aveni-ai/aveni-bench-tat-qa huggingface dataset:
A. Selected Financial Data The following selecte The following selected historical financial information should be read in conjunction with our audited financial statements and related notes, which are included herein, together with Item 5. Operating and Financial Review and Prospects. The Statements of Operations data for each of the three years ended December 31, 2019, 2018 and 2017 and selected Balance Sheet data as of December 31, 2019 and 2018 have been derived from our audited financial statements included elsewhere in this document. The Statements of Operations financial information for each of the years ended December 31, 2016 and 2015 and selected balance sheet information as of December 31, 2017, 2016 and 2015 have been derived from our audited financial statements not included in this Annual Report on Form 20-F.

SELECTED CONSOLIDATED FINANCIAL DATA Year ended December 31,

All figures in thousands of USD except share data	2019	2018	2017	2016	2015

Voyage Revenues	317,220	289,016	297,141	357,451	445,738

Voyage Expenses	(141,770)	(165,012)	(142,465)	(125,987)	(158,656)

Vessel Operating Expense	(66,033)	(80,411)	(87,663)	(80,266)	(66,589)

General and Administrative Expenses	(13,481)	(12,727)	(12,575)	(12,296)	(9,790)

Depreciation Expenses	(63,965)	(60,695)	(100,669)	(90,889)	(82,610)

Impairment Loss on Vessel	-	(2,168)	(110,480)	-	-

Impairment Loss on Goodwill	-	-	(18,979)	-	-

Loss on Disposal of Vessels	-	(6,619)	-	-	-

Settlement Received	-	-	-	5,328	-

Net Operating (Loss) Income	31,971	(38,616)	(175,690)	53,341	128,093

Interest Income	298	334	347	215	114

Interest Expense	(38,390)	(34,549)	(20,464)	(11,170)	(10,855)

Other Financial (Expense)	(4,160)	(14,729)	(644)	(98)	(167)

Total Other Expenses	(42,252)	(48,944)	(20,761)	(11,053)	(10,908)

Income Tax Expense	(71)	(79)	(83)	(102)	(96)

(Loss) Gain on Equity Method Investment	-	(7,667)	(8,435)	(46,642)	(2,462)

Net (Loss) Income	(10,352)	(95,306)	(204,969)	(4,456)	114,627

Basic Earnings (Loss) per Share	(0.07)	(0.67)	(1.97)	(0.05)	1.29

Diluted Earnings (Loss) per Share	(0.07)	(0.67)	(1.97)	(0.05)	1.29

Cash Dividends Declared per Share	0.10	0.07	0.53	1.37	1.38

Basic Weighted Average Shares Outstanding	142,571,361	141,969,666	103,832,680	92,531,001	89,182,001

Diluted Weighted Average Shares Outstanding	142,571,361	141,969,666	103,832,680	92,531,001	89,182,001

Market Price per Common Share as of December 31,	4.92	2.00	2.46	8.40	15.54

Question: What is the percentage change in the vessel operating expense between 2018 and 2019?
Answer: -17.88
NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively. Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.

February 28,

2019	2018

Leasehold improvements	$3,522	$3,157

LoJack system components and law enforcement

tracking units	20,326	20,558

Plant equipment and tooling	13,078	16,842

Office equipment, computers and furniture	11,553	14,206

Software	31,349	31,427

79,828	86,190

Less accumulated depreciation and amortization	(58,641)	(69,585)

21,187	16,605

Fixed assets not yet in service	5,836	4,657

$27,023	$21,262

Question: What was the depreciation expense in fiscal year 2019?
Answer: $8.6 million
NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively. Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.

February 28,

2019	2018

Leasehold improvements	$3,522	$3,157

LoJack system components and law enforcement

tracking units	20,326	20,558

Plant equipment and tooling	13,078	16,842

Office equipment, computers and furniture	11,553	14,206

Software	31,349	31,427

79,828	86,190

Less accumulated depreciation and amortization	(58,641)	(69,585)

21,187	16,605

Fixed assets not yet in service	5,836	4,657

$27,023	$21,262

Question: How much were leasehold improvements in 2019?
Answer: 3,522
NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively. Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.

February 28,

2019	2018

Leasehold improvements	$3,522	$3,157

LoJack system components and law enforcement

tracking units	20,326	20,558

Plant equipment and tooling	13,078	16,842

Office equipment, computers and furniture	11,553	14,206

Software	31,349	31,427

79,828	86,190

Less accumulated depreciation and amortization	(58,641)	(69,585)

21,187	16,605

Fixed assets not yet in service	5,836	4,657

$27,023	$21,262

Question: How much were software in 2019?
Answer: 31,349
NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively. Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.

