hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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 is the increase / (decrease) in the Noncurrent assets from 2018 to 2019?
Answer: 39531
Calculation: 113,767 - 74,236
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
19. Financial Income and Costs
An analysis of financial income and costs is as follows:
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Financial Income |  |  | 
Interest income | 2,650 | 4,784 | 5,318
Total financial income | 2,650 | 4,784 | 5,318
Financial Costs |  |  | 
Amortization and write-off of deferred loan/bond issuance costs/premium | 12,398 | 12,593 | 14,154
Interest expense on loans and realized loss on cash flow hedges | 85,813 | 111,600 | 122,819
Interest expense on bonds and realized loss on CCSs | 27,085 | 30,029 | 34,607
Lease charge | 10,875 | 10,520 | 10,506
Loss arising on bond repurchases at a premium (Note 13)13) | 1,459 | — | 2,119
Other financial costs, including unrealized foreign exchange losses on cash and bonds | 1,551 | 1,885 | 6,276
Total financial costs | 139,181 | 166,627 | 190,481


Question: What was the percentage change in total financial costs from 2017 to 2019?
Answer: 36.86
Calculation: ((190,481 - 139,181 )/139,181  ) * 100
The following table summarizes the components of net periodic pension cost recognized in the consolidated statements of operations for the plans for the years ended December 31, 2019, 2018 and 2017:
The components of net periodic pension cost other than the service cost component are included in other, net within other income (expense) in the consolidated statements of operations.
In 2019, we purchased a group annuity contract to transfer the pension benefit obligations and annuity administration for a select group of retirees or their beneficiaries to an annuity provider. Upon issuance of the group annuity contract, the pension benefit obligation of $24.4 million for approximately 500 participants was irrevocably transferred to the annuity provider. The purchase of the group annuity was funded directly by the assets of the Pension Plans. During the year ended December 31, 2019, we recognized a pension settlement charge of $6.7 million as a result of the transfer of the pension liability to the annuity provider and other lump sum payments made during the year.
In 2018 and 2017, the Retirement Plan was amended to freeze benefit accruals under the cash balance benefit plan for certain participants under collective bargaining agreements. As a result of these amendments, we recognized a pre-tax curtailment gain of $1.2 million and $1.3 million as a component of net periodic pension cost during the years ended December 31, 2018 and 2017, respectively.
Table:
(In thousands) | 2019 | 2018 | 2017
Service cost | $ 50 | $ 5,809 | $ 3,055
Interest cost | 30,327 | 28,870 | 21,882
Expected return on plan assets | (34,627) | (38,640) | (28,459)
Amortization of: |  |  | 
Net actuarial loss | 2,890 | 6,110 | 6,244
Prior service cost (credit) | 123 | (204) | (316)
Plan curtailment | — | (1,156) | (1,337)
Plan settlement | 6,726 | 94 | 17
Net periodic pension cost | $ 5,489 | $ 883 | $ 1,086


Question: What is the service cost for 2019?
Answer: $ 50
Liquidity and Capital Resources
Cash flows from operations provided a source of funds of $1,066 million, $1,058 million and $1,310 million during the years ended December 31, 2019, 2018 and 2017, respectively. This increase was driven primarily by lower employee annual incentive payments, lower retailer investments and lower restructuring payments, partially offset by working capital timing and higher interest and tax payments during the year ended December 31, 2019.
We provide for additional liquidity through several sources, including maintaining an adequate cash balance, access to global funding sources and a committed revolving credit facility. The following table provides a summary of the major sources of liquidity for the years ended December 31, 2019, 2018 and 2017:
Of the $454 million in cash and cash equivalents at December 31, 2019, approximately $383 million was held in jurisdictions outside the U.S. We regularly review the amount of cash and cash equivalents held outside of the U.S. to determine the amounts necessary to fund the current operations of our foreign operations and their growth initiatives and amounts needed to service our U.S. indebtedness and related obligations.
Table:
(IN MILLIONS) | 2019 | 2018 | 2017
Net cash from operating activities | $1,066 | $1,058 | $1,310
Cash and short-term marketable securities | $454 | $524 | $656
Revolving credit facility | $850 | $850 | $575


