Question: What would be the average net operating loss carryforward in 2018 and 2019 if the value in 2019 is decreased by $50,000?

Answer: 6081.5

Context:
NOTE 13. INCOME TAXES We calculate our provision for federal and state income taxes based on current tax law. U.S. federal tax reform (Tax Act) was enacted on December 22, 2017, and has several key provisions impacting the accounting for and reporting of income taxes. The most significant provision reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. We remeasured the applicable deferred tax assets and liabilities based on the rates at which they are expected to reverse. As a result, the gross deferred tax assets and liabilities were adjusted which resulted in an expense for income taxes of $7.1 million which was fully offset by a corresponding change to our valuation allowance in 2017. The Tax Act contains several base broadening provisions that became effective on January 1, 2018, that did not have a material impact on 2018 and 2019 earnings. Deferred tax asset (liability) is comprised of the following (in thousands): We have determined it is more likely than not that our deferred tax assets will not be realized. Accordingly, we have provided a valuation allowance for deferred tax assets.

December 31

	2019	2018

Net operating loss carryforwards	$7,672	$4,541

Stock options and warrants	420	214

Property	138	299

Intangible assets	66	94

Capitalized expenses	54	86

Other	210	164

Operating right-of-use lease assets	(667)

Operating right-of-use lease liabilities	794

Net deferred tax assets	8,687	5,398

Less: Valuation allowance	(8,687)	(5,398)

Deferred tax asset (liability)	$ -	$ -


Question: What would be the percentage change in net operating loss carryforward in 2018 and 2019 if the value in 2019 is increased by $500,000?

Answer: 79.96


Question: What would be the percentage change in the stock options and warrants between 2018 and 2019 if the amount in 2019 is increased by 10%?

Answer: 115.89


Question: What is the profit margin for the fourth quarter of 2019 if fourth quarter revenue was 105,000?

Answer: 21.31

Context:
Revenues. Revenues increased by 9% to RMB105.8 billion for the fourth quarter of 2019 on a quarter-on-quarter basis. Revenues from VAS increased by 3% to RMB52,308 million for the fourth quarter of 2019. Online games revenues grew by 6% to RMB30,286 million. The increase was primarily due to revenue contributions from domestic smart phone titles such as Peacekeeper Elite, as well as revenues contributed from Supercell commencing in the fourth quarter of 2019, partly offset by the decrease in revenues from PC client games. Social networks revenues were RMB22,022 million, broadly stable compared to the third quarter of 2019. Revenues from FinTech and Business Services increased by 12% to RMB29,920 million for the fourth quarter of 2019. The increase mainly reflected the growth of commercial payment, social payment and cloud services. Revenues from Online Advertising increased by 10% to RMB20,225 million for the fourth quarter of 2019. Social and others advertising revenues grew by 11% to RMB16,274 million. The increase was primarily driven by greater revenues from our mobile advertising network and Weixin Moments, benefitting from the positive seasonality of eCommerce promotional activities in the fourth quarter. Media advertising revenues increased by 8% to RMB3,951 million. The increase mainly reflected greater advertising revenues from our media platforms including Tencent Video, Tencent News and TME. Cost of revenues. Cost of revenues increased by 9% to RMB59,659 million for the fourth quarter of 2019 on a quarter-onquarter basis. The increase was primarily driven by greater channel costs, costs of FinTech services and content costs. As a percentage of revenues, cost of revenues was 56% for the fourth quarter of 2019, broadly stable compared to the third quarter of 2019. Cost of revenues for VAS increased by 7% to RMB26,120 million for the fourth quarter of 2019. The increase was primarily due to greater content costs for live broadcast services and major eSport events, as well as higher channel and content costs for smart phone games, including the channel costs attributable to Supercell. Cost of revenues for FinTech and Business Services increased by 11% to RMB21,520 million for the fourth quarter of 2019. The increase mainly reflected greater costs from increased volume of payment activities and greater scale of cloud services. Cost of revenues for Online Advertising decreased by 2% to RMB9,241 million for the fourth quarter of 2019. The decrease was primarily driven by lower content costs for our advertising-funded long form video service, partly offset by traffic acquisition costs due to revenue growth from our advertising network. Selling and marketing expenses. Selling and marketing expenses increased by 17% to RMB6,712 million for the fourth quarter of 2019 on a quarter-on-quarter basis. The increase mainly reflected seasonally greater marketing spending on smart phone games and digital content services, as well as expenses attributable to Supercell. General and administrative expenses. General and administrative expenses increased by 18% to RMB16,002 million for the fourth quarter of 2019 on a quarter-on-quarter basis. The increase was mainly due to greater R&D expenses and staff costs, including expenses attributable to Supercell. Share of (loss)/profit of associates and joint ventures. We recorded share of losses of associates and joint ventures of RMB1,328 million for the fourth quarter of 2019, compared to share of profit of RMB234 million for the third quarter of 2019. The movement mainly reflected certain associates booking non-cash fair value changes to their investment portfolios. Profit attributable to equity holders of the Company. Profit attributable to equity holders of the Company increased by 6% to RMB21,582 million for the fourth quarter of 2019 on a quarter-on-quarter basis. Non-IFRS profit attributable to equity holders of the Company increased by 4% to RMB25,484 million.

	Unaudited

	Three months ended

	31 December	30 September

	2019	2019

	(RMB in millions)

Revenues	105,767	97,236

Cost of revenues	(59,659)	(54,757)

Gross profit	46,108	42,479

Interest income	1,580	1,674

Other gains, net	3,630	932

Selling and marketing expenses	(6,712)	(5,722)

General and administrative expenses	(16,002)	(13,536)

Operating profit	28,604	25,827

Finance costs, net	(2,767)	(1,747)

Share of (loss)/profit of associates and joint ventures	(1,328)	234

Profit before income tax	24,509	24,314

Income tax expense	(2,137)	(3,338)

Profit for the period	22,372	20,976

Attributable to:

Equity holders of the Company	21,582	20,382

Non-controlling interests	790	594

	22,372	20,976

Non-IFRS profit attributable to equity holders of the Company	25,484	24,412


Question: What is the profit margin for the third quarter of 2019 if third quarter revenue was 98,000?

Answer: 21.4


Question: How much is the profits attributable to non-controlling interests if profits attributable to equity holders of the company made up 97% of the fourth quarter profits?

Answer: 671.16


Question: What percentage of the total stock based compensation is spent on the cost of sales if the amount spent on cost of sales is tripled?

Answer: 2.65

Context:
The following table summarizes stock-based compensation expense in the Company’s consolidated statements of operations: For the year ended September 30, 2019, the Company granted 33,000 nonvested shares to certain key employees, 55,000 nonvested shares to certain officers including 35,000 shares granted to the Chief Executive Officer, and 20,000 nonvested shares to its non-employee directors. For the year ended September 30, 2018, the Company granted 12,000 nonvested shares to certain key employees, 40,000 nonvested shares to certain officers including 30,000 to its Chief Executive Officer and 20,000 nonvested shares to its non-employee directors. The Company measures the fair value of nonvested stock awards based upon the market price of its common stock as of the date of grant. The Company used the Black-Scholes option-pricing model to value stock options. The Black-Scholes model requires the use of a number of assumptions including volatility of the Company’s stock price, the weighted average risk-free interest rate and the weighted average expected life of the options, at the time of grant. The expected dividend yield is equal to the divided per share declared, divided by the closing share price on the date the options were granted. All equity compensation awards granted for the years ended September 30, 2019 and September 30, 2018 were nonvested stock awards.

	Years Ended

	September 30, 2019	September 30, 2018

	(Amounts in thousands)

Cost of sales	$7	$5

Engineering and development	49	32

Selling, general and administrative	736	654

Total	$792	$691


Question: What is the percentage increase in the stock based compensation expense on cost of sales if the expense for the year ended September 30 2018 increased by 1 thousand?

Answer: 16.67


Question: What is the total stock based compensation expense on non-cost of sales related activities if the expense on selling, general and administrative activities increased by 5 thousand?

Answer: 790


Question: If the trade payables in 2019 increased to 12,000, what will be the average?

Answer: 11632.95

Context:
A.6.1 Capital structure The increase in short-term debt and current maturities of long-term debt was due mainly to reclassifications of long-term euro and U. S. dollar instruments totaling € 3.9 billion from longterm debt. This was partly offset by € 3.3 billion resulting from the repayment of U. S. dollar instruments. The decrease in current income tax liabilities was driven mainly by the reversal of income tax provisions outside Germany and tax payments in the context of the carve-out activities related to Siemens Healthineers. Long-term debt increased due primarily to the issuance of euro instruments totaling € 6.5 billion and currency translation effects for bonds issued in the U. S. dollar. This was partly offset by the above-mentioned reclassifications of euro and U. S. dollar instruments. The increase in provisions for pensions and similar obligations was due mainly to a lower discount rate. This effect was partly offset by a positive return on plan assets, among other factors. The main factors for the increase in total equity attributable to shareholders of Siemens AG were € 5.2 billion in net income attributable to shareholders of Siemens AG; the re-issuance of treasury shares of € 1.6 billion; and positive other comprehensive income, net of income taxes of € 0.4 billion, resulting mainly from positive currency translation effects of € 1.8 billion, partly offset by negative effects from remeasurements of defined benefit plans of € 1.1 billion. This increase was partly offset by dividend payments of € 3.1 billion (for fiscal 2018) and the repurchase of 13,532,557 treasury shares at an average cost per share of € 99.78, totaling € 1.4 billion (including incidental transaction charges).

		Sep 30,

(in millions of €)	2019	2018	% Change

Short-term debt and current maturities of long-term debt	6,034	5,057	19 %

Trade payables	11,409	10,716	6 %

Other current financial liabilities	1,743	1,485	17 %

Contract liabilities	16,452	14,464	14 %

Current provisions	3,682	3,931	(6) %

Current income tax liabilities	2,378	3,102	(23) %

Other current liabilities	9,023	9,118	(1) %

Liabilities associated with assets classified as held for disposal	2	1	54 %

Total current liabilities	50,723	47,874	6 %

Long-term debt	30,414	27,120	12 %

Provisions for pensions and similar obligations	9,896	7,684	29 %

Deferred tax liabilities	1,305	1,092	19 %

Provisions	3,714	4,216	(12) %

Other financial liabilities	986	685	44 %

Other liabilities	2,226	2,198	1 %

Total non-current liabilities	48,541	42,995	13 %

Total liabilities	99,265	90,869	9 %

Debt ratio	66 %	65 %

Total equity attributable to shareholders of Siemens AG	48,125	45,474	6 %

Equity ratio	34 %	35 %

Non-controlling interests	2,858	2,573	11 %

Total liabilities and equity	150,248	138,915	8 %


Question: If the total current liabilities in 2019 decreases by 5%, what is the increase / (decrease) in total current liabilities from 2018 to 2019?

