hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Disaggregated revenue
Revenue disaggregated by type of service was as follows for the periods presented:
(1) For the year ended December 31, 2019, includes a $30,459 change in fair value of our servicing asset primarily associated with increases to the contractually specified fixed servicing fees for certain Bank Partners. Refer to Note 3 for additional information.
(2) Other revenue includes miscellaneous revenue items that are individually immaterial. Other revenue is presented separately herein in order to clearly present merchant, interchange and servicing fees, which are more integral to our primary operations and better enable financial statement users to calculate metrics such as servicing and merchant fee yields.
No assets were recognized from the costs to obtain or fulfill a contract with a customer as of December 31,
2019 and 2018. We recognized bad debt expense arising from our contracts with customers of $950, $1,294 and
$817 during the years ended December 31, 2019, 2018 and 2017, respectively, which is recorded within general and
administrative expense in our Consolidated Statements of Operations.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Merchant fees | $361,755 | $297,776 | $234,548
Interchange fees | 44,150 | 51,128 | 44,410
Transaction fees | 405,905 | 348,904 | 278,958
Servicing fees(1) | 123,697 | 65,597 | 46,575
Other(2) | 44 | 172 | 354
Servicing and other | 123,741 | 65,769 | 46,929
Total revenue | $529,646 | $414,673 | $325,887


Question: How many years did Interchange fees exceed $50,000 thousand?
Answer: 1
Calculation: 2018
The fair value of the assets held by the U.K. pension plan by asset category are as follows:
The expected long-term rates of return on plan assets are equal to the yields to maturity of appropriate indices for government and corporate bonds and by adding a premium to the government bond return for equities. The expected rate of return on cash is the Bank of England base rate in force at the effective date.
Level 1 investments represent mutual funds for which a quoted market price is available on an active market. These investments primarily hold stocks or bonds, or a combination of stocks and bonds.
Table:
 |  |  |  | Fair value as of |  |  |  | 
 | September 30, 2019 |  |  |  | September 30, 2018 |  |  | 
 | Fair Value Measurements Using Inputs Considered as |  |  |  | Fair Value Measurements Using Inputs Considered as |  |  | 
Asset category | Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3
Cash on deposit | $279 | $279 | $- | $- | $36 | $36 | $- | $-
Pooled funds | 7,959 | 7,959 | - | - | 8,234 | 8,234 | - | -
Total plan assets | $8,238 | $8,238 | $- | $- | $8,270 | $8,270 | $- | $-


Question: What do Level 1 investments represent?
Answer: Mutual funds for which a quoted market price is available on an active market
2019 financial year guidance
The adjusted EBITDA and free cash flow guidance measures for the year ended 31 March 2019 were forward-looking alternative performance measures based on the Group’s assessment of the global macroeconomic outlook and foreign exchange rates of €1:£0.87, €1:ZAR 15.1, €1:TRY 5.1 and €1:EGP 22.1. These guidance measures exclude the impact of licence and spectrum payments, material one-off tax-related payments, restructuring payments, changes in shareholder recharges from India and any fundamental structural change to the Eurozone. They also assume no material change to the current structure of the Group. We believe it is both useful and necessary to report these guidance measures to give investors an indication of the Group’s expected future performance, the Group’s sensitivity to foreign exchange movements and to report actual performance against these guidance measures.
Reconciliations of adjusted EBITDA and free cash flow to the 2019 financial year guidance basis is shown below.
Table:
 |  | Adjusted EBITDA |  | Free cash flow (pre-spectrum)
 | 2019 €m | 2018 €m | Growth | 2019 €m
Reported (IAS 18 basis) | 14,139 | 14,737 | (4.1)% | 5,443
Other activity (including M&A) | (95) | (341) |  | –
Foreign exchange | – | (288) |  | –
Handset financing and settlements | (198) | (674) |  | –
Guidance basis | 13,846 | 13,434 | 3.1% | 5,443


