hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
We recorded $14.2 million, $15.2 million and $12.3 million of amortization related to our intangible assets for the years ended December 31, 2019, 2018 and 2017, respectively. There were no impairments of long-lived assets during the years ended December 31, 2019, 2018 and 2017.
The following tables reflect the weighted-average remaining life and carrying value of finite-lived intangible assets (in thousands, except weighted-average remaining life):
Table:
 |  | December 31, 2019 |  | 
 | Gross Carrying Amount | Accumulated Amortization | Net Carrying Value | Weighted- Average Remaining Life
Customer relationships | $123,731 | $(39,335) | $84,396 | 9.8
Developed technology | 30,542 | (13,722) | 16,820 | 8.7
Trade name | 3,304 | (1,082) | 2,222 | 4.8
Other | 234 | (234) | — | —
Total intangible assets | $157,811 | $(54,373) | $103,438 | 


Question: What is the difference in the net carrying value between customer relationships and developed technology?
Answer: 67576
Calculation: 84,396-16,820
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)
Cash flows
We prepare our Consolidated Statements of Cash Flows using the indirect method, under which we reconcile net income to cash flows provided by operating activities by adjusting net income for those items that impact net income, but may not result in actual cash receipts or payments during the period. The following table provides a summary of our operating, investing and financing cash flows for the periods indicated.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Net cash provided by operating activities | $153,327 | $256,426 | $160,394
Net cash used in investing activities | $(15,381) | $(6,581) | $(4,135)
Net cash used in financing activities | $(150,604) | $(145,184) | $(30,535)


Question: How many years did the Net cash provided by operating activities exceed $200,000 thousand?
Answer: 1
Calculation: 2018
Results of Operations
The following table is a summary of our consolidated statements of operations for the specified periods and results of operations as a percentage of revenues for those periods. The period-to-period comparisons of results are not necessarily indicative of results for future periods. Percentage of revenues figures are rounded and therefore may not subtotal exactly.
A discussion regarding our consolidated statements of operations and results of operations as a percentage of revenue for 2019 compared to 2018 is presented below. A discussion regarding our financial condition and results of operations for 2018 compared to 2017 can be found under Item 7 in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed with the SEC on March 14, 2019, which is available free of charge on the SEC’s website at www.sec.go.
(1)  Stock-based compensation expense included in the consolidated statements of operations data above was as follows:
(2)  Amortization of intangible assets included in the consolidated statements of operations data above was as follows:
(3) Restructuring-related expenses included in the consolidated statements of operations data above was as follows:
Table:
 |  | Year Ended December 31, |  | 
 | 2019 |  | 2018 | 
 | Amount | % of Revenue | Amount | % of Revenue
 |  | (dollars in thousands) |  | 
Revenues, net | $49,036 | 100% | $58,631 | 100%
Cost of revenues (1) (2) (3) | 22,843 | 47 | 27,154 | 46
Gross profit | 26,193 | 53 | 31,477 | 54
Operating expenses: |  |  |  | 
Sales and marketing (1) (2) (3) | 15,836 | 32 | 23,425 | 40
Research and development (1) (2) (3) | 17,845 | 36 | 22,450 | 38
General and administrative (1) (2) (3) | 10,466 | 21 | 13,113 | 22
Impairment of goodwill | 1,910 | 4 | 14,740 | 26
Total operating expenses | 46,037 | 94 | 73,728 | 126
Loss from operations | (19,844) | (40) | (42,251) | (72)
Gain on divestiture | 5,064 | 10 | - | -
Other income, net | 2,252 | 5 | 1,593 | 3
Loss before (benefit from) provision for income taxes | (12,528) | (26) | (40,658) | (69)
(Benefit from) provision for income taxes | (120) | - | 586 | 1
Net loss | $(12,408) | (25)% | $(41,244) | (70)%


