hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
At December 31, 2019 and 2018, $21 million and $20 million, respectively, of unrecognized tax benefits were classified as a reduction of deferred tax assets. The finalisation in the fourth quarter of 2018 of pending tax litigations triggered the reversal of uncertain tax positions in major tax jurisdictions for a total amount of $310 million.
It is reasonably possible that certain of the uncertain tax positions disclosed in the table above could increase within the next 12 months due to ongoing tax audits. The Company is not able to make an estimate of the range of the reasonably possible change.
Additionally, the Company elected to classify accrued interest and penalties related to uncertain tax positions as components of income tax expense in the consolidated statements of income, they were less than $1 million in 2019, $1 million in 2018, less than $1 million in 2017, $1 million in 2016, $1 million in 2015, $27 million in 2014 and not material in the previous years. Accrued interest and penalties amounted to $6 million at December 31, 2019 and $5 million at December 31, 2018.
The tax years that remain open for review in the Company’s major tax jurisdictions, including France, Italy, United States and India, are from 1997 to 2019.
Table:
 | December 31, 2019 | December 31, 2018 | December 31, 2017
Balance at beginning of year | 38 | 333 | 258
Additions based on tax positions related to the current year | 7 | 43 | 43
Additions based on acquisitions related to the current year | 5 | — | —
Additions for tax positions of prior years | 1 | 8 | 12
Reduction for tax positions of prior years | (1) | (310) | (9)
Settlements | (2) | (18) | (2)
Prepayment / Refund | — | — | —
Reductions due to lapse of statute of limitations | — | — | —
Foreign currency translation | — | (18) | 31
Balance at end of year | 48 | 38 | 333


Question: What is the increase/ (decrease) in Settlements from December 31, 2018 to 2019?
Answer: -16
Calculation: 2-18
4. Prepaid expenses
Prepaid expenses consisted of the following:
Table:
October 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Parts and supplies | $33,617 | $28,287
Prepaid insurance | 8,859 | 8,232
Other prepaid expenses | 14,455 | 6,721
Total prepaid expenses | $56,931 | $43,240


Question: What is the change in Total prepaid expenses between fiscal years 2019 and 2018?
Answer: 13691
Calculation: 56,931-43,240
Our calculation of TCE may not be comparable to that reported by other entities. The following table reconciles our total operating revenues to average daily TCE:
(i) "Voyage and commission expenses" is derived from the caption "Voyage, charterhire and commission expenses" and "Voyage, charterhire and commission expenses - collaborative arrangement" less (i) charterhire expenses (net of the effect of the related guarantee obligation) of $nil, $nil and $12.4 million for the years ended December 31, 2019, 2018 and 2017, respectively, which arose on the charter-back of the Golar Grand from Golar Partners, and (ii) voyage and commission expenses in relation to the Hilli Episeyo of $0.5 million, $1.4 million and $nil for the years ended December 31, 2019, 2018 and 2017, respectively.
(5) We calculate average daily vessel operating costs by dividing vessel operating costs by the number of calendar days. Calendar days exclude those from vessels chartered in where the vessel operating costs are borne by the legal owner, and those of vessels undergoing conversion.
Table:
 |  |  | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (in thousands of U.S.$, except number of shares, per common share data, fleet and other financial data) |  | 
Total operating revenues | 448,750 | 430,604 | 143,537 | 80,257 | 102,674
Less: Liquefaction services revenue | (218,096) | (127,625) | — | — | —
Less: Vessel and other management fees | (21,888) | (24,209) | (26,576) | (14,225) | (12,547)
Net time and voyage charter revenues | 208,766 | 278,770 | 116,961 | 66,032 | 90,127
Voyage and commission expenses (i) | (38,381) | (104,463) | (48,933) | (25,291) | (23,434)
 | 170,385 | 174,307 | 68,028 | 40,741 | 66,693
Calendar days less scheduled off-hire days | 3,840 | 3,987 | 3,885 | 4,034 | 4,481
Average daily TCE rate (to the closest $100) | 44,400 | 43,700 | 17,500 | 10,100 | 14,900


