hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Consolidated Financial Results
Operating Expenses
The following table sets forth operating expenses by segment for the periods presented (in millions):
The increase in Operating Expenses was primarily driven by higher net personnel costs, technology-related costs and acquisition-related costs in our Software Solutions segment. The increase in our Data and Analytics segment primarily related to higher net personnel costs and higher data costs related to revenue growth. The decrease in Corporate and Other was primarily driven by lower incentive bonus expense.
Table:
 | Year ended December 31, |  | Variance | 
 | 2019 | 2018 | $ | %
Software Solutions | $412.7 | $394.8 | $17.9 | 5%
Data and Analytics | 123.4 | 115.0 | 8.4 | 7%
Corporate and Other | 109.9 | 115.6 | (5.7) | (5)%
Total | $646.0 | $625.4 | $20.6 | 3%


Question: Which years does the table provide information for the company's operating expenses by segment?
Answer: 2019, 2018
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 primary reason for the decrease in Non-operating income (expense), net?
Answer: the absence of the fiscal 2018 $653 million gain on the divestiture of our WSS and PKI solutions
NOTE 13. INCOME TAXES
We calculate our provision for federal and state income taxes based on current tax law. U.S. federal tax reform (Tax Act) was enacted on December 22, 2017, and has several key provisions impacting the accounting for and reporting of income taxes. The most significant provision reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. We remeasured the applicable deferred tax assets and liabilities based on the rates at which they are expected to reverse. As a result, the gross deferred tax assets and liabilities were adjusted which resulted in an expense for income taxes of $7.1 million which was fully offset by a corresponding change to our valuation allowance in 2017. The Tax Act contains several base broadening provisions that became effective on January 1, 2018, that did not have a material impact on 2018 and 2019 earnings.
Deferred tax asset (liability) is comprised of the following (in thousands):
We have determined it is more likely than not that our deferred tax assets will not be realized. Accordingly, we have provided a valuation allowance for deferred tax assets.
Table:
December 31 |  | 
 | 2019 | 2018
Net operating loss carryforwards | $7,672 | $4,541
Stock options and warrants | 420 | 214
Property | 138 | 299
Intangible assets | 66 | 94
Capitalized expenses | 54 | 86
Other | 210 | 164
Operating right-of-use lease assets | (667) | 
Operating right-of-use lease liabilities | 794 | 
Net deferred tax assets | 8,687 | 5,398
Less: Valuation allowance | (8,687) | (5,398)
Deferred tax asset (liability) | $             - | $             -


Question: What is the average net operating loss carryforward in 2018 and 2019?
Answer: 6106.5
Calculation: (7,672 + 4,541)/2
Allowance for Doubtful Accounts
The Company bases its allowance for doubtful accounts on its historical collection experience and a review in each period of the status of the then outstanding accounts receivable.
A reconciliation of the beginning and ending amount of allowance for doubtful accounts is as follows (in thousands):
The Company recognized bad debt expense of $0.5 million, $0.8 million, and $1.4 million for the years ended December 31, 2019, 2018, and 2017, respectively.
Table:
 | 2019 | 2018 | 2017
Beginning balance, January 1 | $2,429 | $7,478 | $3,532
Additions and adjustments | 1,074 | 1,691 | 7,680
Write-offs | (2,128) | (6,740) | (3,734)
Ending balance, December 31 | $1,375 | $2,429 | $7,478


Question: What is the change in additions and adjustments between 2017 and 2018?
Answer: -5989
Calculation: (1,691-7,680)
the graph below compares expeditors international of washington , inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index and the nasdaq industrial transportation index ( nqusb2770t ) . the graph assumes that the value of the investment in our common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on 12/31/2013 and tracks it through 12/31/2018 . total return assumes reinvestment of dividends in each of the indices indicated . comparison of 5-year cumulative total return among expeditors international of washington , inc. , the s&p 500 index and the nasdaq industrial transportation index. .

