Question: If net cash provided by operating activities in 2019 is now $167.9 million, what is the new difference in net cash provided by operating activities in 2019?

Answer: 167

Context:
LIQUIDITY AND CAPITAL RESOURCES Our primary source of cash is from the sale of our software and related services. Our primary use of cash is payment of our operating costs, which consist primarily of employee-related expenses, such as compensation and benefits, as well as general operating expenses for marketing, facilities and overhead costs. In addition to operating expenses, we also use cash to fund our stock repurchase program and invest in our growth initiatives, which include acquisitions of products, technology and businesses. See further discussion of these items below. At January 31, 2019, our principal sources of liquidity were cash, cash equivalents, and marketable securities totaling $953.6 million and net accounts receivable of $474.3 million On December 17, 2018, Autodesk entered into a new Credit Agreement (the “Credit Agreement”) for an unsecured revolving loan facility in the aggregate principal amount of $650.0 million, with an option to request increases in the amount of the credit facility by up to an additional $350.0 million. The Credit Agreement replaced and terminated our $400.0 million Amended and Restated Credit Agreement. The maturity date on the line of credit facility is December 2023. At January 31, 2019, Autodesk had no outstanding borrowings on this line of credit. As of March 25, 2019, we have no amounts outstanding under the credit facility. See Part II, Item 8, Note 8, "Borrowing Arrangements," in the Notes to Consolidated Financial Statements for further discussion on our covenant requirements. If we are unable to remain in compliance with the covenants, we will not be able to draw on our credit facility. On December 17, 2018, we also entered into a Term Loan Agreement (the “Term Loan Agreement”) which provided for a delayed draw term loan facility in the aggregate principal amount of $500.0 million. On December 19, 2018, we borrowed a $500.0 million term loan under the Term Loan Agreement in connection with the acquisition of PlanGrid. See Part II, Item 8,Note 8, "Borrowing Arrangements," in the Notes to Consolidated Financial Statements for further discussion on the Term Loan Agreement terms and Part II, Item 8, Note 6, "Acquisitions" for further discussion on the PlanGrid acquisition. In addition to the term loan, as of January 31, 2019, we have $1.6 billion aggregate principal amount of Notes outstanding. See Part II, Item 8, Note 8, "Borrowing Arrangements," in the Notes to Consolidated Financial Statements for further discussion. Our cash and cash equivalents are held by diversified financial institutions globally. Our primary commercial banking relationship is with Citigroup and its global affiliates. In addition, Citibank N.A., an affiliate of Citigroup, is one of the lead lenders and agent in the syndicate of our $650.0 million line of credit. Long-term cash requirements for items other than normal operating expenses are anticipated for the following: repayment of debt; common stock repurchases; the acquisition of businesses, software products, or technologies complementary to our business; and capital expenditures, including the purchase and implementation of internal-use software applications Our cash, cash equivalents, and marketable securities balances are concentrated in a few locations around the world, with substantial amounts held outside of the United States. As of January 31, 2019, approximately 52% of our total cash or cash equivalents and marketable securities are located in foreign jurisdictions and that percentage will fluctuate subject to business needs. There are several factors that can impact our ability to utilize foreign cash balances, such as foreign exchange restrictions, foreign regulatory restrictions or adverse tax costs. The Tax Act includes a mandatory one-time tax on accumulated earnings of foreign subsidiaries and generally eliminates U.S. taxes on foreign subsidiary distributions in future periods. As a result, earnings in foreign jurisdictions are generally available for distribution to the U.S. with little to no incremental U.S. taxes. We regularly review our capital structure and consider a variety of potential financing alternatives and planning strategies to ensure we have the proper liquidity available in the locations in which it is needed. We expect to meet our liquidity needs through a combination of current cash balances, ongoing cash flows, and external borrowings. Cash from operations could also be affected by various risks and uncertainties, including, but not limited to the risks detailed in Part I, Item 1A titled “Risk Factors.” However, based on our current business plan and revenue prospects, we believe that our existing balances, our anticipated cash flows from operations and our available credit facility will be sufficient to meet our working capital and operating resource expenditure requirements for at least the next 12 months. Our revenue, earnings, cash flows, receivables, and payables are subject to fluctuations due to changes in foreign currency exchange rates, for which we have put in place foreign currency contracts as part of our risk management strategy. See Part II, Item 7A, “Quantitative and Qualitative Disclosures about Market Risk” for further discussion. Net cash provided by operating activities of $377.1 million for fiscal 2019 consisted of $371.8 million of non-cash expenses, including stock-based compensation expense, restructuring charges, net, depreciation, amortization and accretion expense, offsetting our net loss of $80.8 million, and included $86.1 million of cash flow provided by changes in operating assets and liabilities. The primary working capital source of cash was an increase in deferred revenue from $1,955.1 million as of January 31, 2018, to $2,091.4 million as of January 31, 2019. The primary working capital uses of cash were decreases in accounts payable and other accrued liabilities. Net cash used in investing activities was $710.4 million for fiscal 2019 and was primarily due to acquisitions, net of cash acquired and purchases of marketable securities. These cash outflows were partially offset by sales and maturities of marketable securities. At January 31, 2019, our short-term investment portfolio had an estimated fair value of $67.6 million and a cost basis of $62.8 million. The portfolio fair value consisted of $60.3 million of trading securities that were invested in a defined set of mutual funds as directed by the participants in our Deferred Compensation Plan (see Note 7, “Deferred Compensation,” in the Notes to Consolidated Financial Statements for further discussion) and $7.3 million invested in other available-for-sale shortterm securities. Net cash provided by financing activities was $151.9 million in fiscal 2019 and was primarily due to proceeds from debt issuance, net of discount and proceeds from issuance of stock. These cash inflows were partially offset by repurchases of our common stock and taxes paid related to net share settlement of equity awards.

		Fiscal year ended January 31,

(in millions)	2019	2018	2017

Net cash provided by operating activities	$377.1	$0.9	$169.7

Net cash (used in) provided by investing activities	(710.4)	506.4	272.0

Net cash provided by (used in) financing activities	151.9	(656.6)	(578.3)


Question: How much did the net cash provided by operating activities gain from fiscal year ending 31 January, 2019 compared to that of fiscal year ending 31 January, 2017 if it was 350 million in 2019?

Answer: 106.25


Question: If the deferred revenue in Jan 2018 was $1800 million, how much is the increase in primary working capital use of cash from 2018 to 2019?

Answer: 291.4


Question: How much is the change in transaction costs from 2018 to 2019 if 2019 transaction costs was 90,000?

Answer: 20024

Context:
8 EXPENSES BY NATURE Note: (a) Transaction costs primarily consist of bank handling fees, channel and distribution costs. (b) During the year ended 31 December 2019, the Group incurred expenses for the purpose of research and development of approximately RMB30,387 million (2018: RMB22,936 million), which comprised employee benefits expenses of approximately RMB24,478 million (2018: RMB19,088 million). During the year ended 31 December 2019, employee benefits expenses included the share-based compensation expenses of approximately RMB10,500 million (2018: RMB7,900 million). No significant development expenses had been capitalised for the years ended 31 December 2019 and 2018. (c) Included the amortisation charges of intangible assets mainly in respect of media contents. During the year ended 31 December 2019, amortisation of intangible assets included the amortisation of intangible assets resulting from business combinations of approximately RMB1,051 million (2018: RMB524 million).

	2019	2018

	RMB’Million	RMB’Million

Transaction costs (Note (a))	85,702	69,976

Employee benefits expenses (Note (b) and Note 13)	53,123	42,153

Content costs (excluding amortisation of intangible assets)	48,321	39,061

Amortisation of intangible assets (Note (c) and Note 20)	28,954	25,616

Bandwidth and server custody fees (excluding depreciation of right-of-use assets)	16,284	15,818

Depreciation of property, plant and equipment, investment properties and right-of-use assets (Note 16 and Note 18)	15,623	8,423

Promotion and advertising expenses	16,405	19,806

Travelling and entertainment expenses	1,773	1,450

Auditor’s remuneration

– Audit and audit-related services	105	110

– Non-audit services	43	26


Question: How much is the change in Employee benefits expenses from 2018 to 2019 if 2019 Employee benefits expenses was 60,000?

Answer: 17847


Question: How much is the change in Promotion and advertising expenses from 2018 to 2019 if 2019 Promotion and advertising expenses was 15,000?

Answer: -4806


Question: Which year did Singtel have a higher interest cover, if the interest cover in 2019 was 30.0?

Answer: 2019

Context:
Management Discussion and Analysis Capital Management and Dividend Policy Notes: (1) Net debt is defined as gross debt less cash and bank balances adjusted for related hedging balances. (2) Net debt gearing ratio is defined as the ratio of net debt to net capitalisation. Net capitalisation is the aggregate of net debt, shareholders’ funds and non-controlling interests. (3) Interest cover refers to the ratio of EBITDA and share of associates’ pre-tax profits to net interest expense. As at 31 March 2019, the Group’s net debt was S$9.9 billion, stable from a year ago. As at 31 March 2019, the Group’s net debt was S$9.9 billion, stable from a year ago. The Group has one of the strongest credit ratings among telecommunication companies in the Asia Pacific region. Singtel is currently rated A1 by Moody’s and A+ by S&P Global Ratings. The Group continues to maintain a healthy capital structure. The Group has one of the strongest credit ratings among telecommunication companies in the Asia Pacific region. Singtel is currently rated A1 by Moody’s and A+ by S&P Global Ratings. The Group continues to maintain a healthy capital structure. For the financial year ended 31 March 2019, the total ordinary dividend payout, including the proposed final dividend, was 17.5 cents per share or 101% of the Group’s underlying net profit and 88% of the Group’s free cash flow (after interest and tax payments). For the financial year ended 31 March 2019, the total ordinary dividend payout, including the proposed final dividend, was 17.5 cents per share or 101% of the Group’s underlying net profit and 88% of the Group’s free cash flow (after interest and tax payments). Singtel is committed to delivering dividends that increase over time with growth in underlying earnings, while maintaining an optimal capital structure and investment grade credit ratings. Barring unforeseen circumstances, it expects to maintain its ordinary dividends at 17.5 cents per share for the next financial year ending 31 March 2020.

	Financial Year ended 31 March

Group	2019	2018

Gross debt (S$ million)	10,396	10,402

Net debt (1) (S$ million)	9,883	9,877

Net debt gearing ratio (2) (%)	24.9	24.9

Net debt to EBITDA and share of associates’ pre-tax proﬁts (number of times)	1.6	1.3

Interest cover (3) (number of times)	16.2	20.1


Question: What is the average gross debt across the 2 years, if the gross debt in 2019 was S$8,000 million?

