trismik/FinRAG huggingface dataset:
"three factor formula" ) .
the consolidated financial statements include northrop grumman management and support services allocations totaling $ 32 million for the year ended december 31 , 2011 .
shared services and infrastructure costs - this category includes costs for functions such as information technology support , systems maintenance , telecommunications , procurement and other shared services while hii was a subsidiary of northrop grumman .
these costs were generally allocated to the company using the three factor formula or based on usage .
the consolidated financial statements reflect shared services and infrastructure costs allocations totaling $ 80 million for the year ended december 31 , 2011 .
northrop grumman-provided benefits - this category includes costs for group medical , dental and vision insurance , 401 ( k ) savings plan , pension and postretirement benefits , incentive compensation and other benefits .
these costs were generally allocated to the company based on specific identification of the benefits provided to company employees participating in these benefit plans .
the consolidated financial statements include northrop grumman- provided benefits allocations totaling $ 169 million for the year ended december 31 , 2011 .
management believes that the methods of allocating these costs are reasonable , consistent with past practices , and in conformity with cost allocation requirements of cas or the far .
related party sales and cost of sales prior to the spin-off , hii purchased and sold certain products and services from and to other northrop grumman entities .
purchases of products and services from these affiliated entities , which were recorded at cost , were $ 44 million for the year ended december 31 , 2011 .
sales of products and services to these entities were $ 1 million for the year ended december 31 , 2011 .
former parent's equity in unit transactions between hii and northrop grumman prior to the spin-off have been included in the consolidated financial statements and were effectively settled for cash at the time the transaction was recorded .
the net effect of the settlement of these transactions is reflected as former parent's equity in unit in the consolidated statement of changes in equity .
21 .
unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2013 and 2012 , are set forth in the following tables: .

Year Ended December 31, 2013
($ in millions, except per share amounts)
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Sales and service revenues
$1,562
$1,683
$1,637
$1,938
Operating income (loss)
95
116
127
174
Earnings (loss) before income taxes
65
87
99
143
Net earnings (loss)
44
57
69
91
Dividends declared per share
$0.10
$0.10
$0.10
$0.20
Basic earnings (loss) per share
$0.88
$1.14
$1.38
$1.86
Diluted earnings (loss) per share
$0.87
$1.12
$1.36
$1.82

.

Question: Analyse this data from a financial earnings document. for the year ended december 31 2013 , what was the net margin for the 2nd qtr
Choices:
0.07086
1
0.06892
0.07426
68.92454
Correct choice index: 2
at december 31 , 2013 , the aggregate amount of investment grade funded loans was $ 6.5 billion and the aggregate amount of non-investment grade funded loans was $ 7.9 billion .
in connection with these corporate lending activities ( which include corporate funded and unfunded lending commitments ) , the company had hedges ( which include 201csingle name , 201d 201csector 201d and 201cindex 201d hedges ) with a notional amount of $ 9.0 billion related to the total corporate lending exposure of $ 93.0 billion at december 31 , 2013 .
201cevent-driven 201d loans and lending commitments at december 31 , 2013 .
included in the total corporate lending exposure amounts in the table above at december 31 , 2013 were 201cevent- driven 201d exposures of $ 9.5 billion composed of funded loans of $ 2.0 billion and lending commitments of $ 7.5 billion .
included in the 201cevent-driven 201d exposure at december 31 , 2013 were $ 7.3 billion of loans and lending commitments to non-investment grade borrowers .
the maturity profile of the 201cevent-driven 201d loans and lending commitments at december 31 , 2013 was as follows : 33% ( 33 % ) will mature in less than 1 year , 17% ( 17 % ) will mature within 1 to 3 years , 32% ( 32 % ) will mature within 3 to 5 years and 18% ( 18 % ) will mature in over 5 years .
industry exposure 2014corporate lending .
the company also monitors its credit exposure to individual industries for credit exposure arising from corporate loans and lending commitments as discussed above .
the following table shows the company 2019s credit exposure from its primary corporate loans and lending commitments by industry at december 31 , 2013 : industry corporate lending exposure ( dollars in millions ) .

Industry
Corporate Lending Exposure  (dollars in millions)
Energy
$12,240
Utilities
10,410
Healthcare
10,095
Consumer discretionary
9,981
Industrials
9,514
Funds, exchanges and other financial services(1)
7,190
Consumer staples
6,788
Information technology
6,526
Telecommunications services
5,658
Materials
4,867
Real Estate
4,171
Other
5,593
Total
$93,033

( 1 ) includes mutual funds , pension funds , private equity and real estate funds , exchanges and clearinghouses and diversified financial services .
institutional securities other lending activities .
in addition to the primary corporate lending activity described above , the institutional securities business segment engages in other lending activity .
these loans primarily include corporate loans purchased in the secondary market , commercial and residential mortgage loans , asset-backed loans and financing extended to institutional clients .
at december 31 , 2013 , approximately 99.6% ( 99.6 % ) of institutional securities other lending activities held for investment were current ; less than 0.4% ( 0.4 % ) were on non- accrual status because the loans were past due for a period of 90 days or more or payment of principal or interest was in doubt. .