Question: In which year was the net time and voyage charter revenues the highest?
Answer: 2018
Calculation: 278,770 >208,766 > 116,961> 90,127> 66,032
Uncertain Tax Positions
As of fiscal year end 2019, we had total unrecognized income tax benefits of $542 million. If recognized in future years, $397 million of these currently unrecognized income tax benefits would impact income tax expense (benefit) and the effective tax rate. As of fiscal year end 2018, we had total unrecognized income tax benefits of $566 million. If recognized in future years, $467 million of these currently unrecognized income tax benefits would impact income tax expense (benefit) and the effective tax rate. The following table summarizes the activity related to unrecognized income tax benefits:
We record accrued interest and penalties related to uncertain tax positions as part of income tax expense (benefit). As of fiscal year end 2019 and 2018, we had $42 million and $60 million, respectively, of accrued interest and penalties related to uncertain tax positions on the Consolidated Balance Sheets, recorded primarily in income taxes. During fiscal 2019, 2018, and 2017, we recognized income tax benefits of $14 million, expense of $5 million, and benefits of $5 million, respectively, related to interest and penalties on the Consolidated Statements of Operations.
We file income tax returns on a unitary, consolidated, or stand-alone basis in multiple state and local jurisdictions, which generally have statutes of limitations ranging from 3 to 4 years. Various state and local income tax returns are currently in the process of examination or administrative appeal.
Our non-U.S. subsidiaries file income tax returns in the countries in which they have operations. Generally, these countries have statutes of limitations ranging from 3 to 10 years. Various non-U.S. subsidiary income tax returns are currently in the process of examination by taxing authorities.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Balance at beginning of fiscal year | $ 566 | $  501 | $ 490
Additions related to prior years tax positions | 13 | 14 | 40
Reductions related to prior years tax positions | (101) | (11) | (9)
Additions related to current year tax positions | 98 | 105 | 70
Settlements | (2) | (7) | (4)
Reductions due to lapse of applicable statute of limitations | (32) | (36) | (86)
Balance at end of fiscal year | $ 542 | $  566 | $ 501


Question: Which year were the Additions related to prior years tax positions the largest?
Answer: 2017
Calculation: 40>14>13
The failed-sale-leaseback accounting treatment had the following effects on our consolidated results of operations for the years ended December 31, 2018 and 2017:
After factoring in the costs to sell the data centers and colocation business, excluding the impact from the failed-sale-leaseback accounting treatment, the sale resulted in a $20 million gain as a result of the aggregate value of the proceeds we received exceeding the carrying value of the assets sold and liabilities assumed. Based on the fair market values of the failed-sale-leaseback assets, the failed-sale-leaseback accounting treatment resulted in a loss of $102 million as a result of the requirement to treat a certain amount of the pre-tax cash proceeds from the sale of the assets as though it were the result of a financing obligation. The combined net loss of $82 million was included in selling, general and administrative expenses in our consolidated statement of operations for the year ended December 31, 2017.
Effective November 3, 2016, which is the date we entered into the agreement to sell a portion of our data centers and colocation business, we ceased recording depreciation of the property, plant and equipment to be sold and amortization of the business’s intangible assets in accordance with applicable accounting rules. Otherwise, we estimate that we would have recorded additional depreciation and amortization expense of $67 million from January 1, 2017 through May 1, 2017.
Upon adopting ASU 2016-02, accounting for the failed sale leaseback is no longer applicable based on our facts and circumstances, and the real estate assets and corresponding financing obligation were derecognized from our consolidated financial statements. Please see “Leases” (ASU 2016-02) in Note 1— Background and Summary of Significant Accounting Policies for additional information on the impact the new lease standard will have on the accounting for the failed-sale-leaseback.
Table:
 | Positive (Negative) Impact to Net Income | 
 | December 31, | 
 | 2018 | 2017
 | (Dollars in millions) | 
Increase in revenue | $74 | 49
Decrease in cost of sales | 22 | 15
Increase in loss on sale of business included in selling, general and administrative expense | — | (102)
Increase in depreciation expense (one-time) | — | (44)
Increase in depreciation expense (ongoing) | (69) | (47)
Increase in interest expense | (55) | (39)
Decrease in income tax expense | 7 | 65
Decrease in net income | $(21) | (103)