Table:
 | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
expeditors international of washington inc . | $ 100.00 | $ 100.81 | $ 101.92 | $ 119.68 | $ 146.19 | $ 153.88
standard and poor's 500 index | 100.00 | 111.39 | 110.58 | 121.13 | 144.65 | 135.63
nasdaq industrial transportation ( nqusb2770t ) | 100.00 | 121.41 | 93.55 | 120.89 | 154.19 | 140.25
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Question: what is the difference in percentage of cumulative total return between expeditors international of washington inc . and the nasdaq industrial transportation ( nqusb2770t ) for the 5 year period ending 12/18?
Answer: 13.63%
Calculation: subtract(153.88, const_100), subtract(140.25, const_100), divide(#0, const_100), divide(#1, const_100), subtract(#2, #3)
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income decreased $ 305.7 million primarily due to the effect of the enactment of the tax cuts and jobs act , in december 2017 , which resulted in a decrease of $ 182.6 million in net income in 2017 , and the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense in 2016 . also contributing to the decrease in net income were higher other operation and maintenance expenses . the decrease was partially offset by higher net revenue and higher other income . see note 3 to the financial statements for discussion of the effects of the tax cuts and jobs act and the irs audit . 2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense in 2016 . also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income . the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses . see note 3 to the financial statements for discussion of the irs audit . net revenue 2017 compared to 2016 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) .

Table:
 | amount ( in millions )
2016 net revenue | $ 2438.4
regulatory credit resulting from reduction of thefederal corporate income tax rate | 55.5
retail electric price | 42.8
louisiana act 55 financing savings obligation | 17.2
volume/weather | -12.4 ( 12.4 )
other | 19.0
2017 net revenue | $ 2560.5
the regulatory credit resulting from reduction of the federal corporate income tax rate variance is due to the reduction of the vidalia purchased power agreement regulatory liability by $ 30.5 million and the reduction of the louisiana act 55 financing savings obligation regulatory liabilities by $ 25 million as a result of the enactment of the tax cuts and jobs act , in december 2017 , which lowered the federal corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) .
the effects of the tax cuts and jobs act are discussed further in note 3 to the financial statements. .

Question: how much higher was net revenue in 2017 than in 2016 ? ( in millions )
Answer: 122.1
Calculation: subtract(2560.5, 2438.4)
6.3 Changes in group structure
Discontinued operations
On 21 December 2018, the Group executed a share sale agreement to sell Infochoice Pty Ltd, a wholly owned subsidiary.
At 30 June 2019, Infochoice Pty Ltd was classified as a discontinued operation. The business of Infochoice Pty Ltd represented the Group’s financial services and products comparison operating segment. With Infochoice Pty Ltd being classified as a discontinued operation, its operating results are no longer presented in the segment note. The sale of Infochoice Pty Ltd was completed on 18 February 2019. The results of Infochoice Pty Ltd for the period are presented below:
Table:
 | CONSOLIDATED | 
 | JUN 2019 $’000 | JUN 2018 $’000
Revenue | 426 | 1,208
Expenses | (1,035) | (989)
Operating income | (609) | 219
Interest revenue | 5 | 9
Impairment of other intangible assets | (603) | (16,902)
Profit/(loss) before tax from discontinued operations | (1,207) | (16,674)
Tax benefit/(expense) related to current pre-tax loss | (1,150) | (55)
Post-tax profit/(loss) of  discontinued operations | (2,357) | (16,729)