Question: Between 2018 and 2019, which year had higher adjusted EBITDA, guidance basis?
Answer: 2019
Calculation: 13,846>13,434
Assets and Liabilities Measured at Fair Value
The following table presents our assets and liabilities measured at fair value on a recurring or non-recurring basis at December 31,
2019:
The carrying amount of money market funds approximates fair value as of each reporting date because of the short maturity of those
instruments.
The Company did not have any non-financial assets or non-financial liabilities that were recognized or disclosed at fair value as of
December 31, 2019.
Table:
 | Level 1 | Level 2 | Level 3
 | (In thousands) |  | 
Assets |  |  | 
Cash equivalents: Money market funds | $256,915 | $ - | $ -
Other current assets: |  |  | 
Indemnification - Sale of SSL | $ - | $ - | $ 598
Liabilities |  |  | 
Long term liabilities: |  |  | 
Indemnification - Globalstar do Brasil S.A. | $ - | $ - | $145


Question: What is the usefulness of the carrying amount of money market funds?
Answer: approximates fair value as of each reporting date
6. Supplemental Financial Information
Inventories (in millions):
Table:
 | April 26, 2019 | April 26,2018
Purchased components | $ 8 | $ 12
Finished goods | 123 | 110
Inventories | $ 131 | $ 122


Question: What was the amount of purchased components in 2019?
Answer: 8
17. Income Taxes
Income before income taxes for the Company’s domestic and foreign operations was as follows:
Table:
 |  | Years Ended June 30, | 
($ in millions) | 2019 | 2018 | 2017
Domestic | $204.2 | $140.3 | $56.0
Foreign | 11.8 | 19.9 | 14.2
Income before income taxes | $216.0 | $160.2 | $70.2


Question: What are the different types of operations for which income before income taxes was provided?
Answer: Domestic, Foreign
Non-marketable investments
Non-marketable equity securities are measured at fair value using market data, such as publicly available financing round valuations. Financial information of private companies may not be available and consequently we will estimate the fair value based on the best available information at the measurement date.
The following table presents the reconciliations of Level 3 financial instrument fair values:
There were transfers out from Level 3 due to initial public offerings of the respective investees during fiscal year 2019. There were no transfers between levels during fiscal year 2018.
Table:
 | Capped Call | Embedded exchange feature of Notes | Non-marketable investments
 |  | (U.S. $ in thousands) | 
Balance as of June 30, 2017 | $— | $— | $—
Purchases | 87,700 | (177,907) | —
Gains (losses) |  |  | 
Recognized in other non-operating (expense) income, net | 12,232 | (24,646) | 
Balance as of June 30, 2018 | 99,932 | (202,553) | —
Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2018 |  |  | 
Recognized in other non-operating income (expense), net | 12,232 | (24,646) | —
Balance as of June 30, 2018 | $99,932 | $(202,553) | $—
Purchases | — | — | 23,000
Transfer out | — | — | (20,942)
Gains (losses) |  |  | 
Recognized in finance income | — | — | 270
Recognized in other non-operating (expense) income, net | 114,665 | (648,573) | —
Recognized in other comprehensive income | — | — | 672
Balance as of June 30, 2019 | $214,597 | $(851,126) | $3,000
Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2019 |  |  | 
Recognized in other non-operating income (expense), net | 114,665 | (648,573) | —


Question: Why was there transfers out of Level 3 during fiscal year 2019?
Answer: Due to initial public offerings of the respective investees
Selling, General and Administrative
The increase in selling, general and administrative in fiscal 2019 compared to fiscal 2018 was primarily due to higher variable costs on increased sales volumes, primarily related to increases in headcount costs and employee incentive compensation, as well as additional costs from the FRT acquisition, offset partially by a decrease in the amortization of intangible assets.
Table:
 |  | Fiscal Year Ended |  | 
 | December 28, 2019 | December 29, 2018 | $ Change | % Change
 |  | (Dollars in thousands) |  | 
Selling, general and administrative | $106,335 | $99,254 | $7,081 | 7.1 %
% of revenues | 18.0 % | 18.7 % |  | 
 |  | Fiscal Year Ended |  | 
 | December 29, 2018 | December 30, 2017 | $ Change | % Change
 |  | (Dollars in thousands) |  | 
Selling, general and administrative | $99,254 | $95,489 | $3,765 | 3.9 %
% of revenues | 18.7 % | 17.4 % |  | 


