hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
1. NATURE OF BUSINESS
Nordic American Tankers Limited (“NAT”) was formed on June 12, 1995 under the laws of the Islands of Bermuda. The Company’s shares trade under the symbol “NAT” on the New York Stock Exchange. The Company was formed for the purpose of acquiring and chartering out double-hull tankers.
The Company is an international tanker company that currently has a fleet of 23 Suezmax tankers. The Company has not disposed of or acquired new vessels in 2019. The 23 vessels the Company operated per December 31, 2019, average approximately 156,000 dwt each. In 2019, 2018 and 2017, the Company chartered out its operating vessels primarily in the spot market.
The Company’s Fleet
The Company’s current fleet consists of 23 Suezmax crude oil tankers of which the vast majority have been built in Korea.
Table:
Vessel | Built in | Deadweight Tons | Delivered to NAT in
Nordic Freedom | 2005 | 159,331 | 2005
Nordic Moon | 2002 | 160,305 | 2006
Nordic Apollo | 2003 | 159,998 | 2006
Nordic Cosmos | 2003 | 159,999 | 2006
Nordic Grace | 2002 | 149,921 | 2009
Nordic Mistral | 2002 | 164,236 | 2009
Nordic Passat | 2002 | 164,274 | 2010
Nordic Vega | 2010 | 163,940 | 2010
Nordic Breeze | 2011 | 158,597 | 2011
Nordic Zenith | 2011 | 158,645 | 2011
Nordic Sprinter | 2005 | 159,089 | 2014
Nordic Skier | 2005 | 159,089 | 2014
Nordic Light | 2010 | 158,475 | 2015
Nordic Cross | 2010 | 158,475 | 2015
Nordic Luna | 2004 | 150,037 | 2016
Nordic Castor | 2004 | 150,249 | 2016
Nordic Sirius | 2000 | 150,183 | 2016
Nordic Pollux | 2003 | 150,103 | 2016
Nordic Star | 2016 | 159,000 | 2016
Nordic Space | 2017 | 159,000 | 2017
Nordic Tellus | 2018 | 157,000 | 2018
Nordic Aquarius | 2018 | 157,000 | 2018
Nordic Cygnus | 2018 | 157,000 | 2018


Question: What is the average weight of the Nordic Apollo and Nordic Cosmos?
Answer: 159998.5
Calculation: (159,998 + 159,999)/2
9. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consists of the following (in thousands):
Depreciation and amortization expense related to property and equipment for fiscal years 2019, 2018 and 2017 was $29.7 million, $30.7 million and $27.3 million, respectively. Accumulated depreciation on capital lease assets for fiscal years 2019 and 2018 was $5.3 million and $3.2 million, respectively.
See Note 17 - Impairments and Note 15 - Restructurings for information related to property and equipment impaired during fiscal year 2019.
Table:
 | September 27,  | September 28, 
 | 2019 | 2018
Construction in process | 24,848 | 49,661
Machinery and equipment | 175,696 | 174,638
Leasehold improvements | 12,962 | 14,984
Furniture and fixtures | 3,716 | 2,306
Capital lease assets | 46,496 | 19,380
Computer equipment and software | 18,116 | 17,317
           Total property and equipment | 281,834 | 278,286
Less accumulated depreciation and amortization | (149,187) | (128,363)
Property and equipment — net | $132,647 | $149,923


Question: What was the depreciation and amortization expense related to property and equipment for 2019?
Answer: $29.7 million
If not presented separately in our income statement, restructuring expenses would have been classified in the different expense items in our income statement as follows:
Restructuring Expenses by Functional Area
Table:
€ millions | 2019 | 2018 | 2017
Cost of cloud and software | –138 | –3 | –55
Cost of services | –154 | –3 | –118
Research and development | –467 | –3 | –9
Sales and marketing | –299 | –11 | –2
General and administration | –71 | 0 | 2
Restructuring expenses | –1,130 | –19 | –182


