hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
14. Fair Value Measures
The Company is required to categorize both financial and nonfinancial assets and liabilities based on the following fair value hierarchy. The fair value of an asset is the price at which the asset could be sold in an orderly transaction between unrelated, knowledgeable, and willing parties able to engage in the transaction. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be paid to settle the liability with the creditor.
• Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 - Unobservable inputs for the asset or liability supported by little or no market activity and are significant to the fair value of the assets or liabilities.
The disclosure of fair value of certain financial assets and liabilities recorded at cost are as follows:
Cash and cash equivalents, accounts receivable, and accounts payable: The carrying amount approximates fair value due to the short maturity of these instruments.
Long-term debt: The carrying value of the Company’s long-term debt is at its stated value. We have not elected to carry our long-term debt at fair value. Fair values for debt are based on quoted market prices or published forward interest rate curves, which are level 2 inputs. Estimated fair values are management’s estimates, which is a level 3 input; however, when there is no readily available market data, the estimated fair values may not represent the amounts that could be realized in a current transaction, and the fair values could change significantly. The fair value of the Company’s debt is sensitive to changes in the general level of U.S. interest rates. Under its current policies, the Company does not use interest rate derivative instruments to manage exposure to interest rate changes. A one percent (1%) decrease in interest rates would increase the net fair value of the Company’s debt by $23,000 at June 1, 2019. The fair value and carrying value of the Company’s long-term debt were as follows (in thousands):
Table:
 | June 1, 2019 |  | June 2, 2018 | 
 | Carrying Value | Fair Value | Carrying Value | Fair Value
Note payable | $1,283 | $1,309 | $4,750 | $4,732
Long-term leases | 1,054 | 940 | 1,340 | 1,171
 | $2,337 | $2,249 | $6,090 | $5,903


Question: What is the difference in the carrying value and the fair value of Notes Payable in 2019?
Answer: -26
Calculation: 1,283 - 1,309
united parcel service , inc . and subsidiaries notes to consolidated financial statements 8.375% ( 8.375 % ) debentures the 8.375% ( 8.375 % ) debentures consist of two separate tranches , as follows : 2022 $ 276 million of the debentures have a maturity of april 1 , 2030 . these debentures have an 8.375% ( 8.375 % ) interest rate until april 1 , 2020 , and , thereafter , the interest rate will be 7.62% ( 7.62 % ) for the final 10 years . these debentures are redeemable in whole or in part at our option at any time . the redemption price is equal to the greater of 100% ( 100 % ) of the principal amount and accrued interest , or the sum of the present values of the remaining scheduled payout of principal and interest thereon discounted to the date of redemption ( at a benchmark treasury yield plus five basis points ) plus accrued interest . 2022 $ 424 million of the debentures have a maturity of april 1 , 2020 . these debentures are not subject to redemption prior to maturity . interest is payable semiannually in april and october for both tranches and neither tranche is subject to sinking fund requirements . we subsequently entered into interest rate swaps on the 2020 debentures , which effectively converted the fixed interest rates on the debentures to variable libor-based interest rates . the average interest rate payable on the 2020 debentures , including the impact of the interest rate swaps , for 2016 and 2015 was 5.43% ( 5.43 % ) and 5.04% ( 5.04 % ) , respectively . floating rate senior notes the floating rate senior notes bear interest at either one or three-month libor , less a spread ranging from 30 to 45 basis points . the average interest rate for 2016 and 2015 was 0.21% ( 0.21 % ) and 0.01% ( 0.01 % ) , respectively . these notes are callable at various times after 30 years at a stated percentage of par value , and putable by the note holders at various times after 10 years at a stated percentage of par value . the notes have maturities ranging from 2049 through 2066 . in march , june and august 2016 , we issued floating rate senior notes in principal balances of $ 118 , $ 74 and $ 35 million , respectively . these notes bear interest at three-month libor less 30 basis points and mature in 2066 . capital lease obligations we have certain property , plant and equipment subject to capital leases . some of the obligations associated with these capital leases have been legally defeased . the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : .

Table:
 | 2016 | 2015
vehicles | $ 68 | $ 74
aircraft | 2291 | 2289
buildings | 190 | 207
accumulated amortization | -896 ( 896 ) | -849 ( 849 )
property plant and equipment subject to capital leases | $ 1653 | $ 1721
these capital lease obligations have principal payments due at various dates from 2017 through 3005. .

