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entergy corporation and subsidiaries management 2019s financial discussion and analysis combination .consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) .these costs are being amortized over a nine-year period beginning december 2015 .see note 2 to the financial statements for further discussion of the business combination and customer credits .the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales .the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry .the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc .the tax savings results from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike .see note 3 to the financial statements for additional discussion of the settlement and benefit sharing .included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding .see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding .entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2015 net revenue', '$ 1666'], ['nuclear realized price changes', '-149 ( 149 )'], ['rhode island state energy center', '-44 ( 44 )'], ['nuclear volume', '-36 ( 36 )'], ['fitzpatrick reimbursement agreement', '41'], ['nuclear fuel expenses', '68'], ['other', '-4 ( 4 )'], ['2016 net revenue', '$ 1542']]
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , although the average revenue per mwh shown in the table below for the nuclear fleet is slightly higher because it includes revenues from the fitzpatrick reimbursement agreement with exelon , the amortization of the palisades below-market ppa , and vermont yankee capacity revenue .the effect of the amortization of the palisades below-market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 .see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 .see 201cnuclear .
|
what would the net revenue have been in 2015 if there wasn't a stipulated settlement from the business combination in october 2015?
|
1732
|
{
"answer": "1732",
"decimal": 1732,
"type": "float"
}
| |
corporate & institutional banking corporate & institutional banking earned $ 1.9 billion in 2011 and $ 1.8 billion in 2010 .the increase in earnings was primarily due to an improvement in the provision for credit losses , which was a benefit in 2011 , partially offset by a reduction in the value of commercial mortgage servicing rights and lower net interest income .we continued to focus on adding new clients , increasing cross sales , and remaining committed to strong expense discipline .asset management group asset management group earned $ 141 million for 2011 compared with $ 137 million for 2010 .assets under administration were $ 210 billion at december 31 , 2011 and $ 212 billion at december 31 , 2010 .earnings for 2011 reflected a benefit from the provision for credit losses and growth in noninterest income , partially offset by higher noninterest expense and lower net interest income .for 2011 , the business delivered strong sales production , grew high value clients and benefitted from significant referrals from other pnc lines of business .over time and with stabilized market conditions , the successful execution of these strategies and the accumulation of our strong sales performance are expected to create meaningful growth in assets under management and noninterest income .residential mortgage banking residential mortgage banking earned $ 87 million in 2011 compared with $ 269 million in 2010 .the decline in earnings was driven by an increase in noninterest expense associated with increased costs for residential mortgage foreclosure- related expenses , primarily as a result of ongoing governmental matters , and lower net interest income , partially offset by an increase in loan originations and higher loans sales revenue .blackrock our blackrock business segment earned $ 361 million in 2011 and $ 351 million in 2010 .the higher business segment earnings from blackrock for 2011 compared with 2010 were primarily due to an increase in revenue .non-strategic assets portfolio this business segment ( formerly distressed assets portfolio ) consists primarily of acquired non-strategic assets that fall outside of our core business strategy .non-strategic assets portfolio had earnings of $ 200 million in 2011 compared with a loss of $ 57 million in 2010 .the increase was primarily attributable to a lower provision for credit losses partially offset by lower net interest income .201cother 201d reported earnings of $ 376 million for 2011 compared with earnings of $ 386 million for 2010 .the decrease in earnings primarily reflected the noncash charge related to the redemption of trust preferred securities in the fourth quarter of 2011 and the gain related to the sale of a portion of pnc 2019s blackrock shares in 2010 partially offset by lower integration costs in 2011 .consolidated income statement review our consolidated income statement is presented in item 8 of this report .net income for 2011 was $ 3.1 billion compared with $ 3.4 billion for 2010 .results for 2011 include the impact of $ 324 million of residential mortgage foreclosure-related expenses primarily as a result of ongoing governmental matters , a $ 198 million noncash charge related to redemption of trust preferred securities and $ 42 million for integration costs .results for 2010 included the $ 328 million after-tax gain on our sale of gis , $ 387 million for integration costs , and $ 71 million of residential mortgage foreclosure-related expenses .for 2010 , net income attributable to common shareholders was also impacted by a noncash reduction of $ 250 million in connection with the redemption of tarp preferred stock .pnc 2019s results for 2011 were driven by good performance in a challenging environment of low interest rates , slow economic growth and new regulations .net interest income and net interest margin year ended december 31 dollars in millions 2011 2010 .
