hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Results of Operations: Years Ended December 31, 2018, versus Year Ended December 31, 2017 (Amounts in thousands, except percentages and per share amounts):
Capital Resources
Long-term debt was comprised of the following:
On February 12, 2019, we entered into an amended and restated five-year Credit Agreement with a group of banks (the "Credit Agreement") to extend the term of the facility. The Credit Agreement provides for a revolving credit facility of $300,000, which may be increased by $150,000 at the request of the Company, subject to the administrative agent's approval. This new unsecured credit facility replaces the prior $300,000 unsecured credit facility, which would have expired August 10, 2020. Borrowings of $50,000 under the prior credit agreement were refinanced into the Credit Agreement. The prior agreement was terminated as of February 12, 2019.
The Revolving Credit Facility includes a swing line sublimit of $15,000 and a letter of credit sublimit of $10,000. Borrowings under the Revolving Credit Facility bear interest at the base rate defined in the Credit Agreement. We also pay a quarterly commitment fee on the unused portion of the Revolving Credit Facility. The commitment fee ranges from 0.20% to 0.30% based on the our total leverage ratio.
We have entered into interest rate swap agreements to fix interest rates on $50,000 of long-term debt through February 2024. The difference to be paid or received under the terms of the swap agreements is recognized as an adjustment to interest expense when settled.
We have historically funded our capital and operating needs primarily through cash flows from operating activities, supported by available credit under our Revolving Credit Facility. We believe that cash flows from operating activities and available borrowings under our Revolving Credit Facility will be adequate to fund our working capital needs, capital expenditures, and debt service requirements for at least the next twelve months. However, we may choose to pursue additional equity and debt financing to provide additional liquidity or to fund acquisitions.
Table:
 | As of December 31, | 
 | 2019 | 2018
Total credit facility | $300,000 | $300,000
Balance Outstanding | $99,700 | $50,000
Standby letters of credit | $1,800 | $1,940
Amount available | $198,500 | $248,060
Weighted-average interest rate | 3.25% | 3.10%
Commitment fee percentage per annum | 0.23% | 0.20%


Question: What was the change in the Weighted-average interest rate between 2018 and 2019?
Answer: 0.15
Calculation: 3.25-3.10
performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 77787 common stockholders of record as of january 31 , 2017 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2016 . the graph and table assume that $ 100 was invested on december 31 , 2011 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .

Table:
date | citi | s&p 500 | s&p financials
31-dec-2011 | 100.0 | 100.0 | 100.0
31-dec-2012 | 150.6 | 116.0 | 128.8
31-dec-2013 | 198.5 | 153.6 | 174.7
31-dec-2014 | 206.3 | 174.6 | 201.3
31-dec-2015 | 197.8 | 177.0 | 198.2
31-dec-2016 | 229.3 | 198.2 | 243.4
.

Question: what was the percentage cumulative total return for citi common stock for the five years ended december 31 , 2016?
Answer: 129.3%
Calculation: subtract(229.3, const_100), divide(#0, const_100)
Income from Equity Investees
Marine Services: Income from equity investees within our Marine Services segment for the year ended December 31, 2019 decreased $14.1 million to $5.6 million from $19.7 million for the year ended year ended December 31, 2018. The decrease was driven by HMN, due to lower revenues on large turnkey projects underway than in the comparable period.
The equity investment in HMN has contributed $5.0 million and $12.7 million in income from equity investees for the years ended December 31, 2019 and 2018, respectively. Further contributing to the reduction in income were losses at SBSS from a loss contingency related to ongoing legal disputes and lower vessel utilization.
Life Sciences: Loss from equity investees within our Life Sciences segment for the year ended December 31, 2019 decreased $0.6 million to $3.4 million from $4.0 million for the year ended December 31, 2018. The decrease in losses were largely due to lower equity method losses recorded from our investment in MediBeacon due to the timing of clinical trials and revenue from a licensing agreement which did not occur in the comparable periods.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Construction | $— | $ (0.2) | $ 0.2
Marine Services | 5.6 | 19.7 | (14.1)
Life Sciences | (3.4) | (4.0) | 0.6
Other | — | (0.1) | 0.1
Income from equity investees | $ 2.2 | $ 15.4 | $ (13.2)


