hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Note 9. Other Liabilities
The following table details the components of other liabilities in the Consolidated Balance Sheets as of the dates indicated.
(1) We elected the fair value method to account for our servicing liabilities. Refer to Note 3 for additional information.
(2) Related party distributions payable are not included in this balance, but rather are included within related party liabilities.
(3) Refer to Note 3 and Note 8 for additional information on our interest rate swap, which was in a liability position as of December 31, 2019.
(4) Tax related liabilities primarily include certain taxes payable related to the Reorganization Transactions.
(5) Deferred lease liabilities were calculated in accordance with legacy lease guidance in ASC 840, Leases, for the amount presented as of December 31, 2018. Under the new lease guidance codified in ASC 842, Leases, which we adopted on January 1, 2019, we presented operating lease liabilities separately on the Consolidated Balance Sheets as of December 31, 2019. See Note 1 and Note 14 for additional information on our lease accounting.
(6) Accruals and other liabilities as of December 31, 2018 was adjusted to exclude the financial guarantee liability to conform to the current period presentation in the Consolidated Balance Sheets. Refer to Note 1 for additional discussion of our basis of presentation.
Table:
 | December 31, | 
 | 2019 | 2018
Transaction processing liabilities | $24,465 | $4,958
Servicing liabilities(1) | 3,796 | 3,016
Distributions payable(2) | 5,978 | 10,066
Interest rate swap(3) | 2,763 | —
Tax related liabilities(4) | 873 | 4,412
Deferred lease liabilities(5) | — | 2,489
Accruals and other liabilities(6) | 9,442 | 10,110
Other liabilities | $47,317 | $35,051


Question: Which years does the table show?
Answer: 2019, 2018
Note 3 – Revenue
The following table disaggregates our revenue by major source for the year ended December 31, 2019:
(1) Subscriber Solutions & Experience was formerly reported as Customer Devices. With the increasing focus on enhancing the customer experience for both our business and consumer broadband customers and the addition of SmartRG during the fourth quarter of 2018, Subscriber Solutions & Experience more accurately represents this revenue category.
Table:
(In thousands) | Network Solutions | Services & Support | Total
Access & Aggregation | $289,980 | $58,894 | $348,874
Subscriber Solutions & Experience (1) | 144,651 | 8,269 | 152,920
Traditional & Other Products | 20,595 | 7,672 | 28,267
Total | $455,226 | $74,835 | $530,061


Question: What was Subscriber Solutions & Experience formerly reported as by the company?
Answer: Customer Devices
NOTE 24. EARNINGS PER SHARE
Basic net earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding for that period. The dilutive effect is calculated using the treasury stock method. The calculation of diluted net income per share assumes the exercise of options issued under our stock option plans (and the issuance of shares under our share plans) for periods in which exercises (or issuances) would have a dilutive effect.
The calculation of basic and diluted net income per share attributable to common shareholders is based on the following data:
Table:
 | December 31, | 
 | 2018 | 2019
Net earnings used for purposes of calculating net income per common share |  | 
Net earnings from operations | 157,133 | 329,013
Basic weighted average number of shares outstanding during the year (thousands) | 52,432 | 49,418
Effect of dilutive potential common shares from stock options and restricted shares | 678 | 580
Dilutive weighted average number of shares outstanding | 53,110 | 49,999
Basic net earnings per share: from operations | 3.00 | 6.66
Diluted net earnings per share: | 2.96 | 6.58


Question: What is the  Net earnings from operations in 2018?
Answer: 157,133
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the New York Stock Exchange under the symbol "MEI." The following is a tabulation of high and low sales prices for the periods presented and cash dividends declared per share.
On June 13, 2019, the Board of Directors declared a dividend of $0.11 per share of common stock, payable on July 26, 2019, to holders of record on July 12, 2019. As of June 18, 2019, the number of record holders of our common stock was 397.
Table:
 | High | Low | Dividends
Declared Per
Share
Fiscal Year Ended April 27, 2019 |  |  | 
First Quarter | $45.45 | $37.70 | $0.11
Second Quarter | 41.30 | 27.65 | 0.11
Third Quarter | 33.98 | 20.99 | 0.11
Fourth Quarter | 32.22 | 25.11 | 0.11
Fiscal Year Ended April 28, 2018 |  |  | 
First Quarter | $44.95 | $36.05 | $0.09
Second Quarter | 46.75 | 36.75 | 0.09
Third Quarter | 48.44 | 39.00 | 0.11
Fourth Quarter | 42.10 | 36.95 | 0.11