Answer: 312.85


Question: If total liabilities and equity increases to 160,000 what will be the revised increase / (decrease)?

Answer: 15.18


Question: In what year would the number of RSUs and cash-based awards outstanding at the end of the year be larger if the number in 2019 was 14,346 thousand instead?

Answer: 2018

Context:
Restricted Share Units The following table illustrates the number and WASP on date of award, and movements in, restricted share units (“RSUs”) and cash-based awards granted under the 2015 LTIP: RSUs and cash-based awards have a vesting period between two to five years, with no award vesting within the first 12 months of the grant.

	Year-ended 31 March 2019		Year-ended 31 March 2018

	Number	WASP	Number	WASP

Restricted share units	000’s	£ pence	000’s	£ pence

Outstanding at the start of the year	14,840	316.09	15,350	215.92

Awarded	8,749	478.44	6,337	453.14

Forfeited	(1,421)	426.11	(1,421)	284.15

Released	(6,822)	309.77	(5,426)	218.49

Outstanding at the end of the year	15,346	401.27	14,840	316.09


Question: What would the change in the number of RSUs and cash-based awards outstanding at the end of the year in 2019 from 2018 be if the amount in 2019 was 15,340 thousand instead?

Answer: 500


Question: What would the percentage change in the number of RSUs and cash-based awards outstanding at the end of the year in 2019 from 2018 be if the amount in 2019 was 15,340 thousand instead?

Answer: 3.37


Question: What would be the average operating revenue if operating revenue for FY19 is 232.4 million?

Answer: 231.6

Context:
Financials 1. EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation, and excluding net foreign exchange gains (losses). 2. NPATA is a non-IFRS term, defined as net profit after tax, excluding tax-effected amortisation of acquired intangibles. This is used to determine EPSa as disclosed here and in the audited Remuneration Report. 3. Underlying EBITDA, underlying NPAT and underlying NPATA exclude separately disclosed items, which represent the transaction and other restructuring costs associated with the Sigma acquisition (2018: Enoro acquisition) and the exiting of a premises lease in the Americas. Further details of the separately disclosed items are outlined in Note 4 to the Financial Report. Operating revenue for FY19 was $231.3 million, $0.5 million up on FY18. With Sigma contributing $5.0 million of revenue in June (the first month since acquisition), revenues for the remainder of Hansen excluding Sigma were $4.5 million lower. This decline was a result of lower non-recurring revenues, due primarily to both lower one-off licence fees and reduced project work following the large body of work completed in the first half of FY18 associated with implementing Power of Choice in Australia. Conversely, recurring revenues grew to represent 63% of total operating revenue. Underlying EBITDA for the year was $55.8 million, 7.0% down on the $60.0 million in FY18. This resulted in an underlying EBITDA margin decline to 24.1% from 26.0% in FY18. Sigma only contributed a modest $0.1 million of EBITDA in June, which we do not see as representative of the business going forward. Excluding Sigma, the underlying EBITDA margin was 24.6%. This reduced margin was the direct result of the lower non-recurring revenue, as we were able to maintain operating expenses at the same level as FY18, even after the investment in the Vietnam Development Centre.

A$ Million	FY19	FY18	Variance %

Operating revenue	231.3	230.8	0.2%

Underlying EBITDA 1, 3	55.8	60.0	(7.0%)

Underlying NPAT 3	24.0	29.5	(18.7%)

Underlying NPATA 2, 3	33.7	38.7	(12.9%)

Basic EPS based on underlying NPATA (cents) 2	17.1	19.8	(13.6%)


Question: What would be the difference between EBITDA and NPAT for FY18 if EBITDA for FY18 is now equal to that of FY19?

Answer: 26.3


Question: What would be the average basic EPS if basic EPS for FY19 is 30% higher?

Answer: 21.02


Question: In which year would Profit for the year be larger if the amount in 2019 was 167.7 million instead?

Answer: 2018

Context:
Consolidated statement of comprehensive income For the year ended 31 March 2019 1 The Group has adopted IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’, and IFRS 16 ‘Leases’ from 1 April 2018. The year ended 31 March 2018 has been restated for IFRS 16 which was implemented using the fully retrospective method. For further information on the impact of the change in accounting policies, see note 2 of these consolidated financial statements.

		2019	2018 (Restated)1

	Note	£m	£m

Profit for the year		197.7	171.1

Other comprehensive income

Items that may be subsequently reclassified to profit or loss

Exchange differences on translation of foreign operations		(0.1)	0.2

Items that will not be reclassified to profit or loss

Remeasurements of post-employment benefit obligations	24	0.2	–

Other comprehensive income for the year, net of tax		0.1	0.2

Total comprehensive income for the year attributable to equity holders of the parent		197.8	171.3


Question: What would the change in profit for the year in 2019 from 2018 be if the amount in 2019 was 197.1 million instead?

Answer: 26


Question: What would the percentage change in profit for the year in 2019 from 2018 be if the amount in 2019 was 197.1 million instead?

Answer: 15.2


Question: What was the difference in the balance at the end of the year compared to the start of the year for warranty reserve in fiscal year 2017  if the balance at the end of the year was $7,000 thousand instead?

Answer: 5108

Context:
Valuation and Qualifying Accounts Following is our schedule of valuation and qualifying accounts for the last three years (in thousands): (1) Amounts under “Other” represent the reserves and valuation allowance assumed in acquisition of LoJack. The warranty reserve is included in the Other Current Liabilities in the consolidated balance sheets. (2) Amount under “Other” represents the valuation allowance previously netted against deferred tax assets of foreign net deferred tax assets not recorded on the balance sheet, which were disclosed narratively in the fiscal 2018 Form 10-K (see Note 12). Deferred tax assets and valuation allowances were grossed up by $15.1 million.

		Charged

		(credited)

	Balance at	to costs			Balance at

	beginning	and			end of

	of year	expenses	Deductions	Other	year

Allowance for doubtful accounts:

Fiscal 2017	622	541	(201)	-	962

Fiscal 2018	962	685	(461)	-	1,186

Fiscal 2019	1,186	1,230	(660)		1,756

Warranty reserve:

Fiscal 2017 (1)	1,892	1,305	(2,562)	5,883	6,518

Fiscal 2018	6,518	1,331	(2,115)	-	5,734

Fiscal 2019	5,734	1,126	(5,462)		1,398

Deferred tax assets valuation allowance:

Fiscal 2017 (1)	1,618	1,391	-	3,578	6,587

Fiscal 2018 (2)	6,587	-	(4,835)	15,092	16,844

Fiscal 2019	16,844	799	(6,714)	-	10,929


Question: What was the change in the balance at the beginning of the year for allowance for doubtful accounts between fiscal year 2018 and 2019 if the balance at the start of 2018 was $2,000 thousand instead?

Answer: 814


Question: What was the change in Other from Deferred tax assets valuation allowance between Fiscal 2017 and 2018 if Other in 2017 was $10,000 thousand instead?

Answer: 5092


Question: What would be the change in Accounts receivable between 2018 and 2019 if accounts receivable in 2018 were $80,000 thousand instead?

Answer: 32

Context:
Note 4. Accounts Receivable, Net The components of accounts receivable, net are as follows (in thousands): For the years ended December 31, 2019, 2018 and 2017, we recorded a provision for doubtful accounts of $1.2 million, $0.1 million and $0.5 million, respectively. For the year ended December 31, 2019, we recorded a reduction to the reserve for product returns of $0.1 million. For the years ended December 31, 2018 and 2017, we recorded a $0.3 million and $2.1 million reserve for product returns in our hardware and other revenue, respectively. Historically, we have not experienced write-offs for uncollectible accounts or sales returns that have differed significantly from our estimates.

December 31,

	2019	2018

Accounts receivable	$80,032	$52,850

Allowance for doubtful accounts	(2,584)	(1,425)

Allowance for product returns	(1,075)	(1,915)

Accounts receivable, net	$76,373	$49,510


Question: How many years would net accounts receivable exceed $50,000 thousand if net accounts receivable in 2018 was $55,000 thousand instead?

Answer: 2


Question: What would be the percentage change in allowance for product returns between 2018 and 2019 if the allowance for product returns in 2019 were -$2,000 thousand instead?

Answer: 4.44


Question: What would be the difference in Others, Allowances between the CFO and Company Secretary if the value of the CFO is 200.00 instead?

Answer: 82.71

Context:
C. Remuneration to Key Managerial Personnel other than MD / Manager / WTD Note: For more information, please refer to the Corporate Governance Report.

Particulars of Remuneration	Key Managerial Personnel

	Ramakrishnan V Chief Financial Officer	Rajendra Moholkar Company Secretary	Total

1. Gross salary

(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961	72.06	21.66	93.72

(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961	43.54	1.20	44.74

(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961	-	-	-

2. Stock Option	-	-	-

3. Sweat Equity	-	-	-

4. Commission	-	-	-

as % of profit	-	-	-

5. Others, Allowances	297.47	117.29	414.76

Total	413.07	140.15	553.22


Question: Which key managerial personnel would have the highest total remuneration if the remuneration of the Company secretary was 500.00 instead?

Answer: Rajendra Moholkar Company Secretary


Question: What would be the difference in total gross salary of the CFO and Company Secretary if the company secretary had a gross salary of 30.0 instead?

Answer: 85.6


Question: How many streams of revenue are there under operating revenue, if there is no pay television revenue?

Answer: 6

Context:
Operating Revenue Notes: (1) Includes revenues from subscription (prepaid/postpaid), interconnect, outbound and inbound roaming, wholesale revenue from MVNOs (Mobile Virtual Network Operators) and mobile content services such as music and video. (2) Includes equipment sales related to ICT services. (3) Mainly from provisions of digital marketing and advertising services and regional premium OTT video. (4) Includes energy reselling fees. As at 31 March 2019, the transaction price attributable to unsatisfied performance obligations for ICT services rendered by NCS Pte. Ltd. is approximately S$3 billion which will be recognised as operating revenue mostly over the next 5 years. As at 31 March 2019, the transaction price attributable to unsatisfied performance obligations for ICT services rendered by NCS Pte. Ltd. is approximately S$3 billion which will be recognised as operating revenue mostly over the next 5 years. Service contracts with consumers typically range from a month to 2 years, and contracts with enterprises typically range from 1 to 3 years.

