Question: Which year would the basic earnings per share be the highest if the amount was 0.06 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) 29. Earnings/(losses) per share (‘‘EPS’’) Basic earnings/(losses) per share was calculated by dividing the profit/(loss) for the year attributable to the owners of the common shares after deducting the dividend on Preference Shares by the weighted average number of common shares issued and outstanding during the year. Diluted EPS is calculated by dividing the profit/(loss) for the year attributable to the owners of the Group adjusted for the effects of all dilutive potential ordinary shares by the weighted average number of all potential ordinary shares assumed to have been converted into common shares, unless such potential ordinary shares have an antidilutive effect. The following reflects the earnings/(losses) and share data used in the basic and diluted earnings/ (losses) per share computations: The Group excluded the effect of 2,630,173 SARs and 367,162 RSUs in calculating diluted EPS for the year ended December 31, 2019, as they were anti-dilutive (December 31, 2018: 555,453 SARs and 0 RSUs, December 31, 2017: 998,502 SARs and 0 RSUs).

		For the year ended December 31,

	2017	2018	2019

Basic earnings/(loss) per share

Profit/(loss) for the year attributable to owners of the Group	15,506	47,683	(100,661)

Less: Dividends on Preference Shares	(10,064)	(10,063)	(10,063)

Profit/(loss) for the year available to owners of the Group	5,442	37,620	(110,724)

Weighted average number of shares outstanding, basic	80,622,788	80,792,837	80,849,818

Basic earnings/(loss) per share	0.07	0.47	(1.37)

Diluted earnings/(loss) per share

Profit/(loss) for the year available to owners of the Group used in the calculation of diluted EPS	5,442	37,620	(110,724)

Weighted average number of shares outstanding, basic	80,622,788	80,792,837	80,849,818

Dilutive potential ordinary shares	643,342	844,185	—

Weighted average number of shares used in the calculation of diluted EPS	81,266,130	81,637,022	80,849,818

Diluted earnings/(loss) per share	0.07	0.46	(1.37)


Question: What would be the change in basic EPS from 2018 to 2019 if the amount was 0.59 in 2019?

Answer: 0.12


Question: What would be the percentage change in diluted EPS from 2017 to 2018 if the amount was 0.32 in 2018?

Answer: 357.14


Question: What would be the difference between the high and low closing prices per share for common stock in the second quarter of 2019 if the low closing price was $15.00 instead?

Answer: 2.81

Context:
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ADTRAN’s common stock is traded on the NASDAQ Global Select Market under the symbol ADTN. As of February 19, 2020, ADTRAN had 163 stockholders of record and approximately 6,972 beneficial owners of shares held in street name. The following table shows the high and low closing prices per share for our common stock as reported by NASDAQ for the periods indicated.

COMMON STOCK PRICES

2019	First Quarter	Second Quarter	Third Quarter	Fourth Quarter

High	$15.40	$17.81	$16.40	$11.59

Low	$10.49	$13.76	$ 9.92	$ 8.09


Question: What would be the average low closing price for 2019 if low closing price for first quarter 2019 was $9.90 instead?

Answer: 10.42


Question: What would be the percentage change in the high closing price between the third and fourth quarter in 2019 if the high closing price in the third quarter was $12.00 instead?

Answer: -3.42


Question: How many years did Gross increases for tax positions of the current year exceed $1,000 thousand if Gross increases for tax positions of the current year in 2019 was $1,2000 thousand instead?

Answer: 2

Context:
The following is a reconciliation of the beginning and ending amounts of unrecognized income tax benefits (in thousands): The amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate is $ 1.5 million and $4.6 million for the fiscal years ended September 28, 2019 and September 29, 2018, respectively. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. The total accrued penalties and net accrued interest with respect to income taxes was approximately $0.2 million for each of the fiscal years ended September 28, 2019, September 29, 2018 and September 30, 2017. The Company recognized less than $0.1 million of expense for accrued penalties and net accrued interest in the Consolidated Statements of Comprehensive Income for each of the fiscal years ended September 28, 2019, September 29, 2018 and September 30, 2017.

	2019	2018	2017

Balance at beginning of fiscal year	$5,841	$3,115	$2,799

Gross increases for tax positions of prior years	62	21	184

Gross increases for tax positions of the current year	39	2,893	163

Gross decreases for tax positions of prior years	(3,672)	(188)	(31)

Balance at end of fiscal year	2,270	5,841	3,115


Question: What would be the change in the Gross increases for tax positions of prior years between 2018 and 2019 if the Gross increases for tax positions of prior years in 2018 was $50 thousand instead?

Answer: 12


Question: What would be the percentage change in the balance at end of fiscal year between 2018 and 2019 if the balance at end of fiscal year in 2019 was $6,000 thousand instead?

Answer: 2.72


Question: In which year would the adjusted cash from operations be larger if the amount in 2019 was 248.1 million instead?

Answer: 2019

Context:
Adjusted cash flow A reconciliation showing the items that bridge between net cash from operating activities as reported under IFRS to an adjusted basis is given below. Adjusted cash from operations is used by the Board to monitor the performance of the Group, with a focus on elements of cashflow, such as Net capital expenditure, which are subject to day to day control by the business. Adjusted cash conversion in 2019 is 84% (2018: 91%). Cash conversion is calculated as adjusted cash from operations divided by adjusted operating profit. The adjusted cash flow is included in the Financial Review on page 58.

	2019	2018

	£m	£m

Net cash from operating activities as reported under IFRS	227.4	212.6

Acquisition and disposal costs	2.5	0.2

Net capital expenditure excluding acquired intangibles from acquisitions	(59.0)	(31.5)

Tax paid	78.4	61.6

Repayments of principal under lease liabilities	(11.2)	–

Adjusted cash from operations	238.1	242.9


Question: What would the percentage change in the adjusted cash conversion in 2019 from 2018 be if the amount in 2019 was 94% instead?

Answer: 10


Question: What would the percentage change in the amount of tax paid in 2019 from 2018 be if the amount in 2019 was 80.0 million instead?

Answer: 29.87


Question: What would be the percentage change in the net cash provided by operating activities between 2017 and 2018 if net cash provided in 2018 is increased by $500,000?

Answer: 57.37

Context:
Cash flows for the year ended December 31, 2019, 2018 and 2017 Operating Activities: Net cash used in operating activities was $9.9 million for the year ended December 31, 2019 and is comprised of $16.5 million in net loss, $4.5 million change in deferred income taxes and $0.7 million loss from the sale of the investment in JVP offset by $1.0 million in stock based compensation, $2.0 million in depreciation and amortization and $7.1 million, primarily changes in net operating assets and liabilities. Net cash provided by operating activities was $25.6 million for the year ended December 31, 2018 and is comprised of $20.7 million in net income, $1.6 million in stock-based compensation, $1.8 million in depreciation and amortization, $3.4 million change in warrant liability and a change in deferred income taxes of $2.5 million, offset by a $4.4 million change in net operating assets and liabilities. Net cash provided by operating activities was $16.6 million for the year ended December 31, 2017 and is comprised of $22.8 million in net income, $0.8 million in stock-based compensation, $0.8 million in depreciation and amortization, $0.6 million change in net operating assets and liabilities, offset by $2.2 million change in the warrant liability and a change in deferred income taxes of $6.2 million. Investing Activities: During the year ended December 31, 2019, cash used in investing activities of $3.8 million was related to purchases of marketable securities of $24.5 million, purchases of property and equipment of $0.4 million and purchase of additional investment in JVP of $0.7 million offset by redemptions of marketable securities of $18.3 million and $3.5 million from the sale of our interest in JVP. During the year ended December 31, 2018, cash used in investing activities of $13.2 million was related to purchase of investments of $11.3 million, the purchase of assets under the May 2018 Patent Assignment Agreement of $1.0 million and a $0.9 million investment in the JVP fund. During the year ended December 31, 2017, cash used in investing activities of $2.0 million was related to the purchase of assets under the first Patent Assignment Agreement, offset by $0.1 million in cash distribution received from our investment in the JVP fund. Financing Activities: During the year ended December 31, 2019, we did not have any activity related to financing. During the year ended December 31, 2018, net cash used in financing activities of $21.6 million was primarily from the redemption of Series A-1 Preferred Stock totaling $19.9 million, $2.0 million related to the share repurchase program, offset by $0.3 million of proceeds received from the exercise of stock options. During the year ended December 31, 2017, net cash provided by financing activities of $12.8 million was primarily from the issuance of Series A-1 Preferred Stock totaling $14.4 million and a Common Share offering for $12.0 million, offset by redeeming and retiring Series A Preferred Stock Financing of $13.8 million.

		For the Years Ended December 31,

	2019	2018	2017

		(in thousands)

Net cash provided by (used in) operating activities	$(9,885)	$25,601	$16,586

Net cash used in investing activities	$(3,822)	(13,203)	(1,873)

Net cash provided by (used in) financing activities	$—	(21,556)	12,778


Question: What would be the average net cash provided by (used in) financing activities between 2017 and 2018 if net cash in 2017 is decreased by $50,000?

Answer: -4414


Question: What would be the percentage change in net cash used in investing activities between 2018 and 2019 if the net cash used in 2019 is instead $15,000,000?

Answer: 13.61


Question: If salary of Gavin Darby in 2018/19 was 650 thousands, what would be the change from 2017/18 to 2018/19?

Answer: -50

Context:
Single figure table for total remuneration (audited) Single figure for the total remuneration received by each executive director for the 52 weeks ended 30 March 2019 (2018/19) and 31 March 2018 (2017/18). Gavin Darby Mr Darby received a basic salary of £700,000 per annum and a salary supplement in lieu of pension of 20% of base salary on a pro rata basis for the period up to 31 January 2019. Mr Darby received a pro rata bonus of £525,500 for the financial period to 31 January 2019. Benefits were provided for the period up to 31 January 2019 relating to the provision of an executive driver service, private health insurance and annual medical assessment. Alastair Murray Mr Murray received a basic salary for the period of £416,201 per annum and an annualised supplement in lieu of pension of 7.5% of the Earnings Cap (£160,800 for the 2018/19 tax year) which equates to £12,060 for the period together with an additional RPI adjusted pensions supplement of £24,348. He was appointed Acting CEO on 1 February 2019, in addition to his current role of Chief Financial Officer, on a temporary basis whilst the Board conducts a search process for a new CEO. In recognition of this significant additional responsibility, it was agreed that Mr Murray would receive a monthly salary supplement of £20,000 (which does not count towards pension, annual bonus or long-term incentives) whilst he carries out this role. Mr Murray received a bonus of £231,615 for the financial period. Benefits related to the provision of a company car, use of an executive driver service (following his appointment as Acting CEO) and private health insurance. In line with the current Remuneration Policy, one-third of his annual bonus award will be in the form of shares deferred for three years. Full details of the annual bonus performance assessments for Mr Darby and Mr Murray are set out on pages 53 to 55.

