hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
3. Property, Plant and Equipment
Property, plant and equipment as of September 28, 2019 and September 29, 2018 consisted of the following (in thousands):
Table:
 | 2019 | 2018
Land, buildings and improvements | $289,051 | $267,809
Machinery and equipment | 381,656 | 364,034
Computer hardware and software | 136,227 | 130,645
Capital assets in progress | 49,599 | 38,469
Total property, plant and equipment, gross  | 856,533 | 800,957
Less: accumulated depreciation  | (472,309) | (459,651)
Total property, plant and equipment, net | 384,224 | 341,306


Question: What was the change in Computer hardware and software between 2018 and 2019?
Answer: 5582
Calculation: 136,227-130,645
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (excluding interest and penalties):
Included in the balance of unrecognized tax benefits as of December 31, 2019 and 2018 are $2,495 and $220, respectively, of tax benefits that, if recognized would affect the effective tax rate.
The Company records interest and penalties on unrecognized tax benefits in its provision for income taxes. Accrued interest and penalties are included within the related liability for unrecognized tax benefit line on the consolidated balance sheets. During the years ended December 31, 2019 and 2018, the Company accrued interest of $114 and $0, respectively, and recorded liabilities for interest and penalties of $252 and $0, respectively.
After taking into consideration tax attributes, such as net operating loss carryforwards and interest, the Company’s unrecognized tax benefits represent a noncurrent reserve for uncertain tax positions of $864 and $220 as of December 31, 2019 and 2018, respectively.
The U.S. Internal Revenue Service completed exams on the Company's U.S. federal income tax returns for years 2012 - 2015. With few exceptions, the Company is no longer subject to state and local income tax examinations by tax authorities for years before 2015. The Company conducts business and files income tax returns in numerous states. Currently, one of the Company's state tax returns is under examination by a state as part of routine audits conducted in the ordinary course of business.
The future utilization of state net operating losses could potentially subject the Company to state examinations prior to the otherwise applicable statute of limitation. States vary in carryforward periods but generally extend up to 20 years or a period consistent with the federal limits under the Tax Cuts and Jobs Act.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Balance of unrecognized tax benefits as of January 1, | $1,226 | $37,240
Increases for positions taken in prior years | 1,353 | 657
Rate change | (84) | —
Amount of decreases related to settlements | — | (36,671)
Balance of unrecognized tax benefits as of December 31, | $2,495 | $1,226


Question: For which years did U.S. Internal Revenue Service completed exams on the Company's U.S. federal income tax returns?
Answer: 2012 - 2015
Performance
Free Cash Flow was £54.9m in FY19 compared to £92.4m in FY18, the decrease primarily reflecting the impact of US cash flows. This represents a conversion rate of 36% of Adjusted EBITDA (FY18: 45%). Excluding the US cash flows, Free Cash Flow Conversion increased to 47% from 33% in FY18, driven by improved EBITDA, lower working capital outflows, lower interest costs and lower exceptional cashflows.
Several other factors had a specific impact on cash flow during FY19. These included the effects of the disposal of the US business and associated capital restructuring, as well as the timing of dividend payments.
Net Debt decreased to £288.5m from £501.1m at the end of FY18. The Group’s Net Debt:EBITDA leverage as measured under financing agreements was 1.8x at year end. This compared to 1.9x at the end of March 2019 and 2.3x at the end of September 2018. This outturn includes the increased debt associated with the Freshtime acquisition completed in early September 2019. As at 27 September 2019, the Group had committed facilities of £506m with a weighted average maturity of 4.0 years.
ROIC was 14.4% for the 12 months ended 27 September 2019, compared to 15.6% for the 12 months ended 28 September 2018. The reduction was primarily driven by increased investment, in particular the timing of the acquisition of Freshtime and was so impacted by an increased tax rate.
Table:
 | FY19 £m | FY18 £m | Change (As reported)
Free Cash Flow | 54.9 | 92.4 | -£37.5m
Net Debt | 288.5 | 501.1 | 
Net Debt:EBITDA as per financing agreements | 1.8x | 2.3x | 
ROIC | 14.4% | 15.6% | -120bps