Question: What was the high price in 2019 first and second quarter respectively?
Answer: $45.45, 41.30
Research and Development Expense
Research and development expense increased by $8.7 million in 2019 compared to 2018. The increase was primarily due to a $5.4 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 229 employees as of December 31, 2018 to 252 employees as of December 31, 2019, a $1.3 million increase in hosting and software related cost to support research and development activities and an increase of $0.4 million in office related expenses to support research and development activities. In addition, a total of $6.5 million of internally-developed software costs during 2019 and $7.7 million of internally-developed software costs during 2018 were capitalized, resulting in an increase of the expense by $1.2 million compared to 2018.
Table:
 | Year Ended December 31, |  | Change | 
 | 2019 | 2018 | $ | %
 |  | (dollars in thousands) |  | 
Research and development | $ 50,024 | $ 41,305 | $ 8,719 | 21.1%
% of revenue | 25% | 28% |  | 


Question: What was the increase in the Research and development expense in 2019?
Answer: $8.7 million
Noncurrent Assets and Liabilities
The increase in noncurrent assets of $39,531 million ($39,470 million adjusted for currency) was driven by: • A net increase in goodwill and net intangible assets of $34,104 million ($34,058 million adjusted for currency) due to the acquisition of Red Hat; and • An increase in operating right-of-use assets of $4,996 million ($5,010 million adjusted for currency) as a result of the adoption of the new leasing standard on January 1, 2019; and• An increase in prepaid pension assets of $2,199 million ($2,152 million adjusted for currency) driven by higher returns on plan assets and plan remeasurements; partially offset by • A decrease in net property, plant and equipment of $782 million ($785 million adjusted for currency).
Long-term debt increased $18,497 million ($18,550 million adjusted for currency) primarily driven by: • Issuances of $26,081 million; partially offset by • Reclassifications to short-term debt of $7,592 million to reflect upcoming maturities.
Noncurrent liabilities (excluding debt) increased $6,778 million ($6,911 million adjusted for currency) primarily driven by: • An increase in long-term operating lease liabilities of $3,879 million ($3,893 million adjusted for currency) as a result of the adoption of the new leasing standard on January 1, 2019; and • An increase in other liabilities of $2,352 million ($2,320 million adjusted for currency), primarily driven by increases in deferred tax liabilities of $1,534 million and income tax reserves of $923 million.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Noncurrent assets | $113,767 | $74,236
Long-term debt | $ 54,102 | $35,605
Noncurrent liabilities (excluding debt) | $ 39,398 | $32,621


Question: What caused the increase in the noncurrent assets?
Answer: A net increase in goodwill and net intangible assets of $34,104 million ($34,058 million adjusted for currency) due to the acquisition of Red Hat; and • An increase in operating right-of-use assets of $4,996 million ($5,010 million adjusted for currency) as a result of the adoption of the new leasing standard on January 1, 2019
5.2 Employee share plans (continued)
Shares issued under the FY2019, FY2018 and FY2017 Performance Rights plans
For the purposes of Sections 200B and 200E of the Corporations Act, iSelect shareholders have approved the giving of any potential benefits under the Performance Rights Plan provided in connection with any future retirement of a participant who holds a ‘managerial or Executive office’ such that for the purposes of the provisions, those benefits will not be included in the statutory limit.
Change in control
Upon a ‘change of control’, the Board has discretion to determine that some or all of the participants’ Performance Rights vest immediately.
FY2018 Performance Rights Plan
The following table illustrates the number of, and movements in, shares issued during the year:
Table:
 | 2019 NUMBER | 2018 NUMBER
Outstanding at the beginning of the period | 547,949 | -
Granted during the period | - | 772,303
Forfeited during the period | (140,687) | (224,354)
Exercised during the period | - | -
Outstanding at the end of the period | 407,262 | 547,949