	Gavin Darby		Alastair Murray

	2018/19	2017/18	2018/19	2017/18

	£’000	£’000	£’000	£’000

Salary	583	700	416	408

Salary supplement	–	–	40	–

Taxable benefits	17	22	27	24

Pension	117	140	36	35

Annual Bonus	525	368	232	153

Share based awards	–	–	–	–

Total	1,242	1,230	751	620


Question: If salary of Alastair Murray in 2018/19 was 402 thousands, what would be the average in 2017/18 and 2018/19?

Answer: 405


Question: If taxable benefit for Gavin Darby 2018/19 was 28 thousands, what would be the average for 2017/18 and 2018/19?

Answer: 25


Question: Between year ended 2018 and 2019, which year would have higher gross profit if year ended December 31, 2018's gross profit was $870,000 (in thousands)?

Answer: 2018

Context:
Gross Profit Gross profit increased $269.4 million, or 45.2%, for the year ended December 31, 2019 compared to the same period in 2018. As a percentage of total revenues, gross profit decreased from 55.6% in the year ended December 31, 2018 to 54.9% in the year ended December 31, 2019, due to Shopify Payments representing a larger percentage of total revenue and an increase in amortization of technology related to the 6RS acquisition as well as other platform enhancements. This was partly offset by lower third-party infrastructure and hosting costs and employee-related costs as a percentage of revenues as well as the relative growth of higher-margin merchant solutions products, namely Shopify Capital and referral fees from partners. Gross profit increased $216.0 million, or 56.8%, for the year ended December 31, 2018 compared to the same period in 2017. As a percentage of total revenues, gross profit decreased from 56.5% in the year ended December 31, 2017 to 55.6% in the year ended December 31, 2018, due to Shopify Payments representing a larger percentage of total revenue, increasing the functionality and flexibility of our hosting infrastructure, and higher product costs associated with expanding our product offerings. This was partly offset by the relative growth of higher-margin merchant solutions products, namely referral fees from partners, Shopify Capital, and Shopify Shipping.

	Years ended December 31			2019 vs 2018	2018 vs 2017

	2019	2018	2017	% Change	% Change

	(in thousands, except percentages)

Gross profit	$ 865,643	$ 596,267	$ 380,253	45.2 %	56.8 %

Percentage of total revenues	54.9 %	55.6 %	56.5 %


Question: Between year ended 2017 and 2018, which year would have higher gross profit if year ended December 31, 2017's gross profit was $600,000 (in thousands)?

Answer: 2017


Question: What would be the average gross profit for 2018 and 2019 if 2018 gross profit was $550,000 (in thousands)?

Answer: 707821.5


Question: What would be the percentage change in the weighted average basic common shares outstanding between 2018 and 2019 if the weighted average common shares outstanding in 2019 is increased by 5,000?

Answer: -8.77

Context:
3. EARNINGS PER SHARE: Basic earnings per share available to common shareholders is calculated by dividing net income less preferred stock dividend requirements by the weighted average common shares outstanding for each period. Diluted earnings per share available to common shareholders is calculated by dividing income from operations less preferred stock dividend requirements (when anti-dilutive) by the sum of the weighted average common shares outstanding and the weighted average dilutive equity awards.

	For Fiscal Years

	2019 Basic	2018 Basic

Weighted average common shares outstanding	597,961	660,925

Net income available to common shareholders	$3,202,943	$3,614,610

Net earnings per share available to common shareholders	$5.36	$5.47


Question: What would be the percentage change in the net income available to common shareholders between 2018 and 2019 if the net income available in 2019 is increased by 5%?

Answer: -6.96


Question: What would be the average net earnings per share available to common basic shareholders in 2018 and 2019 if the net earnings per share in 2018 is decreased by $0.47?

Answer: 5.18


Question: What would be the average revenue for 2018 and 2019 if 2018 revenue was 45,000 €m?

Answer: 44333

Context:
Selected financial data Unaudited information The selected financial data shown below include the results of Vodafone India as discontinued operations in all years following the agreement to combine it with Idea Cellular. Notes: 1 See note 8 to the consolidated financial statements, “Earnings per share”. Earnings and dividends per ADS is calculated by multiplying earnings per ordinary share by ten, the number of ordinary shares per ADS. 2 On 19 February 2014, we announced a “6 for 11” share consolidation effective 24 February 2014. This had the effect of reducing the number of shares in issue from 52,821,751,216 ordinary shares (including 4,351,833,492 ordinary shares held in Treasury) as at the close of business on 18 February 2014 to 28,811,864,298 new ordinary shares in issue immediately after the share consolidation on 24 February 2014. 3 The final dividend for the year ended 31 March 2019 was proposed by the Directors on 14 May 2019 and is payable on 2 August 2019 to holders of record as of 7 June 2019. The total dividends have been translated into US dollars at 31 March 2019 for purposes of the above disclosure but the dividends are payable in US dollars under the terms of the ADS depositary agreement.

At/for the year ended 31 March	2019	2018	2017	2016	2015

Consolidated income statement data (€m)

Revenue	43,666	46,571	47,631	49,810	48,385

Operating (loss)/profit	(951)	4,299	3,725	1,320	2,073

(Loss)/profit before taxation	(2,613)	3,878	2,792	(190)	1,734

(Loss)/profit for financial year from continuing operations	(4,109)	4,757	(1,972)	(5,127)	7,805

(Loss)/profit for the financial year	(7,644)	2,788	(6,079)	(5,122)	7,477

Consolidated statement of financial position data (€m)

Total assets	142,862	145,611	154,684	169,107	169,579

Total equity	63,445	68,607	73,719	85,136	93,708

Total equity shareholders’ funds	62,218	67,640	72,200	83,325	91,510

Earnings per share1,2

Weighted average number of shares (millions)

– Basic	27,607	27,770	27,971	26,692	26,489

– Diluted	27,607	27,857	27,971	26,692	26,629

Basic (loss)/earnings per ordinary share	(29.05)c	8.78c	(22.51)c	(20.25)c	27.48c

Diluted (loss)/earnings per ordinary share	(29.05)c	8.76c	(22.51)c	(20.25)c	27.33c

Basic (loss)/earnings per share from continuing operations	(16.25)c	15.87c	(7.83)c	(20.27)c	28.72c

Cash dividends1,3

Amount per ordinary share (eurocents)	9.00c	15.07c	14.77c	–	–

Amount per ADS (eurocents)	9.00c	15.07c	147.7c	–	–

Amount per ordinary share (pence)	–	–	–	11.45p	11.22p

Amount per ADS (pence)	–	–	–	114.5p	111.2p

Amount per ordinary share (US cents)	10.10c	17.93c	18.52c	16.49c	16.65c

Amount per ADS (US cents)	10.10c	179.3c	182.5c	164.9c	166.5c


Question: What would be the average revenue for 2017 and 2018 if 2017 revenue was 47,000 €m?

Answer: 46785.5


Question: Between 2018 and 2019, which year would have a higher amount of revenue if the value in 2019 was $45,000 €m?

Answer: 2018


Question: What would be the change in restructuring expense between Quarter Ended  September and December if the restructuring expense in Quarter Ended  September was $1,000 thousand instead?

Answer: 418

Context:
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts) NOTE 23. SUPPLEMENTAL QUARTERLY FINANCIAL DATA (UNAUDITED) The following tables present unaudited quarterly results for each of the eight quarters in the periods ended December 31, 2019 and 2018, in thousands. We believe that all necessary adjustments have been included in the amounts stated below to present fairly such quarterly information. Due to the volatility of the industries in which our customers operate, the operating results for any quarter are not necessarily indicative of results for any subsequent period.

		Quarter Ended

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

Sales, net	$ 338,268	$ 175,127	$ 134,810	$ 140,743

Gross Profit	$112,295	$73,491	$64,126	$65,740

Restructuring Expense	$1,418	$152	$1,795	$1,673

Operating income	$22,202	$9,390	$11,005	$11,791

Income from continuing operations, net of income taxes	$ 10,479	$ 7,256	$ 23,373	$ 15,387

Loss (income) from discontinued operations, net of income taxes	$ (210)	$ 375	$ 8,324	$ (9)

Net Income	$ 10,269	$ 7,631	$ 31,697	$ 15,378

Income from continuing operations attributable to noncontrolling interest	$ 5	$ 10	$ 11	$ 8

Net income attributable to Advanced Energy Industries, Inc.	$ 10,264	$ 7,621	$ 31,686	$ 15,370

Earnings (Loss) Per Share:

Continuing Operations:

Basic earnings per share	$ 0.27	$ 0.19	$ 0.61	$ 0.40

Diluted earnings per share	$ 0.27	$ 0.19	$ 0.61	$ 0.40

Discontinued Operations:

Basic loss per share	$ (0.01)	$ 0.01	$ 0.22	$ —

Diluted loss per share	$ (0.01)	$ 0.01	$ 0.22	$ —

Net Income:

Basic earnings per share	$ 0.27	$ 0.20	$ 0.83	$ 0.40

Diluted earnings per share	$ 0.27	$ 0.20	$ 0.82	$ 0.40


Question: What would be the change in gross profit between Quarter Ended  March and June if the Gross profit in Quarter Ended  June was $70,000 thousand instead?

Answer: 4260


Question: What would be the percentage change in Operating income between Quarter Ended  June and September if the operating income in Quarter Ended  September was $12,000 thousand instead?

Answer: 9.04


Question: What would be the change in Purchases and leases of products and purchases of services between 2018 and 2019 if Purchases and leases of products and purchases of services in 2018 was $100 million instead?

