Question: What would the change in exceptional items in 2019 from 2018 be if the amount in 2019 was $3.0 million instead? (in million)

def solution():
    # Define variables name and value
    exceptional_items_2019 = 3.0
    exceptional_items_2018 = 13.0

    # Do math calculation to get the answer
    answer = exceptional_items_2019 - exceptional_items_2018

    return answer

||Year-ended 31 March 2019|Year-ended 31 March 2018|
||$M|$M|
|Net cash flow from operating activities|142.9|147.7|
|Exceptional items|3.1|13.0|
|Net capital expenditure|(22.2)|(21.1)|
|Unlevered free cash flow|123.8|139.6|
 5 Alternative Performance Measures (“APM’s”) continued Unlevered Free Cash Flow Unlevered free cash flow represents net cash flow from operating activities adjusted for exceptional items and net capital expenditure. Unlevered free cash flow provides an understanding of the Group’s cash generation and is a supplemental measure of liquidity in respect of the Group’s operations without the distortions of exceptional and other non-operating items.

Answer: -10.0


Question: What would be the value of the difference in research and development expenses as a percentage of the company's 2018 expenses if the value of change is $5,000,000 instead while the value in 2018 remains constant? (in percent)

def solution():
    # Define variables name and value
    change_value = 5000000
    r_and_d_expenses_2018 = 22450000

    # Do math calculation to get the answer
    answer = (change_value / r_and_d_expenses_2018) * 100

    return answer

||Years Ended December 31,||Change||
||2019|2018|$|%|
|||(dollars in thousands)|||
|Research and development|$17,845|$22,450|$(4,605)|(21)%|
|Percent of revenues, net|36%|38%|||
 Research and Development Research and development expenses in 2019 decreased by $4.6 million, or 21%, as compared to 2018. The decrease was primarily due to a reduction in the number of full-time research and development personnel, resulting in a decrease of $3.1 million in compensation expense and $0.6 million in allocated facilities and information technology costs as compared to 2018. We did not incur restructuring costs in 2019, as compared to 2018 when $0.1 million was incurred as part of the 2018 Restructuring Plan (refer to Note 4 of the accompanying consolidated financial statements). Finally, the decrease was further driven by lower professional fees of $0.6 million, as we reduced the number of research and development contractors as compared to 2018.

Answer: 22.271714922049


Question: What would be the difference in loss per share between 2018 and 2019 if the loss per share in 2018 is halved and then increased by $0.01?

def solution():
    # Define variables name and value
    loss_per_share_2019 = -0.42
    loss_per_share_2018 = 0.35
    halved_loss_per_share_2018 = loss_per_share_2018 / 2
    increased_loss_2018 = halved_loss_per_share_2018 + 0.01

    # Do math calculation to get the answer
    answer = loss_per_share_2019 + increased_loss_2018

    return answer

||Year Ended December 31||
||2019|2018|
|Revenues (in thousands)|$ 224,913|$ 17,542|
|Loss from continuing operations (in thousands)|$ (13,432)|$ ( 7,792)|
|Loss per share - continuing operations|$           (0.42)|$          ( 0.35)|
|Weighted average number of common shares outstanding - basic and diluted|32,359,316|22,099,149|
 Our revenues for 2019 include $1.9 million related to the acquired MGI business. Our net loss for 2019 includes $0.3 million of net loss from the acquired MGI business. The following table provides unaudited pro forma information for the periods presented as if the MGI acquisition had occurred January 1, 2018. No adjustments have been made in the pro forma information for synergies that are resulting or planned from the MGI acquisition. The unaudited proforma information is not indicative of the results that may have been achieved had the companies been combined as of January 1, 2018, or of our future operating results.

Answer: -0.235


Question: What would the percentage change in the end-of-year valuation allowance from 2018 to 2019 be if the amount in 2019 was 50,000 instead? (in percent)

def solution():
    # Define variables name and value
    end_of_year_2019_alternative = 50000
    end_of_year_2018 = 104858

    # Do math calculation to get the answer
    answer = (end_of_year_2019_alternative - end_of_year_2018) / end_of_year_2018 * 100

    return answer

|Year Ended|Balance at Beginning of Year|Income Tax Expense (Benefit)|Reversal for State NOL Expiration and Utilization|Balance at End of Year|
|September 30, 2019|$104,858|$10,448|$(68,292)|$47,014|
|September 30, 2018|159,154|79,377|(133,673)|104,858|
|September 30, 2017|322,404|(32,154)|(131,096)|159,154|
 The valuation allowance activity for the years ended September 30, 2019, 2018, and 2017 is as follows: The Company completed an Internal Revenue Code Section 382 analysis of the loss carry forwards in 2009 and determined then that all of the Company’s loss carry forwards are utilizable and not restricted under Section 382. The Company has not updated its Section 382 analysis subsequent to 2009 and does not believe there have been any events subsequent to 2009 that would impact the analysis. The Company is required to recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company applies the interpretation to all tax positions for which the statute of limitations remained open. The Company had no liability for unrecognized tax benefits and did not recognize any interest or penalties during the years ended September 30, 2019, 2018, or 2017. The Company is subject to income taxes in the U.S. federal jurisdiction, and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local, income tax examinations by tax authorities for fiscal years ending prior to 2004. We are generally subject to U.S. federal and state tax examinations for all tax years since 2003 due to our net operating loss carryforwards and the utilization of the carryforwards in years still open under statute. During the year ended September 30, 2018, the Company was examined by the U.S. Internal Revenue Service for fiscal year 2016. This examination resulted in no adjustments. The Company changed its fiscal year end in 2007 from March 31 to September 30.

Answer: -52.31646607793397


Question: What would be the change in the balance at the end of period between 2018 and 2019 if the balance at the end of 2019 was $10,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    balance_2019 = 10000
    balance_2018 = 8623

    # Do math calculation to get the answer
    answer = balance_2019 - balance_2018

    return answer

|Year Ended December 31,|2019|2018|2017|
|Balance at beginning of period|$8,623|$9,724|$8,548|
|Plus: Amounts charged to cost and expenses|4,569|7,392|6,951|
|Less: Deductions|(4,798)|(8,493)|(5,775)|
|Balance at end of period|$8,394|$8,623|$9,724|
 Liability for Warranty Liability for Warranty Our products generally include warranties of 90 days to five years for product defects. We accrue for warranty returns at the time revenue is recognized based on our historical return rate and estimate of the cost to repair or replace the defective products. We engage in extensive product quality programs and processes, including actively monitoring and evaluating the quality of our component suppliers. The increasing complexity of our products will cause warranty incidences, when they arise, to be more costly. Our estimates regarding future warranty obligations may change due to product failure rates, material usage and other rework costs incurred in correcting a product failure. In addition, from time to time, specific warranty accruals may be recorded if unforeseen problems arise. Should our actual experience relative to these factors be worse than our estimates, we will be required to record additional warranty expense. Alternatively, if we provide for more reserves than we require, we will reverse a portion of such provisions in future periods. The liability for warranty obligations totaled $8.4 million and $8.6 million as of December 31, 2019 and 2018, respectively. These liabilities are included in accrued expenses in the accompanying Consolidated Balance Sheets. During 2017, we recorded a reduction in warranty expense related to a settlement with a third-party supplier for a defective component, the impact of which is reflected in the following table. A summary of warranty expense and write-off activity for the years ended December 31, 2019, 2018 and 2017 is as follows: (In thousands)

Answer: 1377.0


Question: What would be the average fair value of RSAs vested during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017 if the value in 2017 was $2,000 instead?

def solution():
    # Define variables name and value
    fair_value_2019 = 3742
    fair_value_2018 = 2936
    fair_value_2017 = 2000

    # Do math calculation to get the answer
    answer = (fair_value_2019 + fair_value_2018 + fair_value_2017) / 3

    return answer

||Shares |Weighted Average Grant Date Fair Value|
|Unvested at December 29, 2017|329,761|$16.69|
|Granted |311,957|23.62|
|Vested |(113,482)|17.60|
|Forfeited |(1,506)|17.13|
|Unvested at December 28, 2018|526,730|$20.60|
|Granted |384,531|34.44|
|Vested |(115,459)|21.32|
|Forfeited |(55,193)|20.46|
|Unvested at December 27, 2019 |740,609|$27.68|
 Equity Incentive Plan On May 17, 2019, the Company’s stockholders approved the 2019 Omnibus Equity Incentive Plan (the “2019 Plan”). Concurrently, the 2011 Omnibus Equity Incentive Plan (the “2011 Plan”) was terminated and any shares remaining available for new grants under the 2011 Plan share reserve were extinguished. The purpose of the 2019 Plan is to promote the interests of the Company and its stockholders by (i) attracting and retaining key officers, employees and directors of, and consultants to, the Company and its Subsidiaries and Affiliates; (ii) motivating such individuals by means of performance-related incentives to achieve long-range performance goals; (iii) enabling such individuals to participate in the long-term growth and financial success of the Company; (iv) encouraging ownership of stock in the Company by such individuals; and (v) linking their compensation to the long-term interests of the Company and its stockholders. The 2019 Plan is administered by the Compensation and Human Capital Committee (the “Committee”) of the Board of Directors and allows for the issuance of stock options, stock appreciation rights (“SARs”), RSAs, restricted share units, performance awards, or other stock-based awards. Stock option exercise prices are fixed by the Committee but shall not be less than the fair market value of a common share on the date of the grant of the option, except in the case of substitute awards. Similarly, the grant price of an SAR may not be less than the fair market value of a common share on the date of the grant. The Committee will determine the expiration date of each stock option and SAR, but in no case shall the stock option or SAR be exercisable after the expiration of 10 years from the date of the grant. The 2019 Plan provides for 2,600,000 shares available for grant. As of December 27, 2019, there were 2,222,088 shares available for grant. Stock compensation expense was $4,399, $4,094 and $3,018 for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, respectively. The related tax benefit for stock-based compensation was $883, $864 and $1,283 for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, respectively. The following table reflects the activity of RSAs during the fiscal years ended December 27, 2019 and December 28, 2018: The fair value of RSAs vested during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, was $3,742, $2,936 and $1,703, respectively. These awards are a mix of time-, market- and performance-based grants awarded to key employees and non-employee directors which vest over a range of periods of up to five-years. The market- and performance-based RSAs cliff vest, if at all, after the conclusion of a three-year performance period and vesting is subject to the award recipient’s continued service to the Company as of the vesting date. The number of performance-based RSAs that ultimately vest is based on the Company’s attainment of certain profitability and return on invested capital targets. During fiscal 2019, the Company awarded market-based RSAs that vest based on the Company’s attainment of an average closing trade price of the Company’s common stock of $39.86 per share, based on an average of 20 consecutive trading days. The grant date fair value of these market-based performance awards was determined using a Monte Carlo simulation in order to simulate a range of possible future stock prices. Key assumptions used included a risk-free interest rate of 2.2% and expected volatility of 44.6%.