[['year ended december 31dollars in millions', '2011', '2010'], ['net interest income', '$ 8700', '$ 9230'], ['net interest margin', '3.92% ( 3.92 % )', '4.14% ( 4.14 % )']]
changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding .see the statistical information ( unaudited ) 2013 analysis of year-to-year changes in net interest income and average consolidated balance sheet and net interest analysis in item 8 and the discussion of purchase accounting accretion in the consolidated balance sheet review in item 7 of this report for additional information .the decreases in net interest income and net interest margin for 2011 compared with 2010 were primarily attributable to a decrease in purchase accounting accretion on purchased impaired loans primarily due to lower excess cash recoveries .a decline in average loan balances and the low interest rate environment , partially offset by lower funding costs , also contributed to the decrease .the pnc financial services group , inc .2013 form 10-k 35 .
|
for 2010 , was the after-tax gain on our sale of gis greater than overall net interest income?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
}
| |
2022 higher 2017 sales volumes , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives , costs associated with various growth investments made in 2016 and changes in currency exchange rates , partially offset by incremental year-over-year costs associated with various product development and sales and marketing growth investments : 60 basis points year-over-year operating profit margin comparisons were unfavorably impacted by : 2022 the incremental year-over-year net dilutive effect of acquired businesses : 20 basis points 2016 compared to 2015 year-over-year price increases in the segment contributed 0.3% ( 0.3 % ) to sales growth during 2016 as compared to 2015 and are reflected as a component of the change in sales from existing businesses .sales from existing businesses in the segment 2019s transportation technologies businesses grew at a high-single digit rate during 2016 as compared to 2015 , due primarily to strong demand for dispenser , payment and point-of-sale systems , environmental compliance products as well as vehicle and fleet management products , partly offset by weaker year-over-year demand for compressed natural gas products .as expected , beginning in the second half of 2016 , the business began to experience reduced emv-related demand for indoor point-of-sale solutions , as customers had largely upgraded to products that support indoor emv requirements in the prior year in response to the indoor liability shift .however , demand increased on a year-over-year basis for dispensers and payment systems as customers in the united states continued to upgrade equipment driven primarily by the emv deadlines related to outdoor payment systems .geographically , sales from existing businesses continued to increase on a year-over-year basis in the united states and to a lesser extent in asia and western europe .sales from existing businesses in the segment 2019s automation & specialty components business declined at a low-single digit rate during 2016 as compared to 2015 .the businesses experienced sequential year-over-year improvement in demand during the second half of 2016 as compared to the first half of 2016 .during 2016 , year-over-year demand declined for engine retarder products due primarily to weakness in the north american heavy-truck market , partly offset by strong growth in china and europe .in addition , year-over-year demand declined in certain medical and defense related end markets which were partly offset by increased year-over-year demand for industrial automation products particularly in china .geographically , sales from existing businesses in the segment 2019s automation & specialty components businesses declined in north america , partly offset by growth in western europe and china .sales from existing businesses in the segment 2019s franchise distribution business grew at a mid-single digit rate during 2016 , as compared to 2015 , due primarily to continued net increases in franchisees as well as continued growth in demand for professional tool products and tool storage products , primarily in the united states .this growth was partly offset by year- over-year declines in wheel service equipment sales during 2016 .operating profit margins increased 70 basis points during 2016 as compared to 2015 .the following factors favorably impacted year-over-year operating profit margin comparisons : 2022 higher 2016 sales volumes , pricing improvements , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives and the incrementally favorable impact of the impairment of certain tradenames used in the segment in 2015 and 2016 , net of costs associated with various growth investments , product development and sales and marketing growth investments , higher year-over-year costs associated with restructuring actions and changes in currency exchange rates : 65 basis points 2022 the incremental net accretive effect in 2016 of acquired businesses : 5 basis points cost of sales and gross profit .
[['( $ in millions )', 'for the year ended december 31 2017', 'for the year ended december 31 2016', 'for the year ended december 31 2015'], ['sales', '$ 6656.0', '$ 6224.3', '$ 6178.8'], ['cost of sales', '-3357.5 ( 3357.5 )', '-3191.5 ( 3191.5 )', '-3178.8 ( 3178.8 )'], ['gross profit', '3298.5', '3032.8', '3000.0'], ['gross profit margin', '49.6% ( 49.6 % )', '48.7% ( 48.7 % )', '48.6% ( 48.6 % )']]
the year-over-year increase in cost of sales during 2017 as compared to 2016 is due primarily to the impact of higher year- over-year sales volumes and changes in currency exchange rates partly offset by incremental year-over-year cost savings .
|
what was the percentage change in sales from 2016 to 2017?
|
7%
|
{
"answer": "7%",
"decimal": 0.07,
"type": "percentage"
}
| |
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 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. .
[['', '12/31/2011', '12/31/2012', '12/31/2013', '12/31/2014', '12/31/2015', '12/31/2016'], ['united parcel service inc .', '$ 100.00', '$ 103.84', '$ 152.16', '$ 165.35', '$ 154.61', '$ 189.72'], ['standard & poor 2019s 500 index', '$ 100.00', '$ 115.99', '$ 153.54', '$ 174.54', '$ 176.94', '$ 198.09'], ['dow jones transportation average', '$ 100.00', '$ 107.49', '$ 151.97', '$ 190.07', '$ 158.22', '$ 192.80']]
.
|
for the five year period ending 12/31/2016 what was the difference in total performance between united parcel service inc . and the dow jones transportation average?
|
-3.08%
|
{
"answer": "-3.08%",
"decimal": -0.0308,
"type": "percentage"
}
| |
united parcel service , inc .and subsidiaries notes to consolidated financial statements capital lease obligations we have certain property , plant and equipment subject to capital leases .some of the obligations associated with these capital leases have been legally defeased .the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : .
[['', '2015', '2014'], ['vehicles', '$ 74', '$ 86'], ['aircraft', '2289', '2289'], ['buildings', '207', '197'], ['accumulated amortization', '-849 ( 849 )', '-781 ( 781 )'], ['property plant and equipment subject to capital leases', '$ 1721', '$ 1791']]
these capital lease obligations have principal payments due at various dates from 2016 through 3005 .facility notes and bonds we have entered into agreements with certain municipalities to finance the construction of , or improvements to , facilities that support our u.s .domestic package and supply chain & freight operations in the united states .these facilities are located around airport properties in louisville , kentucky ; dallas , texas ; and philadelphia , pennsylvania .under these arrangements , we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities , as follows : 2022 bonds with a principal balance of $ 149 million issued by the louisville regional airport authority associated with our worldport facility in louisville , kentucky .the bonds , which are due in january 2029 , bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.03% ( 0.03 % ) and 0.05% ( 0.05 % ) , respectively .2022 bonds with a principal balance of $ 42 million and due in november 2036 issued by the louisville regional airport authority associated with our air freight facility in louisville , kentucky .the bonds bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.05% ( 0.05 % ) , respectively .2022 bonds with a principal balance of $ 29 million issued by the dallas / fort worth international airport facility improvement corporation associated with our dallas , texas airport facilities .the bonds are due in may 2032 and bear interest at a variable rate , however the variable cash flows on the obligation have been swapped to a fixed 5.11% ( 5.11 % ) .2022 bonds with a principal balance of $ 100 million issued by the delaware county , pennsylvania industrial development authority associated with our philadelphia , pennsylvania airport facilities .the bonds , which were due in december 2015 , had a variable interest rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.04% ( 0.04 % ) , respectively .as of december 2015 , these $ 100 million bonds were repaid in full .2022 in september 2015 , we entered into an agreement with the delaware county , pennsylvania industrial development authority , associated with our philadelphia , pennsylvania airport facilities , for bonds issued with a principal balance of $ 100 million .these bonds , which are due september 2045 , bear interest at a variable rate .the average interest rate for 2015 was 0.00% ( 0.00 % ) .pound sterling notes the pound sterling notes consist of two separate tranches , as follows : 2022 notes with a principal amount of a366 million accrue interest at a 5.50% ( 5.50 % ) fixed rate , and are due in february 2031 .these notes are not callable .2022 notes with a principal amount of a3455 million accrue interest at a 5.125% ( 5.125 % ) fixed rate , and are due in february 2050 .these notes are callable at our option at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount and accrued interest , or the sum of the present values of the remaining scheduled payout of principal and interest thereon discounted to the date of redemption at a benchmark u.k .government bond yield plus 15 basis points and accrued interest. .
|
what is the percentage change in vehicles under capital lease between 2014 and 2015?
|
-14%
|
{
"answer": "-14%",
"decimal": -0.14,
"type": "percentage"
}
| |
31 , 2015 , the price was r$ 218/mwh .after the expiration of contract with eletropaulo , tiet ea's strategy is to contract most of its physical guarantee , as described in regulatory framework section below , and sell the remaining portion in the spot market .tiet ea's strategy is reassessed from time to time according to changes in market conditions , hydrology and other factors .tiet ea has been continuously selling its available energy from 2016 forward through medium-term bilateral contracts of three to five years .as of december 31 , 2016 , tiet ea's contracted portfolio position is 95% ( 95 % ) and 88% ( 88 % ) with average prices of r$ 157/ mwh and r$ 159/mwh ( inflation adjusted until december 2016 ) for 2016 and 2017 , respectively .as brazil is mostly a hydro-based country with energy prices highly tied to the hydrological situation , the deterioration of the hydrology since the beginning of 2014 caused an increase in energy prices going forward .tiet ea is closely monitoring and analyzing system supply conditions to support energy commercialization decisions .under the concession agreement , tiet ea has an obligation to increase its capacity by 15% ( 15 % ) .tiet ea , as well as other concession generators , have not yet met this requirement due to regulatory , environmental , hydrological and fuel constraints .the state of s e3o paulo does not have a sufficient potential for wind power and only has a small remaining potential for hydro projects .as such , the capacity increases in the state will mostly be derived from thermal gas capacity projects .due to the highly complex process to obtain an environmental license for coal projects , tiet ea decided to fulfill its obligation with gas-fired projects in line with the federal government plans .petrobras refuses to supply natural gas and to offer capacity in its pipelines and regasification terminals .therefore , there are no regulations for natural gas swaps in place , and it is unfeasible to bring natural gas to aes tiet ea .a legal case has been initiated by the state of s e3o paulo requiring the investment to be performed .tiet ea is in the process of analyzing options to meet the obligation .uruguaiana is a 640 mw gas-fired combined cycle power plant located in the town of uruguaiana in the state of rio grande do sul , commissioned in december 2000 .aes manages and has a 46% ( 46 % ) economic interest in the plant with the remaining interest held by bndes .the plant's operations were suspended in april 2009 due to the unavailability of gas .aes has evaluated several alternatives to bring gas supply on a competitive basis to uruguaiana .one of the challenges is the capacity restrictions on the argentinean pipeline , especially during the winter season when gas demand in argentina is very high .the plant