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class a ordinary shares of aon plc are , at present , eligible for deposit and clearing within the dtc system .in connection with the closing of the merger , we entered into arrangements with dtc whereby we agreed to indemnify dtc for any stamp duty and/or sdrt that may be assessed upon it as a result of its service as a depository and clearing agency for our class a ordinary shares .in addition , we have obtained a ruling from hmrc in respect of the stamp duty and sdrt consequences of the reorganization , and sdrt has been paid in accordance with the terms of this ruling in respect of the deposit of class a ordinary shares with the initial depository .dtc will generally have discretion to cease to act as a depository and clearing agency for the class a ordinary shares .if dtc determines at any time that the class a ordinary shares are not eligible for continued deposit and clearance within its facilities , then we believe the class a ordinary shares would not be eligible for continued listing on a u.s .securities exchange or inclusion in the s&p 500 and trading in the class a ordinary shares would be disrupted .while we would pursue alternative arrangements to preserve our listing and maintain trading , any such disruption could have a material adverse effect on the trading price of the class a ordinary shares .item 1b .unresolved staff comments .item 2 .properties .we have offices in various locations throughout the world .substantially all of our offices are located in leased premises .we maintain our corporate headquarters at 8 devonshire square , london , england , where we occupy approximately 225000 square feet of space under an operating lease agreement that expires in 2018 .we own one building at pallbergweg 2-4 , amsterdam , the netherlands ( 150000 square feet ) .the following are additional significant leased properties , along with the occupied square footage and expiration .property : occupied square footage expiration .
[['property:', 'occupiedsquare footage', 'leaseexpiration dates'], ['4 overlook point and other locations lincolnshire illinois', '1224000', '2017 2013 2024'], ['2601 research forest drive the woodlands texas', '414000', '2020'], ['dlf city and unitech cyber park gurgaon india', '413000', '2014 2013 2015'], ['200 e . randolph street chicago illinois', '396000', '2028'], ['2300 discovery drive orlando florida', '364000', '2020'], ['199 water street new york new york', '319000', '2018'], ['7201 hewitt associates drive charlotte north carolina', '218000', '2015']]
the locations in lincolnshire , illinois , the woodlands , texas , gurgaon , india , orlando , florida , and charlotte , north carolina , each of which were acquired as part of the hewitt acquisition in 2010 , are primarily dedicated to our hr solutions segment .the other locations listed above house personnel from both of our reportable segments .in november 2011 , aon entered into an agreement to lease 190000 square feet in a new building to be constructed in london , united kingdom .the agreement is contingent upon the completion of the building construction .aon expects to move into the new building in 2015 when it exercises an early break option at the devonshire square location .in september 2013 , aon entered into an agreement to lease up to 479000 square feet in a new building to be constructed in gurgaon , india .the agreement is contingent upon the completion of the building construction .aon expects to move into the new building in phases during 2014 and 2015 upon the expiration of the existing leases at the gurgaon locations .in general , no difficulty is anticipated in negotiating renewals as leases expire or in finding other satisfactory space if the premises become unavailable .we believe that the facilities we currently occupy are adequate for the purposes for which they are being used and are well maintained .in certain circumstances , we may have unused space and may seek to sublet such space to third parties , depending upon the demands for office space in the locations involved .see note 9 "lease commitments" of the notes to consolidated financial statements in part ii , item 8 of this report for information with respect to our lease commitments as of december 31 , 2013 .item 3 .legal proceedings .we hereby incorporate by reference note 16 "commitments and contingencies" of the notes to consolidated financial statements in part ii , item 8 of this report. .
|
what is the total square feet of new building to be constructed where aon is expected to move in?
|
669000
|
{
"answer": "669000",
"decimal": 669000,
"type": "float"
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| |
loan commitments ( unfunded loans and unused lines of credit ) , asset purchase agreements , standby letters of credit and letters of credit are issued to accommodate the financing needs of state street 2019s clients and to provide credit enhancements to special purpose entities .loan commitments are agreements by state street to lend monies at a future date .asset purchase agreements are commitments to purchase receivables or securities , subject to conditions established in the agreements , and at december 31 , 2001 , include $ 8.0 billion outstanding to special purpose entities .standby letters of credit and letters of credit commit state street to make payments on behalf of clients and special purpose entities when certain specified events occur .standby letters of credit outstanding to special purpose entities were $ 608 million at december 31 , 2001 .these loan , asset purchase and letter of credit commitments are subject to the same credit policies and reviews as loans .the amount and nature of collateral are obtained based upon management 2019s assessment of the credit risk .approximately 89% ( 89 % ) of the loan commitments and asset purchase agreements expire within one year from the date of issue .sincemany of the commitments are expected to expire or renewwithout being drawn , the total commitment amounts do not necessarily represent future cash requirements .the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31: .
[['( dollars in millions )', '2001', '2000'], ['indemnified securities on loan', '$ 113047', '$ 101438'], ['loan commitments', '12962', '11367'], ['asset purchase agreements', '10366', '7112'], ['standby letters of credit', '3918', '4028'], ['letters of credit', '164', '218']]
state street corporation 53 .
|
what is the percentage change in the balance of loan commitments from 2000 to 2001?
|
14.0%
|
{
"answer": "14.0%",
"decimal": 0.14,
"type": "percentage"
}
| |
in april 2009 , the fasb issued additional guidance under asc 820 which provides guidance on estimat- ing the fair value of an asset or liability ( financial or nonfinancial ) when the volume and level of activity for the asset or liability have significantly decreased , and on identifying transactions that are not orderly .the application of the requirements of this guidance did not have a material effect on the accompanying consolidated financial statements .in august 2009 , the fasb issued asu 2009-05 , 201cmeasuring liabilities at fair value , 201d which further amends asc 820 by providing clarification for cir- cumstances in which a quoted price in an active market for the identical liability is not available .the company included the disclosures required by this guidance in the accompanying consolidated financial statements .accounting for uncertainty in income taxes in june 2006 , the fasb issued guidance under asc 740 , 201cincome taxes 201d ( formerly fin 48 ) .this guid- ance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in tax returns .specifically , the financial statement effects of a tax position may be recognized only when it is determined that it is 201cmore likely than not 201d that , based on its technical merits , the tax position will be sustained upon examination by the relevant tax authority .the amount recognized shall be measured as the largest amount of tax benefits that exceed a 50% ( 50 % ) probability of being recognized .this guidance also expands income tax disclosure requirements .international paper applied the provisions of this guidance begin- ning in the first quarter of 2007 .the adoption of this guidance resulted in a charge to the beginning bal- ance of retained earnings of $ 94 million at the date of adoption .note 3 industry segment information financial information by industry segment and geo- graphic area for 2009 , 2008 and 2007 is presented on pages 47 and 48 .effective january 1 , 2008 , the company changed its method of allocating corpo- rate overhead expenses to its business segments to increase the expense amounts allocated to these businesses in reports reviewed by its chief executive officer to facilitate performance comparisons with other companies .accordingly , the company has revised its presentation of industry segment operat- ing profit to reflect this change in allocation method , and has adjusted all comparative prior period information on this basis .note 4 earnings per share attributable to international paper company common shareholders basic earnings per common share from continuing operations are computed by dividing earnings from continuing operations by the weighted average number of common shares outstanding .diluted earnings per common share from continuing oper- ations are computed assuming that all potentially dilutive securities , including 201cin-the-money 201d stock options , were converted into common shares at the beginning of each year .in addition , the computation of diluted earnings per share reflects the inclusion of contingently convertible securities in periods when dilutive .a reconciliation of the amounts included in the computation of basic earnings per common share from continuing operations , and diluted earnings per common share from continuing operations is as fol- in millions except per share amounts 2009 2008 2007 .
[['in millions except per share amounts', '2009', '2008', '2007'], ['earnings ( loss ) from continuing operations', '$ 663', '$ -1269 ( 1269 )', '$ 1215'], ['effect of dilutive securities ( a )', '2013', '2013', '2013'], ['earnings ( loss ) from continuing operations 2013 assumingdilution', '$ 663', '$ -1269 ( 1269 )', '$ 1215'], ['average common shares outstanding', '425.3', '421.0', '428.9'], ['effect of dilutive securities restricted performance share plan ( a )', '2.7', '2013', '3.7'], ['stock options ( b )', '2013', '2013', '0.4'], ['average common shares outstanding 2013 assuming dilution', '428.0', '421.0', '433.0'], ['basic earnings ( loss ) per common share from continuing operations', '$ 1.56', '$ -3.02 ( 3.02 )', '$ 2.83'], ['diluted earnings ( loss ) per common share from continuing operations', '$ 1.55', '$ -3.02 ( 3.02 )', '$ 2.81']]
average common shares outstanding 2013 assuming dilution 428.0 421.0 433.0 basic earnings ( loss ) per common share from continuing operations $ 1.56 $ ( 3.02 ) $ 2.83 diluted earnings ( loss ) per common share from continuing operations $ 1.55 $ ( 3.02 ) $ 2.81 ( a ) securities are not included in the table in periods when anti- dilutive .( b ) options to purchase 22.2 million , 25.1 million and 17.5 million shares for the years ended december 31 , 2009 , 2008 and 2007 , respectively , were not included in the computation of diluted common shares outstanding because their exercise price exceeded the average market price of the company 2019s common stock for each respective reporting date .note 5 restructuring and other charges this footnote discusses restructuring and other charges recorded for each of the three years included in the period ended december 31 , 2009 .it .
|
what was the net change in diluted earnings ( loss ) per common share from continuing operations between 2008 and 2009?
|
$ 4.57
|
{
"answer": "$ 4.57",
"decimal": 4.57,
"type": "money"
}
| |
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guarantees of certain obligations of our subsidiaries relating principally to credit facilities , certain media payables and operating leases of certain subsidiaries .the amount of such parent company guarantees was $ 769.3 and $ 706.7 as of december 31 , 2009 and 2008 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2009 , there are no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 , 2009 .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .see note 6 for further information relating to the payment structure of our acquisitions .all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress. .
[['', '2010', '2011', '2012', '2013', '2014', 'thereafter', 'total'], ['deferred acquisition payments', '$ 20.5', '$ 34.8', '$ 1.2', '$ 1.1', '$ 2.1', '$ 0.3', '$ 60.0'], ['redeemable noncontrolling interests and call options with affiliates1', '44.4', '47.9', '40.5', '36.3', '3.3', '2014', '172.4'], ['total contingent acquisition payments', '64.9', '82.7', '41.7', '37.4', '5.4', '0.3', '232.4'], ['less : cash compensation expense included above', '1.0', '1.0', '1.0', '0.5', '2014', '2014', '3.5'], ['total', '$ 63.9', '$ 81.7', '$ 40.7', '$ 36.9', '$ 5.4', '$ 0.3', '$ 228.9']]
1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .in such instances , we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2009 .as such , these estimated acquisition payments of $ 20.5 have been included within the total payments expected to be made in 2010 in the table and , if not made in 2010 , will continue to carry forward into 2011 or beyond until they are exercised or expire .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities .legal matters we are involved in legal and administrative proceedings of various types .while any litigation contains an element of uncertainty , we do not believe that the outcome of such proceedings will have a material adverse effect on our financial condition , results of operations or cash flows .note 16 : recent accounting standards in december 2009 , the financial accounting standards board ( 201cfasb 201d ) amended authoritative guidance related to accounting for transfers and servicing of financial assets and extinguishments of liabilities .the guidance will be effective for the company beginning january 1 , 2010 .the guidance eliminates the concept of a qualifying special-purpose entity and changes the criteria for derecognizing financial assets .in addition , the guidance will require additional disclosures related to a company 2019s continued involvement with financial assets that have been transferred .we do not expect the adoption of this amended guidance to have a significant impact on our consolidated financial statements .in december 2009 , the fasb amended authoritative guidance for consolidating variable interest entities .the guidance will be effective for the company beginning january 1 , 2010 .specifically , the guidance revises factors that should be considered by a reporting entity when determining whether an entity that is insufficiently capitalized or is not controlled through voting ( or similar rights ) should be consolidated .this guidance also includes revised financial statement disclosures regarding the reporting entity 2019s involvement , including significant risk exposures as a result of that involvement , and the impact the relationship has on the reporting entity 2019s financial statements .we are currently evaluating the potential impact of the amended guidance on our consolidated financial statements. .
|
in 2010 what was percentage of the deferred acquisition payments of the total payments
|
32%
|
{
"answer": "32%",
"decimal": 0.32,
"type": "percentage"
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| |
increase .in north america , contract generation segment revenues increased $ 46 million .in the caribbean ( which includes venezuela and colombia ) , contract generation segment revenues increased $ 11 million , and this was due to a full year of operations at merida iii offset by a lower capacity factor at los mina .competitive supply revenues increased $ 300 million or 13% ( 13 % ) to $ 2.7 billion in 2001 from $ 2.4 billion in 2000 .excluding businesses acquired or that commenced commercial operations in 2001 or 2000 , competitive supply revenues increased 3% ( 3 % ) to $ 2.4 billion in 2001 .the most significant increases occurred within north america and the caribbean .slight increases were recorded within south america and asia .europe/africa reported a slight decrease due to lower pool prices in the u.k .offset by the start of commercial operations at fifoots and the acquisition of ottana .in north america , competitive supply segment revenues increased $ 184 million due primarily to an expanded customer base at new energy as well as increased operations at placerita .these increases in north america were offset by lower market prices at our new york businesses .in the caribbean , competitive supply segment revenues increased $ 123 million due primarily to the acquisition of chivor .large utility revenues increased $ 300 million , or 14% ( 14 % ) to $ 2.4 billion in 2001 from $ 2.1 billion in 2000 , principally resulting from the addition of revenues attributable to businesses acquired during 2001 or 2000 .excluding businesses acquired in 2001 and 2000 , large utility revenues increased 1% ( 1 % ) to $ 1.6 billion in 2001 .the majority of the increase occurred within the caribbean , and there was a slight increase in north america .in the caribbean , revenues increased $ 312 million due to a full year of revenues from edc , which was acquired in june 2000 .growth distribution revenues increased $ 400 million , or 31% ( 31 % ) to $ 1.7 billion in 2001 from $ 1.3 billion in 2000 .excluding businesses acquired in 2001 or 2000 , growth distribution revenues increased 20% ( 20 % ) to $ 1.3 billion in 2001 .revenues increased most significantly in the caribbean and to a lesser extent in south america and europe/africa .revenues decreased slightly in asia .in the caribbean , growth distribution segment revenues increased $ 296 million due primarily to a full year of operations at caess , which was acquired in 2000 and improved operations at ede este .in south america , growth distribution segment revenues increased $ 89 million due to the significant revenues at sul from our settlement with the brazilian government offset by declines in revenues at our argentine distribution businesses .the settlement with the brazilian government confirmed the sales price that sul would receive from its sales into the southeast market ( where rationing occurred ) under its itaipu contract .in europe/africa , growth distribution segment revenues increased $ 59 million from the acquisition of sonel .in asia , growth distribution segment revenues decreased $ 33 million mainly due to the change in the way in which we are accounting for our investment in cesco .cesco was previously consolidated but was changed to equity method during 2001 when the company was removed from management and the board of directors .this decline was partially offset by the increase in revenues from the distribution businesses that we acquired in the ukraine .aes is a global power company which operates in 29 countries around the world .the breakdown of aes 2019s revenues for the years ended december 31 , 2001 and 2000 , based on the geographic region in which they were earned , is set forth below .a more detailed breakdown by country can be found in note 16 of the consolidated financial statements. .
[['', '2001', '2000', '% ( % ) change'], ['north america', '$ 3.6 billion', '$ 3.4 billion', '6% ( 6 % )'], ['south america', '$ 1.7 billion', '$ 1.1 billion', '55% ( 55 % )'], ['caribbean*', '$ 1.9 billion', '$ 1.1 billion', '73% ( 73 % )'], ['europe/africa', '$ 1.4 billion', '$ 1.3 billion', '8% ( 8 % )'], ['asia', '$ 693 million', '$ 615 million', '13% ( 13 % )']]
* includes venezuela and colombia. .
|
was the caribbean segment revenue increase greater than the south american growth ?
|
yes
|
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| |
holders of grupo gondi manage the joint venture and we provide technical and commercial resources .we believe the joint venture is helping us to grow our presence in the attractive mexican market .we have included the financial results of the joint venture in our corrugated packaging segment since the date of formation .we are accounting for the investment on the equity method .on january 19 , 2016 , we completed the packaging acquisition .the entities acquired provide value-added folding carton and litho-laminated display packaging solutions .we believe the transaction has provided us with attractive and complementary customers , markets and facilities .we have included the financial results of the acquired entities in our consumer packaging segment since the date of the acquisition .on october 1 , 2015 , we completed the sp fiber acquisition .the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper .the newberg mill also produced newsprint .as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in green power solutions of georgia , llc ( fffdgps fffd ) , which we consolidate .gps is a joint venture providing steam to the dublin mill and electricity to georgia power .subsequent to the transaction , we announced the permanent closure of the newberg mill due to the decline in market conditions of the newsprint business and our need to balance supply and demand in our containerboard system .we have included the financial results of the acquired entities in our corrugated packaging segment since the date of the acquisition .see fffdnote 2 .mergers , acquisitions and investment fffdtt of the notes to consolidated financial statements for additional information .see also item 1a .fffdrisk factors fffd fffdwe may be unsuccessful in making and integrating mergers , acquisitions and investments and completing divestitures fffd .business .
[['( in millions )', 'year ended september 30 , 2018', 'year ended september 30 , 2017', 'year ended september 30 , 2016'], ['net sales', '$ 16285.1', '$ 14859.7', '$ 14171.8'], ['segment income', '$ 1685.0', '$ 1193.5', '$ 1226.2']]
in fiscal 2018 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win .we successfully executed this strategy in fiscal 2018 in a rapidly changing cost and price environment .net sales of $ 16285.1 million for fiscal 2018 increased $ 1425.4 million , or 9.6% ( 9.6 % ) , compared to fiscal 2017 .the increase was primarily a result of an increase in corrugated packaging segment sales , driven by higher selling price/mix and the contributions from acquisitions , and increased consumer packaging segment sales , primarily due to the contribution from acquisitions ( primarily the mps acquisition ) .these increases were partially offset by the absence of net sales from hh&b in fiscal 2018 due to the sale of hh&b in april 2017 and lower land and development segment sales compared to the prior year period due to the timing of real estate sales as we monetize the portfolio and lower merchandising display sales in the consumer packaging segment .segment income increased $ 491.5 million in fiscal 2018 compared to fiscal 2017 , primarily due to increased corrugated packaging segment income .with respect to segment income , we experienced higher levels of cost inflation during fiscal 2018 as compared to fiscal 2017 , which was partially offset by recycled fiber deflation .the primary inflationary items were freight costs , chemical costs , virgin fiber costs and wage and other costs .productivity improvements in fiscal 2018 more than offset the net impact of cost inflation .while it is difficult to predict specific inflationary items , we expect higher cost inflation to continue through fiscal 2019 .our corrugated packaging segment increased its net sales by $ 695.1 million in fiscal 2018 to $ 9103.4 million from $ 8408.3 million in fiscal 2017 .the increase in net sales was primarily due to higher corrugated selling price/mix and higher corrugated volumes ( including acquisitions ) , which were partially offset by lower net sales from recycling operations due to lower recycled fiber costs , lower sales related to the deconsolidation of a foreign joint venture in fiscal 2017 and the impact of foreign currency .north american box shipments increased 4.1% ( 4.1 % ) on a per day basis in fiscal 2018 compared to fiscal 2017 .segment income attributable to the corrugated packaging segment in fiscal 2018 increased $ 454.0 million to $ 1207.9 million compared to $ 753.9 million in fiscal 2017 .the increase was primarily due to higher selling price/mix , lower recycled fiber costs and productivity improvements which were partially offset by higher levels of cost inflation and other items , including increased depreciation and amortization .our consumer packaging segment increased its net sales by $ 838.9 million in fiscal 2018 to $ 7291.4 million from $ 6452.5 million in fiscal 2017 .the increase in net sales was primarily due to an increase in net sales from acquisitions ( primarily the mps acquisition ) and higher selling price/mix partially offset by the absence of net sales from hh&b in fiscal 2018 due to the hh&b sale in april 2017 and lower volumes .segment income attributable to .
|
what percentage of net sales was the consumer packaging segment in 2018?
|
55%
|
{
"answer": "55%",
"decimal": 0.55,
"type": "percentage"
}
|
in line 36 , it gives us the amount of of net sales produced by the consumer packaging segment . to find the answer you take net sales subtract that by the number given in line 36 . then divide the solution by net sales .
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management 2019s discussion and analysis of financial condition and results of operations ( continued ) detail with respect to our investment portfolio as of december 31 , 2014 and 2013 is provided in note 3 to the consolidated financial statements included under item 8 of this form 10-k .loans and leases averaged $ 15.91 billion for the year ended 2014 , up from $ 13.78 billion in 2013 .the increase was mainly related to mutual fund lending and our continued investment in senior secured bank loans .mutual fund lending and senior secured bank loans averaged approximately $ 9.12 billion and $ 1.40 billion , respectively , for the year ended december 31 , 2014 compared to $ 8.16 billion and $ 170 million for the year ended december 31 , 2013 , respectively .average loans and leases also include short- duration advances .table 13 : u.s .and non-u.s .short-duration advances years ended december 31 .
[['( in millions )', '2014', '2013', '2012'], ['average u.s . short-duration advances', '$ 2355', '$ 2356', '$ 1972'], ['average non-u.s . short-duration advances', '1512', '1393', '1393'], ['average total short-duration advances', '$ 3867', '$ 3749', '$ 3365'], ['average short-durance advances to average loans and leases', '24% ( 24 % )', '27% ( 27 % )', '29% ( 29 % )']]
average u.s .short-duration advances $ 2355 $ 2356 $ 1972 average non-u.s .short-duration advances 1512 1393 1393 average total short-duration advances $ 3867 $ 3749 $ 3365 average short-durance advances to average loans and leases 24% ( 24 % ) 27% ( 27 % ) 29% ( 29 % ) the decline in proportion of the average daily short-duration advances to average loans and leases is primarily due to growth in the other segments of the loan and lease portfolio .short-duration advances provide liquidity to clients in support of their investment activities .although average short-duration advances for the year ended december 31 , 2014 increased compared to the year ended december 31 , 2013 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity .average other interest-earning assets increased to $ 15.94 billion for the year ended december 31 , 2014 from $ 11.16 billion for the year ended december 31 , 2013 .the increased levels were primarily the result of higher levels of cash collateral provided in connection with our enhanced custody business .aggregate average interest-bearing deposits increased to $ 130.30 billion for the year ended december 31 , 2014 from $ 109.25 billion for year ended 2013 .the higher levels were primarily the result of increases in both u.s .and non-u.s .transaction accounts and time deposits .future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s .and non-u.s .interest rates .average other short-term borrowings increased to $ 4.18 billion for the year ended december 31 , 2014 from $ 3.79 billion for the year ended 2013 .the increase was the result of a higher level of client demand for our commercial paper .the decline in rates paid from 1.6% ( 1.6 % ) in 2013 to 0.1% ( 0.1 % ) in 2014 resulted from a reclassification of certain derivative contracts that hedge our interest-rate risk on certain assets and liabilities , which reduced interest revenue and interest expense .average long-term debt increased to $ 9.31 billion for the year ended december 31 , 2014 from $ 8.42 billion for the year ended december 31 , 2013 .the increase primarily reflected the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , $ 1.0 billion of senior debt issued in november 2013 , and $ 1.0 billion of senior debt issued in december 2014 .this is partially offset by the maturities of $ 500 million of senior debt in may 2014 and $ 250 million of senior debt in march 2014 .average other interest-bearing liabilities increased to $ 7.35 billion for the year ended december 31 , 2014 from $ 6.46 billion for the year ended december 31 , 2013 , primarily the result of higher levels of cash collateral received from clients in connection with our enhanced custody business .several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s .and non-u.s .interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured .based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay-downs and maturities of investment securities in highly-rated securities , such as u.s .treasury and agency securities , municipal securities , federal agency mortgage-backed securities and u.s .and non-u.s .mortgage- and asset-backed securities .the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time .we expect these factors and the levels of global interest rates to influence what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .
|
what is the percent change in loan amount between 2013 and 2014?
|
15.5%
|
{
"answer": "15.5%",
"decimal": 0.155,
"type": "percentage"
}
| |
notes to consolidated financial statements fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .thereafter , the notes pay a floating rate at three-month libor plus 500 bp .the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .all redemptions are subject to certain conditions and generally require approval by the federal reserve board .subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .the notes pay a floating rate at three-month libor plus 11 bp .the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .two of the notes pay floating at three-month libor plus 310 and 325 bp .the third note pays floating at six-month libor plus 370 bp .the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .the obligations were issued to fnb statutory trusts i and ii , respectively .the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .the obligations were issued to first charter capital trust i and ii , respectively .the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .15 .commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .a summary of significant commitments at december 31: .
[['( $ in millions )', '2008', '2007'], ['commitments to extend credit', '$ 49470', '49788'], ['letters of credit ( including standby letters of credit )', '8951', '8522'], ['forward contracts to sell mortgage loans', '3235', '1511'], ['noncancelable lease obligations', '937', '734'], ['purchase obligations', '81', '52'], ['capital expenditures', '68', '94']]
commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .standby letters of credit are considered guarantees in accordance with fasb interpretation no .45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for .
|
what is the percentage change in capital expenditures from 2007 to 2008?
|
-27.7%
|
{
"answer": "-27.7%",
"decimal": -0.27699999999999997,
"type": "percentage"
}
| |
incentive compensation expense ( $ 8.2 million ) and related fringe benefit costs ( $ 1.4 million ) , and higher warehousing costs due to customer requirements ( $ 2.0 million ) .corporate overhead for the year ended december 31 , 2006 , increased $ 3.1 million , or 6.5% ( 6.5 % ) , from the year ended december 31 , 2005 .the increase was primarily attributable to higher incentive compensation expense ( $ 2.6 million ) and other increased costs which were not individually significant .other expense , net , decreased $ 2.1 million , or 20.1% ( 20.1 % ) for the year ended december 31 , 2006 compared to the year ended december 31 , 2005 .the decrease was primarily due to a $ 3.1 million decrease in expenses related to the disposals of property , plant and equipment as part of planned disposals in connection with capital projects .partially offsetting the decrease in fixed asset disposal expense was higher legal expenses ( $ 0.5 million ) and increased losses on disposals of storeroom items ( $ 0.4 million ) .interest expense , net and income taxes interest expense , net of interest income , increased by $ 3.1 million , or 11.1% ( 11.1 % ) , for the year ended december 31 , 2006 compared to the full year 2005 , primarily as a result of higher interest expense on our variable rate debt due to higher interest rates .pca 2019s effective tax rate was 35.8% ( 35.8 % ) for the year ended december 31 , 2006 and 40.2% ( 40.2 % ) for the year ended december 31 , 2005 .the lower tax rate in 2006 is primarily due to a larger domestic manufacturer 2019s deduction and a reduction in the texas state tax rate .for both years 2006 and 2005 , tax rates were higher than the federal statutory rate of 35.0% ( 35.0 % ) due to state income taxes .year ended december 31 , 2005 compared to year ended december 31 , 2004 the historical results of operations of pca for the years ended december 31 , 2005 and 2004 are set forth below : for the year ended december 31 , ( in millions ) 2005 2004 change .
[['( in millions )', 'for the year ended december 31 , 2005', 'for the year ended december 31 , 2004', 'change'], ['net sales', '$ 1993.7', '$ 1890.1', '$ 103.6'], ['income from operations', '$ 116.1', '$ 140.5', '$ -24.4 ( 24.4 )'], ['interest expense net', '-28.1 ( 28.1 )', '-29.6 ( 29.6 )', '1.5'], ['income before taxes', '88.0', '110.9', '-22.9 ( 22.9 )'], ['provision for income taxes', '-35.4 ( 35.4 )', '-42.2 ( 42.2 )', '6.8'], ['net income', '$ 52.6', '$ 68.7', '$ -16.1 ( 16.1 )']]
net sales net sales increased by $ 103.6 million , or 5.5% ( 5.5 % ) , for the year ended december 31 , 2005 from the year ended december 31 , 2004 .net sales increased primarily due to increased sales prices and volumes of corrugated products compared to 2004 .total corrugated products volume sold increased 4.2% ( 4.2 % ) to 31.2 billion square feet in 2005 compared to 29.9 billion square feet in 2004 .on a comparable shipment-per-workday basis , corrugated products sales volume increased 4.6% ( 4.6 % ) in 2005 from 2004 .excluding pca 2019s acquisition of midland container in april 2005 , corrugated products volume was 3.0% ( 3.0 % ) higher in 2005 than 2004 and up 3.4% ( 3.4 % ) compared to 2004 on a shipment-per-workday basis .shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year .the larger percentage increase was due to the fact that 2005 had one less workday ( 250 days ) , those days not falling on a weekend or holiday , than 2004 ( 251 days ) .containerboard sales volume to external domestic and export customers decreased 12.2% ( 12.2 % ) to 417000 tons for the year ended december 31 , 2005 from 475000 tons in 2004. .
|
what was the operating margin for 2004?
|
7%
|
{
"answer": "7%",
"decimal": 0.07,
"type": "percentage"
}
| |
notes to consolidated financial statements 192 jpmorgan chase & co ./ 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit .implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator .should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln .expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders .the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation .the variability to be considered in the modeling of expected losses is based on the design of the enti- ty .the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term .under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs .in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary .from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence .instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter .as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model .specifically , risk ratings and loss given default assumptions are continually updated .the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively .management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults .qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market .the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase .consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value .december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) .
[['( in billions except ratios )', 'reported', 'pro forma ( a ) ( b )'], ['assets', '$ 2175.1', '$ 2218.2'], ['liabilities', '2008.2', '2051.3'], ['tier 1 capital ratio', '10.9% ( 10.9 % )', '10.9% ( 10.9 % )'], ['tier 1 leverage ratio', '6.9', '6.8']]
( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation .if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) .the fair value of the assets is primarily based upon pricing for comparable transactions .the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions .( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio .the firm could fund purchases of assets from vies should it become necessary .2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility .the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement .during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired .impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note .on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits .it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures .because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits .the structured cdo assets were transferred to the firm at .
|
by how many basis points would the tier 1 capital ratio improve if the firm were to consolidate the assets and liabilities of the conduits at fair value?
|
0.1
|
{
"answer": "0.1",
"decimal": 0.1,
"type": "float"
}
| |
leveraged performance units during fiscal 2015 , certain executives were granted performance units that we refer to as leveraged performance units , or lpus .lpus contain a market condition based on our relative stock price growth over a three-year performance period .the lpus contain a minimum threshold performance which , if not met , would result in no payout .the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares .after the three-year performance period , one-third of any earned units converts to unrestricted common stock .the remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date .we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award .total shareholder return units before fiscal 2015 , certain of our executives were granted total shareholder return ( 201ctsr 201d ) units , which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the s&p 500 .once the performance results are certified , tsr units convert into unrestricted common stock .depending on our performance , the grantee may earn up to 200% ( 200 % ) of the target number of shares .the target number of tsr units for each executive is set by the compensation committee .we recognize share-based compensation expense based on the grant date fair value of the tsr units , as determined by use of a monte carlo model , on a straight-line basis over the vesting period .the following table summarizes the changes in unvested share-based awards for the years ended may 31 , 2016 and 2015 ( shares in thousands ) : shares weighted-average grant-date fair value .
[['', 'shares', 'weighted-averagegrant-datefair value'], ['unvested at may 31 2014', '1754', '$ 22.72'], ['granted', '954', '36.21'], ['vested', '-648 ( 648 )', '23.17'], ['forfeited', '-212 ( 212 )', '27.03'], ['unvested at may 31 2015', '1848', '28.97'], ['granted', '461', '57.04'], ['vested', '-633 ( 633 )', '27.55'], ['forfeited', '-70 ( 70 )', '34.69'], ['unvested at may 31 2016', '1606', '$ 37.25']]
including the restricted stock , performance units and tsr units described above , the total fair value of share- based awards vested during the years ended may 31 , 2016 , 2015 and 2014 was $ 17.4 million , $ 15.0 million and $ 28.7 million , respectively .for these share-based awards , we recognized compensation expense of $ 28.8 million , $ 19.8 million and $ 28.2 million in the years ended may 31 , 2016 , 2015 and 2014 , respectively .as of may 31 , 2016 , there was $ 42.6 million of unrecognized compensation expense related to unvested share-based awards that we expect to recognize over a weighted-average period of 1.9 years .our share-based award plans provide for accelerated vesting under certain conditions .employee stock purchase plan we have an employee stock purchase plan under which the sale of 4.8 million shares of our common stock has been authorized .employees may designate up to the lesser of $ 25000 or 20% ( 20 % ) of their annual compensation for the purchase of our common stock .the price for shares purchased under the plan is 85% ( 85 % ) of the market value on 84 2013 global payments inc .| 2016 form 10-k annual report .
|
what is the total fair value of vested shares in 2016?
|
17439.2
|
{
"answer": "17439.2",
"decimal": 17439.2,
"type": "float"
}
| |
part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2005 and 2004. .
