hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
the company further presents total net 201ceconomic 201d investment exposure , net of deferred compensation investments and hedged investments , to reflect another gauge for investors as the economic impact of investments held pursuant to deferred compensation arrangements is substantially offset by a change in compensation expense and the impact of hedged investments is substantially mitigated by total return swap hedges . carried interest capital allocations are excluded as there is no impact to blackrock 2019s stockholders 2019 equity until such amounts are realized as performance fees . finally , the company 2019s regulatory investment in federal reserve bank stock , which is not subject to market or interest rate risk , is excluded from the company 2019s net economic investment exposure . ( dollar amounts in millions ) december 31 , december 31 .

Table:
( dollar amounts in millions ) | december 31 2012 | december 31 2011
total investments gaap | $ 1750 | $ 1631
investments held by consolidated sponsored investmentfunds ( 1 ) | -524 ( 524 ) | -587 ( 587 )
net exposure to consolidated investment funds | 430 | 475
total investments as adjusted | 1656 | 1519
federal reserve bank stock ( 2 ) | -89 ( 89 ) | -328 ( 328 )
carried interest | -85 ( 85 ) | -21 ( 21 )
deferred compensation investments | -62 ( 62 ) | -65 ( 65 )
hedged investments | -209 ( 209 ) | -43 ( 43 )
total 201ceconomic 201d investment exposure | $ 1211 | $ 1062
total 201ceconomic 201d investment exposure .
.
.
$ 1211 $ 1062 ( 1 ) at december 31 , 2012 and december 31 , 2011 , approximately $ 524 million and $ 587 million , respectively , of blackrock 2019s total gaap investments were maintained in sponsored investment funds that were deemed to be controlled by blackrock in accordance with gaap , and , therefore , are consolidated even though blackrock may not economically own a majority of such funds .
( 2 ) the decrease of $ 239 million related to a lower holding requirement of federal reserve bank stock held by blackrock institutional trust company , n.a .
( 201cbtc 201d ) .
total investments , as adjusted , at december 31 , 2012 increased $ 137 million from december 31 , 2011 , resulting from $ 765 million of purchases/capital contributions , $ 185 million from positive market valuations and earnings from equity method investments , and $ 64 million from net additional carried interest capital allocations , partially offset by $ 742 million of sales/maturities and $ 135 million of distributions representing return of capital and return on investments. .

Question: in 2012 , what net exposure amounted to consolidated investment funds amounted to what percent of the investments held by consolidated sponsored investment funds?
Answer: 82.06%
Calculation: divide(430, 524)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 3 — Accounts Receivable
The components of accounts receivable are as follows:
Table:
 | As of December 31, | 
 | 2019 | 2018
Accounts receivable, gross | $78,269 | $79,902
Less: Allowance for doubtful accounts | (261) | (384)
Accounts receivable, net | $78,008 | $79,518


Question: What was the amount of gross accounts receivables in 2019?
Answer: 78,269
Disaggregation of Revenue
The tables below present the Company’s revenue disaggregated by type of revenue. Refer to Note 13, Reportable Segment Information, for disaggregated revenue by type and reportable segment. The majority of the Company’s revenue is earned domestically, with revenue from customers outside the United States comprising less than 1% of total revenue.
Table:
 | Year Ended June 30, |  | 
 | 2019 | 2018 | 2017
Processing | $594,202 | $550,058 | $506,555
Outsourcing & Cloud | 405,359 | 361,922 | 327,738
Product Delivery & Services | 231,982 | 251,743 | 256,794
In-House Support | 321,148 | 307,074 | 297,203
Services & Support | 958,489 | 920,739 | $881,735
Total Revenue | $1,552,691 | $1,470,797 | $1,388,290


Question: What does the table present?
Answer: the Company’s revenue disaggregated by type of revenue
NOTE 7 - continued
Lease payments not recognized as a liability The Group has elected not to recognize a lease liability for short-term leases (leases of an expected term of 12 months or less) or for leases of low value assets. Payments made under such leases are expensed on a straight-line basis. The expenses relating to payments not recognized as a lease liability are insignificant.
Administrative expenses The total outflow for leases, USD 2.9m, is presented as “Depreciation” of USD 2.5m and “Financial expenses” (interest) of USD 0.4m, in contrast to the recording of an operating lease charge of a materially equivalent figure within the line item “Administrative expenses” under IAS 17.
Financial expenses
Financial expenses for the reporting periods:
Table:
USDm | 2019 | 2018 | 2017
Interest expenses: | - | - | -
Financial expenses arising from lease liabilities regarding right-of-use assets | 2.4 | 2.3 | 1.8
Other financial expenses | 39.5 | 37.0 | 38.8
Total | 41.9 | 39.3 | 40.6


