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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 decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives .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 , 2013', 'years ended december 31 , 2012', 'years ended december 31 , 2011'], ['net income adjusted to reconcile net income to net cashprovided by operating activities1', '$ 598.4', '$ 697.2', '$ 735.7'], ['net cash used in working capital b2', '-9.6 ( 9.6 )', '-293.2 ( 293.2 )', '-359.4 ( 359.4 )'], ['changes in other non-current assets and liabilities using cash', '4.1', '-46.8 ( 46.8 )', '-102.8 ( 102.8 )'], ['net cash provided by operating activities', '$ 592.9', '$ 357.2', '$ 273.5'], ['net cash used in investing activities', '-224.5 ( 224.5 )', '-210.2 ( 210.2 )', '-58.8 ( 58.8 )'], ['net cash ( used in ) provided by financing activities', '-1212.3 ( 1212.3 )', '131.3', '-541.0 ( 541.0 )']]
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 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 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 .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 .the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies .net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 .the net working capital usage in 2012 was primarily impacted by our media businesses .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 2013 primarily relates to payments for capital expenditures and acquisitions .capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements .we made payments of $ 61.5 related to acquisitions completed during 2013. .
|
what portion of the change in net cash used for investing activities was used for capital expenditures in 2013?
|
77.1%
|
{
"answer": "77.1%",
"decimal": 0.7709999999999999,
"type": "percentage"
}
| |
interest and penalties with respect to unrecognized tax benefits were $ 3 million as of each of december 31 , 2015 and 2014 .during 2013 , the company recorded a reduction of $ 14 million to its liability for uncertain tax positions related to a change approved by the irs for the allocation of interest costs to long term construction contracts at ingalls .this change was made on a prospective basis only and did not impact the tax returns filed for years prior to 2013 .the following table summarizes the tax years that are either currently under examination or remain open under the applicable statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: .
[['jurisdiction united states', 'jurisdiction 2007', 'jurisdiction -', '2014'], ['california', '2010', '-', '2014'], ['louisiana', '2012', '-', '2014'], ['mississippi', '2012', '-', '2014'], ['virginia', '2012', '-', '2014']]
although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position .accordingly , additional provisions for federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved .conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued .the company believes that it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 2 million due to statute of limitation expirations .the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense .the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through the spin-off .during 2013 the company entered into the pre-compliance assurance process with the irs for years 2011 and 2012 .the company is part of the irs compliance assurance process program for the 2014 , 2015 , and 2016 tax years .open tax years related to state jurisdictions remain subject to examination .as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions .under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes .as a result , the company recorded in other assets a reimbursement receivable of approximately $ 4 million , net of federal benefit , related to uncertain tax positions for state income taxes as of the date of the spin-off .in 2014 , the statute of limitations expired for the $ 4 million liability related to state uncertain tax positions as of the spin-off date .accordingly , the $ 4 million liability and the associated reimbursement receivable were written off .on september 13 , 2013 , the treasury department and the internal revenue service issued final regulations regarding the deduction and capitalization of amounts paid to acquire , produce , improve , or dispose of tangible personal property .these regulations are generally effective for tax years beginning on or after january 1 , 2014 .the application of these regulations did not have a material impact on the company's consolidated financial statements .deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and for income tax purposes .such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. .
|
what is the current tax examination period in california , in years?
|
4
|
{
"answer": "4",
"decimal": 4,
"type": "float"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .123 to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : .
[['', '2002', '2001', '2000'], ['net loss as reported', '$ -1141879 ( 1141879 )', '$ -450094 ( 450094 )', '$ -194628 ( 194628 )'], ['less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect', '-38126 ( 38126 )', '-50540 ( 50540 )', '-51186 ( 51186 )'], ['pro-forma net loss', '$ -1180005 ( 1180005 )', '$ -500634 ( 500634 )', '$ -245814 ( 245814 )'], ['basic and diluted net loss per share 2014as reported', '$ -5.84 ( 5.84 )', '$ -2.35 ( 2.35 )', '$ -1.15 ( 1.15 )'], ['basic and diluted net loss per share 2014pro-forma', '$ -6.04 ( 6.04 )', '$ -2.61 ( 2.61 )', '$ -1.46 ( 1.46 )']]
fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .fair values were determined based on quoted market prices .the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .the requirements of sfas no .143 are effective for the company as of january 1 , 2003 .the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .in august 2001 , the fasb issued sfas no .144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .144 supersedes sfas no .121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .sfas no .144 also clarifies certain measurement and classification issues from sfas no .121 .in addition , sfas no .144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .however , sfas no .144 retains the requirement in apb no .30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .the scope of sfas no .144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .142 .the company implemented sfas no .144 on january 1 , 2002 .accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
|
what is the percentage change in 401 ( k ) contributions from 2000 to 2001?
|
-3.3%
|
{
"answer": "-3.3%",
"decimal": -0.033,
"type": "percentage"
}
| |
( 3 ) refer to note 2 201csummary of significant accounting principles and practices 201d for further information .13 .employee benefitsp y defined contribution savings plans aon maintains defined contribution savings plans for the benefit of its employees .the expense recognized for these plans is included in compensation and benefits in the consolidated statements of income .the expense for the significant plans in the u.s. , u.k. , netherlands and canada is as follows ( in millions ) : .
[['years ended december 31', '2018', '2017', '2016'], ['u.s .', '$ 98', '$ 105', '$ 121'], ['u.k .', '45', '43', '43'], ['netherlands and canada', '25', '25', '27'], ['total', '$ 168', '$ 173', '$ 191']]
pension and other postretirement benefits the company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement , medical , and life insurance benefits .the postretirement health care plans are contributory , with retiree contributions adjusted annually , and the aa life insurance and pension plans are generally noncontributory .the significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants. .
|
in 2018 what was the percent of the expenses in the us to the total benefit expense
|
58.3%
|
{
"answer": "58.3%",
"decimal": 0.583,
"type": "percentage"
}
| |
credit commitments the table below summarizes citigroup 2019s other commitments as of december 31 , 2008 and december 31 , 2007 .in millions of dollars u.s .outside december 31 , december 31 .
[['in millions of dollars', 'u.s .', 'outside u.s .', 'december 31 2008', 'december 31 2007'], ['commercial and similar letters of credit', '$ 2187', '$ 6028', '$ 8215', '$ 9175'], ['one- to four-family residential mortgages', '628', '309', '937', '4587'], ['revolving open-end loans secured by one- to four-family residential properties', '22591', '2621', '25212', '35187'], ['commercial real estate construction and land development', '2084', '618', '2702', '4834'], ['credit card lines', '867261', '135176', '1002437', '1103535'], ['commercial and other consumer loan commitments', '217818', '92179', '309997', '473631'], ['total', '$ 1112569', '$ 236931', '$ 1349500', '$ 1630949']]
the majority of unused commitments are contingent upon customers 2019 maintaining specific credit standards .commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees .such fees ( net of certain direct costs ) are deferred and , upon exercise of the commitment , amortized over the life of the loan or , if exercise is deemed remote , amortized over the commitment period .commercial and similar letters of credit a commercial letter of credit is an instrument by which citigroup substitutes its credit for that of a customer to enable the customer to finance the purchase of goods or to incur other commitments .citigroup issues a letter on behalf of its client to a supplier and agrees to pay the supplier upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit .when drawn , the customer then is required to reimburse citigroup .one- to four-family residential mortgages a one- to four-family residential mortgage commitment is a written confirmation from citigroup to a seller of a property that the bank will advance the specified sums enabling the buyer to complete the purchase .revolving open-end loans secured by one- to four-family residential properties revolving open-end loans secured by one- to four-family residential properties are essentially home equity lines of credit .a home equity line of credit is a loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt outstanding for the first mortgage .commercial real estate , construction and land development commercial real estate , construction and land development include unused portions of commitments to extend credit for the purpose of financing commercial and multifamily residential properties as well as land development projects .both secured-by-real-estate and unsecured commitments are included in this line .in addition , undistributed loan proceeds , where there is an obligation to advance for construction progress , payments are also included in this line .however , this line only includes those extensions of credit that once funded will be classified as loans on the consolidated balance sheet .credit card lines citigroup provides credit to customers by issuing credit cards .the credit card lines are unconditionally cancellable by the issuer .commercial and other consumer loan commitments commercial and other consumer loan commitments include commercial commitments to make or purchase loans , to purchase third-party receivables and to provide note issuance or revolving underwriting facilities .amounts include $ 140 billion and $ 259 billion with an original maturity of less than one year at december 31 , 2008 and december 31 , 2007 , respectively .in addition , included in this line item are highly leveraged financing commitments which are agreements that provide funding to a borrower with higher levels of debt ( measured by the ratio of debt capital to equity capital of the borrower ) than is generally considered normal for other companies .this type of financing is commonly employed in corporate acquisitions , management buy-outs and similar transactions. .
|
what percentage of citigroup 2019s total other commitments as of december 31 , 2008 are comprised of credit card lines?
|
74%
|
{
"answer": "74%",
"decimal": 0.74,
"type": "percentage"
}
| |
certain mortgage loans citigroup has elected the fair value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for-sale .these loans are intended for sale or securitization and are hedged with derivative instruments .the company has elected the fair value option to mitigate accounting mismatches in cases where hedge .
[['in millions of dollars', 'december 31 2009', 'december 31 2008'], ['carrying amount reported on the consolidated balance sheet', '$ 3338', '$ 4273'], ['aggregate fair value in excess of unpaid principalbalance', '55', '138'], ['balance of non-accrual loans or loans more than 90 days past due', '4', '9'], ['aggregate unpaid principal balance in excess of fair value for non-accrualloans or loans more than 90 days past due', '3', '2']]
the changes in fair values of these mortgage loans are reported in other revenue in the company 2019s consolidated statement of income .the changes in fair value during the years ended december 31 , 2009 and 2008 due to instrument-specific credit risk resulted in a $ 10 million loss and $ 32 million loss , respectively .related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated statement of income .mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value .fair value for msrs is determined using an option-adjusted spread valuation approach .this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates .the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates .the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates .in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward-purchase commitments of mortgage-backed securities , and purchased securities classified as trading .see note 23 to the consolidated financial statements for further discussions regarding the accounting and reporting of msrs .these msrs , which totaled $ 6.5 billion and $ 5.7 billion as of december 31 , 2009 and 2008 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet .changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income .certain structured liabilities the company has elected the fair value option for certain structured liabilities whose performance is linked to structured interest rates , inflation or currency risks ( 201cstructured liabilities 201d ) .the company elected the fair value option , because these exposures are considered to be trading-related positions and , therefore , are managed on a fair value basis .these positions will continue to be classified as debt , deposits or derivatives ( trading account liabilities ) on the company 2019s consolidated balance sheet according to their legal form .for those structured liabilities classified as long-term debt for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value by $ 125 million and $ 671 million as of december 31 , 2009 and 2008 , respectively .the change in fair value for these structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income .related interest expense is measured based on the contractual interest rates and reported as such in the consolidated income statement .certain non-structured liabilities the company has elected the fair value option for certain non-structured liabilities with fixed and floating interest rates ( 201cnon-structured liabilities 201d ) .the company has elected the fair value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings .the election has been made to mitigate accounting mismatches and to achieve operational simplifications .these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet .for those non-structured liabilities classified as short-term borrowings for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value of such instruments by $ 220 million as of december 31 , 2008 .for non-structured liabilities classified as long-term debt for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value by $ 1542 million and $ 856 million as of december 31 , 2009 and 2008 , respectively .the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income .related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement .accounting is complex and to achieve operational simplifications .the fair value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments .the following table provides information about certain mortgage loans carried at fair value: .
|
what was the percentage change in carrying amount reported on the consolidated balance sheet from 2008 to 2009?
|
-22%
|
{
"answer": "-22%",
"decimal": -0.22,
"type": "percentage"
}
| |
consumer lending asset classes home equity and residential real estate loan classes we use several credit quality indicators , including delinquency information , nonperforming loan information , updated credit scores , originated and updated ltv ratios , and geography , to monitor and manage credit risk within the home equity and residential real estate loan classes .we evaluate mortgage loan performance by source originators and loan servicers .a summary of asset quality indicators follows : delinquency/delinquency rates : we monitor trending of delinquency/delinquency rates for home equity and residential real estate loans .see the asset quality section of this note 3 for additional information .nonperforming loans : we monitor trending of nonperforming loans for home equity and residential real estate loans .see the asset quality section of this note 3 for additional information .credit scores : we use a national third-party provider to update fico credit scores for home equity loans and lines of credit and residential real estate loans at least quarterly .the updated scores are incorporated into a series of credit management reports , which are utilized to monitor the risk in the loan classes .ltv ( inclusive of combined loan-to-value ( cltv ) for first and subordinate lien positions ) : at least annually , we update the property values of real estate collateral and calculate an updated ltv ratio .for open-end credit lines secured by real estate in regions experiencing significant declines in property values , more frequent valuations may occur .we examine ltv migration and stratify ltv into categories to monitor the risk in the loan classes .historically , we used , and we continue to use , a combination of original ltv and updated ltv for internal risk management and reporting purposes ( e.g. , line management , loss mitigation strategies ) .in addition to the fact that estimated property values by their nature are estimates , given certain data limitations it is important to note that updated ltvs may be based upon management 2019s assumptions ( e.g. , if an updated ltv is not provided by the third-party service provider , home price index ( hpi ) changes will be incorporated in arriving at management 2019s estimate of updated ltv ) .geography : geographic concentrations are monitored to evaluate and manage exposures .loan purchase programs are sensitive to , and focused within , certain regions to manage geographic exposures and associated risks .a combination of updated fico scores , originated and updated ltv ratios and geographic location assigned to home equity loans and lines of credit and residential real estate loans is used to monitor the risk in the loan classes .loans with higher fico scores and lower ltvs tend to have a lower level of risk .conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk .consumer purchased impaired loan class estimates of the expected cash flows primarily determine the valuation of consumer purchased impaired loans .consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination .these key factors are monitored to help ensure that concentrations of risk are managed and cash flows are maximized .see note 4 purchased loans for additional information .table 63 : home equity and residential real estate balances in millions december 31 december 31 .
[['in millions', 'december 312014', 'december 31 2013'], ['home equity and residential real estate loans 2013 excluding purchased impaired loans ( a )', '$ 43348', '$ 44376'], ['home equity and residential real estate loans 2013 purchased impaired loans ( b )', '4541', '5548'], ['government insured or guaranteed residential real estate mortgages ( a )', '1188', '1704'], ['purchase accounting adjustments 2013 purchased impaired loans', '7', '-116 ( 116 )'], ['total home equity and residential real estate loans ( a )', '$ 49084', '$ 51512']]
( a ) represents recorded investment .( b ) represents outstanding balance .the pnc financial services group , inc .2013 form 10-k 133 .
|
were government insured or guaranteed residential real estate mortgages greater on 12/31/ 2014 than on12/31/ 2013?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
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| |
part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is listed and traded on the new york stock exchange under the symbol 201cipg 201d .as of february 13 , 2019 , there were approximately 10000 registered holders of our outstanding common stock .on february 13 , 2019 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.235 per share , payable on march 15 , 2019 to holders of record as of the close of business on march 1 , 2019 .although it is the board 2019s current intention to declare and pay future dividends , there can be no assurance that such additional dividends will in fact be declared and paid .any and the amount of any such declaration is at the discretion of the board and will depend upon factors such as our earnings , financial position and cash requirements .equity compensation plans see item 12 for information about our equity compensation plans .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 .repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2018 to december 31 , 2018 .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 ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3'], ['october 1 - 31', '3824', '$ 23.30', '2014', '$ 338421933'], ['november 1 - 30', '1750', '$ 23.77', '2014', '$ 338421933'], ['december 1 - 31', '2014', '2014', '2014', '$ 338421933'], ['total', '5574', '$ 23.45', '2014', '']]
1 the total number of shares of our common stock , par value $ 0.10 per share , repurchased were 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 ) .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 in the applicable period of the aggregate value of the tax withholding obligations by the sum of the number of withheld shares .3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .in february 2018 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock , which was in addition to any amounts remaining under the 2017 share repurchase program .on july 2 , 2018 , in connection with the announcement of the acxiom acquisition , we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition , and no shares were repurchased pursuant to the share repurchase programs in the periods reflected .there are no expiration dates associated with the share repurchase programs. .
|
what was the percentage decrease from october to november on total number of share purchased?
|
54.24%
|
{
"answer": "54.24%",
"decimal": 0.5424,
"type": "percentage"
}
| |
utilized .in accordance with sfas no .144 , accounting for the impairment or disposal of long-lived assets , a non-cash impairment charge of $ 4.1 million was recorded in the second quarter of fiscal 2008 for the excess machinery .this charge is included as a separate line item in the company 2019s consolidated statement of operations .there was no change to useful lives and related depreciation expense of the remaining assets as the company believes these estimates are currently reflective of the period the assets will be used in operations .7 .warranties the company generally provides a one-year warranty on sequencing , genotyping and gene expression systems .at the time revenue is recognized , the company establishes an accrual for estimated warranty expenses associated with system sales .this expense is recorded as a component of cost of product revenue .estimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract .changes in the company 2019s reserve for product warranties from january 1 , 2006 through december 28 , 2008 are as follows ( in thousands ) : .
[['balance as of january 1 2006', '$ 751'], ['additions charged to cost of revenue', '1379'], ['repairs and replacements', '-1134 ( 1134 )'], ['balance as of december 31 2006', '996'], ['additions charged to cost of revenue', '4939'], ['repairs and replacements', '-2219 ( 2219 )'], ['balance as of december 30 2007', '3716'], ['additions charged to cost of revenue', '13044'], ['repairs and replacements', '-8557 ( 8557 )'], ['balance as of december 28 2008', '$ 8203']]
8 .convertible senior notes on february 16 , 2007 , the company issued $ 400.0 million principal amount of 0.625% ( 0.625 % ) convertible senior notes due 2014 ( the notes ) , which included the exercise of the initial purchasers 2019 option to purchase up to an additional $ 50.0 million aggregate principal amount of notes .the net proceeds from the offering , after deducting the initial purchasers 2019 discount and offering expenses , were $ 390.3 million .the company will pay 0.625% ( 0.625 % ) interest per annum on the principal amount of the notes , payable semi-annually in arrears in cash on february 15 and august 15 of each year .the company made interest payments of $ 1.3 million and $ 1.2 million on february 15 , 2008 and august 15 , 2008 , respectively .the notes mature on february 15 , the notes will be convertible into cash and , if applicable , shares of the company 2019s common stock , $ 0.01 par value per share , based on a conversion rate , subject to adjustment , of 45.8058 shares per $ 1000 principal amount of notes ( which represents a conversion price of $ 21.83 per share ) , only in the following circumstances and to the following extent : ( 1 ) during the five business-day period after any five consecutive trading period ( the measurement period ) in which the trading price per note for each day of such measurement period was less than 97% ( 97 % ) of the product of the last reported sale price of the company 2019s common stock and the conversion rate on each such day ; ( 2 ) during any calendar quarter after the calendar quarter ending march 30 , 2007 , if the last reported sale price of the company 2019s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately illumina , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what was the sum of the interest payments in 2008 in millions .
|
2.5
|
{
"answer": "2.5",
"decimal": 2.5,
"type": "float"
}
|
the company paid a sum of 2.5 millions in interest in 2008 .
|
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 contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
[['calendar year:', 'pre-tax catastrophe losses'], ['( dollars in millions )', ''], ['2016', '$ 301.2'], ['2015', '53.8'], ['2014', '56.3'], ['2013', '194.0'], ['2012', '410.0']]
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 are the total pre-tax catastrophe losses in the last five years?\\n
|
1015.3
|
{
"answer": "1015.3",
"decimal": 1015.3,
"type": "float"
}
| |
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. .
[['', '2017', '2016', '2015'], ['brent oil prices ( $ /bbl ) ( 1 )', '$ 54.12', '$ 43.64', '$ 52.32'], ['wti oil prices ( $ /bbl ) ( 2 )', '50.80', '43.29', '48.66'], ['natural gas prices ( $ /mmbtu ) ( 3 )', '2.99', '2.52', '2.62']]
brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
|
what are the natural gas prices as a percentage of wti oil prices in 2016?
|
5.82%
|
{
"answer": "5.82%",
"decimal": 0.0582,
"type": "percentage"
}
| |
human capital management strategic imperative entergy engaged in a strategic imperative intended to optimize the organization through a process known as human capital management .in july 2013 management completed a comprehensive review of entergy 2019s organization design and processes .this effort resulted in a new internal organization structure , which resulted in the elimination of approximately 800 employee positions .entergy incurred approximately $ 110 million in costs in 2013 associated with this phase of human capital management , primarily implementation costs , severance expenses , pension curtailment losses , special termination benefits expense , and corporate property , plant , and equipment impairments .in december 2013 , entergy deferred for future recovery approximately $ 45 million of these costs , as approved by the apsc and the lpsc .see note 2 to the financial statements for details of the deferrals and note 13 to the financial statements for details of the restructuring charges .liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement .capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table. .
[['', '2013', '2012'], ['debt to capital', '57.9% ( 57.9 % )', '58.7% ( 58.7 % )'], ['effect of excluding securitization bonds', '( 1.6% ( 1.6 % ) )', '( 1.8% ( 1.8 % ) )'], ['debt to capital excluding securitization bonds ( a )', '56.3% ( 56.3 % )', '56.9% ( 56.9 % )'], ['effect of subtracting cash', '( 1.5% ( 1.5 % ) )', '( 1.1% ( 1.1 % ) )'], ['net debt to net capital excluding securitization bonds ( a )', '54.8% ( 54.8 % )', '55.8% ( 55.8 % )']]
( a ) calculation excludes the arkansas , louisiana , and texas securitization bonds , which are non-recourse to entergy arkansas , entergy louisiana , and entergy texas , respectively .net debt consists of debt less cash and cash equivalents .debt consists of notes payable and commercial paper , capital lease obligations , and long-term debt , including the currently maturing portion .capital consists of debt , common shareholders 2019 equity , and subsidiaries 2019 preferred stock without sinking fund .net capital consists of capital less cash and cash equivalents .entergy uses the debt to capital ratios excluding securitization bonds in analyzing its financial condition and believes they provide useful information to its investors and creditors in evaluating entergy 2019s financial condition because the securitization bonds are non-recourse to entergy , as more fully described in note 5 to the financial statements .entergy also uses the net debt to net capital ratio excluding securitization bonds in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating entergy 2019s financial condition because net debt indicates entergy 2019s outstanding debt position that could not be readily satisfied by cash and cash equivalents on hand .long-term debt , including the currently maturing portion , makes up most of entergy 2019s total debt outstanding .following are entergy 2019s long-term debt principal maturities and estimated interest payments as of december 31 , 2013 .to estimate future interest payments for variable rate debt , entergy used the rate as of december 31 , 2013 .the amounts below include payments on the entergy louisiana and system energy sale-leaseback transactions , which are included in long-term debt on the balance sheet .entergy corporation and subsidiaries management's financial discussion and analysis .
|
what is the percentage change in debt-to-capital ratio from 2012 to 2013?
|
-1.4%
|
{
"answer": "-1.4%",
"decimal": -0.013999999999999999,
"type": "percentage"
}
| |
the intangible assets identified that were determined to have value as a result of our analysis of allied 2019s projected revenue streams and their related profits include customer relationships , franchise agreements , other municipal agreements , non-compete agreements and trade names .the fair values for these intangible assets are reflected in the previous table .other intangible assets were identified that are considered to be components of either property and equipment or goodwill under u.s .gaap , including the value of the permitted and probable airspace at allied 2019s landfills ( property and equipment ) , the going concern element of allied 2019s business ( goodwill ) and its assembled workforce ( goodwill ) .the going concern element represents the ability of an established business to earn a higher rate of return on an assembled collection of net assets than would be expected if those assets had to be acquired separately .a substantial portion of this going concern element acquired is represented by allied 2019s infrastructure of market-based collection routes and its related integrated waste transfer and disposal channels , whose value has been included in goodwill .all of the goodwill and other intangible assets resulting from the acquisition of allied will not be deductible for income tax purposes .pro forma information the consolidated financial statements presented for republic include the operating results of allied from the date of the acquisition .the following pro forma information is presented assuming the merger had been completed as of january 1 , 2007 .the unaudited pro forma information presented has been prepared for illustrative purposes and is not intended to be indicative of the results of operations that would have actually occurred had the acquisition been consummated at the beginning of the periods presented or of future results of the combined operations .furthermore , the pro forma results do not give effect to all cost savings or incremental costs that occur as a result of the integration and consolidation of the acquisition ( in millions , except share and per share amounts ) .year ended december 31 , year ended december 31 , ( unaudited ) ( unaudited ) .
[['', 'year ended december 31 2008 ( unaudited )', 'year ended december 31 2007 ( unaudited )'], ['revenue', '$ 9362.2', '$ 9244.9'], ['net income', '285.7', '423.2'], ['basic earnings per share', '0.76', '1.10'], ['diluted earnings per share', '0.75', '1.09']]
the unaudited pro forma financial information includes adjustments for amortization of identifiable intangible assets , accretion of discounts to fair value associated with debt , environmental , self-insurance and other liabilities , accretion of capping , closure and post-closure obligations and amortization of the related assets , and provision for income taxes .assets held for sale as a condition of the merger with allied , the department of justice ( doj ) required us to divest of certain assets and related liabilities .as such , we classified these assets and liabilities as assets held for sale in our consolidated balance sheet at december 31 , 2008 .certain of the legacy republic assets classified as held for sale were adjusted to their estimated fair values less costs to sell and resulted in the recognition of an asset impairment loss of $ 1.8 million and $ 6.1 million in our consolidated statements of income for the years ended december 31 , 2009 and 2008 , respectively .the assets held for sale related to operations that were allied 2019s were recorded at their estimated fair values in our consolidated balance sheet as of december 31 , 2008 in republic services , inc .and subsidiaries notes to consolidated financial statements , continued .
|
what was the percent of the decline in the asset impairment loss for the years ended december 31 , 2009 and 2008
|
-70.5%
|
{
"answer": "-70.5%",
"decimal": -0.705,
"type": "percentage"
}
|
the percentage change is the change in amount from 2008 to 2009 divide by 2008
|
.
[['', 'june 27 2013', 'december 31 2013'], ['cdw corp', '$ 100', '$ 138'], ['s&p midcap 400 index', '100', '118'], ['cdw peers', '100', '113']]
use of proceeds from registered securities on july 2 , 2013 , the company completed an ipo of its common stock in which it issued and sold 23250000 shares of common stock .on july 31 , 2013 , the company completed the sale of an additional 3487500 shares of common stock to the underwriters of the ipo pursuant to the underwriters 2019 july 26 , 2013 exercise in full of the overallotment option granted to them in connection with the ipo .such shares were registered under the securities act of 1933 , as amended , pursuant to the company 2019s registration statement on form s-1 ( file 333-187472 ) , which was declared effective by the sec on june 26 , 2013 .the shares of common stock are listed on the nasdaq global select market under the symbol 201ccdw . 201d the company 2019s shares of common stock were sold to the underwriters at a price of $ 17.00 per share in the ipo and upon the exercise of the overallotment option , which together , generated aggregate net proceeds of $ 424.7 million to the company after deducting $ 29.8 million in underwriting discounts , expenses and transaction costs .using a portion of the net proceeds from the ipo ( exclusive of proceeds from the exercise of the overallotment option ) , the company paid a $ 24.4 million termination fee to affiliates of madison dearborn partners , llc and providence equity partners , l.l.c .in connection with the termination of the management services agreement with such entities that was effective upon completion of the ipo , redeemed $ 175.0 million aggregate principal amount of senior secured notes due 2018 , and redeemed $ 146.0 million aggregate principal amount of senior subordinated notes due 2017 .the redemption price of the senior secured notes due 2018 was 108.0% ( 108.0 % ) of the principal amount redeemed , plus accrued and unpaid interest to the date of redemption .the company used cash on hand to pay such accrued and unpaid interest .the redemption price of the senior subordinated notes due 2017 was 106.268% ( 106.268 % ) of the principal amount redeemed , plus accrued and unpaid interest to the date of redemption .the company used cash on hand to pay such accrued and unpaid interest .on october 18 , 2013 , proceeds from the overallotment option exercise of $ 56.0 million and cash on hand were used to redeem $ 155.0 million aggregate principal amount of senior subordinated notes due 2017 .the redemption price of the senior subordinated notes due 2017 was 104.178% ( 104.178 % ) of the principal amount redeemed , plus accrued and unpaid interest to the date of redemption .the company used cash on hand to pay such redemption premium and accrued and unpaid interest .j.p .morgan securities llc , barclays capital inc .and goldman , sachs & co .acted as joint book-running managers of the ipo and as representatives of the underwriters .deutsche bank securities inc .and morgan stanley & co .llc acted as additional book-running managers in the ipo .robert w .baird & co .incorporated , raymond james & associates , inc. , william blair & company , l.l.c. , needham & company , llc , stifel , nicolaus & company , incorporated , loop capital markets llc and the williams capital group , l.p .acted as managing underwriters in the ipo. .
|
how many ipo shares did the company sell in july 2013?
|
26737500
|
{
"answer": "26737500",
"decimal": 26737500,
"type": "float"
}
| |
performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2007 through october 28 , 2012 .this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period .the comparison assumes $ 100 was invested on october 28 , 2007 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any .dollar amounts in the graph are rounded to the nearest whole dollar .the performance shown in the graph represents past performance and should not be considered an indication of future performance .comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index * $ 100 invested on 10/28/07 in stock or 10/31/07 in index , including reinvestment of dividends .indexes calculated on month-end basis .copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .all rights reserved. .