Question: what was the change in millions of buildings from 2015 to 2016?
Answer: -17
Calculation: subtract(190, 207)
Key Metrics
In addition to our results determined in accordance with GAAP, we believe the following operating metrics are useful as supplements in evaluating our ongoing operational performance and help provide an enhanced understanding of our business:
Total bookings. Total bookings represents cash receipts from the sale of products to customers in a given period adjusted for products where we recognize revenue on a net basis and without giving effect to certain adjustments, primarily net refunds granted in the period. Total bookings provides valuable insight into the sales of our products and the performance of our business since we typically collect payment at the time of sale and recognize revenue ratably over the term of our customer contracts. We report total bookings without giving effect to refunds granted in the period because refunds often occur in periods different from the period of sale for reasons unrelated to the marketing efforts leading to the initial sale. Accordingly, by excluding net refunds, we believe total bookings reflects the effectiveness of our sales efforts in a given period.
Total customers. We define a customer as an individual or entity, as of the end of a period, having an account with one or more paid product subscriptions. A single user may be counted asacustomer more than once if the user maintains paid subscriptions in multiple accounts. Total customers is one way we measure the scale of our business and is an important part of our ability to increase our revenue base
Average revenue per user (ARPU). We calculate ARPU as total revenue during the preceding 12 month period divided by the average of the number of total customers at the beginning and end of the period. ARPU provides insight into our ability to sell additional products to customers, though the impact to date has been muted due to our continued growth in total customers.
Table:
 | Year Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 | (unaudited) |  |  |  | 
Total bookings (in millions) | $3,401.2 | $3,011.5 | $2,618.2 | $2,155.5 | $1,914.2
Total customers at period end (in thousands) | 19,274 | 18,518 | 17,339 | 14,740 | 13,774
Average revenue per user | $158 | $148 | $139 | $130 | $121


Question: What is the average total bookings for 2017 and 2018?
Answer: 2814.85
Calculation: (3,011.5+2,618.2)/2
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 10: ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued expenses and other liabilities as of December 31, 2019 and 2018 consisted of the following:
Table:
 | December 31, 2019 | December 31, 2018
Payroll | $6,701 | $15,264
Accrued interest | 35,926 | 40,903
Accrued voyage expenses | — | 3,643
Accrued running costs | — | 42,212
Provision for estimated losses on vessels under time charter | — | 1,604
Audit fees and related services | 234 | 292
Accrued taxes | 8,002 | 6,268
Professional fees | 317 | 1,251
Other accrued expenses | — | 12,215
Total accrued expenses | $51,180 | $123,652


Question: What was the accrued running costs in 2018?
Answer: 42,212
Cash Flow
Our cash flows from operating, investing and financing activities, as reflected in the Consolidated Statement of Cash Flows on page 71 are summarized in the table below. These amounts include the cash flows associated with the Global Financing business.
Net cash provided by operating activities decreased $477 million in 2019 driven by the following key factors: • An increase in cash income tax payments of $346 million; • An increase in interest payments on debt of approximately $300 million, driven by incremental debt used to fund the acquisition of Red Hat; and • Performance-related declines within net income, including lower operating cash flows due to businesses divested in 2019; partially offset by • An increase of $836 million in cash provided by financing receivables.
Net cash used in investing activities increased $22,023 million driven by: • An increase in net cash used for acquisitions of $32,491 million, primarily driven by the acquisition of Red Hat; offset by • An increase of $7,223 million in cash provided by net non-operating finance receivables primarily driven by the wind down of OEM IT commercial financing operations; • A decrease in cash used for net capital expenditures of $1,346 million; and • An increase in cash provided by divestitures of $1,076 million.
Financing activities were a net source of cash of $9,042 million in 2019 compared to a net use of cash of $10,469 million in 2018. The year-to-year increase in cash flow of $19,512 million was driven by: • An increase in net cash sourced from debt transactions of $16,584 million primarily driven by net issuances to fund the Red Hat acquisition; and • A decrease in cash used for gross common share repurchases of $3,082 million.
Table:
($ in millions) |  | 
For the year ended December 31: | 2019 | 2018
Net cash provided by/(used in) continuing operations |  | 
Operating activities | $14,770 | $15,247
Investing activities | (26,936) | (4,913)
Financing activities | 9,042 | (10,469)
Effect of exchange rate changes on cash, cash equivalents and restricted cash | (167) | (495)
Net change in cash, cash equivalents and restricted cash | $(3,290) | $(630)


Question: What caused the Net cash used in investing activities to increase?
Answer: driven by the acquisition of Red Hat; offset by • An increase of $7,223 million in cash provided by net non-operating finance receivables primarily driven by the wind down of OEM IT commercial financing operations; • A decrease in cash used for net capital expenditures of $1,346 million; and • An increase in cash provided by divestitures of $1,076 million.
notes to consolidated financial statements the components of accumulated other comprehensive loss , net of related tax , are as follows: .