Question: In which year is there a higher revenue?
Answer: 2018
Calculation: Find the year with the higher revenue
Group and business unit performance factors
The underlying values and weightings for each KPI are set and approved by the remuneration committee in advance of each year to determine parameters for the STI in the form of a balanced scorecard. Below is the group STI scorecard for FY19 that applied to the CEO, CFO, executive directors, prescribed officers and other participants:
* The actual targets have not been provided as they are linked to budget and considered commercially sensitive information.
** For the key performance indicators within the growth and efficiency strategic objectives, the targeted percentages for “threshold”, “on-target” and
“stretch” as set out above per key performance indicator represent the targeted percentage achievement of the underlying budgeted amounts.
Table:
Strategic objective | Strategic objective weighting | Key performance indicator | Key performance indicator weighting | Score = 50% | Score = 100% | Score = 200%
Growth*,** | 60% | Sales volume growth | 10% | 40,0% | 100,0% | 140,0%
 |  | Absolute gross margin | 10% | 96,8% | 100,0% | 103,6%
 |  | PBIT | 40% | 98,6% | 100,0% | 103,6%
Efficiency*,** | 10% | Cost savings initiatives | 5% | 98,6% | 100,0% | 123,4%
 |  | Net working capital | 5% | 101,2% | 100,0% | 97,7%
 |  |  |  | Reduction in execution-related marketplace incidents year-on-year by |  | 
People and sustainability* | 30% | Quality | 10% | 10% | 15% | 20%
 |  | Safety (LTIFR) | 10% | 120,0% | 100,0% | 80,0%
 |  | BBBEE score | 10% | Level 7 (60 to 61) | Level 7 (61.1 to 65) | Level 6


Question: How many key performance indicators that have the same weightage of 10%?
Answer: 5
Calculation: Sales volume growth##Absolute gross margin##Quality##Safety (LTIFR)##BBBEE score
12. Information about Segments of Geographic Areas
The Company operates in one segment, the development and marketing of network infrastructure equipment. Revenue is attributed to a geographical area based on the location of the customers. The Company operates in three geographic theaters: Americas, which includes the United States, Canada, Mexico, Central America and South America; EMEA, which includes Europe, Russia, Middle East and Africa; and APAC which includes Asia Pacific, China, South Asia and Japan. The Company’s chief operating decision maker (“CODM”), who is its CEO, reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance.
See Note 3. Revenues for the Company’s revenues by geographic regions and channel based on the customers’ ship-to location.
The Company’s long-lived assets are attributed to the geographic regions as follows (in thousands):
Table:
Long-lived Assets  | June 30,
2019 | June 30,
2018
Americas  | $136,035 | $178,251
EMEA   | 28,744 | 15,106
APAC   | 11,529 | 9,896
Total long-lived assets | $176,308 | $203,253


Question: What was the percentage change in total long-lived assets between 2018 and 2019?
Answer: -13.26
Calculation: (176,308-203,253)/203,253
NOTE 6. ACCOUNTS RECEIVABLE AND REVENUES
Amounts billed and due from our customers are classified as accounts receivables on our consolidated balance sheets and require
payment on a short-term basis. Invoices are generally issued at the point control transfers and substantially all of our invoices are due
within 30 days or less, however certain customers have terms of up to 120 days. For substantially all of our contracts, control of the
ordered product(s) transfers at our location. Periodically, we require payment prior to the point in time we recognize revenue. Amounts
received from customers prior to revenue recognition on a contract are contract liabilities, are classified as customer prepayments liability on our consolidated balance sheets and are typically applied to an invoice within 30 days of the prepayment. Revenues in 2019 include $0.1 million in unearned revenue as of December 31, 2018, and in 2018 include less than $0.1 million in unearned revenue as of
January 1, 2018.
Our accounts receivable potentially subject us to significant concentrations of credit risk. Revenues and accounts receivable from significant customers (customers with revenue or accounts receivable in excess of 10% of consolidated totals) are stated below as a percent of consolidated totals.
Table:
 |  |  | Customer |  | 
 | A | B | C | D | E
% of revenue, 2019 | 11% | 9% | 16% | 3% | 2%
% of revenue, 2018 | 17% | 14% | 1% | 4% | -%
% of accounts receivable, as of December 31, 2019 | 10% | 8% | 31% | -% | 10%
% of accounts receivable, as of December 31, 2018 | 13% | -% | 16% | 14% | -%


