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jpmorgan chase & co./2018 form 10-k 117 lending-related commitments the firm uses lending-related financial instruments , such as commitments ( including revolving credit facilities ) and guarantees , to address the financing needs of its clients .the contractual amounts of these financial instruments represent the maximum possible credit risk should the clients draw down on these commitments or the firm fulfill its obligations under these guarantees , and the clients subsequently fail to perform according to the terms of these contracts .most of these commitments and guarantees are refinanced , extended , cancelled , or expire without being drawn upon or a default occurring .in the firm 2019s view , the total contractual amount of these wholesale lending-related commitments is not representative of the firm 2019s expected future credit exposure or funding requirements .for further information on wholesale lending-related commitments , refer to note 27 .clearing services the firm provides clearing services for clients entering into certain securities and derivative contracts .through the provision of these services the firm is exposed to the risk of non-performance by its clients and may be required to share in losses incurred by ccps .where possible , the firm seeks to mitigate its credit risk to its clients through the collection of adequate margin at inception and throughout the life of the transactions and can also cease provision of clearing services if clients do not adhere to their obligations under the clearing agreement .for further discussion of clearing services , refer to note 27 .derivative contracts derivatives enable clients and counterparties to manage risks including credit risk and risks arising from fluctuations in interest rates , foreign exchange , equities , and commodities .the firm makes markets in derivatives in order to meet these needs and uses derivatives to manage certain risks associated with net open risk positions from its market-making activities , including the counterparty credit risk arising from derivative receivables .the firm also uses derivative instruments to manage its own credit and other market risk exposure .the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed .for otc derivatives the firm is exposed to the credit risk of the derivative counterparty .for exchange-traded derivatives ( 201cetd 201d ) , such as futures and options , and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp .where possible , the firm seeks to mitigate its credit risk exposures arising from derivative contracts through the use of legally enforceable master netting arrangements and collateral agreements .for a further discussion of derivative contracts , counterparties and settlement types , refer to note 5 .the following table summarizes the net derivative receivables for the periods presented .derivative receivables .
[['december 31 ( in millions )', '2018', '2017'], ['total net of cash collateral', '$ 54213', '$ 56523'], ['liquid securities and other cash collateral held against derivative receivables ( a )', '-15322 ( 15322 )', '-16108 ( 16108 )'], ['total net of all collateral', '$ 38891', '$ 40415']]
( a ) includes collateral related to derivative instruments where appropriate legal opinions have not been either sought or obtained with respect to master netting agreements .the fair value of derivative receivables reported on the consolidated balance sheets were $ 54.2 billion and $ 56.5 billion at december 31 , 2018 and 2017 , respectively .derivative receivables represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm .however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s .government and agency securities and other group of seven nations ( 201cg7 201d ) government securities ) and other cash collateral held by the firm aggregating $ 15.3 billion and $ 16.1 billion at december 31 , 2018 and 2017 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor .in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date .although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative contracts move in the firm 2019s favor .the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit .for additional information on the firm 2019s use of collateral agreements , refer to note 5 .while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure .to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) .these measures all incorporate netting and collateral benefits , where applicable .peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction .peak is the primary measure used by the firm for setting of credit limits for derivative contracts , senior management reporting and derivatives exposure management .dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be .
|
what is the percentage of the liquid securities and other cash collateral held against derivative receivables in relation with the total net of all collateral in 2018?
|
39.39%
|
{
"answer": "39.39%",
"decimal": 0.39390000000000003,
"type": "percentage"
}
|
its the division between the liquid securities and other cash collateral and total net of all collateral , in 2018 .
|
vornado realty trust72 ( 6 ) on june 21 , 2002 , one of the lenders purchased the other participant 2019s interest in the loan .at the same time , the loan was extended for one year , with certain modifications , including ( i ) making the risk of a loss due to terrorism ( as defined ) not covered by insurance recourse to the company and ( ii ) the granting of two 1-year renewal options to the company .( 7 ) on november 25 , 2003 , the company completed an offering of $ 200000 , aggregate principal amount of 4.75% ( 4.75 % ) senior unsecured notes due december 1 , 2010 .interest on the notes is payable semi-annually on june 1st and december 1st , commencing in 2004 .the notes were priced at 99.869% ( 99.869 % ) of their face amount to yield 4.772% ( 4.772 % ) .the notes contain the same financial covenants that are in the company 2019s notes issued in june 2002 , except the maximum ratio of secured debt to total assets is now 50% ( 50 % ) ( previously 55% ( 55 % ) ) .the net proceeds of approximately $ 198500 were used primarily to repay existing mortgage debt .( 8 ) on july 3 , 2003 , the company entered into a new $ 600000 unsecured revolving credit facility which has replaced its $ 1 billion unsecured revolving credit facility which was to mature in july 2003 .the new facility has a three-year term , a one-year extension option and bears interest at libor plus .65% ( .65 % ) .the company also has the ability under the new facility to seek up to $ 800000 of commitments during the facility 2019s term .the new facility contains financial covenants similar to the prior facility .the net carrying amount of properties collateralizing the notes and mortgages amounted to $ 4557065000 at december 31 , 2003 .as at december 31 , 2003 , the principal repayments required for the next five years and thereafter are as follows : ( amounts in thousands ) .
[['year ending december 31,', 'amount'], ['2004', '$ 296184'], ['2005', '357171'], ['2006', '551539'], ['2007', '807784'], ['2008', '378841'], ['thereafter', '1672866']]
8 .shareholders 2019 equity common shares of beneficial interest on february 25 , 2002 , the company sold 1398743 common shares based on the closing price of $ 42.96 on the nyse .the net proceeds to the company were approximately $ 56453000 .series a preferred shares of beneficial interest holders of series a preferred shares of beneficial interest are entitled to receive dividends in an amount equivalent to $ 3.25 per annum per share .these dividends are cumulative and payable quarterly in arrears .the series a preferred shares are convertible at any time at the option of their respective holders at a conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances .in addition , upon the satisfaction of certain conditions the company , at its option , may redeem the $ 3.25 series a preferred shares at a current conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances .at no time will the series a preferred shares be redeemable for cash .series b preferred shares of beneficial interest holders of series b preferred shares of beneficial interest are entitled to receive dividends at an annual rate of 8.5% ( 8.5 % ) of the liquidation preference , or $ 2.125 per series b preferred share per annum .these dividends are cumulative and payable quarterly in arrears .the series b preferred shares are not convertible into or exchangeable for any other property or any other securities of the company at the election of the holders .however , subject to certain limitations relating to the source of funds used in connection with any such redemption , on or after march 17 , 2004 ( or sooner under limited circumstances ) , the company , at its option , may redeem series b preferred shares at a redemption price of $ 25.00 per share , plus any accrued and unpaid dividends through the date of redemption .the series b preferred shares have no maturity date and will remain outstanding indefinitely unless redeemed by the company .on february 17 , 2004 , the company has called for the redemption of all of the outstanding series b preferred shares .the shares will be redeemed on march 17 , 2004 at the redemption price of $ 25.00 per share , aggregating $ 85000000 plus accrued dividends .the redemption amount exceeds the carrying amount by $ 2100000 , representing original issuance costs .notes to consolidated financial statements sr-176_fin_l02p53_82v1.qxd 4/8/04 2:17 pm page 72 .
|
as of 2013 , principal payments required in 2008 were what percent of those due after 5 years?
|
22.6%
|
{
"answer": "22.6%",
"decimal": 0.226,
"type": "percentage"
}
| |
reporting unit 2019s related goodwill assets .in 2013 , we recorded a non-cash goodwill impairment charge of $ 195 million , net of state tax benefits .see 201ccritical accounting policies - goodwill 201d in management 2019s discussion and analysis of financial condition and results of operations and 201cnote 1 2013 significant accounting policies 201d for more information on this impairment charge .changes in u.s .or foreign tax laws , including possibly with retroactive effect , and audits by tax authorities could result in unanticipated increases in our tax expense and affect profitability and cash flows .for example , proposals to lower the u.s .corporate income tax rate would require us to reduce our net deferred tax assets upon enactment of the related tax legislation , with a corresponding material , one-time increase to income tax expense , but our income tax expense and payments would be materially reduced in subsequent years .actual financial results could differ from our judgments and estimates .refer to 201ccritical accounting policies 201d in management 2019s discussion and analysis of financial condition and results of operations , and 201cnote 1 2013 significant accounting policies 201d of our consolidated financial statements for a complete discussion of our significant accounting policies and use of estimates .item 1b .unresolved staff comments .item 2 .properties .at december 31 , 2013 , we owned or leased building space ( including offices , manufacturing plants , warehouses , service centers , laboratories , and other facilities ) at 518 locations primarily in the u.s .additionally , we manage or occupy various u.s .government-owned facilities under lease and other arrangements .at december 31 , 2013 , we had significant operations in the following locations : 2022 aeronautics 2013 palmdale , california ; marietta , georgia ; greenville , south carolina ; fort worth and san antonio , texas ; and montreal , canada .2022 information systems & global solutions 2013 goodyear , arizona ; sunnyvale , california ; colorado springs and denver , colorado ; gaithersburg and rockville , maryland ; valley forge , pennsylvania ; and houston , texas .2022 missiles and fire control 2013 camden , arkansas ; orlando , florida ; lexington , kentucky ; and grand prairie , texas .2022 mission systems and training 2013 orlando , florida ; baltimore , maryland ; moorestown/mt .laurel , new jersey ; owego and syracuse , new york ; akron , ohio ; and manassas , virginia .2022 space systems 2013 huntsville , alabama ; sunnyvale , california ; denver , colorado ; albuquerque , new mexico ; and newtown , pennsylvania .2022 corporate activities 2013 lakeland , florida and bethesda , maryland .in november 2013 , we committed to a plan to vacate our leased facilities in goodyear , arizona and akron , ohio , and close our owned facility in newtown , pennsylvania and certain owned buildings at our sunnyvale , california facility .we expect these closures , which include approximately 2.5 million square feet of facility space , will be substantially complete by the middle of 2015 .for information regarding these matters , see 201cnote 2 2013 restructuring charges 201d of our consolidated financial statements .the following is a summary of our square feet of floor space by business segment at december 31 , 2013 , inclusive of the facilities that we plan to vacate as mentioned above ( in millions ) : owned leased u.s .government- owned total .
[['', 'owned', 'leased', 'u.s . government- owned', 'total'], ['aeronautics', '5.8', '2.7', '14.2', '22.7'], ['information systems & global solutions', '2.5', '5.7', '2014', '8.2'], ['missiles and fire control', '4.2', '5.1', '1.3', '10.6'], ['mission systems and training', '5.8', '5.3', '0.4', '11.5'], ['space systems', '8.5', '1.6', '7.9', '18.0'], ['corporate activities', '3.0', '0.9', '2014', '3.9'], ['total', '29.8', '21.3', '23.8', '74.9']]
we believe our facilities are in good condition and adequate for their current use .we may improve , replace , or reduce facilities as considered appropriate to meet the needs of our operations. .
|
what is the percent of the total aeronautics that is owned
|
26%
|
{
"answer": "26%",
"decimal": 0.26,
"type": "percentage"
}
| |
latin american investments during 2009 , the company acquired a land parcel located in rio clara , brazil through a newly formed consolidated joint venture in which the company has a 70% ( 70 % ) controlling ownership interest for a purchase price of 3.3 million brazilian reals ( approximately usd $ 1.5 million ) .this parcel will be developed into a 48000 square foot retail shopping center .additionally , during 2009 , the company acquired a land parcel located in san luis potosi , mexico , through an unconsolidated joint venture in which the company has a noncontrolling interest , for an aggregate purchase price of approximately $ 0.8 million .the company recognized equity in income from its unconsolidated mexican investments in real estate joint ventures of approximately $ 7.0 million , $ 17.1 million , and $ 5.2 million during 2009 , 2008 and 2007 , respectively .the company recognized equity in income from its unconsolidated chilean investments in real estate joint ventures of approximately $ 0.4 million , $ 0.2 and $ 0.1 million during 2009 , 2008 and 2007 , respectively .the company 2019s revenues from its consolidated mexican subsidiaries aggregated approximately $ 23.4 million , $ 20.3 million , $ 8.5 million during 2009 , 2008 and 2007 , respectively .the company 2019s revenues from its consolidated brazilian subsidiaries aggregated approximately $ 1.5 million and $ 0.4 million during 2009 and 2008 , respectively .the company 2019s revenues from its consolidated chilean subsidiaries aggregated less than $ 100000 during 2009 and 2008 , respectively .mortgages and other financing receivables during 2009 , the company provided financing to five borrowers for an aggregate amount of approximately $ 8.3 million .during 2009 , the company received an aggregate of approximately $ 40.4 million which fully paid down the outstanding balance on four mortgage receivables .as of december 31 , 2009 , the company had 37 loans with total commitments of up to $ 178.9 million , of which approximately $ 131.3 million has been funded .availability under the company 2019s revolving credit facilities are expected to be sufficient to fund these remaining commitments .( see note 10 of the notes to consolidated financial statements included in this annual report on form 10-k. ) asset impairments on a continuous basis , management assesses whether there are any indicators , including property operating performance and general market conditions , that the value of the company 2019s assets ( including any related amortizable intangible assets or liabilities ) may be impaired .to the extent impairment has occurred , the carrying value of the asset would be adjusted to an amount to reflect the estimated fair value of the asset .during 2009 , economic conditions had continued to experience volatility resulting in further declines in the real estate and equity markets .year over year increases in capitalization rates , discount rates and vacancies as well as the deterioration of real estate market fundamentals , negatively impacted net operating income and leasing which further contributed to declines in real estate markets in general .as a result of the volatility and declining market conditions described above , as well as the company 2019s strategy in relation to certain of its non-retail assets , the company recognized non-cash impairment charges during 2009 , aggregating approximately $ 175.1 million , before income tax benefit of approximately $ 22.5 million and noncontrolling interests of approximately $ 1.2 million .details of these non-cash impairment charges are as follows ( in millions ) : .
[['impairment of property carrying values', '$ 50.0'], ['real estate under development', '2.1'], ['investments in other real estate investments', '49.2'], ['marketable securities and other investments', '30.1'], ['investments in real estate joint ventures', '43.7'], ['total impairment charges', '$ 175.1']]
( see notes 2 , 6 , 8 , 9 , 10 and 11 of the notes to consolidated financial statements included in this annual report on form 10-k. ) .
|
in 2009 what was the percent of the income tax benefit and the noncontrolling interests of the the company recognized non-cash impairment charges
|
13.5%
|
{
"answer": "13.5%",
"decimal": 0.135,
"type": "percentage"
}
| |
58 2016 annual report note 12 .business acquisition bayside business solutions , inc .effective july 1 , 2015 , the company acquired all of the equity interests of bayside business solutions , an alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry , for $ 10000 paid in cash .this acquisition was funded using existing operating cash .the acquisition of bayside business solutions expanded the company 2019s presence in commercial lending within the industry .management has completed a purchase price allocation of bayside business solutions and its assessment of the fair value of acquired assets and liabilities assumed .the recognized amounts of identifiable assets acquired and liabilities assumed , based upon their fair values as of july 1 , 2015 are set forth below: .
[['current assets', '$ 1922'], ['long-term assets', '253'], ['identifiable intangible assets', '5005'], ['total liabilities assumed', '-3279 ( 3279 )'], ['total identifiable net assets', '3901'], ['goodwill', '6099'], ['net assets acquired', '$ 10000']]
the goodwill of $ 6099 arising from this acquisition consists largely of the growth potential , synergies and economies of scale expected from combining the operations of the company with those of bayside business solutions , together with the value of bayside business solutions 2019 assembled workforce .goodwill from this acquisition has been allocated to our banking systems and services segment .the goodwill is not expected to be deductible for income tax purposes .identifiable intangible assets from this acquisition consist of customer relationships of $ 3402 , $ 659 of computer software and other intangible assets of $ 944 .the weighted average amortization period for acquired customer relationships , acquired computer software , and other intangible assets is 15 years , 5 years , and 20 years , respectively .current assets were inclusive of cash acquired of $ 1725 .the fair value of current assets acquired included accounts receivable of $ 178 .the gross amount of receivables was $ 178 , none of which was expected to be uncollectible .during fiscal year 2016 , the company incurred $ 55 in costs related to the acquisition of bayside business solutions .these costs included fees for legal , valuation and other fees .these costs were included within general and administrative expenses .the results of bayside business solutions 2019 operations included in the company 2019s consolidated statement of income for the twelve months ended june 30 , 2016 included revenue of $ 4273 and after-tax net income of $ 303 .the accompanying consolidated statements of income for the fiscal year ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided .banno , llc effective march 1 , 2014 , the company acquired all of the equity interests of banno , an iowa-based company that provides web and transaction marketing services with a focus on the mobile medium , for $ 27910 paid in cash .this acquisition was funded using existing operating cash .the acquisition of banno expanded the company 2019s presence in online and mobile technologies within the industry .during fiscal year 2014 , the company incurred $ 30 in costs related to the acquisition of banno .these costs included fees for legal , valuation and other fees .these costs were included within general and administrative expenses .the results of banno's operations included in the company's consolidated statements of income for the year ended june 30 , 2016 included revenue of $ 6393 and after-tax net loss of $ 1289 .for the year ended june 30 , 2015 , our consolidated statements of income included revenue of $ 4175 and after-tax net loss of $ 1784 attributable to banno .the results of banno 2019s operations included in the company 2019s consolidated statement of operations from the acquisition date to june 30 , 2014 included revenue of $ 848 and after-tax net loss of $ 1121 .the accompanying consolidated statements of income for the twelve month period ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided. .
|
what percentage of the company's net assets are considered long-term assets?
|
2.53%
|
{
"answer": "2.53%",
"decimal": 0.0253,
"type": "percentage"
}
|
long term assets divided by net assets
|
visa inc .notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) the company redeemed all outstanding shares of class c ( series ii ) common stock in october 2008 at its redemption price of $ 1.136 billion , which represents its stated redemption price of $ 1.146 billion reduced by the dividend declared in june 2008 and paid on these shares in august 2008 and the extinguishment of the subscription receivable .fair value and accretion of class c ( series ii ) common stock at the time of the reorganization in october 2007 , the company determined the fair value of the class c ( series ii ) common stock to be approximately $ 1.104 billion .prior to the ipo these shares were not redeemable .completion of the company 2019s ipo triggered the redemption feature of this stock .as a result , in accordance with emerging issues task force ( 201ceitf 201d ) topic d-98 , 201cclassification and measurement of redeemable securities , 201d in march 2008 , the company reclassified all outstanding shares of the class c ( series ii ) common stock at its then fair value of $ 1.125 billion to temporary or mezzanine level equity on the company 2019s consolidated balance sheet with a corresponding reduction in additional paid-in-capital of $ 1.104 billion and accumulated income of $ 21 million .over the period from march 2008 to october 10 , 2008 , the date these shares were redeemed , the company recorded accretion of this stock to its redemption price through accumulated income .the following table reflects activity related to the class c ( series ii ) common stock from october 1 , 2007 to september 30 , 2008 : fiscal 2008 ( in millions ) .
[['', 'fiscal 2008 ( in millions )'], ['balance at october 1 recorded in stockholders 2019 equity', '$ 1104'], ['re-measure of fair value at ipo date', '21'], ['accretion recorded from ipo date to september 30 2008 ( 1 )', '19'], ['dividend declared ( 2 )', '-8 ( 8 )'], ['balance at september 30 in temporary equity', '$ 1136']]
( 1 ) over the period from march 2008 to september 30 , 2008 , the company recorded accretion of this stock to its redemption price through accumulated income .( 2 ) in june 2008 , the company declared a dividend of $ 0.105 per share .the dividend paid to the class c ( series ii ) common stock is treated as a reduction in temporary equity as it reduces the redemption value of the class c ( series ii ) common stock .see note 16 2014stockholders 2019 equity and redeemable shares for further information regarding the dividend declaration .october 2008 redemptions of class c ( series ii ) and class c ( series iii ) common stock as noted above , on october 10 , 2008 , the company redeemed all of the outstanding shares of class c ( series ii ) common stock at its redemption price of $ 1.146 billion less dividends paid , or $ 1.136 billion .pursuant to the company 2019s fourth amended and restated certificate of incorporation , 35263585 shares of class c ( series iii ) common stock were required to be redeemed in october 2008 and therefore were classified as a current liability at september 30 , 2008 on the company 2019s consolidated balance sheet .on october 10 , 2008 , the company used $ 1.508 billion of net proceeds from the ipo for the required redemption of 35263585 shares of class c ( series iii ) common stock at a redemption .
|
what is the net chance in activity related to the class c ( series ii ) common stock from october 1 , 2007 to september 30 , 2008 , ( in millions ) ?
|
32
|
{
"answer": "32",
"decimal": 32,
"type": "float"
}
| |
notes to consolidated financial statements ( continued ) note 6 2014shareholders 2019 equity ( continued ) the following table summarizes activity in other comprehensive income related to derivatives , net of taxes , held by the company ( in millions ) : .
[['', '2007', '2006', '2005'], ['changes in fair value of derivatives', '$ -1 ( 1 )', '$ 11', '$ 7'], ['adjustment for net ( losses ) /gains realized and included in net income', '-2 ( 2 )', '-12 ( 12 )', '1'], ['change in unrealized gains on derivative instruments', '$ -3 ( 3 )', '$ -1 ( 1 )', '$ 8']]
the tax effect related to the changes in fair value of derivatives was $ 1 million , $ ( 8 ) million , and $ ( 3 ) million for 2007 , 2006 , and 2005 , respectively .the tax effect related to derivative gains/losses reclassified from other comprehensive income to net income was $ 2 million , $ 8 million , and $ ( 2 ) million for 2007 , 2006 , and 2005 , respectively .employee benefit plans 2003 employee stock plan the 2003 employee stock plan ( the 2018 20182003 plan 2019 2019 ) is a shareholder approved plan that provides for broad- based grants to employees , including executive officers .based on the terms of individual option grants , options granted under the 2003 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting .the 2003 plan permits the granting of incentive stock options , nonstatutory stock options , rsus , stock appreciation rights , stock purchase rights and performance-based awards .during 2007 , the company 2019s shareholders approved an amendment to the 2003 plan to increase the number of shares authorized for issuance by 28 million shares .1997 employee stock option plan in august 1997 , the company 2019s board of directors approved the 1997 employee stock option plan ( the 2018 20181997 plan 2019 2019 ) , a non-shareholder approved plan for grants of stock options to employees who are not officers of the company .based on the terms of individual option grants , options granted under the 1997 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting .in october 2003 , the company terminated the 1997 plan and no new options can be granted from this plan .1997 director stock option plan in august 1997 , the company 2019s board of directors adopted a director stock option plan ( the 2018 2018director plan 2019 2019 ) for non-employee directors of the company , which was approved by shareholders in 1998 .pursuant to the director plan , the company 2019s non-employee directors are granted an option to acquire 30000 shares of common stock upon their initial election to the board ( 2018 2018initial options 2019 2019 ) .the initial options vest and become exercisable in three equal annual installments on each of the first through third anniversaries of the grant date .on the fourth anniversary of a non-employee director 2019s initial election to the board and on each subsequent anniversary thereafter , the director will be entitled to receive an option to acquire 10000 shares of common stock ( 2018 2018annual options 2019 2019 ) .annual options are fully vested and immediately exercisable on their date of grant .rule 10b5-1 trading plans certain of the company 2019s executive officers , including mr .timothy d .cook , mr .peter oppenheimer , mr .philip w .schiller , and dr .bertrand serlet , have entered into trading plans pursuant to .
|
what was the smallest change in changes in fair value of derivatives , in millions
|
-1
|
{
"answer": "-1",
"decimal": -1,
"type": "float"
}
| |
item 2 .properties flight equipment and fleet renewal as of december 31 , 2017 , american operated a mainline fleet of 948 aircraft .in 2017 , we continued our extensive fleet renewal program , which has provided us with the youngest fleet of the major u.s .network carriers .during 2017 , american took delivery of 57 new mainline aircraft and retired 39 mainline aircraft .we are supported by our wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as american eagle .as of december 31 , 2017 , american eagle operated 597 regional aircraft .during 2017 , we reduced our regional fleet by a net of nine aircraft , including the addition of 63 regional aircraft and retirement of 72 regional aircraft .mainline as of december 31 , 2017 , american 2019s mainline fleet consisted of the following aircraft : average seating capacity average ( years ) owned leased total .
[['', 'average seatingcapacity', 'averageage ( years )', 'owned', 'leased', 'total'], ['airbus a319', '128', '13.8', '21', '104', '125'], ['airbus a320', '150', '16.7', '10', '38', '48'], ['airbus a321', '178', '5.4', '165', '54', '219'], ['airbus a330-200', '251', '6.0', '15', '2014', '15'], ['airbus a330-300', '291', '17.4', '4', '5', '9'], ['boeing 737-800', '160', '8.1', '132', '172', '304'], ['boeing 737-8 max', '172', '0.1', '4', '2014', '4'], ['boeing 757-200', '180', '18.1', '31', '3', '34'], ['boeing 767-300er', '209', '19.1', '24', '2014', '24'], ['boeing 777-200er', '269', '17.0', '44', '3', '47'], ['boeing 777-300er', '310', '3.8', '18', '2', '20'], ['boeing 787-8', '226', '2.1', '20', '2014', '20'], ['boeing 787-9', '285', '0.7', '14', '2014', '14'], ['embraer 190', '99', '10.2', '20', '2014', '20'], ['mcdonnell douglas md-80', '140', '21.3', '13', '32', '45'], ['total', '', '10.1', '535', '413', '948']]
.
|
what percent of american's total planes carried fewer than 100 pasengers?
|
2.1%
|
{
"answer": "2.1%",
"decimal": 0.021,
"type": "percentage"
}
| |
table of contents notes to consolidated financial statements of american airlines , inc .the asset .projected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money .the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for certain assets for which the market and income approaches could not be applied due to the nature of the asset .the cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset , less an allowance for loss in value due to depreciation .the fair value of us airways 2019 dividend miles loyalty program liability was determined based on the weighted average equivalent ticket value of outstanding miles which were expected to be redeemed for future travel at december 9 , 2013 .the weighted average equivalent ticket value contemplates differing classes of service , domestic and international itineraries and the carrier providing the award travel .pro-forma impact of the merger american 2019s unaudited pro-forma results presented below include the effects of the merger as if it had been consummated as of january 1 , 2012 .the pro- forma results include the depreciation and amortization associated with the acquired tangible and intangible assets , lease and debt fair value adjustments , the elimination of any deferred gains or losses , adjustments relating to reflecting the fair value of the loyalty program liability and the impact of income changes on profit sharing expense , among others .in addition , the pro-forma results below reflect the impact of higher wage rates related to memorandums of understanding with us airways 2019 pilots that became effective upon closing of the merger , as well as the elimination of american 2019s reorganization items , net and merger transition costs .however , the pro-forma results do not include any anticipated synergies or other expected benefits of the merger .accordingly , the unaudited pro-forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of january 1 , 2012 .december 31 , ( in millions ) .
[['', 'december 31 2013 ( in millions )'], ['revenue', '$ 40782'], ['net income', '2707']]
5 .basis of presentation and summary of significant accounting policies ( a ) basis of presentation on december 30 , 2015 , us airways merged with and into american , which is reflected in american 2019s consolidated financial statements as though the transaction had occurred on december 9 , 2013 , when a subsidiary of amr merged with and into us airways group .thus , the full years of 2015 and 2014 and the period from december 9 , 2013 to december 31 , 2013 are comprised of the consolidated financial data of american and us airways .for the periods prior to december 9 , 2013 , the financial data reflects the results of american only .for financial reporting purposes , the transaction constituted a transfer of assets between entities under common control and was accounted for in a manner similar to the pooling of interests method of accounting .under this method , the carrying amount of net assets recognized in the balance sheets of each combining entity are carried forward to the balance sheet of the combined entity and no other assets or liabilities are recognized .the preparation of financial statements in accordance with accounting principles generally accepted in the united states ( gaap ) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities , revenues and expenses , and the disclosure of contingent assets and liabilities at the date of the financial statements .actual results could differ from those estimates .the most significant areas of judgment relate to passenger revenue recognition , impairment of goodwill , impairment of long-lived and .
|
what is the net income margin in 2013?
|
6.6%
|
{
"answer": "6.6%",
"decimal": 0.066,
"type": "percentage"
}
| |
marathon oil corporation notes to consolidated financial statements expected long-term return on plan assets 2013 the expected long-term return on plan assets assumption for our u.s .funded plan is determined based on an asset rate-of-return modeling tool developed by a third-party investment group which utilizes underlying assumptions based on actual returns by asset category and inflation and takes into account our u.s .pension plan 2019s asset allocation .to determine the expected long-term return on plan assets assumption for our international plans , we consider the current level of expected returns on risk-free investments ( primarily government bonds ) , the historical levels of the risk premiums associated with the other applicable asset categories and the expectations for future returns of each asset class .the expected return for each asset category is then weighted based on the actual asset allocation to develop the overall expected long-term return on plan assets assumption .assumed weighted average health care cost trend rates .
[['', '2018', '2017', '2016'], ['initial health care trend rate', 'n/a', '8.00% ( 8.00 % )', '8.25% ( 8.25 % )'], ['ultimate trend rate', 'n/a', '4.70% ( 4.70 % )', '4.50% ( 4.50 % )'], ['year ultimate trend rate is reached', 'n/a', '2025', '2025']]
n/a all retiree medical subsidies are frozen as of january 1 , 2019 .employer provided subsidies for post-65 retiree health care coverage were frozen effective january 1 , 2017 at january 1 , 2016 established amount levels .company contributions are funded to a health reimbursement account on the retiree 2019s behalf to subsidize the retiree 2019s cost of obtaining health care benefits through a private exchange ( the 201cpost-65 retiree health benefits 201d ) .therefore , a 1% ( 1 % ) change in health care cost trend rates would not have a material impact on either the service and interest cost components and the postretirement benefit obligations .in the fourth quarter of 2018 , we terminated the post-65 retiree health benefits effective as of december 31 , 2020 .the post-65 retiree health benefits will no longer be provided after that date .in addition , the pre-65 retiree medical coverage subsidy has been frozen as of january 1 , 2019 , and the ability for retirees to opt in and out of this coverage , as well as pre-65 retiree dental and vision coverage , has also been eliminated .retirees must enroll in connection with retirement for such coverage , or they lose eligibility .these plan changes reduced our retiree medical benefit obligation by approximately $ 99 million .plan investment policies and strategies 2013 the investment policies for our u.s .and international pension plan assets reflect the funded status of the plans and expectations regarding our future ability to make further contributions .long-term investment goals are to : ( 1 ) manage the assets in accordance with applicable legal requirements ; ( 2 ) produce investment returns which meet or exceed the rates of return achievable in the capital markets while maintaining the risk parameters set by the plan's investment committees and protecting the assets from any erosion of purchasing power ; and ( 3 ) position the portfolios with a long-term risk/ return orientation .investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies .u.s .plan 2013 the plan 2019s current targeted asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) other fixed income securities .over time , as the plan 2019s funded ratio ( as defined by the investment policy ) improves , in order to reduce volatility in returns and to better match the plan 2019s liabilities , the allocation to equity securities will decrease while the amount allocated to fixed income securities will increase .the plan's assets are managed by a third-party investment manager .international plan 2013 our international plan's target asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) fixed income securities .the plan assets are invested in ten separate portfolios , mainly pooled fund vehicles , managed by several professional investment managers whose performance is measured independently by a third-party asset servicing consulting fair value measurements 2013 plan assets are measured at fair value .the following provides a description of the valuation techniques employed for each major plan asset class at december 31 , 2018 and 2017 .cash and cash equivalents 2013 cash and cash equivalents are valued using a market approach and are considered level 1 .equity securities 2013 investments in common stock are valued using a market approach at the closing price reported in an active market and are therefore considered level 1 .private equity investments include interests in limited partnerships which are valued based on the sum of the estimated fair values of the investments held by each partnership , determined using a combination of market , income and cost approaches , plus working capital , adjusted for liabilities , currency translation and estimated performance incentives .these private equity investments are considered level 3 .investments in pooled funds are valued using a market approach , these various funds consist of equity with underlying investments held in u.s .and non-u.s .securities .the pooled funds are benchmarked against a relative public index and are considered level 2. .
|
was the ultimate trend rate greater in 2017 than in 2016?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
2007 annual report 39 corporate snap-on 2019s general corporate expenses totaled $ 53.8 million in 2006 , up from $ 46.4 million in 2005 , primarily due to $ 15.2 million of increased stock-based and performance-based incentive compensation , including $ 6.3 million from the january 1 , 2006 , adoption of sfas no .123 ( r ) .increased expenses in 2006 also included $ 4.2 million of higher insurance and other costs .these expense increases were partially offset by $ 9.5 million of benefits from rci initiatives .see note 13 to the consolidated financial statements for information on the company 2019s adoption of sfas no .123 ( r ) .financial condition snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing .snap-on believes that its cash from operations , coupled with its sources of borrowings , are sufficient to fund its anticipated requirements for working capital , capital expenditures , restructuring activities , acquisitions , common stock repurchases and dividend payments .due to snap-on 2019s credit rating over the years , external funds have been available at a reasonable cost .as of the close of business on february 15 , 2008 , snap-on 2019s long-term debt and commercial paper was rated a3 and p-2 by moody 2019s investors service and a- and a-2 by standard & poor 2019s .snap-on believes that the strength of its balance sheet , combined with its cash flows from operating activities , affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions .the following discussion focuses on information included in the accompanying consolidated balance sheets .snap-on has been focused on improving asset utilization by making more effective use of its investment in certain working capital items .the company assesses management 2019s operating performance and effectiveness relative to those components of working capital , particularly accounts receivable and inventories , that are more directly impacted by operational decisions .as of december 29 , 2007 , working capital ( current assets less current liabilities ) of $ 548.2 million was up $ 117.0 million from $ 431.2 million as of december 30 , 2006 .the increase in year-over-year working capital primarily reflects higher levels of 201ccash and cash equivalents 201d of $ 29.6 million , lower 201cnotes payable and current maturities of long-term debt 201d of $ 27.7 million , and $ 27.7 million of increased 201caccounts receivable 2013 net of allowances . 201d the following represents the company 2019s working capital position as of december 29 , 2007 , and december 30 , 2006 .( amounts in millions ) 2007 2006 .
[['( amounts in millions ) ad', '2007', '2006'], ['cash and cash equivalents', '$ 93.0', '$ 63.4'], ['accounts receivable 2013 net of allowances', '586.9', '559.2'], ['inventories', '322.4', '323.0'], ['other current assets', '185.1', '167.6'], ['total current assets', '1187.4', '1113.2'], ['accounts payable', '-171.6 ( 171.6 )', '-178.8 ( 178.8 )'], ['notes payable and current maturities of long-term debt', '-15.9 ( 15.9 )', '-43.6 ( 43.6 )'], ['other current liabilities', '-451.7 ( 451.7 )', '-459.6 ( 459.6 )'], ['total current liabilities', '-639.2 ( 639.2 )', '-682.0 ( 682.0 )'], ['total working capital', '$ 548.2', '$ 431.2']]
accounts receivable at the end of 2007 was $ 586.9 million , up $ 27.7 million from year-end 2006 levels .the year-over- year increase in accounts receivable primarily reflects the impact of higher sales in the fourth quarter of 2007 and $ 25.1 million of currency translation .this increase in accounts receivable was partially offset by lower levels of receivables as a result of an improvement in days sales outstanding from 76 days at year-end 2006 to 73 days at year-end 2007. .
|
what is the percentage change in total current assets from 2006 to 2007?
|
6.7%
|
{
"answer": "6.7%",
"decimal": 0.067,
"type": "percentage"
}
| |
operating profit for the segment increased 10% ( 10 % ) in 2009 compared to 2008 .the growth in operating profit primarily was due to increases in air mobility and other aeronautics programs .the $ 70 million increase in air mobility 2019s operating profit primarily was due to the higher volume on c-130j deliveries and c-130 support programs .in other aeronautics programs , operating profit increased $ 120 million , which mainly was attributable to improved performance in sustainment activities and higher volume on p-3 programs .additionally , the increase in operating profit included the favorable restructuring of a p-3 modification contract in 2009 .combat aircraft 2019s operating profit decreased $ 22 million during the year primarily due to a reduction in the level of favorable performance adjustments on f-16 programs in 2009 compared to 2008 and lower volume on other combat aircraft programs .these decreases more than offset increased operating profit resulting from higher volume and improved performance on the f-35 program and an increase in the level of favorable performance adjustments on the f-22 program in 2009 compared to 2008 .the remaining change in operating profit is attributable to a decrease in other income , net , between the comparable periods .backlog increased in 2010 compared to 2009 mainly due to orders exceeding sales on the c-130j , f-35 and c-5 programs , which partially were offset by higher sales volume compared to new orders on the f-22 program in 2010 .backlog decreased in 2009 compared to 2008 mainly due to sales exceeding orders on the f-22 and f-35 programs , which partially were offset by orders exceeding sales on the c-130j and c-5 programs .we expect aeronautics will have sales growth in the upper single digit percentage range for 2011 as compared to 2010 .this increase primarily is driven by growth on f-35 low rate initial production ( lrip ) contracts , c-130j and c-5 rerp programs that will more than offset a decline on the f-22 program .operating profit is projected to increase at a mid single digit percentage rate above 2010 levels , resulting in a decline in operating margins between the years .similar to the relationship of operating margins from 2009 to 2010 discussed above , the expected operating margin decrease from 2010 to 2011 reflects the trend of aeronautics performing more development and initial production work on the f-35 program and is performing less work on more mature programs such as the f-22 and f-16 , even though sales are expected to increase in 2011 relative to 2010 .electronic systems our electronic systems business segment manages complex programs and designs , develops , produces , and integrates hardware and software solutions to ensure the mission readiness of armed forces and government agencies worldwide .the segment 2019s three lines of business are mission systems & sensors ( ms2 ) , missiles & fire control ( m&fc ) , and global training & logistics ( gt&l ) .with such a broad portfolio of programs to provide products and services , many of its activities involve a combination of both development and production contracts with varying delivery schedules .some of its more significant programs , including the thaad system , the aegis weapon system , and the littoral combat ship program , demonstrate the diverse products and services electronic systems provides .electronic systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 .