[['', '10/28/2007', '10/26/2008', '10/25/2009', '10/31/2010', '10/30/2011', '10/28/2012'], ['applied materials', '100.00', '61.22', '71.06', '69.23', '72.37', '62.92'], ['s&p 500 index', '100.00', '63.90', '70.17', '81.76', '88.37', '101.81'], ['rdg semiconductor composite index', '100.00', '54.74', '68.59', '84.46', '91.33', '82.37']]
dividends during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.09 per share each and one quarterly cash dividend in the amount of $ 0.08 per share .during fiscal 2011 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.08 per share each and one quarterly cash dividend in the amount of $ 0.07 per share .during fiscal 2010 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.07 per share each and one quarterly cash dividend in the amount of $ 0.06 .dividends declared during fiscal 2012 , 2011 and 2010 amounted to $ 438 million , $ 408 million and $ 361 million , respectively .applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders .10/28/07 10/26/08 10/25/09 10/31/10 10/30/11 10/28/12 applied materials , inc .s&p 500 rdg semiconductor composite .
|
what is the roi of s&p500 if the investment takes place in october 2007 and it is sold in october 2010?
|
18.24%
|
{
"answer": "18.24%",
"decimal": 0.18239999999999998,
"type": "percentage"
}
| |
while we have remediated the previously-identified material weakness in our internal control over financial reporting , we may identify other material weaknesses in the future .in november 2017 , we restated our consolidated financial statements for the quarters ended april 1 , 2017 and july 1 , 2017 in order to correctly classify cash receipts from the payments on sold receivables ( which are cash receipts on the underlying trade receivables that have already been securitized ) to cash provided by investing activities ( from cash provided by operating activities ) within our condensed consolidated statements of cash flows .in connection with these restatements , management identified a material weakness in our internal control over financial reporting related to the misapplication of accounting standards update 2016-15 .specifically , we did not maintain effective controls over the adoption of new accounting standards , including communication with the appropriate individuals in coming to our conclusions on the application of new accounting standards .as a result of this material weakness , our management concluded that we did not maintain effective internal control over financial reporting as of april 1 , 2017 and july 1 , 2017 .while we have remediated the material weakness and our management has determined that our disclosure controls and procedures were effective as of december 30 , 2017 , there can be no assurance that our controls will remain adequate .the effectiveness of our internal control over financial reporting is subject to various inherent limitations , including judgments used in decision-making , the nature and complexity of the transactions we undertake , assumptions about the likelihood of future events , the soundness of our systems , cost limitations , and other limitations .if other material weaknesses or significant deficiencies in our internal control are discovered or occur in the future or we otherwise must restate our financial statements , it could materially and adversely affect our business and results of operations or financial condition , restrict our ability to access the capital markets , require us to expend significant resources to correct the weaknesses or deficiencies , subject us to fines , penalties , investigations or judgments , harm our reputation , or otherwise cause a decline in investor confidence .item 1b .unresolved staff comments .item 2 .properties .our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .our co-headquarters are leased and house certain executive offices , our u.s .business units , and our administrative , finance , legal , and human resource functions .we maintain additional owned and leased offices throughout the regions in which we operate .we manufacture our products in our network of manufacturing and processing facilities located throughout the world .as of december 30 , 2017 , we operated 83 manufacturing and processing facilities .we own 80 and lease three of these facilities .our manufacturing and processing facilities count by segment as of december 30 , 2017 was: .
[['', 'owned', 'leased'], ['united states', '41', '1'], ['canada', '2', '2014'], ['europe', '11', '2014'], ['rest of world', '26', '2']]
we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs .we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products .item 3 .legal proceedings .we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business .while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations .item 4 .mine safety disclosures .not applicable. .
|
what percent of owned facilities are in the us?
|
51.25%
|
{
"answer": "51.25%",
"decimal": 0.5125,
"type": "percentage"
}
| |
hologic , inc .notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) restructuring accrual as a result of the cytyc merger , the company assumed previous cytyc management approved restructuring plans designed to reduce future operating expenses by consolidating its mountain view , california operations into its existing operations in costa rica and massachusetts as well as restructuring plans relating to cytyc 2019s historical acquisitions completed in march 2007 .in connection with these plans , the company assumed a total liability of approximately $ 4658 .during the twelve months ended september 27 , 2008 , the company did not incur any additional restructuring costs related to retention costs for these employees .as a result of the third wave acquisition , the company assumed previous third wave management approved restructuring plans designed to reduce future operating expenses .in connection with these plans , the company assumed a total liability related to termination benefits of approximately $ 7509 .the company did not incur any additional restructuring costs related to retention costs for these employees from the date of acquisition through september 27 , 2008 .we anticipate that these costs will be paid in full during fiscal 2009 .additionally , the company recorded a liability related to the cytyc merger in accordance with eitf 95-3 as detailed below , primarily related to the termination of certain employees as well as minimum inventory purchase commitments and other contractual obligations for which business activities have been discontinued .during the twelve months ended september 27 , 2008 the company incurred approximately $ 6.4 million of expense related to the resignation of the chairman of the board of directors , which is not included in the table below ( see note 12 ) .changes in the restructuring accrual for the twelve months ended september 27 , 2008 were as follows : twelve months ended september 27 , 2008 termination benefits .
[['other', 'twelve months ended september 27 2008 other', 'twelve months ended september 27 2008'], ['beginning balance', '$ 2014', '$ 105'], ['cytyc balance acquired october 22 2007', '2014', '4658'], ['third wave balance acquired july 24 2008', '261', '7029'], ['provided for under eitf no . 95-3', '1820', '1020'], ['adjustments', '-382 ( 382 )', '-270 ( 270 )'], ['payments', '-817 ( 817 )', '-11233 ( 11233 )'], ['ending balance', '$ 882', '$ 1309']]
as of the dates of acquisition of aeg elektrofotografie gmbh ( 201caeg 201d ) , r2 technology , inc .( 201cr2 201d ) and suros surgical , inc .( 201csuros 201d ) ( see note 3 ) , management of the company implemented and finalized plans to involuntarily terminate certain employees of the acquired companies .these plans resulted in a liability for costs associated with an employee severance arrangement of approximately $ 3135 in accordance with eitf issue no .95-3 , recognition of liabilities in connection with a purchase business combination .as of september 29 , 2007 , all amounts other than $ 105 had been paid .the company had made full payment on this remaining liability as of september 27 , 2008 .advertising costs advertising costs are charged to operations as incurred .the company does not have any direct-response advertising .advertising costs , which include trade shows and conventions , were approximately $ 15281 , $ 6683 and $ 5003 for fiscal 2008 , 2007 and 2006 , respectively , and were included in selling and marketing expense in the consolidated statements of operations. .
|
what is the growth rate in advertising costs from 2006 to 2007?
|
33.6%
|
{
"answer": "33.6%",
"decimal": 0.336,
"type": "percentage"
}
| |
adjusted ebitda increased $ 574 million , or 5% ( 5 % ) , in 2017 primarily from : 2022 an increase in branded postpaid and prepaid service revenues primarily due to strong customer response to our un- carrier initiatives , the ongoing success of our promotional activities , and the continued strength of our metropcs brand ; 2022 higher wholesale revenues ; and 2022 higher other revenues ; partially offset by 2022 higher selling , general and administrative expenses ; 2022 lower gains on disposal of spectrum licenses of $ 600 million ; gains on disposal were $ 235 million for the year ended december 31 , 2017 , compared to $ 835 million in the same period in 2016 ; 2022 higher cost of services expense ; 2022 higher net losses on equipment ; and 2022 the negative impact from hurricanes of approximately $ 201 million , net of insurance recoveries .adjusted ebitda increased $ 2.8 billion , or 36% ( 36 % ) , in 2016 primarily from : 2022 increased branded postpaid and prepaid service revenues primarily due to strong customer response to our un-carrier initiatives and the ongoing success of our promotional activities ; 2022 higher gains on disposal of spectrum licenses of $ 672 million ; gains on disposal were $ 835 million in 2016 compared to $ 163 million in 2015 ; 2022 lower losses on equipment ; and 2022 focused cost control and synergies realized from the metropcs business combination , primarily in cost of services ; partially offset by 2022 higher selling , general and administrative .effective january 1 , 2017 , the imputed discount on eip receivables , which was previously recognized within interest income in our consolidated statements of comprehensive income , is recognized within other revenues in our consolidated statements of comprehensive income .due to this presentation , the imputed discount on eip receivables is included in adjusted ebitda .see note 1 - summary of significant accounting policies of notes to the consolidated financial statements included in part ii , item 8 of this form 10-k for further information .we have applied this change retrospectively and presented the effect on the years ended december 31 , 2016 and 2015 , in the table below. .
[['( in millions )', 'year ended december 31 2016 as filed', 'year ended december 31 2016 change in accounting principle', 'year ended december 31 2016 as adjusted', 'year ended december 31 2016 as filed', 'year ended december 31 2016 change in accounting principle', 'as adjusted'], ['operating income', '$ 3802', '$ 248', '$ 4050', '$ 2065', '$ 414', '$ 2479'], ['interest income', '261', '-248 ( 248 )', '13', '420', '-414 ( 414 )', '6'], ['net income', '1460', '2014', '1460', '733', '2014', '733'], ['net income as a percentage of service revenue', '5% ( 5 % )', '2014% ( 2014 % )', '5% ( 5 % )', '3% ( 3 % )', '2014% ( 2014 % )', '3% ( 3 % )'], ['adjusted ebitda', '$ 10391', '$ 248', '$ 10639', '$ 7393', '$ 414', '$ 7807'], ['adjusted ebitda margin ( adjusted ebitda divided by service revenues )', '37% ( 37 % )', '1% ( 1 % )', '38% ( 38 % )', '30% ( 30 % )', '1% ( 1 % )', '31% ( 31 % )']]
adjusted ebitda margin ( adjusted ebitda divided by service revenues ) 37% ( 37 % ) 1% ( 1 % ) 38% ( 38 % ) 30% ( 30 % ) 1% ( 1 % ) 31% ( 31 % ) liquidity and capital resources our principal sources of liquidity are our cash and cash equivalents and cash generated from operations , proceeds from issuance of long-term debt and common stock , capital leases , the sale of certain receivables , financing arrangements of vendor payables which effectively extend payment terms and secured and unsecured revolving credit facilities with dt. .
|
how much service revenue was generated in 2016?
|
29200
|
{
"answer": "29200",
"decimal": 29200,
"type": "float"
}
| |
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2017 .the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2012 , and that dividends were reinvested when paid. .
[['', '12/31/2012', '12/31/2013', '12/31/2014', '12/31/2015', '12/31/2016', '12/31/2017'], ['hum', '$ 100', '$ 152', '$ 214', '$ 267', '$ 307', '$ 377'], ['s&p 500', '$ 100', '$ 132', '$ 150', '$ 153', '$ 171', '$ 208'], ['peer group', '$ 100', '$ 137', '$ 175', '$ 186', '$ 188', '$ 238']]
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
|
what was the percent of the growth in the stock total return performance for hum from 2013 to 2014
|
41%
|
{
"answer": "41%",
"decimal": 0.41,
"type": "percentage"
}
|
the stock total return performance for hum increased by 41% from 2013 to 2014
|
the company granted 1020 performance shares .the vesting of these shares is contingent on meeting stated goals over a performance period .beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .the following table summarizes restricted stock and performance shares activity for 2010 : number of shares weighted average grant date fair value .
[['', 'number of shares', 'weighted average grant date fair value'], ['outstanding at december 31 2009', '116677', '$ 280'], ['granted', '134245', '275'], ['vested', '-34630 ( 34630 )', '257'], ['cancelled', '-19830 ( 19830 )', '260'], ['outstanding at december 31 2010', '196462', '283']]
the total fair value of restricted stock that vested during the years ended december 31 , 2010 , 2009 and 2008 , was $ 10.3 million , $ 6.2 million and $ 2.5 million , respectively .eligible employees may acquire shares of cme group 2019s class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq .compensation expense is recognized on the dates of purchase for the discount from the closing price .in 2010 , 2009 and 2008 , a total of 4371 , 4402 and 5600 shares , respectively , of class a common stock were issued to participating employees .these shares are subject to a six-month holding period .annual expense of $ 0.1 million for the purchase discount was recognized in 2010 , 2009 and 2008 , respectively .non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .as a result , 7470 , 11674 and 5509 shares of class a common stock were issued to non-executive directors during 2010 , 2009 and 2008 , respectively .these shares are not subject to any vesting restrictions .expense of $ 2.4 million , $ 2.5 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2010 , 2009 and 2008 , respectively. .
|
considering the weighted average grant date fair value , whats is the difference between how many actual shares vested during the year of 2010 and how many vested based on the average grant fair value?
|
5447
|
{
"answer": "5447",
"decimal": 5447,
"type": "float"
}
|
its the total fair value of restricted stocks that vested in 2010 divided by the average grant fair value and compared with the actual number of vested shares .
|
pre-construction costs , interim dam safety measures and environmental costs and construction costs .the authorized costs were being recovered via a surcharge over a twenty-year period which began in october 2012 .the unrecovered balance of project costs incurred , including cost of capital , net of surcharges totaled $ 85 million and $ 89 million as of december 31 , 2018 and 2017 , respectively .surcharges collected were $ 8 million and $ 7 million for the years ended december 31 , 2018 and 2017 , respectively .pursuant to the general rate case approved in december 2018 , approval was granted to reset the twenty-year amortization period to begin january 1 , 2018 and to establish an annual revenue requirement of $ 8 million to be recovered through base rates .debt expense is amortized over the lives of the respective issues .call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates .purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s utility subsidiary in california during 2002 , and acquisitions in 2007 by the company 2019s utility subsidiary in new jersey .as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization on the consolidated statements of operations through november 2048 .tank painting costs are generally deferred and amortized to operations and maintenance expense on the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service .as a result of the prepayment by american water capital corp. , the company 2019s wholly owned finance subsidiary ( 201cawcc 201d ) , of the 5.62% ( 5.62 % ) series c senior notes due upon maturity on december 21 , 2018 ( the 201cseries c notes 201d ) , 5.62% ( 5.62 % ) series e senior notes due march 29 , 2019 ( the 201cseries e notes 201d ) and 5.77% ( 5.77 % ) series f senior notes due december 21 , 2022 ( the 201cseries f notes , 201d and together with the series e notes , the 201cseries notes 201d ) , a make-whole premium of $ 10 million was paid to the holders of the series notes on september 11 , 2018 .substantially all of these early debt extinguishment costs were allocable to the company 2019s utility subsidiaries and recorded as regulatory assets , as the company believes they are probable of recovery in future rates .other regulatory assets include certain construction costs for treatment facilities , property tax stabilization , employee-related costs , deferred other postretirement benefit expense , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others .these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods .regulatory liabilities regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process .also , if costs expected to be incurred in the future are currently being recovered through rates , the company records those expected future costs as regulatory liabilities .the following table provides the composition of regulatory liabilities as of december 31: .
[['', '2018', '2017'], ['income taxes recovered through rates', '$ 1279', '$ 1242'], ['removal costs recovered through rates', '309', '315'], ['postretirement benefit liability', '209', '33'], ['pension and other postretirement benefit balancing accounts', '46', '48'], ['tcja reserve on revenue', '36', '2014'], ['other', '28', '26'], ['total regulatory liabilities', '$ 1907', '$ 1664']]
.
|
by how much did total regulatory liabilities increase from 2017 to 2018?
|
14.6%
|
{
"answer": "14.6%",
"decimal": 0.146,
"type": "percentage"
}
| |
other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters .the loan has a seven year term and maturity date of december 2019 .the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty .the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above .the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property .as of december 31 , 2017 and 2016 , the outstanding balance on the loan was $ 40.0 million and $ 42.0 million , respectively .the weighted average interest rate on the loan was 2.5% ( 2.5 % ) and 2.0% ( 2.0 % ) for the years ended december 31 , 2017 and 2016 , respectively .the following are the scheduled maturities of long term debt as of december 31 , 2017 : ( in thousands ) .
[['2018', '$ 27000'], ['2019', '63000'], ['2020', '25000'], ['2021', '86250'], ['2022', '2014'], ['2023 and thereafter', '600000'], ['total scheduled maturities of long term debt', '$ 801250'], ['current maturities of long term debt', '$ 27000']]
interest expense , net was $ 34.5 million , $ 26.4 million , and $ 14.6 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.3 million , $ 1.2 million , and $ 0.8 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .7 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2017 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2017 as well as .
|
what was the percentage change in interest expense net from 2015 to 2016?
|
81%
|
{
"answer": "81%",
"decimal": 0.81,
"type": "percentage"
}
| |
17 .leases we lease certain locomotives , freight cars , and other property .the consolidated statements of financial position as of december 31 , 2016 , and 2015 included $ 1997 million , net of $ 1121 million of accumulated depreciation , and $ 2273 million , net of $ 1189 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2016 , were as follows : millions operating leases capital leases .
[['millions', 'operatingleases', 'capitalleases'], ['2017', '$ 461', '$ 221'], ['2018', '390', '193'], ['2019', '348', '179'], ['2020', '285', '187'], ['2021', '245', '158'], ['later years', '1314', '417'], ['total minimum lease payments', '$ 3043', '$ 1355'], ['amount representing interest', 'n/a', '-250 ( 250 )'], ['present value of minimum lease payments', 'n/a', '$ 1105']]
approximately 96% ( 96 % ) of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 535 million in 2016 , $ 590 million in 2015 , and $ 593 million in 2014 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant .18 .commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity .to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated .we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .we use an actuarial analysis to measure the expense and liability , including unasserted claims .the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work .our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments .approximately 94% ( 94 % ) of the recorded liability is related to asserted claims and approximately 6% ( 6 % ) is related to unasserted claims at december 31 , 2016 .because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 290 million to $ 317 million .we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other .estimates can vary over time due to evolving trends in litigation. .
|
in 2016 what was the percent of the future total minimum operating lease payments that was due in 2017
|
15.1%
|
{
"answer": "15.1%",
"decimal": 0.151,
"type": "percentage"
}
| |
mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the company does not make any contributions to its postretirement plan other than funding benefits payments .the following table summarizes expected net benefit payments from the company 2019s general assets through 2018 : benefit payments expected subsidy receipts benefit payments .
[['', 'benefit payments', 'expected subsidy receipts', 'net benefit payments'], ['2009', '$ 2641', '$ 77', '$ 2564'], ['2010', '3139', '91', '3048'], ['2011', '3561', '115', '3446'], ['2012', '3994', '140', '3854'], ['2013', '4357', '169', '4188'], ['2014 2013 2018', '25807', '1269', '24538']]
the company provides limited postemployment benefits to eligible former u.s .employees , primarily severance under a formal severance plan ( the 201cseverance plan 201d ) .the company accounts for severance expense in accordance with sfas no .112 , 201cemployers 2019 accounting for postemployment benefits 201d by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods .the company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions .as a result of updating the assumptions , the company recorded severance expense ( benefit ) related to the severance plan of $ 2643 , $ ( 3418 ) and $ 8400 , respectively , during the years 2008 , 2007 and 2006 .the company has an accrued liability related to the severance plan and other severance obligations in the amount of $ 63863 and $ 56172 at december 31 , 2008 and 2007 , respectively .note 13 .debt on april 28 , 2008 , the company extended its committed unsecured revolving credit facility , dated as of april 28 , 2006 ( the 201ccredit facility 201d ) , for an additional year .the new expiration date of the credit facility is april 26 , 2011 .the available funding under the credit facility will remain at $ 2500000 through april 27 , 2010 and then decrease to $ 2000000 during the final year of the credit facility agreement .other terms and conditions in the credit facility remain unchanged .the company 2019s option to request that each lender under the credit facility extend its commitment was provided pursuant to the original terms of the credit facility agreement .borrowings under the facility are available to provide liquidity in the event of one or more settlement failures by mastercard international customers and , subject to a limit of $ 500000 , for general corporate purposes .a facility fee of 8 basis points on the total commitment , or approximately $ 2030 , is paid annually .interest on borrowings under the credit facility would be charged at the london interbank offered rate ( libor ) plus an applicable margin of 37 basis points or an alternative base rate , and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% ( 50 % ) of commitments .the facility fee and borrowing cost are contingent upon the company 2019s credit rating .the company also agreed to pay upfront fees of $ 1250 and administrative fees of $ 325 for the credit facility which are being amortized straight- line over three years .facility and other fees associated with the credit facility or prior facilities totaled $ 2353 , $ 2477 and $ 2717 for each of the years ended december 31 , 2008 , 2007 and 2006 , respectively .mastercard was in compliance with the covenants of the credit facility and had no borrowings under the credit facility at december 31 , 2008 or december 31 , 2007 .the majority of credit facility lenders are customers or affiliates of customers of mastercard international .in june 1998 , mastercard international issued ten-year unsecured , subordinated notes ( the 201cnotes 201d ) paying a fixed interest rate of 6.67% ( 6.67 % ) per annum .mastercard repaid the entire principal amount of $ 80000 on june 30 .
|
considering the years 2009 and 2010 , what is the difference between the growth of the benefit payments and the expected subsidy receipts?
|
0.67%
|
{
"answer": "0.67%",
"decimal": 0.0067,
"type": "percentage"
}
|
it is the variation between each percentual growth .
|
purchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 .period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) .
[['period ( a )', 'total number of shares purchased', 'average price paid per share', 'total number of shares purchased as part of publicly announced plans or programs ( b )', 'amount available for future share repurchases under the plans or programs ( b ) ( in millions )'], ['september 29 2014 2013 october 26 2014', '399259', '$ 176.96', '397911', '$ 3825'], ['october 27 2014 2013 november 30 2014', '504300', '$ 187.74', '456904', '$ 3739'], ['december 1 2014 2013 december 31 2014', '365683', '$ 190.81', '357413', '$ 3671'], ['total', '1269242 ( c )', '$ 185.23', '1212228', '$ 3671']]
total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 .as a result , our fiscal months often differ from the calendar months .for example , september 29 , 2014 was the first day of our october 2014 fiscal month .( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices .on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program .under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation .we also may make purchases under the program pursuant to rule 10b5-1 plans .the program does not have an expiration date .( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units .these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. .
|
what is the growth rate in the average price of the purchased shares from october to december 2014?
|
7.8%
|
{
"answer": "7.8%",
"decimal": 0.078,
"type": "percentage"
}
| |
( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .we operate in two business segments : rental and management and network development services .for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states ...........19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .mexico ................2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .brazil .................1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .india ..................200 initial-phase coverage ( operations established in the second half of 2007 ) .we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .paging and fixed microwave .our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .for the year ended december 31 .
[['country', 'number of owned sites ( approx )', 'coverage area'], ['united states', '19400', 'coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .'], ['mexico', '2500', 'coverage primarily concentrated in highly populated areas including mexico city monterrey guadalajara and acapulco .'], ['brazil', '1100', 'coverage primarily concentrated in major metropolitan areas in central and southern brazil including sao paulo rio de janeiro brasilia and curitiba .'], ['india', '200', 'initial-phase coverage ( operations established in the second half of 2007 ) .']]
( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .we operate in two business segments : rental and management and network development services .for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states ...........19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .mexico ................2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .brazil .................1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .india ..................200 initial-phase coverage ( operations established in the second half of 2007 ) .we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .paging and fixed microwave .our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .for the year ended december 31 .
|
what portion of total owned sites is located in united states?
|
83.6%
|
{
"answer": "83.6%",
"decimal": 0.836,
"type": "percentage"
}
| |
at december 31 , 2009 , aon had domestic federal operating loss carryforwards of $ 7 million that will expire at various dates from 2010 to 2024 , state operating loss carryforwards of $ 513 million that will expire at various dates from 2010 to 2028 , and foreign operating and capital loss carryforwards of $ 453 million and $ 252 million , respectively , nearly all of which are subject to indefinite carryforward .unrecognized tax benefits the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : .
[['', '2009', '2008'], ['balance at january 1', '$ 86', '$ 70'], ['additions based on tax positions related to the current year', '2', '5'], ['additions for tax positions of prior years', '5', '12'], ['reductions for tax positions of prior years', '-11 ( 11 )', '-11 ( 11 )'], ['settlements', '-10 ( 10 )', '-4 ( 4 )'], ['lapse of statute of limitations', '-3 ( 3 )', '-1 ( 1 )'], ['acquisitions', '6', '21'], ['foreign currency translation', '2', '-6 ( 6 )'], ['balance at december 31', '$ 77', '$ 86']]
as of december 31 , 2009 , $ 61 million of unrecognized tax benefits would impact the effective tax rate if recognized .aon does not expect the unrecognized tax positions to change significantly over the next twelve months .the company recognizes penalties and interest related to unrecognized income tax benefits in its provision for income taxes .aon accrued potential penalties of less than $ 1 million during each of 2009 , 2008 and 2007 .aon accrued interest of $ 2 million during 2009 and less than $ 1 million during both 2008 and 2007 .as of december 31 , 2009 and 2008 , aon has recorded a liability for penalties of $ 5 million and $ 4 million , respectively , and for interest of $ 18 million and $ 14 million , respectively .aon and its subsidiaries file income tax returns in the u.s .federal jurisdiction as well as various state and international jurisdictions .aon has substantially concluded all u.s .federal income tax matters for years through 2006 .material u.s .state and local income tax jurisdiction examinations have been concluded for years through 2002 .aon has concluded income tax examinations in its primary international jurisdictions through 2002. .
|
considering the years 2008 and 2009 , what is the increase observed in the liability for interest?
|
28.57%
|
{
"answer": "28.57%",
"decimal": 0.2857,
"type": "percentage"
}
|
it is the value of 2009 divide by the 2008's , then transformed into a percentage .
|
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2012 , 2011 , and 2010 ( 1 ) a u.s .subsidiary of the company has a defined benefit obligation of $ 764 million and $ 679 million as of december 31 , 2012 and 2011 , respectively , and uses salary bands to determine future benefit costs rather than rates of compensation increases .rates of compensation increases in the table above do not include amounts related to this specific defined benefit plan .( 2 ) includes an inflation factor that is used to calculate future periodic benefit cost , but is not used to calculate the benefit obligation .the company establishes its estimated long-term return on plan assets considering various factors , which include the targeted asset allocation percentages , historic returns and expected future returns .the measurement of pension obligations , costs and liabilities is dependent on a variety of assumptions .these assumptions include estimates of the present value of projected future pension payments to all plan participants , taking into consideration the likelihood of potential future events such as salary increases and demographic experience .these assumptions may have an effect on the amount and timing of future contributions .the assumptions used in developing the required estimates include the following key factors : 2022 discount rates ; 2022 salary growth ; 2022 retirement rates ; 2022 inflation ; 2022 expected return on plan assets ; and 2022 mortality rates .the effects of actual results differing from the company 2019s assumptions are accumulated and amortized over future periods and , therefore , generally affect the company 2019s recognized expense in such future periods .sensitivity of the company 2019s pension funded status to the indicated increase or decrease in the discount rate and long-term rate of return on plan assets assumptions is shown below .note that these sensitivities may be asymmetric and are specific to the base conditions at year-end 2012 .they also may not be additive , so the impact of changing multiple factors simultaneously cannot be calculated by combining the individual sensitivities shown .the funded status as of december 31 , 2012 is affected by the assumptions as of that date .pension expense for 2012 is affected by the december 31 , 2011 assumptions .the impact on pension expense from a one percentage point change in these assumptions is shown in the table below ( in millions ) : .
[['increase of 1% ( 1 % ) in the discount rate', '$ -48 ( 48 )'], ['decrease of 1% ( 1 % ) in the discount rate', '38'], ['increase of 1% ( 1 % ) in the long-term rate of return on plan assets', '-47 ( 47 )'], ['decrease of 1% ( 1 % ) in the long-term rate of return on plan assets', '47']]
.
|
what was the net reduction in defined benefit obligations between december 31 , 2012 and 2011 , in millions?
|
85
|
{
"answer": "85",
"decimal": 85,
"type": "float"
}
| |
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 the maximum tier 2 capital?
|
13632
|
{
"answer": "13632",
"decimal": 13632,
"type": "float"
}
| |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. .
[['', '12/9/2013', '12/31/2013', '12/31/2014'], ['american airlines group inc .', '$ 100', '$ 103', '$ 219'], ['amex airline index', '100', '102', '152'], ['s&p 500', '100', '102', '114']]
.
|
by how much did american airlines group inc . outperform the amex airline index over the 3 year period?
|
67%
|
{
"answer": "67%",
"decimal": 0.67,
"type": "percentage"
}
| |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. .
[['', '12/9/2013', '12/31/2013', '12/31/2014'], ['american airlines group inc .', '$ 100', '$ 103', '$ 219'], ['amex airline index', '100', '102', '152'], ['s&p 500', '100', '102', '114']]
.
|
what was the 3 year return of american airlines group inc.?
|
119%
|
{
"answer": "119%",
"decimal": 1.19,
"type": "percentage"
}
| |
intangible assets are amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use .the remaining amortization expense will be recognized over a weighted-average period of approximately 0.9 years .amortization expense from continuing operations , related to intangibles was $ 7.4 million , $ 9.3 million and $ 9.2 million in fiscal 2009 , 2008 and 2007 , respectively .the company expects annual amortization expense for these intangible assets to be: .