Answer: 2892.6666666666665


Question: If the Centrally carried pension expense amounts to (500) million in 2019, what will be the percentage increase / (decrease) from 2018 to 2019? (in percent)

def solution():
    # Define variables name and value
    centrally_carried_pension_expense_2019 = -500
    centrally_carried_pension_expense_2018 = -423

    # Do math calculation to get the answer
    answer = (centrally_carried_pension_expense_2019 / centrally_carried_pension_expense_2018) - 1

    return answer * 100

|||Fiscal year|
|(in millions of €)|2019|2018|
|Real Estate Services|145|140|
|Corporate items|(562)|631|
|Centrally carried pension expense|(264)|(423)|
|Amortization of intangible assets acquired in business combinations|(1,133)|(1,164)|
|Eliminations, Corporate Treasury and other reconciling items|(215)|(318)|
|Reconciliation to Consolidated financial Statements|(2,028)|(1,135)|
 A.3.10 Reconciliation to Consolidated Financial Statements The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OSRAM Licht AG shares. These effects substantially outweighed a positive result in fiscal 2019 from the measurement of a major asset retirement obligation, which was previously reported in Centrally managed portfolio activities. Severance charges within Corporate items were € 99 million (€ 159 million in fiscal 2018).

Answer: 18.20330969267139


Question: What would be the change in risk-free interest rate between 2017 and 2018 if risk-free interest rate in 2018 was 5.0% instead? (in percent)

def solution():
    # Define variables name and value
    risk_free_interest_rate_2018 = 5.0
    risk_free_interest_rate_2017 = 1.9

    # Do math calculation to get the answer
    answer = risk_free_interest_rate_2018 - risk_free_interest_rate_2017

    return answer

||Years Ended December 31,||
||2018|2017|
|Expected life (years)|5.6|5.6|
|Risk-free interest rate|2.7%|1.9%|
|Expected volatility|26.4%|29.4%|
|Expected dividend yield|—|—|
 The fair value of options granted in the respective fiscal years are estimated on the date of grant using the Black-Scholes optionpricing model, acceptable under ASC 718, with the following weighted average assumptions: Expected volatilities are based on the Company’s historical common stock volatility, derived from historical stock price data for periods commensurate with the options’ expected life. The expected life of options granted represents the period of time options are expected to be outstanding, based primarily on historical employee option exercise behavior. The risk-free interest rate is based on the implied yield currently available on U.S. Treasury zero coupon bonds issued with a term equal to the expected life at the date of grant of the options. The expected dividend yield is zero, as the Company has historically paid no dividends and does not anticipate dividends to be paid in the future.

Answer: 3.1


Question: What would be the percentage change in the internal-use revenue between 2019 and 2020 if the internal-use revenue in 2019 was $50 million instead? (in percent)

def solution():
    # Define variables name and value
    internal_use_revenue_2020 = 82
    internal_use_revenue_2019_modified = 50

    # Do math calculation to get the answer
    answer = (internal_use_revenue_2020 - internal_use_revenue_2019_modified) / internal_use_revenue_2019_modified * 100

    return answer

|||Revenue and Receipts||Unearned Revenue||
|||For the Year Ended As of||As of||
||January 31, 2020|February 1, 2019|February 2, 2018|January 31, 2020|February 1, 2019|
|Reseller revenue|$3,288|$2,355|$1,464|$3,787|$2,554|
|Internal-use revenue|82|41|46|57|29|
|Collaborative technology project receipts|10|4|—|n/a|n/a|
 Dell purchases our products and services directly from us, as well as through our channel partners. Information about our revenue and receipts, and unearned revenue from such arrangements, for the periods presented consisted of the following (table in millions): Sales through Dell as a distributor, which is included in reseller revenue, continues to grow rapidly. Customer deposits resulting from transactions with Dell were $194 million and $85 million as of January 31, 2020 and February 1, 2019, respectively.

Answer: 64.0


Question: If the number of Administrative Staff employed reduce to 521 in 2017, what is the revised average?

def solution():
    # Define variables name and value
    admin_staff_2017 = 521
    admin_staff_2018 = 784
    admin_staff_2019 = 833

    # Do math calculation to get the answer
    answer = (admin_staff_2017 + admin_staff_2018 + admin_staff_2019) / 3

    return answer

|||As of December 31,||
||2017|2018|2019|
|Employees||||
|Engineers|11,846|11,651|11,328|
|Technicians|7,432|7,494|7,416|
|Administrative Staff|798|784|833|
|Total|20,076|19,929|19,577|
 As of December 31, 2019, we had 19,577 employees, which included 11,328 engineers, 7,416 technicians and 833 administrative staff performing administrative functions on a consolidated basis. We have in the past implemented, and may in the future evaluate the need to implement, labor redundancy plans based on the work performance of our employees. Employee salaries are reviewed annually. Salaries are adjusted based on industry standards, inflation and individual performance. As an incentive, additional bonuses in cash may be paid at the discretion of management based on the performance of individuals. In addition, except under certain circumstances, R.O.C. law requires us to reserve from 10% to 15% of any offerings of our new common shares for employees’ subscription. Our employees participate in our profit distribution pursuant to our articles of incorporation. Employees are entitled to receive additional bonuses based on a certain percentage of our allocable surplus income. On February 26, 2020, our board of directors proposed an employee bonus in cash in the aggregate amount of NT$1,133 million (US$38 million) in relation to retained earnings in 2019. Our employees are not covered by any collective bargaining agreements. We believe we have a good relationship with our employees.

Answer: 712.6666666666666


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

def solution():
    # Define variables name and value
    denominator_2018 = 21017
    denominator_2019 = 18525

    # Do math calculation to get the answer
    answer = (denominator_2019 - (denominator_2018 * 2)) / (denominator_2018 * 2)

    return answer * 100

||Year ended December 31,||
||2019|2018|
|Numerators|||
|Numerator for basic and diluted earnings per share:|||
|Net income|$13,267|$3,654|
|Denominators|||
|Denominators for basic and diluted earnings per share:|||
|Weighted average shares outstanding - basic|17,424|20,721|
|Dilutive potential common shares|||
|Stock options and awards|1,101|296|
|Denominator for diluted earnings per share|18,525|21,017|
|Net income per common share - basic|$0.76|$0.18|
|Net income per common share – diluted|$0.72|$0.17|
 Earnings per share for the periods indicated were computed as follows (in thousands except per share amounts): Our weighted average shares outstanding has decreased due to the repurchase of our outstanding common stock through a modified Dutch auction tender offer (the “Tender Offer”) and the stock repurchase program announced on October 29, 2018. 11.     Earnings Per Share

Answer: -55.92853404386925


Question: What would the percentage change in staff costs in 2019 from 2018 be if the amount in 2019 was 56.5 million instead? (in percent)

def solution():
    # Define variables name and value
    staff_costs_2018 = -54.5
    staff_costs_2019 = -56.5

    # Do math calculation to get the answer
    answer = ((staff_costs_2019 - staff_costs_2018) / staff_costs_2018) * 100

    return answer

|||2019|(Restated) 2018|
||Note|£m|£m|
|Staff costs|7|(56.0)|(54.5)|
|Contractor costs||(0.4)|(0.4)|
|Depreciation of property, plant and equipment|14|(4.9)|(4.9)|
|Amortisation of intangible assets|13|(4.0)|(4.1)|
|Profit on sale of property, plant and equipment||0.1|–|
 6. Operating profit The Group has identified a number of items which are material due to the significance of their nature and/or amount. These are listed separately here to provide a better understanding of the financial performance of the Group: Following the application of IFRS 16, depreciation of property, plant and equipment has been restated for the year ended 31 March 2018 (note 2).

Answer: 3.669724770642202


Question: What would be the change in raw materials between 2018 and 2019 if raw materials in 2019 was $50,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    raw_materials_2019 = 50000
    raw_materials_2018 = 45333

    # Do math calculation to get the answer
    answer = raw_materials_2019 - raw_materials_2018

    return answer

|(In thousands)|2019|2018|
|Raw materials|$36,987|$45,333|
|Work in process|1,085|1,638|
|Finished goods|60,233|52,877|
|Total Inventory, net|$98,305|$99,848|
 Note 7 – Inventory As of December 31, 2019 and 2018, inventory was comprised of the following: Inventory reserves are established for estimated excess and obsolete inventory equal to the difference between the cost of the inventory and the estimated net realizable value of the inventory based on estimated reserve percentages, which consider historical usage, known trends, inventory age and market conditions. As of December 31, 2019 and 2018, our inventory reserve was $34.1 million and $30.0 million, respectively.

Answer: 4667.0


Question: If Total common shares in 2019 were 510,000,000, what was the percentage increase / (decrease) from 2018 to 2019? (in percent)

def solution():
    # Define variables name and value
    total_common_shares_2019 = 510000000
    total_common_shares_2018 = 514812675

    # Do math calculation to get the answer
    answer = (total_common_shares_2019 / total_common_shares_2018 - 1) * 100

    return answer

||As at December 31||
||2019|2018|
|Common shares outstanding 1|||
|Class A Voting|111,154,811|111,155,637|
|Class B Non-Voting|393,770,507|403,657,038|
|Total common shares|504,925,318|514,812,675|
|Options to purchase Class B|||
|Non-Voting Shares|||
|Outstanding options|3,154,795|2,719,612|
|Outstanding options exercisable|993,645|1,059,590|
 OUTSTANDING COMMON SHARES 1 Holders of our Class B Non-Voting Shares are entitled to receive notice of and to attend shareholder meetings; however, they are not entitled to vote at these meetings except as required by law or stipulated by stock exchanges. If an offer is made to purchase outstanding Class A Shares, there is no requirement under applicable law or our constating documents that an offer be made for the outstanding Class B Non-Voting Shares, and there is no other protection available to shareholders under our constating documents. If an offer is made to purchase both classes of shares, the offer for the Class A Shares may be made on different terms than the offer to the holders of Class B Non-Voting Shares. As at February 29, 2020, 111,154,811 Class A Shares, 393,770,507
Class B Non-Voting Shares, and 3,145,274 options to purchase
Class B Non-Voting Shares were outstanding.

