hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Contract assets and deferred revenue
(1) Included in other current assets. (2) Included in other long-term assets. (3) Included in other long-term liabilities.
Contract assets are client committed amounts for which revenue recognized exceeds the amount billed to the client and the right to payment is subject to conditions other than the passage of time, such as the completion of a related performance obligation. Deferred revenue consists of billings and payments received in advance of revenue recognition. Contract assets and deferred revenue are netted at the contract level for each reporting period.
The change in deferred revenue in the year ended December 31, 2019 was primarily due to new billings in advance of revenue recognition, partially offset by revenue recognized during the period that was included in deferred revenue at December 31, 2018.
Table:
(in thousands) | December 31, 2019 | December 31, 2018
Contract assets (1) | $5,558 | $3,711
Long-term contract assets (2) | 5,420 | 2,543
 | $10,978 | $6,254
Deferred revenue | $190,080 | $185,145
Long-term deferred revenue (3) | 5,407 | 5,344
 | $195,487 | $190,489


Question: What are long-term deferred revenue respectively classified under?
Answer: other long-term liabilities
Discontinued Operations
In December 2015, we completed the wind down of engineering, manufacturing and sales of our solar inverter product line (the "inverter business"). Accordingly, the results of our inverter business have been reflected as “Income (loss) from discontinued operations, net of income taxes” on our Consolidated Statements of Operations for all periods presented herein.
The effect of our sales of extended inverter warranties to our customers continues to be reflected in deferred revenue in our Consolidated Balance Sheets. Deferred revenue for extended inverter warranties and the associated costs of warranty service will be reflected in Sales and Cost of goods sold, respectively, from continuing operations in future periods in our Consolidated Statement of Operations, as the deferred revenue, is earned and the associated services are rendered. Extended warranties related to the inverter product line are no longer offered.
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
Assets and Liabilities of discontinued operations within the Consolidated Balance Sheets are comprised of the following:
Table:
 | December 31, | 
 | 2019 | 2018
Cash and cash equivalents | $  — | $ 5,251
Accounts and other receivables, net | — | 406
Inventories | 30 | 198
Current assets of discontinued operations | 30 | 5,855
Other assets | — | 67
Deferred income tax assets | 269 | 5,917
Non-current assets of discontinued operations | 269 | 5,984
Accounts payable and other accrued expenses | — | 350
Accrued warranty | 914 | 4,936
Current liabilities of discontinued operations | 914 | 5,286
Accrued warranty | 698 | 10,429
Other liabilities | 189 | 286
Non-current liabilities of discontinued operations | $887 | $10,715


Question: What was the change in current assets of discontinued operations between 2018 and 2019?
Answer: -5825
Calculation: 30-5,855
Volatility in average selling prices for our semiconductor memory and storage products may adversely affect our business.
We have experienced significant volatility in our average selling prices, including dramatic declines as noted in the table below, and may continue to experience such volatility in the future. In some prior periods, average selling prices for our products have been below our manufacturing costs and we may experience such circumstances in the future. Average selling prices for our products that decline faster than our costs could have a material adverse effect on our business, results of operations, or financial condition.
Table:
 | DRAM | NAND
 | (percentage change in average selling prices) | 
2019 from 2018 | (30)% | (44)%
2018 from 2017 | 37% | (8)%
2017 from 2016 | 19% | (7)%
2016 from 2015 | (35)% | (19)%
2015 from 2014 | (11)% | (15)%


