Question: If Total obligations was $4,134,245(in thousands), What is the total obligations of July 1, 2024 and beyond expressed as a percentage of total obligations for July 1, 2019-June 30, 2024?

Answer: 94.07


Question: In which year would the unrealized loss on oil derivative instrument be the highest if the loss in 2019 was (10,290) thousand?

Answer: 2019

Context:
In relation to the oil derivative instrument (see note 24), the fair value was determined using the estimated discounted cash flows of the additional payments due to us as a result of oil prices moving above a contractual oil price floor over the term of the liquefaction tolling agreement ("LTA"). Significant inputs used in the valuation of the oil derivative instrument include management’s estimate of an appropriate discount rate and the length of time to blend the long-term and the short-term oil prices obtained from quoted prices in active markets. The changes in fair value of our oil derivative instrument is recognized in each period in current earnings in "Realized and unrealized gain on oil derivative instrument" as part of the consolidated statement of income. The realized and unrealized (loss)/ gain on the oil derivative instrument is as follows: The unrealized loss/gain results from movement in oil prices above a contractual floor price over term of the LTA; the realized gain results from monthly billings above the base tolling fee under the LTA. For further information on the nature of this derivative, refer to note 24.

		Year Ended December 31,

(in thousands of $)	2019	2018	2017

Realized gain on oil derivative instrument	13,089	26,737	—

Unrealized (loss)/gain on oil derivative instrument	(39,090)	(9,970)	15,100

	(26,001)	16,767	15,100


Question: What would be the change in realized gain on oil derivative instrument from 2017 to 2018 if the gain in 2017 was 12,394 thousand?

Answer: 14343


Question: What would be the percentage change in total realized and unrealized (loss)/ gain on the oil derivative instrument from 2017 to 2018 if the amount in 2018 was 17,483 thousand?

Answer: 15.78


Question: If accounts receivable, net in 2019 was 140,000 thousands, what would be the accounts receivable, net increase / (decrease) from 2018 to 2019?

Answer: 6864

Context:
Contract Assets and Liabilities The following table provides information about receivables, contract assets and contract liabilities from our revenue contracts with customers: Contract assets include costs that are incremental to the acquisition of a contract. Incremental costs are those that result directly from obtaining a contract or costs that would not have been incurred if the contract had not been obtained, which primarily relate to sales commissions. These costs are deferred and amortized over the expected customer life. We determined that the expected customer life is the expected period of benefit as the commission on the renewal contract is not commensurate with the commission on the initial contract. During the years ended December 31, 2019 and 2018, the Company recognized expense of $6.3 million and $2.9 million, respectively, related to deferred contract acquisition costs. Contract liabilities include deferred revenues related to advanced payments for services and nonrefundable, upfront service activation and set-up fees, which under the new standard are generally deferred and amortized over the expected customer life as the option to renew without paying an upfront fee provides the customer with a material right. During the years ended December 31, 2019 and 2018, the Company deferred and recognized revenues of $397.5 million and $354.2 million, respectively. A receivable is recognized in the period the Company provides goods or services when the Company’s right to consideration is unconditional. Payment terms on invoiced amounts are generally 30 to 60 days.

	Year Ended December 31,

(In thousands)	2019	2018

Accounts receivable, net	$120,016	$133,136

Contract assets	18,804	12,128

Contract liabilities	50,974	52,966


Question: If contract assets in 2018 was 15,000 thousands, what would be the percentage increase / (decrease) in the contract assets from 2018 to 2019?

Answer: 25.36


Question: If contract liabilities in 2019 was 53,000 thousands, what would be the average contract liabilities for 2018 and 2019?

Answer: 52983


Question: What would be the average value of vehicles for 2018 and 2019 if the value of vehicles in 2019 decreased by 100?

Answer: 807.5

Context:
Note 4 – Property, Plant and Equipment, net Property, plant and equipment consisted of the following:

		December 31,

	2019	2018

Land	$ 1,565	$ 1,747

Buildings and improvements	17,332	17,520

Machinery and equipment	30,670	29,692

Vehicles	778	937

Office equipment	851	838

Construction in process	362	546

	51,558	51,280

Less accumulated depreciation	(29,284 )	(26,707 )

Total property, plant and equipment, net	$ 22,274	$ 24,573


Question: What would be the change in the value of land between 2018 and 2019 if the value of land in 2018 increased by $2,000?

Answer: -2182


Question: Which year would have a higher total property, plant and equipment, net value if the value in 2019 was $30,000 instead?

Answer: 2019


Question: If granted shares were 250,000, what would be the difference between the granted shares and outstanding shares as at April 1, 2018?

Answer: 6646

Context:
Restricted Shares We granted shares to certain of our Directors, executives and key employees under the 2016 and 2011 Plans, the vesting of which is service-based. The following table summarizes the activity during the twelve months ended March 31, 2019 for restricted shares awarded under the 2016 and 2011 Plans: The weighted-average grant date fair value of the restricted shares is determined based upon the closing price of our common shares on the grant date. During fiscal 2019, a total of 197,917 shares, net of 47,146 shares withheld from the vested restricted shares to cover the employee's minimum applicable income taxes, were issued from treasury. The shares withheld were returned to treasury shares.

	Number of Shares	Weighted-Average Grant-Date Fair Value

		(per share)

Outstanding at April 1, 2018	243,354	$10.78

Granted	265,452	14.66

Vested	(197,917)	12.74

Forfeited	(73,743)	11.3

Outstanding at March 31, 2019	237,146	$13.46


Question: If  Weighted-Average Grant-Date Fair Value per share for outstanding at April 1, 2018 was $20.00 instead, What would be the total Weighted-Average Grant-Date Fair Value for Outstanding at April 1, 2018?