Answer: -0.9348400367182097


Question: If network advertising revenue in 2019 was 30.0 million, what would be the change from 2018 to 2019? (in million)

def solution():
    # Define variables name and value
    network_advertising_2019 = 30.0
    network_advertising_2018 = 28.2

    # Do math calculation to get the answer
    answer = network_advertising_2019 - network_advertising_2018

    return answer

||Years Ended December 31,||
||2019|2018|
|Network advertising|$22.7|$28.2|
|Broadcast station|11.9|10.8|
|Network distribution|4.9|4.8|
|Other|2.3|1.6|
|Total revenue from contracts with customers|41.8|45.4|
|Other revenue|-|-|
|Total Broadcasting segment revenue|$ 41.8|$ 45.4|
 Broadcasting Segment Network advertising revenue is generated primarily from the sale of television airtime for programs or advertisements. Network advertising revenue is recognized when the program or advertisement is broadcast. Revenues are reported net of agency commissions, which are calculated as a stated percentage applied to gross billings. The Network advertising contracts are generally short-term in nature. Network distribution revenue consists of payments received from cable, satellite and other multiple video program distribution systems for their retransmission of our network content. Network distribution revenue is recognized as earned over the life of the retransmission consent contract and varies from month to month. Variable fees are usage/sales based, calculated on the average number of subscribers, and recognized as revenue when the usage occurs. Transaction prices are based on the contract terms, with no material judgments or estimates. Broadcast station revenue is generated primarily from the sale of television airtime in return for a fixed fee or a portion of the related ad sales recognized by the third party. In a typical broadcast station revenue agreement, the licensee of a station makes available, for a fee, airtime on its station to a party which supplies content to be broadcast during that airtime and collects revenue from advertising aired during such content. Broadcast station revenue is recognized over the life of the contract, when the program is broadcast. The fees that we charge can be fixed or variable and the contracts that the Company enters into are generally short-term in nature. Variable fees are usage/salesbased and recognized as revenue when the subsequent usage occurs. Transaction prices are based on the contract terms, with no material judgments or estimates. Disaggregation of Revenues The following table disaggregates the Broadcasting segment's revenue by type (in millions):

Answer: 1.8000000000000007


Question: What would be the change in the value of Finance lease and other financing obligations between 2018 and 2019 if the value in 2018 increases by $1,000?

def solution():
    # Define variables name and value
    finance_lease_2019 = 3905
    finance_lease_2018 = 193
    increase = 1000

    # Do math calculation to get the answer
    answer = finance_lease_2019 - (increase + finance_lease_2018)

    return answer

||December 27, 2019 |December 28, 2018|
|Senior secured term loan|$238,129|$239,745|
|Convertible senior notes |150,000|—|
|Convertible unsecured note |4,000|—|
|Finance lease and other financing obligations|3,905|193|
|Asset-based loan facility |—|44,185|
|Deferred finance fees and original issue discount |(9,207)|(5,893)|
|Total debt obligations|386,827|278,230|
|Less: current installments |(721)|(61)|
|Total debt obligations excluding current installments|$386,106|$278,169|
 Note 9 – Debt Obligations Debt obligations as of December 27, 2019 and December 28, 2018 consisted of the following: Senior Secured Term Loan Credit Facility On June 22, 2016, the Company refinanced its debt structure by entering into a credit agreement (the “Term Loan Credit Agreement”) with a group of lenders for which Jefferies Finance LLC acts as administrative agent and collateral agent. The Term Loan Credit Agreement provides for a senior secured term loan B facility (the “Term Loan Facility”) in an aggregate amount of $305,000 (the loans outstanding under the Term Loan Facility, the “Term Loans”) maturing on June 22, 2022. Additionally, the Term Loan Facility includes an accordion which permits the Company to request that the lenders extend additional Term Loans in an aggregate principal amount of up to $50,000 (less the aggregate amount of certain indebtedness incurred to finance acquisitions) plus an unlimited amount subject to the Company’s Total Leverage Ratio not exceeding 4.90:1.00 on a pro forma basis. Borrowings were used to repay the Company’s senior secured notes, as well as the prior term loan and revolving credit facility. Remaining funds were used for capital expenditures, permitted acquisitions, working capital and general corporate purposes of the Company. On December 13, 2017, the Company completed a repricing of the Term Loan Facility to reduce Applicable Rate (as defined in the Term Loan Credit Agreement) from 475 basis points to 400 basis points over the London Inter-bank Offered Rate (“LIBOR”). In connection with the repricing, the Company paid debt financing costs of $761 which were capitalized as deferred financing charges. On July 6, 2018, the Company made a $47,100 prepayment and is no longer required to make quarterly amortization payments on the Term Loans. On November 16, 2018, the Company completed a repricing of the Term Loan Facility to reduce the Applicable Rate from 400 basis points to 350 basis points over LIBOR. In connection with the repricing, the Company paid debt financing costs of $626 which were capitalized as deferred financing charges. The Company wrote off unamortized deferred financing fees of $1,081 as a result of this repricing. The interest charged on the Term Loans, will be equal to a spread plus, at the Company’s option, either the Base Rate (as defined in the Term Loan Credit Agreement) or LIBOR for one, two, three, six or (if consented to by the lenders) twelve-month interest periods chosen by the Company. The interest rate on the Term Loans at December 27, 2019 was 5.2%. The Term Loan Facility contains customary affirmative covenants, negative covenants (including restrictions, subject to customary exceptions, on incurring debt or liens, paying dividends, repaying payment subordinated and junior lien debt, disposing assets, and making investments and acquisitions), and events of default for a term loan B facility of this type, as more particularly described in the Term Loan Credit Agreement. As of December 27, 2019, the Company was in compliance with all debt covenants under the Term Loan Credit Agreement. Asset-Based Loan Facility On June 29, 2018, the Company entered into a credit agreement (the “ABL Credit Agreement”) with a group of lenders for which BMO Harris Bank, N.A. acts as administrative agent. The ABL Credit Agreement provides for an asset-based loan facility (the “ABL”) in the aggregate amount of up to $150,000. Borrowings under the ABL will be used, and are expected to be used, for capital expenditures, permitted acquisitions, working capital and general corporate purposes of the Company. Availability under the ABL will be limited to a borrowing base equal to the lesser of: (i) the aggregate amount of commitments or (ii) the sum of specified percentages of eligible receivables and eligible inventory, minus certain availability reserves. The co-borrowers under the ABL are entitled on one or more occasions, subject to the satisfaction of certain conditions, to request an increase in the commitments under the ABL in an aggregate principal amount of up to $25,000. The ABL matures on the earlier of June 29, 2023 and 90 days prior to the maturity date of the Company’s Term Loan Facility. The interest rate charged on borrowing under the ABL is equal to a spread plus, at the Company’s option, either the Base Rate (as defined in the ABL Credit Agreement) or LIBOR (except for swingline loans) for one, two, three, six or (if consented to by the lenders) twelve-month, interest periods chosen by the Company. The Company will pay certain recurring fees with respect to the ABL, including fees on unused lender commitments. The ABL Credit Agreement contains customary affirmative covenants, negative covenants and events of default as more particularly described in the ABL Credit Agreement. The Company is required to comply with a minimum consolidated fixed charge coverage ratio of 1:1 if the amount of availability under the ABL falls below $10,000 or 10% of the borrowing base. The Company incurred transaction costs of $877 which were capitalized as deferred financing fees to be amortized over the term of the ABL. On July 6, 2018, the Company borrowed $47,100 under the ABL and made an equivalent prepayment on its Term Loans. On November 22, 2019, the Company fully paid all borrowings outstanding under the ABL and there was no balance outstanding as of December 27, 2019. The weighted average interest rate on our ABL borrowings was approximately 3.7% during fiscal 2019. As of December 27, 2019, the Company was in compliance with all debt covenants and the Company had reserved $16,641 of the ABL for the issuance of letters of credit. As of December 27, 2019, funds totaling $133,359 were available for borrowing under the ABL. Convertible Senior Notes On November 22, 2019, the Company issued $150,000 aggregate principal amount of 1.875% Convertible Senior Notes (the “Senior Notes”). The Senior Notes were issued pursuant to an indenture, dated as of November 22, 2019 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee. Approximately $43,225 of the net proceeds were used to repay all outstanding borrowings under the ABL and the Company intends to use the remainder for working capital and general corporate purposes, which may include future acquisitions. The Senior Notes bear interest of 1.875% per annum payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2020. At any time before the close of business on the scheduled trading day immediately before the maturity date, the Senior Notes will be convertible at the option of holders into shares of the Company’s common stock, together with cash in lieu of any fractional share, at an initial conversion price of approximately $44.20 per share. The conversion price is subject to adjustments upon the occurrence of certain events. The Senior Notes will mature on December 1, 2024, unless earlier converted or repurchased in accordance with their terms. The Company may not redeem the Senior Notes at its option prior to maturity. In addition, if the Company undergoes a fundamental change, as described in the Indenture, holders may require the Company to repurchase for cash all or part of their Senior Notes at a repurchase price equal to 100% of the principal amount of the Senior Notes to be repurchased, plus accrued and unpaid interest up to, but excluding, the required repurchase date. The Company incurred transaction costs of approximately $5,082 which were capitalized as deferred financing fees to be amortized over the term of the Senior Notes. Convertible Unsecured Note On February 25, 2019, the Company issued a $4,000 convertible unsecured note (the “Unsecured Note”), maturing on June 29, 2023, to Bassian Farms, Inc. (the “Holder”) as partial consideration in the Bassian acquisition. The interest rate charged on the Unsecured Note is 4.5% per annum and increases to 5.0% after the two-year anniversary of the closing date. The Company may, in certain instances beginning eighteen months after issuance of the Unsecured Note, redeem the Unsecured Note in whole or in part for cash or convert the Unsecured Note into shares of the Company’s common stock at the conversion price of $43.93 per share. After the two-year anniversary of the closing date, the Holder may convert the Unsecured Note into shares of the Company’s common stock at the conversion price. Upon a change of control event, the Holder may convert the Unsecured Note into shares of the Company’s common stock at the conversion price or redeem the Unsecured Note for cash.

Answer: 2712.0


Question: What is the total amount of the top 2 categories of accrued liabilities in 2019, if Other accrued expenses made up $1,000 thousand? (in thousand)

def solution():
    # Define variables name and value
    advances = 500
    other_accrued_expenses = 1000

    # Do math calculation to get the answer
    answer = advances + other_accrued_expenses

    return answer

||2019|2018|
|Advances|500|-|
|Board compensation|413|413|
|Other accrued expenses|168|150|
||$1,081|$563|
 7. ACCRUED LIABILITIES Other accrued expenses consisted of the following at December 31, 2019 and 2018 (in thousands): Advances are amounts received from litigation counsel as advanced reimbursement of out-of-pocket expenses expected to be incurred by us. Board compensation of $0.4 million at December 31, 2019 and 2018 represents accrued and unpaid board and committee fees from prior periods. In the first quarter of 2020, current and prior board members agreed to waive unpaid cash fees in exchange for share-based compensation awards with an aggregate grant-date fair value of approximately $0.1 million (see Note 18).