Question: 	 What is the percentage change in average selling price of NAND from 2018 to 2019?
Answer: (44)%
Total Expense and Other (Income)
* 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
The following Red Hat-related expenses were included in 2019 total consolidated expense and other (income), with no corresponding expense in the prior-year: Red Hat operational spending, interest expense from debt issuances to fund the acquisition and other acquisition-related activity, including: amortization of acquired intangible assets, retention and legal and advisory fees associated with the transaction.
Total expense and other (income) increased 2.8 percent in 2019 versus the prior year primarily driven by higher spending including Red Hat operational spending and investments in software and systems innovation, higher interest expense, non-operating acquisition-related activity associated with the Red Hat transaction and lower IP income, partially offset by lower non-operating retirement-related costs, divesture-related activity (gains on divestitures and lower spending) and the effects of currency. Total operating (non-GAAP) expense and other (income) increased 4.1 percent year to year, driven primarily by the factors above excluding the higher non-operating acquisition related activity and lower non-operating retirement-related costs described above.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent/ Margin Change*
Total consolidated expense and other (income) | $26,322 | $25,594 | 2.8%
Non-operating adjustments |  |  | 
Amortization of acquired intangible assets | (764) | (437) | 74.8
Acquisition-related charges | (409) | (16) | NM
Non-operating retirement related (costs)/income | (615) | (1,572) | (60.9)
Operating (non-GAAP) expense and other (income) | $24,533 | $23,569 | 4.1%
Total consolidated expense-to-revenue ratio | 34.1% | 32.2% | 2.0 pts.
Operating (non-GAAP) expense-to-revenue ratio | 31.8% | 29.6% | 2.2 pts.


Question: What is the increase / (decrease) in the Operating (non-GAAP) expense and other (income) from 2018 to 2019?
Answer: 964
Calculation: 24,533 - 23,569
The following table summarizes the activity related to stock options during the year ended December 31, 2019
As of December 31, 2019, the Company had $1,641 of unrecognized stock-based compensation expense related to the stock options. This cost is expected to be recognized over a weighted-average period of 2.5 years.
(Dollars in thousands, except per share amounts)
Table:
 | Number of Shares | Weighted-Average Exercise Price | Weighted Average Remaining Contractual Life (in years) | Aggregated Intrinsic Value (in thousands)
Stock options outstanding - December 31, 2018 | - | - - |  | 
Granted | 5,835,724 | $0.56 |  | 
Forfeited or expired | (20,000) | $0.55 |  | 
Stock options outstanding - December 31, 2019 | 5,815,724 | $0.56 | 9.6 years | $2,725
Stock options exercisable - December 31, 2019 | 137,500 | $0.55 | 9.6 years | $66


Question: What is the total number of stocks outstanding as at December 31, 2018 and 2019?
Answer: 5815724
Calculation: 5,815,724 + 0
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)
18. Revenues from Contracts with Customers
The Group has recognized the following amounts relating to revenues:
Revenues from The Cool Pool Limited relate only to the pool revenues received from GasLog’s vessels operating in the Cool Pool and do not include the Net pool allocation to GasLog of ($4,264) for the year ended December 31, 2019 ($17,818 for the year ended December 31, 2018 and $7,254 for the year ended December 31, 2017), which is recorded as a separate line item in the Profit or Loss Statement.
Following the exit from the Cool Pool, management allocates revenues from time charters to two categories: (a) variable rate charters and (b) fixed rate charters. The variable rate charter category contains vessels operating in the LNG carrier spot and short-term market or those which have a variable rate of hire across the charter period.
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Revenues from fixed rate time charters | 485,961 | 515,324 | 558,266
Revenues from variable rate time charters | — | — | 64,334
Revenues from The Cool Pool Limited (GasLog vessels) | 38,046 | 102,253 | 45,253
Revenues from vessel management services | 1,222 | 767 | 784
Total | 525,229 | 618,344 | 668,637