February 28,

2019	2018

Leasehold improvements	$3,522	$3,157

LoJack system components and law enforcement

tracking units	20,326	20,558

Plant equipment and tooling	13,078	16,842

Office equipment, computers and furniture	11,553	14,206

Software	31,349	31,427

79,828	86,190

Less accumulated depreciation and amortization	(58,641)	(69,585)

21,187	16,605

Fixed assets not yet in service	5,836	4,657

$27,023	$21,262

Question: What are leasehold improvements in 2019 as a percentage of the total property equipment before depreciation, amortization and fixed assets not in service?
Answer: 4.41
NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively. Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.

February 28,

2019	2018

Leasehold improvements	$3,522	$3,157

LoJack system components and law enforcement

tracking units	20,326	20,558

Plant equipment and tooling	13,078	16,842

Office equipment, computers and furniture	11,553	14,206

Software	31,349	31,427

79,828	86,190

Less accumulated depreciation and amortization	(58,641)	(69,585)

21,187	16,605

Fixed assets not yet in service	5,836	4,657

$27,023	$21,262

Question: How much do the top 3 property and equipment add up to in 2018?
Answer: 68827
NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively. Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.

February 28,

2019	2018

Leasehold improvements	$3,522	$3,157

LoJack system components and law enforcement

tracking units	20,326	20,558

Plant equipment and tooling	13,078	16,842

Office equipment, computers and furniture	11,553	14,206

Software	31,349	31,427

79,828	86,190

Less accumulated depreciation and amortization	(58,641)	(69,585)

21,187	16,605

Fixed assets not yet in service	5,836	4,657

$27,023	$21,262

Question: What was the change in fixed assets not yet in service from 2018 to 2019?
Answer: 1179
Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses. As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows:

(In millions)

Year Ended June 30,	2019	2018	2017

Balance, beginning of period	$ 397	$ 361	$ 409

Charged to costs and other	153	134	58

Write-offs	(116)	(98)	(106)

Balance, end of period	$ 434	$ 397	$ 361

Question: When are multi-year agreement customers invoiced?
Answer: For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period.
Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses. As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows:

(In millions)

Year Ended June 30,	2019	2018	2017

Balance, beginning of period	$ 397	$ 361	$ 409

Charged to costs and other	153	134	58

Write-offs	(116)	(98)	(106)

Balance, end of period	$ 434	$ 397	$ 361

Question: How does the company determine the allowance for doubtful accounts?
Answer: We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence.
Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses. As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows:

(In millions)

Year Ended June 30,	2019	2018	2017

Balance, beginning of period	$ 397	$ 361	$ 409

Charged to costs and other	153	134	58

Write-offs	(116)	(98)	(106)

Balance, end of period	$ 434	$ 397	$ 361

Question: How much was the long-term accounts receivable, net of allowance for doubtful accounts, as of June 30, 2018?
Answer: As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively
Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses. As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows:

(In millions)

Year Ended June 30,	2019	2018	2017

Balance, beginning of period	$ 397	$ 361	$ 409

Charged to costs and other	153	134	58

Write-offs	(116)	(98)	(106)

Balance, end of period	$ 434	$ 397	$ 361

Question: What was the change in the balance for 2019?
Answer: 37
Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses. As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows:

(In millions)

Year Ended June 30,	2019	2018	2017

Balance, beginning of period	$ 397	$ 361	$ 409

Charged to costs and other	153	134	58

Write-offs	(116)	(98)	(106)

Balance, end of period	$ 434	$ 397	$ 361

Question: What was the average balance at the end of the period over the 3 year period from 2017 to 2019?
Answer: 397.33
Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses. As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows:

(In millions)

Year Ended June 30,	2019	2018	2017

Balance, beginning of period	$ 397	$ 361	$ 409

Charged to costs and other	153	134	58

Write-offs	(116)	(98)	(106)

Balance, end of period	$ 434	$ 397	$ 361

Question: What was the % change in the balance, beginning of the period from 2018 to 2019?
Answer: 9.97
16. Income Taxes The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions): The income tax benefit as of December 31, 2019 is $20.6 million. The benefit was primarily driven by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes. The Insurance segment is profitable in 2019 and in a three-year overall cumulative income position as of December 31, 2019. The profitability is driven by current year income associated with favorable claims and reserve development relative to expected. Further, unrealized gains from the investment portfolio continued to grow in 2019. The amount recorded as of December 31, 2018 primarily relates to separate state filings that do not have net operating losses available to offset income. In the third quarter of 2018, the Insurance segment acquired Humana’s long-term care business, Kanawha Insurance Company. The combined insurance entity generated a net operating loss for the year due to additional tax deductions related to increases in policy holder reserves. In addition, the bargain purchase gain is not taxable. This net operating loss was carried forward but had a valuation allowance. Additionally, the income tax expense generated from the sale of BeneVir in the second quarter of 2018 is offset by tax attributes for which a valuation allowance had been recorded. Therefore, there is no net income tax expense recorded in the income statement for the sale.