[['2005', 'high', 'low'], ['quarter ended march 31', '$ 19.28', '$ 17.30'], ['quarter ended june 30', '21.16', '16.28'], ['quarter ended september 30', '25.20', '20.70'], ['quarter ended december 31', '28.33', '22.73'], ['2004', 'high', 'low'], ['quarter ended march 31', '$ 13.12', '$ 9.89'], ['quarter ended june 30', '16.00', '11.13'], ['quarter ended september 30', '15.85', '13.10'], ['quarter ended december 31', '18.75', '15.19']]
on march 9 , 2006 , the closing price of our class a common stock was $ 29.83 per share as reported on the nyse .as of march 9 , 2006 , we had 419677495 outstanding shares of class a common stock and 687 registered holders .in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter .also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis .in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock .the information under 201csecurities authorized for issuance under equity compensation plans 201d from the definitive proxy statement is hereby incorporated by reference into item 12 of this annual report .dividends we have never paid a dividend on any class of our common stock .we anticipate that we may retain future earnings , if any , to fund the development and growth of our business .the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests .under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby .the indenture governing the terms of the ati 7.25% ( 7.25 % ) senior subordinated notes due 2011 ( ati 7.25% ( 7.25 % ) notes ) prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .for more information about the restrictions under our credit facilities and our notes indentures , see note 7 to our consolidated financial statements included in this annual report and the section entitled 201cmanagement 2019s .
|
what is the growth rate in the common stock price from the highest price during quarter ended december 31 of 2005 to the highest price during quarter ended december 31 of 2006?
|
51.1%
|
{
"answer": "51.1%",
"decimal": 0.511,
"type": "percentage"
}
| |
notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) sales of businesses and investments 2013 primarily includes realized gains and losses relating to the sales of businesses , cumulative translation adjustment balances from the liquidation of entities and sales of marketable securities and investments in publicly traded and privately held companies in our rabbi trusts .during 2009 , we realized a gain of $ 15.2 related to the sale of an investment in our rabbi trusts , which was partially offset by losses realized from the sale of various businesses .losses in 2007 primarily related to the sale of several businesses within draftfcb for a loss of $ 9.3 and charges at lowe of $ 7.8 as a result of the realization of cumulative translation adjustment balances from the liquidation of several businesses .vendor discounts and credit adjustments 2013 we are in the process of settling our liabilities related to vendor discounts and credits established during the restatement we presented in our 2004 annual report on form 10-k .these adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed .litigation settlement 2013 during may 2008 , the sec concluded its investigation that began in 2002 into our financial reporting practices , resulting in a settlement charge of $ 12.0 .investment impairments 2013 in 2007 we realized an other-than-temporary charge of $ 5.8 relating to a $ 12.5 investment in auction rate securities , representing our total investment in auction rate securities .see note 12 for further information .note 5 : intangible assets goodwill goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values .the changes in the carrying value of goodwill for our segments , integrated agency networks ( 201cian 201d ) and constituency management group ( 201ccmg 201d ) , for the years ended december 31 , 2009 and 2008 are listed below. .
[['', 'ian', 'cmg', 'total 1'], ['balance as of december 31 2007', '$ 2789.7', '$ 441.9', '$ 3231.6'], ['current year acquisitions', '99.5', '1.8', '101.3'], ['contingent and deferred payments for prior acquisitions', '28.9', '1.1', '30.0'], ['other ( primarily foreign currency translation )', '-128.1 ( 128.1 )', '-13.9 ( 13.9 )', '-142.0 ( 142.0 )'], ['balance as of december 31 2008', '$ 2790.0', '$ 430.9', '$ 3220.9'], ['current year acquisitions2', '5.2', '2014', '5.2'], ['contingent and deferred payments for prior acquisitions', '14.2', '2014', '14.2'], ['other ( primarily foreign currency translation )', '76.2', '4.5', '80.7'], ['balance as of december 31 2009', '$ 2885.6', '$ 435.4', '$ 3321.0']]
1 for all periods presented we have not recorded a goodwill impairment charge .2 for acquisitions completed after january 1 , 2009 , amount includes contingent and deferred payments , which are recorded at fair value on the acquisition date .see note 6 for further information .see note 1 for further information regarding our annual impairment methodology .other intangible assets included in other intangible assets are assets with indefinite lives not subject to amortization and assets with definite lives subject to amortization .other intangible assets primarily include customer lists and trade names .intangible assets with definitive lives subject to amortization are amortized on a straight-line basis with estimated useful lives generally between 7 and 15 years .amortization expense for other intangible assets for the years ended december 31 , 2009 , 2008 and 2007 was $ 19.3 , $ 14.4 and $ 8.5 , respectively .the following table provides a summary of other intangible assets , which are included in other assets on our consolidated balance sheets. .
|
in 2007 what was the percent of the investment impairments to the investment in auction rate securities
|
46.4%
|
{
"answer": "46.4%",
"decimal": 0.46399999999999997,
"type": "percentage"
}
| |
the following table provides the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms over the next five years and thereafter: .
[['', 'amount'], ['2019', '$ 17'], ['2020', '15'], ['2021', '12'], ['2022', '11'], ['2023', '6'], ['thereafter', '80']]
the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company , and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners .the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act .the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years .the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) .as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases .the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis .the carrying value of the facilities funded by the company recognized as a capital lease asset was $ 147 million and $ 150 million as of december 31 , 2018 and 2017 , respectively , which is presented in property , plant and equipment on the consolidated balance sheets .the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs .as of december 31 , 2018 , the minimum annual future rental commitment under the operating leases for the portion of the facilities funded by the partners that have initial or remaining non-cancelable lease terms in excess of one year included in the preceding minimum annual rental commitments are $ 4 million in 2019 through 2023 , and $ 59 million thereafter .note 20 : segment information the company 2019s operating segments are comprised of the revenue-generating components of its businesses for which separate financial information is internally produced and regularly used by management to make operating decisions and assess performance .the company operates its businesses primarily through one reportable segment , the regulated businesses segment .the company also operates market-based businesses that provide a broad range of related and complementary water and wastewater services within non-reportable operating segments , collectively referred to as the market-based businesses .the regulated businesses segment is the largest component of the company 2019s business and includes 20 subsidiaries that provide water and wastewater services to customers in 16 states .the company 2019s primary market-based businesses include the homeowner services group , which provides warranty protection programs to residential and smaller commercial customers ; the military services group , which provides water and wastewater services to the u.s .government on military installations ; and keystone , which provides water transfer services for shale natural gas exploration and production companies. .
|
what percentage of the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms is due after 2023?
|
56.7%
|
{
"answer": "56.7%",
"decimal": 0.5670000000000001,
"type": "percentage"
}
|
from here you need to take the total due after 2023 , or 80 , and divide it by the total or 141 to get 56.7%
|
the aggregate changes in the balance of gross unrecognized tax benefits , which excludes interest and penalties , for 2012 , 2011 , and 2010 , is as follows ( in millions ) : .
[['', '2012', '2011', '2010'], ['beginning balance', '$ 1375', '$ 943', '$ 971'], ['increases related to tax positions taken during a prior year', '340', '49', '61'], ['decreases related to tax positions taken during a prior year', '-107 ( 107 )', '-39 ( 39 )', '-224 ( 224 )'], ['increases related to tax positions taken during the current year', '467', '425', '240'], ['decreases related to settlements with taxing authorities', '-3 ( 3 )', '0', '-102 ( 102 )'], ['decreases related to expiration of statute of limitations', '-10 ( 10 )', '-3 ( 3 )', '-3 ( 3 )'], ['ending balance', '$ 2062', '$ 1375', '$ 943']]
the company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes .as of september 29 , 2012 and september 24 , 2011 , the total amount of gross interest and penalties accrued was $ 401 million and $ 261 million , respectively , which is classified as non-current liabilities in the consolidated balance sheets .in connection with tax matters , the company recognized interest expense in 2012 and 2011 of $ 140 million and $ 14 million , respectively , and in 2010 the company recognized an interest benefit of $ 43 million .the company is subject to taxation and files income tax returns in the u.s .federal jurisdiction and in many state and foreign jurisdictions .for u.s .federal income tax purposes , all years prior to 2004 are closed .the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments .the company has contested certain of these adjustments through the irs appeals office .the irs is currently examining the years 2007 through 2009 .in addition , the company is also subject to audits by state , local and foreign tax authorities .in major states and major foreign jurisdictions , the years subsequent to 1989 and 2002 , respectively , generally remain open and could be subject to examination by the taxing authorities .management believes that an adequate provision has been made for any adjustments that may result from tax examinations .however , the outcome of tax audits cannot be predicted with certainty .if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income tax in the period such resolution occurs .although timing of the resolution and/or closure of audits is not certain , the company believes it is reasonably possible that tax audit resolutions could reduce its unrecognized tax benefits by between $ 120 million and $ 170 million in the next 12 months .note 6 2013 shareholders 2019 equity and share-based compensation preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding .under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock .dividend and stock repurchase program in 2012 , the board of directors of the company approved a dividend policy pursuant to which it plans to make , subject to subsequent declaration , quarterly dividends of $ 2.65 per share .on july 24 , 2012 , the board of directors declared a dividend of $ 2.65 per share to shareholders of record as of the close of business on august 13 , 2012 .the company paid $ 2.5 billion in conjunction with this dividend on august 16 , 2012 .no dividends were declared in the first three quarters of 2012 or in 2011 and 2010. .
|
what was the percentage change in the gross unrecognized tax benefits between 2011 and 2012?
|
50%
|
{
"answer": "50%",
"decimal": 0.5,
"type": "percentage"
}
| |
dividends and distributions we pay regular quarterly dividends to holders of our common stock .on february 16 , 2007 , our board of directors declared the first quarterly installment of our 2007 dividend in the amount of $ 0.475 per share , payable on march 30 , 2007 to stockholders of record on march 20 , 2007 .we expect to distribute 100% ( 100 % ) or more of our taxable net income to our stockholders for 2007 .our board of directors normally makes decisions regarding the frequency and amount of our dividends on a quarterly basis .because the board considers a number of factors when making these decisions , we cannot assure you that we will maintain the policy stated above .please see 201ccautionary statements 201d and the risk factors included in part i , item 1a of this annual report on form 10-k for a description of other factors that may affect our distribution policy .our stockholders may reinvest all or a portion of any cash distribution on their shares of our common stock by participating in our distribution reinvestment and stock purchase plan , subject to the terms of the plan .see 201cnote 15 2014capital stock 201d of the notes to consolidated financial statements included in item 8 of this annual report on form 10-k .director and employee stock sales certain of our directors , executive officers and other employees have adopted and may , from time to time in the future , adopt non-discretionary , written trading plans that comply with rule 10b5-1 under the exchange act , or otherwise monetize their equity-based compensation .securities authorized for issuance under equity compensation plans the following table summarizes information with respect to our equity compensation plans as of december 31 , 2006 : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) equity compensation plans approved by stockholders ( 1 ) ..1118051 $ 24.27 8373727 equity compensation plans not approved by stockholders ( 2 ) ..18924 n/a 1145354 .
[['plan category', '( a ) number of securities to be issued upon exercise of outstanding options warrants andrights', '( b ) weighted average exercise price of outstanding options warrants and rights', '( c ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a )'], ['equity compensation plans approved by stockholders ( 1 )', '1118051', '$ 24.27', '8373727'], ['equity compensation plans not approved by stockholders ( 2 )', '18924', 'n/a', '1145354'], ['total', '1136975', '$ 24.27', '9519081']]
( 1 ) these plans consist of ( i ) the 1987 incentive compensation program ( employee plan ) ; ( ii ) the theratx , incorporated 1996 stock option/stock issuance plan ; ( iii ) the 2000 incentive compensation plan ( employee plan ) ( formerly known as the 1997 incentive compensation plan ) ; ( iv ) the 2004 stock plan for directors ( which amended and restated the 2000 stock option plan for directors ( formerly known as the 1997 stock option plan for non-employee directors ) ) ; ( v ) the employee and director stock purchase plan ; ( vi ) the 2006 incentive plan ; and ( vii ) the 2006 stock plan for directors .( 2 ) these plans consist of ( i ) the common stock purchase plan for directors , under which our non-employee directors may receive common stock in lieu of directors 2019 fees , ( ii ) the nonemployee director deferred stock compensation plan , under which our non-employee directors may receive units convertible on a one-for-one basis into common stock in lieu of director fees , and ( iii ) the executive deferred stock compensation plan , under which our executive officers may receive units convertible on a one-for-one basis into common stock in lieu of compensation. .
|
what is the value of the equity compensation plans approved by stockholders to be issued upon exercise of outstanding options warrants and rights as of december 312006
|
27135097.77
|
{
"answer": "27135097.77",
"decimal": 27135097.77,
"type": "float"
}
| |
apple inc .| 2016 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 24 , 2016 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september .
[['', 'september2011', 'september2012', 'september2013', 'september2014', 'september2015', 'september2016'], ['apple inc .', '$ 100', '$ 166', '$ 123', '$ 183', '$ 212', '$ 213'], ['s&p 500 index', '$ 100', '$ 130', '$ 155', '$ 186', '$ 185', '$ 213'], ['s&p information technology index', '$ 100', '$ 132', '$ 142', '$ 183', '$ 187', '$ 230'], ['dow jones u.s . technology supersector index', '$ 100', '$ 130', '$ 137', '$ 178', '$ 177', '$ 217']]
.
|
what was the cumulative change in apple inc . stock between 2016 and 2011?
|
113
|
{
"answer": "113",
"decimal": 113,
"type": "float"
}
| |
d u k e r e a l t y c o r p o r a t i o n 2 8 2 0 0 2 a n n u a l r e p o r t notes to consolidated financial statements the company recognizes income on long-term construction contracts where the company serves as a general contractor on the percentage of completion method .using this method , profits are recorded on the basis of the company 2019s estimates of the percentage of completion of individual contracts , commencing when progress reaches a point where experience is sufficient to estimate final results with reasonable accuracy .that portion of the estimated earnings is accrued on the basis of the company 2019s estimates of the percentage of completion based on contract expenditures incurred and work performed .property sales gains from sales of depreciated property are recognized in accordance with statement of financial accounting standards ( 201csfas 201d ) no .66 , and are included in earnings from sales of land and depreciable property dispositions , net of impairment adjustment , in the statement of operations if identified as held for sale prior to adoption of sfas 144 and in discontinued operations if identified as held for sale after adoption of sfas 144 .gains or losses from the sale of property which is considered held for sale in dclp are recognized in accordance with sfas 66 and are included in construction management and development activity income in the statement of operations .net income per common share basic net income per common share is computed by dividing net income available for common shares by the weighted average number of common shares outstanding for the period .diluted net income per share is computed by dividing the sum of net income available for common shares and minority interest in earnings of unitholders , by the sum of the weighted average number of common shares and units outstanding and dilutive potential common shares for the period .the following table reconciles the components of basic and diluted net income per share ( in thousands ) : the series d convertible preferred stock and the series g convertible preferred limited partner units were anti-dilutive for the years ended december 31 , 2002 , 2001 and 2000 ; therefore , no conversion to common shares is included in weighted dilutive potential common shares .in september 2002 , the company redeemed the series g convertible preferred units at their par value of $ 35.0 million .a joint venture partner in one of the company 2019s unconsolidated companies has the option to convert a portion of its ownership to company common shares ( see discussion in investments in unconsolidated companies section ) .the effect of the option on earnings per share was dilutive for the year ended december 31 , 2001 ; therefore , conversion to common shares is included in weighted dilutive potential common shares .federal income taxes the company has elected to be taxed as a real estate investment trust ( 201creit 201d ) under the internal revenue code .to qualify as a reit , the company must meet a number of organizational and operational requirements , including a requirement that it currently distribute at least 90% ( 90 % ) of its taxable income to its stockholders .management intends to continue to adhere to these requirements and to maintain the company 2019s reit status .as a reit , the company is entitled to a tax deduction for some or all of the dividends it pays to its shareholders .accordingly , the company generally will not be subject to federal income taxes as long as it distributes an amount equal to or in excess of its taxable income currently to its stockholders .a reit generally is subject to federal income taxes on any taxable income that is not currently distributed to its shareholders .if the company fails to qualify as a reit in any taxable year , it will be subject to federal income taxes and may not be able to qualify as a reit for four subsequent taxable years .reit qualification reduces , but does not eliminate , the amount of state and local taxes paid by the company .in addition , the company 2019s financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal , state and local income taxes .as a reit , the company may also be subject to certain federal excise taxes if it engages in certain types of transactions. .
[['', '2002', '2001', '2000'], ['basic net income available for common shares', '$ 161272', '$ 229967', '$ 212958'], ['joint venture partner convertible ownership net income', '2014', '3423', '2014'], ['minority interest in earnings of common unitholders', '18568', '32463', '32071'], ['diluted net income available for common shares and dilutive potential common shares', '$ 179840', '$ 265853', '$ 245029'], ['weighted average number of common shares outstanding', '133981', '129660', '126836'], ['weighted average partnership units outstanding', '15442', '18301', '19070'], ['joint venture partner convertible ownership common share equivalents', '2014', '2092', '2014'], ['dilutive shares for stock-based compensation plans', '1416', '1657', '1535'], ['weighted average number of common shares and dilutive potential common shares', '150839', '151710', '147441']]
.
|
what was the average basic net income available for common shares from 2000 to 2002
|
201399
|
{
"answer": "201399",
"decimal": 201399,
"type": "float"
}
| |
kimco realty corporation and subsidiaries notes to consolidated financial statements , continued other 2014 in connection with the construction of its development projects and related infrastructure , certain public agencies require posting of performance and surety bonds to guarantee that the company 2019s obligations are satisfied .these bonds expire upon the completion of the improvements and infrastructure .as of december 31 , 2010 , there were approximately $ 45.3 million in performance and surety bonds outstanding .as of december 31 , 2010 , the company had accrued $ 3.8 million in connection with a legal claim related to a previously sold ground-up development project .the company is currently negotiating with the plaintiff to settle this claim and believes that the prob- able settlement amount will approximate the amount accrued .the company is subject to various other legal proceedings and claims that arise in the ordinary course of business .management believes that the final outcome of such matters will not have a material adverse effect on the financial position , results of operations or liquidity of the company .23 .incentive plans : the company maintains two equity participation plans , the second amended and restated 1998 equity participation plan ( the 201cprior plan 201d ) and the 2010 equity participation plan ( the 201c2010 plan 201d ) ( collectively , the 201cplans 201d ) .the prior plan provides for a maxi- mum of 47000000 shares of the company 2019s common stock to be issued for qualified and non-qualified options and restricted stock grants .the 2010 plan provides for a maximum of 5000000 shares of the company 2019s common stock to be issued for qualified and non-qualified options , restricted stock , performance awards and other awards , plus the number of shares of common stock which are or become available for issuance under the prior plan and which are not thereafter issued under the prior plan , subject to certain conditions .unless otherwise determined by the board of directors at its sole discretion , options granted under the plans generally vest ratably over a range of three to five years , expire ten years from the date of grant and are exercisable at the market price on the date of grant .restricted stock grants generally vest ( i ) 100% ( 100 % ) on the fourth or fifth anniversary of the grant , ( ii ) ratably over three or four years or ( iii ) over three years at 50% ( 50 % ) after two years and 50% ( 50 % ) after the third year .performance share awards may provide a right to receive shares of restricted stock based on the company 2019s performance relative to its peers , as defined , or based on other performance criteria as determined by the board of directors .in addition , the plans provide for the granting of certain options and restricted stock to each of the company 2019s non-employee directors ( the 201cindependent directors 201d ) and permits such independent directors to elect to receive deferred stock awards in lieu of directors 2019 fees .the company accounts for stock options in accordance with fasb 2019s compensation 2014stock compensation guidance which requires that all share based payments to employees , including grants of employee stock options , be recognized in the statement of operations over the service period based on their fair values .the fair value of each option award is estimated on the date of grant using the black-scholes option pricing formula .the assump- tion for expected volatility has a significant affect on the grant date fair value .volatility is determined based on the historical equity of common stock for the most recent historical period equal to the expected term of the options plus an implied volatility measure .the more significant assumptions underlying the determination of fair values for options granted during 2010 , 2009 and 2008 were as follows : year ended december 31 , 2010 2009 2008 .
[['2009', 'year ended december 31 2010 2009', 'year ended december 31 2010 2009', 'year ended december 31 2010'], ['weighted average fair value of options granted', '$ 3.82', '$ 3.16', '$ 5.73'], ['weighted average risk-free interest rates', '2.40% ( 2.40 % )', '2.54% ( 2.54 % )', '3.13% ( 3.13 % )'], ['weighted average expected option lives ( in years )', '6.25', '6.25', '6.38'], ['weighted average expected volatility', '37.98% ( 37.98 % )', '45.81% ( 45.81 % )', '26.16% ( 26.16 % )'], ['weighted average expected dividend yield', '4.21% ( 4.21 % )', '5.48% ( 5.48 % )', '4.33% ( 4.33 % )']]
.
|
what is the growth rate in weighted average fair value of options granted in 2010?
|
20.9%
|
{
"answer": "20.9%",
"decimal": 0.209,
"type": "percentage"
}
| |
m .employee retirement plans 2013 ( continued ) of equities and fixed-income investments , and would be less liquid than financial instruments that trade on public markets .potential events or circumstances that could have a negative effect on estimated fair value include the risks of inadequate diversification and other operating risks .to mitigate these risks , investments are diversified across and within asset classes in support of investment objectives .policies and practices to address operating risks include ongoing manager oversight , plan and asset class investment guidelines and instructions that are communicated to managers , and periodic compliance and audit reviews to ensure adherence to these policies .in addition , the company periodically seeks the input of its independent advisor to ensure the investment policy is appropriate .the company sponsors certain post-retirement benefit plans that provide medical , dental and life insurance coverage for eligible retirees and dependents in the united states based upon age and length of service .the aggregate present value of the unfunded accumulated post-retirement benefit obligation was $ 13 million at both december 31 , 2010 and 2009 .cash flows at december 31 , 2010 , the company expected to contribute approximately $ 30 million to $ 35 million to its qualified defined-benefit pension plans to meet erisa requirements in 2011 .the company also expected to pay benefits of $ 3 million and $ 10 million to participants of its unfunded foreign and non-qualified ( domestic ) defined-benefit pension plans , respectively , in 2011 .at december 31 , 2010 , the benefits expected to be paid in each of the next five years , and in aggregate for the five years thereafter , relating to the company 2019s defined-benefit pension plans , were as follows , in millions : qualified non-qualified .
[['', 'qualified plans', 'non-qualified plans'], ['2011', '$ 38', '$ 10'], ['2012', '$ 40', '$ 11'], ['2013', '$ 41', '$ 11'], ['2014', '$ 41', '$ 12'], ['2015', '$ 43', '$ 12'], ['2016-2020', '$ 235', '$ 59']]
n .shareholders 2019 equity in july 2007 , the company 2019s board of directors authorized the repurchase for retirement of up to 50 million shares of the company 2019s common stock in open-market transactions or otherwise .at december 31 , 2010 , the company had remaining authorization to repurchase up to 27 million shares .during 2010 , the company repurchased and retired three million shares of company common stock , for cash aggregating $ 45 million to offset the dilutive impact of the 2010 grant of three million shares of long-term stock awards .the company repurchased and retired two million common shares in 2009 and nine million common shares in 2008 for cash aggregating $ 11 million and $ 160 million in 2009 and 2008 , respectively .on the basis of amounts paid ( declared ) , cash dividends per common share were $ .30 ( $ .30 ) in 2010 , $ .46 ( $ .30 ) in 2009 and $ .925 ( $ .93 ) in 2008 , respectively .in 2009 , the company decreased its quarterly cash dividend to $ .075 per common share from $ .235 per common share .masco corporation notes to consolidated financial statements 2014 ( continued ) .
|
in 2015 what was the ratio of the qualified plans to non-qualified plans
|
3.6
|
{
"answer": "3.6",
"decimal": 3.6,
"type": "float"
}
|
in 2015 there was $ 3.6 qualified plans to the non-qualified plans
|
competitive supply aes 2019s competitive supply line of business consists of generating facilities that sell electricity directly to wholesale customers in competitive markets .additionally , as compared to the contract generation segment discussed above , these generating facilities generally sell less than 75% ( 75 % ) of their output pursuant to long-term contracts with pre-determined pricing provisions and/or sell into power pools , under shorter-term contracts or into daily spot markets .the prices paid for electricity under short-term contracts and in the spot markets are unpredictable and can be , and from time to time have been , volatile .the results of operations of aes 2019s competitive supply business are also more sensitive to the impact of market fluctuations in the price of electricity , natural gas , coal and other raw materials .in the united kingdom , txu europe entered administration in november 2002 and is no longer performing under its contracts with drax and barry .as described in the footnotes and in other sections of the discussion and analysis of financial condition and results of operations , txu europe 2019s failure to perform under its contracts has had a material adverse effect on the results of operations of these businesses .two aes competitive supply businesses , aes wolf hollow , l.p .and granite ridge have fuel supply agreements with el paso merchant energy l.p .an affiliate of el paso corp. , which has encountered financial difficulties .the company does not believe the financial difficulties of el paso corp .will have a material adverse effect on el paso merchant energy l.p . 2019s performance under the supply agreement ; however , there can be no assurance that a further deterioration in el paso corp 2019s financial condition will not have a material adverse effect on the ability of el paso merchant energy l.p .to perform its obligations .while el paso corp 2019s financial condition may not have a material adverse effect on el paso merchant energy , l.p .at this time , it could lead to a default under the aes wolf hollow , l.p . 2019s fuel supply agreement , in which case aes wolf hollow , l.p . 2019s lenders may seek to declare a default under its credit agreements .aes wolf hollow , l.p .is working in concert with its lenders to explore options to avoid such a default .the revenues from our facilities that distribute electricity to end-use customers are generally subject to regulation .these businesses are generally required to obtain third party approval or confirmation of rate increases before they can be passed on to the customers through tariffs .these businesses comprise the large utilities and growth distribution segments of the company .revenues from contract generation and competitive supply are not regulated .the distribution of revenues between the segments for the years ended december 31 , 2002 , 2001 and 2000 is as follows: .
[['', '2002', '2001', '2000'], ['large utilities', '36% ( 36 % )', '21% ( 21 % )', '22% ( 22 % )'], ['growth distribution', '14% ( 14 % )', '21% ( 21 % )', '21% ( 21 % )'], ['contract generation', '29% ( 29 % )', '32% ( 32 % )', '27% ( 27 % )'], ['competitive supply', '21% ( 21 % )', '26% ( 26 % )', '30% ( 30 % )']]
development costs certain subsidiaries and affiliates of the company ( domestic and non-u.s. ) are in various stages of developing and constructing greenfield power plants , some but not all of which have signed long-term contracts or made similar arrangements for the sale of electricity .successful completion depends upon overcoming substantial risks , including , but not limited to , risks relating to failures of siting , financing , construction , permitting , governmental approvals or the potential for termination of the power sales contract as a result of a failure to meet certain milestones .as of december 31 , 2002 , capitalized costs for projects under development and in early stage construction were approximately $ 15 million and capitalized costs for projects under construction were approximately $ 3.2 billion .the company believes .
|
what was the change in the large utilities percentage of revenues from 2001 to 2002?
|
17%
|
{
"answer": "17%",
"decimal": 0.17,
"type": "percentage"
}
| |
adobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2013 and 2012 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .
[['', '2013', '2012'], ['beginning balance', '$ 160468', '$ 163607'], ['gross increases in unrecognized tax benefits 2013 prior year tax positions', '20244', '1038'], ['gross increases in unrecognized tax benefits 2013 current year tax positions', '16777', '23771'], ['settlements with taxing authorities', '-55851 ( 55851 )', '-1754 ( 1754 )'], ['lapse of statute of limitations', '-4066 ( 4066 )', '-25387 ( 25387 )'], ['foreign exchange gains and losses', '-1474 ( 1474 )', '-807 ( 807 )'], ['ending balance', '$ 136098', '$ 160468']]
as of november 29 , 2013 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 11.4 million .we file income tax returns in the u.s .on a federal basis and in many u.s .state and foreign jurisdictions .we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .our major tax jurisdictions are the u.s. , ireland and california .for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2010 , respectively .we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations .we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .in july 2013 , a u.s .income tax examination covering our fiscal years 2008 and 2009 was completed .our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable .we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 .the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities .we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both .given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million .note 10 .restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , we initiated a restructuring plan consisting of reductions in workforce and the consolidation of facilities in order to better align our resources around our digital media and digital marketing strategies .during fiscal 2013 , we continued to implement restructuring activities under this plan .total costs incurred to date and expected to be incurred for closing redundant facilities are $ 12.2 million as all facilities under this plan have been exited as of november 29 , 2013 .other restructuring plans other restructuring plans include other adobe plans and other plans associated with certain of our acquisitions that are substantially complete .we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant .our other restructuring plans primarily consist of the 2009 restructuring plan , which was implemented in the fourth quarter of fiscal 2009 , in order to appropriately align our costs in connection with our fiscal 2010 operating plan. .
|
for the july 2013 settled examination , what percentage of the cash and income tax assets in the settlement was represented by income tax benefit recorded in the third quarter of fiscal 2013?
|
17.5%
|
{
"answer": "17.5%",
"decimal": 0.175,
"type": "percentage"
}
| |
the authorized costs of $ 76 are to be recovered via a surcharge over a twenty-year period beginning october 2012 .surcharges collected as of december 31 , 2015 and 2014 were $ 4 and $ 5 , respectively .in addition to the authorized costs , the company expects to incur additional costs totaling $ 34 , which will be recovered from contributions made by the california state coastal conservancy .contributions collected as of december 31 , 2015 and 2014 were $ 8 and $ 5 , respectively .regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded .regulatory balancing accounts include low income programs and purchased power and water accounts .debt expense is amortized over the lives of the respective issues .call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates .purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s california subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey subsidiary .as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 .tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service .other regulatory assets include certain deferred business transformation costs , construction costs for treatment facilities , property tax stabilization , employee-related costs , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others .these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods .regulatory liabilities the regulatory liabilities generally represent probable future reductions in revenues associated with amounts that are to be credited or refunded to customers through the rate-making process .the following table summarizes the composition of regulatory liabilities as of december 31: .
[['', '2015', '2014'], ['removal costs recovered through rates', '$ 311', '$ 301'], ['pension and other postretirement benefitbalancing accounts', '59', '54'], ['other', '32', '37'], ['total regulatory liabilities', '$ 402', '$ 392']]
removal costs recovered through rates are estimated costs to retire assets at the end of their expected useful life that are recovered through customer rates over the life of the associated assets .in december 2008 , the company 2019s subsidiary in new jersey , at the direction of the new jersey puc , began to depreciate $ 48 of the total balance into depreciation and amortization expense in the consolidated statements of operations via straight line amortization through november 2048 .pension and other postretirement benefit balancing accounts represent the difference between costs incurred and costs authorized by the puc 2019s that are expected to be refunded to customers. .
|
what was the growth rate of the removal costs from 2014 to 2015
|
3.3%
|
{
"answer": "3.3%",
"decimal": 0.033,
"type": "percentage"
}
|
the removal costs grew by 3.3% from 2014 to 2015
|
item 2 .properties a summary of our significant locations at december 31 , 2011 is shown in the following table .all facilities are leased , except for 165000 square feet of our office in alpharetta , georgia .square footage amounts are net of space that has been sublet or part of a facility restructuring. .
[['location', 'approximate square footage'], ['alpharetta georgia', '260000'], ['arlington virginia', '119000'], ['jersey city new jersey', '107000'], ['menlo park california', '91000'], ['sandy utah', '66000'], ['new york new york', '39000'], ['chicago illinois', '25000']]
all of our facilities are used by either our trading and investing or balance sheet management segments , in addition to the corporate/other category .all other leased facilities with space of less than 25000 square feet are not listed by location .in addition to the significant facilities above , we also lease all 28 e*trade branches , ranging in space from approximately 2500 to 7000 square feet .we believe our facilities space is adequate to meet our needs in 2012 .item 3 .legal proceedings on october 27 , 2000 , ajaxo , inc .( 201cajaxo 201d ) filed a complaint in the superior court for the state of california , county of santa clara .ajaxo sought damages and certain non-monetary relief for the company 2019s alleged breach of a non-disclosure agreement with ajaxo pertaining to certain wireless technology that ajaxo offered the company as well as damages and other relief against the company for their alleged misappropriation of ajaxo 2019s trade secrets .following a jury trial , a judgment was entered in 2003 in favor of ajaxo against the company for $ 1.3 million for breach of the ajaxo non-disclosure agreement .although the jury found in favor of ajaxo on its claim against the company for misappropriation of trade secrets , the trial court subsequently denied ajaxo 2019s requests for additional damages and relief .on december 21 , 2005 , the california court of appeal affirmed the above-described award against the company for breach of the nondisclosure agreement but remanded the case to the trial court for the limited purpose of determining what , if any , additional damages ajaxo may be entitled to as a result of the jury 2019s previous finding in favor of ajaxo on its claim against the company for misappropriation of trade secrets .although the company paid ajaxo the full amount due on the above-described judgment , the case was remanded back to the trial court , and on may 30 , 2008 , a jury returned a verdict in favor of the company denying all claims raised and demands for damages against the company .following the trial court 2019s filing of entry of judgment in favor of the company on september 5 , 2008 , ajaxo filed post-trial motions for vacating this entry of judgment and requesting a new trial .by order dated november 4 , 2008 , the trial court denied these motions .on december 2 , 2008 , ajaxo filed a notice of appeal with the court of appeal of the state of california for the sixth district .oral argument on the appeal was heard on july 15 , 2010 .on august 30 , 2010 , the court of appeal affirmed the trial court 2019s verdict in part and reversed the verdict in part , remanding the case .e*trade petitioned the supreme court of california for review of the court of appeal decision .on december 16 , 2010 , the california supreme court denied the company 2019s petition for review and remanded for further proceedings to the trial court .on september 20 , 2011 , the trial court granted limited discovery at a conference on november 4 , 2011 , and set a motion schedule and trial date .the trial will continue on may 14 , 2012 .the company will continue to defend itself vigorously .on october 2 , 2007 , a class action complaint alleging violations of the federal securities laws was filed in the united states district court for the southern district of new york against the company and its then .
|
as of december 31 , 2011 what was the ratio of square footage in menlo park california to sandy utah
|
1.38
|
{
"answer": "1.38",
"decimal": 1.38,
"type": "float"
}
|
as of december 31 , 2011 there was 1.38 square footage in menlo park california to each square foot sandy utah
|
2022 designate subsidiaries as unrestricted subsidiaries ; and 2022 sell certain assets or merge with or into other companies .subject to certain exceptions , the indentures governing the senior subordinated notes and the senior discount notes permit the issuers of the notes and their restricted subsidiaries to incur additional indebtedness , including secured indebtedness .in addition , the senior credit facilities require bcp crystal to maintain the following financial covenants : a maximum total leverage ratio , a maximum bank debt leverage ratio , a minimum interest coverage ratio and maximum capital expenditures limitation .the maximum consolidated net bank debt to adjusted ebitda ratio , as defined , previously required under the senior credit facilities , was eliminated when the company amended the facilities in january 2005 .as of december 31 , 2006 , the company was in compliance with all of the financial covenants related to its debt agreements .principal payments scheduled to be made on the company 2019s debt , including short term borrowings , is as follows : ( in $ millions ) .