Question: In which year was Cost of services largest?
Answer: 2019
Calculation: |-154|>|-118|>|-3|
2019 vs 2018
Net revenue in Connected Home segment decreased for the year ended December 31, 2019 compared to the prior year. Net revenue from service provider customers fell $27.8 million compared with the prior year. In addition, the North American home WiFi market contracted in fiscal 2019 affecting net revenue from non-service provider customers. The lower revenue was primarily due to declined net revenue of our home wireless, mobile and broadband modem and gateway products. Within home wireless, we experienced declines in net revenue from AC router products, WiFi mesh systems and extenders, partially offset by net revenue generated from the introduction of WiFi 6 routers. On a geographic basis, we experience net revenue declines across all three regions.
Contribution income decreased for the year ended December 31, 2019 compared to the prior year, primarily due to lower net revenue and lower gross margin attainment. Contribution margin decreased for the year ended December 31, 2019 compare to the prior year primarily due to higher product acquisition costs resulting from the burden of Section 301 tariffs and inefficiencies associated with commencing manufacturing in new locations, increased channel promotion activities and foreign exchange headwinds due to the strengthening of the U.S. dollar.
2018 vs 2017
2018 vs 2017 Connected Home segment net revenue increased for the year ended December 31, 2018 compared to the prior year. The increase in Connected Home net revenue was primarily due to home wireless and broadband modem and modem gateway products, partially offset by decreased net revenue from mobile products. The growth in home wireless was experienced across both service provider and non-service provider channels, while the increase in broadband and gateway related solely to non-service provider customers. In total, net revenue from service provider customers fell $33.5 million compared to the prior year period. Geographically, net revenue increased in Americas and EMEA, but decreased in APAC.
Contribution income increased for the year ended December 31, 2018 compared to the prior year, primarily due to higher net revenue and gross margin attainment, mainly due to favorable product mix and lower warranty expense, partially offset by higher operating expenses as a proportion of net revenue.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | % Change | 2018 | % Change | 2017
 |  |  | (in thousands, except percentage data) |  | 
Net revenue | $711,391 | (7.7)% | $771,060 | 0.4% | $768,261
Percentage of net revenue | 71.2% |  | 72.8% |  | 73.9%
Contribution income | $67,775 | (29.7)% | $96,340 | 14.9% | $83,870
Contribution margin | 9.5% |  | 12.5% |  | 10.9%


Question: How much did the net revenue from service provider customers decrease from 2018 to 2019?
Answer: $27.8 million
The fair value of our foreign exchange forward contracts is presented on a gross basis in our Condensed Consolidated Balance Sheets. To mitigate losses in the event of nonperformance by counterparties, we have entered into master netting arrangements with our counterparties that allow us to settle payments on a net basis. The effect of netting on our derivative assets and liabilities was not material as of March 29, 2019 and March 30, 2018.
The notional amount of our outstanding foreign exchange forward contracts in U.S. dollar equivalent was as follows:
Table:
(In millions) | March 29, 2019 | March 30, 2018
Net investment hedges |  | 
Foreign exchange forward contracts sold | $116 | $—
Balance sheet contracts |  | 
Foreign exchange forward contracts purchased | $963 | $697
Foreign exchange forward contracts sold | $122 | $151


Question: How is the fair value of foreign exchange forward contracts presented?
Answer: on a gross basis in our Condensed Consolidated Balance Sheets
Inventory
Inventory is stated at the lower of cost and net realizable value, using the first-in, first-out (“FIFO”) valuation method. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Any adjustments to reduce the cost of inventories to their net realizable value are recognized in earnings in the current period.
Due to the low sell-through of our AirBar products, management has decided to fully reserve work-in-process for AirBar components, as well as AirBar related raw materials. Management has further decided to reserve for a portion of AirBar finished goods, depending on type of AirBar and in which location it is stored. The AirBar inventory reserve was $0.8 million and $1.0 million for the years ended December 31, 2019 and 2018, respectively.
In order to protect our manufacturing partners from losses in relation to AirBar production, we agreed to secure the value of the inventory with a bank guarantee. Since the sale of AirBars has been lower than expected, a major part of the inventory at the partner remained unused when the due date of the bank guarantee neared and Neonode therefore agreed that the partner should keep inventory for the production of 20,000 AirBars and the rest be purchased by us. The inventory value of these purchases has been fully reserved.
As of December 31, 2019, the Company’s inventory consists primarily of components that will be used in the manufacturing of our sensor modules. We segregate inventory for reporting purposes by raw materials, work-in-process, and finished goods.
Raw materials, work-in-process, and finished goods are as follows (in thousands):
Table:
 | December 31, | December 31,
 | 2019 | 2018
Raw materials | $396 | $246
Work-in-process | 186 | 220
Finished goods | 448 | 753
Ending inventory | $1,030 | $1,219