Question: What is the average net debt for FY18 and FY19?
Answer: 394.8
Calculation: (288.5 + 501.1) / 2
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 8: INTANGIBLE ASSETS/LIABILITIES OTHER THAN GOODWILL
Net Book Value of Intangible Assets other than Goodwill as at December 31, 2018
(**) During the year ended December 31, 2018, acquisition costs of $1,150 of favorable lease terms were capitalized as part of the cost of one vessel due to the exercise of the purchase option (See also Note 2(n)). As of December 31, 2018, intangible assets associated with the favorable lease terms included an amount of $31,342 associated with the favorable lease terms of certain charter out contracts of Navios Containers which were recognized as of November 30, 2018 (see Note 3). During the year ended December 31, 2017, acquisition costs of $10,398 and accumulated amortization of $7,001 of favorable lease terms were considered impaired and were written off resulting in a loss of $3,397 included in the statement of comprehensive (loss)/income within the caption of “Impairment loss/ loss on sale of vessels, net”.
Table:
 | Acquisition Cost | Accumulated Amortization | Transfer/ Write off | Net Book Value December 31, 2018
Trade name | $100,420 | $(47,966) | $— | $52,454
Port terminal operating rights | 53,152 | (11,838) | — | 41,314
Customer relationships | 35,490 | (19,520) | — | 15,970
Favorable lease terms(**) | 32,492 | (2,143) | (1,150) | 29,199
Total Intangible assets | $221,554 | $(81,467) | $(1,150) | $138,937


Question: What was the difference between the accumulated amortization between Customer relationships and favorable lease terms?
Answer: -17377
Calculation: -19,520-(-2,143)
Consolidated Statements of Operations Data
The following table sets forth consolidated statements of operations data for the periods indicated (amounts in millions) and as a percentage of total net revenues, except for cost of revenues, which are presented as a percentage of associated revenues:
(1) During the three months ended March 31, 2019, we identified an amount which should have been recorded in the three months and year ended December 31, 2018 to reduce income tax expense by $35 million. Our statement of operations for the year ended December 31, 2018, as presented above, has been revised to reflect the correction. See further discussion in Note 2 of the notes to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K.
(2) Represents the loss on extinguishment of debt we recognized in connection with our debt financing activities during the year ended December 31, 2018. The loss on extinguishment is comprised of a $25 million premium payment and a $15 million write-off of unamortized discount and deferred financing costs.
Table:
 | For the Years |  | Ended December 31, | 
 | 2019 |  | 2018(1) | 
Net revenues |  |  |  | 
Product sales | $1,975 | 30% | $2,255 | 30%
Subscription, licensing, and other revenues | 4,514 | 70 | 5,245 | 70
Total net revenues | 6,489 | 100 | 7,500 | 100
Costs and expenses |  |  |  | 
Cost of revenues—product sales: |  |  |  | 
Product costs | 656 | 33 | 719 | 32
Software royalties, amortization, and intellectual property licenses | 240 | 12 | 371 | 16
Cost of revenues—subscription, licensing, and other |  |  |  | 
Game operations and distribution costs | 965 | 21 | 1,028 | 20
Software royalties, amortization, and intellectual property licenses | 233 | 5 | 399 | 8
Product development | 998 | 15 | 1,101 | 15
Sales and marketing | 926 | 14 | 1,062 | 14
General and administrative | 732 | 11 | 822 | 11
Restructuring and related costs | 132 | 2 | 10 | —
Total costs and expenses | 4,882 | 75 | 5,512 | 73
Operating income | 1,607 | 25 | 1,988 | 27
Interest and other expense (income), net | (26) | — | 71 | 1
Loss on extinguishment of debt (2) | — | — | 40 | 1
Income before income tax expense | 1,633 | 25 | 1,877 | 25
Income tax expense | 130 | 2 | 29 | —
Net income | $1,503 | 23% | $1,848 | 25%