Question: What is the net cash from operating activities in 2019?
Answer: $1,066 million
29. Share-based payments continued
Share Incentive Plan
In 2015, the Group established a Share Incentive Plan (‘SIP’). All eligible employees were awarded free shares (or nil-cost options in the case of employees in Ireland) valued at £3,600 each based on the share price at the time of the Company’s admission to the Stock Exchange in March 2015, subject to a three-year service period (‘Vesting Period’). The SIP shareholders are entitled to dividends over the Vesting Period. There are no performance conditions applicable to the vesting of SIP shares. The fair value of the SIP awards at the grant date was measured to be £2.72 using the Black-Scholes model. The resulting share-based payments charge is being spread evenly over the Vesting Period.
Table:
 | Group |  | Company | 
 | 2019 | 2018 | 2019 | 2018
 | £m | £m | £m | £m
Share Incentive Plan (‘SIP’) | – | 0.8 | – | –
Sharesave scheme (‘SAYE’) | 0.3 | 0.3 | – | –
Performance Share Plan (‘PSP’) | 2.1 | 1.8 | 1.3 | 0.7
Deferred Annual Bonus and Single Incentive Plan | 2.3 | 0.4 | 0.4 | 0.2
Total share-based payment charge | 4.7 | 3.3 | 1.7 | 0.9
NI and apprenticeship levy on applicable schemes | 1.2 | 0.4 | 0.6 | 0.1
Total charge | 5.9 | 3.7 | 2.3 | 1.0


Question: What is the Share Incentive Plan ('SIP')?
Answer: All eligible employees were awarded free shares (or nil-cost options in the case of employees in Ireland) valued at £3,600 each based on the share price at the time of the Company’s admission to the Stock Exchange in March 2015, subject to a three-year service period (‘Vesting Period’). The SIP shareholders are entitled to dividends over the Vesting Period. There are no performance conditions applicable to the vesting of SIP shares. The fair value of the SIP awards at the grant date was measured to be £2.72 using the Black-Scholes model.
3.3 Fair value estimation The table below analyses the Group’s financial instruments carried at fair value as at 31 December 2019 by level of the inputs to valuation techniques used to measure fair value. Such inputs are categorised into three levels within a fair value hierarchy as follows:
Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1);
Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2); and
Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3).
The fair value of financial instruments traded in active markets is determined with reference to quoted market prices at the end of the reporting period. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. These instruments are included in level 1.
The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required for evaluating the fair value of a financial instrument are observable, the instrument is included in level 2.
If one or more of the significant inputs are not based on observable market data, the instrument is included in level 3.
Specific valuation techniques used to value financial instruments mainly include: • Dealer quotes for similar instruments; • The fair value of interest rate swaps is calculated as the present value of the estimated future cash flows based on observable yield curves; and • Other techniques, such as discounted cash flow analysis, are used to determine fair value for financial instruments.
Table:
 | Level 1 | Level 2 | Level 3 | Total
 | RMB’Million | RMB’Million | RMB’Million | RMB’Million
As at 31 December 2019 |  |  |  | 
FVPL | 14,766 | 5,091 | 116,079 | 135,936
FVOCI | 74,707 | – | 7,014 | 81,721
OFA | – | 375 | – | 375
Other financial liabilities | – | 523 | 1,873 | 2,396
As at 31 December 2018 |  |  |  | 
FVPL | 10,875 | 5,009 | 81,993 | 97,877
FVOCI | 41,578 | – | 1,941 | 43,519
OFA | – | 2,032 | – | 2,032
Other financial liabilities | – | 40 | 4,466 | 4,506


Question: How much did the level 1 FVOCI change by from 2018 year end to 2019 year end?
Answer: 33129
Calculation: 74,707-41,578
Service Revenue by Segment
The following table presents the breakdown of service revenue by segment (in millions, except percentages):
Amounts may not sum and percentages may not recalculate due to rounding
Service revenue increased 2%, driven by an increase in software and solution support offerings. Service revenue increased in the Americas and EMEA segments, partially offset by decreased revenue in our APJC segment.
Table:
 |  | Years Ended |  | 2019 vs. 2018 | 
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars | Variance in Percent
Service revenue: |  |  |  |  | 
Americas | $ 8,173 | $ 7,982 | $7,864 | $191 | 2%
Percentage of service revenue | 63.4% | 63.3% | 63.9% |  | 
EMEA | 2,854 | 2,754 | 2,635 | 100 | 4%
Percentage of service revenue | 22.1% | 21.8% | 21.4% |  | 
APJC | 1,872 | 1,885 | 1,801 | (13) | (1)%
Percentage of service revenue | 14.5% | 14.9% | 14.7% |  | 
Total | $ 12,899 | $ 12,621 | $12,300 | $278 | 2%


Question: What was the percentage change in total service revenue between 2017 and 2018?
Answer: 2.61
Calculation: ((12,621-12,300)/12,300) * 100
supplementary information on oil and gas producing activities ( unaudited ) changes in the standardized measure of discounted future net cash flows ( in millions ) 2011 2010 2009 .

