hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Services Business
We offer services to customers and partners to help to maximize the performance of their investments in Oracle applications and infrastructure technologies. Services revenues are generally recognized as the services are performed. The cost of providing our services consists primarily of personnel related expenses, technology infrastructure expenditures, facilities expenses and external contractor expenses.
(1) Excludes stock-based compensation and certain expense allocations. Also excludes amortization of intangible assets and certain other GAAP-based expenses, which were not allocated to our operating segment results for purposes of reporting to and review by our CODMs, as further described under “Presentation of Operating Segments and Other Financial Information” above.
Excluding the effects of currency rate fluctuations, our total services revenues decreased in fiscal 2019 relative to fiscal 2018 primarily due to revenue declines in our education services and, to a lesser extent, our consulting services. During fiscal 2019, constant currency increases in our EMEA-based services revenues were offset by constant currency services revenue decreases in the Americas and the Asia Pacific regions.
In constant currency, total services expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to an increase in employee related expenses and external contractor expenses associated with investments in our consulting services that support our cloud offerings. In constant currency, total margin and total margin as a percentage of total services revenues decreased during fiscal 2019 relative to fiscal 2018 due to decreased revenues and increased expenses for this business.
Table:
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Services Revenues: |  |  |  | 
Americas | $1,576 | -5% | -3% | $1,654
EMEA | 1,021 | -2% | 2% | 1,046
Asia Pacific | 643 | -7% | -4% | 695
Total revenues | 3,240 | -5% | -2% | 3,395
Total Expenses (1) | 2,703 | -1% | 2% | 2,729
Total Margin | $537 | -19% | -18% | $666
Total Margin % | 17% |  |  | 20%
% Revenues by Geography: |  |  |  | 
Americas | 49% |  |  | 49%
EMEA | 31% |  |  | 31%
Asia Pacific | 20% |  |  | 20%


Question: What make up the company's cost of providing services?
Answer: The cost of providing our services consists primarily of personnel related expenses, technology infrastructure expenditures, facilities expenses and external contractor expenses.
ACCOUNTING POLICY
Accounts receivable represent amounts owing to us that are currently due and collectible. We initially recognize accounts receivable on the date they originate. We measure accounts receivable initially at fair value, and subsequently at amortized cost, with changes recognized in net income. We measure an impairment loss for accounts receivable as the excess of the carrying amount over the present value of future cash flows we expect to derive from it, if any. The excess is allocated to an allowance for doubtful accounts and recognized as a loss in net income.
EXPLANATORY INFORMATION
We have retrospectively reclassified $23 million as at December 31, 2018 and January 1, 2019 related to our wireless financing programs from “accounts receivable” to “other current assets” as the collection time frame of the amounts differs from accounts receivable.
Table:
 | As at December 31 | As at December 31 | As at December 31
(In millions of dollars) | Note | 2019 | 2018
Customer accounts receivable |  | 1,579 | 1,529
Other accounts receivable |  | 785 | 762
Allowance for doubtful accounts | 15 | (60) | (55)
Total accounts receivable |  | 2,304 | 2,236


Question: How is accounts receivable measured?
Answer: We measure accounts receivable initially at fair value, and subsequently at amortized cost, with changes recognized in net income.
(4) Goodwill, Customer Relationships and Other Intangible Assets
Goodwill, customer relationships and other intangible assets consisted of the following:
Our goodwill was derived from numerous acquisitions where the purchase price exceeded the fair value of the net assets acquired (including the acquisition described in Note 2—Acquisition of Level 3). As of December 31, 2019, the weighted average remaining useful lives of the intangible assets were approximately 8 years in total, approximately 9 years for customer relationships, 4 years for capitalized software and 3 years for trade names.
Total amortization expense for intangible assets for the years ended December 31, 2019, 2018 and 2017 was $1.7 billion, $1.8 billion and $1.2 billion, respectively. As of December 31, 2019, the gross carrying amount of goodwill, customer relationships, indefinite-life and other intangible assets was $44.0 billion.
Table:
 | As of December 31 | 
 | 2019 | 2018
 | (Dollars in million) | 
Goodwill | $21,534 | 28,031
Customer relationships, less accumulated amortization of $9,809 and $8,492 | $7,596 | 8,911
Indefinite-life intangible assets | $269 | 269
Other intangible assets subject to amortization: |  | 
Capitalized software, less accumulated amortization of $2,957 and $2,616 | $1,599 | 1,468
Trade names, less accumulated amortization of $91 and $61 | 103 | 131
Total other intangible assets, net | $1,971 | 1,868