Question: What is the average Selling, general and administrative for the Fiscal Year Ended December 29, 2018 to December 30, 2017?
Answer: 97371.5
Calculation: (99,254+95,489) / 2
Note 3 – Net Income per Share
The following table sets forth the computation of basic and diluted earnings per share:
Table:
 |  | Fiscal Year Ended | 
 | December 27, 2019  | December 28, 2018  | December 29, 2017
Net income per share: |  |  | 
Basic | $0.82 | $0.71 | $0.55
Diluted | $0.81 | $0.70 | $0.54
Weighted average common shares: |  |  | 
Basic | 29,532,342 | 28,703,265 | 26,118,482
Diluted | 30,073,338 | 29,678,919 | 27,424,526


Question: What is the net income per basic share for fiscal years 2019, 2018 and 2017 respectively?
Answer: $0.82, $0.71, $0.55
Disaggregation of revenue
To provide visibility into our transition from older products to our newer, higher growth products and clarity into the dynamics of our product revenue, we have historically grouped our products by “Strategic” and “Mature” solutions. Strategic solutions include Clustered ONTAP, branded E-Series, SolidFire, converged and hyper-converged infrastructure, ELAs and other optional add-on software products. Mature solutions include 7-mode ONTAP, add-on hardware and related operating system (OS) software and original equipment manufacturers (OEM) products. Both our Mature and Strategic product lines include a mix of disk, hybrid and all flash storage media. Additionally, we provide a variety of services including software maintenance, hardware maintenance and other services including professional services, global support solutions, and customer education and training.
The following table depicts the disaggregation of revenue by our products and services (in millions):
Revenues by geographic region are presented in Note 16 – Segment, Geographic, and Significant Customer Information
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Product revenues | $ 3,755 | $  3,525 | $  3,060
Strategic | 2,709 | 2,468 | 2,000
Mature | 1,046 | 1,057 | 1,060
Software maintenance revenues | 946 | 902 | 905
Hardware maintenance and other services revenues | 1,445 | 1,492 | 1,526
Hardware maintenance support contracts | 1,182 | 1,214 | 1,258
Professional and other services | 263 | 278 | 268
Net revenues | $ 6,146 | $  5,919 | $  5,491


Question: How many years did revenue from mature product lines exceed $1,000 million?
Answer: 3
Calculation: 2019##2018##2017
Note 3: Revenue and Segment Information
Revenue recognized for sales agreements amounted to $5,492.0 million and $5,849.0 million for the years ended December 31, 2019 and 2018, respectively. Revenue recognized for product development agreements amounted to $25.9 million and $29.3 million for the years ended December 31, 2019 and 2018, respectively.
The Company is organized into three operating and reportable segments consisting of PSG, ASG and ISG. The Company's wafer manufacturing facilities fabricate ICs for all business units, as necessary, and their operating costs are reflected in the segments' cost of revenue on the basis of product costs. Because operating segments are generally defined by the products they design and sell, they do not make sales to each other.
The Company does not allocate income taxes or interest expense to its operating segments as the operating segments are principally evaluated on gross profit. Additionally, restructuring, asset impairments and other charges, net and certain other manufacturing and operating expenses, which include corporate research and development costs, unallocated inventory reserves and miscellaneous nonrecurring expenses, are not allocated to any segment.
In addition to the operating and reportable segments, the Company also operates global operations, sales and marketing, information systems and finance and administration groups. A portion of the expenses of these groups are allocated to the segments based on specific and general criteria and are included in the segment results.
Revenue and gross profit for the Company’s operating and reportable segments are as follows (in millions):
Table:
 | PSG | ASG | ISG | Total
For year ended December 31, 2019:   |  |  |  | 
Revenue from external customers | $2,788.3 | $1,972.3 | $757.3 | $5,517.9
Segment gross profit | 976.0 | 794.8 | 275.4 | 2,046.2
For year ended December 31, 2018:   |  |  |  | 
Revenue from external customers | $3,038.2 | $2,071.2 | $768.9 | $5,878.3
Segment gross profit | 1,110.1 | 878.3 | 317.1 | 2,305.5
For year ended December 31, 2017:   |  |  |  | 
Revenue from external customers   | $2,819.3 | $1,950.9 | $772.9 | $5,543.1
Segment gross profit   | 959.8 | 817.8 | 302.6 | 2,080.2