Table:
( in millions ) | 2011 | 2010 | 2009
sales and transfers of oil and gas produced net of production and administrative costs | $ -7922 ( 7922 ) | $ -6330 ( 6330 ) | $ -4876 ( 4876 )
net changes in prices and production and administrative costs related to future production | 12313 | 9843 | 4840
extensions discoveries and improved recovery less related costs | 1454 | 1268 | 1399
development costs incurred during the period | 1899 | 2546 | 2786
changes in estimated future development costs | -1349 ( 1349 ) | -2153 ( 2153 ) | -3773 ( 3773 )
revisions of previous quantity estimates | 2526 | 1117 | 5110
net changes in purchases and sales of minerals in place | 233 | -20 ( 20 ) | -159 ( 159 )
accretion of discount | 2040 | 1335 | 787
net change in income taxes | -6676 ( 6676 ) | -4231 ( 4231 ) | -4345 ( 4345 )
timing and other | 130 | 250 | -149 ( 149 )
net change for the year | 4648 | 3625 | 1620
beginning of the year | 9280 | 5655 | 4035
end of year | $ 13928 | $ 9280 | $ 5655
.

Question: what was the average net annual change in discounted future net cash flows ( in millions ) for the years 2011 , 2010 , and 2009?
Answer: 3298
Calculation: table_average(net change for the year, none)
NOTE 17—SPECIAL CHARGES (RECOVERIES)
Special charges (recoveries) include costs and recoveries that relate to certain restructuring initiatives that we have undertaken from time to time under our various restructuring plans, as well as acquisition-related costs and other charges.
Table:
 |  | Year Ended June 30, | 
 | 2019 | 2018 | 2017
Fiscal 2019 Restructuring Plan | $28,318 | $— | $—
Fiscal 2018 Restructuring Plan | 515 | 10,154 | —
Fiscal 2017 Restructuring Plan | 898 | 7,207 | 33,827
Restructuring Plans prior to Fiscal 2017 Restructuring Plan | (620) | 279 | (340)
Acquisition-related costs | 5,625 | 4,805 | 15,938
Other charges (recoveries) | 983 | 6,766 | 14,193
Total | $35,719 | $29,211 | $63,618


Question: What Fiscal years are included in the table?
Answer: 2019, 2018, 2017
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.
Table:
 | 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
29. Share-based payments continued
Share Incentive Plan
In 2015, the Group established a Share Incentive Plan (‘SIP’). All eligible employees were awarded free shares (or nil-cost options in the case of employees in Ireland) valued at £3,600 each based on the share price at the time of the Company’s admission to the Stock Exchange in March 2015, subject to a three-year service period (‘Vesting Period’). The SIP shareholders are entitled to dividends over the Vesting Period. There are no performance conditions applicable to the vesting of SIP shares. The fair value of the SIP awards at the grant date was measured to be £2.72 using the Black-Scholes model. The resulting share-based payments charge is being spread evenly over the Vesting Period.
Table:
 | Group |  | Company | 
 | 2019 | 2018 | 2019 | 2018
 | £m | £m | £m | £m
Share Incentive Plan (‘SIP’) | – | 0.8 | – | –
Sharesave scheme (‘SAYE’) | 0.3 | 0.3 | – | –
Performance Share Plan (‘PSP’) | 2.1 | 1.8 | 1.3 | 0.7
Deferred Annual Bonus and Single Incentive Plan | 2.3 | 0.4 | 0.4 | 0.2
Total share-based payment charge | 4.7 | 3.3 | 1.7 | 0.9
NI and apprenticeship levy on applicable schemes | 1.2 | 0.4 | 0.6 | 0.1
Total charge | 5.9 | 3.7 | 2.3 | 1.0