Answer: 100

Context:
We engaged with Dell in the following ongoing related party transactions, which resulted in costs to us: • We purchase and lease products and purchase services from Dell. • From time to time, we and Dell enter into agreements to collaborate on technology projects, and we pay Dell for services provided to us by Dell related to such projects. • In certain geographic regions where we do not have an established legal entity, we contract with Dell subsidiaries for support services and support from Dell personnel who are managed by us. The costs incurred by Dell on our behalf related to these employees are charged to us with a mark-up intended to approximate costs that would have been incurred had we contracted for such services with an unrelated third party. These costs are included as expenses on our consolidated statements of income and primarily include salaries, benefits, travel and occupancy expenses. Dell also incurs certain administrative costs on our behalf in the U.S. that are recorded as expenses on our consolidated statements of income. • In certain geographic regions, Dell files a consolidated indirect tax return, which includes value added taxes and other indirect taxes collected by us from our customers. We remit the indirect taxes to Dell and Dell remits the tax payment to the foreign governments on our behalf. • From time to time, we invoice end users on behalf of Dell for certain services rendered by Dell. Cash related to these services is collected from the end user by us and remitted to Dell. • From time to time, we also enter into agency arrangements with Dell that enable us to sell our subscriptions and services, leveraging the Dell enterprise relationships and end customer contracts. Information about our payments for such arrangements during the periods presented consisted of the following (table in millions): 1) Amount includes indirect taxes that were remitted to Dell during the periods presented. We also purchase Dell products through Dell’s channel partners. Purchases of Dell products through Dell’s channel partners were not significant during the periods presented.

		For the Year Ended

	January 31, 2020	February 1, 2019	February 2, 2018

Purchases and leases of products and purchases of services(1)	$242	$200	$142

Dell subsidiary support and administrative costs	119	145	212


Question: How many years would Dell subsidiary support and administrative costs exceed $200 million if Dell subsidiary support and administrative costs in 2019 was $210 million instead?

Answer: 2


Question: What would be the percentage change in the Dell subsidiary support and administrative costs between 2019 and 2020 if Dell subsidiary support and administrative costs in 2019 was $200 million instead?

Answer: 37.93


Question: In which year would total capital be larger if the amount in 2018 was 380.8 million instead?

Answer: 2018

Context:
Capital management The Group considers capital to be net debt plus total equity. Net debt is calculated as total bank debt and lease financing, less unamortised debt fees and cash and cash equivalents as shown in note 32. Total equity is as shown in the Consolidated balance sheet. The calculation of total capital is shown in the table below: Following the application of IFRS 16, total capital for the year ended 31 March 2018 has been restated (note 2). The objectives for managing capital are to safeguard the Group’s ability to continue as a going concern, in order to provide returns for shareholders and benefits for other stakeholders and to maintain an efficient capital structure to optimise the cost of capital. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or take other steps to increase share capital and reduce or increase debt facilities. As at 31 March 2019, the Group had borrowings of £313.0m (2018: £343.0m) through its Syndicated revolving credit facility (2018: Syndicated Term Loan). Interest is payable on this facility at a rate of LIBOR plus a margin of between 1.2% and 2.1% depending on the consolidated leverage ratio of Auto Trader Group plc and its subsidiaries, which is calculated and reviewed on a biannual basis. The Group remains in compliance with its banking covenants.

	2019	(Restated) 2018

	£m	£m

Total net debt	321.0	355.2

Total equity	59.0	5.6

Total capital	380.0	360.8


Question: What would the change in total capital in 2019 from 2018 be if the amount in 2019 was 380.8 million instead?

Answer: 20


Question: What would the percentage change in total capital in 2019 from 2018 be if the amount in 2019 was 380.8 million instead?

Answer: 5.54


Question: In which year would the Gross margin excluding surcharge revenue be larger if the amount in 2018 was 18.3% instead?

Answer: 2017

Context:
Gross Profit Gross profit in fiscal year 2018 increased to $382.3 million, or 17.7 percent of net sales from $300.8 million, or 16.7 percent of net sales for fiscal year 2017. Excluding the impact of the surcharge revenue, our gross margin in fiscal year 2018 was 21.3 percent compared to 19.3 percent in fiscal year 2017. The results reflect the impact of stronger demand and improved product mix coupled with operating cost improvements compared to fiscal year 2017. Our surcharge mechanism is structured to recover increases in raw material costs, although in certain cases with a lag effect as discussed above. While the surcharge generally protects the absolute gross profit dollars, it does have a dilutive effect on gross margin as a percent of sales. The following represents a summary of the dilutive impact of the surcharge on gross margin. We present and discuss these financial measures because management believes removing the impact of surcharge provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.

	Fiscal Year

($ in millions)	2018	2017

Net sales	$2,157.7	$1,797.6

Less: surcharge revenue	365.4	239.2

Net sales excluding surcharge revenue	$1,792.3	$1,558.4

Gross profit	$382.3	$300.8

Gross margin	17.7%	16.7%

Gross margin excluding surcharge revenue	21.3%	19.3%


Question: What would the change in gross profit in 2018 from 2017 be if the amount in 2018 was $380.8 million instead?

Answer: 80


Question: What would the percentage change in gross profit in 2018 from 2017 be if the amount in 2018 was $380.8 million instead?

Answer: 26.6


Question: What is the difference in fair value of cash and cash equivalents between 2018 and 2019 if the 2019 value is increased by 1001 thousand?

Answer: -6007

Context:
Fair Value Disclosures Under the fair value standards fair value is based on the exit price and defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement should reflect all the assumptions that market participants would use in pricing an asset or liability. A fair value hierarchy is established in the authoritative guidance outlined in three levels ranking from Level 1 to level 3 with Level 1 being the highest priority. Level 1: observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly Level 3: unobservable inputs (e.g., a reporting entity’s or other entity’s own data) The Company had no assets or liabilities measured at fair value on a recurring (except our pension plan assets, see Note 15) or non-recurring basis as of September 30, 2019 or September 30, 2018. To estimate fair value of the financial instruments below quoted market prices are used when available and classified within Level 1. If this data is not available, we use observable market based inputs to estimate fair value, which are classified within Level 2. If the preceding information is unavailable, we use internally generated data to estimate fair value which is classified within Level 3. Cash and cash equivalents Carrying amount approximated fair value Accounts and long term receivable with original maturity over one year Fair value was estimated by discounting future cash flows based on the current rate with similar terms. Note payable Fair value was estimated based on quoted market prices. Fair value of accounts receivable with an original maturity of one year or less and accounts payable was not materially different from their carrying values at September 30, 2019, and 2018.

	As of September 30, 2019		As of September 30, 2018

	Carrying amount	Fair value	Carrying amount	Fair value	Fair Value Level	References

		(Amounts in thousands)

Assets:

Cash and cash equivalents	$18,099	$18,099	$25,107	$25,107	1	Consolidated Balance SSheets

Accounts & long term receivable*	7,087	7,087	-	-	3	Note 3

Liabilities:

Note payable	1,001	1,001	-	-	2	Note 11

*Original maturity over one year


Question: What is the difference in the carrying amount and fair value of the accounts and long term receivable in 2019 if the carrying amount is 13 thousand more than double the current carrying amount value but the fair value remained constant?

Answer: 7100


Question: What is the percentage change in the fair value of cash and cash equivalents between 2018 and 2019 if the 2019 value is halved, and added by 20,000 thousand?

Answer: 15.7


Question: What would be the difference between cash and cash equivalents and Available-for-sale debt investments in 2019 if Cash and cash equivalents were $20,000 million instead?

Answer: 1660

Context:
Balance Sheet and Cash Flows Cash and Cash Equivalents and Investments The following table summarizes our cash and cash equivalents and investments (in millions): The net decrease in cash and cash equivalents and investments from fiscal 2018 to fiscal 2019 was primarily driven by cash returned to shareholders in the form of repurchases of common stock of $20.7 billion under the stock repurchase program and cash dividends of $6.0 billion, net cash paid for acquisitions and divestitures of $2.2 billion, a net decrease in debt of $1.1 billion, and capital expenditures of $0.9 billion. These uses of cash were partially offset by cash provided by operating activities of $15.8 billion and the timing of settlements of investments and other of $2.0 billion. In addition to cash requirements in the normal course of business, on July 9, 2019 we announced our intent to acquire Acacia Communications, Inc. (“Acacia”) for a purchase consideration of approximately $2.6 billion in cash. Additionally, $0.7 billion of the U.S. transition tax on accumulated earnings for foreign subsidiaries, $6.0 billion of long-term debt and $4.2 billion of commercial paper notes outstanding at July 27, 2019, are payable within the next 12 months from the balance sheet date. See further discussion of liquidity and future payments under “Contractual Obligations” and “Liquidity and Capital Resource Requirements” below. We maintain an investment portfolio of various holdings, types, and maturities. We classify our investments as short-term investments based on their nature and their availability for use in current operations. We believe the overall credit quality of our portfolio is strong, with our cash equivalents and our available-for-sale debt investment portfolio consisting primarily of high quality investment-grade securities. We believe that our strong cash and cash equivalents and investments position allows us to use our cash resources for strategic investments to gain access to new technologies, for acquisitions, for customer financing activities, for working capital needs, and for the repurchase of shares of common stock and payment of dividends as discussed below.

	July 27, 2019	July 28, 2018	Increase (Decrease)

Cash and cash equivalents .	$11,750	$8,934	$2,816

Available-for-sale debt investments	21,660	37,009	(15,349)

Marketable equity securities	3	605	(602)

Total	$33,413	$46,548	$(13,135)


Question: How many years would Marketable equity securities exceed $500 million if Marketable equity securities in 2019 was $1,000 million?

Answer: 2


Question: What would be the percentage change in the total between 2018 and 2019 if the total in 2019 was $50,000 million instead?

Answer: 7.42


Question: What would be the average age of the company's Chairman and Vice Chairman if their total age is decreased by 10 years?