Question: What is the change in PSG Revenue from external customers from year ended December 31, 2018 to 2019?
Answer: -249.9
Calculation: 2,788.3-3,038.2
Results of Operations
The following tables set forth selected consolidated statements of operations data and such data as a percentage of total revenues. The historical results presented below are not necessarily indicative of the results that may be expected for any future period (in thousands):
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Revenues |  |  | 
Subscriptions | $817,811 | $612,888 | $465,254
Other | 85,047 | 60,736 | 38,363
Total revenues | 902,858 | 673,624 | 503,617
Cost of revenues |  |  | 
Subscriptions | 160,320 | 109,454 | 89,193
Other | 70,723 | 47,675 | 32,078
Total cost of revenues | 231,043 | 157,129 | 121,271
Gross profit | 671,815 | 516,495 | 382,346
Operating expenses |  |  | 
Research and development | 136,363 | 101,042 | 75,148
Sales and marketing | 439,100 | 329,116 | 240,223
General and administrative | 142,027 | 102,773 | 72,313
Total operating expenses | 717,490 | 532,931 | 387,684
Loss from operations | (45,675) | (16,436) | (5,338)
Other income (expense), net |  |  | 
Interest expense | (20,512) | (16,102) | (99)
Other income, net | 9,247 | 6,475 | 1,491
Other income (expense), net | (11,265) | (9,627) | 1,392
Loss before income taxes | (56,940) | (26,063) | (3,946)
Provision for (benefit from) income taxes | (3,333) | 140 | 258
Net loss | $(53,607) | $(26,203) | $(4,204)


Question: What is the average other cost between 2017 to 2019?
Answer: 50158.67
Calculation: (70,723 + 47,675 + 32,078)/3
Deferred taxes arise because of differences in the book and tax bases of certain assets and liabilities. Significant components of deferred tax assets and liabilities are as follows:
At December 31, 2019, undistributed earnings of our foreign subsidiaries indefinitely invested outside the U.S. amounted to approximately $3.8 billion. The majority of Verizon’s cash flow is generated from domestic operations and we are not dependent on foreign cash or earnings to meet our funding requirements, nor do we intend to repatriate these undistributed foreign earnings to fund U.S. operations.
Furthermore, a portion of these undistributed earnings represents amounts that legally must be kept in reserve in accordance with certain foreign jurisdictional requirements and are unavailable for distribution or repatriation. As a result, we have not provided U.S. deferred taxes on these undistributed earnings because we intend that they will remain indefinitely reinvested outside of the U.S. and therefore unavailable for use in funding U.S. operations. Determination of the amount of unrecognized deferred taxes related to these undistributed earnings is not practicable.
At December 31, 2019, we had net after-tax loss and credit carry forwards for income tax purposes of approximately $3.0 billion that primarily relate to state and foreign taxes. Of these net after-tax loss and credit carry forwards, approximately $2.0 billion will expire between 2020 and 2039 and approximately $1.0 billion may be carried forward indefinitely.
During 2019, the valuation allowance decreased approximately $481 million. The balance of the valuation allowance at December 31, 2019 and the 2019 activity is primarily related to state and foreign taxes.
Table:
 |  | (dollars in millions)
At December 31, | 2019 | 2018
Deferred Tax Assets |  | 
Employee benefits | $ 5,048 | $ 5,403
Tax loss and credit carry forwards | 3,012 | 3,576
Other – assets | 5,595 | 1,650
 | 13,655 | 10,629
Valuation allowances | (2,260) | (2,741)
Deferred tax assets | 11,395 | 7,888
Deferred Tax Liabilities |  | 
Spectrum and other intangible amortization | 22,388 | 21,976
Depreciation | 16,884 | 15,662
Other—liabilities | 6,742 | 3,976
Deferred tax liabilities | 46,014 | 41,614
Net deferred tax liability | $ 34,619 | $ 33,726