Question: What is the percentage of the number of outstanding shares at the end of the period from 2018 to 2019?
Answer: -25.68
Calculation: ((407,262-547,949)/547,949) * 100
supplemental financial information common stock performance the following graph compares the performance of an investment in the firm 2019s common stock from december 26 , 2008 ( the last trading day before the firm 2019s 2009 fiscal year ) through december 31 , 2013 , with the s&p 500 index and the s&p 500 financials index . the graph assumes $ 100 was invested on december 26 , 2008 in each of the firm 2019s common stock , the s&p 500 index and the s&p 500 financials index , and the dividends were reinvested on the date of payment without payment of any commissions . the performance shown in the graph represents past performance and should not be considered an indication of future performance . the goldman sachs group , inc . s&p 500 index s&p 500 financials index dec-09 dec-10 dec-11 dec-12 dec-13dec-08 the table below shows the cumulative total returns in dollars of the firm 2019s common stock , the s&p 500 index and the s&p 500 financials index for goldman sachs 2019 last five fiscal year ends , assuming $ 100 was invested on december 26 , 2008 in each of the firm 2019s common stock , the s&p 500 index and the s&p 500 financials index , and the dividends were reinvested on the date of payment without payment of any commissions . the performance shown in the table represents past performance and should not be considered an indication of future performance. .

Table:
 | 12/26/08 | 12/31/09 | 12/31/10 | 12/31/11 | 12/31/12 | 12/31/13
the goldman sachs group inc . | $ 100.00 | $ 224.98 | $ 226.19 | $ 123.05 | $ 176.42 | $ 248.36
s&p 500 index | 100.00 | 130.93 | 150.65 | 153.83 | 178.42 | 236.20
s&p 500 financials index | 100.00 | 124.38 | 139.47 | 115.67 | 148.92 | 201.92
218 goldman sachs 2013 annual report .

Question: what was the percentage cumulative total return for goldman sachs group inc . for the five year period ending 12/31/13?
Answer: 148.36%
Calculation: subtract(248.36, const_100), divide(#0, const_100)
The Monte Carlo simulation assumptions used for the periods presented were as follows:
As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.
Table:
 |  | Year Ended | 
 | January 3, 2020 | December 28, 2018 | December 29, 2017
Expected volatility | 22.02% | 25.37% | 27.19%
Risk free rate of return | 2.39% | 2.35% | 1.53%
Weighted average grant date stock price | $62.66 | $65.00 | $53.73


Question: In which year was Risk free rate of return more than 2.0%?
Answer: 2020, 2018
Calculation: locate and analyze Risk free rate of return in row 4
Item 6. Selected Financial Data
The selected financial data presented for each of the five years ended December 31, 2019 is derived from our audited consolidated financial statements. The selected financial data presented should be read in conjunction with our consolidated financial statements, the notes to our consolidated financial statements and Item 7 “Management's Discussion and Analysis of Financial Condition and Results of Operations.”
(1) On January 1, 2019, we adopted Accounting Standards Codification (ASC) 842, Leases, using the modified retrospective method at the beginning of the period of adoption, January 1, 2019, through the recognition of a lease obligation and corresponding right of use asset. Results for reporting periods beginning after January 1, 2019 are presented under ASC 842, while prior periods amount were not adjusted and continue to be reported in accordance with ASC 840, Leases.
(2) On January 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, using the modified retrospective method applied to those contracts that were not substantially complete as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts were not adjusted and continue to be reported in accordance with ASC 605, Revenue Recognition.
(3) The Tax Cuts and Jobs Act, enacted on December 22, 2017, reduces the U.S. corporate tax rate from 35% to 21% beginning in 2018. Due to the enactment of the Tax Cuts and Jobs Act, our income tax expense was reduced by $50.6 million for the year ended December 31, 2017 from the re-measurement of our existing deferred tax assets and liabilities.
(4) Over the past five years, we completed 7 acquisitions. In aggregate, these acquisitions have added $343.6 million in goodwill. For additional information on our recent acquisitions, see Note 5 to our consolidated financial statements in Item 8.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 (1) | 2018 (2) | 2017 (3) | 2016 | 2015
 |  |  | (in thousands, except per share amounts) |  | 
Statement of Income Data: |  |  |  |  | 
Revenues | $2,222,559 | $1,958,557 | $1,717,018 | $1,601,596 | $1,550,117
Operating income | $138,325 | $112,742 | $98,194 | $90,963 | $84,886
Net income | $113,890 | $82,097 | $114,141 | $56,391 | $51,127
Basic earnings per share (Class A and B) | $2.85 | $2.08 | $2.94 | $1.48 | $1.36
Diluted earnings per share (Class A and B) | $2.83 | $2.06 | $2.91 | $1.47 | $1.36
Dividend per share | $1.08 | $1.00 | $0.84 | $0.84 | $0.84
Balance Sheet Data: |  |  |  |  | 
Working capital | $154,753 | $196,652 | $138,879 | $229,659 | $189,276
Goodwill (4) | $1,191,259 | $1,085,806 | $1,084,560 | $955,874 | $919,591
Total assets | $2,107,914 | $1,803,871 | $1,744,475 | $1,598,464 | $1,506,424
Long-term debt | $36,500 | $7,500 | $31,000 | $— | $—