Question: What does the revenues from The Cool Pool Limited represent?
Answer: Revenues from The Cool Pool Limited relate only to the pool revenues received from GasLog’s vessels operating in the Cool Pool
We recorded a liability for unrecognized tax positions. The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the years ended March 31:
As of March 31, 2019, we had a liability of $0.6 million related to uncertain tax positions, the recognition of which would affect our effective income tax rate.
Although the timing and outcome of tax settlements are uncertain, it is reasonably possible that during the next 12 months an immaterial reduction in unrecognized tax benefits may occur as a result of the expiration of various statutes of limitations. We are routinely audited and the outcome of tax examinations could also result in a reduction in unrecognized tax benefits. Other changes could occur in the amount of gross unrecognized tax benefits during the next 12 months which cannot be estimated at this time.
We recognize interest accrued on any unrecognized tax benefits as a component of income tax expense. Penalties are recognized as a component of general and administrative expenses. We recognized interest and penalty expense of less than $0.1 million for the years ended March 31, 2019, 2018 and 2017. As of March 31, 2019 and 2018, we had approximately $0.5 million and $0.8 million of interest and penalties accrued.
In the U.S. we file consolidated federal and state income tax returns where statutes of limitations generally range from three to five years. Although we have resolved examinations with the IRS through tax year ended March 31, 2010, U.S. federal tax years are open from 2006 forward due to attribute carryforwards.
The statute of limitations is open from fiscal year 2012 forward in certain state jurisdictions. We also file income tax returns in international jurisdictions where statutes of limitations generally range from three to seven years. Years beginning after 2008 are open for examination by certain foreign taxing authorities.
Table:
(In thousands) | 2019 | 2018 | 2017
Balance at April 1 | $687 | $988 | $1,617
Reductions: |  |  | 
Relating to positions taken during prior year | — | (300) | (604)
Relating to lapse in statute | (107) | (1) | (25)
Balance at March 31 | $580 | $687 | $988


Question: What was the increase / (decrease) in the Balance at April 1 from 2018 to 2019?
Answer: -301
Calculation: 687 - 988
Asset Retirement Obligations
At December 31, 2019, our asset retirement obligations balance was primarily related to estimated future costs of removing equipment from leased properties and estimated future costs of properly disposing of asbestos and other hazardous materials upon remodeling or demolishing buildings. Asset retirement obligations are included in other long-term liabilities on our consolidated balance sheets.
As of the Level 3 acquisition date, we recorded liabilities to reflect our fair values of Level 3’s asset retirement obligations. Our fair value estimates were determined using the discounted cash flow method.
The following table provides asset retirement obligation activity:
(1) The liabilities assumed during 2018 relate to purchase price adjustments during the year.
The 2019, 2018 and 2017 change in estimates are offset against gross property, plant and equipment.
Table:
 | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017
 | (Dollars in millions) |  | 
Balance at beginning of year | $190 | 115 | 95
Accretion expense | 11 | 10 | 6
Liabilities assumed in acquisition of Level 3(1) | — | 58 | 45
Liabilities settled | (14) | (14) | (3)
Liabilities transferred to Cyxtera | — | — | (20)
Change in estimate | 10 | 21 | (8)
Balance at end of year | $197 | 190 | 115


Question: What is the average accretion expense across 2017, 2018 and 2019?
Answer: 9
Calculation: (11+10+6)/3
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 18: INTEREST EXPENSE AND FINANCE COST
Interest expense and finance cost consisted of the following:
Table:
 | For the Year Ended December 31, 2019 | For the Year Ended December 31, 2018 | For the Year Ended December 31, 2017
Interest expense | $125,496 | $129,941 | $115,099
Amortization and write-off of deferred financing costs | 7,746 | 7,866 | 6,391
Other | 237 | 109 | 121
Interest expense and finance cost | $133,479 | $137,916 | $121,611


Question: What was the change in Interest expense between 2017 and 2018?
Answer: 14842
Calculation: 129,941-115,099
American Tower Corporation • 2019 Annual Report
Appendix 1 • Letter to Stakeholders
RETURN ON INVESTED CAPITAL (ROIC) RECONCILIATION1 ($ in millions. Totals may not add due to rounding.)
1 Historical denominator balances reflect purchase accounting adjustments
2 Represents Q4 2015 annualized numbers to account for full year impact of Verizon Transaction.
3 Represents Q4 2016 annualized numbers to account for full year impact of Viom Transaction
4 Adjusted to annualize impacts of acquisitions closed throughout the year.
5 Positively impacted by the Company's settlement with Tata in Q4 2018.
6 Excludes the impact of deferred tax adjustments related to valuation.
Table:
 | 2015 2 | 2016 3 | 2017 4 | 2018 4,5 | 2019 4
Adjusted EBITDA | $3,206 | $3,743 | $4,149 | $4,725 | $4,917
Cash Taxes | (107) | (98) | (137) | (172) | (168)
Maintenance Capex | (124) | (159) | (115) | (150) | (160)
Corporate Capex | (26) | (27) | (17) | (9) | (11)
Numerator | $2,948 | $3,459 | $3,880 | $4,394 | $4,579
Gross PPE | $14,397 | $15,652 | $16,950 | $17,717 | $19,326
Gross Intangibles | 12,671 | 14,795 | 16,183 | 16,323 | 18,474
Gross Goodwill6 | 4,240 | 4,510 | 4,879 | 4,797 | 5,492
Denominator | $31,308 | $34,957 | $38,012 | $38,837 | $43,292
ROIC | 9.4% | 9.9% | 10.2% | 11.3% | 10.6%