[['( in millions )', '2010', '2009', '2008'], ['net sales', '$ 14363', '$ 13532', '$ 12803'], ['operating profit', '1712', '1660', '1583'], ['operating margin', '11.9% ( 11.9 % )', '12.3% ( 12.3 % )', '12.4% ( 12.4 % )'], ['backlog at year-end', '23200', '23100', '23500']]
net sales for electronic systems increased by 6% ( 6 % ) in 2010 compared to 2009 .sales increased in all three lines of business during the year .the $ 421 million increase at gt&l primarily was due to growth on readiness and stability operations , which partially was offset by lower volume on simulation & training programs .the $ 316 million increase at m&fc primarily was due to higher volume on tactical missile and air defense programs , which partially was offset by a decline in volume on fire control systems .the $ 94 million increase at ms2 mainly was due to higher volume on surface naval warfare , ship & aviation systems , and radar systems programs , which partially was offset by lower volume on undersea warfare programs .net sales for electronic systems increased by 6% ( 6 % ) in 2009 compared to 2008 .sales increases in m&fc and gt&l more than offset a decline in ms2 .the $ 429 million increase in sales at m&fc primarily was due to growth on tactical missile programs and fire control systems .the $ 355 million increase at gt&l primarily was due to growth on simulation and training activities and readiness and stability operations .the increase in simulation and training also included sales from the first quarter 2009 acquisition of universal systems and technology , inc .the $ 55 million decrease at ms2 mainly was due to lower volume on ship & aviation systems and undersea warfare programs , which partially were offset by higher volume on radar systems and surface naval warfare programs. .
|
what were average net sales for electronic systems in millions from 2008 to 2010?
|
13566
|
{
"answer": "13566",
"decimal": 13566,
"type": "float"
}
| |
notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) typically , the company hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases over a time horizon of up to 6 months .derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent 2 month time period .deferred gains and losses in other comprehensive income associated with such derivative instruments are immediately reclassified into earnings in other income and expense .any subsequent changes in fair value of such derivative instruments are also reflected in current earnings unless they are re-designated as hedges of other transactions .the company recognized net gains of approximately $ 672000 and $ 421000 in 2007 and 2006 , respectively , and a net loss of $ 1.6 million in 2005 in other income and expense related to the loss of hedge designation on discontinued cash flow hedges due to changes in the company 2019s forecast of future net sales and cost of sales and due to prevailing market conditions .as of september 29 , 2007 , the company had a net deferred gain associated with cash flow hedges of approximately $ 468000 , net of taxes , substantially all of which is expected to be reclassified to earnings by the end of the second quarter of fiscal 2008 .the net gain or loss on the effective portion of a derivative instrument designated as a net investment hedge is included in the cumulative translation adjustment account of accumulated other comprehensive income within shareholders 2019 equity .for the years ended september 29 , 2007 and september 30 , 2006 , the company had a net loss of $ 2.6 million and a net gain of $ 7.4 million , respectively , included in the cumulative translation adjustment .the company may also enter into foreign currency forward and option contracts to offset the foreign exchange gains and losses generated by the re-measurement of certain assets and liabilities recorded in non-functional currencies .changes in the fair value of these derivatives are recognized in current earnings in other income and expense as offsets to the changes in the fair value of the related assets or liabilities .due to currency market movements , changes in option time value can lead to increased volatility in other income and expense .note 3 2014consolidated financial statement details ( in millions ) other current assets .
[['', '2007', '2006'], ['vendor non-trade receivables', '$ 2392', '$ 1593'], ['nand flash memory prepayments', '417', '208'], ['other current assets', '996', '469'], ['total other current assets', '$ 3805', '$ 2270']]
.
|
what was the largest amount of other current assets?
|
996
|
{
"answer": "996",
"decimal": 996,
"type": "float"
}
| |
liquidity and capital resources we maintained a strong financial position throughout 2018 and as of 30 september 2018 our consolidated balance sheet included cash and cash items of $ 2791.3 .we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future .as of 30 september 2018 , we had $ 995.1 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2791.3 .as a result of the tax act , we currently do not expect that a significant portion of the earnings of our foreign subsidiaries and affiliates will be subject to u.s .income tax upon subsequent repatriation to the united states .depending on the country in which the subsidiaries and affiliates reside , the repatriation of these earnings may be subject to foreign withholding and other taxes .however , since we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s .refer to note 22 , income taxes , for additional information .our cash flows from operating , investing , and financing activities from continuing operations , as reflected in the consolidated statements of cash flows , are summarized in the following table: .
[['cash provided by ( used for )', '2018', '2017', '2016'], ['operating activities', '$ 2554.7', '$ 2534.1', '$ 2258.8'], ['investing activities', '-1649.1 ( 1649.1 )', '-1417.7 ( 1417.7 )', '-864.8 ( 864.8 )'], ['financing activities', '-1359.8 ( 1359.8 )', '-2040.9 ( 2040.9 )', '-860.2 ( 860.2 )']]
operating activities for the year ended 2018 , cash provided by operating activities was $ 2554.7 .income from continuing operations of $ 1455.6 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , undistributed earnings of unconsolidated affiliates , share-based compensation , and noncurrent capital lease receivables .other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions .the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities .in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 .the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables .the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures .the use of cash in inventories primarily resulted from the purchase of helium molecules .in addition , inventories reflect the noncash impact of our change in accounting for u.s .inventories from lifo to fifo .the source of cash from other receivables of $ 123.6 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures for the year ended 2017 , cash provided by operating activities was $ 2534.1 .income from continuing operations of $ 1134.4 included a goodwill and intangible asset impairment charge of $ 162.1 , an equity method investment impairment charge of $ 79.5 , and a write-down of long-lived assets associated with restructuring of $ 69.2 .refer to note 5 , cost reduction and asset actions ; note 8 , summarized financial information of equity affiliates ; note 10 , goodwill ; and note 11 , intangible assets , of the consolidated financial statements for additional information on these charges .other adjustments of $ 165.4 included changes in uncertain tax positions and the fair value of foreign exchange contracts that hedge intercompany loans as well as pension contributions and expense .the working capital accounts were a source of cash of $ 48.0 that were primarily driven by payables and accrued liabilities and other receivables , partially offset by other working capital and trade receivables .the increase in payables and accrued liabilities of $ 163.8 was primarily due to timing differences related to payables and accrued liabilities and an increase in customer advances of $ 52.8 primarily related to sale of equipment activity .the source of cash from other receivables of $ 124.7 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures .other working capital was a use of cash of $ 154.0 , primarily driven by payments for income taxes .trade receivables was a use of cash of $ 73.6 which is primarily due to timing differences. .
|
what is the final amount of cash and cash equivalents in 2018?
|
-454.2
|
{
"answer": "-454.2",
"decimal": -454.2,
"type": "float"
}
|
it is the operating activities minus the investing and financing activities of the year 2018 .
|
disclosure of , the issuance of certain types of guarantees .the adoption of fasb interpretation no .45 did not have a signif- icant impact on the net income or equity of the company .in january 2003 , fasb interpretation no .46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued .the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights .the company has completed an analysis of this interpretation and has determined that it does not have any vies .4 .acquisitions family health plan , inc .effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc .of certain medicaid-related assets for a purchase price of approximately $ 6800 .the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values .hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 .the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit .group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) .the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 .the company paid $ 1800 for its purchase of gpa .the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized .the preliminary allocation has resulted in goodwill of approximately $ 3895 .the goodwill is not amortized and is not deductible for tax purposes .pro forma disclosures related to the acquisition have been excluded as immaterial .scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company .the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit .the investor group who held membership interests in scriptassist included one of the company 2019s executive officers .university health plans , inc .on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc .( uhp ) in new jersey .in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock .centene paid a total purchase price of $ 13258 .the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 .the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network .the intangibles are being amortized over a ten-year period .goodwill of $ 7940 is not amortized and is not deductible for tax purposes .changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities .the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 .these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. .
[['', '2002', '2001'], ['revenue', '$ 567048', '$ 395155'], ['net earnings', '25869', '11573'], ['diluted earnings per common share', '1.48', '1.00']]
diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas .the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit .bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 .the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value .centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .
|
what is the annual impact on pre tax net income from the goodwill in the hmo blue texas acquisition?\\n
|
209
|
{
"answer": "209",
"decimal": 209,
"type": "float"
}
| |
table of contents the following table presents certain payments due by the company under contractual obligations with minimum firm commitments as of september 28 , 2013 and excludes amounts already recorded on the consolidated balance sheet , except for long-term debt ( in millions ) : lease commitments the company 2019s major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 28 , 2013 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.7 billion , of which $ 3.5 billion related to leases for retail space .purchase commitments with outsourcing partners and component suppliers the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts , and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 28 , 2013 , the company had outstanding off-balance sheet third- party manufacturing commitments and component purchase commitments of $ 18.6 billion .other obligations in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 1.3 billion as of september 28 , 2013 , that consisted mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations .the company 2019s other non-current liabilities in the consolidated balance sheets consist primarily of deferred tax liabilities , gross unrecognized tax benefits and the related gross interest and penalties .as of september 28 , 2013 , the company had non-current deferred tax liabilities of $ 16.5 billion .additionally , as of september 28 , 2013 , the company had gross unrecognized tax benefits of $ 2.7 billion and an additional $ 590 million for gross interest and penalties classified as non-current liabilities .at this time , the company is unable to make a reasonably reliable estimate of the timing of payments in individual years in connection with these tax liabilities ; therefore , such amounts are not included in the above contractual obligation table .indemnification 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 payments due in than 1 payments due in payments due in payments due in than 5 years total .
[['', 'payments due in less than1 year', 'payments due in 1-3 years', 'payments due in 4-5 years', 'payments due in more than5 years', 'total'], ['long-term debt', '$ 0', '$ 2500', '$ 6000', '$ 8500', '$ 17000'], ['operating leases', '610', '1200', '1056', '1855', '4721'], ['purchase obligations', '18616', '0', '0', '0', '18616'], ['other obligations', '1081', '248', '16', '3', '1348'], ['total', '$ 20307', '$ 3948', '$ 7072', '$ 10358', '$ 41685']]
.
|
what percentage of certain payments due by the company under contractual obligations consisted of purchase obligations?
|
44.7%
|
{
"answer": "44.7%",
"decimal": 0.447,
"type": "percentage"
}
| |
management 2019s discussion and analysis 2011 versus 2010 .net revenues in investing & lending were $ 2.14 billion and $ 7.54 billion for 2011 and 2010 , respectively .during 2011 , investing & lending results reflected an operating environment characterized by a significant decline in equity markets in europe and asia , and unfavorable credit markets that were negatively impacted by increased concerns regarding the weakened state of global economies , including heightened european sovereign debt risk .results for 2011 included a loss of $ 517 million from our investment in the ordinary shares of icbc and net gains of $ 1.12 billion from other investments in equities , primarily in private equities , partially offset by losses from public equities .in addition , investing & lending included net revenues of $ 96 million from debt securities and loans .this amount includes approximately $ 1 billion of unrealized losses related to relationship lending activities , including the effect of hedges , offset by net interest income and net gains from other debt securities and loans .results for 2011 also included other net revenues of $ 1.44 billion , principally related to our consolidated investment entities .results for 2010 included a gain of $ 747 million from our investment in the ordinary shares of icbc , a net gain of $ 2.69 billion from other investments in equities , a net gain of $ 2.60 billion from debt securities and loans and other net revenues of $ 1.51 billion , principally related to our consolidated investment entities .the net gain from other investments in equities was primarily driven by an increase in global equity markets , which resulted in appreciation of both our public and private equity positions and provided favorable conditions for initial public offerings .the net gains and net interest from debt securities and loans primarily reflected the impact of tighter credit spreads and favorable credit markets during the year , which provided favorable conditions for borrowers to refinance .operating expenses were $ 2.67 billion for 2011 , 20% ( 20 % ) lower than 2010 , due to decreased compensation and benefits expenses , primarily resulting from lower net revenues .this decrease was partially offset by the impact of impairment charges related to consolidated investments during 2011 .pre-tax loss was $ 531 million in 2011 , compared with pre-tax earnings of $ 4.18 billion in 2010 .investment management investment management provides investment management services and offers investment products ( primarily through separately managed accounts and commingled vehicles , such as mutual funds and private investment funds ) across all major asset classes to a diverse set of institutional and individual clients .investment management also offers wealth advisory services , including portfolio management and financial counseling , and brokerage and other transaction services to high-net-worth individuals and families .assets under supervision include assets under management and other client assets .assets under management include client assets where we earn a fee for managing assets on a discretionary basis .this includes net assets in our mutual funds , hedge funds , credit funds and private equity funds ( including real estate funds ) , and separately managed accounts for institutional and individual investors .other client assets include client assets invested with third-party managers , private bank deposits and assets related to advisory relationships where we earn a fee for advisory and other services , but do not have discretion over the assets .assets under supervision do not include the self-directed brokerage accounts of our clients .assets under management and other client assets typically generate fees as a percentage of net asset value , which vary by asset class and are affected by investment performance as well as asset inflows and redemptions .in certain circumstances , we are also entitled to receive incentive fees based on a percentage of a fund 2019s return or when the return exceeds a specified benchmark or other performance targets .incentive fees are recognized only when all material contingencies are resolved .the table below presents the operating results of our investment management segment. .
[['in millions', 'year ended december 2012', 'year ended december 2011', 'year ended december 2010'], ['management and other fees', '$ 4105', '$ 4188', '$ 3956'], ['incentive fees', '701', '323', '527'], ['transaction revenues', '416', '523', '531'], ['total net revenues', '5222', '5034', '5014'], ['operating expenses', '4294', '4020', '4082'], ['pre-tax earnings', '$ 928', '$ 1014', '$ 932']]
56 goldman sachs 2012 annual report .
|
what percentage of total net revenues in the investment management segment in 2012 where due to management and other fees?
|
79%
|
{
"answer": "79%",
"decimal": 0.79,
"type": "percentage"
}
| |
the second largest closed-end fund manager and a top- ten manager by aum and 2013 net flows of long-term open-end mutual funds1 .in 2013 , we were also the leading manager by net flows for long-dated fixed income mutual funds1 .2022 we have fully integrated our legacy retail and ishares retail distribution teams to create a unified client-facing presence .as retail clients increasingly use blackrock 2019s capabilities in combination 2014 active , alternative and passive 2014 it is a strategic priority for blackrock to coherently deliver these capabilities through one integrated team .2022 international retail long-term net inflows of $ 17.5 billion , representing 15% ( 15 % ) organic growth , were positive across major regions and diversified across asset classes .equity net inflows of $ 6.4 billion were driven by strong demand for our top-performing european equities franchise as investor risk appetite for the sector improved .multi-asset class and fixed income products each generated net inflows of $ 4.8 billion , as investors looked to manage duration and volatility in their portfolios .in 2013 , we were ranked as the third largest cross border fund provider2 .in the united kingdom , we ranked among the five largest fund managers2 .ishares .
[['( in millions )', 'component changes in aum 2014 ishares 12/31/2012', 'component changes in aum 2014 ishares net new business', 'component changes in aum 2014 ishares acquisition ( 1 )', 'component changes in aum 2014 ishares market / fx', 'component changes in aum 2014 ishares 12/31/2013'], ['equity', '$ 534648', '$ 74119', '$ 13021', '$ 96347', '$ 718135'], ['fixed income', '192852', '-7450 ( 7450 )', '1294', '-7861 ( 7861 )', '178835'], ['multi-asset class', '869', '355', '2014', '86', '1310'], ['alternatives ( 2 )', '24337', '-3053 ( 3053 )', '1645', '-6837 ( 6837 )', '16092'], ['total ishares', '$ 752706', '$ 63971', '$ 15960', '$ 81735', '$ 914372']]
alternatives ( 2 ) 24337 ( 3053 ) 1645 ( 6837 ) 16092 total ishares $ 752706 $ 63971 $ 15960 $ 81735 $ 914372 ( 1 ) amounts represent $ 16.0 billion of aum acquired in the credit suisse etf acquisition in july 2013 .( 2 ) amounts include commodity ishares .ishares is the leading etf provider in the world , with $ 914.4 billion of aum at december 31 , 2013 , and was the top asset gatherer globally in 20133 with $ 64.0 billion of net inflows for an organic growth rate of 8% ( 8 % ) .equity net inflows of $ 74.1 billion were driven by flows into funds with broad developed market exposures , partially offset by outflows from emerging markets products .ishares fixed income experienced net outflows of $ 7.5 billion , as the continued low interest rate environment led many liquidity-oriented investors to sell long-duration assets , which made up the majority of the ishares fixed income suite .in 2013 , we launched several funds to meet demand from clients seeking protection in a rising interest rate environment by offering an expanded product set that includes four new u.s .funds , including short-duration versions of our flagship high yield and investment grade credit products , and short maturity and liquidity income funds .ishares alternatives had $ 3.1 billion of net outflows predominantly out of commodities .ishares represented 23% ( 23 % ) of long-term aum at december 31 , 2013 and 35% ( 35 % ) of long-term base fees for ishares offers the most diverse product set in the industry with 703 etfs at year-end 2013 , and serves the broadest client base , covering more than 25 countries on five continents .during 2013 , ishares continued its dual commitment to innovation and responsible product structuring by introducing 42 new etfs , acquiring credit suisse 2019s 58 etfs in europe and entering into a critical new strategic alliance with fidelity investments to deliver fidelity 2019s more than 10 million clients increased access to ishares products , tools and support .our alliance with fidelity investments and a successful full first year for the core series have deeply expanded our presence and offerings among buy-and-hold investors .our broad product range offers investors a precise , transparent and low-cost way to tap market returns and gain access to a full range of asset classes and global markets that have been difficult or expensive for many investors to access until now , as well as the liquidity required to make adjustments to their exposures quickly and cost-efficiently .2022 u.s .ishares aum ended at $ 655.6 billion with $ 41.4 billion of net inflows driven by strong demand for developed markets equities and short-duration fixed income .during the fourth quarter of 2012 , we debuted the core series in the united states , designed to provide the essential building blocks for buy-and-hold investors to use in constructing the core of their portfolio .the core series demonstrated solid results in its first full year , raising $ 20.0 billion in net inflows , primarily in u.s .equities .in the united states , ishares maintained its position as the largest etf provider , with 39% ( 39 % ) share of aum3 .2022 international ishares aum ended at $ 258.8 billion with robust net new business of $ 22.6 billion led by demand for european and japanese equities , as well as a diverse range of fixed income products .at year-end 2013 , ishares was the largest european etf provider with 48% ( 48 % ) of aum3 .1 simfund 2 lipper feri 3 blackrock ; bloomberg .
|
without the net new business led by demand for european and japanese equities , what was the value of international shares ? in billion $ ?
|
236.2
|
{
"answer": "236.2",
"decimal": 236.2,
"type": "float"
}
| |
contractual cash flows following is a summary of our contractual payment obligations related to our consolidated debt , contingent consideration , operating leases , other commitments and long-term liabilities at september 30 , 2011 ( see notes 9 and 13 to the consolidated financial statements contained this annual report ) , ( in thousands ) : .
[['obligation', 'payments due by period total', 'payments due by period less than 1year', 'payments due by period 1-3 years', 'payments due by period 3-5 years', 'payments due by period thereafter'], ['short-term debt obligations', '$ 26677', '$ 26677', '$ 2014', '$ 2014', '$ 2014'], ['cash premium on convertible notes due march 2012 ( 1 )', '23558', '23558', '2014', '2014', '2014'], ['other commitments ( 2 )', '5170', '3398', '1772', '2014', '2014'], ['operating lease obligations', '37788', '8247', '13819', '9780', '5942'], ['contingent consideration for business combinations ( 3 )', '59400', '58400', '1000', '2014', '2014'], ['other long-term liabilities ( 4 )', '34199', '2683', '769', '146', '30601'], ['total ( 5 )', '$ 186792', '$ 122963', '$ 17360', '$ 9926', '$ 36543']]
( 1 ) cash premiums related to the 201cif converted 201d value of the 2007 convertible notes that exceed aggregate principal balance using the closing stock price of $ 17.96 on september 30 , 2011 .the actual amount of the cash premium will be calculated based on the 20 day average stock price prior to maturity .a $ 1.00 change in our stock price would change the 201cif converted 201d value of the cash premium of the total aggregate principle amount of the remaining convertible notes by approximately $ 2.8 million .( 2 ) other commitments consist of contractual license and royalty payments , and other purchase obligations .( 3 ) contingent consideration related to business combinations is recorded at fair value and actual results could differ .( 4 ) other long-term liabilities includes our gross unrecognized tax benefits , as well as executive deferred compensation which are both classified as beyond five years due to the uncertain nature of the commitment .( 5 ) amounts do not include potential cash payments for the pending acquisition of aati .critical accounting estimates the discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements , which have been prepared in accordance with gaap .the preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities .the sec has defined critical accounting policies as those that are both most important to the portrayal of our financial condition and results and which require our most difficult , complex or subjective judgments or estimates .based on this definition , we believe our critical accounting policies include the policies of revenue recognition , allowance for doubtful accounts , inventory valuation , business combinations , valuation of long-lived assets , share-based compensation , income taxes , goodwill and intangibles , and loss contingencies .on an ongoing basis , we evaluate the judgments and estimates underlying all of our accounting policies .these estimates and the underlying assumptions affect the amounts of assets and liabilities reported , disclosures , and reported amounts of revenues and expenses .these estimates and assumptions are based on our best judgments .we evaluate our estimates and assumptions using historical experience and other factors , including the current economic environment , which we believe to be reasonable under the circumstances .we adjust such estimates and assumptions when facts and circumstances dictate .as future events and their effects cannot be determined with precision , actual results could differ significantly from these estimates .page 80 skyworks / annual report 2011 .
|
what is the total value of operating lease obligations that are due within the next 5 years?
|
31846
|
{
"answer": "31846",
"decimal": 31846,
"type": "float"
}
| |
part ii were issued in an initial aggregate principal amount of $ 500 million at a 2.25% ( 2.25 % ) fixed , annual interest rate and will mature on may 1 , 2023 .the 2043 senior notes were issued in an initial aggregate principal amount of $ 500 million at a 3.625% ( 3.625 % ) fixed , annual interest rate and will mature on may 1 , 2043 .interest on the senior notes is payable semi-annually on may 1 and november 1 of each year .the issuance resulted in gross proceeds before expenses of $ 998 million .on november 1 , 2011 , we entered into a committed credit facility agreement with a syndicate of banks which provides for up to $ 1 billion of borrowings with the option to increase borrowings to $ 1.5 billion with lender approval .the facility matures november 1 , 2017 .as of and for the periods ended may 31 , 2015 and 2014 , we had no amounts outstanding under our committed credit facility .we currently have long-term debt ratings of aa- and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively .if our long- term debt ratings were to decline , the facility fee and interest rate under our committed credit facility would increase .conversely , if our long-term debt rating were to improve , the facility fee and interest rate would decrease .changes in our long-term debt rating would not trigger acceleration of maturity of any then-outstanding borrowings or any future borrowings under the committed credit facility .under this committed revolving credit facility , we have agreed to various covenants .these covenants include limits on our disposal of fixed assets , the amount of debt secured by liens we may incur , as well as a minimum capitalization ratio .in the event we were to have any borrowings outstanding under this facility and failed to meet any covenant , and were unable to obtain a waiver from a majority of the banks in the syndicate , any borrowings would become immediately due and payable .as of may 31 , 2015 , we were in full compliance with each of these covenants and believe it is unlikely we will fail to meet any of these covenants in the foreseeable future .liquidity is also provided by our $ 1 billion commercial paper program .during the year ended may 31 , 2015 , we did not issue commercial paper , and as of may 31 , 2015 , there were no outstanding borrowings under this program .we may issue commercial paper or other debt securities during fiscal 2016 depending on general corporate needs .we currently have short-term debt ratings of a1+ and p1 from standard and poor 2019s corporation and moody 2019s investor services , respectively .as of may 31 , 2015 , we had cash , cash equivalents and short-term investments totaling $ 5.9 billion , of which $ 4.2 billion was held by our foreign subsidiaries .included in cash and equivalents as of may 31 , 2015 was $ 968 million of cash collateral received from counterparties as a result of hedging activity .cash equivalents and short-term investments consist primarily of deposits held at major banks , money market funds , commercial paper , corporate notes , u.s .treasury obligations , u.s .government sponsored enterprise obligations and other investment grade fixed income securities .our fixed income investments are exposed to both credit and interest rate risk .all of our investments are investment grade to minimize our credit risk .while individual securities have varying durations , as of may 31 , 2015 the weighted average remaining duration of our short-term investments and cash equivalents portfolio was 79 days .to date we have not experienced difficulty accessing the credit markets or incurred higher interest costs .future volatility in the capital markets , however , may increase costs associated with issuing commercial paper or other debt instruments or affect our ability to access those markets .we believe that existing cash , cash equivalents , short-term investments and cash generated by operations , together with access to external sources of funds as described above , will be sufficient to meet our domestic and foreign capital needs in the foreseeable future .we utilize a variety of tax planning and financing strategies to manage our worldwide cash and deploy funds to locations where they are needed .we routinely repatriate a portion of our foreign earnings for which u.s .taxes have previously been provided .we also indefinitely reinvest a significant portion of our foreign earnings , and our current plans do not demonstrate a need to repatriate these earnings .should we require additional capital in the united states , we may elect to repatriate indefinitely reinvested foreign funds or raise capital in the united states through debt .if we were to repatriate indefinitely reinvested foreign funds , we would be required to accrue and pay additional u.s .taxes less applicable foreign tax credits .if we elect to raise capital in the united states through debt , we would incur additional interest expense .off-balance sheet arrangements in connection with various contracts and agreements , we routinely provide indemnification relating to the enforceability of intellectual property rights , coverage for legal issues that arise and other items where we are acting as the guarantor .currently , we have several such agreements in place .however , based on our historical experience and the estimated probability of future loss , we have determined that the fair value of such indemnification is not material to our financial position or results of operations .contractual obligations our significant long-term contractual obligations as of may 31 , 2015 and significant endorsement contracts , including related marketing commitments , entered into through the date of this report are as follows: .
[['description of commitment ( in millions )', 'description of commitment 2016', 'description of commitment 2017', 'description of commitment 2018', 'description of commitment 2019', 'description of commitment 2020', 'description of commitment thereafter', 'total'], ['operating leases', '$ 447', '$ 423', '$ 371', '$ 311', '$ 268', '$ 1154', '$ 2974'], ['capital leases', '2', '2', '1', '2014', '2014', '2014', '5'], ['long-term debt ( 1 )', '142', '77', '55', '36', '36', '1451', '1797'], ['endorsement contracts ( 2 )', '1009', '919', '882', '706', '533', '2143', '6192'], ['product purchase obligations ( 3 )', '3735', '2014', '2014', '2014', '2014', '2014', '3735'], ['other ( 4 )', '343', '152', '75', '72', '36', '92', '770'], ['total', '$ 5678', '$ 1573', '$ 1384', '$ 1125', '$ 873', '$ 4840', '$ 15473']]
( 1 ) the cash payments due for long-term debt include estimated interest payments .estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2015 ( if variable ) , timing of scheduled payments and the term of the debt obligations .( 2 ) the amounts listed for endorsement contracts represent approximate amounts of base compensation and minimum guaranteed royalty fees we are obligated to pay athlete , sport team and league endorsers of our products .actual payments under some contracts may be higher than the amounts listed as these contracts provide for bonuses to be paid to the endorsers based upon athletic achievements and/or royalties on product sales in future periods .actual payments under some contracts may also be lower as these contracts include provisions for reduced payments if athletic performance declines in future periods .in addition to the cash payments , we are obligated to furnish our endorsers with nike product for their use .it is not possible to determine how much we will spend on this product on an annual basis as the contracts generally do not stipulate a specific amount of cash to be spent on the product .the amount of product provided to the endorsers will depend on many factors , including general playing conditions , the number of sporting events in which they participate and our own decisions regarding product and marketing initiatives .in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers. .
|
what percentage of endorsement contracts is currently due after 2020?
|
35%
|
{
"answer": "35%",
"decimal": 0.35,
"type": "percentage"
}
| |
entergy new orleans , inc .management 2019s financial discussion and analysis also in addition to the contractual obligations , entergy new orleans has $ 53.7 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions .see note 3 to the financial statements for additional information regarding unrecognized tax benefits .the planned capital investment estimate for entergy new orleans reflects capital required to support existing business .the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , changes in project plans , and the ability to access capital .management provides more information on long-term debt and preferred stock maturities in notes 5 and 6 and to the financial statements .as an indirect , wholly-owned subsidiary of entergy corporation , entergy new orleans pays dividends from its earnings at a percentage determined monthly .entergy new orleans 2019s long-term debt indentures contain restrictions on the payment of cash dividends or other distributions on its common and preferred stock .sources of capital entergy new orleans 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; and debt and preferred stock issuances .entergy new orleans may refinance , redeem , or otherwise retire debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable .entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years: .
[['2011', '2010', '2009', '2008'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 9074', '$ 21820', '$ 66149', '$ 60093']]
see note 4 to the financial statements for a description of the money pool .entergy new orleans has obtained short-term borrowing authorization from the ferc under which it may borrow through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 100 million .see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits .the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through july 2012 .entergy louisiana 2019s ninemile point unit 6 self-build project in june 2011 , entergy louisiana filed with the lpsc an application seeking certification that the public necessity and convenience would be served by entergy louisiana 2019s construction of a combined-cycle gas turbine generating facility ( ninemile 6 ) at its existing ninemile point electric generating station .ninemile 6 will be a nominally-sized 550 mw unit that is estimated to cost approximately $ 721 million to construct , excluding interconnection and transmission upgrades .entergy gulf states louisiana joined in the application , seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% ( 35 % ) of the capacity and energy generated by ninemile 6 .the ninemile 6 capacity and energy is proposed to be allocated 55% ( 55 % ) to entergy louisiana , 25% ( 25 % ) to entergy gulf states louisiana , and 20% ( 20 % ) to entergy new orleans .in february 2012 the city council passed a resolution authorizing entergy new orleans to purchase 20% ( 20 % ) of the ninemile 6 energy and capacity .if approvals are obtained from the lpsc and other permitting agencies , ninemile 6 construction is .
|
by what amount did the receivables from the money pool differ between 2010 and 2011?
|
12746
|
{
"answer": "12746",
"decimal": 12746,
"type": "float"
}
| |
entergy new orleans , inc .management's financial discussion and analysis ( 1 ) includes approximately $ 30 million annually for maintenance capital , which is planned spending on routine capital projects that are necessary to support reliability of service , equipment or systems and to support normal customer growth .( 2 ) purchase obligations represent the minimum purchase obligation or cancellation charge for contractual obligations to purchase goods or services .for entergy new orleans , almost all of the total consists of unconditional fuel and purchased power obligations , including its obligations under the unit power sales agreement , which is discussed in note 8 to the financial statements .in addition to the contractual obligations given above , entergy new orleans expects to make payments of approximately $ 113 million for the years 2009-2011 related to hurricane katrina and hurricane gustav restoration work and its gas rebuild project , of which $ 32 million is expected to be incurred in 2009 .also , entergy new orleans expects to contribute $ 1.7 million to its pension plan and $ 5.9 million to its other postretirement plans in 2009 .guidance pursuant to the pension protection act of 2006 rules , effective for the 2008 plan year and beyond , may affect the level of entergy new orleans' pension contributions in the future .also in addition to the contractual obligations , entergy new orleans has $ 26.1 million of unrecognized tax benefits and interest for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions .see note 3 to the financial statements for additional information regarding unrecognized tax benefits .the planned capital investment estimate for entergy new orleans reflects capital required to support existing business .the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , and the ability to access capital .management provides more information on long-term debt and preferred stock maturities in notes 5 and 6 and to the financial statements .sources of capital entergy new orleans' sources to meet its capital requirements include : internally generated funds ; cash on hand ; and debt and preferred stock issuances .entergy new orleans' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
[['2008', '2007', '2006', '2005'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 60093', '$ 47705', '( $ 37166 )', '( $ 37166 )']]
see note 4 to the financial statements for a description of the money pool .as discussed above in "bankruptcy proceedings" , entergy new orleans issued notes due in three years in satisfaction of its affiliate prepetition accounts payable , including its indebtedness to the entergy system money pool of $ 37.2 million .entergy new orleans has obtained short-term borrowing authorization from the ferc under which it may borrow through march 2010 , up to the aggregate amount , at any one time outstanding , of $ 100 million .see note 4 to the financial statements for further discussion of entergy new orleans' short-term borrowing limits .the long- term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through august 2010. .
|
how is cash flow of entergy new orleans affected by the change in balance of money pool from 2007 to 2008 , in thousands?
|
-12388
|
{
"answer": "-12388",
"decimal": -12388,
"type": "float"
}
| |
westrock company notes to consolidated financial statements 2014 ( continued ) our results of operations for the fiscal years ended september 30 , 2019 , 2018 and 2017 include share-based compensation expense of $ 64.2 million , $ 66.8 million and $ 60.9 million , respectively , including $ 2.9 million included in the gain on sale of hh&b in fiscal 2017 .share-based compensation expense in fiscal 2017 was reduced by $ 5.4 million for the rescission of shares granted to our ceo that were inadvertently granted in excess of plan limits in fiscal 2014 and 2015 .the total income tax benefit in the results of operations in connection with share-based compensation was $ 16.3 million , $ 19.4 million and $ 22.5 million , for the fiscal years ended september 30 , 2019 , 2018 and 2017 , respectively .cash received from share-based payment arrangements for the fiscal years ended september 30 , 2019 , 2018 and 2017 was $ 61.5 million , $ 44.4 million and $ 59.2 million , respectively .equity awards issued in connection with acquisitions in connection with the kapstone acquisition , we replaced certain outstanding awards of restricted stock units granted under the kapstone long-term incentive plan with westrock stock options and restricted stock units .no additional shares will be granted under the kapstone plan .the kapstone equity awards were replaced with awards with identical terms utilizing an approximately 0.83 conversion factor as described in the merger agreement .the acquisition consideration included approximately $ 70.8 million related to outstanding kapstone equity awards related to service prior to the effective date of the kapstone acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards .as part of the kapstone acquisition , we issued 2665462 options that were valued at a weighted average fair value of $ 20.99 per share using the black-scholes option pricing model .the weighted average significant assumptions used were: .