Question: Analyse this data from a financial earnings document. consumer related loans make up how much of the companies total corporate lending exposure?
Choices:
1
16769
0.18025
0.13308
0.03432
Correct choice index: 2
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
The Company entered into new lease liabilities amounting to $47,064 during the year ended December 31, 2019.
The table below provides the total amount of lease payments on an undiscounted basis on our chartered-in contracts, office lease agreements and land lease agreements as of December 31, 2019:
As of December 31, 2019, the weighted average remaining lease terms on our charter-in contracts, office lease agreements and land leases are 4.5 years, 1.9 years and 46.3 years, respectively.

Charter-in vessels in operation
Land Leases
Office space
December 31, 2020
$109,574
$556
$753
December 31, 2021
85,399
556
356
December 31, 2022
57,282
556
101
December 31, 2023
47,603
556
81
December 31, 2024
34,025
556
—
December 31, 2025 and thereafter
33,481
23,002
—
Total
$367,364
$25,782
$1,291
Operating lease liabilities, including current portion
$304,568
$7,660
$1,204
Discount based on incremental borrowing rate
$62,796
$18,122
$87


Question: Analyse this data from a financial earnings document. What was the difference in the Discount based on incremental borrowing rate between Charter-in vessels in operation and Land Leases?
Choices:
2
-18035
-17566
44674
3
Correct choice index: 3
12. INCOME TAXES
On December 22, 2017, the Tax Cuts and Jobs Act (“Tax Act”) was signed into law in the U.S. The Tax Act significantly revised the future ongoing U.S. corporate income tax by, among other things, lowering the U.S. corporate income tax rate to 21% from 35%, providing full expensing for investments in new and used qualified property made after September 27, 2017, and implementing a territorial tax system. In connection with the transition to the new territorial tax system, a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries was imposed for fiscal 2018 (the “Transitional Repatriation Tax”), for which an election can be made to pay over eight years. In addition, the Tax Act included two new U.S. tax base erosion provisions, the Global Intangible Low-Taxed Income (“GILTI”) provisions and the Base- Erosion and Anti-Abuse Tax (“BEAT”) provisions, which became effective for the Company during fiscal 2019. The GILTI provisions generally result in inclusion of income earned by foreign subsidiaries in the U.S. taxable income.
In response to the Tax Act, the SEC issued Staff Accounting Bulletin No. 118 which allowed companies to recognize provisional estimates in the preparation of a Company’s financial statements and permitted up to a one year measurement period after the enactment date of the Tax Act to finalize the recording of the related tax impacts.
During fiscal 2018, the Company recorded a net provisional tax expense of $77.3 million for the estimated effects of the Tax Act. This was comprised of a provisional Transitional Repatriation Tax expense of $116.4 million, offset by a provisional deferred tax benefit of $39.1 million from the remeasurement of U.S. deferred tax assets and liabilities. The Company completed its analysis of the impact of the Tax Act during the third quarter of fiscal 2019, and during the first three quarters of fiscal 2019 recorded a net discrete income tax benefit adjustment of $17.0 million to the prior year provisional estimates, comprised of a $1.9 million reduction to the provisional Transitional Repatriation Tax and a $15.1 million increase in U.S. deferred tax assets.
The GILTI provisions became effective for the Company in fiscal 2019 and resulted in a net $30.4 million tax expense, consisting of a $70.8 million expense related to the inclusion of unremitted foreign earnings offset by a $40.4 million tax benefit from additional foreign tax credits. The Company has made an accounting policy decision under U.S. GAAP to treat taxes due on future GILTI inclusions in U.S. taxable income as a current-period expense (the “period cost method”).
Income (loss) before income taxes consists of the following components (in thousands):

Fiscal Year
2019
2018
2017
United States
$(297,975)
$(151,083)
$2,439
Foreign
389,767
168,228
24,866
Total
$91,792
$17,145
$27,305


Question: Analyse this data from a financial earnings document. What is the company's average foreign income before taxes in 2018 and 2019?
Choices:
-278997.5
1.4
278997.5
557995
430080.5
Correct choice index: 2
Deferred income taxes reflect the net tax effects of temporary differences between the bases of assets and liabilities for financial reporting and income tax purposes as well as carryforwards. Deferred tax assets and liabilities consist of the following:
We assess positive and negative evidence for each jurisdiction to determine whether it is more likely than not that existing deferred tax assets will be realized. As of August 29, 2019, and August 30, 2018, we had a valuation allowance of $277 million and $228 million, respectively, against our net deferred tax assets, primarily related to net operating loss carryforwards in Japan. Changes in 2019 in the valuation allowance were due to adjustments based on management's assessment of tax credits and net operating losses that are more likely than not to be realized.

