hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
(c) Allowance for Credit Loss Rollforward
The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
Table:
 |  |  | CREDIT LOSS ALLOWANCES | 
 | Lease Receivables | Loan Receivables | Financed Service Contracts | Total
Allowance for credit loss as of July 28, 2018 | $135 | $60 | $10 | $205
Provisions (benefits) | (54) | 11 | 27 | (16)
Recoveries (write-offs), net | (14) | — | (28) | (42)
Foreign exchange and other | (21) | — | — | (21)
Allowance for credit loss as of July 27, 2019 | $46 | $71 | $9 | $126


Question: What were the total Foreign exchange and other?
Answer: (21)
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 was the change in the adjusted operating profit in 2019 from 2018?
Answer: 17.8
Calculation: 282.7-264.9
Contractual Obligations
The following table summarizes our contractual obligations as of September 30, 2019 (in thousands):
Our principal executive offices, as well as our research and development facility, are located in approximately 29,000 square feet of office space in San Diego, California and the term of the lease continues through June 30, 2024. The average annual base rent under this lease is approximately $1.0 million per year. In connection with this lease, we received tenant improvement allowances totaling approximately $1.0 million. These lease incentives are being amortized as a reduction of rent expense over the term of the lease.
Our other offices are located in Paris, France; Amsterdam, The Netherlands; New York, New York; Barcelona, Spain; and London, United Kingdom. The
term of the Paris, France lease continues through July 31, 2021, with an annual base rent of approximately €0.4 million (or $0.4 million). The term of the
Amsterdam, The Netherlands lease continues through December 31, 2022, with an annual base rent of approximately €0.2 million (or $0.2 million). The term of
the New York, New York lease continues through November 30, 2024, with an annual base rent of approximately $0.2 million. The term of the Barcelona, Spain lease continues through May 31, 2023, with an annual base rent of approximately €0.1 million (or $0.1 million). The term of the London, United Kingdom lease continues through May 31, 2020, with an annual base rent of approximately £63,000 (or approximately $78,000). Our other offices are located in Paris, France; Amsterdam, The Netherlands; New York, New York; Barcelona, Spain; and London, United Kingdom. The term of the Paris, France lease continues through July 31, 2021, with an annual base rent of approximately €0.4 million (or $0.4 million). The term of the Amsterdam, The Netherlands lease continues through December 31, 2022, with an annual base rent of approximately €0.2 million (or $0.2 million). The term of the New York, New York lease continues through November 30, 2024, with an annual base rent of approximately $0.2 million. The term of the Barcelona, Spain lease continues through May 31, 2023, with an annual base rent of approximately €0.1 million (or $0.1 million). The term of the London, United Kingdom lease continues through May 31, 2020, with an annual base rent of approximately £63,000 (or approximately $78,000).
Other than the lease for our office space in San Diego, California, we do not believe that the leases for our offices are material to the Company. We believe our existing properties are in good condition and are sufficient and suitable for the conduct of its business.
Table:
 | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | Total
Operating lease obligations | $1,699 | $3,950 | $2,707 | $36 | $8,392
Other borrowings | 131 | 145 | 219 | 61 | 556
Total | $1,830 | $4,095 | $2,926 | $97 | $8,948


Question: How much is the annual base rent for the office in Barcelona, Spain?
Answer: approximately €0.1 million (or $0.1 million)
5 Alternative Performance Measures (“APM’s”) continued
Unlevered Free Cash Flow
Unlevered free cash flow represents net cash flow from operating activities adjusted for exceptional items and net capital expenditure. Unlevered free cash flow provides an understanding of the Group’s cash generation and is a supplemental measure of liquidity in respect of the Group’s operations without the distortions of exceptional and other non-operating items.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Net cash flow from operating activities | 142.9 | 147.7
Exceptional items | 3.1 | 13.0
Net capital expenditure | (22.2) | (21.1)
Unlevered free cash flow | 123.8 | 139.6