Answer: 64

Context:
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES A. Directors and Senior Management Set forth below are the names and positions of our directors of the Company and senior management of the Company. The directors of the Company are elected annually, and each elected director holds office until a successor is elected. Officers are elected from time to time by vote of the Board and holds office until a successor is elected. Set forth below are the names and positions of our directors of the Company and senior management of the Company. The directors of the Company are elected annually, and each elected director holds office until a successor is elected. Officers are elected from time to time by vote of the Board and holds office until a successor is elected. Certain biographical information with respect to each director and senior management of the Company listed above is set forth below. On March 6, 2020, Andreas Ove Ugland, a director and Vice Chairman of the Company and our Audit Committee Chairman, passed. Mr. Ugland had been a valued member of our Board of Directors since 1997. Herbjørn Hansson earned his M.B.A. at the Norwegian School of Economics and Business Administration and attended Harvard Business School. In 1974 he was employed by the Norwegian Shipowners’ Association. In the period from 1975 to 1980, he was Chief Economist and Research Manager of INTERTANKO, an industry association whose members control about 70% of the world’s independently owned tanker fleet, excluding state owned and oil company fleets. During the 1980s, he was Chief Financial Officer of Kosmos/Anders Jahre, at the time one of the largest Norwegian based shipping and industry groups. In 1989, Mr. Hansson founded Ugland Nordic Shipping AS, or UNS, which became one of the world’s largest owners of specialized shuttle tankers. He served as Chairman in the first phase and as Chief Executive Officer as from 1993 to 2001 when UNS, under his management, was sold to Teekay Shipping Corporation, or Teekay, for an enterprise value of $780.0 million. He continued to work with Teekay, and reached the position of Vice Chairman of Teekay Norway AS, until he started working full-time for the Company on September 1, 2004. Mr. Hansson is the founder and has been Chairman and Chief Executive Officer of the Company since its establishment in 1995. He also has been a member of various governing bodies of companies within shipping, insurance, banking, manufacturing, national/international shipping agencies including classification societies and protection and indemnity associations. Mr. Hansson is fluent in Norwegian and English, and has a command of German and French for conversational purposes. David Workman has been a director of the Company since November 2019. Mr. Workman has served as Hermitage Offshore Services Ltd.’s Class A Director since December 2013. Mr. Workman was Chief Operating Officer and member of the Supervisory Board of Stork Technical Services, or STS, guided, as Chief Executive Officer, the sale of the RBG Offshore Services Group into the STS group in 2011. Mr. Workman has 30 years of broad experience in the offshore sector ranging from drilling operations/field development through production operations and project management. He has worked with a wide variety of exploration and production companies in the sector and has balanced this with exposure to the service sector, working with management companies. As part of his experience with these different companies, he has had extensive exposure to the North Sea market. Mr. Workman graduated from Imperial College London in 1983 with a Masters in Petroleum Engineering and spent his early years as a Drilling/Production Operations Engineer with BP. In 1987 he joined Hamilton Brothers Oil and Gas who were early adopters of floating production systems. In 1993 he joined Kerr McGee as an operations manager for the Tentech 850 designed Gryphon FPSO, the first permanently moored FPSO in the North Sea. In 1996, Mr. Workman established the service company Atlantic Floating Production, which went on to become the management contractor and duty holder on the John Fredriksen owned Northern Producer and on the Petroleum Geo-Services (PGS) owned Banff FPF. In 2003, Mr. Workman was instrumental in founding Tuscan Energy which went on to redevelop the abandoned Argyll Field in the UK Continental Shelf. In 2009, Mr. Workman was appointed as Chief Executive Officer of STS in 2011. Richard H. K. Vietor has been a director of the Company since July 2007. Mr. Vietor is the Paul Whiton Cherrington Professor of Business Administration where he teaches courses on the regulation of business and the international political economy. He was appointed Professor in 1984. Before coming to Harvard Business School in 1978, Professor Vietor held faculty appointments at Virginia Polytechnic Institute and the University of Missouri. He received a B.A. in economics from Union College in 1967, an M.A. in history from Hofstra University in 1971, and a Ph.D. from the University of Pittsburgh in 1975. Alexander Hansson has been a director of the Company since November 2019. Mr. Hansson is an investor in various markets globally and has made several successful investments in both listed and privately held companies. Mr. Hansson is the son of the Company’s Chairman and Chief Executive Officer and he has built a network over the last 20 years in the shipping and finance sector. He has operated shipping and trading offices in London and Monaco. He studied at EBS Regents College in London, United Kingdom. Jim Kelly has been a director of the Company since June 2010. Mr. Kelly has worked for Time Inc., the world’s largest magazine publisher, since 1978. He served as Foreign Editor during the fall of the Soviet Union and the first Gulf War, and was named Deputy Managing Editor in 1996. In 2001, Mr. Kelly became the magazine’s managing editor, and during his tenure the magazine won a record four National Magazine awards. In 2004, Time Magazine received its first EMMA for its contribution to the ABC News Series “Iraq: Where Things Stand.” In late 2006, Mr. Kelly became the managing editor of all of Time Inc., helping supervise the work of more than 2,000 journalists working at 125 titles, including Fortune, Money, Sports Illustrated and People. Since 2009, Mr. Kelly has worked as a consultant at Bloomberg LP and taught at Princeton and Columbia Universities. Jim Kelly was elected as member of our Audit Committee in February 2012. Mr. Kelly was appointed as the Chairman of the Audit Committee upon the passing of Mr. Ugland. Bjørn Giaever joined the Company as Chief Financial Officer and Secretary on October 16, 2017. Mr. Giaever has over 20 years of experience in the shipping & offshore industry, holding key roles in corporate finance and equity research. He joined the Company from Fearnley Securities AS, where he served as partner and director in the Corporate Finance division. From 2006 to 2010, Mr. Giaever served as a senior corporate advisor in the John Fredriksen group in London. In addition, Mr. Giaever has been a top rated Shipping Analyst at DNB Markets and partner at Inge Steensland AS, specializing in gas and maritime matters. Mr. Giaever holds a BSc in business and economics.

		The Company

Name	Age	Position

Herbjørn Hansson	72	Chairman, Chief Executive Officer, President and Director

David Workman	58	Director

Richard H. K. Vietor	74	Director

Alexander Hansson	38	Director

Jim Kelly	66	Vice Chairman, Director and Audit Committee Member

Bjørn Giaever	52	Chief Financial Officer


Question: What would be the average age of the company's Chief Executive Officer and Chief Financial Officer if the age of the Chief Financial Officer is doubled?

Answer: 88


Question: What would be the total age of the company's Chief Executive Officer and Chief Financial Officer if their total age is decreased by 10%?

Answer: 111.6


Question: If Prior service credits for 2019 was $0.5(in millions) instead, What is the total Prior service credits for the 3 years?

Answer: 2.1

Context:
The following table provides detail of amounts reclassified from AOCL: (1) These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 15, “Derivatives and Hedging Activities,” of the Notes to Consolidated Financial Statements for additional details.

(In millions)	2019	2018	2017	Location of Amount Reclassified from AOCL

Defined benefit pension plans and other post-employment benefits:

Prior service credits	$ 0.1	$0.3	$ 1.3

Actuarial losses	(4.9)	(3.1)	(10.0)

Total pre-tax amount	(4.8)	(2.8)	(8.7)	Other (expense) income, net

Tax benefit	1.2	0.7	2.5

Net of tax	(3.6)	(2.1)	(6.2)

Net gains (losses) on cash flow hedging derivatives:(1)

Foreign currency forward contracts	1.6	0.2	0.9	Cost of sales

Interest rate and currency swaps	—	—	(3.4)

Treasury locks	0.1	0.1	0.1	Interest expense, net

Total pre-tax amount	1.7	0.3	(2.4)

Tax (expense) benefit	(0.6)	(0.1)	0.8

Net of tax	1.1	0.2	(1.6)

Total reclassifications for the period	(2.5 )	(1.9 )	(7.8 )


Question: If the total reclassifications for the period for 2019 was (2.1)(in millions) instead, What is the average Total reclassifications for the period for the 3 years?

Answer: -3.93


Question: If for Treasury locks in 2019, the Total pre-tax amount was 2.3(in millions) instead, What is the Net of tax expressed as a percentage of Total pre-tax amount?

Answer: 73.91


Question: What would be the change in net revenues from FEI-NY between 2018 and 2019 if the value in 2018 increased by $10,000 thousand?

Answer: 1160

Context:
14. Segment Information The Company operates under two reportable segments based on the geographic locations of its subsidiaries: (1) FEI-NY – operates out of New York and its operations consist principally of precision time and frequency control products used in three principal markets- communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military. The FEI-NY segment also includes the operations of the Company’s wholly-owned subsidiaries, FEI-Elcom and FEI-Asia. FEI- Asia functions as a manufacturing facility for the FEI-NY segment with historically minimal sales to outside customers. FEI- Elcom, in addition to its own product line, provides design and technical support for the FEI-NY segment’s satellite business. (2) FEI-Zyfer – operates out of California and its products incorporate Global Positioning System (GPS) technologies into systems and subsystems for secure communications, both government and commercial, and other locator applications. This segment also provides sales and support for the Company’s wireline telecommunications family of products, including US5G, which are sold in the U. S. market. The Company measures segment performance based on total revenues and profits generated by each geographic location rather than on the specific types of customers or end-users. Consequently, the Company determined that the segments indicated above most appropriately reflect the way the Company’s management views the business. The accounting policies of the two segments are the same as those described in the “Summary of Significant Accounting Policies.” The Company evaluates the performance of its segments and allocates resources to them based on operating profit which is defined as income before investment income, interest expense and taxes. All acquired assets, including intangible assets, are included in the assets of both reporting segments. The table below presents information about reported segments for each of the years ended April 30, 2019 and 2018, respectively, with reconciliation of segment amounts to consolidated amounts as reported in the statement of operations or the balance sheet for each of the years (in thousands):

	2019	2018

Net revenues:

FEI-NY	$38,096	$26,936

FEI-Zyfer	12,235	15,272

Less intersegment revenues	(822 )	(2,801)

Consolidated revenues	$49,509	$ 39,407

Operating loss:

FEI-NY	$(4,429 )	$ (15,097)

FEI-Zyfer	1,730	3,164

Corporate	(118 )	(462)

Consolidated operating loss	$(2,817 )	$ (12,395)

	2019	2018

Identifiable assets:

FEI-NY (approximately $1.5 in China in 2019)	$54,295	$ 55,181

FEI-Zyfer	10,478	8,168

less intersegment receivables	(8,346 )	(11,888)

Corporate	30,344	32,123

Consolidated identifiable assets	$86,771	$ 83,584

Depreciation and amortization (allocated):

FEI-NY	$2,695	$ 2,355

FEI-Zyfer	92	114

Corporate	15	15

Consolidated depreciation and amortization expense	$2,802	$ 2,484


Question: What would be the average net revenue from FEI-Zyfer in 2018 and 2019 if the value in 2019 decreased by $2,000 thousand instead?

Answer: 12753.5


Question: In 2019, what would be the percentage constitution of the revenue from FEI-NY among the total consolidated revenues if the total consolidated revenues increased by $10,000 thousand while the net revenues value remains constant?

Answer: 64.02


Question: In which year would the amount of Granted stocks be the largest if the amount in 2019 was $112 thousand instead?