[['', 'total ( in $ millions )'], ['2007', '309'], ['2008', '25'], ['2009', '50'], ['2010', '39'], ['2011', '1485'], ['thereafter ( 1 )', '1590'], ['total', '3498']]
( 1 ) includes $ 2 million purchase accounting adjustment to assumed debt .17 .benefit obligations pension obligations .pension obligations are established for benefits payable in the form of retirement , disability and surviving dependent pensions .the benefits offered vary according to the legal , fiscal and economic conditions of each country .the commitments result from participation in defined contribution and defined benefit plans , primarily in the u.s .benefits are dependent on years of service and the employee 2019s compensation .supplemental retirement benefits provided to certain employees are non-qualified for u.s .tax purposes .separate trusts have been established for some non-qualified plans .the company sponsors defined benefit pension plans in north america , europe and asia .as of december 31 , 2006 , the company 2019s u.s .qualified pension plan represented greater than 84% ( 84 % ) and 76% ( 76 % ) of celanese 2019s pension plan assets and liabilities , respectively .independent trusts or insurance companies administer the majority of these plans .pension costs under the company 2019s retirement plans are actuarially determined .the company sponsors various defined contribution plans in north america , europe , and asia covering certain employees .employees may contribute to these plans and the company will match these contributions in varying amounts .the company 2019s matching contribution to the defined contribution plans are based on specified percentages of employee contributions and aggregated $ 11 million , $ 12 million , $ 8 million and $ 3 million for the years ended december 31 , 2006 and 2005 , the nine months ended december 31 , 2004 and the three months ended march 31 , 2004 , respectively .celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) .
|
what is the average of the principal payments scheduled from 2007 to 2011
|
381.6
|
{
"answer": "381.6",
"decimal": 381.6,
"type": "float"
}
|
the average of the 5 years
|
entergy arkansas , inc .management's financial discussion and analysis operating activities cash flow from operations increased $ 8.8 million in 2004 compared to 2003 primarily due to income tax benefits received in 2004 , and increased recovery of deferred fuel costs .this increase was substantially offset by money pool activity .in 2003 , the domestic utility companies and system energy filed , with the irs , a change in tax accounting method notification for their respective calculations of cost of goods sold .the adjustment implemented a simplified method of allocation of overhead to the production of electricity , which is provided under the irs capitalization regulations .the cumulative adjustment placing these companies on the new methodology resulted in a $ 1.171 billion deduction for entergy arkansas on entergy's 2003 income tax return .there was no cash benefit from the method change in 2003 .in 2004 , entergy arkansas realized $ 173 million in cash tax benefit from the method change .this tax accounting method change is an issue across the utility industry and will likely be challenged by the irs on audit .as of december 31 , 2004 , entergy arkansas has a net operating loss ( nol ) carryforward for tax purposes of $ 766.9 million , principally resulting from the change in tax accounting method related to cost of goods sold .if the tax accounting method change is sustained , entergy arkansas expects to utilize the nol carryforward through 2006 .cash flow from operations increased $ 80.1 million in 2003 compared to 2002 primarily due to income taxes paid of $ 2.2 million in 2003 compared to income taxes paid of $ 83.9 million in 2002 , and money pool activity .this increase was partially offset by decreased recovery of deferred fuel costs in 2003 .entergy arkansas' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
[['2004', '2003', '2002', '2001'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 23561', '( $ 69153 )', '$ 4279', '$ 23794']]
money pool activity used $ 92.7 million of entergy arkansas' operating cash flow in 2004 , provided $ 73.4 million in 2003 , and provided $ 19.5 million in 2002 .see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .investing activities the decrease of $ 68.1 million in net cash used in investing activities in 2004 compared to 2003 was primarily due to a decrease in construction expenditures resulting from less transmission upgrade work requested by merchant generators in 2004 combined with lower spending on customer support projects in 2004 .the increase of $ 88.1 million in net cash used in investing activities in 2003 compared to 2002 was primarily due to an increase in construction expenditures of $ 57.4 million and the maturity of $ 38.4 million of other temporary investments in the first quarter of 2002 .construction expenditures increased in 2003 primarily due to the following : 2022 a ferc ruling that shifted responsibility for transmission upgrade work performed for independent power producers to entergy arkansas ; and 2022 the ano 1 steam generator , reactor vessel head , and transformer replacement project .financing activities the decrease of $ 90.7 million in net cash used in financing activities in 2004 compared to 2003 was primarily due to the net redemption of $ 2.4 million of long-term debt in 2004 compared to $ 109.3 million in 2003 , partially offset by the payment of $ 16.2 million more in common stock dividends during the same period. .
|
what is the percent change in receivables from or ( payables to ) the money pool from 2001 to 2002?
|
456%
|
{
"answer": "456%",
"decimal": 4.56,
"type": "percentage"
}
| |
increased over 4% ( 4 % ) in 2005 , costs for trucking services provided by intermodal carriers remained flat as we substantially reduced expenses associated with network inefficiencies .higher diesel fuel prices increased sales and use taxes in 2005 , which resulted in higher state and local taxes .other contract expenses for equipment maintenance and other services increased in 2005 .the 2005 january west coast storm and hurricanes katrina and rita also contributed to higher expenses in 2005 ( net of insurance settlements received ) .partially offsetting these increases was a reduction in relocation expenses as we incurred higher relocation costs associated with moving support personnel to omaha , nebraska during 2004 .non-operating items millions of dollars 2006 2005 2004 % ( % ) change 2006 v 2005 % ( % ) change 2005 v 2004 .
[['millions of dollars', '2006', '2005', '2004', '% ( % ) change 2006 v 2005', '% ( % ) change 2005 v 2004'], ['other income', '$ 118', '$ 145', '$ 88', '( 19 ) % ( % )', '65% ( 65 % )'], ['interest expense', '-477 ( 477 )', '-504 ( 504 )', '-527 ( 527 )', '-5 ( 5 )', '-4 ( 4 )'], ['income taxes', '-919 ( 919 )', '-410 ( 410 )', '-252 ( 252 )', '124', '63']]
other income 2013 lower net gains from non-operating asset sales and higher expenses due to rising interest rates associated with our sale of receivables program resulted in a reduction in other income in 2006 , which was partially offset by higher rental income for the use of our right-of-way ( including 2006 settlements of rate disputes from prior years ) and cash investment returns due to higher interest rates .in 2005 , other income increased largely as a result of higher gains from real estate sales partially offset by higher expenses due to rising interest rates associated with our sale of receivables program .interest expense 2013 lower interest expense in 2006 and 2005 was primarily due to declining weighted-average debt levels of $ 7.1 billion , $ 7.8 billion , and $ 8.1 billion in 2006 , 2005 , and 2004 , respectively .a higher effective interest rate of 6.7% ( 6.7 % ) in 2006 , compared to 6.5% ( 6.5 % ) in both 2005 and 2004 , partially offset the effects of the declining debt level .income taxes 2013 income tax expense was $ 509 million higher in 2006 than 2005 .higher pre-tax income resulted in additional taxes of $ 414 million and $ 118 million of the increase resulted from the one-time reduction in 2005 described below .our effective tax rate was 36.4% ( 36.4 % ) and 28.6% ( 28.6 % ) in 2006 and 2005 , respectively .income taxes were greater in 2005 than 2004 due to higher pre-tax income partially offset by a previously reported reduction in income tax expense .in our quarterly report on form 10-q for the quarter ended june 30 , 2005 , we reported that the corporation analyzed the impact that final settlements of pre-1995 tax years had on previously recorded estimates of deferred tax assets and liabilities .the completed analysis of the final settlements for pre-1995 tax years , along with internal revenue service examination reports for tax years 1995 through 2002 were considered , among other things , in a review and re-evaluation of the corporation 2019s estimated deferred tax assets and liabilities as of september 30 , 2005 , resulting in an income tax expense reduction of $ 118 million in .
|
what was the average other income from 2004 to 2006 in millions
|
117
|
{
"answer": "117",
"decimal": 117,
"type": "float"
}
| |
the following details the impairment charge resulting from our review ( in thousands ) : .
[['', 'year ended may 31 2009'], ['goodwill', '$ 136800'], ['trademark', '10000'], ['other long-lived assets', '864'], ['total', '$ 147664']]
net income attributable to noncontrolling interests , net of tax noncontrolling interest , net of tax increased $ 28.9 million from $ 8.1 million fiscal 2008 .the increase was primarily related to our acquisition of a 51% ( 51 % ) majority interest in hsbc merchant services , llp on june 30 , net income attributable to global payments and diluted earnings per share during fiscal 2009 we reported net income of $ 37.2 million ( $ 0.46 diluted earnings per share ) .liquidity and capital resources a significant portion of our liquidity comes from operating cash flows , which are generally sufficient to fund operations , planned capital expenditures , debt service and various strategic investments in our business .cash flow from operations is used to make planned capital investments in our business , to pursue acquisitions that meet our corporate objectives , to pay dividends , and to pay off debt and repurchase our shares at the discretion of our board of directors .accumulated cash balances are invested in high-quality and marketable short term instruments .our capital plan objectives are to support the company 2019s operational needs and strategic plan for long term growth while maintaining a low cost of capital .lines of credit are used in certain of our markets to fund settlement and as a source of working capital and , along with other bank financing , to fund acquisitions .we regularly evaluate our liquidity and capital position relative to cash requirements , and we may elect to raise additional funds in the future , either through the issuance of debt , equity or otherwise .at may 31 , 2010 , we had cash and cash equivalents totaling $ 769.9 million .of this amount , we consider $ 268.1 million to be available cash , which generally excludes settlement related and merchant reserve cash balances .settlement related cash balances represent surplus funds that we hold on behalf of our member sponsors when the incoming amount from the card networks precedes the member sponsors 2019 funding obligation to the merchant .merchant reserve cash balances represent funds collected from our merchants that serve as collateral ( 201cmerchant reserves 201d ) to minimize contingent liabilities associated with any losses that may occur under the merchant agreement .at may 31 , 2010 , our cash and cash equivalents included $ 199.4 million related to merchant reserves .while this cash is not restricted in its use , we believe that designating this cash to collateralize merchant reserves strengthens our fiduciary standing with our member sponsors and is in accordance with the guidelines set by the card networks .see cash and cash equivalents and settlement processing assets and obligations under note 1 in the notes to the consolidated financial statements for additional details .net cash provided by operating activities increased $ 82.8 million to $ 465.8 million for fiscal 2010 from the prior year .income from continuing operations increased $ 16.0 million and we had cash provided by changes in working capital of $ 60.2 million .the working capital change was primarily due to the change in net settlement processing assets and obligations of $ 80.3 million and the change in accounts receivable of $ 13.4 million , partially offset by the change .
|
what portion of the impairment charge is related to goodwill?
|
92.6%
|
{
"answer": "92.6%",
"decimal": 0.9259999999999999,
"type": "percentage"
}
| |
note 17 .accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
[['( losses ) earnings ( in millions )', '( losses ) earnings 2017', '( losses ) earnings 2016', '2015'], ['currency translation adjustments', '$ -5761 ( 5761 )', '$ -6091 ( 6091 )', '$ -6129 ( 6129 )'], ['pension and other benefits', '-2816 ( 2816 )', '-3565 ( 3565 )', '-3332 ( 3332 )'], ['derivatives accounted for as hedges', '42', '97', '59'], ['total accumulated other comprehensive losses', '$ -8535 ( 8535 )', '$ -9559 ( 9559 )', '$ -9402 ( 9402 )']]
reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2017 , 2016 , and 2015 .for the years ended december 31 , 2017 , 2016 , and 2015 , $ 2 million , $ ( 5 ) million and $ 1 million of net currency translation adjustment gains/ ( losses ) were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings , respectively , upon liquidation of subsidiaries .for additional information , see note 13 .benefit plans and note 15 .financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .note 18 .contingencies : tobacco-related litigation legal proceedings covering a wide range of matters are pending or threatened against us , and/or our subsidiaries , and/or our indemnitees in various jurisdictions .our indemnitees include distributors , licensees and others that have been named as parties in certain cases and that we have agreed to defend , as well as to pay costs and some or all of judgments , if any , that may be entered against them .pursuant to the terms of the distribution agreement between altria group , inc .( "altria" ) and pmi , pmi will indemnify altria and philip morris usa inc .( "pm usa" ) , a u.s .tobacco subsidiary of altria , for tobacco product claims based in substantial part on products manufactured by pmi or contract manufactured for pmi by pm usa , and pm usa will indemnify pmi for tobacco product claims based in substantial part on products manufactured by pm usa , excluding tobacco products contract manufactured for pmi .it is possible that there could be adverse developments in pending cases against us and our subsidiaries .an unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation .damages claimed in some of the tobacco-related litigation are significant and , in certain cases in brazil , canada and nigeria , range into the billions of u.s .dollars .the variability in pleadings in multiple jurisdictions , together with the actual experience of management in litigating claims , demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome .much of the tobacco-related litigation is in its early stages , and litigation is subject to uncertainty .however , as discussed below , we have to date been largely successful in defending tobacco-related litigation .we and our subsidiaries record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated .at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , after assessing the information available to it ( i ) management has not concluded that it is probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss for any of the pending tobacco-related cases ; and ( iii ) accordingly , no estimated loss has been accrued in the consolidated financial statements for unfavorable outcomes in these cases , if any .legal defense costs are expensed as incurred. .
|
what is the percentage change in total accumulated other comprehensive losses from 2016 to 2017?
|
-10.7%
|
{
"answer": "-10.7%",
"decimal": -0.107,
"type": "percentage"
}
| |
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: .
[['in millions of dollars', 'december 31 , 2017', 'december 31 , 2016'], ['receivables from customers', '$ 19215', '$ 10374'], ['receivables from brokers dealers and clearing organizations', '19169', '18513'], ['total brokerage receivables ( 1 )', '$ 38384', '$ 28887'], ['payables to customers', '$ 38741', '$ 37237'], ['payables to brokers dealers and clearing organizations', '22601', '19915'], ['total brokerage payables ( 1 )', '$ 61342', '$ 57152']]
payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
|
at december 312017 what was the ratio of the total brokerage receivables to the total brokerage payables
|
0.63
|
{
"answer": "0.63",
"decimal": 0.63,
"type": "float"
}
|
at december 312017 there was $ 0.63 of total brokerage receivables for every $ 1 of total brokerage payables
|
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( c o n t i n u e d ) the realization of this investment gain ( $ 5624 net of the award ) .this award , which will be paid out over a three-year period , is presented as deferred compensation award on the balance sheet .as of december 31 , 2002 , $ 1504 had been paid against this compensation award .401 ( k ) plan during august 1997 , the company implemented a 401 ( k ) savings/retirement plan ( the 201c401 ( k ) plan 201d ) to cover eligible employees of the company and any designated affiliate .the 401 ( k ) plan permits eligible employees of the company to defer up to 15% ( 15 % ) of their annual compensation , subject to cer- tain limitations imposed by the code .the employees 2019 elec- tive deferrals are immediately vested and non-forfeitable upon contribution to the 401 ( k ) plan .during 2000 , the company amended its 401 ( k ) plan to include a matching contribution , subject to erisa limitations , equal to 50% ( 50 % ) of the first 4% ( 4 % ) of annual compensation deferred by an employee .for the years ended december 31 , 2002 , 2001 and 2000 , the company made matching contributions of $ 140 , $ 116 and $ 54 , respectively .18 .commitments and contingencies the company and the operating partnership are not presently involved in any material litigation nor , to their knowledge , is any material litigation threatened against them or their properties , other than routine litigation arising in the ordinary course of business .management believes the costs , if any , incurred by the company and the operating partnership related to this litigation will not materially affect the financial position , operating results or liquidity of the company and the operating partnership .on october 24 , 2001 , an accident occurred at 215 park avenue south , a property which the company manages , but does not own .personal injury claims have been filed against the company and others by 11 persons .the company believes that there is sufficient insurance coverage to cover the cost of such claims , as well as any other personal injury or property claims which may arise .the company has entered into employment agreements with certain executives .six executives have employment agreements which expire between november 2003 and december 2007 .the cash based compensation associated with these employment agreements totals approximately $ 2125 for 2003 .during march 1998 , the company acquired an operating sub-leasehold position at 420 lexington avenue .the oper- ating sub-leasehold position requires annual ground lease payments totaling $ 6000 and sub-leasehold position pay- ments totaling $ 1100 ( excluding an operating sub-lease position purchased january 1999 ) .the ground lease and sub-leasehold positions expire 2008 .the company may extend the positions through 2029 at market rents .the property located at 1140 avenue of the americas operates under a net ground lease ( $ 348 annually ) with a term expiration date of 2016 and with an option to renew for an additional 50 years .the property located at 711 third avenue operates under an operating sub-lease which expires in 2083 .under the sub- lease , the company is responsible for ground rent payments of $ 1600 annually which increased to $ 3100 in july 2001 and will continue for the next ten years .the ground rent is reset after year ten based on the estimated fair market value of the property .in april 1988 , the sl green predecessor entered into a lease agreement for property at 673 first avenue in new york city , which has been capitalized for financial statement purposes .land was estimated to be approximately 70% ( 70 % ) of the fair market value of the property .the portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease .the initial lease term is 49 years with an option for an additional 26 years .beginning in lease years 11 and 25 , the lessor is entitled to additional rent as defined by the lease agreement .the company continues to lease the 673 first avenue prop- erty which has been classified as a capital lease with a cost basis of $ 12208 and cumulative amortization of $ 3579 and $ 3306 at december 31 , 2002 and 2001 , respectively .the fol- lowing is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of december 31 , 2002 .non-cancellable operating december 31 , capital leases leases .
[['december 31,', 'capital leases', 'non-cancellable operating leases'], ['2003', '$ 1290', '$ 11982'], ['2004', '1290', '11982'], ['2005', '1290', '11982'], ['2006', '1322', '11982'], ['2007', '1416', '11982'], ['thereafter', '56406', '296277'], ['total minimum lease payments', '63014', '356187'], ['less amount representing interest', '47152', '2014'], ['present value of net minimum lease payments', '$ 15862', '$ 356187']]
19 .financial instruments : derivatives and hedging financial accounting standards board 2019s statement no .133 , 201caccounting for derivative instruments and hedging activities , 201d ( 201csfas 133 201d ) which became effective january 1 , 2001 requires the company to recognize all derivatives on the balance sheet at fair value .derivatives that are not hedges must be adjusted to fair value through income .if a derivative is a hedge , depending on the nature of the hedge , f i f t y - t w o s l g r e e n r e a l t y c o r p . .
|
the lessor is entitled to additional rent as defined by the lease agreement for what percentage of the original agreement?
|
28.57%
|
{
"answer": "28.57%",
"decimal": 0.2857,
"type": "percentage"
}
| |
hii expects to incur higher costs to complete ships currently under construction in avondale due to anticipated reductions in productivity .as a result , in the second quarter of 2010 , the company increased the estimates to complete lpd-23 and lpd-25 by approximately $ 210 million .the company recognized a $ 113 million pre-tax charge to operating income for these contracts in the second quarter of 2010 .hii is exploring alternative uses of the avondale facility , including alternative opportunities for the workforce .in connection with and as a result of the decision to wind down shipbuilding operations at the avondale , louisiana facility , the company began incurring and paying related employee severance and incentive compensation liabilities and expenditures , asset retirement obligation liabilities that became reasonably estimable , and amounts owed for not meeting certain requirements under its cooperative endeavor agreement with the state of louisiana .the company anticipates that it will incur substantial other restructuring and facilities shutdown related costs , including , but not limited to , severance expense , relocation expense , and asset write-downs related to the avondale facilities .these costs are expected to be allowable expenses under government accounting standards and thus should be recoverable in future years 2019 overhead costs .these future costs could approximate $ 271 million , based on management 2019s current estimate .such costs should be recoverable under existing flexibly priced contracts or future negotiated contracts in accordance with federal acquisition regulation ( 201cfar 201d ) provisions relating to the treatment of restructuring and shutdown related costs .the company is currently in discussions with the u.s .navy regarding its cost submission to support the recoverability of these costs under the far and applicable contracts , and this submission is subject to review and acceptance by the u.s .navy .the defense contract audit agency ( 201cdcaa 201d ) , a dod agency , prepared an initial audit report on the company 2019s cost proposal for restructuring and shutdown related costs of $ 310 million , which stated that the proposal was not adequately supported for the dcaa to reach a conclusion and questioned approximately $ 25 million , or 8% ( 8 % ) , of the costs submitted by the company .accordingly , the dcaa did not accept the proposal as submitted .the company has submitted a revised proposal to address the concerns of the dcaa and to reflect a revised estimated total cost of $ 271 million .should the company 2019s revised proposal be challenged by the u.s .navy , the company would likely pursue prescribed dispute resolution alternatives to resolve the challenge .that process , however , would create uncertainty as to the timing and eventual allowability of the costs related to the wind down of the avondale facility .ultimately , the company anticipates these discussions with the u.s .navy will result in an agreement that is substantially in accordance with management 2019s cost recovery expectations .accordingly , hii has treated these costs as allowable costs in determining the earnings performance on its contracts in process .the actual restructuring expenses related to the wind down may be greater than the company 2019s current estimate , and any inability to recover such costs could result in a material effect on the company 2019s consolidated financial position , results of operations or cash flows .the company also evaluated the effect that the wind down of the avondale facilities might have on the benefit plans in which hii employees participate .hii determined that the potential impact of a curtailment in these plans was not material to its consolidated financial position , results of operations or cash flows .the table below summarizes the company 2019s liability for restructuring and shutdown related costs associated with winding down the avondale facility .as of december 31 , 2011 and 2010 , these costs are comprised primarily of employee severance and retention and incentive bonuses .these amounts were capitalized in inventoried costs , and will be recognized as expenses in cost of product sales beginning in 2014 .( $ in millions ) employee compensation other accruals total .
[['( $ in millions )', 'employee compensation', 'other accruals', 'total'], ['balance at january 1 2010', '$ 0', '$ 0', '$ 0'], ['accrual established', '27', '39', '66'], ['payments', '0', '0', '0'], ['adjustments', '0', '0', '0'], ['balance at december 31 2010', '$ 27', '$ 39', '$ 66'], ['accrual established', '0', '0', '0'], ['payments', '-24 ( 24 )', '-36 ( 36 )', '-60 ( 60 )'], ['adjustments', '47', '-3 ( 3 )', '44'], ['balance at december 31 2011', '$ 50', '$ 0', '$ 50']]
.
|
what was the percentage reduction in the shut down related costs as presented to the dod
|
12.6%
|
{
"answer": "12.6%",
"decimal": 0.126,
"type": "percentage"
}
|
the percentage change is the change from the current to most recent divide by the most recent
|
no .159 requires that unrealized gains and losses on items for which the fair value option has been elected be reported in earnings at each reporting date .sfas no .159 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .although the company will continue to evaluate the application of sfas no .159 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .in september 2006 , the fasb issued sfas no .157 , fair value measurements , which defines fair value , provides a framework for measuring fair value , and expands the disclosures required for fair value measurements .sfas no .157 applies to other accounting pronouncements that require fair value measurements ; it does not require any new fair value measurements .sfas no .157 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .although the company will continue to evaluate the application of sfas no .157 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .in june 2006 , the fasb issued fasb interpretation no .( 2018 2018fin 2019 2019 ) 48 , accounting for uncertainty in income taxes-an interpretation of fasb statement no .109 .fin 48 clarifies the accounting for uncertainty in income taxes by creating a framework for how companies should recognize , measure , present , and disclose in their financial statements uncertain tax positions that they have taken or expect to take in a tax return .fin 48 is effective for fiscal years beginning after december 15 , 2006 and is required to be adopted by the company beginning in the first quarter of fiscal 2008 .although the company will continue to evaluate the application of fin 48 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
[['', 'september 29 2007', 'september 30 2006', 'september 24 2005'], ['cash cash equivalents and short-term investments', '$ 15386', '$ 10110', '$ 8261'], ['accounts receivable net', '$ 1637', '$ 1252', '$ 895'], ['inventory', '$ 346', '$ 270', '$ 165'], ['working capital', '$ 12657', '$ 8066', '$ 6813'], ['annual operating cash flow', '$ 5470', '$ 2220', '$ 2535']]
as of september 29 , 2007 , the company had $ 15.4 billion in cash , cash equivalents , and short-term investments , an increase of $ 5.3 billion over the same balance at the end of september 30 , 2006 .the principal components of this net increase were cash generated by operating activities of $ 5.5 billion , proceeds from the issuance of common stock under stock plans of $ 365 million and excess tax benefits from stock-based compensation of $ 377 million .these increases were partially offset by payments for acquisitions of property , plant , and equipment of $ 735 million and payments for acquisitions of intangible assets of $ 251 million .the company 2019s short-term investment portfolio is primarily invested in highly rated , liquid investments .as of september 29 , 2007 and september 30 , 2006 , $ 6.5 billion and $ 4.1 billion , respectively , of the company 2019s cash , cash equivalents , and short-term investments were held by foreign subsidiaries and are generally based in u.s .dollar-denominated holdings .the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months. .
|
what was the percentage change in inventory between 2006 and 2007?
|
28%
|
{
"answer": "28%",
"decimal": 0.28,
"type": "percentage"
}
| |
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2013 primarily related to payments for capital expenditures and acquisitions .capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements .we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired .financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends .during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock .this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes .net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends .we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes .in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock .foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 101.0 in 2014 .the decrease was primarily a result of the u.s .dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 .the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 .the decrease was primarily a result of the u.s .dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. .
[['balance sheet data', 'december 31 , 2014', 'december 31 , 2013'], ['cash cash equivalents and marketable securities', '$ 1667.2', '$ 1642.1'], ['short-term borrowings', '$ 107.2', '$ 179.1'], ['current portion of long-term debt', '2.1', '353.6'], ['long-term debt', '1623.5', '1129.8'], ['total debt', '$ 1732.8', '$ 1662.5']]
liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months .we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs .we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends .from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk .our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit .there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. .
|
what is the net change in cash , cash equivalents and marketable securities in 2014?
|
25.1
|
{
"answer": "25.1",
"decimal": 25.1,
"type": "float"
}
| |
item 1 .business cna financial corporation ( continued ) and possible regulatory limitations , impositions and restrictions arising from the emergency economic stabilization act of 2008 .properties : the 333 s .wabash avenue building , located in chicago , illinois and owned by ccc , a wholly owned subsidiary of cna , serves as the home office for cna and its insurance subsidiaries .cna owns or leases office space in various cities throughout the united states and in other countries .the following table sets forth certain information with respect to the principal office buildings owned or leased by cna : location ( square feet ) principal usage 333 s .wabash avenue 803728 principal executive offices of cna chicago , illinois 401 penn street 171318 property and casualty insurance offices reading , pennsylvania 2405 lucien way 121959 property and casualty insurance offices maitland , florida 40 wall street 107927 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s .phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n .pearl street 70790 property and casualty insurance offices dallas , texas 675 placentia avenue 63538 property and casualty insurance offices brea , california 1249 s .river road 56100 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned .diamond offshore drilling , inc .diamond offshore drilling , inc .( 201cdiamond offshore 201d ) , is engaged , through its subsidiaries , in the business of owning and operating drilling rigs that are used in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons .diamond offshore owns 47 offshore rigs .diamond offshore accounted for 25.9% ( 25.9 % ) , 26.3% ( 26.3 % ) and 18.3% ( 18.3 % ) of our consolidated total revenue for the years ended december 31 , 2009 , 2008 and 2007 .diamond offshore owns and operates 32 semisubmersible rigs , consisting of 13 high specification and 19 intermediate rigs .semisubmersible rigs consist of an upper working and living deck resting on vertical columns connected to lower hull members .such rigs operate in a 201csemi-submerged 201d position , remaining afloat , off bottom , in a position in which the lower hull is approximately 55 feet to 90 feet below the water line and the upper deck protrudes well above the surface .semisubmersible rigs are typically anchored in position and remain stable for drilling in the semi-submerged floating position due in part to their wave transparency characteristics at the water line .semisubmersible rigs can also be held in position through the use of a computer controlled thruster ( 201cdynamic-positioning 201d ) system to maintain the rig 2019s position over a drillsite .five semisubmersible rigs in diamond offshore 2019s fleet have this capability .diamond offshore 2019s high specification semisubmersible rigs are generally capable of working in water depths of 4000 feet or greater or in harsh environments and have other advanced features , as compared to intermediate semisubmersible rigs .as of january 25 , 2010 , seven of the 13 high specification semisubmersible rigs , including the recently acquired ocean courage , were located in the u.s .gulf of mexico ( 201cgom 201d ) .at that date diamond offshore had two high specification semisubmersible rigs operating offshore brazil , while a third was en route to brazil from the gom .of .
[['location', 'size ( square feet )', 'principal usage'], ['333 s . wabash avenue chicago illinois', '803728', 'principal executive offices of cna'], ['401 penn street reading pennsylvania', '171318', 'property and casualty insurance offices'], ['2405 lucien way maitland florida', '121959', 'property and casualty insurance offices'], ['40 wall street new york new york', '107927', 'property and casualty insurance offices'], ['1100 ward avenue honolulu hawaii', '104478', 'property and casualty insurance offices'], ['101 s . phillips avenue sioux falls south dakota', '83616', 'property and casualty insurance offices'], ['600 n . pearl street dallas texas', '70790', 'property and casualty insurance offices'], ['675 placentia avenue brea california', '63538', 'property and casualty insurance offices'], ['1249 s . river road cranbury new jersey', '56100', 'property and casualty insurance offices'], ['4267 meridian parkway aurora illinois', '46903', 'data center']]
item 1 .business cna financial corporation ( continued ) and possible regulatory limitations , impositions and restrictions arising from the emergency economic stabilization act of 2008 .properties : the 333 s .wabash avenue building , located in chicago , illinois and owned by ccc , a wholly owned subsidiary of cna , serves as the home office for cna and its insurance subsidiaries .cna owns or leases office space in various cities throughout the united states and in other countries .the following table sets forth certain information with respect to the principal office buildings owned or leased by cna : location ( square feet ) principal usage 333 s .wabash avenue 803728 principal executive offices of cna chicago , illinois 401 penn street 171318 property and casualty insurance offices reading , pennsylvania 2405 lucien way 121959 property and casualty insurance offices maitland , florida 40 wall street 107927 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s .phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n .pearl street 70790 property and casualty insurance offices dallas , texas 675 placentia avenue 63538 property and casualty insurance offices brea , california 1249 s .river road 56100 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned .diamond offshore drilling , inc .diamond offshore drilling , inc .( 201cdiamond offshore 201d ) , is engaged , through its subsidiaries , in the business of owning and operating drilling rigs that are used in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons .diamond offshore owns 47 offshore rigs .diamond offshore accounted for 25.9% ( 25.9 % ) , 26.3% ( 26.3 % ) and 18.3% ( 18.3 % ) of our consolidated total revenue for the years ended december 31 , 2009 , 2008 and 2007 .diamond offshore owns and operates 32 semisubmersible rigs , consisting of 13 high specification and 19 intermediate rigs .semisubmersible rigs consist of an upper working and living deck resting on vertical columns connected to lower hull members .such rigs operate in a 201csemi-submerged 201d position , remaining afloat , off bottom , in a position in which the lower hull is approximately 55 feet to 90 feet below the water line and the upper deck protrudes well above the surface .semisubmersible rigs are typically anchored in position and remain stable for drilling in the semi-submerged floating position due in part to their wave transparency characteristics at the water line .semisubmersible rigs can also be held in position through the use of a computer controlled thruster ( 201cdynamic-positioning 201d ) system to maintain the rig 2019s position over a drillsite .five semisubmersible rigs in diamond offshore 2019s fleet have this capability .diamond offshore 2019s high specification semisubmersible rigs are generally capable of working in water depths of 4000 feet or greater or in harsh environments and have other advanced features , as compared to intermediate semisubmersible rigs .as of january 25 , 2010 , seven of the 13 high specification semisubmersible rigs , including the recently acquired ocean courage , were located in the u.s .gulf of mexico ( 201cgom 201d ) .at that date diamond offshore had two high specification semisubmersible rigs operating offshore brazil , while a third was en route to brazil from the gom .of .
|
what was cnas total square footage in illinois?
|
850181
|
{
"answer": "850181",
"decimal": 850181,
"type": "float"
}
| |
stock performance graph comcast the graph below compares the yearly percentage change in the cumulative total shareholder return on comcast 2019s class a common stock during the five years ended december 31 , 2015 with the cumulative total returns on the standard & poor 2019s 500 stock index and with a select peer group consisting of us and other companies engaged in the cable , communications and media industries .this peer group consists of us , as well as cablevision systems corporation ( class a ) , dish network corporation ( class a ) , directv inc .( included through july 24 , 2015 , the date of acquisition by at&t corp. ) and time warner cable inc .( the 201ccable subgroup 201d ) , and time warner inc. , walt disney company , viacom inc .( class b ) , twenty-first century fox , inc .( class a ) , and cbs corporation ( class b ) ( the 201cmedia subgroup 201d ) .the peer group was constructed as a composite peer group in which the cable subgroup is weighted 63% ( 63 % ) and the media subgroup is weighted 37% ( 37 % ) based on the respective revenue of our cable communications and nbcuniversal segments .the graph assumes $ 100 was invested on december 31 , 2010 in our class a common stock and in each of the following indices and assumes the reinvestment of dividends .comparison of 5 year cumulative total return 12/1412/1312/1212/10 12/15 comcast class a s&p 500 peer group index .