[['', '2019'], ['expected term in years', '3.1'], ['expected volatility', '27.7% ( 27.7 % )'], ['risk-free interest rate', '3.0% ( 3.0 % )'], ['dividend yield', '4.1% ( 4.1 % )']]
in connection with the mps acquisition , we replaced certain outstanding awards of restricted stock units granted under the mps long-term incentive plan with westrock restricted stock units .no additional shares will be granted under the mps plan .the mps equity awards were replaced with identical terms utilizing an approximately 0.33 conversion factor as described in the merger agreement .as part of the mps acquisition , we granted 119373 awards of restricted stock units , which contain service conditions and were valued at $ 54.24 per share .the acquisition consideration included approximately $ 1.9 million related to outstanding mps equity awards related to service prior to the effective date of the mps acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards .stock options and stock appreciation rights stock options granted under our plans generally have an exercise price equal to the closing market price on the date of the grant , generally vest in three years , in either one tranche or in approximately one-third increments , and have 10-year contractual terms .however , a portion of our grants are subject to earlier expense recognition due to retirement eligibility rules .presently , other than circumstances such as death , disability and retirement , grants will include a provision requiring both a change of control and termination of employment to accelerate vesting .at the date of grant , we estimate the fair value of stock options granted using a black-scholes option pricing model .we use historical data to estimate option exercises and employee terminations in determining the expected term in years for stock options .expected volatility is calculated based on the historical volatility of our stock .the risk-free interest rate is based on u.s .treasury securities in effect at the date of the grant of the stock options .the dividend yield is estimated based on our historic annual dividend payments and current expectations for the future .other than in connection with replacement awards in connection with acquisitions , we did not grant any stock options in fiscal 2019 , 2018 and 2017. .
|
what was the total value of the options issued in the kapstone acquisition ? ( $ )
|
55948047.38
|
{
"answer": "55948047.38",
"decimal": 55948047.38,
"type": "float"
}
| |
recourse and repurchase obligations as discussed in note 3 loans sale and servicing activities and variable interest entities , pnc has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement .one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions .commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s dus program .we participated in a similar program with the fhlmc .under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement .at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively .the potential maximum exposure under the loss share arrangements was $ 4.0 billion at both december 31 , 2011 and december 31 , 2010 .we maintain a reserve for estimated losses based upon our exposure .the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet .if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses .our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment .analysis of commercial mortgage recourse obligations .
[['in millions', '2011', '2010'], ['january 1', '$ 54', '$ 71'], ['reserve adjustments net', '1', '9'], ['losses 2013 loan repurchases and settlements', '-8 ( 8 )', '-2 ( 2 )'], ['loan sales', '', '-24 ( 24 )'], ['december 31', '$ 47', '$ 54']]
residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors .these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements .residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and whole-loan sale transactions .as discussed in note 3 in this report , agency securitizations consist of mortgage loans sale transactions with fnma , fhlmc , and gnma , while non-agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors .our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal .repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment .pnc 2019s repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition .pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of whole-loans sold in these transactions .repurchase activity associated with brokered home equity loans/lines is reported in the non-strategic assets portfolio segment .loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans to investors of sufficient investment quality .key aspects of such covenants and representations and warranties include the loan 2019s compliance with any applicable loan criteria established by the investor , including underwriting standards , delivery of all required loan documents to the investor or its designated party , sufficient collateral valuation , and the validity of the lien securing the loan .as a result of alleged breaches of these contractual obligations , investors may request pnc to indemnify them against losses on certain loans or to repurchase loans .these investor indemnification or 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 .indemnifications for loss or loan repurchases typically occur when , after review of the claim , we agree insufficient evidence exists to dispute the investor 2019s claim that a breach of a loan covenant and representation and warranty has occurred , such breach has not been cured , and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan .depending on the sale agreement and upon proper notice from the investor , we typically respond to such indemnification and repurchase requests within 60 days , although final resolution of the claim may take a longer period of time .with the exception of the sales the pnc financial services group , inc .2013 form 10-k 199 .
|
if there were no loan sales in 2010 , what would the total amount of reserves available be , in millions , combined in 2010 and 2011 .
|
125
|
{
"answer": "125",
"decimal": 125,
"type": "float"
}
|
add the 24m from the loan sales to the total number
|
management 2019s discussion and analysis 132 jpmorgan chase & co./2010 annual report unpaid principal balance due to negative amortization of option arms was $ 24 million and $ 78 million at december 31 , 2010 and 2009 , respectively .the firm estimates the following balances of option arm loans will experience a recast that results in a payment increase : $ 72 million in 2011 , $ 241 million in 2012 and $ 784 million in 2013 .the firm did not originate option arms and new originations of option arms were discontinued by washington mutual prior to the date of jpmorgan chase 2019s acquisition of its banking operations .subprime mortgages at december 31 , 2010 were $ 11.3 billion , compared with $ 12.5 billion at december 31 , 2009 .the decrease was due to paydowns and charge-offs on delinquent loans , partially offset by the addition of loans as a result of the adoption of the accounting guidance related to vies .late-stage delinquencies remained elevated but continued to improve , albeit at a slower rate during the second half of the year , while early-stage delinquencies stabilized at an elevated level during this period .nonaccrual loans improved largely as a result of the improvement in late-stage delinquencies .charge-offs reflected modest improvement .auto : auto loans at december 31 , 2010 , were $ 48.4 billion , compared with $ 46.0 billion at december 31 , 2009 .delinquent and nonaccrual loans have decreased .in addition , net charge-offs have declined 52% ( 52 % ) from the prior year .provision expense de- creased due to favorable loss severity as a result of a strong used- car market nationwide and reduced loss frequency due to the tightening of underwriting criteria in earlier periods .the auto loan portfolio reflected a high concentration of prime quality credits .business banking : business banking loans at december 31 , 2010 , were $ 16.8 billion , compared with $ 17.0 billion at december 31 , 2009 .the decrease was primarily a result of run-off of the washington mutual portfolio and charge-offs on delinquent loans .these loans primarily include loans which are highly collateralized , often with personal loan guarantees .nonaccrual loans continued to remain elevated .after having increased during the first half of 2010 , nonaccrual loans as of december 31 , 2010 , declined to year-end 2009 levels .student and other : student and other loans at december 31 , 2010 , including loans held-for-sale , were $ 15.3 billion , compared with $ 16.4 billion at december 31 , 2009 .other loans primarily include other secured and unsecured consumer loans .delinquencies reflected some stabilization in the second half of 2010 , but remained elevated .charge-offs during 2010 remained relatively flat with 2009 levels reflecting the impact of elevated unemployment levels .purchased credit-impaired loans : pci loans at december 31 , 2010 , were $ 72.8 billion compared with $ 81.2 billion at december 31 , 2009 .this portfolio represents loans acquired in the washing- ton mutual transaction that were recorded at fair value at the time of acquisition .that fair value included an estimate of credit losses expected to be realized over the remaining lives of the loans , and therefore no allowance for loan losses was recorded for these loans as of the acquisition date .the firm regularly updates the amount of principal and interest cash flows expected to be collected for these loans .probable decreases in expected loan principal cash flows would trigger the recognition of impairment through the provision for loan losses .probable and significant increases in expected cash flows ( e.g. , decreased principal credit losses , the net benefit of modifications ) would first reverse any previously recorded allowance for loan losses , with any remaining increase in the expected cash flows recognized prospectively in interest income over the remaining estimated lives of the underlying loans .during 2010 , management concluded as part of the firm 2019s regular assessment of the pci pools that it was probable that higher expected principal credit losses would result in a decrease in expected cash flows .accordingly , the firm recognized an aggregate $ 3.4 billion impairment related to the home equity , prime mortgage , option arm and subprime mortgage pci portfolios .as a result of this impairment , the firm 2019s allowance for loan losses for the home equity , prime mortgage , option arm and subprime mortgage pci portfolios was $ 1.6 billion , $ 1.8 billion , $ 1.5 billion and $ 98 million , respectively , at december 31 , 2010 , compared with an allowance for loan losses of $ 1.1 billion and $ 491 million for the prime mortgage and option arm pci portfolios , respectively , at december 31 , 2009 .approximately 39% ( 39 % ) of the option arm borrowers were delinquent , 5% ( 5 % ) were making interest-only or negatively amortizing payments , and 56% ( 56 % ) were making amortizing payments .approximately 50% ( 50 % ) of current borrowers are subject to risk of payment shock due to future payment recast ; substantially all of the remaining loans have been modified to a fixed rate fully amortizing loan .the cumulative amount of unpaid interest added to the unpaid principal balance of the option arm pci pool was $ 1.4 billion and $ 1.9 billion at de- cember 31 , 2010 and 2009 , respectively .the firm estimates the following balances of option arm pci loans will experience a recast that results in a payment increase : $ 1.2 billion in 2011 , $ 2.7 billion in 2012 and $ 508 million in 2013 .the following table provides a summary of lifetime loss estimates included in both the nonaccretable difference and the allowance for loan losses .principal charge-offs will not be recorded on these pools until the nonaccretable difference has been fully depleted .lifetime loss estimates ( a ) ltd liquidation losses ( b ) .
[['december 31 ( in millions )', 'lifetime loss estimates ( a ) 2010', 'lifetime loss estimates ( a ) 2009', 'lifetime loss estimates ( a ) 2010', '2009'], ['option arms', '$ 11588', '$ 10650', '$ 4860', '$ 1744'], ['home equity', '14698', '13138', '8810', '6060'], ['prime mortgage', '4870', '4240', '1495', '794'], ['subprime mortgage', '3732', '3842', '1250', '796'], ['total', '$ 34888', '$ 31870', '$ 16415', '$ 9394']]
( a ) includes the original nonaccretable difference established in purchase accounting of $ 30.5 billion for principal losses only .the remaining nonaccretable difference for principal losses only was $ 14.1 billion and $ 21.1 billion at december 31 , 2010 and 2009 , respectively .all probable increases in principal losses and foregone interest subsequent to the purchase date are reflected in the allowance for loan losses .( b ) life-to-date ( 201cltd 201d ) liquidation losses represent realization of loss upon loan resolution. .
|
the nonaccretable difference for principal losses was how much of the 2010 lifetime loss estimates?
|
4.0%
|
{
"answer": "4.0%",
"decimal": 0.04,
"type": "percentage"
}
| |
see note 10 goodwill and other intangible assets for further discussion of the accounting for goodwill and other intangible assets .the estimated amount of rbc bank ( usa ) revenue and net income ( excluding integration costs ) included in pnc 2019s consolidated income statement for 2012 was $ 1.0 billion and $ 273 million , respectively .upon closing and conversion of the rbc bank ( usa ) transaction , subsequent to march 2 , 2012 , separate records for rbc bank ( usa ) as a stand-alone business have not been maintained as the operations of rbc bank ( usa ) have been fully integrated into pnc .rbc bank ( usa ) revenue and earnings disclosed above reflect management 2019s best estimate , based on information available at the reporting date .the following table presents certain unaudited pro forma information for illustrative purposes only , for 2012 and 2011 as if rbc bank ( usa ) had been acquired on january 1 , 2011 .the unaudited estimated pro forma information combines the historical results of rbc bank ( usa ) with the company 2019s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods .the pro forma information is not indicative of what would have occurred had the acquisition taken place on january 1 , 2011 .in particular , no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of january 1 , 2011 .the unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value .additionally , the pro forma financial information does not include the impact of possible business model changes and does not reflect pro forma adjustments to conform accounting policies between rbc bank ( usa ) and pnc .additionally , pnc expects to achieve further operating cost savings and other business synergies , including revenue growth , as a result of the acquisition that are not reflected in the pro forma amounts that follow .as a result , actual results will differ from the unaudited pro forma information presented .table 57 : rbc bank ( usa ) and pnc unaudited pro forma results .
[['in millions', 'for the year ended december 31 2012', 'for the year ended december 31 2011'], ['total revenues', '$ 15721', '$ 15421'], ['net income', '2989', '2911']]
in connection with the rbc bank ( usa ) acquisition and other prior acquisitions , pnc recognized $ 267 million of integration charges in 2012 .pnc recognized $ 42 million of integration charges in 2011 in connection with prior acquisitions .the integration charges are included in the table above .sale of smartstreet effective october 26 , 2012 , pnc divested certain deposits and assets of the smartstreet business unit , which was acquired by pnc as part of the rbc bank ( usa ) acquisition , to union bank , n.a .smartstreet is a nationwide business focused on homeowner or community association managers and had approximately $ 1 billion of assets and deposits as of september 30 , 2012 .the gain on sale was immaterial and resulted in a reduction of goodwill and core deposit intangibles of $ 46 million and $ 13 million , respectively .results from operations of smartstreet from march 2 , 2012 through october 26 , 2012 are included in our consolidated income statement .flagstar branch acquisition effective december 9 , 2011 , pnc acquired 27 branches in the northern metropolitan atlanta , georgia area from flagstar bank , fsb , a subsidiary of flagstar bancorp , inc .the fair value of the assets acquired totaled approximately $ 211.8 million , including $ 169.3 million in cash , $ 24.3 million in fixed assets and $ 18.2 million of goodwill and intangible assets .we also assumed approximately $ 210.5 million of deposits associated with these branches .no deposit premium was paid and no loans were acquired in the transaction .our consolidated income statement includes the impact of the branch activity subsequent to our december 9 , 2011 acquisition .bankatlantic branch acquisition effective june 6 , 2011 , we acquired 19 branches in the greater tampa , florida area from bankatlantic , a subsidiary of bankatlantic bancorp , inc .the fair value of the assets acquired totaled $ 324.9 million , including $ 256.9 million in cash , $ 26.0 million in fixed assets and $ 42.0 million of goodwill and intangible assets .we also assumed approximately $ 324.5 million of deposits associated with these branches .a $ 39.0 million deposit premium was paid and no loans were acquired in the transaction .our consolidated income statement includes the impact of the branch activity subsequent to our june 6 , 2011 acquisition .sale of pnc global investment servicing on july 1 , 2010 , we sold pnc global investment servicing inc .( gis ) , a leading provider of processing , technology and business intelligence services to asset managers , broker- dealers and financial advisors worldwide , for $ 2.3 billion in cash pursuant to a definitive agreement entered into on february 2 , 2010 .this transaction resulted in a pretax gain of $ 639 million , net of transaction costs , in the third quarter of 2010 .this gain and results of operations of gis through june 30 , 2010 are presented as income from discontinued operations , net of income taxes , on our consolidated income statement .as part of the sale agreement , pnc has agreed to provide certain transitional services on behalf of gis until completion of related systems conversion activities .138 the pnc financial services group , inc .2013 form 10-k .
|
what was the average , in millions , of pnc's total recognized integration charges from 2011-2012?
|
154.5
|
{
"answer": "154.5",
"decimal": 154.5,
"type": "float"
}
| |
kendal vroman , 39 mr .vroman has served as our managing director , commodity products , otc services & information products since february 2010 .mr .vroman previously served as managing director and chief corporate development officer from 2008 to 2010 .mr .vroman joined us in 2001 and since then has held positions of increasing responsibility , including most recently as managing director , corporate development and managing director , information and technology services .scot e .warren , 47 mr .warren has served as our managing director , equity index products and index services since february 2010 .mr .warren previously served as our managing director , equity products since joining us in 2007 .prior to that , mr .warren worked for goldman sachs as its president , manager trading and business analysis team .prior to goldman sachs , mr .warren managed equity and option execution and clearing businesses for abn amro in chicago and was a senior consultant for arthur andersen & co .for financial services firms .financial information about geographic areas due to the nature of its business , cme group does not track revenues based upon geographic location .we do , however , track trading volume generated outside of traditional u.s .trading hours and through our international telecommunication hubs .our customers can directly access our exchanges throughout the world .the following table shows the percentage of our total trading volume on our globex electronic trading platform generated during non-u.s .hours and through our international hubs. .
[['', '2010', '2009', '2008'], ['trading during non-u.s . hours', '13% ( 13 % )', '9% ( 9 % )', '11% ( 11 % )'], ['trading through telecommunication hubs', '8', '7', '8']]
available information our web site is www.cmegroup.com .information made available on our web site does not constitute part of this document .we make available on our web site our annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k and amendments to those reports as soon as reasonably practicable after we electronically file or furnish such materials to the sec .our corporate governance materials , including our corporate governance principles , director conflict of interest policy , board of directors code of ethics , categorical independence standards , employee code of conduct and the charters for all the standing committees of our board , may also be found on our web site .copies of these materials are also available to shareholders free of charge upon written request to shareholder relations and member services , attention ms .beth hausoul , cme group inc. , 20 south wacker drive , chicago , illinois 60606. .
|
what was the increase of trading during non u.s hours between 2009 and 2010?
|
4%
|
{
"answer": "4%",
"decimal": 0.04,
"type": "percentage"
}
|
its the variation between those percentages .
|
notes to consolidated financial statements ( dollars in millions , except per share amounts ) long-term debt maturing over the next five years and thereafter is as follows: .
[['2004', '$ 244.5'], ['2005', '$ 523.8'], ['2006', '$ 338.5'], ['2007', '$ 0.9'], ['2008', '$ 0.9'], ['2009 and thereafter', '$ 1327.6']]
on march 7 , 2003 , standard & poor's ratings services downgraded the company's senior secured credit rating to bb+ with negative outlook from bbb- .on may 14 , 2003 , fitch ratings downgraded the company's senior unsecured credit rating to bb+ with negative outlook from bbb- .on may 9 , 2003 , moody's investor services , inc .( "moody's" ) placed the company's senior unsecured and subordinated credit ratings on review for possible downgrade from baa3 and ba1 , respectively .as of march 12 , 2004 , the company's credit ratings continued to be on review for a possible downgrade .since july 2001 , the company has not repurchased its common stock in the open market .in october 2003 , the company received a federal tax refund of approximately $ 90 as a result of its carryback of its 2002 loss for us federal income tax purposes and certain capital losses , to earlier periods .through december 2002 , the company had paid cash dividends quarterly with the most recent quarterly dividend paid in december 2002 at a rate of $ 0.095 per share .on a quarterly basis , the company's board of directors makes determinations regarding the payment of dividends .as previously discussed , the company's ability to declare or pay dividends is currently restricted by the terms of its revolving credit facilities .the company did not declare or pay any dividends in 2003 .however , in 2004 , the company expects to pay any dividends accruing on the series a mandatory convertible preferred stock in cash , which is expressly permitted by the revolving credit facilities .see note 14 for discussion of fair market value of the company's long-term debt .note 9 : equity offering on december 16 , 2003 , the company sold 25.8 million shares of common stock and issued 7.5 million shares of 3- year series a mandatory convertible preferred stock ( the "preferred stock" ) .the total net proceeds received from the concurrent offerings was approximately $ 693 .the preferred stock carries a dividend yield of 5.375% ( 5.375 % ) .on maturity , each share of the preferred stock will convert , subject to adjustment , to between 3.0358 and 3.7037 shares of common stock , depending on the then-current market price of the company's common stock , representing a conversion premium of approximately 22% ( 22 % ) over the stock offering price of $ 13.50 per share .under certain circumstances , the preferred stock may be converted prior to maturity at the option of the holders or the company .the common and preferred stock were issued under the company's existing shelf registration statement .in january 2004 , the company used approximately $ 246 of the net proceeds from the offerings to redeem the 1.80% ( 1.80 % ) convertible subordinated notes due 2004 .the remaining proceeds will be used for general corporate purposes and to further strengthen the company's balance sheet and financial condition .the company will pay annual dividends on each share of the series a mandatory convertible preferred stock in the amount of $ 2.6875 .dividends will be cumulative from the date of issuance and will be payable on each payment date to the extent that dividends are not restricted under the company's credit facilities and assets are legally available to pay dividends .the first dividend payment , which was declared on february 24 , 2004 , will be made on march 15 , 2004. .
|
what is the total long-term debt reported in the balance sheet as of december 2003?
|
2436.2
|
{
"answer": "2436.2",
"decimal": 2436.2,
"type": "float"
}
| |
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses increased slightly during 2013 by $ 3.5 to $ 140.8 compared to 2012 , primarily due to an increase in salaries and related expenses , mainly attributable to higher base salaries , benefits and temporary help , partially offset by lower severance expenses and a decrease in office and general expenses .liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
[['cash flow data', 'years ended december 31 , 2014', 'years ended december 31 , 2013', 'years ended december 31 , 2012'], ['net income adjusted to reconcile net income to net cashprovided by operating activities1', '$ 831.2', '$ 598.4', '$ 697.2'], ['net cash used in working capital b2', '-131.1 ( 131.1 )', '-9.6 ( 9.6 )', '-293.2 ( 293.2 )'], ['changes in other non-current assets and liabilities using cash', '-30.6 ( 30.6 )', '4.1', '-46.8 ( 46.8 )'], ['net cash provided by operating activities', '$ 669.5', '$ 592.9', '$ 357.2'], ['net cash used in investing activities', '-200.8 ( 200.8 )', '-224.5 ( 224.5 )', '-210.2 ( 210.2 )'], ['net cash ( used in ) provided by financing activities', '-343.9 ( 343.9 )', '-1212.3 ( 1212.3 )', '131.3']]
1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , and deferred income taxes .2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities .operating activities net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 .due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters .our net working capital usage in 2014 was impacted by our media businesses .net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income .the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies .the timing of media buying on behalf of our clients affects our working capital and operating cash flow .in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients .to the extent possible we pay production and media charges after we have received funds from our clients .the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities .our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers .our accrued liabilities are also affected by the timing of certain other payments .for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year .investing activities net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions .capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements .we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. .
|
what is the mathematical range of net income adjusted to reconcile net income to net cash provided by operating activities from 2012-2014?
|
232.8
|
{
"answer": "232.8",
"decimal": 232.8,
"type": "float"
}
| |
entergy arkansas , inc .management's financial discussion and analysis fuel and purchased power expenses increased primarily due to increased recovery of deferred fuel and purchased power costs primarily due to an increase in april 2004 in the energy cost recovery rider and the true-ups to the 2003 and 2002 energy cost recovery rider filings .other regulatory credits decreased primarily due to the over-recovery of grand gulf costs due to an increase in the grand gulf rider effective january 2004 .2003 compared to 2002 net revenue , which is entergy arkansas' 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 2003 to 2002. .
[['', '( in millions )'], ['2002 net revenue', '$ 1095.9'], ['march 2002 settlement agreement', '-154.0 ( 154.0 )'], ['volume/weather', '-7.7 ( 7.7 )'], ['asset retirement obligation', '30.1'], ['net wholesale revenue', '16.6'], ['deferred fuel cost revisions', '10.2'], ['other', '7.6'], ['2003 net revenue', '$ 998.7']]
the march 2002 settlement agreement resolved a request for recovery of ice storm costs incurred in december 2000 with an offset of those costs for funds contributed to pay for future stranded costs .a 1997 settlement provided for the collection of earnings in excess of an 11% ( 11 % ) return on equity in a transition cost account ( tca ) to offset stranded costs if retail open access were implemented .in mid- and late december 2000 , two separate ice storms left 226000 and 212500 entergy arkansas customers , respectively , without electric power in its service area .entergy arkansas filed a proposal to recover costs plus carrying charges associated with power restoration caused by the ice storms .entergy arkansas' final storm damage cost determination reflected costs of approximately $ 195 million .the apsc approved a settlement agreement submitted in march 2002 by entergy arkansas , the apsc staff , and the arkansas attorney general .in the march 2002 settlement , the parties agreed that $ 153 million of the ice storm costs would be classified as incremental ice storm expenses that can be offset against the tca on a rate class basis , and any excess of ice storm costs over the amount available in the tca would be deferred and amortized over 30 years , although such excess costs were not allowed to be included as a separate component of rate base .the allocated ice storm expenses exceeded the available tca funds by $ 15.8 million which was recorded as a regulatory asset in june 2002 .in accordance with the settlement agreement and following the apsc's approval of the 2001 earnings review related to the tca , entergy arkansas filed to return $ 18.1 million of the tca to certain large general service class customers that paid more into the tca than their allocation of storm costs .the apsc approved the return of funds to the large general service customer class in the form of refund checks in august 2002 .as part of the implementation of the march 2002 settlement agreement provisions , the tca procedure ceased with the 2001 earnings evaluation .of the remaining ice storm costs , $ 32.2 million was addressed through established ratemaking procedures , including $ 22.2 million classified as capital additions , while $ 3.8 million of the ice storm costs was not recovered through rates .the effect on net income of the march 2002 settlement agreement and 2001 earnings review was a $ 2.2 million increase in 2003 , because the decrease in net revenue was offset by the decrease in operation and maintenance expenses discussed below. .
|
what is the storm damage cost as a percentage of 2002 net revenue?
|
17.8%
|
{
"answer": "17.8%",
"decimal": 0.17800000000000002,
"type": "percentage"
}
| |
management 2019s discussion and analysis 110 jpmorgan chase & co./2013 annual report 2012 compared with 2011 net loss was $ 2.0 billion , compared with a net income of $ 919 million in the prior year .private equity reported net income of $ 292 million , compared with net income of $ 391 million in the prior year .net revenue was $ 601 million , compared with $ 836 million in the prior year , due to lower unrealized and realized gains on private investments , partially offset by higher unrealized gains on public securities .noninterest expense was $ 145 million , down from $ 238 million in the prior year .treasury and cio reported a net loss of $ 2.1 billion , compared with net income of $ 1.3 billion in the prior year .net revenue was a loss of $ 3.1 billion , compared with net revenue of $ 3.2 billion in the prior year .the current year loss reflected $ 5.8 billion of losses incurred by cio from the synthetic credit portfolio for the six months ended june 30 , 2012 , and $ 449 million of losses from the retained index credit derivative positions for the three months ended september 30 , 2012 .these losses were partially offset by securities gains of $ 2.0 billion .the current year revenue reflected $ 888 million of extinguishment gains related to the redemption of trust preferred securities , which are included in all other income in the above table .the extinguishment gains were related to adjustments applied to the cost basis of the trust preferred securities during the period they were in a qualified hedge accounting relationship .net interest income was negative $ 683 million , compared with $ 1.4 billion in the prior year , primarily reflecting the impact of lower portfolio yields and higher deposit balances across the firm .other corporate reported a net loss of $ 221 million , compared with a net loss of $ 821 million in the prior year .noninterest revenue of $ 1.8 billion was driven by a $ 1.1 billion benefit for the washington mutual bankruptcy settlement , which is included in all other income in the above table , and a $ 665 million gain from the recovery on a bear stearns-related subordinated loan .noninterest expense of $ 3.8 billion was up $ 1.0 billion compared with the prior year .the current year included expense of $ 3.7 billion for additional litigation reserves , largely for mortgage-related matters .the prior year included expense of $ 3.2 billion for additional litigation reserves .treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan .the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities .cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs and htm investment securities portfolios ( the 201cinvestment securities portfolio 201d ) .cio also uses derivatives , as well as securities that are not classified as afs or htm , to meet the firm 2019s asset-liability management objectives .for further information on derivatives , see note 6 on pages 220 2013233 of this annual report .for further information about securities not classified within the afs or htm portfolio , see note 3 on pages 195 2013215 of this annual report .the treasury and cio investment securities portfolio primarily consists of u.s .and non-u.s .government securities , agency and non-agency mortgage-backed securities , other asset-backed securities , corporate debt securities and obligations of u.s .states and municipalities .at december 31 , 2013 , the total treasury and cio investment securities portfolio was $ 347.6 billion ; the average credit rating of the securities comprising the treasury and cio investment securities portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) .see note 12 on pages 249 2013254 of this annual report for further information on the details of the firm 2019s investment securities portfolio .for further information on liquidity and funding risk , see liquidity risk management on pages 168 2013173 of this annual report .for information on interest rate , foreign exchange and other risks , treasury and cio value-at-risk ( 201cvar 201d ) and the firm 2019s structural interest rate-sensitive revenue at risk , see market risk management on pages 142 2013148 of this annual report .selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2013 2012 2011 .
[['as of or for the year ended december 31 ( in millions )', '2013', '2012', '2011'], ['securities gains', '$ 659', '$ 2028', '$ 1385'], ['investment securities portfolio ( average )', '353712', '358029', '330885'], ['investment securities portfolio ( period 2013end ) ( a )', '347562', '365421', '355605'], ['mortgage loans ( average )', '5145', '10241', '13006'], ['mortgage loans ( period-end )', '3779', '7037', '13375']]
( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 .held-to-maturity balances for the other periods were not material. .
|
based on the selected financial statement data what was the variance between the mortgage loans average and period-end balance
|
1366
|
{
"answer": "1366",
"decimal": 1366,
"type": "float"
}
| |
management 2019s discussion and analysis 138 jpmorgan chase & co./2013 annual report the credit derivatives used in credit portfolio management activities do not qualify for hedge accounting under u.s .gaap ; these derivatives are reported at fair value , with gains and losses recognized in principal transactions revenue .in contrast , the loans and lending-related commitments being risk-managed are accounted for on an accrual basis .this asymmetry in accounting treatment , between loans and lending-related commitments and the credit derivatives used in credit portfolio management activities , causes earnings volatility that is not representative , in the firm 2019s view , of the true changes in value of the firm 2019s overall credit exposure .the effectiveness of the firm 2019s credit default swap ( 201ccds 201d ) protection as a hedge of the firm 2019s exposures may vary depending on a number of factors , including the named reference entity ( i.e. , the firm may experience losses on specific exposures that are different than the named reference entities in the purchased cds ) , and the contractual terms of the cds ( which may have a defined credit event that does not align with an actual loss realized by the firm ) and the maturity of the firm 2019s cds protection ( which in some cases may be shorter than the firm 2019s exposures ) .however , the firm generally seeks to purchase credit protection with a maturity date that is the same or similar to the maturity date of the exposure for which the protection was purchased , and remaining differences in maturity are actively monitored and managed by the firm .credit portfolio hedges the following table sets out the fair value related to the firm 2019s credit derivatives used in credit portfolio management activities , the fair value related to the cva ( which reflects the credit quality of derivatives counterparty exposure ) , as well as certain other hedges used in the risk management of cva .these results can vary from period-to- period due to market conditions that affect specific positions in the portfolio .net gains and losses on credit portfolio hedges year ended december 31 , ( in millions ) 2013 2012 2011 hedges of loans and lending- related commitments $ ( 142 ) $ ( 163 ) $ ( 32 ) .
[['year ended december 31 ( in millions )', '2013', '2012', '2011'], ['hedges of loans and lending-related commitments', '$ -142 ( 142 )', '$ -163 ( 163 )', '$ -32 ( 32 )'], ['cva and hedges of cva', '-130 ( 130 )', '127', '-769 ( 769 )'], ['net gains/ ( losses )', '$ -272 ( 272 )', '$ -36 ( 36 )', '$ -801 ( 801 )']]
community reinvestment act exposure the community reinvestment act ( 201ccra 201d ) encourages banks to meet the credit needs of borrowers in all segments of their communities , including neighborhoods with low or moderate incomes .the firm is a national leader in community development by providing loans , investments and community development services in communities across the united states .at december 31 , 2013 and 2012 , the firm 2019s cra loan portfolio was approximately $ 18 billion and $ 16 billion , respectively .at december 31 , 2013 and 2012 , 50% ( 50 % ) and 62% ( 62 % ) , respectively , of the cra portfolio were residential mortgage loans ; 26% ( 26 % ) and 13% ( 13 % ) , respectively , were commercial real estate loans ; 16% ( 16 % ) and 18% ( 18 % ) , respectively , were business banking loans ; and 8% ( 8 % ) and 7% ( 7 % ) , respectively , were other loans .cra nonaccrual loans were 3% ( 3 % ) and 4% ( 4 % ) , respectively , of the firm 2019s total nonaccrual loans .for the years ended december 31 , 2013 and 2012 , net charge-offs in the cra portfolio were 1% ( 1 % ) and 3% ( 3 % ) , respectively , of the firm 2019s net charge-offs in both years. .
|
at december 31 , 2013 , what percent of loans were non-residential loans?
|
50
|
{
"answer": "50",
"decimal": 50,
"type": "float"
}
| |
the income approach indicates value for an asset or liability based on the present value of cash flow projected to be generated over the remaining economic life of the asset or liability being measured .both the amount and the duration of the cash flows are considered from a market participant perspective .our estimates of market participant net cash flows considered historical and projected pricing , remaining developmental effort , operational performance including company- specific synergies , aftermarket retention , product life cycles , material and labor pricing , and other relevant customer , contractual and market factors .where appropriate , the net cash flows are adjusted to reflect the uncertainties associated with the underlying assumptions , as well as the risk profile of the net cash flows utilized in the valuation .the adjusted future cash flows are then discounted to present value using an appropriate discount rate .projected cash flow is discounted at a required rate of return that reflects the relative risk of achieving the cash flows and the time value of money .the market approach is a valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable assets , liabilities , or a group of assets and liabilities .valuation techniques consistent with the market approach often use market multiples derived from a set of comparables .the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for property , plant and equipment .the cost to replace a given asset reflects the estimated reproduction or replacement cost , less an allowance for loss in value due to depreciation .the purchase price allocation resulted in the recognition of $ 2.8 billion of goodwill , all of which is expected to be amortizable for tax purposes .substantially all of the goodwill was assigned to our rms business .the goodwill recognized is attributable to expected revenue synergies generated by the integration of our products and technologies with those of sikorsky , costs synergies resulting from the consolidation or elimination of certain functions , and intangible assets that do not qualify for separate recognition , such as the assembled workforce of sikorsky .determining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgments , including the amount and timing of expected future cash flows , long-term growth rates and discount rates .the cash flows employed in the dcf analyses are based on our best estimate of future sales , earnings and cash flows after considering factors such as general market conditions , customer budgets , existing firm orders , expected future orders , contracts with suppliers , labor agreements , changes in working capital , long term business plans and recent operating performance .use of different estimates and judgments could yield different results .impact to 2015 financial results sikorsky 2019s 2015 financial results have been included in our consolidated financial results only for the period from the november 6 , 2015 acquisition date through december 31 , 2015 .as a result , our consolidated financial results for the year ended december 31 , 2015 do not reflect a full year of sikorsky 2019s results .from the november 6 , 2015 acquisition date through december 31 , 2015 , sikorsky generated net sales of approximately $ 400 million and operating loss of approximately $ 45 million , inclusive of intangible amortization and adjustments required to account for the acquisition .we incurred approximately $ 38 million of non-recoverable transaction costs associated with the sikorsky acquisition in 2015 that were expensed as incurred .these costs are included in other income , net on our consolidated statements of earnings .we also incurred approximately $ 48 million in costs associated with issuing the $ 7.0 billion november 2015 notes used to repay all outstanding borrowings under the 364-day facility used to finance the acquisition .the financing costs were recorded as a reduction of debt and will be amortized to interest expense over the term of the related debt .supplemental pro forma financial information ( unaudited ) the following table presents summarized unaudited pro forma financial information as if sikorsky had been included in our financial results for the entire years in 2015 and 2014 ( in millions ) : .
[['', '2015', '2014'], ['net sales', '$ 45366', '$ 47369'], ['net earnings', '3534', '3475'], ['basic earnings per common share', '11.39', '10.97'], ['diluted earnings per common share', '11.23', '10.78']]
the unaudited supplemental pro forma financial data above has been calculated after applying our accounting policies and adjusting the historical results of sikorsky with pro forma adjustments , net of tax , that assume the acquisition occurred on january 1 , 2014 .significant pro forma adjustments include the recognition of additional amortization expense related to acquired intangible assets and additional interest expense related to the short-term debt used to finance the acquisition .these .
|
what was the percentage change in net sales from 2014 to 2015 for the pro forma financials?
|
-4%
|
{
"answer": "-4%",
"decimal": -0.04,
"type": "percentage"
}
| |
benefits as an increase to earnings of $ 152 million ( $ 0.50 per share ) during the year ended december 31 , 2016 .additionally , we recognized additional income tax benefits as an increase to operating cash flows of $ 152 million during the year ended december 31 , 2016 .the new accounting standard did not impact any periods prior to january 1 , 2016 , as we applied the changes in the asu on a prospective basis .in september 2015 , the fasb issued asu no .2015-16 , business combinations ( topic 805 ) , which simplifies the accounting for adjustments made to preliminary amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments .instead , adjustments will be recognized in the period in which the adjustments are determined , including the effect on earnings of any amounts that would have been recorded in previous periods if the accounting had been completed at the acquisition date .we adopted the asu on january 1 , 2016 and are prospectively applying the asu to business combination adjustments identified after the date of adoption .in november 2015 , the fasb issued asu no .2015-17 , income taxes ( topic 740 ) , which simplifies the presentation of deferred income taxes and requires that deferred tax assets and liabilities , as well as any related valuation allowance , be classified as noncurrent in our consolidated balance sheets .we applied the provisions of the asu retrospectively and reclassified approximately $ 1.6 billion from current to noncurrent assets and approximately $ 140 million from current to noncurrent liabilities in our consolidated balance sheet as of december 31 , 2015 .note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
[['', '2016', '2015', '2014'], ['weighted average common shares outstanding for basic computations', '299.3', '310.3', '316.8'], ['weighted average dilutive effect of equity awards', '3.8', '4.4', '5.6'], ['weighted average common shares outstanding for dilutedcomputations', '303.1', '314.7', '322.4']]
we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented .our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units and exercise of outstanding stock options based on the treasury stock method .there were no anti-dilutive equity awards for the years ended december 31 , 2016 , 2015 and 2014 .note 3 2013 acquisitions and divestitures acquisitions acquisition of sikorsky aircraft corporation on november 6 , 2015 , we completed the acquisition of sikorsky aircraft corporation and certain affiliated companies ( collectively 201csikorsky 201d ) from united technologies corporation ( utc ) and certain of utc 2019s subsidiaries .the purchase price of the acquisition was $ 9.0 billion , net of cash acquired .as a result of the acquisition , sikorsky became a wholly- owned subsidiary of ours .sikorsky is a global company primarily engaged in the research , design , development , manufacture and support of military and commercial helicopters .sikorsky 2019s products include military helicopters such as the black hawk , seahawk , ch-53k , h-92 ; and commercial helicopters such as the s-76 and s-92 .the acquisition enables us to extend our core business into the military and commercial rotary wing markets , allowing us to strengthen our position in the aerospace and defense industry .further , this acquisition will expand our presence in commercial and international markets .sikorsky has been aligned under our rms business segment .to fund the $ 9.0 billion acquisition price , we utilized $ 6.0 billion of proceeds borrowed under a temporary 364-day revolving credit facility ( the 364-day facility ) , $ 2.0 billion of cash on hand and $ 1.0 billion from the issuance of commercial paper .in the fourth quarter of 2015 , we repaid all outstanding borrowings under the 364-day facility with the proceeds from the issuance of $ 7.0 billion of fixed interest-rate long-term notes in a public offering ( the november 2015 notes ) .in the fourth quarter of 2015 , we also repaid the $ 1.0 billion in commercial paper borrowings ( see 201cnote 10 2013 debt 201d ) . .
|
what is the percentage change in weighted average common shares outstanding for diluted computations from 2015 to 2016?
|
-3.7%
|
{
"answer": "-3.7%",
"decimal": -0.037000000000000005,
"type": "percentage"
}
| |
corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items .at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. .