Question: What is the company's percentage change in its net revenue from operations between 2018 and 2019?
Answer: -16.37
Calculation: (49,036 - 58,631)/58,631
9. Income Taxes
On December 22, 2017, the Tax Act was enacted into law, which made changes to U.S. tax law, including, but not limited to: (1) reducing the U.S. Federal corporate income tax rate from 35% to 21%; (2) requiring companies to pay a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries; (3) generally eliminating U.S. Federal corporate income taxes on dividends from foreign subsidiaries; (4) capitalizing R&D expenses which are amortized over five to 15 years; and (5) other changes to how foreign and domestic earnings are taxed.
The Tax Act includes a provision to tax global intangible low-taxed income (“GILTI”) of foreign subsidiaries and a base erosion anti-abuse tax (“BEAT”) measure that taxes certain payments between a U.S. corporation and its foreign subsidiaries. These provisions of the Tax Act were effective for the Company beginning August 1, 2018 and had no impact on the tax benefit for the year ended July 31, 2019.
Under U.S. GAAP, the Company can make an accounting policy election to either treat taxes due on the GILTI inclusion as a current period expense or factor such amounts into its measurement of deferred taxes. The Company has elected the current period expense method. The Company has finalized its assessment of the transitional impacts of the Tax Act.
In December 2018, the IRS issued proposed regulations related to the BEAT tax, which the Company is in the process of evaluating. If the proposed BEAT regulations are finalized in their current form, the impact may be material to the tax provision in the quarter of enactment.
The U.S. Treasury Department, the Internal Revenue Service (“IRS”), and other standard-setting bodies will continue to interpret or issue guidance on how provisions of the Tax Act will be applied or otherwise administered. The Company continues to obtain, analyze, and interpret guidance as it is issued and will revise its estimates as additional information becomes available.
Any legislative changes, including any other new or proposed U.S. Department of the Treasury regulations that have yet to be issued, may result in income tax adjustments, which could be material to our provision for income taxes and effective tax rate in the period any such changes are enacted. The Company’s income (loss) before provision for (benefit from) income taxes for the years ended July 31, 2019, 2018 and 2017 is as follows (in thousands):
Table:
 |  | Fiscal years ended July 31, | 
 | 2019 | 2018 | 2017
Domestic | $(1,778) | $(13,501) | $21,723
International | 14,230 | 5,225 | 6,803
Income (loss) before provision for (benefit from) income taxes | $12,452 | $(8,276) | $28,526


Question: In which year was International income (loss) before provision for (benefit from) income taxes less than 10,000 thousand?
Answer: 2018, 2017
Calculation: locate and analyze international in row 4
B. Liquidity and Capital Resources
Our operations and strategic objectives require continuing capital investment, and our resources include cash on hand and cash provided by operations, as well as access to capital from bank borrowings and access to capital markets. Management believes that cash generated by or available to us should be sufficient to fund our capital and liquidity needs for at least the next 12 months.
Our future financial and operating performance, ability to service or refinance debt and ability to comply with covenants and restrictions contained in our debt agreements will be subject to future economic conditions, the financial health of our customers and suppliers and to financial, business and other factors, many of which are beyond our control. Furthermore, management believes that working capital is sufficient for our present requirements.
(*) including trade receivables classified as current asset based on operating cycle of two years.
The decrease in working capital as at March 31, 2019 as compared to March 31, 2018 was primarily the result of an increase in short-term borrowings amounting to $208.9 million as at March 31, 2019 from $152 million as at March 31, 2018 due to overdraft against restricted deposits and loan installments due within 12 months.
For additional information, please see Note 2(a) and Note 32 to our audited Consolidated Financial Statements appearing elsewhere in this annual report.
Table:
 |  | Year ended March 31, | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Current assets(*) | $351,597 | $339,562 | $362,477
Current liabilities | 318,672 | 239,327 | 316,101
Working capital | $32,925 | $100,235 | $46,376


Question: What is the increase / (decrease) in the current assets from 2018 to 2019?
Answer: 12035
Calculation: 351,597 - 339,562
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 total interest income for the year?
Answer: 10,662
11 Intangible assets
(a) Intangible assets
RIGHTS AND LICENCES
Certain licences that NEXTDC possesses have an indefinite useful life and are carried at cost less impairment losses and are subject to impairment review at least annually and whenever there is an indication that it may be impaired.
Other licences that NEXTDC acquires are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful life. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period.
INTERNALLY GENERATED SOFTWARE
Internally developed software is capitalised at cost less accumulated amortisation. Amortisation is calculated using the straight-line basis over the asset’s useful economic life which is generally two to three years. Their useful lives and potential impairment are reviewed at the end of each financial year.
SOFTWARE UNDER DEVELOPMENT
Costs incurred in developing products or systems and costs incurred in acquiring software and licenses that will contribute to future period financial benefits through revenue generation and/or cost reduction are capitalised to software and systems. Costs capitalised include external direct costs of materials and services and employee costs.
Assets in the course of construction include only those costs directly attributable to the development phase and are only recognised following completion of technical feasibility and where the Group has an intention and ability to use the asset.
Table:
 | Rights and licences | Internally generated software | Software under development | Total
Movements | $'000 | $'000 | $'000 | $'000
30 June 2019 |  |  |  | 
Opening net book amount at 1 July 2018 | 13 | 6,385 | 6,509 | 12,907
Additions – internally developed | - | - | 11,896 | 11,896
Amortisation | - | (1,116) | - | (1,116)
Transfers between classes | - | 2,121 | (2,121) | -
Disposals | - | (9) | - | (9)
Closing net book amount | 13 | 7,381 | 16,284 | 23,678