Question: How was goodwill derived?
Answer: from numerous acquisitions where the purchase price exceeded the fair value of the net assets acquired (including the acquisition described in Note 2—Acquisition of Level 3)
Cash Flows
The following table summarizes key cash flow activity for the years ended December 31, 2019, 2018, and 2017 (in thousands):
Operating Activities
The increase in net cash provided by operating activities during 2019 was primarily driven by higher cash proceeds from sales of systems projects, including the Sunshine Valley, Sun Streams, and California Flats projects, and advance payments received for sales of solar modules prior to the step down in the U.S. investment tax credit as discussed above. These increases were partially offset by operating expenditures associated with initial ramp of certain Series 6 manufacturing lines and expenditures for the construction of certain projects.
Investing Activities
The decrease in net cash used in investing activities during 2019 was primarily due to higher net sales of marketable securities and restricted investments, partially offset by proceeds associated with the sale of our interests in 8point3 and its subsidiaries in 2018.
Financing Activities
The decrease in net cash provided by financing activities during 2019 was primarily the result of lower net proceeds from borrowings under project specific debt financings associated with the construction of certain projects in Australia, Japan, and India.
Table:
 | 2019 | 2018 | 2017
Net cash provided by (used in) operating activities | $174,201 | $(326,809) | $1,340,677
Net cash used in investing activities | (362,298) | (682,714) | (626,802)
Net cash provided by financing activities | 74,943 | 255,228 | 192,045
Effect of exchange rate changes on cash, cash equivalents and restricted cash. | (2,959) | (13,558) | 8,866
Net (decrease) increase in cash, cash equivalents and restricted cash | $(116,113) | $(767,853) | $914,786


Question: What are the reasons for the decrease in cash used in investing activities?
Answer: The decrease in net cash used in investing activities during 2019 was primarily due to higher net sales of marketable securities and restricted investments, partially offset by proceeds associated with the sale of our interests in 8point3 and its subsidiaries in 2018.
Note 4 – Fair Value Measurements
Assets and Liabilities Measured at Fair Value
The Company’s contingent earn-out liabilities are measured at fair value. These liabilities were estimated using Level 3 inputs. The fair value of contingent consideration was determined based on a probability-based approach which includes projected results, percentage probability of occurrence and the application of a discount rate to present value the payments. A significant change in projected results, discount rate, or probabilities of occurrence could result in a significantly higher or lower fair value measurement. Changes in the fair value of contingent earn-out liabilities are reflected in operating expenses on the Company’s consolidated statements of operations.
The following table presents the changes in Level 3 contingent earn-out liabilities:
In May 2019, the Company fully settled its Del Monte earn-out liability for $200. The long-term portion of contingent earn-out liabilities was $7,957 and $2,792 as of December 27, 2019 and December 28, 2018, respectively, and are reflected as other liabilities and deferred credits on the Company’s consolidated balance sheets. The remaining short-term portion of earn-out liabilities are reflected as accrued liabilities on the Company’s consolidated balance sheets. Contingent earn-out liability payments in excess of the acquisition date fair value of the underlying contingent earn-out liability are classified as operating activities on the Company’s consolidated statements of cash flows and all other such payments are classified as financing activities.
Table:
 | Del Monte  | Fells Point  | Bassian  | Other Acquisitions | Total
Balance December 29, 2017 | $649 | $4,579 | $— | $— | $5,228
Acquisition value | — | — | — | 1,414 | 1,414
Cash payments | — | (3,000) | — | — | (3,000)
Changes in fair value | (649) | 2,070 | — | 27 | 1,448
Balance December 28, 2018 | — | 3,649 | — | 1,441 | 5,090
Acquisition value | — | — | 7,450 | 479 | 7,929
Cash payments | (200) | (3,000) | — | (1,000) | (4,200)
Changes in fair value | 200 | 3,895 | 507 | 1,277 | 5,879
Balance December 27, 2019 | $— | $4,544 | $7,957 | $2,197 | $14,698


