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)
Note 18. Quarterly Consolidated Results of Operations Data (Unaudited)
The following table sets forth our quarterly consolidated results of operations data for each of the eight quarters in the period ended December 31, 2019. GS Holdings is our predecessor for accounting purposes and, accordingly, amounts prior to the Reorganization Transactions and IPO represent the historical consolidated operations of GS Holdings and its subsidiaries. The amounts during the period from May 24, 2018 through December 31, 2018 represent those of consolidated GreenSky, Inc. and its subsidiaries. Basic and diluted earnings per share of Class A common stock is applicable only for the period from May 24, 2018 through December 31, 2018, which is the period following the Reorganization Transactions and IPO. Prior to the Reorganization Transactions and IPO, GreenSky, Inc. did not engage in any business or other activities except in connection with its formation and initial capitalization. See Note 1 for further information on our organization and see Note 2 for further information on our earnings per share.
(1) Year-to-date results may not agree to the sum of individual quarterly results due to rounding.
Table:
 |  |  | Year Ended December 31, 2019 |  | 
 | First
Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total
Total revenue | $103,700 | $138,695 | $153,415 | $133,836 | $529,646
Cost of revenue (exclusive of depreciation and
amortization) | 58,037 | 56,228 | 64,957 | 69,358 | 248,580
Total costs and expenses | 92,212 | 92,189 | 101,017 | 123,275 | 408,693
Operating profit | 11,488 | 46,506 | 52,398 | 10,561 | 120,953
Total other income (expense), net | (4,682) | (11,779) | (6,790) | (8,854) | (32,105)
Income before income tax expense (benefit) | 6,806 | 34,727 | 45,608 | 1,707 | 88,848
Net income | 7,401 | 39,193 | 44,075 | 5,304 | 95,973
Less: Net income attributable to noncontrolling
interests | 4,502 | 26,877 | 29,349 | 3,265 | 63,993
Net income attributable to GreenSky, Inc. | 2,899 | 12,316 | 14,726 | 2,039 | 31,980
Earnings per share of Class A common stock: |  |  |  |  | 
Basic | $0.05 | $0.20 | $0.24 | $0.03 | $0.52
Diluted(1) | $0.05 | $0.19 | $0.23 | $0.03 | $0.49


Question: What was the total revenue for 2019?
Answer: 529,646
The following changes occurred in the amount of unrecognized tax benefits (in thousands):
For the year ended December 31, 2019, 2018 and 2017, the Company has recorded income tax expense of $128,000, $143,000 and $76,000, respectively, related to uncertain tax positions. The Company’s policy is to recognize potential interest and penalties related to unrecognized tax benefits associated with uncertain tax positions, if any, in the income tax provision. At December 31, 2019, 2018 and 2017, the Company had accrued $22,000, $15,000 and $11,000 in interest and penalties related to uncertain tax positions.
The Company is subject to taxation in the United States and various states along with other foreign countries. The Company has not been notified that it is under audit by the IRS or any state or foreign taxing authorities, however, due to the presence of NOL carryforwards, all of the income tax years remain open for examination in each of these jurisdictions. The Company does not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease in the next 12 months.
Deferred income taxes have not been provided for undistributed earnings of the Company’s consolidated foreign subsidiaries because of the Company’s intent to reinvest such earnings indefinitely in active foreign operations. At December 31, 2019, the Company had $0.6 million in unremitted earnings that were permanently reinvested related to its consolidated foreign subsidiaries.
Table:
 |  | Year Ended December 31 | 
 | 2019 | 2018 | 2017
Beginning balance of unrecognized tax benefits | $469 | $326 | $250
Additions for current year tax positions | 106 | 142 | 65
Reductions for prior year tax positions | — | (14) | —
Ending balance (excluding interest and penalties) | 575 | 454 | 315
Interest and penalties | 22 | 15 | 11
Total | $597 | $469 | $326


Question: What was the accrued interest and penalties in 2019, 2018 and 2017 respectively?
Answer: $22,000, $15,000, $11,000
1. Sales revenues
Commencing with financial year 2018/19, METRO has been applying IFRS 15 (Revenue from Contracts with Customers). The sales revenues reported for the current financial year relate exclusively to revenues from contracts with customers.
Sales revenues are allocated to the following categories:
Table:
€ million | 2017/2018 | 2018/2019
Store-based and other business | 22,585 | 22,487
METRO Germany | 4,128 | 4,075
METRO Western Europe (excl. Germany) | 8,904 | 8,885
METRO Russia | 2,550 | 2,406
METRO Eastern Europe (excl. Russia) | 5,893 | 5,986
METRO Asia | 1,074 | 1,097
Others | 35 | 38
Delivery sales | 4,207 | 4,595
METRO Germany | 633 | 660
METRO Western Europe (excl. Germany) | 1,704 | 1,867
METRO Russia | 265 | 257
METRO Eastern Europe (excl. Russia) | 1,059 | 1,205
METRO Asia | 538 | 599
Others | 7 | 7
Total sales | 26,792 | 27,082
METRO Germany | 4,761 | 4,735
METRO Western Europe (excl. Germany) | 10,609 | 10,752
METRO Russia | 2,815 | 2,662
METRO Eastern Europe (excl. Russia) | 6,952 | 7,191
METRO Asia | 1,612 | 1,696
Others | 43 | 46