Question: What is the percentage increase / (decrease) in the income from equity investees from 2018 to 2019?
Answer: -85.71
Calculation: 2.2 / 15.4 - 1
Outstanding Equity Awards at Fiscal Year End
The following table summarizes the equity awards made to our named executive officers that were outstanding at December 31, 2019
Table:
Name | No. of Securities Underlying Unexercised Options (#) Exercisable No. of Securities Underlying Unexercised | No. of Securities Underlying Unexercised Options (#) Unexercisable No. of Securities Underlying Unexercised | Option Exercise Price | Option Expiration Date
Garo H. Armen (1) | 500,000 | - | $1.25 | April 16, 2026
Garo H. Armen (2) | 184,028 | 65,972 | $1.75 | October 16, 2027
Alexander K. Arrow (3) | 100,000 | - | $1.25 | February 12, 2026
Alexander K. Arrow (3) | 140,000 | - | $1.25 | April 15, 2026
Alexander K. Arrow (4) | 55,208 | 19,792 | $1.75 | October 16, 2027
Alexander K. Arrow (5) | 41,667 | - | $1.00 | February 1, 2029


Question: How many of Garo H. Armen's options would expire on October 16, 2027?
Answer: 184,028
Inventories
The components of inventories consist of the following (in millions):
Inventories are valued at the lower of cost and net realizable value using the first-in, first-out method. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable.
Table:
 | March 31, | 
 | 2019 | 2018
Raw materials | $74.5 | $26.0
Work in process | 413.0 | 311.8
Finished goods | 224.2 | 138.4
Total inventories | $711.7 | $476.2


Question: What was the change in raw materials between 2018 and 2019?
Answer: 48.5
Calculation: 74.5-26.0
5. Operating Expenses
Notes: (1) Includes equipment costs related to ICT services.
(2) Includes supplies and services, as well as rentals of properties and mobile base stations.
Table:
 | Group | 
 | 2019 | 2018
 | S$ Mil | S$ Mil
Cost of equipment sold (1) | 3,106.1 | 2,696.7
Other cost of sales | 2,767.1 | 2,499.2
Staff costs | 2,597.3 | 2,760.1
Selling and administrative costs (2) | 2,472.6 | 2,536.6
Traffic expenses | 1,573.4 | 1,615.8
Repair and maintenance | 388.0 | 367.9
 | 12,904.5 | 12,476.3


Question: What does cost of equipment sold include?
Answer: Includes equipment costs related to ICT services.
28 SHARE BASED COMPENSATION PLANS
The compensation cost recognised with respect to all outstanding plans and by grant of shares, which are all equity settled instruments, is as follows:
(*) includes of 1,305,399 options granted towards Share Plan 2015 during twelve months ended March 31, 2019 at an average exercise price of $14.86 per share and average grant date fair value $2.6 per share.
(**) includes Restricted Share Unit (RSU) and Other share option plans. In respect of 211,567 units/options granted towards RSU during twelve months ended March 31, 2019, grant date fair value approximates intrinsic value $10.48 per share. (**) includes Restricted Share Unit (RSU) and Other share option plans. In respect of 211,567 units/options granted towards RSU during twelve months ended March 31, 2019, grant date fair value approximates intrinsic value $10.48 per share.
(***) includes 1,400,000 shares granted twelve months ended March 31, 2019 to management personnel at grant date fair value $10.08 per share.
Joint Stock Ownership Plan (JSOP)
In April 2012, the Company established a controlled trust called the Eros International Plc Employee Benefit Trust (“JSOP Trust”). The JSOP Trust purchased 2,000,164 shares of the Company out of funds borrowed from the Company and repayable on demand. The Company’s Board, Nomination and Remuneration Committee recommends to the JSOP Trust certain employees, officers and key management personnel, to whom the JSOP Trust will be required to grant shares from its holdings at nominal price. Such shares are then held by the JSOP Trust and the scheme is referred to as the “JSOP Plan.” The shares held by the JSOP Trust are reported as a reduction in stockholders’ equity and termed as ‘JSOP reserves’.
Table:
 |  | Year ended March 31 | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
IPO India Plan | $1,198 | $1,572 | $2,140
JSOP Plan | — | 615 | 3,622
Option award scheme 2012 | — | 197 | 699
2014 Share Plan | 47 | (22) | 1,427
2015 Share Plan(*) | 3,059 | 100 | 328
Other share option awards(**) | 5,346 | 7,283 | 4,405
Management scheme (staff share grant) (***) | 11,911 | 8,173 | 10,850
 | $21,561 | $17,918 | $23,471