Question: What is the percentage change in operating income between 2018 and 2019?
Answer: -19.16
Calculation: (1,607-1,988)/1,988
Non-operating income (expense), net
Non-operating income (expense), net, decreased primarily due to the absence of the fiscal 2018 $653 million gain on the divestiture of our WSS and PKI solutions. In addition, our loss from our equity interest received in connection with the divestiture of our WSS and PKI solutions increased $75 million, which was partially offset by a $48 million decrease in interest expense as a result of lower outstanding borrowings due to repayments.
Table:
 | Fiscal Year |  | 
(In millions) | 2019 | 2018 | Variance in Dollars
Interest expense | $(208) | $(256) | $48
Gain on divestiture | — | 653 | (653)
Interest income | 42 | 24 | 18
Loss from equity interest | (101) | (26) | (75)
Foreign exchange loss | (18) | (28) | 10
Other | 13 | 21 | (8)
Total other income (expense), net | $(272) | $388 | $(660)


Question: What was the percentage change in income from fiscal 2018 to fiscal 2019?
Answer: -170.1
Calculation: -660/388
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dow jones , and the s&p 500 . the graph assumes that the value of the investment in the common stock of union pacific corporation and each index was $ 100 on december 31 , 2002 , and that all dividends were reinvested . comparison of five-year cumulative return 2002 2003 2004 2005 2006 2007 upc s&p 500 peer group dj trans purchases of equity securities 2013 during 2007 , we repurchased 13266070 shares of our common stock at an average price of $ 115.66 . during the first nine months of 2007 , we repurchased 10639916 shares of our common stock at an average price per share of $ 112.68 . the following table presents common stock repurchases during each month for the fourth quarter of 2007 : period number of shares purchased average paid per total number of shares purchased as part of a publicly announced plan or program maximum number of shares that may yet be purchased under the plan or program .

Table:
period | totalnumber ofsharespurchased[a] | averagepricepaid pershare | total number of sharespurchased as part of apublicly announcedplan orprogram | maximum number ofshares that may yetbe purchased underthe plan orprogram[b]
oct . 1 through oct . 31 | 99782 | $ 128.78 | - | 9774279
nov . 1 through nov . 30 | 540294 | 124.70 | 528000 | 9246279
dec . 1 through dec . 31 | 1986078 | 128.53 | 1869800 | 7376479
total | 2626154 | $ 127.75 | 2397800 | n/a
[a] total number of shares purchased during the quarter includes 228354 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .
[b] on january 30 , 2007 , our board of directors authorized us to repurchase up to 20 million shares of our common stock through december 31 , 2009 .
we may make these repurchases on the open market or through other transactions .
our management has sole discretion with respect to determining the timing and amount of these transactions. .

Question: during the fourth quarter of 2007 what was the percent of the total number of shares purchased in november
Answer: 21%
Calculation: divide(540294, 2626154)
Interest Expense
Interest expense includes interest on total long-term debt. The following table presents the amount of gross interest expense, net of capitalized interest:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Interest expense: |  |  | 
Gross interest expense | $2,093 | 2,230 | 1,559
Capitalized interest | (72) | (53) | (78)
Total interest expense | $2,021 | 2,177 | 1,481


Question: What is the total interest expense in 2019?
Answer: $2,021
marathon oil corporation notes to consolidated financial statements stock-based performance unit awards 2013 during 2018 , 2017 and 2016 we granted 754140 , 563631 and 1205517 stock- based performance unit awards to officers . at december 31 , 2018 , there were 1196176 units outstanding . total stock-based performance unit awards expense was $ 13 million in 2018 , $ 8 million in 2017 and $ 6 million in 2016 . the key assumptions used in the monte carlo simulation to determine the fair value of stock-based performance units granted in 2018 , 2017 and 2016 were: .