Question: What are the financial expenses under Interest Expenses in the table?
Answer: Financial expenses arising from lease liabilities regarding right-of-use assets, Other financial expenses
(4) Property and Equipment
Property and equipment consist of the following (in thousands):
Depreciation and amortization expense related to property and equipment was $22,538,000, $21,721,000 and $25,787,000 in 2019, 2018 and 2017, respectively.
On November 1, 2019, we completed the purchase of real estate in Chandler, Arizona for approximately $48,000,000 that we intend to use as our global corporate headquarters. The property contains a building and some infrastructure in place that we will complete readying for our use over the next year. We intend to sell our current properties in Tempe, Arizona.
Included within the software, buildings and land values presented above are assets in the process of being readied for use in the amounts of approximately $12,138,000, $27,658,000 and $11,700,000, respectively. Depreciation on these assets will commence, as appropriate, when they are ready for use and placed in service.
Table:
 | December 31, | 
 | 2019 | 2018
Software | $114,674 | $170,327
Buildings | 92,092 | 64,263
Equipment | 60,661 | 100,421
Furniture and fixtures | 34,768 | 38,200
Lease hold improvements | 33,668 | 26,319
Land | 31,374 | 5,124
 | 367,237 | 404,654
Accumulated depreciation and amortization | (236,330) | (331,700)
Property and equipment, net | $130,907 | $72,954


Question: What is the change in Buildings between 2018 and 2019?
Answer: 27829
Calculation: 92,092-64,263
Supplemental balance sheet information related to operating and finance leases as of the period presented was as follows (table in millions):
(1) ROU assets for operating leases are included in other assets and ROU assets for finance leases are included in property and equipment, net on the consolidated balance sheets
(2) Current lease liabilities are included primarily in accrued expenses and other on the consolidated balance sheets. An immaterial amount is presented in due from related parties, net on the consolidated balance sheets.
(3) Operating lease liabilities are presented as operating lease liabilities on the consolidated balance sheets. Finance lease liabilities are included in other liabilities on the consolidated balance sheets.
Table:
 | January 31, 2020 | 
 | Operating Leases | Finance Leases
ROU assets, non-current (1) | $886 | $58
Lease liabilities, current (2) | $109 | $4
Lease liabilities, non-current (3) | 746 | 55
Total lease liabilities | $855 | $59


Question: What were the current lease liabilities for operating leases?
Answer: 109
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)
29. Earnings/(losses) per share (‘‘EPS’’)
Basic earnings/(losses) per share was calculated by dividing the profit/(loss) for the year attributable to the owners of the common shares after deducting the dividend on Preference Shares by the weighted average number of common shares issued and outstanding during the year.
Diluted EPS is calculated by dividing the profit/(loss) for the year attributable to the owners of the Group adjusted for the effects of all dilutive potential ordinary shares by the weighted average number of all potential ordinary shares assumed to have been converted into common shares, unless such potential ordinary shares have an antidilutive effect.
The following reflects the earnings/(losses) and share data used in the basic and diluted earnings/ (losses) per share computations:
The Group excluded the effect of 2,630,173 SARs and 367,162 RSUs in calculating diluted EPS for the year ended December 31, 2019, as they were anti-dilutive (December 31, 2018: 555,453 SARs and 0 RSUs, December 31, 2017: 998,502 SARs and 0 RSUs).
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Basic earnings/(loss) per share |  |  | 
Profit/(loss) for the year attributable to owners of the Group | 15,506 | 47,683 | (100,661)
Less: Dividends on Preference Shares | (10,064) | (10,063) | (10,063)
Profit/(loss) for the year available to owners of the Group | 5,442 | 37,620 | (110,724)
Weighted average number of shares outstanding, basic | 80,622,788 | 80,792,837 | 80,849,818
Basic earnings/(loss) per share | 0.07 | 0.47 | (1.37)
Diluted earnings/(loss) per share |  |  | 
Profit/(loss) for the year available to owners of the Group used in the calculation of diluted EPS | 5,442 | 37,620 | (110,724)
Weighted average number of shares outstanding, basic | 80,622,788 | 80,792,837 | 80,849,818
Dilutive potential ordinary shares | 643,342 | 844,185 | —
Weighted average number of shares used in the calculation of diluted EPS | 81,266,130 | 81,637,022 | 80,849,818
Diluted earnings/(loss) per share | 0.07 | 0.46 | (1.37)