	Group

	2019	2018

	S$ Mil	S$ Mil

Mobile service (1)	5,395.7	5,737.3

Sale of equipment	2,876.7	2,414.5

Handset operating lease income	140.5	25.2

Mobile	8,412.9	8,177.0

Data and Internet	3,340.9	3,435.7

Business solutions	604.1	560.7

Cyber security	548.7	527.1

Other managed services	1,880.8	1,920.0

Infocomm Technology (“ICT”) (2)	3,033.6	3,007.8

Digital businesses (3)	1,245.3	1,113.1

Fixed voice	899.0	1,084.3

Pay television	372.7	369.4

Others (4)	67.3	80.7

Operating revenue	17,371.7	17,268.0

Operating revenue	17,371.7	17,268.0

Other income	224.7	258.8

Interest and investment income (see Note 10)	38.1	45.5

Total	17,634.5	17,572.3


Question: How much revenue does the largest 2 sources of revenue streams bring in for Singtel in 2019, if the revenue generated from Digital Businesses is S$4,000.0 Mil?

Answer: 12412.9


Question: What is the average revenue under "Other income" across the 2 years, if Other Income in 2019 was S$200.0Mil?

Answer: 229.4


Question: If Risk-free interest rate in 2019 was 2.5%, what would be the change from 2018 to 2019?

Answer: 0.3

Context:
Share Options The Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant. The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms. The expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date. The fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions: The weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.

		Year ended March 31,

	2019	2018	2017

Expected term (in years)	6.1	6.1	6.1

Risk-free interest rate	2.7%	2.2%	2.1%

Expected volatility	41.5%	39.8%	41.0%

Expected dividend yield	—%	—%	—%

Estimated grant date fair value per ordinary share	$37.15	$26.52	$20.22


Question: If Expected volatility in 2019 was 40.0%, what would be the average between 2017-2019?

Answer: 40.27


Question: If Estimated grant date fair value per ordinary share in 2019 was 28.15, in which year would it be less than 30.0?

Answer: 2019

Answer: 2018

Answer: 2017


Question: How many years did Foreign currency hedges reported in Other current assets exceed $500 thousand if Foreign currency hedges reported in Other current assets in 2018 was $600 thousand instead?

Answer: 2

Context:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) NOTE 13 — Derivatives Our earnings and cash flows are subject to fluctuations due to changes in foreign currency exchange rates and interest rates. We selectively use derivative financial instruments including foreign currency forward contracts and interest rate swaps to manage our exposure to these risks. The use of derivative financial instruments exposes the Company to credit risk, which relates to the risk of nonperformance by a counterparty to the derivative contracts. We manage our credit risk by entering into derivative contracts with only highly rated financial institutions and by using netting agreements. The effective portion of derivative gains and losses are recorded in accumulated other comprehensive loss until the hedged transaction affects earnings upon settlement, at which time they are reclassified to cost of goods sold or net sales. If it is probable that an anticipated hedged transaction will not occur by the end of the originally specified time period, we reclassify the gains or losses related to that hedge from accumulated other comprehensive loss to other income (expense). We assess hedge effectiveness qualitatively by verifying that the critical terms of the hedging instrument and the forecasted transaction continue to match, and that there have been no adverse developments that have increased the risk that the counterparty will default. No recognition of ineffectiveness was recorded in our Consolidated Statement of Earnings for the twelve months ended December 31, 2019. Foreign Currency Hedges We use forward contracts to mitigate currency risk related to a portion of our forecasted foreign currency revenues and costs. The currency forward contracts are designed as cash flow hedges and are recorded in the Consolidated Balance Sheets at fair value. We continue to monitor the Company’s overall currency exposure and may elect to add cash flow hedges in the future. At December 31, 2019, we had a net unrealized gain of $655 in accumulated other comprehensive loss, of which $595 is expected to be reclassified to income within the next 12 months. The notional amount of foreign currency forward contracts outstanding was $8,011 at December 31, 2019. Interest Rate Swaps We use interest rate swaps to convert a portion of our revolving credit facility's outstanding balance from a variable rate of interest to a fixed rate. As of December 31, 2019, we have agreements to fix interest rates on $50,000 of long-term debt through February 2024. The difference to be paid or received under the terms of the swap agreements will be recognized as an adjustment to interest expense when settled. These swaps are treated as cash flow hedges and consequently, the changes in fair value are recorded in other comprehensive loss. The estimated net amount of the existing gains or losses that are reported in accumulated other comprehensive loss that are expected to be reclassified into earnings within the next twelve months is approximately $82. The location and fair values of derivative instruments designated as hedging instruments in the Consolidated Balance Sheets as of December 31, 2019, are shown in the following table: The Company has elected to net its foreign currency derivative assets and liabilities in the balance sheet in accordance with ASC 210-20 (Balance Sheet, Offsetting). On a gross basis, there were foreign currency derivative assets of $648 and foreign currency derivative liabilities of $68 at December 31, 2019.

	As of December 31,

	2019	2018

Interest rate swaps reported in Other current assets	$82	$576

Interest rate swaps reported in Other assets	$—	$369

Interest rate swaps reported in Other long-term obligations	$(78)	$—

Foreign currency hedges reported in Other current assets	$580	$393


Question: What would be the change in the Interest rate swaps reported in Other current assets between 2018 and 2019 if the Interest rate swaps reported in Other current assets in 2019 was $600 thousand instead?

Answer: 24


Question: What would be the percentage change in Foreign currency hedges reported in Other current assets between 2018 and 2019 if Foreign currency hedges reported in Other current assets in 2019 was $500 thousand instead?

Answer: 27.23


Question: What was the sum of operating lease in fiscal years 2020-2022 if the operating lease in 2022 was $900 million instead?

Answer: 2682.6

Context:
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) As of December 31, 2019, the Company does not have material operating or financing leases that have not yet commenced. Maturities of operating and finance lease liabilities as of December 31, 2019 were as follows: (1) Balances are translated at the applicable period-end exchange rate, which may impact comparability between periods.

Fiscal Year	Operating Lease (1)	Finance Lease (1)

2020	$904.3	$8.0

2021	878.3	5.3

2022	845.5	4.3

2023	810.3	3.0

2024	766.4	2.1

Thereafter	6,140.1	45.4

Total lease payments	10,344.9	68.1

Less amounts representing interest	(3,340.0)	(37.4)

Total lease liability	7,004.9	30.7

Less current portion of lease liability	494.5	6.7

Non-current lease liability	$6,510.4	$24.0


Question: What was the change in finance leases between 2020 and 2021 if the finance lease in 2021 was $7.0 million instead?

Answer: -1


Question: What is non-current lease liability as a percentage of Total lease liability if total lease liability was $9,000 million instead?

Answer: 72.34


Question: If the acquisation of the company was S$150.3 million, all else constant, What is the value of 1 USD to SGD at time of calculation?

Answer: 1.42

Context:
Acquisition of Fagerdala On October 2, 2017, the Company acquired Fagerdala Singapore Pte Ltd., a manufacturer and fabricator of polyethylene foam based in Singapore, to join its Product Care division. We acquired 100% of Fagerdala shares for estimated consideration of S$144.7 million, or $106.2 million, net of cash acquired of $13.3 million, inclusive of purchase price adjustments which were finalized in the third quarter of 2018. We acquired Fagerdala to leverage its manufacturing footprint in Asia, experience in foam manufacturing and fabrication and commercial organization to expand our presence across multiple industries utilizing fulfillment to distribute goods. The following table summarizes the consideration transferred to acquire Fagerdala and the final allocation of the purchase price among the assets acquired and liabilities assumed. price among the assets acquired and liabilities assumed.

	Preliminary Allocation	Measurement Period	Final Allocation

(In millions)	As of October 2, 2017	Adjustments	As of December 31, 2018

Total consideration transferred	$ 106.6	$ (0.4)	$ 106.2

Assets:

Cash and cash equivalents	13.3	—	13.3

Trade receivables, net	22.4	—	22.4

Inventories, net	10.0	0.1	10.1

Prepaid expenses and other current assets	8.4	—	8.4

Property and equipment, net	23.3	—	23.3

Identifiable intangible assets, net	41.4	0.7	42.1

Goodwill	39.3	(1.5)	37.8

Total assets	$ 158.1	$ (0.7)	$ 157.4

Liabilities:

Short-term borrowings	14.0	—	14.0

Accounts payable	6.9	—	6.9

Other current liabilities	15.1	(0.1)	15.0

Long-term debt, less current portion	3.8	—	3.8

Non-current deferred taxes	11.7	(0.2)	11.5

Total liabilities	$ 51.5	$ (0.3)	$ 51.2


Question: If total liabilities and assets As of December 31, 2018 were adjusted to 52.0(in millions) and 158.2(in millions) respectively,  What is the asset to liability ratio As of December 31, 2018?

Answer: 32.87


Question: If the asset to liability ratio as of October 2, 2017 is 30%, What is the difference between the asset to liability ratio As of December 31, 2018 vs. As of October 2, 2017?

Answer: 2.53


Question: In which year would Cash and cash equivalents be larger if the amount in 2019 was $315,833 thousand instead?

Answer: 2019

Context:
Additional sources of cash available to us were international currency lines of credit and bank credit facilities totaling $26.0 million as of September 28, 2019, of which $20.8 million was unused and available. These unsecured international credit facilities were used in Europe and Japan during fiscal 2018. As of September 28, 2019, we had utilized $5.2 million of the international credit facilities as guarantees in Europe. Our ratio of current assets to current liabilities increased to 4.6:1 at September 28, 2019 compared to 3.3:1 at September 29, 2018. The increase in our ratio was primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories. Our cash and cash equivalents, short-term investments and working capital are as follows (in thousands):

	Fiscal

	2019	2018

Cash and cash equivalents	$305,833	$310,495

Short-term investments	120	120

Working capital	854,507	865,664


Question: What would the change in Short-term investments in 2019 from 2018 be if the amount in 2019 was $150 thousand instead?

Answer: 30


Question: What would the percentage change in Short-term investments in 2019 from 2018 be if the amount in 2019 was $150 thousand instead?

Answer: 25


Question: What portion of term loan and notes, including interest have payment due more than 10 year if they took up 10% of the totals?