Question: What information does the table present?
Answer: the changes in Level 3 contingent earn-out liabilities
LIQUIDITY AND CAPITAL RESOURCES
The Company’s cash and cash equivalents increased to $93,628 at June 30, 2019 from $31,440 at June 30, 2018. Cash at the end of fiscal 2018 was lower due primarily to the acquisition of Ensenta and higher repayment of debt in fiscal 2018.
The following table summarizes net cash from operating activities in the statement of cash flows:
Cash provided by operating activities increased 5% compared to fiscal 2018. Cash from operations is primarily used to repay debt, pay dividends and repurchase stock, and for capital expenditures.
Table:
 | Year Ended | 
 | June 30 | 
 | 2019 | 2018
Net income | $271,885 | $365,034
Non-cash expenses | 180,987 | 87,906
Change in receivables | (11,777) | 21,489
Change in deferred revenue | 23,656 | 1,255
Change in other assets and liabilities | (33,623) | (63,542)
Net cash provided by operating activities | $431,128 | $412,142


Question: What is the non-cash expenses in 2018 and 2019 respectively?
Answer: 87,906, 180,987
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
Amounts recorded in respect of discontinued operations in the years ended December 31, 2019 and 2018, respectively are as follows:
Navios Containers accounted for the control obtained in November 2018 as a business combination which resulted in the application of the “acquisition method”, as defined under ASC 805 Business Combinations, as well as the recalculation of Navios Holdings’ equity interest in Navios Containers to its fair value at the date of obtaining control and the recognition of a gain in the consolidated statements of comprehensive (loss)/income. The excess of the fair value of Navios Containers’ identifiable net assets of $229,865 over the total fair value of Navios Containers’ total shares outstanding as of November 30, 2018 of $171,743, resulted in a bargain gain upon obtaining control in the amount of $58,122. The fair value of the 34,603,100 total Navios Container’s shares outstanding as of November 30, 2018 was determined by using the closing share price of $4.96, as of that date.
As of November 30, 2018, Navios Holdings’ interest in Navios Containers with a carrying value of $6,078 was remeasured to fair value of $6,269, resulting in a gain on obtaining control in the amount of $191 and is presented within “Bargain gain upon obtaining control” in the consolidated statements of comprehensive (loss)/income.
The results of operations of Navios Containers are included in Navios Holdings’ consolidated statements of comprehensive (loss)/income following the completion of the conversion of Navios Maritime Containers Inc. into a limited partnership on November 30, 2018.
Table:
 | Period from January 1 to August 30, 2019 | Period from November 30 to December 31, 2018
Revenue | $89,925 | $12,053
Time charter, voyage and port terminal expenses | (3,976) | (546)
Direct vessel expenses | (44,088) | (5,282)
General and administrative expenses | (6,706) | (873)
Depreciation and amortization | (22,858) | (3,060)
Interest expense and finance cost | (10,519) | (1,204)
Other expense, net | (5,896) | (336)
Net (loss)/income from discontinued operations | $(4,118) | $752
Less: Net loss/(income) attributable to the noncontrolling interest | $3,968 | $(725)
Net (loss)/income attributable to Navios Holdings common stockholders | $(150) | $27


Question: What was the revenue in 2018?
Answer: 12,053
annual report on form 10-k 108 fifth third bancorp part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the information required by this item is included in the corporate information found on the inside of the back cover and in the discussion of dividend limitations that the subsidiaries can pay to the bancorp discussed in note 26 of the notes to the consolidated financial statements . additionally , as of december 31 , 2008 , the bancorp had approximately 60025 shareholders of record . issuer purchases of equity securities period shares purchased average paid per shares purchased as part of publicly announced plans or programs maximum shares that may be purchased under the plans or programs .