Answer: 9201


Question: How many factors need to be considered when calculating net capitalisation, if non-controlling interests is zero?

Answer: 2


Question: What would be the change of the gross national amount of cash flow currency hedges from 2018 to 2019 if the gross national amount of cash flow currency hedges in 2019 was $400?

Answer: -138

Context:
Derivative Instruments Derivative Instruments with Hedge Accounting Designation We utilize currency forward contracts that generally mature within 12 months to hedge our exposure to changes in currency exchange rates. Currency forward contracts are measured at fair value based on market-based observable inputs including currency exchange spot and forward rates, interest rates, and credit-risk spreads (Level 2). We do not use derivative instruments for speculative purposes. Cash Flow Hedges: We utilize cash flow hedges for our exposure from changes in currency exchange rates for certain capital expenditures. We recognized losses of $3 million and $17 million and gains of $15 million for 2019, 2018, and 2017, respectively, in accumulated other comprehensive income from the effective portion of cash flow hedges. Neither the amount excluded from hedge effectiveness nor the reclassifications from accumulated other comprehensive income to earnings were material in 2019, 2018, or 2017. The amounts from cash flow hedges included in accumulated other comprehensive income that are expected to be reclassified into earnings in the next 12 months were also not material. (1) Included in receivables – other. (2) Included in accounts payable and accrued expenses – other for forward contracts and in current debt for convertible notes settlement obligations. (3) Notional amounts of convertible notes settlement obligations as of August 29, 2019 and August 30, 2018 were 4 million and 3 million shares of our common stock, respectively.

		Fair Value of

	Gross National Amount	Current Assets(1)	Current Liabilities(2)

As of August 29, 2019

Derivative instruments with hedge accounting designation

Cash flow currency hedges	$146	$1	$—

Derivative instruments without hedge accounting designation

Non-designated currency hedges	1,871	1	(9)

Convertible notes settlement obligation(3)		—	(179)

		1	(188)

		$2	$(188)

As of August 30, 2018

Derivative instruments with hedge accounting designation

Cash flow currency hedges	$538	$—	$(13)

Derivative instruments without hedge accounting designation

Non-designated currency hedges	1,919	14	(10)

Convertible notes settlement obligation(3)		—	(167)

		14	(177)

		$14	$(190)


Question: What would be the average gross national amount of non-designated currency hedges from 2018 to 2019 if the gross national amount of non-designated currency hedges in 2018 was $ 2,500?

Answer: 2209.5


Question: What would be the ratio of the fair value of the total current assets in 2019 to that of 2018 if the value in 2019 increased by 2?

Answer: 0.29


Question: What was the percentage change in Net cash provided by operating activities between 2018 and 2019 if net cash provided by operating activities in 2019 was $2,000 million instead?

Answer: 11.73

Context:
Liquidity and Capital Resources We believe our ability to generate cash flows from operating activities is one of our fundamental financial strengths. In the near term, we expect our business and financial condition to remain strong and to continue to generate significant operating cash flows, which, we believe, in combination with our existing balance of cash and cash equivalents and short-term investments of $5.9 billion, our access to capital, and the availability of our $1.5 billion revolving credit facility, will be sufficient to finance our operational and financing requirements for the next 12 months. Our primary sources of liquidity, which are available to us to fund cash outflows such as potential dividend payments or share repurchases, and scheduled debt maturities, include our cash and cash equivalents, short-term investments, and cash flows provided by operating activities. As of December 31, 2019, the amount of cash and cash equivalents held outside of the U.S. by our foreign subsidiaries was $2.8 billion, as compared to $1.4 billion as of December 31, 2018. These cash balances are generally available for use in the U.S., subject in some cases to certain restrictions. Our cash provided from operating activities is somewhat impacted by seasonality. Working capital needs are impacted by weekly sales, which are generally highest in the fourth quarter due to seasonal and holiday-related sales patterns. We consider, on a continuing basis, various transactions to increase shareholder value and enhance our business results, including acquisitions, divestitures, joint ventures, share repurchases, and other structural changes. These transactions may result in future cash proceeds or payments. Sources of Liquidity (amounts in millions)

	For the Years Ended	December 31,

	2019	2018	Increase (Decrease)

Net cash provided by operating activities	$1,831	$1,790	$41

Net cash used in investing activities	(22)	(230)	208

Net cash used in financing activities	(237)	(2,020)	1,783

Effect of foreign exchange rate changes	(3)	(31)	28

Net increase (decrease) in cash and cash equivalents and restricted cash	$1,569	$(491)	$2,060


Question: What is the increase(decrease) in Net cash provided by operating activities as a percentage of Increase (Decrease) in Net cash used in investing activities if Increase (Decrease) in net cash used in investing activities was $300 million instead?

Answer: 13.67


Question: What is the increase(decrease) in Net cash provided by operating activities as a percentage of Increase (Decrease) in Net cash used in financing activities if Increase (Decrease) in Net cash used in financing activities was $2,000 million instead?

Answer: 2.05


Question: What would be the change in pro forma revenue between 2018 and 2019 if pro forma reenue in 2018 was $1,000,000 thousand instead?

Answer: 382957

Context:
Unaudited Pro Forma Financial Information The pro forma financial information in the table below presents the combined results of operations for ACI and Speedpay as if the acquisition had occurred January 1, 2018. The pro forma information is shown for illustrative purposes only and is not necessarily indicative of future results of operations of the Company or results of operations of the Company that would have actually occurred had the transaction been in effect for the periods presented. This pro forma information is not intended to represent or be indicative of actual results had the acquisition occurred as of the beginning of each period, and does not reflect potential synergies, integration costs, or other such costs or savings. Certain pro forma adjustments have been made to net income (loss) for the year ended December 31, 2019 and 2018, to give effect to estimated adjustments that remove the amortization expense on eliminated Speedpay historical identifiable intangible assets, add amortization expense for the value of acquired identified intangible assets (primarily acquired software, customer relationships, and trademarks), and add estimated interest expense on the Company’s additional Delayed Draw Term Loan and Revolving Credit Facility borrowings. Additionally, certain transaction expenses that are a direct result of the acquisition have been excluded from the year ended December 31, 2019. The following is the unaudited summarized pro forma financial information for the periods presented (in thousands, except per share data): Walletron On May 9, 2019, the Company also completed the acquisition of Walletron, which delivers patented mobile wallet technology. The Company has included the financial results of Walletron in the consolidated financial statements from the date of acquisition, which were not material. RevChip and TranSend On October 1, 2019, the Company acquired certain technology assets of RevChip, LLC ("RevChip") and TranSend Integrated Technologies Inc. ("TranSend") for a combined $7.0 million. As substantially all of the value was in the developed technology, the purchase was recognized as an asset acquisition. The Company has included the financial results of RevChip and TranSend in the consolidated financial statements from the date of acquisition, which were not material.

	Years Ended December 31,

	2019	2018

Pro forma revenue	$1,382,957	$1,361,729

Pro forma net income	$82,003	$88,428

Pro forma income per share:

Basic	$ 0.71	$ 0.76

Diluted	$ 0.69	$ 0.75


Question: What would be the change in pro forma net income between 2018 and 2019 if pro forma net income in 2018 was $80,000 thousand instead?

Answer: 2003


Question: What would be the percentage change in pro forma net income between 2018 and 2019 if pro forma net income in 2019 was $90,000 thousand instead?

Answer: 1.78


Question: Which year would the amount for Usage larger be if the amount for 2019 was 83?

Answer: 2018

Context:
CREDIT RISK We are exposed to credit risk from operating activities and certain financing activities, the maximum exposure of which is represented by the carrying amounts reported in the statements of financial position. We are exposed to credit risk if counterparties to our trade receivables and derivative instruments are unable to meet their obligations. The concentration of credit risk from our customers is minimized because we have a large and diverse customer base. There was minimal credit risk relating to derivative instruments at December 31, 2019 and 2018. We deal with institutions that have investment-grade credit ratings, and as such we expect that they will be able to meet their obligations. We regularly monitor our credit risk and credit exposure. The following table provides the change in allowance for doubtful accounts for trade receivables.

	NOTE	2019	2018

Balance, January 1		(51)	(54)

Adoption of IFRS 9		–	(4)

Additions		(114)	(84)

Usage		103	91

Balance, December 31	10	(62)	(51)


Question: What would the change in the amount for Usage in 2019 be if the amount in 2019 is 101?

Answer: 10


Question: What would the average amount of Usage in 2018 and 2019 be if the amount in 2019 is 101?

Answer: 96


Question: Which year has the highest gross margin percentage if the gross margin percentage for 2019 is 32.5%?

Answer: 2019

Context:
2019 vs 2018 Cost of revenue decreased for the year ended December 31, 2019, compared to the prior year, primarily due to net revenue declining. Gross margin decreased for the year ended December 31, 2019 compared to the prior year. Gross margin was negatively impacted by the imposition of Section 301 tariffs originally announced in late 2018 and cost inefficiencies experienced in our new manufacturing locations outside of China, an increase in channel promotional activities relative to revenue as well as foreign exchange headwinds due to the strengthening of the U.S. dollar. 2018 vs 2017 Cost of revenue decreased for the year ended December 31, 2018 primarily due to improved product margin performance, lower proportionate provisions for warranty expense, and lower air freight costs compared to the prior year. Gross margin increased for the year ended December 31, 2018 compared to the prior year primarily due to improved product margin performance, lower proportionate provisions for sales returns and warranty expense, favorable foreign exchange rate movements and lower air freight costs compared to the prior year. For fiscal 2020, we expect gross margins to improve from fiscal 2019 primarily as our U.S. bound inventory will primarily not be subject to Section 301 tariffs in fiscal 2020. Forecasting gross margin percentages is difficult, and there are a number of risks related to our ability to maintain or improve our current gross margin levels. Our cost of revenue as a percentage of net revenue can vary significantly based upon factors such as: uncertainties surrounding revenue levels, including future pricing and/or potential discounts as a result of the economy or in response to the strengthening of the U.S. dollar in our international markets, and related production level variances; import customs duties and imposed tariffs; competition; changes in technology; changes in product mix; variability of stockbased compensation costs; royalties to third parties; fluctuations in freight and repair costs; manufacturing and purchase price variances; changes in prices on commodity components; warranty costs; and the timing of sales, particularly to service provider customers. We expect that revenue derived from paid subscription service plans will increase in the future, which may have a positive impact on our gross margin. From time to time, however, we may experience fluctuations in our gross margin as a result of the factors discussed above.