Answer: 2019

Context:
Teradyne determined the stock options’ expected life based upon historical exercise data for executive officers, the age of the executive officers and the terms of the stock option grant. Volatility was determined using historical volatility for a period equal to the expected life. The risk-free interest rate was determined using the U.S. Treasury yield curve in effect at the time of grant. Dividend yield was based upon an estimated annual dividend amount of $0.36 per share divided by Teradyne’s stock price on the grant date of $37.95 for the 2019 grants, $47.70 for the 2018 grants and $28.56 for the 2017 grants. Stock compensation plan activity for the years 2019, 2018, and 2017, is as follows:

	2019	2018	2017

		(in thousands)

Restricted Stock Units:

Non-vested at January 1	2,454	3,174	3,778

Awarded	1,139	790	939

Vested	(1,237)	(1,382)	(1,434)

Forfeited	(87)	(128)	(109)

Non-vested at December31	2,269	2,454	3,174

Stock Options:

Outstanding at January 1	506	531	926

Granted	102	69	111

Exercised	(280)	(94)	(501)

Forfeited	(7)	—	—

Expired	(2)	—	(5)

Outstanding at December 31	319	506	531

Vested and expected to vest at December 31	319	506	531

Exercisable at December 31	85	256	233


Question: What would the change in granted stocks in 2019 from 2018 be if the amount in 2019 was $100 thousand instead?

Answer: 31


Question: What would the percentage change in granted stocks in 2019 from 2018 be if the amount in 2019 was $100 thousand instead?

Answer: 44.93


Question: What would be the percentage change in net sales from 2018 to 2019 if 2018 year end's net sales was $210,000 thousands?

Answer: 17.08

Context:
ITEM 6. SELECTED FINANCIAL DATA The following selected consolidated financial data should be read together with our consolidated financial statements and accompanying notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this report. The selected consolidated financial data in this section is not intended to replace our consolidated financial statements and the accompanying notes. Our historical results are not necessarily indicative of our future results. We derived the consolidated statements of operations data for the fiscal years ended December 31, 2019, 2018 and 2017 and the consolidated balance sheets data as of December 31, 2019 and 2018 from our audited consolidated financial statements appearing elsewhere in this report. The consolidated statement of operations data for the years ended December 31, 2016 and 2015 and the consolidated balance sheet data as of December 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements, which are not included in this report.

	Year Ended December 31,

	2019	2018	2017	2016	2015

Consolidated Statement of Operations Data			(Dollars in thousands except share and per share data)

Net sales	$ 245,862	$193,237	$152,359	$129,707	$113,505

Cost of goods sold	131,665	103,247	79,943	69,336	58,856

Gross profit	114,197	89,990	72,416	60,371	54,649

Selling, general and administrative expenses	114,450	94,876	75,167	62,586	58,297

Loss from operations	(253)	(4,886)	(2,751)	(2,215)	(3,648)

Other income (expenses), net	5	(102)	(525)	(182)	449

Interest expense	(991)	(296)	(910)	(698)	(455)

Loss before income taxes	(1,239)	(5,284)	(4,187)	(3,095)	(3,653)

Income tax expense	144	77	75	66	58

Net loss attributable to common stockholders	$(1,383)	$(5,361)	$(4,262)	$(3,161)	$(3,711)

Net loss per share

Basic	$(0.04)	$(0.15)	$(0.12)	$(0.09)	$(0.11)

Diluted	$(0.04)	$(0.15)	$(0.12)	$(0.09)	$(0.11)

Weighted Average shares of common stock outstanding

Basic	35,950,117	35,329,170	34,487,239	33,674,416	33,497,940

Diluted	35,950,117	35,329,170	34,487,239	33,674,416	33,497,940


Question: What would be the percentage change in cost of goods sold from 2018 to 2019 if 2018 year end's cost of goods sold was $120,000 thousands?

Answer: 9.72


Question: What would be the percentage change in gross profit from 2018 to 2019 year end if 2018 year end's gross profit was $130,000 thousands?

Answer: -12.16


Question: Given that the  total acquisition related and other expenses in 2018 was 67 million, how much was the  total acquisition related and other expenses in 2018 and 2019?

Answer: 55.5

Context:
Acquisition Related and Other Expenses: Acquisition related and other expenses consist of personnel related costs and stock-based compensation for transitional and certain other employees, integration related professional services, and certain business combination adjustments including certain adjustments after the measurement period has ended and certain other operating items, net. Stock-based compensation expenses included in acquisition related and other expenses resulted from unvested restricted stock-based awards and stock options assumed from acquisitions whereby vesting was accelerated generally upon termination of the employees pursuant to the original terms of those restricted stock-based awards and stock options. * Not meaningful On a constant currency basis, acquisition related and other expenses decreased in fiscal 2019 compared to fiscal 2018 primarily due to certain favorable business combination related adjustments that were recorded in fiscal 201 9 .

			Year Ended May 31,

			Percent Change

(Dollars in millions)	2019	Actual	Constant	2018

Transitional and other employee related costs	$49	3%	4%	$48

Stock-based compensation	—	-100%	-100%	1

Professional fees and other, net	16	373%	426%	3

Business combination adjustments, net	(21)	*	*	—

Total acquisition related and other expenses	$44	-15%	-13%	$52


Question: If the transitional and other employee related costs in 2017 was 33 million, what was the difference in transitional and other employee related costs in 2019 and 2017?

Answer: 16


Question: If the company spent 22 million on professional fees and other, net, what was the total amount spent on transitional and other employee related costs and professional fees and other, net in 2019?

Answer: 71


Question: In which year would the amount of Other receivables be larger if the amount in 2018 was 0.4 million instead?

Answer: 2018

Context:
31. Financial instruments Financial assets

		2019	2018

	Note	£m	£m

Net trade receivables	18	24.9	25.4

Accrued income	18	28.0	26.7

Other receivables	18	0.3	0.1

Cash and cash equivalents	19	5.9	4.3

Total		59.1	56.5


Question: What would the change in Other receivables in 2019 from 2018 be if the amount in 2019 was 0.2 million instead?

Answer: 0.1


Question: What would the percentage change in Other receivables in 2019 from 2018 be if the amount in 2019 was 0.2 million instead?

Answer: 100


Question: If the Numerator (basic) – Net income in 2019 increased to 2,938 million, what is the revised increase / (decrease)?

Answer: 879

Context:
EXPLANATORY INFORMATION For the years ended December 31, 2019 and 2018, accounting for outstanding share-based payments using the equity-settled method for stock-based compensation was determined to be more dilutive than using the cash-settled method. As a result, net income for the year ended December 31, 2019 was reduced by $6 million (2018 – $2 million) in the diluted earnings per share calculation. For the year ended December 31, 2019, there were 1,077,875 options out of the money (2018 – 37,715) for purposes of the calculation of earnings per share. These options were excluded from the calculation of the effect of dilutive securities because they were anti-dilutive.

	Years ended December 31

(In millions of dollars, except per share amounts)	2019	2018

Numerator (basic) – Net income for the year	2,043	2,059

Denominator – Number of shares (in millions): Weighted average number of shares outstanding – basic	512	515

Effect of dilutive securities (in millions): Employee stock options and restricted share units	1	1

Weighted average number of shares outstanding – diluted	513	516

Earnings per share:

Basic	$3.99	$4.00

Diluted	$3.97	$3.99


Question: If the Basic Earnings per share in 2019 increased to $4.11, what is the revised increase / (decrease)?

Answer: 0.11


Question: If the Diluted Earnings per share in 2019 increased to $4.81, what is the revised increase / (decrease)?

Answer: 0.82


Question: If receivables in December 2019 was 6,000, what would be the increase / (decrease) in the receivables from 31 December 2018 to 31 December 2019?

Answer: 552

Context:
Accounts receivable and contract balances The timing of revenue recognition may differ from the time of billing to customers. Receivables presented in the balance sheet represent an unconditional right to consideration. Contract balances represent amounts from an arrangement when either the performance obligation has been satisfied by transferring goods and/or services to the customer in advance of receiving all or partial consideration for such goods and/or services from the customer, or the customer has made payment in advance of obtaining control of the goods and/or services promised to the customer in the contract. Contract assets primarily relate to rights to consideration for goods and/or services provided to the customers but for which there is not an unconditional right at the reporting date. Under a fixed-term plan, the total contract revenue is allocated between wireless services and equipment revenues, as discussed above. In conjunction with these arrangements, a contract asset is created, which represents the difference between the amount of equipment revenue recognized upon sale and the amount of consideration received from the customer. The contract asset is recognized as accounts receivable as wireless services are provided and billed. The right to bill the customer is obtained as service is provided over time, which results in the right to the payment being unconditional. The contract asset balances are presented in the balance sheets as prepaid expenses and other, and other assets - net. Contract assets are assessed for impairment on an annual basis and an impairment charge is recognized to the extent the carrying amount is not recoverable. The impairment charge related to contract assets was insignificant for the years ended December 31, 2019 and 2018. Increases in the contract asset balances were primarily due to new contracts and increases in sales promotions recognized upfront, driven by customer activity related to wireless services, while decreases were due to reclassifications to accounts receivable due to billings on the existing contracts and insignificant impairment charges. Contract liabilities arise when customers are billed and consideration is received in advance of providing the goods and/or services promised in the contract. The majority of the contract liability at each year end is recognized during the following year as these contract liabilities primarily relate to advanced billing of fixed monthly fees for service that are recognized within the following month when services are provided to the customer. The contract liability balances are presented in the balance sheet as contract liabilities and other, and other liabilities. Increases in contract liabilities were primarily due to increases in sales promotions recognized over time and upfront fees, as well as increases in deferred revenue related to advanced billings, while decreases in contract liabilities were primarily due to the satisfaction of performance obligations related to wireless services. The balance of receivables from contracts with customers, contract assets and contract liabilities recorded in the balance sheet were as follows: (1) Balances do not include receivables related to the following contracts: leasing arrangements (such as towers) and the interest on equipment financed on a device payment plan agreement when sold to the customer by an authorized agent. (2) Included in device payment plan agreement receivables presented in Device Payment Plans Note. Balances do not include receivables related to contracts completed prior to January 1, 2018 and receivables derived from the sale of equipment on a device payment plan through an authorized agent.

	At December 31, 2019	At December 31, 2018	At January 1, 2018

Receivables (1)	$ 5,752	$ 5,448	$ 5,555

Device payment plan agreement receivables (2)	15,313	12,272	2,073

Contract assets	761	772	858

Contract liabilities	4,721	4,521	3,445


Question: If contract assets in December 2019 was 800, what would be the average contract assets for years ended 2018 and 2019?

Answer: 786


Question: If contract liabilities in December 2019 was 5,000, what would be the increase / (decrease) in contract liabilities from December 2018 to December 2019?

Answer: 479


Question: If Unbilled accounts receivable, net in 2018 was 50,000 thousands, what would be the change from 2018 to 2019?