Answer: 437.33

Context:
Contractual Obligations The following table summarizes our contractual obligations as of November 29, 2019: As of November 29, 2019, our Term Loan’s carrying value was $2.25 billion. At our election, the Term Loan will bear interest at either (i) the London Interbank Offered Rate (“LIBOR”) plus a margin, based on our debt ratings, ranging from 0.500% to 1.000% or (ii) a base rate plus a margin, based on our debt ratings, ranging from 0.040% to 0.110%. Interest is payable periodically, in arrears, at the end of each interest period we elect. Based on the LIBOR rate at November 29, 2019, our estimated maximum commitment for interest payments was $23.2 million for the remaining duration of the Term Loan. As of November 29, 2019, the carrying value of our Notes payable was $1.89 billion. Interest on our Notes is payable semi-annually, in arrears on February 1 and August 1. At November 29, 2019, our maximum commitment for interest payments was $200.1 million for the remaining duration of our Notes. Our Term Loan and Revolving Credit Agreement contain similar financial covenants requiring us not to exceed a maximum leverage ratio. As of November 29, 2019, we were in compliance with this covenant. We believe this covenant will not impact our credit or cash in the coming fiscal year or restrict our ability to execute our business plan. Our senior notes do not contain any financial covenants. Under the terms of our Term Loan and Revolving Credit Agreement, we are not prohibited from paying cash dividends unless payment would trigger an event of default or if one currently exists. We do not anticipate paying any cash dividends in the foreseeable future.

(in millions)			Payment Due by Period

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

Term Loan and Notes, including interest	$4,373.3	$3,227.0	$65.0	$65.0	$1,016.3

Operating lease obligations, net	711.5	88.7	158.0	126.9	337.9

Purchase obligations	2,036.5	545.0	935.8	555.7	—

Total	$7,121.3	$3,860.7	$1,158.8	$747.6	$1,354.2


Question: If payment obligations due in less than a year increased by 20% without any change to total , what proportion of operating lease obligations (net) is made up of payment obligations due in less than a year?

Answer: 0.15


Question: If purchase obligations with payment due period of more than 5 years has a value of $472.3 million, what proportion of total purchase obligations is made of up obligations with a maximum period of 3 years?

Answer: 0.59


Question: What would be the average domestic income before income taxes in 2017 and 2018 if income in 2018 is decreased by $100,000?

Answer: 58014

Context:
5. Income taxes: On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (the "TCJA"). The TCJA amended the Internal Revenue Code and reduced the corporate tax rate from a maximum of 35% to a flat 21% rate. The rate reduction was effective on January 1, 2018. The Company's net deferred tax assets represent a decrease in corporate taxes expected to be paid in the future. Under generally accepted accounting principles deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company's net deferred tax asset was determined based on the current enacted federal tax rate of 35% prior to the passage of the Act. As a result of the reduction in the corporate income tax rate from 35% to 21% and other provisions under the TCJA, the Company made reasonable estimates of the effects of the TCJA and revalued its net deferred tax asset at December 31, 2017 resulting in a reduction in the value of its net deferred tax asset of approximately $9.0 million and recorded a transition tax of $2.3 million related to its foreign operations for a total of $11.3 million, which was recorded as additional noncash income tax expense in the year ended December 31, 2017. As of December 31, 2018, the Company had collected all of the necessary data to complete its analysis of the effect of the TCJA on its underlying deferred income taxes and recorded a $0.1 million reduction in the value to its net deferred tax asset. The TCJA subjects a U.S. shareholder to current tax on global intangible low-taxed income earned by certain foreign subsidiaries. FASB Staff Q&A, Topic 740, No. 5, "Accounting for Global Intangible Low-Taxed Income", states that the Company is permitted to make an accounting policy election to either recognize deferred income taxes for temporary basis differences expected to reverse as global intangible low-taxed income in future years or provide for the income tax expense related to such income in the year the income tax is incurred. The Company has made an accounting policy to record these income taxes as a period cost in the year the income tax in incurred. The components of income (loss) before income taxes consist of the following (in thousands):

		Years Ended December 31,

	2019	2018	2017

Domestic	$72,773	$63,878	$52,250

Foreign	(20,099)	(22,496)	(21,132)

Total income before income taxes	$52,674	$41,382	$31,118


Question: What would be the average domestic income before income taxes in 2018 and 2019 if the income before taxes in 2019 is doubled?

Answer: 104712


Question: What would be the average foreign losses before income taxes in 2017 and 2018 if the loss in 2018 is decreased by 70%?

Answer: 13940.4


Question: In which Fiscal year from 2020 to 2024 would the benefit payments under the U.S Plans be the largest if the amount for Fiscal 2021 was $78 million instead?

Answer: Fiscal 2021

Context:
Our common shares are not a direct investment of our pension funds; however, the pension funds may indirectly include our shares. The aggregate amount of our common shares would not be considered material relative to the total pension fund assets. Our funding policy is to make contributions in accordance with the laws and customs of the various countries in which we operate as well as to make discretionary voluntary contributions from time to time. We expect to make the minimum required contributions of $42 million and $26 million to our non-U.S. and U.S. pension plans, respectively, in fiscal 2020. We may also make voluntary contributions at our discretion. At fiscal year end 2019, benefit payments, which reflect future expected service, as appropriate, are expected to be paid as follows:

	Non-U.S. Plans	U.S. Plans

		(in millions)

Fiscal 2020	$ 82	$ 77

Fiscal 2021	77	74

Fiscal 2022	81	74

Fiscal 2023	85	74

Fiscal 2024	86	74

Fiscal 2025-2029	490	361


Question: What is the change in Non-U.S. benefit payments expected to be paid in Fiscal 2023 from Fiscal 2022 if the amount in 2023 was $86 million instead?

Answer: 5


Question: What is the percentage change in Non-U.S. benefit payments expected to be paid in Fiscal 2023 from Fiscal 2022 if the amount in 2023 was $86 million instead?

Answer: 6.17


Question: What would be the average service revenue earned by the company in 2017 and 2018 if the revenue in 2018 is decreased by $100,000,000?

Answer: 452684

Context:
Year Ended December 31, 2018 Compared to the Year Ended December 31, 2017 Our management reviews and analyzes several key financial measures in order to manage our business and assess the quality of and variability of our service revenue, operating results and cash flows. The following summary tables present a comparison of our results of operations with respect to certain key financial measures. The comparisons illustrated in the tables are discussed in greater detail below. (1) Includes non-cash equity-based compensation expense of $895 and $604 for 2018 and 2017, respectively. (2) Includes non-cash equity-based compensation expense of $16,813 and $12,686 for 2018 and 2017, respectively. Service Revenue. Our service revenue increased 7.2% from 2017 to 2018. Exchange rates positively impacted our increase in service revenue by approximately $4.0 million. All foreign currency comparisons herein reflect results for 2018 translated at the average foreign currency exchange rates for 2017. We increased our total service revenue by increasing the number of sales representatives selling our services, by expanding our network, by adding additional buildings to our network, by increasing our penetration into the buildings connected to our network and by gaining market share by offering our services at lower prices than our competitors. Revenue recognition standards include guidance relating to any tax assessed by a governmental authority that is directly imposed on a revenue-producing transaction between a seller and a customer and may include, but is not limited to, gross receipts taxes, Universal Service Fund fees and certain state regulatory fees. We record these taxes billed to our customers on a gross basis (as service revenue and network operations expense) in our consolidated statements of operations. The impact of these taxes including the Universal Service Fund resulted in an increase to our revenues from 2017 to 2018 of approximately $1.6 million. Our net-centric customers tend to purchase their service on a price per megabit basis. Our corporate customers tend to utilize a small portion of their allocated bandwidth on their connections and tend to purchase their service on a per connection basis. Revenues from our corporate and net-centric customers represented 64.9% and 35.1% of total service revenue, respectively, for 2018 and represented 62.3% and 37.7% of total service revenue, respectively, for 2017. Revenues from corporate customers increased 11.8% to $337.8 million for 2018 from $302.1 million for 2017 primarily due to an increase in our number of our corporate customers. Revenues from our net-centric customers decreased by 0.4% to $182.3 million for 2018 from $183.1 million for 2017 primarily due to an increase in our number of net-centric customers being offset by a decline in our average price per megabit. Our revenue from our net- centric customers has declined as a percentage of our total revenue and grew at a slower rate than our corporate customer revenue because net-centric customers purchase our services based upon a price per megabit basis and our average price per megabit declined by 25.9% from 2017 to 2018. Additionally, the net-centric market experiences a greater level of pricing pressure than the corporate market and net-centric customers who renew their service with us expect their renewed service to be at a lower price than their current price. We expect that our average price per megabit will continue to decline at similar rates which would result in our corporate revenues continuing to represent a greater portion of our total revenues and our net-centric revenues continuing to grow at a lower rate than our corporate revenues. Additionally, the impact of foreign exchange rates has a more significant impact on our net- centric revenues. Our on-net revenues increased 8.1% from 2017 to 2018. We increased the number of our on-net customer connections by 12.1% at December 31, 2018 from December 31, 2017. On-net customer connections increased at a greater rate than on-net revenues primarily due to the 5.1% decline in our on-net ARPU, primarily from a decline in ARPU for our net-centric customers. ARPU is determined by dividing revenue for the period by the average customer connections for that period. Our average price per megabit for our installed base of customers is determined by dividing the aggregate monthly recurring fixed charges for those customers by the aggregate committed data rate for the same customers. The decline in on-net ARPU is partly attributed to volume and term based pricing discounts. Additionally, on-net customers who cancel their service from our installed base of customers, in general, have an ARPU that is greater than the ARPU for our new customers due to declining prices primarily for our on-net services sold to our net-centric customers. These trends resulted in the reduction to our on-net ARPU and a 25.9% decline in our average price per megabit for our installed base of customers. Our off-net revenues increased 5.2% from 2017 to 2018. Our off-net revenues increased as we increased the number of our off-net customer connections by 10.3% at December 31, 2018 from December 31, 2017. Our off-net customer connections increased at a greater rate than our off-net revenue primarily due to the 6.8% decrease in our off-net ARPU. Network Operations Expenses. Network operations expenses include the costs of personnel associated with service delivery, network management, and customer support, network facilities costs, fiber and equipment maintenance fees, leased circuit costs, access and facilities fees paid to building owners and excise taxes billed to our customers and recorded on a gross basis. Non-cash equity-based compensation expense is included in network operations expenses consistent with the classification of the employee's salary and other compensation. Our network operations expenses, including non-cash equity-based compensation expense, increased 4.9% from 2017 to 2018 as we were connected to 11.9% more customer connections and we were connected to 170 more on-net buildings as of December 31, 2018 compared to December 31, 2017. The increase in network operations expense is primarily attributable to an increase in costs related to our network and facilities expansion activities and the increase in our off- net revenues. When we provide off-net services we also assume the cost of the associated tail circuits. Selling, General, and Administrative Expenses (“SG&A”). Our SG&A expenses, including non-cash equity- based compensation expense, increased 4.6% from 2017 to 2018. Non cash equity-based compensation expense is included in SG&A expenses consistent with the classification of the employee's salary and other compensation and was $16.8 million for 2018 and $12.7 million for 2017. SG&A expenses increased primarily from an increase in salaries and related costs required to support our expansion and increases in our sales efforts and an increase in our headcount partly offset by a $1.1 million decrease in our legal fees primarily associated with U.S. net neutrality and interconnection regulatory matters and by the $1.3 million reduction in commission expense from the impact of the new revenue accounting standard which requires us to capitalize certain commissions paid to our sales agents and sales employees. Our sales force headcount increased by 7.8% from 574 at December 31, 2017 to 619 at December 31, 2018 and our total headcount increased by 4.8% from 929 at December 31, 2017 to 974 at December 31, 2018. Depreciation and Amortization Expenses. Our depreciation and amortization expenses increased 7.0% from 2017 to 2018. The increase is primarily due to the depreciation expense associated with the increase related to newly deployed fixed assets more than offsetting the decline in depreciation expense from fully depreciated fixed assets. Gains on Equipment Transactions. We exchanged certain used network equipment and cash consideration for new network equipment resulting in gains of $1.0 million for 2018 and $3.9 million for 2017. The gains are based upon the excess of the estimated fair value of the new network equipment over the carrying amount of the returned used network equipment and the cash paid. The reduction in gains from 2017 to 2018 was due to purchasing more equipment under the exchange program in 2017 than we purchased in 2018. Interest Expense. Interest expense results from interest incurred on our $445.0 million of senior secured notes, interest incurred on our $189.2 million of senior unsecured notes, interest on our installment payment agreement and interest on our finance lease obligations. Our interest expense increased by 5.3% for 2018 from 2017 primarily due to the issuance of $70.0 million of senior secured notes in August 2018 and an increase in our finance lease obligations. Income Tax Expense. Our income tax expense was $12.7 million for 2018 and $25.2 million for 2017. The decrease in our income tax expense was primarily related to an increase in deferred income tax expense for 2017 primarily due to the impact of the Tax Cuts and Jobs Act (the "Act"). On December 22, 2017, the President of the United States signed into law the Act. The Act amended the Internal Revenue Code and reduced the corporate tax rate from a maximum rate of 35% to a flat 21% rate. The rate reduction was effective on January 1, 2018 and may reduce our future income taxes payable once we become a cash taxpayer in the United States. As a result of the reduction in the corporate income tax rate and other provisions under the Act, we were required to revalue our net deferred tax asset at December 31, 2017 resulting in a reduction in our net deferred tax asset of $9.0 million and we also recorded a transition tax of $2.3 million related to our foreign operations for a total income tax expense of approximately $11.3 million, which was recorded as additional noncash income tax expense in 2017. Buildings On-net. As of December 31, 2018 and 2017 we had a total of 2,676 and 2,506 on-net buildings connected to our network, respectively.

