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


Question: What was the difference in total goodwill and total investment in affiliates?
Answer: 95984
Calculation: 160,336-64,352
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data is derived from our Consolidated Financial Statements. As our historical operating results are not necessarily indicative of future operating results, this data should be read in conjunction with the Consolidated Financial Statements and notes thereto, and with Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(1) On December 1, 2018, the beginning of our fiscal year 2019, we adopted the requirements of the Financial Accounting Standards Board’s Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, Topic 606, utilizing the modified retrospective method of transition. Prior period information has not been restated and continues to be reported under the accounting standard in effect for those periods.
(2) As of November 29, 2019, working capital was in a deficit primarily due to the reclassification of our $2.25 billion term loan due April 30, 2020 and $900 million 4.75% senior notes due February 1, 2020 to current liabilities. We intend to refinance our Term Loan and 2020 Notes on or before the due dates.
(3) Our fiscal year is a 52- or 53-week year that ends on the Friday closest to November 30. Fiscal 2016 was a 53-week fiscal year compared with the other periods presented which were 52-week fiscal years.
Table:
(in thousands, except per share amounts and employee data) |  |  | Fiscal Years |  | 
 | 2019(1) | 2018 | 2017 | 2016(3) | 2015
Operations: |  |  |  |  | 
Revenue: | $11,171,297 | $9,030,008 | $7,301,505 | $5,854,430 | $4,795,511
Gross profit | $9,498,577 | $7,835,009 | $6,291,014 | $5,034,522 | $4,051,194
Income before income taxes | $3,204,741 | $2,793,876 | $2,137,641 | $1,435,138 | $873,781
Net income | $2,951,458 | $2,590,774 | $1,693,954 | $1,168,782 | $629,551
Net income per share: |  |  |  |  | 
Basic | $6.07 | $5.28 | $3.43 | $2.35 | $1.26
Diluted | $6.00 | $5.20 | $3.38 | $2.32 | $1.24
Shares used to compute basic net income                                        per share | 486,291 | 490,564 | 493,632 | 498,345 | 498,764
Shares used to compute diluted net income per share | 491,572 | 497,843 | 501,123 | 504,299 | 507,164
Financial position: |  |  |  |  | 
Cash, cash equivalents and short-term investments | $4,176,976 | $3,228,962 | $5,819,774 | $4,761,300 | $3,988,084
Working capital(2) | $(1,696,013) | $555,913 | $3,720,356 | $3,028,139 | $2,608,336
Total assets | $20,762,400 | $18,768,682 | $14,535,556 | $12,697,246 | $11,714,500
Debt, current | $3,149,343 | $— | $— | $— | $—
Debt, non-current | $988,924 | $4,124,800 | $1,881,421 | $1,892,200 | $1,895,259
Stockholders’ equity | $10,530,155 | $9,362,114 | $8,459,869 | $7,424,835 | $7,001,580
Additional data: |  |  |  |  | 
Worldwide employees | 22,634 | 21,357 | 17,973 | 15,706 | 13,893


Question: Why was the working capital negative in 2019?
Answer: working capital was in a deficit primarily due to the reclassification of our $2.25 billion term loan due April 30, 2020 and $900 million 4.75% senior notes due February 1, 2020 to current liabilities.
5. Earnings per Common Share
The calculations of basic and diluted earnings per common share for the years ended June 30, 2019, 2018 and 2017 were as follows:
Table:
 |  | Years Ended June 30, | 
(in millions, except per share data) | 2019 | 2018 | 2017
Net income | $167.0 | $188.5 | $47.0
Less: earnings and dividends allocated to participating securities | (1.9) | (1.7) | (0.3)
Earnings available for common shareholders used in calculation of basic earnings per share | $165.1 | $186.8 | $46.7
Weighted average number of common shares outstanding, basic | 47.7 | 47.2 | 47.0
Basic earnings per common share | $3.46 | $3.96 | $0.99
Net income | $167.0 | $188.5 | $47.0
Less: earnings and dividends allocated to participating securities | (1.9) | (1.7) | (0.3)
Earnings available for common shareholders used in calculation of diluted earnings per share | $165.1 | $186.8 | $46.7
Weighted average number of common shares outstanding, basic | 47.7 | 47.2 | 47.0
Effect of shares issuable under share-based compensation plans | 0.4 | 0.4 | 0.1
Weighted average number of common shares outstanding, diluted | 48.1 | 47.6 | 47.1
Diluted earnings per common share | $3.43 | $3.92 | $0.99