			Year Ended December 31

	2019	% Change	2018	% Change	2017

			(In thousands, except percentage data)

Cost of revenue	$704,535	(1.8)%	$717,118	(2.0)%	$731,453

Gross margin percentage	29.5%		32.3%		29.6%


Question: What is the gross margin percentage change from 2017 to 2018 if the gross margin percentage in 2017 is 33.1%?

Answer: -0.8


Question: What was the percentage change in cost of revenue from 2017 to 2019 if the cost of revenue is 742,365 in 2019?

Answer: 1.49


Question: How many years did Capital lease and other financing obligations exceed $40,000 thousand if Capital lease and other financing obligations in 2018 was $45,000 thousand instead?

Answer: 2

Context:
4. Debt, Capital Lease Obligations and Other Financing Debt and capital lease obligations as of September 28, 2019 and September 29, 2018, consisted of the following (in thousands): On June 15, 2018, the Company entered into a Note Purchase Agreement (the “2018 NPA”) pursuant to which it issued an aggregate of$ 150.0 million in principal amount of unsecured senior notes, consisting of $100.0 million in principal amount of 4.05% Series A Senior Notes, due on June 15, 2025, and $50.0 million in principal amount of 4.22% Series B Senior Notes, due on June 15, 2028 (collectively, the “2018 Notes”), in a private placement. The 2018 NPA includes customary operational and financial covenants with which the Company is required to comply, including, among others, maintenance of certain financial ratios such as a total leverage ratio and a minimum interest coverage ratio. The 2018 Notes may be prepaid in whole or in part at any time, subject to payment of a makewhole amount; interest on the 2018 Notes is payable semiannually. At September 28, 2019, the Company was in compliance with the covenants under the 2018 NPA. In connection with the issuance of the 2018 Notes, on June 15, 2018, the Company repaid, on maturity $175.0 million in principal amount of its previous 5.20% Senior Notes. On May 15, 2019, the Company refinanced its then-existing senior unsecured revolving credit facility (the "Prior Credit Facility") by entering into a new5 -year senior unsecured revolving credit facility (collectively with the Prior Credit Facility, referred to as the "Credit Facility"), which expanded the maximum commitment from $300.0 million to $350.0 million and extended the maturity from July 5, 2021 to May 15, 2024. The maximum commitment under the Credit Facility may be further increased to $600.0 million, generally by mutual agreement of the Company and the lenders, subject to certain customary conditions. During fiscal 2019, the highest daily borrowing was $250.0 million; the average daily borrowings were $140.7 million. The Company borrowed $1,084.5 million and repaid $989.5 million of revolving borrowings under the Credit Facility during fiscal 2019. The Company was in compliance with all financial covenants relating to the Credit Agreement, which are generally consistent with those in the 2018 NPA discussed above. The Company is required to pay a commitment fee on the daily unused revolver credit commitment based on the Company's leverage ratio; the fee was 0.125% as of September 28, 2019.

	2019	2018

4.05% Senior Notes, due June 15, 2025	$100,000	$100,000

4.22% Senior Notes, due June 15, 2028	50,000	50,000

Borrowings under the credit facility	95,000	—

Capital lease and other financing obligations	44,492	39,857

Unamortized deferred financing fees	(1,512)	(1,240)

Total obligations	287,980	188,617

Less: current portion	(100,702)	(5,532)

Long-term debt and capital lease obligations, net of current portion	187,278	183,085


Question: What would be the change in the Unamortized deferred financing fees between 2018 and 2019 if the Unamortized deferred financing fees in 2019 was -$1,000 thousand instead?

Answer: 240


Question: What would be the percentage change in Total obligations between 2018 and 2019 if total obligations in 2019 was $200,000 thousand instead?

Answer: 6.03


Question: What would be the increase/ (decrease) in system external revenue from 2017, if the value in 2018 is $8,456

Answer: 262

Context:
Systems revenue of $8,034 million decreased 2.0 percent year to year as reported (2 percent adjusted for currency) driven by strong IBM Z performance in 2017 and continued price pressures impacting Storage Systems in a competitive environment. Both hardware platforms were down year to year for the full year, as reported and adjusted for currency. This performance was partially offset by strong growth in Power Systems (which grew as reported and adjusted for currency in 2018) with strong performance in POWER9-based systems and Linux throughout the year. Within Systems, cloud revenue of $3.1 billion decreased 10 percent as reported and adjusted for currency compared to the prior year reflecting IBM Z product cycle dynamics.

($ in millions)

For the year ended December 31:	2018		Yr.-to-Yr. Percent Change	Yr.-to-Yr. Percent Change Adjusted for Currency

Systems external revenue	$8,034	$8,194	(2.0)%	(2.3)%

Systems Hardware	$6,363	$6,494	(2.0)%	(2.3)%

IBM Z			(5.4)	(5.6)

Power Systems			8.8	8.7

Storage Systems			(5.5)	(5.9)

Operating Systems Software	1,671	1,701	(1.7)	(2.4)


Question: What would be the increase/ (decrease) in Systems Hardware from 2017, if the value in 2018 is $ 5,311

Answer: -1183


Question: What would be the increase/ (decrease) in Operating Systems Software from 2017, if the value in 2018 is 1,838

Answer: 137


Question: What would be the average difference between EBITDA and NPAT for both FYs if NPAT for FY19 increase by 20%?

Answer: 28.8

Context:
Review of operations The Group’s operating performance for the fiscal year compared to last year is as follows: 1. The Directors believe the information additional to IFRS measures included in the report is relevant and useful in measuring the financial performance of the Group. These include: EBITDA, NPATA and EPSa. These measures have been defined in the Chairperson and Chief Executive Officer’s Joint Report on page 2. In 2019 the business continued to deliver strong results after the record 2018 year. Revenues and EBITDA were in line with guidance. Further details on the Group’s results are outlined in the Chairperson and Chief Executive Officer’s Joint Report on page 2. On 1 June 2019, Hansen acquired the Sigma Systems business (Sigma) and one month of these results are included in the FY19 result. Also included in the results are the transaction and other restructuring costs related to the acquisition, which we have identified as separately disclosed items in our results. This acquisition has also resulted in the re-balancing of the Group’s market portfolio which, post the acquisition of Enoro in FY18, was initially weighted towards the Utilities sector. With Sigma’s revenues concentrated in the Communications sector, the Group’s revenue portfolio is now re-balanced to ensure greater diversification across multiple industries, regions and clients. The Group has generated operating cash flows of $39.7 million, which has been used to retire external debt and fund dividends of $12.6 million during the financial year. With the introduction of a higher level of debt in June 2019 to fund the Sigma acquisition, the Group has, for the first time, used the strength of the Group’s balance sheet to fund 100% of an acquisition. With the Group’s strong cash generation, Hansen is well placed to service and retire the debt over the coming years.

	2019	2018

	A$ Million	A$ Million	Variance %

Operating revenue	231.3	230.8	0.2%

EBITDA1	53.0	59.3	(10.6%)

NPAT	21.5	28.9	(25.6%)

NPATA1	31.2	38.0	(17.9%)

Basic earnings per share (EPS) (cents)	10.9	14.8	(26.4%)

Basic EPSa1 (cents)	15.8	19.4	(18.6%)


Question: What would be the average basic EPSa if basic EPSa for FY18 is 19.8 cents?

Answer: 17.8


Question: What would be the average difference between basic EPS and basic EPSa for both FYs, if basic EPSa for FY19 is 17.2 cents?

Answer: 5.45


Question: In which year would the dividend declared be higher  if the dividend declared in 2019 is (2,970) thousand?

Answer: 2019

Context:
GasLog Ltd. and its Subsidiaries Notes to the consolidated financial statements (Continued) For the years ended December 31, 2017, 2018 and 2019 (All amounts expressed in thousands of U.S. Dollars, except share and per share data) Investment in associates and joint venture consist of the following: The additions of $158 relate to the investment in Gastrade (December 31, 2018: $136). On February 9, 2017, GasLog acquired a 20% shareholding in Gastrade, a private limited company licensed to develop an independent natural gas system offshore Alexandroupolis in Northern Greece utilizing an FSRU along with other fixed infrastructure. GasLog, as well as being a shareholder, will provide operations and maintenance (‘‘O&M’’) services for the FSRU through an O&M agreement which was signed on February 23, 2018.

	Associates

	2018	2019

As of January 1,	20,800	20,713

Additions	136	158

Share of profit of associates	1,800	1,627

Dividend declared	(2,023)	(878)

As of December 31,	20,713	21,620


Question: What would be the change in additions from 2018 to 2019 if the additions in 2019 is 200 thousand?

Answer: 64


Question: What would be the percentage change in share of profit of associates from 2018 to 2019 if the share of profit of associates was 1,930 thousand in 2019?

Answer: 7.22


Question: In which year would Materials processing be a larger percentage of total net sales if the amount in 2019 was 27.3% instead?

Answer: 2018

Context:
Net Sales Market Application The following table sets forth, for the periods indicated, the amount of net sales and their relative percentages of total net sales by market application (dollars in thousands): During fiscal 2019, net sales decreased by $471.9 million, or 25%, compared to fiscal 2018, with decreases in the microelectronics and materials processing markets, partially offset by increases in the OEM components and instrumentation market. Ondax, which we acquired on October 5, 2018, contributed $6.4 million in incremental net sales to the materials processing market in the ILS segment in fiscal 2019. In fiscal 2019, we continued to experience weaker demand in the microelectronics and materials processing markets. Entering fiscal 2020, we have started seeing indications which could lead to increased future demand in the microelectronics flat panel display market, but this is balanced by possible continuing headwinds in the global materials processing industry.

	Fiscal 2019		Fiscal 2018

	Amount	Percentage of total net sales	Amount	Percentage of total net sales

Microelectronics	$632,176	44.2%	$1,036,354	54.5%

Materials processing	404,878	28.3%	520,904	27.4%

OEM components and instrumentation	266,788	18.6%	220,823	11.6%

Scientific and government programs	126,798	8.9%	124,492	6.5%

Total	$1,430,640	100.0%	$1,902,573	100.0%


Question: What would the change in the amount of OEM components and instrumentation in 2019 from 2018 be if the amount in 2019 was $267,000 thousand instead?

Answer: 46177


Question: What would the percentage change in the amount of OEM components and instrumentation in 2019 from 2018 be if the amount in 2019 was $267,000 thousand instead?

Answer: 20.91


Question: If the defined benefit plans in 2019 increased to 584 million what is the revised change in defined benefit plans from 2019 to 2018?