Question: What did the company do to protect its manufacturing partners from losses concerning AirBar production?
Answer: agreed to secure the value of the inventory with a bank guarantee
Principal Accountant Fees and Services
We regularly review the services and fees from our independent registered public accounting firm, KPMG. These services and fees are also reviewed with the Audit Committee annually. In accordance with standard policy, KPMG periodically rotates the individuals who are responsible for our audit. Our Audit Committee has determined that the providing of certain non-audit services, as described below, is compatible with maintaining the independence of KPMG.
In addition to performing the audit of our consolidated financial statements, KPMG provided various other services during fiscal years 2019 and 2018. Our Audit Committee has determined that KPMG’s provisioning of these services, which are described below, does not impair KPMG’s independence from NortonLifeLock. The aggregate fees billed for fiscal years 2019 and 2018 for each of the following categories of services are as follows:
The categories in the above table have the definitions assigned under Item 9 of Schedule 14A promulgated under the Exchange Act, and these categories include in particular the following components:
(1) ‘‘Audit fees’’ include fees for audit services principally related to the year-end examination and the quarterly reviews of our consolidated financial statements, consultation on matters that arise during a review or audit, review of SEC filings, audit services performed in connection with our acquisitions and divestitures and statutory audit fees.
(2) ‘‘Audit related fees’’ include fees which are for assurance and related services other than those included in Audit fees.
(3) ‘‘Tax fees’’ include fees for tax compliance and advice.
(4) ‘‘All other fees’’ include fees for all other non-audit services, principally for services in relation to certain information technology audits.
An accounting firm other than KPMG performs supplemental internal audit services for NortonLifeLock. Another accounting firm provides the majority of NortonLifeLock’s outside tax services..
Table:
Fees Billed to NortonLifeLock | FY19 | FY18
Audit fees(1) | $12,464,329 | $11,370,525
Audit related fees(2) | 1,142,383 | 753,689
Tax fees(3) | 161,685 | 469,449
All other fees(4) | 0 | 311,000
Total fees | $13,768,398 | $12,904,663


Question: What does Tax fees include?
Answer: fees for tax compliance and advice
At the end of each reporting period, the Company evaluates all available information at that time to determine if it is more likely than not that some or all of these credits will be utilized. As of October 31, 2019, 2018, and 2017, the Company determined that a total of $1.8 million, $0.7 million, and $0.6 million, respectively, would be recovered. Accordingly, those amounts were released from the valuation allowance and benefited deferred tax expense in the respective periods.
The differences between the consolidated effective income tax rate and the federal statutory rate effective during the applicable year presented are as follows:
Table:
 |  | Years Ended October 31, | 
 | 2019 | 2018 | 2017
 |  | (In thousands)  | 
Income taxes at statutory rate | $13,408 | $ 7,132 | $148,585
Discrete benefit resulting from TCJA  | — | (37,505) | —
State income taxes | 1,189 | 1,014 | 9,038
State income tax credits  | (2,139) | (804) | (606)
Expiration of state income tax credits  | 4,121 | 4,117 | 642
Federal income tax credits  | (474) | (460) | (390)
Federal manufacturers deduction  | — | — | (11,527)
Excess tax benefits  | (1,388) | (1,638) | (3,345)
Nondeductible expenses | 1,786 | 1,890 | 3,506
Change in valuation allowance  | (5,380) | (5,297) | (1,106)
Other  | (570) | 677 | (12)
Income tax expense (benefit)  | $10,553 | $(30,874) | $144,785