Question: Where was the combined net loss of $82 million reported in?
Answer: in selling, general and administrative expenses in our consolidated statement of operations for the year ended December 31, 2017
Selected Current Liabilities
Current liabilities reflected in our consolidated balance sheets include accounts payable and other current liabilities as follows:
Included in accounts payable at December 31, 2019 and 2018, were (i) $106 million and $86 million, respectively, representing book overdrafts and (ii) $469 million and $434 million, respectively, associated with capital expenditures.
Table:
 | As of December 31, | 
 | 2019 | 2018
 | (Dollars in millions) | 
Accounts payable | $1,724 | 1,933
Other current liabilities: |  | 
Accrued rent | $75 | 45
Legal contingencies | 88 | 30
Other | 223 | 282
Total other current liabilities | $386 | 357


Question: What is the change in accrued rent in 2019?
Answer: 30
Calculation: 75-45
4. VESSELS
Vessels consists of the carrying value of 23 vessels for the year ended December 31, 2019 and December 31, 2018, respectively. Vessels includes capitalized drydocking costs.
Depreciation is calculated based on cost less estimated residual value of $8.0 million per vessel over the estimated useful life of the vessel using the straight-line method. The estimated useful life of a vessel is 25 years from the date the vessel is delivered from the shipyard.
*Depreciation charges of $497.0 million related to vessels disposed of in 2018 is excluded
** Impairment charges of $2.2 million and $110.5 million related to vessels disposed of in 2018 is excluded
The Company has taken three vessels through periodical maintenance surveys in 2019 and further two vessels were in drydock for periodical maintenance as at December 31, 2019.
Impairment Loss on Vessels
The Company has not recorded any impairment loss on vessels for the year ended December 31, 2019. The Company recorded an impairment loss of $2.2 million and $110.5 million for the years ended December 31, 2018 and December 31, 2017, respectively.
The Company reviewed its assets for impairment on an asset by asset basis. In determining whether the assets are recoverable, the Company compared the estimate of the undiscounted cash flows expected to be generated by the assets to its carrying value. As of December 31, 2019, it was determined that the sum of the undiscounted cash flows for each vessel exceeded its carrying value and no impairment was recorded.
In developing estimates of future undiscounted cash flows, we made assumptions and estimates based on historical trends as well as future expectations. The most important assumption in determining undiscounted cash flows are the estimated freight rates. Freight rates are volatile and the analysis is based on market rates obtained from third parties, in combination with historical achieved rates by the Company.
Table:
 | 2019 | 2018
All figures in USD ‘000     |  | 
Vessels as of January 1   | 1,307,087 | 1,769,967
Additions Vessels   | 2,531 | 169,446
Disposals Vessels   | - | (632,326)
Drydocking as of January 1   | 52,331 | 119,303
Additions Drydocking   | 7,618 | 8,210
Disposals Drydocking   | - | (75,182)
Total Vessels and Drydocking   | 1,369,567 | 1,359,418
Less Accumulated Depreciation   | (469,570) | (405,660)*
Less Accumulated Impairment Loss on Vessels | - | -**
Vessels   | 899,997 | 953,758


Question: What is the average value of additional vessels added in 2018 and 2019?
Answer: 85988.5
Calculation: (169,446 + 2,531)/2
Free Cash Flow
Free cash flow is a non-GAAP financial measure that reflects an additional way of viewing our liquidity that, when viewed with our GAAP results, provides a more complete understanding of factors and trends affecting our cash flows. Free cash flow is calculated by subtracting capital expenditures from net cash provided by operating activities. We believe it is a more conservative measure of cash flow since purchases of fixed assets are necessary for ongoing operations.
Free cash flow has limitations due to the fact that it does not represent the residual cash flow available for discretionary expenditures. For example, free cash flow does not incorporate payments made on finance lease obligations or cash payments for business acquisitions or wireless licenses. Therefore, we believe it is important to view free cash flow as a complement to our entire consolidated statements of cash flows.
The following table reconciles net cash provided by operating activities to Free cash flow:
The increase in free cash flow during 2019 is a reflection of the increase in operating cash flows, partially offset by the increase in capital expenditures discussed above.
Table:
 |  | (dollars in millions)
Years Ended December 31, | 2019 | 2018
Net cash provided by operating activities | $ 35,746 | $ 34,339
Less Capital expenditures (including capitalized software) | 17,939 | 16,658
Free cash flow | $ 17,807 | $ 17,681