Years Ended December 31,

2019	2018

Tax provision (benefit) at federal statutory rate	$ (11.9)	$ 38.3

Permanent differences	0.3	1.5

State tax, net of federal benefit	(7.3)	6.2

Foreign rate differential	1.4	(0.9)

Minority interest	0.2	(4.6)

Executive and stock compensation	2.5	3.5

Increase (decrease) in valuation allowance	(7.6)	(43.8)

Transaction costs	0.1	1.5

Tax credits generated/utilized	(2.2)	—

Return to provision	(6.0)	15.6

ASU 2017-11 adoption	(1.3)	—

Goodwill impairment	10.9	—

Gain/loss on sale or deconsolidation of a subsidiary	—	5.7

Bargain purchase gain	—	(24.2)

Other	(1.8)	3.6

Warrant liability	2.1	—

Income tax (benefit) expense	$ (20.6)	$ 2.4

Question: What was the income tax benefit in 2019?
Answer: $20.6 million
16. Income Taxes The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions): The income tax benefit as of December 31, 2019 is $20.6 million. The benefit was primarily driven by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes. The Insurance segment is profitable in 2019 and in a three-year overall cumulative income position as of December 31, 2019. The profitability is driven by current year income associated with favorable claims and reserve development relative to expected. Further, unrealized gains from the investment portfolio continued to grow in 2019. The amount recorded as of December 31, 2018 primarily relates to separate state filings that do not have net operating losses available to offset income. In the third quarter of 2018, the Insurance segment acquired Humana’s long-term care business, Kanawha Insurance Company. The combined insurance entity generated a net operating loss for the year due to additional tax deductions related to increases in policy holder reserves. In addition, the bargain purchase gain is not taxable. This net operating loss was carried forward but had a valuation allowance. Additionally, the income tax expense generated from the sale of BeneVir in the second quarter of 2018 is offset by tax attributes for which a valuation allowance had been recorded. Therefore, there is no net income tax expense recorded in the income statement for the sale.

Years Ended December 31,

2019	2018

Tax provision (benefit) at federal statutory rate	$ (11.9)	$ 38.3

Permanent differences	0.3	1.5

State tax, net of federal benefit	(7.3)	6.2

Foreign rate differential	1.4	(0.9)

Minority interest	0.2	(4.6)

Executive and stock compensation	2.5	3.5

Increase (decrease) in valuation allowance	(7.6)	(43.8)

Transaction costs	0.1	1.5

Tax credits generated/utilized	(2.2)	—

Return to provision	(6.0)	15.6

ASU 2017-11 adoption	(1.3)	—

Goodwill impairment	10.9	—

Gain/loss on sale or deconsolidation of a subsidiary	—	5.7

Bargain purchase gain	—	(24.2)

Other	(1.8)	3.6

Warrant liability	2.1	—

Income tax (benefit) expense	$ (20.6)	$ 2.4

Question: What drove the income tax benefit?
Answer: by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes.
16. Income Taxes The provisions (benefits) for income taxes differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items for the years ended December 31, 2019 and 2018 (in millions): The income tax benefit as of December 31, 2019 is $20.6 million. The benefit was primarily driven by a net valuation allowance release of $37.4 million related to the Insurance segment partially offset by an impairment of goodwill which is not deductible for tax purposes. The Insurance segment is profitable in 2019 and in a three-year overall cumulative income position as of December 31, 2019. The profitability is driven by current year income associated with favorable claims and reserve development relative to expected. Further, unrealized gains from the investment portfolio continued to grow in 2019. The amount recorded as of December 31, 2018 primarily relates to separate state filings that do not have net operating losses available to offset income. In the third quarter of 2018, the Insurance segment acquired Humana’s long-term care business, Kanawha Insurance Company. The combined insurance entity generated a net operating loss for the year due to additional tax deductions related to increases in policy holder reserves. In addition, the bargain purchase gain is not taxable. This net operating loss was carried forward but had a valuation allowance. Additionally, the income tax expense generated from the sale of BeneVir in the second quarter of 2018 is offset by tax attributes for which a valuation allowance had been recorded. Therefore, there is no net income tax expense recorded in the income statement for the sale.

Years Ended December 31,

2019	2018

Tax provision (benefit) at federal statutory rate	$ (11.9)	$ 38.3

Permanent differences	0.3	1.5

State tax, net of federal benefit	(7.3)	6.2

Foreign rate differential	1.4	(0.9)

Minority interest	0.2	(4.6)

Executive and stock compensation	2.5	3.5

Increase (decrease) in valuation allowance	(7.6)	(43.8)

Transaction costs	0.1	1.5

Tax credits generated/utilized	(2.2)	—

Return to provision	(6.0)	15.6

ASU 2017-11 adoption	(1.3)	—

Goodwill impairment	10.9	—

Gain/loss on sale or deconsolidation of a subsidiary	—	5.7

Bargain purchase gain	—	(24.2)

Other	(1.8)	3.6

Warrant liability	2.1	—

Income tax (benefit) expense	$ (20.6)	$ 2.4

Question: What was the value of minority interest in 2019?
Answer: 0.2