trismik/FinRAG huggingface dataset:
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 19: SEGMENT INFORMATION
The Company through August 30, 2019 had three reportable segments from which it derived its revenues: Dry Bulk Vessel Operations, Logistics Business and Containers Business. The Containers Business became a reportable segment as a result of the consolidation of Navios Containers since November 30, 2018 (date of obtaining control) (see also Note 3). Following the reclassification of the results of Navios Containers as discontinued operations (see also Note 3), the Company currently has two reportable segments from which it derives its revenues: Dry Bulk Vessel Operations and Logistics. The reportable segments reflect the internal organization of the Company and are strategic businesses that offer different products and services. The Dry Bulk Vessel Operations consists of the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels. The Logistics Business consists of operating ports and transfer station terminals, handling of vessels, barges and pushboats as well as upriver transport facilities in the Hidrovia region.
The Company measures segment performance based on net income/ (loss) attributable to Navios Holdings common stockholders. Inter-segment sales and transfers are not significant and have been eliminated and are not included in the following tables. Summarized financial information concerning each of the Company’s reportable segments is as follows:

Dry Bulk Vessel Operations for the Year Ended December 31, 2019
Logistics Business for the Year Ended December 31, 2019
Total for the Year Ended December 31, 2019
Revenue
$254,178
$228,271
$482,449
Administrative fee revenue from affiliates
16,991
—
16,991
Interest income
9,610
1,052
10,662
Interest expense and finance cost
(92,948)
(40,531)
(133,479)
Depreciation and amortization
(52,288)
(29,435)
(81,723)
Equity in net (losses)/earnings of affiliated companies
(9,185)
—
(9,185)
Net (loss)/ income attributable to Navios Holdings common
stockholders
(212,623)
20,513
(192,110)
Total assets
1,511,517
631,338
2,142,855
Goodwill
56,240
104,096
160,336
Capital expenditures
(36,628)
(7,943)
(44,571)
Investment in affiliates
64,352
—
64,352
Cash and cash equivalents
32,386
45,605
77,991
Restricted cash
736
—
736
Long-term debt, net (including current and noncurrent portion)
$1,048,318
$514,929
1,563,247


Question: Analyse this data from a financial earnings document. What was the difference in total goodwill and total investment in affiliates?
Choices:
-73537
-64333
212624
104096
95984
Correct choice index: 4
A summary of the option activity as of May 26, 2019 and changes during the fiscal year then ended is presented below:
We recognize compensation expense using the straight-line method over the requisite service period, accounting for forfeitures as they occur. During fiscal 2017, we granted 1.1 million stock options with a weighted average grant date fair value of $6.12 per share. The total intrinsic value of stock options exercised was $7.9 million, $15.8 million, and $29.8 million for fiscal 2019, 2018, and 2017, respectively. The closing market price of our common stock on the last trading day of fiscal 2019 was $28.83 per share.
Compensation expense for stock option awards totaled $2.2 million, $4.2 million, and $6.2 million for fiscal 2019, 2018, and 2017, respectively, including discontinued operations of $0.2 million for fiscal 2017. Included in the compensation expense for stock option awards for fiscal 2019, 2018, and 2017 was $0.2 million, $0.4 million, and $0.9 million, respectively, related to stock options granted by a subsidiary in the subsidiary's shares to the subsidiary's employees. The tax benefit related to the stock option expense for fiscal 2019, 2018, and 2017 was $0.5 million, $1.4 million, and $2.4 million, respectively.
At May 26, 2019, we had $0.2 million of total unrecognized compensation expense related to stock options that will be recognized over a weighted average period of 0.1 years.
Cash received from stock option exercises for fiscal 2019, 2018, and 2017 was $12.4 million, $25.1 million, and $84.4 million, respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $2.3 million, $5.3 million, and $19.5 million for fiscal 2019, 2018, and 2017, respectively.