Question: What was the valuation allowance decrease in 2019?
Answer: $481 million
NOTE 6 - continued
For information on assets provided as collateral security, please refer to note 16. Please refer to note 8 for information on impairment testing.
The depreciation expense related to "Other plant and operating equipment" of USD 1.0m relates to "Administrative expense" (2018: USD 1.1m, 2017: USD 0.9m). Depreciation and impairment losses on tangible fixed assets on "Vessels and capitalized dry-docking" relate to operating expenses.
Table:
USDm | 2019 | 2018 | 2017
Other plant and operating equipment |  |  | 
Cost: |  |  | 
Balance as of 1 January | 5.8 | 3.6 | 2.7
Adjustment on transition to IFRS 16 | 0.3 | - | -
Additions | 2.2 | 2.2 | 1.0
Disposals | -0.2 | - | -0.1
Balance as of 31 December | 8.1 | 5.8 | 3.6
Depreciation: |  |  | 
Balance as of 1 January | 2.8 | 1.7 | 0.9
Disposals | - | - | -0.1
Depreciation for the year | 1.0 | 1.1 | 0.9
Balance as of 31 December | 3.8 | 2.8 | 1.7
Carrying amount as of 31 December | 4.3 | 3.0 | 1.9


Question: What are the broad categories analyzed under Other plant and operating equipment?
Answer: Cost, Depreciation
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
The Company entered into new lease liabilities amounting to $47,064 during the year ended December 31, 2019.
The table below provides the total amount of lease payments on an undiscounted basis on our chartered-in contracts, office lease agreements and land lease agreements as of December 31, 2019:
As of December 31, 2019, the weighted average remaining lease terms on our charter-in contracts, office lease agreements and land leases are 4.5 years, 1.9 years and 46.3 years, respectively.
Table:
 | Charter-in vessels in operation | Land Leases | Office space
December 31, 2020 | $109,574 | $556 | $753
December 31, 2021 | 85,399 | 556 | 356
December 31, 2022 | 57,282 | 556 | 101
December 31, 2023 | 47,603 | 556 | 81
December 31, 2024 | 34,025 | 556 | —
December 31, 2025 and thereafter | 33,481 | 23,002 | —
Total | $367,364 | $25,782 | $1,291
Operating lease liabilities, including current portion | $304,568 | $7,660 | $1,204
Discount based on incremental borrowing rate | $62,796 | $18,122 | $87


Question: What was the weighted average remaining lease terms on the company's land leases as of end 2019?
Answer: 46.3 years
Defined Benefit Plan
We maintain defined benefit pension plans for certain of our non-U.S. employees in the U.K., Germany, and Philippines. Each plan is managed locally and in accordance with respective local laws and regulations.
In order to measure the expense and related benefit obligation, various assumptions are made including discount rates used to value the obligation, expected return on plan assets used to fund these expenses and estimated future inflation rates. These assumptions are based on historical experience as well as facts and circumstances. An actuarial analysis is used to measure the expense and liability associated with pension benefits.
In connection with the acquisition of Artesyn in September of 2019, the Company acquired certain pension plans and, as a result, started including the related balances in its Consolidated Balance Sheets at December 31, 2019 and the expenses attributable to these plans for the period from September 10, 2019 to December 31, 2019 in its Consolidated Statement of Operations. See Note 2. Business Acquisitions for more details on this transaction.
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The information provided below includes one pension plan which is part of discontinued operations. As such, all related liabilities and expenses are reported in discontinued operations in the Company’s Consolidated Balance Sheets and Consolidated Statements of Operations for all periods presented.
The Company’s projected benefit obligation and plan assets for defined benefit pension plans at December 31, 2019 and 2018 and the related assumptions used to determine the related liabilities are as follows:
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Projected benefit obligation, beginning of year | $  33,178 | $  34,498
Acquisition | 48,350 | 1,063
Service cost | 272 | 841
Interest cost | 1,211 | 802
Actuarial loss | (193) | (988)
Benefits paid | (1,779) | (1,113)
Translation adjustment | 2,223 | (1,925)
Projected benefit obligation, end of year | $  83,262 | $  33,178
Fair value of plan assets, beginning of year | $  13,433 | $  14,181
Acquisitions | 102 | 981
Actual return on plan assets | 380 | 675
Contributions | 644 | 828
Benefits paid | (1,176) | (1,086)
Actuarial gain | 1,064 | (1,357)
Translation adjustment | 456 | (789)
Fair value of plan assets, end of year | $  14,903 | $  13,433
Funded status of plan | $  (68,359) | $  (19,745)


Question: What was the change in interest cost between 2018 and 2019?
Answer: 409
Calculation: 1,211-802