Question: What was the percentage change in Delivery sales in 2018/2019 from 2017/2018?
Answer: 9.22
Calculation: (4,595-4,207)/4,207
ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data).
Information about prior period acquisitions that may affect the comparability of the selected financial information presented below is included in Item 1. Business. Information about the $28.0 million expense recorded in general and administrative expense in 2018, which relates to the agreement reached to settle the legal matter alleging violations of the Telephone Consumer Protection Act, or TCPA, and may affect the comparability of the selected financial information presented below, is disclosed in Item 3. “Legal Proceedings.” Information about the $1.7 million of interest recorded within interest income and the $6.9 million of gain recorded within other income, net, in 2019, which relates to promissory note proceeds received from one of our hardware suppliers and proceeds from an acquired promissory note, and may affect the comparability of the selected financial information presented below, is disclosed in Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations."
Certain previously reported amounts in the consolidated statements of operations for the years ended December 31, 2018, 2017, 2016 and 2015 have been reclassified to conform to our current presentation to reflect interest income as a separate line item, which was previously included in other income, net.
Table:
 |  |  | As of December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Balance sheet and other data: |  |  |  |  | 
Cash and cash equivalents | $119,629 | $146,061 | $96,329 | $140,634 | $128,358
Working capital | 167,879 | 152,793 | 119,433 | 150,485 | 131,971
Total assets | 557,799 | 440,985 | 371,641 | 261,245 | 226,095
Total long-term obligations | 115,143 | 88,126 | 94,311 | 30,297 | 26,885
Total stockholders' equity | 355,651 | 277,589 | 232,827 | 191,249 | 170,131


Question: What was the change in working capital between 2015 and 2016?
Answer: 18514
Calculation: 150,485-131,971
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 difference in the Discount based on incremental borrowing rate between Charter-in vessels in operation and Land Leases? 
Answer: 44674
Calculation: 62,796-18,122
(1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN. (2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy. For further details, please consult the "Accounting policies" section. (3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
REVENUE Fiscal 2019 fourth-quarter revenue increased by 7.0% (6.0% in constant currency). In local currency, revenue amounted to US$199.5 million compared to US$188.1 million for the same period of fiscal 2018. The increase resulted mainly from: • rate increases; • activation of bulk properties in Florida during the fourth quarter of fiscal 2019; • continued growth in Internet service customers; and • the FiberLight acquisition completed in the first quarter of fiscal 2019; partly offset by • a decrease in video service customers.
OPERATING EXPENSES Fiscal 2019 fourth-quarter operating expenses increased by 8.6% (7.6% in constant currency) mainly as a result of: • programming rate increases; • the FiberLight acquisition completed in the first quarter of fiscal 2019; • higher compensation expenses due to higher headcount to support growth; and • higher marketing initiatives to drive primary service units growth.
ADJUSTED EBITDA Fiscal 2019 fourth-quarter adjusted EBITDA increased by 5.1% (4.1% in constant currency). In local currency, adjusted EBITDA amounted to US$87.4 million compared to US$83.9 million for the same period of fiscal 2018. The increase was mainly due to organic growth combined with the impact of the FiberLight acquisition.
ACQUISITIONS OF PROPERTY, PLANT AND EQUIPMENT Fiscal 2019 fourth-quarter acquisitions of property, plant and equipment decreased by 9.5% (10.5% in constant currency) mainly due to: • lower purchases of customer premise equipment due to the timing of certain initiatives; and • lower capital expenditures due to the timing of certain initiatives; partly offset by • additional capital expenditures related to the expansion in Florida.
Table:
Three months ended August 31, | 2019(1) | 2018(2) | Change | Change in constant currency(3) | Foreign exchange impact(3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Revenue | 263,738 | 246,443 | 7.0 | 6.0 | 2,427
Operating expenses | 148,215 | 136,506 | 8.6 | 7.6 | 1,370
Adjusted EBITDA | 115,523 | 109,937 | 5.1 | 4.1 | 1,057
Adjusted EBITDA margin | 43.8% | 44.6% |  |  | 
Acquisitions of property, plant and equipment | 65,967 | 72,914 | (9.5) | (10.5) | 704
Capital intensity | 25.0% | 29.6% |  |  | 