Answer: 208

Context:
Amounts in the financial statements Group income statement The expense or income arising from all group retirement benefit arrangements recognised in the group income statement is shown below. a Relates to the removal of future indexation obligations following changes to the benefits provided under certain pension plans operating outside the UK in 2017/18. b All employees impacted by the closure of the BTPS receive transition payments into their BTRSS pot for a period linked to the employee’s age. There was no past service cost or credit on closure due to the assumed past service benefit link as an active member being the same as that assumed for a deferred member. c In October, a High Court judgment involving the Lloyds Banking Group’s defined benefit pension schemes was handed down, resulting in the group needing to recognise additional liability to equalise benefits between men and women due to GMPs, in common with most UK defined benefit schemes.

	2019	2018	2017

Year ended 31 March	£m	£m	£m

Recognised in the income statement before specific items

Service cost (including administration expenses & PPF levy:

defined benefit plans	135	376	281

defined contribution plans	476	265	240

Past service credit a	–	(17)	–

Subtotal	611	624	521

Recognised in the income statement as specific items (note 10)

Costs to close BT Pension Scheme and provide transition paymentsb for affected employees	23	–	–

Cost to equalise benefits between men and women due to guaranteed minimum pension (GMP) c	26	–	–

Net interest expense on pensions deficit included in specific items	139	218	209

Subtotal	188	218	209

Total recognised in the income statement	799	842	730


Question: If the defined contribution plans in 2019 increased to 611 million what is the revised change in defined contribution plans from 2019 to 2018?

Answer: 346


Question: If the Total recognised in the income statement in 2019 increased to 970 million what is the revised change in Total recognised in the income statement from 2019 to 2018?

Answer: 128


Question: What would be the average net cash provided by operating activities for 2018 and 2019 if net cash provided by operating activities for year ended 2018 was $15,000 thousands?

Answer: 42807.5

Context:
Cash, Cash Equivalents and Marketable Securities Cash, cash equivalents, and marketable securities increased by $485.5 million to $2,455.2 million as at December 31, 2019 from $ 1,969.7 million as at December 31, 2018, primarily as a result of proceeds from the public offering in September 2019, cash provided by our operating activities, and proceeds from the exercise of stock options. Cash equivalents and marketable securities include money market funds, repurchase agreements, term deposits, U.S. and Canadian federal bonds, corporate bonds, and commercial paper, all maturing within the 12 months from December 31, 2019. The following table summarizes our total cash, cash equivalents and marketable securities as at December 31, 2019 and 2018 as well as our operating, investing and financing activities for the years ended December 31, 2019 and 2018: Cash Flows From Operating Activities Our largest source of operating cash is from subscription solutions. These payments are typically paid to us at the beginning of the applicable subscription period, except for our Shopify Plus merchants who typically pay us at the end of their monthly billing cycle. We also generate significant cash flows from our Shopify Payments processing fee arrangements, which are received on a daily basis as transactions are processed. Our primary uses of cash from operating activities are for third-party payment processing fees, employee-related expenditures, advancing funds to merchants through Shopify Capital, marketing programs, third-party shipping and fulfillment partners, outsourced hosting costs, and leased facilities. For the year ended December 31, 2019, cash provided by operating activities was $70.6 million. This was primarily as a result of our net loss of $124.8 million, which once adjusted for $158.5 million of stock-based compensation expense, $35.7 million of amortization and depreciation, a $37.9 million increase in deferred income taxes, a $15.9 million increase of our provision for uncollectible merchant cash advances and loans, and an unrealized foreign exchange loss of $3.2 million, contributed $50.4 million of positive cash flows. Additional cash of $162.9 million resulted from the following increases in operating liabilities: $84.6 million in accounts payable and accrued liabilities due to indirect taxes payable, payroll liabilities, and payment processing and interchange fees; $64.6 million in income tax assets and liabilities; $12.3 million in deferred revenue due to the growth in sales of our subscription solutions along with the acquisition of 6RS; and $1.5 million increase in net lease liabilities. These were offset by $142.8 million of cash used resulting from the following increases in operating assets: $74.2 million in merchant cash advances and loans as we continued to grow Shopify Capital; $56.2 million in trade and other receivables; and $12.4 million in other current assets driven primarily by an increase in prepaid expenses, forward contract assets designated for hedge accounting, and deposits. For the year ended December 31, 2018, cash provided by operating activities was $9.3 million. This was primarily as a result of our net loss of $64.6 million, which once adjusted for $95.7 million of stock-based compensation expense, $27.1 million of amortization and depreciation, a $5.9 million increase of our provision for uncollectible merchant cash advances, and an unrealized foreign exchange loss of $1.3 million, contributed $65.4 million of positive cash flows. Additional cash of $38.1 million resulted from the following increases in operating liabilities: $20.6 million in accounts payable and accrued liabilities; $9.0 million in deferred revenue; and $8.4 million in lease liabilities. These were offset by $94.2 million of cash used resulting from the following increases in operating assets: $50.7 million in merchant cash advances and loans; $32.6 million in trade and other receivables; and $10.8 million in other current assets. Cash Flows From Investing Activities Cash flows used in investing activities are primarily related to the purchase and sale of marketable securities, business acquisitions, purchases of leasehold improvements and furniture and fixtures to support our expanding infrastructure and workforce, purchases of computer equipment, and software development costs eligible for capitalization. Net cash used in investing activities in the year ended December 31, 2019 was $ 569.5 million, which was driven by $265.5 million used to make business acquisitions, most of which was for the 6RS acquisition on October 17, 2019, net purchases of $241.6 million in marketable securities, $ 56.8 million used to purchase property and equipment, which primarily consisted of expenditures on leasehold improvements, and $5.6 million used for purchasing and developing software to add functionality to our platform and support our expanding merchant base. Net cash used in investing activities in the year ended December 31, 2018 was $810.6 million, reflecting net purchases of $749.7 million in marketable securities. Cash used in investing activities also included $28.0 million used to purchase property and equipment, which primarily consisted of expenditures on leasehold improvements, $19.4 million used to make business acquisitions, and $13.6 million used for purchasing and developing software. Cash Flows From Financing Activities To date, cash flows from financing activities have related to proceeds from private placements, public offerings, and exercises of stock options. Net cash provided by financing activities in the year ended December 31, 2019 was $736.4 million driven mainly by the $688.0 million raised by our September 2019 public offering, and $48.3 million in proceeds from the issuance of Class A subordinate voting shares and Class B multiple voting shares as a result of stock option exercises. This compares to $1,072.2 million for the same period in 2018 of which $1,041.7 million was raised by our February and December 2018 public offerings while the remaining $30.5 million related to stock option exercises.

	Years ended December 31,

	2019	2018

	(in thousands)

Cash, cash equivalents and marketable securities (end of period)	$2,455,194	1,969,670

Net cash provided by (used in):

Operating activities	$70,615	$9,324

Investing activities	(569,475)	(810,633)

Financing activities	736,351	1,072,182

Effect of foreign exchange on cash and cash equivalents	1,742	(1,867)

Net increase in cash and cash equivalents	239,233	269,006

Change in marketable securities	246,291	762,625

Net increase in cash, cash equivalents and marketable securities	$485,524	$1,031,631


Question: What would be the average net cash provided by financing activities for 2018 and 2019 if net cash provided by financing activities for year ended 2018 was $900,000 thousands?

Answer: 818175.5


Question: What would be the change in net increase in cash and cash equivalents for year ended 2018 and 2019 if net increase in cash and cash equivalents for year ended 2018 was $300,000 thousands?

Answer: -60767


Question: If Sales and marketing expenses in 2019 was 140,000 thousands, what would be the average for 2018 and 2019?

Answer: 18754

Context:
Operating expenses nm—not meaningful Research and development expenses Research and development expenses increased $19.6 million in the year ended March 31, 2019 compared to the year ended March 31, 2018, which was primarily attributable to increases in personnel-related costs of $11.8 million, share-based compensation expense of $3.6 million and information technology and facility costs of $1.6 million. Research and development expenses for the year ended March 31, 2019 as compared to the year ended March 31, 2018 were positively impacted by approximately $0.5 million primarily as a result of the strengthening of the U.S. dollar relative to the British pound. Personnel-related cost increased primarily as a result of salaries and benefits associated with increased headcount throughout the year, share-based compensation expense increased primarily as a result of share option grants since the prior year and information technology and facility costs increased primarily as a result of increased headcount. Sales and marketing expenses Sales and marketing expenses increased $17.9 million in the year ended March 31, 2019 compared to the year ended March 31, 2018, which was primarily attributable to increases in information technology and facilities costs of $5.3 million, personnel-related costs of $4.0 million, share-based compensation expense of $3.4 million, professional services of $2.7 million, travel and other costs of $1.2 million and marketing costs of $1.1 million. Sales and marketing expenses for the year ended March 31, 2019 as compared to the year ended March 31, 2018 were positively impacted by approximately $1.5 million primarily as a result of the strengthening of the U.S. dollar relative to the Australian dollar, South African rand and British pound. Information technology and facilities costs and travel and other costs increased primarily as a result of increased headcount. Personnel-related costs increased primarily as a result of salaries and benefits associated with increased headcount and commissions, partially offset by the impact of adopting ASC 606, which resulted in capitalizing $13.8 million of commissions that would have been expensed under the prior accounting rules. Share-based compensation expense increased primarily as a result of share option grants since the prior year. Professional services costs increased primarily due to increased consulting fees. General and administrative expenses General and administrative expenses increased $16.8 million in the year ended March 31, 2019 compared to the year ended March 31, 2018, which was primarily attributable to increases in personnel-related costs of $6.3 million, share-based compensation expense of $5.8 million, information technology and facilities costs of $1.9 million, professional services costs of $1.2 million and litigation-related expenses of $1.0 million. Personnel-related costs increased primarily as a result of salaries and benefits associated with increased headcount. Share-based compensation expense increased primarily as a result of share option grants since the prior year and to a lesser extent the impact of share option modifications. Information technology and facility costs increased primarily as a result of increased headcount. Professional services costs increased primarily due to acquisition-related expenses. Restructuring and Impairment of long-lived assets In the second quarter of fiscal 2019, we recorded a revision to restructuring expense of $0.2 million related to the exit of our Watertown, Massachusetts corporate office space. In the fourth quarter of fiscal 2018, upon the exit of our Watertown, Massachusetts corporate office space, we recorded a restructuring charge of $0.8 million for the remaining non-cancelable rent and estimated operating expenses for the vacated premises, net of sublease rentals and we recorded a non-cash impairment charge of $1.7 million primarily related to leasehold improvements.

	Year ended March 31,		Period-to-period change

	2019	2018	Amount	% Change

			(dollars in thousands)

Operating expenses:

Research and development	$57,939	$38,373	$19,566	51%

Sales and marketing	139,194	121,246	17,948	15%

General and administrative	53,759	36,989	16,770	45%

Impairment of long-lived assets	—	1,712	(1,712)	nm

Restructuring	(170)	832	(1,002)	nm

Total operating expenses	$250,722	$199,152	$51,570	26%


Question: If General and administrative in 2019 was 60,000 thousands, what percentage of total operating expenses would it be?