Answer: 4867080


Question: If vested Weighted-Average Grant-Date Fair Value were 12.00, what would be the difference between the vested and granted Weighted-Average Grant-Date Fair Value?

Answer: 2.66


Question: What would be the change in net earnings between 2017 and 2018 if net earnings in 2018 was $300.0 million instead?

Answer: 45.8

Context:
(1) For a description and reconciliation of non-GAAP financial measures presented in this document, please see the Non-GAAP Financial Measures page, or visit the Black Knight Investor Relations website at https://investor.blackknightinc.com. (2) In 2019, the effect of our indirect investment in The Dun and Bradstreet Corporation was a reduction of Net earnings of $73.9 million primarily due to the effect of its purchase accounting adjustments, restructuring charges and other non-operating charges. In 2017, Net earnings includes a one-time, non-cash net tax benefit of $110.9 million related to the revaluation of our deferred income tax assets and liabilities as a result of the Tax Cuts and Jobs Act of 2017 (the “Tax Reform Act”).

(in millions, except per share data)	2019	2018	2017

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

Adjusted Revenues(1)	$1,177.7	$1,116.5	$1,056.1

Earnings before equity in losses of unconsolidated affiliates	$182.8	$168.5	$254.2

Net earnings(2)	$108.8	$168.5	$254.2

Net earnings margin	9.2%	15.1%	24.2%

Net earnings attributable to Black Knight	$108.8	$168.5	$182.3

Net earnings attributable to Black Knight, per diluted share	$0.73	$1.14	$1.47

Adjusted Net Earnings(1)	$295.4	$277.9	$209.6

Adjusted EPS(1)	$1.99	$1.87	$1.38

Adjusted EBITDA(1)	$583.4	$542.5	$505.8

Adjusted EBITDA Margin(1)	49.5%	48.6%	47.9%


Question: What would be the percentage change in the Net earnings margin between 2017 and 2019 if the net earnings margin in 2017 was 9.0% instead?

Answer: 0.2


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

Answer: 79.53


Question: What would be the percentage change in revenue between 2018 and 2019 if the revenue in 2019 is increased by $5,000 thousand?

Answer: 21.23

Context:
Note: Net loss equals to comprehensive loss for all years presented. (1) Net loss per share and weighted average shares, basic and diluted are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019. The accompanying notes form an integral part of these Consolidated Financial Statements. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts)

	2019	2018	2017

Statements of Operations:

Revenue	$10,310	$12,629	$12,149

Cost of revenue	4,405	6,295	6,627

Gross profit	5,905	6,334	5,522

Operating expenses:

Research and development	12,350	9,948	9,572

Selling, general and administrative	8,918	9,982	9,900

Loss from operations	(15,363)	(13,596)	(13,950)

Interest expense	(350)	(108)	(115)

Interest income and other expense, net	189	77	21

Loss before income taxes	(15,524)	(13,627)	(14,044)

(Benefit from) Provision for income taxes	(80)	152	87

Net loss	$(15,444)	$(13,779)	$(14,131)

Net loss per share: (1)

Basic and diluted	$(2.02)	$(2.16)	$(2.56)

Weighted average shares:

Basic and diluted	7,663	6,365	5,521


Question: What would be the percentage change in cost of revenue between 2018 and 2019 if the cost of revenue in 2019 is doubled?

Answer: 39.95


Question: What would be the percentage change in gross profit between 2018 and 2019 if the gross profit in 2019 increased by 10%?

Answer: 2.55


Question: Which year would have the dividends receivable from associate higher if the amount was 790 thousand in 2019?

Answer: 2018

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) 21. Related Party Transactions The Group had the following balances with related parties which have been included in the consolidated statements of financial position: Current Assets Dividends receivable and other amounts due from related parties On June 28, 2019, GasLog transferred to Golar its 100 shares of the common capital stock of the Cool Pool Limited (Note 1). As of December 31, 2019, the receivable balance from the Cool Pool is nil.

	As of December 31,

	2018	2019

Dividends receivable from associate (Note 5)	885	450

Due from The Cool Pool Limited	32,397	—

Other receivables	113	123

Total	33,395	573


Question: What would be the change in other receivables from 2018 to 2019 if the amount was 120 thousand in 2018?

Answer: 3


Question: What would be the percentage change in total from 2018 to 2019 if the total amount in 2019 was 34,992 thousand?

Answer: 4.78


Question: What would be the difference between the balance in September 2018 for contract assets and contract liabilities if contract liabilities were $700,000 thousand instead?

Answer: 108384

Context:
18. Revenue Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company recognizes revenue over time for the majority of its contracts with customers which results in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers continues to be recognized at a point in time, similar to recognition prior to the adoption of the standard. Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs are recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates. The Company adopted ASU 2014-09 using the modified retrospective method by applying the guidance to all open contracts upon adoption and recorded a cumulative effect adjustment as of September 1, 2018, net of tax, effect adjustment (in thousands): (1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications. (2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications. (3) Included within accrued expenses on the Consolidated Balance Sheets. (4) Differences included in contract liabilities as of September 1, 2018.

	Balance as of August 31, 2018	Adjustments due to adoption of ASU 2014-09	Balance as of September 1, 2018

Assets

Contract assets(1)	$—	$591,616	$591,616

Inventories, net(1)	$3,457,706	$(461,271)	$2,996,435

Prepaid expenses and other current assets(1)(2)	$1,141,000	$(37,271)	$1,103,729

Deferred income taxes(1)(2)	$218,252	$(8,325)	$209,927

Liabilities

Contract liabilities(2)(3)	$—	$690,142	$690,142

Deferred income(2)(3)(4)	$691,365	$(691,365)	$—

Other accrued expenses(3)(4)	$1,000,979	$40,392	$1,041,371

Deferred income taxes(1)	$114,385	$2,977	$117,362

Equity

Retained earnings(1)(2)	$1,760,097	$42,602	$1,802,699


Question: What would be the percentage change for Other accrued expenses due to adjustments by the new standard if the balance of other accrued expenses in August was $1,060,000 thousand instead?