	Year Ended December 31,		Change

	2018	2017	Percent

	(in thousands)

Service revenue	$520,193	$485,175	7.2%

On-net revenues	374,555	346,445	8.1%

Off-net revenues	145,004	137,892	5.2%

Network operations expenses(1)	219,526	209,278	4.9%

Selling, general, and administrative expenses(2)	133,858	127,915	4.6%

Depreciation and amortization expenses	81,233	75,926	7.0%

Gains on equipment transactions	982	3,862	(74.6)%

Interest expense	51,056	48,467	5.3%

Income tax expense	12,715	25,242	(49.6)%


Question: What would be the average on-net revenue earned by the company in 2017 and 2018 if the revenue earned in 2018 is doubled?

Answer: 547777.5


Question: What would be the average off-net revenue earned by the company in 2017 and 2018 if the revenue earned in 2018 is decreased by 60%?

Answer: 97946.8


Question: What would be the change in Net cash provided by (used in) operating activities from continuing operations between 2018 and 2019 if the net cash provided in 2019 was $200,000 thousand instead?

Answer: 48573

Context:
Share Repurchase On December 18, 2019, the Board of Directors authorized to remove the expiration date to the Company’s common stock share repurchase program and increase the authorized amount by $25.1 million increasing the authorization to repurchase shares up to a total of $50.0 million. As of December 31, 2019, a total of $50.0 million remained available for future share repurchases. We repurchased 1.7 million shares for $95.1 million and 0.4 million shares for $30.0 million in fiscal 2018 and 2017, respectively. There were no shares repurchased in fiscal 2019. CASH FLOWS A summary of our cash provided by and used in operating, investing, and financing activities is as follows (in thousands):

	Years Ended December 31,

	2019	2018

Net cash provided by (used in) operating activities from continuing operations	$47,899	$151,427

Net cash provided by (used in) operating activities from discontinued operations	493	(156)

Net cash provided by (used in) operating activities	48,392	151,271

Net cash provided by (used in) investing activities from continuing operations	(393,847)	(113,592)

Net cash provided by (used in) financing activities from continuing operations	338,840	(97,134)

EFFECT OF CURRENCY TRANSLATION ON CASH	(1,496)	(1,030)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(8,111)	(60,485)

CASH AND CASH EQUIVALENTS, beginning of period	354,552	415,037

CASH AND CASH EQUIVALENTS, end of period	346,441	354,552

Less cash and cash equivalents from discontinued operations	—	5,251

CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period	$346,441	$349,301


Question: What would be the change in Net cash provided by (used in) operating activities between 2018 and 2019 if the net cash provided in 2019 was $200,000 thousand instead?

Answer: 48729


Question: What would be the percentage change in cash and cash equivalents from continuing operations at the end of the period between 2018 and 2019 if the cash and cash equivalents in 2019 was $500,000 thousand instead?

Answer: 43.14


Question: If the Service cost increase to 34,710 in 2018, what is the revised average?

Answer: 27876.5

Context:
The employee pension plan mandated by the Labor Standards Act of the R.O.C. is a defined benefit plan. The pension benefits are disbursed based on the units of service years and average monthly salary prior to retirement according to the Labor Standards Act. Two units per year are awarded for the first 15 years of services while one unit per year is awarded after the completion of the 15th year and the total units will not exceed 45 units. The Company contributes an amount equivalent to 2% of the employees’ total salaries and wages on a monthly basis to the pension fund deposited with the Bank of Taiwan under the name of a pension fund supervisory committee. The pension fund is managed by the government’s designated authorities and therefore is not included in the Company’s consolidated financial statements. For the years ended December 31, 2017, 2018 and 2019, total pension expenses of NT$80 million, NT$69 million and NT$59 million, respectively, were recognized by the Company. Movements in present value of defined benefit obligation during the year:

	For the years ended December 31,

	2018	2019

	$NT (In Thousands)	$NT (In Thousands)

Defined benefit obligation at beginning of year	$(5,671,058)	$(5,620,509)

Items recognized as profit or loss:

Service cost	(24,477)	(21,043)

Interest cost	(61,247)	(51,146)

Subtotal	(85,724)	(72,189)

Remeasurements recognized in other comprehensive income (loss):

Arising from changes in financial assumptions	(91,350)	(114,976)

Experience adjustments	(5,907)	180,095

Subtotal	(97,257)	65,119

Benefits paid	233,530	216,510


Question: If the Service cost increase to 65,292 in 2018, what is the revised average?

Answer: 58219


Question: What would be the increase/ (decrease) in Benefits paid if the value in 2018 is reduced to 222,127 thousand?

Answer: -11403


Question: What would be the change in working capital between 2018 and 2019 if working capital in 2019 was $400,000 thousand instead?

Answer: 130143

Context:
ITEM 6. SELECTED FINANCIAL DATA The following selected financial data has been derived from our consolidated financial statements (in thousands, except per share data). This data should be read together with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, and the consolidated financial statements and related notes included elsewhere in this annual report. The financial information below is not necessarily indicative of the results of future operations. Future results could differ materially from historical results due to many factors, including those discussed in Item 1A, Risk Factors. (1) The consolidated balance sheet and statement of operations for the year ended December 31, 2019, includes the acquisition of Speedpay as discussed in Note 3, Acquisition, to our Notes to Consolidated Financial Statements in Part IV, Item 15 of this Form 10-K. (2) The consolidated balance sheet and statement of operations for the year ended December 31, 2019, reflects the application of Accounting Standards Update (“ASU”) 2016-02, Leases (codified as “ASC 842”) as discussed in Note 14, Leases, to our Notes to Consolidated Financial Statements. (3) The consolidated balance sheet and statement of operations for the year ended December 31, 2018, reflects the adoption of ASU 2014-09, Revenue from Contracts with Customers (codified as “ASC 606”), as discussed in Note 2, Revenue, to our Notes to Consolidated Financial Statements, including a cumulative adjustment of $244.0 million to retained earnings. (4) The consolidated statement of operations for the year ended December 31, 2017, reflects the Baldwin Hackett & Meeks, Inc. (“BHMI”) judgment. We recorded $46.7 million in general and administrative expense and $1.4 million in interest expense, as discussed in Note 15, Commitments and Contingencies, to our Notes to Consolidated Financial Statements. (5) The consolidated balance sheet and statement of operations for the year ended December 31, 2016, reflects the sale of Community Financial Services assets and liabilities. (6) During the year ended December 31, 2019, we borrowed $500.0 million in the form of a new senior secured term loan and drew $250.0 million on the available Revolving Credit Facility to fund the acquisition of Speedpay. During the year ended December 31, 2018, we issued $400.0 million in senior notes due August 15, 2026. We used the net proceeds of these senior notes to redeem our outstanding $300.0 million senior notes due 2020, which we originally entered in to during the year ended December 31, 2013. See Note 5, Debt, to our Notes to Consolidated Financial Statements for additional information.