Answer: 1500.0


Question: What would be the change in total consideration between 2019 and 2018 if 2019 total decreases by 10 million? (in million)

def solution():
    # Define variables name and value
    total_consideration_2019 = 1957
    total_consideration_2018 = 1314
    decrease_amount = 10

    # Do math calculation to get the answer
    answer = (total_consideration_2019 - decrease_amount) - total_consideration_2018

    return answer

|Acquisitions 2017–2019||||
||2019|2018|2017|
|Total consideration, including cash|1,957|1,314|62|
|Net assets acquired||||
|Cash and cash equivalents|142|94|–|
|Property, plant and equipment|353|4|12|
|Intangible assets|497|481|101|
|Investments in associates|101|64|–|
|Other assets|1,357|254|1|
|Provisions, incl. post-employment benefits|–102|–|–|
|Other liabilities|–743|–494|25|
|Total identifiable net assets|1,605|403|139|
|Costs recognized in net income|153|–|–|
|Goodwill|199|911|–77|
|Total|1,957|1,314|62|
|Acquisition-related costs 1)|85|24|49|
 Acquisitions and divestments
Acquisitions In 2019, Ericsson made acquisitions with a negative cash flow effect amounting to SEK 1,815 (1,220) million. The acquisitions presented below are not material, but the Company gives the information to provide the reader a summarized view of the content of the acquisitions made. The acquisitions consist primarily of: Kathrein: On October 2, 2019, the Company acquired assets from Kathrein, a world leading provider of antenna and filter technologies with approximately 4,000 employees. Kathrein’s antenna and filters business has a strong R&D organization with extensive experience in antenna design and research, coupled with a strong IPR portfolio. In addition to broadening Ericsson’s portfolio of antenna and filter products, the acquisition will bring vital competence for the evolution of advanced radio network products. The acquired Kathrein business has had a negative impact of SEK –0.5 billion since the acquisition, corresponding to –1 percentage point in Networks operating margin. Balances to facilitate the Purchase price allocation are preliminary. CSF: On August 20, 2019, the Company acquired 100% of the shares in CSF Holdings Inc. a US-based technology company with approximately 25 employees. CSF strengthens iconectiv’s Business to Consumer (B2C) product platforms to enable growth in messaging and Toll-Free Number (TFN) management. Balances to facilitate the Purchase price allocation are final. ST-Ericsson: Before ST-Ericsson was a joint venture where Ericsson and ST Microelectronics had a 50/50 ownership. This joint venture consisted of a number of legal entities where the two parties owned different stakes in the different legal entities. In December 2019 the Company initiated transactions to wind-down the legal structure of ST-Ericsson by acquiring the remaining shares in two legal ST-Ericsson entities and costs of SEK –0.3 billion impacted the result. The Company now owns 100% of the shares in those entities. In order to finalize a Purchase price allocation all relevant information needs to be in place. Examples of such information are final consideration and final opening balances, they may remain preliminary for a period of time due
to for example adjustments of working capital, tax items or decisions from local authorities. 1) Acquisition-related costs are included in Selling and administrative expenses in the consolidated income statement.

Answer: 633.0


Question: What would the current ratio be in 2019 if the current assets in 2019 was 80,000 thousand instead?

def solution():
    # Define variables name and value
    current_assets = 80000
    current_liabilities = 34555

    # Do math calculation to get the answer
    answer = current_assets / current_liabilities

    return answer

|FINANCIAL PERFORMANCE SUMMARY|2019  $’000|2018  $’000 RESTATED|CHANGE|
|Current assets|75,460|91,457|(18%)|
|Non-current assets|150,607|147,234|2%|
|Total assets|226,067|238,691|(5%)|
|Current liabilities|34,555|43,336|(20%)|
|Non-current liabilities|34,348|31,418|9%|
|Total liabilities|68,903|74,754|(8%)|
|Net assets|157,164|163,937|(4%)|
|Equity|157,164|163,937|(4%)|
 Statement of financial position Net assets have decreased to $157,164,000 at 30 June 2019 from $163,937,000 at 30 June 2018. Current assets have decreased from 30 June 2018 by 18% to $75,460,000. This is driven by a reduction in cash assets, a result of continued investment in technology and further investment in iMoney. The current component of the trail commission asset is $25,626,000, which increased by 16% since 30 June 2018. Non-current assets have increased from 30 June 2018 by 2% to $150,607,000 which is largely due to higher non-current trail commission asset partially offset by capital asset writeoffs and Home Loans Goodwill impairment. The non-current component of the trail commission asset is $88,452,000 which increased by 9% since 30 June 2018, mainly due to sales volume and partner mix. Current liabilities decreased from 30 June 2018 to 30 June 2019 by 20% to $34,555,000 primarily due to payments to suppliers in addition to trade related payable balances post 30 June 2018. Non-current liabilities have increased by 9% ending on $34,348,000. This relates to an increase in lease liabilities and deferred tax liabilities.

Answer: 2.315149761250181


Question: If the Consolidated in 2019 increased to 179,893 what is the revised increase / (decrease)? (in thousand)

def solution():
    # Define variables name and value
    consolidated_2019 = 179893
    consolidated_2018 = 162319

    # Do math calculation to get the answer
    answer = consolidated_2019 - consolidated_2018

    return answer

|Three months ended August 31,|2019|2018|Change|Change in constant currency(2)|
|(in thousands of dollars, except percentages)|$|$|%|%|
|Canadian broadband services|79,132|89,405|(11.5)|(11.7)|
|Capital intensity|24.7%|28.0%|||
|American broadband services|65,967|72,914|(9.5)|(10.5)|
|Capital intensity|25.0%|29.6%|||
|Consolidated|145,099|162,319|(10.6)|(11.2)|
|Capital intensity|24.9%|28.7%|||
 ACQUISITIONS OF PROPERTY, PLANT AND EQUIPMENT The acquisitions of property, plant and equipment as well as the capital intensity per operating segment are as follows: (1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy. For further details, please consult the "Accounting policies" section. (2) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN. Fiscal 2019 fourth-quarter acquisitions of property, plant and equipment decreased by 10.6% (11.2% in constant currency) mainly due to lower capital expenditures in the Canadian and American broadband services segments. Fiscal 2019 fourth-quarter capital intensity reached 24.9% compared to 28.7% for the same period of the prior year mainly as a result of lower capital capital expenditures combined with higher revenue.

Answer: 17574.0


Question: What would be the change in comprehensive income between 2018 and 2019 if comprehensive income in 2019 was $70,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    comprehensive_income_2019 = 70000
    comprehensive_income_2018 = 53660

    # Do math calculation to get the answer
    answer = comprehensive_income_2019 - comprehensive_income_2018

    return answer

|||Years Ended December 31,||
||2019|2018|2017|
|Net income|$67,062|$68,921|$5,135|
|Other comprehensive income (loss):||||
|Foreign currency translation adjustments|1,034|-15,261|16,744|
|Total other comprehensive income (loss)|1,034|(15,261 )|16,744|
|Comprehensive income|$68,096|$53,660|$21,879|
 ACI WORLDWIDE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands) The accompanying notes are an integral part of the consolidated financial statements.

Answer: 16340.0


Question: What would be the percentage change in nonvested RSUs between 2018 and 2019 if nonvested RSUs in 2019 was 1,100,000 instead? (in percent)

def solution():
    # Define variables name and value
    nonvested_2018 = 651045
    nonvested_2019_modified = 1100000

    # Do math calculation to get the answer
    answer = ((nonvested_2019_modified - nonvested_2018) / nonvested_2018) * 100

    return answer

||Number of Shares|Weighted Average Grant Date Fair Value|
|Nonvested as of December 31, 2018|651,045|$23.82|
|Granted|742,579|33.28|
|Vested|-259,634|24.16|
|Forfeited|-124,586|29.79|
|Nonvested as of December 31, 2019|1,009,404|$ 29.96|
 Restricted Share Units During the year ended December 31, 2019, pursuant to the 2016 Incentive Plan, the Company granted restricted share unit awards (“RSUs”). RSUs generally have requisite service periods of three years and vest in increments of 33% on the anniversary of the grant dates. RSUs granted to our board vest one year from grant or as of the next annual shareholders meeting, whichever is earlier. Under each arrangement, RSUs are issued without direct cost to the employee on the vesting date. The Company estimates the fair value of the RSUs based upon the market price of the Company’s stock at the date of grant. The Company recognizes compensation expense for RSUs on a straight-line basis over the requisite service period. A summary of nonvested RSUs is as follows: During the year ended December 31, 2019, a total of 259,634 RSUs vested. The Company withheld 57,802 of those shares to pay the employees’ portion of the minimum payroll withholding taxes. As of December 31, 2019, there was unrecognized compensation expense of $20.5 million related to RSUs, $15.0 million related to TSRs, $0.5 million related to LTIP performance shares, $0.3 million related to nonvested RSAs, and $0.2 million related to nonvested stock options, which the Company expects to recognize over weighted average periods of 1.9 years, 1.9 years, 0.1 years, 0.2 years, and 0.3 years, respectively. The Company recorded stock-based compensation expense recognized under ASC 718 during the years ended December 31, 2019, 2018, and 2017, of $36.8 million, $20.4 million, and $13.7 million, respectively, with corresponding tax benefits of $5.9 million, $3.9 million, and $1.7 million, respectively. The Company recognizes compensation expense for stock option awards that vest with only service conditions on a straight-line basis over the requisite service period. The Company recognizes compensation expense for stock option awards that vest with service and market-based conditions on a straight-line basis over the longer of the requisite service period or the estimated period to meet the defined market-based condition.