Question: How much credits would be recovered for 2019, 2018 and 2017 respectively?
Answer: $1.8 million, $0.7 million, and $0.6 million
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
7. Leases (Continued)
On February 24, 2016, GasLog’s subsidiary, GAS-twenty six Ltd., completed the sale and leaseback of the Methane Julia Louise with a subsidiary of Mitsui. Mitsui has the right to on-sell and lease back the vessel. The vessel was sold to Mitsui for a cash consideration of $217,000. GasLog leased back the vessel under a bareboat charter from Mitsui for a period of up to 20 years. GasLog has the option to repurchase the vessel on pre-agreed terms no earlier than the end of year ten and no later than the end of year 17 of the bareboat charter. The bareboat hire is fixed and GasLog had a holiday period for the first 210 days, which expired on September 21, 2016. This leaseback meets the definition of a finance lease under IAS 17 Leases.
The movements in right-of use assets are reported in the following table:
*The balance as of December 31, 2018 represented the vessel held under finance lease and was included in the financial statement line ‘‘Vessel held under finance lease’’, which was renamed to ‘‘Right-of-use assets’’ as of January 1, 2019.
Table:
Right-of-Use Assets | Vessel | Vessel Equipment | Properties | Other | Total
As of January 1, 2019 | 206,753(*) | 2,630 | 4,969 | 19 | 214,371
Additions | 1,001 | 336 | 1,080 | 47 | 2,464
Depreciation expense | (7,722) | (1,109) | (1,499) | (10) | (10,340)
As of December 31, 2019 | 200,032 | 1,857 | 4,550 | 56 | 206,495


Question: What was the percentage change in total right-of use assets  from start to end 2019?
Answer: -3.67
Calculation: (206,495 - 214,371)/214,371
Consolidated Statements of Earnings and Comprehensive Earnings
A detail of related party items included in Operating expenses (net of expense reimbursements) is as follows (in millions):
(1) Transactions with FNF are summarized through November 30, 2019, the date after which FNF is no longer considered a related party.
Table:
 |  | Year ended December 31, | 
 | 2019(1) | 2018 | 2017
Data entry, indexing services and other operating expenses | $8.8 | $8.2 | $5.1
Corporate services | 3.8 | 4.9 | 9.2
Technology and corporate services | (0.1) | (1.0) | (1.7)
Total related party expenses, net | $12.5 | $12.1 | $12.6


Question: What was the percentage change in Technology and corporate services between 2017 and 2018?
Answer: -41.18
Calculation: (-1.0-(-1.7))/-1.7
Cubic Global Defense
Sales: CGD sales decreased 10% to $325.2 million in 2018 compared to $360.2 million in 2017. The year-over-year comparative sales and operating income were significantly impacted by an $8.0 million gain recognized on an equitable contract adjustment in fiscal 2017 for our littoral combat ship virtual training contract with the U.S. Navy. Sales were lower in fiscal 2018 on virtual training sales, air combat training system sales, and ground combat training system sales, while sales of international training support services increased between fiscal 2017 and 2018. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar had no significant impact on CGD sales between 2017 and 2018.
Amortization of Purchased Intangibles: Amortization of purchased intangibles included in the CGD results amounted to $1.1 million in 2018 and $0.9 million in 2017.
Operating Income: CGD had operating income of $16.6 million in 2018 compared to $28.1 million in 2017. The decrease in operating income was primarily caused by the gain of $8.0 million recognized in fiscal 2017 due to the approval of a contract adjustment with the U.S. Navy described above. In fiscal 2018 an arbitrator awarded $1.7 million to a former reseller of our air combat training systems in the Far East, which was recorded as SG&A expense by CGD in 2018. In addition, CGD’s R&D expenditures increased approximately $1.8 million year-over-year. The increase in R&D expenditures is indicative of the acceleration of our development of next generation live, virtual, constructive, and game-based training systems. These decreases in operating income in fiscal 2018 were partially offset by increased operating income from ground combat training systems, which was higher primarily due to improvements in expected total costs for the development of two ground combat training system contracts in the Far East. The average exchange rates between the prevailing currency in our foreign operations and the U.S. dollar had no significant impact on CGD operating income between 2017 and 2018.
Adjusted EBITDA: CGD Adjusted EBITDA was $26.3 million in 2018 compared to $39.4 million in 2017. The decrease in Adjusted EBITDA was primarily driven by the same factors that drove the decrease in operating income described above excluding the increase in amortization which is excluded from Adjusted EBITDA.
Table:
 | Fiscal 2018 | Fiscal 2017 | % Change
 |  | (in millions) | 
Sales | $  325.2 | $  360.2 | (10)%
Operating income | 16.6 | 28.1 | (41)
Adjusted EBITDA | 26.3 | 39.4 | (33)


Question: What is the average adjusted EBITDA in 2017 and 2018?
Answer: 32.85
Calculation: (26.3+39.4)/2
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 .