operated on a short-term basis during february and march 2013 , march through may 2014 , and february through may 2015 due to the short-term supply of lng for the facility .the plant did not operate in 2016 .uruguaiana continues to work toward securing gas on a long-term basis .market structure 2014 brazil has installed capacity of 150136 mw , which is 65% ( 65 % ) hydroelectric , 19% ( 19 % ) thermal and 16% ( 16 % ) renewable ( biomass and wind ) .brazil's national grid is divided into four subsystems .tiet ea is in the southeast and uruguaiana is in the south subsystems of the national grid .regulatory framework 2014 in brazil , the ministry of mines and energy determines the maximum amount of energy that a plant can sell , called physical guarantee , which represents the long-term average expected energy production of the plant .under current rules , physical guarantee can be sold to distribution companies through long- term regulated auctions or under unregulated bilateral contracts with large consumers or energy trading companies .the national system operator ( "ons" ) is responsible for coordinating and controlling the operation of the national grid .the ons dispatches generators based on hydrological conditions , reservoir levels , electricity demand and the prices of fuel and thermal generation .given the importance of hydro generation in the country , the ons sometimes reduces dispatch of hydro facilities and increases dispatch of thermal facilities to protect reservoir levels in the system .in brazil , the system operator controls all hydroelectric generation dispatch and reservoir levels .a mechanism known as the energy reallocation mechanism ( "mre" ) was created to share hydrological risk across mre hydro generators .if the hydro plants generate less than the total mre physical guarantee , the hydro generators may need to purchase energy in the short-term market to fulfill their contract obligations .when total hydro generation is higher than the total mre physical guarantee , the surplus is proportionally shared among its participants and they are able to make extra revenue selling the excess energy on the spot market .the consequences of unfavorable hydrology are ( i ) thermal plants more expensive to the system being dispatched , ( ii ) lower hydropower generation with deficits in the mre and ( iii ) high spot prices .aneel defines the spot price cap for electricity in the brazilian market .the spot price caps as defined by aneel and average spot prices by calendar year are as follows ( r$ / .
[['year', '2017', '2016', '2015', '2014'], ['spot price cap as defined by aneel', '534', '423', '388', '822'], ['average spot rate', '', '94', '287', '689']]
.
|
what was the percentage change in the average spot rate between 2014 to 2015?
|
-58%
|
{
"answer": "-58%",
"decimal": -0.58,
"type": "percentage"
}
| |
zimmer biomet holdings , inc .2015 form 10-k annual report notes to consolidated financial statements ( continued ) interest to the date of redemption .in addition , the merger notes and the 3.375% ( 3.375 % ) senior notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date .between the closing date and june 30 , 2015 , we repaid the biomet senior notes we assumed in the merger .the fair value of the principal amount plus interest was $ 2798.6 million .these senior notes required us to pay a call premium in excess of the fair value of the notes when they were repaid .as a result , we recognized $ 22.0 million in non-operating other expense related to this call premium .the estimated fair value of our senior notes as of december 31 , 2015 , based on quoted prices for the specific securities from transactions in over-the-counter markets ( level 2 ) , was $ 8837.5 million .the estimated fair value of the japan term loan as of december 31 , 2015 , based upon publicly available market yield curves and the terms of the debt ( level 2 ) , was $ 96.4 million .the carrying value of the u.s .term loan approximates fair value as it bears interest at short-term variable market rates .we have entered into interest rate swap agreements which we designated as fair value hedges of underlying fixed- rate obligations on our senior notes due 2019 and 2021 .see note 14 for additional information regarding the interest rate swap agreements .we also have available uncommitted credit facilities totaling $ 35.8 million .at december 31 , 2015 and 2014 , the weighted average interest rate for our long-term borrowings was 2.9 percent and 3.5 percent , respectively .we paid $ 207.1 million , $ 67.5 million and $ 68.1 million in interest during 2015 , 2014 and 2013 , respectively .13 .accumulated other comprehensive ( loss ) income oci refers to certain gains and losses that under gaap are included in comprehensive income but are excluded from net earnings as these amounts are initially recorded as an adjustment to stockholders 2019 equity .amounts in oci may be reclassified to net earnings upon the occurrence of certain events .our oci is comprised of foreign currency translation adjustments , unrealized gains and losses on cash flow hedges , unrealized gains and losses on available-for-sale securities , and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions on our defined benefit plans .foreign currency translation adjustments are reclassified to net earnings upon sale or upon a complete or substantially complete liquidation of an investment in a foreign entity .unrealized gains and losses on cash flow hedges are reclassified to net earnings when the hedged item affects net earnings .unrealized gains and losses on available-for-sale securities are reclassified to net earnings if we sell the security before maturity or if the unrealized loss is considered to be other-than-temporary .amounts related to defined benefit plans that are in oci are reclassified over the service periods of employees in the plan .the reclassification amounts are allocated to all employees in the plans and , therefore , the reclassified amounts may become part of inventory to the extent they are considered direct labor costs .see note 15 for more information on our defined benefit plans .the following table shows the changes in the components of oci , net of tax ( in millions ) : foreign currency translation hedges unrealized gains on securities defined benefit .