Question: What was the percentage change in the Less Capital expenditures from 2018 to 2019?
Answer: 7.69
Calculation: 17,939 / 16,658 - 1
Operating lease commitments
The Group has entered into commercial leases on certain properties, network infrastructure, motor vehicles and items of equipment. The leases have various terms, escalation clauses, purchase options and renewal rights, none of which are individually significant to the Group
Future minimum lease payments under non-cancellable operating leases comprise:
The total of future minimum sublease payments expected to be received under non-cancellable subleases is €1,027 million (2018: €859 million).
Table:
 | 2019 | 2018
 | €m | €m
Within one year | 2,834 | 2,686
In more than one year but less than two years | 1,654 | 1,633
In more than two years but less than three years | 1,227 | 1,155
In more than three years but less than four years | 950 | 903
In more than four years but less than five years | 739 | 717
In more than five years | 3,412 | 2,600
 | 10,816 | 9,694


Question: Which financial years' information is shown in the table?
Answer: 2018, 2019
The credit risk profile of trade receivables
Other than those disclosed above no other impairment losses on receivables and contract assets arising from contracts with customers have been recognised. Other than trade receivables there are no financial assets that are past their due date at 31st December 2019.
Payment terms across the Group vary dependent on the geographic location of each operating company. Payment is typically due between 20 and 90 days after the invoice is issued.
All contracts with customers do not contain a significant financing component.
The movement in the allowance for impairment in respect of trade receivables during the year was as follows:
Table:
 | 2019 | 2018
 | £m | £m
Balance at 1st January | 9.8 | 9.6
Additional impairment | 8.6 | 2.8
Amounts written off as uncollectable | (1.2) | (0.7)
Amounts recovered | (0.6) | (0.5)
Impairment losses reversed | (1.1) | (1.4)
Exchange differences | (0.7) | –
Balance at 31st December | 14.8 | 9.8


Question: How do payment terms across the Group vary?
Answer: dependent on the geographic location of each operating company
Note 11: Income Taxes
The provision for income tax expense (benefit) is as follows (amounts in thousands):
(1) Fiscal years ended March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
The Company realized a deferred tax expense (benefit) for fiscal years ended 2019, 2018 and 2017 of ($50.1) million, $0.6 million and $1.2 million, respectively, in U.S. and certain foreign jurisdictions based on changes in judgment about the realizability of deferred tax assets in future years.
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Current: |  |  | 
Federal | $170 | $223 | $—
State and local | 161 | 50 | 62
Foreign | 9,966 | 8,295 | 4,247
Total current income tax expense from continuing operations | 10,297 | 8,568 | 4,309
Deferred: |  |  | 
Federal | (43,804) | (807) | (6)
State and local | (773) | (96) | (97)
Foreign (1) | (5,180) | 1,467 | 88
Deferred tax expense (benefit) from continuing operations (1) | (49,757) | 564 | (15)
Provision for income tax expense (benefit) (1) | $(39,460) | $9,132 | $4,294


Question: What was the current federal income tax expense(benefit) in 2019?
Answer: 170
(11) Other Non-Current Assets
Other non-current assets consist of the following (in millions):
Table:
 | December 31, | 
 | 2019 | 2018
Property records database | $60.1 | $59.9
Contract assets | 37.8 | 17.0
Right-of-use assets | 26.4 | —
Deferred compensation plan related assets | 15.2 | 11.1
Unbilled receivables | 3.5 | 5.0
Prepaid expenses | 8.1 | 18.3
Unrealized gains on interest rate swaps | — | 6.2
Other | 7.7 | 4.3
Other non-current assets | $158.8 | $121.8