Question: What were the 3 types of intangible assets?
Answer: Rights and licences, Internally generated software, Software under development
Contractual Obligations
The following table summarizes contractual obligations and commitments, as of April 27, 2019:
(1) Assumes the outstanding borrowings under the revolving credit facility will be repaid upon maturity of the credit agreement in September 2023.
(2) Amounts represent estimated contractual interest payments on outstanding debt. Interest rates in effect as of April 27, 2019 are used for floating-rate debt.
We enter into agreements with suppliers to assist us in meeting our customers' production needs. These agreements vary as to duration and quantity commitments. Historically, most have been short-term agreements, which do not provide for minimum purchases, or are requirements-based contracts.
Table:
 |  |  | Payments Due By Period |  | 
(Dollars in Millions) | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
Capital Leases | $1.7 | $0.6 | $0.9 | $0.2 | $—
Operating Leases | 34.2 | 7.8 | 10.5 | 7.5 | 8.4
Debt (1) | 295.5 | 15.7 | 28.8 | 247.7 | 3.3
Estimated Interest on Debt (2) | 46.8 | 11.7 | 20.7 | 14.2 | 0.2
Deferred Compensation | 8.5 | 1.2 | 3.2 | 1.6 | 2.5
Total | $386.7 | $37.0 | $64.1 | $271.2 | $14.4


Question: What percentage of the total was made of debt?
Answer: 76.42
Calculation: 295.5 / 386.7
NOTE 5—PROPERTY AND EQUIPMENT, NET
Property and equipment, net, consists of the following as of December 31, 2019 and 2018:
Depreciation for the years ended December 31, 2019 and December 31, 2018 was $870,000 and $704,000, respectively. Cost basis of assets disposed for the years ended December 31, 2019 and December 31, 2018 was $31,000 and $773,000, respectively. The disposals in 2018 were primarily a result of relocating our corporate offices and writing off the fully amortized leasehold improvements related to our former office.
Table:
 | 2019 | 2018
Cost: |  | 
Computers, peripheral and scientific equipment | $1,654,000 | $1,350,000
Software | 2,131,000 | 1,749,000
Leasehold improvements | 310,000 | 294,000
Office furniture and equipment | 424,000 | 391,000
 | 4,519,000 | 3,784,000
Less: Accumulated depreciation and amortization | (2,634,000 ) | (1,797,000 )
Property and equipment, net | $ 1,885,000 | $1,987,000


Question: What was the percentage change in the net property and equipment?
Answer: -5.13
Calculation: ($1,885,000 - $1,987,000)/$1,987,000
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 dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2011 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2016 , we repurchased 35686529 shares of our common stock at an average price of $ 88.36 . the following table presents common stock repurchases during each month for the fourth quarter of 2016 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .

Table:
period | total number of shares purchased [a] | average price paid per share | total number of shares purchased as part of a publicly announcedplan or program [b] | maximum number of shares remaining under the plan or program [b]
oct . 1 through oct . 31 | 3501308 | $ 92.89 | 3452500 | 23769426
nov . 1 through nov . 30 | 2901167 | 95.68 | 2876067 | 20893359
dec . 1 through dec . 31 | 3296652 | 104.30 | 3296100 | 17597259
total | 9699127 | $ 97.60 | 9624667 | n/a
[a] total number of shares purchased during the quarter includes approximately 74460 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] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 .
these repurchases may be made on the open market or through other transactions .
our management has sole discretion with respect to determining the timing and amount of these transactions .
on november 17 , 2016 , our board of directors approved the early renewal of the share repurchase program , authorizing the repurchase of up to 120 million shares of our common stock by december 31 , 2020 .
the new authorization was effective january 1 , 2017 , and replaces the previous authorization , which expired on december 31 , 2016. .