Answer: 5.9


Question: What would be the percentage change in the balance of retained earnings due to adjustments by the new standard if the balance for retained earnings in September was $2,000,000 thousand instead?

Answer: 13.63


Question: Between June 30, 2019 and June 30, 2018, which year end would have higher net receivables if June 30, 2019 net receivables was $315,000?

Answer: 2018

Context:
Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers. Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, but where invoicing is delayed until the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the consolidated balance sheet, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from customers in advance of delivery of the related goods and services to the customer. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company analyzes contract language to identify if a significant financing component does exist, and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction. During the fiscal years ended June 30, 2019, 2018, and 2017, the Company recognized revenue of $265,946, $269,593, and $264,517, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods. Revenue recognized that related to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price adjustments and re-allocations due to changes in estimates of variable consideration.

	June 30, 2019	June 30, 2018

Receivables, net	$310,080	$297,271

Contract Assets- Current	21,446	14,063

Contract Assets- Non-current	50,640	35,630

Contract Liabilities (Deferred Revenue)- Current	339,752	328,931

Contract Liabilities (Deferred Revenue)- Non-current	54,554	40,984


Question: Would current or non-current contract assets as at June 30, 2019 be higher if current contract assets as at June 30, 2019 was $45,000?

Answer: Contract Assets- Non-current


Question: What would be the average net receivables for 2018 and 2019 if 2018 net receivables was $300,000?

Answer: 305040


Question: What would be the change in percentage of total revenue earned in North America between 2017 and 2018 if the percentage in 2018 is actually 90%?

Answer: -6

Context:
Disaggregation of revenue The following table provides information about disaggregated revenue by primary geographical markets: The Company derived over 90%, and approximately 88% and 84% of subscription revenues from RingCentral Office product for the years ended December 31, 2019, 2018 and 2017, respectively

		Year ended December 31,

	2019	2018	2017

Primary geographical markets

North America	93%	95%	96%

Others	7%	5%	4%

Total revenues	100%	100%	100%


Question: What would be the change in percentage of total revenue earned in North America between 2018 and 2019 if the percentage in 2018 is actually 90%?

Answer: 3


Question: What would be the average percentage of revenue earned in North America between 2017 to 2019 if the percentage earned in 2019 is instead 70%?

Answer: 87


Question: How many percent of the total shares granted as at 1 January was the 25 March 2014 grant if 25 March 2014 grant was 10,000,000?

Answer: 45.01

Context:
The Company has adopted five share option schemes, namely, the Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II, the Post-IPO Option Scheme III and the Post-IPO Option Scheme IV. The Pre-IPO Option Scheme, the Post-IPO Option Scheme I, the Post-IPO Option Scheme II and the Post-IPO Option Scheme III expired on 31 December 2011, 23 March 2014, 16 May 2017 and 13 May 2019 respectively. As at 31 December 2019, there were a total of 20,722,380 outstanding share options granted to a director of the Company, details of which are as follows: 1. For options granted with exercisable date determined based on the grant date of options, the first 20% of the total options can be exercised 1 year after the grant date, and each 20% of the total options will become exercisable in each subsequent year. 2. For options granted with exercisable date determined based on the grant date of options, the first 25% of the total options can be exercised 1 year after the grant date, and each 25% of the total options will become exercisable in each subsequent year. 3. The closing price immediately before the date on which the options were granted on 4 April 2019 was HKD378. 4. No options were cancelled or lapsed during the year.

			Number of share options

Name of director	Date of grant	As at 1 January 2019	Granted during the year	Exercised during the year	As at 31 December 2019	Exercise price	Exercise period

						HKD

Lau Chi Ping Martin	25 March 2014	5,000,000	-	-	5,000,000	114.52	25 March 2015 to 24 March 2021 (Note 2)

	21 March 2016	3,750,000	-	-	3,750,000	158.10	21 March 2017 to 20 March 2023 (Note 2)

	24 March 2017	5,250,000	-	-	5,250,000	225.44	24 March 2018 to 23 March 2024 (Note 2)

	9 April 2018	3,215,800	-	-	3,215,800	410.00	9 April 2019 to 8 April 2025 (Note 2)

	4 April 2019	-	3,506,580 (Note 3)	-	3,506,580	376.00	4 April 2020 to 3 April 2026 (Note 2)

	Total:	17,215,800	3,506,580	-	20,722,380


Question: How many percent of the total shares granted as at 1 January was the 21 March 2016 grant if the 21 March 2016 grant was 4,000,000?

Answer: 22.9


Question: How many percent of the total shares granted as at 1 January was the 9 April 2018 grant if the 9 April 2018 grant was 3,300,000?

Answer: 19.08


Question: Which year would have a higher income tax if the income tax was (1,030) thousand in 2019?

