hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The following highlights net sales by geographic location (amounts in thousands):
(1) Revenues are attributed to countries or regions based on the location of the customer. Net Sales to one customer, TTI, Inc., exceeded 10% of total net sales as follows: $184.3 million, $133.5 million and $104.4 million in fiscal years 2019, 2018 and 2017, respectively.
(2) No country included in this caption exceeded 3% of consolidated net sales for fiscal years 2019, 2018 and 2017.
(3) Fiscal years ended March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
Table:
 |  | Fiscal Years Ended March 31,(1) | 
 | 2019 | 2018 | 2017
United States | $292,980 | $233,133 | $198,250
Hong Kong | 188,102 | 169,073 | 121,813
Germany | 124,805 | 105,548 | 104,755
Europe (2) (3) | 76,149 | 64,248 | 63,863
China | 173,148 | 163,016 | 71,223
Taiwan | 88,853 | 78,728 | 9,147
Asia Pacific (2) | 47,233 | 36,647 | 26,878
Japan | 178,502 | 170,282 | 3,565
United Kingdom | 42,472 | 37,038 | 33,837
Netherlands | 44,065 | 39,684 | 32,478
Malaysia | 33,748 | 28,165 | 15,177
Singapore | 19,417 | 17,267 | 15,565
Italy | 15,551 | 17,905 | 15,376
Hungary | 12,245 | 13,254 | 18,856
Mexico | 44,267 | 23,915 | 22,424
Other Countries (2) | 1,281 | 2,278 | 4,131
Total Non-United States (3) | 1,089,838 | 967,048 | 559,088
 | $1,382,818 | $1,200,181 | $757,338


Question: What was the net sales in Hong Kong in 2018?
Answer: 169,073
2019 Performance Target and Payout: The ultimate number of our PBRS that vest, can range between 0% to 200%, and will be based on our achievement of the absolute Adjusted EBITDA Run Rate target (measured from fourth quarter of 2018 to fourth quarter of 2020), as illustrated in the table below.
(1) Determined by dividing (i) the Adjusted EBITDA actually attained for the fourth quarter of 2020 minus the Adjusted EBITDA actually attained for the fourth quarter of 2018 by (ii) the Adjusted EBITDA actually attained for the fourth quarter of 2018.
(2) Linear interpolation is used when our Adjusted EBITDA Run Rate performance is between the threshold, target and maximum amounts to determine the corresponding percentage of target award earned.
Table:
Performance Level | Adjusted EBITDA Run Rate(1) | Payout as % of Target Award(2)
Maximum | ≥ 2.8% | 200%
Target | 0.0% | 100%
Threshold | (2.8)% | 50%
Below Threshold | < (2.8)% | 0%


Question: What are the different performance levels?
Answer: Maximum, Target, Threshold, Below Threshold
Return on invested capital
Return on invested capital (ROIC) is a measure of the return generated on capital invested by the Group. The measure provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback. ROIC is calculated as underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
(b) See reconciliation of operating profit to underlying operating profit on page 30.
(c) Tax on underlying operating profit is calculated as underlying operating profit before tax multiplied by underlying effective tax rate of 25.5% (2018: 25.7%) which is shown on page 30.
Table:
 | € million 2019 | € million 2018
 |  | (Restated)(a)
Underlying operating profit before tax(b) | 9,947 | 9,463
Tax on underlying operating profit(c) | (2,536) | (2,432)
Operating profit after tax | 7,411 | 7,031
Goodwill | 18,067 | 17,341
Intangible assets | 12,962 | 12,152
Property, plant and equipment | 12,062 | 12,088
Net assets held for sale | 81 | 108
Inventories | 4,164 | 4,301
Trade and other current receivables | 6,695 | 6,482
Trade payables and other current liabilities | (14,768) | (14,457)
Period-end invested capital | 39,263 | 38,015
Average invested capital for the period | 38,639 | 38,749
Return on average invested capital | 19.2% | 18.1%