[['in millions of dollars', '2009', '2008', '2007'], ['net interest revenue', '$ -1663 ( 1663 )', '$ -2680 ( 2680 )', '$ -2008 ( 2008 )'], ['non-interest revenue', '-8893 ( 8893 )', '422', '-302 ( 302 )'], ['total revenues net of interest expense', '$ -10556 ( 10556 )', '$ -2258 ( 2258 )', '$ -2310 ( 2310 )'], ['total operating expenses', '$ 1420', '$ 510', '$ 1813'], ['provisions for loan losses and for benefits and claims', '-1 ( 1 )', '1', '-3 ( 3 )'], ['( loss ) from continuing operations before taxes', '$ -11975 ( 11975 )', '$ -2769 ( 2769 )', '$ -4120 ( 4120 )'], ['income taxes ( benefits )', '-4369 ( 4369 )', '-587 ( 587 )', '-1446 ( 1446 )'], ['( loss ) from continuing operations', '$ -7606 ( 7606 )', '$ -2182 ( 2182 )', '$ -2674 ( 2674 )'], ['income ( loss ) from discontinued operations net of taxes', '-445 ( 445 )', '4002', '708'], ['net income ( loss ) before attribution of noncontrolling interests', '$ -8051 ( 8051 )', '$ 1820', '$ -1966 ( 1966 )'], ['net income attributable to noncontrolling interests', '2014', '2014', '2'], ['net income ( loss )', '$ -8051 ( 8051 )', '$ 1820', '$ -1968 ( 1968 )']]
2009 vs .2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s .government .revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t .this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations .operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves .2008 vs .2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities .operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
|
what was the percentage change in total operating expenses between 2008 and 2009?
|
178%
|
{
"answer": "178%",
"decimal": 1.78,
"type": "percentage"
}
| |
notes to consolidated financial statements j.p .morgan chase & co .98 j.p .morgan chase & co ./ 2003 annual report securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions and settle other securities obligations .the firm also enters into these transactions to accommodate customers 2019 needs .securities purchased under resale agreements ( 201cresale agreements 201d ) and securities sold under repurchase agreements ( 201crepurchase agreements 201d ) are generally treated as collateralized financing transactions and are carried on the consolidated bal- ance sheet at the amounts the securities will be subsequently sold or repurchased , plus accrued interest .where appropriate , resale and repurchase agreements with the same counterparty are reported on a net basis in accordance with fin 41 .jpmorgan chase takes possession of securities purchased under resale agreements .on a daily basis , jpmorgan chase monitors the market value of the underlying collateral received from its counterparties , consisting primarily of u.s .and non-u.s .govern- ment and agency securities , and requests additional collateral from its counterparties when necessary .similar transactions that do not meet the sfas 140 definition of a repurchase agreement are accounted for as 201cbuys 201d and 201csells 201d rather than financing transactions .these transactions are accounted for as a purchase ( sale ) of the underlying securities with a forward obligation to sell ( purchase ) the securities .the forward purchase ( sale ) obligation , a derivative , is recorded on the consolidated balance sheet at its fair value , with changes in fair value recorded in trading revenue .notional amounts of these transactions accounted for as purchases under sfas 140 were $ 15 billion and $ 8 billion at december 31 , 2003 and 2002 , respectively .notional amounts of these transactions accounted for as sales under sfas 140 were $ 8 billion and $ 13 billion at december 31 , 2003 and 2002 , respectively .based on the short-term duration of these contracts , the unrealized gain or loss is insignificant .securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received .securities bor- rowed consist primarily of government and equity securities .jpmorgan chase monitors the market value of the securities borrowed and lent on a daily basis and calls for additional col- lateral when appropriate .fees received or paid are recorded in interest income or interest expense. .
[['december 31 ( in millions )', '2003', '2002'], ['securities purchased under resale agreements', '$ 62801', '$ 57645'], ['securities borrowed', '41834', '34143'], ['securities sold under repurchase agreements', '$ 105409', '$ 161394'], ['securities loaned', '2461', '1661']]
note 10 jpmorgan chase pledges certain financial instruments it owns to collateralize repurchase agreements and other securities financ- ings .pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheet .at december 31 , 2003 , the firm had received securities as col- lateral that can be repledged , delivered or otherwise used with a fair value of approximately $ 210 billion .this collateral was gen- erally obtained under resale or securities-borrowing agreements .of these securities , approximately $ 197 billion was repledged , delivered or otherwise used , generally as collateral under repur- chase agreements , securities-lending agreements or to cover short sales .notes to consolidated financial statements j.p .morgan chase & co .loans are reported at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees .loans held for sale are carried at the lower of aggregate cost or fair value .loans are classified as 201ctrading 201d for secondary market trading activities where positions are bought and sold to make profits from short-term movements in price .loans held for trading purposes are included in trading assets and are carried at fair value , with the gains and losses included in trading revenue .interest income is recognized using the interest method , or on a basis approximating a level rate of return over the term of the loan .nonaccrual loans are those on which the accrual of interest is discontinued .loans ( other than certain consumer loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of principal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover prin- cipal and interest .interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income .in addition , the amortization of net deferred loan fees is suspended .interest income on nonaccrual loans is recognized only to the extent it is received in cash .however , where there is doubt regarding the ultimate collectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of the loan .loans are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured .consumer loans are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accor- dance with the federal financial institutions examination council ( 201cffiec 201d ) policy .for example , credit card loans are charged off at the earlier of 180 days past due or within 60 days from receiving notification of the filing of bankruptcy .residential mortgage products are generally charged off to net realizable value at 180 days past due .other consumer products are gener- ally charged off ( to net realizable value if collateralized ) at 120 days past due .accrued interest on residential mortgage products , automobile financings and certain other consumer loans are accounted for in accordance with the nonaccrual loan policy note 11 .
|
in 2003 what was the ratio of the securities purchased under resale agreements to the \\nsecurities borrowed
|
1.5
|
{
"answer": "1.5",
"decimal": 1.5,
"type": "float"
}
| |
advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
[['allowance for doubtful accounts receivable:', 'balance atbeginningof period', 'charges toexpenses', 'deductions', '', 'balance atend ofperiod'], ['january 3 2015', '$ 13295', '$ 17182', '$ -14325 ( 14325 )', '-1 ( 1 )', '$ 16152'], ['january 2 2016', '16152', '22067', '-12461 ( 12461 )', '-1 ( 1 )', '25758'], ['december 31 2016', '25758', '24597', '-21191 ( 21191 )', '-1 ( 1 )', '29164']]
advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
|
what is the net increase in the balance of allowance for doubtful accounts receivable during 2015?
|
2857
|
{
"answer": "2857",
"decimal": 2857,
"type": "float"
}
| |
instruments at fair value and to recognize the effective and ineffective portions of the cash flow hedges .( 2 ) for the year ended december 31 , 2000 , earnings available to common stockholders includes reductions of $ 2371 of preferred stock dividends and $ 16266 for the redemption of pca 2019s 123 20448% ( 20448 % ) preferred stock .( 3 ) on october 13 , 2003 , pca announced its intention to begin paying a quarterly cash dividend of $ 0.15 per share , or $ 0.60 per share annually , on its common stock .the first quarterly dividend of $ 0.15 per share was paid on january 15 , 2004 to shareholders of record as of december 15 , 2003 .pca did not declare any dividends on its common stock in 2000 - 2002 .( 4 ) total long-term obligations include long-term debt , short-term debt and the current maturities of long-term debt .item 7 .management 2019s discussion and analysis of financial condition and results of operations the following discussion of historical results of operations and financial condition should be read in conjunction with the audited financial statements and the notes thereto which appear elsewhere in this report .overview on april 12 , 1999 , pca acquired the containerboard and corrugated products business of pactiv corporation ( the 201cgroup 201d ) , formerly known as tenneco packaging inc. , a wholly owned subsidiary of tenneco , inc .the group operated prior to april 12 , 1999 as a division of pactiv , and not as a separate , stand-alone entity .from its formation in january 1999 and through the closing of the acquisition on april 12 , 1999 , pca did not have any significant operations .the april 12 , 1999 acquisition was accounted for using historical values for the contributed assets .purchase accounting was not applied because , under the applicable accounting guidance , a change of control was deemed not to have occurred as a result of the participating veto rights held by pactiv after the closing of the transactions under the terms of the stockholders agreement entered into in connection with the transactions .results of operations year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december , 31 2004 and 2003 are set forth the below : for the year ended december 31 , ( in millions ) 2004 2003 change .
[['( in millions )', '2004', '2003', 'change'], ['net sales', '$ 1890.1', '$ 1735.5', '$ 154.6'], ['income before interest and taxes', '$ 140.5', '$ 96.9', '$ 43.6'], ['interest expense net', '-29.6 ( 29.6 )', '-121.8 ( 121.8 )', '92.2'], ['income ( loss ) before taxes', '110.9', '-24.9 ( 24.9 )', '135.8'], ['( provision ) benefit for income taxes', '-42.2 ( 42.2 )', '10.5', '-52.7 ( 52.7 )'], ['net income ( loss )', '$ 68.7', '$ -14.4 ( 14.4 )', '$ 83.1']]
.
|
what was the percentage change in income before interest and taxes between 2003 and 2004?
|
45%
|
{
"answer": "45%",
"decimal": 0.45,
"type": "percentage"
}
| |
cash flows from operating activities can fluctuate significantly from period to period , as pension funding decisions , tax timing differences and other items can significantly impact cash flows .in both 2007 and 2006 , the company made discretionary contributions of $ 200 million to its u.s .qualified pension plan , and in 2005 made discretionary contributions totaling $ 500 million .in 2007 , cash flows provided by operating activities increased $ 436 million , including an increase in net income of $ 245 million .since the gain from sale of businesses is included in and increases net income , the pre-tax gain from the sale of the businesses must be subtracted , as shown above , to properly reflect operating cash flows .the cash proceeds from the sale of the pharmaceuticals business are shown as part of cash from investing activities ; however , when the related taxes are paid they are required to be shown as part of cash provided by operating activities .thus , operating cash flows for 2007 were penalized due to cash income tax payments of approximately $ 630 million in 2007 that related to the sale of the global branded pharmaceuticals business .non-pharmaceutical related cash income tax payments were approximately $ 475 million lower than 2006 due to normal timing differences in tax payments , which benefited cash flows .accounts receivable and inventory increases reduced cash flows in 2007 , but decreased cash flow less than in 2006 , resulting in a year-on-year benefit to cash flows of $ 323 million .the category 201cother-net 201d in the preceding table reflects changes in other asset and liability accounts , including the impact of cash payments made in connection with 3m 2019s restructuring actions ( note 4 ) .in 2006 , cash flows provided by operating activities decreased $ 365 million .this decrease was due in large part to an increase of approximately $ 600 million in tax payments in 2006 compared with 2005 .the higher tax payments in 2006 primarily related to the company 2019s repatriation of $ 1.7 billion of foreign earnings in the united states pursuant to the provisions of the american jobs creation act of 2004 .the category 201cother-net 201d in the preceding table reflects changes in other asset and liability accounts , including outstanding liabilities at december 31 , 2006 , related to 3m 2019s restructuring actions ( note 4 ) .cash flows from investing activities : years ended december 31 .
[['( millions )', '2007', '2006', '2005'], ['purchases of property plant and equipment ( pp&e )', '$ -1422 ( 1422 )', '$ -1168 ( 1168 )', '$ -943 ( 943 )'], ['proceeds from sale of pp&e and other assets', '103', '49', '41'], ['acquisitions net of cash acquired', '-539 ( 539 )', '-888 ( 888 )', '-1293 ( 1293 )'], ['proceeds from sale of businesses', '897', '1209', '2014'], ['purchases and proceeds from sale or maturities of marketable securities and investments 2014 net', '-406 ( 406 )', '-662 ( 662 )', '-46 ( 46 )'], ['net cash used in investing activities', '$ -1367 ( 1367 )', '$ -1460 ( 1460 )', '$ -2241 ( 2241 )']]
investments in property , plant and equipment enable growth in diverse markets , helping to meet product demand and increasing manufacturing efficiency .in 2007 , numerous plants were opened or expanded internationally .this included two facilities in korea ( respirator manufacturing facility and optical plant ) , an optical plant in poland , industrial adhesives/tapes facilities in both brazil and the philippines , a plant in russia ( corrosion protection , industrial adhesive and tapes , and respirators ) , a plant in china ( optical systems , industrial adhesives and tapes , and personal care ) , an expansion in canada ( construction and home improvement business ) , in addition to investments in india , mexico and other countries .in addition , 3m expanded manufacturing capabilities in the u.s. , including investments in industrial adhesives/tapes and optical .3m also exited several high-cost underutilized manufacturing facilities and streamlined several supply chains by relocating equipment from one facility to another .the streamlining work has primarily occurred inside the u.s .and is in addition to the streamlining achieved through plant construction .as a result of this increased activity , capital expenditures were $ 1.422 billion in 2007 , an increase of $ 254 million when compared to 2006 .the company expects capital expenditures to total approximately $ 1.3 billion to $ 1.4 billion in 2008 .refer to the preceding 201ccapital spending/net property , plant and equipment 201d section for more detail .refer to note 2 for information on 2007 , 2006 and 2005 acquisitions .note 2 also provides information on the proceeds from the sale of businesses .the company is actively considering additional acquisitions , investments and strategic alliances , and from time to time may also divest certain businesses .purchases of marketable securities and investments and proceeds from sale ( or maturities ) of marketable securities and investments are primarily attributable to asset-backed securities , agency securities , corporate medium-term note securities , auction rate securities and other securities , which are classified as available-for-sale .refer to note 9 for more details about 3m 2019s diversified marketable securities portfolio , which totaled $ 1.059 billion as of december 31 , 2007 .purchases of marketable securities , net of sales and maturities , totaled $ 429 million for 2007 and $ 637 million for 2006 .purchases of investments in 2005 include the purchase of 19% ( 19 % ) of ti&m beteiligungsgesellschaft mbh for .
|
in 2006 what was the ratio of the increase in tax payments in 2005 and 2006 to the decrease in cash
|
1.64
|
{
"answer": "1.64",
"decimal": 1.64,
"type": "float"
}
|
in 2006 the decrease in cash flows for every $ 1 it was due in part to an increase in tax payments by $ 1.64
|
executive deferred compensation plan for the company 2019s executives and members of the board of directors , the company adopted the illumina , inc .deferred compensation plan ( the plan ) that became effective january 1 , 2008 .eligible participants can contribute up to 80% ( 80 % ) of their base salary and 100% ( 100 % ) of all other forms of compensation into the plan , including bonus , commission and director fees .the company has agreed to credit the participants 2019 contributions with earnings that reflect the performance of certain independent investment funds .on a discretionary basis , the company may also make employer contributions to participant accounts in any amount determined by the company .the vesting schedules of employer contributions are at the sole discretion of the compensation committee .however , all employer contributions shall become 100% ( 100 % ) vested upon the occurrence of the participant 2019s disability , death or retirement or a change in control of the company .the benefits under this plan are unsecured .participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment with the company for any reason or at a later date to comply with the restrictions of section 409a .as of december 28 , 2008 , no employer contributions were made to the plan .in january 2008 , the company also established a rabbi trust for the benefit of its directors and executives under the plan .in accordance with fasb interpretation ( fin ) no .46 , consolidation of variable interest entities , an interpretation of arb no .51 , and eitf 97-14 , accounting for deferred compensation arrangements where amounts earned are held in a rabbi trust and invested , the company has included the assets of the rabbi trust in its consolidated balance sheet since the trust 2019s inception .as of december 28 , 2008 , the assets of the trust and liabilities of the company were $ 1.3 million .the assets and liabilities are classified as other assets and accrued liabilities , respectively , on the company 2019s balance sheet as of december 28 , 2008 .changes in the values of the assets held by the rabbi trust accrue to the company .14 .segment information , geographic data and significant customers during the first quarter of 2008 , the company reorganized its operating structure into a newly created life sciences business unit , which includes all products and services related to the research market , namely the beadarray , beadxpress and sequencing product lines .the company also created a diagnostics business unit to focus on the emerging opportunity in molecular diagnostics .for the year ended december 28 , 2008 , the company had limited activity related to the diagnostics business unit , and operating results were reported on an aggregate basis to the chief operating decision maker of the company , the chief executive officer .in accordance with sfas no .131 , disclosures about segments of an enterprise and related information , the company operated in one reportable segment for the year ended december 28 , 2008 .the company had revenue in the following regions for the years ended december 28 , 2008 , december 30 , 2007 and december 31 , 2006 ( in thousands ) : year ended december 28 , year ended december 30 , year ended december 31 .
[['', 'year ended december 28 2008', 'year ended december 30 2007', 'year ended december 31 2006'], ['united states', '$ 280064', '$ 207692', '$ 103043'], ['united kingdom', '67973', '34196', '22840'], ['other european countries', '127397', '75360', '32600'], ['asia-pacific', '72740', '35155', '15070'], ['other markets', '25051', '14396', '11033'], ['total', '$ 573225', '$ 366799', '$ 184586']]
net revenues are attributable to geographic areas based on the region of destination .illumina , inc .notes to consolidated financial statements 2014 ( continued ) .
|
for the year ended december 28 , 2008 what was the ratio of the united states to the united kingdom revenues
|
4.12
|
{
"answer": "4.12",
"decimal": 4.12,
"type": "float"
}
|
for the year ended december 28 , 2008 there was $ 4.12 in united states revenues to the united kingdom
|
part i the following table details the growth in global weighted average berths and the global , north american and european cruise guests over the past five years : weighted-average supply of berths marketed globally ( 1 ) royal caribbean cruises ltd .total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
[['year', 'weighted-averagesupply ofberthsmarketedglobally ( 1 )', 'royal caribbean cruises ltd . total berths', 'globalcruiseguests ( 1 )', 'north americancruiseguests ( 2 )', 'europeancruiseguests ( 3 )'], ['2009', '363000', '84050', '17340000', '10198000', '5000000'], ['2010', '391000', '92300', '18800000', '10781000', '5540000'], ['2011', '412000', '92650', '20227000', '11625000', '5894000'], ['2012', '425000', '98650', '20898000', '11640000', '6139000'], ['2013', '432000', '98750', '21300000', '11816000', '6399000']]
( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a com- bination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider , cruise industry news and cruise line international association ( 201cclia 201d ) .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2009 through 2012 .year 2013 amounts represent our estimates ( see number 1 above ) .includes the united states of america and canada .( 3 ) source : clia europe , formerly european cruise council , for years 2009 through 2012 .year 2013 amounts represent our estimates ( see number 1 above ) .north america the majority of cruise guests are sourced from north america , which represented approximately 56% ( 56 % ) of global cruise guests in 2013 .the compound annual growth rate in cruise guests sourced from this market was approximately 3.2% ( 3.2 % ) from 2009 to 2013 .europe cruise guests sourced from europe represented approximately 30% ( 30 % ) of global cruise guests in 2013 .the compound annual growth rate in cruise guests sourced from this market was approximately 6.0% ( 6.0 % ) from 2009 to 2013 .other markets in addition to expected industry growth in north america and europe , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .based on industry data , cruise guests sourced from the asia/pacific region represented approximately 4.5% ( 4.5 % ) of global cruise guests in 2013 .the compound annual growth rate in cruise guests sourced from this market was approximately 15% ( 15 % ) from 2011 to 2013 .competition we compete with a number of cruise lines .our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time .demand for such activities is influenced by political and general economic conditions .com- panies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : and employees and protect the environment in which our vessels and organization operate , to better serve our global guest base and grow our business , order to enhance our revenues , our brands globally , expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , ization and maintenance of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with new state-of- the-art cruise ships , ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and .
|
in 2010 what was the percent of the global cruise guests on the european cruise
|
29.5%
|
{
"answer": "29.5%",
"decimal": 0.295,
"type": "percentage"
}
| |
( $ 66 million net-of-tax ) as a result of customer credits to be realized by electric customers of entergy louisiana , consistent with the terms of the stipulated settlement in the business combination proceeding .see note 2 to the financial statements for further discussion of the business combination and customer credits .results of operations for 2015 also include the sale in december 2015 of the 583 mw rhode island state energy center for a realized gain of $ 154 million ( $ 100 million net-of-tax ) on the sale and the $ 77 million ( $ 47 million net-of-tax ) write-off and regulatory charges to recognize that a portion of the assets associated with the waterford 3 replacement steam generator project is no longer probable of recovery .see note 14 to the financial statements for further discussion of the rhode island state energy center sale .see note 2 to the financial statements for further discussion of the waterford 3 replacement steam generator prudence review proceeding .net revenue utility following is an analysis of the change in net revenue comparing 2016 to 2015 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2015 net revenue', '$ 5829'], ['retail electric price', '289'], ['louisiana business combination customer credits', '107'], ['volume/weather', '14'], ['louisiana act 55 financing savings obligation', '-17 ( 17 )'], ['other', '-43 ( 43 )'], ['2016 net revenue', '$ 6179']]
the retail electric price variance is primarily due to : 2022 an increase in base rates at entergy arkansas , as approved by the apsc .the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .the increase included an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 .a significant portion of the increase was related to the purchase of power block 2 of the union power station ; 2022 an increase in the purchased power and capacity acquisition cost recovery rider for entergy new orleans , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station ; 2022 an increase in formula rate plan revenues for entergy louisiana , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station ; and 2022 an increase in revenues at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 , and an increase in revenues collected through the storm damage rider .see note 2 to the financial statements for further discussion of the rate proceedings .see note 14 to the financial statements for discussion of the union power station purchase .the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination .consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) .these costs are being entergy corporation and subsidiaries management 2019s financial discussion and analysis .
|
what is the retail electric price as a percentage of net revenue in 2015?
|
4.96%
|
{
"answer": "4.96%",
"decimal": 0.0496,
"type": "percentage"
}
| |
the following table summarizes the changes in the company 2019s valuation allowance: .
[['balance at january 1 2010', '$ 25621'], ['increases in current period tax positions', '907'], ['decreases in current period tax positions', '-2740 ( 2740 )'], ['balance at december 31 2010', '$ 23788'], ['increases in current period tax positions', '1525'], ['decreases in current period tax positions', '-3734 ( 3734 )'], ['balance at december 31 2011', '$ 21579'], ['increases in current period tax positions', '0'], ['decreases in current period tax positions', '-2059 ( 2059 )'], ['balance at december 31 2012', '$ 19520']]
note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations .benefits under the plans are based on the employee 2019s years of service and compensation .the pension plans have been closed for most employees hired on or after january 1 , 2006 .union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement .union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan .the company does not participate in a multiemployer plan .the company 2019s funding policy is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost , and an additional contribution if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 .the company may also increase its contributions , if appropriate , to its tax and cash position and the plan 2019s funded position .pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities and guaranteed interest contracts with insurance companies .pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans .( see note 6 ) the company also has several unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees .the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees .the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 .the plans had previously closed for non-union employees hired on or after january 1 , 2002 .the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes .plan assets are invested in equity and bond mutual funds , fixed income securities , real estate investment trusts ( 201creits 201d ) and emerging market funds .the obligations of the plans are dominated by obligations for active employees .because the timing of expected benefit payments is so far in the future and the size of the plan assets are small relative to the company 2019s assets , the investment strategy is to allocate a significant percentage of assets to equities , which the company believes will provide the highest return over the long-term period .the fixed income assets are invested in long duration debt securities and may be invested in fixed income instruments , such as futures and options in order to better match the duration of the plan liability. .
|
as of december 312012 what was the percentage change in tax positions from 2011 and favorable or unfavorable?
|
-9.5%
|
{
"answer": "-9.5%",
"decimal": -0.095,
"type": "percentage"
}
|
the change in tax position from year to year is the ( end balance less begin balance ) divide by the begin balance
|
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis entergy louisiana may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and distribution rates are favorable .all debt and common and preferred membership interest issuances by entergy louisiana require prior regulatory approval .preferred membership interest and debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .entergy louisiana has sufficient capacity under these tests to meet its foreseeable capital needs .entergy louisiana 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
[['2016', '2015', '2014', '2013'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 22503', '$ 6154', '$ 2815', '$ 19573']]
see note 4 to the financial statements for a description of the money pool .entergy louisiana has a credit facility in the amount of $ 350 million scheduled to expire in august 2021 .the credit facility allows entergy louisiana to issue letters of credit against 50% ( 50 % ) of the borrowing capacity of the facility .as of december 31 , 2016 , there were no cash borrowings and a $ 6.4 million letter of credit outstanding under the credit facility .in addition , entergy louisiana is party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso .as of december 31 , 2016 , a $ 5.7 million letter of credit was outstanding under entergy louisiana 2019s uncommitted letter of credit facility .see note 4 to the financial statements for additional discussion of the credit facilities .the entergy louisiana nuclear fuel company variable interest entities have two separate credit facilities , one in the amount of $ 105 million and one in the amount of $ 85 million , both scheduled to expire in may 2019 .as of december 31 , 2016 , $ 3.8 million of letters of credit were outstanding under the credit facility to support a like amount of commercial paper issued by the entergy louisiana waterford 3 nuclear fuel company variable interest entity and there were no cash borrowings outstanding under the credit facility for the entergy louisiana river bend nuclear fuel company variable interest entity .see note 4 to the financial statements for additional discussion of the nuclear fuel company variable interest entity credit facility .entergy louisiana obtained authorizations from the ferc through october 2017 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 450 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entities .see note 4 to the financial statements for further discussion of entergy louisiana 2019s short-term borrowing limits .hurricane isaac in june 2014 the lpsc voted to approve a series of orders which ( i ) quantified $ 290.8 million of hurricane isaac system restoration costs as prudently incurred ; ( ii ) determined $ 290 million as the level of storm reserves to be re-established ; ( iii ) authorized entergy louisiana to utilize louisiana act 55 financing for hurricane isaac system restoration costs ; and ( iv ) granted other requested relief associated with storm reserves and act 55 financing of hurricane isaac system restoration costs .entergy louisiana committed to pass on to customers a minimum of $ 30.8 million of customer benefits through annual customer credits of approximately $ 6.2 million for five years .approvals for the act 55 financings were obtained from the louisiana utilities restoration corporation and the louisiana state bond commission .see note 2 to the financial statements for a discussion of the august 2014 issuance of bonds under act 55 of the louisiana legislature. .
|
what is the net change in entergy louisiana 2019s receivables from the money pool from 2015 to 2016?
|
16349
|
{
"answer": "16349",
"decimal": 16349,
"type": "float"
}
| |
( c ) includes the effects of items not considered in the assessment of the operating performance of our business segments which increased operating profit by $ 230 million , $ 150 million after tax ( $ 0.34 per share ) .also includes expenses of $ 16 million , $ 11 million after tax ( $ 0.03 per share ) for a debt exchange , and a reduction in income tax expense of $ 62 million ( $ 0.14 per share ) resulting from a tax benefit related to claims we filed for additional extraterritorial income exclusion ( eti ) tax benefits .on a combined basis , these items increased earnings by $ 201 million after tax ( $ 0.45 per share ) .( d ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , increased operating profit by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) .( e ) includes the effects of items not considered in the assessment of the operating performance of our business segments which decreased operating profit by $ 61 million , $ 54 million after tax ( $ 0.12 per share ) .also includes a charge of $ 154 million , $ 100 million after tax ( $ 0.22 per share ) for the early repayment of debt , and a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) .on a combined basis , these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) .( f ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased operating profit by $ 7 million , $ 6 million after tax ( $ 0.01 per share ) .also includes a charge of $ 146 million , $ 96 million after tax ( $ 0.21 per share ) for the early repayment of debt .( g ) we define return on invested capital ( roic ) as net earnings plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back adjustments related to postretirement benefit plans .we believe that reporting roic provides investors with greater visibility into how effectively we use the capital invested in our operations .we use roic to evaluate multi-year investment decisions and as a long-term performance measure , and also use it as a factor in evaluating management performance under certain of our incentive compensation plans .roic is not a measure of financial performance under generally accepted accounting principles , and may not be defined and calculated by other companies in the same manner .roic should not be considered in isolation or as an alternative to net earnings as an indicator of performance .we calculate roic as follows : ( in millions ) 2007 2006 2005 2004 2003 .
[['( in millions )', '2007', '2006', '2005', '2004', '2003'], ['net earnings', '$ 3033', '$ 2529', '$ 1825', '$ 1266', '$ 1053'], ['interest expense ( multiplied by 65% ( 65 % ) ) 1', '229', '235', '241', '276', '317'], ['return', '$ 3262', '$ 2764', '$ 2066', '$ 1542', '$ 1370'], ['average debt2 5', '$ 4416', '$ 4727', '$ 5077', '$ 5932', '$ 6612'], ['average equity3 5', '7661', '7686', '7590', '7015', '6170'], ['average benefit plan adjustments3 4 5', '3171', '2006', '1545', '1296', '1504'], ['average invested capital', '$ 15248', '$ 14419', '$ 14212', '$ 14243', '$ 14286'], ['return on invested capital', '21.4% ( 21.4 % )', '19.2% ( 19.2 % )', '14.5% ( 14.5 % )', '10.8% ( 10.8 % )', '9.6% ( 9.6 % )']]
1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) .2 debt consists of long-term debt , including current maturities of long-term debt , and short-term borrowings ( if any ) .3 equity includes non-cash adjustments , primarily for unrecognized benefit plan actuarial losses and prior service costs in 2007 and 2006 , the adjustment for the adoption of fas 158 in 2006 , and the additional minimum pension liability in years prior to 2007 .4 average benefit plan adjustments reflect the cumulative value of entries identified in our statement of stockholders equity under the captions 201cpostretirement benefit plans , 201d 201cadjustment for adoption of fas 158 201d and 201cminimum pension liability . 201d the total of annual benefit plan adjustments to equity were : 2007 = $ 1706 million ; 2006 = ( $ 1883 ) million ; 2005 = ( $ 105 ) million ; 2004 = ( $ 285 ) million ; 2003 = $ 331 million ; 2002 = ( $ 1537 million ) ; and 2001 = ( $ 33 million ) .as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the current year entry value .5 yearly averages are calculated using balances at the start of the year and at the end of each quarter. .
|
what was the difference in return on invested capital from 2006 to 2007?
|
2.2%
|
{
"answer": "2.2%",
"decimal": 0.022000000000000002,
"type": "percentage"
}
| |
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 common stock on the nyse for the years 2015 and 2014. .
[['2015', 'high', 'low'], ['quarter ended march 31', '$ 101.88', '$ 93.21'], ['quarter ended june 30', '98.64', '91.99'], ['quarter ended september 30', '101.54', '86.83'], ['quarter ended december 31', '104.12', '87.23'], ['2014', 'high', 'low'], ['quarter ended march 31', '$ 84.90', '$ 78.38'], ['quarter ended june 30', '90.73', '80.10'], ['quarter ended september 30', '99.90', '89.05'], ['quarter ended december 31', '106.31', '90.20']]
on february 19 , 2016 , the closing price of our common stock was $ 87.32 per share as reported on the nyse .as of february 19 , 2016 , we had 423897556 outstanding shares of common stock and 159 registered holders .dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) .generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) .we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , issued in may 2014 ( the 201cseries a preferred stock 201d ) , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) .dividends are payable quarterly in arrears , subject to declaration by our board of directors .the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will be dependent upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant .we have distributed an aggregate of approximately $ 2.3 billion to our common stockholders , including the dividend paid in january 2016 , primarily subject to taxation as ordinary income .during the year ended december 31 , 2015 , we declared the following cash distributions: .
|
what is the growth rate in the price of shares from the highest value during the quarter ended december 31 , 2015 and the closing price on february 19 , 2016?
|
-16.1%
|
{
"answer": "-16.1%",
"decimal": -0.161,
"type": "percentage"
}
| |
notes to consolidated financial statements the table below presents information regarding group inc . 2019s regulatory capital ratios and tier 1 leverage ratio under basel i , as implemented by the federal reserve board .the information as of december 2013 reflects the revised market risk regulatory capital requirements .these changes resulted in increased regulatory capital requirements for market risk .the information as of december 2012 is prior to the implementation of these revised market risk regulatory capital requirements. .
[['$ in millions', 'as of december 2013', 'as of december 2012'], ['tier 1 capital', '$ 72471', '$ 66977'], ['tier 2 capital', '$ 13632', '$ 13429'], ['total capital', '$ 86103', '$ 80406'], ['risk-weighted assets', '$ 433226', '$ 399928'], ['tier 1 capital ratio', '16.7% ( 16.7 % )', '16.7% ( 16.7 % )'], ['total capital ratio', '19.9% ( 19.9 % )', '20.1% ( 20.1 % )'], ['tier 1 leverage ratio', '8.1% ( 8.1 % )', '7.3% ( 7.3 % )']]
revised capital framework the u.s .federal bank regulatory agencies ( agencies ) have approved revised risk-based capital and leverage ratio regulations establishing a new comprehensive capital framework for u.s .banking organizations ( revised capital framework ) .these regulations are largely based on the basel committee 2019s december 2010 final capital framework for strengthening international capital standards ( basel iii ) and also implement certain provisions of the dodd-frank act .under the revised capital framework , group inc .is an 201cadvanced approach 201d banking organization .below are the aspects of the rules that are most relevant to the firm , as an advanced approach banking organization .definition of capital and capital ratios .the revised capital framework introduced changes to the definition of regulatory capital , which , subject to transitional provisions , became effective across the firm 2019s regulatory capital and leverage ratios on january 1 , 2014 .these changes include the introduction of a new capital measure called common equity tier 1 ( cet1 ) , and the related regulatory capital ratio of cet1 to rwas ( cet1 ratio ) .in addition , the definition of tier 1 capital has been narrowed to include only cet1 and instruments such as perpetual non- cumulative preferred stock , which meet certain criteria .certain aspects of the revised requirements phase in over time .these include increases in the minimum capital ratio requirements and the introduction of new capital buffers and certain deductions from regulatory capital ( such as investments in nonconsolidated financial institutions ) .in addition , junior subordinated debt issued to trusts is being phased out of regulatory capital .the minimum cet1 ratio is 4.0% ( 4.0 % ) as of january 1 , 2014 and will increase to 4.5% ( 4.5 % ) on january 1 , 2015 .the minimum tier 1 capital ratio increased from 4.0% ( 4.0 % ) to 5.5% ( 5.5 % ) on january 1 , 2014 and will increase to 6.0% ( 6.0 % ) beginning january 1 , 2015 .the minimum total capital ratio remains unchanged at 8.0% ( 8.0 % ) .these minimum ratios will be supplemented by a new capital conservation buffer that phases in , beginning january 1 , 2016 , in increments of 0.625% ( 0.625 % ) per year until it reaches 2.5% ( 2.5 % ) on january 1 , 2019 .the revised capital framework also introduces a new counter-cyclical capital buffer , to be imposed in the event that national supervisors deem it necessary in order to counteract excessive credit growth .risk-weighted assets .in february 2014 , the federal reserve board informed us that we have completed a satisfactory 201cparallel run , 201d as required of advanced approach banking organizations under the revised capital framework , and therefore changes to rwas will take effect beginning with the second quarter of 2014 .accordingly , the calculation of rwas in future quarters will be based on the following methodologies : 2030 during the first quarter of 2014 2014 the basel i risk-based capital framework adjusted for certain items related to existing capital deductions and the phase-in of new capital deductions ( basel i adjusted ) ; 2030 during the remaining quarters of 2014 2014 the higher of rwas computed under the basel iii advanced approach or the basel i adjusted calculation ; and 2030 beginning in the first quarter of 2015 2014 the higher of rwas computed under the basel iii advanced or standardized approach .goldman sachs 2013 annual report 191 .
|
in millions , for 2013 and 2012 , what was average tier 1 capital?\\n
|
69724
|
{
"answer": "69724",
"decimal": 69724,
"type": "float"
}
| |
the following table reports the significant movements in our shareholders 2019 equity for the year ended december 31 , 2010. .