Question: What was the change in PSP payments for the Group in 2019 from 2018?
Answer: 0.3
Calculation: 2.1-1.8
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: Where was the selected financial data for each of the five years ended December 31, 2019 derived from?
Answer: our audited consolidated financial statements
RESULTS FROM VESSEL OPERATIONS
During the year ended December 31, 2019, shipping revenues decreased by $10,616 or 2.9% compared to 2018. The decrease primarily resulted from three fewer vessels in operation during most of 2019 compared to 2018 and one less Government of Israel voyage in 2019 compared to 2018. This decrease was partially offset by the addition of two new vessels to our fleet at the beginning of the fourth quarter of 2019.
Reconciliations of TCE revenues, a non-GAAP measure, to shipping revenues as reported in the consolidated statements of operations follows:
Consistent with general practice in the shipping industry, we use TCE revenues, which represents shipping revenues less voyage expenses, as a measure to compare revenue generated from a voyage charter to revenue generated from a time charter.
TCE revenues, a non-GAAP measure, provides additional meaningful information in conjunction with shipping revenues, the most directly comparable GAAP measure, because it assists management in decisions regarding the deployment and use of our vessels and in evaluating their financial performance.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Time charter equivalent revenues | $335,133 | $326,707
Add: Voyage expenses | 20,414 | 39,456
Shipping revenues | $355,547 | $366,163


Question: What is the change in Add: Voyage expenses from Years Ended December 31, 2018 to 2019?
Answer: -19042
Calculation: 20,414-39,456
In addition to the results reported in accordance with accounting principles generally accepted in the United States (“US GAAP” or “GAAP”), we also use certain non-GAAP measures such as EBITDA and adjusted EBITDA to evaluate operating performance and to facilitate the comparison of our historical results and trends.
These financial measures are not a measure of financial performance under US GAAP and should not be considered in isolation or as a substitute for net income (loss) as a measure of performance and net cash provided by operating activities as a measure of liquidity.
EBITDA is defined as net earnings before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is comprised of EBITDA, adjusted for certain items as permitted or required under our credit facility as described in the reconciliations below.
These measures are a common measure of operating performance in the telecommunications industry and are useful, with other data, as a means to evaluate our ability to fund our estimated uses of cash. The following tables are a reconciliation of net income (loss) to Adjusted EBITDA:
The following tables are a reconciliation of net income (loss) to Adjusted EBITDA:
(a) Other, net includes the equity earnings from our investments, dividend income, income attributable to noncontrolling interests in subsidiaries, acquisition and transaction related costs including severance, non-cash pension and postretirement benefits and certain other miscellaneous items.
(b) Includes all cash dividends and other cash distributions received from our investments.
(c) Represents the redemption premium (discount) and write-off of unamortized debt issuance costs in connection with the redemption or retirement of our debt obligations.
(d) Represents intangible asset impairment charges recognized during the period.
(e) Represents compensation expenses in connection with the issuance of stock awards, which because of their non-cash nature, these expenses are excluded from adjusted EBITDA.
Table:
 |  |  |  | Year Ended December 31, | 
(In millions, unaudited) | 2019 | 2018 | 2017 | 2016 | 2015
Net income (loss) | $ (20.0) | $ (50.5) | $ 65.3 | $ 15.2 | $ (0.7)
Add (subtract): |  |  |  |  | 
Interest expense, net of interest income | 136.7 | 134.5 | 129.8 | 76.8 | 79.6
Income tax expense (benefit) | (3.7) | (24.1) | (124.9) | 23.0 | 2.8
Depreciation and amortization | 381.2 | 432.6 | 291.8 | 174.0 | 179.9
EBITDA | 494.2 | 492.5 | 362.0 | 289.0 | 261.6
Adjustments to EBITDA: |  |  |  |  | 
Other, net (a) | (8.8) | 0.6 | 19.3 | (25.5) | (22.3)
Investment distributions (b) | 35.8 | 39.1 | 30.0 | 32.1 | 45.3
(Gain) loss on extinguishment of debt (c) | (4.5) | — | — | 6.6 | 41.2
Loss on impairment (d) | — | — | — | 0.6 | —
Non-cash, stock-based compensation (e) | 6.8 | 5.1 | 2.8 | 3.0 | 3.1
Adjusted EBITDA | $ 523.5 | $ 537.3 | $ 414.1 | $ 305.8 | $ 328.9


Question: What is the increase/ (decrease) in Income tax expense (benefit) from 2018 to 2019?
Answer: 20.4
Calculation: -3.7-(-24.1)