Answer: 3897

Context:
Customer Contract - Related Balance Sheet Amounts The Company generally invoices customers in annual installments payable in advance. The difference between the timing of revenue recognition and the timing of billings results in the recognition of unbilled accounts receivable or deferred revenue in the consolidated balance sheets. Amounts related to customer contract-related arrangements are included on the consolidated balance sheets as of August 1, 2018 and July 31, 2019 as follows (in thousands): (1) The short- and long-term portions of this balance are reported in ‘Prepaid expenses and other current assets’ and ‘Other assets,’ respectively, on the consolidated balance sheets. Unbilled accounts receivable Unbilled accounts receivable includes those amounts that are unbilled due to agreed-upon contractual terms in which billing occurs subsequent to revenue recognition. This situation typically occurs when the Company transfers control of time-based software licenses to customers up-front, but invoices customers annually over the term of the license, which is typically two years. During the fiscal year ended July 31, 2019, the Company transferred control of a ten year timebased license that resulted in $9.7 million of unbilled accounts receivable as of July 31, 2019, representing future billings in years two through ten of the license term. Unbilled accounts receivable is classified as either current or non-current based on the duration of remaining time between the date of the consolidated balance sheets and the anticipated due date of the underlying receivables. Contract costs Contract costs consist of customer acquisition costs and costs to fulfill a contract, which includes commissions and their related payroll taxes, royalties, and referral fees. Contract costs are classified as either current or non-current based on the duration of time remaining between the date of the consolidated balance sheets and the anticipated amortization date of the associated costs. The current portion of contract costs as of July 31, 2019 in the amount of $7.0 million is included in prepaid and other current assets on the Company’s consolidated balance sheets. The non-current portion of contract costs as of July 31, 2019 in the amount of $23.4 million is included in other assets on the Company’s consolidated balance sheets. The Company amortized $5.5 million of contract costs during the fiscal year ended July 31, 2019. Deferred revenue Deferred revenue consists of amounts that have been invoiced and for which the Company has the right to bill, but that have not been recognized as revenue because the related goods or services have not been transferred. Deferred revenue that will be realized during the 12-month period following the date of the consolidated balance sheets is recorded as current, and the remaining deferred revenue is recorded as non-current. During the fiscal year ended July 31, 2019, the Company recognized revenue of $112.2 million related to the Company’s deferred revenue balance as of August 1, 2018.

	Beginning balance as of August 1, 2018 as adjusted	Ending balance as of July 31, 2019 as reported

Unbilled accounts receivable, net	$ 28,762	46,103

Contract costs, net(1)	12,932	30,390

Deferred revenue, net	(141,685)	(131,831)


Question: If Contract costs, net in 2019 was 35,000 thousands, what would be the average for 2018 and 2019?

Answer: 32695


Question: If Contract costs, net in 2019 was 10,000 thousands, in which year would it be less than 20,000 thousands??

Answer: 2019

Answer: 2018


Question: How did the company's basic weighted average shares outstanding change from 2018 to 2019 if the  basic weighted average shares outstanding in 2018 was 20,000?

Answer: -12.88

Context:
Earnings per share for the periods indicated were computed as follows (in thousands except per share amounts): Our weighted average shares outstanding has decreased due to the repurchase of our outstanding common stock through a modified Dutch auction tender offer (the “Tender Offer”) and the stock repurchase program announced on October 29, 2018. 11. Earnings Per Share

	Year ended December 31,

	2019	2018

Numerators

Numerator for basic and diluted earnings per share:

Net income	$13,267	$3,654

Denominators

Denominators for basic and diluted earnings per share:

Weighted average shares outstanding - basic	17,424	20,721

Dilutive potential common shares

Stock options and awards	1,101	296

Denominator for diluted earnings per share	18,525	21,017

Net income per common share - basic	$0.76	$0.18

Net income per common share – diluted	$0.72	$0.17


Question: How did the company's Denominator for diluted earnings per share change from 2018 to 2019 if the original earnings for 2018 was doubled?

Answer: -55.93


Question: How much more stock options and awards did the company give out in 2019 compared to 2018 if the amount given out in 2018 was tripled?

Answer: 213


Question: If current assets increased to 40,000 million, what is the increase / (decrease) from 2018 to 2019?

Answer: -9146

Context:
IBM Working Capital Working capital decreased $10,200 million from the year-end 2018 position. The key changes are described below: Current assets decreased $10,726 million ($10,477 million adjusted for currency) due to: • A decline in receivables of $6,769 million ($6,695 million adjusted for currency) driven by a decline in financing receivables of $8,197 million primarily due to the wind down of OEM IT commercial financing operations; partially offset by an increase in other receivables of $989 million primarily related to divestitures; and • A decrease of $3,213 million ($3,052 million adjusted for currency) in cash and cash equivalents, restricted cash, and marketable securities primarily due to retirement of debt. Current liabilities decreased $526 million ($449 million adjusted for currency) as a result of: • A decrease in accounts payable of $1,662 million primarily due to the wind down of OEM IT commercial financing operations; and • A decrease in short-term debt of $1,410 million due to maturities of $12,649 million and a decrease in commercial paper of $2,691 million; partially offset by reclassifications of $7,592 million from long-term debt to reflect upcoming maturities and issuances of $6,334 million; offset by • An increase in operating lease liabilities of $1,380 million as a result of the adoption of the new leasing standard on January 1, 2019; and • An increase in deferred income of $861 million ($890 million adjusted for currency).

($ in millions)

At December 31:	2019	2018

Current assets	$38,420	$49,146

Current liabilities	37,701	38,227

Working capital	$ 718	$10,918

Current ratio	1.02:1	1.29:1


Question: If the Current liabilities in 2019 increased to 40,000 million, what is the percentage increase / (decrease) from 2018 to 2019?

Answer: 4.64


Question: If the working capital in 2019 increased to 5,000 million, what is the revised average?

Answer: 7959


Question: If unbilled in 2019 was 25,000, what would be the increase / (decrease) in the unbilled from 2018 to 2019?

Answer: 718

Context:
Subsequent to origination, the delinquency and write-off experience is monitored as key credit quality indicators for the portfolio of device payment plan agreement receivables and fixed-term service plans. The extent of collection efforts with respect to a particular customer are based on the results of proprietary custom empirically derived internal behavioral-scoring models that analyze the customer’s past performance to predict the likelihood of the customer falling further delinquent. These customer-scoring models assess a number of variables, including origination characteristics, customer account history and payment patterns. Based on the score derived from these models, accounts are grouped by risk category to determine the collection strategy to be applied to such accounts. Collection performance results and the credit quality of device payment plan agreement receivables are continuously monitored based on a variety of metrics, including aging. An account is considered to be delinquent and in default status if there are unpaid charges remaining on the account on the day after the bill’s due date. At December 31, 2019 and 2018, the balance and aging of the device payment plan agreement receivables on a gross basis was as follows:

	2019	2018

Unbilled	$ 22,827	$ 24,282

Billed:

Current	1,286	1,465

Past due	236	271

Device payment plan agreement receivables, gross	$ 24,349	$ 26,018


Question: If current billed in 2019 was 1,500, what would be the average current billed for 2018 and 2019?

Answer: 1482.5


Question: If past due in 2019 was 300, what would be the increase / (decrease) in the past due from 2018 to 2019?

Answer: 29


Question: What would be the change in the weighted average grant date fair value of nonvested shares between 2016 and 2017 if the Weighted Average Grant Date Fair Value in 2016 was $40.00?

Answer: 2.06

Context:
Combined Incentive Plan Information RSU share activity under the 2004 Plan is set forth below: The total intrinsic value of RSUs which vested during the years ended March 31, 2019, 2018 and 2017 was $229.3 million, $146.0 million and $166.1 million, respectively. The aggregate intrinsic value of RSUs outstanding at March 31, 2019 was $522.0 million, calculated based on the closing price of the Company's common stock of $82.96 per share on March 29, 2019. At March 31, 2019, the weighted average remaining expense recognition period was 1.91 years.

	Number of Shares	Weighted Average Grant Date Fair Value

Nonvested shares at March 31, 2016	6,307,742	$36.76

Granted	1,635,655	51.46

Assumed upon acquisition	2,059,524	46.57

Forfeited	(722,212)	43.58

Vested	(2,861,253)	38.60

Nonvested shares at March 31, 2017	6,419,456	42.06

Granted	1,267,536	77.26

Forfeited	(279,051)	49.65

Vested	(1,735,501)	38.00

Nonvested shares at March 31, 2018	5,672,440	50.79

Granted	1,951,408	77.83

Assumed upon acquisition	1,805,680	91.70

Forfeited	(408,242)	73.36

Vested	(2,729,324)	61.51

Nonvested shares at March 31, 2019	6,291,962	$64.81


Question: What would be the change in the number of vested shares between 2017 and 2018 if the number of vested shares in 2017 was -2,000,000 instead?

Answer: -729324


Question: What would be the percentage change in the number of nonvested shares between 2018 and 2019 if the number of unvested shares in 2019 was 6,000,000 instead?

Answer: 5.77


Question: What is the percentage change in Asia sales between 2018 and 2019 if the 2019 sales is doubled and increased by another 400 thousand?

Answer: 151.57

Context:
The following table details the Company’s sales by operating segment for fiscal years ended September 30, 2019 and 2018. The Company’s sales by geographic area based on the location of where the products were shipped or services rendered are as follows: Substantially all Americas amounts are United States.

2019	Americas	Europe	Asia	Total	% of total

		(Amounts in thousands)

TS	$67,728	$3,285	$646	$71,159	90%

HPP	5,294	771	1,837	7,902	10%

Total	$72,522	$4,056	$2,483	$79,061	100%

% of total	92%	5%	3%	100%

2018

TS	$52,034	$9,059	$1,344	$62,437	86%

HPP	8,424	1,266	789	10,479	14%

Total	$60,458	$10,325	$2,133	$72,916	100%

% of total	83%	14%	3%	100%


Question: What is the difference in total sales between 2018 and 2019 if the sales in 2018 is decreased by 30%?

Answer: 28019.8


Question: What is the difference in total sales between TS Asia and TS Europe in 2019 if the value for TS Asia is doubled and then increased by 50?

Answer: 2043


Question: How many components would there be under Costs and Expenses if Other income was removed?