As of
2019
2018
Deferred tax assets
Net operating loss and tax credit carryforwards
$1,045
$1,417
Accrued salaries, wages, and benefits
122
163
Property, plant, and equipment
80
—
Other
110
115
Gross deferred tax assets
1,357
1,695
Less valuation allowance
(277)
(228)
Deferred tax assets, net of valuation allowance
1,080
1,467
Deferred tax liabilities
Product and process technology
(138)
(62)
Property, plant, and equipment
—
(173)
Other
(109)
(213)
Deferred tax liabilities
(247)
(448)
Net deferred tax assets
$833
$1,019
Reported as
Deferred tax assets
$837
$1,022
Deferred tax liabilities (included in other noncurrent liabilities)
(4)
(3)
Net deferred tax assets
$833
$1,019


Question: Analyse this data from a financial earnings document. What is the ratio of the amount of net deferred tax liabilities in 2018 over 2019?
Choices:
0.7
-5.81
-3.37
-4.14
1.81
Correct choice index: 4
Research and development expenses consist primarily of payroll and payroll-related benefits expenses, contracted research and development expenses, and facility costs. Research and development assists with organic growth and improves product stability and functionality, and accordingly, we dedicate extensive efforts to update and upgrade our product offerings. The primary driver is typically budgeted software upgrades and software development.
Research and development expenses decreased by $1.1 million during the year ended June 30, 2019 as compared to the prior fiscal year. This was primarily due to a reduction in contract labour and consulting of $6.8 million and a reduction in the use of facility and related expenses of $4.8 million, partially offset by an increase in payroll and payroll-related benefits of $12.6 million. The increase in payroll and payroll-related benefits was driven primarily by increased headcount from recent acquisitions. Overall, our research and development expenses, as a percentage of total revenues, remained stable at approximately 11% compared to prior fiscal year.
Our research and development labour resources increased by 336 employees, from 3,331 employees at June 30, 2018 to 3,667 employees at June 30, 2019.

Change between Fiscal increase (decrease)
(In thousands)
2019 and 2018
2018 and 2017
Payroll and payroll-related benefits
$12,629
$39,119
Contract labour and consulting
(6,791)
(3,899)
Share-based compensation
(385)
(1,490)
Travel and communication
(588)
(343)
Facilities
(4,775)
7,834
Other miscellaneous
(1,163)
473
Total change in research and development expenses
$(1,073)
$41,694


Question: Analyse this data from a financial earnings document. What is the Total change in research and development expenses from 2017 to 2019?
Choices:
40621
-40621
41693
42767
41687
Correct choice index: 0
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (excluding interest and penalties):
Included in the balance of unrecognized tax benefits as of December 31, 2019 and 2018 are $2,495 and $220, respectively, of tax benefits that, if recognized would affect the effective tax rate.
The Company records interest and penalties on unrecognized tax benefits in its provision for income taxes. Accrued interest and penalties are included within the related liability for unrecognized tax benefit line on the consolidated balance sheets. During the years ended December 31, 2019 and 2018, the Company accrued interest of $114 and $0, respectively, and recorded liabilities for interest and penalties of $252 and $0, respectively.
After taking into consideration tax attributes, such as net operating loss carryforwards and interest, the Company’s unrecognized tax benefits represent a noncurrent reserve for uncertain tax positions of $864 and $220 as of December 31, 2019 and 2018, respectively.
The U.S. Internal Revenue Service completed exams on the Company's U.S. federal income tax returns for years 2012 - 2015. With few exceptions, the Company is no longer subject to state and local income tax examinations by tax authorities for years before 2015. The Company conducts business and files income tax returns in numerous states. Currently, one of the Company's state tax returns is under examination by a state as part of routine audits conducted in the ordinary course of business.
The future utilization of state net operating losses could potentially subject the Company to state examinations prior to the otherwise applicable statute of limitation. States vary in carryforward periods but generally extend up to 20 years or a period consistent with the federal limits under the Tax Cuts and Jobs Act.