Question: How is ROIC calculated?
Answer: underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
14. Net Loss Per Share
Basic net loss per common share for the years ended December 31, 2019 and 2018 was computed by dividing the net loss attributable to Neonode Inc. for the relevant period by the weighted average number of shares of common stock outstanding during the year. Diluted loss per common share is computed by dividing net loss attributable to Neonode Inc. for the relevant period by the weighted average number of shares of common stock and common stock equivalents outstanding during the year.
Potential common stock equivalents of approximately 0 and 350,000 outstanding stock warrants, 0 and 11,000 shares issuable upon conversion of preferred stock and 0 and 0 stock options are excluded from the diluted earnings per share calculation for the years ended December 31, 2019 and 2018, respectively, due to their anti-dilutive effect.
Table:
(In thousands, except per share amounts) | Years ended December 31, | 
 | 2019 | 2018
BASIC AND DILUTED |  | 
Weighted average number of common shares outstanding | 8,844 | 5,884
Net loss attributable to Neonode Inc. | $(5,298) | $(3,060)
Net loss per share basic and diluted | $(0.60) | $(0.52)


Question: What was the net loss attributable to Neonode Inc. in 2018 and 2019?
Answer: $(5,298), $(3,060)
Interest in associates
*Included within share of profit from associates is $1,917,000 representing NSR’s share of fair value gains related to investment properties held by joint ventures and associates (30 June 2018: $1,383,000).
The Group owns 24.9% (2018: 24.9%) of the Australia Prime Storage Fund (“APSF”). APSF is a partnership with Universal Self Storage to facilitate the development and ownership of multiple premium grade selfstorage centres in select cities around Australia.
During the year ended 30 June 2019, National Storage (Operations) Pty Ltd earned fees of $0.8m from APSF associated with the design, development, financing of the construction process, and ongoing management of centres (see note 17) (30 June 2018: $0.7m).
As at 30 June 2019, APSF had two operating centres in Queensland, Australia, with a third asset under construction in Victoria, Australia.
Following the financial year end, on 26 July 2019, the Group purchased two storage centre investment properties from APSF for $42.6m, and reached an agreement to purchase a third asset for $21.35m on completion of construction (see note 23). During the year ended 30 June 2018, the Group purchased a storage centre investment property asset in Queensland, Australia from APSF for $14m.
As at 30 June 2019, APSF had contractual commitments of $2.8m in place for the construction of one storage centre in Victoria, Australia. Neither associate had any contingent liabilities or any other capital commitments at 30 June 2019 or 30 June 2018. As at 30 June 2019, APSF had contractual commitments of $2.8m in place for the construction of one storage centre in Victoria, Australia. Neither associate had any contingent liabilities or any other capital commitments at 30 June 2019 or 30 June 2018.
The Group holds a 24% (30 June 2018: 24.8%) holding in Spacer Marketplaces Pty Ltd (“Spacer”). Spacer operate online peer-to-peer marketplaces for self-storage and parking.
Table:
 | 2019 | 2018
 | $'000 | $'000
Opening balance at 1 July | 10,693 | 8,611
Capital contribution / acquisition of shareholding in associates | - | 2,048
Share of profit from associates* | 1,695 | 1,282
Distributions from associate | - | (1,248)
Closing balance at 30 June | 12,388 | 10,693


Question: What was the Capital contribution / acquisition of shareholding in associates in 2018?
Answer: 2,048
Property and Equipment
Property and equipment are carried at cost. The following is a summary of property and equipment as of September 30, 2019 and 2018(amounts shown in thousands):
Depreciation and amortization of property and equipment are provided using the straight-line method over estimated useful lives ranging from three to ten
years. Leasehold improvements are amortized over the shorter of the lease term or estimated useful life of the assets. Depreciation and amortization of property and equipment totaled $1.4 million, $0.6 million, and $0.3 million for the fiscal years ended September 30, 2019, 2018, and 2017, respectively. Expenditures for repairs and maintenance are charged to operations. Total repairs and maintenance expenses were $0.1 million, $0.1 million and $0.2 million for the fiscal years ended September 30, 2019, 2018, and 2017, respectively.
Table:
 | 2019 | 2018
Property and equipment—at cost: |  | 
Leasehold improvements | $3,575 | $3,825
Equipment | 3,041 | 2,604
Capitalized internal-use software development costs | 1,088 | 916
Furniture and fixtures | 526 | 425
 | 8,230 | 7,770
Less: accumulated depreciation and amortization | (3,999) | (3,105)
Total property and equipment, net | $4,231 | $4,665