[['', 'foreign currency translation', 'cash flow hedges', 'unrealized gains on securities', 'defined benefit plan items'], ['balance december 31 2014', '$ 111.8', '$ 70.1', '$ -0.4 ( 0.4 )', '$ -143.4 ( 143.4 )'], ['oci before reclassifications', '-305.2 ( 305.2 )', '52.7', '-0.2 ( 0.2 )', '-30.6 ( 30.6 )'], ['reclassifications', '2013', '-93.0 ( 93.0 )', '2013', '9.2'], ['balance december 31 2015', '$ -193.4 ( 193.4 )', '$ 29.8', '$ -0.6 ( 0.6 )', '$ -164.8 ( 164.8 )']]
.
|
what was total oci at december 31 , 2015 in millions?
|
-329
|
{
"answer": "-329",
"decimal": -329,
"type": "float"
}
| |
nbcuniversal media , llc consolidated statement of comprehensive income .
[['year ended december 31 ( in millions )', '2015', '2014', '2013'], ['net income', '$ 3624', '$ 3297', '$ 2122'], ['deferred gains ( losses ) on cash flow hedges net', '-21 ( 21 )', '25', '-5 ( 5 )'], ['employee benefit obligations net', '60', '-106 ( 106 )', '95'], ['currency translation adjustments net', '-121 ( 121 )', '-62 ( 62 )', '-41 ( 41 )'], ['comprehensive income', '3542', '3154', '2171'], ['net ( income ) loss attributable to noncontrolling interests', '-210 ( 210 )', '-182 ( 182 )', '-154 ( 154 )'], ['other comprehensive ( income ) loss attributable to noncontrolling interests', '29', '2014', '2014'], ['comprehensive income attributable to nbcuniversal', '$ 3361', '$ 2972', '$ 2017']]
see accompanying notes to consolidated financial statements .147 comcast 2015 annual report on form 10-k .
|
what is the percentage change in comprehensive income attributable to nbcuniversal from 2013 to 2014?
|
47%
|
{
"answer": "47%",
"decimal": 0.47,
"type": "percentage"
}
| |
consolidated results of operations year ended december 31 , 2018 compared to year ended december 31 , 2017 net revenues increased $ 203.9 million , or 4.1% ( 4.1 % ) , to $ 5193.2 million in 2018 from $ 4989.2 million in 2017 .net revenues by product category are summarized below: .
[['( in thousands )', 'year ended december 31 , 2018', 'year ended december 31 , 2017', 'year ended december 31 , $ change', 'year ended december 31 , % ( % ) change'], ['apparel', '$ 3462372', '$ 3287121', '$ 175251', '5.3% ( 5.3 % )'], ['footwear', '1063175', '1037840', '25335', '2.4'], ['accessories', '422496', '445838', '-23342 ( 23342 )', '-5.2 ( 5.2 )'], ['total net sales', '4948043', '4770799', '177244', '3.7'], ['license', '124785', '116575', '8210', '7.0'], ['connected fitness', '120357', '101870', '18487', '18.1'], ['total net revenues', '$ 5193185', '$ 4989244', '$ 203941', '4.1% ( 4.1 % )']]
the increase in net sales was driven primarily by : 2022 apparel unit sales growth driven by the train category ; and 2022 footwear unit sales growth , led by the run category .the increase was partially offset by unit sales decline in accessories .license revenues increased $ 8.2 million , or 7.0% ( 7.0 % ) , to $ 124.8 million in 2018 from $ 116.6 million in 2017 .connected fitness revenue increased $ 18.5 million , or 18.1% ( 18.1 % ) , to $ 120.4 million in 2018 from $ 101.9 million in 2017 primarily driven by increased subscribers on our fitness applications .gross profit increased $ 89.1 million to $ 2340.5 million in 2018 from $ 2251.4 million in 2017 .gross profit as a percentage of net revenues , or gross margin , was unchanged at 45.1% ( 45.1 % ) in 2018 compared to 2017 .gross profit percentage was favorably impacted by lower promotional activity , improvements in product cost , lower air freight , higher proportion of international and connected fitness revenue and changes in foreign currency ; these favorable impacts were offset by channel mix including higher sales to our off-price channel and restructuring related charges .with the exception of improvements in product input costs and air freight improvements , we do not expect these trends to have a material impact on the full year 2019 .selling , general and administrative expenses increased $ 82.8 million to $ 2182.3 million in 2018 from $ 2099.5 million in 2017 .as a percentage of net revenues , selling , general and administrative expenses decreased slightly to 42.0% ( 42.0 % ) in 2018 from 42.1% ( 42.1 % ) in 2017 .selling , general and administrative expense was impacted by the following : 2022 marketing costs decreased $ 21.3 million to $ 543.8 million in 2018 from $ 565.1 million in 2017 .this decrease was primarily due to restructuring efforts , resulting in lower compensation and contractual sports marketing .this decrease was partially offset by higher costs in connection with brand marketing campaigns and increased marketing investments with the growth of our international business .as a percentage of net revenues , marketing costs decreased to 10.5% ( 10.5 % ) in 2018 from 11.3% ( 11.3 % ) in 2017 .2022 other costs increased $ 104.1 million to $ 1638.5 million in 2018 from $ 1534.4 million in 2017 .this increase was primarily due to higher incentive compensation expense and higher costs incurred for the continued expansion of our direct to consumer distribution channel and international business .as a percentage of net revenues , other costs increased to 31.6% ( 31.6 % ) in 2018 from 30.8% ( 30.8 % ) in 2017 .restructuring and impairment charges increased $ 59.1 million to $ 183.1 million from $ 124.0 million in 2017 .refer to the restructuring plans section above for a summary of charges .income ( loss ) from operations decreased $ 52.8 million , or 189.9% ( 189.9 % ) , to a loss of $ 25.0 million in 2018 from income of $ 27.8 million in 2017 .as a percentage of net revenues , income from operations decreased to a loss of 0.4% ( 0.4 % ) in 2018 from income of 0.5% ( 0.5 % ) in 2017 .income from operations for the year ended december 31 , 2018 was negatively impacted by $ 203.9 million of restructuring , impairment and related charges in connection with the 2018 restructuring plan .income from operations for the year ended december 31 , 2017 was negatively impacted by $ 129.1 million of restructuring , impairment and related charges in connection with the 2017 restructuring plan .interest expense , net decreased $ 0.9 million to $ 33.6 million in 2018 from $ 34.5 million in 2017. .