Table:
( millions ) as of december 31 | 2007 | 2006 | 2005
net derivative gains ( losses ) | $ 24 | $ 15 | $ -11 ( 11 )
net unrealized investment gains | 76 | 73 | 52
net foreign exchange translation | 284 | 118 | -119 ( 119 )
postretirement plans | -1110 ( 1110 ) | -1216 ( 1216 ) | -1077 ( 1077 )
accumulated other comprehensive loss | $ -726 ( 726 ) | $ -1010 ( 1010 ) | $ -1155 ( 1155 )
aon corporation .

Question: what are the average net unrealized investment gains for the period?
Answer: 67
Calculation: table_average(net unrealized investment gains, none)
We use a wide variety of raw materials in the manufacture of our products. Cost of sales and gross margin are subject to variability in raw material prices which continue to fluctuate for many of the raw materials we use, including copper, gold, and silver. In fiscal 2019, we purchased approximately 172 million pounds of copper, 122,000 troy ounces of gold, and 2.6 million troy ounces of silver. The following table presents the average prices incurred related to copper, gold, and silver:
In fiscal 2020, we expect to purchase approximately 170 million pounds of copper, 120,000 troy ounces of gold, and 2.4 million troy ounces of silver.
Table:
 |  |  | Fiscal
 | Measure | 2019 | 2018
Copper | Lb. | $ 2.93 | $  2.86
Gold | Troy oz. | 1,309 | 1,281
Silver | Troy oz. | 16.42 | 17.15


Question: What was the percentage change prices in the amount for Gold in 2019 from 2018?
Answer: 2.19
Calculation: ((1,309-1,281)/1,281) * 100
The following table represents the restricted stock units and SARS stock-based compensation information for the periods indicated (in thousands):
(1) Classified as income tax expense within the Consolidated Statements of Operations.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Intrinsic value of SARS exercised | $335 | $909 | $5,053
Fair value of restricted stock units vested | $49,725 | $62,592 | $44,010
Tax benefit for stock compensation expense(1) | $611 | $1,122 | $560
Unrecognized stock-based compensation expense — restricted stock units | $41,778 |  | 
Remaining weighted-average period for restricted stock units expense | 1.3years |  | 


Question: What was the Tax benefit for stock compensation expense in 2019?
Answer: $611
The following table details our restructuring activities as reflected in the Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017:
(1) Other associated costs excludes non-cash cost of $1.9 million for the year ended December 31, 2018 related to sharebased compensation expense.
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Continuing operations: |  |  | 
Other associated costs(1) | $ 60.3 | $ 13.9 | $ 14.3
Restructuring charges | 41.9 | 47.8 | 12.1
Total charges from continuing operations | 102.2 | 61.7 | 26.4
Charges included in discontinued operations | 2014 | 2014 | 2.4
Total charges | $ 102.2 | $ 61.7 | $ 28.8
Capital expenditures | $ 3.4 | $ 1.0 | $ 21.3


Question: What is the Restructuring charges for 2019 expressed as a percentage of Total charges for the year?
Answer: 41
Calculation: (41.9/102.2) * 100
Restricted Stock Awards and Restricted Stock Unit Awards
For equity based restricted stock and restricted stock unit awards that contain only service conditions for vesting (time-based awards), we calculate the award fair value based on the closing price of CenturyLink common stock on the accounting grant date. We also grant equity-based awards that contain service conditions as well as additional market or performance conditions. For awards having both service and market conditions, the award fair value is calculated using Monte-Carlo simulations. Awards with service as well as market or performance conditions specify a target number of shares for the award, although each recipient ultimately has the opportunity to receive between 0% and 200% of the target number of shares. For awards with service and market conditions, the percentage received is based on our total shareholder return over the three-year service period versus that of selected peer companies. For awards with service and performance conditions, the percentage received depends upon the attainment of one or more financial performance targets during the two or three-year service period.
The following table summarizes activity involving restricted stock and restricted stock unit awards for the year ended December 31, 2019:
(1) Shares granted whose related performance conditions were not finalized at December 31, 2019, were excluded from this figure.
During 2018, we granted 9.7 million shares of restricted stock and restricted stock unit awards at a weighted-average price of $17.02. During 2017, we granted 5.2 million shares of restricted stock and restricted stock unit awards at a weighted-average price of $22.02. The total fair value of restricted stock that vested during 2019, 2018 and 2017, was $118 million, $169 million and $60 million, respectively.
Table:
 | Number of shares | Weighed-Average Grant Date Fair Value
 | (In thousands) | 
Non-vested at December 31, 2018 | 17,059 | $19.65
Granted(1) | 9,780 | 12.41
Vested | (9,038) | 19.54
Forfeited | (1,757) | 18.62
Non-vested at December 31, 2019 | 16,044 | 15.42