[['fiscal years', 'amortization expense'], ['2010', '$ 5425'], ['2011', '$ 1430']]
g .grant accounting certain of the company 2019s foreign subsidiaries have received various grants from governmental agencies .these grants include capital , employment and research and development grants .capital grants for the acquisition of property and equipment are netted against the related capital expenditures and amortized as a credit to depreciation expense over the useful life of the related asset .employment grants , which relate to employee hiring and training , and research and development grants are recognized in earnings in the period in which the related expenditures are incurred by the company .h .translation of foreign currencies the functional currency for the company 2019s foreign sales and research and development operations is the applicable local currency .gains and losses resulting from translation of these foreign currencies into u.s .dollars are recorded in accumulated other comprehensive ( loss ) income .transaction gains and losses and remeasurement of foreign currency denominated assets and liabilities are included in income currently , including those at the company 2019s principal foreign manufacturing operations where the functional currency is the u.s .dollar .foreign currency transaction gains or losses included in other expenses , net , were not material in fiscal 2009 , 2008 or 2007 .i .derivative instruments and hedging agreements foreign exchange exposure management 2014 the company enters into forward foreign currency exchange contracts to offset certain operational and balance sheet exposures from the impact of changes in foreign currency exchange rates .such exposures result from the portion of the company 2019s operations , assets and liabilities that are denominated in currencies other than the u.s .dollar , primarily the euro ; other exposures include the philippine peso and the british pound .these foreign currency exchange contracts are entered into to support transactions made in the normal course of business , and accordingly , are not speculative in nature .the contracts are for periods consistent with the terms of the underlying transactions , generally one year or less .hedges related to anticipated transactions are designated and documented at the inception of the respective hedges as cash flow hedges and are evaluated for effectiveness monthly .derivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified .as the terms of the contract and the underlying transaction are matched at inception , forward contract effectiveness is calculated by comparing the change in fair value of the contract to the change in the forward value of the anticipated transaction , with the effective portion of the gain or loss on the derivative instrument reported as a component of accumulated other comprehensive ( loss ) income ( oci ) in shareholders 2019 equity and reclassified into earnings in the same period during which the hedged transaction affects earnings .any residual change in fair value of the instruments , or ineffectiveness , is recognized immediately in other income/expense .additionally , the company enters into forward foreign currency contracts that economically hedge the gains and losses generated by the remeasurement of certain recorded assets and liabilities in a non-functional currency .changes in the fair value of these undesignated hedges are recognized in other income/expense immediately as an offset to the changes in the fair value of the asset or liability being hedged .analog devices , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what is the growth rate in amortization expense in 2009?
|
-20.4%
|
{
"answer": "-20.4%",
"decimal": -0.204,
"type": "percentage"
}
| |
entergy corporation and subsidiaries management's financial discussion and analysis the retail electric price variance resulted from rate increases primarily at entergy louisiana effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing purchased power capacity costs .the formula rate plan filing is discussed in note 2 to the financial statements .the volume/weather variance resulted primarily from increased electricity usage in the residential and commercial sectors , including increased usage during the unbilled sales period .billed retail electricity usage increased by a total of 1591 gwh , an increase of 1.6% ( 1.6 % ) .see "critical accounting estimates" herein and note 1 to the financial statements for a discussion of the accounting for unbilled revenues .the fuel recovery variance is primarily due to the inclusion of grand gulf costs in entergy new orleans' fuel recoveries effective july 1 , 2006 .in june 2006 , the city council approved the recovery of grand gulf costs through the fuel adjustment clause , without a corresponding change in base rates ( a significant portion of grand gulf costs was previously recovered through base rates ) .the increase is also due to purchased power costs deferred at entergy louisiana and entergy new orleans as a result of the re-pricing , retroactive to 2003 , of purchased power agreements among entergy system companies as directed by the ferc .the transmission revenue variance is due to higher rates and the addition of new transmission customers in late-2006 .the purchased power capacity variance is due to higher capacity charges and new purchased power contracts that began in mid-2006 .a portion of the variance is due to the amortization of deferred capacity costs and is offset in base revenues due to base rate increases implemented to recover incremental deferred and ongoing purchased power capacity charges at entergy louisiana , as discussed above .the net wholesale revenue variance is due primarily to 1 ) more energy available for resale at entergy new orleans in 2006 due to the decrease in retail usage caused by customer losses following hurricane katrina and 2 ) the inclusion in 2006 revenue of sales into the wholesale market of entergy new orleans' share of the output of grand gulf , pursuant to city council approval of measures proposed by entergy new orleans to address the reduction in entergy new orleans' retail customer usage caused by hurricane katrina and to provide revenue support for the costs of entergy new orleans' share of grand gulf .the net wholesale revenue variance is partially offset by the effect of 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 .non-utility nuclear following is an analysis of the change in net revenue comparing 2007 to 2006 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2006 net revenue', '$ 1388'], ['realized price changes', '264'], ['palisades acquisition', '209'], ['volume variance ( other than palisades )', '-56 ( 56 )'], ['other', '34'], ['2007 net revenue', '$ 1839']]
as shown in the table above , net revenue increased for non-utility nuclear by $ 451 million , or 33% ( 33 % ) , for 2007 compared to 2006 primarily due to higher pricing in its contracts to sell power and additional production available resulting from the acquisition of the palisades plant in april 2007 .included in the palisades net revenue is $ 50 million of amortization of the palisades purchased power agreement in 2007 , which is non-cash revenue and is discussed in note 15 to the financial statements .the increase was partially offset by the effect on revenues of four .
|
what percent of 2007 net revenue did the amortization of purchase power account for?
|
2.72%
|
{
"answer": "2.72%",
"decimal": 0.027200000000000002,
"type": "percentage"
}
| |
note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period .diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans .the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: .
[['in millions', '2018', '2017', '2016'], ['weighted-average number of basic shares', '95.0', '95.1', '95.8'], ['shares issuable under incentive stock plans', '0.7', '0.9', '1.1'], ['weighted-average number of diluted shares', '95.7', '96.0', '96.9']]
at december 31 , 2018 , 0.1 million stock options were excluded from the computation of weighted-average diluted shares outstanding because the effect of including these shares would have been anti-dilutive .note 19 2013 net revenues net revenues are recognized based on the satisfaction of performance obligations under the terms of a contract .a performance obligation is a promise in a contract to transfer control of a distinct product or to provide a service , or a bundle of products or services , to a customer , and is the unit of account under asc 606 .the company has two principal revenue streams , tangible product sales and services .approximately 99% ( 99 % ) of consolidated net revenues involve contracts with a single performance obligation , which is the transfer of control of a product or bundle of products to a customer .transfer of control typically occurs when goods are shipped from the company's facilities or at other predetermined control transfer points ( for instance , destination terms ) .net revenues are measured as the amount of consideration expected to be received in exchange for transferring control of the products and takes into account variable consideration , such as sales incentive programs including discounts and volume rebates .the existence of these programs does not preclude revenue recognition but does require the company's best estimate of the variable consideration to be made based on expected activity , as these items are reserved for as a deduction to net revenues over time based on the company's historical rates of providing these incentives and annual forecasted sales volumes .the company also offers a standard warranty with most product sales and the value of such warranty is included in the contractual price .the corresponding cost of the warranty obligation is accrued as a liability ( see note 20 ) .the company's remaining net revenues involve services , including installation and consulting .unlike the single performance obligation to ship a product or bundle of products , the service revenue stream delays revenue recognition until the service performance obligations are satisfied .in some instances , customer acceptance provisions are included in sales arrangements to give the buyer the ability to ensure the service meets the criteria established in the order .in these instances , revenue recognition is deferred until the performance obligations are satisfied , which could include acceptance terms specified in the arrangement being fulfilled through customer acceptance or a demonstration that established criteria have been satisfied .during the year ended december 31 , 2018 , no adjustments related to performance obligations satisfied in previous periods were recorded .upon adoption of asc 606 , the company used the practical expedients to omit the disclosure of remaining performance obligations for contracts with an original expected duration of one year or less and for contracts where the company has the right to invoice for performance completed to date .the transaction price is not adjusted for the effects of a significant financing component , as the time period between control transfer of goods and services is less than one year .sales , value-added and other similar taxes collected by the company are excluded from net revenues .the company has also elected to account for shipping and handling activities that occur after control of the related goods transfers as fulfillment activities instead of performance obligations .these activities are included in cost of goods sold in the consolidated statements of comprehensive income .the company 2019s payment terms are generally consistent with the industries in which their businesses operate .the following table shows the company's net revenues for the years ended december 31 , based on the two principal revenue streams , tangible product sales and services , disaggregated by business segment .net revenues are shown by tangible product sales and services , as contract terms , conditions and economic factors affecting the nature , amount , timing and uncertainty around revenue recognition and cash flows are substantially similar within each of the two principal revenue streams: .
|
considering the years 2016-2018 , what is the average value of diluted earnings per share issuable under incentive stock plans?
|
0.9
|
{
"answer": "0.9",
"decimal": 0.9,
"type": "float"
}
|
it is the sum of all diluted earnings per shares issuable under incentive stock plans in these three years , then divided by three .
|
assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .12 .accounts payable and other current liabilities dec .31 , dec .31 , millions 2010 2009 .
[['millions', 'dec . 31 2010', 'dec . 31 2009'], ['accounts payable', '$ 677', '$ 612'], ['dividends and interest', '383', '347'], ['accrued wages and vacation', '357', '339'], ['income and other taxes', '337', '224'], ['accrued casualty costs', '325', '379'], ['equipment rents payable', '86', '89'], ['other', '548', '480'], ['total accounts payable and other currentliabilities', '$ 2713', '$ 2470']]
13 .financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices .we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes .derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period .we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings .we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements .market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item .we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements .at december 31 , 2010 and 2009 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities .determination of fair value 2013 we determine the fair values of our derivative financial instrument positions based upon current fair values as quoted by recognized dealers or the present value of expected future cash flows .interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period .we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings .we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix .in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities .swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates .we account for swaps as fair value hedges using the short-cut method ; therefore , we do not record any ineffectiveness within our consolidated financial statements. .
|
in 2010 what was the percent of the total accounts payable and other current liabilities applicable
|
25%
|
{
"answer": "25%",
"decimal": 0.25,
"type": "percentage"
}
| |
divestiture of the information systems & global solutions business on august 16 , 2016 , we completed the previously announced divestiture of the is&gs business , which merged with a subsidiary of leidos , in a reverse morris trust transaction ( the 201ctransaction 201d ) .the transaction was completed in a multi- step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock of abacus was distributed to participating lockheed martin stockholders through an exchange offer .under the terms of the exchange offer , lockheed martin stockholders had the option to exchange shares of lockheed martin common stock for shares of abacus common stock .at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange .the shares of lockheed martin common stock that were exchanged and accepted were retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) .following the exchange offer , abacus merged with a subsidiary of leidos , with abacus continuing as the surviving corporation and a wholly-owned subsidiary of leidos .as part of the merger , each share of abacus common stock was automatically converted into one share of leidos common stock .we did not receive any shares of leidos common stock as part of the transaction and do not hold any shares of leidos or abacus common stock following the transaction .based on an opinion of outside tax counsel , subject to customary qualifications and based on factual representations , the exchange offer and merger will qualify as tax-free transactions to lockheed martin and its stockholders , except to the extent that cash was paid to lockheed martin stockholders in lieu of fractional shares .in connection with the transaction , abacus borrowed an aggregate principal amount of approximately $ 1.84 billion under term loan facilities with third party financial institutions , the proceeds of which were used to make a one-time special cash payment of $ 1.80 billion to lockheed martin and to pay associated borrowing fees and expenses .the entire special cash payment was used to repay debt , pay dividends and repurchase stock during the third and fourth quarters of 2016 .the obligations under the abacus term loan facilities were guaranteed by leidos as part of the transaction .as a result of the transaction , we recognized a net gain of approximately $ 1.2 billion .the net gain represents the $ 2.5 billion fair value of the shares of lockheed martin common stock exchanged and retired as part of the exchange offer , plus the $ 1.8 billion one-time special cash payment , less the net book value of the is&gs business of about $ 3.0 billion at august 16 , 2016 and other adjustments of about $ 100 million .the final gain is subject to certain post-closing adjustments , including final working capital , indemnification , and tax adjustments , which we expect to complete in 2017 .we classified the operating results of our is&gs business as discontinued operations in our consolidated financial statements in accordance with u.s .gaap , as the divestiture of this business represented a strategic shift that had a major effect on our operations and financial results .however , the cash flows generated by the is&gs business have not been reclassified in our consolidated statements of cash flows as we retained this cash as part of the transaction .the carrying amounts of major classes of the is&gs business assets and liabilities that were classified as assets and liabilities of discontinued operations as of december 31 , 2015 are as follows ( in millions ) : .
[['receivables net', '$ 807'], ['inventories net', '143'], ['other current assets', '19'], ['property plant and equipment net', '101'], ['goodwill', '2881'], ['intangible assets', '125'], ['other noncurrent assets', '54'], ['total assets of the disposal group', '$ 4130'], ['accounts payable', '$ -229 ( 229 )'], ['customer advances and amounts in excess of costs incurred', '-285 ( 285 )'], ['salaries benefits and payroll taxes', '-209 ( 209 )'], ['other current liabilities', '-225 ( 225 )'], ['deferred income taxes', '-145 ( 145 )'], ['other noncurrent liabilities', '-60 ( 60 )'], ['total liabilities of the disposal group', '$ -1153 ( 1153 )']]
.
|
what percentage of the total assets of the disposal group were attributable to goodwill?
|
70%
|
{
"answer": "70%",
"decimal": 0.7,
"type": "percentage"
}
| |
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : .
[['', '2013', '2012', '2011'], ['net sales', '$ 8367', '$ 8846', '$ 9381'], ['operating profit', '759', '808', '874'], ['operating margins', '9.1% ( 9.1 % )', '9.1% ( 9.1 % )', '9.3% ( 9.3 % )'], ['backlog at year-end', '8300', '8700', '9300']]
2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
|
as part of the overall total decline in net sales what was the percent of the offsetting increase to the overall decrease in the sale
|
41.7%
|
{
"answer": "41.7%",
"decimal": 0.41700000000000004,
"type": "percentage"
}
| |
appropriate statistical bases .total expense for repairs and maintenance incurred was $ 2.5 billion for 2015 , $ 2.4 billion for 2014 , and $ 2.3 billion for 2013 .assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .13 .accounts payable and other current liabilities dec .31 , dec .31 , millions 2015 2014 .
[['millions', 'dec . 31 2015', 'dec . 31 2014'], ['accounts payable', '$ 743', '$ 877'], ['income and other taxes payable', '434', '412'], ['accrued wages and vacation', '391', '409'], ['interest payable', '208', '178'], ['accrued casualty costs', '181', '249'], ['equipment rents payable', '105', '100'], ['dividends payable [a]', '-', '438'], ['other', '550', '640'], ['total accounts payable and other current liabilities', '$ 2612', '$ 3303']]
[a] beginning in 2015 , the timing of the dividend declaration and payable dates was aligned to occur within the same quarter .the 2015 dividends paid amount includes the fourth quarter 2014 dividend of $ 438 million , which was paid on january 2 , 2015 , the first quarter 2015 dividend of $ 484 million , which was paid on march 30 , 2015 , the second quarter 2015 dividend of $ 479 million , which was paid on june 30 , 2015 , the third quarter 2015 dividend of $ 476 million , which was paid on september 30 , 2015 , as well as the fourth quarter 2015 dividend of $ 467 million , which was paid on december 30 , 2015 .14 .financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices .we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes .derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period .we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings .we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements .market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item .we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements .at december 31 , 2015 , and 2014 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities .interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period .we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings .we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix .in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities .swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates .we account for swaps as fair value hedges using the short-cut method ; therefore , we do not record any ineffectiveness within our .
|
what was the percentage of the decline in the total accounts payable and other current liabilities from 2014 to 2015
|
-20.9%
|
{
"answer": "-20.9%",
"decimal": -0.209,
"type": "percentage"
}
| |
recognition of deferred revenue related to sanofi-aventis 2019 $ 85.0 million up-front payment decreased in 2010 compared to 2009 due to the november 2009 amendments to expand and extend the companies 2019 antibody collaboration .in connection with the november 2009 amendment of the discovery agreement , sanofi-aventis is funding up to $ 30 million of agreed-upon costs incurred by us to expand our manufacturing capacity at our rensselaer , new york facilities , of which $ 23.4 million was received or receivable from sanofi-aventis as of december 31 , 2010 .revenue related to these payments for such funding from sanofi-aventis is deferred and recognized as collaboration revenue prospectively over the related performance period in conjunction with the recognition of the original $ 85.0 million up-front payment .as of december 31 , 2010 , $ 79.8 million of the sanofi-aventis payments was deferred and will be recognized as revenue in future periods .in august 2008 , we entered into a separate velocigene ae agreement with sanofi-aventis .in 2010 and 2009 , we recognized $ 1.6 million and $ 2.7 million , respectively , in revenue related to this agreement .bayer healthcare collaboration revenue the collaboration revenue we earned from bayer healthcare , as detailed below , consisted of cost sharing of regeneron vegf trap-eye development expenses , substantive performance milestone payments , and recognition of revenue related to a non-refundable $ 75.0 million up-front payment received in october 2006 and a $ 20.0 million milestone payment received in august 2007 ( which , for the purpose of revenue recognition , was not considered substantive ) .years ended bayer healthcare collaboration revenue december 31 .
[['bayer healthcare collaboration revenue', 'bayer healthcare collaboration revenue', ''], ['( in millions )', '2010', '2009'], ['cost-sharing of regeneron vegf trap-eye development expenses', '$ 45.5', '$ 37.4'], ['substantive performance milestone payments', '20.0', '20.0'], ['recognition of deferred revenue related to up-front and other milestone payments', '9.9', '9.9'], ['total bayer healthcare collaboration revenue', '$ 75.4', '$ 67.3']]
cost-sharing of our vegf trap-eye development expenses with bayer healthcare increased in 2010 compared to 2009 due to higher internal development activities and higher clinical development costs in connection with our phase 3 copernicus trial in crvo .in the fourth quarter of 2010 , we earned two $ 10.0 million substantive milestone payments from bayer healthcare for achieving positive 52-week results in the view 1 study and positive 6-month results in the copernicus study .in july 2009 , we earned a $ 20.0 million substantive performance milestone payment from bayer healthcare in connection with the dosing of the first patient in the copernicus study .in connection with the recognition of deferred revenue related to the $ 75.0 million up-front payment and $ 20.0 million milestone payment received in august 2007 , as of december 31 , 2010 , $ 47.0 million of these payments was deferred and will be recognized as revenue in future periods .technology licensing revenue in connection with our velocimmune ae license agreements with astrazeneca and astellas , each of the $ 20.0 million annual , non-refundable payments were deferred upon receipt and recognized as revenue ratably over approximately the ensuing year of each agreement .in both 2010 and 2009 , we recognized $ 40.0 million of technology licensing revenue related to these agreements .in addition , in connection with the amendment and extension of our license agreement with astellas , in august 2010 , we received a $ 165.0 million up-front payment , which was deferred upon receipt and will be recognized as revenue ratably over a seven-year period beginning in mid-2011 .as of december 31 , 2010 , $ 176.6 million of these technology licensing payments was deferred and will be recognized as revenue in future periods .net product sales in 2010 and 2009 , we recognized as revenue $ 25.3 million and $ 18.4 million , respectively , of arcalyst ae net product sales for which both the right of return no longer existed and rebates could be reasonably estimated .the company had limited historical return experience for arcalyst ae beginning with initial sales in 2008 through the end of 2009 ; therefore , arcalyst ae net product sales were deferred until the right of return no longer existed and rebates could be reasonably estimated .effective in the first quarter of 2010 , the company determined that it had .
|
what was the percentage change of total bayer healthcare collaboration revenue from 2009 to 2010?
|
12%
|
{
"answer": "12%",
"decimal": 0.12,
"type": "percentage"
}
| |
mission systems and training our mst business segment provides ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies .mst 2019s major programs include aegis combat system ( aegis ) , littoral combat ship ( lcs ) , mh-60 , tpq-53 radar system and mk-41 vertical launching system .mst 2019s operating results included the following ( in millions ) : .
[['', '2014', '2013', '2012'], ['net sales', '$ 7147', '$ 7153', '$ 7579'], ['operating profit', '843', '905', '737'], ['operating margins', '11.8% ( 11.8 % )', '12.7% ( 12.7 % )', '9.7% ( 9.7 % )'], ['backlog at year-end', '$ 11700', '$ 10800', '$ 10700']]
2014 compared to 2013 mst 2019s net sales for 2014 were comparable to 2013 .net sales decreased by approximately $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 .the decreases were offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .mst 2019s operating profit for 2014 decreased $ 62 million , or 7% ( 7 % ) , compared to 2013 .the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs .the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 50 million lower for 2014 compared to 2013 .2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 .the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume ( primarily ptds as final surveillance system deliveries occurred during the second quarter of 2012 ) ; about $ 195 million for various integrated warfare systems and sensors programs ( primarily naval systems ) due to lower volume ; approximately $ 65 million for various training and logistics programs due to lower volume ; and about $ 55 million for the aegis program due to lower volume .the decreases were partially offset by higher net sales of about $ 155 million for the lcs program due to increased volume .mst 2019s operating profit for 2013 increased $ 168 million , or 23% ( 23 % ) , compared to 2012 .the increase was primarily attributable to higher operating profit of approximately $ 120 million related to the settlement of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) ; about $ 55 million for integrated warfare systems and sensors programs ( primarily radar and halifax class modernization programs ) due to increased risk retirements ; and approximately $ 30 million for undersea systems programs due to increased risk retirements .the increases were partially offset by lower operating profit of about $ 55 million for training and logistics programs , primarily due to the recording of approximately $ 30 million of charges mostly related to lower-of-cost-or-market considerations ; and about $ 25 million for ship and aviation systems programs ( primarily ptds ) due to lower risk retirements and volume .operating profit related to the lcs program was comparable .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 170 million higher for 2013 compared to 2012 .backlog backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) .backlog increased slightly in 2013 compared to 2012 mainly due to higher orders and lower sales on integrated warfare system and sensors programs ( primarily aegis ) and lower sales on various service programs , partially offset by lower orders on ship and aviation systems ( primarily mh-60 ) . .
|
what is the growth rate in net sales for mst in 2014?
|
-0.1%
|
{
"answer": "-0.1%",
"decimal": -0.001,
"type": "percentage"
}
| |
as of december 31 , 2016 , we had total outstanding indebtedness of $ 18.7 billion , with a current portion of $ 238.8 million .during the year ended december 31 , 2016 , we generated sufficient cash flow from operations to fund our capital expenditures and debt service obligations , as well as our required distributions .we believe the cash generated by operating activities during the year ending december 31 , 2017 will be sufficient to fund our required distributions , capital expenditures , debt service obligations ( interest and principal repayments ) and signed acquisitions .as of december 31 , 2016 , we had $ 423.0 million of cash and cash equivalents held by our foreign subsidiaries , of which $ 183.9 million was held by our joint ventures .while certain subsidiaries may pay us interest or principal on intercompany debt , it has not been our practice to repatriate earnings from our foreign subsidiaries primarily due to our ongoing expansion efforts and related capital needs .however , in the event that we do repatriate any funds , we may be required to accrue and pay taxes .cash flows from operating activities for the year ended december 31 , 2016 , cash provided by operating activities increased $ 520.6 million as compared to the year ended december 31 , 2015 .the primary factors that impacted cash provided by operating activities as compared to the year ended december 31 , 2015 , include : 2022 an increase in our operating profit of $ 490.8 million ; 2022 an increase of approximately $ 67.1 million in cash paid for interest ; and 2022 a decrease of approximately $ 60.8 million in cash paid for taxes .for the year ended december 31 , 2015 , cash provided by operating activities increased $ 48.5 million as compared to the year ended december 31 , 2014 .the primary factors that impacted cash provided by operating activities as compared to the year ended december 31 , 2014 , include : 2022 an increase in our operating profit of $ 433.3 million ; 2022 an increase of approximately $ 87.8 million in cash paid for taxes , driven primarily by the mipt one-time cash tax charge of $ 93.0 million ; 2022 a decrease in capital contributions , tenant settlements and other prepayments of approximately $ 99.0 million ; 2022 an increase of approximately $ 29.9 million in cash paid for interest ; 2022 a decrease of approximately $ 34.9 million in termination and decommissioning fees ; 2022 a decrease of approximately $ 49.0 million in tenant receipts due to timing ; and 2022 a decrease due to the non-recurrence of a 2014 value added tax refund of approximately $ 60.3 million .cash flows from investing activities our significant investing activities during the year ended december 31 , 2016 are highlighted below : 2022 we spent approximately $ 1.1 billion for the viom acquisition .2022 we spent $ 701.4 million for capital expenditures , as follows ( in millions ) : .
[['discretionary capital projects ( 1 )', '$ 149.7'], ['ground lease purchases', '153.3'], ['capital improvements and corporate expenditures ( 2 )', '126.7'], ['redevelopment', '147.4'], ['start-up capital projects', '124.3'], ['total capital expenditures', '$ 701.4']]
_______________ ( 1 ) includes the construction of 1869 communications sites globally .( 2 ) includes $ 18.9 million of capital lease payments included in repayments of notes payable , credit facilities , term loan , senior notes and capital leases in the cash flow from financing activities in our consolidated statement of cash flows .our significant investing transactions in 2015 included the following : 2022 we spent $ 5.059 billion for the verizon transaction .2022 we spent $ 796.9 million for the acquisition of 5483 communications sites from tim in brazil .2022 we spent $ 1.1 billion for the acquisition of 4716 communications sites from certain of airtel 2019s subsidiaries in nigeria. .
|
what portion of the total capital expenditures is related to start-up capital projects?
|
17.7%
|
{
"answer": "17.7%",
"decimal": 0.177,
"type": "percentage"
}
| |
entergy texas , inc .management's financial discussion and analysis dividends or other distributions on its common stock .currently , all of entergy texas' retained earnings are available for distribution .sources of capital entergy texas' sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt or preferred stock issuances ; and bank financing under new or existing facilities .entergy texas may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common and preferred stock issuances by entergy texas require prior regulatory approval .preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indentures , and other agreements .entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs .entergy gulf states , inc .filed with the ferc an application , on behalf of entergy texas , for authority to issue up to $ 200 million of short-term debt , up to $ 300 million of tax-exempt bonds , and up to $ 1.3 billion of other long- term securities , including common and preferred or preference stock and long-term debt .on november 8 , 2007 , the ferc issued orders granting the requested authority for a two-year period ending november 8 , 2009 .entergy texas' 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 )'], ['( $ 50794 )', '$ 154176', '$ 97277', '$ 136545']]
see note 4 to the financial statements for a description of the money pool .entergy texas has a credit facility in the amount of $ 100 million scheduled to expire in august 2012 .as of december 31 , 2008 , $ 100 million was outstanding on the credit facility .in february 2009 , entergy texas repaid its credit facility with the proceeds from the bond issuance discussed below .on june 2 , 2008 and december 8 , 2008 , under the terms of the debt assumption agreement between entergy texas and entergy gulf states louisiana that is discussed in note 5 to the financial statements , entergy texas paid at maturity $ 148.8 million and $ 160.3 million , respectively , of entergy gulf states louisiana first mortgage bonds , which results in a corresponding decrease in entergy texas' debt assumption liability .in december 2008 , entergy texas borrowed $ 160 million from its parent company , entergy corporation , under a $ 300 million revolving credit facility pursuant to an inter-company credit agreement between entergy corporation and entergy texas .this borrowing would have matured on december 3 , 2013 .entergy texas used these borrowings , together with other available corporate funds , to pay at maturity the portion of the $ 350 million floating rate series of first mortgage bonds due december 2008 that had been assumed by entergy texas , and that bond series is no longer outstanding .in january 2009 , entergy texas repaid its $ 160 million note payable to entergy corporation with the proceeds from the bond issuance discussed below .in january 2009 , entergy texas issued $ 500 million of 7.125% ( 7.125 % ) series mortgage bonds due february 2019 .entergy texas used a portion of the proceeds to repay its $ 160 million note payable to entergy corporation , to repay the $ 100 million outstanding on its credit facility , and to repay short-term borrowings under the entergy system money pool .entergy texas intends to use the remaining proceeds to repay on or prior to maturity approximately $ 70 million of obligations that had been assumed by entergy texas under the debt assumption agreement with entergy gulf states louisiana and for other general corporate purposes. .
|
what is the annual expense for entergy texas incurred from the series mortgage bonds due february 2019 , in millions?
|
35.6
|
{
"answer": "35.6",
"decimal": 35.6,
"type": "float"
}
| |
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2012 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. .
[['', '12/31/2012', '12/31/2013', '12/31/2014', '12/31/2015', '12/31/2016', '12/31/2017'], ['united parcel service inc .', '$ 100.00', '$ 146.54', '$ 159.23', '$ 148.89', '$ 182.70', '$ 195.75'], ['standard & poor 2019s 500 index', '$ 100.00', '$ 132.38', '$ 150.49', '$ 152.55', '$ 170.79', '$ 208.06'], ['dow jones transportation average', '$ 100.00', '$ 141.38', '$ 176.83', '$ 147.19', '$ 179.37', '$ 213.49']]
.
|
what was the percentage cumulative total shareowners return for united parcel service inc . for the five years ended 12/31/2017?
|
95.75%
|
{
"answer": "95.75%",
"decimal": 0.9575,
"type": "percentage"
}
| |
stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2009 and that all dividends were reinvested .market performance .
[['company / index', '2009', '2010', '2011', '2012', '2013', '2014'], ['teleflex incorporated', '100', '102', '119', '142', '190', '235'], ['s&p 500 index', '100', '115', '117', '136', '180', '205'], ['s&p 500 healthcare equipment & supply index', '100', '97', '97', '113', '144', '182']]
s&p 500 healthcare equipment & supply index 100 97 97 113 144 182 .
|
what is the rate of return of an investment in teleflex incorporated from 2010 to 2011?
|
16.7%
|
{
"answer": "16.7%",
"decimal": 0.16699999999999998,
"type": "percentage"
}
| |
host hotels & resorts , inc. , host hotels & resorts , l.p. , and subsidiaries notes to consolidated financial statements 1 .summary of significant accounting policies description of business host hotels & resorts , inc .operates as a self-managed and self-administered real estate investment trust , or reit , with its operations conducted solely through host hotels & resorts , l.p .host hotels & resorts , l.p. , a delaware limited partnership , operates through an umbrella partnership structure , with host hotels & resorts , inc. , a maryland corporation , as its sole general partner .in the notes to the consolidated financial statements , we use the terms 201cwe 201d or 201cour 201d to refer to host hotels & resorts , inc .and host hotels & resorts , l.p .together , unless the context indicates otherwise .we also use the term 201chost inc . 201d to refer specifically to host hotels & resorts , inc .and the term 201chost l.p . 201d to refer specifically to host hotels & resorts , l.p .in cases where it is important to distinguish between host inc .and host l.p .host inc .holds approximately 99% ( 99 % ) of host l.p . 2019s partnership interests , or op units .consolidated portfolio as of december 31 , 2018 , the hotels in our consolidated portfolio are in the following countries: .