Question: In which year was the Weighted average number of common shares outstanding, basic largest?
Answer: 2019
Calculation: 47.7>47.2>47.0
Issuer Purchases of Equity Securities
In March 2011, our Board of Directors approved a stock repurchase program, pursuant to which we are authorized to repurchase up to $1.5 billion of our common stock (the “2011 Buyback”). In addition to the 2011 Buyback, in December 2017, our Board of Directors approved an additional stock repurchase program, pursuant to which we are authorized to repurchase up to $2.0 billion of our common stock (the “2017 Buyback”, and together with the 2011 Buyback the “Buyback Programs”).
During the three months ended December 31, 2019, we repurchased a total of 93,654 shares of our common stock for an aggregate of $19.6 million, including commissions and fees, pursuant to the 2011 Buyback. There were no repurchases under the 2017 Buyback. The table below sets forth details of our repurchases under the 2011 Buyback during the three months ended December 31, 2019.
(1) Repurchases made pursuant to the 2011 Buyback
(2) Average price paid per share is a weighted average calculation using the aggregate price, excluding commissions and fees.
(3) Remaining under the 2011 Buyback.
We have repurchased a total of 14.1 million shares of our common stock under the 2011 Buyback for an aggregate of $1.4 billion, including commissions and fees. We expect to continue to manage the pacing of the remaining $2.1 billion under the Buyback Programs in response to general market conditions and other relevant factors. We expect to fund any further repurchases of our common stock through a combination of cash on hand, cash generated by operations and borrowings under our credit facilities. Purchases under the Buyback Programs are subject to our having available cash to fund repurchases.
Under the Buyback Programs, our management is authorized to purchase shares from time to time through open market purchases or in privately negotiated transactions not to exceed market prices and subject to market conditions and other factors. With respect to open market purchases, we may use plans adopted in accordance with Rule 10b5-1 under the Exchange Act in accordance with securities laws and other legal requirements, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. These programs may be discontinued at any time.
Table:
Period | Total Number of Shares Purchased (1) | Average Price Paid per Share (2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (3)
 |  |  |  | (in millions)
October 1, 2019 - October 31, 2019 | — | $ | — | $
November 1, 2019 - November 30, 2019 | 42,800 | $209.74 | 42,800 | $103.1
December 1, 2019 - December 31, 2019 | 50,854 | $209.59 | 50,854 | $92.4
Total Fourth Quarter | 93,654 | $209.66 | 93,654 | $92.4


Question: During the fourth quarter 2019, how many shares of their common stock did the company purchase?
Answer: 93,654
Stock-Based Compensation Expense
Stock-based compensation expense is included in the consolidated statements of operations as follows (in millions):
As of April 26, 2019, total unrecognized compensation expense related to our equity awards was $285 million, which is expected to be recognized on a straight-line basis over a weighted-average remaining service period of 2.1 years.
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Cost of product revenues | $ 4 | $ 3 | $ 4
Cost of hardware maintenance and other services revenues | 10 | 10 | 13
Sales and marketing | 67 | 68 | 84
Research and development | 48 | 49 | 59
General and administrative | 29 | 31 | 35
Total stock-based compensation expense | $ 158 | $ 161 | $ 195
Income tax benefit for stock-based compensation | $ 15 | $ 29 | $ 41


Question: What would be the percentage change in General and administrative expense between 2018 and 2019?
Answer: -6.45
Calculation: (29-31)/31
(d) Product Warranties
The following table summarizes the activity related to the product warranty liability (in millions):
We accrue for warranty costs as part of our cost of sales based on associated material product costs, labor costs for technical support staff, and associated overhead. Our products are generally covered by a warranty for periods ranging from 90 days to five years, and for some products we provide a limited lifetime warranty.
Table:
 | July 27, 2019 | July 28, 2018 | July 29, 2017
Balance at beginning of fiscal year | $359 | $407 | $414
Provisions for warranties issued | 600 | 582 | 691
Adjustments for pre-existing warranties | (12) | (38) | (21)
Settlements | (603) | (592) | (677)
Acquisitions and divestitures | (2) | — | —
Balance at end of fiscal year | $342 | $359 | $407