Question: What is the sum of the total fair value of restricted stock vested during 2019, 2018 and 2017?
Answer: 347
Calculation: 118+169+60
Cash Flows
The following table sets forth selected consolidated cash flow information (in thousands):
Operating Activities Net cash provided by operating activities during the fiscal year ended August 31, 2019 was primarily due to increased accounts payable, accrued expenses and other liabilities, decreased inventories and non-cash expenses, partially offset by increased contract assets and accounts receivable. The increase in accounts payable, accrued expenses and other liabilities is primarily due to the timing of collections on accounts receivable sold under the securitization programs and the timing of purchases and cash payments. The decrease in inventories is primarily due to the adoption of ASU 2014-09 and the reclassification to contract assets for revenue recognized for over time customers, partially offset by an increase in inventories to support expected sales levels in the first quarter of fiscal year 2020. The increase in contract assets is due to the adoption of ASU 2014-09 and the timing of revenue recognition for over time customers. The increase in accounts receivable is primarily driven by the amended and new securitization programs and higher sales and timing of collections.
Investing Activities Net cash used in investing activities during the fiscal year ended August 31, 2019 consisted primarily of capital expenditures principally to support ongoing business in the DMS and EMS segments and expenditures for assets acquired in connection with the initial and second closings of the acquisition of certain assets of JJMD, partially offset by proceeds and advances from the sale of property, plant and equipment and cash receipts on sold receivables under the asset-backed securitization programs.
Financing Activities Net cash used in financing activities during the fiscal year ended August 31, 2019 was primarily due to: (i) payments for debt agreements, (ii) the repurchase of our common stock, (iii) dividend payments and (iv) treasury stock minimum tax withholding related to vesting of restricted stock. Net cash used in financing activities was partially offset by: (i) borrowings under debt agreements and (ii) net proceeds from the exercise of stock options and issuance of common stock under the employee stock purchase plan.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Net cash provided by (used in) operating activities | $1,193,066 | $(1,105,448) | $(1,464,085)
Net cash (used in) provided by investing activities | (872,454) | 1,240,914 | 2,141,263
Net cash used in financing activities | (415,772) | (47,044) | (404,546)
Effect of exchange rate changes on cash and cash equivalents | 554 | (20,392) | 5,228
Net (decrease) increase in cash and cash equivalents | $(94,606) | $68,030 | $277,860


Question: What was the change in Net cash provided by (used in) operating activities between 2018 and 2019?
Answer: 2298514
Calculation: $1,193,066-(-$1,105,448)
Non-GAAP Results
Management uses non-GAAP operating income and non-GAAP EPS to evaluate business performance without the impacts of certain non-cash charges and other charges which are not part of our usual operations. We use these non- GAAP measures to assess performance against business objectives, make business decisions, including developing budgets and forecasting future periods. In addition, management’s incentive plans include these non-GAAP measures as criteria for achievements. These non-GAAP measures are not in accordance with U.S. GAAP and may differ from non- GAAP methods of accounting and reporting used by other companies. However, we believe these non-GAAP measures provide additional information that enables readers to evaluate our business from the perspective of management. The presentation of this additional information should not be considered a substitute for results prepared in accordance with U.S. GAAP.
The non-GAAP results presented below exclude the impact of non-cash related charges, such as stock-based compensation and amortization of intangible assets. In addition, they exclude discontinued operations and other nonrecurring items such as acquisition-related costs and restructuring expenses, as they are not indicative of future performance. The tax effect of our non-GAAP adjustments represents the anticipated annual tax rate applied to each non-GAAP adjustment after consideration of their respective book and tax treatments and effect of adoption of the Tax Act.
Table:
Reconciliation of Non-GAAP measure - operating expenses and operating income from continuing operations, excluding certain items (in thousands) | Years Ended December 31, | 
 | 2019 | 2018
Gross profit from continuing operations, as reported | $ 315,652 | $365,607
Adjustments to gross profit: |  | 
Stock-based compensation | 525 | 742
Facility expansion and relocation costs | 3,891 | 1,328
Acquisition-related costs | 8,290 | 569
Non-GAAP gross profit | 328,358 | 368,246
Non-GAAP gross margin | 41.6% | 51.2%
Operating expenses from continuing operations, as reported | 261,264 | 194,054
Adjustments: |  | 
Amortization of intangible assets | (12,168) | (5,774)
Stock-based compensation | (6,803) | (8,961)
Acquisition-related costs | (12,002) | (1,726)
Facility expansion and relocation costs | (948) | (518)
Restructuring charges | (5,038) | (4,239)
Non-GAAP operating expenses | 224,305 | 172,836
Non-GAAP operating income | $  104,053 | $  195,410


Question: What was the change in stock-based compensation between 2018 and 2019?
Answer: -217
Calculation: 525-742
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 is the average annual total charges?
Answer: 42849.33
Calculation: (35,719+29,211+63,618)/3