Answer: 2018

Context:
Other non-operating results The following details our other consolidated results for the years ended December 31, 2019 and 2018: Interest expense: Interest expense increased by $1.2 million to $103.1 million for the year ended December 31, 2019 compared to $101.9 million for the same period in 2018. The increase in interest expense was primarily due to: • $28.9 million lower capitalized interest on borrowing costs in relation to our investment in the Hilli FLNG conversion following acceptance of the vessel by the charterer in May 2018; and • $1.5 million interest on the term loan facility, drawn in September 2019. This was partially offset by reduced interest costs due to lower LIBOR rates, resulting in: • $12.4 million decrease in interest expense arising on the loan facilities of our consolidated lessor VIEs; • $8.7 million capitalized interest on borrowing costs in relation to our investments; • $6.5 million decrease in interest expense incurred on the deposits received from Golar Partners following application of the deposit to the Hilli acquisition price and the conversion of the Hilli shareholder loans to equity following the Hilli Disposal in July 2018; and • $1.0 million decrease in interest expense on the Hilli letter of credit, due to a contractual step down in the Hilli letter of credit from $300 million to $250 million in May 2019, and a further step down to $125 million in November 2019. Losses on derivative instruments: Losses on derivative instruments increased by $7.5 million to a loss of $38.0 million for the year ended December 31, 2019 compared to a loss of $30.5 million for the same period in 2018. The movement was primarily due to: Net unrealized and realized (losses)/gains on interest rate swap agreements: As of December 31, 2019, we have an interest rate swap portfolio with a notional amount of $737.5 million, none of which are designated as hedges for accounting purposes. Net unrealized losses on the interest rate swaps increased to a loss of $16.5 million for the year ended December 31, 2019 compared to a gain of $0.6 million for the same period in 2018, due to a decline in the long-term swap rates, partially offset by the decreased notional value of our swap portfolio over the period. Realized gains on our interest rate swaps decreased to a gain of $6.4 million for the year ended December 31, 2019, compared to a gain of $8.1 million for the same period in 2018. The decrease was primarily due to lower LIBOR rates for the year ended December 31, 2019. Unrealized losses on Total Return Swap: In December 2014, we established a three month facility for a Stock Indexed Total Return Swap Programme or Equity Swap Line with DNB Bank ASA in connection with a share buyback scheme. In November 2019, we repurchased 1.5 million shares underlying the equity swap. The remaining facility has been extended to March 2020. The equity swap derivatives mark-to-market adjustment resulted in a net loss of $30.5 million recognized in the year ended December 31, 2019 compared to a loss of $30.7 million for the same period in 2018. The losses in 2019 and 2018 are due to the decline in our share price. Unrealized mark-to-market losses on Earn-Out Units: This relates to the mark-to-market movement on the Earn-Out Units issuable in connection with the IDR reset transaction in October 2016, which we recognize as a derivative asset in our consolidated financial statements. The decrease in Golar Partners' quarterly distribution to $0.4042 per common unit on October 24, 2018 resulted in the contingent Earn-Out Units arising out of the IDR reset transaction in October 2016 not crystallizing and, accordingly, we recognized a mark-to-market loss of $7.4 million for the year ended December 31, 2018, effectively reducing the derivative asset to $nil at December 31, 2018. There was no comparative movement for the year ended December 31, 2019. Other financial items, net: Other financial items, net decreased by $4.0 million to a loss of $5.5 million for the year ended December 31, 2019 compared to $1.5 million for the same period in 2018 primarily as a result of consolidating our lessor VIEs. Net income attributable to non-controlling interests: Net income attributable to non-controlling interests increased by $26.4 million to $89.6 million for the year ended December 31, 2019 compared to $63.2 million for the same period in 2018 mainly due to the completion of the Hilli Disposal in July 2018. The non-controlling interest in relation to the Hilli Disposal for the year ended December 31, 2019 amounted to $61.7 million, compared to $31.3 million for the same period in 2018. The net income attributable to non-controlling interests comprises of: • $36.5 million and $19.7 million in relation to the non-controlling shareholders who hold interests in Hilli LLC for the year ended December 31, 2019 and 2018, respectively; • $0.5 million in relation to the non-controlling shareholders who hold interests in Gimi MS Corporation for the year ended December 31, 2019, following the subscription of 30% equity interest by First FLNG Holdings in April 2019; and • $28.3 million and $31.9 million in relation to the equity interests in our remaining lessor VIEs for the year ended December 31, 2019 and 2018, respectively.

		December 31,

(in thousands of $)	2019	2018	Change	% Change

Interest income	10,479	10,133	346	3%

Interest expense	(103,124)	(101,908)	(1,216)	1%

Losses on derivative instruments	(38,044)	(30,541)	(7,503)	25%

Other financial items, net	(5,522)	(1,481)	(4,041)	100%

Income taxes	(1,024)	(1,267)	243	(19)%

Net income attributable to non-controlling interests	(89,581)	(63,214)	(26,367)	42%


Question: What would be the change in net unrealized losses on the interest rate swaps if the amount in 2019 was $1.2 million?

Answer: 0.6


Question: What would be the percentage change in net income attributable in relation to the non-controlling shareholders who hold interests in Hilli LLC if the amount in 2019 is $28.3 million?

Answer: 43.65


Question: What would be the company's percentage change in foreign loss between 2018 and 2019 if the loss in 2019 is increased by 50,000?

Answer: 15.21

Context:
NOTE 11 – INCOME TAXES The components of loss before income taxes are as follows:

	2019	2018

Domestic	(1,698,689)	(2,468,805)

Foreign	(52,222)	(88,726)

Loss before income taxes	(1,750,911)	(2,557,531)


Question: What would be the change in the total loss before income taxes between 2018 and 2019 if the loss in 2019 increased by 30%?

Answer: -281346.7


Question: What would be the change in the domestic losses between 2018 and 2019 if the loss in 2019 is doubled and then increased by 2,000?

Answer: 930573


Question: If Unrecognized tax benefit, beginning balance in 2019 was 20,000 thousand, what would be the change from 2018 to 2019?