Answer: 23.93


Question: If Total operating expenses in 2019 was 180,000 thousands, in which year would it be less than 200,000 thousands?

Answer: 2019

Answer: 2018


Question: How many years did cash flows provided by operating activities exceed $100 million if Cash flows provided by operating activities in 2018 was $150 million instead?

Answer: 2

Context:
Free Cash Flow. We define free cash flow ("FCF"), a non-GAAP financial measure, as cash flow provided by operations less capital expenditures. FCF was$ 24.7 million for fiscal 2019 compared to $4.0 million for fiscal 2018, an increase of $20.7 million. Non-GAAP financial measures, including FCF, are used for internal management assessments because such measures provide additional insight to investors into ongoing financial performance. In particular, we provide FCF because we believe it offers insight into the metrics that are driving management decisions. We view FCF as an important financial metric as it demonstrates our ability to generate cash and can allow us to pursue opportunities that enhance shareholder value. FCF is a non-GAAP financial measure that should be considered in addition to, not as a substitute for, measures of our financial performance prepared in accordance with GAAP. A reconciliation of FCF to our financial statements that were prepared using GAAP follows (in millions):

	2019	2018

Cash flows provided by operating activities	$115.3	$66.8

Payments for property, plant and equipment	(90.6)	(62.8)

Free cash flow	24.7	4.0


Question: What would be the change in Payments for property, plant and equipment between 2018 and 2019 if Payments for property, plant and equipment in 2019 was -$60 million instead?

Answer: 2.8


Question: What would be the percentage change in the free cash flow between 2018 and 2019 if the free cash flow in 2019 was $10 million instead?

Answer: 150


Question: What would be the average net cash provided by operating activities in 2017 and 2018 if the amount in 2018 is decreased by $500,000?

Answer: 122561.5

Context:
Liquidity and Capital Resources In assessing our short term and long term liquidity, management reviews and analyzes our current cash balances, short-term investments, accounts receivable, accounts payable, accrued liabilities, capital expenditure and operating expense commitments, and required finance lease, interest and debt payments and other obligations. In assessing our short term and long term liquidity, management reviews and analyzes our current cash balances, short-term investments, accounts receivable, accounts payable, accrued liabilities, capital expenditure and operating expense commitments, and required finance lease, interest and debt payments and other obligations. The following table sets forth our consolidated cash flows. Net Cash Provided By Operating Activities. Our primary source of operating cash is receipts from our customers who are billed on a monthly basis for our services. Our primary uses of operating cash are payments made to our vendors, employees and interest payments made to our finance lease vendors and our note holders. Our changes in cash provided by operating activities are primarily due to changes in our operating profit and changes in our interest payments. Cash provided by operating activities for 2019, 2018 and 2017 includes interest payments on our note obligations of $38.0 million, $32.7 million and $30.8 million, respectively. Net Cash Used In Investing Activities. Our primary use of investing cash is for purchases of property and equipment. These amounts were $47.0 million, $49.9 million and $45.8 million for 2019, 2018 and 2017, respectively. The annual changes in purchases of property and equipment are primarily due to the timing and scope of our network expansion activities including geographic expansion and adding buildings to our network. In 2019, 2018 and 2017 we obtained $11.3 million, $9.9 million and $9.0 million, respectively, of network equipment and software in non-cash exchanges for notes payable under an installment payment agreement. Net Cash Provided By (Used In) Financing Activities. Our primary uses of cash for financing activities are for dividend payments, stock purchases and principal payments under our finance lease obligations. Amounts paid under our stock buyback program were $6.6 million for 2018 and $1.8 million for 2017. There were no stock purchases for 2019. During 2019, 2018 and 2017 we paid $112.6 million, $97.9 million and $81.7 million, respectively, for our quarterly dividend payments. Our quarterly dividend payments have increased due to regular quarterly increases in our quarterly dividend per share amounts. Principal payments under our finance lease obligations were $9.1 million, $10.3 million and $11.2 million for 2019, 2018 and 2017, respectively, and are impacted by the timing and extent of our network expansion activities. Our financing activities also include proceeds from and repayments of our debt offerings. In June 2019 we received net proceeds of $152.1 million from the issuance of our €135.0 million of 2024 Notes. In August 2018 we received net proceeds of $69.9 million from the issuance of our $70.0 million of senior secured notes. Total installment payment agreement principal payments were $10.0 million, $9.4 million and $3.8 million for 2019, 2018 and 2017, respectively.

		Year Ended December 31,

	2019	2018	2017

		(in thousands)

Net cash provided by operating activities	$ 148,809	$ 133,921	$ 111,702

Net cash used in investing activities	(46,958)	(49,937)	(45,801)

Net cash provided by (used in) financing activities	22,020	(52,545)	(97,267)

Effect of exchange rates on cash	(542)	(2,357)	4,058

Net increase (decrease) in cash and cash equivalents

during the year	$ 123,329	$ 29,082	$ (27,308)


Question: What would be the average net cash provided by operating activities in 2018 and 2019 if the net cash provided in 2019 is doubled?

Answer: 215769.5


Question: What would be the average net cash used in investing activities between 2017 and 2018 if the amount used in 2018 is increased by 10%?

Answer: 50365.85


Question: What is the difference in restaurant facility expenditures between 2018 and 2019 if the restaurant facility expenditures in 2019 was $10,000 instead?

Answer: 7949

Context:
Investing Activities. Cash flows (used in) provided by investing activities changed from a source of$65.7 million in 2018 to a use of $13.8 million in 2019. This change of$79.5 million primarily resulted from a decrease of$62.9 million in cash proceeds from the sale of company-operated restaurants, including repayments of notes issued in connection with 2018 refranchising transactions, and an increase of $9.8 million in capital expenditures. Capital Expenditures — The composition of capital expenditures in each fiscal year is summarized in the table below (in thousands): Our capital expenditure program includes, among other things, restaurant remodeling, information technology enhancements, and investments in new locations and equipment. In 2019, capital expenditures increased by $9.8 million primarily due to an increase of $16.2 million in purchases of assets intended for sale or sale and leaseback, partially offset by a $8.7 million decrease in restaurant capital maintenance and facility improvement spending mainly from a decrease in the average number of company-operated restaurants compared to the prior year. The increase in purchases of assets intended for sale or sale and leaseback was primarily due to the Company’s purchase of a commercial property in Los Angeles, California, on which an existing company restaurant and another retail tenant are located. The purchase price was $17.3 million, and we currently intend to sell the entire property and lease back the parcel on which our company operated restaurant is located within the next 12 months.

	2019	2018

Restaurants:

Restaurant facility expenditures	$9,202	$17,949

Purchases of assets intended for sale or sale and leaseback	21,660	5,497

New restaurants	1,381	2,088

Other, including information technology	3,597	7,572

	35,840	33,106

Corporate Services:

Information technology	9,405	4,584

Other, including facility improvements	2,404	152

	11,809	4,736

Total capital expenditures	$47,649	$37,842


Question: What is the average capital expenditure spent on information technology for 2018 and 2019 if the capital expenditure spent on information technology in 2018 was $6,000 instead?

Answer: 7702.5


Question: What is the difference in total capital expenditure for restaurants and total capital expenditure for corporate services in 2018 if the total capital expenditure for corporate services is $10,000 instead?

Answer: 23106


Question: What would be the change in Foreign income (loss) between 2018 and 2019 if foreign income (loss) in 2019 was $900,000 thousand instead?

Answer: 99702

Context:
4. Income Taxes Provision for Income Taxes Income (loss) before income tax expense is summarized below (in thousands): (1) Includes the elimination of intercompany foreign dividends paid to the U.S.

		Fiscal Year Ended August 31,

	2019	2018	2017

Domestic (1)	$(415,707)	$(426,897)	$(373,690)

Foreign (1)	866,411	800,298	629,923

	$450,704	$373,401	$256,233


Question: How many years would Foreign income (loss) exceed $800,000 thousand if foreign income (loss) in 2019 was $750,000 thousand instead?

Answer: 1


Question: What would be the percentage change in total income (loss) between 2017 and 2018 if total income (loss) in 2018 was $400,000 thousand instead?

Answer: 56.11


Question: If Professional services in 2018 was 21.0% of net revenue, what would be the increase / (decrease) in the percentage of Professional services of net revenue from 2017 to 2018?

Answer: 0.6

Context:
The following table presents the percentage relationship of our Consolidated Statement of Operations line items to our consolidated net revenues for the periods presented: Net revenue. Total revenue decreased $0.3 million, or 0.2% in fiscal 2018 compared to fiscal 2017. Products revenue decreased $4.6 million or 12.1% while support, maintenance and subscription services revenue increased 5.8 million, or 9.1%, as a result of continued focus on selling hosted perpetual and subscription services which increased 35% year over year. Hosted perpetual and subscription services revenue comprised 16% of total consolidated revenues in 2018 compared to 12% in 2017. Professional services revenue decreased $1.4 million, or 5.5%, primarily as a result of a decrease in proprietary services of $1.5 million offset by an increase in remarketed services of $0.1 million. Gross profit and gross profit margin. Our total gross profit increased $0.6 million, or 1.0%, in fiscal 2018 and total gross profit margin increased 0.6% to 50.6%. Products gross profit decreased $2.8 million and gross profit margin decreased 4.6% to 21.7% primarily as a result of lower product revenue coupled with higher amortization of developed technology by $2.0 million related to the previously announced general availability of the latest version of our rGuest Buy and rGuest Stay software that were placed into service in the first and second quarters of fiscal 2017, and the second quarter of fiscal 2018. Support, maintenance and subscription services gross profit increased $6.0 million and gross profit margin increased 260 basis points to 75.8% due to the scalable nature of our infrastructure supporting and hosting customers. Professional services gross profit decreased $2.6 million and gross profit margin decreased 9.0% to 19.2% due to lower professional services revenues on higher cost structure following a recent alignment toward enabling the Company to provide more customer-centric services going forward. Operating expenses Operating expenses, excluding legal settlements and restructuring, severance and other charges, increased $1.0 million, or 1.4%, in fiscal 2018 compared with fiscal 2017. As a percent of total revenue, operating expenses have increased 0.9% in fiscal 2018 compared with fiscal 2017 Product development. Product development includes all expenses associated with research and development. Product development decreased $1.1 million, or 3.8%, during fiscal 2018 as compared to fiscal 2017. This decrease is primarily driven by our shift from contract labor to internal resources resulting in a decrease in contract labor of $5.9 million and an increase in payroll related expenses of $4.7 million. Sales and marketing. Sales and marketing decreased $2.7 million, or 13.2%, in fiscal 2018 compared with fiscal 2017. The change is due primarily to a decrease of $2.2 million in incentive commissions related to revision of our commission plan from total contract value to annual contract value coupled with lower sales in fiscal 2018. Depreciation of fixed assets. Depreciation of fixed assets increased $0.2 million or 9.2% in fiscal 2018 as compared to fiscal 2017. Amortization of intangibles. Amortization of intangibles increased $0.5 million, or 35.0%, in fiscal 2018 as compared to fiscal 2017 due to our latest version of rGuest Pay being placed into service on March 31, 2017. Restructuring, severance and other charges. Restructuring, severance, and other charges increased $0.2 million during fiscal 2018 compared to fiscal 2017 related to our ongoing efforts to create more efficient teams across the business, which included certain executive changes during the year. Our restructuring actions are discussed further in Note 4, Restructuring Charges. Legal settlements. During fiscal 2018 and 2017, we recorded $0.2 million and $0.1 million, respectively, in legal settlements for employment and other business-related matters.