Years Ended December 31,
2019
2018
Balance of unrecognized tax benefits as of January 1,
$1,226
$37,240
Increases for positions taken in prior years
1,353
657
Rate change
(84)
—
Amount of decreases related to settlements
—
(36,671)
Balance of unrecognized tax benefits as of December 31,
$2,495
$1,226


Question: Analyse this data from a financial earnings document. What is the average Balance of unrecognized tax benefits as of January 1, for Years Ended December 31, 2018 to 2019?
Choices:
175
18620
38466
19233
1860
Correct choice index: 3
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .
this performance graph and the related textual information are based on historical data and are not indicative of future performance .
the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2007 and ending december 31 , 2012 .
our peer group consists of the following ten companies : alon usa energy , inc. ; bp plc ( bp ) ; cvr energy , inc. ; hess corporation ; hollyfrontier corporation ; marathon petroleum corporation ; phillips 66 ( psx ) ; royal dutch shell plc ( rds ) ; tesoro corporation ; and western refining , inc .
our peer group previously included chevron corporation ( cvx ) and exxon mobil corporation ( xom ) but they were replaced with bp , psx , and rds .
in 2012 , psx became an independent downstream energy company and was added to our peer group .
cvx and xom were replaced with bp and rds as they were viewed as having operations that more closely aligned with our core businesses .
comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group .

12/2007
12/2008
12/2009
12/2010
12/2011
12/2012
Valero Common Stock
$100.00
$31.45
$25.09
$35.01
$32.26
$53.61
S&P 500
100.00
63.00
79.67
91.67
93.61
108.59
Old Peer Group
100.00
80.98
76.54
88.41
104.33
111.11
New Peer Group
100.00
66.27
86.87
72.84
74.70
76.89

____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2007 .
201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2007 through december 31 , 2012. .

Question: Analyse this data from a financial earnings document. what was the percentage growth of the s&p 500 common stock from 2007 to 2012
Choices:
8.59
-0.37
0.7158
0.0859
-0.0859
Correct choice index: 3
Additional sources of cash available to us were international currency lines of credit and bank credit facilities totaling $26.0 million as of September 28, 2019, of which $20.8 million was unused and available. These unsecured international credit facilities were used in Europe and Japan during fiscal 2018. As of September 28, 2019, we had utilized $5.2 million of the international credit facilities as guarantees in Europe.
Our ratio of current assets to current liabilities increased to 4.6:1 at September 28, 2019 compared to 3.3:1 at September 29, 2018. The increase in our ratio was primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories. Our cash and cash equivalents, short-term investments and working capital are as follows (in thousands):

Fiscal
2019
2018
Cash and cash equivalents
$305,833
$310,495
Short-term investments
120
120
Working capital
854,507
865,664


Question: Analyse this data from a financial earnings document. What was the change in Short-term investments in 2019 from 2018?
Choices:
91
-117
0
-865544
-99
Correct choice index: 2
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a) 1. Financial Statements
Reference is made to Item 8 for a list of all financial statements and schedules filed as a part of this Report.
2. Financial Statement Schedules
QuickLogic Corporation
Valuation and Qualifying Accounts
(in thousands)
All other schedules not listed above have been omitted because the information required to be set forth therein is not applicable or is shown in the financial statements or notes hereto.

Balance at Beginning of Period
Charged to Costs and Expenses
Write-offs
Balance at End of Period
Allowance for Doubtful Accounts:
Fiscal Year 2019
$—
$—
$5
$—
Fiscal Year 2018
$—
$—
$—
$—
Fiscal Year 2017
$—
$—
$—
$—
Allowance for Deferred Tax Assets:
Fiscal Year 2019
$54,913
$3,227
$—
$58,140
Fiscal Year 2018
$55,931
$—
$(1,018)
$54,913
Fiscal Year 2017
$79,150
$—
$(23,219)
$55,931


Question: Analyse this data from a financial earnings document. What is the average at the beginning of the period in fiscal year 2018 and 2019?
Choices:
55422
54913
27973
-55422
1
Correct choice index: 0
The majority of the Company's revenues are generated from U.S. government contracts, either as a prime contractor or as a subcontractor to other contractors. Revenues from the U.S. government can be adversely impacted by spending caps or changes in budgetary priorities of the U.S. government, as well as delays in program start dates or the award of a contract.
Disaggregated revenues by contract-type were as follows:

Year Ended January 3, 2020
Defense Solutions
Civil
Health
Total
(in millions)
Cost-reimbursement and fixed-price-incentive-fee
$3,697
$1,997
$234
$5,928
Firm-fixed-price
1,203
1,075
1,296
3,574
Time-and-materials and fixed-price-level-of-effort
466
564
444
1,474
Total
$5,366
$3,636
$1,974
$10,976


Question: Analyse this data from a financial earnings document. What was the difference in the Cost-reimbursement and fixed-price-incentive-fee between Civil and Health?
Choices:
0
1763
-1763
467298
922
Correct choice index: 1