|
what is the gross margin in 2018?
|
45.1%
|
{
"answer": "45.1%",
"decimal": 0.451,
"type": "percentage"
}
| |
entergy arkansas , inc .management's financial discussion and analysis gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 114 million in gross wholesale revenue due to an increase in the average price of energy available for resale sales and an increase in sales to affiliated customers ; an increase of $ 106.1 million in production cost allocation rider revenues which became effective in july 2007 as a result of the system agreement proceedings .as a result of the system agreement proceedings , entergy arkansas also has a corresponding increase in deferred fuel expense for payments to other entergy system companies such that there is no effect on net income .entergy arkansas makes payments over a seven-month period but collections from customers occur over a twelve-month period .the production cost allocation rider is discussed in note 2 to the financial statements and the system agreement proceedings are referenced below under "federal regulation" ; and an increase of $ 58.9 million in fuel cost recovery revenues due to changes in the energy cost recovery rider effective april 2008 and september 2008 , partially offset by decreased usage .the energy cost recovery rider filings are discussed in note 2 to the financial statements .the increase was partially offset by a decrease of $ 14.6 million related to volume/weather , as discussed above .fuel and purchased power expenses increased primarily due to an increase of $ 106.1 million in deferred system agreement payments , as discussed above and an increase in the average market price of purchased power .2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2007 to 2006 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2006 net revenue', '$ 1074.5'], ['net wholesale revenue', '13.2'], ['transmission revenue', '11.8'], ['deferred fuel costs revisions', '8.6'], ['other', '2.5'], ['2007 net revenue', '$ 1110.6']]
the net wholesale revenue variance is primarily due to lower wholesale revenues in the third quarter 2006 due to an october 2006 ferc order requiring entergy arkansas to make a refund to a coal plant co-owner resulting from a contract dispute , in addition to re-pricing revisions , retroactive to 2003 , of $ 5.9 million of purchased power agreements among entergy system companies as directed by the ferc .the transmission revenue variance is primarily due to higher rates and the addition of new transmission customers in late 2006 .the deferred fuel cost revisions variance is primarily due to the 2006 energy cost recovery true-up , made in the first quarter 2007 , which increased net revenue by $ 6.6 million .gross operating revenue and fuel and purchased power expenses gross operating revenues decreased primarily due to a decrease of $ 173.1 million in fuel cost recovery revenues due to a decrease in the energy cost recovery rider effective april 2007 .the energy cost recovery rider is discussed in note 2 to the financial statements .the decrease was partially offset by production cost allocation rider revenues of $ 124.1 million that became effective in july 2007 as a result of the system agreement proceedings .as .
|
what percent of the net change in revenue between 2007 and 2008 was due to transmission revenue?
|
32.7%
|
{
"answer": "32.7%",
"decimal": 0.327,
"type": "percentage"
}
| |
certain reclassifications and format changes have been made to prior years 2019 amounts to conform to the 2015 presentation .b .investments .fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets .fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) .the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities .the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities .fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency .the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities .for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions .interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) .unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses .short-term investments are stated at cost , which approximates market value .realized gains or losses on sales of investments are determined on the basis of identified cost .for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s .treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security .for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs .when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value .retrospective adjustments are employed to recalculate the values of asset-backed securities .each acquisition lot is reviewed to recalculate the effective yield .the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition .outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities .conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types .other invested assets include limited partnerships and rabbi trusts .limited partnerships are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag .c .uncollectible receivable balances .the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances .such reserves are presented in the table below for the periods indicated. .