Question: How many fiscal years had  IPO India Plan above $2,000 thousand?
Answer: 1
Calculation: 2017
Note 9: Long-Term Debt
The Company's long-term debt consists of the following (annualized interest rates, dollars in millions):
(1) Interest is payable on June 1 and December 1 of each year at 1.00% annually. (2) Interest is payable on April 15 and October 15 of each year at 1.625% annually. (3) Consists of U.S. real estate mortgages, term loans, revolving lines of credit, notes payable and other facilities at certain international locations where interest is payable weekly, monthly or quarterly, with interest rates between 1.00% and 4.00% and maturity dates between 2019 and 2022.
(4) Debt discount of $20.4 million and $41.6 million for the 1.00% Notes, $71.8 million and $88.5 million for the 1.625% Notes and $10.5 million and $9.3 million for the Term Loan "B" Facility, in each case as of December 31, 2019 and December 31, 2018, respectively. (5) Debt issuance costs of $2.8 million and $5.8 million for the 1.00% Notes, $6.9 million and $8.5 million for the 1.625% Notes and $24.3 million and $19.2 million for the Term Loan "B" Facility, in each case as of December 31, 2019 and December 31, 2018, respectively.
Table:
 | As of | 
 | December 31, 2019 | December 31, 2018
Amended Credit Agreement:   |  | 
Revolving Credit Facility due 2024, interest payable monthly at3 .30% and 3.77%, respectively | $800.0 | $400.0
Term Loan “B” Facility due 2026, interest payable monthly at3 .80% and 4.27%, respectively | 1,630.9 | 1,134.5
1.00% Notes due 2020 (1) | 690.0 | 690.0
1.625% Notes due 2023 (2) | 575.0 | 575.0
Other long-term debt (3) | 53.3 | 139.5
Gross long-term debt, including current maturities | 3,749.2 | 2,939.0
Less: Debt discount (4) | (102.7) | (139.4)
Less: Debt issuance costs (5) | (34.0) | (33.5)
Net long-term debt, including current maturities | 3,612.5 | 2,766.1
Less: Current maturities | (736.0) | (138.5)
 Net long-term debt | $2,876.5 | $2,627.6


Question: How much Interest is payable on June 1 and December 1 of each year?
Answer: 1.00% annually.
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 6: PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other current assets consisted of the following:
Claims receivable mainly represents claims against vessels’ insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts including off-hires. While it is anticipated that claims receivable will be recovered within one year, such claims may not all be recovered within one year due to the attendant process of settlement. Nonetheless, amounts are classified as current as they represent amounts currently due to the Company. All amounts are shown net of applicable deductibles.
As of December 31, 2018, claims receivable include $11,571 related to insurance claim at the iron ore port terminal in Nueva Palmira, Uruguay.
Table:
 | December 31, 2019 | December 31, 2018
Prepaid voyage and operating costs | $5,726 | $9,261
Claims receivable | 3,826 | 22,224
Prepaid other taxes | 1,012 | 2,682
Advances for working capital purposes | — | 18
Other | 1,675 | 6,005
Total prepaid expenses and other current assets | $12,239 | $40,190


Question: Which years does the table provide information for Prepaid expenses and other current assets?
Answer: 2019, 2018
Write-offs of lease receivables and loan receivables were $15 million and $20 million, respectively, for the year ended December 31, 2018. Provisions for credit losses recorded for lease receivables and loan receivables were $14 million and $2 million, respectively, for the year ended December 31, 2018.
The average recorded investment of impaired leases and loans for Americas, EMEA and Asia Pacific was $138 million, $55 million and $73 million, respectively, for the year ended December 31, 2018. Both interest income recognized, and interest income recognized on a cash basis on impaired leases and loans were immaterial for the year ended December 31, 2018.
Table:
($ in millions) |  |  |  | 
At December 31, 2018: | Americas | EMEA | Asia Pacific | Total
Recorded investment: |  |  |  | 
Lease receivables | $ 3,827 | $1,341 | $1,152 | $ 6,320
Loan receivables | 6,817 | 3,675 | 2,489 | 12,981
Ending balance | $10,644 | $5,016 | $3,641 | $19,301
Recorded investment, collectively evaluated for impairment | $10,498 | $4,964 | $3,590 | $19,052
Recorded investment, individually evaluated for impairment | $   146 | $   52 | $   51 | $   249
Allowance for credit losses |  |  |  | 
Beginning balance at January 1, 2018 |  |  |  | 
Lease receivables | $    63 | $    9 | $   31 | $   103
Loan receivables | 108 | 52 | 51 | 211
Total | $   172 | $   61 | $   82 | $   314
Write-offs | (10) | (2) | (23) | (35)
Recoveries | 0 | 0 | 2 | 2
Provision | 7 | 9 | 0 | 16
Other* | (11) | (3) | (4) | (19)
Ending balance at December 31, 2018 | $   158 | $   65 | $   56 | $   279
Lease receivables | $    53 | $   22 | $    24 | $    99
Loan receivables | $   105 | $   43 | $    32 | $   179
Related allowance, collectively evaluated for impairment | $    39 | $   16 | $    5 | $     59
Related allowance, individually evaluated for impairment | $   119 | $   49 | $    51 | $   219