Answer: 68.95913492922917


Question: If the Japanese Yen Buy position in 2019 increased to 51.4 million, what would be the revised change from December 31, 2018 to 2019? (in million)

def solution():
    # Define variables name and value
    japanese_yen_buy_2019 = 51.4
    japanese_yen_buy_2018 = 29.9

    # Do math calculation to get the answer
    answer = japanese_yen_buy_2019 - japanese_yen_buy_2018

    return answer

|||As of December 31,|||
||2019||2018||
||Buy (Sell)|Notional Amount|Buy (Sell)| Notional Amount|
|Japanese Yen|$49.8|$49.8|$29.9|$29.9|
|Philippine Peso|36.4|36.4|30.1|30.1|
|Malaysian Ringgit|20.4|20.4|—|—|
|Chinese Yuan|20.2|20.2|20.4|20.4|
|Korean Won|18.1|18.1|20.8|20.8|
|Czech Koruna|11.9|11.9|9.2|9.2|
|Euro|—|—|13.1|13.1|
|Other currencies - Buy|21.9|21.9|26.3|26.3|
|Other currencies - Sell|(4.6)|4.6|(7.5)|7.5|
||$174.1|$183.3|$142.3|$157.3|
 Foreign Currencies As a multinational business, the Company's transactions are denominated in a variety of currencies. When appropriate, the Company uses forward foreign currency contracts to reduce its overall exposure to the effects of currency fluctuations on its results of operations and cash flows. The Company's policy prohibits trading in currencies for which there are no underlying exposures and entering into trades for any currency to intentionally increase the underlying exposure. The Company primarily hedges existing assets and liabilities associated with transactions currently on its balance sheet, which are undesignated hedges for accounting purposes. As of December 31, 2019 and 2018, the Company had net outstanding foreign exchange contracts with net notional amounts of $183.3 million and $157.3 million, respectively. Such contracts were obtained through financial institutions and were scheduled to mature within one to three months from the time of purchase. Management believes that these financial instruments should not subject the Company to increased risks from foreign exchange movements because gains and losses on these contracts should offset losses and gains on the underlying assets, liabilities and transactions to which they are related. The following schedule summarizes the Company's net foreign exchange positions in U.S. dollars (in millions): Amounts receivable or payable under the contracts are included in other current assets or accrued expenses in the accompanying Consolidated Balance Sheets. For the years ended December 31, 2019, 2018 and 2017, realized and unrealized foreign currency transactions totaled a loss of $5.0 million, $8.0 million and $6.3 million, respectively. The realized and unrealized foreign currency transactions are included in other income and expenses in the Company's Consolidated Statements of Operations and Comprehensive Income.

Answer: 21.5


Question: What would be the average number of basic weighted average common shares in 2017 and 2018 if the number of shares in 2017 is doubled 2 ?

def solution():
    # Define variables name and value
    shares_2017 = 44_855_263
    shares_2018 = 45_280_161

    # Double the number of shares in 2017
    shares_2017_doubled = shares_2017 * 2

    # Calculate the average number of basic weighted average common shares in 2017 and 2018
    answer = (shares_2017_doubled + shares_2018) / 2

    return answer

||Year Ended December 31, 2019|Year Ended December 31, 2018|Year Ended December 31, 2017|
|Weighted average common shares—basic|45,542,315|45,280,161|44,855,263|
|Dilutive effect of stock options|32,222|33,134|31,534|
|Dilutive effect of restricted stock|505,858|467,659|297,406|
||46,080,395|45,780,954|45,184,203|
 1. Description of the business and summary of significant accounting policies: (Continued) Shares of restricted stock are included in the computation of basic EPS as they vest and are included in diluted EPS, to the extent they are dilutive, determined using the treasury stock method. The following details the determination of the diluted weighted average shares:

Answer: 67495343.5


Question: What would be the percentage change in Sales and marketing between 2017 and 2018 if sales and marketing in 2019 was $10,000 thousand instead? (in percent)

def solution():
    # Define variables name and value
    sales_and_marketing_2019 = 10000
    sales_and_marketing_2017 = 4253

    # Do math calculation to get the answer
    percentage_change = ((sales_and_marketing_2019 - sales_and_marketing_2017) / sales_and_marketing_2017) * 100

    return percentage_change

|||Year Ended||
||June 30,
2019|June 30,
2018|June 30,
2017|
|Cost of product revenue |$844|$564|$333|
|Cost of service revenue|1,639|1,131|589|
|Research and development  |10,443|7,642|3,312|
|Sales and marketing  |11,747|9,843|4,253|
|General and administrative  |8,224|8,453|4,146|
|Total share-based compensation expense |$32,897|$27,633|$12,633|
 Share Based Compensation Expense Share-based compensation expense recognized in the financial statements by line item caption is as follows (in thousands): The amount of share-based compensation expense capitalized in inventory has been immaterial for each of the periods presented.

Answer: 135.12814483893723


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

def solution():
    # Define variables name and value
    operating_costs_2019 = -7000
    operating_costs_2018 = -6946

    # Do math calculation to get the answer
    answer = operating_costs_2019 + operating_costs_2018

    return answer

||2019|2018|$ CHANGE|% CHANGE|
|Operating costs|(6,942)|(6,946)|4|0.1%|
|Adjusted EBITDA|5,414|5,321|93|1.7%|
|Adjusted EBITDA margin|43.8%|43.4%||0.4 pts|
 OPERATING COSTS AND ADJUSTED EBITDA Bell Wireline operating costs were essentially stable year over year, decreasing by 0.1% in 2019, compared to 2018, resulting from: • The favourable impact from the adoption of IFRS 16 in 2019 • Continued effective cost containment • Lower pension expenses reflecting reduced DB costs These factors were partly offset by: • Higher cost of goods sold related to the growth in product sales • Increased costs from the acquisition of Axia • Greater payments to other carriers from increased sales of international wholesale long distance minutes Bell Wireline adjusted EBITDA grew by 1.7% in 2019, compared to last year, reflecting the growth in revenues as operating expenses were relatively stable year over year. Adjusted EBITDA margin increased to 43.8% in 2019, compared to the 43.4% achieved last year, resulting from the favourable impact of the adoption of IFRS 16 in 2019 and the flow-through of the service revenue growth, offset in part by higher low-margin product sales in our total revenue base.

Answer: -13946.0


Question: What would the sum of Inter-segment eliminations in 2018 and 2019 be if the amount for 2019 is 750?

def solution():
    # Define variables name and value
    inter_segment_eliminations_2019 = 750
    inter_segment_eliminations_2018 = 738

    # Do the math calculation to get the answer
    answer = inter_segment_eliminations_2019 + inter_segment_eliminations_2018

    return answer

||2019|2018|$ CHANGE|% CHANGE|
|Bell Wireless|(5,300)|(5,297)|(3)|(0.1%)|
|Bell Wireline|(6,942)|(6,946)|4|0.1%|
|Bell Media|(2,367)|(2,428)|61|2.5%|
|Inter-segment eliminations|751|738|13|1.8%|
|Total BCE operating costs|(13,858)|(13,933)|75|0.5%|
 4.4 Operating costs Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers. Labour costs (net of capitalized costs) include wages, salaries and related taxes and benefits, post-employment benefit plans service cost, and other labour costs, including contractor and outsourcing costs Other operating costs include marketing, advertising and sales commission costs, bad debt expense, taxes other than income taxes, IT costs, professional service fees and rent BCE Total BCE operating costs declined by 0.5% in 2019, compared to last year, driven by reduced costs in Bell Media of 2.5%, while costs in Bell Wireless and Bell Wireline remained relatively stable year over year. These results reflected the benefit from the adoption of IFRS 16 in 2019.

Answer: 1488.0


Question: What would be the change in the Long-term pension obligations between 2018 and 2019 if the Long-term pension obligations in 2019 was -$4,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    long_term_pension_obligations_2019 = -4000
    long_term_pension_obligations_2018 = -4188

    # Do math calculation to get the answer
    answer = long_term_pension_obligations_2019 - long_term_pension_obligations_2018

    return answer

||Post-Retirement Life Insurance Plan||
||2019|2018|
|Accrued expenses and other liabilities|$(393)|$(407)|
|Long-term pension obligations|(4,373)|(4,188)|
|Total accrued cost|$(4,766)|$(4,595)|
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) The components of the accrued cost of the post-retirement life insurance plan are classified in the following lines in the Consolidated Balance Sheets at December 31:

Answer: 188.0


Question: For fair value, what would be the percentage constitution of customer relationships among the total intangible assets subject to amortization if the fair value of customer relationships was $30,000 thousand instead? (in percent)

def solution():
    # Define variables name and value
    customer_relationships = 30000
    total_intangible_assets = 52900
    original_customer_relationships = 16900

    # Do math calculation to get the answer
    answer = (customer_relationships / (total_intangible_assets + (customer_relationships - original_customer_relationships))) * 100

    return answer

||Fair Value|Useful Life|
||(U.S. $ in thousands)|(years)|
|Developed technology|$34,600|5|
|Customer relationships|16,900|7|
|Backlog|1,400|3|
|Total intangible assets subject to amortization|$52,900||
 The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition. The amount recorded for developed technology represents the estimated fair value of AgileCraft’s enterprise agile planning technology. The amount recorded for customer relationships represents the fair value of the underlying relationships with AgileCraft’s customers. The amount recorded for backlog represents the fair value of AgileCraft’s backlog as of acquisition date.

Answer: 45.45454545454545


Question: What would be the change in the Returns reserves between 2018 and 2019 if the returns reserves in 2019 was -$500 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    returns_reserves_2019 = -500
    returns_reserves_2018 = -131

    # Do math calculation to get the answer
    answer = returns_reserves_2019 - returns_reserves_2018

    return answer

||March 31,||
|(amounts in thousands)|2019|2018|
|Accounts receivable:|||
|Trade|$176,715|$166,459|
|Allowance for doubtful accounts reserve|(1,206)|(1,210)|
|Ship-from-stock and debit (“SFSD”) reserve|(18,862)|(17,362)|
|Returns reserves (1)|(964)|(131)|
|Rebates reserves|(967)|(446)|
|Price protection reserves|(657)|(420)|
|Other|—|(329)|
|Accounts receivable, net (1)|$154,059|$146,561|
 Note 13: Supplemental Balance Sheets and Statements of Operations Detail (1) Fiscal year ended March 31, 2018 adjusted due to the adoption of ASC 606.

Answer: -369.0


Question: What would be the percentage change in revenue from 2018 to 2019 if the value in 2019 was $8,000 thousand instead? (in percent)

def solution():
    # Define variables name and value
    revenue_2018 = 7859
    revenue_2019_modified = 8000

    # Do math calculation to get the answer
    answer = (revenue_2019_modified - revenue_2018) / revenue_2018 * 100

    return answer

|Year Ended December 31,|||
||2019|2018|
|(In thousands)|||
|Revenues|$6,490|$7,859|
|(Loss) from operations|$(7,488)|$(6,322)|
|(Loss) from operations as a % of revenues|(115)%|(80)%|
 Asia Pacific Asia Pacific net revenues decreased $1.4 million in 2019 compared to 2018 (see “Revenues” above). Asia Pacific expenses decreased $203,000 from 2018 to 2019. This decrease was primarily due to a $503,000 decrease of salary expense, offset partially by a $303,000 increase in member acquisition costs. Foreign currency movements relative to the U.S. dollar negatively impacted our local currency loss from our operations in Asia Pacific by approximately $136,000 for 2019. Foreign currency movements relative to the U.S. dollar positively impacted our local currency loss from our operations in Asia Pacific by approximately $127,000 for 2018.