Options
Number of Options (in Millions)
Weighted Average Exercise Price
Average Remaining Contractual Term (Years)
Aggregate Intrinsic Value (in Millions)
Outstanding at May 27, 2018
5.1
$28.11
Exercised
(0.6)
$20.75
$7.9
Expired
(0.1)
$29.84
Outstanding at May 26, 2019
4.4
$29.00
5.47
$9.9
Exercisable at May 26, 2019
4.1
$28.38
5.32
$9.9


Question: Analyse this data from a financial earnings document. What is the proportion of exercisable options over outstanding options as of May 26, 2019?
Choices:
0.14
931818.18
0.93
-0.93
-41
Correct choice index: 2
Dividend Policy
Our policy is to declare quarterly dividends to shareholders as decided by the Board of Directors. The dividend to shareholders could be higher than the operating cash flow or the dividend to shareholders could be lower than the operating cash flow after reserves as the Board of Directors may from time to time determine are required, taking into account contingent liabilities, the terms of our borrowing agreements, our other cash needs and the requirements of Bermuda law.
Total dividends distributed in 2019 totaled $14.3 million or $0.10 per share. The quarterly dividend payments per share over the last 5 years have been as follows:
* Includes $0.05 per share distributed as dividend-in-kind.
The Company declared a dividend of $0.07 per share in respect of the fourth quarter of 2019, which was paid to shareholders on March 16, 2020.

Period 
2019
2018
2017
2016
2015
1st Quarter 
$0.04
$0.03
$0.20
$0.43
$0.22
2nd Quarter 
$0.03
$0.01
$0.20
$0.43
$0.38
3rd Quarter 
$0.01
$0.02
$0.15* 
$0.25
$0.40
4th Quarter 
$0.02
$0.01
$0.03
$0.26
$0.38
Total
$0.10
$0.07
$0.58
$1.37
$1.38


Question: Analyse this data from a financial earnings document. What is the average quarterly dividend payments per share in the first quarter of 2018 and 2019?
Choices:
0.04
0
0.02
28.57
0.07
Correct choice index: 0
* Recast to reflect segment changes.
Global Technology Services revenue decreased 0.2 percent as reported (1 percent adjusted for currency) in 2018 compared to the prior year, with Infrastructure & Cloud Services up 0.8 percent as reported (flat adjusted for currency) offset by a decline in Technology Support Services.
In Infrastructure & Cloud Services, the business focused on prioritizing the portfolio to deliver high-value solutions to bring productivity to clients and allow for expanding workloads, while it exited some lower-value offerings. Technology Support Services was impacted by the hardware product cycle dynamics in 2018 but grew its multivendor services offerings. Within GTS, cloud revenue of $8.0 billion grew 22 percent as reported and 21 percent adjusted for currency compared to the prior year.

($ in millions)
For the year ended December 31:
2018
2017
Yr.-to-Yr. Percent Change
Yr.-to-Yr. Percent Change Adjusted for Currency
Global Technology Services external revenue
$29,146 *
$29,213 *
(0.2)%
(0.8)%
Infrastructure & Cloud Services
$22,185*
$22,016*
0.8%
0.0%
Technology Support Services
6,961
7,196
(3.3)
(3.5)


Question: Analyse this data from a financial earnings document. What is the average of Global Technology Services external revenue for the year 2018 and 2017
Choices:
1
14573.4
-29179.5
29179.5
2652.7
Correct choice index: 3
jpmorgan chase & co./2014 annual report 63 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .
( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .
the s&p 500 index is a commonly referenced u.s .
equity benchmark consisting of leading companies from different economic sectors .
the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .
and is composed of 24 leading national money center and regional banks and thrifts .
the s&p financial index is an index of 85 financial companies , all of which are components of the s&p 500 .
the firm is a component of all three industry indices .
the following table and graph assume simultaneous investments of $ 100 on december 31 , 2009 , in jpmorgan chase common stock and in each of the above indices .
the comparison assumes that all dividends are reinvested .
december 31 , ( in dollars ) 2009 2010 2011 2012 2013 2014 .

December 31,(in dollars)
2009
2010
2011
2012
2013
2014
JPMorgan Chase
$100.00
$102.30
$81.87
$111.49
$152.42
$167.48
KBW Bank Index
100.00
123.36
94.75
125.91
173.45
189.69
S&P Financial Index
100.00
112.13
93.00
119.73
162.34
186.98
S&P 500 Index
100.00
115.06
117.48
136.27
180.39
205.07

.