Question: How much was the write-offs of lease and loan receivables for December 2018?
Answer: Write-offs of lease receivables and loan receivables were $15 million and $20 million, respectively, for the year ended December 31, 2018.
Defined Benefit Pension Plan Assets
The investments of the plans are managed by insurance companies or third-party investment managers selected by Autodesk's Trustees, consistent with regulations or market practice of the country where the assets are invested. Investments managed by qualified insurance companies or third-party investment managers under standard contracts follow local regulations, and Autodesk is not actively involved in their investment strategies.
Defined benefit pension plan assets measured at fair value on a recurring basis consisted of the following investment categories at the end of each period as follows:
The insurance contracts in the preceding table represent the immediate cash surrender value of assets managed by qualified insurance companies. Autodesk does not have control over the target allocation or visibility of the investment strategies of those investments. Insurance contracts and investments held by insurance companies made up 35% and 44% of total plan assets as of January 31, 2019 and January 31, 2018, respectively.
The assets held in the investment fund in the preceding table are invested in a diversified growth fund actively managed by Russell Investments in association with Aon Hewitt. The objective of the fund is to generate capital appreciation on a longterm basis through a diversified portfolio of investments. The fund aims to deliver equity-like returns in the medium to long term with around two-thirds the volatility of equity markets. The fair value of the assets held in the investment fund are priced monthly at net asset value without restrictions on redemption.
Table:
 | Fiscal Year Ended January 31, |  |  |  | 
 | 2019 |  |  |  | 2018
 | Level 1 | Level 2 | Level 3 | Total | Total
Insurance contracts | $— | $28.0 | $— | $28.0 | $53.0
Other investments | — | 14.5 | — | 14.5 | 17.0
Total assets measured at fair value | $— | $42.5 | $— | $42.5 | 70.0
Cash |  |  |  | 4.3 | 0.2
Investment Fund valued using net asset value |  |  |  | 34.0 | 50.9
Total pension plan assets at fair value |  |  |  | $80.8 | $121.1


Question: Who manages Autodesk's pension plans?
Answer: The investments of the plans are managed by insurance companies or third-party investment managers selected by Autodesk's Trustees, consistent with regulations or market practice of the country where the assets are invested.
Liquidity and Capital Resources
As of December 31, 2019, we had approximately $36.1 million of cash and cash equivalents and short term investments, a decrease of approximately $7.2 million from $43.3 million in 2018.
During 2018, our board of directors authorized the repurchase of issued and outstanding shares of our common stock having an aggregate value of up to $10.0 million pursuant to a share repurchase program. No shares were repurchased under this program in 2019, As of December 31, 2019, we have a remaining authorization of $8.0 million for future share repurchases.
In 2013, we made a $5 million commitment to invest in an innovation fund through JVP to invest in early-stage cyber technology companies. We sold our interest in JVP in December 2019. There is no further commitment remaining.
Table:
 | December 31, | 
 | 2019 | 2018
 |  | (in thousands)
Cash & cash equivalents | $18,304 | $32,011
Short term investments | 17,779 | 11,303
 | $36,083 | $43,314


Question: What is the amount authorised to be spent on the share repurchase program in 2018 and what is the remaining authorization in 2019?
Answer: $10.0 million, $8.0 million
The 2022 Notes consist of the following (in thousands):
(1) Recorded in the consolidated balance sheet within additional paid-in capital, net of $0.8 million transaction costs in equity. December 31, 2019 also includes $36.7 million market premium representing the excess of the total consideration delivered over the fair value of the liability recognized related to the $23.0 million principal balance repurchase of the 2022 Notes.
Table:
 | As of December 31, | 
 | 2019 | 2018
Liability component: |  | 
Principal | $92,000 | $115,000
Less: debt discount, net of amortization | (12,776) | (20,903)
Net carrying amount | $79,224 | $94,097
Equity component (1) | (14,555) | 22,094