[['( in millions of u.s . dollars )', '2010'], ['balance beginning of year', '$ 19667'], ['net income', '3108'], ['dividends declared on common shares', '-443 ( 443 )'], ['change in net unrealized appreciation ( depreciation ) on investments net of tax', '742'], ['repurchase of shares', '-303 ( 303 )'], ['other movements net of tax', '203'], ['balance end of year', '$ 22974']]
total shareholders 2019 equity increased $ 3.3 billion in 2010 , primarily due to net income of $ 3.1 billion and the change in net unrealized appreciation on investments of $ 742 million .short-term debt at december 31 , 2010 , in connection with the financing of the rain and hail acquisition , short-term debt includes reverse repurchase agreements totaling $ 1 billion .in addition , $ 300 million in borrowings against ace 2019s revolving credit facility were outstanding at december 31 , 2010 .at december 31 , 2009 , short-term debt consisted of a five-year term loan which we repaid in december 2010 .long-term debt our total long-term debt increased by $ 200 million during the year to $ 3.4 billion and is described in detail in note 9 to the consolidated financial statements , under item 8 .in november 2010 , ace ina issued $ 700 million of 2.6 percent senior notes due november 2015 .these senior unsecured notes are guaranteed on a senior basis by the company and they rank equally with all of the company 2019s other senior obligations .in april 2008 , as part of the financing of the combined insurance acquisition , ace ina entered into a $ 450 million float- ing interest rate syndicated term loan agreement due april 2013 .simultaneously , the company entered into a swap transaction that had the economic effect of fixing the interest rate for the term of the loan .in december 2010 , ace repaid this loan and exited the swap .in december 2008 , ace ina entered into a $ 66 million dual tranche floating interest rate term loan agreement .the first tranche , a $ 50 million three-year term loan due december 2011 , had a floating interest rate .simultaneously , the company entered into a swap transaction that had the economic effect of fixing the interest rate for the term of the loan .in december 2010 , ace repaid this loan and exited the swap .the second tranche , a $ 16 million nine-month term loan , was due and repaid in september 2009 .trust preferred securities the securities outstanding consist of $ 300 million of trust preferred securities due 2030 , issued by a special purpose entity ( a trust ) that is wholly owned by us .the sole assets of the special purpose entity are debt instruments issued by one or more of our subsidiaries .the special purpose entity looks to payments on the debt instruments to make payments on the preferred securities .we have guaranteed the payments on these debt instruments .the trustees of the trust include one or more of our officers and at least one independent trustee , such as a trust company .our officers serving as trustees of the trust do not receive any compensation or other remuneration for their services in such capacity .the full $ 309 million of outstanding trust preferred securities ( calculated as $ 300 million as discussed above plus our equity share of the trust ) is shown on our con- solidated balance sheet as a liability .additional information with respect to the trust preferred securities is contained in note 9 d ) to the consolidated financial statements , under item 8 .common shares our common shares had a par value of chf 30.57 each at december 31 , 2010 .at the annual general meeting held in may 2010 , the company 2019s shareholders approved a par value reduction in an aggregate swiss franc amount , pursuant to a formula , equal to $ 1.32 per share , which we refer to as the base annual divi- dend .the base annual dividend is payable in four installments , provided that each of the swiss franc installments will be .
|
what is the net change in shareholders 2019 equity in 2010 ( in millions ) ?
|
3307
|
{
"answer": "3307",
"decimal": 3307,
"type": "float"
}
| |
the amount available to us to pay cash dividends is restricted by our subsidiaries 2019 debt agreements .the indentures governing the senior subordinated notes and the senior discount notes also limit , but do not prohibit , the ability of bcp crystal , crystal llc and their respective subsidiaries to pay dividends .any decision to declare and pay dividends in the future will be made at the discretion of our board of directors and will depend on , among other things , our results of operations , cash requirements , financial condition , contractual restrictions and other factors that our board of directors may deem relevant .under the domination agreement , any minority shareholder of celanese ag who elects not to sell its shares to the purchaser will be entitled to remain a shareholder of celanese ag and to receive a gross guaranteed fixed annual payment on their shares of u3.27 per celanese share less certain corporate taxes to be paid by cag in lieu of any future dividend .see 2018 2018the transactions 2014 post-tender offer events 2014domination and profit and loss transfer agreement . 2019 2019 under delaware law , our board of directors may declare dividends only to the extent of our 2018 2018surplus 2019 2019 ( which is defined as total assets at fair market value minus total liabilities , minus statutory capital ) , or if there is no surplus , out of our net profits for the then current and/or immediately preceding fiscal years .the value of a corporation 2019s assets can be measured in a number of ways and may not necessarily equal their book value .the value of our capital may be adjusted from time to time by our board of directors but in no event will be less than the aggregate par value of our issued stock .our board of directors may base this determination on our financial statements , a fair valuation of our assets or another reasonable method .our board of directors will seek to assure itself that the statutory requirements will be met before actually declaring dividends .in future periods , our board of directors may seek opinions from outside valuation firms to the effect that our solvency or assets are sufficient to allow payment of dividends , and such opinions may not be forthcoming .if we sought and were not able to obtain such an opinion , we likely would not be able to pay dividends .in addition , pursuant to the terms of our preferred stock , we are prohibited from paying a dividend on our series a common stock unless all payments due and payable under the preferred stock have been made .celanese purchases of its equity securities period number of shares ( or units ) purchased ( 1 ) average price paid per share ( or unit ) total number of shares ( or units ) purchased as part of publicly announced plans or programs maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs october 1 2013 october 31 , 2005 2014 2014 2014 2014 november 1 2013 november 30 , 2005 2014 2014 2014 2014 december 1 2013 december 31 , 2005 10000 $ 18.705 10000 2014 .
[['period', 'totalnumber ofshares ( or units ) purchased ( 1 )', 'averageprice paidper share ( orunit )', 'total number ofshares ( or units ) purchased aspart ofpublicly announcedplans or programs', 'maximumnumber ( or approximate dollar value ) of shares ( or units ) thatmayyet be purchased under theplans orprograms'], ['october 1 2013 october 312005', '2014', '2014', '2014', '2014'], ['november1 2013 november 302005', '2014', '2014', '2014', '2014'], ['december1 2013 december 31 2005', '10000', '$ 18.705', '10000', '2014'], ['total', '10000', '$ 18.705', '10000', '2014']]
( 1 ) 10000 shares of series a common stock were purchased on the open market in december 2005 at $ 18.705 per share , approved by the board of directors pursuant to the provisions of the 2004 stock incentive plan , approved by shareholders in december 2004 , to be granted to two employees in recognition of their contributions to the company .no other purchases are currently planned .equity compensation plans the information required to be included in this item 5 with respect to our equity compensation plans is incorporated by reference from the section captioned 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 in the company 2019s definitive proxy statement for the 2006 annual meeting of stockholders .recent sales of unregistered securities .
|
what is the total amount spent for the purchased shares during december 2005?
|
187050
|
{
"answer": "187050",
"decimal": 187050,
"type": "float"
}
| |
there were no changes in the company 2019s valuation techniques used to measure fair values on a recurring basis as a result of adopting asc 820 .pca had no assets or liabilities that were measured on a nonrecurring basis .11 .stockholders 2019 equity on october 17 , 2007 , pca announced that its board of directors authorized a $ 150.0 million common stock repurchase program .there is no expiration date for the common stock repurchase program .through december 31 , 2008 , the company repurchased 3818729 shares of common stock , with 3142600 shares repurchased during 2008 and 676129 shares repurchased during 2007 .all repurchased shares were retired prior to december 31 , 2008 .there were no shares repurchased in 2009 .as of december 31 , 2009 , $ 65.0 million of the $ 150.0 million authorization remained available for repurchase of the company 2019s common stock .12 .commitments and contingencies capital commitments the company had authorized capital commitments of approximately $ 41.7 million and $ 43.0 million as of december 31 , 2009 and 2008 , respectively , in connection with the expansion and replacement of existing facilities and equipment .in addition , commitments at december 31 , 2009 for the major energy optimization projects at its counce and valdosta mills totaled $ 156.3 million .lease obligations pca leases space for certain of its facilities and cutting rights to approximately 91000 acres of timberland under long-term leases .the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases with a duration of two to seven years .the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows: .
[['', '( in thousands )'], ['2010', '$ 28162'], ['2011', '25181'], ['2012', '17338'], ['2013', '11557'], ['2014', '7742'], ['thereafter', '18072'], ['total', '$ 108052']]
total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2009 , 2008 and 2007 was $ 41.3 million , $ 41.6 million and $ 39.8 million , respectively .these costs are included in cost of goods sold and selling and administrative expenses .pca was obligated under capital leases covering buildings and machinery and equipment in the amount of $ 23.1 million and $ 23.7 million at december 31 , 2009 and 2008 , respectively .during the fourth quarter of 2008 , the company entered into a capital lease relating to buildings and machinery , totaling $ 23.9 million , payable over 20 years .this capital lease amount is a non-cash transaction and , accordingly , has been excluded packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2009 .
|
capital leases covering buildings and machinery and equipment in millions totaled what for 2009 and 2008?
|
46.8
|
{
"answer": "46.8",
"decimal": 46.8,
"type": "float"
}
| |
page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .acquisitions latapack-ball embalagens ltda .( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .the valuation was based on market and income approaches. .
[['cash', '$ 69.3'], ['current assets', '84.7'], ['property plant and equipment', '265.9'], ['goodwill', '100.2'], ['intangible asset', '52.8'], ['current liabilities', '-53.2 ( 53.2 )'], ['long-term liabilities', '-174.1 ( 174.1 )'], ['net assets acquired', '$ 345.6'], ['noncontrolling interests', '$ -132.9 ( 132.9 )']]
noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .the intangible asset is being amortized on a straight-line basis .neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .ball has owned 35 percent of the joint venture plant since 1992 .ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .the purchase accounting was completed during the third quarter of 2010 .the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
|
what percentage of net assets acquired was goodwill?
|
29%
|
{
"answer": "29%",
"decimal": 0.29,
"type": "percentage"
}
| |
an institution rated single-a by the credit rating agencies .given the illiquid nature of many of these types of investments , it can be a challenge to determine their fair values .see note 7 fair value in the notes to consolidated financial statements in item 8 of this report for additional information .various pnc business units manage our equity and other investment activities .our businesses are responsible for making investment decisions within the approved policy limits and associated guidelines .a summary of our equity investments follows : table 48 : equity investments summary in millions december 31 december 31 .
[['in millions', 'december 312015', 'december 312014'], ['blackrock', '$ 6626', '$ 6265'], ['tax credit investments', '2254', '2616'], ['private equity', '1441', '1615'], ['visa', '31', '77'], ['other', '235', '155'], ['total', '$ 10587', '$ 10728']]
blackrock pnc owned approximately 35 million common stock equivalent shares of blackrock equity at december 31 , 2015 , accounted for under the equity method .the primary risk measurement , similar to other equity investments , is economic capital .the business segments review section of this item 7 includes additional information about blackrock .tax credit investments included in our equity investments are direct tax credit investments and equity investments held by consolidated partnerships which totaled $ 2.3 billion at december 31 , 2015 and $ 2.6 billion at december 31 , 2014 .these equity investment balances include unfunded commitments totaling $ 669 million and $ 717 million at december 31 , 2015 and december 31 , 2014 , respectively .these unfunded commitments are included in other liabilities on our consolidated balance sheet .note 2 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements in item 8 of this report has further information on tax credit investments .private equity the private equity portfolio is an illiquid portfolio comprised of mezzanine and equity investments that vary by industry , stage and type of investment .private equity investments carried at estimated fair value totaled $ 1.4 billion at december 31 , 2015 and $ 1.6 billion at december 31 , 2014 .as of december 31 , 2015 , $ 1.1 billion was invested directly in a variety of companies and $ .3 billion was invested indirectly through various private equity funds .included in direct investments are investment activities of two private equity funds that are consolidated for financial reporting purposes .the noncontrolling interests of these funds totaled $ 170 million as of december 31 , 2015 .the interests held in indirect private equity funds are not redeemable , but pnc may receive distributions over the life of the partnership from liquidation of the underlying investments .see item 1 business 2013 supervision and regulation and item 1a risk factors of this report for discussion of the potential impacts of the volcker rule provisions of dodd-frank on our interests in and of private funds covered by the volcker rule .in 2015 , pnc invested with six other banks in early warning services ( ews ) , a provider of fraud prevention and risk management solutions .ews then acquired clearxchange , a network through which customers send and receive person-to- person payments .integrating these businesses will enable us to , among other things , create a secure , real-time payments network .our unfunded commitments related to private equity totaled $ 126 million at december 31 , 2015 compared with $ 140 million at december 31 , 2014 .see note 7 fair value , note 20 legal proceedings and note 21 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information regarding the october 2007 visa restructuring , our involvement with judgment and loss sharing agreements with visa and certain other banks , the status of pending interchange litigation , the sales of portions of our visa class b common shares and the related swap agreements with the purchasers .during 2015 , we sold 2.0 million visa class b common shares , in addition to the 16.5 million shares sold in previous years .we have entered into swap agreements with the purchasers of the shares as part of these sales .see note 7 fair value in the notes to consolidated financial statements in item 8 of this report for additional information .at december 31 , 2015 , our investment in visa class b common shares totaled approximately 4.9 million shares and had a carrying value of $ 31 million .based on the december 31 , 2015 closing price of $ 77.55 for the visa class a common shares , the fair value of our total investment was approximately $ 622 million at the current conversion rate .the visa class b common shares that we own are transferable only under limited circumstances until they can be converted into shares of the publicly traded class of stock , which cannot happen until the settlement of all of the specified litigation .90 the pnc financial services group , inc .2013 form 10-k .
|
what was the change in private equity investments carried at estimated fair value between december 31 , 2015 and december 31 , 2014 , in billions?
|
0.2
|
{
"answer": "0.2",
"decimal": 0.2,
"type": "float"
}
| |
transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2013 to december 31 , 2013 .total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
[['', 'total number ofshares ( or units ) purchased1', 'average price paidper share ( or unit ) 2', 'total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3', 'maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3'], ['october 1 - 31', '3351759', '$ 16.63', '3350692', '$ 263702132'], ['november 1 - 30', '5202219', '$ 17.00', '5202219', '$ 175284073'], ['december 1 - 31', '3323728', '$ 17.07', '3323728', '$ 118560581'], ['total', '11877706', '$ 16.91', '11876639', '']]
1 includes shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .we repurchased 1067 withheld shares in october 2013 .no withheld shares were purchased in november or december of 2013 .2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 6 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .3 in february 2013 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2013 share repurchase program 201d ) .in march 2013 , the board authorized an increase in the amount available under our 2013 share repurchase program up to $ 500.0 million , excluding fees , of our common stock .on february 14 , 2014 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .the new authorization is in addition to any amounts remaining available for repurchase under the 2013 share repurchase program .there is no expiration date associated with the share repurchase programs. .
|
about how many more shares will the company still buy back in their repurchase plan if they paid $ 16.91 a share?
|
7011270 or about 7 million shares
|
{
"answer": "7011270 or about 7 million shares",
"decimal": 7011270,
"type": "open_ended_answer"
}
|
the amount of money left over is given on the right side of the table . we take that amount of money and divide it by the share price in order to get the amount of shares that can be bought .
|
management 2019s discussion and analysis j.p .morgan chase & co .26 j.p .morgan chase & co ./ 2003 annual report $ 41.7 billion .nii was reduced by a lower volume of commercial loans and lower spreads on investment securities .as a compo- nent of nii , trading-related net interest income of $ 2.1 billion was up 13% ( 13 % ) from 2002 due to a change in the composition of , and growth in , trading assets .the firm 2019s total average interest-earning assets in 2003 were $ 590 billion , up 6% ( 6 % ) from the prior year .the net interest yield on these assets , on a fully taxable-equivalent basis , was 2.10% ( 2.10 % ) , compared with 2.09% ( 2.09 % ) in the prior year .noninterest expense year ended december 31 .
[['( in millions )', '2003', '2002', 'change'], ['compensation expense', '$ 11695', '$ 10983', '6% ( 6 % )'], ['occupancy expense', '1912', '1606', '19'], ['technology and communications expense', '2844', '2554', '11'], ['other expense', '5137', '5111', '1'], ['surety settlement and litigation reserve', '100', '1300', '-92 ( 92 )'], ['merger and restructuring costs', '2014', '1210', 'nm'], ['total noninterest expense', '$ 21688', '$ 22764', '( 5 ) % ( % )']]
technology and communications expense in 2003 , technology and communications expense was 11% ( 11 % ) above the prior-year level .the increase was primarily due to a shift in expenses : costs that were previously associated with compensation and other expenses shifted , upon the commence- ment of the ibm outsourcing agreement , to technology and communications expense .also contributing to the increase were higher costs related to software amortization .for a further dis- cussion of the ibm outsourcing agreement , see support units and corporate on page 44 of this annual report .other expense other expense in 2003 rose slightly from the prior year , reflecting higher outside services .for a table showing the components of other expense , see note 8 on page 96 of this annual report .surety settlement and litigation reserve the firm added $ 100 million to the enron-related litigation reserve in 2003 to supplement a $ 900 million reserve initially recorded in 2002 .the 2002 reserve was established to cover enron-related matters , as well as certain other material litigation , proceedings and investigations in which the firm is involved .in addition , in 2002 the firm recorded a charge of $ 400 million for the settlement of enron-related surety litigation .merger and restructuring costs merger and restructuring costs related to business restructurings announced after january 1 , 2002 , were recorded in their relevant expense categories .in 2002 , merger and restructuring costs of $ 1.2 billion , for programs announced prior to january 1 , 2002 , were viewed by management as nonoperating expenses or 201cspecial items . 201d refer to note 8 on pages 95 201396 of this annual report for a further discussion of merger and restructuring costs and for a summary , by expense category and business segment , of costs incurred in 2003 and 2002 for programs announced after january 1 , 2002 .provision for credit losses the 2003 provision for credit losses was $ 2.8 billion lower than in 2002 , primarily reflecting continued improvement in the quality of the commercial loan portfolio and a higher volume of credit card securitizations .for further information about the provision for credit losses and the firm 2019s management of credit risk , see the dis- cussions of net charge-offs associated with the commercial and consumer loan portfolios and the allowance for credit losses , on pages 63 201365 of this annual report .income tax expense income tax expense was $ 3.3 billion in 2003 , compared with $ 856 million in 2002 .the effective tax rate in 2003 was 33% ( 33 % ) , compared with 34% ( 34 % ) in 2002 .the tax rate decline was principally attributable to changes in the proportion of income subject to state and local taxes .compensation expense compensation expense in 2003 was 6% ( 6 % ) higher than in the prior year .the increase principally reflected higher performance-related incentives , and higher pension and other postretirement benefit costs , primarily as a result of changes in actuarial assumptions .for a detailed discussion of pension and other postretirement benefit costs , see note 6 on pages 89 201393 of this annual report .the increase pertaining to incentives included $ 266 million as a result of adopting sfas 123 , and $ 120 million from the reversal in 2002 of previously accrued expenses for certain forfeitable key employ- ee stock awards , as discussed in note 7 on pages 93 201395 of this annual report .total compensation expense declined as a result of the transfer , beginning april 1 , 2003 , of 2800 employees to ibm in connection with a technology outsourcing agreement .the total number of full-time equivalent employees at december 31 , 2003 was 93453 compared with 94335 at the prior year-end .occupancy expense occupancy expense of $ 1.9 billion rose 19% ( 19 % ) from 2002 .the increase reflected costs of additional leased space in midtown manhattan and in the south and southwest regions of the united states ; higher real estate taxes in new york city ; and the cost of enhanced safety measures .also contributing to the increase were charges for unoccupied excess real estate of $ 270 million ; this compared with $ 120 million in 2002 , mostly in the third quarter of that year. .
|
what is the average compensation expense per employee in 2003?
|
125143
|
{
"answer": "125143",
"decimal": 125143,
"type": "float"
}
| |
entergy louisiana , llc management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .following is an analysis of the change in net revenue comparing 2007 to 2006 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2006 net revenue', '$ 942.1'], ['base revenues', '78.4'], ['volume/weather', '37.5'], ['transmission revenue', '9.2'], ['purchased power capacity', '-80.0 ( 80.0 )'], ['other', '3.9'], ['2007 net revenue', '$ 991.1']]
the base revenues variance is primarily due to increases effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing capacity costs .see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing .the volume/weather variance is due to increased electricity usage , including electricity sales during the unbilled service period .billed retail electricity usage increased a total of 666 gwh in all sectors compared to 2006 .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues .the transmission revenue variance is primarily due to higher rates .the purchased power capacity variance is primarily due to higher purchased power capacity charges and the amortization of capacity charges effective september 2006 as a result of the formula rate plan filing in may 2006 .a portion of the purchased power capacity costs is offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges , as mentioned above .see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing .gross operating revenues , fuel , purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to : an increase of $ 143.1 million in fuel cost recovery revenues due to higher fuel rates and usage ; an increase of $ 78.4 million in base revenues , as discussed above ; and an increase of $ 37.5 million related to volume/weather , as discussed above .fuel and purchased power expenses increased primarily due to an increase in net area demand and an increase in deferred fuel expense as a result of higher fuel rates , as discussed above .other regulatory credits decreased primarily due to the deferral of capacity charges in 2006 in addition to the amortization of these capacity charges in 2007 as a result of the may 2006 formula rate plan filing ( for the 2005 test year ) with the lpsc to recover such costs through base rates effective september 2006 .see note 2 to the financial statements for a discussion of the formula rate plan and storm cost recovery filings with the lpsc. .
|
what is the growth rate in net revenue in 2007?
|
5.2%
|
{
"answer": "5.2%",
"decimal": 0.052000000000000005,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 75.0 million and network location intangibles of approximately $ 72.7 million .the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes .the goodwill was allocated to the company 2019s international rental and management segment .on september 12 , 2012 , the company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from telef f3nica mexico .on september 27 , 2012 and december 14 , 2012 , the company completed the purchase of 279 and 2 communications sites , for an aggregate purchase price of $ 63.5 million ( including value added tax of $ 8.8 million ) .the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation .
[['', 'preliminary purchase price allocation'], ['current assets', '$ 8763'], ['non-current assets', '2332'], ['property and equipment', '26711'], ['intangible assets ( 1 )', '21079'], ['other non-current liabilities', '-1349 ( 1349 )'], ['fair value of net assets acquired', '$ 57536'], ['goodwill ( 2 )', '5998']]
( 1 ) consists of customer-related intangibles of approximately $ 10.7 million and network location intangibles of approximately $ 10.4 million .the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes .the goodwill was allocated to the company 2019s international rental and management segment .on november 16 , 2012 , the company entered into an agreement to purchase up to 198 additional communications sites from telef f3nica mexico .on december 14 , 2012 , the company completed the purchase of 188 communications sites , for an aggregate purchase price of $ 64.2 million ( including value added tax of $ 8.9 million ) . .
|
what was the ratio of the customer-related intangibles to the network location intangibles included in the financial statements of american tower corporation and subsidiaries
|
1.03
|
{
"answer": "1.03",
"decimal": 1.03,
"type": "float"
}
| |
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 ( 1 ) weighted average interest rate at december 31 , 2011 .( 2 ) the company has interest rate swaps and interest rate option agreements in an aggregate notional principal amount of approximately $ 3.6 billion on non-recourse debt outstanding at december 31 , 2011 .the swap agreements economically change the variable interest rates on the portion of the debt covered by the notional amounts to fixed rates ranging from approximately 1.44% ( 1.44 % ) to 6.98% ( 6.98 % ) .the option agreements fix interest rates within a range from 1.00% ( 1.00 % ) to 7.00% ( 7.00 % ) .the agreements expire at various dates from 2016 through 2028 .( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions .( 4 ) non-recourse debt of $ 704 million and $ 945 million as of december 31 , 2011 and 2010 , respectively , was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets .non-recourse debt as of december 31 , 2011 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) .
[['december 31,', 'annual maturities ( in millions )'], ['2012', '$ 2152'], ['2013', '1389'], ['2014', '1697'], ['2015', '851'], ['2016', '2301'], ['thereafter', '7698'], ['total non-recourse debt', '$ 16088']]
as of december 31 , 2011 , aes subsidiaries with facilities under construction had a total of approximately $ 1.4 billion of committed but unused credit facilities available to fund construction and other related costs .excluding these facilities under construction , aes subsidiaries had approximately $ 1.2 billion in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs .these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses .the weighted average interest rate on borrowings from these facilities was 14.75% ( 14.75 % ) at december 31 , 2011 .on october 3 , 2011 , dolphin subsidiary ii , inc .( 201cdolphin ii 201d ) , a newly formed , wholly-owned special purpose indirect subsidiary of aes , entered into an indenture ( the 201cindenture 201d ) with wells fargo bank , n.a .( the 201ctrustee 201d ) as part of its issuance of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 ( the 201c2016 notes 201d ) and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( the 201c7.25% ( 201c7.25 % ) 2021 notes 201d , together with the 2016 notes , the 201cnotes 201d ) to finance the acquisition ( the 201cacquisition 201d ) of dpl .upon closing of the acquisition on november 28 , 2011 , dolphin ii was merged into dpl with dpl being the surviving entity and obligor .the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes are included under 201cnotes and bonds 201d in the non-recourse detail table above .see note 23 2014acquisitions and dispositions for further information .interest on the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes accrues at a rate of 6.50% ( 6.50 % ) and 7.25% ( 7.25 % ) per year , respectively , and is payable on april 15 and october 15 of each year , beginning april 15 , 2012 .prior to september 15 , 2016 with respect to the 2016 notes and july 15 , 2021 with respect to the 7.25% ( 7.25 % ) 2021 notes , dpl may redeem some or all of the 2016 notes or 7.25% ( 7.25 % ) 2021 notes at par , plus a 201cmake-whole 201d amount set forth in .
|
what percentage of lt debt is due in greater than 5 years?\\n
|
47.8%
|
{
"answer": "47.8%",
"decimal": 0.478,
"type": "percentage"
}
| |
item 1a .risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities .if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly .risks relating to our business fluctuations in the financial markets could result in investment losses .prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio .although financial markets have significantly improved since 2008 , they could deteriorate in the future .there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years .such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings .our results could be adversely affected by catastrophic events .we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism .any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations .by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: .
[['calendar year:', 'pre-tax catastrophe losses'], ['( dollars in millions )', ''], ['2017', '$ 1472.6'], ['2016', '301.2'], ['2015', '53.8'], ['2014', '56.3'], ['2013', '194.0']]
our losses from future catastrophic events could exceed our projections .we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool .we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area .these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
|
what was the average pre-tax catastrophe losses from 2013 to 2017
|
415.58
|
{
"answer": "415.58",
"decimal": 415.58,
"type": "float"
}
| |
management 2019s discussion and analysis we believe our credit ratings are primarily based on the credit rating agencies 2019 assessment of : 2030 our liquidity , market , credit and operational risk management practices ; 2030 the level and variability of our earnings ; 2030 our capital base ; 2030 our franchise , reputation and management ; 2030 our corporate governance ; and 2030 the external operating environment , including the assumed level of government support .certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings .we assess the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies .a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies .we allocate a portion of our gce to ensure we would be able to make the additional collateral or termination payments that may be required in the event of a two-notch reduction in our long-term credit ratings , as well as collateral that has not been called by counterparties , but is available to them .the table below presents the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in our credit ratings. .
[['in millions', 'as of december 2012', 'as of december 2011'], ['additional collateral or termination payments for a one-notch downgrade', '$ 1534', '$ 1303'], ['additional collateral or termination payments for a two-notch downgrade', '2500', '2183']]
in millions 2012 2011 additional collateral or termination payments for a one-notch downgrade $ 1534 $ 1303 additional collateral or termination payments for a two-notch downgrade 2500 2183 cash flows as a global financial institution , our cash flows are complex and bear little relation to our net earnings and net assets .consequently , we believe that traditional cash flow analysis is less meaningful in evaluating our liquidity position than the excess liquidity and asset-liability management policies described above .cash flow analysis may , however , be helpful in highlighting certain macro trends and strategic initiatives in our businesses .year ended december 2012 .our cash and cash equivalents increased by $ 16.66 billion to $ 72.67 billion at the end of 2012 .we generated $ 9.14 billion in net cash from operating and investing activities .we generated $ 7.52 billion in net cash from financing activities from an increase in bank deposits , partially offset by net repayments of unsecured and secured long-term borrowings .year ended december 2011 .our cash and cash equivalents increased by $ 16.22 billion to $ 56.01 billion at the end of 2011 .we generated $ 23.13 billion in net cash from operating and investing activities .we used net cash of $ 6.91 billion for financing activities , primarily for repurchases of our series g preferred stock and common stock , partially offset by an increase in bank deposits .year ended december 2010 .our cash and cash equivalents increased by $ 1.50 billion to $ 39.79 billion at the end of 2010 .we generated $ 7.84 billion in net cash from financing activities primarily from net proceeds from issuances of short-term secured financings .we used net cash of $ 6.34 billion for operating and investing activities , primarily to fund an increase in securities purchased under agreements to resell and an increase in cash and securities segregated for regulatory and other purposes , partially offset by cash generated from a decrease in securities borrowed .goldman sachs 2012 annual report 87 .
|
what is the percentage of additional collateral or termination payments for a two-notch downgrade over additional collateral or termination payments for a one-notch downgrade for 2012?
|
63%
|
{
"answer": "63%",
"decimal": 0.63,
"type": "percentage"
}
| |
wrote-off debt issuance costs of $ 4 million , which resulted in an extraordinary loss for the early retirement of debt .net income net income decreased $ 522 million to $ 273 million in 2001 from $ 795 million in 2000 .the overall decrease in net income is due to decreased net income from competitive supply and large utility businesses offset slightly by increases in the contract generation and growth distribution businesses .the decreases are primarily due to lower market prices in the united kingdom and the decline in the brazilian real during 2001 resulting in foreign currency transaction losses of approximately $ 210 million .additionally the company recorded severance and transaction costs related to the ipalco pooling-of-interest transaction and a loss from discontinued operations of $ 194 million .our 10 largest contributors to net income in 2001 were as follows : lal pir/pak gen , shady point and thames from contract generation ; somerset from competitive supply ; edc , eletropaulo , ipalco , cilcorp and cemig from large utilities ; and sul from growth distribution .2000 compared to 1999 revenues revenues increased $ 3.4 billion , or 83% ( 83 % ) , to $ 7.5 billion in 2000 from $ 4.1 billion in 1999 .the increase in revenues is due primarily to the acquisition of new businesses .excluding businesses acquired or that commenced commercial operations during 2000 or 1999 , revenues increased 6% ( 6 % ) to $ 3.6 billion. .
[['', '2000', '1999', '% ( % ) change'], ['contract generation', '$ 1.7 billion', '$ 1.3 billion', '31% ( 31 % )'], ['competitive supply', '$ 2.4 billion', '$ 873 million', '175% ( 175 % )'], ['large utilities', '$ 2.1 billion', '$ 992 million', '112% ( 112 % )'], ['growth distribution', '$ 1.3 billion', '$ 948 million', '37% ( 37 % )']]
contract generation revenues increased $ 400 million , or 31% ( 31 % ) , to $ 1.7 billion in 2000 from $ 1.3 billion in 1999 .excluding businesses acquired or that commenced commercial operations in 2000 or 1999 , contract generation revenues increased 4% ( 4 % ) to $ 1.3 billion in 2000 .the increase in contract generation segment revenues was due primarily to increases in south america , north america , caribbean and asia , offset by a slight decline in europe/africa .in south america , contract generation segment revenue increased $ 245 million , and this is due mainly to the acquisition of tiete .in north america , contract generation segment revenues increased $ 76 million due primarily to the start of commercial operations at warrior run in january 2000 .in the caribbean , contract generation segment revenues increased $ 92 million due primarily to the start of commercial operations at merida iii in june 2000 and increased revenues from los mina .in asia , contract generation segment revenue increased $ 41 million due primarily to increased operations at the ecogen peaking plant and lal pir and pak gen in pakistan .in europe/africa , contract generation segment revenues remained fairly constant with decreases at tisza ii in hungary being offset by the acquisition of a controlling interest at kilroot .competitive supply revenues increased $ 1.5 billion , or 175% ( 175 % ) , to $ 2.4 billion in 2000 from $ 873 million in 1999 .excluding businesses acquired or that commenced commercial operations in 2000 or 1999 , competitive supply revenues increased 25% ( 25 % ) to $ 477 million in 2000 .the most significant increases occurred within north america and europe/africa .slight increases occurred in south america and the caribbean .asia reported a slight decrease .in north america , competitive supply segment revenues increased $ 610 million due primarily to the new york plants and new energy .
|
without the new york plants and new energy changes , what would 2000 competitive supply segment revenues have been in billions?
|
3.01
|
{
"answer": "3.01",
"decimal": 3.01,
"type": "float"
}
| |
part ii item 5 .market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities information on the market for our common stock , number of shareowners and dividends is located in note 15 within notes to consolidated financial statements .in december 2012 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 300 million during 2013 .on april 26 , 2013 , the board of directors approved an authorization to repurchase up to $ 1 billion in shares through april 2014 .in february 2014 , the board of directors approved a new authorization to repurchase up to $ 1.5 billion in shares through december 2015 .this authorization supersedes the april 2013 authorization and is intended to allow us to repurchase shares for general corporate purposes and to offset issuances for employee benefit programs .during 2013 , the company repurchased approximately 9 million shares for a total of $ 544 million .the following table provides information with respect to purchases of common shares under programs authorized by our board of directors during the quarter ended december 28 , 2013 .( millions , except per share data ) period number shares purchased average paid per number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs month #1 : 9/29/13-10/26/13 2014 2014 2014 $ 456 month #2 : 10/27/13-11/23/13 2014 2014 2014 $ 456 month #3 : 11/24/13-12/28/13 2014 2014 2014 $ 456 .
[['period', '( a ) total number of shares purchased', '( b ) average price paid per share', '( c ) total number of shares purchased as part of publicly announced plansor programs', '( d ) approximate dollar value of shares that may yet be purchased under the plansor programs'], ['month #1 : 9/29/13-10/26/13', '2014', '2014', '2014', '$ 456'], ['month #2 : 10/27/13-11/23/13', '2014', '2014', '2014', '$ 456'], ['month #3 : 11/24/13-12/28/13', '2014', '2014', '2014', '$ 456']]
part ii item 5 .market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities information on the market for our common stock , number of shareowners and dividends is located in note 15 within notes to consolidated financial statements .in december 2012 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 300 million during 2013 .on april 26 , 2013 , the board of directors approved an authorization to repurchase up to $ 1 billion in shares through april 2014 .in february 2014 , the board of directors approved a new authorization to repurchase up to $ 1.5 billion in shares through december 2015 .this authorization supersedes the april 2013 authorization and is intended to allow us to repurchase shares for general corporate purposes and to offset issuances for employee benefit programs .during 2013 , the company repurchased approximately 9 million shares for a total of $ 544 million .the following table provides information with respect to purchases of common shares under programs authorized by our board of directors during the quarter ended december 28 , 2013 .( millions , except per share data ) period number shares purchased average paid per number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs month #1 : 9/29/13-10/26/13 2014 2014 2014 $ 456 month #2 : 10/27/13-11/23/13 2014 2014 2014 $ 456 month #3 : 11/24/13-12/28/13 2014 2014 2014 $ 456 .
|
what was the average share price in 2013? ( $ )
|
60.44
|
{
"answer": "60.44",
"decimal": 60.44,
"type": "float"
}
| |
notes receivable in 2014 , we entered into a $ 3.0 million promissory note with a privately held company which was recorded at cost .the interest rate on the promissory note is 8.0% ( 8.0 % ) per annum and is payable quarterly .all unpaid principal and accrued interest on the promissory note is due and payable on the earlier of august 26 , 2017 , or upon default .5 .commitments and contingencies operating leases we lease various operating spaces in north america , europe , asia and australia under non-cancelable operating lease arrangements that expire on various dates through 2024 .these arrangements require us to pay certain operating expenses , such as taxes , repairs , and insurance and contain renewal and escalation clauses .we recognize rent expense under these arrangements on a straight-line basis over the term of the lease .as of december 31 , 2015 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 .