Question: What was the increase / (decrease) in revenue from 2018 to 2019?
Answer: 17295
Calculation: 263,738 - 246,443
At December 31, 2019, the Company’s net operating losses and credit carryforwards are:
(1) Excludes federal and state net operating losses of $60.2 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized
(2) Excludes federal and state tax credits of $0.1 million and $8.3 million, respectively, that the Company expects will expire unutilized
Carryforward losses and credits expire between 2020 and 2038, except for the 2019 federal net operating loss of $43.9 million and $1 million of state credits, which both have unlimited carryforward periods.
The Company’s India subsidiary is primarily located in Special Economic Zones (“SEZs”) and is entitled to a tax holiday in India. The tax holiday reduces or eliminates income tax in India. The tax holiday in the Hyderabad SEZ is scheduled to expire in 2024. The tax holiday in the Bangalore SEZ is scheduled to expire in 2022. For 2019, 2018 and 2017, the income tax holiday reduced the Company’s provision for income taxes by $1.9 million, $1.3 million, and $1 million, respectively.
Table:
(in thousands) | Federal | State
Net operating losses (1) | $120,722 | $3,337
Net operating losses due to acquisitions (1) | $76,827 | $778
Credit carryforwards (2) | $8,202 | $1,958
Credit carryforwards due to acquisitions | $640 | $227


Question: What is the total federal and state credit carryforwards?
Answer: 10160
Calculation: 1,958 + 8,202
Restricted Stock Unit Award Plans
We have two Restricted Stock Unit Award Plans for our employees and non-employee directors, a 2017 Restricted Stock Unit Award Plan (the “2017 RSU Plan”) and a 2014 Restricted Stock Unit Award Plan (the “2014 RSU Plan”). Vesting of an RSU entitles the holder to receive a share of our common stock on a distribution date. Our non-employee director awards allow for non-employee directors to receive payment in cash, instead of stock, for up to 40% of each RSU award. The portion of the RSU awards subject to cash settlement are recorded as a liability in the Company’s consolidated balance sheet as they vest and being marked-to-market each reporting period until they are distributed. The liability was $29 thousand and $11 thousand at December 31, 2019 and 2018, respectively.
The compensation cost to be incurred on a granted RSU without a cash settlement option is the RSU’s fair value, which is the market price of our common stock on the date of grant, less its exercise cost. The compensation cost is amortized to expense and recorded to additional paid-in capital over the vesting period of the RSU award.
A summary of the grants under the RSU Plans as of December 31, 2019 and 2018, and for the year then ended consisted of the following (in thousands):
Table:
 |  | Year Ended | December 31, | 
 | 2019 |  | 2018 | 
 | Number of | Number of | Number of | Number of
 | RSUs | Vested RSUs | RSUs | Vested RSUs
Outstanding, Jan. 1 | 951 | 459 | 462 | 262
Granted | 333 | - | 759 | -
Distributed | (267) | (267) | (262) | (262)
Vested | - | 825 | - | 459
Forfeited | - | - | (8) | -
Outstanding, Dec. 31 | 1,017 | 1,017 | 951 | 459


Question: What is the percentage increase in number of RSUs from 2018 to 2019?
Answer: 6.94
Calculation: (1,017 - 951) / 951
Gross Profit
Gross profit increased $269.4 million, or 45.2%, for the year ended December 31, 2019 compared to the same period in 2018. As a percentage of total revenues, gross profit decreased from 55.6% in the year ended December 31, 2018 to 54.9% in the year ended December 31, 2019, due to Shopify Payments representing a larger percentage of total revenue and an increase in amortization of technology related to the 6RS acquisition as well as other platform enhancements. This was partly offset by lower third-party infrastructure and hosting costs and employee-related costs as a percentage of revenues as well as the relative growth of higher-margin merchant solutions products, namely Shopify Capital and referral fees from partners.
Gross profit increased $216.0 million, or 56.8%, for the year ended December 31, 2018 compared to the same period in 2017. As a percentage of total revenues, gross profit decreased from 56.5% in the year ended December 31, 2017 to 55.6% in the year ended December 31, 2018, due to Shopify Payments representing a larger percentage of total revenue, increasing the functionality and flexibility of our hosting infrastructure, and higher product costs associated with expanding our product offerings. This was partly offset by the relative growth of higher-margin merchant solutions products, namely referral fees from partners, Shopify Capital, and Shopify Shipping.
Table:
 | Years ended December 31 |  |  | 2019 vs 2018 | 2018 vs 2017
 | 2019 | 2018 | 2017 | % Change | % Change
 | (in thousands, except percentages) |  |  |  | 
Gross profit | $ 865,643 | $ 596,267 | $ 380,253 | 45.2 % | 56.8 %
Percentage of total revenues | 54.9 % | 55.6 % | 56.5 % |  | 