[['', '2011', '2012', '2013', '2014', '2015'], ['comcast class a', '$ 110', '$ 177', '$ 250', '$ 282', '$ 279'], ['s&p 500 stock index', '$ 102', '$ 118', '$ 156', '$ 177', '$ 180'], ['peer group index', '$ 110', '$ 157', '$ 231', '$ 267', '$ 265']]
nbcuniversal nbcuniversal is a wholly owned subsidiary of nbcuniversal holdings and there is no market for its equity securities .39 comcast 2015 annual report on form 10-k .
|
what was the percentage 5 year cumulative total return for comcast class a stock for the year ended 2015?
|
179%
|
{
"answer": "179%",
"decimal": 1.79,
"type": "percentage"
}
| |
royal caribbean cruises ltd .notes to the consolidated financial statements 2014 ( continued ) note 9 .stock-based employee compensation we have four stock-based compensation plans , which provide for awards to our officers , directors and key employees .the plans consist of a 1990 employee stock option plan , a 1995 incentive stock option plan , a 2000 stock award plan , and a 2008 equity plan .the 1990 stock option plan and the 1995 incentive stock option plan terminated by their terms in march 2000 and february 2005 , respectively .the 2000 stock award plan , as amended , and the 2008 equity plan provide for the issuance of ( i ) incentive and non-qualified stock options , ( ii ) stock appreciation rights , ( iii ) restricted stock , ( iv ) restricted stock units and ( v ) up to 13000000 performance shares of our common stock for the 2000 stock award plan and up to 5000000 performance shares of our common stock for the 2008 equity plan .during any calendar year , no one individual shall be granted awards of more than 500000 shares .options and restricted stock units outstanding as of december 31 , 2009 vest in equal installments over four to five years from the date of grant .generally , options and restricted stock units are forfeited if the recipient ceases to be a director or employee before the shares vest .options are granted at a price not less than the fair value of the shares on the date of grant and expire not later than ten years after the date of grant .we also provide an employee stock purchase plan to facilitate the purchase by employees of up to 800000 shares of common stock in the aggregate .offerings to employees are made on a quarterly basis .subject to certain limitations , the purchase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the purchase period and the last business day of each month of the purchase period .shares of common stock of 65005 , 36836 and 20759 were issued under the espp at a weighted-average price of $ 12.78 , $ 20.97 and $ 37.25 during 2009 , 2008 and 2007 , respectively .under the chief executive officer 2019s employment agreement we contributed 10086 shares of our common stock quarterly , to a maximum of 806880 shares , to a trust on his behalf .in january 2009 , the employment agreement and related trust agreement were amended .consequently , 768018 shares were distributed from the trust and future quarterly share distributions are issued directly to the chief executive officer .total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2009 was $ 16.8 million .of this amount , $ 16.2 million was included within marketing , selling and administrative expenses and $ 0.6 million was included within payroll and related expenses .total compensation expense recognized for employee stock-based compensation for the year ended december 31 , 2008 was $ 5.7 million .of this amount , $ 6.4 million , which included a benefit of approximately $ 8.2 million due to a change in the employee forfeiture rate assumption was included within marketing , selling and administrative expenses and income of $ 0.7 million was included within payroll and related expenses which also included a benefit of approximately $ 1.0 million due to the change in the forfeiture rate .total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2007 was $ 19.0 million .of this amount , $ 16.3 million was included within marketing , selling and administrative expenses and $ 2.7 million was included within payroll and related expenses .the fair value of each stock option grant is estimated on the date of grant using the black-scholes option pricing model .the estimated fair value of stock options , less estimated forfeitures , is amortized over the vesting period using the graded-vesting method .the assumptions used in the black-scholes option-pricing model are as follows : expected volatility was based on a combination of historical and implied volatilities .the risk-free interest rate is based on united states treasury zero coupon issues with a remaining term equal to the expected option life assumed at the date of grant .the expected term was calculated based on historical experience and represents the time period options actually remain outstanding .we estimate forfeitures based on historical pre-vesting forfeiture rates and revise those estimates as appropriate to reflect actual experience .in 2008 , we increased our estimated forfeiture rate from 4% ( 4 % ) for options and 8.5% ( 8.5 % ) for restricted stock units to 20% ( 20 % ) to reflect changes in employee retention rates. .
[['', '2009', '2008', '2007'], ['dividend yield', '0.0% ( 0.0 % )', '1.9% ( 1.9 % )', '1.3% ( 1.3 % )'], ['expected stock price volatility', '55.0% ( 55.0 % )', '31.4% ( 31.4 % )', '28.0% ( 28.0 % )'], ['risk-free interest rate', '1.8% ( 1.8 % )', '2.8% ( 2.8 % )', '4.8% ( 4.8 % )'], ['expected option life', '5 years', '5 years', '5 years']]
.
|
what was the three year average interest rate for 2007-2009?
|
3.13%
|
{
"answer": "3.13%",
"decimal": 0.0313,
"type": "percentage"
}
| |
vornado realty trust notes to consolidated financial statements ( continued ) 17 .leases as lessor : we lease space to tenants under operating leases .most of the leases provide for the payment of fixed base rentals payable monthly in advance .office building leases generally require the tenants to reimburse us for operating costs and real estate taxes above their base year costs .shopping center leases provide for pass-through to tenants the tenant 2019s share of real estate taxes , insurance and maintenance .shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales .as of december 31 , 2011 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , is as follows : ( amounts in thousands ) year ending december 31: .
[['2012', '$ 1807885'], ['2013', '1718403'], ['2014', '1609279'], ['2015', '1425804'], ['2016', '1232154'], ['thereafter', '6045584']]
these amounts do not include percentage rentals based on tenants 2019 sales .these percentage rents approximated $ 8482000 , $ 7912000 and $ 8394000 , for the years ended december 31 , 2011 , 2010 and 2009 , respectively .none of our tenants accounted for more than 10% ( 10 % ) of total revenues in any of the years ended december 31 , 2011 , 2010 and 2009 .former bradlees locations pursuant to a master agreement and guaranty , dated may 1 , 1992 , we are due $ 5000000 per annum of additional rent from stop & shop which was allocated to certain bradlees former locations .on december 31 , 2002 , prior to the expiration of the leases to which the additional rent was allocated , we reallocated this rent to other former bradlees leases also guaranteed by stop & shop .stop & shop is contesting our right to reallocate and claims that we are no longer entitled to the additional rent .on november 7 , 2011 , the court determined that we have a continuing right to allocate the annual rent to unexpired leases covered by the master agreement and guaranty and directed entry of a judgment in our favor ordering stop & shop to pay us the unpaid annual rent ( see note 20 2013 commitments and contingencies 2013 litigation ) .as of december 31 , 2011 , we have a $ 41983000 receivable from stop and shop. .
|
did future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , decrease from 2012 to 2013?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
item 7 .management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe .our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis .2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil .2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in eg .certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward-looking statements concerning trends or events potentially affecting our business .these statements typically contain words such as 201canticipates , 201d 201cbelieves , 201d 201cestimates , 201d 201cexpects , 201d 201ctargets , 201d 201cplans , 201d 201cprojects , 201d 201ccould , 201d 201cmay , 201d 201cshould , 201d 201cwould 201d or similar words indicating that future outcomes are uncertain .in accordance with 201csafe harbor 201d provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements .for additional risk factors affecting our business , see item 1a .risk factors in this annual report on form 10-k .management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 .business , item 1a .risk factors and item 8 .financial statements and supplementary data found in this annual report on form 10-k .spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc .marathon shareholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held .fractional shares of mpc common stock were not distributed and any fractional share of mpc common stock otherwise issuable to a marathon shareholder was sold in the open market on such shareholder 2019s behalf , and such shareholder received a cash payment with respect to that fractional share .a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off .activities related to the downstream business have been treated as discontinued operations in all periods presented in this annual report on form 10-k ( see item 8 .financial statements and supplementary data 2014note 3 to the consolidated financial statements for additional information ) .overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows .prices of crude oil have been volatile in recent years .in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti .during much of 2010 , both wti and brent crude oil monthly average prices remained in the $ 75 to $ 85 per barrel range .crude oil prices reached a low of $ 33.98 in february 2009 , following global demand declines in an economic recession , but recovered quickly ending 2009 at $ 79.36 .the following table lists benchmark crude oil and natural gas price annual averages for the past three years. .
[['benchmark', '2011', '2010', '2009'], ['wti crude oil ( dollars per bbl )', '$ 95.11', '$ 79.61', '$ 62.09'], ['brent ( europe ) crude oil ( dollars per bbl )', '111.26', '79.51', '61.49'], ['henry hub natural gas ( dollars per mmbtu ) ( a )', '$ 4.04', '$ 4.39', '$ 3.99']]
wti crude oil ( dollars per bbl ) $ 95.11 $ 79.61 $ 62.09 brent ( europe ) crude oil ( dollars per bbl ) 111.26 79.51 61.49 henry hub natural gas ( dollars per mmbtu ) ( a ) $ 4.04 $ 4.39 $ 3.99 ( a ) settlement date average .our u.s .crude oil production was approximately 58 percent sour in 2011 and 68 percent in 2010 .sour crude contains more sulfur than light sweet wti does .sour crude oil also tends to be heavier than light sweet crude oil and sells at a discount to light sweet crude oil because of higher refining costs and lower refined product values .our international crude oil production is relatively sweet and is generally sold in relation to the brent crude benchmark .the differential between wti and brent average prices widened significantly in 2011 to $ 16.15 in comparison to differentials of less than $ 1.00 in 2010 and 2009. .
|
by how much did the brent crude oil benchmark increase from 2010 to 2011?
|
39.9%
|
{
"answer": "39.9%",
"decimal": 0.39899999999999997,
"type": "percentage"
}
| |
3 .dividends from subsidiaries and affiliates cash dividends received from consolidated subsidiaries and from affiliates accounted for by the equity method were as follows ( in millions ) : .
[['', '2003', '2002', '2001'], ['subsidiaries', '$ 807', '$ 771', '$ 1038'], ['affiliates', '43', '44', '21']]
4 .guarantees and letters of credit guarantees 2014in connection with certain of its project financing , acquisition , and power purchase agreements , the company has expressly undertaken limited obligations and commitments , most of which will only be effective or will be terminated upon the occurrence of future events .these obligations and commitments , excluding those collateralized by letter of credit and other obligations discussed below , were limited as of december 31 , 2003 , by the terms of the agreements , to an aggregate of approximately $ 515 million representing 55 agreements with individual exposures ranging from less than $ 1 million up to $ 100 million .of this amount , $ 147 million represents credit enhancements for non-recourse debt , and $ 38 million commitments to fund its equity in projects currently under development or in construction .letters of credit 2014at december 31 , 2003 , the company had $ 89 million in letters of credit outstanding representing 9 agreements with individual exposures ranging from less than $ 1 million up to $ 36 million , which operate to guarantee performance relating to certain project development and construction activities and subsidiary operations .the company pays a letter of credit fee ranging from 0.5% ( 0.5 % ) to 5.00% ( 5.00 % ) per annum on the outstanding amounts .in addition , the company had $ 4 million in surety bonds outstanding at december 31 , 2003. .
|
what was the average dividend or cash dividends received from consolidated subsidiaries and from affiliates accounted for by the equity method in millions in 2003?
|
18.8
|
{
"answer": "18.8",
"decimal": 18.8,
"type": "float"
}
| |
fidelity national information services , inc .and subsidiaries notes to consolidated financial statements - ( continued ) the following summarizes the aggregate maturities of our debt and capital leases on stated contractual maturities , excluding unamortized non-cash bond premiums and discounts net of $ 30 million as of december 31 , 2017 ( in millions ) : .
[['', 'total'], ['2018', '$ 1045'], ['2019', '44'], ['2020', '1157'], ['2021', '1546'], ['2022', '705'], ['thereafter', '4349'], ['total principal payments', '8846'], ['debt issuance costs net of accumulated amortization', '-53 ( 53 )'], ['total long-term debt', '$ 8793']]
there are no mandatory principal payments on the revolving loan and any balance outstanding on the revolving loan will be due and payable at its scheduled maturity date , which occurs at august 10 , 2021 .fis may redeem the 2018 notes , 2020 notes , 2021 notes , 2021 euro notes , 2022 notes , 2022 gbp notes , 2023 notes , 2024 notes , 2024 euro notes , 2025 notes , 2026 notes , and 2046 notes at its option in whole or in part , at any time and from time to time , at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount to be redeemed and a make-whole amount calculated as described in the related indenture in each case plus accrued and unpaid interest to , but excluding , the date of redemption , provided no make-whole amount will be paid for redemptions of the 2020 notes , the 2021 notes , the 2021 euro notes and the 2022 gbp notes during the one month prior to their maturity , the 2022 notes during the two months prior to their maturity , the 2023 notes , the 2024 notes , the 2024 euro notes , the 2025 notes , and the 2026 notes during the three months prior to their maturity , and the 2046 notes during the six months prior to their maturity .debt issuance costs of $ 53 million , net of accumulated amortization , remain capitalized as of december 31 , 2017 , related to all of the above outstanding debt .we monitor the financial stability of our counterparties on an ongoing basis .the lender commitments under the undrawn portions of the revolving loan are comprised of a diversified set of financial institutions , both domestic and international .the failure of any single lender to perform its obligations under the revolving loan would not adversely impact our ability to fund operations .the fair value of the company 2019s long-term debt is estimated to be approximately $ 156 million higher than the carrying value as of december 31 , 2017 .this estimate is based on quoted prices of our senior notes and trades of our other debt in close proximity to december 31 , 2017 , which are considered level 2-type measurements .this estimate is subjective in nature and involves uncertainties and significant judgment in the interpretation of current market data .therefore , the values presented are not necessarily indicative of amounts the company could realize or settle currently. .
|
what percent of total long-term debt is due in 2021?
|
18%
|
{
"answer": "18%",
"decimal": 0.18,
"type": "percentage"
}
| |
management 2019s discussion and analysis jpmorgan chase & co ./ 2008 annual report 39 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 stock 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 s&p financial index is an index of 81 financial companies , all of which are within the s&p 500 .the firm is a component of both industry indices .the following table and graph assumes simultaneous investments of $ 100 on december 31 , 2003 , in jpmorgan chase common stock and in each of the above s&p indices .the comparison assumes that all dividends are reinvested .this section of the jpmorgan chase 2019s annual report for the year ended december 31 , 2008 ( 201cannual report 201d ) provides manage- ment 2019s discussion and analysis of the financial condition and results of operations ( 201cmd&a 201d ) of jpmorgan chase .see the glossary of terms on pages 230 2013233 for definitions of terms used throughout this annual report .the md&a included in this annual report con- tains statements that are forward-looking within the meaning of the private securities litigation reform act of 1995 .such statements are based upon the current beliefs and expectations of jpmorgan december 31 .
[['( in dollars )', '2003', '2004', '2005', '2006', '2007', '2008'], ['jpmorgan chase', '$ 100.00', '$ 109.92', '$ 116.02', '$ 145.36', '$ 134.91', '$ 100.54'], ['s&p financial index', '100.00', '110.89', '118.07', '140.73', '114.51', '51.17'], ['s&p500', '100.00', '110.88', '116.33', '134.70', '142.10', '89.53']]
december 31 , ( in dollars ) 2003 2004 2005 2006 2007 2008 s&p financial s&p 500jpmorgan chase chase 2019s management and are subject to significant risks and uncer- tainties .these risks and uncertainties could cause jpmorgan chase 2019s results to differ materially from those set forth in such forward-look- ing statements .certain of such risks and uncertainties are described herein ( see forward-looking statements on page 127 of this annual report ) and in the jpmorgan chase annual report on form 10-k for the year ended december 31 , 2008 ( 201c2008 form 10-k 201d ) , in part i , item 1a : risk factors , to which reference is hereby made .introduction jpmorgan chase & co. , a financial holding company incorporated under delaware law in 1968 , is a leading global financial services firm and one of the largest banking institutions in the united states of america ( 201cu.s . 201d ) , with $ 2.2 trillion in assets , $ 166.9 billion in stockholders 2019 equity and operations in more than 60 countries as of december 31 , 2008 .the firm is a leader in investment banking , financial services for consumers and businesses , financial transaction processing and asset management .under the j.p .morgan and chase brands , the firm serves millions of customers in the u.s .and many of the world 2019s most prominent corporate , institutional and government clients .jpmorgan chase 2019s principal bank subsidiaries are jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) , a nation- al banking association with branches in 23 states in the u.s. ; and chase bank usa , national association ( 201cchase bank usa , n.a . 201d ) , a national bank that is the firm 2019s credit card issuing bank .jpmorgan chase 2019s principal nonbank subsidiary is j.p .morgan securities inc. , the firm 2019s u.s .investment banking firm .jpmorgan chase 2019s activities are organized , for management reporting purposes , into six business segments , as well as corporate/private equity .the firm 2019s wholesale businesses comprise the investment bank , commercial banking , treasury & securities services and asset management segments .the firm 2019s consumer businesses comprise the retail financial services and card services segments .a description of the firm 2019s business segments , and the products and services they pro- vide to their respective client bases , follows .investment bank j.p .morgan is one of the world 2019s leading investment banks , with deep client relationships and broad product capabilities .the investment bank 2019s clients are corporations , financial institutions , governments and institutional investors .the firm offers a full range of investment banking products and services in all major capital markets , including advising on corporate strategy and structure , cap- ital raising in equity and debt markets , sophisticated risk manage- ment , market-making in cash securities and derivative instruments , prime brokerage and research .the investment bank ( 201cib 201d ) also selectively commits the firm 2019s own capital to principal investing and trading activities .retail financial services retail financial services ( 201crfs 201d ) , which includes the retail banking and consumer lending reporting segments , serves consumers and businesses through personal service at bank branches and through atms , online banking and telephone banking as well as through auto dealerships and school financial aid offices .customers can use more than 5400 bank branches ( third-largest nationally ) and 14500 atms ( second-largest nationally ) as well as online and mobile bank- ing around the clock .more than 21400 branch salespeople assist .
|
what was the ratio of the assets to stockholders equity in 2008
|
13181.5
|
{
"answer": "13181.5",
"decimal": 13181.5,
"type": "float"
}
|
2 jpmorgan chase $ 100.00 $ 109.92 $ 116.02 $ 145.36 $ 134.91 $ 100.54\\n3 s&p financial index 100.00 110.89 118.07 140.73 114.51 51.17
|
performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 30 , 2011 through october 30 , 2016 .this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period .the comparison assumes $ 100 was invested on october 30 , 2011 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any .dollar amounts in the graph are rounded to the nearest whole dollar .the performance shown in the graph represents past performance and should not be considered an indication of future performance .comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/30/11 in stock or 10/31/11 in index , including reinvestment of dividends .indexes calculated on month-end basis .copyright a9 2016 standard & poor 2019s , a division of s&p global .all rights reserved. .
[['', '10/30/2011', '10/28/2012', '10/27/2013', '10/26/2014', '10/25/2015', '10/30/2016'], ['applied materials', '100.00', '86.93', '148.68', '179.96', '143.74', '255.27'], ['s&p 500 index', '100.00', '115.21', '146.52', '171.82', '180.75', '188.90'], ['rdg semiconductor composite index', '100.00', '96.65', '127.68', '160.86', '154.90', '191.65']]
dividends during each of fiscal 2016 , 2015 , and 2014 , applied 2019s board of directors declared four quarterly cash dividends in the amount of $ 0.10 per share .applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders .10/30/11 10/28/12 10/27/13 10/26/14 10/25/15 10/30/16 applied materials , inc .s&p 500 rdg semiconductor composite .
|
what is the total return if 1000000 is invested in applied materials in 2011 and sold in 2012?
|
-130700
|
{
"answer": "-130700",
"decimal": -130700,
"type": "float"
}
| |
maintenance and contract expenses incurred by our subsidiaries for external transportation services ) ; materials used to maintain the railroad 2019s lines , structures , and equipment ; costs of operating facilities jointly used by uprr and other railroads ; transportation and lodging for train crew employees ; trucking and contracting costs for intermodal containers ; leased automobile maintenance expenses ; and tools and supplies .expenses for contract services increased $ 103 million in 2012 versus 2011 , primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars .expenses for contract services increased $ 106 million in 2011 versus 2010 , driven by volume-related external transportation services incurred by our subsidiaries , and various other types of contractual services , including flood-related repairs , mitigation and improvements .volume-related crew transportation and lodging costs , as well as expenses associated with jointly owned operating facilities , also increased costs compared to 2010 .in addition , an increase in locomotive maintenance materials used to prepare a portion of our locomotive fleet for return to active service due to increased volume and additional capacity for weather related issues and warranty expirations increased expenses in 2011 .depreciation 2013 the majority of depreciation relates to road property , including rail , ties , ballast , and other track material .a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2012 compared to 2011 .a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2011 compared to 2010 .higher depreciation rates for rail and other track material also contributed to the increase .the higher rates , which became effective january 1 , 2011 , resulted primarily from increased track usage ( based on higher gross ton-miles in 2010 ) .equipment and other rents 2013 equipment and other rents expense primarily includes rental expense that the railroad pays for freight cars owned by other railroads or private companies ; freight car , intermodal , and locomotive leases ; and office and other rent expenses .increased automotive and intermodal shipments , partially offset by improved car-cycle times , drove an increase in our short-term freight car rental expense in 2012 .conversely , lower locomotive lease expense partially offset the higher freight car rental expense .costs increased in 2011 versus 2010 as higher short-term freight car rental expense and container lease expense offset lower freight car and locomotive lease expense .other 2013 other expenses include personal injury , freight and property damage , destruction of equipment , insurance , environmental , bad debt , state and local taxes , utilities , telephone and cellular , employee travel , computer software , and other general expenses .other costs in 2012 were slightly higher than 2011 primarily due to higher property taxes .despite continual improvement in our safety experience and lower estimated annual costs , personal injury expense increased in 2012 compared to 2011 , as the liability reduction resulting from historical claim experience was less than the reduction in 2011 .higher property taxes , casualty costs associated with destroyed equipment , damaged freight and property and environmental costs increased other costs in 2011 compared to 2010 .a one-time payment of $ 45 million in the first quarter of 2010 related to a transaction with csxi and continued improvement in our safety performance and lower estimated liability for personal injury , which reduced our personal injury expense year-over-year , partially offset increases in other costs .non-operating items millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 .
[['millions', '2012', '2011', '2010', '% ( % ) change 2012 v 2011', '% ( % ) change 2011 v 2010'], ['other income', '$ 108', '$ 112', '$ 54', '( 4 ) % ( % )', '107% ( 107 % )'], ['interest expense', '-535 ( 535 )', '-572 ( 572 )', '-602 ( 602 )', '-6 ( 6 )', '-5 ( 5 )'], ['income taxes', '-2375 ( 2375 )', '-1972 ( 1972 )', '-1653 ( 1653 )', '20% ( 20 % )', '19% ( 19 % )']]
other income 2013 other income decreased in 2012 versus 2011 due to lower gains from real estate sales and higher environmental costs associated with non-operating properties , partially offset by an interest payment from a tax refund. .
|
did contract services expense increase more in 2012 than in 2011?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
}
| |
a valuation allowance totaling $ 45.4 million , $ 43.9 million and $ 40.4 million as of 2013 , 2012 and 2011 year end , respectively , has been established for deferred income tax assets primarily related to certain subsidiary loss carryforwards that may not be realized .realization of the net deferred income tax assets is dependent on generating sufficient taxable income prior to their expiration .although realization is not assured , management believes it is more- likely-than-not that the net deferred income tax assets will be realized .the amount of the net deferred income tax assets considered realizable , however , could change in the near term if estimates of future taxable income during the carryforward period fluctuate .the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for 2013 , 2012 and ( amounts in millions ) 2013 2012 2011 .
[['( amounts in millions )', '2013', '2012', '2011'], ['unrecognized tax benefits at beginning of year', '$ 6.8', '$ 11.0', '$ 11.1'], ['gross increases 2013 tax positions in prior periods', '1.5', '0.7', '0.5'], ['gross decreases 2013 tax positions in prior periods', '-1.6 ( 1.6 )', '-4.9 ( 4.9 )', '-0.4 ( 0.4 )'], ['gross increases 2013 tax positions in the current period', '0.5', '1.2', '2.8'], ['settlements with taxing authorities', '-2.1 ( 2.1 )', '2013', '-1.2 ( 1.2 )'], ['lapsing of statutes of limitations', '-0.5 ( 0.5 )', '-1.2 ( 1.2 )', '-1.8 ( 1.8 )'], ['unrecognized tax benefits at end of year', '$ 4.6', '$ 6.8', '$ 11.0']]
of the $ 4.6 million , $ 6.8 million and $ 11.0 million of unrecognized tax benefits as of 2013 , 2012 and 2011 year end , respectively , approximately $ 4.6 million , $ 4.1 million and $ 9.1 million , respectively , would impact the effective income tax rate if recognized .interest and penalties related to unrecognized tax benefits are recorded in income tax expense .during 2013 and 2012 , the company reversed a net $ 0.6 million and $ 0.5 million , respectively , of interest and penalties to income associated with unrecognized tax benefits .as of 2013 , 2012 and 2011 year end , the company has provided for $ 0.9 million , $ 1.6 million and $ 1.6 million , respectively , of accrued interest and penalties related to unrecognized tax benefits .the unrecognized tax benefits and related accrued interest and penalties are included in 201cother long-term liabilities 201d on the accompanying consolidated balance sheets .snap-on and its subsidiaries file income tax returns in the united states and in various state , local and foreign jurisdictions .it is reasonably possible that certain unrecognized tax benefits may either be settled with taxing authorities or the statutes of limitations for such items may lapse within the next 12 months , causing snap-on 2019s gross unrecognized tax benefits to decrease by a range of zero to $ 1.1 million .over the next 12 months , snap-on anticipates taking certain tax positions on various tax returns for which the related tax benefit does not meet the recognition threshold .accordingly , snap-on 2019s gross unrecognized tax benefits may increase by a range of zero to $ 0.8 million over the next 12 months for uncertain tax positions expected to be taken in future tax filings .with few exceptions , snap-on is no longer subject to u.s .federal and state/local income tax examinations by tax authorities for years prior to 2008 , and snap-on is no longer subject to non-u.s .income tax examinations by tax authorities for years prior to 2006 .the undistributed earnings of all non-u.s .subsidiaries totaled $ 556.0 million , $ 492.2 million and $ 416.4 million as of 2013 , 2012 and 2011 year end , respectively .snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested .determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable .2013 annual report 83 .
|
what is the net change amount in the unrecognized tax benefits during 2012?
|
-4.2
|
{
"answer": "-4.2",
"decimal": -4.2,
"type": "float"
}
| |
the company is currently under audit by the internal revenue service and other major taxing jurisdictions around the world .it is thus reasonably possible that significant changes in the gross balance of unrecognized tax benefits may occur within the next 12 months , but the company does not expect such audits to result in amounts that would cause a significant change to its effective tax rate , other than the following items .the company is currently at irs appeals for the years 1999 20132002 .one of the issues relates to the timing of the inclusion of interchange fees received by the company relating to credit card purchases by its cardholders .it is reasonably possible that within the next 12 months the company can either reach agreement on this issue at appeals or decide to litigate the issue .this issue is presently being litigated by another company in a united states tax court case .the gross uncertain tax position for this item at december 31 , 2008 is $ 542 million .since this is a temporary difference , the only effect to the company 2019s effective tax rate would be due to net interest and state tax rate differentials .if the reserve were to be released , the tax benefit could be as much as $ 168 million .in addition , the company expects to conclude the irs audit of its u.s .federal consolidated income tax returns for the years 2003 20132005 within the next 12 months .the gross uncertain tax position at december 31 , 2008 for the items expected to be resolved is approximately $ 350 million plus gross interest of $ 70 million .the potential net tax benefit to continuing operations could be approximately $ 325 million .the following are the major tax jurisdictions in which the company and its affiliates operate and the earliest tax year subject to examination: .
[['jurisdiction', 'tax year'], ['united states', '2003'], ['mexico', '2006'], ['new york state and city', '2005'], ['united kingdom', '2007'], ['germany', '2000'], ['korea', '2005'], ['japan', '2006'], ['brazil', '2004']]
foreign pretax earnings approximated $ 10.3 billion in 2008 , $ 9.1 billion in 2007 , and $ 13.6 billion in 2006 ( $ 5.1 billion , $ 0.7 billion and $ 0.9 billion of which , respectively , are in discontinued operations ) .as a u.s .corporation , citigroup and its u.s .subsidiaries are subject to u.s .taxation currently on all foreign pretax earnings earned by a foreign branch .pretax earnings of a foreign subsidiary or affiliate are subject to u.s .taxation when effectively repatriated .the company provides income taxes on the undistributed earnings of non-u.s .subsidiaries except to the extent that such earnings are indefinitely invested outside the united states .at december 31 , 2008 , $ 22.8 billion of accumulated undistributed earnings of non-u.s .subsidiaries were indefinitely invested .at the existing u.s .federal income tax rate , additional taxes ( net of u.s .foreign tax credits ) of $ 6.1 billion would have to be provided if such earnings were remitted currently .the current year 2019s effect on the income tax expense from continuing operations is included in the foreign income tax rate differential line in the reconciliation of the federal statutory rate to the company 2019s effective income tax rate on the previous page .income taxes are not provided for on the company 2019s savings bank base year bad debt reserves that arose before 1988 because under current u.s .tax rules such taxes will become payable only to the extent such amounts are distributed in excess of limits prescribed by federal law .at december 31 , 2008 , the amount of the base year reserves totaled approximately $ 358 million ( subject to a tax of $ 125 million ) .the company has no valuation allowance on deferred tax assets at december 31 , 2008 and december 31 , 2007 .at december 31 , 2008 , the company had a u.s .foreign tax-credit carryforward of $ 10.5 billion , $ 0.4 billion whose expiry date is 2016 , $ 5.3 billion whose expiry date is 2017 and $ 4.8 billion whose expiry date is 2018 .the company has a u.s federal consolidated net operating loss ( nol ) carryforward of approximately $ 13 billion whose expiration date is 2028 .the company also has a general business credit carryforward of $ 0.6 billion whose expiration dates are 2027-2028 .the company has state and local net operating loss carryforwards of $ 16.2 billion and $ 4.9 billion in new york state and new york city , respectively .this consists of $ 2.4 billion and $ 1.2 billion , whose expiration date is 2027 and $ 13.8 billion and $ 3.7 billion whose expiration date is 2028 and for which the company has recorded a deferred-tax asset of $ 1.2 billion , along with less significant net operating losses in various other states for which the company has recorded a deferred-tax asset of $ 399 million and which expire between 2012 and 2028 .in addition , the company has recorded deferred-tax assets in apb 23 subsidiaries for foreign net operating loss carryforwards of $ 130 million ( which expires in 2018 ) and $ 101 million ( with no expiration ) .although realization is not assured , the company believes that the realization of the recognized net deferred tax asset of $ 44.5 billion is more likely than not based on expectations as to future taxable income in the jurisdictions in which it operates and available tax planning strategies , as defined in sfas 109 , that could be implemented if necessary to prevent a carryforward from expiring .the company 2019s net deferred tax asset ( dta ) of $ 44.5 billion consists of approximately $ 36.5 billion of net u.s .federal dtas , $ 4 billion of net state dtas and $ 4 billion of net foreign dtas .included in the net federal dta of $ 36.5 billion are deferred tax liabilities of $ 4 billion that will reverse in the relevant carryforward period and may be used to support the dta .the major components of the u.s .federal dta are $ 10.5 billion in foreign tax-credit carryforwards , $ 4.6 billion in a net-operating-loss carryforward , $ 0.6 billion in a general-business-credit carryforward , $ 19.9 billion in net deductions that have not yet been taken on a tax return , and $ 0.9 billion in compensation deductions , which reduced additional paid-in capital in january 2009 and for which sfas 123 ( r ) did not permit any adjustment to such dta at december 31 , 2008 because the related stock compensation was not yet deductible to the company .in general , citigroup would need to generate approximately $ 85 billion of taxable income during the respective carryforward periods to fully realize its federal , state and local dtas. .
|
what was the percentage of the company 2019s net deferred tax asset attributable to the net u.s . federal dtas
|
82%
|
{
"answer": "82%",
"decimal": 0.82,
"type": "percentage"
}
| |
utilized .in accordance with sfas no .144 , accounting for the impairment or disposal of long-lived assets , a non-cash impairment charge of $ 4.1 million was recorded in the second quarter of fiscal 2008 for the excess machinery .this charge is included as a separate line item in the company 2019s consolidated statement of operations .there was no change to useful lives and related depreciation expense of the remaining assets as the company believes these estimates are currently reflective of the period the assets will be used in operations .7 .warranties the company generally provides a one-year warranty on sequencing , genotyping and gene expression systems .at the time revenue is recognized , the company establishes an accrual for estimated warranty expenses associated with system sales .this expense is recorded as a component of cost of product revenue .estimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract .changes in the company 2019s reserve for product warranties from january 1 , 2006 through december 28 , 2008 are as follows ( in thousands ) : .
[['balance as of january 1 2006', '$ 751'], ['additions charged to cost of revenue', '1379'], ['repairs and replacements', '-1134 ( 1134 )'], ['balance as of december 31 2006', '996'], ['additions charged to cost of revenue', '4939'], ['repairs and replacements', '-2219 ( 2219 )'], ['balance as of december 30 2007', '3716'], ['additions charged to cost of revenue', '13044'], ['repairs and replacements', '-8557 ( 8557 )'], ['balance as of december 28 2008', '$ 8203']]
8 .convertible senior notes on february 16 , 2007 , the company issued $ 400.0 million principal amount of 0.625% ( 0.625 % ) convertible senior notes due 2014 ( the notes ) , which included the exercise of the initial purchasers 2019 option to purchase up to an additional $ 50.0 million aggregate principal amount of notes .the net proceeds from the offering , after deducting the initial purchasers 2019 discount and offering expenses , were $ 390.3 million .the company will pay 0.625% ( 0.625 % ) interest per annum on the principal amount of the notes , payable semi-annually in arrears in cash on february 15 and august 15 of each year .the company made interest payments of $ 1.3 million and $ 1.2 million on february 15 , 2008 and august 15 , 2008 , respectively .the notes mature on february 15 , the notes will be convertible into cash and , if applicable , shares of the company 2019s common stock , $ 0.01 par value per share , based on a conversion rate , subject to adjustment , of 45.8058 shares per $ 1000 principal amount of notes ( which represents a conversion price of $ 21.83 per share ) , only in the following circumstances and to the following extent : ( 1 ) during the five business-day period after any five consecutive trading period ( the measurement period ) in which the trading price per note for each day of such measurement period was less than 97% ( 97 % ) of the product of the last reported sale price of the company 2019s common stock and the conversion rate on each such day ; ( 2 ) during any calendar quarter after the calendar quarter ending march 30 , 2007 , if the last reported sale price of the company 2019s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately illumina , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what was the percentage change in the reserve for product warranties from december 31 2006 to december 30 2007?
|
273%
|
{
"answer": "273%",
"decimal": 2.73,
"type": "percentage"
}
| |
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. .
[['( $ in millions )', '2005 carrying amount', '2005 fair value', '2005 carrying amount', 'fair value'], ['notes and other long-term assets', '$ 1374', '$ 1412', '$ 1702', '$ 1770'], ['long-term debt and other long-term liabilities', '$ 1636', '$ 1685', '$ 848', '$ 875'], ['derivative instruments', '$ 6', '$ 6', '$ 2014', '$ 2014']]
we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
|
what is the potential gain if the notes and other long-term assets had been sold at the end of 2005?
|
38
|
{
"answer": "38",
"decimal": 38,
"type": "float"
}
|
this represents an un realized asset on the balance sheet and would be a gain to the company if sold at fair value .
|
assets ( including trade receivables ) that are in the scope of the update .asu 2016-13 also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees .the guidance will become effective for us on january 1 , 2020 .early adoption is permitted for periods beginning on or after january 1 , 2019 .we are evaluating the effect of asu 2016-13 on our consolidated financial statements .note 2 2014 acquisitions the transactions described below were accounted for as business combinations , which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date .on october 17 , 2018 , we acquired sicom systems , inc .( 201csicom 201d ) for total purchase consideration of $ 409.2 million , which we funded with cash on hand and by drawing on our revolving credit facility ( described in 201cnote 8 2014 long-term debt and lines of credit 201d ) .sicom is a provider of end-to-end enterprise , cloud-based software solutions and other technologies to quick service restaurants and food service management companies .sicom 2019s technologies are complementary to our existing xenial solutions , and we believe this acquisition will expand our software-driven payments strategy by enabling us to increase our capabilities and expand on our existing presence in the restaurant vertical market .prior to the acquisition , sicom was indirectly owned by a private equity investment firm where one of our board members is a partner and investor .his direct interest in the transaction was approximately $ 1.1 million , the amount distributed to him based on his investment interest in the fund of the private equity firm that sold sicom to us .based on consideration of all relevant information , the audit committee of our board of directors recommended that the board approve the acquisition of sicom , which it did .the provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of december 31 , 2018 , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : .
[['cash and cash equivalents', '$ 7540'], ['property and equipment', '5943'], ['identified intangible assets', '188294'], ['other assets', '22278'], ['deferred income taxes', '-48448 ( 48448 )'], ['other liabilities', '-31250 ( 31250 )'], ['total identifiable net assets', '144357'], ['goodwill', '264844'], ['total purchase consideration', '$ 409201']]
as of december 31 , 2018 , we considered these balances to be provisional because we were still in the process of determining the final purchase consideration , which is subject to adjustment pursuant to the purchase agreement , and gathering and reviewing information to support the valuations of the assets acquired and liabilities assumed .goodwill arising from the acquisition of $ 264.8 million , included in the north america segment , was attributable to expected growth opportunities , an assembled workforce and potential synergies from combining our existing businesses .we expect that approximately $ 50 million of the goodwill from this acquisition will be deductible for income tax purposes .74 2013 global payments inc .| 2018 form 10-k annual report .
|
what are the total assets repoert?
|
224055
|
{
"answer": "224055",
"decimal": 224055,
"type": "float"
}
| |
the following is a list of distribution locations including the approximate square footage and if the location is leased or owned: .
[['distribution facility location', 'approximate square footage', 'owned/leased facility'], ['franklin kentucky', '833000', 'owned'], ['pendleton indiana', '764000', 'owned'], ['macon georgia', '684000', 'owned'], ['waco texas', '666000', 'owned'], ['casa grande arizona', '650000', 'owned'], ['hagerstown maryland ( a )', '482000', 'owned'], ['hagerstown maryland ( a )', '309000', 'leased'], ['waverly nebraska', '422000', 'owned'], ['seguin texas ( b )', '71000', 'owned'], ['lakewood washington', '64000', 'leased'], ['longview texas ( b )', '63000', 'owned']]
longview , texas ( b ) 63000 owned ( a ) the leased facility in hagerstown is treated as an extension of the existing owned hagerstown location and is not considered a separate distribution center .( b ) this is a mixing center designed to process certain high-volume bulk products .the company 2019s store support center occupies approximately 260000 square feet of owned building space in brentwood , tennessee , and the company 2019s merchandising innovation center occupies approximately 32000 square feet of leased building space in nashville , tennessee .the company also leases approximately 8000 square feet of building space for the petsense corporate headquarters located in scottsdale , arizona .in fiscal 2017 , we began construction on a new northeast distribution center in frankfort , new york , as well as an expansion of our existing distribution center in waverly , nebraska , which will provide additional distribution capacity once construction is completed .item 3 .legal proceedings item 103 of sec regulation s-k requires disclosure of certain environmental legal proceedings if the proceeding reasonably involves potential monetary sanctions of $ 100000 or more .we periodically receive information requests and notices of potential noncompliance with environmental laws and regulations from governmental agencies , which are addressed on a case-by-case basis with the relevant agency .the company received a subpoena from the district attorney of yolo county , california , requesting records and information regarding its hazardous waste management and disposal practices in california .the company and the office of the district attorney of yolo county engaged in settlement discussions which resulted in the settlement of the matter .a consent decree reflecting the terms of settlement was filed with the yolo county superior court on june 23 , 2017 .under the settlement , the company agreed to a compliance plan and also agreed to pay a civil penalty and fund supplemental environmental projects furthering consumer protection and environmental enforcement in california .the civil penalty did not differ materially from the amount accrued .the cost of the settlement and the compliance with the consent decree will not have a material effect on our consolidated financial position , results of operations or cash flows .the company is also involved in various litigation matters arising in the ordinary course of business .the company believes that any estimated loss related to such matters has been adequately provided for in accrued liabilities to the extent probable and reasonably estimable .accordingly , the company currently expects these matters will be resolved without material adverse effect on its consolidated financial position , results of operations or cash flows .item 4 .mine safety disclosures not applicable. .
|
what is the total square footage for the md facility?
|
791000
|
{
"answer": "791000",
"decimal": 791000,
"type": "float"
}
| |
part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2013 , there were 75100 common shareholders of record .holders of pnc common stock are entitled to receive dividends when declared by the board of directors out of funds legally available for this purpose .our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock have been paid or declared and set apart for payment .the board presently intends to continue the policy of paying quarterly cash dividends .the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non- bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) .the amount of our dividend is also currently subject to the results of the federal reserve 2019s 2013 comprehensive capital analysis and review ( ccar ) as part of its supervisory assessment of capital adequacy described under 201csupervision and regulation 201d in item 1 of this report .the federal reserve has the power to prohibit us from paying dividends without its approval .for further information concerning dividend restrictions and restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see 201csupervision and regulation 201d in item 1 of this report , 201cfunding and capital sources 201d in the consolidated balance sheet review section , 201cliquidity risk management 201d in the risk management section , and 201ctrust preferred securities 201d in the off-balance sheet arrangements and variable interest entities section of item 7 of this report , and note 14 capital securities of subsidiary trusts and perpetual trust securities and note 22 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference .we include here by reference additional information relating to pnc common stock under the caption 201ccommon stock prices/dividends declared 201d in the statistical information ( unaudited ) section of item 8 of this report .we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2012 in the table ( with introductory paragraph and notes ) that appears in item 12 of this report .our registrar , stock transfer agent , and dividend disbursing agent is : computershare trust company , n.a .250 royall street canton , ma 02021 800-982-7652 we include here by reference the information that appears under the caption 201ccommon stock performance graph 201d at the end of this item 5 .( a ) ( 2 ) none .( b ) not applicable .( c ) details of our repurchases of pnc common stock during the fourth quarter of 2012 are included in the following table : in thousands , except per share data 2012 period ( a ) total shares purchased ( b ) average paid per total shares purchased as part of publicly announced programs ( c ) maximum number of shares that may yet be purchased under the programs ( c ) .
[['2012 period ( a )', 'total sharespurchased ( b )', 'averagepricepaid pershare', 'total sharespurchased aspartofpubliclyannouncedprograms ( c )', 'maximumnumber ofshares thatmay yet bepurchasedundertheprograms ( c )'], ['october 1 2013 31', '13', '$ 60.05', '', '22552'], ['november 1 2013 30', '750', '$ 55.08', '750', '21802'], ['december 1 2013 31', '292', '$ 55.74', '251', '21551'], ['total', '1055', '$ 55.32', '1001', '']]
( a ) in addition to the repurchases of pnc common stock during the fourth quarter of 2012 included in the table above , pnc redeemed all 5001 shares of its series m preferred stock on december 10 , 2012 as further described below .as part of the national city transaction , we established the pnc non-cumulative perpetual preferred stock , series m ( the 201cseries m preferred stock 201d ) , which mirrored in all material respects the former national city non-cumulative perpetual preferred stock , series e .on december 10 , 2012 , pnc issued $ 500.1 million aggregate liquidation amount ( 5001 shares ) of the series m preferred stock to the national city preferred capital trust i ( the 201ctrust 201d ) as required pursuant to the settlement of a stock purchase contract agreement between the trust and pnc dated as of january 30 , 2008 .immediately upon such issuance , pnc redeemed all 5001 shares of the series m preferred stock from the trust on december 10 , 2012 at a redemption price equal to $ 100000 per share .( b ) includes pnc common stock purchased under the program referred to in note ( c ) to this table and pnc common stock purchased in connection with our various employee benefit plans .note 15 employee benefit plans and note 16 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit plans that use pnc common stock .( c ) our current stock repurchase program allows us to purchase up to 25 million shares on the open market or in privately negotiated transactions .this program was authorized on october 4 , 2007 and will remain in effect until fully utilized or until modified , superseded or terminated .the extent and timing of share repurchases under this program will depend on a number of factors including , among others , market and general economic conditions , economic capital and regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the impact of the federal reserve 2019s supervisory assessment of capital adequacy program .the pnc financial services group , inc .2013 form 10-k 27 .
|
what percentage of the total shares purchased were not purchased in october?
|
98.8%
|
{
"answer": "98.8%",
"decimal": 0.988,
"type": "percentage"
}
| |
technical and research personnel and lab facilities , and significantly expanded the portfolio of patents available to us via license and through a cooperative development program .in addition , we have acquired a 20 percent interest in grt , inc .the gtftm technology is protected by an intellectual property protection program .the u.s .has granted 17 patents for the technology , with another 22 pending .worldwide , there are over 300 patents issued or pending , covering over 100 countries including regional and direct foreign filings .another innovative technology that we are developing focuses on reducing the processing and transportation costs of natural gas by artificially creating natural gas hydrates , which are more easily transportable than natural gas in its gaseous form .much like lng , gas hydrates would then be regasified upon delivery to the receiving market .we have an active pilot program in place to test and further develop a proprietary natural gas hydrates manufacturing system .the above discussion of the integrated gas segment contains forward-looking statements with respect to the possible expansion of the lng production facility .factors that could potentially affect the possible expansion of the lng production facility include partner and government approvals , access to sufficient natural gas volumes through exploration or commercial negotiations with other resource owners and access to sufficient regasification capacity .the foregoing factors ( among others ) could cause actual results to differ materially from those set forth in the forward-looking statements .refining , marketing and transportation we have refining , marketing and transportation operations concentrated primarily in the midwest , upper great plains , gulf coast and southeast regions of the u.s .we rank as the fifth largest crude oil refiner in the u.s .and the largest in the midwest .our operations include a seven-plant refining network and an integrated terminal and transportation system which supplies wholesale and marathon-brand customers as well as our own retail operations .our wholly-owned retail marketing subsidiary speedway superamerica llc ( 201cssa 201d ) is the third largest chain of company-owned and -operated retail gasoline and convenience stores in the u.s .and the largest in the midwest .refining we own and operate seven refineries with an aggregate refining capacity of 1.188 million barrels per day ( 201cmmbpd 201d ) of crude oil as of december 31 , 2009 .during 2009 , our refineries processed 957 mbpd of crude oil and 196 mbpd of other charge and blend stocks .the table below sets forth the location and daily crude oil refining capacity of each of our refineries as of december 31 , 2009 .crude oil refining capacity ( thousands of barrels per day ) 2009 .
[['( thousands of barrels per day )', '2009'], ['garyville louisiana', '436'], ['catlettsburg kentucky', '212'], ['robinson illinois', '206'], ['detroit michigan', '106'], ['canton ohio', '78'], ['texas city texas', '76'], ['st . paul park minnesota', '74'], ['total', '1188']]
our refineries include crude oil atmospheric and vacuum distillation , fluid catalytic cracking , catalytic reforming , desulfurization and sulfur recovery units .the refineries process a wide variety of crude oils and produce numerous refined products , ranging from transportation fuels , such as reformulated gasolines , blend- grade gasolines intended for blending with fuel ethanol and ultra-low sulfur diesel fuel , to heavy fuel oil and asphalt .additionally , we manufacture aromatics , cumene , propane , propylene , sulfur and maleic anhydride .our garyville , louisiana , refinery is located along the mississippi river in southeastern louisiana between new orleans and baton rouge .the garyville refinery predominantly processes heavy sour crude oil into products .
|
what percentage of crude oil refining capacity is located in catlettsburg kentucky?
|
17.8%
|
{
"answer": "17.8%",
"decimal": 0.17800000000000002,
"type": "percentage"
}
| |
management 2019s discussion and analysis liquidity risk management liquidity is of critical importance to financial institutions .most of the recent failures of financial institutions have occurred in large part due to insufficient liquidity .accordingly , the firm has in place a comprehensive and conservative set of liquidity and funding policies to address both firm-specific and broader industry or market liquidity events .our principal objective is to be able to fund the firm and to enable our core businesses to continue to serve clients and generate revenues , even under adverse circumstances .we manage liquidity risk according to the following principles : excess liquidity .we maintain substantial excess liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment .asset-liability management .we assess anticipated holding periods for our assets and their expected liquidity in a stressed environment .we manage the maturities and diversity of our funding across markets , products and counterparties , and seek to maintain liabilities of appropriate tenor relative to our asset base .contingency funding plan .we maintain a contingency funding plan to provide a framework for analyzing and responding to a liquidity crisis situation or periods of market stress .this framework sets forth the plan of action to fund normal business activity in emergency and stress situations .these principles are discussed in more detail below .excess liquidity our most important liquidity policy is to pre-fund our estimated potential cash and collateral needs during a liquidity crisis and hold this excess liquidity in the form of unencumbered , highly liquid securities and cash .we believe that the securities held in our global core excess would be readily convertible to cash in a matter of days , through liquidation , by entering into repurchase agreements or from maturities of reverse repurchase agreements , and that this cash would allow us to meet immediate obligations without needing to sell other assets or depend on additional funding from credit-sensitive markets .as of december 2012 and december 2011 , the fair value of the securities and certain overnight cash deposits included in our gce totaled $ 174.62 billion and $ 171.58 billion , respectively .based on the results of our internal liquidity risk model , discussed below , as well as our consideration of other factors including , but not limited to , a qualitative assessment of the condition of the financial markets and the firm , we believe our liquidity position as of december 2012 was appropriate .the table below presents the fair value of the securities and certain overnight cash deposits that are included in our gce .average for the year ended december in millions 2012 2011 .
[['in millions', 'average for theyear ended december 2012', 'average for theyear ended december 2011'], ['u.s . dollar-denominated', '$ 125111', '$ 125668'], ['non-u.s . dollar-denominated', '46984', '40291'], ['total', '$ 172095', '$ 165959']]
the u.s .dollar-denominated excess is composed of ( i ) unencumbered u.s .government and federal agency obligations ( including highly liquid u.s .federal agency mortgage-backed obligations ) , all of which are eligible as collateral in federal reserve open market operations and ( ii ) certain overnight u.s .dollar cash deposits .the non-u.s .dollar-denominated excess is composed of only unencumbered german , french , japanese and united kingdom government obligations and certain overnight cash deposits in highly liquid currencies .we strictly limit our excess liquidity to this narrowly defined list of securities and cash because they are highly liquid , even in a difficult funding environment .we do not include other potential sources of excess liquidity , such as less liquid unencumbered securities or committed credit facilities , in our gce .goldman sachs 2012 annual report 81 .
|
what percentage of gce in 2012 is in non-u.s . dollar-denominated assets?
|
27%
|
{
"answer": "27%",
"decimal": 0.27,
"type": "percentage"
}
| |
note 21 .expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million .ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account .the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value .the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account .during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts .although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts .we have no ongoing commitment or intent to provide support to these accounts .the securities are carried in investment securities available for sale in our consolidated statement of condition .the components of other expenses were as follows for the years ended december 31: .
[['( in millions )', '2008', '2007', '2006'], ['customer indemnification obligation', '$ 200', '', ''], ['securities processing', '187', '$ 79', '$ 37'], ['other', '505', '399', '281'], ['total other expenses', '$ 892', '$ 478', '$ 318']]
in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings .while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities .in the then current market environment , the market value of the underlying collateral had declined .during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure .the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 .the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
|
what percent did securites processing expenses increase between 2006 and 2008?
|
405.4%
|
{
"answer": "405.4%",
"decimal": 4.053999999999999,
"type": "percentage"
}
| |
notes to consolidated financial statements ( continued ) note 8 2014commitments and contingencies ( continued ) the following table reconciles changes in the company 2019s accrued warranties and related costs ( in millions ) : .
[['', '2007', '2006', '2005'], ['beginning accrued warranty and related costs', '$ 284', '$ 188', '$ 105'], ['cost of warranty claims', '-281 ( 281 )', '-267 ( 267 )', '-188 ( 188 )'], ['accruals for product warranties', '227', '363', '271'], ['ending accrued warranty and related costs', '$ 230', '$ 284', '$ 188']]
the company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights .other agreements entered into by the company sometimes include indemnification provisions under which the company could be subject to costs and/or damages in the event of an infringement claim against the company or an indemnified third-party .however , the company has not been required to make any significant payments resulting from such an infringement claim asserted against itself or an indemnified third-party and , in the opinion of management , does not have a potential liability related to unresolved infringement claims subject to indemnification that would have a material adverse effect on its financial condition or operating results .therefore , the company did not record a liability for infringement costs as of either september 29 , 2007 or september 30 , 2006 .concentrations in the available sources of supply of materials and product certain key components including , but not limited to , microprocessors , enclosures , certain lcds , certain optical drives , and application-specific integrated circuits ( 2018 2018asics 2019 2019 ) are currently obtained by the company from single or limited sources which subjects the company to supply and pricing risks .many of these and other key components that are available from multiple sources including , but not limited to , nand flash memory , dram memory , and certain lcds , are at times subject to industry-wide shortages and significant commodity pricing fluctuations .in addition , the company has entered into certain agreements for the supply of critical components at favorable pricing , and there is no guarantee that the company will be able to extend or renew these agreements when they expire .therefore , the company remains subject to significant risks of supply shortages and/or price increases that can adversely affect gross margins and operating margins .in addition , the company uses some components that are not common to the rest of the global personal computer , consumer electronics and mobile communication industries , and new products introduced by the company often utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers .if the supply of a key single-sourced component to the company were to be delayed or curtailed , or in the event a key manufacturing vendor delays shipments of completed products to the company , the company 2019s ability to ship related products in desired quantities and in a timely manner could be adversely affected .the company 2019s business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company 2019s requirements .finally , significant portions of the company 2019s cpus , ipods , iphones , logic boards , and other assembled products are now manufactured by outsourcing partners , primarily in various parts of asia .a significant concentration of this outsourced manufacturing is currently performed by only a few of the company 2019s outsourcing partners , often in single locations .certain of these outsourcing partners are the sole-sourced supplier of components and manufacturing outsourcing for many of the company 2019s key products , including but not limited to , assembly .
|
what was the percentage change in accrued warranties and related costs from 2006 to 2007?
|
-19%
|
{
"answer": "-19%",
"decimal": -0.19,
"type": "percentage"
}
| |
customary affirmative and negative covenants and events of default for an unsecured financing arrangement , including , among other things , limitations on consolidations , mergers and sales of assets .financial covenants include a maximum leverage ratio of 3.0 to 1.0 and a minimum interest coverage ratio of 3.5 to 1.0 .if we fall below an investment grade credit rating , additional restrictions would result , including restrictions on investments , payment of dividends and stock repurchases .we were in compliance with all covenants under the senior credit facility as of december 31 , 2007 .commitments under the senior credit facility are subject to certain fees , including a facility and a utilization fee .the senior credit facility is rated a- by standard & poor 2019s ratings services and is not rated by moody 2019s investors 2019 service , inc .we also have available uncommitted credit facilities totaling $ 70.4 million .management believes that cash flows from operations , together with available borrowings under the senior credit facility , are sufficient to meet our expected working capital , capital expenditure and debt service needs .should investment opportunities arise , we believe that our earnings , balance sheet and cash flows will allow us to obtain additional capital , if necessary .contractual obligations we have entered into contracts with various third parties in the normal course of business which will require future payments .the following table illustrates our contractual obligations ( in millions ) : contractual obligations total 2008 thereafter .
[['contractual obligations', 'total', '2008', '2009 and 2010', '2011 and 2012', '2013 and thereafter'], ['long-term debt', '$ 104.3', '$ 2013', '$ 2013', '$ 104.3', '$ 2013'], ['operating leases', '134.3', '35.4', '50.0', '28.6', '20.3'], ['purchase obligations', '24.6', '23.2', '1.4', '2013', '2013'], ['long-term income taxes payable', '137.0', '2013', '57.7', '53.9', '25.4'], ['other long-term liabilities', '191.4', '2013', '47.3', '17.1', '127.0'], ['total contractual obligations', '$ 591.6', '$ 58.6', '$ 156.4', '$ 203.9', '$ 172.7']]
total contractual obligations $ 591.6 $ 58.6 $ 156.4 $ 203.9 $ 172.7 critical accounting estimates our financial results are affected by the selection and application of accounting policies and methods .significant accounting policies which require management 2019s judgment are discussed below .excess inventory and instruments 2013 we must determine as of each balance sheet date how much , if any , of our inventory may ultimately prove to be unsaleable or unsaleable at our carrying cost .similarly , we must also determine if instruments on hand will be put to productive use or remain undeployed as a result of excess supply .reserves are established to effectively adjust inventory and instruments to net realizable value .to determine the appropriate level of reserves , we evaluate current stock levels in relation to historical and expected patterns of demand for all of our products and instrument systems and components .the basis for the determination is generally the same for all inventory and instrument items and categories except for work-in-progress inventory , which is recorded at cost .obsolete or discontinued items are generally destroyed and completely written off .management evaluates the need for changes to valuation reserves based on market conditions , competitive offerings and other factors on a regular basis .income taxes fffd we estimate income tax expense and income tax liabilities and assets by taxable jurisdiction .realization of deferred tax assets in each taxable jurisdiction is dependent on our ability to generate future taxable income sufficient to realize the benefits .we evaluate deferred tax assets on an ongoing basis and provide valuation allowances if it is determined to be 201cmore likely than not 201d that the deferred tax benefit will not be realized .federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the u.s .we operate within numerous taxing jurisdictions .we are subject to regulatory review or audit in virtually all of those jurisdictions and those reviews and audits may require extended periods of time to resolve .we make use of all available information and make reasoned judgments regarding matters requiring interpretation in establishing tax expense , liabilities and reserves .we believe adequate provisions exist for income taxes for all periods and jurisdictions subject to review or audit .commitments and contingencies 2013 accruals for product liability and other claims are established with internal and external legal counsel based on current information and historical settlement information for claims , related fees and for claims incurred but not reported .we use an actuarial model to assist management in determining an appropriate level of accruals for product liability claims .historical patterns of claim loss development over time are statistically analyzed to arrive at factors which are then applied to loss estimates in the actuarial model .the amounts established equate to less than 5 percent of total liabilities and represent management 2019s best estimate of the ultimate costs that we will incur under the various contingencies .goodwill and intangible assets 2013 we evaluate the carrying value of goodwill and indefinite life intangible assets annually , or whenever events or circumstances indicate the carrying value may not be recoverable .we evaluate the carrying value of finite life intangible assets whenever events or circumstances indicate the carrying value may not be recoverable .significant assumptions are required to estimate the fair value of goodwill and intangible assets , most notably estimated future cash flows generated by these assets .as such , these fair valuation measurements use significant unobservable inputs as defined under statement of financial accounting standards no .157 , fair value measurements .changes to these assumptions could require us to record impairment charges on these assets .share-based payment 2013 we account for share-based payment expense in accordance with the fair value z i m m e r h o l d i n g s , i n c .2 0 0 7 f o r m 1 0 - k a n n u a l r e p o r t .
|
what percentage of total contractual obligations is long-term debt?
|
18%
|
{
"answer": "18%",
"decimal": 0.18,
"type": "percentage"
}
| |
table of contents ( e ) other adjustments primarily include certain historical retention costs , unusual , non-recurring litigation matters , secondary-offering-related expenses and expenses related to the consolidation of office locations north of chicago .during the year ended december 31 , 2013 , we recorded ipo- and secondary-offering related expenses of $ 75.0 million .for additional information on the ipo- and secondary-offering related expenses , see note 10 ( stockholder 2019s equity ) to the accompanying consolidated financial statements .( f ) includes the impact of consolidating five months for the year ended december 31 , 2015 of kelway 2019s financial results .( 4 ) non-gaap net income excludes , among other things , charges related to the amortization of acquisition-related intangible assets , non-cash equity-based compensation , acquisition and integration expenses , and gains and losses from the extinguishment of long-term debt .non-gaap net income is considered a non-gaap financial measure .generally , a non-gaap financial measure is a numerical measure of a company 2019s performance , financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with gaap .non-gaap measures used by us may differ from similar measures used by other companies , even when similar terms are used to identify such measures .we believe that non-gaap net income provides meaningful information regarding our operating performance and cash flows including our ability to meet our future debt service , capital expenditures and working capital requirements .the following unaudited table sets forth a reconciliation of net income to non-gaap net income for the periods presented: .
[['( in millions )', 'years ended december 31 , 2015', 'years ended december 31 , 2014', 'years ended december 31 , 2013', 'years ended december 31 , 2012', 'years ended december 31 , 2011'], ['net income', '$ 403.1', '$ 244.9', '$ 132.8', '$ 119.0', '$ 17.1'], ['amortization of intangibles ( a )', '173.9', '161.2', '161.2', '163.7', '165.7'], ['non-cash equity-based compensation', '31.2', '16.4', '8.6', '22.1', '19.5'], ['non-cash equity-based compensation related to equity investment ( b )', '20.0', '2014', '2014', '2014', '2014'], ['net loss on extinguishments of long-term debt', '24.3', '90.7', '64.0', '17.2', '118.9'], ['acquisition and integration expenses ( c )', '10.2', '2014', '2014', '2014', '2014'], ['gain on remeasurement of equity investment ( d )', '-98.1 ( 98.1 )', '2014', '2014', '2014', '2014'], ['other adjustments ( e )', '3.7', '-0.3 ( 0.3 )', '61.2', '-3.3 ( 3.3 )', '-15.6 ( 15.6 )'], ['aggregate adjustment for income taxes ( f )', '-64.8 ( 64.8 )', '-103.0 ( 103.0 )', '-113.5 ( 113.5 )', '-71.6 ( 71.6 )', '-106.8 ( 106.8 )'], ['non-gaap net income ( g )', '$ 503.5', '$ 409.9', '$ 314.3', '$ 247.1', '$ 198.8']]
acquisition and integration expenses ( c ) 10.2 2014 2014 2014 2014 gain on remeasurement of equity investment ( d ) ( 98.1 ) 2014 2014 2014 2014 other adjustments ( e ) 3.7 ( 0.3 ) 61.2 ( 3.3 ) ( 15.6 ) aggregate adjustment for income taxes ( f ) ( 64.8 ) ( 103.0 ) ( 113.5 ) ( 71.6 ) ( 106.8 ) non-gaap net income ( g ) $ 503.5 $ 409.9 $ 314.3 $ 247.1 $ 198.8 ( a ) includes amortization expense for acquisition-related intangible assets , primarily customer relationships , customer contracts and trade names .( b ) represents our 35% ( 35 % ) share of an expense related to certain equity awards granted by one of the sellers to kelway coworkers in july 2015 prior to our acquisition of kelway .( c ) primarily includes expenses related to the acquisition of kelway .( d ) represents the gain resulting from the remeasurement of our previously held 35% ( 35 % ) equity investment to fair value upon the completion of the acquisition of kelway .( e ) primarily includes expenses related to the consolidation of office locations north of chicago and secondary- offering-related expenses .amount in 2013 primarily relates to ipo- and secondary-offering related expenses .( f ) based on a normalized effective tax rate of 38.0% ( 38.0 % ) ( 39.0% ( 39.0 % ) prior to the kelway acquisition ) , except for the non- cash equity-based compensation from our equity investment and the gain resulting from the remeasurement of our previously held 35% ( 35 % ) equity investment to fair value upon the completion of the acquisition of kelway , which were tax effected at a rate of 35.4% ( 35.4 % ) .the aggregate adjustment for income taxes also includes a $ 4.0 million deferred tax benefit recorded during the three months and year ended december 31 , 2015 as a result of a tax rate reduction in the united kingdom and additional tax expense during the year ended december 31 , 2015 of $ 3.3 million as a result of recording withholding tax on the unremitted earnings of our canadian subsidiary .additionally , note that certain acquisition costs are non-deductible. .
|
what would 2013 non-gaap net income have been ( millions ) without the stock issuance expenses?
|
389.3
|
{
"answer": "389.3",
"decimal": 389.3,
"type": "float"
}
| |
the following table sets forth information concerning increases in the total number of our aap stores during the past five years : beginning stores new stores ( 1 ) stores closed ending stores ( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .our store-based information systems , which are designed to improve the efficiency of our operations and enhance customer service , are comprised of a proprietary pos system and electronic parts catalog , or epc , system .information maintained by our pos system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .our pos system is fully integrated with our epc system and enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .our epc system also contains enhanced search engines and user-friendly navigation tools that enhance our team members' ability to look up any needed parts as well as additional products the customer needs to complete an automotive repair project .if a hard-to-find part or accessory is not available at one of our stores , the epc system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .our store-level inventory management system provides real-time inventory tracking at the store level .with the store-level system , store team members can check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .our stores use radio frequency hand-held devices to help ensure the accuracy of our inventory .our standard operating procedure , or sop , system is a web-based , electronic data management system that provides our team members with instant access to any of our standard operating procedures through a comprehensive on-line search function .all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .our global sourcing team works closely with both teams .in fiscal 2011 , we purchased merchandise from approximately 500 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .
[['', '2011', '2010', '2009', '2008', '2007'], ['beginning stores', '3369', '3264', '3243', '3153', '2995'], ['new stores ( 1 )', '95', '110', '75', '109', '175'], ['stores closed', '-4 ( 4 )', '-5 ( 5 )', '-54 ( 54 )', '-19 ( 19 )', '-17 ( 17 )'], ['ending stores', '3460', '3369', '3264', '3243', '3153']]
the following table sets forth information concerning increases in the total number of our aap stores during the past five years : beginning stores new stores ( 1 ) stores closed ending stores ( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .our store-based information systems , which are designed to improve the efficiency of our operations and enhance customer service , are comprised of a proprietary pos system and electronic parts catalog , or epc , system .information maintained by our pos system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .our pos system is fully integrated with our epc system and enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .our epc system also contains enhanced search engines and user-friendly navigation tools that enhance our team members' ability to look up any needed parts as well as additional products the customer needs to complete an automotive repair project .if a hard-to-find part or accessory is not available at one of our stores , the epc system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .our store-level inventory management system provides real-time inventory tracking at the store level .with the store-level system , store team members can check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .our stores use radio frequency hand-held devices to help ensure the accuracy of our inventory .our standard operating procedure , or sop , system is a web-based , electronic data management system that provides our team members with instant access to any of our standard operating procedures through a comprehensive on-line search function .all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .our global sourcing team works closely with both teams .in fiscal 2011 , we purchased merchandise from approximately 500 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .
|
what is the net number of stores that opened during 2010?
|
105
|
{
"answer": "105",
"decimal": 105,
"type": "float"
}
| |
note 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings .the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million .as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years .we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 .in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements .stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units .the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant .no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year .the minimum vesting period for restricted stock or stock units payable in stock is three years .award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff .the maximum term of a stock option or any other award is 10 years .at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans .at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans .we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied .the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share .
[['', 'number of rsus ( in thousands )', 'weighted average grant-date fair value pershare'], ['nonvested at december 31 2011', '4302', '$ 78.25'], ['granted', '1987', '81.93'], ['vested', '-1299 ( 1299 )', '80.64'], ['forfeited', '-168 ( 168 )', '79.03'], ['nonvested at december 31 2012', '4822', '$ 79.10'], ['granted', '1356', '89.24'], ['vested', '-2093 ( 2093 )', '79.26'], ['forfeited', '-226 ( 226 )', '81.74'], ['nonvested at december 31 2013', '3859', '$ 82.42'], ['granted', '745', '146.85'], ['vested', '-2194 ( 2194 )', '87.66'], ['forfeited', '-84 ( 84 )', '91.11'], ['nonvested at december 31 2014', '2326', '$ 97.80']]
rsus are valued based on the fair value of our common stock on the date of grant .employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award .employees who are granted rsus receive dividend-equivalent cash payments only upon vesting .for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments .we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
|
what was the percentage change in non-cash stock-based compensation expense from 2012 to 2013?
|
14%
|
{
"answer": "14%",
"decimal": 0.14,
"type": "percentage"
}
| |
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2018 , 2017 , and 2016 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
[['', '2018', '2017', '2016'], ['balance at january 1', '$ 348', '$ 352', '$ 364'], ['additions for current year tax positions', '2', '2014', '2'], ['additions for tax positions of prior years', '146', '2', '1'], ['reductions for tax positions of prior years', '( 26 )', '( 5 )', '( 1 )'], ['settlements', '2014', '2014', '( 13 )'], ['lapse of statute of limitations', '( 7 )', '( 1 )', '( 1 )'], ['balance at december 31', '$ 463', '$ 348', '$ 352']]
the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2018 .our effective tax rate and net income in any given future period could therefore be materially impacted .22 .discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market .the disposals of sul and eletropaulo were completed in october 2016 and june 2018 , respectively .eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares to the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business .as a result , the company deconsolidated eletropaulo .after deconsolidation , the company's 17% ( 17 % ) ownership interest was reflected as an equity method investment .the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl .in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation .therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented .in june 2018 , the company completed the sale of its entire 17% ( 17 % ) ownership interest in eletropaulo through a bidding process hosted by the brazilian securities regulator , cvm .gross proceeds of $ 340 million were received at our subsidiary in brazil , subject to the payment of taxes .upon disposal of eletropaulo , the company recorded a pre-tax gain on sale of $ 243 million ( after-tax $ 199 million ) .excluding the gain on sale , eletropaulo's pre-tax loss attributable to aes was immaterial for the year ended december 31 , 2018 .eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively .prior to its classification as discontinued operations , eletropaulo was reported in the south america sbu reportable segment .sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 .the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented .upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul .prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group. .
|
what was the percentage change of unrecognized tax benefits at year end between 2016 and 2017?
|
-1%
|
{
"answer": "-1%",
"decimal": -0.01,
"type": "percentage"
}
| |
during 2010 , we granted 3.8 million rsus and 1.1 million employee sars .see footnote no .4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information .new accounting standards see footnote no .1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards .liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings .borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt .we also pay quarterly fees on the credit facility at a rate based on our public debt rating .for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 .although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 .the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 .our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios .we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future .we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements .at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million .we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility .during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end .as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs .since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly .cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 .