Answer: 4

Context:
NOTE 3—ACQUISITIONS AND DIVESTITURES Sale of CGD Services On April 18, 2018, we entered into a stock purchase agreement with Nova Global Supply & Services, LLC (Purchaser), an entity affiliated with GC Valiant, LP, under which we agreed to sell our CGD Services business to the Purchaser. We concluded that the sale of the CGD Services business met all of the required conditions for discontinued operations presentation in the second quarter of fiscal 2018. Consequently, in the second quarter of fiscal 2018, we recognized a $6.9 million loss within discontinued operations, which was calculated as the excess of the carrying value of the net assets of CGD Services less the estimated sales price in the stock purchase agreement less estimated selling costs. The sale closed on May 31, 2018. In accordance with the terms of the stock purchase agreement, the Purchaser agreed to pay us $135.0 million in cash upon the closing of the transaction, adjusted for the estimated working capital of CGD Services at the date of the sale compared to a working capital target. In the third quarter of fiscal 2018, we received $133.8 million in connection with the sale and we recorded a receivable from the Purchaser for the estimated amount due related to the working capital settlement. The balance of this receivable was $3.7 million at September 30, 2018. During fiscal 2019, we worked with the Purchaser and revised certain estimates related to the working capital settlement. In connection with the revision of these estimates, we reduced the receivable from the Purchaser by $1.4 million and recognized a corresponding loss on the sale of CGD Services in fiscal 2019. Certain remaining working capital settlement estimates, primarily related to the fair value of accounts receivable, have not yet been settled with the Purchaser. In addition to the amounts described above, we are eligible to receive an additional cash payment of $3.0 million based on the achievement of pre-determined earn-out conditions related to the award of certain government contracts. No amount has been recorded as a receivable related to the potential achievement of earn-out conditions based upon our assessment of the probability of achievement of the required conditions. The operations and cash flows of CGD Services are reflected in our Consolidated Statements of Operations and Consolidated Statements of Cash Flows as discontinued operations through May 31, 2018, the date of the sale. The following table presents the composition of net income from discontinued operations, net of taxes (in thousands):

		Years Ended September 30,

	2019	2018	2017

Net sales	$ —	$ 262,228	$ 378,152

Costs and expenses:

Cost of sales	—	235,279	342,819

Selling, general and administrative expenses	—	11,365	17,487

Amortization of purchased intangibles	—	1,373	2,752

Restructuring costs	—	7	208

Other income	—	(15)	(46)

Earnings from discontinued operations before income taxes	—	14,219	14,932

Net loss on sale	1,423	6,131	—

Income tax provision	—	3,845	401

Net income (loss) from discontinued operations	$ (1,423)	$ 4,243	$ 14,531


Question: What would the change in net sales in 2018 from 2017 be if the amount in 2018 was $260,000 thousand instead?

Answer: -118152


Question: What would the percentage change in net sales in 2018 from 2017 be if the amount in 2018 was $260,000 thousand instead?

Answer: -31.24


Question: What would be the difference between the fair value of Inventories between Trek and LumaSense if the fair value of Inventories of Trek is $5,000 thousand?

Answer: 4372

Context:
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts) The final fair values of the assets acquired and liabilities assumed from our acquisitions in 2018 are as follows:

	Trek	Electrostatic Product Line	LumaSense	Total

Accounts and other receivable, net	$ 2,818	$ 77	$ 7,167	$ 10,062

Inventories	3,941	292	9,372	13,605

Property and equipment	594	50	1,353	1,997

Goodwill	—	1,220	36,258	37,478

Intangible assets	788	1,400	43,240	45,428

Deferred income tax assets	606	—	6,331	6,937

Other assets	854	—	6,004	6,858

Total assets acquired	9,601	3,039	109,725	122,365

Accounts payable	747	39	5,734	6,520

Deferred income tax liabilities	—	—	11,699	11,699

Other liabilities	2,782	—	7,608	10,390

Total liabilities assumed	3,529	39	25,041	28,609

Total fair value of net assets acquired	$ 6,072	$ 3,000	$ 84,684	$ 93,756


Question: What would be the difference between the total fair value of Inventories and Goodwill if the total fair value of inventories was $30,000 thousand instead?

Answer: 7478


Question: What would be the sum of the 3 highest total assets types if the total fair value for Property and Equipment was $30,000 thousand instead?

Answer: 112906


Question: Suppose the services revenue in 2018 was 4218 millions instead, by how much less did the company make in services revenues in 2019 compared to 2018?

Answer: 978

Context:
Services Business We offer services to customers and partners to help to maximize the performance of their investments in Oracle applications and infrastructure technologies. Services revenues are generally recognized as the services are performed. The cost of providing our services consists primarily of personnel related expenses, technology infrastructure expenditures, facilities expenses and external contractor expenses. (1) Excludes stock-based compensation and certain expense allocations. Also excludes amortization of intangible assets and certain other GAAP-based expenses, which were not allocated to our operating segment results for purposes of reporting to and review by our CODMs, as further described under “Presentation of Operating Segments and Other Financial Information” above. Excluding the effects of currency rate fluctuations, our total services revenues decreased in fiscal 2019 relative to fiscal 2018 primarily due to revenue declines in our education services and, to a lesser extent, our consulting services. During fiscal 2019, constant currency increases in our EMEA-based services revenues were offset by constant currency services revenue decreases in the Americas and the Asia Pacific regions. In constant currency, total services expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to an increase in employee related expenses and external contractor expenses associated with investments in our consulting services that support our cloud offerings. In constant currency, total margin and total margin as a percentage of total services revenues decreased during fiscal 2019 relative to fiscal 2018 due to decreased revenues and increased expenses for this business.

			Percent Change

(Dollars in millions)	2019	Actual	Constant	2018

Services Revenues:

Americas	$1,576	-5%	-3%	$1,654

EMEA	1,021	-2%	2%	1,046

Asia Pacific	643	-7%	-4%	695

Total revenues	3,240	-5%	-2%	3,395

Total Expenses (1)	2,703	-1%	2%	2,729

Total Margin	$537	-19%	-18%	$666

Total Margin %	17%			20%

% Revenues by Geography:

Americas	49%			49%

EMEA	31%			31%

Asia Pacific	20%			20%


Question: Given that the total margin in 2018 was 777 millions instead, how much less was the total margin in 2019 then in 2018?

Answer: 240


Question: If the percentage revenues by geography for Americas and EMEA was 39% and 41% respectively in 2019, what was the difference in percentage revenues by geography in the EMEA relative to the Asia Pacific in 2019?

Answer: 21


Question: If the Total reported cases in FY 2017 increased to 118 what is the revised change of total reported cases between FY2016 and FY2017?

Answer: 2

Context:
Reporting Channels and Whistleblower Protection To ensure that our conduct meets relevant legal requirements and the highest ethical standards under the Ethics Code, TSMC provides multiple channels for reporting business conduct concerns. First of all, our Audit Committee approved and we have implemented the “Complaint Policy and Procedures for Certain Accounting and Legal Matters” and “Procedures for Ombudsman System” that allow employees or any whistleblowers with relevant evidence to report any financial, legal, or ethical irregularities anonymously through either the Ombudsman or directly to the Audit Committee. TSMC maintains additional internal reporting channels for our employees. To foster an open culture of ethics compliance, we encourage our employees and the third parties we do business with to report any suspected noncompliance with law or relevant TSMC policy. TSMC treats any complaint and the investigation thereof in a confidential and sensitive manner, and strictly prohibits any form of retaliation against any individual who in good faith reports or helps with the investigation of any complaint. Due to the open reporting channels, TSMC receives reports on various issues from employees and external parties such as our customers and suppliers from time to time. Below is a summary of the Number of Reported Incidents. Note 1: Among the 205 cases, 132 were related to employee relationship, 47 cases related to other matters (e.g. employee’s individual interest or private matters), and 26 cases related to ethical matters. Note 2: One case involved an employee who requested a supplier to reserve a hotel and pay advance accommodation fees during his business trip, actions which violate TSMC policy, and the employee was disciplined. Another case involved an employee who abused his work relationship by requesting a supplier to make a personal loan to the employee, a severe violation of our Ethics Code, and the employee was terminated. Note 3: After the investigation by TSMC’s Sexual Harassment Investigation Committee, four employees involved in confirmed cases of sexual harassment received severe discipline from the Company.

Year	FY 2016	FY 2017	FY 2018	FY 2019

Total reported cases	116	113	150	205 (Note 1)

Ethics-related cases	16	20	14	26

Cases investigated and verified as ethics violations	2	4	1	2 (Note 2)

Sexual Harassment Investigation Committees Formed	5	7	3	4

Cases investigated and verified as violations	5	3	3	4 (Note 3)


Question: What would be the change in Ethics-related cases between FY 2016 and FY 2017 if the number of cases in FY2017 was 24 instead?

Answer: 8


Question: What would be the change in Cases investigated and verified as ethics violations between FY 2016 and FY 2017 if the amount in FY 2017 was 8 instead?

Answer: 6


Question: What would be the average number of Outstanding shares as per january 1 2018 and 2019 if Outstanding shares as per january 1 2019 was 50,000,000 instead?

Answer: 53070076.5

Context:
SHARE INFORMATION On December 31, 2019, the total number of issued common shares of ASMI amounted to 51,297,394 compared to 56,297,394 at year-end 2018. The decrease was the result of the cancellation of 5 million treasury shares that was approved by the Annual General Meeting of Shareholders (AGM) on May 20, 2019, and became effective on July 23, 2019. On December 31, 2019, we had 48,866,220 outstanding common shares excluding 2,431,174 treasury shares. This compared to 49,318,898 outstanding common shares and 6,978,496 treasury shares at year-end 2018. Besides the cancellation of 5 million treasury shares in July 2019, the change in the number of treasury shares in 2019 was the result of approximately 951,000 repurchased shares and approximately 498,000 treasury shares that were used as part of share based payments. On December 31, 2019, 48,583,340 of the outstanding common shares were registered with our transfer agent in the Netherlands, ABN AMRO Bank NV; and 282,880 were registered with our transfer agent in the United States, Citibank, NA, New York. On February 25, 2020, ASMI announced that it will propose to the AGM 2020 the cancellation of 1.5 million treasury shares, as the number of 2.4 million treasury shares held at that date was more than sufficient to cover our outstanding options and restricted/performance shares.

	2018	2019

As per January 1:

Issued shares	62,297,394	56,297,394

Treasury shares	6,157,241	6,978,496

Outstanding shares	56,140,153	49,318,898

Changes during the year:

Cancellation of treasury shares	6,000,000	5,000,000

Share buybacks	7,242,734	950,902

Treasury shares used for share based performance programs	421,479	498,224

As per December 31:

Issued shares	56,297,394	51,297,394

Treasury shares	6,978,496	2,431,174

Outstanding shares	49,318,898	48,866,220


Question: At which point of time would the Outstanding shares be the greatest if Outstanding shares as per december 31 2019 were 60,000,000 instead?