Answer: 1704

Context:
Unrecognized Tax Benefits We recognize the benefits of tax return positions if we determine that the positions are “more-likely-than-not” to be sustained by the taxing authority. Interest and penalties accrued on unrecognized tax benefits are recorded as tax expense in the period incurred. The following table reflects changes in the unrecognized tax benefits (in thousands): Of the unrecognized tax benefits at December 28, 2019, $13.4 million would impact the effective tax rate if recognized. The amount of income taxes we pay is subject to ongoing audits by federal, state and foreign tax authorities which might result in proposed assessments. Our estimate for the potential outcome for any uncertain tax issue is judgmental in nature. However, we believe we have adequately provided for any reasonably foreseeable outcome related to those matters. Our future results may include favorable or unfavorable adjustments to our estimated tax liabilities in the period the assessments are made or resolved or when statutes of limitation on potential assessments expire. As of December 28, 2019, changes to our uncertain tax positions in the next 12 months that are reasonably possible are not expected to have a significant impact on our financial position or results of operations. At December 28, 2019, our tax years 2016 through 2019, 2015 through 2019 and 2014 through 2019, remain open for examination in the federal, state and foreign jurisdictions, respectively. However, to the extent allowed by law, the taxing authorities may have the right to examine prior periods where net operating losses and credits were generated and carried forward, and make adjustments up to the net operating loss and credit carryforward amounts.

		Fiscal Year Ended

	December 28, 2019	December 29, 2018	December 30, 2017

Unrecognized tax benefit, beginning balance	$25,224	$18,296	$17,978

Additions based on tax positions related to the current year	3,679	1,677	694

Additions based on tax positions from prior years	—	5,332	—

Reductions for tax positions of prior years	(5)	(7)	—

Reductions due to lapse of the applicable statute of limitations	(98)	(74)	(376)

Unrecognized tax benefit, ending balance	$28,800	$25,224	$18,296

Interest and penalties recognized as a component of Provision (benefit) for income taxes	$59	$71	$67

Interest and penalties accrued at period end	212	230	218


Question: If Additions based on tax positions related to the current year in 2019 was 2,000 thousand, what would be the average value from 2017-2019?

Answer: 1457


Question: Which year would have the highest Unrecognized tax benefit, ending balance if the value in 2019 was $26,000 thousand instead?

Answer: 2019


Question: Which of the 3 years from 2017 to 2019 had the highest revenue for Intelligent Cloud, if the revenue for 2019 was now 30,985 million?

Answer: 2018

Context:
Revenue and costs are generally directly attributed to our segments. However, due to the integrated structure of our business, certain revenue recognized and costs incurred by one segment may benefit other segments. Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin. Cost of revenue is allocated in certain cases based on a relative revenue methodology. Operating expenses that are allocated primarily include those relating to marketing of products and services from which multiple segments benefit and are generally allocated based on relative gross margin. In addition, certain costs incurred at a corporate level that are identifiable and that benefit our segments are allocated to them. These allocated costs include costs of: legal, including settlements and fines; information technology; human resources; finance; excise taxes; field selling; shared facilities services; and customer service and support. Each allocation is measured differently based on the specific facts and circumstances of the costs being allocated. Certain corporate-level activity is not allocated to our segments, including restructuring expenses. Segment revenue and operating income were as follows during the periods presented: Corporate and Other operating loss comprised restructuring expenses.

(In millions)

Year Ended June 30,	2019	2018	2017

Revenue

Productivity and Business Processes	$ 41,160	$ 35,865	$ 29,870

Intelligent Cloud	38,985	32,219	27,407

More Personal Computing	45,698	42,276	39,294

Total	$ 125,843	$ 110,360	$ 96,571

Operating Income (Loss)

Productivity and Business Processes	$ 16,219	$ 12,924	$ 11,389

Intelligent Cloud	13,920	11,524	9,127

More Personal Computing	12,820	10,610	8,815

Corporate and Other	0	0	(306)

Total	$ 42,959	$ 35,058	$ 29,025


Question: How many items are there for operating income (loss), if there is no item called "Corporate and Other"?

Answer: 3


Question: How many of the 3 years from 2017 to 2019 had operating income of less than $14,000 million for productivity and business processes, if the operating income for productivity and business processes in 2019 was $13,219 million?

Answer: 3


Question: If revenue in three months ended August 31, 2019 was 600,000 thousands, what was the increase / (decrease) from three months ended August 31, 2018 to 2019?

Answer: 33816

Context:
OPERATING AND FINANCIAL RESULTS (1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN. (2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections. (3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.

Three months ended August 31,	2019 (1)	2018 (2)	Change	Change in constant currency	Foreign exchange impact

(in thousands of dollars, except percentages)	$	$	%	%	$

Revenue	583,673	566,184	3.1	2.7	2,427

Operating expenses	302,833	297,977	1.6	1.1	1,441

Management fees – Cogeco Inc.	5,230	4,796	9.0	9.0	-

Adjusted EBITDA	275,610	263,411	4.6	4.3	986

Adjusted EBITDA margin	47.2%	46.5%


Question: If operating expenses in three months ended August 31, 2019 were 250,000 thousands, what was the average from three months ended August 31, 2018 to 2019?

Answer: 273988.5


Question: If Adjusted EBITDA margin in three months ended August 31, 2019 was 50.0%, what was the increase / (decrease) from three months ended August 31, 2018 to 2019?

Answer: 3.5


Question: What would be the difference in the value of money market funds and foreign debt as of December 31, 2019 if the value of money market funds increased by $1,000 thousand?