[['', 'hotels'], ['united states', '88'], ['brazil', '3'], ['canada', '2'], ['total', '93']]
basis of presentation and principles of consolidation the accompanying consolidated financial statements include the consolidated accounts of host inc. , host l.p .and their subsidiaries and controlled affiliates , including joint ventures and partnerships .we consolidate subsidiaries when we have the ability to control them .for the majority of our hotel and real estate investments , we consider those control rights to be ( i ) approval or amendment of developments plans , ( ii ) financing decisions , ( iii ) approval or amendments of operating budgets , and ( iv ) investment strategy decisions .we also evaluate our subsidiaries to determine if they are variable interest entities ( 201cvies 201d ) .if a subsidiary is a vie , it is subject to the consolidation framework specifically for vies .typically , the entity that has the power to direct the activities that most significantly impact economic performance consolidates the vie .we consider an entity to be a vie if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support .we review our subsidiaries and affiliates at least annually to determine if ( i ) they should be considered vies , and ( ii ) whether we should change our consolidation determination based on changes in the characteristics thereof .three partnerships are considered vie 2019s , as the general partner maintains control over the decisions that most significantly impact the partnerships .the first vie is the operating partnership , host l.p. , which is consolidated by host inc. , of which host inc .is the general partner and holds 99% ( 99 % ) of the limited partner interests .host inc . 2019s sole significant asset is its investment in host l.p .and substantially all of host inc . 2019s assets and liabilities represent assets and liabilities of host l.p .all of host inc . 2019s debt is an obligation of host l.p .and may be settled only with assets of host l.p .the consolidated partnership that owns the houston airport marriott at george bush intercontinental , of which we are the general partner and hold 85% ( 85 % ) of the partnership interests , also is a vie .the total assets of this vie at december 31 , 2018 are $ 48 million and consist primarily of cash and .
|
what percentage of hotel properties are not in the united states?
|
5%
|
{
"answer": "5%",
"decimal": 0.05,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) maturities 2014as of december 31 , 2007 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 .
[['2008', '$ 1817'], ['2009', '1241'], ['2010', '78828'], ['2011', '13714'], ['2012', '1894998'], ['thereafter', '2292895'], ['total cash obligations', '$ 4283493'], ['accreted value of the discount and premium of 3.00% ( 3.00 % ) notes and 7.125% ( 7.125 % ) notes', '1791'], ['balance as of december 31 2007', '$ 4285284']]
4 .acquisitions during the years ended december 31 , 2007 , 2006 and 2005 , the company used cash to acquire a total of ( i ) 293 towers and the assets of a structural analysis firm for approximately $ 44.0 million in cash ( ii ) 84 towers and 6 in-building distributed antenna systems for approximately $ 14.3 million and ( iii ) 30 towers for approximately $ 6.0 million in cash , respectively .the tower asset acquisitions were primarily in mexico and brazil under ongoing agreements .during the year ended december 31 , 2005 , the company also completed its merger with spectrasite , inc .pursuant to which the company acquired approximately 7800 towers and 100 in-building distributed antenna systems .under the terms of the merger agreement , in august 2005 , spectrasite , inc .merged with a wholly- owned subsidiary of the company , and each share of spectrasite , inc .common stock converted into the right to receive 3.575 shares of the company 2019s class a common stock .the company issued approximately 169.5 million shares of its class a common stock and reserved for issuance approximately 9.9 million and 6.8 million of class a common stock pursuant to spectrasite , inc .options and warrants , respectively , assumed in the merger .the final allocation of the $ 3.1 billion purchase price is summarized in the company 2019s annual report on form 10-k for the year ended december 31 , 2006 .the acquisitions consummated by the company during 2007 , 2006 and 2005 , have been accounted for under the purchase method of accounting in accordance with sfas no .141 201cbusiness combinations 201d ( sfas no .141 ) .the purchase prices have been allocated to the net assets acquired and the liabilities assumed based on their estimated fair values at the date of acquisition .the company primarily acquired its tower assets from third parties in one of two types of transactions : the purchase of a business or the purchase of assets .the structure of each transaction affects the way the company allocates purchase price within the consolidated financial statements .in the case of tower assets acquired through the purchase of a business , such as the company 2019s merger with spectrasite , inc. , the company allocates the purchase price to the assets acquired and liabilities assumed at their estimated fair values as of the date of acquisition .the excess of the purchase price paid by the company over the estimated fair value of net assets acquired has been recorded as goodwill .in the case of an asset purchase , the company first allocates the purchase price to property and equipment for the appraised value of the towers and to identifiable intangible assets ( primarily acquired customer base ) .the company then records any remaining purchase price within intangible assets as a 201cnetwork location intangible . 201d .
|
based solely on cash for towers acquisitions , what was the average cost per tower acquired in 2005-2007?
|
200000
|
{
"answer": "200000",
"decimal": 200000,
"type": "float"
}
| |
entergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .
[['', 'amount ( in thousands )'], ['2009', '$ 47760'], ['2010', '48569'], ['2011', '49437'], ['2012', '49959'], ['2013', '50546'], ['years thereafter', '103890'], ['total', '350161'], ['less : amount representing interest', '54857'], ['present value of net minimum lease payments', '$ 295304']]
.
|
what portion of the total lease payments is due in the next 12 months?
|
13.6%
|
{
"answer": "13.6%",
"decimal": 0.136,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements when they are determined uncollectible .such determination includes analysis and consideration of the particular conditions of the account .changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : .
[['', '2012', '2011', '2010'], ['balance as of january 1', '$ 24412', '$ 22505', '$ 28520'], ['current year increases', '8028', '17008', '16219'], ['write-offs net of recoveries and other', '-12034 ( 12034 )', '-15101 ( 15101 )', '-22234 ( 22234 )'], ['balance as of december 31', '$ 20406', '$ 24412', '$ 22505']]
functional currency 2014as a result of changes to the organizational structure of the company 2019s subsidiaries in latin america in 2010 , the company determined that effective january 1 , 2010 , the functional currency of its foreign subsidiary in brazil is the brazilian real .from that point forward , all assets and liabilities held by the subsidiary in brazil are translated into u.s .dollars at the exchange rate in effect at the end of the applicable reporting period .revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity .the change in functional currency from u.s .dollars to brazilian real gave rise to an increase in the net value of certain non-monetary assets and liabilities .the aggregate impact on such assets and liabilities was $ 39.8 million with an offsetting increase in accumulated other comprehensive income during the year ended december 31 , 2010 .as a result of the renegotiation of the company 2019s agreements with grupo iusacell , s.a .de c.v .( 201ciusacell 201d ) , which included , among other changes , converting iusacell 2019s contractual obligations to the company from u.s .dollars to mexican pesos , the company determined that effective april 1 , 2010 , the functional currency of certain of its foreign subsidiaries in mexico is the mexican peso .from that point forward , all assets and liabilities held by those subsidiaries in mexico are translated into u.s .dollars at the exchange rate in effect at the end of the applicable reporting period .revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity .the change in functional currency from u.s .dollars to mexican pesos gave rise to a decrease in the net value of certain non-monetary assets and liabilities .the aggregate impact on such assets and liabilities was $ 33.6 million with an offsetting decrease in accumulated other comprehensive income .the functional currency of the company 2019s other foreign operating subsidiaries is also the respective local currency .all assets and liabilities held by the subsidiaries are translated into u.s .dollars at the exchange rate in effect at the end of the applicable fiscal reporting period .revenues and expenses are translated at the average monthly exchange rates .the cumulative translation effect is included in equity as a component of accumulated other comprehensive income .foreign currency transaction gains and losses are recognized in the consolidated statements of operations and are the result of transactions of a subsidiary being denominated in a currency other than its functional currency .cash and cash equivalents 2014cash and cash equivalents include cash on hand , demand deposits and short-term investments , including money market funds , with remaining maturities of three months or less when acquired , whose cost approximates fair value .restricted cash 2014the company classifies as restricted cash all cash pledged as collateral to secure obligations and all cash whose use is otherwise limited by contractual provisions , including cash on deposit in reserve accounts relating to the commercial mortgage pass-through certificates , series 2007-1 issued in the company 2019s securitization transaction and the secured cellular site revenue notes , series 2010-1 class c , series 2010-2 class c and series 2010-2 class f , assumed by the company as a result of the acquisition of certain legal entities from unison holdings , llc and unison site management ii , l.l.c .( collectively , 201cunison 201d ) . .
|
for 2012 , what was the current allowance as a percent of the beginning balance?
|
32.8%
|
{
"answer": "32.8%",
"decimal": 0.32799999999999996,
"type": "percentage"
}
| |
( 1 ) adjusted other income ( expense ) excludes pension settlement charges of $ 37 million , $ 128 million , and $ 220 million , for the years ended 2018 , 2017 , and 2016 , respectively .( 2 ) adjusted items are generally taxed at the estimated annual effective tax rate , except for the applicable tax impact associated with estimated restructuring plan expenses , legacy litigation , accelerated tradename amortization , impairment charges and non-cash pension settlement charges , which are adjusted at the related jurisdictional rates .in addition , tax expense excludes the tax impacts from the sale of certain assets and liabilities previously classified as held for sale as well as the tax adjustments recorded to finalize the 2017 accounting for the enactment date impact of the tax reform act recorded pursuant torr sab 118 .( 3 ) adjusted net income from discontinued operations excludes the gain on sale of discontinued operations of $ 82 million , $ 779 million , and $ 0 million for the years ended 2018 , 2017 , and 2016 , respectively .adjusted net income from discontinued operations excludes intangible asset amortization of $ 0 million , $ 11rr million , and $ 120 million for the twelve months ended december 31 , 2018 , 2017 , and 2016 , respectively .the effective tax rate was further adjusted for the applicable tax impact associated with the gain on sale and intangible asset amortization , as applicable .free cash flow we use free cash flow , defined as cash flow provided by operations minus capital expenditures , as a non-gaap measure of our core operating performance and cash generating capabilities of our business operations .this supplemental information related to free cash flow represents a measure not in accordance with u.s .gaap and should be viewed in addition to , not instead of , our financial statements .the use of this non-gaap measure does not imply or represent the residual cash flow for discretionary expenditures .a reconciliation of this non-gaap measure to cash flow provided by operations is as follows ( in millions ) : .
[['years ended december 31', '2018', '2017', '2016'], ['cash provided by continuing operating activities', '$ 1686', '$ 669', '$ 1829'], ['capital expenditures used for continuing operations', '-240 ( 240 )', '-183 ( 183 )', '-156 ( 156 )'], ['free cash flow provided by continuing operations', '$ 1446', '$ 486', '$ 1673']]
impact of foreign currency exchange rate fluctuations we conduct business in more than 120 countries and sovereignties and , because of this , foreign currency exchange rate fluctuations have a significant impact on our business .foreign currency exchange rate movements may be significant and may distort true period-to-period comparisons of changes in revenue or pretax income .therefore , to give financial statement users meaningful information about our operations , we have provided an illustration of the impact of foreign currency exchange rate fluctuations on our financial results .the methodology used to calculate this impact isolates the impact of the change in currencies between periods by translating the prior year 2019s revenue , expenses , and net income using the current year 2019s foreign currency exchange rates .translating prior year results at current year foreign currency exchange rates , currency fluctuations had a $ 0.08 favorable impact on net income per diluted share during the year ended december 31 , 2018 .currency fluctuations had a $ 0.12 favorable impact on net income per diluted share during the year ended december 31 , 2017 , when 2016 results were translated at 2017 rates .currency fluctuations had no impact on net income per diluted share during the year ended december 31 , 2016 , when 2015 results were translated at 2016 rates .translating prior year results at current year foreign currency exchange rates , currency fluctuations had a $ 0.09 favorable impact on adjusted net income per diluted share during the year ended december 31 , 2018 .currency fluctuations had a $ 0.08 favorable impact on adjusted net income per diluted share during the year ended december 31 , 2017 , when 2016 results were translated at 2017 rates .currency fluctuations had a $ 0.04 unfavorable impact on adjusted net income per diluted share during the year ended december 31 , 2016 , when 2015 results were translated at 2016 rates .these translations are performed for comparative purposes only and do not impact the accounting policies or practices for amounts included in the financial statements .competition and markets authority the u.k . 2019s competition regulator , the competition and markets authority ( the 201ccma 201d ) , conducted a market investigation into the supply and acquisition of investment consulting and fiduciary management services , including those offered by aon and its competitors in the u.k. , to assess whether any feature or combination of features in the target market prevents , restricts , or distorts competition .the cma issued a final report on december 12 , 2018 .the cma will draft a series of orders that will set out the detailed remedies , expected in first quarter of 2019 , when they will be subject to further public consultation .we do not anticipate the remedies to have a significant impact on the company 2019s consolidated financial position or business .financial conduct authority the fca is conducting a market study to assess how effectively competition is working in the wholesale insurance broker sector in the u.k .in which aon , through its subsidiaries , participates .the fca has indicated that the purpose of a market study is to assess the extent to which the market is working well in the interests of customers and to identify features of the market that may impact competition .depending on the study 2019s findings , the fca may require remedies in order to correct any features found .
|
what is the decrease observed in the adjusted net income from discontinued operations during 2017 and 2018 , in millions?
|
697
|
{
"answer": "697",
"decimal": 697,
"type": "float"
}
|
it is the difference between those values .
|
scheduled maturities of our marketable securities are as follows: .
[['in millions', 'available for sale cost', 'available for sale fair value'], ['under 1 year ( current )', '$ 25.4', '$ 25.4'], ['equity securities', '0.3', '3.5'], ['total', '$ 25.7', '$ 28.9']]
as of may 27 , 2018 , we did not any have cash and cash equivalents pledged as collateral for derivative contracts .as of may 27 , 2018 , $ 0.9 million of certain accounts receivable were pledged as collateral against a foreign uncommitted line of credit .the fair value and carrying amounts of long-term debt , including the current portion , were $ 14169.7 million and $ 14268.8 million , respectively , as of may 27 , 2018 .the fair value of long-term debt was estimated using market quotations and discounted cash flows based on our current incremental borrowing rates for similar types of instruments .long-term debt is a level 2 liability in the fair value hierarchy .risk management activities as a part of our ongoing operations , we are exposed to market risks such as changes in interest and foreign currency exchange rates and commodity and equity prices .to manage these risks , we may enter into various derivative transactions ( e.g. , futures , options , and swaps ) pursuant to our established policies .commodity price risk many commodities we use in the production and distribution of our products are exposed to market price risks .we utilize derivatives to manage price risk for our principal ingredients and energy costs , including grains ( oats , wheat , and corn ) , oils ( principally soybean ) , dairy products , natural gas , and diesel fuel .our primary objective when entering into these derivative contracts is to achieve certainty with regard to the future price of commodities purchased for use in our supply chain .we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps .we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible .we use derivatives to manage our exposure to changes in commodity prices .we do not perform the assessments required to achieve hedge accounting for commodity derivative positions .accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings .although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain .accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings .at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items. .
|
what is the difference between carrying amounts of long-term debt and fair value?
|
99.1
|
{
"answer": "99.1",
"decimal": 99.1,
"type": "float"
}
| |
fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.6 billion as of december 31 , 2012 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statements of financial position as of december 31 , 2012 and 2011 included $ 2467 million , net of $ 966 million of accumulated depreciation , and $ 2458 million , net of $ 915 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2012 , were as follows : millions operating leases capital leases .
[['millions', 'operatingleases', 'capitalleases'], ['2013', '$ 525', '$ 282'], ['2014', '466', '265'], ['2015', '410', '253'], ['2016', '375', '232'], ['2017', '339', '243'], ['later years', '2126', '1166'], ['total minimum leasepayments', '$ 4241', '$ 2441'], ['amount representing interest', 'n/a', '-593 ( 593 )'], ['present value of minimum leasepayments', 'n/a', '$ 1848']]
approximately 94% ( 94 % ) of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 631 million in 2012 , $ 637 million in 2011 , and $ 624 million in 2010 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant .17 .commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .we use an actuarial analysis to measure the expense and liability , including unasserted claims .the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .under fela , damages .
|
what is the total capital lease payments due for locomotives , in millions?
|
2295
|
{
"answer": "2295",
"decimal": 2295,
"type": "float"
}
| |
as of december 31 , 2017 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 .
[['2018', '$ 9127'], ['2019', '8336'], ['2020', '8350'], ['2021', '7741'], ['2022', '7577'], ['thereafter', '9873'], ['total minimum future lease payments', '$ 51004']]
rent expense for all operating leases amounted to $ 9.4 million , $ 8.1 million and $ 5.4 million for the years ended december 31 , 2017 , 2016 and 2015 , 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 , we were deemed the owner of the building ( for accounting purposes only ) during the construction period .upon completion of construction in 2013 , we concluded that we had forms of continued economic involvement in the facility , and therefore did not meet with the provisions for sale-leaseback accounting .we continue to maintain involvement in the property post construction 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 .therefore , the lease is accounted for as a financing obligation and lease payments will be attributed to ( 1 ) a reduction of the principal financing obligation ; ( 2 ) imputed interest expense ; and ( 3 ) land lease expense , representing an imputed cost to lease the underlying land of the building .at the conclusion of the initial lease term , we will de-recognize both the net book values of the asset and the remaining financing obligation .as of december 31 , 2017 and 2016 , 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 $ 39.6 million and $ 41.2 million , respectively .as of december 31 , 2017 , $ 1.9 million and $ 37.7 million were recorded as short-term and long-term financing obligations , respectively .land lease expense under our lease financing obligation amounted to $ 1.3 million for each of the years ended december 31 , 2017 , 2016 and 2015 respectively. .
|
what portion of the future future minimum payments under non-cancelable operating leases is due in the next 12 months?
|
17.9%
|
{
"answer": "17.9%",
"decimal": 0.179,
"type": "percentage"
}
| |
adobe systems incorporated notes to consolidated financial statements ( continued ) foreign currency translation we translate assets and liabilities of foreign subsidiaries , whose functional currency is their local currency , at exchange rates in effect at the balance sheet date .we translate revenue and expenses at the monthly average exchange rates .we include accumulated net translation adjustments in stockholders 2019 equity as a component of accumulated other comprehensive income .property and equipment we record property and equipment at cost less accumulated depreciation and amortization .property and equipment are depreciated using the straight-line method over their estimated useful lives ranging from 1 to 5 years for computers and equipment , 1 to 6 years for furniture and fixtures and up to 35 years for buildings .leasehold improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or useful lives .goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review .we completed our annual impairment test in the second quarter of fiscal 2009 and determined that there was no impairment .goodwill is assigned to one or more reporting segments on the date of acquisition .we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill .to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows .our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors .we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists .we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable .when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows .if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets .we did not recognize any intangible asset impairment charges in fiscal 2009 , 2008 or 2007 .our intangible assets are amortized over their estimated useful lives of 1 to 13 years as shown in the table below .amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed .weighted average useful life ( years ) .
[['', 'weighted average useful life ( years )'], ['purchased technology', '7'], ['localization', '1'], ['trademarks', '7'], ['customer contracts and relationships', '10'], ['other intangibles', '2']]
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate .amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed .to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material .revenue recognition our revenue is derived from the licensing of software products , consulting , hosting services and maintenance and support .primarily , we recognize revenue when persuasive evidence of an arrangement exists , we have delivered the product or performed the service , the fee is fixed or determinable and collection is probable. .
|
what is the yearly amortization rate related to the purchased technology?
|
14.3%
|
{
"answer": "14.3%",
"decimal": 0.14300000000000002,
"type": "percentage"
}
| |
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2015 .equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1424356 $ 33.90 4281952 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 .
[['plan category', 'number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )', 'weighted-average exercise price of outstanding optionswarrants and rights ( 2 )', 'number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )'], ['equity compensation plans approved by security holders', '1424356', '$ 33.90', '4281952'], ['equity compensation plans not approved by security holders ( 3 )', '2014', '2014', '2014'], ['total', '1424356', '$ 33.90', '4281952']]
( 1 ) includes grants made under the huntington ingalls industries , inc .2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .of these shares , 533397 were subject to stock options and 54191 were stock rights granted under the 2011 plan .in addition , this number includes 35553 stock rights , 10279 restricted stock rights , and 790936 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .( 2 ) this is the weighted average exercise price of the 533397 outstanding stock options only .( 3 ) there are no awards made under plans not approved by security holders .item 13 .certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2016 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year .item 14 .principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2016 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .
|
in the "2011 plan" what was the ratio of the stock option stock option stock to the stock rights
|
9.84
|
{
"answer": "9.84",
"decimal": 9.84,
"type": "float"
}
|
in the "2011 plan" the ratio of stock options to stock rights was 9.8 to 1
|
financial data supplement ( unaudited ) 2014 ( continued ) .
[['country', 'at december 31 2011 banks', 'at december 31 2011 governments', 'at december 31 2011 other', 'at december 31 2011 total'], ['united kingdom', '$ 13852', '$ 2', '$ 89585', '$ 103439'], ['cayman islands', '766', '2014', '31169', '31935'], ['france', '23561', '1096', '4196', '28853'], ['japan', '23542', '436', '2821', '26799'], ['germany', '18674', '3485', '1859', '24018'], ['netherlands', '3508', '23', '8826', '12357'], ['luxembourg', '1619', '94', '6137', '7850'], ['brazil', '149', '3398', '2165', '5712'], ['australia', '2008', '557', '1414', '3979'], ['italy', '881', '1463', '539', '2883']]
.
|
how big is south america compared to asia?
|
21%
|
{
"answer": "21%",
"decimal": 0.21,
"type": "percentage"
}
|
brazil - south america , japan - asia
|
advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 .
[['', 'december 282013', 'december 292012'], ['inventories at fifo net', '$ 2424795', '$ 2182419'], ['adjustments to state inventories at lifo', '131762', '126190'], ['inventories at lifo net', '$ 2556557', '$ 2308609']]
inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
|
what is the percentage increase in inventories balance due to the adoption of lifo in 2012?
|
5.8%
|
{
"answer": "5.8%",
"decimal": 0.057999999999999996,
"type": "percentage"
}
| |
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 growth rate for net cash provided by operating activities from 2013 to 2014?
|
12.9%
|
{
"answer": "12.9%",
"decimal": 0.129,
"type": "percentage"
}
| |
stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index .the graph assumes that the value of the investment in our common stock and in each index on december 31 , 2011 ( including reinvestment of dividends ) was $ 100 and tracks it each year thereafter on the last day of our fiscal year through december 31 , 2016 and , for each index , on the last day of the calendar year .comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , and s&p 400 information technology cadence design systems , inc .nasdaq composite s&p 400 information technology 12/31/1612/28/13 1/2/1612/31/11 1/3/1512/29/12 *$ 100 invested on 12/31/11 in stock or index , including reinvestment of dividends .indexes calculated on month-end basis .copyright a9 2017 standard & poor 2019s , a division of s&p global .all rights reserved. .
[['', '12/31/2011', '12/29/2012', '12/28/2013', '1/3/2015', '1/2/2016', '12/31/2016'], ['cadence design systems inc .', '100.00', '129.23', '133.94', '181.06', '200.10', '242.50'], ['nasdaq composite', '100.00', '116.41', '165.47', '188.69', '200.32', '216.54'], ['s&p 400 information technology', '100.00', '118.41', '165.38', '170.50', '178.74', '219.65']]
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
|
what was the percentage cumulative 5-year total stockholder return on cadence design systems inc . common stock for the period ended 12/31/2016?
|
142.50%
|
{
"answer": "142.50%",
"decimal": 1.425,
"type": "percentage"
}
| |
management 2019s discussion and analysis results of reportable business segments net sales segment income ( millions ) 2008 2007 2008 2007 .
[['( millions ) performance coatings', 'net sales 2008 $ 4716', '2007 $ 3811', 'segment income 2008 $ 582', '2007 $ 563'], ['industrial coatings', '3999', '3646', '212', '370'], ['architectural coatings 2013 emea', '2249', '2014', '141', '2014'], ['optical and specialty materials', '1134', '1029', '244', '235'], ['commodity chemicals', '1837', '1539', '340', '243'], ['glass', '1914', '2195', '70', '138']]
performance coatings sales increased $ 905 million or 24% ( 24 % ) in 2008 .sales increased 21% ( 21 % ) due to acquisitions , largely due to the impact of the sigmakalon protective and marine coatings business .sales also grew by 3% ( 3 % ) due to higher selling prices and 2% ( 2 % ) due to the positive impact of foreign currency translation .sales volumes declined 2% ( 2 % ) as reduced volumes in architectural coatings 2013 americas and asia pacific and automotive refinish were not fully offset by improved volumes in the aerospace and protective and marine businesses .volume growth in the aerospace businesses occurred throughout the world , while the volume growth in protective and marine coatings occurred primarily in asia .segment income increased $ 19 million in 2008 .factors increasing segment income were the positive impact of acquisitions , lower overhead costs and the positive impact of foreign currency translation .the benefit of higher selling prices more than offset the negative impact of inflation , including higher raw materials and benefit costs .segment income was reduced by the impact of the lower sales volumes in architectural coatings and automotive refinish , which more than offset the benefit of volume gains in the aerospace and protective and marine coatings businesses .industrial coatings sales increased $ 353 million or 10% ( 10 % ) in 2008 .sales increased 11% ( 11 % ) due to acquisitions , including the impact of the sigmakalon industrial coatings business .sales also grew 3% ( 3 % ) due to the positive impact of foreign currency translation , and 1% ( 1 % ) from higher selling prices .sales volumes declined 5% ( 5 % ) as reduced volumes were experienced in all three businesses , reflecting the substantial declines in global demand .volume declines in the automotive and industrial businesses were primarily in the u.s .and canada .additional volume declines in the european and asian regions were experienced by the industrial coatings business .in packaging coatings , volume declines in europe were only partially offset by gains in asia and north america .segment income declined $ 158 million in 2008 due to the lower volumes and inflation , including higher raw material and freight costs , the impact of which was only partially mitigated by the increased selling prices .segment income also declined due to higher selling and distribution costs , including higher bad debt expense .factors increasing segment income were the earnings of acquired businesses , the positive impact of foreign currency translation and lower manufacturing costs .architectural coatings - emea sales for the year were $ 2249 million .this business was acquired in the sigmakalon acquisition .segment income was $ 141 million , which included amortization expense of $ 63 million related to acquired intangible assets and depreciation expense of $ 58 million .optical and specialty materials sales increased $ 105 million or 10% ( 10 % ) in 2008 .sales increased 5% ( 5 % ) due to higher volumes in our optical products business resulting from the launch of transitions optical 2019s next generation lens product , 3% ( 3 % ) due to the positive impact of foreign currency translation and 2% ( 2 % ) due to increased selling prices .segment income increased $ 9 million in 2008 .the increase in segment income was the result of increased sales volumes and the favorable impact of currency partially offset by increased selling and marketing costs in the optical products business related to the transitions optical product launch mentioned above .increased selling prices only partially offset higher raw material costs , primarily in our silicas business .commodity chemicals sales increased $ 298 million or 19% ( 19 % ) in 2008 .sales increased 18% ( 18 % ) due to higher selling prices and 1% ( 1 % ) due to improved sales volumes .segment income increased $ 97 million in 2008 .segment income increased in large part due to higher selling prices , which more than offset the negative impact of inflation , primarily higher raw material and energy costs .segment income also improved due to lower manufacturing costs , while lower margin mix and equity earnings reduced segment income .glass sales decreased $ 281 million or 13% ( 13 % ) in 2008 .sales decreased 11% ( 11 % ) due to the divestiture of the automotive glass and services business in september 2008 and 4% ( 4 % ) due to lower sales volumes .sales increased 2% ( 2 % ) due to higher selling prices .segment income decreased $ 68 million in 2008 .segment income decreased due to the divestiture of the automotive glass and services business , lower volumes , the negative impact of inflation and lower equity earnings from our asian fiber glass joint ventures .factors increasing segment income were lower manufacturing costs , higher selling prices and stronger foreign currency .outlook overall global economic activity was volatile in 2008 with an overall downward trend .the north american economy continued a slowing trend which began during the second half of 2006 and continued all of 2007 .the impact of the weakening u.s .economy was particularly 2008 ppg annual report and form 10-k 17 .
|
what was the revenue impact of higher selling prices in the glass segment in 2008?
|
43900000
|
{
"answer": "43900000",
"decimal": 43900000,
"type": "float"
}
| |
part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2006 and 2005. .