	Year ended March 31,

	2018	2017

Net revenue:

Products	26.5%	30.0%

Support, maintenance and subscription services	54.2	49.6

Professional services	19.3	20.4

Total net revenue	100.0	100.0

Cost of goods sold:

Products (inclusive of developed technology amortization)	20.7	22.1

Support, maintenance and subscription services	13.1	13.3

Professional services	15.6	14.6

Total cost of goods sold	49.4	50.0

Gross profit	50.6	50.0

Operating expenses:

Product development	21.9	22.8

Sales and marketing	14.2	16.3

General and administrative	18.9	15.6

Depreciation of fixed assets	2.1	1.9

Amortization of intangibles	1.5	1.1

Restructuring, severance and other charges	1.4	1.2

Legal settlements	0.1	0.1

Operating loss	(9.5)%	(8.9)%


Question: If total gross profit increased $2.0 million, or 1.0%, in fiscal 2018, What would be total gross profit in 2017?

Answer: 200


Question: If total gross profit increased $2.0 million, or 1.0%, in fiscal 2018, What would be total gross profit in 2018?

Answer: 202


Question: What would be the change in operating income between 2017 and 2018 if the operating income in 2017 was $200 million instead?

Answer: 65

Context:
Results of Operations Consolidated Results of Operations The following tables present certain financial data for the periods indicated (dollars in millions):

		Year ended December 31,

	2019	2018	2017

Revenues	$1,177.2	$1,114.0	$1,051.6

Expenses:

Operating expenses	646.0	625.4	569.5

Depreciation and amortization	236.2	217.0	206.5

Transition and integration costs	5.4	6.6	13.1

Total expenses	887.6	849.0	789.1

Operating income	289.6	265.0	262.5

Operating margin	24.6%	23.8%	25.0%

Interest expense, net	(63.5)	(51.7)	(57.5)

Other expense, net	(1.4)	(7.1)	(12.6)

Earnings before income taxes and equity in losses of unconsolidated affiliates	224.7	206.2	192.4

Income tax expense (benefit)	41.9	37.7	(61.8)

Earnings before equity in losses of unconsolidated affiliates	182.8	168.5	254.2

Equity in losses of unconsolidated affiliates, net of tax	(74.0)	—	—

Net earnings	$108.8	$168.5	$254.2

Earnings per share:

Net earnings per share attributable to Black Knight common shareholders:

Diluted	$0.73	$1.14	$1.47

Weighted average shares of common stock outstanding:

Diluted	148.6	148.2	152.4


Question: How many years did the operating margin exceed 20.0% if the operating margin in 2019 was 19.5% instead?

Answer: 2


Question: What would be the change in net earnings between 2018 and 2019 if net earnings in 2019 was $200 million instead?

Answer: 18.69


Question: What would be the price of outstanding shares as of August 29, 2019, if the Weighted-Average Exercise Price Per Share is $27?

Answer: 324

Context:
Stock Options Our stock options are generally exercisable in increments of either one-fourth or one-third per year beginning one year from the date of grant. Stock options issued after February 2014 expire eight years from the date of grant. Options issued prior to February 2014 expire six years from the date of grant. Option activity for 2019 is summarized as follows: The total intrinsic value was $108 million, $446 million, and $198 million for options exercised in 2019, 2018, and 2017, respectively.

	Number of Shares	Weighted-Average Exercise Price Per Share	Weighted-Average Remaining Contractual Life (In Years)	Aggregate Intrinsic Value

Outstanding as of August 30, 2018	18	$23.38

Granted	—	44.30

Exercised	(5)	17.50

Canceled or expired	(1)	22.60

Outstanding as of August 29, 2019	12	25.94	4.3	$220

Exercisable as of August 29, 2019	7	$25.37	3.7	$143

Unvested as of August 29, 2019	5	26.94	5.5	77


Question: What is the proportion of exercisable shares among the total outstanding shares as of August 29, 2019, if the number of exercisable shares increased by 1?

Answer: 0.67


Question: What would be the total price of shares that were exercised, canceled, or expired if the Weighted-Average Exercise Price Per Share of canceled or expired share is $25?

Answer: 112.5


Question: What would be the change in the cash and cash equivalents between 2019 and 2018 if the value in 2019 increased by $100 thousand?

Answer: 1588

Context:
(l) Cash, Cash Equivalents and Restricted Cash Cash equivalents consist of highly liquid investments with maturities of three months or less on the date of purchase. Restricted cash includes cash and cash equivalents that is restricted through legal contracts, regulations or our intention to use the cash for a specific purpose. Our restricted cash primarily relates to refundable deposits and funds held in escrow. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total amounts shown in the statements of cash flows (in thousands):

	December 31, 2019	December 31, 2018

Cash and cash equivalents	$19,505	$18,017

Restricted cash	1,205	1,444

Total cash, cash equivalents and restricted cash in the consolidated statements of cash flows	$20,710	$19,461


Question: What would be the average restricted cash amount in 2018 and 2019 if the value in 2018 decreased by $200 thousand?

Answer: 1224.5


Question: Which year would have the higher amount of cash and cash equivalents if the value in 2019 was $18,000 thousand instead?

Answer: 2018


Question: What would the percentage change in the revenue from 2018 to 2019 be if the amount in 2019 was 500 thousand instead?

Answer: -58.61

Context:
6.3 Changes in group structure Discontinued operations On 21 December 2018, the Group executed a share sale agreement to sell Infochoice Pty Ltd, a wholly owned subsidiary. At 30 June 2019, Infochoice Pty Ltd was classified as a discontinued operation. The business of Infochoice Pty Ltd represented the Group’s financial services and products comparison operating segment. With Infochoice Pty Ltd being classified as a discontinued operation, its operating results are no longer presented in the segment note. The sale of Infochoice Pty Ltd was completed on 18 February 2019. The results of Infochoice Pty Ltd for the period are presented below:

	CONSOLIDATED

	JUN 2019 $’000	JUN 2018 $’000

Revenue	426	1,208

Expenses	(1,035)	(989)

Operating income	(609)	219

Interest revenue	5	9

Impairment of other intangible assets	(603)	(16,902)

Profit/(loss) before tax from discontinued operations	(1,207)	(16,674)

Tax benefit/(expense) related to current pre-tax loss	(1,150)	(55)

Post-tax profit/(loss) of discontinued operations	(2,357)	(16,729)


Question: What would the percentage change in the interest revenue from 2018 to 2019 be if the amount in 2019 was 6 thousand instead?

Answer: -33.33


Question: In which year would there be a higher revenue if the amount in 2019 was 1,300 thousand instead?

Answer: 2019


Question: Which intangible assets would have the highest proportion of accumulated amortization over cost in 2019 if the accumulated amortization of trade names was $250 thousand?

Answer: Trade names

Context:
Intangible assets Intangible assets include the value assigned to completed technologies, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2019 and 2018 are summarized as follows(amounts shown in thousands, except for years): Amortization expense related to acquired intangible assets was $7.0 million, $4.0 million, and $0.6 million for fiscal years ended September 30, 2019, 2018, and 2017, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.

September 30, 2019:	Weighted Average Amortization Period	Cost	Accumulated Amortization	Net

Completed technologies	6.4 years	$20,341	$7,104	$13,237

Customer relationships	4.8 years	17,628	6,701	10,927

Trade names	4.5 years	618	377	241

Total intangible assets		$38,587	$14,182	$24,405


Question: What would be the percentage constitution of the cost of customer relationships among the total cost of the total intangible assets in 2019 if the total cost was $40,000 thousand instead while the cost of customer relationships remains constant?

Answer: 44.07


Question: What would be the average net value of the three categories of intangible assets in 2019 if the net value of trade names was $3,450 thousand?

Answer: 9204.67


Question: In which year would the Number of shares as adjusted for purposes of computing diluted (loss) earnings per common share  the largest if number of shares for 2019 were 1,000,000 thousand instead?

Answer: 2018

Context:
(13) (Loss) Earnings Per Common Share Basic and diluted (loss) earnings per common share for the years ended December 31, 2019, 2018 and 2017 were calculated as follows: (1) For the year ended December 31, 2019 and December 31, 2018, we excluded from the calculation of diluted loss per share 3.0 million shares and 4.6 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive. Our calculation of diluted (loss) earnings per common share excludes shares of common stock that are issuable upon exercise of stock options when the exercise price is greater than the average market price of our common stock. We also exclude unvested restricted stock awards that are antidilutive as a result of unrecognized compensation cost. Such shares were 6.8 million, 2.7 million and 4.7 million for 2019, 2018 and 2017, respectively.

		Years Ended December, 31

	2019	2018	2017

		(Dollars in millions, except per share amounts, shares in thousands)

Loss income (Numerator):

Net (loss) income	$(5,269)	(1,733)	1,389

Net (loss) income applicable to common stock for computing basic earnings per common share	(5,269)	(1,733)	1,389

Net (loss) income as adjusted for purposes of computing diluted earnings per common share	$(5,269)	(1,733)	1,389

Shares (Denominator):

Weighted average number of shares:

Outstanding during period	1,088,730	1,078,409	635,576

Non-vested restricted stock	(17,289)	(12,543)	(7,768)

Weighted average shares outstanding for computing basic earnings per common share	1,071,441	1,065,866	627,808

Incremental common shares attributable to dilutive securities:

Shares issuable under convertible securities	—	—	10

Shares issuable under incentive compensation plans	—	—	875

Number of shares as adjusted for purposes of computing diluted (loss) earnings per common share	1,071,441	1,065,866	628,693

Basic (loss) earnings per common share	$(4.92)	(1.63)	2.21

Diluted (loss) earnings per common share(1)	$(4.92)	(1.63)	2.21


Question: What would the total amount of unvested restricted stock awards that are antidilutive excluded in 2017, 2018 and 2019 be if the amount in 2019 is 7.8 million shares instead?