[['( $ in millions )', '2010', '2009', '2008'], ['cash from operations', '$ 1151', '$ 868', '$ 641'], ['depreciation expense', '138', '151', '155'], ['amortization expense', '40', '34', '35']]
our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 .we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts .we also have significant borrowing capacity under our credit facility should we need additional working capital. .
|
what was the percentage change in cash from operations between 2009 and 2010?
|
33%
|
{
"answer": "33%",
"decimal": 0.33,
"type": "percentage"
}
| |
note 9 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations .postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material .the measurement date used for the company 2019s employee benefit plans is september 30 .effective january 1 , 2018 , the legacy u.s .pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: .
[['( millions of dollars )', 'pension plans 2019', 'pension plans 2018', 'pension plans 2017'], ['service cost', '$ 134', '$ 136', '$ 110'], ['interest cost', '107', '90', '61'], ['expected return on plan assets', '( 180 )', '( 154 )', '( 112 )'], ['amortization of prior service credit', '( 13 )', '( 13 )', '( 14 )'], ['amortization of loss', '78', '78', '92'], ['settlements', '10', '2', '2014'], ['net pension cost', '$ 135', '$ 137', '$ 138'], ['net pension cost included in the preceding table that is attributable to international plans', '$ 32', '$ 34', '$ 43']]
net pension cost included in the preceding table that is attributable to international plans $ 32 $ 34 $ 43 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods .the settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the company 2019s u.s .supplemental pension plan .the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year .as further discussed in note 2 , upon adopting an accounting standard update on october 1 , 2018 , all components of the company 2019s net periodic pension and postretirement benefit costs , aside from service cost , are recorded to other income ( expense ) , net on its consolidated statements of income , for all periods presented .notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company .
|
in 2017 what was the ratio of the pension service cost to the interest cost
|
1.8
|
{
"answer": "1.8",
"decimal": 1.8,
"type": "float"
}
| |
the company files income tax returns in the u.s .federal jurisdiction , and various states and foreign jurisdictions .with few exceptions , the company is no longer subject to u.s .federal , state and local , or non-u.s .income tax examinations by tax authorities for years before 1999 .it is anticipated that its examination for the company 2019s u.s .income tax returns for the years 2002 through 2004 will be completed by the end of first quarter 2008 .as of december 31 , 2007 , the irs has proposed adjustments to the company 2019s tax positions for which the company is fully reserved .payments relating to any proposed assessments arising from the 2002 through 2004 audit may not be made until a final agreement is reached between the company and the irs on such assessments or upon a final resolution resulting from the administrative appeals process or judicial action .in addition to the u.s .federal examination , there is also limited audit activity in several u.s .state and foreign jurisdictions .currently , the company expects the liability for unrecognized tax benefits to change by an insignificant amount during the next 12 months .the company adopted the provisions of fasb interpretation no .48 , 201caccounting for uncertainty in income taxes , 201d on january 1 , 2007 .as a result of the implementation of interpretation 48 , the company recognized an immaterial increase in the liability for unrecognized tax benefits , which was accounted for as a reduction to the january 1 , 2007 , balance of retained earnings .a reconciliation of the beginning and ending amount of gross unrecognized tax benefits ( 201cutb 201d ) is as follows : ( millions ) federal , state , and foreign tax .
[['( millions )', 'federal state and foreign tax'], ['gross utb balance at january 1 2007', '$ 691'], ['additions based on tax positions related to the current year', '79'], ['additions for tax positions of prior years', '143'], ['reductions for tax positions of prior years', '-189 ( 189 )'], ['settlements', '-24 ( 24 )'], ['reductions due to lapse of applicable statute of limitations', '-20 ( 20 )'], ['gross utb balance at december 31 2007', '$ 680'], ['net utb impacting the effective tax rate at december 31 2007', '$ 334']]
the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate as of january 1 , 2007 and december 31 , 2007 , respectively , are $ 261 million and $ 334 million .the ending net utb results from adjusting the gross balance at december 31 , 2007 for items such as federal , state , and non-u.s .deferred items , interest and penalties , and deductible taxes .the net utb is included as components of accrued income taxes and other liabilities within the consolidated balance sheet .the company recognizes interest and penalties accrued related to unrecognized tax benefits in tax expense .at january 1 , 2007 and december 31 , 2007 , accrued interest and penalties on a gross basis were $ 65 million and $ 69 million , respectively .included in these interest and penalty amounts is interest and penalties related to tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility .because of the impact of deferred tax accounting , other than interest and penalties , the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period .in 2007 , the company completed the preparation and filing of its 2006 u.s .federal and state income tax returns , which did not result in any material changes to the company 2019s financial position .in 2006 , an audit of the company 2019s u.s .tax returns for years through 2001 was completed .the company and the internal revenue service reached a final settlement for these years , including an agreement on the amount of a refund claim to be filed by the company .the company also substantially resolved audits in certain european countries .in addition , the company completed the preparation and filing of its 2005 u.s .federal income tax return and the corresponding 2005 state income tax returns .the adjustments from amounts previously estimated in the u.s .federal and state income tax returns ( both positive and negative ) included lower u.s .taxes on dividends received from the company's foreign subsidiaries .the company also made quarterly adjustments ( both positive and negative ) to its reserves for tax contingencies .considering the developments noted above and other factors , including the impact on open audit years of the recent resolution of issues in various audits , these reassessments resulted in a reduction of the reserves in 2006 by $ 149 million , inclusive of the expected amount of certain refund claims .in 2005 , the company announced its intent to reinvest $ 1.7 billion of foreign earnings in the united states pursuant to the provisions of the american jobs creation act of 2004 .this act provided the company the opportunity to tax- .
|
in 2007 what was the ratio of the beginning gross unrecognized tax benefits to the ending balance
|
2.1
|
{
"answer": "2.1",
"decimal": 2.1,
"type": "float"
}
|
every $ 2.1 in the gross unrecognized tax benefits led to a $ 1 in the net unrecognized tax benefits
|
46 d e v o n e n e r g y a n n u a l r e p o r t 2 0 0 4 contents of gas produced , transportation availability and costs and demand for the various products derived from oil , natural gas and ngls .substantially all of devon 2019s revenues are attributable to sales , processing and transportation of these three commodities .consequently , our financial results and resources are highly influenced by price volatility .estimates for devon 2019s future production of oil , natural gas and ngls are based on the assumption that market demand and prices will continue at levels that allow for profitable production of these products .there can be no assurance of such stability .most of our canadian production is subject to government royalties that fluctuate with prices .thus , price fluctuations can affect reported production .also , our international production is governed by payout agreements with the governments of the countries in which we operate .if the payout under these agreements is attained earlier than projected , devon 2019s net production and proved reserves in such areas could be reduced .estimates for our future processing and transport of oil , natural gas and ngls are based on the assumption that market demand and prices will continue at levels that allow for profitable processing and transport of these products .there can be no assurance of such stability .the production , transportation , processing and marketing of oil , natural gas and ngls are complex processes which are subject to disruption from many causes .these causes include transportation and processing availability , mechanical failure , human error , meteorological events including , but not limited to , hurricanes , and numerous other factors .the following forward-looking statements were prepared assuming demand , curtailment , producibility and general market conditions for devon 2019s oil , natural gas and ngls during 2005 will be substantially similar to those of 2004 , unless otherwise noted .unless otherwise noted , all of the following dollar amounts are expressed in u.s .dollars .amounts related to canadian operations have been converted to u.s .dollars using a projected average 2005 exchange rate of $ 0.82 u.s .to $ 1.00 canadian .the actual 2005 exchange rate may vary materially from this estimate .such variations could have a material effect on the following estimates .though we have completed several major property acquisitions and dispositions in recent years , these transactions are opportunity driven .thus , the following forward-looking data excludes the financial and operating effects of potential property acquisitions or divestitures , except as discussed in 201cproperty acquisitions and divestitures , 201d during the year 2005 .the timing and ultimate results of such acquisition and divestiture activity is difficult to predict , and may vary materially from that discussed in this report .geographic reporting areas for 2005 the following estimates of production , average price differentials and capital expenditures are provided separately for each of the following geographic areas : 2022 the united states onshore ; 2022 the united states offshore , which encompasses all oil and gas properties in the gulf of mexico ; 2022 canada ; and 2022 international , which encompasses all oil and gas properties that lie outside of the united states and canada .year 2005 potential operating items the estimates related to oil , gas and ngl production , operating costs and dd&a set forth in the following paragraphs are based on estimates for devon 2019s properties other than those that have been designated for possible sale ( see 201cproperty acquisitions and divestitures 201d ) .therefore , the following estimates exclude the results of the potential sale properties for the entire year .oil , gas and ngl production set forth in the following paragraphs are individual estimates of devon 2019s oil , gas and ngl production for 2005 .on a combined basis , devon estimates its 2005 oil , gas and ngl production will total 217 mmboe .of this total , approximately 92% ( 92 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2004 .oil production we expect our oil production in 2005 to total 60 mmbbls .of this total , approximately 95% ( 95 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2004 .the expected production by area is as follows: .
[['', '( mmbbls )'], ['united states onshore', '12'], ['united states offshore', '10'], ['canada', '12'], ['international', '26']]
oil prices 2013 fixed through various price swaps , devon has fixed the price it will receive in 2005 on a portion of its oil production .the following table includes information on this fixed-price production by area .where necessary , the prices have been adjusted for certain transportation costs that are netted against the prices recorded by devon. .
|
how much of the oil production is estimated to be produced from unproved reserves at dec 31 , 2004 , in mmbbls?
|
3
|
{
"answer": "3",
"decimal": 3,
"type": "float"
}
| |
sources and uses of cash ( in millions ) in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 29 , dec 30 , dec 31 .
[['years ended ( in millions )', 'dec 292018', 'dec 302017', 'dec 312016'], ['net cash provided by operating activities', '$ 29432', '$ 22110', '$ 21808'], ['net cash used for investing activities', '-11239 ( 11239 )', '-15762 ( 15762 )', '-25817 ( 25817 )'], ['net cash provided by ( used for ) financing activities', '-18607 ( 18607 )', '-8475 ( 8475 )', '-5739 ( 5739 )'], ['net increase ( decrease ) in cash and cash equivalents', '$ -414 ( 414 )', '$ -2127 ( 2127 )', '$ -9748 ( 9748 )']]
md&a consolidated results and analysis 40 .
|
as of december 292017 what was the percent of the net cash provided by ( used for ) financing activities to the net cash provided by operating activities
|
38.33%
|
{
"answer": "38.33%",
"decimal": 0.3833,
"type": "percentage"
}
|
as of december 292017 38.3% of net cash provided by operating activities was used for the ( used for ) financing activities
|
and machine tooling to enhance manufacturing operations , and ongoing replacements of manufacturing and distribution equipment .capital spending in all three years also included spending for the replacement and enhancement of the company 2019s global enterprise resource planning ( erp ) management information systems , as well as spending to enhance the company 2019s corporate headquarters and research and development facilities in kenosha , wisconsin .snap-on believes that its cash generated from operations , as well as its available cash on hand and funds available from its credit facilities will be sufficient to fund the company 2019s capital expenditure requirements in 2013 .in 2010 , snap-on acquired the remaining 40% ( 40 % ) interest in snap-on asia manufacturing ( zhejiang ) co. , ltd. , the company 2019s tool manufacturing operation in xiaoshan , china , for a purchase price of $ 7.7 million and $ 0.1 million of transaction costs ; snap-on acquired the initial 60% ( 60 % ) interest in 2008 .see note 2 to the consolidated financial statements for additional information .financing activities net cash used by financing activities was $ 127.0 million in 2012 .net cash used by financing activities of $ 293.7 million in 2011 included the august 2011 repayment of $ 200 million of unsecured 6.25% ( 6.25 % ) notes upon maturity with available cash .in december 2010 , snap-on sold $ 250 million of unsecured 4.25% ( 4.25 % ) long-term notes at a discount ; snap-on is using , and has used , the $ 247.7 million of proceeds from the sale of these notes , net of $ 1.6 million of transaction costs , for general corporate purposes , which included working capital , capital expenditures , repayment of all or a portion of the company 2019s $ 200 million , 6.25% ( 6.25 % ) unsecured notes that matured in august 2011 , and the financing of finance and contract receivables , primarily related to soc .in january 2010 , snap-on repaid $ 150 million of unsecured floating rate debt upon maturity with available cash .proceeds from stock purchase and option plan exercises totaled $ 46.8 million in 2012 , $ 25.7 million in 2011 and $ 23.7 million in 2010 .snap-on has undertaken stock repurchases from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans , stock options and other corporate purposes .in 2012 , snap-on repurchased 1180000 shares of its common stock for $ 78.1 million under its previously announced share repurchase programs .as of 2012 year end , snap-on had remaining availability to repurchase up to an additional $ 180.9 million in common stock pursuant to its board of directors 2019 ( the 201cboard 201d ) authorizations .the purchase of snap-on common stock is at the company 2019s discretion , subject to prevailing financial and market conditions .snap-on repurchased 628000 shares of its common stock for $ 37.4 million in 2011 ; snap-on repurchased 152000 shares of its common stock for $ 8.7 million in 2010 .snap-on believes that its cash generated from operations , available cash on hand , and funds available from its credit facilities , will be sufficient to fund the company 2019s share repurchases , if any , in 2013 .snap-on has paid consecutive quarterly cash dividends , without interruption or reduction , since 1939 .cash dividends paid in 2012 , 2011 and 2010 totaled $ 81.5 million , $ 76.7 million and $ 71.3 million , respectively .on november 1 , 2012 , the company announced that its board increased the quarterly cash dividend by 11.8% ( 11.8 % ) to $ 0.38 per share ( $ 1.52 per share per year ) .quarterly dividends declared in 2012 were $ 0.38 per share in the fourth quarter and $ 0.34 per share in the first three quarters ( $ 1.40 per share for the year ) .quarterly dividends in 2011 were $ 0.34 per share in the fourth quarter and $ 0.32 per share in the first three quarters ( $ 1.30 per share for the year ) .quarterly dividends in 2010 were $ 0.32 per share in the fourth quarter and $ 0.30 per share in the first three quarters ( $ 1.22 per share for the year ) . .
[['', '2012', '2011', '2010'], ['cash dividends paid per common share', '$ 1.40', '$ 1.30', '$ 1.22'], ['cash dividends paid as a percent of prior-year retained earnings', '4.4% ( 4.4 % )', '4.7% ( 4.7 % )', '4.7% ( 4.7 % )']]
cash dividends paid as a percent of prior-year retained earnings 4.4% ( 4.4 % ) 4.7% ( 4.7 % ) snap-on believes that its cash generated from operations , available cash on hand and funds available from its credit facilities will be sufficient to pay dividends in 2013 .off-balance-sheet arrangements except as included below in the section labeled 201ccontractual obligations and commitments 201d and note 15 to the consolidated financial statements , the company had no off-balance-sheet arrangements as of 2012 year end .2012 annual report 47 .
|
what is the average repurchase price per share in 2011?
|
59.55
|
{
"answer": "59.55",
"decimal": 59.55,
"type": "float"
}
| |
december 31 , 2015 carrying amount accumulated amortization .
[['december 31 2015', 'gross carrying amount', 'accumulated amortization'], ['computer software', '$ 793', '$ -643 ( 643 )'], ['patents and licenses', '110', '-98 ( 98 )'], ['other intangibles ( f )', '961', '-64 ( 64 )'], ['total amortizable intangible assets', '1864', '-805 ( 805 )'], ['indefinite-lived trade names and trademarks', '45', '-'], ['total other intangible assets', '$ 1909', '$ -805 ( 805 )']]
computer software consists primarily of software costs associated with an enterprise business solution ( ebs ) within arconic to drive common systems among all businesses .amortization expense related to the intangible assets in the tables above for the years ended december 31 , 2016 , 2015 , and 2014 was $ 65 , $ 67 , and $ 55 , respectively , and is expected to be in the range of approximately $ 56 to $ 64 annually from 2017 to 2021 .f .acquisitions and divestitures pro forma results of the company , assuming all acquisitions described below were made at the beginning of the earliest prior period presented , would not have been materially different from the results reported .2016 divestitures .in april 2016 , arconic completed the sale of the remmele medical business to lisi medical for $ 102 in cash ( $ 99 net of transaction costs ) , which was included in proceeds from the sale of assets and businesses on the accompanying statement of consolidated cash flows .this business , which was part of the rti international metals inc .( rti ) acquisition ( see below ) , manufactures precision-machined metal products for customers in the minimally invasive surgical device and implantable device markets .since this transaction occurred within a year of the completion of the rti acquisition , no gain was recorded on this transaction as the excess of the proceeds over the carrying value of the net assets of this business was reflected as a purchase price adjustment ( decrease to goodwill of $ 44 ) to the final allocation of the purchase price related to arconic 2019s acquisition of rti .while owned by arconic , the operating results and assets and liabilities of this business were included in the engineered products and solutions segment .this business generated sales of approximately $ 20 from january 1 , 2016 through the divestiture date , april 29 , 2016 , and , at the time of the divestiture , had approximately 330 employees .this transaction is no longer subject to post-closing adjustments .2015 acquisitions .in march 2015 , arconic completed the acquisition of an aerospace structural castings company , tital , for $ 204 ( 20ac188 ) in cash ( an additional $ 1 ( 20ac1 ) was paid in september 2015 to settle working capital in accordance with the purchase agreement ) .tital , a privately held company with approximately 650 employees based in germany , produces aluminum and titanium investment casting products for the aerospace and defense markets .the purpose of this acquisition is to capture increasing demand for advanced jet engine components made of titanium , establish titanium-casting capabilities in europe , and expand existing aluminum casting capacity .the assets , including the associated goodwill , and liabilities of this business were included within arconic 2019s engineered products and solutions segment since the date of acquisition .based on the preliminary allocation of the purchase price , goodwill of $ 118 was recorded for this transaction .in the first quarter of 2016 , the allocation of the purchase price was finalized , based , in part , on the completion of a third-party valuation of certain assets acquired , resulting in a $ 1 reduction of the initial goodwill amount .none of the $ 117 in goodwill is deductible for income tax purposes and no other intangible assets were identified .this transaction is no longer subject to post-closing adjustments .in july 2015 , arconic completed the acquisition of rti , a u.s .company that was publicly traded on the new york stock exchange under the ticker symbol 201crti . 201d arconic purchased all outstanding shares of rti common stock in a stock-for-stock transaction valued at $ 870 ( based on the $ 9.96 per share july 23 , 2015 closing price of arconic 2019s .
|
what is the original value of patents and licenses , in dollars?
|
208
|
{
"answer": "208",
"decimal": 208,
"type": "float"
}
|
the original value is calculated based upon the gross carrying amount formula , in which the carrying amount is equal to the original value mines the amortization/depreciation costs .
|
( a ) excludes discontinued operations .( b ) earnings before interest expense and taxes as a percent of average total assets .( c ) total debt as a percent of the sum of total debt , shareholders 2019 equity and non-current deferred income tax liabilities .the results above include the impact of the specified items detailed below .additional discussion regarding the specified items in fiscal years 2017 , 2016 and 2015 are provided in item 7 .management 2019s discussion and analysis of financial condition and results of operations. .
[['millions of dollars except per share amounts', 'years ended september 30 2017', 'years ended september 30 2016', 'years ended september 30 2015', 'years ended september 30 2014', 'years ended september 30 2013'], ['total specified items', '$ 1466', '$ 1261', '$ 1186', '$ 153', '$ 442'], ['after-tax impact of specified items', '$ 971', '$ 892', '$ 786', '$ 101', '$ 279'], ['impact of specified items on diluted earnings per share', '$ -4.34 ( 4.34 )', '$ -4.10 ( 4.10 )', '$ -3.79 ( 3.79 )', '$ -0.51 ( 0.51 )', '$ -1.40 ( 1.40 )'], ['impact of dilution from share issuances', '$ -0.54 ( 0.54 )', '$ 2014', '$ -0.02 ( 0.02 )', '$ 2014', '$ 2014']]
item 7 .management 2019s discussion and analysis of financial condition and results of operations the following commentary should be read in conjunction with the consolidated financial statements and accompanying notes .within the tables presented throughout this discussion , certain columns may not add due to the use of rounded numbers for disclosure purposes .percentages and earnings per share amounts presented are calculated from the underlying amounts .references to years throughout this discussion relate to our fiscal years , which end on september 30 .company overview description of the company and business segments becton , dickinson and company ( 201cbd 201d ) is a global medical technology company engaged in the development , manufacture and sale of a broad range of medical supplies , devices , laboratory equipment and diagnostic products used by healthcare institutions , life science researchers , clinical laboratories , the pharmaceutical industry and the general public .the company's organizational structure is based upon two principal business segments , bd medical ( 201cmedical 201d ) and bd life sciences ( 201clife sciences 201d ) .bd 2019s products are manufactured and sold worldwide .our products are marketed in the united states and internationally through independent distribution channels and directly to end-users by bd and independent sales representatives .we organize our operations outside the united states as follows : europe ; ema ( which includes the commonwealth of independent states , the middle east and africa ) ; greater asia ( which includes japan and asia pacific ) ; latin america ( which includes mexico , central america , the caribbean , and south america ) ; and canada .we continue to pursue growth opportunities in emerging markets , which include the following geographic regions : eastern europe , the middle east , africa , latin america and certain countries within asia pacific .we are primarily focused on certain countries whose healthcare systems are expanding , in particular , china and india .strategic objectives bd remains focused on delivering sustainable growth and shareholder value , while making appropriate investments for the future .bd management operates the business consistent with the following core strategies : 2022 to increase revenue growth by focusing on our core products , services and solutions that deliver greater benefits to patients , healthcare workers and researchers; .
|
based on the management 2019s discussion and analysis of financial condition and results of operations what was the percent of approximate tax expense of the total specified items in 2018
|
33.8%
|
{
"answer": "33.8%",
"decimal": 0.33799999999999997,
"type": "percentage"
}
| |
federal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... .additions during period 2014depreciation and amortization expense .................................................................... .deductions during period 2014disposition and retirements of property ................................................................. .balance , december 31 , 2009................................................................................................................................... .additions during period 2014depreciation and amortization expense .................................................................... .deductions during period 2014disposition and retirements of property ................................................................. .balance , december 31 , 2010................................................................................................................................... .additions during period 2014depreciation and amortization expense .................................................................... .deductions during period 2014disposition and retirements of property ................................................................. .balance , december 31 , 2011................................................................................................................................... .$ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 .
[['balance december 31 2008', '$ 846258'], ['additions during period 2014depreciation and amortization expense', '103698'], ['deductions during period 2014disposition and retirements of property', '-11869 ( 11869 )'], ['balance december 31 2009', '938087'], ['additions during period 2014depreciation and amortization expense', '108261'], ['deductions during period 2014disposition and retirements of property', '-11144 ( 11144 )'], ['balance december 31 2010', '1035204'], ['additions during period 2014depreciation and amortization expense', '114180'], ['deductions during period 2014disposition and retirements of property', '-21796 ( 21796 )'], ['balance december 31 2011', '$ 1127588']]
federal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... .additions during period 2014depreciation and amortization expense .................................................................... .deductions during period 2014disposition and retirements of property ................................................................. .balance , december 31 , 2009................................................................................................................................... .additions during period 2014depreciation and amortization expense .................................................................... .deductions during period 2014disposition and retirements of property ................................................................. .balance , december 31 , 2010................................................................................................................................... .additions during period 2014depreciation and amortization expense .................................................................... .deductions during period 2014disposition and retirements of property ................................................................. .balance , december 31 , 2011................................................................................................................................... .$ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 .
|
considering the years 2008-2010 , what is the value of the average deductions?\\n
|
14936.33
|
{
"answer": "14936.33",
"decimal": 14936.33,
"type": "float"
}
|
it is the sum of all deductions divided by the sum of the years .
|
measurement point december 31 the priceline group nasdaq composite index s&p 500 rdg internet composite .
[['measurement pointdecember 31', 'the priceline group inc .', 'nasdaqcomposite index', 's&p 500index', 'rdg internetcomposite'], ['2010', '100.00', '100.00', '100.00', '100.00'], ['2011', '117.06', '100.53', '102.11', '102.11'], ['2012', '155.27', '116.92', '118.45', '122.23'], ['2013', '290.93', '166.19', '156.82', '199.42'], ['2014', '285.37', '188.78', '178.29', '195.42'], ['2015', '319.10', '199.95', '180.75', '267.25']]
.
|
at the measurement point december 312015 what was ratio of the the priceline group inc.to the nasdaq composite index
|
1.6
|
{
"answer": "1.6",
"decimal": 1.6,
"type": "float"
}
|
at the measurement point december 312015 the ratio of the the priceline group inc.to the nasdaq composite index was 1.6
|
tower cash flow , adjusted consolidated cash flow and non-tower cash flow are considered non-gaap financial measures .we are required to provide these financial metrics by the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , and we have included them below because we consider the indentures for these notes to be material agreements , the covenants related to tower cash flow , adjusted consolidated cash flow and non-tower cash flow to be material terms of the indentures , and information about compliance with such covenants to be material to an investor 2019s understanding of our financial results and the impact of those results on our liquidity .the following table presents tower cash flow , adjusted consolidated cash flow and non-tower cash flow for the company and its restricted subsidiaries , as defined in the indentures for the applicable notes ( in thousands ) : .
[['tower cash flow for the three months ended december 31 2008', '$ 188449'], ['consolidated cash flow for the twelve months ended december 31 2008', '726954'], ['less : tower cash flow for the twelve months ended december 31 2008', '-741565 ( 741565 )'], ['plus : four times tower cash flow for the three months ended december 31 2008', '753798'], ['adjusted consolidated cash flow for the twelve months ended december 31 2008', '739187'], ['non-tower cash flow for the twelve months ended december 31 2008', '$ -14611 ( 14611 )']]
.
|
what portion of the adjusted consolidated cash flow for the twelve months ended december 31 , 2008 is related to tower cash flow?
|
102.0%
|
{
"answer": "102.0%",
"decimal": 1.02,
"type": "percentage"
}
| |
seasonality our business experiences seasonality that varies by product line .because more construction and do-it-yourself projects occur during the second and third calendar quarters of each year in the northern hemisphere , our security product sales , typically , are higher in those quarters than in the first and fourth calendar quarters .however , our interflex business typically experiences higher sales in the fourth calendar quarter due to project timing .revenue by quarter for the years ended december 31 , 2016 , 2015 and 2014 are as follows: .
[['', 'first quarter', 'second quarter', 'third quarter', 'fourth quarter'], ['2016', '22% ( 22 % )', '26% ( 26 % )', '26% ( 26 % )', '26% ( 26 % )'], ['2015', '22% ( 22 % )', '25% ( 25 % )', '26% ( 26 % )', '27% ( 27 % )'], ['2014', '22% ( 22 % )', '25% ( 25 % )', '26% ( 26 % )', '27% ( 27 % )']]
employees as of december 31 , 2016 , we had more than 9400 employees .environmental regulation we have a dedicated environmental program that is designed to reduce the utilization and generation of hazardous materials during the manufacturing process as well as to remediate identified environmental concerns .as to the latter , we are currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities .the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes .we are sometimes a party to environmental lawsuits and claims and have received notices of potential violations of environmental laws and regulations from the u.s .environmental protection agency ( the "epa" ) and similar state authorities .we have also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites .for all such sites , there are other prps and , in most instances , our involvement is minimal .in estimating our liability , we have assumed that we will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable .the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis .additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future .we incurred $ 23.3 million , $ 4.4 million , and $ 2.9 million of expenses during the years ended december 31 , 2016 , 2015 , and 2014 , respectively , for environmental remediation at sites presently or formerly owned or leased by us .as of december 31 , 2016 and 2015 , we have recorded reserves for environmental matters of $ 30.6 million and $ 15.2 million .of these amounts $ 9.6 million and $ 2.8 million , respectively , relate to remediation of sites previously disposed by us .given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain .available information we are required to file annual , quarterly , and current reports , proxy statements , and other documents with the u.s .securities and exchange commission ( "sec" ) .the public may read and copy any materials filed with the sec at the sec 2019s public reference room at 100 f street , n.e. , washington , d.c .20549 .the public may obtain information on the operation of the public reference room by calling the sec at 1-800-sec-0330 .also , the sec maintains an internet website that contains reports , proxy and information statements , and other information regarding issuers that file electronically with the sec .the public can obtain any documents that are filed by us at http://www.sec.gov .in addition , this annual report on form 10-k , as well as future quarterly reports on form 10-q , current reports on form 8-k and any amendments to all of the foregoing reports , are made available free of charge on our internet website ( http://www.allegion.com ) as soon as reasonably practicable after such reports are electronically filed with or furnished to the sec .the contents of our website are not incorporated by reference in this report. .
|
considering the year 2015 , what is the highest revenue?
|
27%
|
{
"answer": "27%",
"decimal": 0.27,
"type": "percentage"
}
|
it is the maximum value of revenue for that year .
|
december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
[['', 'december 312011', 'december 312012', 'december 312013', 'december 312014', 'december 312015', 'december 312016'], ['disca', '$ 100.00', '$ 154.94', '$ 220.70', '$ 168.17', '$ 130.24', '$ 133.81'], ['discb', '$ 100.00', '$ 150.40', '$ 217.35', '$ 175.04', '$ 127.80', '$ 137.83'], ['disck', '$ 100.00', '$ 155.17', '$ 222.44', '$ 178.89', '$ 133.79', '$ 142.07'], ['s&p 500', '$ 100.00', '$ 113.41', '$ 146.98', '$ 163.72', '$ 162.53', '$ 178.02'], ['peer group', '$ 100.00', '$ 134.98', '$ 220.77', '$ 253.19', '$ 243.93', '$ 271.11']]
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2017 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference .item 6 .selected financial data .the table set forth below presents our selected financial information for each of the past five years ( in millions , except per share amounts ) .the selected statement of operations information for each of the three years ended december 31 , 2016 and the selected balance sheet information as of december 31 , 2016 and 2015 have been derived from and should be read in conjunction with the information in item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations , 201d the audited consolidated financial statements included in item 8 , 201cfinancial statements and supplementary data , 201d and other financial information included elsewhere in this annual report on form 10-k .the selected statement of operations information for each of the two years ended december 31 , 2013 and 2012 and the selected balance sheet information as of december 31 , 2014 , 2013 and 2012 have been derived from financial statements not included in this annual report on form 10-k .2016 2015 2014 2013 2012 selected statement of operations information : revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 income from continuing operations , net of taxes 1218 1048 1137 1077 956 loss from discontinued operations , net of taxes 2014 2014 2014 2014 ( 11 ) net income 1218 1048 1137 1077 945 net income available to discovery communications , inc .1194 1034 1139 1075 943 basic earnings per share available to discovery communications , inc .series a , b and c common stockholders : continuing operations $ 1.97 $ 1.59 $ 1.67 $ 1.50 $ 1.27 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.97 1.59 1.67 1.50 1.25 diluted earnings per share available to discovery communications , inc .series a , b and c common stockholders : continuing operations $ 1.96 $ 1.58 $ 1.66 $ 1.49 $ 1.26 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.96 1.58 1.66 1.49 1.24 weighted average shares outstanding : basic 401 432 454 484 498 diluted 610 656 687 722 759 selected balance sheet information : cash and cash equivalents $ 300 $ 390 $ 367 $ 408 $ 1201 total assets 15758 15864 15970 14934 12892 long-term debt : current portion 82 119 1107 17 31 long-term portion 7841 7616 6002 6437 5174 total liabilities 10348 10172 9619 8701 6599 redeemable noncontrolling interests 243 241 747 36 2014 equity attributable to discovery communications , inc .5167 5451 5602 6196 6291 total equity $ 5167 $ 5451 $ 5604 $ 6197 $ 6293 2022 income per share amounts may not sum since each is calculated independently .2022 on september 30 , 2016 , the company recorded an other-than-temporary impairment of $ 62 million related to its investment in lionsgate .on december 2 , 2016 , the company acquired a 39% ( 39 % ) minority interest in group nine media , a newly formed media holding company , in exchange for contributions of $ 100 million and the company's digital network businesses seeker and sourcefed , resulting in a gain of $ 50 million upon deconsolidation of the businesses .( see note 4 to the accompanying consolidated financial statements. ) .
|
what was the percentage cumulative total shareholder return on discb for the five year period ended december 31 , 2016?
|
37.83%
|
{
"answer": "37.83%",
"decimal": 0.37829999999999997,
"type": "percentage"
}
| |
abiomed , inc .and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 .goodwill and in-process research and development ( continued ) the company has no accumulated impairment losses on goodwill .the company performed a step 0 qualitative assessment during the annual impairment review for fiscal 2015 as of october 31 , 2014 and concluded that it is not more likely than not that the fair value of the company 2019s single reporting unit is less than its carrying amount .therefore , the two-step goodwill impairment test for the reporting unit was not necessary in fiscal 2015 .as described in note 3 .201cacquisitions , 201d in july 2014 , the company acquired ecp and ais and recorded $ 18.5 million of ipr&d .the estimated fair value of the ipr&d was determined using a probability-weighted income approach , which discounts expected future cash flows to present value .the projected cash flows from the expandable catheter pump technology were based on certain key assumptions , including estimates of future revenue and expenses , taking into account the stage of development of the technology at the acquisition date and the time and resources needed to complete development .the company used a discount rate of 22.5% ( 22.5 % ) and cash flows that have been probability adjusted to reflect the risks of product commercialization , which the company believes are appropriate and representative of market participant assumptions .the carrying value of the company 2019s ipr&d assets and the change in the balance for the year ended march 31 , 2015 is as follows : march 31 , ( in $ 000 2019s ) .