[['2006', 'high', 'low'], ['quarter ended march 31', '$ 32.68', '$ 26.66'], ['quarter ended june 30', '35.75', '27.35'], ['quarter ended september 30', '36.92', '29.98'], ['quarter ended december 31', '38.74', '35.21'], ['2005', 'high', 'low'], ['quarter ended march 31', '$ 19.28', '$ 17.30'], ['quarter ended june 30', '21.16', '16.28'], ['quarter ended september 30', '25.20', '20.70'], ['quarter ended december 31', '28.33', '22.73']]
on february 22 , 2007 , the closing price of our class a common stock was $ 40.38 per share as reported on the nyse .as of february 22 , 2007 , we had 419988395 outstanding shares of class a common stock and 623 registered holders .in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter .also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis .in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock .dividends we have never paid a dividend on any class of our common stock .we anticipate that we may retain future earnings , if any , to fund the development and growth of our business .the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests .under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby .the indenture governing the terms of the ati 7.25% ( 7.25 % ) notes prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .for more information about the restrictions under our credit facilities and our notes indentures , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 7 to our consolidated financial statements included in this annual report. .
|
what is the average number of shares per registered holder as of february 22 , 2007?
|
674139
|
{
"answer": "674139",
"decimal": 674139,
"type": "float"
}
| |
containerboard , kraft papers and saturating kraft .kapstone also owns victory packaging , a packaging solutions distribution company with facilities in the u.s. , canada and mexico .we have included the financial results of kapstone in our corrugated packaging segment since the date of the acquisition .on september 4 , 2018 , we completed the acquisition ( the 201cschl fcter acquisition 201d ) of schl fcter print pharma packaging ( 201cschl fcter 201d ) .schl fcter is a leading provider of differentiated paper and packaging solutions and a german-based supplier of a full range of leaflets and booklets .the schl fcter acquisition allowed us to further enhance our pharmaceutical and automotive platform and expand our geographical footprint in europe to better serve our customers .we have included the financial results of the acquired operations in our consumer packaging segment since the date of the acquisition .on january 5 , 2018 , we completed the acquisition ( the 201cplymouth packaging acquisition 201d ) of substantially all of the assets of plymouth packaging , inc .( 201cplymouth 201d ) .the assets we acquired included plymouth 2019s 201cbox on demand 201d systems , which are manufactured by panotec , an italian manufacturer of packaging machines .the addition of the box on demand systems enhanced our platform , differentiation and innovation .these systems , which are located on customers 2019 sites under multi-year exclusive agreements , use fanfold corrugated to produce custom , on-demand corrugated packaging that is accurately sized for any product type according to the customer 2019s specifications .fanfold corrugated is continuous corrugated board , folded periodically to form an accordion-like stack of corrugated material .as part of the transaction , westrock acquired plymouth 2019s equity interest in panotec and plymouth 2019s exclusive right from panotec to distribute panotec 2019s equipment in the u.s .and canada .we have fully integrated the approximately 60000 tons of containerboard used by plymouth annually .we have included the financial results of plymouth in our corrugated packaging segment since the date of the acquisition .see 201cnote 3 .acquisitions and investment 201d of the notes to consolidated financial statements for additional information .see also item 1a .201crisk factors 2014 we may be unsuccessful in making and integrating mergers , acquisitions and investments , and completing divestitures 201d .business .
[['( in millions )', 'year ended september 30 , 2019', 'year ended september 30 , 2018'], ['net sales', '$ 18289.0', '$ 16285.1'], ['segment income', '$ 1790.2', '$ 1707.6']]
in fiscal 2019 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win .we successfully executed this strategy in fiscal 2019 in a rapidly changing cost and price environment .net sales of $ 18289.0 million for fiscal 2019 increased $ 2003.9 million , or 12.3% ( 12.3 % ) , compared to fiscal 2018 .the increase was primarily due to the kapstone acquisition and higher selling price/mix in our corrugated packaging and consumer packaging segments .these increases were partially offset by the absence of recycling net sales in fiscal 2019 as a result of conducting the operations primarily as a procurement function beginning in the first quarter of fiscal 2019 , lower volumes , unfavorable foreign currency impacts across our segments compared to the prior year and decreased land and development net sales .segment income increased $ 82.6 million in fiscal 2019 compared to fiscal 2018 , primarily due to increased corrugated packaging segment income that was partially offset by lower consumer packaging and land and development segment income .the impact of the contribution from the acquired kapstone operations , higher selling price/mix across our segments and productivity improvements was largely offset by lower volumes across our segments , economic downtime , cost inflation , increased maintenance and scheduled strategic outage expense ( including projects at our mahrt , al and covington , va mills ) and lower land and development segment income due to the wind-down of sales .with respect to segment income , we experienced higher levels of cost inflation in both our corrugated packaging and consumer packaging segments during fiscal 2019 as compared to fiscal 2018 that were partially offset by recovered fiber deflation .the primary inflationary items were virgin fiber , freight , energy and wage and other costs .we generated $ 2310.2 million of net cash provided by operating activities in fiscal 2019 , compared to $ 1931.2 million in fiscal 2018 .we remained committed to our disciplined capital allocation strategy during fiscal .
|
in 2019 , what percent of sales does segment income amount to?
|
9.788%
|
{
"answer": "9.788%",
"decimal": 0.09788000000000001,
"type": "percentage"
}
| |
of exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price .the company issued new shares to satisfy exercised stock options .compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively .the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively .the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options .unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years .as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options .compensation expense for stock options was fully recognized as of december 31 , 2013 .20 .unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: .
[['( $ in millions except per share amounts )', 'year ended december 31 2015 1st qtr', 'year ended december 31 2015 2nd qtr ( 1 )', 'year ended december 31 2015 3rd qtr', 'year ended december 31 2015 4th qtr ( 2 )'], ['sales and service revenues', '$ 1570', '$ 1745', '$ 1800', '$ 1905'], ['operating income ( loss )', '156', '269', '200', '144'], ['earnings ( loss ) before income taxes', '133', '244', '175', '80'], ['net earnings ( loss )', '87', '156', '111', '50'], ['dividends declared per share', '$ 0.40', '$ 0.40', '$ 0.40', '$ 0.50'], ['basic earnings ( loss ) per share', '$ 1.80', '$ 3.22', '$ 2.31', '$ 1.07'], ['diluted earnings ( loss ) per share', '$ 1.79', '$ 3.20', '$ 2.29', '$ 1.06']]
( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge .during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement .( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .
|
what is the total net income for the fiscal year of 2015?
|
404
|
{
"answer": "404",
"decimal": 404,
"type": "float"
}
| |
welltower inc .notes to consolidated financial statements is no longer present ( and additional weight may be given to subjective evidence such as our projections for growth ) .the valuation allowance rollforward is summarized as follows for the periods presented ( in thousands ) : year ended december 31 , 2017 2016 2015 .
[['2016', 'year ended december 31 2017 2016', 'year ended december 31 2017 2016', 'year ended december 31 2017'], ['beginning balance', '$ 96838', '$ 98966', '$ 85207'], ['expense ( benefit )', '30445', '-2128 ( 2128 )', '13759'], ['ending balance', '$ 127283', '$ 96838', '$ 98966']]
as a result of certain acquisitions , we are subject to corporate level taxes for any related asset dispositions that may occur during the five-year period immediately after such assets were owned by a c corporation ( 201cbuilt-in gains tax 201d ) .the amount of income potentially subject to this special corporate level tax is generally equal to the lesser of ( a ) the excess of the fair value of the asset over its adjusted tax basis as of the date it became a reit asset , or ( b ) the actual amount of gain .some but not all gains recognized during this period of time could be offset by available net operating losses and capital loss carryforwards .during the year ended december 31 , 2016 , we acquired certain additional assets with built-in gains as of the date of acquisition that could be subject to the built-in gains tax if disposed of prior to the expiration of the applicable ten-year period .we have not recorded a deferred tax liability as a result of the potential built-in gains tax based on our intentions with respect to such properties and available tax planning strategies .under the provisions of the reit investment diversification and empowerment act of 2007 ( 201cridea 201d ) , for taxable years beginning after july 30 , 2008 , the reit may lease 201cqualified health care properties 201d on an arm 2019s-length basis to a trs if the property is operated on behalf of such subsidiary by a person who qualifies as an 201celigible independent contractor . 201d generally , the rent received from the trs will meet the related party rent exception and will be treated as 201crents from real property . 201d a 201cqualified health care property 201d includes real property and any personal property that is , or is necessary or incidental to the use of , a hospital , nursing facility , assisted living facility , congregate care facility , qualified continuing care facility , or other licensed facility which extends medical or nursing or ancillary services to patients .we have entered into various joint ventures that were structured under ridea .resident level rents and related operating expenses for these facilities are reported in the consolidated financial statements and are subject to federal , state and foreign income taxes as the operations of such facilities are included in a trs .certain net operating loss carryforwards could be utilized to offset taxable income in future years .given the applicable statute of limitations , we generally are subject to audit by the internal revenue service ( 201cirs 201d ) for the year ended december 31 , 2014 and subsequent years .the statute of limitations may vary in the states in which we own properties or conduct business .we do not expect to be subject to audit by state taxing authorities for any year prior to the year ended december 31 , 2011 .we are also subject to audit by the canada revenue agency and provincial authorities generally for periods subsequent to may 2012 related to entities acquired or formed in connection with acquisitions , and by the u.k . 2019s hm revenue & customs for periods subsequent to august 2012 related to entities acquired or formed in connection with acquisitions .at december 31 , 2017 , we had a net operating loss ( 201cnol 201d ) carryforward related to the reit of $ 448475000 .due to our uncertainty regarding the realization of certain deferred tax assets , we have not recorded a deferred tax asset related to nols generated by the reit .these amounts can be used to offset future taxable income ( and/or taxable income for prior years if an audit determines that tax is owed ) , if any .the reit will be entitled to utilize nols and tax credit carryforwards only to the extent that reit taxable income exceeds our deduction for dividends paid .the nol carryforwards generated through december 31 , 2017 will expire through 2036 .beginning with tax years after december 31 , 2017 , the tax cuts and jobs act ( 201ctax act 201d ) eliminates the carryback period , limits the nols to 80% ( 80 % ) of taxable income and replaces the 20-year carryforward period with an indefinite carryforward period. .
|
for the year ended december 31 2017 , beginning balance is what percent of the ending balance?
|
76.1%
|
{
"answer": "76.1%",
"decimal": 0.7609999999999999,
"type": "percentage"
}
| |
31mar201122064257 notes to consolidated financial statements ( continued ) 10 .income taxes ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .
[['balance at october 2 2009', '$ 8859'], ['increases based on positions related to prior years', '437'], ['increases based on positions related to current year', '11221'], ['decreases relating to settlements with taxing authorities', '2014'], ['decreases relating to lapses of applicable statutes of limitations', '-617 ( 617 )'], ['balance at october 1 2010', '$ 19900']]
the company 2019s major tax jurisdictions as of october 1 , 2010 are the united states , california , and iowa .for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes .for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes .during the year ended october 1 , 2010 , $ 0.6 million of previously unrecognized tax benefits related to the expiration of the statute of limitations period were recognized .the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense .the company did not incur any significant accrued interest or penalties related to unrecognized tax benefits during fiscal year 2010 .11 .stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value .holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose .dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside .in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock .each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name .no holder of common stock is entitled to cumulate votes in voting for directors .the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or on august 3 , 2010 , the company 2019s board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements .the company had not repurchased any shares under the program for the fiscal year ended october 1 , 2010 .as of november 29 , 2010 , the skyworks / 2010 annual report 137 .
|
what is the net chance in the balance of gross unrecognized tax benefits from 2009 to 2010?
|
11041
|
{
"answer": "11041",
"decimal": 11041,
"type": "float"
}
| |
table of contents adobe inc .notes to consolidated financial statements ( continued ) the table below represents the preliminary purchase price allocation to the acquired net tangible and intangible assets of marketo based on their estimated fair values as of the acquisition date and the associated estimated useful lives at that date .the fair values assigned to assets acquired and liabilities assumed are based on management 2019s best estimates and assumptions as of the reporting date and are considered preliminary pending finalization of valuation analyses pertaining to intangible assets acquired , deferred revenue and tax liabilities assumed including the calculation of deferred tax assets and liabilities .( in thousands ) amount weighted average useful life ( years ) .
[['( in thousands )', 'amount', 'weighted average useful life ( years )'], ['customer contracts and relationships', '$ 576900', '11'], ['purchased technology', '444500', '7'], ['backlog', '105800', '2'], ['non-competition agreements', '12100', '2'], ['trademarks', '328500', '9'], ['total identifiable intangible assets', '1467800', ''], ['net liabilities assumed', '-191288 ( 191288 )', 'n/a'], ['goodwill ( 1 )', '3459751', 'n/a'], ['total estimated purchase price', '$ 4736263', '']]
_________________________________________ ( 1 ) non-deductible for tax-purposes .identifiable intangible assets 2014customer relationships consist of marketo 2019s contractual relationships and customer loyalty related to their enterprise and commercial customers as well as technology partner relationships .the estimated fair value of the customer contracts and relationships was determined based on projected cash flows attributable to the asset .purchased technology acquired primarily consists of marketo 2019s cloud-based engagement marketing software platform .the estimated fair value of the purchased technology was determined based on the expected future cost savings resulting from ownership of the asset .backlog relates to subscription contracts and professional services .non-compete agreements include agreements with key marketo employees that preclude them from competing against marketo for a period of two years from the acquisition date .trademarks include the marketo trade name , which is well known in the marketing ecosystem .we amortize the fair value of these intangible assets on a straight-line basis over their respective estimated useful lives .goodwill 2014approximately $ 3.46 billion has been allocated to goodwill , and has been allocated in full to the digital experience reportable segment .goodwill represents the excess of the purchase price over the fair value of the underlying acquired net tangible and intangible assets .the factors that contributed to the recognition of goodwill included securing buyer-specific synergies that increase revenue and profits and are not otherwise available to a marketplace participant , acquiring a talented workforce and cost savings opportunities .net liabilities assumed 2014marketo 2019s tangible assets and liabilities as of october 31 , 2018 were reviewed and adjusted to their fair value as necessary .the net liabilities assumed included , among other items , $ 100.1 million in accrued expenses , $ 74.8 million in deferred revenue and $ 182.6 million in deferred tax liabilities , which were partially offset by $ 54.9 million in cash and cash equivalents and $ 72.4 million in trade receivables acquired .deferred revenue 2014included in net liabilities assumed is marketo 2019s deferred revenue which represents advance payments from customers related to subscription contracts and professional services .we estimated our obligation related to the deferred revenue using the cost build-up approach .the cost build-up approach determines fair value by estimating the direct and indirect costs related to supporting the obligation plus an assumed operating margin .the sum of the costs and assumed operating profit approximates , in theory , the amount that marketo would be required to pay a third party to assume the obligation .the estimated costs to fulfill the obligation were based on the near-term projected cost structure for subscription and professional services .as a result , we recorded an adjustment to reduce marketo 2019s carrying value of deferred revenue to $ 74.8 million , which represents our estimate of the fair value of the contractual obligations assumed based on a preliminary valuation. .
|
goodwill is what percent of total estimated purchase price?
|
73.0%
|
{
"answer": "73.0%",
"decimal": 0.73,
"type": "percentage"
}
| |
brokerage and asset management brokerage and asset management ( bam ) , which constituted approximately 6% ( 6 % ) of citi holdings by assets as of december 31 , 2009 , consists of citi 2019s global retail brokerage and asset management businesses .this segment was substantially affected and reduced in size in 2009 due to the divestitures of smith barney ( to the morgan stanley smith barney joint venture ( mssb jv ) ) and nikko cordial securities .at december 31 , 2009 , bam had approximately $ 35 billion of assets , which included $ 26 billion of assets from the 49% ( 49 % ) interest in the mssb jv ( $ 13 billion investment and $ 13 billion in loans associated with the clients of the mssb jv ) and $ 9 billion of assets from a diverse set of asset management and insurance businesses of which approximately half will be transferred into the latam rcb during the first quarter of 2010 , as discussed under 201cciti holdings 201d above .morgan stanley has options to purchase citi 2019s remaining stake in the mssb jv over three years starting in 2012 .the 2009 results include an $ 11.1 billion gain ( $ 6.7 billion after-tax ) on the sale of smith barney .in millions of dollars 2009 2008 2007 % ( % ) change 2009 vs .2008 % ( % ) change 2008 vs .2007 .
[['in millions of dollars', '2009', '2008', '2007', '% ( % ) change 2009 vs . 2008', '% ( % ) change 2008 vs . 2007'], ['net interest revenue', '$ 432', '$ 1224', '$ 908', '( 65 ) % ( % )', '35% ( 35 % )'], ['non-interest revenue', '14703', '7199', '9751', 'nm', '-26 ( 26 )'], ['total revenues net of interest expense', '$ 15135', '$ 8423', '$ 10659', '80% ( 80 % )', '( 21 ) % ( % )'], ['total operating expenses', '$ 3350', '$ 9236', '$ 7960', '( 64 ) % ( % )', '16% ( 16 % )'], ['net credit losses', '$ 3', '$ 10', '$ 2014', '( 70 ) % ( % )', '2014'], ['credit reserve build/ ( release )', '36', '8', '4', 'nm', '100% ( 100 % )'], ['provision for unfunded lending commitments', '-5 ( 5 )', '2014', '2014', '2014', '2014'], ['provision for benefits and claims', '$ 155', '$ 205', '$ 154', '( 24 ) % ( % )', '33% ( 33 % )'], ['provisions for loan losses and for benefits and claims', '$ 189', '$ 223', '$ 158', '( 15 ) % ( % )', '41% ( 41 % )'], ['income ( loss ) from continuing operations before taxes', '$ 11596', '$ -1036 ( 1036 )', '$ 2541', 'nm', 'nm'], ['income taxes ( benefits )', '4489', '-272 ( 272 )', '834', 'nm', 'nm'], ['income ( loss ) from continuing operations', '$ 7107', '$ -764 ( 764 )', '$ 1707', 'nm', 'nm'], ['net income ( loss ) attributable to noncontrolling interests', '12', '-179 ( 179 )', '35', 'nm', 'nm'], ['net income ( loss )', '$ 7095', '$ -585 ( 585 )', '$ 1672', 'nm', 'nm'], ['eop assets ( in billions of dollars )', '$ 35', '$ 58', '$ 56', '( 40 ) % ( % )', '4% ( 4 % )'], ['eop deposits ( in billions of dollars )', '60', '58', '46', '3', '26']]
nm not meaningful 2009 vs .2008 revenues , net of interest expense increased 80% ( 80 % ) versus the prior year mainly driven by the $ 11.1 billion pretax gain on the sale ( $ 6.7 billion after-tax ) on the mssb jv transaction in the second quarter of 2009 and a $ 320 million pretax gain on the sale of the managed futures business to the mssb jv in the third quarter of 2009 .excluding these gains , revenue decreased primarily due to the absence of smith barney from may 2009 onwards and the absence of fourth-quarter revenue of nikko asset management , partially offset by an improvement in marks in retail alternative investments .revenues in the prior year include a $ 347 million pretax gain on sale of citistreet and charges related to the settlement of auction rate securities of $ 393 million pretax .operating expenses decreased 64% ( 64 % ) from the prior year , mainly driven by the absence of smith barney and nikko asset management expenses , re- engineering efforts and the absence of 2008 one-time expenses ( $ 0.9 billion intangible impairment , $ 0.2 billion of restructuring and $ 0.5 billion of write- downs and other charges ) .provisions for loan losses and for benefits and claims decreased 15% ( 15 % ) mainly reflecting a $ 50 million decrease in provision for benefits and claims , partially offset by increased reserve builds of $ 28 million .assets decreased 40% ( 40 % ) versus the prior year , mostly driven by the sales of nikko cordial securities and nikko asset management ( $ 25 billion ) and the managed futures business ( $ 1.4 billion ) , partially offset by increased smith barney assets of $ 4 billion .2008 vs .2007 revenues , net of interest expense decreased 21% ( 21 % ) from the prior year primarily due to lower transactional and investment revenues in smith barney , lower revenues in nikko asset management and higher markdowns in retail alternative investments .operating expenses increased 16% ( 16 % ) versus the prior year , mainly driven by a $ 0.9 billion intangible impairment in nikko asset management in the fourth quarter of 2008 , $ 0.2 billion of restructuring charges and $ 0.5 billion of write-downs and other charges .provisions for loan losses and for benefits and claims increased $ 65 million compared to the prior year , mainly due to a $ 52 million increase in provisions for benefits and claims .assets increased 4% ( 4 % ) versus the prior year. .
|
as a percent of total revenues net of interest expense what was non-interest revenue in 2007?
|
91%
|
{
"answer": "91%",
"decimal": 0.91,
"type": "percentage"
}
| |
operations may be extended up to four additional years for each unit by mutual agreement of entergy and new york state based on an exigent reliability need for indian point generation .in accordance with the ferc-approved tariff of the new york independent system operator ( nyiso ) , entergy submitted to the nyiso a notice of generator deactivation based on the dates in the settlement ( no later than april 30 , 2020 for indian point unit 2 and april 30 , 2021 for indian point unit 3 ) .in december 2017 , nyiso issued a report stating there will not be a system reliability need following the deactivation of indian point .the nyiso also has advised that it will perform an analysis of the potential competitive impacts of the proposed retirement under provisions of its tariff .the deadline for the nyiso to make a withholding determination is in dispute and is pending before the ferc .in addition to contractually agreeing to cease commercial operations early , in february 2017 entergy filed with the nrc an amendment to its license renewal application changing the term of the requested licenses to coincide with the latest possible extension by mutual agreement based on exigent reliability needs : april 30 , 2024 for indian point 2 and april 30 , 2025 for indian point 3 .if entergy reasonably determines that the nrc will treat the amendment other than as a routine amendment , entergy may withdraw the amendment .other provisions of the settlement include termination of all then-existing investigations of indian point by the agencies signing the agreement , which include the new york state department of environmental conservation , the new york state department of state , the new york state department of public service , the new york state department of health , and the new york state attorney general .the settlement recognizes the right of new york state agencies to pursue new investigations and enforcement actions with respect to new circumstances or existing conditions that become materially exacerbated .another provision of the settlement obligates entergy to establish a $ 15 million fund for environmental projects and community support .apportionment and allocation of funds to beneficiaries are to be determined by mutual agreement of new york state and entergy .the settlement recognizes new york state 2019s right to perform an annual inspection of indian point , with scope and timing to be determined by mutual agreement .in may 2017 a plaintiff filed two parallel state court appeals challenging new york state 2019s actions in signing and implementing the indian point settlement with entergy on the basis that the state failed to perform sufficient environmental analysis of its actions .all signatories to the settlement agreement , including the entergy affiliates that hold nrc licenses for indian point , were named .the appeals were voluntarily dismissed in november 2017 .entergy corporation and subsidiaries management 2019s financial discussion and analysis liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement .capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table .the increase in the debt to capital ratio for entergy as of december 31 , 2017 is primarily due to an increase in commercial paper outstanding in 2017 as compared to 2016. .
[['', '2017', '2016'], ['debt to capital', '67.1% ( 67.1 % )', '64.8% ( 64.8 % )'], ['effect of excluding securitization bonds', '( 0.8% ( 0.8 % ) )', '( 1.0% ( 1.0 % ) )'], ['debt to capital excluding securitization bonds ( a )', '66.3% ( 66.3 % )', '63.8% ( 63.8 % )'], ['effect of subtracting cash', '( 1.1% ( 1.1 % ) )', '( 2.0% ( 2.0 % ) )'], ['net debt to net capital excluding securitization bonds ( a )', '65.2% ( 65.2 % )', '61.8% ( 61.8 % )']]
( a ) calculation excludes the arkansas , louisiana , new orleans , and texas securitization bonds , which are non- recourse to entergy arkansas , entergy louisiana , entergy new orleans , and entergy texas , respectively. .
|
what is the percent change in debt to capital from 2016 to 2017
|
3.55%
|
{
"answer": "3.55%",
"decimal": 0.0355,
"type": "percentage"
}
| |
during 2009 , the company extended the contractual life of 4 million fully vested share options held by 6 employees .as a result of that modification , the company recognized additional compensation expense of $ 1 million for the year ended december 31 , 2009 .restricted stock units ( 201crsus 201d ) performance-based rsus .the company grants performance-based rsus to the company 2019s executive officers and certain employees once per year .the company may also grant performance-based rsus to certain new employees or to employees who assume positions of increasing responsibility at the time those events occur .the number of performance-based rsus that ultimately vest is dependent on one or both of the following as per the terms of the specific award agreement : the achievement of 1 ) internal profitability targets ( performance condition ) and 2 ) market performance targets measured by the comparison of the company 2019s stock performance versus a defined peer group ( market condition ) .the performance-based rsus generally cliff-vest during the company 2019s quarter-end september 30 black-out period three years from the date of grant .the ultimate number of shares of the company 2019s series a common stock issued will range from zero to stretch , with stretch defined individually under each award , net of personal income taxes withheld .the market condition is factored into the estimated fair value per unit and compensation expense for each award will be based on the probability of achieving internal profitability targets , as applicable , and recognized on a straight-line basis over the term of the respective grant , less estimated forfeitures .for performance-based rsus granted without a performance condition , compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .in april 2007 , the company granted performance-based rsus to certain employees that vest annually in equal tranches beginning october 1 , 2008 through october 1 , 2011 and include a market condition .the performance- based rsus awarded include a catch-up provision that provides for an additional year of vesting of previously unvested amounts , subject to certain maximums .compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .a summary of changes in performance-based rsus outstanding is as follows : number of weighted average fair value ( in thousands ) ( in $ ) .
[['', 'number of units ( in thousands )', 'weighted average fair value ( in $ )'], ['nonvested at december 31 2008', '1188', '19.65'], ['granted', '420', '38.16'], ['vested', '-79 ( 79 )', '21.30'], ['forfeited', '-114 ( 114 )', '17.28'], ['nonvested at december 31 2009', '1415', '25.24']]
the fair value of shares vested for performance-based rsus during the years ended december 31 , 2009 and 2008 was $ 2 million and $ 3 million , respectively .there were no vestings that occurred during the year ended december 31 , 2007 .fair value for the company 2019s performance-based rsus was estimated at the grant date using a monte carlo simulation approach .monte carlo simulation was utilized to randomly generate future stock returns for the company and each company in the defined peer group for each grant based on company-specific dividend yields , volatilities and stock return correlations .these returns were used to calculate future performance-based rsu vesting percentages and the simulated values of the vested performance-based rsus were then discounted to present value using a risk-free rate , yielding the expected value of these performance-based rsus .%%transmsg*** transmitting job : d70731 pcn : 119000000 ***%%pcmsg|119 |00016|yes|no|02/10/2010 16:17|0|0|page is valid , no graphics -- color : n| .
|
what was the net change number of units in 2009 in thousands
|
227
|
{
"answer": "227",
"decimal": 227,
"type": "float"
}
|
the change is the summation of all activity both the increase and decrease
|
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers .
[['in millions', '2015', '2014', '2013'], ['sales', '$ 5031', '$ 5720', '$ 6205'], ['operating profit ( loss )', '533', '-16 ( 16 )', '271']]
north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
|
what percentage of printing paper sales where north american printing papers net sales 2015?
|
38%
|
{
"answer": "38%",
"decimal": 0.38,
"type": "percentage"
}
| |
part ii , item 8 schlumberger limited and subsidiaries shares of common stock ( stated in millions ) issued in treasury shares outstanding .
[['', 'issued', 'in treasury', 'shares outstanding'], ['balance january 1 2007', '1334', '-156 ( 156 )', '1178'], ['shares sold to optionees less shares exchanged', '2013', '14', '14'], ['shares issued under employee stock purchase plan', '2013', '2', '2'], ['stock repurchase program', '2013', '-16 ( 16 )', '-16 ( 16 )'], ['issued on conversions of debentures', '2013', '18', '18'], ['balance december 31 2007', '1334', '-138 ( 138 )', '1196'], ['shares sold to optionees less shares exchanged', '2013', '5', '5'], ['shares issued under employee stock purchase plan', '2013', '2', '2'], ['stock repurchase program', '2013', '-21 ( 21 )', '-21 ( 21 )'], ['issued on conversions of debentures', '2013', '12', '12'], ['balance december 31 2008', '1334', '-140 ( 140 )', '1194'], ['shares sold to optionees less shares exchanged', '2013', '4', '4'], ['vesting of restricted stock', '2013', '1', '1'], ['shares issued under employee stock purchase plan', '2013', '4', '4'], ['stock repurchase program', '2013', '-8 ( 8 )', '-8 ( 8 )'], ['balance december 31 2009', '1334', '-139 ( 139 )', '1195']]
see the notes to consolidated financial statements .
|
how many shares were repurchased in this period?
|
45000000
|
{
"answer": "45000000",
"decimal": 45000000,
"type": "float"
}
| |
domestic utility companies and system energy notes to respective financial statements protested the disallowance of these deductions to the office of irs appeals .entergy expects to receive a notice of deficiency in 2005 for this item , and plans to vigorously contest this matter .entergy believes that the contingency provision established in its financial statements sufficiently covers the risk associated with this item .mark to market of certain power contracts in 2001 , entergy louisiana changed its method of accounting for tax purposes related to its wholesale electric power contracts .the most significant of these is the contract to purchase power from the vidalia hydroelectric project .the new tax accounting method has provided a cumulative cash flow benefit of approximately $ 790 million as of december 31 , 2004 .the related irs interest exposure is $ 93 million at december 31 , 2004 .this benefit is expected to reverse in the years 2005 through 2031 .the election did not reduce book income tax expense .the timing of the reversal of this benefit depends on several variables , including the price of power .due to the temporary nature of the tax benefit , the potential interest charge represents entergy's net earnings exposure .entergy louisiana's 2001 tax return is currently under examination by the irs , though no adjustments have yet been proposed with respect to the mark to market election .entergy believes that the contingency provision established in its financial statements will sufficiently cover the risk associated with this issue .cashpoint bankruptcy ( entergy arkansas , entergy gulf states , entergy louisiana , entergy mississippi , and entergy new orleans ) in 2003 the domestic utility companies entered an agreement with cashpoint network services ( cashpoint ) under which cashpoint was to manage a network of payment agents through which entergy's utility customers could pay their bills .the payment agent system allows customers to pay their bills at various commercial or governmental locations , rather than sending payments by mail .approximately one-third of entergy's utility customers use payment agents .on april 19 , 2004 , cashpoint failed to pay funds due to the domestic utility companies that had been collected through payment agents .the domestic utility companies then obtained a temporary restraining order from the civil district court for the parish of orleans , state of louisiana , enjoining cashpoint from distributing funds belonging to entergy , except by paying those funds to entergy .on april 22 , 2004 , a petition for involuntary chapter 7 bankruptcy was filed against cashpoint by other creditors in the united states bankruptcy court for the southern district of new york .in response to these events , the domestic utility companies expanded an existing contract with another company to manage all of their payment agents .the domestic utility companies filed proofs of claim in the cashpoint bankruptcy proceeding in september 2004 .although entergy cannot precisely determine at this time the amount that cashpoint owes to the domestic utility companies that may not be repaid , it has accrued an estimate of loss based on current information .if no cash is repaid to the domestic utility companies , an event entergy does not believe is likely , the current estimates of maximum exposure to loss are approximately as follows : amount ( in millions ) .