Question: What are the respective accounts receivables as a percentage of revenue from customers B and C in 2019?
Answer: 9%, 16%
Summarized financial information concerning our segments is shown in the tables below (in millions):
(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP
(2) Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $51.7 million, $51.4 million and $19.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(4) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.
(6) Receivables from related parties are included in Corporate and Other.
(7) Transition and integration costs primarily consists of legal and professional fees related to the Distribution and transition-related costs following the Distribution.
Table:
 |  |  | Year ended December 31, 2017 |  | 
 | Software Solutions | Data and Analytics | Corporate and Other |  | Total
Revenues | $904.5 | $151.6 | $(4.5) | (1) | $1,051.6
Expenses: |  |  |  |  | 
Operating expenses | 388.0 | 113.2 | 68.3 | (2) | 569.5
Transition and integration costs | — | — | 13.1 | (7) | 13.1
EBITDA | 516.5 | 38.4 | (85.9) |  | 469.0
Depreciation and amortization | 101.2 | 12.8 | 92.5 | (4) | 206.5
Operating income (loss) | 415.3 | 25.6 | (178.4) |  | 262.5
Interest expense, net |  |  |  |  | (57.5)
Other expense, net |  |  |  |  | (12.6)
Earnings before income taxes |  |  |  |  | 192.4
Income tax benefit |  |  |  |  | (61.8)
Net earnings |  |  |  |  | $254.2
Balance sheet data: |  |  |  |  | 
Total assets | $3,223.5 | $304.7 | $127.7 | (6) | $3,655.9
Goodwill | $2,134.7 | $172.1 | $— |  | $2,306.8


Question: What was the total amount of Goodwill?
Answer: 2,306.8
Note 11. Share-Based Compensation
A summary of share-based compensation expense recognized in the Company’s Consolidated Statements of Operations is as follows (in thousands):
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Cost of revenues | $8,741 | $4,982 | $3,735
Research and development | 23,132 | 14,975 | 9,550
Sales and marketing | 38,325 | 27,324 | 16,015
General and administrative | 31,156 | 20,807 | 12,760
Total share-based compensation expense | $101,354 | 68,088 | 42,060


Question: What are the respective share-based compensation for research and development in 2018 and 2019?
Answer: 14,975, 23,132
The change in projected benefit obligation and the accumulated benefit obligation, were as follows (in millions):
The Company's pension liability represents the present value of estimated future benefits to be paid. The discount rate is based on the quarterly average yield for Euros treasuries with a duration of 30 years, plus a supplement for corporate bonds  consolidated balance sheets, will be recognized as a component of net periodic cost over the average remaining service period.
As the defined benefit plans are unfunded, the liability recognized on the Company's consolidated balance sheet as of March 31, 2019 was $72.7 million of which $1.3 million is included in accrued liabilities and $71.4 million is included in other long-term liabilities. The liability recognized on the Company's consolidated balance sheet as of March 31, 2018 was $61.0 million of which $0.9 million is included in accrued liabilities and $60.1 million is included in other long-term liabilities.
Table:
 | Year Ended March 31, | 
 | 2019 | 2018
Projected benefit obligation at the beginning of the year | $61.0 | $50.4
Additions due to acquisition of Microsemi | 9.8 | —
Service cost | 1.5 | 2.2
Interest cost | 1.1 | 1.0
Actuarial losses | 6.0 | 0.7
Benefits paid | (0.9) | (0.8)
Foreign currency exchange rate changes | (5.8) | 7.5
Projected benefit obligation at the end of the year | $72.7 | $61.0
Accumulated benefit obligation at the end of the year | $66.7 | $55.5
Weighted average assumptions |  | 
Discount rate | 1.41% | 1.73%
Rate of compensation increase | 2.79% | 2.91%