Question: Analyse this data from a financial earnings document. what is the total return of the kbw bank index over the above refernced five year period?
Choices:
1.0507
1.115
8969
0.8969
0.4728
Correct choice index: 3
The following table summarizes information regarding restricted shares/RSUs granted and vested (in thousands, except per restricted share/RSU amounts):
As of December 31, 2019, based on the probability of achieving the performance goals, there was $6.1 million of total unrecognized compensation cost, net of actual forfeitures, related to nonvested restricted shares/RSUs. Of the unrecognized compensation cost, 33% related to performance-based nonvested restricted shares/RSUs and 67% related to employment-based nonvested restricted shares/RSUs. This cost is expected to be recognized over a weighted average period of 2.0 years.

Years Ended December 31,
2019
2018
2017
Number of restricted shares/ RSUs granted
508
492
480
Weighted average grant-date fair value per restricted share/RSU
$28.43
$28.16
$29.42
Fair value of restricted shares/RSUs vested
$3,647
$8,342
$6,868


Question: Analyse this data from a financial earnings document. What was the change in Number of restricted shares/ RSUs granted in 2019 from 2018?
Choices:
16
1000
502
28
249936
Correct choice index: 0
Sales-Type Leases
We are the lessor in sales-type lease arrangements for network equipment, which have initial terms of up to five years. Our sales-type lease arrangements contain either a provision whereby the network equipment reverts back to us upon the expiration of the lease or a provision that allows the lessee to purchase the network equipment at a bargain purchase amount at the end of the lease. In addition, our sales-type lease arrangements do not contain any residual value guarantees or material restrictive covenants. The allocation of the consideration between lease and nonlease components is determined by stand-alone selling price by component. The net investment in sales-type leases consists of lease receivables less unearned income. Collectability of sales-type leases is evaluated periodically at an individual customer level. The Company has elected to exclude taxes related to sales-type leases from revenue and the associated expense of such taxes. As of December 31, 2019 and 2018, we did not have an allowance for credit losses for our net investment in sales-type leases. As of December 31, 2019 and 2018, the components of the net investment in sales-type leases were as follows:
(1) Included in other receivables on the Consolidated Balance Sheet.
(2) Included in other assets on the Consolidated Balance Sheet.

(In thousands)
December 31, 2019
December 31, 2018
Current minimum lease payments receivable(1)
$1,201
$11,339
Non-current minimum lease payments receivable(2)
889
1,670
Total minimum lease payments receivable
2,090
13,009
Less: Current unearned revenue(1)
365
631
Less: Non-current unearned revenue(2)
163
473
Net investment in sales-type leases
$1,562
$11,905


Question: Analyse this data from a financial earnings document. What was the change in Non-current minimum lease payments receivable between 2018 and 2019?
Choices:
-781000000
1484630
-781
-1672
258
Correct choice index: 2
Liquidity
The following table presents selected financial information on liquidity (in thousands):
(1) We define working capital as current assets less current liabilities. Fiscal year 2019 includes the impact of recognizing operating lease right-of-use assets and liabilities as a result of our adoption of Accounting Standards Codification Topic 842, “Leases,” as of December 29, 2018.
We believe our existing balances of cash and cash equivalents, working capital and the availability under our asset-based loan facility, are sufficient to satisfy our working capital needs, capital expenditures, debt service and other liquidity requirements associated with our current operations over the next 12 months.
Our capital expenditures, excluding cash paid for acquisitions, were approximately $16.1 million for fiscal 2019. We believe our capital expenditures, excluding cash paid for acquisitions, for fiscal 2020 will be approximately $38.0 million to $42.0 million. The increase in projected capital expenditures in fiscal 2020 as compared to fiscal 2019 is the result of planned expansions of several of our distribution facilities. Our planned capital projects will provide both new and expanded facilities and improvements to our technology that we believe will produce increased efficiency and the capacity to continue to support the growth of our customer base.