Question: What are the components in the table used to calculate the unlevered free cash flow?
Answer: Net cash flow from operating activities, Exceptional items, Net capital expenditure
A.3.10 Reconciliation to Consolidated Financial Statements
The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OSRAM Licht AG shares. These effects substantially outweighed a positive result in fiscal 2019 from the measurement of a major asset retirement obligation, which was previously reported in Centrally managed portfolio activities. Severance charges within Corporate items were € 99 million (€ 159 million in fiscal 2018).
Table:
 |  | Fiscal year
(in millions of €) | 2019 | 2018
Real Estate Services | 145 | 140
Corporate items | (562) | 631
Centrally carried pension expense | (264) | (423)
Amortization of intangible assets acquired in business combinations | (1,133) | (1,164)
Eliminations, Corporate Treasury and other reconciling items | (215) | (318)
Reconciliation to Consolidated financial Statements | (2,028) | (1,135)


Question: What were the severance charges within Corporate items?
Answer: 99
Contractual obligations and commitments
A summary of our principal contractual financial obligations and commitments at 31 March 2019 are set out below. In addition, information in relation to our participation in the current German spectrum licence auction and our commitments arising from the Group’s announcement on 9 May 2018 that it had agreed to acquire Liberty Global’s operations in Germany, the Czech Republic, Hungary and Romania (are set out in note 28 “Commitments”).
Notes: 1 This table includes obligations to pay dividends to non-controlling shareholders (see “Dividends from associates and to non-controlling shareholders” on page 160). The table excludes current and deferred tax liabilities and obligations under post employment benefit schemes, details of which are provided in notes 6 “Taxation” and 25 “Post employment benefits” respectively. The table also excludes the contractual obligations of associates and joint ventures.
2 See note 21 “Capital and financial risk management”.
3 See note 28 “Commitments”.
4 Primarily related to spectrum and network infrastructure.
5 Primarily related to device purchase obligations.
Table:
 |  |  |  |  | Payments due by period
 |  |  |  |  | €m
Contractual obligations and commitments1 | Total | < 1 year | 1–3 years | 3–5 years | >5 years
Financial liabilities2 | 86,160 | 21,953 | 11,404 | 14,881 | 37,922
Operating lease commitments3 | 10,816 | 2,834 | 2,881 | 1,689 | 3,412
Capital commitments3,4 | 3,012 | 1,514 | 1,274 | 173 | 51
Purchase commitments5 | 8,460 | 4,091 | 2,616 | 689 | 1,064
Total | 108,448 | 30,392 | 18,175 | 17,432 | 42,449


Question: What are the total operating lease commitments?
Answer: 10,816
Provision for income taxes
We are a U.S.-based multinational company subject to tax in multiple U.S. and international tax jurisdictions. A substantial portion of our international earnings were generated from subsidiaries organized in Ireland and Singapore. Our results of operations would be adversely affected to the extent that our geographical mix of income becomes more weighted toward jurisdictions with higher tax rates and would be favorably affected to the extent the relative geographic mix shifts to lower tax jurisdictions. Any change in our mix of earnings is dependent upon many factors and is therefore difficult to predict.
The increase in our effective tax rate in fiscal 2019 compared to fiscal 2018 was primarily due to one-time benefits from the 2017 Tax Act in fiscal 2018. In addition, increases in tax expense in fiscal 2019 are attributable to the valuation allowance on capital losses for which we cannot yet recognize a tax benefit.
Table:
 | Fiscal Year | 
(In millions, except for percentages) | 2019 | 2018
Income from continuing operations before income taxes | $108 | $437
Provision for (benefit from) income taxes | $92 | $(690)
Effective tax rate on income from continuing operations | 85% | (158)%