Table:
 | 2018 | 2017 | 2016
valuation date stock price | $ 14.17 | $ 14.17 | $ 14.17
expected annual dividend yield | 1.4% ( 1.4 % ) | 1.4% ( 1.4 % ) | 1.4% ( 1.4 % )
expected volatility | 39% ( 39 % ) | 43% ( 43 % ) | 52% ( 52 % )
risk-free interest rate | 2.5% ( 2.5 % ) | 2.6% ( 2.6 % ) | 2.4% ( 2.4 % )
fair value of stock-based performance units outstanding | $ 19.60 | $ 19.45 | $ 21.51
18 .
defined benefit postretirement plans and defined contribution plan we have noncontributory defined benefit pension plans covering substantially all domestic employees , as well as u.k .
employees who were hired before april 2010 .
certain employees located in e.g. , who are u.s .
or u.k .
based , also participate in these plans .
benefits under these plans are based on plan provisions specific to each plan .
for the u.k .
pension plan , the principal employer and plan trustees reached a decision to close the plan to future benefit accruals effective december 31 , 2015 .
we also have defined benefit plans for other postretirement benefits covering our u.s .
employees .
health care benefits are provided up to age 65 through comprehensive hospital , surgical and major medical benefit provisions subject to various cost- sharing features .
post-age 65 health care benefits are provided to certain u.s .
employees on a defined contribution basis .
life insurance benefits are provided to certain retiree beneficiaries .
these other postretirement benefits are not funded in advance .
employees hired after 2016 are not eligible for any postretirement health care or life insurance benefits. .

Question: by how much did the fair value of stock-based performance units outstanding decrease from 2016 to 2018?
Answer: -8.9%
Calculation: subtract(19.60, 21.51), divide(#0, 21.51)
ITEM 6. SELECTED FINANCIAL DATA
The selected financial data presented below has been derived from our audited consolidated financial statements. This data should be read in conjunction with “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Item 8. Financial Statements and Supplementary Data” of this Annual Report.
(2) We retrospectively adopted ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” in 2018. As a result, we have adjusted balances for 2017 and 2016. We have not adjusted 2015 for ASU 2014-09.
(3) On January 1, 2019, we adopted Accounting Standards Codification 842 “Leases” (“ASC 842”) using the modified retrospective method, reflecting any cumulative effect as an adjustment to equity. Results for reporting periods beginning on or after January 1, 2019 are presented under ASC 842, while prior period amounts were not adjusted and continue to be reported in accordance with the Company’s historical accounting under ASC 840 “Leases.”
Table:
 |  | December 31. |  |  | 
(in thousands) | 2019 | 2018 | 2017 | 2016 | 2015
Consolidated Balance Sheet Data (2) (3): |  |  |  |  | 
Total cash, cash equivalents, and marketable securities | $68,363 | $207,423 | $223,748 | $133,761 | $219,078
Goodwill | $79,039 | $72,858 | $72,952 | $73,164 | $46,776
Total assets | $984,812 | $982,553 | $1,012,753 | $867,135 | $627,758
Total stockholders’ equity | $539,010 | $621,531 | $655,870 | $548,940 | $322,859


Question: What are the respective goodwill amounts in 2018 and 2019?
Answer: $72,858, $79,039
30. Financial instruments and financial risk management continued
b) Credit risk continued
The composition of trade receivables at 31 December is as follows:
The Group closely monitors amounts due from customers and performs activities such as credit checks and reviews of payment history and has put in place appropriate credit approval limits. Based on these procedures, management assessed the quality of those receivables that are past due but not impaired as low risk.
The receivables’ provision is based on expected credit losses. The movement on the provision during the year is given in note 20. The value of impaired trade receivables is $1.4 million (2018 $0.9 million). For all other financial assets, the maximum exposure to credit risk is represented by the carrying amount.
Table:
 | 2019 | 2018
 | $ million | $ million
Neither impaired nor past due | 115.3 | 99.8
Past due but not impaired: |  | 
– Less than 30 days overdue | 8.6 | 16.8
– 30 to 60 days | 3.6 | 3.2
– Over 60 days | 1.2 | 3.6
Trade receivables | 128.7 | 123.4