Answer: December 31 2019


Question: What would be the change in Outstanding shares as per December 31, 2019 as compared to January 1, 2018 if Outstanding shares as per december 31 2019 were 60,000,000 instead?

Answer: 3859847


Question: Which asset type would have the largest depreciation of the year if the amount for Land and buildings was $5.3 million instead?

Answer: Land and buildings

Context:
NOTE 7 – LEASING TORM has leases for the office buildings, some vehicles and other administrative equipment. With the exception of short-term leases and leases of low-value assets, each lease is reflected on the balance sheet as a right-of-use asset with a corresponding lease liability. The right-of-use assets are included in the financial statement line item in which the corresponding underlying assets would be presented if they were owned. Please refer to note 6. As of 31 December 2019, TORM had recognized the following right-of-use assets:

USDm	Vessels and capitalized dry-docking	Land and buildings	Other plant and operating equipment

Cost:

Balance as of 1 January	43.3	-	-

Adjustment on transition to IFRS 16	-	9.9	0.3

Additions	1.8	0.5	0.4

Disposals	-2.7	-	-0.1

Balance as of 31 December	42.4	10.4	0.6

Depreciation:

Balance as of 1 January	13.4	-	-

Disposals	-2.7	-	-

Depreciation for the year	4.8	2.3	0.2

Balance as of 31 December	15.5	2.3	0.2

Carrying amount as of 31 December	26.9	8.1	0.4


Question: What would the change in the depreciation balance as of 31 December from 1 January in 2019 for vessels and capitalized dry-docking be if the amount on 31 December was $16.4 million instead?

Answer: 3


Question: What would the percentage change in the depreciation balance as of 31 December from 1 January in 2019 for vessels and capitalized dry-docking be if the amount on 31 December was $16.4 million instead?

Answer: 22.39


Question: If the Trade and other receivables in 2019 increased to 1,893 thousand what is the revised increase / (decrease)?

Answer: 150

Context:
BUSINESS COMBINATION IN FISCAL 2019 Purchase of a fibre network and corresponding assets On October 3, 2018, the Corporation's subsidiary, Atlantic Broadband, completed the acquisition of the south Florida fibre network previously owned by FiberLight, LLC. The transaction, combined with the dark fibers acquired from FiberLight in the second quarter of fiscal 2018, added 350 route miles to Atlantic Broadband’s existing south Florida footprint. The acquisition was accounted for using the purchase method and was subject to post closing adjustments. The final allocation of the purchase price of this acquisition is as follows:

	Final	Preliminary

	August 31, 2019	November 30, 2018

(In thousands of Canadian dollars)	$	$

Purchase price

Consideration paid at closing	38,876	38,876

Balance due on business combinations	5,005	5,005

	43,881	43,881

Net assets acquired

Trade and other receivables	1,308	1,743

Prepaid expenses and other	335	335

Property, plant and equipment	28,785	45,769

Intangible assets	3,978	—

Goodwill	11,093	—

Trade and other payables assumed	(644)	(644)

Contract liabilities and other liabilities assumed	(974)	(3,322)

	43,881	43,881


Question: If the Property, plant and equipment in 2019 increased to 31,583 thousand what is the revised increase / (decrease)?

Answer: -14186


Question: If the Contract liabilities and other liabilities assumed in 2019 is (2,051) thousand what is the revised increase / (decrease)?

Answer: 1271


Question: What would the percentage change in revenue between 2018 and 2019 if revenue in 2019 increased by $80 million?

Answer: 13.24

Context:
Year ended December 31, 2019 compared with the year ended December 31, 2018: Revenue in 2019 is derived from license agreements that we entered into with third-parties following negotiations pursuant to our patent licensing and enforcement program. The revenue decrease is primarily due to timing of revenues, as further described in "Item 1. Business" - "Licensing and Enforcement - Current Activities, Post 2013". Cost of revenues includes contingent legal fees directly associated with our licensing and enforcement programs. Cost of revenues primarily decreased in proportion to the decrease in revenues. Operating expenses consists of sales and marketing, general and administrative, and research and development. Selling, general and administrative expenses ("SG&A") consisted primarily of legal fees incurred in operations and employee headcount related expenses. These comprise approximately 60% of total SG&A expense. Litigation expenses increased $3.0 million to $19.4 million in 2019 compared to 2018 and are primarily due to the timing of various outstanding litigation actions. See "Item 3. Legal Proceedings". Employee headcount related expenses decreased $2.0 million to $3.6 million in 2019 compared to 2018, primarily due to lower incentive bonuses. Research and development expense remained flat between years. Other expense decreased in 2019 as we no longer have exposure from the warrant liability, and included $0.7 million related to the sale of our investment in JVP, offset by $0.3 million of net interest income. Income tax provision (benefit) is primarily a function of income (loss) before income, state income tax expense (benefit) and federal benefit of foreign derived intangible tax benefit related to 2018.

For the Years Ended December 31,

	2019	2018	Change	% Change

(In millions, except percentages)

Revenues	$13.2	$82.3	$(69.1)	(84)%

Cost of revenues	1.9	15.3	(13.4)	(88)%

Gross profit	11.3	67.0	(55.7)	(83)%

Gross margin	86 %	81 %

Operating expenses:

Selling, general and administrative	31.7	32.2	(0.5)	(2)%

Research and development	2.0	2.1	(0.1)	(5)%

Total operating expenses	33.7	34.3	(0.6)	(2)%

Other expense	(0.3)	(4.0)	3.7	(93)%

Income (loss) before income taxes	(22.7)	28.7	(51.4)	(179)%

Income tax provision (benefit)	(6.2)	8.0	(14.2)	(178)%

Net income (loss)	$(16.5)	$20.7	$(37.2)	(180)%


Question: What is the value of litigation expenses in 2019 as a percentage of the 2019 gross profit if gross profit in 2019 increased by $5 million?

Answer: 119.02


Question: What is the value of employee headcount related expenses as a percentage of the cost of revenues in 2019 if the employee headcount related expenses decreased by $2 million?

Answer: 84.21


Question: Which segment of total goodwill was the largest in 2019 if  Board & Systems - EMEA was 15,000 thousand instead?

Answer: Board & Systems - EMEA

Context:
A segment-level summary of the goodwill allocation is presented below. The recoverable amount of the group’s intangible assets has been assessed based on value-in-use calculations. The value in use is calculated using a discounted cash flow methodology covering a four year period plus terminal value. Cash flow forecasts Cash flow forecasts are post-tax and based on the most recent financial projections covering a maximum of five years. Financial projections are based on assumptions that represent management’s best estimates. Revenue growth rates Revenue growth rates used are based on management’s latest four-year plan. Four-year growth rates averaged between 8.8% to 12.1% for these CGUs (Board & Systems - Americas 8.8%, Board & Systems - EMEA 12.1% and Parts Analytics and Search 11.8%). Sensitivity testing was performed on these CGUs and a reasonably possible decline in these rates would not cause the carrying value of any of these CGUs to exceed its recoverable amount. Terminal value The terminal value calculated after year four is determined using the perpetual growth model, having regard to the weighted average cost of capital (WACC) and terminal growth factor appropriate to each CGU. Terminal growth rates used in the financial projections was 2.0%. Discount rates Discount rates used are WACC and include a premium for market risks appropriate to each country in which the CGU operates. WACCs averaged 8.9% (Board & Systems - Americas 9.1%, Board & Systems - EMEA 8.6% and Parts Analytics and Search 9.1%). Sensitivity Any reasonable change to the above key assumptions would not cause the carrying value of any of the remaining CGU’s to materially exceed its recoverable amount. Accounting policy for intangible assets Goodwill Goodwill arises on the acquisition of a business. Goodwill is not amortised. Instead, goodwill is tested annually for impairment, or more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment losses. Impairment losses on goodwill are taken to profit or loss and are not subsequently reversed. Intellectual property Significant costs associated with intellectual property are deferred and amortised on a straight-line basis over the period of their expected benefit, being their finite life of 5 to 10 years. Customer relationships Customer relationships acquired in a business combination are amortised on a straight-line basis over the period of their expected benefit, being their finite life of 10 to 15 years. Software intangibles Software intangibles arise from costs associated with the direct development and implementation on an internal project on new and existing software utilised by the group which demonstrates the technical feasibility of providing future economic benefits and amortised on a straight-line basis over the period of their expected benefit, being their finite life of 2 to 5 years. Accounting policy for intangible assets

	Consolidated

	2019	2018

	US$000	US$000

Goodwill

Board & Systems - Americas	10,672	8,324

Board & Systems - EMEA	5,383	5,383

Parts Analytics and Search	13,444	13,444

Total	29,499	27,151


Question: How many segments in 2019 had a goodwill value of above 5,000 thousand if Board & Systems - EMEA was 4,000 thousand instead?

Answer: 2


Question: What is the percentage increase in the total goodwill allocation from 2018 to 2019 if the amount in 2019 is now 30,000,000?

Answer: 10.49


Question: If the Long-term debt obligations for fiscal year 2020 was 163,523(in thousands) instead, What is the average annual fiscal year Long-term debt obligations for fiscal year 2020 to 2024?

Answer: 300249.2

Context:
Commitments and Contractual Obligations As of June 30, 2019, we have entered into the following contractual obligations with minimum payments for the indicated fiscal periods as follows: 1) Includes interest up to maturity and principal payments. Please see note 10 "Long-Term Debt" for more details. (2) Net of $30.7 million of sublease income to be received from properties which we have subleased to third parties.

			Payments due between

	Total	July 1, 2019— June 30, 2020	July 1, 2020— June 30, 2022	July 1, 2022— June 30, 2024	July 1, 2024 and beyond

Long-term debt obligations (1)	$3,408,565	$147,059	$292,156	$1,045,567	$1,923,783

Operating lease obligations (2)	318,851	72,853	106,394	59,441	80,163

Purchase obligations	11,280	8,364	2,747	169	—

	$3,738,696	$228,276	$401,297	$1,105,177	$2,003,946


Question: If the Total obligations of July 1, 2024 and beyond was $2,452,524(in thousands), What is the Total obligations of July 1, 2024 and beyond expressed as a percentage of Total obligations?

Answer: 58.57


Question: If For July 1, 2024 and beyond, the Long-term debt obligations was $1,245,523(in thousands), all else constant, what is Long-term debt obligations expressed as a percentage of Total obligations?

Answer: 62.15