Question: What is the difference in the operating income between 2015 and 2016?
Answer: 6077
Calculation: $ 90,963-$ 84,886
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
6. NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS
Notes receivable and other non-current assets consisted of the following:
The reduction in Long-term prepaid ground rent is a result of the reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard.
Table:
 | As of | 
 | December 31, 2019 | December 31, 2018
Long-term prepaid ground rent | $— | $607.5
Notes receivable | 1.1 | 1.0
Other miscellaneous assets | 405.3 | 354.1
Notes receivable and other non-current assets | $406.4 | $962.6


Question: What were note receivables in 2019?
Answer: 1.1
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
Revenue by Geographic Region
Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries. The total net book value of long-lived assets for dry bulk vessels amounted to $741,347 and $933,784 at December 31, 2019 and 2018, respectively. For the Logistics Business, all long-lived assets are located in South America. The total net book value of long-lived assets for the Logistics Business amounted to $536,342 (including constructions in progress of $4,046, referred to in Note 7) and $556,713 at December 31, 2019 and 2018, respectively. The total net book value of long-lived assets for the Containers Business amounted to at December 31, 2018 $399,979.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
North America | $2,259 | $4,248 | $5,513
Europe | 179,009 | 142,688 | 124,857
Asia | 67,468 | 135,614 | 91,552
South America | 232,394 | 208,751 | 212,616
Other | 1,319 | 26,438 | 28,511
Total | $482,449 | $517,739 | $463,049


Question: How many years did total revenue exceed $500,000 thousand?
Answer: 1
Calculation: 2018
Stock-Based Compensation Expense
All share-based awards are measured based on the grant date fair value of the awards and recognized in the Consolidated Statements of Operations and Comprehensive Loss over the period during which the employee is required to perform services in exchange for the award (generally the vesting period of the award).
The Company estimates the fair value of stock options granted using the Black-Scholes option valuation model, which requires assumptions, including the fair value of the Company's underlying common stock, expected term, expected volatility, risk-free interest rate and dividend yield of the Company's common stock. These estimates involve inherent uncertainties and the application of management’s judgment. If factors change and different assumptions are used, share-based compensation expense could be materially different in the future.
These assumptions are estimated as follows:
• Fair Value of Common Stock. The Company uses the five-day volume weighted average price for its common stock as reported on the New York Stock Exchange.
• #Expected Term. The Company determines the expected term based on the average period the stock options are expected to remain outstanding. The Company bases the expected term assumptions on its historical behavior combined with estimates of the post-vesting holding period.
• Expected Volatility. The Company determines the price volatility factor based on the Company's historical volatility over the expected life of the stock options.
• Risk-Free Interest Rate. The Company bases the risk-free interest rate used in the Black-Scholes valuation model on the yield available on U.S. Treasury zero-coupon issues with an equivalent remaining term of the stock options for each stock option group.
• Expected Dividend. The Company has not paid and does not anticipate paying any cash dividends in the foreseeable future and, therefore, uses an expected dividend yield of zero in the option pricing model.
The grant weighted average assumptions used to estimate the fair value of stock options granted to employees were as follows:
Table:
 | Years ended | 
 | December 31, 2019 | December 31, 2018
Expected volatility | 50.7% | 54.2%
Risk-free interest rate | 2.25% | 2.72%
Dividend yield | Nil | Nil
Average expected life | 4.77 | 5.31