Fiscal Year Ended
December 27, 2019 
December 28, 2018 
December 29, 2017
Cash and cash equivalents
$140,233
$42,410
$41,504
Working capital,(1) excluding cash and cash equivalents
$162,772
$160,783
$147,063
Availability under asset-based loan facility
$133,359
$90,015
$64,805


Question: Analyse this data from a financial earnings document. What is the average value for the Availability under asset-based loan facility for fiscal years 2019, 2018 and 2017?
Choices:
148916
128052.33
87656.33
96059.67
223374
Correct choice index: 3
Global Financing Financial Position Key Metrics
(1) Includes deferred initial direct costs which are eliminated in
IBM’s consolidated results.
(2) Includes intercompany mark-up, priced on an arm’s-length basis, on products purchased from the company’s product divisions which is eliminated in IBM’s consolidated results.
(3) Entire amount eliminated for purposes of IBM’s consolidated results and therefore does not appear in the Consolidated Balance Sheet.
(4) These assets, along with all other financing assets in this table, are
leveraged at the value in the table using Global Financing debt.
At December 31, 2019, substantially all financing assets were IT-related assets, and approximately 62 percent of the total external portfolio was with investment-grade clients with no direct exposure to consumers, an increase of 7 points year to year. This investment-grade percentage is based on the credit ratings of the companies in the portfolio.
We have a long-standing practice of taking mitigation actions, in certain circumstances, to transfer credit risk to third parties, including credit insurance, financial guarantees, nonrecourse borrowings, transfers of receivables recorded as true sales in
accordance with accounting guidance or sales of equipment under operating lease. Adjusting for the mitigation actions, the investment-grade content would increase to 67 percent, a decrease of 3 points year to year.

($ in millions)
At December 31:
2019
2018
Cash and cash equivalents
$ 1,697
$ 1,833
Net investment in sales-type and direct financing leases (1)
6,224
6,924
Equipment under operating leases— external clients (2)
238
444
Client loans
12,884
12,802
Total client financing assets
19,346
20,170
Commercial financing receivables
3,820
11,838
Intercompany financing receivables (3) (4)
3,870
4,873
Total assets
$29,568
$41,320
Debt
24,727
31,227
Total equity
$ 2,749
$ 3,470


Question: Analyse this data from a financial earnings document. What is the average of Equipment under operating leases— external clients?
Choices:
0
12586
-103
227
341
Correct choice index: 4
Statements of Cash Flows
The following table summarizes our cash flow related activities (in thousands):

Years Ended December 31,
2019
2018
2017
Cash (used in) provided by:
Operating activities
$(426)
$(2,694)
$14,314
Investing activities
(251)
(6,876)
(5,142)
Financing activities
5,798
3,624
8,420
Net increase (decrease) in cash and cash equivalents
$5,121
$(5,946)
$17,592


Question: Analyse this data from a financial earnings document. What is the total cash provided by all cash flow related activities between 2017 to 2019?
Choices:
16767000000
16767
-18417
31133
13489
Correct choice index: 1
GAAP Results of Operations
Key Performance Indicators* (in millions):
* excludes discontinued operations (See Note 5 of Notes to Consolidated Financial Statements).
** excludes special charges, net (See Note 5 of Notes to Consolidated Financial Statements).
1 Includes $20.0 million of income tax benefits primarily related to the reversal of valuation allowances against the Company's deferred tax assets and the
impacts of U.S. tax reform enacted in Q4 of 2017.

Years Ended December 31,
Change
2019
2018
2017
2019 vs 2018
2018 vs 2017
Net sales of continuing operations
Consolidated net sales
$946.9
$896.9
$791.8
5.6%
13.3%
Consolidated gross profits
$325.7
$307.7
$273.2
5.8%
12.6%
Consolidated gross margin
34.4%
34.3%
34.5%
0.1%
(0.2)%
Consolidated SD&A costs **
$260.4
$245.2
$227.2
6.2%
7.9%
Consolidated SD&A costs ** as % of sales
27.5%
27.3%
28.7%
0.2%
(1.4)%
Consolidated operating income
$66.1
$61.7
$45.7
7.1%
35.0%
Consolidated operating margin from continuing operations
7.0%
6.9%
5.8%
0.1%
1.1%
Effective income tax rate
24.4%
21.3%
(44.0)%
3.1%
65.3%
Net income from continuing operations
$50.0
$49.5
65.5 (1)
1.0%
(24.4)%
Net margin from continuing operations
5.3%
5.5%
8.3%
(0.2)%
(2.8)%
Income (loss) from discontinued operations, net of tax $
$(1.5)
$175.2
$(25.1)
(100.9)%
798.0%


Question: Analyse this data from a financial earnings document. What is the total consolidated net sales in 2019 and 2018?
Choices:
1843.8
1893.8
50
1793.8
897.2
Correct choice index: 0
at december 31 , 2012 and 2011 , we had a working capital surplus .
this reflects a strong cash position , which provides enhanced liquidity in an uncertain economic environment .
in addition , we believe we have adequate access to capital markets to meet any foreseeable cash requirements , and we have sufficient financial capacity to satisfy our current liabilities .
cash flows millions 2012 2011 2010 .