Answer: 15.2


Question: What would the average annual amount of unvested restricted stock awards that are antidilutive excluded in 2017, 2018 and 2019 be if the amount in 2019 is 7.8 million shares instead?

Answer: 5.07


Question: If the Balance at January 1 in 2019 increases to 7,871, what is the revised average?

Answer: 6214

Context:
The amount of unrecognized tax benefits at December 31, 2019 increased by $387 million in 2019 to $7,146 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits was as follows: The additions to unrecognized tax benefits related to the current and prior years were primarily attributable to U.S. federal and state tax matters, as well as non-U.S. tax matters, including transfer pricing, credits and incentives. The settlements and reductions to unrecognized tax benefits for tax positions of prior years were primarily attributable to U.S. federal and state tax matters, non-U.S. audits and impacts due to lapse of statute of limitations. The unrecognized tax benefits at December 31, 2019 of $7,146 million can be reduced by $584 million associated with timing adjustments, U.S. tax credits, potential transfer pricing adjustments and state income taxes. The net amount of $6,562 million, if recognized, would favorably affect the company’s effective tax rate. The net amounts at December 31, 2018 and 2017 were $6,041 million and $6,064 million, respectively.

($ in millions)

	2019	2018	2017

Balance at January 1	$6,759	$ 7,031	$3,740

Additions based on tax positions related to the current year	816	394	3,029

Additions for tax positions of prior years	779	1,201	803

Reductions for tax positions of prior years (including impacts due to a lapse of statute)	(922)	(1,686)	(367)

Settlements	(286)	(181)	(174)

Balance at December 31	$7,146	$ 6,759	$7,031


Question: If the Balance at December 31 in 2019 increases to 7,961, what is the revised average?

Answer: 7250.33


Question: If the Settlements in 2019 increases to 334, what is the revised average?

Answer: -257.5


Question: If the Deposits and restricted cash as of June 30, 2019 was $12,523(in thousands) instead, What is the percentage difference of Deposits and restricted cash for June 30, 2019 vs June 30, 2018?

Answer: 32.11

Context:
NOTE 8—OTHER ASSETS Deposits and restricted cash primarily relate to security deposits provided to landlords in accordance with facility lease agreements and cash restricted per the terms of certain contractual-based agreements. Deferred implementation costs relate to direct and relevant costs on implementation of long-term contracts, to the extent such costs can be recovered through guaranteed contract revenues. As a result of the adoption of Topic 606, deferred implementation costs are no longer capitalized, but rather expensed as incurred as these costs do not relate to future performance obligations. Accordingly, these costs were adjusted through opening retained earnings as of July 1, 2018 (see note 3 "Revenues"). Capitalized costs to obtain a contract relate to incremental costs of obtaining a contract, such as sales commissions, which are eligible for capitalization on contracts to the extent that such costs are expected to be recovered (see note 3 "Revenues"). Investments relate to certain non-marketable equity securities in which we are a limited partner. Our interests in each of these investees range from 4% to below 20%. These investments are accounted for using the equity method. Our share of net income or losses based on our interest in these investments is recorded as a component of other income (expense), net in our Consolidated Statements of Income. During the year ended June 30, 2019, our share of income (loss) from these investments was $13.7 million (year ended June 30, 2018 and 2017 — $6.0 million and $6.0 million, respectively). Long-term prepaid expenses and other long-term assets includes advance payments on long-term licenses that are being amortized over the applicable terms of the licenses and other miscellaneous assets.

	As of June 30, 2019	As of June 30, 2018

Deposits and restricted cash	$13,671	$9,479

Deferred implementation costs	—	13,740

Capitalized costs to obtain a contract	35,593	13,027

Investments	67,002	49,635

Long-term prepaid expenses and other long-term assets	32,711	25,386

Total	$148,977	$111,267


Question: If total costs as of June 30, 2019 was $123,564(in thousands) instead, What is the Average annual total costs for both Fiscal years?

Answer: 117415.5


Question: If investment costs as of June 30, 2019 increased by 10,000(in thousands), what is the Investment cost expressed as a percentage of total costs?

Answer: 48.44


Question: If the total operating expense for fiscal year was $3,500 million instead, What would be the total operating expense of fiscal years 2018 and 2019?

Answer: 7253

Context:
Operating expenses Sales and marketing expense decreased primarily due to a $51 million decrease in stock-based compensation expense and a $41 million decrease as a result of the divestiture of our WSS and PKI solutions. Research and development expense decreased primarily due to a $66 million decrease in stockbased compensation expense. General and administrative expense decreased primarily due to a $130 million decrease in stock-based compensation expense. Amortization of intangible assets decreased primarily due to the intangible assets sold with the divestiture of WSS and PKI solutions. Restructuring, transition and other costs reflect a decrease of $70 million in fiscal 2019 compared to fiscal 2018 in severance and other restructuring costs. In addition, fiscal 2018 costs included $88 million of transition related costs related to our fiscal 2018 divestiture of our WSS and PKI solutions compared to $3 million in fiscal 2019.

Fiscal Year			Variance in

	2019	2018	Dollars	Percent

(In millions, except for percentages)

Sales and marketing	$1,493	$1,593	$(100)	(6)%

Research and development	913	956	(43)	(4)%

General and administrative	447	574	(127)	(22)%

Amortization of intangible assets	207	220	(13)	(6)%

Restructuring, transition and other costs	241	410	(169)	(41)%

Total	$3,301	$3,753	$(452)	(12)%


Question: If there was a $60 million decrease in stock-based compensation expense, What would be the total impact on the decrease in Sales and marketing expense from stock-based compensation expense and divestiture of our WSS and PKI solutions?

Answer: 101


Question: If for fiscal 2019, the Sales and marketing expense was $1,000 million instead,  What would be the average Sales and marketing expenses for fiscal years 2019 and 2018?

Answer: 1296.5


Question: If Total consolidated research, development and engineering increased to 6,000 million in 2019, what was the increase / (decrease) from 2018?

Answer: 621

Context:
Research, Development and Engineering Expense NM—Not meaningful Research, development and engineering (RD&E) expense was 7.8 percent of revenue in 2019 and 6.8 percent of revenue in 2018. RD&E expense increased 11.3 percent in 2019 versus 2018 primarily driven by: • Higher spending (11 points) including investment in the z15 and Red Hat spending in the second half of 2019 (8 points); and • Higher acquisition-related charges associated with the Red Hat transaction (1 point); partially offset by • The effects of currency (1 point). Operating (non-GAAP) expense increased 10.4 percent year to year primarily driven by the same factors excluding the acquisition-related charges associated with the Red Hat transaction.

($ in million)

For the year ended December 31:	2019	2018	Yr.-to-Yr. Percent Change

Total consolidated research, development and engineering	$5,989	$5,379	11.3%

Non-operating adjustment

Acquisition-related charges	(53)	-	NM

Operating (non-GAAP) research, development and engineering	$5,936	$5,379	10.4%


Question: If the Acquisition-related charges in 2018 increased to -50 million, what is the revised average?

Answer: -51.5


Question: If Operating (non-GAAP) research, development and engineering in 2019 increased to 6,000 million, what is the revised average?

Answer: 5689.5


Question: If the operating profit in 2019 decreases by 10%, what is the revised increase / (decrease) in operating profit in 2019 compared to 2018?

Answer: -4801.8

Context:
Underlying operating profit and underlying operating margin Underlying operating profit and underlying operating margin mean operating profit and operating margin before the impact of non-underlying items within operating profit. Underlying operating profit represents our measure of segment profit or loss as it is the primary measure used for making decisions about allocating resources and assessing performance of the segments. The Group reconciliation of operating profit to underlying operating profit is as follows: Further details of non-underlying items can be found in note 3 on page 96 of the consolidated financial statements. Refer to Note 2 on page 94 for the reconciliation of operating profit to underlying operating profit by Division. For each Division operating margin is computed as operating profit divided by turnover and underlying operating margin is computed as underlying operating profit divided by turnover.

	€ million	€ million	€ million

	2019	2018	2017

		(Restated)(a)	(Restated)(a)

Operating profit	8,708	12,639	8,957

Non-underlying items within

operating profit (see note 3)	1,239	(3,176)	543

Underlying operating profit	9,947	9,463	9,500

Turnover	51,980	50,982	53,715

Operating margin	16.8%	24.8%	16.7%

Underlying operating margin	19.1%	18.6%	17.7%


Question: If the operating margin in 2018 decreases by 2.5%, what is the revised increase / (decrease) in operating margin in 2019 compared to 2018?

Answer: -5.5


Question: If the turnover in 2018 increases by 10%, what is the revised average turnover?

Answer: 53925.07


Question: How many quarters had operating revenues that was below $2,000 million if the operating revenue at the end of September was $2,100 million instead?

Answer: 2

Context:
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 23. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Selected quarterly financial data for the years ended December 31, 2019 and 2018 is as follows (in millions, except per share data): (1) Represents Operating expenses, exclusive of Depreciation, amortization and accretion, Selling, general, administrative and development expense, and Other operating expenses.

		Three Months Ended

	March 31,	June 30,	September 30,	December 31,	Year Ended December 31,

2018:

Operating revenues	$1,741.8	$1,780.9	$1,785.5	$2,131.9	$7,440.1

Costs of operations (1)	519.9	560.3	556.7	540.9	2,177.8

Operating income	402.9	546.0	567.2	388.9	1,905.0

Net income	280.3	314.4	377.3	292.7	1,264.7

Net income attributable to American Tower Corporation stockholders	285.2	306.7	366.9	277.6	1,236.4

Dividends on preferred stock	(9.4)	—	—	—	(9.4)

Net income attributable to American Tower Corporation common stockholders	275.8	306.7	366.9	277.6	1,227.0

Basic net income per share attributable to American Tower Corporation common stockholders	0.63	0.69	0.83	0.63	2.79

Diluted net income per share attributable to American Tower Corporation common stockholders	0.63	0.69	0.83	0.62	2.77


Question: What was the change in Operating revenues between Three Months Ended  March and June if the Operating revenues Three Months Ended  in June was $1,500 million instead?

Answer: -241.8


Question: What was the percentage change in operating revenues between Three Months Ended  September and December if the operating revenue in Three Months Ended  December was $2,000 million instead?

Answer: 12.01


Question: If Payable in the year ending 31 March in 2019 were 1,000 million, what would be the difference in the payables in year 31 March 2019 for 2018 and 2019?