Question: What is the average  Income from continuing operations before income taxes for fiscal 2019 and fiscal 2018?
Answer: 272.5
Calculation: (108+437)/2
Results of Operations
The following table sets forth, as a percentage of total revenues, the results from our operations for the periods indicated.
Table:
 | 2019 | 2018
Revenues | 100.0% | 100.0%
Cost of revenues | 10.6 | 11.0
Gross profit | 89.4 | 89.0
Operating expenses: |  | 
Sales and marketing | 54.2 | 52.6
Product development | 6.2 | 8.1
General and administrative | 20.5 | 20.9
Total operating expenses | 80.9 | 81.6
Income from operations | 8.5 | 7.4
Other income (loss), net | (0.5) | —
Income before income taxes | 8.0 | 7.4
Income tax expense | 4.3 | 3.2
Net income | 3.7% | 4.2%


Question: What is the average cost of revenue for 2018 and 2019 as a percentage of total revenues?
Answer: 10.8
Calculation: (10.6+11.0)/2
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
Chartered-out vessels, barges and pushboats:
The future minimum revenue, net of commissions, (i) for dry bulk vessels, expected to be earned on non-cancelable time charters; and (ii) for the Company’s logistics business, expected to be earned on non-cancelable time charters, COA’s with minimum guaranteed volumes and contracts with minimum guaranteed throughput in Navios Logistics’ ports expected to be earned on non-cancelable time charters, are as follows:
Revenues from time charters are not generally received when a vessel is off-hire, which includes time required for scheduled maintenance of the vessel.
Table:
 | Dry bulk vessels | Logistics business
2020 | 22,266 | 129,437
2021 | 4,607 | 97,544
2022 | 3,445 | 75,425
2023 | — | 69,250
2024 | — | 60,200
2025 and thereafter | — | 642,479
Total minimum revenue, net of commissions | $30,318 | $1,074,335


Question: What was the future minimum revenue for Logistics business in 2021?
Answer: 97,544
Accounts Receivable and Allowance for Doubtful Accounts
Accounts receivable consists primarily of amounts due to the Company from normal business activities. We maintain an allowance for doubtful accounts for estimated losses that result from the inability of our customers to make required payments.
The allowance for doubtful accounts is maintained based on customer payment levels, historical experience and management’s views on trends in the overall receivable agings. In addition, for larger accounts, we perform analyses of risks on a customer-specific basis. We perform ongoing credit evaluations of our customers’ financial condition and management believes that an adequate allowance for doubtful accounts has been provided.
Uncollectible accounts are removed from accounts receivable and are charged against the allowance for doubtful accounts when internal collection efforts have been unsuccessful. The following table summarizes the activity in allowance for doubtful accounts for the years ended December 31, 2019, 2018 and 2017:
Table:
 |  | Year Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
Balance at beginning of year | $4,421 | $6,667 | $2,813
Provision charged to expense | 9,347 | 8,793 | 7,072
Write-offs, less recoveries | (9,219) | (11,039) | (6,516)
Acquired allowance for doubtful accounts | — | — | 3,298
Balance at end of year | $4,549 | $4,421 | $6,667


Question: What was the Balance at beginning of year in 2019?
Answer: $4,421
Note 19 Goodwill
The following table provides details about the changes in the carrying amounts of goodwill for the years ended December 31, 2019 and 2018. BCE’s groups of CGUs correspond to our reporting segments.
Table:
 | BELL WIRELESS | BELL  WIRELINE | BELL  MEDIA | BCE
Balance at January 1, 2018 | 3,032 | 4,497 | 2,899 | 10,428
Acquisitions and other | 16 | 182 | 32 | 230
Balance at December 31, 2018 | 3,048 | 4,679 | 2,931 | 10,658
Acquisitions and other | – | (6) | 15 | 9
Balance at December 31, 2019 | 3,048 | 4,673 | 2,946 | 10,667