Question: What does Gross Goodwill exclude?
Answer: the impact of deferred tax adjustments related to valuation
Return on invested capital
Return on invested capital (ROIC) is a measure of the return generated on capital invested by the Group. The measure provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback. ROIC is calculated as underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
(b) See reconciliation of operating profit to underlying operating profit on page 30.
(c) Tax on underlying operating profit is calculated as underlying operating profit before tax multiplied by underlying effective tax rate of 25.5% (2018: 25.7%) which is shown on page 30.
Table:
 | € million 2019 | € million 2018
 |  | (Restated)(a)
Underlying operating profit before tax(b) | 9,947 | 9,463
Tax on underlying operating profit(c) | (2,536) | (2,432)
Operating profit after tax | 7,411 | 7,031
Goodwill | 18,067 | 17,341
Intangible assets | 12,962 | 12,152
Property, plant and equipment | 12,062 | 12,088
Net assets held for sale | 81 | 108
Inventories | 4,164 | 4,301
Trade and other current receivables | 6,695 | 6,482
Trade payables and other current liabilities | (14,768) | (14,457)
Period-end invested capital | 39,263 | 38,015
Average invested capital for the period | 38,639 | 38,749
Return on average invested capital | 19.2% | 18.1%


Question: What does Return on Invested Capital (ROIC) represent? 
Answer: provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended December 31,
2019, 2018 and 2017 (in thousands):
Our unrecognized tax benefits totaled $11.2 million and $7.1 million as of December 31, 2019 and 2018, respectively. Included in these amounts are unrecognized tax benefits totaling $10.2 million and $5.4 million as of December 31, 2019 and 2018, respectively, which, if recognized, would affect the effective tax rate.
these amounts are unrecognized tax benefits totaling $10.2 million and $5.4 million as of December 31, 2019 and 2018, respectively,
which, if recognized, would affect the effective tax rate.
We recognize potential accrued interest and penalties related to unrecognized tax benefits within our global operations in income tax expense. For the years ended December 31, 2019, 2018 and 2017, the Company recognized the following income tax expense: $0.5 million, $0.5 million, and $0.3 million, respectively, for the potential payment of interest and penalties. Accrued interest and penalties were $1.7 million and $2.1 million for the years ended December 31, 2019 and 2018. We conduct business globally and, as a result, files income tax returns in the United State federal jurisdiction and in many state and foreign jurisdictions. We are generally no longer subject to U.S. federal, state, and local, or non-US income tax examinations for the years before 2012. Due to the expiration of statutes of limitations in multiple jurisdictions globally during 2020, the Company anticipates it is reasonably possible that unrecognized tax benefits may decrease by $3.1 million.
Table:
 | December 31, |  | 
 | 2019 | 2018 | 2017
Unrecognized tax benefits at January 1,    | (7,113 )    | (7,419 )    | (6,938 ) 
Gross amount of increases in unrecognized tax benefits as a
result of tax positions taken during a prior period | (2,428 )      | (873 )      | (789 ) 
Gross amount of decreases in unrecognized tax benefits as a Gross amount of decreases in unrecognized tax benefits as a result of tax positions taken during a prior period | 445 | 233 | 145
Gross amount of increases in unrecognized tax benefits as a
result of tax positions taken during the current period | (2,489 )      | (78 )      | -
Reductions to unrecognized tax benefits relating to settlements with taxing authorities | - | 349 | -
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations | 346 | 675 | 163
Unrecognized tax benefits at December 31,    | (11,239 )    | (7,113 )    | (7,419 ) 