[['', 'amount ( in millions )'], ['entergy arkansas', '$ 1.8'], ['entergy gulf states', '$ 7.7'], ['entergy louisiana', '$ 8.8'], ['entergy mississippi', '$ 4.3'], ['entergy new orleans', '$ 2.4']]
environmental issues ( entergy gulf states ) entergy gulf states has been designated as a prp for the cleanup of certain hazardous waste disposal sites .as of december 31 , 2004 , entergy gulf states does not expect the remaining clean-up costs to exceed its recorded liability of $ 1.5 million for the remaining sites at which the epa has designated entergy gulf states as a prp. .
|
what portion of the maximum exposure to loss for entergy if no cash is repaid to domestic utility companies is incurred from entergy louisiana?
|
35.2%
|
{
"answer": "35.2%",
"decimal": 0.35200000000000004,
"type": "percentage"
}
| |
while we have remediated the previously-identified material weakness in our internal control over financial reporting , we may identify other material weaknesses in the future .in november 2017 , we restated our consolidated financial statements for the quarters ended april 1 , 2017 and july 1 , 2017 in order to correctly classify cash receipts from the payments on sold receivables ( which are cash receipts on the underlying trade receivables that have already been securitized ) to cash provided by investing activities ( from cash provided by operating activities ) within our condensed consolidated statements of cash flows .in connection with these restatements , management identified a material weakness in our internal control over financial reporting related to the misapplication of accounting standards update 2016-15 .specifically , we did not maintain effective controls over the adoption of new accounting standards , including communication with the appropriate individuals in coming to our conclusions on the application of new accounting standards .as a result of this material weakness , our management concluded that we did not maintain effective internal control over financial reporting as of april 1 , 2017 and july 1 , 2017 .while we have remediated the material weakness and our management has determined that our disclosure controls and procedures were effective as of december 30 , 2017 , there can be no assurance that our controls will remain adequate .the effectiveness of our internal control over financial reporting is subject to various inherent limitations , including judgments used in decision-making , the nature and complexity of the transactions we undertake , assumptions about the likelihood of future events , the soundness of our systems , cost limitations , and other limitations .if other material weaknesses or significant deficiencies in our internal control are discovered or occur in the future or we otherwise must restate our financial statements , it could materially and adversely affect our business and results of operations or financial condition , restrict our ability to access the capital markets , require us to expend significant resources to correct the weaknesses or deficiencies , subject us to fines , penalties , investigations or judgments , harm our reputation , or otherwise cause a decline in investor confidence .item 1b .unresolved staff comments .item 2 .properties .our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .our co-headquarters are leased and house certain executive offices , our u.s .business units , and our administrative , finance , legal , and human resource functions .we maintain additional owned and leased offices throughout the regions in which we operate .we manufacture our products in our network of manufacturing and processing facilities located throughout the world .as of december 30 , 2017 , we operated 83 manufacturing and processing facilities .we own 80 and lease three of these facilities .our manufacturing and processing facilities count by segment as of december 30 , 2017 was: .
[['', 'owned', 'leased'], ['united states', '41', '1'], ['canada', '2', '2014'], ['europe', '11', '2014'], ['rest of world', '26', '2']]
we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs .we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products .item 3 .legal proceedings .we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business .while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations .item 4 .mine safety disclosures .not applicable. .
|
what portion of the company owned facilities are located in united states?
|
51.3%
|
{
"answer": "51.3%",
"decimal": 0.513,
"type": "percentage"
}
| |
management 2019s discussion and analysis jpmorgan chase & co ./ 2008 annual report 39 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 stock index and the s&p financial index .the s&p 500 index is a commonly referenced u.s .equity benchmark consisting of leading companies from different economic sectors .the s&p financial index is an index of 81 financial companies , all of which are within the s&p 500 .the firm is a component of both industry indices .the following table and graph assumes simultaneous investments of $ 100 on december 31 , 2003 , in jpmorgan chase common stock and in each of the above s&p indices .the comparison assumes that all dividends are reinvested .this section of the jpmorgan chase 2019s annual report for the year ended december 31 , 2008 ( 201cannual report 201d ) provides manage- ment 2019s discussion and analysis of the financial condition and results of operations ( 201cmd&a 201d ) of jpmorgan chase .see the glossary of terms on pages 230 2013233 for definitions of terms used throughout this annual report .the md&a included in this annual report con- tains statements that are forward-looking within the meaning of the private securities litigation reform act of 1995 .such statements are based upon the current beliefs and expectations of jpmorgan december 31 .
[['( in dollars )', '2003', '2004', '2005', '2006', '2007', '2008'], ['jpmorgan chase', '$ 100.00', '$ 109.92', '$ 116.02', '$ 145.36', '$ 134.91', '$ 100.54'], ['s&p financial index', '100.00', '110.89', '118.07', '140.73', '114.51', '51.17'], ['s&p500', '100.00', '110.88', '116.33', '134.70', '142.10', '89.53']]
december 31 , ( in dollars ) 2003 2004 2005 2006 2007 2008 s&p financial s&p 500jpmorgan chase chase 2019s management and are subject to significant risks and uncer- tainties .these risks and uncertainties could cause jpmorgan chase 2019s results to differ materially from those set forth in such forward-look- ing statements .certain of such risks and uncertainties are described herein ( see forward-looking statements on page 127 of this annual report ) and in the jpmorgan chase annual report on form 10-k for the year ended december 31 , 2008 ( 201c2008 form 10-k 201d ) , in part i , item 1a : risk factors , to which reference is hereby made .introduction jpmorgan chase & co. , a financial holding company incorporated under delaware law in 1968 , is a leading global financial services firm and one of the largest banking institutions in the united states of america ( 201cu.s . 201d ) , with $ 2.2 trillion in assets , $ 166.9 billion in stockholders 2019 equity and operations in more than 60 countries as of december 31 , 2008 .the firm is a leader in investment banking , financial services for consumers and businesses , financial transaction processing and asset management .under the j.p .morgan and chase brands , the firm serves millions of customers in the u.s .and many of the world 2019s most prominent corporate , institutional and government clients .jpmorgan chase 2019s principal bank subsidiaries are jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) , a nation- al banking association with branches in 23 states in the u.s. ; and chase bank usa , national association ( 201cchase bank usa , n.a . 201d ) , a national bank that is the firm 2019s credit card issuing bank .jpmorgan chase 2019s principal nonbank subsidiary is j.p .morgan securities inc. , the firm 2019s u.s .investment banking firm .jpmorgan chase 2019s activities are organized , for management reporting purposes , into six business segments , as well as corporate/private equity .the firm 2019s wholesale businesses comprise the investment bank , commercial banking , treasury & securities services and asset management segments .the firm 2019s consumer businesses comprise the retail financial services and card services segments .a description of the firm 2019s business segments , and the products and services they pro- vide to their respective client bases , follows .investment bank j.p .morgan is one of the world 2019s leading investment banks , with deep client relationships and broad product capabilities .the investment bank 2019s clients are corporations , financial institutions , governments and institutional investors .the firm offers a full range of investment banking products and services in all major capital markets , including advising on corporate strategy and structure , cap- ital raising in equity and debt markets , sophisticated risk manage- ment , market-making in cash securities and derivative instruments , prime brokerage and research .the investment bank ( 201cib 201d ) also selectively commits the firm 2019s own capital to principal investing and trading activities .retail financial services retail financial services ( 201crfs 201d ) , which includes the retail banking and consumer lending reporting segments , serves consumers and businesses through personal service at bank branches and through atms , online banking and telephone banking as well as through auto dealerships and school financial aid offices .customers can use more than 5400 bank branches ( third-largest nationally ) and 14500 atms ( second-largest nationally ) as well as online and mobile bank- ing around the clock .more than 21400 branch salespeople assist .
|
in the retail segment , what is the average number of salespeople in each branch?
|
4
|
{
"answer": "4",
"decimal": 4,
"type": "float"
}
| |
38 2015 ppg annual report and form 10-k notes to the consolidated financial statements 1 .summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc .( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s .and non-u.s. , that it controls .ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls .for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests .investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting .as a result , ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in 201cinvestments 201d in the accompanying consolidated balance sheet .transactions between ppg and its subsidiaries are eliminated in consolidation .use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s .generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period .such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated .actual outcomes could differ from those estimates .revenue recognition the company recognizes revenue when the earnings process is complete .revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered .shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income .shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales , exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income .selling , general and administrative costs amounts presented as 201cselling , general and administrative 201d in the accompanying consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate- wide functional support in such areas as finance , law , human resources and planning .distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses , terminals and other distribution facilities .advertising costs advertising costs are expensed as incurred and totaled $ 324 million , $ 297 million and $ 235 million in 2015 , 2014 and 2013 , respectively .research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. .
[['( $ in millions )', '2015', '2014', '2013'], ['research and development 2013 total', '$ 505', '$ 509', '$ 479'], ['less depreciation on research facilities', '19', '17', '16'], ['research and development net', '$ 486', '$ 492', '$ 463']]
legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred .foreign currency translation the functional currency of most significant non-u.s .operations is their local currency .assets and liabilities of those operations are translated into u.s .dollars using year-end exchange rates ; income and expenses are translated using the average exchange rates for the reporting period .unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss , a separate component of shareholders 2019 equity .cash equivalents cash equivalents are highly liquid investments ( valued at cost , which approximates fair value ) acquired with an original maturity of three months or less .short-term investments short-term investments are highly liquid , high credit quality investments ( valued at cost plus accrued interest ) that have stated maturities of greater than three months to one year .the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows .marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .
|
did 2015 r&d costs exceed advertising costs?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
operating profit for the segment increased by 15% ( 15 % ) in 2005 compared to 2004 .operating profit increased by $ 80 million at m&fc mainly due to improved performance on fire control and air defense programs .performance on surface systems programs contributed to an increase in operating profit of $ 50 million at ms2 .pt&ts operating profit increased $ 10 million primarily due to improved performance on simulation and training programs .the increase in backlog during 2006 over 2005 resulted primarily from increased orders on certain platform integration programs in pt&ts .space systems space systems 2019 operating results included the following : ( in millions ) 2006 2005 2004 .
[['( in millions )', '2006', '2005', '2004'], ['net sales', '$ 7923', '$ 6820', '$ 6359'], ['operating profit', '746', '609', '489'], ['backlog at year-end', '18768', '15925', '16112']]
net sales for space systems increased by 16% ( 16 % ) in 2006 compared to 2005 .during the year , sales growth in satellites and strategic & defensive missile systems ( s&dms ) offset declines in space transportation .the $ 1.1 billion growth in satellites sales was mainly due to higher volume on both government and commercial satellite programs .there were five commercial satellite deliveries in 2006 compared to no deliveries in 2005 .higher volume in both fleet ballistic missile and missile defense programs accounted for the $ 114 million sales increase at s&dms .in space transportation , sales declined $ 102 million primarily due to lower volume in government space transportation activities on the titan and external tank programs .increased sales on the atlas evolved expendable launch vehicle launch capabilities ( elc ) contract partially offset the lower government space transportation sales .net sales for space systems increased by 7% ( 7 % ) in 2005 compared to 2004 .during the year , sales growth in satellites and s&dms offset declines in space transportation .the $ 410 million increase in satellites sales was due to higher volume on government satellite programs that more than offset declines in commercial satellite activities .there were no commercial satellite deliveries in 2005 , compared to four in 2004 .increased sales of $ 235 million in s&dms were attributable to the fleet ballistic missile and missile defense programs .the $ 180 million decrease in space transportation 2019s sales was mainly due to having three atlas launches in 2005 compared to six in 2004 .operating profit for the segment increased 22% ( 22 % ) in 2006 compared to 2005 .operating profit increased in satellites , space transportation and s&dms .the $ 72 million growth in satellites operating profit was primarily driven by the volume and performance on government satellite programs and commercial satellite deliveries .in space transportation , the $ 39 million growth in operating profit was attributable to improved performance on the atlas program resulting from risk reduction activities , including the first quarter definitization of the elc contract .in s&dms , the $ 26 million increase in operating profit was due to higher volume and improved performance on both the fleet ballistic missile and missile defense programs .operating profit for the segment increased 25% ( 25 % ) in 2005 compared to 2004 .operating profit increased in space transportation , s&dms and satellites .in space transportation , the $ 60 million increase in operating profit was primarily attributable to improved performance on the atlas vehicle program .satellites 2019 operating profit increased $ 35 million due to the higher volume and improved performance on government satellite programs , which more than offset the decreased operating profit due to the decline in commercial satellite deliveries .the $ 20 million increase in s&dms was attributable to higher volume on fleet ballistic missile and missile defense programs .in december 2006 , we completed a transaction with boeing to form ula , a joint venture which combines the production , engineering , test and launch operations associated with u.s .government launches of our atlas launch vehicles and boeing 2019s delta launch vehicles ( see related discussion on our 201cspace business 201d under 201cindustry considerations 201d ) .we are accounting for our investment in ula under the equity method of accounting .as a result , our share of the net earnings or losses of ula are included in other income and expenses , and we will no longer recognize sales related to launch vehicle services provided to the u.s .government .in 2006 , we recorded sales to the u.s .government for atlas launch services totaling approximately $ 600 million .we have retained the right to market commercial atlas launch services .we contributed assets to ula , and ula assumed liabilities related to our atlas business in exchange for our 50% ( 50 % ) ownership interest .the net book value of the assets contributed and liabilities assumed was approximately $ 200 million at .
|
what was the profit margin in 2004
|
7.7%
|
{
"answer": "7.7%",
"decimal": 0.077,
"type": "percentage"
}
| |
we have experienced disputes with customers and suppliers 2014such disputes may lead to increased tensions , damaged relationships or litigation which may result in the loss of a key customer or supplier .we have experienced certain conflicts or disputes with some of our customers and service providers .most of these disputes relate to the interpretation of terms in our contracts .while we seek to resolve such conflicts amicably and have generally resolved customer and supplier disputes on commercially reasonable terms , such disputes may lead to increased tensions and damaged relationships between ourselves and these entities , some of whom are key customers or suppliers of ours .in addition , if we are unable to resolve these differences amicably , we may be forced to litigate these disputes in order to enforce or defend our rights .there can be no assurances as to the outcome of these disputes .damaged relationships or litigation with our key customers or suppliers may lead to decreased revenues ( including as a result of losing a customer ) or increased costs , which could have a material adverse effect on us .our operations in australia expose us to changes in foreign currency exchange rates 2014we may suffer losses as a result of changes in such currency exchange rates .we conduct business in the u.s .and australia , which exposes us to fluctuations in foreign currency exchange rates .for the year ended december 31 , 2004 , approximately 7.5% ( 7.5 % ) of our consolidated revenues originated outside the u.s. , all of which were denominated in currencies other than u.s .dollars , principally australian dollars .we have not historically engaged in significant hedging activities relating to our non-u.s .dollar operations , and we may suffer future losses as a result of changes in currency exchange rates .internet access to reports we maintain an internet website at www.crowncastle.com .our annual reports on form 10-k , quarterly reports on form 10-q , and current reports on form 8-k ( and any amendments to those reports filed or furnished pursuant to section 13 ( a ) or 15 ( d ) of the securities exchange act of 1934 ) are made available , free of charge , through the investor relations section of our internet website at http://investor.crowncastle.com/edgar.cfm as soon as reasonably practicable after we electronically file such material with , or furnish it to , the securities and exchange commission .in addition , our corporate governance guidelines , business practices and ethics policy and the charters of our audit committee , compensation committee and nominating & corporate governance committees are available through the investor relations section of our internet website at http://investor.crowncastle.com/edgar.cfm , and such information is also available in print to any shareholder who requests it .item 2 .properties our principal corporate offices are located in houston , texas ; canonsburg , pennsylvania ; and sydney , australia .location property interest ( sq .ft. ) use .
[['location', 'property interest', 'size ( sq . ft. )', 'use'], ['canonsburg pa', 'owned', '124000', 'corporate office'], ['houston tx', 'leased', '24300', 'corporate office'], ['sydney australia', 'leased', '15527', 'corporate office']]
in the u.s. , we also lease and maintain five additional regional offices ( called 201carea offices 201d ) located in ( 1 ) albany , new york , ( 2 ) alpharetta , georgia , ( 3 ) charlotte , north carolina , ( 4 ) louisville , kentucky and ( 5 ) phoenix , arizona .the principal responsibilities of these offices are to manage the leasing of tower space on a local basis , maintain the towers already located in the region and service our customers in the area .as of december 31 , 2004 , 8816 of the sites on which our u.s .towers are located , or approximately 83% ( 83 % ) of our u.s .portfolio , were leased , subleased or licensed , while 1796 or approximately 17% ( 17 % ) were owned in fee or through .
|
about how many towers were leased or subleased in 2004?
|
7317 towers were leased or subleased in 2004
|
{
"answer": "7317 towers were leased or subleased in 2004",
"decimal": null,
"type": "open_ended_answer"
}
|
the total number of towers in the us are given in line 24 . to find the amount leased we multiple that by the percentage given in line 25 .
|
notes to consolidated financial statements jpmorgan chase & co./2009 annual report 204 on the amount of interest income recognized in the firm 2019s consolidated statements of income since that date .( b ) other changes in expected cash flows include the net impact of changes in esti- mated prepayments and reclassifications to the nonaccretable difference .on a quarterly basis , the firm updates the amount of loan principal and interest cash flows expected to be collected , incorporating assumptions regarding default rates , loss severities , the amounts and timing of prepayments and other factors that are reflective of current market conditions .probable decreases in expected loan principal cash flows trigger the recognition of impairment , which is then measured as the present value of the expected principal loss plus any related foregone interest cash flows discounted at the pool 2019s effective interest rate .impairments that occur after the acquisition date are recognized through the provision and allow- ance for loan losses .probable and significant increases in expected principal cash flows would first reverse any previously recorded allowance for loan losses ; any remaining increases are recognized prospectively as interest income .the impacts of ( i ) prepayments , ( ii ) changes in variable interest rates , and ( iii ) any other changes in the timing of expected cash flows are recognized prospectively as adjustments to interest income .disposals of loans , which may include sales of loans , receipt of payments in full by the borrower , or foreclosure , result in removal of the loan from the purchased credit-impaired portfolio .if the timing and/or amounts of expected cash flows on these purchased credit-impaired loans were determined not to be rea- sonably estimable , no interest would be accreted and the loans would be reported as nonperforming loans ; however , since the timing and amounts of expected cash flows for these purchased credit-impaired loans are reasonably estimable , interest is being accreted and the loans are being reported as performing loans .charge-offs are not recorded on purchased credit-impaired loans until actual losses exceed the estimated losses that were recorded as purchase accounting adjustments at acquisition date .to date , no charge-offs have been recorded for these loans .purchased credit-impaired loans acquired in the washington mu- tual transaction are reported in loans on the firm 2019s consolidated balance sheets .in 2009 , an allowance for loan losses of $ 1.6 billion was recorded for the prime mortgage and option arm pools of loans .the net aggregate carrying amount of the pools that have an allowance for loan losses was $ 47.2 billion at december 31 , 2009 .this allowance for loan losses is reported as a reduction of the carrying amount of the loans in the table below .the table below provides additional information about these pur- chased credit-impaired consumer loans. .
[['december 31 ( in millions )', '2009', '2008'], ['outstanding balance ( a )', '$ 103369', '$ 118180'], ['carrying amount', '79664', '88813']]
( a ) represents the sum of contractual principal , interest and fees earned at the reporting date .purchased credit-impaired loans are also being modified under the mha programs and the firm 2019s other loss mitigation programs .for these loans , the impact of the modification is incorporated into the firm 2019s quarterly assessment of whether a probable and/or signifi- cant change in estimated future cash flows has occurred , and the loans continue to be accounted for as and reported as purchased credit-impaired loans .foreclosed property the firm acquires property from borrowers through loan restructur- ings , workouts , and foreclosures , which is recorded in other assets on the consolidated balance sheets .property acquired may include real property ( e.g. , land , buildings , and fixtures ) and commercial and personal property ( e.g. , aircraft , railcars , and ships ) .acquired property is valued at fair value less costs to sell at acquisition .each quarter the fair value of the acquired property is reviewed and adjusted , if necessary .any adjustments to fair value in the first 90 days are charged to the allowance for loan losses and thereafter adjustments are charged/credited to noninterest revenue 2013other .operating expense , such as real estate taxes and maintenance , are charged to other expense .note 14 2013 allowance for credit losses the allowance for loan losses includes an asset-specific component , a formula-based component and a component related to purchased credit-impaired loans .the asset-specific component relates to loans considered to be impaired , which includes any loans that have been modified in a troubled debt restructuring as well as risk-rated loans that have been placed on nonaccrual status .an asset-specific allowance for impaired loans is established when the loan 2019s discounted cash flows ( or , when available , the loan 2019s observable market price ) is lower than the recorded investment in the loan .to compute the asset-specific component of the allowance , larger loans are evaluated individually , while smaller loans are evaluated as pools using historical loss experience for the respective class of assets .risk-rated loans ( primarily wholesale loans ) are pooled by risk rating , while scored loans ( i.e. , consumer loans ) are pooled by product type .the firm generally measures the asset-specific allowance as the difference between the recorded investment in the loan and the present value of the cash flows expected to be collected , dis- counted at the loan 2019s original effective interest rate .subsequent changes in measured impairment due to the impact of discounting are reported as an adjustment to the provision for loan losses , not as an adjustment to interest income .an asset-specific allowance for an impaired loan with an observable market price is measured as the difference between the recorded investment in the loan and the loan 2019s fair value .certain impaired loans that are determined to be collateral- dependent are charged-off to the fair value of the collateral less costs to sell .when collateral-dependent commercial real-estate loans are determined to be impaired , updated appraisals are typi- cally obtained and updated every six to twelve months .the firm also considers both borrower- and market-specific factors , which .
|
what was the percent of the pur- chased credit-impaired consumer loans carrying amount to the outstanding balance
|
77.1%
|
{
"answer": "77.1%",
"decimal": 0.7709999999999999,
"type": "percentage"
}
| |
royal caribbean cruises ltd .15 from two to 17 nights throughout south america , the caribbean and europe .additionally , we announced that majesty of the seas will be redeployed from royal caribbean international to pullmantur in 2016 .pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise mar- kets .pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children .over the last few years , pullmantur has systematically increased its focus on latin america and has expanded its pres- ence in that market .in order to facilitate pullmantur 2019s ability to focus on its core cruise business , on march 31 , 2014 , pullmantur sold the majority of its interest in its non-core busi- nesses .these non-core businesses included pullmantur 2019s land-based tour operations , travel agency and 49% ( 49 % ) interest in its air business .in connection with the sale agreement , we retained a 19% ( 19 % ) interest in each of the non-core businesses as well as 100% ( 100 % ) ownership of the aircraft which are being dry leased to pullmantur air .see note 1 .general and note 6 .other assets to our consolidated financial statements under item 8 .financial statements and supplementary data for further details .cdf croisi e8res de france we currently operate two ships with an aggregate capacity of approximately 2800 berths under our cdf croisi e8res de france brand .cdf croisi e8res de france offers seasonal itineraries to the mediterranean , europe and caribbean .during the winter season , zenith is deployed to the pullmantur brand for sailings in south america .cdf croisi e8res de france is designed to serve the contemporary segment of the french cruise market by providing a brand tailored for french cruise guests .tui cruises tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping com- pany , and is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests .all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market .tui cruises operates three ships , mein schiff 1 , mein schiff 2 and mein schiff 3 , with an aggregate capacity of approximately 6300 berths .in addition , tui cruises currently has three newbuild ships on order at the finnish meyer turku yard with an aggregate capacity of approximately 7500 berths : mein schiff 4 , scheduled for delivery in the second quarter of 2015 , mein schiff 5 , scheduled for delivery in the third quarter of 2016 and mein schiff 6 , scheduled for delivery in the second quarter of 2017 .in november 2014 , we formed a strategic partnership with ctrip.com international ltd .( 201cctrip 201d ) , a chinese travel service provider , to operate a new cruise brand known as skysea cruises .skysea cruises will offer a custom-tailored product for chinese cruise guests operating the ship purchased from celebrity cruises .the new cruise line will begin service in the second quarter of 2015 .we and ctrip each own 35% ( 35 % ) of the new company , skysea holding , with the balance being owned by skysea holding management and a private equity fund .industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long term in the european market and a developing but promising sector in several other emerging markets .industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers .we believe this presents an opportunity for long-term growth and a potential for increased profitability .the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) .
[['year', 'north america ( 1 )', 'europe ( 2 )'], ['2010', '3.1% ( 3.1 % )', '1.1% ( 1.1 % )'], ['2011', '3.4% ( 3.4 % )', '1.1% ( 1.1 % )'], ['2012', '3.3% ( 3.3 % )', '1.2% ( 1.2 % )'], ['2013', '3.4% ( 3.4 % )', '1.2% ( 1.2 % )'], ['2014', '3.5% ( 3.5 % )', '1.3% ( 1.3 % )']]
( 1 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and cruise lines international association ( 201cclia 201d ) .rates are based on cruise guests carried for at least two consecutive nights .includes the united states of america and canada .( 2 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and clia europe , formerly european cruise council .we estimate that the global cruise fleet was served by approximately 457000 berths on approximately 283 ships at the end of 2014 .there are approximately 33 ships with an estimated 98650 berths that are expected to be placed in service in the global cruise market between 2015 and 2019 , although it is also possible that ships could be ordered or taken out of service during these periods .we estimate that the global cruise industry carried 22.0 million cruise guests in 2014 compared to 21.3 million cruise guests carried in 2013 and 20.9 million cruise guests carried in 2012 .part i .
|
how many berths per ship , to the nearest whole number , should be expected in global cruise market between 2015-2019 , assuming each ship has the same amount?
|
2989
|
{
"answer": "2989",
"decimal": 2989,
"type": "float"
}
|
rounding to nearest whole number , down to 2989
|
hologic , inc .notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) the aggregate purchase price for suros of approximately $ 248000 ( subject to adjustment ) consisted of 2300 shares of hologic common stock valued at $ 106500 , cash paid of $ 139000 , and approximately $ 2600 for acquisition related fees and expenses .the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no .99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination .the components and allocation of the purchase price , consists of the following approximate amounts: .
[['net tangible assets acquired as of july 27 2006', '$ 12000'], ['in-process research and development', '4900'], ['developed technology and know how', '46000'], ['customer relationship', '17900'], ['trade name', '5800'], ['deferred income taxes', '-21300 ( 21300 )'], ['goodwill', '182800'], ['estimated purchase price', '$ 248100']]
the acquisition also provides for a two-year earn out .the earn-out will be payable in two annual cash installments equal to the incremental revenue growth in suros 2019 business in the two years following the closing .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 .as a result , goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable .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 lists , trademarks and developed technology had separately identifiable values .customer relationships represents suros large installed base that are expected to purchase disposable products on a regular basis .trademarks represent the suros product names that the company intends to continue to use .developed technology 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 are of various stages of completion and include next generation handpiece and site marker technologies .the company expects that these projects will be completed during fiscal 2007 .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 , 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 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 each of fiscal 2006 and 2005 .
|
what percentage of the estimated purchase price is due to developed technology and know how?
|
19%
|
{
"answer": "19%",
"decimal": 0.19,
"type": "percentage"
}
| |
the following table summarizes the changes in the total amounts of unrealized tax benefits for fiscal 2009 through fiscal 2011. .