			December 31,

	2019 (1)(2)	2018 (3)	2017	2016 (5)	2015

Balance Sheet Data:

Working capital	$308,426	$269,857	$100,039	$31,625	$(2,360)

Total assets	3,257,534	2,122,455	1,861,639	1,902,295	1,975,788

Current portion of debt (6)	34,148	20,767	17,786	90,323	89,710

Debt (long-term portion) (6)	1,350,592	658,602	668,356	656,063	845,639

Stockholders’ equity	1,129,968	1,048,231	764,597	754,917	654,400


Question: What would be the change in current portion of debt between 2016 and 2017 if current portion of debt in 2016 was $50,000 thousand instead?

Answer: 40323


Question: What would be the change in total assets between 2018 and 2019 if total assets in 2019 was $4,000,000 thousand instead?

Answer: 88.46


Question: How many years between 2017 and 2019 had ending unrecognized tax benefits of over $12,000 million, if the ending unrecognized tax benefit for 2018 was $12,500 instead?

Answer: 2

Context:
Uncertain Tax Positions As of June 30, 2019, 2018, and 2017, we had accrued interest expense related to uncertain tax positions of $3.4 billion, $3.0 billion, and $2.3 billion, respectively, net of income tax benefits. The provision for (benefit from) income taxes for fiscal years 2019, 2018, and 2017 included interest expense related to uncertain tax positions of $515 million, $688 million, and $399 million, respectively, net of income tax benefits. The aggregate changes in the gross unrecognized tax benefits related to uncertain tax positions were as follows: We settled a portion of the Internal Revenue Service (“IRS”) audit for tax years 2004 to 2006 in fiscal year 2011. In February 2012, the IRS withdrew its 2011 Revenue Agents Report related to unresolved issues for tax years 2004 to 2006 and reopened the audit phase of the examination. We also settled a portion of the IRS audit for tax years 2007 to 2009 in fiscal year 2016, and a portion of the IRS audit for tax years 2010 to 2013 in fiscal year 2018. We remain under audit for tax years 2004 to 2013. We expect the IRS to begin an examination of tax years 2014 to 2017 within the next 12 months. As of June 30, 2019, the primary unresolved issues for the IRS audits relate to transfer pricing, which could have a material impact on our consolidated financial statements when the matters are resolved. We believe our allowances for income tax contingencies are adequate. We have not received a proposed assessment for the unresolved issues and do not expect a final resolution of these issues in the next 12 months. Based on the information currently available, we do not anticipate a significant increase or decrease to our tax contingencies for these issues within the next 12 months. We are subject to income tax in many jurisdictions outside the U.S. Our operations in certain jurisdictions remain subject to examination for tax years 1996 to 2018, some of which are currently under audit by local tax authorities. The resolution of each of these audits is not expected to be material to our consolidated financial statements.

(In millions)

Year Ended June 30,	2019	2018	2017

Beginning unrecognized tax benefits	$ 11,961	$ 11,737	$ 10,164

Decreases related to settlements	(316)	(193)	(4)

Increases for tax positions related to the current year	2,106	1,445	1,277

Increases for tax positions related to prior years	508	151	397

Decreases for tax positions related to prior years	(1,113)	(1,176)	(49)

Decreases due to lapsed statutes of limitations	0	(3)	(48)

Ending unrecognized tax benefits	$ 13,146	$ 11,961	$ 11,737


Question: How many years between 2017 and 2019 had Increases for tax positions related to prior years that were greater than 300 million?

Answer: 2


Question: Which of the 3 years had the highest ending unrecognized tax benefits, if the ending unrecognized tax benefits for 2019 was now $13,000?

Answer: 2019


Question: If the Net (loss) income in Year Ended December 31, 2019 increased to -157,845 thousand, what would be the revised change between 2018 and 2019?

Answer: -100098

Context:
The following table reconciles our historical consolidated EBITDA and Adjusted EBITDA to net (loss) income. (a) Foreign currency exchange loss (gain) includes the unrealized loss of $13.2 million in 2019 (2018 – gain of $21.2 million, 2017 – gain of $82.7 million, 2016 – gain of $75.0 million, and 2015 – loss of $89.2 million) on cross currency swaps. (b) In June 2016, as part of its financing initiatives, Altera canceled the construction contracts for its two UMS newbuildings. As a result, Altera accrued for potential damages resulting from the cancellations and reversed contingent liabilities previously recorded that were relating to the delivery of the UMS newbuildings. This net loss provision of $23.4 million for the year ended December 31, 2016 was reported in other loss in our consolidated statement of income. The newbuilding contracts were held in Altera's separate subsidiaries and obligations of these subsidiaries were non-recourse to Altera. (c) During the year ended December 31, 2016, the Company recorded a write-down of a cost-accounted investment of $19.0 million. This investment was subsequently sold in 2017, resulting in a gain on sale of $1.3 million. During 2017, the Company recognized an additional tax indemnification guarantee liability of $50 million related to the Teekay Nakilat finance leases. For additional information, please read "Item 18 – Financial Statements: Note 15 – Other loss". (d) Adjustments related to equity (loss) income is a non-GAAP financial measure and should not be considered as an alternative to equity income or any other measure of financial performance or liquidity presented in accordance with GAAP. Adjustments related to equity (loss) income exclude some, but not all, items that affect equity (loss) income, and these measures may vary among other companies. Therefore, adjustments related to equity (loss) income as presented in this Annual Report may not be comparable to similarly titled measures of other companies. Adjustments related to equity (loss) income includes depreciation and amortization, net interest expense, income tax expense (recovery), amortization of in-process revenue contracts, direct finance and salestype lease payments received in excess of revenue recognized, write-down and loss (gain) on sales of vessels, realized and unrealized loss (gain) on derivative instruments and other items, realized loss (gain) on foreign currency forward contracts, and write-down and gain on sale of equity-accounted investments, in each case related to our equity-accounted entities, on the basis of our ownership percentages of such entities.

			Year Ended December 31,

	2019	2018	2017	2016	2015

Income Statement Data:			(in thousands of U.S. Dollars)

Reconciliation of EBITDA and Adjusted EBITDA to Net (loss) income

Net (loss) income	$(148,986)	$(57,747)	$(529,072)	$86,664	$405,460

Income tax expense (recovery)	25,482	19,724	12,232	24,468	(16,767)

Depreciation and amortization	290,672	276,307	485,829	571,825	509,500

Interest expense, net of interest income	271,255	245,601	262,110	278,145	236,481

EBITDA	438,423	483,885	231,099	961,102	1,134,674

Foreign exchange loss (gain) (a)	13,574	(6,140)	26,463	6,548	2,195

Other loss (income) (b) (c)	14,475	2,013	53,981	39,013	(1,566)

Write-down and loss on sale of vessels	170,310	53,693	270,743	112,246	70,175

Direct finance lease payments received in excess of revenue recognized	21,636	11,082	18,737	28,348	24,429

Amortization of in-process revenue contracts and other	(4,131)	(10,217)	(13,460)	(24,195)	(33,226)

Realized and unrealized losses on non-designated derivative instruments	13,719	14,852	38,854	35,091	102,200

Realized gains (losses) from the settlements of nondesignated derivative instruments	1,532	—	2,047	(8,646)	(20,008)

Loss on deconsolidation of Altera	—	7,070	104,788	—	—

Adjustments related to equity (loss) income (d)	282,375	219,395	217,866	137,496	136,921

Adjusted EBITDA	951,913	775,633	951,118	1,287,003	1,415,794


Question: If the Income tax expense (recovery) in Year Ended December 31, 2019 increased to 34,147 thousand, what would be the revised change?

Answer: 14423


Question: If net (loss) income in 2016 was -100,000 thousands, in which years would have it recorded a net loss?

Answer: 2019

Answer: 2018

Answer: 2017

Answer: 2016


Question: If the Non deductible expenses in 2019 increased to 1.1, what would be the revised change between December 31, 2018 and 2019?

Answer: 0.5

Context:
The provision for income taxes differed from the provision computed by applying the Federal statutory rate to income (loss) from continuing operations before taxes due to the following: The effective income tax rate was 18.9% and (141.8)% during the years ended December 31, 2019 and December 31, 2018, respectively. The decrease in 2019 compared to statutory tax rate of 21% was primarily due to deferred tax adjustments related to foreign tax credit carryforwards and state taxes, offset by changes in the valuation allowance and excess tax benefits resulting from the exercise of non-qualified stock options. The effective tax rate for the year ended December 31,2018 was significantly impacted by recording a substantial increase in a valuation allowance on the entire deferred tax assets.

	Year ended December 31,

	2019	2018

Federal statutory tax rate	21.0%	21.0%

State taxes	(4.5)	4.4

Non deductible expenses	(0.3)	(0.6)

Tax credits	4.0	4.6

Expired tax credit	(1.3)	(3.9)

Deferred tax adjustment	(4.8)	—

Stock based compensation	1.9	0.8

Valuation allowance	3.2	(167.0)

Contingent purchase revaluation	—	(1.0)

Other	(0.3)	(0.1)

	18.9%	(141.8)%


Question: If the Tax credits in 2019 increased to 5.2, what would be the revised change between December 31, 2018 and 2019?

Answer: 0.6


Question: If the Non deductible expenses in 2019 increased to 1.1 what would be the revised average for December 31, 2018 and 2019?

Answer: 0.85


Question: What would be the percentage change in all other fees incurred by the company between 2018 and 2019 if all other fees incurred in 2019 is increased by 1,000?

Answer: 50

Context:
Fees Paid to our Independent Auditor The following table sets forth the fees billed to us by Ernst & Young LLP for services in fiscal 2019 and 2018, all of which were pre-approved by the Audit Committee. (1) In accordance with the SEC’s definitions and rules, “audit fees” are fees that were billed to Systemax by Ernst & Young LLP for the audit of our annual financial statements, to be included in the Form 10-K, and review of financial statements included in the Form 10-Qs; for the audit of our internal control over financial reporting with the objective of obtaining reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects; for the attestation of management’s report on the effectiveness of internal control over financial reporting; and for services that are normally provided by the auditor in connection with statutory and regulatory filings or engagements. (2) “Audit-related fees” are fees for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements and internal control over financial reporting, including services in connection with assisting Systemax in our compliance with our obligations under Section 404 of the Sarbanes-Oxley Act and related regulations. (3) Ernst & Young LLP did not provide any professional services for tax compliance, planning or advice in 2019 or 2018. (4) Consists of fees billed for other professional services rendered to Systemax.

Fee Category	2019 ($)	2018 ($)

Audit fees (1)	1,196,000	1,257,000

Audit-related fees (2)	0	15,000

Tax fees (3)	0	0

All other fees (4)	2,000	2,000

Total	1,198,000	1,274,000


Question: What would be the value of the audit-related fees as a percentage of the total fees paid to the auditor in 2018 if audit-related fees is increased by 20%?