Question: What was the change in Service cost between 2018 and 2019?
Answer: -0.7
Calculation: 1.5-2.2
4. Debt, Capital Lease Obligations and Other Financing
Debt and capital lease obligations as of September 28, 2019 and September 29, 2018, consisted of the following (in thousands):
On June 15, 2018, the Company entered into a Note Purchase Agreement (the “2018 NPA”) pursuant to which it issued an aggregate of$ 150.0 million in principal amount of unsecured senior notes, consisting of $100.0 million in principal amount of 4.05% Series A Senior Notes, due on June 15, 2025, and $50.0 million in principal amount of 4.22% Series B Senior Notes, due on June 15, 2028 (collectively, the “2018 Notes”), in a private placement. The 2018 NPA includes customary operational and financial covenants with which the Company is required to comply, including, among others, maintenance of certain financial ratios such as a total leverage ratio and a minimum interest coverage ratio. The 2018 Notes may be prepaid in whole or in part at any time, subject to payment of a makewhole amount; interest on the 2018 Notes is payable semiannually. At September 28, 2019, the Company was in compliance with the covenants under the 2018 NPA.
In connection with the issuance of the 2018 Notes, on June 15, 2018, the Company repaid, on maturity $175.0 million in principal amount of its previous 5.20% Senior Notes.
On May 15, 2019, the Company refinanced its then-existing senior unsecured revolving credit facility (the "Prior Credit Facility") by entering into a new5 -year senior unsecured revolving credit facility (collectively with the Prior Credit Facility, referred to as the "Credit Facility"), which expanded the maximum commitment from $300.0 million to $350.0 million and extended the maturity from July 5, 2021 to May 15, 2024. The maximum commitment under the Credit Facility may be further increased to $600.0 million, generally by mutual agreement of the Company and the lenders, subject to certain customary conditions. During fiscal 2019, the highest daily borrowing was $250.0 million; the average daily borrowings were $140.7 million. The Company borrowed $1,084.5 million and repaid $989.5 million of revolving borrowings under the Credit Facility during fiscal 2019. The Company was in compliance with all financial covenants relating to the Credit Agreement, which are generally consistent with those in the 2018 NPA discussed above. The Company is required to pay a commitment fee on the daily unused revolver credit commitment based on the Company's leverage ratio; the fee was 0.125% as of September 28, 2019.
Table:
 | 2019 | 2018
4.05% Senior Notes, due June 15, 2025 | $100,000 | $100,000
4.22% Senior Notes, due June 15, 2028  | 50,000 | 50,000
Borrowings under the credit facility | 95,000 | —
Capital lease and other financing obligations | 44,492 | 39,857
Unamortized deferred financing fees | (1,512) | (1,240)
Total obligations | 287,980 | 188,617
Less: current portion  | (100,702) | (5,532)
Long-term debt and capital lease obligations, net of current portion | 187,278 | 183,085


Question: What was the change in the Unamortized deferred financing fees between 2018 and 2019?
Answer: -272
Calculation: -1,512-(-1,240)
Valuation and Qualifying Accounts
Following is our schedule of valuation and qualifying accounts for the last three years (in thousands):
(1) Amounts under “Other” represent the reserves and valuation allowance assumed in acquisition of LoJack.
The warranty reserve is included in the Other Current Liabilities in the consolidated balance sheets.
(2) Amount under “Other” represents the valuation allowance previously netted against deferred tax assets of foreign net deferred tax assets not recorded on the balance sheet, which were disclosed narratively in the fiscal 2018 Form 10-K (see Note 12). Deferred tax assets and valuation allowances were grossed up by $15.1 million.
Table:
 |  | Charged |  |  | 
 |  | (credited) |  |  | 
 | Balance at | to costs |  |  | Balance at
 | beginning | and |  |  | end of
 | of year | expenses | Deductions | Other | year
Allowance for doubtful accounts: |  |  |  |  | 
Fiscal 2017 | 622 | 541 | (201) | - | 962
Fiscal 2018 | 962 | 685 | (461) | - | 1,186
Fiscal 2019 | 1,186 | 1,230 | (660) |  | 1,756
Warranty reserve: |  |  |  |  | 
Fiscal 2017 (1) | 1,892 | 1,305 | (2,562) | 5,883 | 6,518
Fiscal 2018 | 6,518 | 1,331 | (2,115) | - | 5,734
Fiscal 2019 | 5,734 | 1,126 | (5,462) |  | 1,398
Deferred tax assets valuation allowance: |  |  |  |  | 
Fiscal 2017 (1) | 1,618 | 1,391 | - | 3,578 | 6,587
Fiscal 2018 (2) | 6,587 | - | (4,835) | 15,092 | 16,844
Fiscal 2019 | 16,844 | 799 | (6,714) | - | 10,929


Question: What do the amounts under "Other" represnet?
Answer: the reserves and valuation allowance assumed in acquisition of LoJack.