Answer: 379498

Context:
11. Fair Value Measurements The following is a description of the valuation techniques that we use to measure the fair value of assets and liabilities that we measure and report at fair value on a recurring basis: Cash Equivalents. At December 31, 2019 and 2018, our cash equivalents consisted of money market funds. We value our cash equivalents using observable inputs that reflect quoted prices for securities with identical characteristics, and accordingly, we classify the valuation techniques that use these inputs as Level 1. Marketable Securities and Restricted Investments. At December 31, 2019 and 2018, our marketable securities consisted of foreign debt, foreign government obligations, U.S. debt, and time deposits, and our restricted investments consisted of foreign and U.S. government obligations. We value our marketable securities and restricted investments using observable inputs that reflect quoted prices for securities with identical characteristics or quoted prices for securities with similar characteristics and other observable inputs (such as interest rates that are observable at commonly quoted intervals). Accordingly, we classify the valuation techniques that use these inputs as either Level 1 or Level 2 depending on the inputs used. We also consider the effect of our counterparties’ credit standing in these fair value measurements. Derivative Assets and Liabilities. At December 31, 2019 and 2018, our derivative assets and liabilities consisted of foreign exchange forward contracts involving major currencies and interest rate swap contracts involving major interest rates. Since our derivative assets and liabilities are not traded on an exchange, we value them using standard industry valuation models. As applicable, these models project future cash flows and discount the amounts to a present value using market-based observable inputs, including interest rate curves, credit risk, foreign exchange rates, and forward and spot prices for currencies. These inputs are observable in active markets over the contract term of the derivative instruments we hold, and accordingly, we classify the valuation techniques as Level 2. In evaluating credit risk, we consider the effect of our counterparties’ and our own credit standing in the fair value measurements of our derivative assets and liabilities, respectively. At December 31, 2019 and 2018, the fair value measurements of our assets and liabilities measured on a recurring basis were as follows (in thousands):

			Fair Value Measurements at Reporting Date Using

	December 31, 2019	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)

Assets:

Cash equivalents:

Money market funds .	$7,322	$7,322	$ —	$ —

Marketable securities:

Foreign debt	387,820	—	387,820	—

Foreign government obligations	22,011	—	22,011	—

U.S. debt .	66,134	—	66,134	—

Time deposits .	335,541	335,541	—	—

Restricted investments .	223,785	—	223,785	—

Derivative assets .	1,338	—	1,338	—

Total assets .	$ 1,043,951	$ 342,863	$ 701,088	$ —

Liabilities:

Derivative liabilities	$ 10,021	$ —	$ 10,021	$ —


Question: What would be the percentage constitution of money market funds among the total assets as of December 31, 2019 if the value of money market funds was $200,000 thousand instead while the total assets remains constant?

Answer: 19.16


Question: What would be the difference in the value of time deposits and restricted investments as of December 31, 2019 if the value of restricted investments increased by $100,000 thousand?

Answer: 11756


Question: If the Contract assets in 2019 increased to 4,131,274, what would be the revised change between December 31, 2018 and 2019?

Answer: 1371959

Context:
Contract Balances Our contract assets consist of unbilled amounts for technology development contracts as well as custom product contracts. Also included in contract assets are royalty revenue and carrying amounts of right of returned inventory. Long-term contract assets include the fee withholding on cost reimbursable contracts that will not be billed within a year. Contract liabilities include excess billings, subcontractor accruals, warranty expense, extended warranty revenue, right of return refund, and customer deposits. The net contract (liabilities)/assets changed by $1.0 million, due primarily to increased contract liabilities in addition to a slight increase in contract assets. The increase in contract liabilities is a result of the increased number of government research programs in addition to an increase in the number of our fixed-price contracts that have reached milestones as designated in their respective contracts, but revenue has not yet been recognized. The increase in contract assets is primarily driven by the unbilled fee required by our cost-reimbursable government contracts, which cannot be fully billed until after the specific contract is complete. The following table shows the components of our contract balances as of December 31, 2019 and 2018:

	December 31,

	2019	2018

Contract assets	$3,208,206	$2,759,315

Contract liabilities	(3,887,685)	(2,486,111)

Net contract assets	$(679,479)	$273,204


Question: If the Contract assets in 2019 increased to 4,131,274, what would be the revised average for December 31, 2018 and 2019?

Answer: 3445294.5


Question: If contract assets in 2019 was 2,800,000, in which year would it be less than 3,000,000?

Answer: 2018

Answer: 2019


Question: What would be the company's total debt due within 3 years if the debt due within 1 year is doubled and then decreased by $5,000,000?

Answer: 787950

Context:
Contractual Obligations and Commitments The following table summarizes our contractual cash obligations and other commercial commitments as of December 31, 2019. (1) These amounts include interest and principal payment obligations on our €135.0 million of 2024 Notes through the maturity date of June 30, 2024, interest and principal payments on our $445.0 million of 2022 Notes through the maturity date of March 1, 2022, interest and principal payments on our $189.2 million of 2021 Notes through the maturity date of April 15, 2021 and $12.5 million due under an installment payment agreement with a vendor. (2) The amounts include principal and interest payments under our finance lease obligations. Our finance lease obligations were incurred in connection with IRUs for inter-city and intra-city dark fiber underlying substantial portions of our network. These finance leases are presented on our balance sheet at the net present value of the future minimum lease payments, or $169.8 million at December 31, 2019. These leases generally have initial terms of 15 to 20 years. (3) These amounts include amounts due under our facilities, operating leases, colocation obligations and carrier neutral data center obligations. Certain of these operating lease liabilities are presented on our balance sheet at the net present value of the future minimum lease payments, or $96.8 million at December 31, 2019. (4) These amounts include amounts due under unconditional purchase obligations including dark fiber IRU operating and finance lease agreements entered into but not delivered and accepted prior to December 31, 2019.