Question: How was diluted EPS calculated?
Answer: Diluted EPS is calculated by dividing the profit/(loss) for the year attributable to the owners of the Group adjusted for the effects of all dilutive potential ordinary shares by the weighted average number of all potential ordinary shares assumed to have been converted into common shares, unless such potential ordinary shares have an antidilutive effect.
Current other investments comprise the following:
The Group invests surplus cash positions across a portfolio of short-term investments to manage liquidity and credit risk whilst achieving suitable returns. These assets do not meet the definition of cash and cash equivalents, but are included in the Group’s net debt based on their liquidity.
Bonds and debt securities includes €955 million (2018: €862 million) of highly liquid German and €941 million (2018: €nil) Japanese government securities; €1,115 million (2018: €1,112 million) of UK government bonds and €1,184 million (2018: 830 million) of other assets both paid as collateral on derivative financial instruments6. Managed investment funds include €5,513 million (2018: €3,087 million) in managed investment funds with liquidity of up to 90 days and €892 million (2018: €804 million) invested in a fund whose underlying securities are supply chain receivables from a diverse range of corporate organisations of which Vodafone is a minority constituent.
Other investments are excluded from net debt based on their liquidity and primarily consist of restricted debt securities including amounts held in qualifying assets by Group insurance companies to meet regulatory requirements.
3 €1,184 million (2018: €830 million) is measured at amortised cost and remaining items are measured at fair value. For €3,011 million (2018: €1,974 million) the valuation basis is level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets for identical assets or liabilities. The remaining balance is level 2 classification.
4 Items measured at fair value and the valuation basis is level 2 classification
5 €1,097 million (2018: €487 million) is measured at fair value and the valuation basis is level 1. The remaining items are measured at amortised cost and the carrying amount approximates fair value
Table:
 | 2019 | 2018
 | €m | €m
Included within current assets: |  | 
Short-term investments: |  | 
Bonds and debt securities3 | 4,690 | 4,690
Managed investment funds4 | 6,405 | 3,891
 | 11,095 | 6,870
Other investments5 | 1,917 | 1,925
 | 13,012 | 8,795


Question: Which financial years' information is shown in the table?
Answer: 2018, 2019
During the year, we passed an additional 12,400 addresses in the Greater Cincinnati area with Fioptics, which included a focus on Fiber to the Premise ("FTTP") addresses as FTTP has become a more relevant solution for our customers. As of December 31, 2019, the Fioptics products are now available to approximately 623,400 customer locations or 75% of the Greater Cincinnati operating territory. During 2019, we passed an additional 5,900 addresses in Hawaii.  The Consumer/SMB Fiber products are now available to approximately 246,400 addresses, or 50% of the operating territory in Hawaii, including Oahu and the neighbor islands
In 2019, the Company also invested $24.0 million in Enterprise Fiber products, which includes fiber and IP-ased core network technology.  These investments position the Company to meet increased business and carrier demand within Greater Cincinnati and in contiguous markets in the Midwest region.  In Hawaii, expenditures are for high-bandwidth data transport products, such as metro-ethernet, including the Southeast Asia to United States ("SEA-US") cable.  We continue to evolve and optimize network assets to support the migration of legacy products to new technology, and as of December 31, 2019, the Company has:
increased the total number of commercial addresses with fiber-based services (referred to as a lit address) to 28,800 in Greater Cincinnati and 20,300 in Hawaii by connecting approximately 2,200 additional lit addresses in Greater Cincinnati and 1,200 additional lit addresses in Hawaii during the twelve months ended December 31, 2019;
expanded the fiber network to span more than 12,500 route miles in Greater Cincinnati and 4,700 route miles in Hawaii; and
provided cell site back-haul services to approximately 90% of the 1,000 cell sites in the Greater Cincinnati market, of which approximately 97% of these sites are lit with fiber, and 80% of the 1,100 cell sites in Hawaii, all of which are lit with fiber.
As a result of our investments, we have generated year-over-year Entertainment and Communications revenue growth each year since 2013.  The Company's expanding fiber assets allow us to support the ever-increasing demand for data, video and internet devices with speed, agility and security.  We believe our fiber investments are a long-term solution for our customers' bandwidth needs
Table:
Hawaii Operating Territory | 2018 | 2019
Consumer / SMB Fiber Revenue (in millions): | $87.2 | $42.3
Subscribers (in thousands): |  | 
High-speed internet | 68.2 | 65.9
Video | 42.7 | 48.8
Voice | 30.0 | 30.3