Answer: 1.794121389489757


Question: What would be the average subtotal cost of property and equipment that the Company owned from 2018 to 2019 if the subtotal cost of property and equipment in 2018 was $300,000?

def solution():
    # Define variables name and value
    subtotal_cost_2019 = 324930
    subtotal_cost_2018 = 300000

    # Do math calculation to get the answer
    answer = (subtotal_cost_2019 + subtotal_cost_2018) / 2

    return answer

||2019|2018|
|Computer equipment|$137,763|$94,384|
|Furniture and fixtures|187,167|159,648|
|Subtotal|324,930|254,032|
|Less accumulated depreciation|148,916|104,702|
|Property and equipment, net|$176,014|$149,330|
 NOTE 5 – PROPERTY AND EQUIPMENT The Company owned equipment recorded at cost, which consisted of the following as of December 31, 2019 and 2018: Depreciation expense was $80,206 and $58,423 for the years ended December 31, 2019 and 2018, respectively

Answer: 312465.0


Question: If the goodwill of Analog, MEMS & Sensors Group (AMS) is increased to 9 million, what is the revised average? (in million)

def solution():
    # Define variables name and value
    new_goodwill = 9
    initial_total_goodwill = 121

    # Do math calculation to get the answer
    answer = (initial_total_goodwill + new_goodwill) / 2

    return answer

||Automotive and Discrete Group (ADG)|Microcontrollers and Digital ICs Group (MDG)|Analog, MEMS & Sensors Group AMS)|Total|
|December 31, 2017|—|121|2|123|
|Foreign currency translation|—|(2)|—|(2)|
|December 31, 2018|—|119|2|121|
|Business combination|43|—|—|43|
|Foreign currency translation|—|(2)|—|(2)|
|December 31, 2019|43|117|2|162|
 As described in Note 7, the acquisition of Norstel resulted in the recognition of $43 million in goodwill which has been included in the ADG segment to align the goodwill of the acquired Company with the segment under which the related activities will be reported. As of the end of the third quarters of 2019 and 2018, the Company performed its annual impairment test. The Company did not elect to perform a qualitative assessment. The impairment test was conducted following a two-step process. In the first step, the Company compared the fair value of the reporting units tested to their carrying value. Based upon the first step of the goodwill impairment test, no impairment was recorded since the fair value of the reporting units exceeded their carrying value. Goodwill as at December 31, 2019 and 2018 is net of accumulated impairment losses of $102 million, of which $96 million relates to the MDG segment and $6 million to Others. In 2019, 2018 and 2017, no impairment loss was recorded by the Company.

Answer: 65.0


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

def solution():
    # Define variables name and value
    operating_revenues_september = 1785.5
    operating_revenues_december = 2000

    # Do math calculation to get the answer
    answer = ((operating_revenues_december - operating_revenues_september) / operating_revenues_september) * 100

    return answer

|||Three Months Ended||||
||March 31,|June 30,|September 30,|December 31,|Year Ended December 31,|
|2018:||||||
|Operating revenues|$1,741.8|$1,780.9|$1,785.5|$2,131.9|$7,440.1|
|Costs of operations (1)|519.9|560.3|556.7|540.9|2,177.8|
|Operating income|402.9|546.0|567.2|388.9|1,905.0|
|Net income|280.3|314.4|377.3|292.7|1,264.7|
|Net income attributable to American Tower Corporation stockholders|285.2|306.7|366.9|277.6|1,236.4|
|Dividends on preferred stock|(9.4)|—|—|—|(9.4)|
|Net income attributable to American Tower Corporation common stockholders|275.8|306.7|366.9|277.6|1,227.0|
|Basic net income per share attributable to American Tower Corporation common stockholders|0.63|0.69|0.83|0.63|2.79|
|Diluted net income per share attributable to American Tower Corporation common stockholders|0.63|0.69|0.83|0.62|2.77|
 AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 23. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Selected quarterly financial data for the years ended December 31, 2019 and 2018 is as follows (in millions, except per share data): (1) Represents Operating expenses, exclusive of Depreciation, amortization and accretion, Selling, general, administrative and development expense, and Other operating expenses.

Answer: 12.01344161299356


Question: What would be the average risk-free interest rate used in 2018 and 2019 if the value in 2019 decreased by 0.50%? (in percent)

def solution():
    # Define variables name and value
    risk_free_interest_rate_2019 = 2.1
    risk_free_interest_rate_2018 = 2.84
    decrease_percent = 0.5

    # Do math calculation to get the answer
    answer = (risk_free_interest_rate_2019 - decrease_percent + risk_free_interest_rate_2018) / 2

    return answer

||2019|2018|
|Weighted-average fair value of options granted per share|$8.78|$6.63|
|Historical volatility|60%|46%|
|Risk-free interest rate|2.10%|2.84%|
|Dividend yield|—|—|
|Expected life in years|3.6|5.7|
 The Company utilized the Black-Scholes option pricing model to value the stock options. The Company used an expected life as defined under the simplified method, which is using an average of the contractual term and vesting period of the stock options. The risk-free interest rate used for the award is based on the U.S. Treasury yield curve in effect at the time of grant. The Company accounted for forfeitures as they occur. The historical volatility was calculated based upon implied volatility of the Company's historical stock prices. The fair value of 2019 and 2018 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions: As of December 31, 2019, there was approximately $419,000 of unrecognized stock-based compensation expense related to outstanding 2019 stock options, expected to be recognized over 3.4 and approximately $418,000 of unrecognized stock-based compensation expense related to outstanding 2018 stock options, expected to be recognized over 2.4 years. There was no unrecognized stock-based compensation expense relating stock options granted prior to 2018.

Answer: 2.2199999999999998


Question: What would be the average cash, cash equivalents and marketable securities for 2018 and 2019 if cash, cash equivalents and marketable securities as at 2018 year end was $2,100,000 thousands)? (in thousand)

def solution():
    # Define variables name and value
    cash_equivalents_2019 = 2455194
    cash_equivalents_2018 = 2100000

    # Do math calculation to get the answer
    answer = (cash_equivalents_2019 + cash_equivalents_2018) / 2

    return answer

||December 31, 2019|December 31, 2018|
||(in thousands)||
|Cash, cash equivalents and marketable securities|$2,455,194|$1,969,670|
|Total assets|3,489,479|2,254,785|
|Total liabilities|473,745|164,017|
|Total non-current liabilities|157,363|25,329|
 Key Balance Sheet Information Total assets increased $1,234.7 million as at December 31, 2019 compared to December 31, 2018, principally due to a $485.5 million increase in cash, cash equivalents and marketable securities mainly as a result of the public offering in September 2019, which resulted in net proceeds of $688.0 million. Business acquisitions during the year, largely due to the acquisition of 6RS, further impacted total assets through an increase in goodwill of $273.8 million, a $141.2 million increase in intangible assets and a resulting decrease in cash due to the consideration paid. The remainder of the increase is due to: the adoption of the new lease accounting standard, further discussed in the "Critical Accounting Policies and Estimates" section below, which resulted in the addition of right-of-use assets totaling $134.8 million as at December 31, 2019; a $58.3 million increase in merchant cash advances and loans receivable; a $49.8 million increase in property and equipment, largely related to leaseholds for our offices; a $49.2 million increase in trade and other receivables largely due to an increase in indirect taxes receivable, unbilled revenue related to subscription fees for Plus merchants, transaction fees and shipping charges; and a $19.4 million increase in deferred tax assets. Total liabilities increased by $309.7 million, principally as a result of the adoption of the new leasing standard, which resulted in $126.8 million of additional lease liabilities related to obtaining right-of-use assets. Accounts payable and accrued liabilities increased by $84.2 million, which was due to an increase in indirect taxes payable, payroll liabilities, and payment processing and interchange fees, partly offset by a decrease in foreign exchange forward contract liabilities. The increase was also due to income taxes payable of $69.4 million driven largely by the one-time capital gain recognized in the period. Deferred tax liabilities increased by $7.6 million, due to the acquisition of 6RS. The growth in sales of our subscription solutions offering, along with the acquisition of 6RS, resulted in an increase of deferred revenue of $21.6 million.

Answer: 2277597.0


Question: What would be the percentage change in the Balance at End of Year between 2018 and 2019 if the Balance at End of Year in 2019 was $500 million instead? (in percent)

def solution():
    # Define variables name and value
    balance_2018 = 204.5
    balance_2019_modified = 500

    # Do math calculation to get the answer
    answer = (balance_2019_modified - balance_2018) / balance_2018 * 100

    return answer

||Balance at Beginning of Year|Additions Charged to Costs and Expenses|Additions Charged to Other Accounts|Deductions|Balance at End of Year|
|Valuation allowance for deferred tax assets:||||||
|Fiscal 2019|$204.5|$16.2|$175.8|$(64.4)|$332.1|
|Fiscal 2018|$210.1|$36.2|$—|$(41.8)|$204.5|
|Fiscal 2017|$161.8|$15.2|$37.6|$(4.5)|$210.1|
 Note 22. Supplemental Financial Information Cash paid for income taxes amounted to $77.6 million, $25.9 million and $48.4 million during fiscal 2019, 2018 and 2017, respectively. Cash paid for interest on borrowings amounted to $347.9 million, $85.3 million and $82.5 million during fiscal 2019, 2018 and 2017, respectively. A summary of additions and deductions related to the valuation allowance for deferred tax asset accounts for the years ended March 31, 2019, 2018 and 2017 follows (amounts in millions):

Answer: 144.49877750611248


Question: What would be the change in the amount of research and development between 2018 and 2019 if the amount of research and development in 2018 was $10,000 thousand instead? (in thousand)

def solution():
    # Define variables name and value
    research_and_development_2019 = 12054
    research_and_development_2018 = 10000

    # Do math calculation to get the answer
    answer = research_and_development_2019 - research_and_development_2018

    return answer

||||Year Ended December 31,|||
||2019|2018|2017|2016|2015|
|Stock-based compensation expense data:||||||
|Sales and marketing|$2,075|$1,196|$561|$536|$372|
|General and administrative|6,474|4,901|2,638|1,430|2,486|
|Research and development|12,054|7,332|4,214|2,035|1,266|
|Total stock-based compensation expense|$20,603|$13,429|$7,413|$4,001|$4,124|
 ITEM 6. SELECTED FINANCIAL DATA The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data). Information about prior period acquisitions that may affect the comparability of the selected financial information presented below is included in Item 1. Business. Information about the $28.0 million expense recorded in general and administrative expense in 2018, which relates to the agreement reached to settle the legal matter alleging violations of the Telephone Consumer Protection Act, or TCPA, and may affect the comparability of the selected financial information presented below, is disclosed in Item 3. “Legal Proceedings.” Information about the $1.7 million of interest recorded within interest income and the $6.9 million of gain recorded within other income, net, in 2019, which relates to promissory note proceeds received from one of our hardware suppliers and proceeds from an acquired promissory note, and may affect the comparability of the selected financial information presented below, is disclosed in Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations." Certain previously reported amounts in the consolidated statements of operations for the years ended December 31, 2018, 2017, 2016 and 2015 have been reclassified to conform to our current presentation to reflect interest income as a separate line item, which was previously included in other income, net.