			Payments due by period

	Total	Less than 1 year	1 - 3 years	3 - 5 years	After 5 years

			(in thousands)

Debt(1)	903,696	50,601	691,748	161,347	—

Finance lease obligations(2)	340,188	25,459	48,693	45,311	220,725

Operating leases, colocation and data center obligations(3)	205,087	36,119	42,344	26,138	100,486

Unconditional purchase obligations(4)	27,885	12,154	1,346	1,307	13,078

Total contractual cash obligations	$1,476,856	$124,333	$784,131	$234,103	$334,289


Question: What would be the company's total finance lease obligations due within 3 years if the amount obligations due within 1 year is halved and then decreased by $300,000?

Answer: 61122.5


Question: What would be the company's unconditional purchase obligations due within 3 years if the obligations due within 1 year are decreased by 10%?

Answer: 12284.6


Question: If the Beginning balance as of January 1 in 2019 increased to 21,842 thousand, what would be the revised change between 2018 and 2019?

Answer: 10903

Context:
Changes in the amounts of unrecognized tax benefits were as follows: We had gross unrecognized tax benefits of $20.6 million and $19.8 million as of December 31, 2019 and 2018, respectively. If the current gross unrecognized tax benefits were recognized, the result would be an increase in our income tax benefit of $20.7 million and $19.6 million, respectively. These amounts are net of accrued interest and penalties relating to unrecognized tax benefits of $0.4 million and $0.2 million, respectively. We believe that it is reasonably possible that $0.2 million of our currently remaining unrecognized tax benefits may be recognized by the end of 2020, as a result of a lapse of the applicable statute of limitations.

		Year Ended December 31,

(In thousands)	2019	2018	2017

Beginning balance as of January 1	$ 19,821	$ 10,939	$ 10,616

Increases for tax positions related to the current year	1,240	8,977	640

Decreases for tax positions related to prior years	0	0	(146)

Increases for tax positions related to prior years	95	367	153

Decreases relating to settlements with taxing authorities	0	0	0

Increases acquired in business acquisitions	0	540	0

Foreign currency translation	3	(5)	10

Reductions due to lapsed statute of limitations	(555)	(997)	(334)

Ending balance as of December 31	$ 20,604	$ 19,821	$ 10,939


Question: If the Increases for tax positions related to the current year in 2019 increased to 2,817 thousand, what would be the revised change between 2018 and 2019?

Answer: -6160


Question: If the Increases for tax positions related to prior years in 2019 increased to 458 thousand, what would be the revised change between 2018 and 2019?

Answer: 91


Question: How many current executives would have a STI bonus amount greater than $500,000 if the STI bonus amount of Scott A. Trezise is $569,111?

Answer: 4

Context:
Actual STI Bonus Amounts Authorized. The actual amounts of the NEOs’ 2019 bonuses were calculated as follows: (1) Determined based on earned salary and applicable STI target bonus percentage during 2019 and includes pro-rations for any changes to salary and/or STI target bonus percentage described below. a) Target Bonus Opportunity for Mr. Storey reflects his salary earned during 2019 of $1,800,011 and a STI target bonus percentage of 200%. b) Target Bonus Opportunity for Mr. Dev reflects his salary earned during 2019 of $650,000 and a STI target bonus percentage of 120%. c) Target Bonus Opportunity for Mr. Goff reflects his salary earned during 2019 of $600,018 and a STI target bonus percentage of 120%. d) Target Bonus Opportunity for Mr. Trezise reflects his salary earned during 2019 with a salary increase, from $475,010 to $500,011, effective on February 23, 2019, and an increase of STI target bonus percentage from 80% to 90%, also effective on February 23, 2019. e) Target Bonus Opportunity for Mr. Andrews reflects his salary earned during 2019 with a salary increase, from $425,006 to $525,000, effective on August 21, 2019, and a STI target bonus percentage of 100%. (2) Calculated or determined as discussed above under “—2019 Performance Results.” (3) Determined based on achievement of individual performance objectives as described further above in this Subsection. Committee Discretion to Pay in Cash or Shares. The Committee may authorize the payment of annual bonuses in cash or shares of common stock. Since 2000, the Committee has paid these bonuses entirely in cash, principally to diversify our compensation mix and to conserve shares in our equity plans. Recent Actions (February 2020). In connection with establishing targets for the 2020 STI program, the Committee increased Mr. Dev’s STI Target Bonus Percentage to 125%, in light of his position to market and performance as CFO, and made no changes to the target bonus percentage for any of our other NEOs.

	2019 STI Bonus Amounts

Named Officer	Target Bonus Opportunity (1)	X	Company Performance % (2)	X	Discretionary Adjustment for Individual Performance(3)	=	STI Bonus Amount

Current Executives:

Jeffrey K. Storey	$3,600,022		97%		100%		$3,492,021

Indraneel Dev	780,000		97%		110%		832,260

Stacey W. Goff	720,021		97%		100%		698,420

Scott A. Trezise	439,654		97%		110%		469,111

Shaun C. Andrews	461,442		97%		110%		492,359


Question: What is Indraneel Dev's salary earned during 2019 expressed as a ratio of his/her STI bonus amount if the STI bonus amount is $830,000?

Answer: 78.31


Question: What would the percentage change of Scott A. Trezise's salary increase be if the new salary figure is $500,911?

Answer: 5.45


Question: What would be the difference between percentage change in average selling prices of DRAM and NAND in 2019 from 2018 if the percentage change for DRAM is -35%?

Answer: 9

Context:
Volatility in average selling prices for our semiconductor memory and storage products may adversely affect our business. We have experienced significant volatility in our average selling prices, including dramatic declines as noted in the table below, and may continue to experience such volatility in the future. In some prior periods, average selling prices for our products have been below our manufacturing costs and we may experience such circumstances in the future. Average selling prices for our products that decline faster than our costs could have a material adverse effect on our business, results of operations, or financial condition.