Question: What segment do expenditures for repairs and maintenance belong to?
Answer: operations
Trade accounts receivable past due is defined as the amount outstanding beyond normal credit terms and conditions for the respective customers. A large portion of the Corporation’s customers are billed and pay before the services are rendered. The Corporation considers the amount outstanding at the due date as trade accounts receivable past due.
The following table provides further details on trade accounts receivable past due net of allowance for doubtful accounts at August 31, 2019 and 2018:
Table:
At August 31, | 2019 | 2018
(In thousands of Canadian dollars) | $ | $
Less than 60 days past due | 18,645 | 32,857
60 to 90 days past due | 899 | 3,022
More than 90 days past due | 3,074 | 4,923
 | 22,618 | 40,802


Question: What was the average trade accounts receivable 60 to 90 days past due?
Answer: 1960.5
Calculation: (899 + 3,022) / 2
Unearned Revenue
Unearned revenue as of the periods presented consisted of the following (table in millions):
Unearned subscription and SaaS revenue is generally recognized over time as customers consume the services or ratably over the term of the subscription, commencing upon provisioning of the service. Previously, unearned subscription and SaaS revenue was allocated between unearned license revenue and unearned software maintenance revenue in prior periods and has been reclassified to conform with current period presentation.
Unearned software maintenance revenue is attributable to our maintenance contracts and is generally recognized over time on a ratable basis over the contract duration. The weighted-average remaining contractual term as of January 31, 2020 was approximately two years. Unearned professional services revenue results primarily from prepaid professional services and is generally recognized as the services are performed.
Table:
 | January 31, 2020 | February 1,2019
Unearned license revenue | $19 | $15
Unearned subscription and SaaS revenue | 1,534 | 916
Unearned software maintenance revenue | 6,700 | 5,741
Unearned professional services revenue | 1,015 | 767
Total unearned revenue | $9,268 | $7,439


Question: What was unearned professional services revenue a result of?
Answer: prepaid professional services and is generally recognized as the services are performed.
Segment Results
General
Reconciliation of segment revenue to total operating revenue is below:
(1) On May 1, 2017 we sold a portion of our data centers and colocation business. See Note 3—Sale of Data Centers and Colocation Business to our consolidated financial statements in Item 8 of Part II of this report, for additional information.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Operating revenue |  |  | 
International and Global Accounts | $3,596 | 3,653 | 1,382
Enterprise | 6,133 | 6,133 | 4,186
Small and Medium Business | 2,956 | 3,144 | 2,418
Wholesale | 4,074 | 4,397 | 3,026
Consumer | 5,642 | 6,116 | 6,451
Total segment revenue | $22,401 | 23,443 | 17,463
Operations and Other(1) | — | — | 193
Total operating revenue | $22,401 | 23,443 | 17,656


Question: What is the total segment revenue in 2019?
Answer: $22,401
The GBS profit margin increased 0.9 points to 27.7 percent and pre-tax income of $1,666 million increased 2.2 percent year to year. The pre-tax margin of 9.9 percent increased slightly year to year. The year-to-year improvements in margins and pre-tax income were driven by the continued mix shift to higher-value offerings, the yield from delivery productivity improvements and a currency benefit from leveraging the global delivery resource model. We continued to invest in our services offerings and skills necessary to assist our clients on their cloud journey.
* Recast to reflect segment changes.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018* | Yr.-to-Yr. Percent/ Margin Change
Global Business Services |  |  | 
External gross profit | $4,606 | $4,448 | 3.5%
External gross profit margin | 27.7% | 26.8% | 0.9 pts.
Pre-tax income | $1,666 | $1,629 | 2.2%
Pre-tax margin | 9.9% | 9.6% | 0.2 pts.