[['2016', '$ 6306'], ['2017', '6678'], ['2018', '6260'], ['2019', '5809'], ['2020', '5580'], ['thereafter', '21450'], ['total minimum future lease payments', '$ 52083']]
rent expense for all operating leases amounted to $ 6.7 million , $ 3.3 million and $ 3.6 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .financing obligation 2014build-to-suit lease in august 2012 , we executed a lease for a building then under construction in santa clara , california to serve as our headquarters .the lease term is 120 months and commenced in august 2013 .based on the terms of the lease agreement and due to our involvement in certain aspects of the construction such as our financial involvement in structural elements of asset construction , making decisions related to tenant improvement costs and purchasing insurance not reimbursable by the buyer-lessor ( the landlord ) , we were deemed the owner of the building ( for accounting purposes only ) during the construction period .we continue to maintain involvement in the property post construction completion and lack transferability of the risks and rewards of ownership , due to our required maintenance of a $ 4.0 million letter of credit , in addition to our ability and option to sublease our portion of the leased building for fees substantially higher than our base rate .due to our continued involvement in the property and lack of transferability of related risks and rewards of ownership to the landlord post construction , we account for the building and related improvements as a lease financing obligation .accordingly , as of december 31 , 2015 and 2014 , we have recorded assets of $ 53.4 million , representing the total costs of the building and improvements incurred , including the costs paid by the lessor ( the legal owner of the building ) and additional improvement costs paid by us , and a corresponding financing obligation of $ 42.5 million and $ 43.6 million , respectively .as of december 31 , 2015 , $ 1.3 million and $ 41.2 million were recorded as short-term and long-term financing obligations , respectively .land lease expense under our lease financing obligation included in rent expense above , amounted to $ 1.3 million and $ 1.2 million for the years ended december 31 , 2015 and 2014 , respectively .there was no land lease expense for the year ended december 31 , 2013. .
|
what is the expected growth rate in the rent expense for operating leases in 2016?
|
-6.0%
|
{
"answer": "-6.0%",
"decimal": -0.06,
"type": "percentage"
}
| |
hologic , inc .notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) the company has considered the provision of eitf issue no .95-8 , accounting for contingent consideration paid to the shareholders of and acquired enterprise in a purchase business combination , and concluded that this contingent consideration represents additional purchase price .during the fourth quarter of fiscal 2007 the company paid approximately $ 19000 to former suros shareholders for the first annual earn-out period resulting in an increase to goodwill for the same amount .goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable for the second annual earn-out .in addition to the earn-out discussed above , the company increased goodwill related to the suros acquisition in the amount of $ 210 during the year ended september 29 , 2007 .the increase was primarily related to recording a liability of approximately $ 550 in accordance with eitf 95-3 related to the termination of certain employees who have ceased all services for the company .approximately $ 400 of this liability was paid during the year ended september 29 , 2007 and the balance is expected to be paid by the end of the second quarter of fiscal 2008 .this increase was partially offset by a decrease to goodwill as a result of a change in the valuation of certain assets and liabilities acquired based on information received during the year ended september 29 , 2007 .there have been no other material changes to purchase price allocations as disclosed in the company 2019s form 10-k for the year ended september 30 , 2006 .as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued .it was determined that only customer relationship , trade name , developed technology and know how and in-process research and development had separately identifiable values .customer relationship represents suros large installed base that are expected to purchase disposable products on a regular basis .trade name represent the suros product names that the company intends to continue to use .developed technology and know how represents currently marketable purchased products that the company continues to resell as well as utilize to enhance and incorporate into the company 2019s existing products .the estimated $ 4900 of purchase price allocated to in-process research and development projects primarily related to suros 2019 disposable products .the projects were at various stages of completion and include next generation handpiece and site marker technologies .the company has continued to work on these projects and expects they will be completed during fiscal 2008 .the deferred income tax liability relates to the tax effect of acquired identifiable intangible assets , and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes , partially offset by acquired net operating loss carry forwards that the company believes are realizable .for all of the acquisitions discussed above , goodwill represents the excess of the purchase price over the net identifiable tangible and intangible assets acquired .the company determined that the acquisition of each aeg , biolucent , r2 and suros resulted in the recognition of goodwill primarily because of synergies unique to the company and the strength of its acquired workforce .supplemental unaudited pro-forma information the following unaudited pro forma information presents the consolidated results of operations of the company , r2 and suros as if the acquisitions had occurred at the beginning of fiscal 2006 , with pro forma adjustments to give effect to amortization of intangible assets , an increase in interest expense on acquisition financing and certain other adjustments together with related tax effects: .
[['', '2006'], ['net revenue', '$ 524340'], ['net income', '28649'], ['net income per share 2014basic', '$ 0.55'], ['net income per share 2014assuming dilution', '$ 0.33']]
.
|
based on the eps , how many shares are estimated to be oustanding?
|
52089.1
|
{
"answer": "52089.1",
"decimal": 52089.1,
"type": "float"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) market and lease the unused tower space on the broadcast towers ( the economic rights ) .tv azteca retains title to these towers and is responsible for their operation and maintenance .the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants .the term of the economic rights agreement is seventy years ; however , tv azteca has the right to purchase , at fair market value , the economic rights from the company at any time during the last fifty years of the agreement .should tv azteca elect to purchase the economic rights ( in whole or in part ) , it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election .the company 2019s obligation to pay tv azteca $ 1.5 million annually would also be reduced proportionally .the company has accounted for the annual payment of $ 1.5 million as a capital lease ( initially recording an asset and a corresponding liability of approximately $ 18.6 million ) .the capital lease asset and the discount on the note , which aggregate approximately $ 30.2 million , represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement .on a quarterly basis , the company assesses the recoverability of its note receivable from tv azteca .as of december 31 , 2007 and 2006 , the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required .a former executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006 .as of december 31 , 2007 and 2006 , the company also had other long-term notes receivable outstanding of approximately $ 4.3 million and $ 11.0 million , respectively .8 .derivative financial instruments the company enters into interest rate protection agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments .under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract .such exposure was limited to the current value of the contract at the time the counterparty fails to perform .the company believes its contracts as of december 31 , 2007 and 2006 are with credit worthy institutions .as of december 31 , 2007 and 2006 , the carrying amounts of the company 2019s derivative financial instruments , along with the estimated fair values of the related assets reflected in notes receivable and other long-term assets and ( liabilities ) reflected in other long-term liabilities in the accompanying consolidated balance sheet , are as follows ( in thousands except percentages ) : as of december 31 , 2007 notional amount interest rate term carrying amount and fair value .
[['as of december 31 2007', 'notional amount', 'interest rate', 'term', 'carrying amount and fair value'], ['interest rate swap agreement', '$ 150000', '3.95% ( 3.95 % )', 'expiring in 2009', '$ -369 ( 369 )'], ['interest rate swap agreement', '100000', '4.08% ( 4.08 % )', 'expiring in 2010', '-571 ( 571 )'], ['total', '$ 250000', '', '', '$ -940 ( 940 )']]
.
|
what is the yearly amortization expense for the economic rights agreement assuming an 11 year effective life?
|
2740000
|
{
"answer": "2740000",
"decimal": 2740000,
"type": "float"
}
| |
contractual obligations significant contractual obligations as of december 29 , 2018 were as follows: .
[['( in millions )', 'payments due by period total', 'payments due by period less than1 year', 'payments due by period 1 20133 years', 'payments due by period 3 20135 years', 'payments due by period more than5 years'], ['operating lease obligations', '$ 835', '$ 229', '$ 314', '$ 171', '$ 121'], ['capital purchase obligations1', '9029', '7888', '795', '345', '1'], ['other purchase obligations and commitments2', '3249', '1272', '1781', '178', '18'], ['tax obligations3', '4732', '143', '426', '1234', '2929'], ['long-term debt obligations4', '40187', '1518', '7583', '6173', '24913'], ['other long-term liabilities5', '1626', '722', '708', '95', '101'], ['total6', '$ 59658', '$ 11772', '$ 11607', '$ 8196', '$ 28083']]
capital purchase obligations1 9029 7888 795 345 1 other purchase obligations and commitments2 3249 1272 1781 178 18 tax obligations3 4732 143 426 1234 2929 long-term debt obligations4 40187 1518 7583 6173 24913 other long-term liabilities5 1626 722 708 95 101 total6 $ 59658 $ 11772 $ 11607 $ 8196 $ 28083 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment .they were not recorded as liabilities on our consolidated balance sheets as of december 29 , 2018 , as we had not yet received the related goods nor taken title to the property .2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations .3 tax obligations represent the future cash payments related to tax reform enacted in 2017 for the one-time transition tax on our previously untaxed foreign earnings .for further information , see 201cnote 9 : income taxes 201d within the consolidated financial statements .4 amounts represent principal payments for all debt obligations and interest payments for fixed-rate debt obligations .interest payments on floating-rate debt obligations , as well as the impact of fixed-rate to floating-rate debt swaps , are excluded .debt obligations are classified based on their stated maturity date , regardless of their classification on the consolidated balance sheets .any future settlement of convertible debt would impact our cash payments .5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities .derivative instruments are excluded from the preceding table , as they do not represent the amounts that may ultimately be paid .6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities , except for the short-term portions of long-term debt obligations and other long-term liabilities .the expected timing of payments of the obligations in the preceding table is estimated based on current information .timing of payments and actual amounts paid may be different , depending on the time of receipt of goods or services , or changes to agreed- upon amounts for some obligations .contractual obligations for purchases of goods or services included in 201cother purchase obligations and commitments 201d in the preceding table include agreements that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction .for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee .for the purchase of raw materials , we have entered into certain agreements that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements .due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements have been excluded from the preceding table .our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons .in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements .contractual obligations that are contingent upon the achievement of certain milestones have been excluded from the preceding table .most of our milestone-based contracts are tooling related for the purchase of capital equipment .these arrangements are not considered contractual obligations until the milestone is met by the counterparty .as of december 29 , 2018 , assuming that all future milestones are met , the additional required payments would be approximately $ 688 million .for the majority of restricted stock units ( rsus ) granted , the number of shares of common stock issued on the date the rsus vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees .the obligation to pay the relevant taxing authority is excluded from the preceding table , as the amount is contingent upon continued employment .in addition , the amount of the obligation is unknown , as it is based in part on the market price of our common stock when the awards vest .md&a consolidated results and analysis 42 .
|
what percentage of total contractual obligations as of december 29 , 2018 are due to long-term debt obligations?
|
67%
|
{
"answer": "67%",
"decimal": 0.67,
"type": "percentage"
}
| |
table of contents our certificate of incorporation and bylaws include anti-takeover provisions that may make it difficult for another company to acquire control of us or limit the price investors might be willing to pay for our stock .certain provisions of our certificate of incorporation and bylaws could delay the removal of incumbent directors and could make it more difficult to successfully complete a merger , tender offer , or proxy contest involving us .our certificate of incorporation has provisions that give our board the ability to issue preferred stock and determine the rights and designations of the preferred stock at any time without stockholder approval .the rights of the holders of our common stock will be subject to , and may be adversely affected by , the rights of the holders of any preferred stock that may be issued in the future .the issuance of preferred stock , while providing flexibility in connection with possible acquisitions and other corporate purposes , could have the effect of making it more difficult for a third party to acquire , or of discouraging a third party from acquiring , a majority of our outstanding voting stock .in addition , the staggered terms of our board of directors could have the effect of delaying or deferring a change in control .in addition , certain provisions of the delaware general corporation law ( dgcl ) , including section 203 of the dgcl , may have the effect of delaying or preventing changes in the control or management of illumina .section 203 of the dgcl provides , with certain exceptions , for waiting periods applicable to business combinations with stockholders owning at least 15% ( 15 % ) and less than 85% ( 85 % ) of the voting stock ( exclusive of stock held by directors , officers , and employee plans ) of a company .the above factors may have the effect of deterring hostile takeovers or otherwise delaying or preventing changes in the control or management of illumina , including transactions in which our stockholders might otherwise receive a premium over the fair market value of our common stock .item 1b .unresolved staff comments .item 2 .properties .the following table summarizes the facilities we leased as of december 30 , 2018 , including the location and size of each principal facility , and their designated use .we believe our facilities are adequate for our current and near-term needs , and we will be able to locate additional facilities , as needed .location approximate square feet operation expiration dates .
[['location', 'approximate square feet', 'operation', 'leaseexpiration dates'], ['san diego ca', '1195000', 'r&d manufacturing warehouse distribution and administrative', '2019 2013 2031'], ['san francisco bay area ca', '501000', 'r&d manufacturing warehouse and administrative', '2020 2013 2033'], ['singapore', '395000', 'r&d manufacturing warehouse distribution and administrative', '2020 2013 2025'], ['cambridge united kingdom', '263000', 'r&d manufacturing and administrative', '2019 2013 2039'], ['madison wi', '205000', 'r&d manufacturing warehouse distribution and administrative', '2019 2013 2033'], ['eindhoven the netherlands', '42000', 'distribution and administrative', '2020'], ['other*', '86000', 'administrative', '2019 2013 2023']]
________________ *excludes approximately 48000 square feet for which the leases do not commence until 2019 and beyond .item 3 .legal proceedings .see discussion of legal proceedings in note 201c7 .legal proceedings 201d in part ii , item 8 of this report , which is incorporated by reference herein .item 4 .mine safety disclosures .not applicable. .
|
as of december 30 , 2018 what was the percent of the other excluded lease square feet due to commencement in 2019
|
55.8%
|
{
"answer": "55.8%",
"decimal": 0.5579999999999999,
"type": "percentage"
}
| |
part i item 1 entergy corporation , utility operating companies , and system energy entergy new orleans provides electric and gas service in the city of new orleans pursuant to indeterminate permits set forth in city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) .these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans 2019s electric and gas utility properties .entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 27 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 68 incorporated municipalities .entergy texas was typically granted 50-year franchises , but recently has been receiving 25-year franchises .entergy texas 2019s electric franchises expire during 2013-2058 .the business of system energy is limited to wholesale power sales .it has no distribution franchises .property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2011 , is indicated below: .
[['company', 'owned and leased capability mw ( 1 ) total', 'owned and leased capability mw ( 1 ) gas/oil', 'owned and leased capability mw ( 1 ) nuclear', 'owned and leased capability mw ( 1 ) coal', 'owned and leased capability mw ( 1 ) hydro'], ['entergy arkansas', '4774', '1668', '1823', '1209', '74'], ['entergy gulf states louisiana', '3317', '1980', '974', '363', '-'], ['entergy louisiana', '5424', '4265', '1159', '-', '-'], ['entergy mississippi', '3229', '2809', '-', '420', '-'], ['entergy new orleans', '764', '764', '-', '-', '-'], ['entergy texas', '2538', '2269', '-', '269', '-'], ['system energy', '1071', '-', '1071', '-', '-'], ['total', '21117', '13755', '5027', '2261', '74']]
( 1 ) 201cowned and leased capability 201d is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize .the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections .these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy .summer peak load in the entergy system service territory has averaged 21246 mw from 2002-2011 .in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands .in this time period the entergy system met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market .in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing requests for proposals ( rfp ) to procure supply-side resources from sources other than the spot market to meet the unique regional needs of the utility operating companies .the entergy system has adopted a long-term resource strategy that calls for the bulk of capacity needs to be met through long-term resources , whether owned or contracted .entergy refers to this strategy as the "portfolio transformation strategy" .over the past nine years , portfolio transformation has resulted in the addition of about 4500 mw of new long-term resources .these figures do not include transactions currently pending as a result of the summer 2009 rfp .when the summer 2009 rfp transactions are included in the entergy system portfolio of long-term resources and adjusting for unit deactivations of older generation , the entergy system is approximately 500 mw short of its projected 2012 peak load plus reserve margin .this remaining need is expected to be met through a nuclear uprate at grand gulf and limited-term resources .the entergy system will continue to access the spot power market to economically .
|
in 2011 what was the ratio of the entergy arkansas property and other generation resources generating capacity of nuclear to hydro
|
24.6
|
{
"answer": "24.6",
"decimal": 24.6,
"type": "float"
}
| |
concession-based shop-within-shops .in addition , we sell our products online through various third-party digital partner commerce sites .in asia , our wholesale business is comprised primarily of sales to department stores , with related products distributed through shop-within-shops .no operating segments were aggregated to form our reportable segments .in addition to these reportable segments , we also have other non-reportable segments , representing approximately 7% ( 7 % ) of our fiscal 2018 net revenues , which primarily consist of ( i ) sales of club monaco branded products made through our retail businesses in the u.s. , canada , and europe , and our licensing alliances in europe and asia , ( ii ) sales of ralph lauren branded products made through our wholesale business in latin america , and ( iii ) royalty revenues earned through our global licensing alliances , excluding club monaco .this segment structure is consistent with how we establish our overall business strategy , allocate resources , and assess performance of our company .approximately 45% ( 45 % ) of our fiscal 2018 net revenues were earned outside of the u.s .see note 19 to the accompanying consolidated financial statements for a summary of net revenues and operating income by segment , as well as net revenues and long-lived assets by geographic location .our wholesale business our wholesale business sells our products globally to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops .we have continued to focus on elevating our brand by improving in-store product assortment and presentation , as well as full-price sell-throughs to consumers .as of the end of fiscal 2018 , our wholesale products were sold through over 12000 doors worldwide , with the majority in specialty stores .our products are also increasingly being sold through the digital commerce sites of many of our wholesale customers .the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings .our luxury brands , including ralph lauren collection and ralph lauren purple label , are distributed worldwide through a limited number of premier fashion retailers .in north america , our wholesale business is comprised primarily of sales to department stores , and to a lesser extent , specialty stores .in europe , our wholesale business is comprised of a varying mix of sales to both department stores and specialty stores , depending on the country .in asia , our wholesale business is comprised primarily of sales to department stores , with related products distributed through shop-within-shops .we also distribute our wholesale products to certain licensed stores operated by our partners in latin america , asia , europe , and the middle east .we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores .worldwide wholesale distribution channels the following table presents by segment the number of wholesale doors in our primary channels of distribution as of march 31 , 2018 and april 1 , march 31 , april 1 .
[['', 'march 312018', 'april 12017'], ['north america', '6848', '7018'], ['europe', '4928', '5690'], ['asia', '341', '187'], ['other non-reportable segments', '109', '171'], ['total', '12226', '13066']]
we have three key wholesale customers that generate significant sales volume .during fiscal 2018 , sales to our largest wholesale customer , macy's , inc .( "macy's" ) , accounted for approximately 8% ( 8 % ) of our total net revenues .further , during fiscal 2018 , sales to our three largest wholesale customers , including macy's , accounted for approximately 19% ( 19 % ) of our total net revenues , as compared to approximately 21% ( 21 % ) during fiscal 2017 .substantially all sales to our three largest wholesale customers related to our north america segment .our products are sold primarily by our own sales forces .our wholesale business maintains its primary showrooms in new york city .in addition , we maintain regional showrooms in bologna , geneva , london , madrid , munich , panama , paris , and stockholm. .
|
what percentage of wholesale distribution channels are due to asia as of march 31 , 2018?
|
3%
|
{
"answer": "3%",
"decimal": 0.03,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements related contingent consideration , and any subsequent changes in fair value using a discounted probability- weighted approach .this approach takes into consideration level 3 unobservable inputs including probability assessments of expected future cash flows over the period in which the obligation is expected to be settled and applies a discount factor that captures the uncertainties associated with the obligation .changes in these unobservable inputs could significantly impact the fair value of the liabilities recorded in the accompanying consolidated balance sheets and operating expenses in the consolidated statements of operations .as of december 31 , 2012 , the company estimates the value of all potential acquisition-related contingent consideration required payments to be between zero and $ 43.6 million .during the years ended december 31 , 2012 and 2011 , the fair value of the contingent consideration changed as follows ( in thousands ) : .
[['', '2012', '2011'], ['balance as of january 1', '$ 25617', '$ 5809'], ['additions', '6653', '19853'], ['payments', '-15716 ( 15716 )', '-5742 ( 5742 )'], ['change in fair value', '6329', '5634'], ['foreign currency translation adjustment', '828', '63'], ['balance as of december 31', '$ 23711', '$ 25617']]
items measured at fair value on a nonrecurring basis 2014during the year ended december 31 , 2012 , certain long-lived assets held and used with a carrying value of $ 5379.2 million were written down to their net realizable value of $ 5357.7 million as a result of an asset impairment charge of $ 21.5 million , which was recorded in other operating expenses in the accompanying consolidated statements of operations .during the year ended december 31 , 2011 , long-lived assets held and used with a carrying value of $ 4280.8 million were written down to their net realizable value of $ 4271.8 million , resulting in an asset impairment charge of $ 9.0 million .these adjustments were determined by comparing the estimated proceeds from sale of assets or the projected future discounted cash flows to be provided from the long-lived assets ( calculated using level 3 inputs ) to the asset 2019s carrying value .there were no other items measured at fair value on a nonrecurring basis during the year ended december 31 , 2012 .fair value of financial instruments 2014the carrying value of the company 2019s financial instruments , with the exception of long-term obligations , including the current portion , reasonably approximate the related fair value as of december 31 , 2012 and 2011 .the company 2019s estimates of fair value of its long-term obligations , including the current portion , are based primarily upon reported market values .for long-term debt not actively traded , fair value was estimated using a discounted cash flow analysis using rates for debt with similar terms and maturities .as of december 31 , 2012 , the carrying value and fair value of long-term obligations , including the current portion , were $ 8.8 billion and $ 9.4 billion , respectively , of which $ 4.9 billion was measured using level 1 inputs and $ 4.5 billion was measured using level 2 inputs .as of december 31 , 2011 , the carrying value and fair value of long-term obligations , including the current portion , were $ 7.2 billion and $ 7.5 billion , respectively , of which $ 3.8 billion was measured using level 1 inputs and $ 3.7 billion was measured using level 2 inputs .13 .income taxes the company has filed , for prior taxable years through its taxable year ended december 31 , 2011 , a consolidated u.s .federal tax return , which includes all of its wholly owned domestic subsidiaries .for its taxable year commencing january 1 , 2012 , the company intends to file as a reit , and its domestic trss intend to file as c corporations .the company also files tax returns in various states and countries .the company 2019s state tax returns reflect different combinations of the company 2019s subsidiaries and are dependent on the connection each subsidiary has with a particular state .the following information pertains to the company 2019s income taxes on a consolidated basis. .
|
level 1 inputs are generally more accurate than level 2 . in 2012 , what percentage of long-term obligations , was not measured using level 1 inputs?
|
47.8%
|
{
"answer": "47.8%",
"decimal": 0.478,
"type": "percentage"
}
| |
state street bank issuances : state street bank currently has authority to issue up to an aggregate of $ 1 billion of subordinated fixed-rate , floating-rate or zero-coupon bank notes with a maturity of five to fifteen years .with respect to the 5.25% ( 5.25 % ) subordinated bank notes due 2018 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the notes on april 15 and october 15 of each year , and the notes qualify as tier 2 capital under regulatory capital guidelines .with respect to the 5.30% ( 5.30 % ) subordinated notes due 2016 and the floating-rate subordinated notes due 2015 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the 5.30% ( 5.30 % ) notes on january 15 and july 15 of each year beginning in july 2006 , and quarterly interest payments on the outstanding principal balance of the floating-rate notes on march 8 , june 8 , september 8 and december 8 of each year beginning in march 2006 .the notes qualify as tier 2 capital under regulatory capital guidelines .note 10 .commitments and contingencies off-balance sheet commitments and contingencies : credit-related financial instruments include indemnified securities financing , unfunded commitments to extend credit or purchase assets and standby letters of credit .the total potential loss on unfunded commitments , standby and commercial letters of credit and securities finance indemnifications is equal to the total contractual amount , which does not consider the value of any collateral .the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31 .amounts reported do not reflect participations to unrelated third parties. .
[['( in millions )', '2006', '2005'], ['indemnified securities financing', '$ 506032', '$ 372863'], ['liquidity asset purchase agreements', '30251', '24412'], ['unfunded commitments to extend credit', '16354', '14403'], ['standby letters of credit', '4926', '5027']]
on behalf of our customers , we lend their securities to creditworthy brokers and other institutions .in certain circumstances , we may indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities .collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition .we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed .the borrowed securities are revalued daily to determine if additional collateral is necessary .we held , as agent , cash and u.s .government securities totaling $ 527.37 billion and $ 387.22 billion as collateral for indemnified securities on loan at december 31 , 2006 and 2005 , respectively .approximately 81% ( 81 % ) of the unfunded commitments to extend credit and liquidity asset purchase agreements expire within one year from the date of issue .since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements .in the normal course of business , we provide liquidity and credit enhancements to asset-backed commercial paper programs , or 201cconduits . 201d these conduits are more fully described in note 11 .the commercial paper issuances and commitments of the conduits to provide funding are supported by liquidity asset purchase agreements and backup liquidity lines of credit , the majority of which are provided by us .in addition , we provide direct credit support to the conduits in the form of standby letters of credit .our commitments under liquidity asset purchase agreements and backup lines of credit totaled $ 23.99 billion at december 31 , 2006 , and are included in the preceding table .our commitments under seq 83 copyarea : 38 .x 54 .trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\fc\\delivery_1024177\\2771-1-dm_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:10:46 2007 ( v 2.247w--stp1pae18 ) .
|
what percent did indemnified securities financing increase between 2005 and 2006?
|
35.72%
|
{
"answer": "35.72%",
"decimal": 0.35719999999999996,
"type": "percentage"
}
| |
these simulations assume that as assets and liabilities mature , they are replaced or repriced at then current market rates .we also consider forward projections of purchase accounting accretion when forecasting net interest income .the following graph presents the libor/swap yield curves for the base rate scenario and each of the alternate scenarios one year forward .table 51 : alternate interest rate scenarios : one year forward base rates pnc economist market forward slope flattening 2y 3y 5y 10y the fourth quarter 2014 interest sensitivity analyses indicate that our consolidated balance sheet is positioned to benefit from an increase in interest rates and an upward sloping interest rate yield curve .we believe that we have the deposit funding base and balance sheet flexibility to adjust , where appropriate and permissible , to changing interest rates and market conditions .market risk management 2013 customer-related trading we engage in fixed income securities , derivatives and foreign exchange transactions to support our customers 2019 investing and hedging activities .these transactions , related hedges and the credit valuation adjustment ( cva ) related to our customer derivatives portfolio are marked-to-market daily and reported as customer-related trading activities .we do not engage in proprietary trading of these products .we use value-at-risk ( var ) as the primary means to measure and monitor market risk in customer-related trading activities .we calculate a diversified var at a 95% ( 95 % ) confidence interval .var is used to estimate the probability of portfolio losses based on the statistical analysis of historical market risk factors .a diversified var reflects empirical correlations across different asset classes .during 2014 , our 95% ( 95 % ) var ranged between $ .8 million and $ 3.9 million , averaging $ 2.1 million .during 2013 , our 95% ( 95 % ) var ranged between $ 1.7 million and $ 5.5 million , averaging $ 3.5 million .to help ensure the integrity of the models used to calculate var for each portfolio and enterprise-wide , we use a process known as backtesting .the backtesting process consists of comparing actual observations of gains or losses against the var levels that were calculated at the close of the prior day .this assumes that market exposures remain constant throughout the day and that recent historical market variability is a good predictor of future variability .our customer-related trading activity includes customer revenue and intraday hedging which helps to reduce losses , and may reduce the number of instances of actual losses exceeding the prior day var measure .there were two instances during 2014 under our diversified var measure where actual losses exceeded the prior day var measure .in comparison , there was one such instance during 2013 .we use a 500 day look back period for backtesting and include customer-related trading revenue .the following graph shows a comparison of enterprise-wide gains and losses against prior day diversified var for the period indicated .table 52 : enterprise 2013 wide gains/losses versus value-at- total customer-related trading revenue was as follows : table 53 : customer-related trading revenue ( a ) year ended december 31 in millions 2014 2013 .
[['year ended december 31in millions', '2014', '2013'], ['net interest income', '$ 31', '$ 30'], ['noninterest income', '147', '234'], ['total customer-related trading revenue', '$ 178', '$ 264'], ['securities trading ( b )', '$ 33', '$ 21'], ['foreign exchange', '96', '98'], ['financial derivatives and other', '49', '145'], ['total customer-related trading revenue', '$ 178', '$ 264']]
( a ) customer-related trading revenues exclude underwriting fees for both periods presented .( b ) includes changes in fair value for certain loans accounted for at fair value .customer-related trading revenues for 2014 decreased $ 86 million compared with 2013 .the decrease was primarily due to market interest rate changes impacting credit valuations for customer-related derivatives activities and reduced derivatives client sales revenues , which were partially offset by improved securities and foreign exchange client sales results .92 the pnc financial services group , inc .2013 form 10-k .
|
in millions , what was the total in 2014 and 2013 of net interest income?
|
61
|
{
"answer": "61",
"decimal": 61,
"type": "float"
}
| |
westrock company notes to consolidated financial statements fffd ( continued ) the following table summarizes the weighted average life and the allocation to intangible assets recognized in the mps acquisition , excluding goodwill ( in millions ) : weighted avg .amounts recognized as the acquisition .
[['', 'weighted avg.life', 'amountsrecognized as ofthe acquisitiondate'], ['customer relationships', '14.6', '$ 1008.7'], ['trademarks and tradenames', '3.0', '15.2'], ['photo library', '10.0', '2.5'], ['total', '14.4', '$ 1026.4']]
none of the intangibles has significant residual value .we are amortizing the customer relationship intangibles over estimated useful lives ranging from 13 to 16 years based on a straight-line basis because the amortization pattern was not reliably determinable .star pizza acquisition on march 13 , 2017 , we completed the star pizza acquisition .the transaction provided us with a leadership position in the fast growing small-run pizza box market and increases our vertical integration .the purchase price was $ 34.6 million , net of a $ 0.7 million working capital settlement .we have fully integrated the approximately 22000 tons of containerboard used by star pizza annually .we have included the financial results of the acquired assets since the date of the acquisition in our corrugated packaging segment .the purchase price allocation for the acquisition primarily included $ 24.8 million of customer relationship intangible assets and $ 2.2 million of goodwill .we are amortizing the customer relationship intangibles over 10 years based on a straight-line basis because the amortization pattern was not reliably determinable .the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force .the goodwill and intangibles are amortizable for income tax purposes .packaging acquisition on january 19 , 2016 , we completed the packaging acquisition .the entities acquired provide value-added folding carton and litho-laminated display packaging solutions .the purchase price was $ 94.1 million , net of cash received of $ 1.7 million , a working capital settlement and a $ 3.5 million escrow receipt in the first quarter of fiscal 2017 .the transaction is subject to an election under section 338 ( h ) ( 10 ) of the code that increases the u.s .tax basis in the acquired u.s .entities .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 since the date of the acquisition in our consumer packaging segment .the purchase price allocation for the acquisition primarily included $ 55.0 million of property , plant and equipment , $ 10.5 million of customer relationship intangible assets , $ 9.3 million of goodwill and $ 25.8 million of liabilities , including $ 1.3 million of debt .we are amortizing the customer relationship intangibles over estimated useful lives ranging from 9 to 15 years based on a straight-line basis because the amortization pattern was not reliably determinable .the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force .the goodwill and intangibles of the u.s .entities are amortizable for income tax purposes .sp fiber on october 1 , 2015 , we completed the sp fiber acquisition in a stock purchase .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 gps .gps is a joint venture providing steam to the dublin mill and electricity to georgia power .the purchase price was $ 278.8 million , net of cash received of $ 9.2 million and a working capital .
|
what percent of the overall purchase value of star pizza was in customer relationship intangible assets and goodwill?
|
78.03
|
{
"answer": "78.03",
"decimal": 78.03,
"type": "float"
}
| |
facility continue to have a maturity date of october 2016 .in addition , the maturity date of the company's revolving credit facility was extended to october 2018 and the facility was increased to $ 900 million from $ 600 million .accordingly , the amended credit agreement consists of the term c-2 loan facility , the term c-3 loan facility and a $ 900 million revolving credit facility .net deferred financing costs are as follows : net deferred financing costs ( in $ millions ) .
[['', 'net deferred financing costs ( in $ millions )'], ['as of december 31 2011', '28'], ['financing costs deferred ( 1 )', '8'], ['accelerated amortization due to refinancing activity ( 2 )', '-1 ( 1 )'], ['amortization', '-5 ( 5 )'], ['as of december 31 2012', '30'], ['financing costs deferred ( 3 )', '2'], ['accelerated amortization due to refinancing activity', '2014'], ['amortization', '-5 ( 5 )'], ['as of december 31 2013', '27'], ['financing costs deferred ( 4 )', '10'], ['accelerated amortization due to refinancing activity ( 5 )', '-5 ( 5 )'], ['amortization', '-5 ( 5 )'], ['as of december 31 2014', '27']]
____________________________ ( 1 ) relates to the issuance of the 4.625% ( 4.625 % ) notes .( 2 ) relates to the $ 400 million prepayment of the term c loan facility with proceeds from the 4.625% ( 4.625 % ) notes .( 3 ) relates to the september 2013 amendment to the celanese us existing senior secured credit facilities to reduce the interest rates payable in connection with certain borrowings thereby creating the term c-2 loan facility due 2016 .( 4 ) includes $ 6 million related to the issuance of the 3.250% ( 3.250 % ) notes and $ 4 million related to the september 24 , 2014 amendment to the celanese us existing senior secured credit facilities .( 5 ) includes $ 4 million related to the 6.625% ( 6.625 % ) notes redemption and $ 1 million related to the term c-2 loan facility conversion .as of december 31 , 2014 , the margin for borrowings under the term c-2 loan facility was 2.0% ( 2.0 % ) above the euro interbank offered rate ( "euribor" ) and the margin for borrowings under the term c-3 loan facility was 2.25% ( 2.25 % ) above libor ( for us dollars ) and 2.25% ( 2.25 % ) above euribor ( for euros ) , as applicable .as of december 31 , 2014 , the margin for borrowings under the revolving credit facility was 1.5% ( 1.5 % ) above libor .the margin for borrowings under the revolving credit facility is subject to increase or decrease in certain circumstances based on changes in the corporate credit ratings of celanese or celanese us .term loan borrowings under the amended credit agreement are subject to amortization at 1% ( 1 % ) of the initial principal amount per annum , payable quarterly .in addition , the company pays quarterly commitment fees on the unused portion of the revolving credit facility of 0.25% ( 0.25 % ) per annum .the amended credit agreement is guaranteed by celanese and certain domestic subsidiaries of celanese us and is secured by a lien on substantially all assets of celanese us and such guarantors , subject to certain agreed exceptions ( including for certain real property and certain shares of foreign subsidiaries ) , pursuant to the guarantee and collateral agreement , dated april 2 , as a condition to borrowing funds or requesting letters of credit be issued under the revolving credit facility , the company's first lien senior secured leverage ratio ( as calculated as of the last day of the most recent fiscal quarter for which financial statements have been delivered under the revolving facility ) cannot exceed the threshold as specified below .further , the company's first lien senior secured leverage ratio must be maintained at or below that threshold while any amounts are outstanding under the revolving credit facility. .
|
assuming the revolver is undrawn , what would the annual fee for the revolver be?
|
2250000
|
{
"answer": "2250000",
"decimal": 2250000,
"type": "float"
}
| |
performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2005 through december 31 , 2010 , when the closing price of our common stock was $ 12.66 .the graph assumes investments of $ 100 on december 31 , 2005 in our common stock and in each of the three indices and the reinvestment of dividends .performance graph 201020092008200720062005 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2005 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. .