Question: How many video subscribers are there in 2018?
Answer: 48.8
2 Alternative performance measures continued
Return on capital employed (ROCE)
ROCE measures effective management of fixed assets and working capital relative to the profitability of the business. It is calculated as adjusted operating profit divided by average capital employed. More information on ROCE can be found in the Capital Employed and ROCE sections of the Financial Review on page 57.
An analysis of the components is as follows:
Table:
 | 2019 | 2018
 | £m | £m
Property, plant and equipment | 251.2 | 230.8
Right-of-use assets (IFRS 16) | 40.8 | –
Prepayments | 0.9 | 6.2
Inventories | 185.9 | 160.6
Trade receivables | 240.7 | 245.1
Other current assets | 35.3 | 32.9
Tax recoverable | 8.4 | 4.6
Trade, other payables and current provisions | (178.3) | (172.0)
Current tax payable | (26.7) | (23.7)
Capital employed | 558.2 | 484.5
Average capital employed | 521.4 | 482.2
Average capital employed (excluding IFRS 16) | 501.0 | 482.2
Operating profit | 245.0 | 299.1
Adjustments (see adjusted operating profit on page 160) | 37.7 | (34.2)
Adjusted operating profit | 282.7 | 264.9
Adjusted operating profit (excluding IFRS 16) | 281.4 | 264.9
Return on capital employed | 54.2% | 54.9%
Return on capital employed (excluding IFRS 16) | 56.2% | 54.9%


Question: What are the components factored in when calculating the adjusted operating profit?
Answer: Operating profit, Adjustments
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
Following the enactment of the 2017 Tax Cut and Jobs Act and the associated one-time transition tax, in general, repatriation of foreign earnings to the US can be completed with no incremental US Tax. However, there are limited other taxes that continue to apply such as foreign withholding and certain state taxes. The company records a deferred tax liability for the estimated foreign earnings and state tax cost associated with the undistributed foreign earnings that are not permanently reinvested.
The Tax Act also includes provisions for Global Intangible Low-Taxed Income (“GILTI”) wherein taxes on foreign income are imposed in excess of a deemed return on tangible assets of foreign corporations. We elected to recognize the tax on GILTI as an expense in the period the tax is incurred.
We recognize the financial statement benefit of a tax position when it is more-likely-than-not, based on its technical merits, that the position will be sustained upon examination. A tax position that meets the more-likely-than-not threshold is then measured to determine the amount of benefit to be recognized in the financial statements. As of December 31, 2019, we have approximately $5,016 of unrecognized tax benefits, which if recognized, would impact the effective tax rate. We do not anticipate any significant changes in our unrecognized tax benefits within the next 12 months.
A reconciliation of the beginning and ending unrecognized tax benefits is provided below:
Our continuing practice is to recognize interest and/or penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2019, and 2018, $707 and $2,515, respectively, of interest and penalties were accrued.
We are subject to taxation in the U.S., various states, and in non-U.S. jurisdictions. Our U.S. income tax returns are primarily subject to examination from 2016 through 2018; however, U.S. tax authorities also have the ability to review prior tax years to the extent loss carryforwards and tax credit carryforwards are utilized. The open years for the non-U.S. tax returns range from 2008 through 2018 based on local statutes.
Table:
 | As of December 31, | 
 | 2019 | 2018
Balance at January 1 | $3,649 | $4,670
Increase related to current year tax positions | 2,834 | 55
(Decrease) increase related to prior year tax positions | (10) | 46
Decrease related to lapse in statute of limitation | (1,457) | (1,076)
Decrease related to settlements with taxing authorities | — | (46)
Balance at December 31 | $5,016 | $3,649