Question: What was the increase / (decrease) in the Pre-tax income from 2018 to 2019?
Answer: 37
Calculation: 1,666 - 1,629
NOTE 8. INVENTORIES
The changes in the allowance for obsolescence are as follows:
On December 31, 2019, our allowance for inventory obsolescence amounted to €12,527, which is 6.7% of total inventory. The major part of the allowance is related to components and raw materials. The additions for the years 2018 and 2019 mainly relate to inventory items which ceased to be used due to technological developments and design changes which resulted in obsolescence of certain parts.
The cost of inventories recognized as costs and included in cost of sales amounted to €510.2 million (2018: €365.8 million).
Table:
 | December 31, | 
 | 2018 | 2019
Balance at beginning of year | (12,749) | (13,364)
Charged to cost of sales | (2,958) | (4,748)
Reversals | 723 | 915
Utilization of the provision | 1,978 | 4,994
Foreign currency translation effect | (358) | (324)
Balance at end of year | (13,364) | (12,527)


Question: What was the Balance at beginning of year 2019?
Answer: (13,364)
Other Income (Loss), Net The components of other income (loss), net, are summarized as follows (in millions):
The total change in net gains (losses) on available-for-sale debt investments was primarily attributable to lower realized losses as a result of market conditions, and the timing of sales of these investments.
The total change in net gains (losses) on marketable equity investments was attributable to market value fluctuations and the timing of recognition of gains and losses.
The change in net gains (losses) on non-marketable equity and other investments was primarily due to lower realized gains, partially offset by higher unrealized gains.
The change in other gains (losses), net was primarily driven by higher donation expense in the prior year.
Table:
 |  | Years Ended |  | 2019 vs. 2018
 | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars
Gains (losses) on investments, net: |  |  |  | 
Available-for-sale debt investments | $(13) | $(242) | $(42) | $229
Marketable equity investments | (3) | 529 | (45) | (532)
Non-marketable equity and other investments | 6 | 11 | (46) | (5)
Net gains (losses) on investments | (10) | 298 | (133) | (308)
Other gains (losses), net | (87) | (133) | (30) | 46
Other income (loss), net | $(97) | $165 | $(163) | $(262)


Question: Which years does the table provide information for the components of net other income (loss)?
Answer: 2019, 2018, 2017
NOTE 14. PROVISION FOR WARRANTY
The changes in the amount of provision for warranty are as follows:
Costs of warranty include the cost of labor and materials to repair a product during the warranty period. The main term of the warranty period is one year. The Company accrues for the estimated cost of the warranty on its products shipped in the provision for warranty, upon recognition of the sale of the product. The costs are estimated based on actual historical expenses incurred and on estimated future expenses related to current sales, and are updated periodically. Actual warranty costs are charged against the provision for warranty.
Table:
 | December 31, | 
 | 2018 | 2019
Balance January 1 | 6,562 | 7,955
Charged to cost of sales | 18,408 | 26,301
Deductions | (8,985) | (12,232)
Releases of expired warranty | (8,214) | (5,684)
Foreign currency translation effect | 184 | 84
Balance December 31 | 7,955 | 16,424