Table:
period | sharespurchased ( a ) | averagepricepaid pershare | sharespurchasedas part ofpubliclyannouncedplans orprograms | maximumshares thatmay bepurchasedunder theplans orprograms
october 2008 | 25394 | $ - | - | 19201518
november 2008 | 7526 | - | - | 19201518
december 2008 | 40 | - | - | 19201518
total | 32960 | $ - | - | 19201518
( a ) the bancorp repurchased 25394 , 7526 and 40 shares during october , november and december of 2008 in connection with various employee compensation plans of the bancorp .
these purchases are not included against the maximum number of shares that may yet be purchased under the board of directors authorization. .

Question: what was the average monthly shares repurchased in the 4th quarter 2008?
Answer: 10987
Calculation: add(7526, 25394), add(#0, 40), divide(#1, const_3)
6feb201418202649 performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 2018 2018s&p 500 index 2019 2019 ) , ( ii ) the standard & poor 2019s industrials index ( 2018 2018s&p industrials index 2019 2019 ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 2018 2018s&p consumer durables & apparel index 2019 2019 ) , from december 31 , 2008 through december 31 , 2013 , when the closing price of our common stock was $ 22.77 . the graph assumes investments of $ 100 on december 31 , 2008 in our common stock and in each of the three indices and the reinvestment of dividends . $ 350.00 $ 300.00 $ 250.00 $ 200.00 $ 150.00 $ 100.00 $ 50.00 performance graph .

Table:
 | 2009 | 2010 | 2011 | 2012 | 2013
masco | $ 128.21 | $ 120.32 | $ 102.45 | $ 165.80 | $ 229.59
s&p 500 index | $ 125.92 | $ 144.58 | $ 147.60 | $ 171.04 | $ 225.85
s&p industrials index | $ 120.19 | $ 151.89 | $ 150.97 | $ 173.87 | $ 243.73
s&p consumer durables & apparel index | $ 136.29 | $ 177.91 | $ 191.64 | $ 232.84 | $ 316.28
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .
at december 31 , 2013 , we had remaining authorization to repurchase up to 22.6 million shares .
during the first quarter of 2013 , we repurchased and retired 1.7 million shares of our common stock , for cash aggregating $ 35 million to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards .
we have not purchased any shares since march 2013. .

Question: what was the percentage cumulative total shareholder return on masco common stock for the five year period ended 2013?
Answer: 129.59%
Calculation: subtract(229.59, 100), divide(#0, 100)
Profitability Measures
Net Income:
Our net income in the fiscal year ended February 28, 2019 was $18.4 million as compared to net income of $16.6 million in the same period last year. The increase is due to a $11.7 million increase in operating income, $3.0 million increase in investment income and $12.0 million decrease in income tax provision. The increase in operating income was primarily attributable to $21.0 million decrease in general and administrative expense due to reduced legal provision and related costs as further discussed in Note 19 and partially offset by $8.0 million of restructuring expense.
Adjusted EBITDA for Telematics Systems in the fiscal year ended February 28, 2019 decreased $8.1 million compared to the same period last year due to lower revenues as described above and the impact of high margin revenue earned on a strategic technology partnership arrangement in fiscal 2018. These factors were coupled with higher operating expenses in Telematics Systems as a result of increased headcount and outsourced professional service fees. Adjusted EBITDA for Software and Subscription Services increased $4.9 million compared to the same period last year due primarily to continued growth in revenues and gross profit from our Italia market and higher gross profit from our fleet management services.
See Note 20 for reconciliation of Adjusted EBITDA by reportable segments and a reconciliation to GAAP-basis net income (loss).
Table:
 | Fiscal years ended |  |  | 
 | February 28, |  |  | 
(In thousands) | 2019 | 2018 | $ Change | % Change
 | Segment |  |  | 
Telematics Systems | $40,821 | $48,943 | $(8,122) | (17.0%)
Software & Subscription Services | 13,093 | 8,233 | 4,860 | 59.0%
Corporate Expense | (5,699) | (4,794) | (905) | 19.0%
Total Adjusted EBITDA | $48,215 | $52,382 | $(4,167) | (8.0%)