Question: What was the change in the balance at January 1 between 2018 and 2019?
Answer: -1021
Calculation: 3,649-4,670
(19) Income Taxes
As of December 31, 2019 and 2018, the components of deferred tax assets primarily relate to equity method investments, equity-based compensation, deferred revenues, interest rate swaps, employee benefits accruals and deferred compensation. As of December 31, 2019 and 2018, the components of deferred tax liabilities primarily relate to depreciation and amortization of intangible assets, property and equipment and deferred contract costs.
The significant components of deferred tax assets and liabilities consist of the following (in millions):
Table:
 | December 31, | 
 | 2019 | 2018
Deferred tax assets: |  | 
Equity method investments | $25.7 | $—
Equity-based compensation | 12.6 | 9.2
Deferred revenues | 6.2 | 14.8
Interest rate swaps | 5.6 | —
Other | 13.0 | 11.4
Total deferred tax assets | 63.1 | 35.4
Deferred tax liabilities: |  | 
Goodwill and other intangibles | (168.7) | (178.9)
Deferred contract costs | (40.3) | (41.9)
Property, equipment and computer software | (34.3) | (28.0)
Other | (5.1) | (7.5)
Total deferred tax liabilities | (248.4) | (256.3)
Net deferred tax liability | $(185.3) | $(220.9)


Question: What was the percentage change in Total deferred tax liabilities between 2018 and 2019?
Answer: -3.08
Calculation: (-248.4-(-256.3))/-256.3
Foreign Currency Analysis
We generate a significant amount of our revenue in the United States, Germany, Japan, the United Kingdom and Canada
The following table shows the impact of foreign exchange rate changes on our net revenue and total spend:
(1) Please refer to the Glossary of Terms for the definitions of our constant currency growth rates.
Changes in the value of the U.S. dollar may have a significant effect on net revenue, total spend, and income (loss) from operations in future periods. We use foreign currency contracts to reduce the exchange rate effect on a portion of the net revenue of certain anticipated transactions but do not attempt to completely mitigate the impact of fluctuations of such foreign currency against the U.S. dollar.
Table:
 | Fiscal Year Ended January 31, 2019 |  | 
 | Percent change compared to prior fiscal year (as reported) | Constant currency percent change compared to prior fiscal year (1) | Positive/negative/neutral impact from foreign exchange rate changes
Revenue | 25% | 24% | Positive
Total spend | 1% | 1% | Neutral


Question: How many countries make up most of the company's revenue?
Answer: 5
Calculation: United States##Germany##Japan##the United Kingdom##Canada
(a) Description of segments and principal activities (continued)  The Group also conducts operations in the United States of America (“United States”), Europe and other regions, and holds investments (including investments in associates, investments in joint ventures, FVPL and FVOCI) in various territories. The geographical information on the total assets is as follows:
As at 31 December 2019, the total non-current assets other than financial instruments and deferred tax assets located in Mainland China and other regions amounted to RMB311,386 million (31 December 2018: RMB282,774 million) and RMB136,338 million (31 December 2018: RMB65,057 million), respectively.
All the revenues derived from any single external customer were less than 10% of the Group’s total revenues during the years ended 31 December 2019 and 2018.
Table:
 | As at 31 December | 
 | 2019 | 2018
 | RMB’Million | RMB’Million
Operating assets |  | 
– Mainland China | 345,721 | 270,373
– Others | 168,714 | 83,962
Investments |  | 
– Mainland China and Hong Kong | 289,491 | 254,992
– North America | 76,488 | 44,835
– Europe | 29,707 | 37,451
– Asia excluding Mainland China and Hong Kong | 40,139 | 30,148
– Others | 3,726 | 1,760
 | 953,986 | 723,521


Question: What is the difference between total operating assets and investments of 2018 year end and 2019 year end?
Answer: 230465
Calculation: 953,986-723,521