Question: What does cost of warranty include?
Answer: the cost of labor and materials to repair a product during the warranty period
Summary of Consolidated Cash Flows
The below table summarizes the cash provided or used in our activities and the amount of the respective changes between the periods (in millions):
Operating Activities Cash provided by operating activities was $110.5 million for the year ended December 31, 2019 as compared to cash provided by operating activities of $341.4 million for the year ended December 31, 2018. The $230.9 million decrease was the result of the recapture of reinsurance treaties by our Insurance segment in 2018 and was offset in part by improved performance of the Insurance segment subsequent to the KIC acquisition, significant reduction of losses at the Broadcasting segment driven by the cost cutting measures, and an increase in the working capital at our Telecommunications segments.
Investing Activities Cash used in investing activities was $263.7 million for the year ended December 31, 2019 as compared to cash used in investing activities of $224.6 million for the year ended December 31, 2018. The $39.1 million increase in cash used was a result of (i) an increase in net cash spent at our Insurance segment driven by purchases of investments from the residual cash received from the KIC acquisition and reinsurance recaptures in 2018, (ii) a decrease in cash proceeds received at our Life Sciences segment, from the 2018 upfront payment and 2019 escrow release related to the sale of BeneVir in the prior period, and (iii) an increase in cash used at our Energy segment to acquire ampCNG stations in 2019. These decreases were largely offset by a reduction in cash used by our Construction segment, driven by the acquisition of GrayWolf in 2018, and a reduction in cash used by our Broadcasting segment as less cash was used on its acquisitions in the current year compared to 2018.
This was largely offset by a reduction in net cash used by the Insurance segment's purchases of investments, as in the prior period the Insurance segment purchased investments from the cash received from the acquisition of KIC.
Financing Activities Cash provided by financing activities was $62.4 million for the year ended December 31, 2019 as compared to $115.2 million for the year ended December 31, 2018. The $52.8 million decrease was a result of a decrease in net borrowings by the Construction and Broadcasting segments, and offset in part by the increase in net borrowings by the Energy segment and Corporate segment, and a decline in cash paid to noncontrolling interest holders driven by the proceeds from our Life Sciences segment's sale of BeneVir in 2018.
Table:
Years Ended December 31, |  |  | 
 | 2019 | 2018 | Increase / (Decrease)
Operating activities | $110.5 | $341.4 | $(230.9)
Investing activities | (263.7) | (224.6) | (39.1)
Financing activities | 62.4 | 115.2 | (52.8)
Effect of exchange rate changes on cash and cash equivalents | 1.0 | (0.5) | 1.5
Net decrease in cash,cash equivalents and restricted cash | $(89.8) | $231.5 | $(321.3)


Question: What was the cash provided by investing activities in 2019?
Answer: (263.7)
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 19: SEGMENT INFORMATION
The Company through August 30, 2019 had three reportable segments from which it derived its revenues: Dry Bulk Vessel Operations, Logistics Business and Containers Business. The Containers Business became a reportable segment as a result of the consolidation of Navios Containers since November 30, 2018 (date of obtaining control) (see also Note 3). Following the reclassification of the results of Navios Containers as discontinued operations (see also Note 3), the Company currently has two reportable segments from which it derives its revenues: Dry Bulk Vessel Operations and Logistics. The reportable segments reflect the internal organization of the Company and are strategic businesses that offer different products and services. The Dry Bulk Vessel Operations consists of the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels. The Logistics Business consists of operating ports and transfer station terminals, handling of vessels, barges and pushboats as well as upriver transport facilities in the Hidrovia region.
The Company measures segment performance based on net income/ (loss) attributable to Navios Holdings common stockholders. Inter-segment sales and transfers are not significant and have been eliminated and are not included in the following tables. Summarized financial information concerning each of the Company’s reportable segments is as follows:
Table:
 | Dry Bulk Vessel Operations for the Year Ended December 31, 2019 | Logistics Business for the Year Ended December 31, 2019 | Total for the Year Ended December 31, 2019
Revenue | $254,178 | $228,271 | $482,449
Administrative fee revenue from affiliates | 16,991 | — | 16,991
Interest income | 9,610 | 1,052 | 10,662
Interest expense and finance cost | (92,948) | (40,531) | (133,479)
Depreciation and amortization | (52,288) | (29,435) | (81,723)
Equity in net (losses)/earnings of affiliated companies | (9,185) | — | (9,185)
Net (loss)/ income attributable to Navios Holdings common |  |  | 
stockholders | (212,623) | 20,513 | (192,110)
Total assets | 1,511,517 | 631,338 | 2,142,855
Goodwill | 56,240 | 104,096 | 160,336
Capital expenditures | (36,628) | (7,943) | (44,571)
Investment in affiliates | 64,352 | — | 64,352
Cash and cash equivalents | 32,386 | 45,605 | 77,991
Restricted cash | 736 | — | 736
Long-term debt, net (including current and noncurrent portion) | $1,048,318 | $514,929 | 1,563,247


Question: What was the difference in revenue between dry bulk vessel operations and logistics business?
Answer: 25907
Calculation: 254,178-228,271