	DRAM	NAND

	(percentage change in average selling prices)

2019 from 2018	(30)%	(44)%

2018 from 2017	37%	(8)%

2017 from 2016	19%	(7)%

2016 from 2015	(35)%	(19)%

2015 from 2014	(11)%	(15)%


Question: What would be the ratio of percentage change in average selling prices of DRAM in '2017 from 2016' to '2018 from 2017' if the percentage change in average selling prices of DRAM in '2017 from 2016' is 5%?

Answer: 0.14


Question: What would be the highest percentage change in average selling prices of DRAM from 2015 to 2019 if the percentage increase in average selling prices of DRAM in 2015 from 2014 is 40%?

Answer: 40


Question: What would be the average value of the 2018 and 2019 fair value of the company's cash and cash equivalents if the value in 2019 is doubled?

Answer: 73510.5

Context:
16. FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES The majority of NAT and its subsidiaries’ transactions, assets and liabilities are denominated in United States dollars, the functional currency of the Company. There is no significant risk that currency fluctuations will have a negative effect on the value of the Company’s cash flows. The Company categorizes its fair value estimates using a fair value hierarchy based on the inputs used to measure fair value for those assets that are recorded on the Balance Sheet at fair value. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value as follows: Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The following methods and assumptions were used to estimate the fair value of each class of financial instruments and other financial assets. - The carrying value of cash and cash equivalents and marketable securities, is a reasonable estimate of fair value. - The estimated fair value for the long-term debt is considered to be equal to the carrying values since it bears spreads and variable interest rates which approximate market rates. The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2019 and 2018, are as follows: * The 2019 Senior Secured Credit Facility and Vessel financing 2018 Newbuildings carry a floating LIBOR interest rate, plus a margin and the fair value is assumed to equal the carrying value.

All figures in USD ‘000	Fair Value Hierarchy Level	2019 Fair Value	2019 Carrying Value	2018 Fair Value	2018 Carrying Value

Recurring:

Cash and Cash Equivalents	1	48,847	48,847	49,327	49,327

Restricted Cash	1	12,791	12,791	-	-

Credit Facility	2	-	-	(313,400)	(313,400)

2019 Senior Secured Credit Facility*	2	(291,798)	(291,798)	-	-

Investment Securities	1	825	825	4,197	4,197

Vessel financing 2018 Newbuildings*	2	(119,867)	(119,867)	(127,140)	(127,140)


Question: What would be the average value of the 2018 and 2019 fair value of the company's investment securities if the value in 2019 is decreased by $500,000?

Answer: 2261


Question: What would be the average value of the 2018 and 2019 fair value of the company's vessel financing 2018 newbuildings if the 2019 value is decreased by 15%?

Answer: 114513.48


Question: What would be the change in total provision between 2018 and 2019 if the total provision in 2019 increased by $100 thousand?

Answer: -11020

Context:
13. Income Taxes On December 22, 2017, the legislation commonly known as the Tax Cuts and Jobs Act (the “TCJA” or the “Act”) was enacted into law. The Act made comprehensive changes to the U.S. tax code, including, but not limited to: (1) reducing the U.S. federal corporate tax rate from 35% to 21%; (2) changing rules related to uses and limitations of net operating loss carry-forwards created in tax years beginning after December 31, 2017 as well as the repeal of the current carryback provisions for net operating losses arising in tax years ending after December 31, 2017; (3) immediate full expensing of certain qualified property; (4) creating a new limitation on deductible interest expense; (5) eliminating the corporate alternative minimum tax; (6) repeal of the deduction for income attributable to domestic production activities; and (7) changes in the manner in which international operations are taxed in the U.S. including a mandatory one- time transition tax on the accumulated untaxed earnings of foreign subsidiaries of U.S. shareholders. In response to the TCJA, the U.S. Securities and Exchange Commission (“SEC”) staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of TCJA. The purpose of SAB 118 was to address any uncertainty or diversity of view in applying ASC Topic 740, Income Taxes in the reporting period in which the TCJA was enacted. SAB 118 addresses situations where the accounting is incomplete for certain income tax effects of the TJCA upon issuance of a company’s financial statements for the reporting period which include the enactment date. SAB 118 allows for a provisional amount to be recorded if it is a reasonable estimate of the impact of the TCJA. Additionally, SAB 118 allows for a measurement period to finalize the impacts of the TCJA, not to extend beyond one year from the date of enactment. For the year ended April 30, 2018, the Company recorded a provisional decrease in its deferred tax assets and liabilities for the reduction in the federal tax rate with a corresponding adjustment to the valuation allowance. During the year ended April 30, 2019, the Company completed the accounting for the tax effects of the TCJA with no material changes to the provisional estimate recorded in prior periods. The TCJA also established the Global Intangible Low-Taxed Income (“GILTI”) provisions that impose a tax on foreign income in excess of a deemed return on tangible assets on foreign corporations. The Company does not anticipate being subject to GILTI due to the sale of Gillam in Fiscal 2018 and the treatment of FEI-Asia as a disregarded entity for U.S. tax purposes. The provision for income taxes consisted of the following (in thousands):

	2019	2018

Current:

Federal	$8	$ (869)

Foreign	196	-

State	99	(124)

Current provision	303	(993)

Deferred:

Federal	-	10,702

Foreign	(247 )	267

State	-	1,200

Deferred (benefit) tax	(247 )	12,169

Total provision	$56	$11,176


Question: What would be the average current provision for 2018 and 2019 if the current provision in 2019 decreased by 10 thousand?

Answer: -350


Question: In 2019, what would be the percentage constitution of the current provision for foreign taxes among the total current provision if the total current provision increased by $100 thousand while the provision for foreign taxes remains the same?

Answer: 48.64