Answer: 400

Context:
Future minimum operating lease payments were as follows: Operating lease commitments were mainly in respect of land and buildings which arose from a sale and operating leaseback transaction in 2001. Leases have an average term of 13 years (2017/18: 14 years) and rentals are fixed for an average of 13 years (2017/18: 14 years). Other than as disclosed below, there were no contingent liabilities or guarantees at 31 March 2018 other than those arising in the ordinary course of the group’s business and on these no material losses are anticipated. We have insurance cover to certain limits for major risks on property and major claims in connection with legal liabilities arising in the course of our operations. Otherwise, the group generally carries its own risks.

Payable in the year ending 31 March:	2019 £m	2018 £m

2019	-	600

2020	755	550

2021	641	513

2022	599	486

2023	555	463

2024	512	449

Thereafter	3,557	3,536

Total future minimum operating lease payments	6,619	6,597


Question: For which year would the  Total future minimum operating lease payments be higher if  Total future minimum operating lease payments for 2019 was 6,600 million?

Answer: 2019


Question: If in 2021, the amount payable for 2018 was 560 million instead, which year from 2019 to 2024 would have the largest payable amount for 2018?

Answer: 2021


Question: What would be the change in cost of sales between 2017 and 2018 if the cost of sales in 2017 was $600 million instead?

Answer: 40

Context:
5. Goodwill and Purchased Intangible Assets (b) Purchased Intangible Assets The following table presents the amortization of purchased intangible assets (in millions):

Years Ended	July 27, 2019	July 28, 2018	July 29, 2017

Amortization of purchased intangible assets:

Cost of sales .	$624	$640	$556

Operating expenses

Amortization of purchased intangible assets	150	221	259

Restructuring and other charges	—	—	38

Total .	$774	$861	$853


Question: How many years would Amortization of purchased intangible assets exceed $200 million if the Amortization of purchased intangible assets in 2019 was $250 million instead?

Answer: 3


Question: What would be the percentage change in total amortization of purchased intangible assets between 2018 and 2019 if the total in 2019 was $1,000 million instead?

Answer: 16.14


Question: What would be the difference in the fair value of cash paid for acquisition between Trek and Electrostatic Product Line if the cash paid for acquisition of Trek was $12,000 thousand instead?

Answer: 9000

Context:
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts) In February 2018, Advanced Energy acquired Trek Holding Co., LTD ("Trek"), a privately held company with operations in Tokyo, Japan and Lockport, New York, for $6.1 million, net of cash acquired. Trek has a 95% ownership interest in its U.S. subsidiary which is also its primary operation. The components of the fair value of the total consideration transferred for our 2018 acquisitions are as follows:

	Trek	Electrostatic Product Line	LumaSense	Total

Cash paid for acquisition	$11,723	$3,000	$94,946	$ 109,669

Less cash acquired	(5,651)	—	(10,262)	(15,913)

Total purchase price	$6,072	$3,000	$84,684	$ 93,756


Question: What would be the sum of the two highest total purchase prices if the purchase price for Electrostatic Product Line was $10,000 thousand instead?

Answer: 94684


Question: What would be the average total purchase price amongst the three companies if the total purchase price of Electrostatic Product Line was $10,000 thousand instead?

Answer: 33585.33


Question: What would the difference between EBITDA and adjusted EBITDA for three months ended 31 December 2019 be if adjusted EBITDA was 38,000?

Answer: 2325

Context:
(a) EBITDA is calculated as operating profit less interest income and other gains/losses, net and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, and amortisation of intangible assets. Adjusted EBITDA is calculated as EBITDA plus equity-settled share-based compensation expenses. (b) Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues. (c) Net debt represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, minus borrowings and notes payable. (d) Capital expenditures consist of additions (excluding business combinations) to property, plant and equipment, construction in progress, investment properties, land use rights and intangible assets (excluding video and music contents, game licences and other contents).

	Unaudited

	Three months ended			Year ended

	31 December	30 September	31 December	31 December	31 December

	2019	2019	2018	2019	2018

	(RMB in millions, unless specified)

EBITDA (a)	35,675	35,378	27,180	137,268	110,404

Adjusted EBITDA (a)	38,572	38,123	29,701	147,395	118,273

Adjusted EBITDA margin (b)	36%	39%	35%	39%	38%

Interest and related expenses	2,348	2,086	1,345	7,690	4,898

Net debt (c)	(15,552)	(7,173)	(12,170)	(15,552)	(12,170)

Capital expenditures (d)	16,869	6,632	4,564	32,369	23,941


Question: What would the difference between EBITDA and adjusted EBITDA for three months ended 30 September 2019 be if adjusted EBITDA was 38,500?

Answer: 3122


Question: What would the difference between EBITDA and adjusted EBITDA for three months ended 31 December 2018 be if adjusted EBITDA was 29,000?

Answer: 1820


Question: If net revenue in 2019 was 200.0 million, what would be the percentage change in net revenue from 2018 to 2019?

Answer: 2.93

Context:
Segment Results of Operations In the Company's Consolidated Financial Statements, other operating (income) expense includes (i) (gain) loss on sale or disposal of assets, (ii) lease termination costs, (iii) asset impairment expense, (iv) accretion of asset retirement obligations, and (v) FCC reimbursements. Each table summarizes the results of operations of our operating segments and compares the amount of the change between the periods presented (in millions). Marine Services Segment Net revenue: Net revenue from our Marine Services segment for the year ended December 31, 2019 decreased $21.8 million to $172.5 million from $194.3 million for the year ended December 31, 2018. The decrease was primarily driven by a decline in the volume of projects under execution across multiple reporting lines, including power cable repair in offshore renewables, telecom installation work, and a reduction in CWind Group revenue due to focusing on a mix of more profitable projects. Cost of revenue: Cost of revenue from our Marine Services segment for the year ended December 31, 2019 decreased $35.9 million to $127.1 million from $163.0 million for the year ended December 31, 2018. The decrease was driven by the reduction in revenue, improved vessel utilization, and higher than expected costs on a certain power construction project in the comparable period that were not repeated. Selling, general and administrative: Selling, general and administrative expenses from our Marine Services segment for the year ended December 31, 2019 increased $5.6 million to $25.8 million from $20.2 million for the year ended December 31, 2018. The increase was primarily due to higher disposition costs in the fourth quarter of 2019 related to the sale of the Marine Services segment. This was partially offset by a reversal of an accrual of bad debt expense in the current period due to a favorable receivable settlement during the quarter. See Note 24. Subsequent Events for the summary of the subsequent events. Depreciation and amortization: Depreciation and amortization from our Marine Services segment for the year ended December 31, 2019 decreased $1.5 million to $25.7 million from $27.2 million for the year ended December 31, 2018. The decrease was largely attributable to the disposal of assets during the year. Other operating income: Other operating income decreased $0.7 million from $0.7 million of income for the year ended December 31, 2018, as a result of an impairment expense recorded in 2019 due to the under-utilization of assets on one of the segment's barges.

		Years Ended December 31,

	2019	2018	Increase / (Decrease)

Net revenue	$172.5	$194.3	$(21.8)

Cost of revenue	127.1	163.0	(35.9)

Selling, general and administrative	25.8	20.2	5.6

Depreciation and amortization	25.7	27.2	(1.5)

Other operating income	—	(0.7)	0.7

Income (loss) from operations	$(6.1)	$(15.4)	$9.3


Question: If cost of revenue in 2019 was 200.0 million, what would be the average cost of revenue for 2018 and 2019?

Answer: 181.5


Question: If Depreciation and amortization in 2019 was 30.0 million, what would be the percentage change from 2018 to 2019?

Answer: 10.29


Question: What is the difference in company restaurant sales between 2017 and 2018 if the value in 2018 was $300,000 instead?

Answer: 136558

Context:
	2019	2018	2017

Company restaurant sales	$—	$192,620	$436,558

Franchise revenues	—	9,337	20,065

Company restaurant costs (excluding depreciation and amortization)	—	(166,122)	(357,370)

Franchise costs (excluding depreciation and amortization)	—	(2,338)	(4,993)

Selling, general and administrative expenses	174	(19,286)	(36,706)

Depreciation and amortization	—	(5,012)	(21,500)

Impairment and other charges, net	(262)	(2,305)	(15,061)

Interest expense, net	—	(4,787)	(9,025)

Operating (loss) earnings from discontinued operations before income taxes	(88)	2,107	11,968

(Loss) gain on Qdoba Sale	(85)	30,717	—

(Loss) earnings from discontinued operations before income taxes	(173)	32,824	11,968

Income tax benefit (expense)	2,863	(15,726)	(4,518)

Earnings from discontinued operations, net of income taxes	$2,690	$17,098	$7,450

Net earnings per share from discontinued operations:

Basic	$0.10	$0.60	$0.24

Diluted	$0.10	$0.59	$0.24

 The following table summarizes the Qdoba results for each period (in thousands, except per share data): Selling, general and administrative expenses presented in the table above include corporate costs directly in support of Qdoba operations. All other corporate costs were classified in results of continuing operations. Our credit facility required us to make a mandatory prepayment (“Qdoba Prepayment”) on our term loan upon the closing of the Qdoba Sale, which was $260.0 million. Interest expense associated with our credit facility was allocated to discontinued operations based on our estimate of the mandatory prepayment that was made upon closing of the Qdoba Sale. Lease guarantees — While all operating leases held in the name of Qdoba were part of the Qdoba Sale, some of the leases remain guaranteed by the Company pursuant to one or more written guarantees (the “Guarantees”). In the event Qdoba fails to meet its payment and performance obligations under such guaranteed leases, we may be required to make rent and other payments to the landlord under the requirements of the Guarantees. Should we, as guarantor of the lease obligations, be required to make any lease payments due for the remaining term of the subject lease(s) subsequent to March 21, 2018, the maximum amount we may be required to pay is approximately$32.1 million as ofSeptember 29, 2019. The lease terms extend for a maximum of approximately16 more years as of September 29, 2019, and we would remain a guarantor of the leases in the event the leases are extended for any established renewal periods. In the event that we are obligated to make payments under the Guarantees, we believe the exposure is limited due to contractual protections and recourse available in the lease agreements, as well as the Qdoba Purchase Agreement, including a requirement of the landlord to mitigate damages by re-letting the properties in default, and indemnity from the Buyer. Qdoba continues to meet its obligations under these leases and there have not been any events that would indicate that Qdoba will not continue to meet the obligations of the leases. As such, we have not recorded a liability for the Guarantees as of September 29, 2019 as the likelihood of Qdoba defaulting on the assigned agreements was deemed to be less than probable.