[['balance november 1 2008', '$ 13750'], ['additions for tax positions of 2009', '4411'], ['balance october 31 2009', '18161'], ['additions for tax positions of 2010', '286'], ['balance october 30 2010', '$ 18447'], ['additions for tax positions related to prior years', '9265'], ['reductions for tax positions related to prior years', '-17677 ( 17677 )'], ['settlements with taxing authorities', '-370 ( 370 )'], ['balance october 29 2011', '$ 9665']]
fiscal years 2004 and 2005 irs examination during the fourth quarter of fiscal 2007 , the internal revenue service ( irs ) completed its field examination of the company 2019s fiscal years 2004 and 2005 .on january 2 , 2008 , the irs issued its report for fiscal 2004 and 2005 , which included four proposed adjustments related to these two fiscal years that the company protested to the irs appeals office .two of the unresolved matters were one-time issues that pertain to section 965 of the internal revenue code related to the beneficial tax treatment of dividends paid from foreign owned companies under the american jobs creation act .the other matters pertained to the computation of the research and development ( r&d ) tax credit and certain profits earned from manufacturing activities carried on outside the united states .the company recorded a tax liability for a portion of the proposed r&d tax credit adjustment .these four items had an additional potential tax liability of $ 46 million .the company concluded , based on discussions with its tax advisors , that these items were not likely to result in any additional tax liability .therefore , the company did not record a tax liability for these items .during the second quarter of fiscal 2011 , the company reached settlement with the irs appeals office on three of the four items under protest .the remaining unresolved matter is a one-time issue pertaining to section 965 of the internal revenue code related to the beneficial tax treatment of dividends from foreign owned companies under the american jobs creation act .the company will file a petition with the tax court with respect to this open matter .the potential liability for this adjustment is $ 36.5 million .the company has concluded , based on discussions with its tax advisors , that this item is not likely to result in any additional tax liability .therefore , the company has not recorded any additional tax liability for this issue .fiscal years 2006 and 2007 irs examination during the third quarter of fiscal 2009 , the irs completed its field examination of the company 2019s fiscal years 2006 and 2007 .the irs and the company agreed on the treatment of a number of issues that have been included in an issue resolutions agreement related to the 2006 and 2007 tax returns .however , no agreement was reached on the tax treatment of a number of issues for the fiscal 2006 and fiscal 2007 years , including the same r&d tax credit and foreign manufacturing issues mentioned above related to fiscal 2004 and 2005 , the pricing of intercompany sales ( transfer pricing ) and the deductibility of certain stock option compensation expenses .the company recorded taxes related to a portion of the proposed r&d tax credit adjustment .these four items had an additional potential total tax liability of $ 195 million .the company concluded , based on discussions with its tax advisors that these items were not likely to result in any additional tax liability .therefore , the company did not record any additional tax liability for these items and appealed these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers .during the second quarter of fiscal 2011 , the company reached an agreement with the irs appeals office on three of the four protested items , two of which were the same issues settled relating to the 2004 and 2005 fiscal years .transfer pricing remained as the only item under protest with the irs appeals office related to the fiscal analog devices , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what is the net change in unrealized tax benefits from 2008 to 2011?
|
-4085
|
{
"answer": "-4085",
"decimal": -4085,
"type": "float"
}
| |
part i item 1 entergy corporation , utility operating companies , and system energy including the continued effectiveness of the clean energy standards/zero emissions credit program ( ces/zec ) , the establishment of certain long-term agreements on acceptable terms with the energy research and development authority of the state of new york in connection with the ces/zec program , and nypsc approval of the transaction on acceptable terms , entergy refueled the fitzpatrick plant in january and february 2017 .in october 2015 , entergy determined that it would close the pilgrim plant .the decision came after management 2019s extensive analysis of the economics and operating life of the plant following the nrc 2019s decision in september 2015 to place the plant in its 201cmultiple/repetitive degraded cornerstone column 201d ( column 4 ) of its reactor oversight process action matrix .the pilgrim plant is expected to cease operations on may 31 , 2019 , after refueling in the spring of 2017 and operating through the end of that fuel cycle .in december 2015 , entergy wholesale commodities closed on the sale of its 583 mw rhode island state energy center ( risec ) , in johnston , rhode island .the base sales price , excluding adjustments , was approximately $ 490 million .entergy wholesale commodities purchased risec for $ 346 million in december 2011 .in december 2016 , entergy announced that it reached an agreement with consumers energy to terminate the ppa for the palisades plant on may 31 , 2018 .pursuant to the ppa termination agreement , consumers energy will pay entergy $ 172 million for the early termination of the ppa .the ppa termination agreement is subject to regulatory approvals .separately , and assuming regulatory approvals are obtained for the ppa termination agreement , entergy intends to shut down the palisades nuclear power plant permanently on october 1 , 2018 , after refueling in the spring of 2017 and operating through the end of that fuel cycle .entergy expects to enter into a new ppa with consumers energy under which the plant would continue to operate through october 1 , 2018 .in january 2017 , entergy announced that it reached a settlement with new york state to shut down indian point 2 by april 30 , 2020 and indian point 3 by april 30 , 2021 , and resolve all new york state-initiated legal challenges to indian point 2019s operating license renewal .as part of the settlement , new york state has agreed to issue indian point 2019s water quality certification and coastal zone management act consistency certification and to withdraw its objection to license renewal before the nrc .new york state also has agreed to issue a water discharge permit , which is required regardless of whether the plant is seeking a renewed nrc license .the shutdowns are conditioned , among other things , upon such actions being taken by new york state .even without opposition , the nrc license renewal process is expected to continue at least into 2018 .with the settlement concerning indian point , entergy now has announced plans for the disposition of all of the entergy wholesale commodities nuclear power plants , including the sales of vermont yankee and fitzpatrick , and the earlier than previously expected shutdowns of pilgrim , palisades , indian point 2 , and indian point 3 .see 201centergy wholesale commodities exit from the merchant power business 201d for further discussion .property nuclear generating stations entergy wholesale commodities includes the ownership of the following nuclear power plants : power plant market service year acquired location capacity - reactor type license expiration .
[['power plant', 'market', 'in service year', 'acquired', 'location', 'capacity - reactor type', 'license expiration date'], ['pilgrim ( a )', 'is0-ne', '1972', 'july 1999', 'plymouth ma', '688 mw - boiling water', '2032 ( a )'], ['fitzpatrick ( b )', 'nyiso', '1975', 'nov . 2000', 'oswego ny', '838 mw - boiling water', '2034 ( b )'], ['indian point 3 ( c )', 'nyiso', '1976', 'nov . 2000', 'buchanan ny', '1041 mw - pressurized water', '2015 ( c )'], ['indian point 2 ( c )', 'nyiso', '1974', 'sept . 2001', 'buchanan ny', '1028 mw - pressurized water', '2013 ( c )'], ['vermont yankee ( d )', 'is0-ne', '1972', 'july 2002', 'vernon vt', '605 mw - boiling water', '2032 ( d )'], ['palisades ( e )', 'miso', '1971', 'apr . 2007', 'covert mi', '811 mw - pressurized water', '2031 ( e )']]
.
|
how many years did it take to close the pilgrim plant after after its last refueling?
|
2
|
{
"answer": "2",
"decimal": 2,
"type": "float"
}
| |
the target awards for the other named executive officers were set as follows : joseph f .domino , ceo - entergy texas ( 50% ( 50 % ) ) ; hugh t .mcdonald , ceo - entergy arkansas ( 50% ( 50 % ) ) ; haley fisackerly , ceo - entergy mississippi ( 40% ( 40 % ) ) ; william m .mohl ( 60% ( 60 % ) ) , ceo - entergy gulf states and entergy louisiana ; charles l .rice , jr .( 40% ( 40 % ) ) , ceo - entergy new orleans and theodore h .bunting , jr .- principal accounting officer - the subsidiaries ( 60% ( 60 % ) ) .the target awards for the named executive officers ( other than entergy named executive officers ) were set by their respective supervisors ( subject to ultimate approval of entergy 2019s chief executive officer ) who allocated a potential incentive pool established by the personnel committee among various of their direct and indirect reports .in setting the target awards , the supervisor took into account considerations similar to those used by the personnel committee in setting the target awards for entergy 2019s named executive officers .target awards are set based on an executive officer 2019s current position and executive management level within the entergy organization .executive management levels at entergy range from level 1 thorough level 4 .mr .denault and mr .taylor hold positions in level 2 whereas mr .bunting and mr .mohl hold positions in level 3 and mr .domino , mr .fisackerly , mr .mcdonald and mr .rice hold positions in level 4 .accordingly , their respective incentive targets differ one from another based on the external market data developed by the committee 2019s independent compensation consultant and the other factors noted above .in december 2010 , the committee determined the executive incentive plan targets to be used for purposes of establishing annual bonuses for 2011 .the committee 2019s determination of the target levels was made after full board review of management 2019s 2011 financial plan for entergy corporation , upon recommendation of the finance committee , and after the committee 2019s determination that the established targets aligned with entergy corporation 2019s anticipated 2011 financial performance as reflected in the financial plan .the targets established to measure management performance against as reported results were: .
[['', 'minimum', 'target', 'maximum'], ['earnings per share ( $ )', '$ 6.10', '$ 6.60', '$ 7.10'], ['operating cash flow ( $ in billions )', '$ 2.97', '$ 3.35', '$ 3.70']]
operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 .in accordance with the terms of the annual incentive plan , in january 2012 , the personnel committee certified the 2012 entergy achievement multiplier at 128% ( 128 % ) of target .under the terms of the management effectiveness program , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive if the pre- established underlying performance goals established by the personnel committee are satisfied at the end of the performance period , 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 a mechanism to take into consideration specific achievement factors relating to the overall performance of entergy corporation .in january 2012 , the committee eliminated the management effectiveness factor with respect to the 2011 incentive awards , 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 awards for the named executive officers ( other than mr .leonard , mr .denault and mr .taylor ) are awarded from an incentive pool approved by the committee .from this pool , each named executive officer 2019s 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 2019s chief executive officer. .
|
what is actual earnings per share reported for 2011?
|
7.55
|
{
"answer": "7.55",
"decimal": 7.55,
"type": "float"
}
| |
the table below summarizes activity of rsus with performance conditions for the year ended december 31 , shares ( in thousands ) weighted average grant date fair value ( per share ) .
[['', 'shares ( in thousands )', 'weightedaverage grantdate fair value ( per share )'], ['non-vested total as of december 31 2016', '309', '$ 55.94'], ['granted', '186', '63.10'], ['vested', '-204 ( 204 )', '46.10'], ['forfeited', '-10 ( 10 )', '70.50'], ['non-vested total as of december 31 2017', '281', '$ 67.33']]
as of december 31 , 2017 , $ 6 million of total unrecognized compensation cost related to the nonvested rsus , with and without performance conditions , is expected to be recognized over the weighted-average remaining life of 1.5 years .the total fair value of rsus , with and without performance conditions , vested was $ 16 million , $ 14 million and $ 12 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .if dividends are paid with respect to shares of the company 2019s common stock before the rsus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus were shares of company common stock .when the rsus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued .the company accrued dividend equivalents totaling less than $ 1 million , $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in stockholders 2019 equity for the years ended december 31 , 2017 , 2016 and 2015 , respectively .employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three-month purchase period .on february 15 , 2017 , the board adopted the american water works company , inc .and its designated subsidiaries 2017 nonqualified employee stock purchase plan , which was approved by stockholders on may 12 , 2017 and took effect on august 5 , 2017 .the prior plan was terminated as to new purchases of company stock effective august 31 , 2017 .as of december 31 , 2017 , there were 2.0 million shares of common stock reserved for issuance under the espp .the espp is considered compensatory .during the years ended december 31 , 2017 , 2016 and 2015 , the company issued 93 thousand , 93 thousand and 98 thousand shares , respectively , under the espp. .
|
based on the weighted average grant date fair value ( per share ) , what was the total granted rsu cost during 2017?
|
$ 11736600.00
|
{
"answer": "$ 11736600.00",
"decimal": 11736600,
"type": "money"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements six-month offering period .the weighted average fair value per share of espp share purchase options during the year ended december 31 , 2014 , 2013 and 2012 was $ 14.83 , $ 13.42 and $ 13.64 , respectively .at december 31 , 2014 , 3.4 million shares remain reserved for future issuance under the plan .key assumptions used to apply the black-scholes pricing model for shares purchased through the espp for the years ended december 31 , are as follows: .
[['', '2014', '2013', '2012'], ['range of risk-free interest rate', '0.06% ( 0.06 % ) 2013 0.11% ( 0.11 % )', '0.07% ( 0.07 % ) 2013 0.13% ( 0.13 % )', '0.05% ( 0.05 % ) 2013 0.12% ( 0.12 % )'], ['weighted average risk-free interest rate', '0.09% ( 0.09 % )', '0.10% ( 0.10 % )', '0.08% ( 0.08 % )'], ['expected life of shares', '6 months', '6 months', '6 months'], ['range of expected volatility of underlying stock price over the option period', '11.29% ( 11.29 % ) 2013 16.59% ( 16.59 % )', '12.21% ( 12.21 % ) 2013 13.57% ( 13.57 % )', '33.16% ( 33.16 % ) 2013 33.86% ( 33.86 % )'], ['weighted average expected volatility of underlying stock price', '14.14% ( 14.14 % )', '12.88% ( 12.88 % )', '33.54% ( 33.54 % )'], ['expected annual dividend yield', '1.50% ( 1.50 % )', '1.50% ( 1.50 % )', '1.50% ( 1.50 % )']]
16 .equity mandatory convertible preferred stock offering 2014on may 12 , 2014 , the company completed a registered public offering of 6000000 shares of its 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , par value $ 0.01 per share ( the 201cmandatory convertible preferred stock 201d ) .the net proceeds of the offering were $ 582.9 million after deducting commissions and estimated expenses .the company used the net proceeds from this offering to fund acquisitions , including the acquisition from richland , initially funded by indebtedness incurred under the 2013 credit facility .unless converted earlier , each share of the mandatory convertible preferred stock will automatically convert on may 15 , 2017 , into between 0.9174 and 1.1468 shares of common stock , depending on the applicable market value of the common stock and subject to anti-dilution adjustments .subject to certain restrictions , at any time prior to may 15 , 2017 , holders of the mandatory convertible preferred stock may elect to convert all or a portion of their shares into common stock at the minimum conversion rate then in effect .dividends on shares of mandatory convertible preferred stock are payable on a cumulative basis when , as and if declared by the company 2019s board of directors ( or an authorized committee thereof ) at an annual rate of 5.25% ( 5.25 % ) on the liquidation preference of $ 100.00 per share , on february 15 , may 15 , august 15 and november 15 of each year , commencing on august 15 , 2014 to , and including , may 15 , 2017 .the company may pay dividends in cash or , subject to certain limitations , in shares of common stock or any combination of cash and shares of common stock .the terms of the mandatory convertible preferred stock provide that , unless full cumulative dividends have been paid or set aside for payment on all outstanding mandatory convertible preferred stock for all prior dividend periods , no dividends may be declared or paid on common stock .stock repurchase program 2014in march 2011 , the board of directors approved a stock repurchase program , pursuant to which the company is authorized to purchase up to $ 1.5 billion of common stock ( 201c2011 buyback 201d ) .in september 2013 , the company temporarily suspended repurchases in connection with its acquisition of mipt .under the 2011 buyback , the company is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices in accordance with securities laws and other legal requirements , and subject to market conditions and other factors .to facilitate repurchases , the company .
|
what is the growth rate in the weighted average fair value per share of espp share purchase options from 2013 to 2014?
|
10.5%
|
{
"answer": "10.5%",
"decimal": 0.105,
"type": "percentage"
}
| |
14 .accounting for certain long-lived assets eog reviews its proved oil and gas properties for impairment purposes by comparing the expected undiscounted future cash flows at a depreciation , depletion and amortization group level to the unamortized capitalized cost of the asset .the carrying rr values for assets determined to be impaired were adjusted to estimated fair value using the income approach described in the fair value measurement topic of the asc .in certain instances , eog utilizes accepted offers from third-party purchasers as the basis for determining fair value .during 2017 , proved oil and gas properties with a carrying amount of $ 370 million were written down to their fair value of $ 146 million , resulting in pretax impairment charges of $ 224 million .during 2016 , proved oil and gas properties with a carrying rr amount of $ 643 million were written down to their fair value of $ 527 million , resulting in pretax impairment charges of $ 116 million .impairments in 2017 , 2016 and 2015 included domestic legacy natural gas assets .amortization and impairments of unproved oil and gas property costs , including amortization of capitalized interest , were $ 211 million , $ 291 million and $ 288 million during 2017 , 2016 and 2015 , respectively .15 .asset retirement obligations the following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property , plant and equipment for the years ended december 31 , 2017 and 2016 ( in thousands ) : .
[['', '2017', '2016'], ['carrying amount at beginning of period', '$ 912926', '$ 811554'], ['liabilities incurred ( 1 )', '54764', '212739'], ['liabilities settled ( 2 )', '-61871 ( 61871 )', '-94800 ( 94800 )'], ['accretion', '34708', '32306'], ['revisions', '-9818 ( 9818 )', '-38286 ( 38286 )'], ['foreign currency translations', '16139', '-10587 ( 10587 )'], ['carrying amount at end of period', '$ 946848', '$ 912926'], ['current portion', '$ 19259', '$ 18516'], ['noncurrent portion', '$ 927589', '$ 894410']]
( 1 ) includes $ 164 million in 2016 related to yates transaction ( see note 17 ) .( 2 ) includes settlements related to asset sales .the current and noncurrent portions of eog's asset retirement obligations are included in current liabilities - other and other liabilities , respectively , on the consolidated balance sheets. .
|
considering the years 2016 and 2017 , what is the average current portion?
|
18887.5
|
{
"answer": "18887.5",
"decimal": 18887.5,
"type": "float"
}
|
it is the sum of both current portion's value divided by two .
|
2 0 0 8 a n n u a l r e p o r t stock performance graph the following graph sets forth the performance of our series a common , series b common stock , and series c common stock for the period september 18 , 2008 through december 31 , 2008 as compared with the performance of the standard and poor 2019s 500 index and a peer group index which consists of the walt disney company , time warner inc. , cbs corporation class b common stock , viacom , inc .class b common stock , news corporation class a common stock , and scripps network interactive , inc .the graph assumes $ 100 originally invested on september 18 , 2006 and that all subsequent dividends were reinvested in additional shares .september 18 , september 30 , december 31 , 2008 2008 2008 .
[['', 'september 18 2008', 'september 30 2008', 'december 31 2008'], ['disca', '$ 100.00', '$ 103.19', '$ 102.53'], ['discb', '$ 100.00', '$ 105.54', '$ 78.53'], ['disck', '$ 100.00', '$ 88.50', '$ 83.69'], ['s&p 500', '$ 100.00', '$ 96.54', '$ 74.86'], ['peer group', '$ 100.00', '$ 92.67', '$ 68.79']]
s&p 500 peer group .
|
how much did the s&p 500 index decline in the fourth quarter?
|
29%
|
{
"answer": "29%",
"decimal": 0.29,
"type": "percentage"
}
| |
notes to consolidated financial statements 2014 ( continued ) merchant acquiring business in the united kingdom to the partnership .in addition , hsbc uk entered into a ten-year marketing alliance with the partnership in which hsbc uk will refer customers to the partnership for payment processing services in the united kingdom .on june 23 , 2008 , we entered into a new five year , $ 200 million term loan to fund a portion of the acquisition .we funded the remaining purchase price with excess cash and our existing credit facilities .the term loan bears interest , at our election , at the prime rate or london interbank offered rate plus a margin based on our leverage position .as of july 1 , 2008 , the interest rate on the term loan was 3.605% ( 3.605 % ) .the term loan calls for quarterly principal payments of $ 5 million beginning with the quarter ending august 31 , 2008 and increasing to $ 10 million beginning with the quarter ending august 31 , 2010 and $ 15 million beginning with the quarter ending august 31 , 2011 .the partnership agreement includes provisions pursuant to which hsbc uk may compel us to purchase , at fair value , additional membership units from hsbc uk ( the 201cput option 201d ) .hsbc uk may exercise the put option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter .by exercising the put option , hsbc uk can require us to purchase , on an annual basis , up to 15% ( 15 % ) of the total membership units .additionally , on the tenth anniversary of closing and each tenth anniversary thereafter , hsbc uk may compel us to purchase all of their membership units at fair value .while not redeemable until june 2013 , we estimate the maximum total redemption amount of the minority interest under the put option would be $ 421.4 million , as of may 31 , 2008 .the purpose of this acquisition was to establish a presence in the united kingdom .the key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and hsbc uk 2019s market share and retail presence in the united kingdom .the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples .the purchase price totaled $ 441.1 million , consisting of $ 438.6 million cash consideration plus $ 2.5 million of direct out of pocket costs .the acquisition has been recorded using the purchase method of accounting , and , accordingly , the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition .the following table summarizes the preliminary purchase price allocation: .
[['', 'total'], ['goodwill', '$ 294741'], ['customer-related intangible assets', '116920'], ['contract-based intangible assets', '13437'], ['trademark', '2204'], ['property and equipment', '26955'], ['other current assets', '100'], ['total assets acquired', '454357'], ['minority interest in equity of subsidiary ( at historical cost )', '-13257 ( 13257 )'], ['net assets acquired', '$ 441100']]
due to the recent timing of the transaction , the allocation of the purchase price is preliminary .all of the goodwill associated with the acquisition is expected to be deductible for tax purposes .the customer-related intangible assets have amortization periods of up to 13 years .the contract-based intangible assets have amortization periods of 7 years .the trademark has an amortization period of 5 years. .
|
what is the total amount of principle payment paid from 2008 to 2011?
|
$ 30 million
|
{
"answer": "$ 30 million",
"decimal": 30000000,
"type": "money"
}
|
to find the total amount of payments one must check line 7 and added up all the years from 2008 to 2011 .
|
vertex pharmaceuticals incorporated notes to consolidated financial statements ( continued ) o .significant revenue arrangements ( continued ) $ 7 million of development and commercialization milestone payments .additionally , kissei agreed to reimburse the company for certain development costs , including a portion of costs for phase 2 trials of vx-702 .research funding ended under this program in june 2000 , and the company has received the full amount of research funding specified under the agreement .kissei has exclusive rights to develop and commercialize vx-702 in japan and certain far east countries and co-exclusive rights in china , taiwan and south korea .the company retains exclusive marketing rights outside the far east and co-exclusive rights in china , taiwan and south korea .in addition , the company will have the right to supply bulk drug material to kissei for sale in its territory and will receive royalties or drug supply payments on future product sales , if any .in 2006 , 2005 and 2004 , approximately $ 6.4 million , $ 7.3 million and $ 3.5 million , respectively , was recognized as revenue under this agreement .the $ 7.3 million of revenue recognized in 2005 includes a $ 2.5 million milestone paid upon kissei 2019s completion of regulatory filings in preparation for phase 1 clinical development of vx-702 in japan .p .employee benefits the company has a 401 ( k ) retirement plan ( the 201cvertex 401 ( k ) plan 201d ) in which substantially all of its permanent employees are eligible to participate .participants may contribute up to 60% ( 60 % ) of their annual compensation to the vertex 401 ( k ) plan , subject to statutory limitations .the company may declare discretionary matching contributions to the vertex 401 ( k ) plan that are payable in the form of vertex common stock .the match is paid in the form of fully vested interests in a vertex common stock fund .employees have the ability to transfer funds from the company stock fund as they choose .the company declared matching contributions to the vertex 401 ( k ) plan as follows ( in thousands ) : q .related party transactions as of december 31 , 2006 , 2005 and 2004 , the company had a loan outstanding to a former officer of the company in the amount of $ 36000 , $ 36000 , $ 97000 , respectively , which was initially advanced in april 2002 .the loan balance is included in other assets on the consolidated balance sheets .in 2001 , the company entered into a four year consulting agreement with a director of the company for the provision of part-time consulting services over a period of four years , at the rate of $ 80000 per year commencing in january 2002 .the consulting agreement terminated in january 2006 .r .contingencies the company has certain contingent liabilities that arise in the ordinary course of its business activities .the company accrues a reserve for contingent liabilities when it is probable that future expenditures will be made and such expenditures can be reasonably estimated. .
[['', '2006', '2005', '2004'], ['discretionary matching contributions during the year ended december 31,', '$ 3341', '$ 2894', '$ 2492'], ['shares issued during the year ended december 31,', '91', '215', '239'], ['shares issuable as of the year ended december 31,', '28', '19', '57']]
discretionary matching contributions during the year ended december 31 , $ 3341 $ 2894 $ 2492 shares issued during the year ended december 31 , 91 215 239 shares issuable as of the year ended december 31 , 28 19 57 .
|
what is the percent change in share issuable between the end of 2006 and the end of 2005?
|
47%
|
{
"answer": "47%",
"decimal": 0.47,
"type": "percentage"
}
| |
part i berths at the end of 2011 .there are approximately 10 ships with an estimated 34000 berths that are expected to be placed in service in the north american cruise market between 2012 and 2016 .europe in europe , cruising represents a smaller but growing sector of the vacation industry .it has experienced a compound annual growth rate in cruise guests of approximately 9.6% ( 9.6 % ) from 2007 to 2011 and we believe this market has significant continued growth poten- tial .we estimate that europe was served by 104 ships with approximately 100000 berths at the beginning of 2007 and by 121 ships with approximately 155000 berths at the end of 2011 .there are approximately 10 ships with an estimated 28000 berths that are expected to be placed in service in the european cruise market between 2012 and 2016 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests ( 3 ) weighted-average supply of berths marketed in europe ( 1 ) .
[['year', 'global cruiseguests ( 1 )', 'weighted-averagesupplyofberthsmarketedglobally ( 1 )', 'northamericancruiseguests ( 2 )', 'weighted-average supply ofberths marketedin northamerica ( 1 )', 'europeancruiseguests', 'weighted-averagesupply ofberthsmarketed ineurope ( 1 )'], ['2007', '16586000', '327000', '10247000', '212000', '4080000', '105000'], ['2008', '17184000', '347000', '10093000', '219000', '4500000', '120000'], ['2009', '17340000', '363000', '10198000', '222000', '5000000', '131000'], ['2010', '18800000', '391000', '10781000', '232000', '5540000', '143000'], ['2011', '20227000', '412000', '11625000', '245000', '5894000', '149000']]
( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association .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 2007 through 2010 .year 2011 amounts represent our estimates ( see number 1 above ) .( 3 ) source : european cruise council for years 2007 through 2010 .year 2011 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , 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 .we compete with a number of cruise lines ; however , our principal 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 consum- ers 2019 leisure time .demand for such activities is influ- enced by political and general economic conditions .companies 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 while continuing to expand and diversify our guest mix through interna- tional guest sourcing , and ensure adequate cash and liquidity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , our brands throughout the world , revitalization of existing ships and the transfer of key innovations across each brand , while expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , support ongoing operations and initiatives , and the principal industry distribution channel , while enhancing our consumer outreach programs. .
|
what is the annual average of berths per ship , from 2012-2016 , that are expected to be placed in service in the north american cruise market?
|
85
|
{
"answer": "85",
"decimal": 85,
"type": "float"
}
| |
allows us to repurchase shares at times when we may otherwise be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .subject to applicable regulations , we may elect to amend or cancel this repurchase program or the share repurchase parameters at our discretion .as of december 31 , 2018 , we have repurchased an aggregate of 4510000 shares of common stock under this program .credit facilities and short-term debt we have an unsecured revolving credit facility of $ 2.25 billion that expires in june 2023 .in march 2018 , awcc and its lenders amended and restated the credit agreement with respect to awcc 2019s revolving credit facility to increase the maximum commitments under the facility from $ 1.75 billion to $ 2.25 billion , and to extend the expiration date of the facility from june 2020 to march 2023 .all other terms , conditions and covenants with respect to the existing facility remained unchanged .subject to satisfying certain conditions , the credit agreement also permits awcc to increase the maximum commitment under the facility by up to an aggregate of $ 500 million , and to request extensions of its expiration date for up to two , one-year periods .interest rates on advances under the facility are based on a credit spread to the libor rate or base rate in accordance with moody investors service 2019s and standard & poor 2019s financial services 2019 then applicable credit rating on awcc 2019s senior unsecured , non-credit enhanced debt .the facility is used principally to support awcc 2019s commercial paper program and to provide up to $ 150 million in letters of credit .indebtedness under the facility is considered 201cdebt 201d for purposes of a support agreement between the company and awcc , which serves as a functional equivalent of a guarantee by the company of awcc 2019s payment obligations under the credit facility .awcc also has an outstanding commercial paper program that is backed by the revolving credit facility , the maximum aggregate outstanding amount of which was increased in march 2018 , from $ 1.60 billion to $ 2.10 billion .the following table provides the aggregate credit facility commitments , letter of credit sub-limit under the revolving credit facility and commercial paper limit , as well as the available capacity for each as of december 31 , 2018 and 2017 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity commercial paper limit available commercial capacity ( in millions ) december 31 , 2018 ........$ 2262 $ 2177 $ 150 $ 69 $ 2100 $ 1146 december 31 , 2017 ........1762 1673 150 66 1600 695 the weighted average interest rate on awcc short-term borrowings for the years ended december 31 , 2018 and 2017 was approximately 2.28% ( 2.28 % ) and 1.24% ( 1.24 % ) , respectively .capital structure the following table provides the percentage of our capitalization represented by the components of our capital structure as of december 31: .
[['', '2018', '2017', '2016'], ["total common shareholders' equity", '40.4% ( 40.4 % )', '41.0% ( 41.0 % )', '42.1% ( 42.1 % )'], ['long-term debt and redeemable preferred stock at redemption value', '52.4% ( 52.4 % )', '49.6% ( 49.6 % )', '46.4% ( 46.4 % )'], ['short-term debt and current portion of long-term debt', '7.2% ( 7.2 % )', '9.4% ( 9.4 % )', '11.5% ( 11.5 % )'], ['total', '100% ( 100 % )', '100% ( 100 % )', '100% ( 100 % )']]
.
|
for the awcc commercial paper program that is backed by the revolving credit facility , what was the change in billions of the maximum aggregate outstanding amount from march 2018 , to december 2018?
|
0.5
|
{
"answer": "0.5",
"decimal": 0.5,
"type": "float"
}
| |
tax benefits recognized for stock-based compensation during the years ended december 31 , 2011 , 2010 and 2009 , were $ 16 million , $ 6 million and $ 5 million , respectively .the amount of northrop grumman shares issued before the spin-off to satisfy stock-based compensation awards are recorded by northrop grumman and , accordingly , are not reflected in hii 2019s consolidated financial statements .the company realized tax benefits during the year ended december 31 , 2011 , of $ 2 million from the exercise of stock options and $ 10 million from the issuance of stock in settlement of rpsrs and rsrs .unrecognized compensation expense at december 31 , 2011 there was $ 1 million of unrecognized compensation expense related to unvested stock option awards , which will be recognized over a weighted average period of 1.1 years .in addition , at december 31 , 2011 , there was $ 19 million of unrecognized compensation expense associated with the 2011 rsrs , which will be recognized over a period of 2.2 years ; $ 10 million of unrecognized compensation expense associated with the rpsrs converted as part of the spin-off , which will be recognized over a weighted average period of one year ; and $ 18 million of unrecognized compensation expense associated with the 2011 rpsrs which will be recognized over a period of 2.0 years .stock options the compensation expense for the outstanding converted stock options was determined at the time of grant by northrop grumman .there were no additional options granted during the year ended december 31 , 2011 .the fair value of the stock option awards is expensed on a straight-line basis over the vesting period of the options .the fair value of each of the stock option award was estimated on the date of grant using a black-scholes option pricing model based on the following assumptions : dividend yield 2014the dividend yield was based on northrop grumman 2019s historical dividend yield level .volatility 2014expected volatility was based on the average of the implied volatility from traded options and the historical volatility of northrop grumman 2019s stock .risk-free interest rate 2014the risk-free rate for periods within the contractual life of the stock option award was based on the yield curve of a zero-coupon u.s .treasury bond on the date the award was granted with a maturity equal to the expected term of the award .expected term 2014the expected term of awards granted was derived from historical experience and represents the period of time that awards granted are expected to be outstanding .a stratification of expected terms based on employee populations ( executive and non-executive ) was considered in the analysis .the following significant weighted-average assumptions were used to value stock options granted during the years ended december 31 , 2010 and 2009: .