<i>Cash Flows</i><i>Millions</i>
<i>2012</i>
<i>2011</i>
<i>2010</i>
Cash provided by operating activities
$6,161
$5,873
$4,105
Cash used in investing activities
(3,633)
(3,119)
(2,488)
Cash used in financing activities
(2,682)
(2,623)
(2,381)
Net change in cash and cashequivalents
$(154)
$131
$(764)

operating activities higher net income in 2012 increased cash provided by operating activities compared to 2011 , partially offset by lower tax benefits from bonus depreciation ( as explained below ) and payments for past wages based on national labor negotiations settled earlier this year .
higher net income and lower cash income tax payments in 2011 increased cash provided by operating activities compared to 2010 .
the tax relief , unemployment insurance reauthorization , and job creation act of 2010 provided for 100% ( 100 % ) bonus depreciation for qualified investments made during 2011 , and 50% ( 50 % ) bonus depreciation for qualified investments made during 2012 .
as a result of the act , the company deferred a substantial portion of its 2011 income tax expense .
this deferral decreased 2011 income tax payments , thereby contributing to the positive operating cash flow .
in future years , however , additional cash will be used to pay income taxes that were previously deferred .
in addition , the adoption of a new accounting standard in january of 2010 changed the accounting treatment for our receivables securitization facility from a sale of undivided interests ( recorded as an operating activity ) to a secured borrowing ( recorded as a financing activity ) , which decreased cash provided by operating activities by $ 400 million in 2010 .
investing activities higher capital investments in 2012 drove the increase in cash used in investing activities compared to 2011 .
included in capital investments in 2012 was $ 75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012 , which we exercised due to favorable economic terms and market conditions .
higher capital investments partially offset by higher proceeds from asset sales in 2011 drove the increase in cash used in investing activities compared to 2010. .

Question: Analyse this data from a financial earnings document. what was the change in millions of cash provided by operating activities from 2011 to 2012?
Choices:
-5473
0
2.9
21.4
288.0
Correct choice index: 4
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Interest and penalty charges, if any, related to uncertain tax positions are classified as income tax expense in the accompanying consolidated statements of operations. As of March 31, 2019 and 2018, the Company had immaterial accrued interest or penalties related to uncertain tax positions.
The Company is subject to taxation in the United Kingdom and several foreign jurisdictions. As of March 31, 2019, the Company is no longer subject to examination by taxing authorities in the United Kingdom for years prior to March 31, 2017. The significant foreign jurisdictions in which the Company operates are no longer subject to examination by taxing authorities for years prior to March 31, 2016. In addition, net operating loss carryforwards in certain jurisdictions may be subject to adjustments by taxing authorities in future years when they are utilized.
The Company had approximately $24.9 million of unremitted foreign earnings as of March 31, 2019. Income taxes have been provided on approximately $10.0 million of the unremitted foreign earnings. Income taxes have not been provided on approximately $14.9 million of unremitted foreign earnings because they are considered to be indefinitely reinvested. The tax payable on the earnings that are indefinitely reinvested would be immaterial.

Year ended March 31,
2019
2018
Beginning balance
$6,164
$4,931
Additions based on tax positions related to current year
164
142
Additions for tax positions of prior years
231
1,444
Reductions due to change in foreign exchange rate  
(301)
(353)
Expiration of statutes of limitation
(165)
—
Reductions due to settlements with tax authorities
(77)
—
Ending balance
$6,016
$6,164


Question: Analyse this data from a financial earnings document. What was the average Additions for tax positions of prior years for 2018 and 2019?
Choices:
8.4
231
837.5
1675
3187.5
Correct choice index: 2