Answer: 1.41


Question: What would be the change in audit fees between 2018 and 2019 if audit fees in 2019 was halved and then increased by 5,000?

Answer: 654000


Question: What would be the total Maximum Dollar Value of shares that may yet be purchased under the Repurchase Program during October 1, 2019 through November 30, 2019 if the amount in October decreased by $1,000,000?

Answer: 23165184

Context:
Net Settlement of Equity Awards The majority of restricted stock units are subject to vesting. The underlying shares of common stock are issued when the restricted stock units vest. The majority of participants choose to participate in a broker-assisted automatic sales program to satisfy their applicable tax withholding requirements. We do not treat the shares sold pursuant to this automatic sales program as common stock repurchases. In the fourth quarter of 2019, we withheld 83,327 shares through net settlements (where the award holder receives the net of the shares vested, after surrendering a portion of the shares back to the Company for tax withholding) for restricted stock units that vested for some of our executive officers. The following table provides a summary of the Company’s repurchase of common stock under the Repurchase Program and shares surrendered back to the Company for tax withholding on restricted stock units that vested under our equity incentive programs in the three months ended December 31, 2019:

Period	Total Number of Shares Repurchased	Average Price Paid per Share	Total Number of Shares Purchased as part of a Publicly Announced Program	Maximum Dollar Value of shares that may yet be purchased under the Repurchase Program

October 1, 2019 through October 31, 2019	-	-	- -	$12,544,543

November 1, 2019 through November 30, 2019	274,681	$4.82	191,354	$11,620,641

December 1, 2019 through December 31, 2019	374,490	$4.70	374,490	$9,859,153

Total shares repurchased	649,171	$4.75	565,844	$9,859,153


Question: What would be the percentage change in total Number of Shares Purchased as part of a Publicly Announced Program from November to December 2019 if the amount in December was 400,000 instead?

Answer: 109.04


Question: From November 1 2019 to December 31 2019, how many months would the average price paid per share be more than $4.72 if the price paid per share in December was $4.79?

Answer: 2


Question: What is the average interest and dividend income for the 3 year period from 2017 to 2019, if the interest and dividend income in 2017 was $2,100 million?

Answer: 2358.67

Context:
OTHER INCOME (EXPENSE), NET The components of other income (expense), net were as follows: We use derivative instruments to: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification. Gains and losses from changes in fair values of derivatives that are not designated as hedging instruments are primarily recognized in other income (expense), net. Fiscal Year 2019 Compared with Fiscal Year 2018 Interest and dividends income increased primarily due to higher yields on fixed-income securities. Interest expense decreased primarily driven by a decrease in outstanding long-term debt due to debt maturities, offset in part by higher finance lease expense. Net recognized gains on investments decreased primarily due to lower gains on sales of equity investments. Net gains on derivatives includes gains on foreign exchange and interest rate derivatives in the current period as compared to losses in the prior period. Fiscal Year 2018 Compared with Fiscal Year 2017 Dividends and interest income increased primarily due to higher average portfolio balances and yields on fixed-income securities. Interest expense increased primarily due to higher average outstanding long-term debt and higher finance lease expense. Net recognized gains on investments decreased primarily due to higher losses on sales of fixed-income securities, offset in part by higher gains on sales of equity securities. Net losses on derivatives decreased primarily due to lower losses on equity, foreign exchange, and commodity derivatives, offset in part by losses on interest rate derivatives in the current period as compared to gains in the prior period.

(In millions)

Year Ended June 30,	2019	2018	2017

Interest and dividends income	$ 2,762	$ 2,214	$ 1,387

Interest expense	(2,686)	(2,733)	(2,222)

Net recognized gains on investments	648	2,399	2,583

Net gains (losses) on derivatives	144	(187)	(510)

Net losses on foreign currency remeasurements	(82)	(218)	(111)

Other, net	(57)	(59)	(251)

Total	$ 729	$ 1,416	$ 876


Question: What is the average total income for the 3 year period from 2017 to 2019, if the total income for 2017 was $1,200 million??

Answer: 1115


Question: What was the % change in interest and dividends income from 2018 to 2019, if the total interest and dividend income was $3,000 million in 2019?

Answer: 35.5


Question: If the Income from continuing operations before income taxes for Fiscal 2019 was $100 million, What would be the change in Income from continuing operations before income taxes from fiscal 2018 to fiscal 2019?

Answer: 337

Context:
Provision for income taxes We are a U.S.-based multinational company subject to tax in multiple U.S. and international tax jurisdictions. A substantial portion of our international earnings were generated from subsidiaries organized in Ireland and Singapore. Our results of operations would be adversely affected to the extent that our geographical mix of income becomes more weighted toward jurisdictions with higher tax rates and would be favorably affected to the extent the relative geographic mix shifts to lower tax jurisdictions. Any change in our mix of earnings is dependent upon many factors and is therefore difficult to predict. The increase in our effective tax rate in fiscal 2019 compared to fiscal 2018 was primarily due to one-time benefits from the 2017 Tax Act in fiscal 2018. In addition, increases in tax expense in fiscal 2019 are attributable to the valuation allowance on capital losses for which we cannot yet recognize a tax benefit.

	Fiscal Year

(In millions, except for percentages)	2019	2018

Income from continuing operations before income taxes	$108	$437

Provision for (benefit from) income taxes	$92	$(690)

Effective tax rate on income from continuing operations	85%	(158)%


Question: If the Income from continuing operations before income taxes for Fiscal 2019 was $100 million, What would be the average  Income from continuing operations before income taxes for fiscal 2019 and fiscal 2018?

Answer: 268.5


Question: If the Provision for (benefit from) income taxes for fiscal 2019 was $200 million, What would be the average  Provision for (benefit from) income taxes?

Answer: -245


Question: What would be the average non-GAAP gross profit for the 3 year period from 2017 to 2019, if the non-GAAP gross profit in 2019 was 165,000 thousand instead?

Answer: 160741.67

Context:
Free cash flow Our non-GAAP financial measures also include free cash flow, which we define as cash provided by (used in) operating activities less the amount of property and equipment purchased. Management believes that information regarding free cash flow provides investors with an important perspective on the cash available to invest in our business and fund ongoing operations. However, our calculation of free cash flow may not be comparable to similar measures used by other companies. We believe these non-GAAP financial measures are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. We monitor the following non-GAAP financial measures:

	For the year ended December 31,

(in thousands, except percentages and per share data)	2019	2018	2017

Non-GAAP gross profit	$168,242	$163,376	$153,849

Non-GAAP gross margin	82.0%	84.6%	85.6%

Non-GAAP operating loss	$(8,689)	$(4,325)	$(16,440)

Non-GAAP operating margin	(4.2)%	(2.2)%	(9.1)%

Non-GAAP net loss	$(9,460)	$(4,548)	$(16,594)

Non-GAAP net loss per share	$(0.09)	$(0.04)	$(0.18)

Free cash flow	$(3,924)	$12,201	$(3,418)


Question: What would be the % change in the free cash flow from 2017 to 2018, if the free cash flow in 2017 was $3,418 thousand instead?

Answer: 256.96


Question: What would be the change in non-GAAP gross profit between 2017 and 2019, as a % of the total gross profit for 2018 if the value for 2018 was $153,849?

Answer: 9.36


Question: If net additions in primary service units were -60,000 in 2019, what was the increase / (decrease)?

Answer: -4151

Context:
CUSTOMER STATISTICS (1) Excludes adjustments related to the migration to the new customer management system implemented during the third quarter of fiscal 2018. (2) As a percentage of homes passed. During the third quarter of fiscal 2018, the Canadian broadband services segment implemented a new customer management system, replacing 22 legacy systems. While the customer management system was still in the stabilization phase, contact center congestion resulted in lower services activations during most of the fourth quarter of fiscal 2018 and the first quarter of 2019. Contact center and marketing operations had returned to normal at the end of the first quarter of 2019. Variations of each services are also explained as follows: INTERNET Fiscal 2019 Internet service customers net additions stood at 5,966 compared to 14,173 for the prior year mainly due to: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry; and • contact center congestion during the stabilization period of the new customer management system. VIDEO Fiscal 2019 video service customers net losses stood at 39,185 compared to 37,035 for the prior year as a result of: • highly competitive offers in the industry; • a changing video consumption environment; and • contact center congestion during the stabilization period of the new customer management system; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings. TELEPHONY Fiscal 2019 telephony service customers net losses amounted to 23,333 compared to 32,987 for the prior year mainly due to: • technical issues with telephony activations following the implementation of the new customer management system which were resolved at the end of the first quarter; • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only; partly offset by • growth in the business sector; and • more telephony bundles due to additional promotional activity in the second half of fiscal 2019. DISTRIBUTION OF CUSTOMERS At August 31, 2019, 69% of the Canadian broadband services segment's customers enjoyed "double play" or "triple play" bundled services.

		Net additions (losses)		% of penetration(2)

	Years ended

	August 31,	August 31,	August 31,	August 31,	August 31,

	2019	2019	2018(1)	2019	2018

Primary service units	1,810,366	(56,552)	(55,849)

Internet service customers	788,243	5,966	14,173	44.7	44.7

Video service customers	649,583	(39,185)	(37,035)	36.8	39.3

Telephony service customers	372,540	(23,333)	(32,987)	21.1	22.6


Question: If increase in internet service customers in 2019 were 10,000, what was the average  increase / (decrease) in the internet service customers?

Answer: 12086.5


Question: If increase in video service customers in 2019 were -40,000, what was the average increase / (decrease) in video service customers?

Answer: -38517.5


Question: Between total operating lease obligations and total purchase obligations, which would be higher if total purchase obligations was $550,000?

Answer: Purchase obligations

Context:
OFF-BALANCE SHEET ARRANGEMENTS AND CONTRACTUAL OBLIGATIONS At June 30, 2019, the Company’s total off-balance sheet contractual obligations were $665,107. This balance consists of $71,633 of long-term operating leases for various facilities and equipment which expire from 2020 to 2030 and $593,474 of purchase commitments. In fiscal 2017, JHA entered a strategic services agreement with First Data® and PSCU® to provide full-service debit and credit card processing on a single platform to all existing core bank and credit union customers, as well as expand its card processing platform to financial institutions outside our core customer base. This agreement includes a purchase commitment of $555,754 over the remaining term of the contract. The remainder of the purchase commitments relate mainly to open purchase orders. The contractual obligations table below excludes $12,009 of liabilities for uncertain tax positions as we are unable to reasonably estimate the ultimate amount or timing of settlement. The operating lease obligations included on this table will be recorded on the balance sheet beginning in fiscal 2020 due to the Company’s adoption of ASU No. 2016-02, issued by the FASB in February 2016 and effective for the Company on July 1, 2019.