[['', 'march 31 2015 ( in $ 000 2019s )'], ['beginning balance', '$ 2014'], ['additions', '18500'], ['foreign currency translation impact', '-3789 ( 3789 )'], ['ending balance', '$ 14711']]
note 9 .stockholders 2019 equity class b preferred stock the company has authorized 1000000 shares of class b preferred stock , $ .01 par value , of which the board of directors can set the designation , rights and privileges .no shares of class b preferred stock have been issued or are outstanding .stock repurchase program in november 2012 , the company 2019s board of directors authorized a stock repurchase program for up to $ 15.0 million of its common stock .the company financed the stock repurchase program with its available cash .during the year ended march 31 , 2013 , the company repurchased 1123587 shares for $ 15.0 million in open market purchases at an average cost of $ 13.39 per share , including commission expense .the company completed the purchase of common stock under this stock repurchase program in january 2013 .note 10 .stock award plans and stock-based compensation stock award plans the company grants stock options and restricted stock awards to employees and others .all outstanding stock options of the company as of march 31 , 2015 were granted with an exercise price equal to the fair market value on the date of grant .outstanding stock options , if not exercised , expire 10 years from the date of grant .the company 2019s 2008 stock incentive plan ( the 201cplan 201d ) authorizes the grant of a variety of equity awards to the company 2019s officers , directors , employees , consultants and advisers , including awards of unrestricted and restricted stock , restricted stock units , incentive and nonqualified stock options to purchase shares of common stock , performance share awards and stock appreciation rights .the plan provides that options may only be granted at the current market value on the date of grant .each share of stock issued pursuant to a stock option or stock appreciation right counts as one share against the maximum number of shares issuable under the plan , while each share of stock issued .
|
assuming the same impact of foreign currency translation as in the fiscal year 2015 , what would be the ending balance of in process \\nr&d assets in fiscal 2016?
|
10922000
|
{
"answer": "10922000",
"decimal": 10922000,
"type": "float"
}
| |
liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries .stress testing and scenario analyses are intended to quantify the potential impact of a liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized .these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and political and economic conditions in certain countries .these conditions include expected and stressed market conditions as well as company- specific events .liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons ( overnight , one week , two weeks , one month , three months , one year ) and over a variety of stressed conditions .liquidity limits are set accordingly .to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily .given the range of potential stresses , citi maintains a series of contingency funding plans on a consolidated basis and for individual entities .these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses .short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal measures that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s .lcr rules .generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario .the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days .banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows .the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 .in december 2016 , the federal reserve board adopted final rules which require additional disclosures relating to the lcr of large financial institutions , including citi .among other things , the final rules require citi to disclose components of its average hqla , lcr and inflows and outflows each quarter .in addition , the final rules require disclosure of citi 2019s calculation of the maturity mismatch add-on as well as other qualitative disclosures .the effective date for these disclosures is april 1 , 2017 .the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec .31 , sept .30 , dec .31 .
[['in billions of dollars', 'dec . 31 2016', 'sept . 30 2016', 'dec . 31 2015'], ['hqla', '$ 403.7', '$ 403.8', '$ 389.2'], ['net outflows', '332.5', '335.3', '344.4'], ['lcr', '121% ( 121 % )', '120% ( 120 % )', '113% ( 113 % )'], ['hqla in excess of net outflows', '$ 71.3', '$ 68.5', '$ 44.8']]
note : amounts set forth in the table above are presented on an average basis .as set forth in the table above , citi 2019s lcr increased both year-over-year and sequentially .the increase year-over-year was driven by both an increase in hqla and a reduction in net outflows .sequentially , the increase was driven by a slight reduction in net outflows , as hqla remained largely unchanged .long-term liquidity measurement : net stable funding ratio ( nsfr ) in the second quarter of 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement .the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules .in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level .a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments .standardized weightings would be required to be applied to the various asset and liabilities classes .the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) .while citi believes that it is compliant with the proposed u.s .nsfr rules as of december 31 , 2016 , it will need to evaluate any final version of the rules , which are expected to be released during 2017 .the proposed rules would require full implementation of the u.s .nsfr beginning january 1 , 2018. .
|
what was the percentage increase in the liquidity coverage ratio ( lcr ) for citi from 2015 to 2016
|
7.1%
|
{
"answer": "7.1%",
"decimal": 0.071,
"type": "percentage"
}
| |
jpmorgan chase & co./2016 annual report 103 risk in the derivatives portfolio .in addition , the firm 2019s risk management process takes into consideration the potential impact of wrong-way risk , which is broadly defined as the potential for increased correlation between the firm 2019s exposure to a counterparty ( avg ) and the counterparty 2019s credit quality .many factors may influence the nature and magnitude of these correlations over time .to the extent that these correlations are identified , the firm may adjust the cva associated with that counterparty 2019s avg .the firm risk manages exposure to changes in cva by entering into credit derivative transactions , as well as interest rate , foreign exchange , equity and commodity derivative transactions .the accompanying graph shows exposure profiles to the firm 2019s current derivatives portfolio over the next 10 years as calculated by the peak , dre and avg metrics .the three measures generally show that exposure will decline after the first year , if no new trades are added to the portfolio .exposure profile of derivatives measures december 31 , 2016 ( in billions ) the following table summarizes the ratings profile by derivative counterparty of the firm 2019s derivative receivables , including credit derivatives , net of all collateral , at the dates indicated .the ratings scale is based on the firm 2019s internal ratings , which generally correspond to the ratings as defined by s&p and moody 2019s .ratings profile of derivative receivables rating equivalent 2016 2015 ( a ) december 31 , ( in millions , except ratios ) exposure net of all collateral % ( % ) of exposure net of all collateral exposure net of all collateral % ( % ) of exposure net of all collateral .
[['rating equivalent december 31 ( in millions except ratios )', 'rating equivalent exposure net of all collateral', 'rating equivalent % ( % ) of exposure netof all collateral', 'exposure net of all collateral', '% ( % ) of exposure netof all collateral'], ['aaa/aaa to aa-/aa3', '$ 11449', '28% ( 28 % )', '$ 10371', '24% ( 24 % )'], ['a+/a1 to a-/a3', '8505', '20', '10595', '25'], ['bbb+/baa1 to bbb-/baa3', '13127', '32', '13807', '32'], ['bb+/ba1 to b-/b3', '7308', '18', '7500', '17'], ['ccc+/caa1 and below', '984', '2', '824', '2'], ['total', '$ 41373', '100% ( 100 % )', '$ 43097', '100% ( 100 % )']]
( a ) prior period amounts have been revised to conform with the current period presentation .as previously noted , the firm uses collateral agreements to mitigate counterparty credit risk .the percentage of the firm 2019s derivatives transactions subject to collateral agreements 2014 excluding foreign exchange spot trades , which are not typically covered by collateral agreements due to their short maturity 2014 was 90% ( 90 % ) as of december 31 , 2016 , largely unchanged compared with 87% ( 87 % ) as of december 31 , 2015 .credit derivatives the firm uses credit derivatives for two primary purposes : first , in its capacity as a market-maker , and second , as an end-user to manage the firm 2019s own credit risk associated with various exposures .for a detailed description of credit derivatives , see credit derivatives in note 6 .credit portfolio management activities included in the firm 2019s end-user activities are credit derivatives used to mitigate the credit risk associated with traditional lending activities ( loans and unfunded commitments ) and derivatives counterparty exposure in the firm 2019s wholesale businesses ( collectively , 201ccredit portfolio management 201d activities ) .information on credit portfolio management activities is provided in the table below .for further information on derivatives used in credit portfolio management activities , see credit derivatives in note 6 .the firm also uses credit derivatives as an end-user to manage other exposures , including credit risk arising from certain securities held in the firm 2019s market-making businesses .these credit derivatives are not included in credit portfolio management activities ; for further information on these credit derivatives as well as credit derivatives used in the firm 2019s capacity as a market-maker in credit derivatives , see credit derivatives in note 6. .
|
what percentage of the 2015 ratings profile of derivative receivables had a rating equivalent for junk ratings?
|
19
|
{
"answer": "19",
"decimal": 19,
"type": "float"
}
| |
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : .
[['as of december 31', '2008', '2007'], ['equity as previously reported', '$ 5310', '$ 6221'], ['increase for reclassification of non-controlling interests', '105', '40'], ['equity as adjusted', '$ 5415', '$ 6261']]
the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
|
based on the adoption of the new guidance what was the percent of the increased net income from 2007 to 2008 by $ 16 million and $ 13 million for 2008 and 2007,
|
23.1%
|
{
"answer": "23.1%",
"decimal": 0.231,
"type": "percentage"
}
| |
intel corporation notes to consolidated financial statements ( continued ) the aggregate fair value of awards that vested in 2015 was $ 1.5 billion ( $ 1.1 billion in 2014 and $ 1.0 billion in 2013 ) , which represents the market value of our common stock on the date that the rsus vested .the grant-date fair value of awards that vested in 2015 was $ 1.1 billion ( $ 949 million in 2014 and $ 899 million in 2013 ) .the number of rsus vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements .rsus that are expected to vest are net of estimated future forfeitures .as of december 26 , 2015 , there was $ 1.8 billion in unrecognized compensation costs related to rsus granted under our equity incentive plans .we expect to recognize those costs over a weighted average period of 1.2 years .stock option awards as of december 26 , 2015 , options outstanding that have vested and are expected to vest were as follows : number of options ( in millions ) weighted average exercise weighted average remaining contractual ( in years ) aggregate intrinsic ( in millions ) .
[['', 'number ofoptions ( in millions )', 'weightedaverageexerciseprice', 'weightedaverageremainingcontractualterm ( in years )', 'aggregateintrinsicvalue ( in millions )'], ['vested', '43.8', '$ 21.07', '1.8', '$ 609'], ['expected to vest', '9.6', '$ 24.07', '4.1', '$ 104'], ['total', '53.4', '$ 21.61', '2.2', '$ 713']]
aggregate intrinsic value represents the difference between the exercise price and $ 34.98 , the closing price of our common stock on december 24 , 2015 , as reported on the nasdaq global select market , for all in-the-money options outstanding .options outstanding that are expected to vest are net of estimated future option forfeitures .options with a fair value of $ 42 million completed vesting in 2015 ( $ 68 million in 2014 and $ 186 million in 2013 ) .as of december 26 , 2015 , there was $ 13 million in unrecognized compensation costs related to stock options granted under our equity incentive plans .we expect to recognize those costs over a weighted average period of approximately eight months. .
|
what percentage of stock option awards are expected to vest as of december 26 , 2015?
|
18%
|
{
"answer": "18%",
"decimal": 0.18,
"type": "percentage"
}
| |
indemnification and repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .in connection with pooled settlements , we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction .for the first and second-lien mortgage balances of unresolved and settled claims contained in the tables below , a significant amount of these claims were associated with sold loans originated through correspondent lender and broker origination channels .in certain instances when indemnification or repurchase claims are settled for these types of sold loans , we have recourse back to the correspondent lenders , brokers and other third-parties ( e.g. , contract underwriting companies , closing agents , appraisers , etc. ) .depending on the underlying reason for the investor claim , we determine our ability to pursue recourse with these parties and file claims with them accordingly .our historical recourse recovery rate has been insignificant as our efforts have been impacted by the inability of such parties to reimburse us for their recourse obligations ( e.g. , their capital availability or whether they remain in business ) or factors that limit our ability to pursue recourse from these parties ( e.g. , contractual loss caps , statutes of limitations ) .origination and sale of residential mortgages is an ongoing business activity , and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements .we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages for which indemnification is expected to be provided or for loans that are expected to be repurchased .for the first and second- lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made , demand patterns observed to date and/or expected in the future , and our estimate of future claims on a loan by loan basis .to estimate the mortgage repurchase liability arising from breaches of representations and warranties , we consider the following factors : ( i ) borrower performance in our historically sold portfolio ( both actual and estimated future defaults ) , ( ii ) the level of outstanding unresolved repurchase claims , ( iii ) estimated probable future repurchase claims , considering information about file requests , delinquent and liquidated loans , resolved and unresolved mortgage insurance rescission notices and our historical experience with claim rescissions , ( iv ) the potential ability to cure the defects identified in the repurchase claims ( 201crescission rate 201d ) , and ( v ) the estimated severity of loss upon repurchase of the loan or collateral , make-whole settlement , or indemnification .see note 24 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information .the following tables present the unpaid principal balance of repurchase claims by vintage and total unresolved repurchase claims for the past five quarters .table 28 : analysis of quarterly residential mortgage repurchase claims by vintage dollars in millions december 31 september 30 june 30 march 31 december 31 .
[['dollars in millions', 'december 31 2012', 'september 30 2012', 'june 30 2012', 'march 31 2012', 'december 312011'], ['2004 & prior', '$ 11', '$ 15', '$ 31', '$ 10', '$ 11'], ['2005', '8', '10', '19', '12', '13'], ['2006', '23', '30', '56', '41', '28'], ['2007', '45', '137', '182', '100', '90'], ['2008', '7', '23', '49', '17', '18'], ['2008 & prior', '94', '215', '337', '180', '160'], ['2009 2013 2012', '38', '52', '42', '33', '29'], ['total', '$ 132', '$ 267', '$ 379', '$ 213', '$ 189'], ['fnma fhlmc and gnma % ( % )', '94% ( 94 % )', '87% ( 87 % )', '86% ( 86 % )', '88% ( 88 % )', '91% ( 91 % )']]
the pnc financial services group , inc .2013 form 10-k 79 .
|
by what percentage did the amount of claims as of sept 30 , 2007 decrease to equal the combined claims september 30 of 2009-2012?
|
62%
|
{
"answer": "62%",
"decimal": 0.62,
"type": "percentage"
}
| |
a e s 2 0 0 0 f i n a n c i a l r e v i e w in may 2000 , a subsidiary of the company acquired an additional 5% ( 5 % ) of the preferred , non-voting shares of eletropaulo for approximately $ 90 million .in january 2000 , 59% ( 59 % ) of the preferred non-voting shares were acquired for approximately $ 1 billion at auction from bndes , the national development bank of brazil .the price established at auction was approximately $ 72.18 per 1000 shares , to be paid in four annual installments com- mencing with a payment of 18.5% ( 18.5 % ) of the total price upon closing of the transaction and installments of 25.9% ( 25.9 % ) , 27.1% ( 27.1 % ) and 28.5% ( 28.5 % ) of the total price to be paid annually thereafter .at december 31 , 2000 , the company had a total economic interest of 49.6% ( 49.6 % ) in eletropaulo .the company accounts for this investment using the equity method based on the related consortium agreement that allows the exercise of significant influence .in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas limited for approxi- mately $ 40 million .songas limited owns the songo songo gas-to-electricity project in tanzania .under the terms of a project management agreement , the company has assumed overall project management responsibility .the project consists of the refurbishment and operation of five natural gas wells in coastal tanzania , the construction and operation of a 65 mmscf/day gas processing plant and related facilities , the construction of a 230 km marine and land pipeline from the gas plant to dar es salaam and the conversion and upgrading of an existing 112 mw power station in dar es salaam to burn natural gas , with an optional additional unit to be constructed at the plant .since the project is currently under construction , no rev- enues or expenses have been incurred , and therefore no results are shown in the following table .in december 2000 , a subsidiary of the company with edf international s.a .( 201cedf 201d ) completed the acquisition of an additional 3.5% ( 3.5 % ) interest in light from two sub- sidiaries of reliant energy for approximately $ 136 mil- lion .pursuant to the acquisition , the company acquired 30% ( 30 % ) of the shares while edf acquired the remainder .with the completion of this transaction , the company owns approximately 21.14% ( 21.14 % ) of light .in december 2000 , a subsidiary of the company entered into an agreement with edf to jointly acquire an additional 9.2% ( 9.2 % ) interest in light , which is held by a sub- sidiary of companhia siderurgica nacional ( 201ccsn 201d ) .pursuant to this transaction , the company acquired an additional 2.75% ( 2.75 % ) interest in light for $ 114.6 million .this transaction closed in january 2001 .following the purchase of the light shares previously owned by csn , aes and edf will together be the con- trolling shareholders of light and eletropaulo .aes and edf have agreed that aes will eventually take operational control of eletropaulo and the telecom businesses of light and eletropaulo , while edf will eventually take opera- tional control of light and eletropaulo 2019s electric workshop business .aes and edf intend to continue to pursue a fur- ther rationalization of their ownership stakes in light and eletropaulo , the result of which aes would become the sole controlling shareholder of eletropaulo and edf would become the sole controlling shareholder of light .upon consummation of the transaction , aes will begin consolidating eletropaulo 2019s operating results .the struc- ture and process by which this rationalization may be effected , and the resulting timing , have yet to be deter- mined and will likely be subject to approval by various brazilian regulatory authorities and other third parties .as a result , there can be no assurance that this rationalization will take place .in may 1999 , a subsidiary of the company acquired subscription rights from the brazilian state-controlled eletrobras which allowed it to purchase preferred , non- voting shares in eletropaulo and common shares in light .the aggregate purchase price of the subscription rights and the underlying shares in light and eletropaulo was approximately $ 53 million and $ 77 million , respectively , and represented 3.7% ( 3.7 % ) and 4.4% ( 4.4 % ) economic ownership interest in their capital stock , respectively .the following table presents summarized financial information ( in millions ) for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method: .
[['as of and for the years ended december 31,', '2000', '1999', '1998'], ['revenues', '$ 6241', '$ 5960', '$ 8091'], ['operating income', '1989', '1839', '2079'], ['net income', '859', '62', '1146'], ['current assets', '2423', '2259', '2712'], ['noncurrent assets', '13080', '15359', '19025'], ['current liabilities', '3370', '3637', '4809'], ['noncurrent liabilities', '5927', '7536', '7356'], ["stockholder's equity", '6206', '6445', '9572']]
.
|
what was the implied value of the preferred shares of eletropaulo based on the bndes acquisition , in billions?
|
1.69
|
{
"answer": "1.69",
"decimal": 1.69,
"type": "float"
}
| |
royal caribbean cruises ltd .notes to the consolidated financial statements 2014 ( continued ) note 9 .stock-based employee compensation we have four stock-based compensation plans , which provide for awards to our officers , directors and key employees .the plans consist of a 1990 employee stock option plan , a 1995 incentive stock option plan , a 2000 stock award plan , and a 2008 equity plan .the 1990 stock option plan and the 1995 incentive stock option plan terminated by their terms in march 2000 and february 2005 , respectively .the 2000 stock award plan , as amended , and the 2008 equity plan provide for the issuance of ( i ) incentive and non-qualified stock options , ( ii ) stock appreciation rights , ( iii ) restricted stock , ( iv ) restricted stock units and ( v ) up to 13000000 performance shares of our common stock for the 2000 stock award plan and up to 5000000 performance shares of our common stock for the 2008 equity plan .during any calendar year , no one individual shall be granted awards of more than 500000 shares .options and restricted stock units outstanding as of december 31 , 2009 vest in equal installments over four to five years from the date of grant .generally , options and restricted stock units are forfeited if the recipient ceases to be a director or employee before the shares vest .options are granted at a price not less than the fair value of the shares on the date of grant and expire not later than ten years after the date of grant .we also provide an employee stock purchase plan to facilitate the purchase by employees of up to 800000 shares of common stock in the aggregate .offerings to employees are made on a quarterly basis .subject to certain limitations , the purchase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the purchase period and the last business day of each month of the purchase period .shares of common stock of 65005 , 36836 and 20759 were issued under the espp at a weighted-average price of $ 12.78 , $ 20.97 and $ 37.25 during 2009 , 2008 and 2007 , respectively .under the chief executive officer 2019s employment agreement we contributed 10086 shares of our common stock quarterly , to a maximum of 806880 shares , to a trust on his behalf .in january 2009 , the employment agreement and related trust agreement were amended .consequently , 768018 shares were distributed from the trust and future quarterly share distributions are issued directly to the chief executive officer .total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2009 was $ 16.8 million .of this amount , $ 16.2 million was included within marketing , selling and administrative expenses and $ 0.6 million was included within payroll and related expenses .total compensation expense recognized for employee stock-based compensation for the year ended december 31 , 2008 was $ 5.7 million .of this amount , $ 6.4 million , which included a benefit of approximately $ 8.2 million due to a change in the employee forfeiture rate assumption was included within marketing , selling and administrative expenses and income of $ 0.7 million was included within payroll and related expenses which also included a benefit of approximately $ 1.0 million due to the change in the forfeiture rate .total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2007 was $ 19.0 million .of this amount , $ 16.3 million was included within marketing , selling and administrative expenses and $ 2.7 million was included within payroll and related expenses .the fair value of each stock option grant is estimated on the date of grant using the black-scholes option pricing model .the estimated fair value of stock options , less estimated forfeitures , is amortized over the vesting period using the graded-vesting method .the assumptions used in the black-scholes option-pricing model are as follows : expected volatility was based on a combination of historical and implied volatilities .the risk-free interest rate is based on united states treasury zero coupon issues with a remaining term equal to the expected option life assumed at the date of grant .the expected term was calculated based on historical experience and represents the time period options actually remain outstanding .we estimate forfeitures based on historical pre-vesting forfeiture rates and revise those estimates as appropriate to reflect actual experience .in 2008 , we increased our estimated forfeiture rate from 4% ( 4 % ) for options and 8.5% ( 8.5 % ) for restricted stock units to 20% ( 20 % ) to reflect changes in employee retention rates. .
[['', '2009', '2008', '2007'], ['dividend yield', '0.0% ( 0.0 % )', '1.9% ( 1.9 % )', '1.3% ( 1.3 % )'], ['expected stock price volatility', '55.0% ( 55.0 % )', '31.4% ( 31.4 % )', '28.0% ( 28.0 % )'], ['risk-free interest rate', '1.8% ( 1.8 % )', '2.8% ( 2.8 % )', '4.8% ( 4.8 % )'], ['expected option life', '5 years', '5 years', '5 years']]
.
|
what was the percentage increase in the shares of common stock of
|
76.5%
|
{
"answer": "76.5%",
"decimal": 0.765,
"type": "percentage"
}
| |
( a ) the net change in the total valuation allowance for the years ended december 31 , 2018 and 2017 was an increase of $ 12 million and an increase of $ 26 million , respectively .deferred income tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions deferred charges and other assets and deferred income taxes .there was a decrease in deferred income tax assets principally relating to the utilization of u.s .federal alternative minimum tax credits as permitted under tax reform .deferred tax liabilities increased primarily due to the tax deferral of the book gain recognized on the transfer of the north american consumer packaging business to a subsidiary of graphic packaging holding company .of the $ 1.5 billion of deferred tax liabilities for forestlands , related installment sales , and investment in subsidiary , $ 884 million is attributable to an investment in subsidiary and relates to a 2006 international paper installment sale of forestlands and $ 538 million is attributable to a 2007 temple-inland installment sale of forestlands ( see note 14 ) .a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended december 31 , 2018 , 2017 and 2016 is as follows: .
[['in millions', '2018', '2017', '2016'], ['balance at january 1', '$ -188 ( 188 )', '$ -98 ( 98 )', '$ -150 ( 150 )'], ['( additions ) reductions based on tax positions related to current year', '-7 ( 7 )', '-54 ( 54 )', '-4 ( 4 )'], ['( additions ) for tax positions of prior years', '-37 ( 37 )', '-40 ( 40 )', '-3 ( 3 )'], ['reductions for tax positions of prior years', '5', '4', '33'], ['settlements', '2', '6', '19'], ['expiration of statutes oflimitations', '2', '1', '5'], ['currency translation adjustment', '3', '-7 ( 7 )', '2'], ['balance at december 31', '$ -220 ( 220 )', '$ -188 ( 188 )', '$ -98 ( 98 )']]
if the company were to prevail on the unrecognized tax benefits recorded , substantially all of the balances at december 31 , 2018 , 2017 and 2016 would benefit the effective tax rate .the company accrues interest on unrecognized tax benefits as a component of interest expense .penalties , if incurred , are recognized as a component of income tax expense .the company had approximately $ 21 million and $ 17 million accrued for the payment of estimated interest and penalties associated with unrecognized tax benefits at december 31 , 2018 and 2017 , respectively .the major jurisdictions where the company files income tax returns are the united states , brazil , france , poland and russia .generally , tax years 2006 through 2017 remain open and subject to examination by the relevant tax authorities .the company frequently faces challenges regarding the amount of taxes due .these challenges include positions taken by the company related to the timing , nature , and amount of deductions and the allocation of income among various tax jurisdictions .pending audit settlements and the expiration of statute of limitations could reduce the uncertain tax positions by $ 30 million during the next twelve months .the brazilian federal revenue service has challenged the deductibility of goodwill amortization generated in a 2007 acquisition by international paper do brasil ltda. , a wholly-owned subsidiary of the company .the company received assessments for the tax years 2007-2015 totaling approximately $ 150 million in tax , and $ 380 million in interest and penalties as of december 31 , 2018 ( adjusted for variation in currency exchange rates ) .after a previous favorable ruling challenging the basis for these assessments , we received an unfavorable decision in october 2018 from the brazilian administrative council of tax appeals .the company intends to further appeal the matter in the brazilian federal courts in 2019 ; however , this tax litigation matter may take many years to resolve .the company believes that it has appropriately evaluated the transaction underlying these assessments , and has concluded based on brazilian tax law , that its tax position would be sustained .the company intends to vigorously defend its position against the current assessments and any similar assessments that may be issued for tax years subsequent to 2015 .international paper uses the flow-through method to account for investment tax credits earned on eligible open-loop biomass facilities and combined heat and power system expenditures .under this method , the investment tax credits are recognized as a reduction to income tax expense in the year they are earned rather than a reduction in the asset basis .the company recorded a tax benefit of $ 6 million during 2018 and recorded a tax benefit of $ 68 million during 2017 related to investment tax credits earned in tax years 2013-2017. .
|
unrecognized tax benefits change by what percent between 2016 and 2017?
|
92%
|
{
"answer": "92%",
"decimal": 0.92,
"type": "percentage"
}
| |
system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common stock issuances by system energy require prior regulatory approval . a0 a0debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . a0 a0system energy has sufficient capacity under these tests to meet its foreseeable capital needs .system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
[['2017', '2016', '2015', '2014'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 111667', '$ 33809', '$ 39926', '$ 2373']]
see note 4 to the financial statements for a description of the money pool .the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 .as of december 31 , 2017 , $ 17.8 million in letters of credit to support a like amount of commercial paper issued and $ 50 million in loans were outstanding under the system energy nuclear fuel company variable interest entity credit facility .see note 4 to the financial statements for additional discussion of the variable interest entity credit facility .system energy obtained authorizations from the ferc through october 2019 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity .see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits .system energy resources , inc .management 2019s financial discussion and analysis federal regulation see the 201crate , cost-recovery , and other regulation 2013 federal regulation 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis and note 2 to the financial statements for a discussion of federal regulation .complaint against system energy in january 2017 the apsc and mpsc filed a complaint with the ferc against system energy .the complaint seeks a reduction in the return on equity component of the unit power sales agreement pursuant to which system energy sells its grand gulf capacity and energy to entergy arkansas , entergy louisiana , entergy mississippi , and entergy new orleans .entergy arkansas also sells some of its grand gulf capacity and energy to entergy louisiana , entergy mississippi , and entergy new orleans under separate agreements .the current return on equity under the unit power sales agreement is 10.94% ( 10.94 % ) .the complaint alleges that the return on equity is unjust and unreasonable because current capital market and other considerations indicate that it is excessive .the complaint requests the ferc to institute proceedings to investigate the return on equity and establish a lower return on equity , and also requests that the ferc establish january 23 , 2017 as a refund effective date .the complaint includes return on equity analysis that purports to establish that the range of reasonable return on equity for system energy is between 8.37% ( 8.37 % ) and 8.67% ( 8.67 % ) .system energy answered the complaint in february 2017 and disputes that a return on equity of 8.37% ( 8.37 % ) to 8.67% ( 8.67 % ) is just and reasonable .the lpsc and the city council intervened in the proceeding expressing support for the complaint .system energy is recording a provision against revenue for the potential outcome of this proceeding .in september 2017 the ferc established a refund effective date of january 23 , 2017 , consolidated the return on equity complaint with the proceeding described in unit power sales agreement below , and directed the parties to engage in settlement .
|
what percent did receivables from the money pool increase between 2014 and 2017?
|
4605.73%
|
{
"answer": "4605.73%",
"decimal": 46.0573,
"type": "percentage"
}
| |
eog resources , inc .supplemental information to consolidated financial statements ( continued ) net proved undeveloped reserves .the following table presents the changes in eog's total proved undeveloped reserves during 2017 , 2016 and 2015 ( in mboe ) : .
[['', '2017', '2016', '2015'], ['balance at january 1', '1053027', '1045640', '1149309'], ['extensions and discoveries', '237378', '138101', '205152'], ['revisions', '33127', '64413', '-241973 ( 241973 )'], ['acquisition of reserves', '2014', '2014', '54458'], ['sale of reserves', '-8253 ( 8253 )', '-45917 ( 45917 )', '2014'], ['conversion to proved developed reserves', '-152644 ( 152644 )', '-149210 ( 149210 )', '-121306 ( 121306 )'], ['balance at december 31', '1162635', '1053027', '1045640']]
for the twelve-month period ended december 31 , 2017 , total puds increased by 110 mmboe to 1163 mmboe .eog added approximately 38 mmboe of puds through drilling activities where the wells were drilled but significant expenditures remained for completion .based on the technology employed by eog to identify and record puds ( see discussion of technology employed on pages f-38 and f-39 of this annual report on form 10-k ) , eog added 199 mmboe .the pud additions were primarily in the permian basin and , to a lesser extent , the eagle ford and the rocky mountain area , and 74% ( 74 % ) of the additions were crude oil and condensate and ngls .during 2017 , eog drilled and transferred 153 mmboe of puds to proved developed reserves at a total capital cost of $ 1440 million .revisions of puds totaled positive 33 mmboe , primarily due to updated type curves resulting from improved performance of offsetting wells in the permian basin , the impact of increases in the average crude oil and natural gas prices used in the december 31 , 2017 , reserves estimation as compared to the prices used in the prior year estimate , and lower costs .during 2017 , eog sold or exchanged 8 mmboe of puds primarily in the permian basin .all puds , including drilled but uncompleted wells ( ducs ) , are scheduled for completion within five years of the original reserve booking .for the twelve-month period ended december 31 , 2016 , total puds increased by 7 mmboe to 1053 mmboe .eog added approximately 21 mmboe of puds through drilling activities where the wells were drilled but significant expenditures remained for completion .based on the technology employed by eog to identify and record puds , eog added 117 mmboe .the pud additions were primarily in the permian basin and , to a lesser extent , the rocky mountain area , and 82% ( 82 % ) of the additions were crude oil and condensate and ngls .during 2016 , eog drilled and transferred 149 mmboe of puds to proved developed reserves at a total capital cost of $ 1230 million .revisions of puds totaled positive 64 mmboe , primarily due to improved well performance , primarily in the delaware basin , and lower production costs , partially offset by the impact of decreases in the average crude oil and natural gas prices used in the december 31 , 2016 , reserves estimation as compared to the prices used in the prior year estimate .during 2016 , eog sold 46 mmboe of puds primarily in the haynesville play .all puds for drilled but uncompleted wells ( ducs ) are scheduled for completion within five years of the original reserve booking .for the twelve-month period ended december 31 , 2015 , total puds decreased by 104 mmboe to 1046 mmboe .eog added approximately 52 mmboe of puds through drilling activities where the wells were drilled but significant expenditures remained for completion .based on the technology employed by eog to identify and record puds , eog added 153 mmboe .the pud additions were primarily in the permian basin and , to a lesser extent , the eagle ford and the rocky mountain area , and 80% ( 80 % ) of the additions were crude oil and condensate and ngls .during 2015 , eog drilled and transferred 121 mmboe of puds to proved developed reserves at a total capital cost of $ 2349 million .revisions of puds totaled negative 242 mmboe , primarily due to decreases in the average crude oil and natural gas prices used in the december 31 , 2015 , reserves estimation as compared to the prices used in the prior year estimate .during 2015 , eog did not sell any puds and acquired 54 mmboe of puds. .
|
what is the highest initial balance observed during 2015-2017?
|
1149309
|
{
"answer": "1149309",
"decimal": 1149309,
"type": "float"
}
|
it is the maximum value for this period .
|
the graph below shows a five-year comparison of the cumulative shareholder return on our common stock with the cumulative total return of the standard & poor 2019s ( s&p ) mid cap 400 index and the russell 1000 index , both of which are published indices .comparison of five-year cumulative total return from december 31 , 2011 to december 31 , 2016 assumes $ 100 invested with reinvestment of dividends period indexed returns .
[['company/index', 'baseperiod 12/31/11', 'baseperiod 12/31/12', 'baseperiod 12/31/13', 'baseperiod 12/31/14', 'baseperiod 12/31/15', '12/31/16'], ['a . o . smith corporation', '100.0', '159.5', '275.8', '292.0', '401.0', '501.4'], ['s&p mid cap 400 index', '100.0', '117.9', '157.4', '172.8', '169.0', '204.1'], ['russell 1000 index', '100.0', '116.4', '155.0', '175.4', '177.0', '198.4']]
2011 2012 2013 2014 2015 2016 smith ( a o ) corp s&p midcap 400 index russell 1000 index .
|
what was the difference in total return for the five year period ended 12/31/16 between a . o . smith corporation and the russell 1000 index?
|
303%
|
{
"answer": "303%",
"decimal": 3.03,
"type": "percentage"
}
| |
cgmhi also has substantial borrowing arrangements consisting of facilities that cgmhi has been advised are available , but where no contractual lending obligation exists .these arrangements are reviewed on an ongoing basis to ensure flexibility in meeting cgmhi 2019s short-term requirements .the company issues both fixed and variable rate debt in a range of currencies .it uses derivative contracts , primarily interest rate swaps , to effectively convert a portion of its fixed rate debt to variable rate debt and variable rate debt to fixed rate debt .the maturity structure of the derivatives generally corresponds to the maturity structure of the debt being hedged .in addition , the company uses other derivative contracts to manage the foreign exchange impact of certain debt issuances .at december 31 , 2008 , the company 2019s overall weighted average interest rate for long-term debt was 3.83% ( 3.83 % ) on a contractual basis and 4.19% ( 4.19 % ) including the effects of derivative contracts .aggregate annual maturities of long-term debt obligations ( based on final maturity dates ) including trust preferred securities are as follows : in millions of dollars 2009 2010 2011 2012 2013 thereafter .