[['', '2010', '2009'], ['dividend yield', '2.9% ( 2.9 % )', '3.6% ( 3.6 % )'], ['volatility rate', '25% ( 25 % )', '25% ( 25 % )'], ['risk-free interest rate', '2.3% ( 2.3 % )', '1.7% ( 1.7 % )'], ['expected option life ( years )', '6', '5 & 6']]
the weighted-average grant date fair value of stock options granted during the years ended december 31 , 2010 and 2009 , was $ 11 and $ 7 , per share , respectively. .
|
what is the growth rate in the weighted-average grant date fair value of stock options from 2009 to 2010?
|
57.1%
|
{
"answer": "57.1%",
"decimal": 0.5710000000000001,
"type": "percentage"
}
| |
approximately $ 32 million of federal tax payments were deferred and paid in 2009 as a result of the allied acquisition .the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31: .
[['', '2010', '2009', '2008'], ['balance at beginning of year', '$ 242.2', '$ 611.9', '$ 23.2'], ['additions due to the allied acquisition', '-', '13.3', '582.9'], ['additions based on tax positions related to current year', '2.8', '3.9', '10.6'], ['reductions for tax positions related to the current year', '-', '-', '-5.1 ( 5.1 )'], ['additions for tax positions of prior years', '7.5', '5.6', '2.0'], ['reductions for tax positions of prior years', '-7.4 ( 7.4 )', '-24.1 ( 24.1 )', '-1.3 ( 1.3 )'], ['reductions for tax positions resulting from lapse of statute of limitations', '-10.4 ( 10.4 )', '-0.5 ( 0.5 )', '-0.4 ( 0.4 )'], ['settlements', '-11.9 ( 11.9 )', '-367.9 ( 367.9 )', '-'], ['balance at end of year', '$ 222.8', '$ 242.2', '$ 611.9']]
new accounting guidance for business combinations became effective for our 2009 financial statements .this new guidance changed the treatment of acquired uncertain tax liabilities .under previous guidance , changes in acquired uncertain tax liabilities were recognized through goodwill .under the new guidance , subsequent changes in acquired unrecognized tax liabilities are recognized through the income tax provision .as of december 31 , 2010 , $ 206.5 million of the $ 222.8 million of unrecognized tax benefits related to tax positions taken by allied prior to the 2008 acquisition .included in the balance at december 31 , 2010 and 2009 are approximately $ 209.1 million and $ 217.6 million of unrecognized tax benefits ( net of the federal benefit on state issues ) that , if recognized , would affect the effective income tax rate in future periods .during 2010 , the irs concluded its examination of our 2005 and 2007 tax years .the conclusion of this examination reduced our gross unrecognized tax benefits by approximately $ 1.9 million .we also resolved various state matters during 2010 that , in the aggregate , reduced our gross unrecognized tax benefits by approximately $ 10.0 million .during 2009 , we settled our outstanding tax dispute related to allied 2019s risk management companies ( see 2013 risk management companies ) with both the department of justice ( doj ) and the internal revenue service ( irs ) .this settlement reduced our gross unrecognized tax benefits by approximately $ 299.6 million .during 2009 , we also settled with the irs , through an accounting method change , our outstanding tax dispute related to intercompany insurance premiums paid to allied 2019s captive insurance company .this settlement reduced our gross unrecognized tax benefits by approximately $ 62.6 million .in addition to these federal matters , we also resolved various state matters that , in the aggregate , reduced our gross unrecognized tax benefits during 2009 by approximately $ 5.8 million .we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income .related to the unrecognized tax benefits previously noted , we accrued interest of $ 19.2 million during 2010 and , in total as of december 31 , 2010 , have recognized a liability for penalties of $ 1.2 million and interest of $ 99.9 million .during 2009 , we accrued interest of $ 24.5 million and , in total at december 31 , 2009 , had recognized a liability for penalties of $ 1.5 million and interest of $ 92.3 million .during 2008 , we accrued penalties of $ 0.2 million and interest of $ 5.2 million and , in total at december 31 , 2008 , had recognized a liability for penalties of $ 88.1 million and interest of $ 180.0 million .republic services , inc .notes to consolidated financial statements , continued .
|
what was the percent of the decline in the gross unrecognized tax benefits from 2009 to 2010
|
-8%
|
{
"answer": "-8%",
"decimal": -0.08,
"type": "percentage"
}
|
from 2009 to 2010 the gross unrecognized tax benefits balance decreased by 8%
|
56 / 57 management 2019s discussion and analysis of financial condition and results of operations junior subordinate deferrable interest debentures in june 2005 , we issued $ 100.0 a0million of trust preferred securities , which are reflected on the balance sheet as junior subordinate deferrable interest debentures .the proceeds were used to repay our revolving credit facility .the $ 100.0 a0million of junior subordi- nate deferrable interest debentures have a 30-year term ending july 2035 .they bear interest at a fixed rate of 5.61% ( 5.61 % ) for the first 10 years ending july 2015 .thereafter , the rate will float at three month libor plus 1.25% ( 1.25 % ) .the securities are redeemable at par .restrictive covenants the terms of the 2011 revolving credit facility and certain of our senior unsecured notes include certain restrictions and covenants which may limit , among other things , our ability to pay dividends ( as discussed below ) , make certain types of investments , incur additional indebtedness , incur liens and enter into negative pledge agreements and the disposition of assets , and which require compliance with financial ratios including our minimum tangible net worth , a maximum ratio of total indebtedness to total asset value , a minimum ratio of ebitda to fixed charges and a maximum ratio of unsecured indebtedness to unencumbered asset value .the dividend restriction referred to above provides that we will not during any time when we are in default , make distributions with respect to common stock or other equity interests , except to enable us to continue to qualify as a reit for federal income tax purposes .as of december a031 , 2011 and 2010 , we were in compli- ance with all such covenants .market rate risk we are exposed to changes in interest rates primarily from our floating rate borrowing arrangements .we use interest rate deriv- ative instruments to manage exposure to interest rate changes .a a0hypothetical 100 a0basis point increase in interest rates along the entire interest rate curve for 2011 and 2010 , would increase our annual interest cost by approximately $ 12.3 a0million and $ 11.0 a0mil- lion and would increase our share of joint venture annual interest cost by approximately $ 4.8 a0million and $ 6.7 a0million , respectively .we recognize all derivatives on the balance sheet at fair value .derivatives that are not hedges must be adjusted to fair value through income .if a derivative is a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earnings , or recognized in other comprehensive income until the hedged item is recognized in earnings .the ineffective portion of a derivative 2019s change in fair value is recognized immediately in earnings .approximately $ 4.8 a0billion of our long- term debt bore interest a0at fixed rates , and therefore the fair value of these instru- ments is affected by changes in the market interest rates .the interest rate on our variable rate debt and joint venture debt as of december a031 , 2011 ranged from libor plus 150 a0basis points to libor plus 350 a0basis points .contractual obligations combined aggregate principal maturities of mortgages and other loans payable , our 2011 revolving credit facility , senior unsecured notes ( net of discount ) , trust preferred securities , our share of joint venture debt , including as- of-right extension options , estimated interest expense ( based on weighted average interest rates for the quarter ) , and our obligations under our capital lease and ground leases , as of december a031 , 2011 are as follows ( in thousands ) : .
[['', '2012', '2013', '2014', '2015', '2016', 'thereafter', 'total'], ['property mortgages', '$ 52443', '$ 568649', '$ 647776', '$ 270382', '$ 556400', '$ 2278190', '$ 4373840'], ['revolving credit facility', '2014', '2014', '2014', '2014', '350000', '2014', '350000'], ['trust preferred securities', '2014', '2014', '2014', '2014', '2014', '100000', '100000'], ['senior unsecured notes', '119423', '2014', '98578', '657', '274804', '777194', '1270656'], ['capital lease', '1555', '1555', '1555', '1592', '1707', '42351', '50315'], ['ground leases', '33429', '33429', '33429', '33429', '33533', '615450', '782699'], ['estimated interest expense', '312672', '309280', '269286', '244709', '212328', '470359', '1818634'], ['joint venture debt', '176457', '93683', '123983', '102476', '527814', '800102', '1824515'], ['total', '$ 695979', '$ 1006596', '$ 1174607', '$ 653245', '$ 1956586', '$ 5083646', '$ 10570659']]
.
|
what was the change in ground leases between 2012 and 2013 in millions?
|
0
|
{
"answer": "0",
"decimal": null,
"type": "float"
}
| |
part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our ordinary shares have been publicly traded since november 17 , 2011 when our ordinary shares were listed and began trading on the new york stock exchange ( 201cnyse 201d ) under the symbol 201cdlph . 201d on december 4 , 2017 , following the spin-off of delphi technologies , the company changed its name to aptiv plc and its nyse symbol to 201captv . 201d as of january 25 , 2019 , there were 2 shareholders of record of our ordinary shares .the following graph reflects the comparative changes in the value from december 31 , 2013 through december 31 , 2018 , assuming an initial investment of $ 100 and the reinvestment of dividends , if any in ( 1 ) our ordinary shares , ( 2 ) the s&p 500 index and ( 3 ) the automotive peer group .historical share prices of our ordinary shares have been adjusted to reflect the separation .historical performance may not be indicative of future shareholder returns .stock performance graph * $ 100 invested on december 31 , 2013 in our stock or in the relevant index , including reinvestment of dividends .fiscal year ended december 31 , 2018 .( 1 ) aptiv plc , adjusted for the distribution of delphi technologies on december 4 , 2017 ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive peer group 2013 adient plc , american axle & manufacturing holdings inc , aptiv plc , borgwarner inc , cooper tire & rubber co , cooper- standard holdings inc , dana inc , dorman products inc , ford motor co , garrett motion inc. , general motors co , gentex corp , gentherm inc , genuine parts co , goodyear tire & rubber co , lear corp , lkq corp , meritor inc , motorcar parts of america inc , standard motor products inc , stoneridge inc , superior industries international inc , tenneco inc , tesla inc , tower international inc , visteon corp , wabco holdings inc company index december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
[['company index', 'december 31 2013', 'december 31 2014', 'december 31 2015', 'december 31 2016', 'december 31 2017', 'december 31 2018'], ['aptiv plc ( 1 )', '$ 100.00', '$ 122.75', '$ 146.49', '$ 117.11', '$ 178.46', '$ 130.80'], ['s&p 500 ( 2 )', '100.00', '113.69', '115.26', '129.05', '157.22', '150.33'], ['automotive peer group ( 3 )', '100.00', '107.96', '108.05', '107.72', '134.04', '106.89']]
.
|
what is the difference in percentage performance for aptiv plc versus the automotive peer group for the five year period ending december 31 2018?
|
23.91%
|
{
"answer": "23.91%",
"decimal": 0.2391,
"type": "percentage"
}
| |
jpmorgan chase & co ./ 2008 annual report 211 jpmorgan chase is subject to ongoing tax examinations by the tax authorities of the various jurisdictions in which it operates , including u.s .federal and state and non-u.s .jurisdictions .the firm 2019s consoli- dated federal income tax returns are presently under examination by the internal revenue service ( 201cirs 201d ) for the years 2003 , 2004 and 2005 .the consolidated federal income tax returns of bank one corporation , which merged with and into jpmorgan chase on july 1 , 2004 , are under examination for the years 2000 through 2003 , and for the period january 1 , 2004 , through july 1 , 2004 .the consolidat- ed federal income tax returns of bear stearns for the years ended november 30 , 2003 , 2004 and 2005 , are also under examination .all three examinations are expected to conclude in 2009 .the irs audits of the consolidated federal income tax returns of jpmorgan chase for the years 2006 and 2007 , and for bear stearns for the years ended november 30 , 2006 and 2007 , are expected to commence in 2009 .administrative appeals are pending with the irs relating to prior examination periods .for 2002 and prior years , refund claims relating to income and credit adjustments , and to tax attribute carry- backs , for jpmorgan chase and its predecessor entities , including bank one , have been filed .amended returns to reflect refund claims primarily attributable to net operating losses and tax credit carry- backs will be filed for the final bear stearns federal consolidated tax return for the period december 1 , 2007 , through may 30 , 2008 , and for prior years .the following table presents the u.s .and non-u.s .components of income from continuing operations before income tax expense ( benefit ) . .
[['year ended december 31 ( in millions )', '2008', '2007', '2006'], ['u.s .', '$ -2094 ( 2094 )', '$ 13720', '$ 12934'], ['non-u.s. ( a )', '4867', '9085', '6952'], ['income from continuing operationsbefore income taxexpense ( benefit )', '$ 2773', '$ 22805', '$ 19886']]
non-u.s. ( a ) 4867 9085 6952 income from continuing operations before income tax expense ( benefit ) $ 2773 $ 22805 $ 19886 ( a ) for purposes of this table , non-u.s .income is defined as income generated from operations located outside the u.s .note 29 2013 restrictions on cash and intercom- pany funds transfers the business of jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) is subject to examination and regula- tion by the office of the comptroller of the currency ( 201cocc 201d ) .the bank is a member of the u.s .federal reserve system , and its deposits are insured by the fdic as discussed in note 20 on page 202 of this annual report .the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) requires depository institutions to maintain cash reserves with a federal reserve bank .the average amount of reserve bal- ances deposited by the firm 2019s bank subsidiaries with various federal reserve banks was approximately $ 1.6 billion in 2008 and 2007 .restrictions imposed by u.s .federal law prohibit jpmorgan chase and certain of its affiliates from borrowing from banking subsidiaries unless the loans are secured in specified amounts .such secured loans to the firm or to other affiliates are generally limited to 10% ( 10 % ) of the banking subsidiary 2019s total capital , as determined by the risk- based capital guidelines ; the aggregate amount of all such loans is limited to 20% ( 20 % ) of the banking subsidiary 2019s total capital .the principal sources of jpmorgan chase 2019s income ( on a parent com- pany 2013only basis ) are dividends and interest from jpmorgan chase bank , n.a. , and the other banking and nonbanking subsidiaries of jpmorgan chase .in addition to dividend restrictions set forth in statutes and regulations , the federal reserve , the occ and the fdic have authority under the financial institutions supervisory act to pro- hibit or to limit the payment of dividends by the banking organizations they supervise , including jpmorgan chase and its subsidiaries that are banks or bank holding companies , if , in the banking regulator 2019s opin- ion , payment of a dividend would constitute an unsafe or unsound practice in light of the financial condition of the banking organization .at january 1 , 2009 and 2008 , jpmorgan chase 2019s banking sub- sidiaries could pay , in the aggregate , $ 17.0 billion and $ 16.2 billion , respectively , in dividends to their respective bank holding companies without the prior approval of their relevant banking regulators .the capacity to pay dividends in 2009 will be supplemented by the bank- ing subsidiaries 2019 earnings during the year .in compliance with rules and regulations established by u.s .and non-u.s .regulators , as of december 31 , 2008 and 2007 , cash in the amount of $ 20.8 billion and $ 16.0 billion , respectively , and securities with a fair value of $ 12.1 billion and $ 3.4 billion , respectively , were segregated in special bank accounts for the benefit of securities and futures brokerage customers. .
|
in 2007 what was the percent of the income from continuing operations that was from the us
|
60%
|
{
"answer": "60%",
"decimal": 0.6,
"type": "percentage"
}
| |
entergy corporation and subsidiaries notes to financial statements ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term .the amount was a net regulatory asset ( liability ) of ( $ 2.0 ) million and $ 60.6 million as of december 31 , 2011 and 2010 , respectively .as of december 31 , 2011 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .
[['', 'amount ( in thousands )'], ['2012', '$ 49959'], ['2013', '50546'], ['2014', '51637'], ['2015', '52253'], ['2016', '-'], ['years thereafter', '-'], ['total', '204395'], ['less : amount representing interest', '25611'], ['present value of net minimum lease payments', '$ 178784']]
.
|
what portion of the future minimum lease payments is expected to be paid within the next 12 months?
|
24.4%
|
{
"answer": "24.4%",
"decimal": 0.244,
"type": "percentage"
}
| |
the goldman sachs group , inc .and subsidiaries notes to consolidated financial statements 2030 purchased interests represent senior and subordinated interests , purchased in connection with secondary market-making activities , in securitization entities in which the firm also holds retained interests .2030 substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2014 and thereafter as of december 2018 , and relate to securitizations during 2012 and thereafter as of december 2017 .2030 the fair value of retained interests was $ 3.28 billion as of december 2018 and $ 2.13 billion as of december 2017 .in addition to the interests in the table above , the firm had other continuing involvement in the form of derivative transactions and commitments with certain nonconsolidated vies .the carrying value of these derivatives and commitments was a net asset of $ 75 million as of december 2018 and $ 86 million as of december 2017 , and the notional amount of these derivatives and commitments was $ 1.09 billion as of december 2018 and $ 1.26 billion as of december 2017 .the notional amounts of these derivatives and commitments are included in maximum exposure to loss in the nonconsolidated vie table in note 12 .the table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. .
[['$ in millions', 'as of december 2018', 'as of december 2017'], ['fair value of retained interests', '$ 3151', '$ 2071'], ['weighted average life ( years )', '7.2', '6.0'], ['constant prepayment rate', '11.9% ( 11.9 % )', '9.4% ( 9.4 % )'], ['impact of 10% ( 10 % ) adverse change', '$ -27 ( 27 )', '$ -19 ( 19 )'], ['impact of 20% ( 20 % ) adverse change', '$ -53 ( 53 )', '$ -35 ( 35 )'], ['discount rate', '4.7% ( 4.7 % )', '4.2% ( 4.2 % )'], ['impact of 10% ( 10 % ) adverse change', '$ -75 ( 75 )', '$ -35 ( 35 )'], ['impact of 20% ( 20 % ) adverse change', '$ -147 ( 147 )', '$ -70 ( 70 )']]
in the table above : 2030 amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests .2030 changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear .2030 the impact of a change in a particular assumption is calculated independently of changes in any other assumption .in practice , simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above .2030 the constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value .2030 the discount rate for retained interests that relate to u.s .government agency-issued collateralized mortgage obligations does not include any credit loss .expected credit loss assumptions are reflected in the discount rate for the remainder of retained interests .the firm has other retained interests not reflected in the table above with a fair value of $ 133 million and a weighted average life of 4.2 years as of december 2018 , and a fair value of $ 56 million and a weighted average life of 4.5 years as of december 2017 .due to the nature and fair value of certain of these retained interests , the weighted average assumptions for constant prepayment and discount rates and the related sensitivity to adverse changes are not meaningful as of both december 2018 and december 2017 .the firm 2019s maximum exposure to adverse changes in the value of these interests is the carrying value of $ 133 million as of december 2018 and $ 56 million as of december 2017 .note 12 .variable interest entities a variable interest in a vie is an investment ( e.g. , debt or equity ) or other interest ( e.g. , derivatives or loans and lending commitments ) that will absorb portions of the vie 2019s expected losses and/or receive portions of the vie 2019s expected residual returns .the firm 2019s variable interests in vies include senior and subordinated debt ; loans and lending commitments ; limited and general partnership interests ; preferred and common equity ; derivatives that may include foreign currency , equity and/or credit risk ; guarantees ; and certain of the fees the firm receives from investment funds .certain interest rate , foreign currency and credit derivatives the firm enters into with vies are not variable interests because they create , rather than absorb , risk .vies generally finance the purchase of assets by issuing debt and equity securities that are either collateralized by or indexed to the assets held by the vie .the debt and equity securities issued by a vie may include tranches of varying levels of subordination .the firm 2019s involvement with vies includes securitization of financial assets , as described in note 11 , and investments in and loans to other types of vies , as described below .see note 11 for further information about securitization activities , including the definition of beneficial interests .see note 3 for the firm 2019s consolidation policies , including the definition of a vie .goldman sachs 2018 form 10-k 149 .
|
what was the change in fair value of retained interests in billions as of december 2018 and december 2017?
|
1.15
|
{
"answer": "1.15",
"decimal": 1.15,
"type": "float"
}
| |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi peer group ( 1 ) s&p 500 index .
[['date', 'pmi', 'pmi peer group ( 1 )', 's&p 500 index'], ['december 31 2012', '$ 100.00', '$ 100.00', '$ 100.00'], ['december 31 2013', '$ 108.50', '$ 122.80', '$ 132.40'], ['december 31 2014', '$ 106.20', '$ 132.50', '$ 150.50'], ['december 31 2015', '$ 120.40', '$ 143.50', '$ 152.60'], ['december 31 2016', '$ 130.80', '$ 145.60', '$ 170.80'], ['december 31 2017', '$ 156.80', '$ 172.70', '$ 208.10']]
( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .was removed following the completion of its acquisition by british american tobacco p.l.c .on july 25 , 2017 .the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .the review also considered the primary international tobacco companies .as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .note : figures are rounded to the nearest $ 0.10. .
|
what is the growth rate in pmi's share price from 2014 to 2015?
|
13.4%
|
{
"answer": "13.4%",
"decimal": 0.134,
"type": "percentage"
}
| |
part i item 1 .business our company founded in 1886 , american water works company , inc .( the 201ccompany 201d or 201camerican water 201d ) is a holding company incorporated in delaware .american water is the largest and most geographically diverse investor owned publicly-traded united states water and wastewater utility company , as measured by both operating revenues and population served .we employ approximately 6700 professionals who provide drinking water , wastewater and other related services to an estimated 15 million people in 47 states , the district of columbia and ontario , canada .operating segments we conduct our business primarily through our regulated businesses segment .we also operate several market-based businesses that provide a broad range of related and complementary water and wastewater services , which include four operating segments that individually do not meet the criteria of a reportable segment in accordance with generally accepted accounting principles in the united states ( 201cgaap 201d ) .these four non- reportable operating segments are collectively presented as our 201cmarket-based businesses , 201d which is consistent with how management assesses the results of these businesses .additional information can be found in item 7 2014management 2019s discussion and analysis of financial condition and results of operations and note 19 2014segment information in the notes to consolidated financial statements .regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers .our subsidiaries that provide these services operate in approximately 1600 communities in 16 states in the united states and are generally subject to regulation by certain state commissions or other entities engaged in utility regulation , referred to as public utility commissions or ( 201cpucs 201d ) .the federal and state governments also regulate environmental , health and safety , and water quality matters .we report the results of the services provided by our utilities in our regulated businesses segment .our regulated businesses segment 2019s operating revenues were $ 2743 million for 2015 , $ 2674 million for 2014 and $ 2594 million for 2013 , accounting for 86.8% ( 86.8 % ) , 88.8% ( 88.8 % ) and 90.1% ( 90.1 % ) , respectively , of total operating revenues for the same periods .the following table summarizes our regulated businesses 2019 operating revenues , number of customers and estimated population served by state , each as of december 31 , 2015 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total .
[['new jersey', 'operatingrevenues ( in millions ) $ 704', '% ( % ) of total 25.7% ( 25.7 % )', 'number ofcustomers 660580', '% ( % ) of total 20.3% ( 20.3 % )', 'estimatedpopulationserved ( in millions ) 2.7', '% ( % ) of total 22.3% ( 22.3 % )'], ['pennsylvania', '614', '22.4% ( 22.4 % )', '672407', '20.7% ( 20.7 % )', '2.3', '19.0% ( 19.0 % )'], ['illinois ( a )', '270', '9.8% ( 9.8 % )', '313058', '9.6% ( 9.6 % )', '1.3', '10.7% ( 10.7 % )'], ['missouri', '269', '9.8% ( 9.8 % )', '473245', '14.5% ( 14.5 % )', '1.5', '12.4% ( 12.4 % )'], ['indiana', '206', '7.5% ( 7.5 % )', '295994', '9.1% ( 9.1 % )', '1.3', '10.7% ( 10.7 % )'], ['california', '198', '7.2% ( 7.2 % )', '174942', '5.4% ( 5.4 % )', '0.6', '5.0% ( 5.0 % )'], ['west virginia ( b )', '129', '4.7% ( 4.7 % )', '169037', '5.2% ( 5.2 % )', '0.6', '5.0% ( 5.0 % )'], ['subtotal ( top seven states )', '2390', '87.1% ( 87.1 % )', '2759263', '84.8% ( 84.8 % )', '10.3', '85.1% ( 85.1 % )'], ['other ( c )', '353', '12.9% ( 12.9 % )', '493428', '15.2% ( 15.2 % )', '1.8', '14.9% ( 14.9 % )'], ['total regulated businesses', '$ 2743', '100.0% ( 100.0 % )', '3252691', '100.0% ( 100.0 % )', '12.1', '100.0% ( 100.0 % )']]
( a ) includes illinois-american water company and american lake water company .( b ) includes west virginia-american water company and its subsidiary bluefield valley water works company .( c ) includes data from our utilities in the following states : georgia , hawaii , iowa , kentucky , maryland , michigan , new york , tennessee and virginia. .
|
what is the current customer penetration in the missouri market area?
|
32%
|
{
"answer": "32%",
"decimal": 0.32,
"type": "percentage"
}
| |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis scenario analyses .we conduct various scenario analyses including as part of the comprehensive capital analysis and review ( ccar ) and dodd-frank act stress tests ( dfast ) , as well as our resolution and recovery planning .see 201cequity capital management and regulatory capital 2014 equity capital management 201d below for further information .these scenarios cover short-term and long- term time horizons using various macroeconomic and firm- specific assumptions , based on a range of economic scenarios .we use these analyses to assist us in developing our longer-term balance sheet management strategy , including the level and composition of assets , funding and equity capital .additionally , these analyses help us develop approaches for maintaining appropriate funding , liquidity and capital across a variety of situations , including a severely stressed environment .balance sheet allocation in addition to preparing our consolidated statements of financial condition in accordance with u.s .gaap , we prepare a balance sheet that generally allocates assets to our businesses , which is a non-gaap presentation and may not be comparable to similar non-gaap presentations used by other companies .we believe that presenting our assets on this basis is meaningful because it is consistent with the way management views and manages risks associated with the firm 2019s assets and better enables investors to assess the liquidity of the firm 2019s assets .the table below presents our balance sheet allocation. .
[['$ in millions', 'as of december 2015', 'as of december 2014'], ['global core liquid assets ( gcla )', '$ 199120', '$ 182947'], ['other cash', '9180', '7805'], ['gcla and cash', '208300', '190752'], ['secured client financing', '221325', '210641'], ['inventory', '208836', '230667'], ['secured financing agreements', '63495', '74767'], ['receivables', '39976', '47317'], ['institutional client services', '312307', '352751'], ['public equity', '3991', '4041'], ['private equity', '16985', '17979'], ['debt1', '23216', '24768'], ['loans receivable2', '45407', '28938'], ['other', '4646', '3771'], ['investing & lending', '94245', '79497'], ['total inventory and related assets', '406552', '432248'], ['other assets', '25218', '22201'], ['total assets', '$ 861395', '$ 855842']]
1 .includes $ 17.29 billion and $ 18.24 billion as of december 2015 and december 2014 , respectively , of direct loans primarily extended to corporate and private wealth management clients that are accounted for at fair value .2 .see note 9 to the consolidated financial statements for further information about loans receivable .the following is a description of the captions in the table above : 2030 global core liquid assets and cash .we maintain liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment .see 201cliquidity risk management 201d below for details on the composition and sizing of our 201cglobal core liquid assets 201d ( gcla ) .in addition to our gcla , we maintain other operating cash balances , primarily for use in specific currencies , entities , or jurisdictions where we do not have immediate access to parent company liquidity .2030 secured client financing .we provide collateralized financing for client positions , including margin loans secured by client collateral , securities borrowed , and resale agreements primarily collateralized by government obligations .as a result of client activities , we are required to segregate cash and securities to satisfy regulatory requirements .our secured client financing arrangements , which are generally short-term , are accounted for at fair value or at amounts that approximate fair value , and include daily margin requirements to mitigate counterparty credit risk .2030 institutional client services .in institutional client services , we maintain inventory positions to facilitate market making in fixed income , equity , currency and commodity products .additionally , as part of market- making activities , we enter into resale or securities borrowing arrangements to obtain securities which we can use to cover transactions in which we or our clients have sold securities that have not yet been purchased .the receivables in institutional client services primarily relate to securities transactions .2030 investing & lending .in investing & lending , we make investments and originate loans to provide financing to clients .these investments and loans are typically longer- term in nature .we make investments , directly and indirectly through funds and separate accounts that we manage , in debt securities , loans , public and private equity securities , real estate entities and other investments .2030 other assets .other assets are generally less liquid , non- financial assets , including property , leasehold improvements and equipment , goodwill and identifiable intangible assets , income tax-related receivables , equity- method investments , assets classified as held for sale and miscellaneous receivables .68 goldman sachs 2015 form 10-k .
|
how is cash flow from operating activities affected by the change in inventory from 2014 to 2015?
|
21831
|
{
"answer": "21831",
"decimal": 21831,
"type": "float"
}
|
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