Answer: 2054.0


Question: Given that the amount of stock-based compensation in 2019 was 810 million instead, what was the percentage of expenses that went towards it in 2019? (in percent)

def solution():
    # Define variables name and value
    stock_based_compensation = 810
    research_and_development = 5063

    # Do math calculation to get the answer
    answer = (stock_based_compensation / (stock_based_compensation + research_and_development)) * 100

    return answer

|Year Ended May 31,|||||
||||Percent Change||
|(Dollars in millions)|2019|Actual|Constant|2018|
|Research and development (1)|$5,063|-2%|0%|$5,163|
|Stock-based compensation|963|5%|5%|921|
|Total expenses|$6,026|-1%|0%|$6,084|
|% of Total Revenues|15%|||15%|
 Research and Development Expenses: research and development expenses consist primarily of personnel related expenditures. We intend to continue to invest significantly in our research and development efforts because, in our judgment, they are essential to maintaining our competitive position. (1) Excluding stock-based compensation On a constant currency basis, total research and development expenses were flat in fiscal 2019, as lower employee related expenses including lower variable compensation were offset by an increase in stock-based compensation expenses .

Answer: 13.791929167376127


Question: What was the percentage change in balance as of December 31 between 2018 and 2019 if balance as of December 31, 2019 was $400 million instead? (in percent)

def solution():
    # Define variables name and value
    balance_2019 = 400
    balance_2018 = 282.4

    # Do math calculation to get the answer
    answer = (balance_2019 - balance_2018) / balance_2018 * 100

    return answer

|||Year Ended December 31,||
||2019|2018|2017|
|Balance as of January 1,|$282.4|$131.0|$45.9|
|Current year increases|104.3|157.8|87.2|
|Write-offs, recoveries and other (1)|(223.4)|(6.4)|(2.1)|
|Balance as of December 31,|$163.3|$282.4|$131.0|
 AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) Accounts Receivable and Deferred Rent Asset—The Company derives the largest portion of its revenues and corresponding accounts receivable and the related deferred rent asset from a relatively small number of tenants in the telecommunications industry, and 54% of its current-year revenues are derived from four tenants. The Company’s deferred rent asset is associated with non-cancellable tenant leases that contain fixed escalation clauses over the terms of the applicable lease in which revenue is recognized on a straight-line basis over the lease term. The Company mitigates its concentrations of credit risk with respect to notes and trade receivables and the related deferred rent assets by actively monitoring the creditworthiness of its borrowers and tenants. In recognizing tenant revenue, the Company assesses the collectibility of both the amounts billed and the portion recognized in advance of billing on a straight-line basis. This assessment takes tenant credit risk and business and industry conditions into consideration to ultimately determine the collectibility of the amounts billed. To the extent the amounts, based on management’s estimates, may not be collectible, revenue recognition is deferred until such point as collectibility is determined to be reasonably assured. Any amounts that were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense included in Selling, general, administrative and development expense in the accompanying consolidated statements of operations. Accounts receivable is reported net of allowances for doubtful accounts related to estimated losses resulting from a tenant’s inability to make required payments and allowances for amounts invoiced whose collectibility is not reasonably assured. These allowances are generally estimated based on payment patterns, days past due and collection history, and incorporate changes in economic conditions that may not be reflected in historical trends, such as tenants in bankruptcy, liquidation or reorganization. Receivables are written-off against the allowances when they are determined to be uncollectible. Such determination includes analysis and consideration of the particular conditions of the account. Changes in the allowances were as follows: (1) In 2019, write-offs are primarily related to uncollectible amounts in India. In 2018 and 2017, recoveries include recognition of revenue resulting from collections of previously reserved amounts.

Answer: 41.643059490085


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

def solution():
    # Define variables name and value
    asia_sales_2019 = 2483
    asia_sales_2018 = 2133
    doubling_sales = 2
    additional_amount = 400

    # Do math calculation to get the answer
    answer = ((asia_sales_2019 * doubling_sales + additional_amount) - asia_sales_2018) / asia_sales_2018 * 100

    return answer

|2019|Americas|Europe|Asia|Total|% of total|
|||(Amounts in thousands)||||
|TS|$67,728|$3,285|$646|$71,159|90%|
|HPP|5,294|771|1,837|7,902|10%|
|Total|$72,522|$4,056|$2,483|$79,061|100%|
|% of total|92%|5%|3%|100%||
|2018||||||
|TS|$52,034|$9,059|$1,344|$62,437|86%|
|HPP|8,424|1,266|789|10,479|14%|
|Total|$60,458|$10,325|$2,133|$72,916|100%|
|% of total|83%|14%|3%|100%||
 The following table details the Company’s sales by operating segment for fiscal years ended September 30, 2019 and 2018. The Company’s sales by geographic area based on the location of where the products were shipped or services rendered are as follows: Substantially all Americas amounts are United States.

Answer: 151.57055789967183


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

def solution():
    # Define variables name and value
    fcf_2018 = 4.0
    fcf_2019_new = 10

    # Do math calculation to get the answer
    answer = (fcf_2019_new - fcf_2018) / fcf_2018 * 100

    return answer

||2019|2018|
|Cash flows provided by operating activities|$115.3|$66.8|
|Payments for property, plant and equipment|(90.6)|(62.8)|
|Free cash flow|24.7|4.0|
 Free Cash Flow. We define free cash flow ("FCF"), a non-GAAP financial measure, as cash flow provided by operations less capital expenditures. FCF was$ 24.7 million for fiscal 2019 compared to $4.0 million for fiscal 2018, an increase of $20.7 million. Non-GAAP financial measures, including FCF, are used for internal management assessments because such measures provide additional insight to investors into ongoing financial performance. In particular, we provide FCF because we believe it offers insight into the metrics that are driving management decisions. We view FCF as an important financial metric as it demonstrates our ability to generate cash and can allow us to pursue opportunities that enhance shareholder value. FCF is a non-GAAP financial measure that should be considered in addition to, not as a substitute for, measures of our financial performance prepared in accordance with GAAP. A reconciliation of FCF to our financial statements that were prepared using GAAP follows (in millions):

Answer: 150.0


Question: What would the change in net debt in 2019 from 2018 be if the amount in 2019 was 330.0 million instead? (in million)

def solution():
    # Define variables name and value
    net_debt_2019 = 330.0
    net_debt_2018 = 235.8

    # Do math calculation to get the answer
    answer = net_debt_2019 - net_debt_2018

    return answer

||2019|2018|
||£m|£m|
|Total equity|826.3|766.9|
|Net debt|334.1|235.8|
|Total invested capital|1,160.4|1,002.7|
|Average invested capital|1,081.6|992.9|
|Average invested capital (excluding IFRS 16)|1,061.2|992.9|
|Operating profit as reported under IFRS|245.0|299.1|
|Adjustments (see adjusted operating profit)|37.7|(34.2)|
|Adjusted operating profit|282.7|264.9|
|Taxation|(80.6)|(73.1)|
|Adjusted operating profit after tax|202.1|191.8|
|Adjusted operating profit after tax (excluding IFRS 16)|201.2|191.8|
|Return in invested capital|18.7%|19.3%|
|Return in invested capital (excluding IFRS 16)|19.0%|19.3%|
 Return on invested capital (ROIC) ROIC measures the after tax return on the total capital invested in the business. It is calculated as adjusted operating profit after tax divided by average invested capital. An analysis of the components is as follows:

Answer: 94.19999999999999


Question: What would be the percentage change in the total revenue from all segments between 2017 and 2018 if total revenue in 2018 was $50,000 million instead? (in percent)

def solution():
    # Define variables name and value
    total_revenue_2018 = 50000
    total_revenue_2017 = 35705

    # Do math calculation to get the answer
    answer = (total_revenue_2018 - total_revenue_2017) / total_revenue_2017 * 100

    return answer

|||Years Ended||2019 vs. 2018||
||July 27, 2019|July 28, 2018|July 29, 2017|Variance in Dollars|Variance in Percent|
|Product revenue:||||||
|Americas|$22,754|$21,088|$20,487|$1,666|8%|
|Percentage of product revenue|58.3%|57.5%|57.4%|||
|EMEA|10,246|9,671|9,369|575|6%|
|Percentage of product revenue|26.3%|26.3%|26.2%|||
|APJC|6,005|5,950|5,849|55|1%|
|Percentage of product revenue|15.4%|16.2%|16.4%|||
|Total|$39,005|$36,709|$35,705|$2,296|6%|
 Product Revenue by Segment The following table presents the breakdown of product revenue by segment (in millions, except percentages): Amounts may not sum and percentages may not recalculate due to rounding. Americas Product revenue in the Americas segment increased by 8%, driven by growth in the enterprise, public sector and commercial markets. These increases were partially offset by a product revenue decline in the service provider market. From a country perspective, product revenue increased by 9% in the United States, 26% in Mexico and 6% in Canada, partially offset by a product revenue decrease of 1% in Brazil. EMEA The increase in product revenue in the EMEA segment of 6% was driven by growth in the public sector and enterprise markets, partially offset by a decline in the service provider market. Product revenue in the commercial market was flat. Product revenue from emerging countries within EMEA increased by 9%, and product revenue for the remainder of the EMEA segment increased by 5%. APJC Product revenue in the APJC segment increased by 1%, driven by growth in the public sector and enterprise markets, partially offset by declines in the service provider and commercial markets. From a country perspective, product revenue increased by 9% in Japan and 5% in India, partially offset by a product revenue decrease of 16% in China.