Question: What was the change in prepaid expenses between 2018 and 2019?
Answer: -10.2
Calculation: 8.1-18.3
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 18 — Income Taxes
Significant components of income tax provision/(benefit) are as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Current: |  |  | 
U.S. | $(391) | $(397) | $1,635
Non-U.S. | 10,666 | 12,538 | 7,150
Total Current | 10,275 | 12,141 | 8,785
Deferred: |  |  | 
U.S. | 558 | (330) | 17,597
Non-U.S. | 3,287 | (240) | (577)
Total Deferred | 3,845 | (570) | 17,020
Total provision for income taxes | $14,120 | $11,571 | $25,805


Question: What was the current income tax provision for Non-U.S. in 2017?
Answer: 7,150
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 10 — Contingencies
Certain processes in the manufacture of our current and past products create by-products classified as hazardous waste. We have been notified by the U.S. Environmental Protection Agency, state environmental agencies, and in some cases, groups of potentially responsible parties, that we may be potentially liable for environmental contamination at several sites currently and formerly owned or operated by us. Two of those sites, Asheville, North Carolina and Mountain View, California, are designated National Priorities List sites under the U.S. Environmental Protection Agency’s Superfund program. We accrue a liability for probable remediation activities, claims and proceedings against us with respect to environmental matters if the amount can be reasonably estimated, and provide disclosures including the nature of a loss whenever it is probable or reasonably possible that a potentially material loss may have occurred but cannot be estimated. We record contingent loss accruals on an undiscounted basis.
A roll-forward of remediation reserves included in accrued expenses and other liabilities in the Consolidated Balance Sheets is comprised of the following:
(1) Other activity includes currency translation adjustments not recorded through remediation expense
Unrelated to the environmental claims described above, certain other legal claims are pending against us with respect to matters arising out of the ordinary conduct of our business.
We provide product warranties when we sell our products and accrue for estimated liabilities at the time of sale. Warranty estimates are forecasts based on the best available information and historical claims experience. We accrue for specific warranty claims if we believe that the facts of a specific claim make it probable that a liability in excess of our historical experience has been incurred, and provide disclosures for specific claims whenever it is reasonably possible that a material loss may be incurred which cannot be estimated. We have an outstanding warranty claim for which we have not yet determined the root cause of a product performance issue. Testing is ongoing. We are not able to quantify the potential impact on our operations, if any, because we have not yet determined the root cause.
We cannot provide assurance that the ultimate disposition of environmental, legal, and product warranty claims will not materially exceed the amount of our accrued losses and adversely impact our consolidated financial position, results of operations, or cash flows. Our accrued liabilities and disclosures will be adjusted accordingly if additional information becomes available in the future.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Balance at beginning of period | $11,274 | $17,067 | $18,176
Remediation expense | 2,602 | 1,182 | 307
Remediation payments | (2,455) | (6,967) | (1,416)
Other activity (1) | 23 | (8) | —
Balance at end of the period | $11,444 | $11,274 | $17,067


Question: What was the change in Other activity between 2018 and 2019?
Answer: 31
Calculation: 23-(-8)
jpmorgan chase & co./2016 annual report 35 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2011 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2011 2012 2013 2014 2015 2016 .

Table:
december 31 ( in dollars ) | 2011 | 2012 | 2013 | 2014 | 2015 | 2016
jpmorgan chase | $ 100.00 | $ 136.18 | $ 186.17 | $ 204.57 | $ 221.68 | $ 298.31
kbw bank index | 100.00 | 133.03 | 183.26 | 200.42 | 201.40 | 258.82
s&p financial index | 100.00 | 128.75 | 174.57 | 201.06 | 197.92 | 242.94
s&p 500 index | 100.00 | 115.99 | 153.55 | 174.55 | 176.95 | 198.10
december 31 , ( in dollars ) .

Question: did jpmorgan chase outperform the kbw bank index 100.00?\\n
Answer: yes
Calculation: greater(298.31, 258.82)