders?

Answer: 20.41


Question: If the 5% Stockholders have a total of 3,000,000 in amount and nature of beneficial ownership instead, how much more do all officers and directors as a group have in amount and nature of beneficial ownership as compared to the 5% Stockholders?

Answer: 4458266


Question: What would be the difference in useful lives between buildings and that of Furniture and fixtures if the useful lives of buildings increases by 5 years?

Answer: 18

Context:
Note 7 – Equipment, Leasehold Improvements and Software Equipment, leasehold improvements and software as of December 27, 2019 and December 28, 2018 consisted of the following: Construction-in-process at December 27, 2019 related primarily to the implementation of the Company’s Enterprise Resource Planning (“ERP”) system and at December 28, 2018 related primarily to the implementation of the Company’s ERP system and the buildout of the Company’s headquarters in Ridgefield, CT. The buildout of the Company’s headquarters was completed during fiscal 2019. The rollout of its ERP system will continue through fiscal 2020. The net book value of equipment financed under finance leases at December 27, 2019 and December 28, 2018 was $3,905 and $388, respectively. No interest expense was capitalized during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017.

	Useful Lives	December 27, 2019	December 28, 2018

Land	Indefinite	$1,170	$1,170

Buildings	20 years	1,360	1,292

Machinery and equipment	5-10 years	21,718	17,837

Computers, data processing and other equipment	3-7 years	12,686	11,244

Software	3-7 years	29,305	22,779

Leasehold improvements	1-40 years	70,903	60,565

Furniture and fixtures	7 years	3,309	3,268

Vehicles	5-7 years	6,410	2,769

Other	7 years	95	95

Construction-in-process		9,200	15,757

		156,156	136,776

Less: accumulated depreciation and amortization		(63,310)	(51,500)

Equipment, leasehold improvements and software, net		$92,846	$85,276


Question: What would be the average value of vehicles for 2018 and 2019 if the value in 2019 decreases by $1,000?

Answer: 4089.5


Question: What would be the average value of buildings for 2018 and 2019 if the value in 2019 decreases by $100?

Answer: 1276