Question: What is the sum of acquisitions and other for Bell Wireless and Bell Wireline in 2018? 
Answer: 198
Calculation: 182+16
Item 6. Selected Financial Data
The following selected consolidated financial data set forth below was derived from our historical audited consolidated financial statements and should be read in conjunction with Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 8 – Financial Statements and Supplementary Data, and other financial data included elsewhere in this Annual Report on Form 10-K. Our historical results of operations are not indicative of our future results of operations.
(2) Fiscal 2018 and 2017 have been adjusted for our retrospective adoption of the new accounting standard Revenue from Contracts with Customers (ASC 606). Refer to Note 7 – Revenue of the Notes to Consolidated Financial Statements for details.
Table:
 | April 26, 2019 | April 27, 2018 (2) | April 28, 2017 (2) | April 29, 2016 | April 24, 2015
 |  |  |  | (In millions) | 
Cash, cash equivalents and short-term investments | $ 3,899 | $ 5,391 | $ 4,921 | $ 5,303 | $ 5,326
Working capital | $ 1,743 | $ 3,421 | $ 2,178 | $ 2,786 | $ 4,064
Total assets | $ 8,741 | $ 9,991 | $ 9,562 | $ 10,037 | $ 9,401
Total debt | $ 1,793 | $ 1,926 | $ 1,993 | $ 2,339 | $ 1,487
Total deferred revenue and financed unearned services revenue | $ 3,668 | $ 3,363 | $ 3,213 | $ 3,385 | $ 3,197
Total stockholders' equity | $ 1,090 | $ 2,276 | $ 2,949 | $ 2,881 | $ 3,414


Question: What was the percentage change in Total stockholders' equity between 2018 and 2019?
Answer: -52.11
Calculation: (1,090-2,276)/2,276
Intangible Assets
Internal software development costs of $2,526 and $12,666 were capitalized during the years ended December 31, 2019 and 2018, respectively, and are classified within software development costs as an intangible asset. Amortization expense related to the capitalized internally developed software was $7,464 and $3,832 for the years ended December 31, 2019 and 2018, respectively, and is included in cost of revenues, sales and marketing and general and administrative expenses in the accompanying Consolidated Statements of Operations and Comprehensive Loss.
Expressed in US $000's except share and per share amounts
Table:
 | December 31, 2018 |  | 
 | Cost | Accumulated amortization | Net book value
 | $ | $ | $
Acquired technology | 15,556 | 7,875 | 7,681
Software development costs | 24,963 | 9,226 | 15,737
Acquired customer relationships | 495 | 346 | 149
Purchased software | 6,973 | 4,503 | 2,470
Other intangible assets | 591 | 556 | 35
 | 48,578 | 22,506 | 26,072


Question: How much is the 2019 software development costs excluding the internal software development costs of $12,666?
Answer: 12297
Calculation: 24,963-12,666
Other (Income) Expenses
nm - not meaningful
Interest income. Interest income decreased $64,000 during fiscal 2018 as compared to fiscal 2017.
Interest expense. Interest expense consists of costs associated with capital leases and loans on corporate-owned life insurance policies.
Other (income) expense, net. Other (income) expense, net consists mainly of the impact of foreign currency due to movement of European and Asian currencies against the US dollar.
Table:
 | Year ended March 31, |  | (Unfavorable) favorable | 
(Dollars in thousands) | 2018 | 2017 | $ | %
Other (income) expenses |  |  |  | 
Interest (income) | $(98) | $(162) | $(64) | (39.5)%
Interest expense | 10 | 15 | 5 | 33.3%
Other (income) expense, net | (391) | 224 | 615 | nm
Total other (income) expense, net | $(479) | $77 | $556 | nm


Question: What is the average interest expense for 2017 and 2018?
Answer: 12.5
Calculation: (10 + 15) / 2
corporate/other corporate/other includes global staff functions ( including finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology , residual corporate treasury and corporate items . at december 31 , 2010 , this segment had approximately $ 272 billion of assets , consisting primarily of citi 2019s liquidity portfolio , including $ 87 billion of cash and deposits with banks. .