[['( dollars in thousands )', 'years ended december 31 , 2015', 'years ended december 31 , 2014'], ['reinsurance receivables and premium receivables', '$ 22878', '$ 29497']]
.
|
what is the change in the reinsurance receivables and premium receivables from 2014 to 2015 in thousands
|
-6619
|
{
"answer": "-6619",
"decimal": -6619,
"type": "float"
}
| |
the goldman sachs group , inc .and subsidiaries notes to consolidated financial statements commercial lending .the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers .commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes .the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing .commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources .sumitomo mitsui financial group , inc .( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) .the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively .the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million .in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 .the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg .these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index .warehouse financing .the firm provides financing to clients who warehouse financial assets .these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans .contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days .the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements .the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused .letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements .investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages .investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm .if these commitments are called , they would be funded at market value on the date of investment .leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 .certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges .the table below presents future minimum rental payments , net of minimum sublease rentals .$ in millions december 2016 .
[['$ in millions', 'as of december 2016'], ['2017', '$ 290'], ['2018', '282'], ['2019', '238'], ['2020', '206'], ['2021', '159'], ['2022 - thereafter', '766'], ['total', '$ 1941']]
rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 .operating leases include office space held in excess of current requirements .rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits .costs to terminate a lease before the end of its term are recognized and measured at fair value on termination .during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space .goldman sachs 2016 form 10-k 169 .
|
what were total investment commitments in billions for 2016 and 2015 related to commitments to invest in funds managed by the firm?
|
4.96
|
{
"answer": "4.96",
"decimal": 4.96,
"type": "float"
}
| |
jpmorgan chase & co./2018 form 10-k 41 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors .the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .and is composed of leading national money center and regional banks and thrifts .the s&p financial index is an index of financial companies , all of which are components of the s&p 500 .the firm is a component of all three industry indices .the following table and graph assume simultaneous investments of $ 100 on december 31 , 2013 , in jpmorgan chase common stock and in each of the above indices .the comparison assumes that all dividends are reinvested .december 31 , ( in dollars ) 2013 2014 2015 2016 2017 2018 .
[['december 31 ( in dollars )', '2013', '2014', '2015', '2016', '2017', '2018'], ['jpmorgan chase', '$ 100.00', '$ 109.88', '$ 119.07', '$ 160.23', '$ 203.07', '$ 189.57'], ['kbw bank index', '100.00', '109.36', '109.90', '141.23', '167.49', '137.82'], ['s&p financial index', '100.00', '115.18', '113.38', '139.17', '169.98', '147.82'], ['s&p 500 index', '100.00', '113.68', '115.24', '129.02', '157.17', '150.27']]
december 31 , ( in dollars ) .
|
what is the estimated average return for the s&p financial index and the s&p 500 index in the firs year of the investment of $ 100?
|
14.43%
|
{
"answer": "14.43%",
"decimal": 0.14429999999999998,
"type": "percentage"
}
|
its the average of the percentual return provided by each indice during the years 2013 and 2014 .
|
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense .also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income .the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses .2015 compared to 2014 net income increased slightly , by $ 0.6 million , primarily due to higher net revenue and a lower effective income tax rate , offset by higher other operation and maintenance expenses , higher depreciation and amortization expenses , lower other income , and higher interest expense .net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .following is an analysis of the change in net revenue comparing 2016 to 2015 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2015 net revenue', '$ 2408.8'], ['retail electric price', '69.0'], ['transmission equalization', '-6.5 ( 6.5 )'], ['volume/weather', '-6.7 ( 6.7 )'], ['louisiana act 55 financing savings obligation', '-17.2 ( 17.2 )'], ['other', '-9.0 ( 9.0 )'], ['2016 net revenue', '$ 2438.4']]
the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station .see note 2 to the financial statements for further discussion .the transmission equalization variance is primarily due to changes in transmission investments , including entergy louisiana 2019s exit from the system agreement in august 2016 .the volume/weather variance is primarily due to the effect of less favorable weather on residential sales , partially offset by an increase in industrial usage and an increase in volume during the unbilled period .the increase .
|
assuming the retail electric price increase wouldn't have occured , what would 2016 net revenue have been , in millions?