Contractual obligations by period as of June 30, 2019	Less than 1 year	1-3 years	3-5 years	More than 5 years	TOTAL

Operating lease obligations	$15,559	$25,399	$19,004	$11,671	$71,633

Purchase obligations	62,637	86,875	107,188	336,774	593,474

Total	$78,196	$112,274	$126,192	$348,445	$665,107


Question: What percentage of total contractual obligations would be the total operating lease obligations if total contractual obligations was $700,000 while operating lease obligations remains the same?

Answer: 10.23


Question: What percentage of total contractual obligations would be the total purchase obligations if the total contractual obligations was $650,000 and the purchase obligations remains the same?

Answer: 91.3


Question: If State income tax expense, net of federal tax effect in 2019 was (600) thousands, in which year would it be less than (1,000) thousands?

Answer: 2019

Answer: 2017

Context:
For purposes of reconciling the Company’s provision for income taxes at the statutory rate and the Company’s provision (benefit) for income taxes at the effective tax rate, a notional 26% tax rate was applied as follows (in thousands): The difference between the statutory federal income tax rate and the Company’s effective tax rate in 2019, 2018 and 2017 is primarily attributable to the effect of state income taxes, difference between the U.S. and foreign tax rates, deferred tax state rate adjustment, share-based compensation, true up of deferred taxes, other non-deductible permanent items, and change in valuation allowance. In addition, the Company’s foreign subsidiaries are subject to varied applicable statutory income tax rates for the periods presented.

		Year Ended December 31,

	2019	2018	2017

Income tax at federal statutory rate	$(10,883)	$(9,811)	$(6,659)

Increase (decrease) in tax resulting from:

State income tax expense, net of federal tax effect	(3,657)	(2,749)	(421)

Nondeductible permanent items	3,522	(1,522)	1,506

Foreign rate differential	(367)	552	599

Tax rate change	—	134	7,226

Adjustment to deferred taxes	(1,904)	307	37

Change in valuation allowance	22,481	15,805	(2,291)

Uncertain tax positions	128	143	76

Nonqualified stock option and performance award windfall upon exercise	(9,128)	(1,983)	—

Other	233	(80)	(26)

Total	$425	$796	$47


Question: If Nondeductible permanent items in 2018 was 2,000 thousands, what would be the average value from 2017-2019?

Answer: 2342.67


Question: If Tax rate change in 2019 was 100 thousands, what would be the average value from 2017-2019?

Answer: 2486.67


Question: What would be the change in the Projected benefit obligation at January 1 between 2018 and 2019 if the project benefit obligation in 2018 was $4,000 thousand instead?

Answer: 595

Context:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) NOTE 6 — Retirement Plans We have a number of noncontributory defined benefit pension plans ("pension plans") covering approximately 3% of our active employees. Pension plans covering salaried employees provide pension benefits that are based on the employees´ years of service and compensation prior to retirement. Pension plans covering hourly employees generally provide benefits of stated amounts for each year of service. We also provide post-retirement life insurance benefits for certain retired employees. Domestic employees who were hired prior to 1982 and certain former union employees are eligible for life insurance benefits upon retirement. We fund life insurance benefits through term life insurance policies and intend to continue funding all of the premiums on a pay-as-you-go basis. We recognize the funded status of a benefit plan in our consolidated balance sheets. The funded status is measured as the difference between plan assets at fair value and the projected benefit obligation. We also recognize, as a component of other comprehensive earnings, net of tax, the gains or losses and prior service costs or credits that arise during the period but are not recognized as components of net periodic benefit/cost. The measurement dates for the pension plans for our U.S. and non-U.S. locations were December 31, 2019, and 2018. During 2017, we offered certain former vested employees in our U.S. pension plan a one-time option to receive a lump sum distribution of their benefits from pension plan assets. The pension plan made approximately $23,912 in lump sum payments to settle its obligation to these participants. These settlement payments decreased the projected benefit obligation and plan assets by $23,912, and resulted in a non-cash settlement charge of $13,476 related to unrecognized net actuarial losses that were previously included in accumulated other comprehensive loss. The measurement date of this settlement was December 31, 2017. In February 2020, the CTS Board of Directors authorized and empowered management to explore termination of our U.S. based pension plans at management's discretion, subject to certain conditions. Management has not yet made a final decision on whether to pursue a plan termination and the potential timing thereof. The measurement dates for the post-retirement life insurance plan were December 31, 2019, and 2018. The following table provides a reconciliation of benefit obligation, plan assets, and the funded status of the post-retirement life insurance plan at those measurement dates.

	Post-Retirement Life Insurance Plan

	2019	2018

Accumulated benefit obligation	$4,766	$4,595

Change in projected benefit obligation:

Projected benefit obligation at January 1	$4,595	$5,134

Service cost	1	2

Interest cost	170	156

Benefits paid	(145)	(157)

Actuarial loss (gain)	145	(540)

Projected benefit obligation at December 31	$4,766	$4,595

Change in plan assets:

Assets at fair value at January 1	$—	$—

Actual return on assets	—	—

Company contributions	145	157

Benefits paid	(145)	(157)

Other	—	—

Assets at fair value at December 31	$—	$—

Funded status (plan assets less projected benefit obligations)	$(4,766)	$(4,595)


Question: How many years did the Interest cost exceed $150 thousand if the interest cost in 2018 was $92 million instead?

Answer: 1


Question: What would be the percentage change in company contributions between 2018 and 2019 if company contributions in 2019 was $200 thousand instead?

Answer: 27.39


Question: Which year would have the largest accretion expense if the value in 2018 is $13 million instead?

Answer: 2018

Context:
Asset Retirement Obligations At December 31, 2019, our asset retirement obligations balance was primarily related to estimated future costs of removing equipment from leased properties and estimated future costs of properly disposing of asbestos and other hazardous materials upon remodeling or demolishing buildings. Asset retirement obligations are included in other long-term liabilities on our consolidated balance sheets. As of the Level 3 acquisition date, we recorded liabilities to reflect our fair values of Level 3’s asset retirement obligations. Our fair value estimates were determined using the discounted cash flow method. The following table provides asset retirement obligation activity: (1) The liabilities assumed during 2018 relate to purchase price adjustments during the year. The 2019, 2018 and 2017 change in estimates are offset against gross property, plant and equipment.

	Years Ended December 31,

	2019	2018	2017

	(Dollars in millions)

Balance at beginning of year	$190	115	95

Accretion expense	11	10	6

Liabilities assumed in acquisition of Level 3(1)	—	58	45

Liabilities settled	(14)	(14)	(3)

Liabilities transferred to Cyxtera	—	—	(20)

Change in estimate	10	21	(8)

Balance at end of year	$197	190	115


Question: What would the change in balance at end of year in 2019 from 2018 be if the value in 2019 is $200 million?

Answer: 10


Question: What would the average accretion expense across 2017, 2018 and 2019 be if the value for 2018 is $13 million?

Answer: 10


Question: What would the sum of non-cash, non-tax-deductible goodwill impairment charges for 2019 and 2018 be if the value for 2018 is $2.5 billion instead?

Answer: 9

Context:
ITEM 6. SELECTED FINANCIAL DATA The following tables of selected consolidated financial data should be read in conjunction with, and are qualified by reference to, our consolidated financial statements and notes thereto in Item 8 of Part II and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 of Part II of this report. The tables of selected financial data shown below are derived from our audited consolidated financial statements, which include the operating results, cash flows and financial condition of Level 3 beginning November 1, 2017. These historical results are not necessarily indicative of results that you can expect for any future period. The following table summarizes selected financial information from our consolidated statements of operations. (1) See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations” in Item 7 of Part II of this report and in our preceding annual reports on Form 10-K for a discussion of unusual items affecting the results for each of the years presented. (2) During 2019 and 2018, we recorded non-cash, non-tax-deductible goodwill impairment charges of $6.5 billion and $2.7 billion, respectively. (3) During 2019, 2018, 2017 and 2016, we incurred Level 3 acquisition-related expenses of $234 million, $393 million, $271 million and $52 million, respectively. For additional information, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Acquisition of Level 3” and Note 2—Acquisition of Level 3 to our consolidated financial statements in Item 8 of Part II of this report. (4) During 2019, 2018, 2017, 2016 and 2015, we recognized an incremental $157 million, $171 million, $186 million, $201 million and $215 million, respectively, of revenue associated with the Federal Communications Commission (“FCC”) Connect America Fund Phase II support program, as compared to revenue received under the previous interstate USF program. (5) The enactment of the Tax Cuts and Jobs Act in December 2017 resulted in a re-measurement of our deferred tax assets and liabilities at the new federal corporate tax rate of 21%. The re-measurement resulted in tax expense of $92 million for 2018 and a tax benefit of approximately $1.1 billion for 2017.

			Years Ended December 31,(1)

	2019(2)(3)(4)	2018(2)(3)(4)(5)	2017(3)(4)(5)	2016(3)(4)	2015(4)

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

Operating revenue	$22,401	23,443	17,656	17,470	17,900

Operating expenses	25,127	22,873	15,647	15,137	15,321

Operating (loss) income	$(2,726)	570	2,009	2,333	2,579

(Loss) income before income tax expense	$(4,766)	(1,563)	540	1,020	1,316

Net (loss) income	$(5,269)	(1,733)	1,389	626	878

Basic loss) earnings per common share	$(4.92)	(1.63)	2.21	1.16	1.58

Diluted (loss) earnings per common share	$(4.92)	(1.63)	2.21	1.16	1.58

Dividends declared per common share	$1.00	2.16	2.16	2.16	2.16

Weighted average basic common shares outstanding	1,071,441	1,065,866	627,808	539,549	554,278

Weighted average diluted common shares outstanding	1,071,441	1,065,866	628,693	540,679	555,093


Question: Which year would have the lowest operating expenses if the operating expenses for 2016 is $15,337 million instead?

Answer: 2015


Question: What would the average non-cash, non-tax-deductible goodwill impairment charge in 2018 and 2019 be if the value for 2018 is $2.5 billion instead?

Answer: 4.5