Question: What is the net carrying amount in 2019?
Answer: $79,224
Contract Costs
The following table provides changes in our contract acquisition costs and fulfillment costs:
Acquisition costs include commission fees paid to employees as a result of obtaining contracts. Fulfillment costs include third party and internal costs associated with the provision, installation and activation of telecommunications services to customers, including labor and materials consumed for these activities.
Deferred acquisition and fulfillment costs are amortized based on the transfer of services on a straight-line basis over the average customer life of 30 months for consumer customers and 12 to 60 months for business customers and amortized fulfillment costs are included in cost of services and products and amortized acquisition costs are included in selling, general and administrative expenses in our consolidated statements of operations. The amount of these deferred costs that are anticipated to be amortized in the next twelve months are included in other current assets on our consolidated balance sheets. The amount of deferred costs expected to be amortized beyond the next twelve months is included in other non-current assets on our consolidated balance sheets. Deferred acquisition and fulfillment costs are assessed for impairment on an annual basis.
Table:
 | Year Ended December 31, 2019 | 
 | Acquisition Costs | Fulfillment Costs
 | (Dollars in millions) | 
Beginning of period balance | $322 | 187
Costs incurred | 208 | 158
Amortization | (204) | (124)
End of period balance | $326 | 221


Question: Which type of costs has a larger amount under costs incurred?
Answer: Acquisition Costs
Calculation: 208>158
£1.5m (2018: £1.4m) of scheme assets have a quoted market price in an active market.
The actual return on plan assets was a gain of £5.5m (2018: £1.0m loss).
The amounts recognised in the Company Statement of Financial Position are determined as follows:
Table:
 | 2019 | 2018
 | £m | £m
Fair value of scheme’s assets | 59.5 | 56.4
Present value of funded scheme’s liabilities | (53.9) | (52.7)
Retirement benefit asset recognised in the Statement of Financial Position | 5.6 | 3.7
Related deferred tax | (0.9) | (0.6)
Net pension asset | 4.7 | 3.1


Question: In which year was the net pension asset larger?
Answer: 2019
Calculation: 4.7>3.1
NOTE 13—GUARANTEES AND CONTINGENCIES
We have entered into the following contractual obligations with minimum payments for the indicated fiscal periods as follows:
(1) Includes interest up to maturity and principal payments. Please see note 10 "Long-Term Debt" for more details
(2) Net of $30.7 million of sublease income to be received from properties which we have subleased to third parties.
Table:
 |  |  | Payments due between |  | 
 | Total | July 1, 2019— June 30, 2020 | July 1, 2020— June 30, 2022 | July 1, 2022— June 30, 2024 | July 1, 2024 and beyond
Long-term debt obligations (1) | $3,408,565 | $147,059 | $292,156 | $1,045,567 | $1,923,783
Operating lease obligations (2) | 318,851 | 72,853 | 106,394 | 59,441 | 80,163
Purchase obligations | 11,280 | 8,364 | 2,747 | 169 | —
 | $3,738,696 | $228,276 | $401,297 | $1,105,177 | $2,003,946


Question: What is Operating lease obligations net of?
Answer: $30.7 million of sublease income
21. Subsidiaries
The advances given to subsidiaries were interest-free and unsecured with settlement neither planned nor likely to occur in the foreseeable future.
The deemed investment in a subsidiary, Singtel Group Treasury Pte. Ltd. (“SGT”), arose from financial guarantees provided by the Company for loans drawn down by SGT prior to 1 April 2010.
The significant subsidiaries of the Group are set out in Note 44.1 to Note 44.3.
Table:
 |  | Company | 
 | 31 March 2019 | 31 March 2018 | 1 April 2017
 | S$ Mil | S$ Mil | S$ Mil
Unquoted equity shares, at cost | 14,259.7 | 13,676.4 | 11,001.2
Shareholders' advances | 5,733.0 | 5,733.0 | 6,423.3
Deemed investment in a subsidiary | 32.5 | 32.5 | 32.5
 | 20,025.2 | 19,441.9 | 17,457.0
Less: Allowance for impairment losses | (16.0) | (16.0) | (16.0)
 | 20,009.2 | 19,425.9 | 17,441.0


Question: How many factors are involved in calculating the balance for subsidiaries?
Answer: 4
Calculation: Unquoted equity shares##Shareholders' advances##Deemed investment in a subsidiary##Allowance for impairment losses