Question: what percentage of the total number of shares purchased were purchased in november?
Answer: 30%
Calculation: divide(2901167, 9699127)
Restricted Stock Units
During the fiscal years 2019, 2018, and 2017, the Company issued both service-based RSUs and market-based performance RSUs (“PRSUs”). Market-based PRSUs generally vest three years from the grant date if certain performance criteria are achieved and require continued employment. Based upon the terms of such awards, the number of shares that can be earned over the performance periods is based on the Company’s Common Stock price performance compared to the market price performance of the Philadelphia Semiconductor Sector Index (“SOX”), ranging from 0% to 150% of target. The stock price performance or market price performance is measured using the closing price for the 50-trading days prior to the dates the performance period begins and ends. The target number of shares represented by the market-based PRSUs is increased by 2% of target for each 1% that Common Stock price performance exceeds the market price performance of the SOX index. The result of the vesting formula is rounded down to the nearest whole number. Total stockholder return is a measure of stock price appreciation in this performance period.
The following table summarizes restricted stock activity:
The fair value of the Company’s service-based RSUs was calculated based on fair market value of the Company’s stock at the date of grant, discounted for dividends.
Table:
 | Service-based RSUs Outstanding |  | Market-based RSUs Outstanding | 
 | Number of Shares | Weighted-Average Grant Date Fair Value | Number of Shares | Weighted-Average Grant Date Fair Value
June 26, 2016 | 3,256,513 | $71.34 | 1,078,591 | $63.12
Granted | 1,224,877 | $114.13 | 435,694 | $111.75
Vested | (1,677,318) | $69.10 | (592,321) | $46.67
Forfeited or canceled | (116,466) | $76.76 | (59,509) | $66.81
June 25, 2017 | 2,687,606 | $92.01 | 862,455 | $83.83
Granted | 964,391 | $183.97 | 285,866 | $170.15
Vested | (1,362,369) | $87.80 | (407,024) | $76.88
Forfeited or canceled | (96,540) | $108.67 | (47,571) | $91.36
June 24, 2018 | 2,193,088 | $134.34 | 693,726 | $104.59
Granted | 893,622 | $161.64 | 163,529 | $165.78
Vested | (1,135,284) | $115.23 | (301,622) | $70.58
Forfeited or canceled | (154,541) | $141.38 | (120,859) | $104.73
June 30, 2019 | 1,796,885 | $159.36 | 434,774 | $144.57


Question: What is the number of shares as of June 26, 2016?
Answer: 3,256,513
Note 14 Debt and Credit Facilities
Our total debt outstanding consisted of the amounts set forth on the following table:
(1) Short-term borrowings of $98.9 million at December 31, 2019 were comprised of $89.0 million under our revolving credit facility and $9.9 million of short-term borrowings from various lines of credit. Short-term borrowings of $232.8 million at December 31, 2018 were comprised of $140.0 million under our revolving credit facility, $83.9 million under our European securitization program and $8.9 million of short-term borrowings from various lines of credit.
(2) The Current portion of long-term debt includes finance lease liabilities of $10.4 million as of December 31, 2019. The Other debt balance includes $28.7 million for long-term liabilities associated with our finance leases as of December 31, 2019. See Note 4, "Leases," of the Notes to Condensed Consolidated Financial Statements for additional information on finance and operating lease liabilities.
(3) Amounts are net of unamortized discounts and issuance costs of $24.6 million and $24.3 million as of December 31, 2019 and 2018, respectively.
(4) As of December 31, 2019, our weighted average interest rate on our short-term borrowings outstanding was 5.0% and on our long-term debt outstanding was 4.8%. As of December 31, 2018, our weighted average interest rate on our short-term borrowings outstanding was 2.8% and on our long-term debt outstanding was 5.4%.
Table:
 | December 31, | 
(In millions) | 2019 | 2018
Short-term borrowings (1) | $ 98.9 | $ 232.8
Current portion of long-term debt(2) | 16.7 | 4.9
Total current debt | 115.6 | 237.7
Term Loan A due July 2022 | 474.6 | —
Term Loan A due July 2023 | 218.2 | 222.2
6.50% Senior Notes due December 2020 | — | 424.0
4.875% Senior Notes due December 2022 | 421.9 | 421.1
5.25% Senior Notes due April 2023 | 422.0 | 421.2
4.50% Senior Notes due September 2023 | 445.6 | 454.9
5.125% Senior Notes due December 2024 | 421.9 | 421.3
5.50% Senior Notes due September 2025 | 397.4 | 397.1
4.00% Senior Notes due December 2027 | 420.4 | —
6.875% Senior Notes due July 2033 | 445.7 | 445.5
Other(2) | 30.9 | 29.2
Total long-term debt, less current portion(3) | 3,698.6 | 3,236.5
Total debt(4) | $ 3,814.2 | $ 3,474.2


Question: What is the total Term Loan A due as of December 31, 2019?
Answer: 692.8
Calculation: 474.6+218.2