Question: What assumptions does the Black-Scholes option valuation model comprise of?
Answer: Fair Value of Common Stock, Expected Term, Expected Volatility, Risk-Free Interest Rate, Expected Dividend
Other Income (Expense), Net
Interest expense decreased $54.7 million during fiscal 2019 as compared to fiscal 2018, primarily due to elimination of the non-recourse residential financing obligations in connection with the sale of the Residential Lease Portfolio in November 2018, as well as the elimination of the sales-leaseback financing obligations in connection with the sale of the commercial sale-leaseback portfolio during the first and second quarters of fiscal 2019.
Interest expense increased $17.7 million in fiscal 2018 as compared to fiscal 2017 primarily due to new debt and new commercial sale-leaseback arrangements.
Other income increased by $119.4 million during fiscal 2019 as compared to fiscal 2018, primarily due to a $158.3 million gain on an equity investment with readily determinable fair value in fiscal 2019, as compared to a loss of $6.4 million in fiscal 2018. Additionally, gain on sale of equity investments during fiscal 2019 was $17.7 million, compared to $54.2 million in fiscal 2018.
Other income increased by $143.0 million in fiscal 2018 as compared to fiscal 2017. The change is primarily due to a $54.2 million gain on the sale of our equity method investments in fiscal 2018, a $73.0 million impairment charge in fiscal 2017 in our 8point3 Energy Partners LP equity investment balance due to the adoption of ASC 606 which materially increased the investment balance and consequently, led to the recognition of an other-than-temporary impairment in the first quarter of fiscal 2017.
Table:
 |  | Fiscal Year | 
(In thousands, except percentages) | 2019 | 2018 | 2017
Interest income | $2,702 | $3,057 | $2,100
Interest expense | (53,353) | (108,011) | (90,288)
Other Income (expense): |  |  | 
Other, net | 174,734 | 55,314 | (87,645)
Other income (expense), net | $124,083 | $(49,640) | $(175,833)
As a percentage of revenue | 7% | (3)% | (10)%


Question: What was the percentage change in interest expense from 2018 to 2019?
Answer: -50.6
Calculation: ((53,353 - 108,011)/108,011 ) * 100
5. CASH FLOW ANALYSIS
(1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(2) For further details on the Corporation's cash flow attributable to discontinued operations, please consult the "Discontinued operations" section.
Fiscal 2019 cash flow from operating activities increased by 39.9% compared to the prior year mainly from: • higher adjusted EBITDA; • the decreases in income taxes paid and in financial expense paid; and • the decrease in integration, restructuring and acquisitions costs.
Fiscal 2019 investing activities decreased by 78.5% compared to the prior year mainly due to the MetroCast acquisition of $1.76 billion in the second quarter of fiscal 2018.
Table:
Years ended August 31, | 2019 | 2018 (1) | Change
(in thousands of dollars, except percentages) | $ | $ | %
Cash flow from operating activities | 868,711 | 620,748 | 39.9
Cash flow from investing activities | (471,078) | (2,191,666) | (78.5)
Cash flow from financing activities | (659,222) | 1,426,136 | —
Effect of exchange rate changes on cash and cash equivalents denominated in a foreign currency | (439) | 1,989 | —
Net change in cash and cash equivalents from continuing operations | (262,028) | (142,793) | 83.5
Net change in cash and cash equivalent from discontinued operations(2) | 733,807 | 16,333 | —
Cash and cash equivalents, beginning of the year | 84,725 | 211,185 | (59.9)
Cash and cash equivalents, end of the year | 556,504 | 84,725 | —


Question: What was the percentage change in Cash and cash equivalents, beginning of the year from 2018 to 2019?
Answer: (59.9)