[['', '2006', '2007', '2008', '2009', '2010'], ['masco', '$ 101.79', '$ 76.74', '$ 42.81', '$ 54.89', '$ 51.51'], ['s&p 500 index', '$ 115.61', '$ 121.95', '$ 77.38', '$ 97.44', '$ 111.89'], ['s&p industrials index', '$ 113.16', '$ 126.72', '$ 76.79', '$ 92.30', '$ 116.64'], ['s&p consumer durables & apparel index', '$ 106.16', '$ 84.50', '$ 56.13', '$ 76.51', '$ 99.87']]
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .at december 31 , 2010 , we had remaining authorization to repurchase up to 27 million shares .during 2010 , we repurchased and retired three million shares of our 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 .we did not purchase any shares during the three months ended december 31 , 2010. .
|
what was the percent of the increase in the s&p industrial index from 2006 to 2007
|
11.9%
|
{
"answer": "11.9%",
"decimal": 0.11900000000000001,
"type": "percentage"
}
|
the percent of the increase in the s&p industrial index performance was 11.9% from 2006 to 2007
|
entergy corporation and subsidiaries management's financial discussion and analysis 2022 the deferral in august 2004 of $ 7.5 million of fossil plant maintenance and voluntary severance program costs at entergy new orleans as a result of a stipulation approved by the city council .2003 compared to 2002 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 2003 to 2002. .
[['', '( in millions )'], ['2002 net revenue', '$ 4209.6'], ['base rate increases', '66.2'], ['base rate decreases', '-23.3 ( 23.3 )'], ['deferred fuel cost revisions', '56.2'], ['asset retirement obligation', '42.9'], ['net wholesale revenue', '23.2'], ['march 2002 ark . settlement agreement', '-154.0 ( 154.0 )'], ['other', '-6.3 ( 6.3 )'], ['2003 net revenue', '$ 4214.5']]
base rates increased net revenue due to base rate increases at entergy mississippi and entergy new orleans that became effective in january 2003 and june 2003 , respectively .entergy gulf states implemented base rate decreases in its louisiana jurisdiction effective june 2002 and january 2003 .the january 2003 base rate decrease of $ 22.1 million had a minimal impact on net income due to a corresponding reduction in nuclear depreciation and decommissioning expenses associated with the change in accounting estimate to reflect an assumed extension of river bend's useful life .the deferred fuel cost revisions variance was due to a revised unbilled sales pricing estimate made in december 2002 and further revision of that estimate in the first quarter of 2003 to more closely align the fuel component of that pricing with expected recoverable fuel costs at entergy louisiana .the asset retirement obligation variance was due to the implementation of sfas 143 , "accounting for asset retirement obligations" adopted in january 2003 .see "critical accounting estimates 2013 nuclear decommissioning costs" for more details on sfas 143 .the increase was offset by increased depreciation and decommissioning expenses and had an insignificant effect on net income .the increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and cooperative customers .the march 2002 settlement agreement variance reflects the absence in 2003 of the effect of recording the ice storm settlement approved by the apsc in 2002 .this settlement resulted in previously deferred revenues at entergy arkansas per the transition cost account mechanism being recorded in net revenue in the second quarter of 2002 .the decrease was offset by a corresponding decrease in other operation and maintenance expenses and had a minimal effect on net income .gross operating revenues and regulatory credits gross operating revenues include an increase in fuel cost recovery revenues of $ 682 million and $ 53 million in electric and gas sales , respectively , primarily due to higher fuel rates in 2003 resulting from increases in the market prices of purchased power and natural gas .as such , this revenue increase was offset by increased fuel and purchased power expenses. .
|
what is the net change in net revenue during 2003 for entergy corporation?
|
4.9
|
{
"answer": "4.9",
"decimal": 4.9,
"type": "float"
}
| |
z i m m e r h o l d i n g s , i n c .a n d s u b s i d i a r i e s 2 0 0 2 f o r m 1 0 - k notes to consolidated financial statements ( continued ) rating as of december 31 , 2002 met such requirement .fair value commitments under the credit facility are subject to certain the carrying value of the company 2019s borrowings approxi- fees , including a facility and a utilization fee .mates fair value due to their short-term maturities and uncommitted credit facilities variable interest rates .the company has a $ 26 million uncommitted unsecured 8 .derivative financial instruments revolving line of credit .the purpose of this credit line is to support the working capital needs , letters of credit and the company is exposed to market risk due to changes overdraft needs for the company .the uncommitted credit in currency exchange rates .as a result , the company utilizes agreement contains customary affirmative and negative cove- foreign exchange forward contracts to offset the effect of nants and events of default , none of which are considered exchange rate fluctuations on anticipated foreign currency restrictive to the operation of the business .in addition , this transactions , primarily intercompany sales and purchases uncommitted credit agreement provides for unconditional expected to occur within the next twelve to twenty-four and irrevocable guarantees by the company .in the event the months .the company does not hold financial instruments company 2019s long-term debt ratings by both standard and for trading or speculative purposes .for derivatives which poor 2019s ratings services and moody 2019s investor 2019s service , inc. , qualify as hedges of future cash flows , the effective portion fall below bb- and ba3 , then the company may be required of changes in fair value is temporarily recorded in other to repay all outstanding and contingent obligations .the comprehensive income , then recognized in earnings when company 2019s credit rating as of december 31 , 2002 met such the hedged item affects earnings .the ineffective portion of requirement .this uncommitted credit line matures on a derivative 2019s change in fair value , if any , is reported in july 31 , 2003 .outstanding borrowings under this uncommit- earnings .the net amount recognized in earnings during the ted line of credit as of december 31 , 2002 were $ 0.5 million years ended december 31 , 2002 and 2001 , due to ineffective- with a weighted average interest rate of 6.35 percent .ness and amounts excluded from the assessment of hedge the company also has a $ 15 million uncommitted effectiveness , was not significant .revolving unsecured line of credit .the purpose of this line of the notional amounts of outstanding foreign exchange credit is to support short-term working capital needs of the forward contracts , principally japanese yen and the euro , company .the agreement for this uncommitted unsecured entered into with third parties , at december 31 , 2002 , was line of credit contains customary covenants , none of which $ 252 million .the fair value of derivative instruments recorded are considered restrictive to the operation of the business .in accrued liabilities at december 31 , 2002 , was $ 13.8 million , this uncommitted line matures on july 31 , 2003 .there were or $ 8.5 million net of taxes , which is deferred in other no borrowings under this uncommitted line of credit as of comprehensive income and is expected to be reclassified to december 31 , 2002 .earnings over the next two years , of which , $ 7.7 million , or the company has a $ 20 million uncommitted revolving $ 4.8 million , net of taxes , is expected to be reclassified to unsecured line of credit .the purpose of this line of credit is earnings over the next twelve months .to support short-term working capital needs of the company .the pricing is based upon money market rates .the agree- 9 .capital stock and earnings per share ment for this uncommitted unsecured line of credit contains as discussed in note 14 , all of the shares of company customary covenants , none of which are considered restrictive common stock were distributed at the distribution by the to the operation of the business .this uncommitted line former parent to its stockholders in the form of a dividend matures on july 31 , 2003 .there were no borrowings under of one share of company common stock , and the associated this uncommitted line of credit as of december 31 , 2002 .preferred stock purchase right , for every ten shares of the company was in compliance with all covenants common stock of the former parent .in july 2001 the board under all three of the uncommitted credit facilities as of of directors of the company adopted a rights agreement december 31 , 2002 .the company had no long-term debt intended to have anti-takeover effects .under this agreement as of december 31 , 2002 .one right attaches to each share of company common stock .outstanding debt as of december 31 , 2002 and 2001 , the rights will not become exercisable until the earlier of : consist of the following ( in millions ) : a ) the company learns that a person or group acquired , or 2002 2001 obtained the right to acquire , beneficial ownership of securi- credit facility $ 156.2 $ 358.2 ties representing more than 20 percent of the shares of uncommitted credit facilities 0.5 5.7 company common stock then outstanding , or b ) such date , if any , as may be designated by the board of directorstotal debt $ 156.7 $ 363.9 following the commencement of , or first public disclosure of the company paid $ 13.0 million and $ 4.6 million in an intention to commence , a tender offer or exchange offer interest charges during 2002 and 2001 , respectively. .
[['', '2002', '2001'], ['credit facility', '$ 156.2', '$ 358.2'], ['uncommitted credit facilities', '0.5', '5.7'], ['total debt', '$ 156.7', '$ 363.9']]
z i m m e r h o l d i n g s , i n c .a n d s u b s i d i a r i e s 2 0 0 2 f o r m 1 0 - k notes to consolidated financial statements ( continued ) rating as of december 31 , 2002 met such requirement .fair value commitments under the credit facility are subject to certain the carrying value of the company 2019s borrowings approxi- fees , including a facility and a utilization fee .mates fair value due to their short-term maturities and uncommitted credit facilities variable interest rates .the company has a $ 26 million uncommitted unsecured 8 .derivative financial instruments revolving line of credit .the purpose of this credit line is to support the working capital needs , letters of credit and the company is exposed to market risk due to changes overdraft needs for the company .the uncommitted credit in currency exchange rates .as a result , the company utilizes agreement contains customary affirmative and negative cove- foreign exchange forward contracts to offset the effect of nants and events of default , none of which are considered exchange rate fluctuations on anticipated foreign currency restrictive to the operation of the business .in addition , this transactions , primarily intercompany sales and purchases uncommitted credit agreement provides for unconditional expected to occur within the next twelve to twenty-four and irrevocable guarantees by the company .in the event the months .the company does not hold financial instruments company 2019s long-term debt ratings by both standard and for trading or speculative purposes .for derivatives which poor 2019s ratings services and moody 2019s investor 2019s service , inc. , qualify as hedges of future cash flows , the effective portion fall below bb- and ba3 , then the company may be required of changes in fair value is temporarily recorded in other to repay all outstanding and contingent obligations .the comprehensive income , then recognized in earnings when company 2019s credit rating as of december 31 , 2002 met such the hedged item affects earnings .the ineffective portion of requirement .this uncommitted credit line matures on a derivative 2019s change in fair value , if any , is reported in july 31 , 2003 .outstanding borrowings under this uncommit- earnings .the net amount recognized in earnings during the ted line of credit as of december 31 , 2002 were $ 0.5 million years ended december 31 , 2002 and 2001 , due to ineffective- with a weighted average interest rate of 6.35 percent .ness and amounts excluded from the assessment of hedge the company also has a $ 15 million uncommitted effectiveness , was not significant .revolving unsecured line of credit .the purpose of this line of the notional amounts of outstanding foreign exchange credit is to support short-term working capital needs of the forward contracts , principally japanese yen and the euro , company .the agreement for this uncommitted unsecured entered into with third parties , at december 31 , 2002 , was line of credit contains customary covenants , none of which $ 252 million .the fair value of derivative instruments recorded are considered restrictive to the operation of the business .in accrued liabilities at december 31 , 2002 , was $ 13.8 million , this uncommitted line matures on july 31 , 2003 .there were or $ 8.5 million net of taxes , which is deferred in other no borrowings under this uncommitted line of credit as of comprehensive income and is expected to be reclassified to december 31 , 2002 .earnings over the next two years , of which , $ 7.7 million , or the company has a $ 20 million uncommitted revolving $ 4.8 million , net of taxes , is expected to be reclassified to unsecured line of credit .the purpose of this line of credit is earnings over the next twelve months .to support short-term working capital needs of the company .the pricing is based upon money market rates .the agree- 9 .capital stock and earnings per share ment for this uncommitted unsecured line of credit contains as discussed in note 14 , all of the shares of company customary covenants , none of which are considered restrictive common stock were distributed at the distribution by the to the operation of the business .this uncommitted line former parent to its stockholders in the form of a dividend matures on july 31 , 2003 .there were no borrowings under of one share of company common stock , and the associated this uncommitted line of credit as of december 31 , 2002 .preferred stock purchase right , for every ten shares of the company was in compliance with all covenants common stock of the former parent .in july 2001 the board under all three of the uncommitted credit facilities as of of directors of the company adopted a rights agreement december 31 , 2002 .the company had no long-term debt intended to have anti-takeover effects .under this agreement as of december 31 , 2002 .one right attaches to each share of company common stock .outstanding debt as of december 31 , 2002 and 2001 , the rights will not become exercisable until the earlier of : consist of the following ( in millions ) : a ) the company learns that a person or group acquired , or 2002 2001 obtained the right to acquire , beneficial ownership of securi- credit facility $ 156.2 $ 358.2 ties representing more than 20 percent of the shares of uncommitted credit facilities 0.5 5.7 company common stock then outstanding , or b ) such date , if any , as may be designated by the board of directorstotal debt $ 156.7 $ 363.9 following the commencement of , or first public disclosure of the company paid $ 13.0 million and $ 4.6 million in an intention to commence , a tender offer or exchange offer interest charges during 2002 and 2001 , respectively. .
|
what percent of the total debt is in the 2002 debt balance?
|
30.10%
|
{
"answer": "30.10%",
"decimal": 0.301,
"type": "percentage"
}
| |
notes to consolidated financial statements level 3 rollforward if a derivative was transferred to level 3 during a reporting period , its entire gain or loss for the period is included in level 3 .transfers between levels are reported at the beginning of the reporting period in which they occur .in the tables below , negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities .gains and losses on level 3 derivatives should be considered in the context of the following : 2030 a derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input .2030 if there is one significant level 3 input , the entire gain or loss from adjusting only observable inputs ( i.e. , level 1 and level 2 inputs ) is classified as level 3 .2030 gains or losses that have been reported in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1 , level 2 and level 3 cash instruments .as a result , gains/ ( losses ) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm 2019s results of operations , liquidity or capital resources .the tables below present changes in fair value for all derivatives categorized as level 3 as of the end of the year. .
[['in millions', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance beginning of year', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 net realized gains/ ( losses )', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 net unrealized gains/ ( losses ) relating to instruments still held at year-end', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 purchases', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 sales', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 settlements', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers into level 3', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers out of level 3', 'level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance endof year'], ['interest rates 2014 net', '$ -355 ( 355 )', '$ -78 ( 78 )', '$ 168', '$ 1', '$ -8 ( 8 )', '$ 196', '$ -9 ( 9 )', '$ -1 ( 1 )', '$ -86 ( 86 )'], ['credit 2014 net', '6228', '-1 ( 1 )', '-977 ( 977 )', '201', '-315 ( 315 )', '-1508 ( 1508 )', '695', '-147 ( 147 )', '4176'], ['currencies 2014 net', '35', '-93 ( 93 )', '-419 ( 419 )', '22', '-6 ( 6 )', '169', '139', '-47 ( 47 )', '-200 ( 200 )'], ['commodities 2014 net', '-304 ( 304 )', '-6 ( 6 )', '58', '21', '-48 ( 48 )', '281', '50', '8', '60'], ['equities 2014 net', '-1248 ( 1248 )', '-67 ( 67 )', '-202 ( 202 )', '77', '-472 ( 472 )', '1020', '-15 ( 15 )', '-52 ( 52 )', '-959 ( 959 )'], ['total derivatives 2014 net', '$ 4356', '$ ( 245 ) 1', '$ ( 1372 ) 1', '$ 322', '$ -849 ( 849 )', '$ 158', '$ 860', '$ -239 ( 239 )', '$ 2991']]
1 .the aggregate amounts include losses of approximately $ 1.29 billion and $ 324 million reported in 201cmarket making 201d and 201cother principal transactions , 201d respectively .the net unrealized loss on level 3 derivatives of $ 1.37 billion for 2013 principally resulted from changes in level 2 inputs and was primarily attributable to losses on certain credit derivatives , principally due to the impact of tighter credit spreads , and losses on certain currency derivatives , primarily due to changes in foreign exchange rates .transfers into level 3 derivatives during 2013 primarily reflected transfers of credit derivative assets from level 2 , principally due to reduced transparency of upfront credit points and correlation inputs used to value these derivatives .transfers out of level 3 derivatives during 2013 primarily reflected transfers of certain credit derivatives to level 2 , principally due to unobservable credit spread and correlation inputs no longer being significant to the valuation of these derivatives and unobservable inputs not being significant to the net risk of certain portfolios .goldman sachs 2013 annual report 143 .
|
what was the difference in millions in the aggregate amount of losses reported in 201cmarket making 201d and 201cother principal transactions 201d respectively?
|
966
|
{
"answer": "966",
"decimal": 966,
"type": "float"
}
| |
expansion of the retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure , operating lease commitments , personnel , and other operating expenses .capital expenditures associated with the retail segment were $ 132 million in 2005 , bringing the total capital expenditures since inception of the retail segment to approximately $ 529 million .as of september 24 , 2005 , the retail segment had approximately 3673 employees and had outstanding operating lease commitments associated with retail store space and related facilities of approximately $ 606 million .the company would incur substantial costs should it choose to terminate its retail segment or close individual stores .such costs could adversely affect the company 2019s results of operations and financial condition .gross margin gross margin for each of the last three fiscal years are as follows ( in millions , except gross margin percentages ) : september 24 , september 25 , september 27 .
[['', 'september 24 2005', 'september 25 2004', 'september 27 2003'], ['net sales', '$ 13931', '$ 8279', '$ 6207'], ['cost of sales', '9888', '6020', '4499'], ['gross margin', '$ 4043', '$ 2259', '$ 1708'], ['gross margin percentage', '29.0% ( 29.0 % )', '27.3% ( 27.3 % )', '27.5% ( 27.5 % )']]
gross margin increased in 2005 to 29.0% ( 29.0 % ) of net sales from 27.3% ( 27.3 % ) of net sales in 2004 .the company 2019s gross margin during 2005 increased due to more favorable pricing on certain commodity components including lcd flat-panel displays and dram memory ; an increase in higher margin software sales ; a favorable shift in direct sales related primarily to the company 2019s retail and online stores ; and higher overall revenue that provided for more leverage on fixed production costs .these increases to gross margin were partially offset by an increase in lower margin ipod sales .the company anticipates that its gross margin and the gross margin of the overall personal computer and consumer electronics industries will remain under pressure in light of price competition , especially for the ipod product line .the company expects gross margin percentage to decline in the first quarter of 2006 primarily as a result of a shift in the mix of revenue toward lower margin products such as the ipod and content from the itunes music store .the foregoing statements regarding the company 2019s expected gross margin are forward-looking .there can be no assurance that current gross margins will be maintained or targeted gross margin levels will be achieved .in general , gross margins and margins on individual products , including ipods , will remain under significant downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and potential changes to the company 2019s product mix , including higher unit sales of consumer products with lower average selling prices and lower gross margins .in response to these downward pressures , the company expects it will continue to take pricing actions with respect to its products .gross margins could also be affected by the company 2019s ability to effectively manage product quality and warranty costs and to stimulate demand for certain of its products .due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
|
what was the largest gross margin in millions dollars over the three year period?
|
4043
|
{
"answer": "4043",
"decimal": 4043,
"type": "float"
}
| |
issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2007 .period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) maximum number of shares that may yet be purchased under the program ( b ) .
[['period', 'total number ofshares purchased', 'average pricepaid pershare', 'total number of sharespurchased as part ofpubliclyannouncedprogram ( a )', 'maximum number ofshares that may yet bepurchased under theprogram ( b )'], ['october', '127100', '$ 108.58', '127100', '35573131'], ['november', '1504300', '109.07', '1504300', '34068831'], ['december', '1325900', '108.78', '1325900', '32742931']]
( a ) we repurchased a total of 2957300 shares of our common stock during the quarter ended december 31 , 2007 under a share repurchase program that we announced in october 2002 .( b ) our board of directors has approved a share repurchase program for the repurchase of up to 128 million shares of our common stock from time-to-time , including 20 million shares approved for repurchase by our board of directors in september 2007 .under the program , management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases , in compliance with applicable law and regulation .as of december 31 , 2007 , we had repurchased a total of 95.3 million shares under the program .in 2007 , we did not make any unregistered sales of equity securities. .
|
how many shares in millions are available to be repurchased under the approved share repurchase program?
|
32.7
|
{
"answer": "32.7",
"decimal": 32.7,
"type": "float"
}
| |
entergy arkansas , inc .and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities .results of operations net income 2011 compared to 2010 net income decreased $ 7.7 million primarily due to a higher effective income tax rate , lower other income , and higher other operation and maintenance expenses , substantially offset by higher net revenue , lower depreciation and amortization expenses , and lower interest expense .2010 compared to 2009 net income increased $ 105.7 million primarily due to higher net revenue , a lower effective income tax rate , higher other income , and lower depreciation and amortization expenses , partially offset by higher other operation and maintenance expenses .net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .following is an analysis of the change in net revenue comparing 2011 to 2010 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2010 net revenue', '$ 1216.7'], ['retail electric price', '31.0'], ['ano decommissioning trust', '26.4'], ['transmission revenue', '13.1'], ['volume/weather', '-15.9 ( 15.9 )'], ['net wholesale revenue', '-11.9 ( 11.9 )'], ['capacity acquisition recovery', '-10.3 ( 10.3 )'], ['other', '3.2'], ['2011 net revenue', '$ 1252.3']]
the retail electric price variance is primarily due to a base rate increase effective july 2010 .see note 2 to the financial statements for more discussion of the rate case settlement .the ano decommissioning trust variance is primarily related to the deferral of investment gains from the ano 1 and 2 decommissioning trust in 2010 in accordance with regulatory treatment .the gains resulted in an increase in 2010 in interest and investment income and a corresponding increase in regulatory charges with no effect on net income. .
|
what is the percent increase in net revenue from 2010 to 2011?
|
2.93%
|
{
"answer": "2.93%",
"decimal": 0.029300000000000003,
"type": "percentage"
}
| |
management 2019s discussion and analysis 84 jpmorgan chase & co ./ 2008 annual report tier 1 capital was $ 136.1 billion at december 31 , 2008 , compared with $ 88.7 billion at december 31 , 2007 , an increase of $ 47.4 billion .the following table presents the changes in tier 1 capital for the year ended december 31 , 2008. .
[['tier 1capital december 31 2007 ( in millions )', '$ 88746'], ['net income', '5605'], ['issuance of cumulative perpetual preferred stock tou.s . treasury', '23750'], ['warrant issued to u.s . treasury in connection withissuance of preferred stock', '1250'], ['issuance of noncumulative perpetual preferred stock', '7800'], ['issuance of preferred stock 2013 conversion of bear stearnspreferred stock', '352'], ['net issuance of common stock', '11485'], ['net issuance of common stock under employee stock-basedcompensation plans', '3317'], ['net issuance of common stock in connection with thebear stearns merger', '1198'], ['dividends declared', '-6307 ( 6307 )'], ['net issuance of qualifying trust preferred capital debtsecurities', '2619'], ['dva on structured debt and derivative liabilities', '-1475 ( 1475 )'], ['goodwill and other nonqualifying intangibles ( net ofdeferred tax liabilities )', '-1357 ( 1357 )'], ['other', '-879 ( 879 )'], ['increase in tier 1 capital', '47358'], ['tier 1 capital december 31 2008', '$ 136104']]
additional information regarding the firm 2019s capital ratios and the federal regulatory capital standards to which it is subject , and the capital ratios for the firm 2019s significant banking subsidiaries at december 31 , 2008 and 2007 , are presented in note 30 on pages 212 2013213 of this annual report .capital purchase program pursuant to the capital purchase program , on october 28 , 2008 , the firm issued to the u.s .treasury , for total proceeds of $ 25.0 billion , ( i ) 2.5 million shares of series k preferred stock , and ( ii ) a warrant to pur- chase up to 88401697 shares of the firm 2019s common stock , at an exer- cise price of $ 42.42 per share , subject to certain antidilution and other adjustments .the series k preferred stock qualifies as tier 1 capital .the series k preferred stock bears cumulative dividends at a rate of 5% ( 5 % ) per year for the first five years and 9% ( 9 % ) per year thereafter .the series k preferred stock ranks equally with the firm 2019s existing 6.15% ( 6.15 % ) cumulative preferred stock , series e ; 5.72% ( 5.72 % ) cumulative preferred stock , series f ; 5.49% ( 5.49 % ) cumulative preferred stock , series g ; fixed- to-floating rate noncumulative perpetual preferred stock , series i ; and 8.63% ( 8.63 % ) noncumulative perpetual preferred stock , series j , in terms of dividend payments and upon liquidation of the firm .any accrued and unpaid dividends on the series k preferred stock must be fully paid before dividends may be declared or paid on stock ranking junior or equally with the series k preferred stock .pursuant to the capital purchase program , until october 28 , 2011 , the u.s .treasury 2019s consent is required for any increase in dividends on the firm 2019s common stock from the amount of the last quarterly stock div- idend declared by the firm prior to october 14 , 2008 , unless the series k preferred stock is redeemed in whole before then , or the u.s .treasury has transferred all of the series k preferred stock it owns to third parties .the firm may not repurchase or redeem any common stock or other equity securities of the firm , or any trust preferred securities issued by the firm or any of its affiliates , without the prior consent of the u.s .treasury ( other than ( i ) repurchases of the series k preferred stock and ( ii ) repurchases of junior preferred shares or common stock in connection with any employee benefit plan in the ordinary course of business consistent with past practice ) .basel ii the minimum risk-based capital requirements adopted by the u.s .federal banking agencies follow the capital accord of the basel committee on banking supervision .in 2004 , the basel committee published a revision to the accord ( 201cbasel ii 201d ) .the goal of the new basel ii framework is to provide more risk-sensitive regulatory capital calculations and promote enhanced risk management practices among large , internationally active banking organizations .u.s .bank- ing regulators published a final basel ii rule in december 2007 , which will require jpmorgan chase to implement basel ii at the holding company level , as well as at certain of its key u.s .bank subsidiaries .prior to full implementation of the new basel ii framework , jpmorgan chase will be required to complete a qualification period of four consecutive quarters during which it will need to demonstrate that it meets the requirements of the new rule to the satisfaction of its primary u.s .banking regulators .the u.s .implementation timetable consists of the qualification period , starting any time between april 1 , 2008 , and april 1 , 2010 , followed by a minimum transition period of three years .during the transition period , basel ii risk-based capital requirements cannot fall below certain floors based on current ( 201cbasel l 201d ) regulations .jpmorgan chase expects to be in compliance with all relevant basel ii rules within the estab- lished timelines .in addition , the firm has adopted , and will continue to adopt , based upon various established timelines , basel ii in certain non-u.s .jurisdictions , as required .broker-dealer regulatory capital jpmorgan chase 2019s principal u.s .broker-dealer subsidiaries are j.p .morgan securities inc .( 201cjpmorgan securities 201d ) and j.p .morgan clearing corp .( formerly known as bear stearns securities corp. ) .jpmorgan securities and j.p .morgan clearing corp .are each subject to rule 15c3-1 under the securities exchange act of 1934 ( 201cnet capital rule 201d ) .jpmorgan securities and j.p .morgan clearing corp .are also registered as futures commission merchants and subject to rule 1.17 under the commodity futures trading commission ( 201ccftc 201d ) .jpmorgan securities and j.p .morgan clearing corp .have elected to compute their minimum net capital requirements in accordance with the 201calternative net capital requirement 201d of the net capital rule .at december 31 , 2008 , jpmorgan securities 2019 net capital , as defined by the net capital rule , of $ 7.2 billion exceeded the minimum require- ment by $ 6.6 billion .in addition to its net capital requirements , jpmorgan securities is required to hold tentative net capital in excess jpmorgan chase & co ./ 2008 annual report84 .
|
what percentage of the increase in tier 1 capital was due to issuance of cumulative perpetual preferred stock to u.s . treasury?
|
50%
|
{
"answer": "50%",
"decimal": 0.5,
"type": "percentage"
}
| |
repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2012 to december 31 , 2012 .total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
[['', 'total number ofshares ( or units ) purchased1', 'average price paidper share ( or unit ) 2', 'total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3', 'maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3'], ['october 1 - 31', '13566', '$ 10.26', '0', '$ 148858924'], ['november 1 - 30', '5345171', '$ 9.98', '5343752', '$ 195551133'], ['december 1 - 31', '8797959', '$ 10.87', '8790000', '$ 99989339'], ['total', '14156696', '$ 10.53', '14133752', '']]
1 includes shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .we repurchased 13566 withheld shares in october 2012 , 1419 withheld shares in november 2012 and 7959 withheld shares in december 2012 , for a total of 22944 withheld shares during the three-month period .2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .3 on february 24 , 2012 , we announced in a press release that our board had approved a share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock ( the 201c2012 share repurchase program 201d ) , in addition to amounts available on existing authorizations .on november 20 , 2012 , we announced in a press release that our board had authorized an increase in our 2012 share repurchase program to $ 400.0 million of our common stock .on february 22 , 2013 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock .the new authorization is in addition to any amounts remaining available for repurchase under the 2012 share repurchase program .there is no expiration date associated with the share repurchase programs. .
|
what was the percent of the withheld shares repurchased in october during the three-month period
|
59.1%
|
{
"answer": "59.1%",
"decimal": 0.591,
"type": "percentage"
}
| |
2022 through the u.s .attorney 2019s office for the district of maryland , the office of the inspector general ( 201coig 201d ) for the small business administration ( 201csba 201d ) has served a subpoena on pnc requesting documents concerning pnc 2019s relationship with , including sba-guaranteed loans made through , a broker named jade capital investments , llc ( 201cjade 201d ) , as well as information regarding other pnc-originated sba guaranteed loans made to businesses located in the state of maryland , the commonwealth of virginia , and washington , dc .certain of the jade loans have been identified in an indictment and subsequent superseding indictment charging persons associated with jade with conspiracy to commit bank fraud , substantive violations of the federal bank fraud statute , and money laundering .pnc is cooperating with the u.s .attorney 2019s office for the district of maryland .our practice is to cooperate fully with regulatory and governmental investigations , audits and other inquiries , including those described in this note 23 .in addition to the proceedings or other matters described above , pnc and persons to whom we may have indemnification obligations , in the normal course of business , are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted .we do not anticipate , at the present time , that the ultimate aggregate liability , if any , arising out of such other legal proceedings will have a material adverse effect on our financial position .however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period .see note 24 commitments and guarantees for additional information regarding the visa indemnification and our other obligations to provide indemnification , including to current and former officers , directors , employees and agents of pnc and companies we have acquired .note 24 commitments and guarantees equity funding and other commitments our unfunded commitments at december 31 , 2013 included private equity investments of $ 164 million .standby letters of credit we issue standby letters of credit and have risk participations in standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution .net outstanding standby letters of credit and internal credit ratings were as follows : table 151 : net outstanding standby letters of credit dollars in billions december 31 december 31 net outstanding standby letters of credit ( a ) $ 10.5 $ 11.5 internal credit ratings ( as a percentage of portfolio ) : .
[['dollars in billions', 'december 31 2013', 'december 312012'], ['net outstanding standby letters of credit ( a )', '$ 10.5', '$ 11.5'], ['internal credit ratings ( as a percentage of portfolio ) :', '', ''], ['pass ( b )', '96% ( 96 % )', '95% ( 95 % )'], ['below pass ( c )', '4% ( 4 % )', '5% ( 5 % )']]
( a ) the amounts above exclude participations in standby letters of credit of $ 3.3 billion and $ 3.2 billion to other financial institutions as of december 31 , 2013 and december 31 , 2012 , respectively .the amounts above include $ 6.6 billion and $ 7.5 billion which support remarketing programs at december 31 , 2013 and december 31 , 2012 , respectively .( b ) indicates that expected risk of loss is currently low .( c ) indicates a higher degree of risk of default .if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them .the standby letters of credit outstanding on december 31 , 2013 had terms ranging from less than 1 year to 6 years .as of december 31 , 2013 , assets of $ 2.0 billion secured certain specifically identified standby letters of credit .in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us .the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ 218 million at december 31 , 2013 .standby bond purchase agreements and other liquidity facilities we enter into standby bond purchase agreements to support municipal bond obligations .at december 31 , 2013 , the aggregate of our commitments under these facilities was $ 1.3 billion .we also enter into certain other liquidity facilities to support individual pools of receivables acquired by commercial paper conduits .there were no commitments under these facilities at december 31 , 2013 .212 the pnc financial services group , inc .2013 form 10-k .
|
if you include the balance of standby letters of credit to other financial institutions as of december 31 , 2013 , what would be the balance in billions of net outstanding standby letters of credit ?
|
13.8
|
{
"answer": "13.8",
"decimal": 13.8,
"type": "float"
}
| |
backlog applied manufactures systems to meet demand represented by order backlog and customer commitments .backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months .backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) .
[['', '2015', '2014', '', '( in millions except percentages )'], ['silicon systems', '$ 1720', '55% ( 55 % )', '$ 1400', '48% ( 48 % )'], ['applied global services', '812', '26% ( 26 % )', '775', '27% ( 27 % )'], ['display', '525', '16% ( 16 % )', '593', '20% ( 20 % )'], ['energy and environmental solutions', '85', '3% ( 3 % )', '149', '5% ( 5 % )'], ['total', '$ 3142', '100% ( 100 % )', '$ 2917', '100% ( 100 % )']]
applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations .customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties .delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations .manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems .applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia .applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites .although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible .accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers .applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. .
|
what is the growth rate in silicon systems from 2014 to 2015?
|
22.9%
|
{
"answer": "22.9%",
"decimal": 0.22899999999999998,
"type": "percentage"
}
| |
our overall gross margin percentage decreased to 59.8% ( 59.8 % ) in 2013 from 62.1% ( 62.1 % ) in 2012 .the decrease in the gross margin percentage was primarily due to the gross margin percentage decrease in pccg .we derived most of our overall gross margin dollars in 2013 and 2012 from the sale of platforms in the pccg and dcg operating segments .our net revenue for 2012 , which included 52 weeks , decreased by $ 658 million , or 1% ( 1 % ) , compared to 2011 , which included 53 weeks .the pccg and dcg platform unit sales decreased 1% ( 1 % ) while average selling prices were unchanged .additionally , lower netbook platform unit sales and multi-comm average selling prices , primarily discrete modems , contributed to the decrease .these decreases were partially offset by our mcafee operating segment , which we acquired in the q1 2011 .mcafee contributed $ 469 million of additional revenue in 2012 compared to 2011 .our overall gross margin dollars for 2012 decreased by $ 606 million , or 2% ( 2 % ) , compared to 2011 .the decrease was due in large part to $ 494 million of excess capacity charges , as well as lower revenue from the pccg and dcg platform .to a lesser extent , approximately $ 390 million of higher unit costs on the pccg and dcg platform as well as lower netbook and multi-comm revenue contributed to the decrease .the decrease was partially offset by $ 643 million of lower factory start-up costs as we transition from our 22nm process technology to r&d of our next- generation 14nm process technology , as well as $ 422 million of charges recorded in 2011 to repair and replace materials and systems impacted by a design issue related to our intel ae 6 series express chipset family .the decrease was also partially offset by the two additional months of results from our acquisition of mcafee , which occurred on february 28 , 2011 , contributing approximately $ 334 million of additional gross margin dollars in 2012 compared to 2011 .the amortization of acquisition-related intangibles resulted in a $ 557 million reduction to our overall gross margin dollars in 2012 , compared to $ 482 million in 2011 , primarily due to acquisitions completed in q1 2011 .our overall gross margin percentage in 2012 was flat from 2011 as higher excess capacity charges and higher unit costs on the pccg and dcg platform were offset by lower factory start-up costs and no impact in 2012 for a design issue related to our intel 6 series express chipset family .we derived a substantial majority of our overall gross margin dollars in 2012 and 2011 from the sale of platforms in the pccg and dcg operating segments .pc client group the revenue and operating income for the pccg operating segment for each period were as follows: .
[['( in millions )', '2013', '2012', '2011'], ['net revenue', '$ 33039', '$ 34504', '$ 35624'], ['operating income', '$ 11827', '$ 13106', '$ 14840']]
net revenue for the pccg operating segment decreased by $ 1.5 billion , or 4% ( 4 % ) , in 2013 compared to 2012 .pccg platform unit sales were down 3% ( 3 % ) primarily on softness in traditional pc demand during the first nine months of the year .the decrease in revenue was driven by lower notebook and desktop platform unit sales which were down 4% ( 4 % ) and 2% ( 2 % ) , respectively .pccg platform average selling prices were flat , with 6% ( 6 % ) higher desktop platform average selling prices offset by 4% ( 4 % ) lower notebook platform average selling prices .operating income decreased by $ 1.3 billion , or 10% ( 10 % ) , in 2013 compared to 2012 , which was driven by $ 1.5 billion of lower gross margin , partially offset by $ 200 million of lower operating expenses .the decrease in gross margin was driven by $ 1.5 billion of higher factory start-up costs primarily on our next-generation 14nm process technology as well as lower pccg platform revenue .these decreases were partially offset by approximately $ 520 million of lower pccg platform unit costs , $ 260 million of lower excess capacity charges , and higher sell-through of previously non- qualified units .net revenue for the pccg operating segment decreased by $ 1.1 billion , or 3% ( 3 % ) , in 2012 compared to 2011 .pccg revenue was negatively impacted by the growth of tablets as these devices compete with pcs for consumer sales .platform average selling prices and unit sales decreased 2% ( 2 % ) and 1% ( 1 % ) , respectively .the decrease was driven by 6% ( 6 % ) lower notebook platform average selling prices and 5% ( 5 % ) lower desktop platform unit sales .these decreases were partially offset by a 4% ( 4 % ) increase in desktop platform average selling prices and a 2% ( 2 % ) increase in notebook platform unit sales .table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
|
what was the operating margin for the pc client group in 2013?
|
36%
|
{
"answer": "36%",
"decimal": 0.36,
"type": "percentage"
}
| |
issuer purchases of equity securities the following table provides information about purchases by us during the three months ended december 31 , 2013 of equity securities that are registered by us pursuant to section 12 of the exchange act : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) ( 2 ) dollar value of shares that may yet be purchased under the plans or programs ( 1 ) .