Question: How does the company accrue for warranty costs?
Answer: as part of our cost of sales based on associated material product costs, labor costs for technical support staff, and associated overhead
Item 6. Selected Financial Data.
The following selected consolidated financial and operating data was derived from our audited consolidated financial statements. The selected financial data should be read in conjunction with the Consolidated Financial Statements and Notes thereto, and Item 7 contained in Part II of this Annual Report.
(1) When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive. In addition, when a loss from continuing operations is reported, adjusting the denominator of diluted earnings per share would also be anti-dilutive to the loss per share, even if the entity has net income after adjusting for a discontinued operation.
Therefore, for all periods presented, basic weighted-average shares outstanding were used in calculating the diluted net loss per share.
Table:
 |  |  | Year ended March 31, |  | 
(In thousands, except per share data) | 2019 | 2018 | 2017 | 2016 | 2015
Operating results |  |  |  |  | 
Net revenue | $140,842 | $127,360 | $127,678 | $120,366 | $103,514
Gross profit | 73,880 | 64,417 | 63,785 | 68,106 | 60,081
Operating loss | (13,081) | (12,080) | (11,408) | (4,313) | (12,467)
Operating loss, net of taxes | (13,164) | (8,350) | (11,721) | (3,765) | (11,497)
Net loss | $(13,164) | $(8,350) | $(11,721) | $(3,765) | $(11,497)
Per share data (1) |  |  |  |  | 
Basic and diluted |  |  |  |  | 
Net loss | $(0.57) | $(0.37) | $(0.52) | $(0.17) | $(0.51)
Weighted-average shares outstanding - basic and diluted | 23,037 | 22,801 | 22,615 | 22,483 | 22,338
Balance sheet data at year end |  |  |  |  | 
Cash and cash equivalents | $40,771 | $39,943 | $49,255 | $60,608 | $75,067
Working capital | 20,707 | 19,343 | 27,183 | 41,401 | 54,407
Total assets | 163,591 | 157,207 | 167,305 | 185,157 | 181,525
Total debt | 57 | 177 | 237 | 333 | 189
Total shareholders’ equity | 100,622 | 108,431 | 113,669 | 123,473 | 124,188


Question: What is the average gross profit for 2018 and 2019?
Answer: 69148.5
Calculation: (73,880 + 64,417) / 2
j a c k h e n r y . c o m 1 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the company 2019s common stock is quoted on the nasdaq global select market ( 201cnasdaq 201d ) under the symbol 201cjkhy 201d . the company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time . the declaration and payment of any future dividends will continue to be at the discretion of our board of directors and will depend upon , among other factors , our earnings , capital requirements , contractual restrictions , and operating and financial condition . the company does not currently foresee any changes in its dividend practices . on august 15 , 2019 , there were approximately 145300 holders of the company 2019s common stock , including individual participants in security position listings . on that same date the last sale price of the common shares as reported on nasdaq was $ 141.94 per share . issuer purchases of equity securities the following shares of the company were repurchased during the quarter ended june 30 , 2019 : total number of shares purchased ( 1 ) average price of total number of shares purchased as part of publicly announced plans ( 1 ) maximum number of shares that may yet be purchased under the plans ( 2 ) .

Table:
 | total number of shares purchased ( 1 ) | average price of share | total number of shares purchased as part of publicly announced plans ( 1 ) | maximum number of shares that may yet be purchased under the plans ( 2 )
april 1- april 30 2019 | 2014 | $ 2014 | 2014 | 3732713
may 1- may 31 2019 | 250000 | $ 134.35 | 250000 | 3482713
june 1- june 30 2019 | 2014 | $ 2014 | 2014 | 3482713
total | 250000 | $ 134.35 | 250000 | 3482713
( 1 ) 250000 shares were purchased through a publicly announced repurchase plan .
there were no shares surrendered to the company to satisfy tax withholding obligations in connection with employee restricted stock awards .
( 2 ) total stock repurchase authorizations approved by the company 2019s board of directors as of february 17 , 2015 were for 30.0 million shares .
these authorizations have no specific dollar or share price targets and no expiration dates. .

Question: what was the company market capitalization on august 15 , 2019,
Answer: 20623882
Calculation: multiply(145300, 141.94)
Note 19—Earnings Per Share ("EPS")
Basic EPS is computed by dividing net income attributable to Leidos common stockholders by the basic weighted average number of shares outstanding. Diluted EPS is calculated to give effect to all potentially dilutive common shares that were outstanding during the reporting period. The dilutive effect of outstanding equity-based compensation awards is reflected in diluted EPS by application of the treasury stock method, only in periods in which such effect would have been dilutive for the period.
The Company issues unvested stock awards that have forfeitable rights to dividends or dividend equivalents. These stock awards are dilutive common share equivalents subject to the treasury stock method.
The weighted average number of shares used to compute basic and diluted EPS attributable to Leidos stockholders were:
Anti-dilutive stock-based awards are excluded from the weighted average number of shares outstanding used to compute diluted EPS. For fiscal 2019 and 2017, there were no significant anti-diluted equity awards. For fiscal 2018, there was 1 million of outstanding stock options and vesting stock awards that were anti-dilutive.
Table:
 |  | Year Ended | 
 | January 3, 2020 | December 28, 2018 | December 29, 2017
 |  | (in millions) | 
Basic weighted average number of shares outstanding | 143 | 151 | 152
Dilutive common share equivalents—stock options and other stock awards | 2 | 2 | 2
Diluted weighted average number of shares outstanding | 145 | 153 | 154