Question: What is the reason for unrecognised tax benefits decreasing by 3.1 million in 2020?
Answer: Due to the expiration of statutes of limitations in multiple jurisdictions globally
1. 2019 Performance Periods and Performance Goals. For the calendar year 2019, there are four quarterly Performance Periods, ending on March 31, June 30, September 30 and December 31, 2019 (each, a “2019 Performance Period”). For each of the four 2019 Performance Periods, there are two equally weighted (50% each) performance goals (each, a “2019 Performance Goal”): Revenue and Operating Margin (each as defined below). The chart below set forth the Revenue and Operating Margin Performance Goals for the four 2019 Performance Periods.
“Revenue” means as to each of the 2019 Performance Periods, the Company’s net revenues generated from third parties, including both services revenues and product revenues as defined in the Company’s Form 10-K filed for the calendar year ended December 31, 2018. Net revenue is defined as gross sales less any pertinent discounts, refunds or other contra-revenue amounts, as presented on the Company’s press releases reporting its quarterly financial results.
“Operating Margin” means as to each of the 2019 Performance Periods, the Company’s non-GAAP operating income divided by its Revenue. Non-GAAP operating income means the Company’s Revenues less cost of revenues and operating expenses, excluding the impact of stock-based compensation expense, amortization of acquisition related intangibles, legal settlement related charges and as adjusted for certain acquisitions, as presented on the Company’s press releases reporting its quarterly financial results
Table:
2019 Performance Period | Revenue Performance Goal(in millions) | Operating Margin Performance Goal
Q1 | $199.5 | 8.1%
Q2 | $211.7 | 8.3%
Q3 | $227.3 | 9.6%
Q4 | $243.2 | 10.8%


Question: What is the company's average revenue performance goal in the last two quarters of 2019?
Answer: 235.25
Calculation: (227.3 + 243.2)/2
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 the table below sets forth the pre-tax accumulated other comprehensive income ( loss ) expected to be recognized as an increase ( decrease ) to income from continuing operations before income taxes over the next twelve months as of december 31 , 2011 for the following types of derivative instruments : accumulated other comprehensive income ( loss ) ( 1 ) ( in millions ) .

Table:
 | accumulated other comprehensive income ( loss ) ( 1 ) ( in millions )
interest rate derivatives | $ -101 ( 101 )
cross currency derivatives | $ -1 ( 1 )
foreign currency derivatives | $ 7
commodity and other derivatives | $ -1 ( 1 )
( 1 ) excludes a loss of $ 94 million expected to be recognized as part of the sale of cartagena , which closed on february 9 , 2012 , and is further discussed in note 23 2014acquisitions and dispositions .
the balance in accumulated other comprehensive loss related to derivative transactions will be reclassified into earnings as interest expense is recognized for interest rate hedges and cross currency swaps ( except for the amount reclassified to foreign currency transaction gains and losses to offset the remeasurement of the foreign currency-denominated debt being hedged by the cross currency swaps ) , as depreciation is recognized for interest rate hedges during construction , as foreign currency transaction gains and losses are recognized for hedges of foreign currency exposure , and as electricity sales and fuel purchases are recognized for hedges of forecasted electricity and fuel transactions .
these balances are included in the consolidated statements of cash flows as operating and/or investing activities based on the nature of the underlying transaction .
for the years ended december 31 , 2011 , 2010 and 2009 , pre-tax gains ( losses ) of $ 0 million , $ ( 1 ) million , and $ 0 million net of noncontrolling interests , respectively , were reclassified into earnings as a result of the discontinuance of a cash flow hedge because it was probable that the forecasted transaction would not occur by the end of the originally specified time period ( as documented at the inception of the hedging relationship ) or within an additional two-month time period thereafter. .

Question: the loss on the sale of cartagena is what percent of the aoci impact of interest rate derivatives?
Answer: 94%
Calculation: divide(94, 101)