Question: What was the change in trade receivables?
Answer: 5.3
Calculation: 128.7-123.4
Reconciliations between the amounts computed by applying the U.S. federal statutory tax rate to loss before income taxes, and income tax expense (benefit) follows (in thousands):
We determined no material liabilities related to uncertain income tax positions existed as of December 31, 2019 or 2018, based on our analysis of tax positions taken on income tax returns filed. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state, and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made.
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Income tax benefit at federal statutory rate | $(2,928) | $(1,692)
Increase (decrease) resulting from: |  | 
State tax benefit, net of federal tax effect | (437) | (184)
Effect of change in state tax rate | (26) | 146
Change in valuation allowance | 3,341 | (8,474)
Expirations of net operating losses and application of IRC 382 limitation | 7 | 9,939
Adjustments to deferreds | (29) | 321
Other | 72 | (11)
Income tax expense | $          - | $           45


Question: What are the respective income tax benefits in 2018 and 2019?
Answer: 1,692, 2,928
Operating Income (Loss) by Business Unit
Percentages reflect operating income (loss) as a percentage of revenue for each business unit.
CNBU operating income for 2019 decreased from 2018 primarily due to declines in pricing and higher R&D costs, partially offset by cost reductions. MBU operating income for 2019 decreased from 2018 primarily due to declines in pricing partially offset by increases in sales of high-value managed NAND products and manufacturing cost reductions. SBU operating margin for 2019 declined from 2018 primarily due to declines in pricing, which were partially offset by manufacturing cost reductions and increases in sales volumes. SBU operating results for 2019 and 2018 were adversely impacted by the underutilization charges at IMFT. EBU operating income for 2019 decreased from 2018 as a result of declines in pricing and higher R&D costs partially offset by manufacturing cost reductions and increases in sales volumes.
CNBU operating income for 2018 improved from 2017 primarily due to improved pricing and higher sales volumes resulting from strong demand for our products combined with manufacturing cost reductions. MBU operating income for 2018 improved from 2017 primarily due to increases in pricing and sales volumes for LPDRAM products, higher sales of high-value managed NAND products, and manufacturing cost reductions. SBU operating income for 2018 improved from 2017 primarily due to manufacturing cost reductions enabled by our execution in transitioning to 64-layer TLC 3D NAND products and improvements in product mix. SBU operating income for 2018 was adversely impacted by higher costs associated with IMFT's production of 3D XPoint memory products at less than full capacity. EBU operating income for 2018 increased as compared to 2017 as a result of increases in average selling prices, manufacturing cost reductions, and increases in sales volumes, partially offset by higher R&D costs.
Table:
For the year ended | 2019 | 2019 | 2018 | 2018 | 2017 | 2017
CNBU | $4,645 | 47% | $9,773 | 64% | $3,755 | 44%
MBU | 2,606 | 41% | 3,033 | 46% | 927 | 21%
SBU | (386) | (10)% | 964 | 19% | 552 | 12%
EBU | 923 | 29% | 1,473 | 42% | 975 | 36%
All Other | 13 | 18% | — | —% | 23 | 35%
 | $7,801 |  | $15,243 |  | $6,232 | 


Question: What is the ratio of CNBU and MBU total operating income in 2019 to those in 2018?
Answer: 0.57
Calculation: (4,645+2,606)/(9,773+3,033)
NOTE L – INCOME TAXES
On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact the Company: (1) reducing the U.S. federal corporate income tax rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) limiting the deductibility of certain executive compensation; and (5) limiting certain other deductions.
The Company follows ASC 740-10 “Income Taxes” which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
A reconciliation of tax expense computed at the statutory federal tax rate on loss from operations before income taxes to the actual income tax (benefit) /expense is as follows:
Table:
 | 2019 | 2018
Tax benefit computed at the statutory rate | $(427,244) | $(631,497)
State taxes | 6,525 | 6,874
Book expenses not deductible for tax purposes | 2,980 | 2,882
Rate Change | 45,656 | –
Other | 2,517 | (27,286)
 | (369,566) | (649,027)
Change in valuation allowance for deferred tax assets | 269,203 | 658,650
Income tax (benefit) expense | $(100,363) | $9,623


Question: What is the change in state taxes from 2018 to 2019?
Answer: -349
Calculation: 6,525-6,874