Question: What was the Basic weighted average number of shares outstanding in 2020, 2018 and 2017 respectively?
Answer: 143, 151, 152
Consolidated statement of comprehensive income
For the year ended 31 March 2019
1 The Group has adopted IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’, and IFRS 16 ‘Leases’ from 1 April 2018. The year ended 31 March 2018 has been restated for IFRS 16 which was implemented using the fully retrospective method. For further information on the impact of the change in accounting policies, see note 2 of these consolidated financial statements.
Table:
 |  | 2019 | 2018 (Restated)1
 | Note | £m | £m
Profit for the year |  | 197.7 | 171.1
Other comprehensive income |  |  | 
Items that may be subsequently reclassified to profit or loss |  |  | 
Exchange differences on translation of foreign operations |  | (0.1) | 0.2
Items that will not be reclassified to profit or loss |  |  | 
Remeasurements of post-employment benefit obligations | 24 | 0.2 | –
Other comprehensive income for the year, net of tax |  | 0.1 | 0.2
Total comprehensive income for the year attributable to equity holders of the parent |  | 197.8 | 171.3


Question: What was the percentage change in profit for the year in 2019 from 2018?
Answer: 15.55
Calculation: (197.7-171.1)/171.1
entergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .

Table:
 | amount ( in thousands )
2009 | $ 47760
2010 | 48569
2011 | 49437
2012 | 49959
2013 | 50546
years thereafter | 103890
total | 350161
less : amount representing interest | 54857
present value of net minimum lease payments | $ 295304
.

Question: what portion of the total minimum lease payments is related to interest?
Answer: 15.7%
Calculation: divide(54857, 350161)
measurement point december 31 the priceline group nasdaq composite index s&p 500 rdg internet composite .

Table:
measurement pointdecember 31 | the priceline group inc . | nasdaqcomposite index | s&p 500index | rdg internetcomposite
2010 | 100.00 | 100.00 | 100.00 | 100.00
2011 | 117.06 | 100.53 | 102.11 | 102.11
2012 | 155.27 | 116.92 | 118.45 | 122.23
2013 | 290.93 | 166.19 | 156.82 | 199.42
2014 | 285.37 | 188.78 | 178.29 | 195.42
2015 | 319.10 | 199.95 | 180.75 | 267.25
.

Question: what was the difference in percentage change between the priceline group inc . and the nasdaq composite index for the five years ended 2015?
Answer: 119.15%
Calculation: subtract(319.10, const_100), divide(#0, const_100), subtract(199.95, const_100), divide(#2, const_100), subtract(#1, #3)
Reporting Channels and Whistleblower Protection
To ensure that our conduct meets relevant legal requirements and the highest ethical standards under the Ethics Code, TSMC provides multiple channels for reporting business conduct concerns.
First of all, our Audit Committee approved and we have implemented the “Complaint Policy and Procedures for Certain Accounting and Legal Matters” and “Procedures for Ombudsman System” that allow employees or any whistleblowers with relevant evidence to report any financial, legal, or ethical irregularities anonymously through either the Ombudsman or directly to the Audit Committee.
TSMC maintains additional internal reporting channels for our employees. To foster an open culture of ethics compliance, we encourage our employees and the third parties we do business with to report any suspected noncompliance with law or relevant TSMC policy.
TSMC treats any complaint and the investigation thereof in a confidential and sensitive manner, and strictly prohibits any form of retaliation against any individual who in good faith reports or helps with the investigation of any complaint. Due to the open reporting channels, TSMC receives reports on various issues from employees and external parties such as our customers and suppliers from time to time. Below is a summary of the Number of Reported Incidents.
Note 1: Among the 205 cases, 132 were related to employee relationship, 47 cases related to other matters (e.g. employee’s individual interest or private matters), and 26 cases related to ethical matters.
Note 2: One case involved an employee who requested a supplier to reserve a hotel and pay advance accommodation fees during his business trip, actions which violate TSMC policy, and the employee was disciplined. Another case involved an employee who abused his work relationship by requesting a supplier to make a personal loan to the employee, a severe violation of our Ethics Code, and the employee was terminated.
Note 3: After the investigation by TSMC’s Sexual Harassment Investigation Committee, four employees involved in confirmed cases of sexual harassment received severe discipline from the Company.
Table:
Year | FY 2016 | FY 2017 | FY 2018 | FY 2019
Total reported cases | 116 | 113 | 150 | 205 (Note 1)
Ethics-related cases | 16 | 20 | 14 | 26
Cases investigated and verified as ethics violations | 2 | 4 | 1 | 2 (Note 2)
Sexual Harassment Investigation Committees Formed | 5 | 7 | 3 | 4
Cases investigated and verified as violations | 5 | 3 | 3 | 4 (Note 3)


Question: What is the change in Cases investigated and verified as ethics violations between FY 2016 and FY 2017?
Answer: 2
Calculation: 4-2