[['in millions of dollars', '2009', '2010', '2011', '2012', '2013', 'thereafter'], ['citigroup parent company', '$ 13463', '$ 17500', '$ 19864', '$ 21135', '$ 17525', '$ 102794'], ['other citigroup subsidiaries', '55853', '16198', '18607', '2718', '4248', '11691'], ['citigroup global markets holdings inc .', '1524', '2352', '1487', '2893', '392', '11975'], ['citigroup funding inc .', '17632', '5381', '2154', '1253', '3790', '7164'], ['total', '$ 88472', '$ 41431', '$ 42112', '$ 27999', '$ 25955', '$ 133624']]
long-term debt at december 31 , 2008 and december 31 , 2007 includes $ 24060 million and $ 23756 million , respectively , of junior subordinated debt .the company formed statutory business trusts under the laws of the state of delaware .the trusts exist for the exclusive purposes of ( i ) issuing trust securities representing undivided beneficial interests in the assets of the trust ; ( ii ) investing the gross proceeds of the trust securities in junior subordinated deferrable interest debentures ( subordinated debentures ) of its parent ; and ( iii ) engaging in only those activities necessary or incidental thereto .upon approval from the federal reserve , citigroup has the right to redeem these securities .citigroup has contractually agreed not to redeem or purchase ( i ) the 6.50% ( 6.50 % ) enhanced trust preferred securities of citigroup capital xv before september 15 , 2056 , ( ii ) the 6.45% ( 6.45 % ) enhanced trust preferred securities of citigroup capital xvi before december 31 , 2046 , ( iii ) the 6.35% ( 6.35 % ) enhanced trust preferred securities of citigroup capital xvii before march 15 , 2057 , ( iv ) the 6.829% ( 6.829 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xviii before june 28 , 2047 , ( v ) the 7.250% ( 7.250 % ) enhanced trust preferred securities of citigroup capital xix before august 15 , 2047 , ( vi ) the 7.875% ( 7.875 % ) enhanced trust preferred securities of citigroup capital xx before december 15 , 2067 , and ( vii ) the 8.300% ( 8.300 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xxi before december 21 , 2067 unless certain conditions , described in exhibit 4.03 to citigroup 2019s current report on form 8-k filed on september 18 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on november 28 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on march 8 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on july 2 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on august 17 , 2007 , in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on november 27 , 2007 , and in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on december 21 , 2007 , respectively , are met .these agreements are for the benefit of the holders of citigroup 2019s 6.00% ( 6.00 % ) junior subordinated deferrable interest debentures due 2034 .citigroup owns all of the voting securities of these subsidiary trusts .these subsidiary trusts have no assets , operations , revenues or cash flows other than those related to the issuance , administration and repayment of the subsidiary trusts and the subsidiary trusts 2019 common securities .these subsidiary trusts 2019 obligations are fully and unconditionally guaranteed by citigroup. .
|
what percentage of total aggregate annual maturities of long-term debt obligations ( based on final maturity dates ) including trust preferred securities due in 2010 are related to citigroup funding inc . ?
|
13%
|
{
"answer": "13%",
"decimal": 0.13,
"type": "percentage"
}
| |
s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2009 , 2008 , and 2007 ( in millions of u.s .dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
[['for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages )', 'direct amount', 'ceded to other companies', 'assumed from other companies', 'net amount', 'percentage of amount assumed to net'], ['2009', '$ 15415', '$ 5943', '$ 3768', '$ 13240', '28% ( 28 % )'], ['2008', '$ 16087', '$ 6144', '$ 3260', '$ 13203', '25% ( 25 % )'], ['2007', '$ 14673', '$ 5834', '$ 3458', '$ 12297', '28% ( 28 % )']]
.
|
what percent of the direct amount is ceded to other companies in 2009 , ( in millions ) ?
|
38.6%
|
{
"answer": "38.6%",
"decimal": 0.386,
"type": "percentage"
}
| |
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses .
[['year', 'gallons', 'average priceper gallon', 'aircraft fuelexpense', 'percent of totaloperating expenses'], ['2017', '4352', '$ 1.73', '$ 7510', '19.7% ( 19.7 % )'], ['2016', '4347', '1.42', '6180', '17.7% ( 17.7 % )'], ['2015', '4323', '1.72', '7456', '21.4% ( 21.4 % )']]
as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
|
as of 2017 what was the total annual fuel expenses starting with 2015 in millions
|
21146
|
{
"answer": "21146",
"decimal": 21146,
"type": "float"
}
|
the total is the sum of the expenses for each year
|
the company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 .at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: .
[['( in millions )', 'year'], ['2011', '$ 7.2'], ['2012', '8.2'], ['2013', '8.6'], ['2014', '9.5'], ['2015', '10.0'], ['2016-2020', '62.8']]
savings plans .cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s .employees are participants and have the option to contribute to this plan .cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary .in addition , certain cme london-based employees are eligible to participate in a defined contribution plan .for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements .salary and cash bonuses paid are included in the definition of earnings .aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively .cme non-qualified plans .cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf .although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices .the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively .although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability .the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense .supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan .all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits .all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans .total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively .deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution .nymexmembers 2019 retirement plan and benefits .nymex maintained a retirement and benefit plan under the commodities exchange , inc .( comex ) members 2019 recognition and retention plan ( mrrp ) .this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 .no new participants were permitted into the plan after the date of this acquisition .under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded .all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits .total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 .at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million .
|
assuming an average contribution rate of 3% ( 3 % ) of earnings for defined contribution savings plans , what is the deemed aggregate compensation expense in millions in 2010?
|
210
|
{
"answer": "210",
"decimal": 210,
"type": "float"
}
| |
entergy corporation and subsidiaries management's financial discussion and analysis net revenue 2004 compared to 2003 net revenue , which is entergy's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2004 to 2003. .
[['', '( in millions )'], ['2003 net revenue', '$ 4214.5'], ['volume/weather', '68.3'], ['summer capacity charges', '17.4'], ['base rates', '10.6'], ['deferred fuel cost revisions', '-46.3 ( 46.3 )'], ['price applied to unbilled sales', '-19.3 ( 19.3 )'], ['other', '-1.2 ( 1.2 )'], ['2004 net revenue', '$ 4244.0']]
the volume/weather variance resulted primarily from increased usage , partially offset by the effect of milder weather on sales during 2004 compared to 2003 .billed usage increased a total of 2261 gwh in the industrial and commercial sectors .the summer capacity charges variance was due to the amortization in 2003 at entergy gulf states and entergy louisiana of deferred capacity charges for the summer of 2001 .entergy gulf states' amortization began in june 2002 and ended in may 2003 .entergy louisiana's amortization began in august 2002 and ended in july 2003 .base rates increased net revenue due to a base rate increase at entergy new orleans that became effective in june 2003 .the deferred fuel cost revisions variance resulted primarily from a revision in 2003 to an unbilled sales pricing estimate to more closely align the fuel component of that pricing with expected recoverable fuel costs at entergy louisiana .deferred fuel cost revisions also decreased net revenue due to a revision in 2004 to the estimate of fuel costs filed for recovery at entergy arkansas in the march 2004 energy cost recovery rider .the price applied to unbilled sales variance resulted from a decrease in fuel price in 2004 caused primarily by the effect of nuclear plant outages in 2003 on average fuel costs .gross operating revenues and regulatory credits gross operating revenues include an increase in fuel cost recovery revenues of $ 475 million and $ 18 million in electric and gas sales , respectively , primarily due to higher fuel rates in 2004 resulting from increases in the market prices of purchased power and natural gas .as such , this revenue increase is offset by increased fuel and purchased power expenses .other regulatory credits increased primarily due to the following : 2022 cessation of the grand gulf accelerated recovery tariff that was suspended in july 2003 ; 2022 the amortization in 2003 of deferred capacity charges for summer 2001 power purchases at entergy gulf states and entergy louisiana ; 2022 the deferral in 2004 of $ 14.3 million of capacity charges related to generation resource planning as allowed by the lpsc ; 2022 the deferral in 2004 by entergy louisiana of $ 11.4 million related to the voluntary severance program , in accordance with a proposed stipulation entered into with the lpsc staff ; and .
|
what is the net change in net revenue during 2004 for entergy corporation?
|
29.5
|
{
"answer": "29.5",
"decimal": 29.5,
"type": "float"
}
| |
schedule iii page 6 of 6 host hotels & resorts , inc. , and subsidiaries host hotels & resorts , l.p. , and subsidiaries real estate and accumulated depreciation december 31 , 2018 ( in millions ) ( b ) the change in accumulated depreciation and amortization of real estate assets for the fiscal years ended december 31 , 2018 , 2017 and 2016 is as follows: .
[['balance at december 31 2015', '$ 5666'], ['depreciation and amortization', '572'], ['dispositions and other', '-159 ( 159 )'], ['depreciation on assets held for sale', '-130 ( 130 )'], ['balance at december 31 2016', '5949'], ['depreciation and amortization', '563'], ['dispositions and other', '-247 ( 247 )'], ['depreciation on assets held for sale', '7'], ['balance at december 31 2017', '6272'], ['depreciation and amortization', '546'], ['dispositions and other', '-344 ( 344 )'], ['depreciation on assets held for sale', '-101 ( 101 )'], ['balance at december 31 2018', '$ 6373']]
( c ) the aggregate cost of real estate for federal income tax purposes is approximately $ 10458 million at december 31 , 2018 .( d ) the total cost of properties excludes construction-in-progress properties. .
|
what was the net change in millions in the accumulated depreciation and amortization of real estate assets from 2016 to 2017?
|
323
|
{
"answer": "323",
"decimal": 323,
"type": "float"
}
| |
management 2019s discussion and analysis of financial condition and results of operations ( continued ) the following table presents average u.s .and non-u.s .short-duration advances for the years ended december 31 : years ended december 31 .
[['( in millions )', '2013', '2012', '2011'], ['average u.s . short-duration advances', '$ 2356', '$ 1972', '$ 1994'], ['average non-u.s . short-duration advances', '1393', '1393', '1585'], ['average total short-duration advances', '$ 3749', '$ 3365', '$ 3579']]
although average short-duration advances for the year ended december 31 , 2013 increased compared to the year ended december 31 , 2012 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity .average other interest-earning assets increased to $ 11.16 billion for the year ended december 31 , 2013 from $ 7.38 billion for the year ended december 31 , 2012 .the increased levels were primarily the result of higher levels of cash collateral provided in connection with our participation in principal securities finance transactions .aggregate average interest-bearing deposits increased to $ 109.25 billion for the year ended december 31 , 2013 from $ 98.39 billion for the year ended december 31 , 2012 .this increase was mainly due to higher levels of non-u.s .transaction accounts associated with the growth of new and existing business in assets under custody and administration .future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s .and non-u.s .interest rates .average other short-term borrowings declined to $ 3.79 billion for the year ended december 31 , 2013 from $ 4.68 billion for the year ended december 31 , 2012 , as higher levels of client deposits provided additional liquidity .average long-term debt increased to $ 8.42 billion for the year ended december 31 , 2013 from $ 7.01 billion for the year ended december 31 , 2012 .the increase primarily reflected the issuance of $ 1.0 billion of extendible notes by state street bank in december 2012 , the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , and the issuance of $ 1.0 billion of senior debt in november 2013 .this increase was partly offset by maturities of $ 1.75 billion of senior debt in the second quarter of 2012 .average other interest-bearing liabilities increased to $ 6.46 billion for the year ended december 31 , 2013 from $ 5.90 billion for the year ended december 31 , 2012 , primarily the result of higher levels of cash collateral received from clients in connection with our participation in principal securities finance transactions .several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s .and non-u.s .interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured .based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay- downs and maturities of investment securities in highly-rated securities , such as u.s .treasury and agency securities , federal agency mortgage-backed securities and u.s .and non-u.s .mortgage- and asset-backed securities .the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time .we expect these factors and the levels of global interest rates to dictate what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .
|
in 2013 , what percent of short duration advances is from the us?
|
62.84%
|
{
"answer": "62.84%",
"decimal": 0.6284000000000001,
"type": "percentage"
}
| |
compared to earlier levels .the pre-tax non-cash impairments of certain mineral rights and real estate discussed above under the caption fffdland and development impairments fffd are not included in segment income .liquidity and capital resources on january 29 , 2018 , we announced that a definitive agreement had been signed for us to acquire all of the outstanding shares of kapstone for $ 35.00 per share and the assumption of approximately $ 1.36 billion in net debt , for a total enterprise value of approximately $ 4.9 billion .in contemplation of the transaction , on march 6 , 2018 , we issued $ 600.0 million aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2025 and $ 600.0 million aggregate principal amount of 4.0% ( 4.0 % ) senior notes due 2028 in an unregistered offering pursuant to rule 144a and regulation s under the securities act of 1933 , as amended ( the fffdsecurities act fffd ) .in addition , on march 7 , 2018 , we entered into the delayed draw credit facilities ( as hereinafter defined ) that provide for $ 3.8 billion of senior unsecured term loans .on november 2 , 2018 , in connection with the closing of the kapstone acquisition , we drew upon the facility in full .the proceeds of the delayed draw credit facilities ( as hereinafter defined ) and other sources of cash were used to pay the consideration for the kapstone acquisition , to repay certain existing indebtedness of kapstone and to pay fees and expenses incurred in connection with the kapstone acquisition .we fund our working capital requirements , capital expenditures , mergers , acquisitions and investments , restructuring activities , dividends and stock repurchases from net cash provided by operating activities , borrowings under our credit facilities , proceeds from our new a/r sales agreement ( as hereinafter defined ) , proceeds from the sale of property , plant and equipment removed from service and proceeds received in connection with the issuance of debt and equity securities .see fffdnote 13 .debt fffdtt of the notes to consolidated financial statements for additional information .funding for our domestic operations in the foreseeable future is expected to come from sources of liquidity within our domestic operations , including cash and cash equivalents , and available borrowings under our credit facilities .as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations .at september 30 , 2018 , excluding the delayed draw credit facilities , we had approximately $ 3.2 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 .this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases .certain restrictive covenants govern our maximum availability under the credit facilities .we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2018 .at september 30 , 2018 , we had $ 104.9 million of outstanding letters of credit not drawn cash and cash equivalents were $ 636.8 million at september 30 , 2018 and $ 298.1 million at september 30 , 2017 .we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition .approximately 20% ( 20 % ) of the cash and cash equivalents at september 30 , 2018 were held outside of the u.s .at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current .at september 30 , 2017 , total debt was $ 6554.8 million , $ 608.7 million of which was current .cash flow activityy .
[['( in millions )', 'year ended september 30 , 2018', 'year ended september 30 , 2017', 'year ended september 30 , 2016'], ['net cash provided by operating activities', '$ 2420.9', '$ 1900.5', '$ 1688.4'], ['net cash used for investing activities', '$ -1298.9 ( 1298.9 )', '$ -1285.8 ( 1285.8 )', '$ -1351.4 ( 1351.4 )'], ['net cash used for financing activities', '$ -755.1 ( 755.1 )', '$ -655.4 ( 655.4 )', '$ -231.0 ( 231.0 )']]
net cash provided by operating activities during fiscal 2018 increased $ 520.4 million from fiscal 2017 primarily due to higher cash earnings and lower cash taxes due to the impact of the tax act .net cash provided by operating activities during fiscal 2017 increased $ 212.1 million from fiscal 2016 primarily due to a $ 111.6 million net increase in cash flow from working capital changes plus higher after-tax cash proceeds from our land and development segment fffds accelerated monetization .the changes in working capital in fiscal 2018 , 2017 and 2016 included a .
|
in 2018 , what percent of the net cash from operations is retained after financing and investing activities?
|
15.16%
|
{
"answer": "15.16%",
"decimal": 0.1516,
"type": "percentage"
}
| |
item 7 .management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe .our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis .2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil .2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in eg .certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward-looking statements concerning trends or events potentially affecting our business .these statements typically contain words such as 201canticipates , 201d 201cbelieves , 201d 201cestimates , 201d 201cexpects , 201d 201ctargets , 201d 201cplans , 201d 201cprojects , 201d 201ccould , 201d 201cmay , 201d 201cshould , 201d 201cwould 201d or similar words indicating that future outcomes are uncertain .in accordance with 201csafe harbor 201d provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements .for additional risk factors affecting our business , see item 1a .risk factors in this annual report on form 10-k .management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 .business , item 1a .risk factors and item 8 .financial statements and supplementary data found in this annual report on form 10-k .spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc .marathon shareholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held .fractional shares of mpc common stock were not distributed and any fractional share of mpc common stock otherwise issuable to a marathon shareholder was sold in the open market on such shareholder 2019s behalf , and such shareholder received a cash payment with respect to that fractional share .a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off .activities related to the downstream business have been treated as discontinued operations in all periods presented in this annual report on form 10-k ( see item 8 .financial statements and supplementary data 2014note 3 to the consolidated financial statements for additional information ) .overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows .prices of crude oil have been volatile in recent years .in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti .during much of 2010 , both wti and brent crude oil monthly average prices remained in the $ 75 to $ 85 per barrel range .crude oil prices reached a low of $ 33.98 in february 2009 , following global demand declines in an economic recession , but recovered quickly ending 2009 at $ 79.36 .the following table lists benchmark crude oil and natural gas price annual averages for the past three years. .
[['benchmark', '2011', '2010', '2009'], ['wti crude oil ( dollars per bbl )', '$ 95.11', '$ 79.61', '$ 62.09'], ['brent ( europe ) crude oil ( dollars per bbl )', '111.26', '79.51', '61.49'], ['henry hub natural gas ( dollars per mmbtu ) ( a )', '$ 4.04', '$ 4.39', '$ 3.99']]
wti crude oil ( dollars per bbl ) $ 95.11 $ 79.61 $ 62.09 brent ( europe ) crude oil ( dollars per bbl ) 111.26 79.51 61.49 henry hub natural gas ( dollars per mmbtu ) ( a ) $ 4.04 $ 4.39 $ 3.99 ( a ) settlement date average .our u.s .crude oil production was approximately 58 percent sour in 2011 and 68 percent in 2010 .sour crude contains more sulfur than light sweet wti does .sour crude oil also tends to be heavier than light sweet crude oil and sells at a discount to light sweet crude oil because of higher refining costs and lower refined product values .our international crude oil production is relatively sweet and is generally sold in relation to the brent crude benchmark .the differential between wti and brent average prices widened significantly in 2011 to $ 16.15 in comparison to differentials of less than $ 1.00 in 2010 and 2009. .
|
what was the approximate differential between wti and brent average prices in 2011 in comparison to differentials in 2010 and 2009?
|
15.15
|
{
"answer": "15.15",
"decimal": 15.15,
"type": "float"
}
| |
.
[['contractual obligations', 'payments due by period ( in thousands ) total', 'payments due by period ( in thousands ) 2017', 'payments due by period ( in thousands ) 2018', 'payments due by period ( in thousands ) 2019', 'payments due by period ( in thousands ) 2020', 'payments due by period ( in thousands ) 2021', 'payments due by period ( in thousands ) thereafter'], ['long-term debt ( 1 )', '$ 3508789', '$ 203244', '$ 409257', '$ 366456', '$ 461309', '$ 329339', '$ 1739184'], ['line of credit ( 2 )', '56127', '2650', '2650', '2650', '48177', '2014', '2014'], ["share of unconsolidated joint ventures' debt ( 3 )", '91235', '2444', '28466', '5737', '11598', '1236', '41754'], ['ground leases', '311120', '10745', '5721', '5758', '5793', '5822', '277281'], ['development and construction backlog costs ( 4 )', '344700', '331553', '13147', '2014', '2014', '2014', '2014'], ['other', '43357', '7502', '7342', '5801', '4326', '3906', '14480'], ['total contractual obligations', '$ 4355328', '$ 558138', '$ 466583', '$ 386402', '$ 531203', '$ 340303', '$ 2072699']]
( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest .interest payments for variable rate debt were calculated using the interest rates as of december 31 , 2016 .repayment of our $ 250.0 million variable rate term note , which has a contractual maturity date in january 2019 , is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion .( 2 ) our unsecured line of credit has a contractual maturity date in january 2019 , but is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion .interest payments for our unsecured line of credit were calculated using the most recent stated interest rate that was in effect.ff ( 3 ) our share of unconsolidated joint venture debt includes both principal and interest .interest expense for variable rate debt was calculated using the interest rate at december 31 , 2016 .( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects .related party y transactionstt we provide property and asset management , leasing , construction and other tenant-related services to ww unconsolidated companies in which we have equity interests .for the years ended december 31 , 2016 , 2015 and 2014 we earned management fees of $ 4.5 million , $ 6.8 million and $ 8.5 million , leasing fees of $ 2.4 million , $ 3.0 million and $ 3.4 million and construction and development fees of $ 8.0 million , $ 6.1 million and $ 5.8 million , respectively , from these companies , prior to elimination of our ownership percentage .yy we recorded these fees based ww on contractual terms that approximate market rates for these types of services and have eliminated our ownership percentages of these fees in the consolidated financial statements .commitments and contingenciesg the partnership has guaranteed the repayment of $ 32.9 million of economic development bonds issued by various municipalities in connection with certain commercial developments .we will be required to make payments under ww our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond ff debt service .management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees .the partnership also has guaranteed the repayment of an unsecured loan of one of our unconsolidated subsidiaries .at december 31 , 2016 , the maximum guarantee exposure for this loan was approximately $ 52.1 million .we lease certain land positions with terms extending toww march 2114 , with a total future payment obligation of $ 311.1 million .the payments on these ground leases , which are classified as operating leases , are not material in any individual year .in addition to ground leases , we are party to other operating leases as part of conducting our business , including leases of office space from third parties , with a total future payment obligation of ff $ 43.4 million at december 31 , 2016 .no future payments on these leases are material in any individual year .we are subject to various legal proceedings and claims that arise in the ordinary course of business .in the opinion ww of management , the amount of any ultimate liability with respect to these actions is not expected to materially affect ff our consolidated financial statements or results of operations .we own certain parcels of land that are subject to special property tax assessments levied by quasi municipalww entities .to the extent that such special assessments are fixed and determinable , the discounted value of the fulltt .
|
what is the long term debt as a percentage of total contractual obligations in 2017?
|
36.4%
|
{
"answer": "36.4%",
"decimal": 0.364,
"type": "percentage"
}
| |
mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) note 17 .commitments at december 31 , 2008 , the company had the following future minimum payments due under non-cancelable agreements : capital leases operating leases sponsorship , licensing & .
[['', 'total', 'capital leases', 'operating leases', 'sponsorship licensing & other'], ['2009', '$ 372320', '$ 8435', '$ 40327', '$ 323558'], ['2010', '140659', '2758', '18403', '119498'], ['2011', '80823', '1978', '11555', '67290'], ['2012', '50099', '1819', '9271', '39009'], ['2013', '50012', '36837', '7062', '6113'], ['thereafter', '21292', '2014', '19380', '1912'], ['total', '$ 715205', '$ 51827', '$ 105998', '$ 557380']]
included in the table above are capital leases with imputed interest expense of $ 9483 and a net present value of minimum lease payments of $ 42343 .in addition , at december 31 , 2008 , $ 92300 of the future minimum payments in the table above for leases , sponsorship , licensing and other agreements was accrued .consolidated rental expense for the company 2019s office space , which is recognized on a straight line basis over the life of the lease , was approximately $ 42905 , $ 35614 and $ 31467 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .consolidated lease expense for automobiles , computer equipment and office equipment was $ 7694 , $ 7679 and $ 8419 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .in january 2003 , mastercard purchased a building in kansas city , missouri for approximately $ 23572 .the building is a co-processing data center which replaced a back-up data center in lake success , new york .during 2003 , mastercard entered into agreements with the city of kansas city for ( i ) the sale-leaseback of the building and related equipment which totaled $ 36382 and ( ii ) the purchase of municipal bonds for the same amount which have been classified as municipal bonds held-to-maturity .the agreements enabled mastercard to secure state and local financial benefits .no gain or loss was recorded in connection with the agreements .the leaseback has been accounted for as a capital lease as the agreement contains a bargain purchase option at the end of the ten-year lease term on april 1 , 2013 .the building and related equipment are being depreciated over their estimated economic life in accordance with the company 2019s policy .rent of $ 1819 is due annually and is equal to the interest due on the municipal bonds .the future minimum lease payments are $ 45781 and are included in the table above .a portion of the building was subleased to the original building owner for a five-year term with a renewal option .as of december 31 , 2008 , the future minimum sublease rental income is $ 4416 .note 18 .obligations under litigation settlements on october 27 , 2008 , mastercard and visa inc .( 201cvisa 201d ) entered into a settlement agreement ( the 201cdiscover settlement 201d ) with discover financial services , inc .( 201cdiscover 201d ) relating to the u.s .federal antitrust litigation amongst the parties .the discover settlement ended all litigation between the parties for a total of $ 2750000 .in july 2008 , mastercard and visa had entered into a judgment sharing agreement that allocated responsibility for any judgment or settlement of the discover action between the parties .accordingly , the mastercard share of the discover settlement was $ 862500 , which was paid to discover in november 2008 .in addition , in connection with the discover settlement , morgan stanley , discover 2019s former parent company , paid mastercard $ 35000 in november 2008 , pursuant to a separate agreement .the net impact of $ 827500 is included in litigation settlements for the year ended december 31 , 2008. .
|
considering the years 2012 and 2013 , what is the variation observed in the operating leases?
|
2209
|
{
"answer": "2209",
"decimal": 2209,
"type": "float"
}
|
it is the difference between each year's operating leases .
|
22 2002subsequent events in january 2011 , we purchased cif 2019s 49.9% ( 49.9 % ) interest in 521 fifth avenue , thereby assuming full ownership of the building .the transaction values the consolidated interest at approximately $ 245.7 a0million .in january 2011 , we repaid our $ 84.8 a0million , 5.15% ( 5.15 % ) unsecured notes at par on their maturity date .in january 2011 , we , along with the moinian group , completed the recapitalization of 3 columbus circle .the recapitalization included a $ 138 a0million equity investment by sl a0green , a portion of which was in the form of sl a0green operating partnership units .we believe the property is now fully capitalized for all costs necessary to complete the redevelop- ment and lease-up of the building .the previously existing mortgage has been refinanced with a bridge loan provided by sl a0green and deutsche bank , which we intend to be further refinanced by third-party lenders at a later date .on february a010 , 2011 , the company and the operating partnership entered into atm equity offering sales agreements with each of merrill lynch , pierce , fenner a0& smith incorporated and morgan stanley a0& a0co .incorporated , to sell shares of the company 2019s common stock , from time to time , through a $ 250.0 a0 million 201cat the market 201d equity offering program under which merrill lynch , pierce , fenner a0& smith incorporated and morgan stanley a0& a0co .incorporated are acting as sales agents .as of february a022 , 2011 , we sold approximately 2.0 a0million shares our common stock through the program for aggregate proceeds of $ 144.1 a0million .2009 quarter ended december a031 september a030 june a030 march a031 .
[['2009 quarter ended', 'december 31', 'september 30', 'june 30', 'march 31'], ['total revenues', '$ 243040', '$ 245769', '$ 248251', '$ 258787'], ['income ( loss ) net of noncontrolling interests and before gains on sale', '-380 ( 380 )', '4099', '-10242 ( 10242 )', '-26600 ( 26600 )'], ['equity in net gain ( loss ) on sale of interest in unconsolidated joint venture/ real estate', '2014', '-157 ( 157 )', '-2693 ( 2693 )', '9541'], ['gain on early extinguishment of debt', '606', '8368', '29321', '47712'], ['gain ( loss ) on equity investment in marketable securities', '-232 ( 232 )', '-52 ( 52 )', '127', '-807 ( 807 )'], ['net income from discontinued operations', '1593', '1863', '999', '1319'], ['gain ( loss ) on sale of discontinued operations', '-1741 ( 1741 )', '-11672 ( 11672 )', '2014', '6572'], ['net income ( loss ) attributable to sl green', '-154 ( 154 )', '2449', '17512', '37737'], ['preferred stock dividends', '-4969 ( 4969 )', '-4969 ( 4969 )', '-4969 ( 4969 )', '-4969 ( 4969 )'], ['net income ( loss ) attributable to sl green common stockholders', '$ -5123 ( 5123 )', '$ -2520 ( 2520 )', '$ 12543', '$ 32768'], ['net income ( loss ) per common share-basic', '$ -0.07 ( 0.07 )', '$ -0.03 ( 0.03 )', '$ 0.19', '$ 0.57'], ['net income ( loss ) per common share-diluted', '$ -0.07 ( 0.07 )', '$ -0.03 ( 0.03 )', '$ 0.18', '$ 0.57']]
88 sl green realty corp .2010 annual report notes to consolidated financial statements .
|
in 2009 what was the average revenues per quarter in millions
|
248961.75
|
{
"answer": "248961.75",
"decimal": 248961.75,
"type": "float"
}
| |
entergy corporation and subsidiaries management 2019s financial discussion and analysis net revenue utility following is an analysis of the change in net revenue comparing 2014 to 2013 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2013 net revenue', '$ 5524'], ['retail electric price', '135'], ['asset retirement obligation', '56'], ['volume/weather', '36'], ['miso deferral', '16'], ['net wholesale revenue', '-29 ( 29 )'], ['other', '-3 ( 3 )'], ['2014 net revenue', '$ 5735']]
the retail electric price variance is primarily due to : 2022 increases in the energy efficiency rider at entergy arkansas , as approved by the apsc , effective july 2013 and july 2014 .energy efficiency revenues are offset by costs included in other operation and maintenance expenses and have minimal effect on net income ; 2022 the effect of the apsc 2019s order in entergy arkansas 2019s 2013 rate case , including an annual base rate increase effective january 2014 offset by a miso rider to provide customers credits in rates for transmission revenue received through miso ; 2022 a formula rate plan increase at entergy mississippi , as approved by the mspc , effective september 2013 ; 2022 an increase in entergy mississippi 2019s storm damage rider , as approved by the mpsc , effective october 2013 .the increase in the storm damage rider is offset by other operation and maintenance expenses and has no effect on net income ; 2022 an annual base rate increase at entergy texas , effective april 2014 , as a result of the puct 2019s order in the september 2013 rate case ; and 2022 a formula rate plan increase at entergy louisiana , as approved by the lpsc , effective december 2014 .see note 2 to the financial statements for a discussion of rate proceedings .the asset retirement obligation affects net revenue because entergy records a regulatory debit or credit for the difference between asset retirement obligation-related expenses and trust earnings plus asset retirement obligation- related costs collected in revenue .the variance is primarily caused by increases in regulatory credits because of decreases in decommissioning trust earnings and increases in depreciation and accretion expenses and increases in regulatory credits to realign the asset retirement obligation regulatory assets with regulatory treatment .the volume/weather variance is primarily due to an increase of 3129 gwh , or 3% ( 3 % ) , in billed electricity usage primarily due to an increase in sales to industrial customers and the effect of more favorable weather on residential sales .the increase in industrial sales was primarily due to expansions , recovery of a major refining customer from an unplanned outage in 2013 , and continued moderate growth in the manufacturing sector .the miso deferral variance is primarily due to the deferral in 2014 of the non-fuel miso-related charges , as approved by the lpsc and the mpsc , partially offset by the deferral in april 2013 , as approved by the apsc , of costs incurred from march 2010 through december 2012 related to the transition and implementation of joining the miso .
|
what is the percent change in net revenue from 2013 to 2014?
|
3.82%
|
{
"answer": "3.82%",
"decimal": 0.0382,
"type": "percentage"
}
| |
earnings were remitted as dividends after payment of all deferred taxes .as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates .a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: .
[['unrecognized tax benefits', '2013', '2012', '2011'], ['balance at beginning of year', '$ 110.8', '$ 126.4', '$ 197.8'], ['additions for tax positions of the current year', '12.7', '44.5', '16.3'], ['additions for tax positions of prior years', '9.0', '2.3', '5.7'], ['reductions for tax positions of prior years', '-.5 ( .5 )', '-46.9 ( 46.9 )', '-72.4 ( 72.4 )'], ['settlements', '-1.4 ( 1.4 )', '-11.0 ( 11.0 )', '-15.6 ( 15.6 )'], ['statute of limitations expiration', '-8.0 ( 8.0 )', '-3.7 ( 3.7 )', '-4.8 ( 4.8 )'], ['foreign currency translation', '1.7', '-.8 ( .8 )', '-.6 ( .6 )'], ['balance at end of year', '$ 124.3', '$ 110.8', '$ 126.4']]
at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized .interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 .our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively .we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 .in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination .this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate .as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements .on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary .as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 .as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years .during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business .when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate .for additional information , see note 3 , discontinued operations .in the third quarter of 2011 , a u.s .internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 .this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s .healthcare business .we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months .as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months .however , quantification of an estimated range cannot be made at this time. .
|
considering the years 2011-2013 , what is the average value for settlements?
|
9.33
|
{
"answer": "9.33",
"decimal": 9.33,
"type": "float"
}
|
it is the sun of all settlements divided by three ( number of years ) .
|
entergy arkansas , inc .management's financial discussion and analysis operating activities cash flow from operations increased $ 8.8 million in 2004 compared to 2003 primarily due to income tax benefits received in 2004 , and increased recovery of deferred fuel costs .this increase was substantially offset by money pool activity .in 2003 , the domestic utility companies and system energy filed , with the irs , a change in tax accounting method notification for their respective calculations of cost of goods sold .the adjustment implemented a simplified method of allocation of overhead to the production of electricity , which is provided under the irs capitalization regulations .the cumulative adjustment placing these companies on the new methodology resulted in a $ 1.171 billion deduction for entergy arkansas on entergy's 2003 income tax return .there was no cash benefit from the method change in 2003 .in 2004 , entergy arkansas realized $ 173 million in cash tax benefit from the method change .this tax accounting method change is an issue across the utility industry and will likely be challenged by the irs on audit .as of december 31 , 2004 , entergy arkansas has a net operating loss ( nol ) carryforward for tax purposes of $ 766.9 million , principally resulting from the change in tax accounting method related to cost of goods sold .if the tax accounting method change is sustained , entergy arkansas expects to utilize the nol carryforward through 2006 .cash flow from operations increased $ 80.1 million in 2003 compared to 2002 primarily due to income taxes paid of $ 2.2 million in 2003 compared to income taxes paid of $ 83.9 million in 2002 , and money pool activity .this increase was partially offset by decreased recovery of deferred fuel costs in 2003 .entergy arkansas' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
[['2004', '2003', '2002', '2001'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 23561', '( $ 69153 )', '$ 4279', '$ 23794']]
money pool activity used $ 92.7 million of entergy arkansas' operating cash flow in 2004 , provided $ 73.4 million in 2003 , and provided $ 19.5 million in 2002 .see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .investing activities the decrease of $ 68.1 million in net cash used in investing activities in 2004 compared to 2003 was primarily due to a decrease in construction expenditures resulting from less transmission upgrade work requested by merchant generators in 2004 combined with lower spending on customer support projects in 2004 .the increase of $ 88.1 million in net cash used in investing activities in 2003 compared to 2002 was primarily due to an increase in construction expenditures of $ 57.4 million and the maturity of $ 38.4 million of other temporary investments in the first quarter of 2002 .construction expenditures increased in 2003 primarily due to the following : 2022 a ferc ruling that shifted responsibility for transmission upgrade work performed for independent power producers to entergy arkansas ; and 2022 the ano 1 steam generator , reactor vessel head , and transformer replacement project .financing activities the decrease of $ 90.7 million in net cash used in financing activities in 2004 compared to 2003 was primarily due to the net redemption of $ 2.4 million of long-term debt in 2004 compared to $ 109.3 million in 2003 , partially offset by the payment of $ 16.2 million more in common stock dividends during the same period. .
|
what portion of the increase in net cash used in investing activities in 2003 is due to an increase in construction expenditures?
|
65.2%
|
{
"answer": "65.2%",
"decimal": 0.652,
"type": "percentage"
}
|
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