Answer: 40.03640946646128


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

def solution():
    # Define variables name and value
    operating_income_2018 = 265.0
    operating_income_2017 = 200.0

    # Do calculation to get the change in operating income
    change_in_operating_income = operating_income_2018 - operating_income_2017

    return change_in_operating_income

|||Year ended December 31,||
||2019|2018|2017|
|Revenues|$1,177.2|$1,114.0|$1,051.6|
|Expenses:||||
|Operating expenses|646.0|625.4|569.5|
|Depreciation and amortization|236.2|217.0|206.5|
|Transition and integration costs|5.4|6.6|13.1|
|Total expenses|887.6|849.0|789.1|
|Operating income|289.6|265.0|262.5|
|Operating margin|24.6%|23.8%|25.0%|
|Interest expense, net|(63.5)|(51.7)|(57.5)|
|Other expense, net|(1.4)|(7.1)|(12.6)|
|Earnings before income taxes and equity in losses of unconsolidated affiliates|224.7|206.2|192.4|
|Income tax expense (benefit)|41.9|37.7|(61.8)|
|Earnings before equity in losses of unconsolidated affiliates|182.8|168.5|254.2|
|Equity in losses of unconsolidated affiliates, net of tax|(74.0)|—|—|
|Net earnings|$108.8|$168.5|$254.2|
|Earnings per share:||||
|Net earnings per share attributable to Black Knight common shareholders:||||
|Diluted|$0.73|$1.14|$1.47|
|Weighted average shares of common stock outstanding:||||
|Diluted|148.6|148.2|152.4|
 Results of Operations Consolidated Results of Operations The following tables present certain financial data for the periods indicated (dollars in millions):

Answer: 65.0


Question: What would be the total amount of cash in 2019 if the cash used in investing activities was $1,400 million? (in million)

def solution():
    # Define variables name and value
    operating_activities = 1461.8
    investing_activities = -1400
    financing_activities = 177.0

    # Do math calculation to get the answer
    answer = operating_activities + investing_activities + financing_activities

    return answer

||2019|2018|2017|
|Cash provided by/(used in):||||
|Operating activities|$ 1,461.8|$ 1,430.1|$ 1,234.5|
|Investing activities|(1,296.0)|(1,335.1)|(209.6)|
|Financing activities|177.0|(388.1)|(1,170.0)|
 FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES All currency amounts are in millions unless specified Selected cash flows for the years ended December 31, 2019, 2018 and 2017 are as follows: Operating activities—The growth in cash provided by operating activities in 2019 and in 2018 was primarily due to increased earnings net of non-cash expenses, partially offset by higher cash taxes paid in 2019, most notably cash taxes paid on the gain on sale of the Imaging businesses. Investing activities—Cash used in investing activities during 2019 was primarily for business acquisitions, most notably iPipeline and Foundry, partially offset by proceeds from the disposal of the Gatan business and the Imaging businesses. Cash used in investing activities during 2018 was primarily for business acquisitions, most notably PowerPlan. Financing activities—Cash provided by/(used in) financing activities in all periods presented was primarily debt repayments/ borrowings as well as dividends paid to stockholders. Cash provided by financing activities during 2019 was primarily from the issuance of $1.2 billion of senior notes partially offset by $865.0 of revolving debt repayments and to a lesser extent dividend payments. Cash used in financing activities during 2018 was primarily from the pay-down of revolving debt borrowings of $405.0, partially offset by the net issuance of senior notes of $200.0 and dividends paid to shareholders. Net working capital (current assets, excluding cash, less total current liabilities, excluding debt) was negative $505.4 at December 31, 2019 compared to negative $200.4 at December 31, 2018, due primarily to increased income taxes payable, deferred revenue, and the adoption of ASC 842, partially offset by increased accounts receivable. The increase in income taxes payable is due primarily to the approximately $200.0 of taxes incurred on the gain associated with the divestiture of Gatan. We expect to pay these taxes in the second quarter of 2020. The deferred revenue increase is due to a higher percentage of revenue from software and subscription-based services. Total debt excluding unamortized debt issuance costs was $5.3 billion at December 31, 2019 (35.9% of total capital) compared to $5.0 billion at December 31, 2018 (39.1% of total capital). Our increased total debt at December 31, 2019 compared to December 31, 2018 was due primarily to the issuance of $500.0 of 2.35% senior unsecured notes and $700.0 of 2.95% senior unsecured notes, partially offset by the pay-down of revolving debt borrowings of $865.0. On September 23, 2016, we entered into a five-year unsecured credit facility, as amended as of December 2, 2016 (the “2016 Facility”) with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of lenders, which replaced our previous unse- cured credit facility, dated as of July 27, 2012, as amended as of October 28, 2015 (the “2012 Facility”). The 2016 Facility comprises a five year $2.5 billion revolving credit facility, which includes availability of up to $150.0 for letters of credit. We may also, subject to compliance with specified conditions, request term loans or additional revolving credit commitments in an aggregate amount not to exceed $500.0. The 2016 Facility contains various affirmative and negative covenants which, among other things, limit our ability to incur new debt, enter into certain mergers and acquisitions, sell assets and grant liens, make restricted payments (including the payment of dividends on our common stock) and capital expenditures, or change our line of business. We also are subject to financial cove- nants which require us to limit our consolidated total leverage ratio and to maintain a consolidated interest coverage ratio. The most restrictive covenant is the consolidated total leverage ratio which is limited to 3.5 to 1. The 2016 Facility provides that the consolidated total leverage ratio may be increased, no more than twice during the term of the 2016 Facility, to 4.00 to 1 for a consecutive four quarter fiscal period per increase (or, for any portion of such four quarter fiscal period in which the maximum would be 4.25 to 1). In conjunction with the Deltek acquisition in December of 2016, we increased the maximum consolidated total leverage ratio covenant to 4.25 to 1 through June 30, 2017 and 4.00 to 1 through December 31, 2017. At December 31, 2019, we had $5.3 billion of senior unsecured notes and $0.0 of outstanding revolver borrowings. In addition, we had $7.7 of other debt in the form of finance leases and several smaller facilities that allow for borrowings or the issuance of letters of credit in foreign locations to support our non-U.S. businesses. We had $74.0 of outstanding letters of credit at December 31, 2019, of which $35.8 was covered by our lending group, thereby reducing our revolving credit capacity commensurately. We may redeem some or all of our senior secured notes at any time or from time to time, at 100% of their principal amount, plus a make-whole premium based on a spread to U.S. Treasury securities. We were in compliance with all debt covenants related to our credit facility throughout the years ended December 31, 2019 and 2018. See Note 8 of the Notes to Consolidated Financial Statements included in this Annual Report for additional information regarding our credit facility and senior notes. Cash and cash equivalents at our foreign subsidiaries at December 31, 2019 totaled $291.8 as compared to $339.0 at December 31, 2018, a decrease of 13.9%. The decrease was due primarily to the repatriation of $290.6 during the year and cash used in the acquisition of Foundry, partially offset by cash generated from foreign operations. We intend to repatriate substantially all historical and future earnings subject to the deemed repatriation tax. Capital expenditures of $52.7, $49.1 and $48.8 were incurred during 2019, 2018 and 2017, respectively. Capitalized software expenditures of $10.2, $9.5 and $10.8 were incurred during 2019, 2018 and 2017, respectively. Capital expenditures and capitalized software expenditures were relatively consistent in 2019 as compared to 2018 and 2017. In the future, we expect the aggregate of capital expenditures and capitalized software expenditures as a percentage of annual net revenues to be between 1.0% and 1.5%.

Answer: 238.79999999999995


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

def solution():
    # Define variables name and value
    adjusted_EBITDA_2019 = 5400
    adjusted_EBITDA_2018 = 5321

    # Do math calculation to get the answer
    answer = adjusted_EBITDA_2019 + adjusted_EBITDA_2018

    return answer

||2019|2018|$ CHANGE|% CHANGE|
|Operating costs|(6,942)|(6,946)|4|0.1%|
|Adjusted EBITDA|5,414|5,321|93|1.7%|
|Adjusted EBITDA margin|43.8%|43.4%||0.4 pts|
 OPERATING COSTS AND ADJUSTED EBITDA Bell Wireline operating costs were essentially stable year over year, decreasing by 0.1% in 2019, compared to 2018, resulting from: • The favourable impact from the adoption of IFRS 16 in 2019 • Continued effective cost containment • Lower pension expenses reflecting reduced DB costs These factors were partly offset by: • Higher cost of goods sold related to the growth in product sales • Increased costs from the acquisition of Axia • Greater payments to other carriers from increased sales of international wholesale long distance minutes Bell Wireline adjusted EBITDA grew by 1.7% in 2019, compared to last year, reflecting the growth in revenues as operating expenses were relatively stable year over year. Adjusted EBITDA margin increased to 43.8% in 2019, compared to the 43.4% achieved last year, resulting from the favourable impact of the adoption of IFRS 16 in 2019 and the flow-through of the service revenue growth, offset in part by higher low-margin product sales in our total revenue base.

Answer: 10721.0


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

def solution():
    # Define variables name and value
    promotion_and_advertising_expenses_2019 = 15000
    promotion_and_advertising_expenses_2018 = 19806

    # Do math calculation to get the answer
    answer = promotion_and_advertising_expenses_2019 - promotion_and_advertising_expenses_2018

    return answer

||2019|2018|
||RMB’Million|RMB’Million|
|Transaction costs (Note (a))|85,702|69,976|
|Employee benefits expenses (Note (b) and Note 13)|53,123|42,153|
|Content costs (excluding amortisation of intangible assets)|48,321|39,061|
|Amortisation of intangible assets (Note (c) and Note 20)|28,954|25,616|
|Bandwidth and server custody fees (excluding depreciation of right-of-use assets)|16,284|15,818|
|Depreciation of property, plant and equipment, investment properties and right-of-use assets (Note 16 and Note 18)|15,623|8,423|
|Promotion and advertising expenses|16,405|19,806|
|Travelling and entertainment expenses|1,773|1,450|
|Auditor’s remuneration|||
|– Audit and audit-related services|105|110|
|– Non-audit services|43|26|
 8 EXPENSES BY NATURE Note: (a) Transaction costs primarily consist of bank handling fees, channel and distribution costs. (b) During the year ended 31 December 2019, the Group incurred expenses for the purpose of research and development of approximately RMB30,387 million (2018: RMB22,936 million), which comprised employee benefits expenses of approximately RMB24,478 million (2018: RMB19,088 million). During the year ended 31 December 2019, employee benefits expenses included the share-based compensation expenses of approximately RMB10,500 million (2018: RMB7,900 million). No significant development expenses had been capitalised for the years ended 31 December 2019 and 2018. (c) Included the amortisation charges of intangible assets mainly in respect of media contents. During the year ended 31 December 2019, amortisation of intangible assets included the amortisation of intangible assets resulting from business combinations of approximately RMB1,051 million (2018: RMB524 million).

Answer: -4806.0