Question: What is the total Adjusted EBITDA for Telematics Systems and Software & Subscription Services in 2018?
Answer: 57176
Calculation: (48,943+8,233)
Summarized financial information of Hilli LLC
The assets and liabilities of Hilli LLC(1) that most significantly impacted our consolidated balance sheet as of December 31, 2019 and 2018, are as follows:
(1) As Hilli LLC is the primary beneficiary of the Hilli Lessor VIE (see above) the Hilli LLC balances include the Hilli Lessor VIE.
Table:
(in thousands of $) | 2019 | 2018
Balance sheet |  | 
Current assets | 64,507 | 172,554
Non-current assets | 1,300,065 | 1,392,710
Current liabilities | (496,029) | (278,728)
Non-current liabilities | (418,578) | (842,786)


Question: What was the current liabilities in 2018?
Answer: (278,728)
The following table reconciles total segment adjusted EBITDA to net (loss) income for the years ended December 31, 2019, 2018 and 2017:
We do not have any single customer that provides more than 10% of our consolidated total operating revenue.
The assets we hold outside of the U.S. represent less than 10% of our total assets. Revenue from sources outside of the U.S. is responsible for less than 10% of our total operating revenue.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Total segment adjusted EBITDA | $15,987 | 16,647 | 12,560
Depreciation and amortization | (4,829) | (5,120) | (3,936)
Goodwill impairment | (6,506) | (2,726) | —
Other operating expenses | (7,216) | (8,045) | (6,504)
Share-based compensation | (162) | (186) | (111)
Operating (loss) income | (2,726) | 570 | 2,009
Total other expense, net | (2,040) | (2,133) | (1,469)
(Loss) income before income taxes | (4,766) | (1,563) | 540
Income tax expense (benefit) | 503 | 170 | (849)
Net (loss) income | $(5,269) | (1,733) | 1,389


Question: What is the total segment adjusted EBITDA in 2019?
Answer: $15,987
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
The components of the net deferred tax asset and liability and related valuation allowance were as follows:
The Company provides valuation allowances if, based on the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Management assesses the available evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets.
Table:
 | December 31, 2019 | December 31, 2018
Assets: |  | 
Operating lease liability | $878.5 | $—
Net operating loss carryforwards | 356.6 | 264.9
Accrued asset retirement obligations | 174.9 | 165.7
Stock-based compensation | 5.6 | 6.3
Unearned revenue | 31.7 | 28.3
Unrealized loss on foreign currency | 3.8 | 12.9
Other accruals and allowances | 65.6 | 78.6
Items not currently deductible and other | 26.1 | 26.2
Liabilities: |  | 
Depreciation and amortization | (1,040.3) | (757.0)
Right-of-use asset | (865.1) | —
Deferred rent | (79.7) | (36.9)
Other | — | (15.3)
Subtotal | (442.3) | (226.3)
Valuation allowance | (194.2) | (151.9)
Net deferred tax liabilities | $(636.5) | $(378.2)


Question: How many components of assets in 2018 were above $100 million?
Answer: 2
Calculation: Net operating loss carryforwards##Accrued asset retirement obligations
(1) Using the euro per US dollar exchange rate on December 31, 2019 of €1 = $1.1213.
(2) Since May 23, 2019 Mr. Manzi has not been a member of the Supervisory Board.
(3) Global indirect employees are all employees other than those directly manufacturing our products.
We do not have any service agreements with members of our Supervisory Board. We did not extend any loans or overdrafts to any of our Supervisory Board members. Furthermore, we have not guaranteed any debts or concluded any leases with any of our Supervisory Board members or their families.
Table:
 | 2019 | 2018 | 2017
Directors' remuneration |  |  | 
Average remuneration of Supervisory Board Members(1) | $105,066(2) | $ 115,618 | $ 123,281
Company's performance |  |  | 
Net revenues (amounts in millions) | $ 9,556 | $ 9,664 | $ 8,347
Operating income (amounts in millions) | $ 1,203 | $ 1,400 | $ 1,005
Average remuneration of all global indirect employees (FTE basis) (3) |  |  | 
Employees | $ 97,300 | $ 100,600 | $ 93,500


Question: What was the exchange rate used for EUR to USD on 31 December 2019?
Answer: €1 = $1.1213