Table:
in millions of dollars | 2010 | 2009 | 2008
net interest revenue | $ 1059 | $ -1657 ( 1657 ) | $ -2671 ( 2671 )
non-interest revenue | 695 | -8898 ( 8898 ) | 413
total revenues net of interest expense | $ 1754 | $ -10555 ( 10555 ) | $ -2258 ( 2258 )
total operating expenses | $ 1953 | $ 1418 | $ 511
provisions for loan losses and for benefits and claims | 2014 | 2014 | 2014
( loss ) from continuing operations before taxes | $ -199 ( 199 ) | $ -11973 ( 11973 ) | $ -2769 ( 2769 )
benefits for income taxes | -153 ( 153 ) | -4356 ( 4356 ) | -585 ( 585 )
( loss ) from continuing operations | $ -46 ( 46 ) | $ -7617 ( 7617 ) | $ -2184 ( 2184 )
income ( loss ) from discontinued operations net of taxes | -68 ( 68 ) | -445 ( 445 ) | 4002
net income ( loss ) before attribution of noncontrolling interests | $ -114 ( 114 ) | $ -8062 ( 8062 ) | $ 1818
net ( loss ) attributable to noncontrolling interests | -48 ( 48 ) | -2 ( 2 ) | 2014
net income ( loss ) | $ -66 ( 66 ) | $ -8060 ( 8060 ) | $ 1818
2010 vs .
2009 revenues , net of interest expense increased primarily due to the absence of the loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the exit from the loss-sharing agreement with the u.s .
government , each in the fourth quarter of 2009 .
revenues also increased due to gains on sales of afs securities , benefits from lower short- term interest rates and other improved treasury results during the current year .
these increases were partially offset by the absence of the pretax gain related to citi 2019s public and private exchange offers in 2009 .
operating expenses increased primarily due to various legal and related expenses , as well as other non-compensation expenses .
2009 vs .
2008 revenues , net of interest expense declined primarily due to the pretax loss on debt extinguishment related to the repayment of tarp and the exit from the loss-sharing agreement with the u.s .
government .
revenues also declined due to the absence of the 2008 sale of citigroup global services limited recorded in operations and technology .
these declines were partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations .
operating expenses increased primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves. .

Question: what was the ratio of total operating expenses to net interest income in 2010?
Answer: 1.84
Calculation: divide(1953, 1059)
CTS CORPORATION AND SUBSIDIARIES Consolidated Statements of Comprehensive Earnings (in thousands)
The accompanying notes are an integral part of the consolidated financial statements.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Net earnings | $36,146 | $46,532 | $14,448
Other comprehensive earnings (loss): |  |  | 
Changes in fair market value of derivatives, net of tax | (509) | 795 | 110
Changes in unrealized pension cost, net of tax | 6,439 | (1,830) | 13,687
Cumulative translation adjustment, net of tax | 83 | (311) | 437
Other comprehensive earnings (loss) | $6,013 | $(1,346) | $14,234
Comprehensive earnings | $42,159 | $45,186 | $28,682


Question: Which years does the table provide information for the company's Consolidated Statements of Comprehensive Earnings?
Answer: 2019, 2018, 2017
EBITDA and EBITDA Margin
The following tables set forth EBITDA (in millions) and EBITDA Margin by segment for the periods presented:
Software Solutions
EBITDA was $567.2 million in 2018 compared to $516.5 million in 2017, an increase of $50.7 million, or 10%, with an EBITDA Margin of 59.0%, an increase of 190 basis points from the prior year. The increase was primarily driven by incremental margins on revenue growth.
Data and Analytics
EBITDA was $39.5 million in 2018 compared to $38.4 million in 2017, an increase of $1.1 million, or 3%, with an EBITDA Margin of 25.6%, an increase of 30 basis points from the prior year. The EBITDA Margin increase was primarily driven by incremental margins on revenue growth.
Table:
 | Year ended December 31, |  | Variance | 
 | 2018 | 2017 | $ | %
Software Solutions | $567.2 | $516.5 | $50.7 | 10%
Data and Analytics | 39.5 | 38.4 | 1.1 | 3%


Question: Which years does the table provide information for the EBITDA by segment?
Answer: 2018, 2017