Table:
company/index | january 3 2009 | january 2 2010 | january 1 2011 | december 31 2011 | december 29 2012 | december 28 2013
advance auto parts | $ 100.00 | $ 119.28 | $ 195.80 | $ 206.86 | $ 213.14 | $ 327.63
s&p 500 index | 100.00 | 119.67 | 134.97 | 134.96 | 150.51 | 197.62
s&p retail index | 100.00 | 141.28 | 174.70 | 179.79 | 219.77 | 321.02
.

Question: what is the total return for every dollar invested in s&p500 index in january 2009 and sold in january 2011?
Answer: 0.35
Calculation: subtract(134.97, const_100), divide(#0, const_100), multiply(#1, const_1)
Revenue from external customers, classified by significant product and service offerings, was as follows:
Our commercial cloud revenue, which includes Office 365 Commercial, Azure, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties, was $38.1 billion, $26.6 billion and $16.2 billion in fiscal years 2019, 2018, and 2017, respectively. These amounts are primarily included in Office products and cloud services, Server products and cloud services, and LinkedIn in the table above.
Table:
 |  | (In millions) | 
Year Ended June 30, | 2019 | 2018 | 2017
Server products and cloud services | $ 32,622 | $ 26,129 | $ 21,649
Office products and cloud services | 31,769 | 28,316 | 25,573
Windows | 20,395 | 19,518 | 18,593
Gaming | 11,386 | 10,353 | 9,051
Search advertising | 7,628 | 7,012 | 6,219
LinkedIn | 6,754 | 5,259 | 2,271
Enterprise Services | 6,124 | 5,846 | 5,542
Devices | 6,095 | 5,134 | 5,062
Other | 3,070 | 2,793 | 2,611
Total | $  125,843 | $  110,360 | $   96,571


Question: How much revenue did the commercial cloud area generate in 2017?
Answer: $16.2 billion
Remaining Performance Obligation Associated with Non-Lease Arrangements
A majority of the Company’s revenue is provided over a contract term. When allocating the total contract transaction price to identified performance obligations, a portion of the total transaction price relates to performance obligations that are yet to be satisfied or are partially satisfied as of the end of the reporting period.
In determining the transaction price allocated to remaining performance obligations, the Company does not include non- recurring charges and estimates for usage.
Remaining performance obligations associated with the Company’s contracts reflect recurring charges billed, adjusted to reflect estimates for sales incentives and revenue adjustments.
The table below reflects an estimate of the remaining transaction price of fixed fee, non-lease revenue arrangements to be recognized in the future periods presented. The table below does not include estimated amounts to be recognized in future periods associated with variable usage-based consideration.
Table:
 | Year Ended June 30, |  |  |  |  |  | 
 | 2020 | 2021 | 2022 | 2023 | 2024 | Thereafter | Total
 | (in millions) |  |  |  |  |  | 
Reportable Segment |  |  |  |  |  |  | 
Zayo Networks | 621.4 | 295.9 | 117.4 | 36.7 | 14.1 | 17.5 | 1,103.0
zColo | 21.7 | 11.0 | 6.2 | 3.5 | 2.5 | 2.0 | 46.9
Allstream | 110.3 | 26.7 | 11.8 | 1.6 | 0.3 | — | 150.7
Total | $753.4 | $333.6 | $135.4 | $41.8 | $16.9 | $19.5 | $1,300.6


Question: What does the company not include when determining the transaction price allocated to remaining performance obligations?
Answer: the Company does not include non- recurring charges and estimates for usage
1.10 Percentage change in remuneration of the Group Chief Executive
The following table provides a summary of the 2019 increase in base salary, benefits and bonus for the Group Chief Executive compared to the average increase for the general UK employee population across the Group in the same period.
* 2018 percentage restated to include all UK bonuses for the general UK employee population across the Group.
Table:
 |  | 2019 change | 2018 change
Salary | Group Chief Executive | 7.7% | 2.7%
 | General employee population | 2.9% | 2.7%
Benefits | Group Chief Executive | 5.2% | 3.2%
 | General employee population | 2.9% | 2.7%
Bonus | Group Chief Executive | 15.5% | -4.9%
 | General employee population* | 22.2% | 1.6%


Question: What was the absolute change in the change in salary for the group chief executive in 2019 from 2018? 
Answer: 5
Calculation: 7.7%-2.7%