Question: What is the average gross profit for 2018 and 2019?
Answer: 730955
Calculation: (865,643+596,267)/2
table of contents other areas in which we do business . depending on the scope of such regulation , certain of our facilities and operations , or the operations of our suppliers , may be subject to additional operating and other permit requirements , potentially resulting in increased operating costs . future regulatory developments future regulatory developments and actions could affect operations and increase operating costs for the airline industry , including our airline subsidiaries . see part i , item 1a . risk factors 2013 201cif we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and , at some airports , adequate slots , we may be unable to operate our existing flight schedule and to expand or change our route network in the future , which may have a material adverse impact on our operations , 201d 201cour business is subject to extensive government regulation , which may result in increases in our costs , disruptions to our operations , limits on our operating flexibility , reductions in the demand for air travel , and competitive disadvantages 201d and 201cwe are subject to many forms of environmental regulation and may incur substantial costs as a result 201d for additional information . employees and labor relations the airline business is labor intensive . in 2015 , salaries , wages and benefits were our largest expenses and represented approximately 31% ( 31 % ) of our operating expenses . the table below presents our approximate number of active full-time equivalent employees as of december 31 , 2015 . mainline operations wholly-owned regional carriers total .

Table:
 | mainline operations | wholly-owned regional carriers | total
pilots and flight crew training instructors | 13100 | 3200 | 16300
flight attendants | 24100 | 1900 | 26000
maintenance personnel | 14400 | 1800 | 16200
fleet service personnel | 16100 | 3200 | 19300
passenger service personnel | 16500 | 7100 | 23600
administrative and other | 14700 | 2400 | 17100
total | 98900 | 19600 | 118500
.

Question: what is the ratio of passenger service personnel to the flight attendants
Answer: 0.91
Calculation: divide(23600, 26000)
Expected realisation of remaining performance obligations at year end
The Company applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.
For contracts that exceed one year, deferred income that relates to unsatisfied or partially satisfied performance obligations at year end is expected to be recognised as revenue in the future as follows:
The above information represents the revenue the Company will recognise when it satisfies the remaining performance obligations in the contracts. The amounts presented do not include orders for which neither party has performed.
Revenue from the sale of hardware and software generally arises from contracts less than one year in length. Consequently, the above amounts predominantly relate to the sale of maintenance and support services.
Virtually all of the revenue will be recognised within three years.
The Company provides standard warranties on its products and services. The nature of these warranties is considered to provide customers with assurance that the related product or service will function as intended in accordance with the agreed specification, and does not contain or imply any additional service obligation to the customer. Warranty obligations are estimated and recognised as liabilities based on the probable outflow of resources.
Table:
 | 2019 | 2018
 | £ million | £ million
Within one year | 1.0 | 1.2
Greater than one year | 0.8 | 0.9
 | 1.8 | 2.1


Question: What generally arises from contracts less than one year in length?
Answer: Revenue from the sale of hardware and software
Profit or loss for the period after taxes
The current result of METRO China was reclassified in the consolidated income statement under the item ‘profit or loss for the period from discontinued operations after taxes’, taking into account necessary consolidation measures. To increase the economic meaningfulness of the earnings statement of the continuing sector, its shares in the consolidation effects were also included in the discontinued section of the earnings statement as far as they were related to business relations that are to be upheld in the long term even after the planned disposal. The previous year’s figures of the income statement were adjusted accordingly.
Profit or loss for the period from discontinued operations after taxes is attributable to the shareholders of METRO AG in the amount of €118 million (2017/18: €87 million). Noncontrolling interests account for €5 million of earnings (2017/18: €1 million).
In connection with the divestment process, expenses in the low 2-digit million euros range have been incurred to date.
As a result, profit or loss for the period from discontinued operations after taxes is made up as follows for METRO China:
Table:
€ million | 2017/2018 | 2018/2019
Sales | 2,680 | 2,901
Expenses | −2,563 | −2,736
Current earnings from discontinued operations before taxes | 117 | 165
Income taxes on gains/losses on the current result | −29 | −43
Current earnings from discontinued operations after taxes | 88 | 122
Gains/losses from the remeasurement or disposal of discontinued operations before taxes | 0 | 0
Gains/losses from the remeasurement or disposal of discontinued operations after taxes | 0 | 0
Profit or loss for the period from discontinued operations after taxes | 88 | 122


Question: What was done to increase the economic meaningfulness of the earnings statement of the continuing sector?
Answer: its shares in the consolidation effects were also included in the discontinued section of the earnings statement as far as they were related to business relations that are to be upheld in the long term even after the planned disposal.