[['period', 'total number of shares purchased ( 1 )', 'average price paid per share', 'total number of shares purchased as part of publicly announcedplans or programs ( 1 ) ( 2 )', 'dollar value of shares that may yet be purchased under the plans orprograms ( 1 )'], ['october 2013', '0', '$ 0', '0', '$ 781118739'], ['november 2013', '1191867', '98.18', '1191867', '664123417'], ['december 2013', '802930', '104.10', '802930', '580555202'], ['total', '1994797', '$ 100.56', '1994797', '']]
( 1 ) as announced on may 1 , 2013 , in april 2013 , the board of directors replaced its previously approved share repurchase authorization of up to $ 1 billion with a current authorization for repurchases of up to $ 1 billion of our common shares exclusive of shares repurchased in connection with employee stock plans , expiring on june 30 , 2015 .under the current share repurchase authorization , shares may be purchased from time to time at prevailing prices in the open market , by block purchases , or in privately-negotiated transactions , subject to certain regulatory restrictions on volume , pricing , and timing .as of february 1 , 2014 , the remaining authorized amount under the current authorization totaled approximately $ 580 million .( 2 ) excludes 0.1 million shares repurchased in connection with employee stock plans. .
|
what is the percentage of shares purchased in november concerning the whole 2013 year?
|
59.75%
|
{
"answer": "59.75%",
"decimal": 0.5975,
"type": "percentage"
}
|
it is the number of shares purchased in november of 2013 divided by the total shares purchased in 2013 , then turned into a percentage .
|
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 .
|
what was the average 2010 and 2009 total liability for the mrrp , in millions?
|
20.6
|
{
"answer": "20.6",
"decimal": 20.6,
"type": "float"
}
| |
management 2019s discussion and analysis 164 jpmorgan chase & co./2013 annual report firm ) is required to hold more than the additional 2.5% ( 2.5 % ) of tier 1 common .in addition , basel iii establishes a 6.5% ( 6.5 % ) tier i common equity standard for the definition of 201cwell capitalized 201d under the prompt corrective action ( 201cpca 201d ) requirements of the fdic improvement act ( 201cfdicia 201d ) .the tier i common equity standard is effective from the first quarter of 2015 .the following chart presents the basel iii minimum risk-based capital ratios during the transitional periods and on a fully phased-in basis .the chart also includes management 2019s target for the firm 2019s tier 1 common ratio .it is the firm 2019s current expectation that its basel iii tier 1 common ratio will exceed the regulatory minimums , both during the transition period and upon full implementation in 2019 and thereafter .the firm estimates that its tier 1 common ratio under the basel iii advanced approach on a fully phased-in basis would be 9.5% ( 9.5 % ) as of december 31 , 2013 , achieving management 2019s previously stated objectives .the tier 1 common ratio as calculated under the basel iii standardized approach is estimated at 9.4% ( 9.4 % ) as of december 31 , 2013 .the tier 1 common ratio under both basel i and basel iii are non-gaap financial measures .however , such measures are used by bank regulators , investors and analysts to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies .the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under the advanced approach of the basel iii rules , along with the firm 2019s estimated risk-weighted assets .key differences in the calculation of rwa between basel i and basel iii advanced approach include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk- weightings which vary only by counterparty type and asset class ; and ( 2 ) basel iii includes rwa for operational risk , whereas basel i does not .operational risk capital takes into consideration operational losses in the quarter following the period in which those losses were realized , and the calculation generally incorporates such losses irrespective of whether the issues or business activity giving rise to the losses have been remediated or reduced .the firm 2019s operational risk capital model continues to be refined in conjunction with the firm 2019s basel iii advanced approach parallel run .as a result of model enhancements in 2013 , as well as taking into consideration the legal expenses incurred by the firm in 2013 , the firm 2019s operational risk capital increased substantially in 2013 over 2012 .tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of accumulated other comprehensive income ( 201caoci 201d ) related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans .december 31 , 2013 ( in millions , except ratios ) .
[['tier 1 common under basel i rules', '$ 148887'], ['adjustments related to aoci for afs securities and defined benefit pension and opeb plans', '1474'], ['add back of basel i deductions ( a )', '1780'], ['deduction for deferred tax asset related to net operating loss and foreign tax credit carryforwards', '-741 ( 741 )'], ['all other adjustments', '-198 ( 198 )'], ['estimated tier 1 common under basel iii rules', '$ 151202'], ['estimated risk-weighted assets under basel iii advanced approach ( b )', '$ 1590873'], ['estimated tier 1 common ratio under basel iii advanced approach ( c )', '9.5% ( 9.5 % )']]
estimated risk-weighted assets under basel iii advanced approach ( b ) $ 1590873 estimated tier 1 common ratio under basel iii advanced approach ( c ) 9.5% ( 9.5 % ) ( a ) certain exposures , which are deducted from capital under basel i , are risked-weighted under basel iii. .
|
in december 2013 what was the ratio of the estimated risk-weighted assets under basel iii advanced approach to the estimated tier 1 common under basel iii rules
|
10.52
|
{
"answer": "10.52",
"decimal": 10.52,
"type": "float"
}
| |
to determine stock-based compensation expense , the grant- date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the pro rata vesting period .at december 31 , 2011 and 2010 , options for 12337000 and 13397000 shares of common stock were exercisable at a weighted-average price of $ 106.08 and $ 118.21 , respectively .the total intrinsic value of options exercised during 2012 , 2011 and 2010 was $ 37 million , $ 4 million and $ 5 million .cash received from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 118 million , $ 41 million and $ 15 million , respectively .the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 41 million , $ 14 million and $ 5 million , respectively .there were no options granted in excess of market value in 2012 , 2011 or 2010 .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 29192854 at december 31 , 2012 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 30537674 shares at december 31 , 2012 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2012 , we issued approximately 1.7 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2012 , 2011 and 2010 include 25620 , 27090 and 29040 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant .incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant .the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period .the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards .restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months .beginning in 2012 , we incorporated several risk-related performance changes to certain incentive compensation programs .in addition to achieving certain financial performance metrics relative to our peers , the final payout amount will be subject to a negative adjustment if pnc fails to meet certain risk-related performance metrics as specified in the award agreement .however , the p&cc has the discretion to reduce any or all of this negative adjustment under certain circumstances .these awards have a three-year performance period and are payable in either stock or a combination of stock and cash .additionally , performance-based restricted share units were granted in 2012 to certain of our executives in lieu of stock options , with generally the same terms and conditions as the 2011 awards of the same .the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 , 2011 and 2010 was $ 60.68 , $ 63.25 and $ 54.59 per share , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 130 : nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair .
[['shares in thousands december 31 2011', 'nonvested incentive/ performance unit shares 830', 'weighted-averagegrantdate fairvalue $ 61.68', 'nonvested restricted stock/ unit shares 2512', 'weighted-averagegrantdate fairvalue $ 54.87'], ['granted', '465', '60.70', '1534', '60.67'], ['vested', '-100 ( 100 )', '64.21', '-831 ( 831 )', '45.47'], ['forfeited', '-76 ( 76 )', '60.27', '-154 ( 154 )', '60.51'], ['december 31 2012', '1119', '$ 61.14', '3061', '$ 60.04']]
in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash .at december 31 , 2012 , there was $ 86 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans .this cost is expected to be recognized as expense over a period of no longer than five years .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2012 , 2011 and 2010 was approximately $ 55 million , $ 52 million and $ 39 million , respectively .the pnc financial services group , inc .2013 form 10-k 203 .
|
what was the average weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 and 2011?
|
62.0
|
{
"answer": "62.0",
"decimal": 62,
"type": "float"
}
| |
entergy arkansas , inc .management's financial discussion and analysis gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 114 million in gross wholesale revenue due to an increase in the average price of energy available for resale sales and an increase in sales to affiliated customers ; an increase of $ 106.1 million in production cost allocation rider revenues which became effective in july 2007 as a result of the system agreement proceedings .as a result of the system agreement proceedings , entergy arkansas also has a corresponding increase in deferred fuel expense for payments to other entergy system companies such that there is no effect on net income .entergy arkansas makes payments over a seven-month period but collections from customers occur over a twelve-month period .the production cost allocation rider is discussed in note 2 to the financial statements and the system agreement proceedings are referenced below under "federal regulation" ; and an increase of $ 58.9 million in fuel cost recovery revenues due to changes in the energy cost recovery rider effective april 2008 and september 2008 , partially offset by decreased usage .the energy cost recovery rider filings are discussed in note 2 to the financial statements .the increase was partially offset by a decrease of $ 14.6 million related to volume/weather , as discussed above .fuel and purchased power expenses increased primarily due to an increase of $ 106.1 million in deferred system agreement payments , as discussed above and an increase in the average market price of purchased power .2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2007 to 2006 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2006 net revenue', '$ 1074.5'], ['net wholesale revenue', '13.2'], ['transmission revenue', '11.8'], ['deferred fuel costs revisions', '8.6'], ['other', '2.5'], ['2007 net revenue', '$ 1110.6']]
the net wholesale revenue variance is primarily due to lower wholesale revenues in the third quarter 2006 due to an october 2006 ferc order requiring entergy arkansas to make a refund to a coal plant co-owner resulting from a contract dispute , in addition to re-pricing revisions , retroactive to 2003 , of $ 5.9 million of purchased power agreements among entergy system companies as directed by the ferc .the transmission revenue variance is primarily due to higher rates and the addition of new transmission customers in late 2006 .the deferred fuel cost revisions variance is primarily due to the 2006 energy cost recovery true-up , made in the first quarter 2007 , which increased net revenue by $ 6.6 million .gross operating revenue and fuel and purchased power expenses gross operating revenues decreased primarily due to a decrease of $ 173.1 million in fuel cost recovery revenues due to a decrease in the energy cost recovery rider effective april 2007 .the energy cost recovery rider is discussed in note 2 to the financial statements .the decrease was partially offset by production cost allocation rider revenues of $ 124.1 million that became effective in july 2007 as a result of the system agreement proceedings .as .
|
what is the net change in net revenue during 2007 for entergy arkansas , inc.?
|
36.1
|
{
"answer": "36.1",
"decimal": 36.1,
"type": "float"
}
| |
note 15 : chipset design issue in january 2011 , as part of our ongoing quality assurance procedures , we identified a design issue with the intel ae 6 series express chipset family .the issue affected chipsets sold in the fourth quarter of 2010 and january 2011 .we subsequently implemented a silicon fix and began shipping the updated version of the affected chipset in february 2011 .the total cost in 2011 to repair and replace affected materials and systems , located with customers and in the market , was $ 422 million .we do not expect to have any significant future adjustments related to this issue .note 16 : borrowings short-term debt as of december 28 , 2013 , short-term debt consisted of drafts payable of $ 257 million and notes payable of $ 24 million ( drafts payable of $ 264 million and notes payable of $ 48 million as of december 29 , 2012 ) .we have an ongoing authorization from our board of directors to borrow up to $ 3.0 billion , including through the issuance of commercial paper .maximum borrowings under our commercial paper program during 2013 were $ 300 million ( $ 500 million during 2012 ) .our commercial paper was rated a-1+ by standard & poor 2019s and p-1 by moody 2019s as of december 28 , 2013 .long-term debt our long-term debt at the end of each period was as follows : ( in millions ) dec 28 , dec 29 .
[['( in millions )', 'dec 282013', 'dec 292012'], ['2012 senior notes due 2017 at 1.35% ( 1.35 % )', '$ 2997', '$ 2997'], ['2012 senior notes due 2022 at 2.70% ( 2.70 % )', '1494', '1494'], ['2012 senior notes due 2032 at 4.00% ( 4.00 % )', '744', '743'], ['2012 senior notes due 2042 at 4.25% ( 4.25 % )', '924', '924'], ['2011 senior notes due 2016 at 1.95% ( 1.95 % )', '1499', '1498'], ['2011 senior notes due 2021 at 3.30% ( 3.30 % )', '1996', '1996'], ['2011 senior notes due 2041 at 4.80% ( 4.80 % )', '1490', '1489'], ['2009 junior subordinated convertible debentures due 2039 at 3.25% ( 3.25 % )', '1075', '1063'], ['2005 junior subordinated convertible debentures due 2035 at 2.95% ( 2.95 % )', '946', '932'], ['total long-term debt', '$ 13165', '$ 13136']]
senior notes in the fourth quarter of 2012 , we issued $ 6.2 billion aggregate principal amount of senior unsecured notes for general corporate purposes and to repurchase shares of our common stock pursuant to our authorized common stock repurchase program .in the third quarter of 2011 , we issued $ 5.0 billion aggregate principal amount of senior unsecured notes , primarily to repurchase shares of our common stock pursuant to our authorized common stock repurchase program , and for general corporate purposes .our senior notes pay a fixed rate of interest semiannually .we may redeem our senior notes , in whole or in part , at any time at our option at specified redemption prices .the senior notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries .table of contents intel corporation notes to consolidated financial statements ( continued ) .
|
what is the net cash flow from short-term debt in 2013?
|
-31
|
{
"answer": "-31",
"decimal": -31,
"type": "float"
}
| |
after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the personnel committee set the entergy achievement multiplier at 140% ( 140 % ) of target .under the terms of the executive incentive plan , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive ( including mr .denault and mr .smith , but not the other named executive officers ) , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether .in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee , through the exercise of negative discretion , a mechanism to take into consideration the specific achievement factors relating to the overall performance of entergy corporation .in january 2009 , the committee exercised its negative discretion to eliminate the management effectiveness factor , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management .the annual incentive award for the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) is awarded from an incentive pool approved by the committee .from this pool , each named executive officer's supervisor determines the annual incentive payment based on the entergy achievement multiplier .the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance .the incentive awards are subject to the ultimate approval of entergy's chief executive officer .the following table shows the executive and management incentive plans payments as a percentage of base salary for 2008 : named exeutive officer target percentage base salary 2008 annual incentive award .
[['named exeutive officer', 'target', 'percentage base salary', '2008 annual incentive award'], ['j . wayne leonard', '120% ( 120 % )', '168% ( 168 % )', '$ 2169720'], ['leo p . denault', '70% ( 70 % )', '98% ( 98 % )', '$ 617400'], ['richard j . smith', '70% ( 70 % )', '98% ( 98 % )', '$ 632100'], ['e . renae conley', '60% ( 60 % )', '102% ( 102 % )', '$ 415000'], ['hugh t . mcdonald', '50% ( 50 % )', '50% ( 50 % )', '$ 160500'], ['joseph f . domino', '50% ( 50 % )', '72% ( 72 % )', '$ 230000'], ['roderick k . west', '40% ( 40 % )', '80% ( 80 % )', '$ 252000'], ['haley fisackerly', '40% ( 40 % )', '46% ( 46 % )', '$ 125700'], ['theodore h . bunting jr .', '60% ( 60 % )', '117% ( 117 % )', '$ 400023'], ['carolyn shanks', '50% ( 50 % )', '72% ( 72 % )', '$ 229134'], ['jay a . lewis', '40% ( 40 % )', '60% ( 60 % )', '$ 128505']]
while ms .shanks and mr .lewis are no longer ceo-entergy mississippi and principal financial officer for the subsidiaries , respectively , ms .shanks continues to participate in the executive incentive plan , and mr .lewis continues to participate in the management incentive plan as they remain employees of entergy since the contemplated enexus separation has not occurred and enexus remains a subsidiary of entergy .nuclear retention plan some of entergy's executives , but not any of the named executive officers , participate in a special retention plan for officers and other leaders with special expertise in the nuclear industry .the committee authorized the plan to attract and retain management talent in the nuclear power field , a field which requires unique technical and other expertise that is in great demand in the utility industry .the plan provides for bonuses to be paid over a three-year employment period .subject to continued employment with a participating company , a participating employee is eligible to receive a special cash bonus consisting of three payments , each consisting of an amount from 15% ( 15 % ) to 30% ( 30 % ) of such participant's base salary. .
|
what is the difference of annual incentive award between the top two highest paid executives?
|
1537620
|
{
"answer": "1537620",
"decimal": 1537620,
"type": "float"
}
| |
our international networks segment owns and operates the following television networks , which reached the following number of subscribers via pay television services as of december 31 , 2013 : global networks international subscribers ( millions ) regional networks international subscribers ( millions ) .
[['global networks discovery channel', 'internationalsubscribers ( millions ) 271', 'regional networks discovery kids', 'internationalsubscribers ( millions ) 76'], ['animal planet', '200', 'sbs nordic ( a )', '28'], ['tlc real time and travel & living', '162', 'dmax ( b )', '16'], ['discovery science', '81', 'discovery history', '14'], ['investigation discovery', '74', 'shed', '12'], ['discovery home & health', '64', 'discovery en espanol ( u.s. )', '5'], ['turbo', '52', 'discovery familia ( u.s. )', '4'], ['discovery world', '23', 'gxt', '4']]
( a ) number of subscribers corresponds to the collective sum of the total number of subscribers to each of the sbs nordic broadcast networks in sweden , norway , and denmark subject to retransmission agreements with pay television providers .( b ) number of subscribers corresponds to dmax pay television networks in the u.k. , austria , switzerland and ireland .our international networks segment also owns and operates free-to-air television networks which reached 285 million cumulative viewers in europe and the middle east as of december 31 , 2013 .our free-to-air networks include dmax , fatafeat , quest , real time , giallo , frisbee , focus and k2 .similar to u.s .networks , the primary sources of revenue for international networks are fees charged to operators who distribute our networks , which primarily include cable and dth satellite service providers , and advertising sold on our television networks .international television markets vary in their stages of development .some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies .common practice in some markets results in long-term contractual distribution relationships , while customers in other markets renew contracts annually .distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the agreements , and the market demand for the content that we provide .advertising revenue is dependent upon a number of factors including the development of pay and free-to-air television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over a group of channels .in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets .in developing television markets , we expect that advertising revenue growth will result from continued subscriber and viewership growth , our localization strategy , and the shift of advertising spending from traditional analog networks to channels in the multi-channel environment .in relatively mature markets , such as western europe , growth in advertising revenue will come from increasing viewership and pricing of advertising on our existing television networks and the launching of new services , both organic and through acquisitions .during 2013 , distribution , advertising and other revenues were 50% ( 50 % ) , 47% ( 47 % ) and 3% ( 3 % ) , respectively , of total net revenues for this segment .on january 21 , 2014 , we entered into an agreement with tf1 to acquire a controlling interest in eurosport international ( "eurosport" ) , a leading pan-european sports media platform , by increasing our ownership stake from 20% ( 20 % ) to 51% ( 51 % ) for cash of approximately 20ac253 million ( $ 343 million ) subject to working capital adjustments .due to regulatory constraints the acquisition initially excludes eurosport france , a subsidiary of eurosport .we will retain a 20% ( 20 % ) equity interest in eurosport france and a commitment to acquire another 31% ( 31 % ) ownership interest beginning 2015 , contingent upon resolution of all regulatory matters .the flagship eurosport network focuses on regionally popular sports such as tennis , skiing , cycling and motor sports and reaches 133 million homes across 54 countries in 20 languages .eurosport 2019s brands and platforms also include eurosport hd ( high definition simulcast ) , eurosport 2 , eurosport 2 hd ( high definition simulcast ) , eurosport asia-pacific , and eurosportnews .the acquisition is intended to increase the growth of eurosport and enhance our pay television offerings in europe .tf1 will have the right to put the entirety of its remaining 49% ( 49 % ) non-controlling interest to us for approximately two and a half years after completion of this acquisition .the put has a floor value equal to the fair value at the acquisition date if exercised in the 90 day period beginning on july 1 , 2015 and is subsequently priced at fair value if exercised in the 90 day period beginning on july 1 , 2016 .we expect the acquisition to close in the second quarter of 2014 subject to obtaining necessary regulatory approvals. .
|
what was the difference in millions of international subscribers between discovery channel and animal planet?
|
71
|
{
"answer": "71",
"decimal": 71,
"type": "float"
}
| |
notes to consolidated financial statements ( continued ) | 72 snap-on incorporated following is a reconciliation of the beginning and ending amount of unrecognized tax benefits : ( amounts in millions ) amount .
[['( amounts in millions )', 'amount'], ['unrecognized tax benefits as of december 31 2006', '$ 21.3'], ['gross increases 2013 tax positions in prior periods', '0.5'], ['gross decreases 2013 tax positions in prior periods', '-0.4 ( 0.4 )'], ['gross increases 2013 tax positions in the current period', '0.5'], ['settlements with taxing authorities', '-3.0 ( 3.0 )'], ['lapsing of statutes of limitations', '-0.2 ( 0.2 )'], ['unrecognized tax benefits as of december 29 2007', '$ 18.7']]
of the $ 18.7 million of unrecognized tax benefits at the end of 2007 , approximately $ 16.2 million would impact the effective income tax rate if recognized .interest and penalties related to unrecognized tax benefits are recorded in income tax expense .during the years ended december 29 , 2007 , december 30 , 2006 , and december 31 , 2005 , the company recognized approximately $ 1.2 million , $ 0.5 million and ( $ 0.5 ) million in net interest expense ( benefit ) , respectively .the company has provided for approximately $ 3.4 million , $ 2.2 million , and $ 1.7 million of accrued interest related to unrecognized tax benefits at the end of fiscal year 2007 , 2006 and 2005 , respectively .during the next 12 months , the company does not anticipate any significant changes to the total amount of unrecognized tax benefits , other than the accrual of additional interest expense in an amount similar to the prior year 2019s expense .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 2003 , and snap-on is no longer subject to non-u.s .income tax examinations by tax authorities for years prior to 2001 .the undistributed earnings of all non-u.s .subsidiaries totaled $ 338.5 million , $ 247.4 million and $ 173.6 million at the end of fiscal 2007 , 2006 and 2005 , 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 .the american jobs creation act of 2004 ( the 201cajca 201d ) created a one-time tax incentive for u.s .corporations to repatriate accumulated foreign earnings by providing a tax deduction of 85% ( 85 % ) of qualifying dividends received from foreign affiliates .under the provisions of the ajca , snap-on repatriated approximately $ 93 million of qualifying dividends in 2005 that resulted in additional income tax expense of $ 3.3 million for the year .note 9 : short-term and long-term debt notes payable and long-term debt as of december 29 , 2007 , was $ 517.9 million ; no commercial paper was outstanding at december 29 , 2007 .as of december 30 , 2006 , notes payable and long-term debt was $ 549.2 million , including $ 314.9 million of commercial paper .snap-on presented $ 300 million of the december 30 , 2006 , outstanding commercial paper as 201clong-term debt 201d on the accompanying december 30 , 2006 , consolidated balance sheet .on january 12 , 2007 , snap-on sold $ 300 million of unsecured notes consisting of $ 150 million of floating rate notes that mature on january 12 , 2010 , and $ 150 million of fixed rate notes that mature on january 15 , 2017 .interest on the floating rate notes accrues at a rate equal to the three-month london interbank offer rate plus 0.13% ( 0.13 % ) per year and is payable quarterly .interest on the fixed rate notes accrues at a rate of 5.50% ( 5.50 % ) per year and is payable semi-annually .snap-on used the proceeds from the sale of the notes , net of $ 1.5 million of transaction costs , to repay commercial paper obligations issued to finance the acquisition of business solutions .on january 12 , 2007 , the company also terminated a $ 250 million bridge credit agreement that snap-on established prior to its acquisition of business solutions. .
|
what are the total earnings generated by non-us subsidiaries in the last three years?
|
759.5
|
{
"answer": "759.5",
"decimal": 759.5,
"type": "float"
}
| |
item 7a .quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .the majority of our debt ( approximately 93% ( 93 % ) and 91% ( 91 % ) as of december 31 , 2012 and 2011 , respectively ) bears interest at fixed rates .we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
[['as of december 31,', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates'], ['2012', '$ -27.5 ( 27.5 )', '$ 28.4'], ['2011', '-7.4 ( 7.4 )', '7.7']]
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .during 2012 , we entered into and exited forward-starting interest rate swap agreements to effectively lock in the benchmark rate related to our 3.75% ( 3.75 % ) senior notes due 2023 , which we issued in november 2012 .we do not have any interest rate swaps outstanding as of december 31 , 2012 .we had $ 2590.8 of cash , cash equivalents and marketable securities as of december 31 , 2012 that we generally invest in conservative , short-term investment-grade securities .the interest income generated from these investments is subject to both domestic and foreign interest rate movements .during 2012 and 2011 , we had interest income of $ 29.5 and $ 37.8 , respectively .based on our 2012 results , a 100 basis point increase or decrease in interest rates would affect our interest income by approximately $ 26.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2012 levels .foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .since we report revenues and expenses in u.s .dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .dollars ) from foreign operations .the primary foreign currencies that impacted our results during 2012 were the brazilian real , euro , indian rupee and the south african rand .based on 2012 exchange rates and operating results , if the u.s .dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase between 3% ( 3 % ) and 5% ( 5 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2012 levels .the functional currency of our foreign operations is generally their respective local currency .assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .however , certain subsidiaries may enter into transactions in currencies other than their functional currency .assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. .
|
what was the ratio of the interest income from 2012 to 2011
|
0.78
|
{
"answer": "0.78",
"decimal": 0.78,
"type": "float"
}
| |
entergy mississippi , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 12.4 million primarily due to higher other operation and maintenance expenses , lower other income , and higher depreciation and amortization expenses , partially offset by higher net revenue .2007 compared to 2006 net income increased $ 19.8 million primarily due to higher net revenue , lower other operation and maintenance expenses , higher other income , and lower interest expense , partially offset by higher depreciation and amortization expenses .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 486.9'], ['attala costs', '9.9'], ['rider revenue', '6.0'], ['base revenue', '5.1'], ['reserve equalization', '-2.4 ( 2.4 )'], ['net wholesale revenue', '-4.0 ( 4.0 )'], ['other', '-2.7 ( 2.7 )'], ['2008 net revenue', '$ 498.8']]
the attala costs variance is primarily due to an increase in the attala power plant costs that are recovered through the power management rider .the net income effect of this recovery in limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes .the recovery of attala power plant costs is discussed further in "liquidity and capital resources - uses of capital" below .the rider revenue variance is the result of a storm damage rider that became effective in october 2007 .the establishment of this rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense for the storm reserve with no effect on net income .the base revenue variance is primarily due to a formula rate plan increase effective july 2007 .the formula rate plan filing is discussed further in "state and local rate regulation" below .the reserve equalization variance is primarily due to changes in the entergy system generation mix compared to the same period in 2007. .
|
what is the net difference in net revenue in 2008 compare to 2007?
|
11.9
|
{
"answer": "11.9",
"decimal": 11.9,
"type": "float"
}
| |
other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : .
[['2013', '$ 516'], ['2014', '556'], ['2015', '542'], ['2016', '513'], ['2017', '486'], ['thereafter', '1801'], ['total minimum lease payments', '$ 4414']]
other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion .in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations .contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies .however , the outcome of litigation is inherently uncertain .therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected .apple inc .vs samsung electronics co. , ltd , et al .on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division .because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
|
what was the percentage change in rent expense under operating leases from 2010 to 2011?
|
25%
|
{
"answer": "25%",
"decimal": 0.25,
"type": "percentage"
}
| |
undistributed earnings of $ 696.9 million from certain foreign subsidiaries are considered to be permanently reinvested abroad and will not be repatriated to the united states in the foreseeable future .because those earnings are considered to be indefinitely reinvested , no domestic federal or state deferred income taxes have been provided thereon .if we were to make a distribution of any portion of those earnings in the form of dividends or otherwise , we would be subject to both u.s .income taxes ( subject to an adjustment for foreign tax credits ) and withholding taxes payable to the various foreign jurisdictions .because of the availability of u.s .foreign tax credit carryforwards , it is not practicable to determine the domestic federal income tax liability that would be payable if such earnings were no longer considered to be reinvested indefinitely .a valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized .changes to our valuation allowance during the years ended may 31 , 2015 and 2014 are summarized below ( in thousands ) : .
[['balance at may 31 2013', '$ -28464 ( 28464 )'], ['utilization of foreign net operating loss carryforwards', '2822'], ['allowance for foreign tax credit carryforward', '18061'], ['other', '382'], ['balance at may 31 2014', '-7199 ( 7199 )'], ['utilization of foreign net operating loss carryforwards', '3387'], ['other', '-11 ( 11 )'], ['balance at may 31 2015', '$ -3823 ( 3823 )']]
net operating loss carryforwards of foreign subsidiaries totaling $ 12.4 million and u.s .net operating loss carryforwards previously acquired totaling $ 19.8 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2033 if not utilized .capital loss carryforwards of u.s .subsidiaries totaling $ 4.7 million will expire if not utilized by may 31 , 2017 .tax credit carryforwards totaling $ 8.4 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2023 if not utilized .we conduct business globally and file income tax returns in the u.s .federal jurisdiction and various state and foreign jurisdictions .in the normal course of business , we are subject to examination by taxing authorities around the world .as a result of events that occurred in the fourth quarter of the year ended may 31 , 2015 , management concluded that it was more likely than not that the tax positions in a foreign jurisdiction , for which we had recorded estimated liabilities of $ 65.6 million in other noncurrent liabilities on our consolidated balance sheet , would be sustained on their technical merits based on information available as of may 31 , 2015 .therefore , the liability and corresponding deferred tax assets were eliminated as of may 31 , 2015 .the uncertain tax positions have been subject to an ongoing examination in that foreign jurisdiction by the tax authority .discussions and correspondence between the tax authority and us during the fourth quarter indicated that the likelihood of the positions being sustained had increased .subsequent to may 31 , 2015 , we received a final closure notice regarding the examination resulting in no adjustments to taxable income related to this matter for the tax returns filed for the periods ended may 31 , 2010 through may 31 , 2013 .the unrecognized tax benefits were effectively settled with this final closure notice .we are no longer subjected to state income tax examinations for years ended on or before may 31 , 2008 , u.s .federal income tax examinations for fiscal years prior to 2012 and united kingdom federal income tax examinations for years ended on or before may 31 , 2013 .78 2013 global payments inc .| 2015 form 10-k annual report .
|
what is the total net operating loss that must be utilized before expiration between may 31 , 2017 and may 31 , 2033?
|
$ 32.2 million
|
{
"answer": "$ 32.2 million",
"decimal": 32200000.000000004,
"type": "money"
}
|
to calculate the total net operating loss that must be utilized , one must add the foreign subsidiaries net operating loss with the u.s . net operating loss .
|
item 7 .management 2019s discussion and analysis of financial condition and results of operations the following discussion and analysis is based primarily on the consolidated financial statements of welltower inc .for the periods presented and should be read together with the notes thereto contained in this annual report on form 10-k .other important factors are identified in 201citem 1 2014 business 201d and 201citem 1a 2014 risk factors 201d above .executive summary company overview welltower inc .( nyse : hcn ) , an s&p 500 company headquartered in toledo , ohio , is driving the transformation of health care infrastructure .the company invests with leading seniors housing operators , post- acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people 2019s wellness and overall health care experience .welltowertm , a real estate investment trust ( 201creit 201d ) , owns interests in properties concentrated in major , high-growth markets in the united states , canada and the united kingdom , consisting of seniors housing and post-acute communities and outpatient medical properties .our capital programs , when combined with comprehensive planning , development and property management services , make us a single-source solution for acquiring , planning , developing , managing , repositioning and monetizing real estate assets .the following table summarizes our consolidated portfolio for the year ended december 31 , 2016 ( dollars in thousands ) : type of property net operating income ( noi ) ( 1 ) percentage of number of properties .
[['type of property', 'net operating income ( noi ) ( 1 )', 'percentage of noi', 'number of properties'], ['triple-net', '$ 1208860', '50.3% ( 50.3 % )', '631'], ['seniors housing operating', '814114', '33.9% ( 33.9 % )', '420'], ['outpatient medical', '380264', '15.8% ( 15.8 % )', '262'], ['totals', '$ 2403238', '100.0% ( 100.0 % )', '1313']]
( 1 ) excludes our share of investments in unconsolidated entities and non-segment/corporate noi .entities in which we have a joint venture with a minority partner are shown at 100% ( 100 % ) of the joint venture amount .business strategy our primary objectives are to protect stockholder capital and enhance stockholder value .we seek to pay consistent cash dividends to stockholders and create opportunities to increase dividend payments to stockholders as a result of annual increases in net operating income and portfolio growth .to meet these objectives , we invest across the full spectrum of seniors housing and health care real estate and diversify our investment portfolio by property type , relationship and geographic location .substantially all of our revenues are derived from operating lease rentals , resident fees and services , and interest earned on outstanding loans receivable .these items represent our primary sources of liquidity to fund distributions and depend upon the continued ability of our obligors to make contractual rent and interest payments to us and the profitability of our operating properties .to the extent that our customers/partners experience operating difficulties and become unable to generate sufficient cash to make payments to us , there could be a material adverse impact on our consolidated results of operations , liquidity and/or financial condition .to mitigate this risk , we monitor our investments through a variety of methods determined by the type of property .our proactive and comprehensive asset management process for seniors housing properties generally includes review of monthly financial statements and other operating data for each property , review of obligor/ partner creditworthiness , property inspections , and review of covenant compliance relating to licensure , real estate taxes , letters of credit and other collateral .our internal property management division actively manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations , lease expirations , the mix of health service providers , hospital/health system relationships , property performance .
|
by number of properties , outpatient medical was what percent of the total?
|
20.0%
|
{
"answer": "20.0%",
"decimal": 0.2,
"type": "percentage"
}
| |
( d ) securities authorized for issuance under equity compensation plans .except for the information concerning equity compensation plans below , the information required by item 12 is incorporated by reference to the company 2019s 2004 proxy statement under the caption 2018 2018security ownership of certain beneficial owners and management . 2019 2019 the following table provides information about shares of aes common stock that may be issued under aes 2019s equity compensation plans , as of december 31 , 2003 : securities authorized for issuance under equity compensation plans ( as of december 31 , 2003 ) ( a ) ( b ) ( c ) number of securities remaining available for number of securities future issuance under to be issued upon weighted-average equity compensation exercise of exercise price plans ( excluding outstanding options , of outstanding options , securities reflected plan category warrants and rights warrants and rights in column ( a ) ) equity compensation plans approved by security holders ...29061549 13.80 16720238 equity compensation plans not approved by security holders ( 1 ) .11754222 13.09 225609 .
[['plan category', '( a ) number of securities to be issued upon exercise of outstanding options warrants and rights', '( 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 security holders', '29061549', '13.80', '16720238'], ['equity compensation plans not approved by security holders ( 1 )', '11754222', '13.09', '225609'], ['total', '40815771', '13.59', '16945847']]
( 1 ) the aes corporation 2001 non-officer stock option plan ( the 2018 2018plan 2019 2019 ) was adopted by our board of directors on october 18 , 2001 .this plan did not require approval under either the sec or nyse rules and/or regulations .eligible participants under the plan include all of our non-officer employees .as of the end of december 31 , 2003 , approximately 13500 employees held options under the plan .the exercise price of each option awarded under the plan is equal to the fair market value of our common stock on the grant date of the option .options under the plan generally vest as to 50% ( 50 % ) of their underlying shares on each anniversary of the option grant date , however , grants dated october 25 , 2001 vest in one year .the plan shall expire on october 25 , 2011 .the board may amend , modify or terminate the plan at any time .item 13 .certain relationships and related transactions see the information contained under the caption 2018 2018related party transactions 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on april 28 , 2004 , which information is incorporated herein by reference .item 14 .principal accounting fees and services the information required by this item will be contained in our proxy statement for the annual meeting of shareholders to be held on april 28 , 2004 and is hereby incorporated by reference. .
|
for the outstanding options warrants and rights , what percentage of these securities to be issued was from approved plans?
|
28.8%
|
{
"answer": "28.8%",
"decimal": 0.28800000000000003,
"type": "percentage"
}
|
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