|
2369.4
|
{
"answer": "2369.4",
"decimal": 2369.4,
"type": "float"
}
| |
the activity related to the restructuring liability for 2004 is as follows ( in thousands ) : non-operating items interest income increased $ 1.7 million to $ 12.0 million in 2005 from $ 10.3 million in 2004 .the increase was mainly the result of higher returns on invested funds .interest expense decreased $ 1.0 million , or 5% ( 5 % ) , to $ 17.3 million in 2005 from $ 18.3 million in 2004 as a result of the exchange of newly issued stock for a portion of our outstanding convertible debt in the second half of 2005 .in addition , as a result of the issuance during 2005 of common stock in exchange for convertible subordinated notes , we recorded a non- cash charge of $ 48.2 million .this charge related to the incremental shares issued in the transactions over the number of shares that would have been issued upon the conversion of the notes under their original terms .liquidity and capital resources we have incurred operating losses since our inception and historically have financed our operations principally through public and private offerings of our equity and debt securities , strategic collaborative agreements that include research and/or development funding , development milestones and royalties on the sales of products , investment income and proceeds from the issuance of stock under our employee benefit programs .at december 31 , 2006 , we had cash , cash equivalents and marketable securities of $ 761.8 million , which was an increase of $ 354.2 million from $ 407.5 million at december 31 , 2005 .the increase was primarily a result of : 2022 $ 313.7 million in net proceeds from our september 2006 public offering of common stock ; 2022 $ 165.0 million from an up-front payment we received in connection with signing the janssen agreement ; 2022 $ 52.4 million from the issuance of common stock under our employee benefit plans ; and 2022 $ 30.0 million from the sale of shares of altus pharmaceuticals inc .common stock and warrants to purchase altus common stock .these cash inflows were partially offset by the significant cash expenditures we made in 2006 related to research and development expenses and sales , general and administrative expenses .capital expenditures for property and equipment during 2006 were $ 32.4 million .at december 31 , 2006 , we had $ 42.1 million in aggregate principal amount of the 2007 notes and $ 59.6 million in aggregate principal amount of the 2011 notes outstanding .the 2007 notes are due in september 2007 and are convertible into common stock at the option of the holder at a price equal to $ 92.26 per share , subject to adjustment under certain circumstances .in february 2007 , we announced that we will redeem our 2011 notes on march 5 , 2007 .the 2011 notes are convertible into shares of our common stock at the option of the holder at a price equal to $ 14.94 per share .we expect the holders of the 2011 notes will elect to convert their notes into stock , in which case we will issue approximately 4.0 million .we will be required to repay any 2011 notes that are not converted at the rate of $ 1003.19 per $ 1000 principal amount , which includes principal and interest that will accrue to the redemption date .liability as of december 31 , payments in 2004 cash received from sublease , net of operating costs in 2004 additional charge in liability as of december 31 , lease restructuring liability and other operating lease liability $ 69526 $ ( 31550 ) $ 293 $ 17574 $ 55843 .
[['', 'liability as of december 31 2003', 'cash payments in 2004', 'cash received from sublease net of operating costs in 2004', 'additional charge in 2004', 'liability as of december 31 2004'], ['lease restructuring liability and other operating lease liability', '$ 69526', '$ -31550 ( 31550 )', '$ 293', '$ 17574', '$ 55843']]
the activity related to the restructuring liability for 2004 is as follows ( in thousands ) : non-operating items interest income increased $ 1.7 million to $ 12.0 million in 2005 from $ 10.3 million in 2004 .the increase was mainly the result of higher returns on invested funds .interest expense decreased $ 1.0 million , or 5% ( 5 % ) , to $ 17.3 million in 2005 from $ 18.3 million in 2004 as a result of the exchange of newly issued stock for a portion of our outstanding convertible debt in the second half of 2005 .in addition , as a result of the issuance during 2005 of common stock in exchange for convertible subordinated notes , we recorded a non- cash charge of $ 48.2 million .this charge related to the incremental shares issued in the transactions over the number of shares that would have been issued upon the conversion of the notes under their original terms .liquidity and capital resources we have incurred operating losses since our inception and historically have financed our operations principally through public and private offerings of our equity and debt securities , strategic collaborative agreements that include research and/or development funding , development milestones and royalties on the sales of products , investment income and proceeds from the issuance of stock under our employee benefit programs .at december 31 , 2006 , we had cash , cash equivalents and marketable securities of $ 761.8 million , which was an increase of $ 354.2 million from $ 407.5 million at december 31 , 2005 .the increase was primarily a result of : 2022 $ 313.7 million in net proceeds from our september 2006 public offering of common stock ; 2022 $ 165.0 million from an up-front payment we received in connection with signing the janssen agreement ; 2022 $ 52.4 million from the issuance of common stock under our employee benefit plans ; and 2022 $ 30.0 million from the sale of shares of altus pharmaceuticals inc .common stock and warrants to purchase altus common stock .these cash inflows were partially offset by the significant cash expenditures we made in 2006 related to research and development expenses and sales , general and administrative expenses .capital expenditures for property and equipment during 2006 were $ 32.4 million .at december 31 , 2006 , we had $ 42.1 million in aggregate principal amount of the 2007 notes and $ 59.6 million in aggregate principal amount of the 2011 notes outstanding .the 2007 notes are due in september 2007 and are convertible into common stock at the option of the holder at a price equal to $ 92.26 per share , subject to adjustment under certain circumstances .in february 2007 , we announced that we will redeem our 2011 notes on march 5 , 2007 .the 2011 notes are convertible into shares of our common stock at the option of the holder at a price equal to $ 14.94 per share .we expect the holders of the 2011 notes will elect to convert their notes into stock , in which case we will issue approximately 4.0 million .we will be required to repay any 2011 notes that are not converted at the rate of $ 1003.19 per $ 1000 principal amount , which includes principal and interest that will accrue to the redemption date .liability as of december 31 , payments in 2004 cash received from sublease , net of operating costs in 2004 additional charge in liability as of december 31 , lease restructuring liability and other operating lease liability $ 69526 $ ( 31550 ) $ 293 $ 17574 $ 55843 .
|
what is the total change in liability , in dollars , between 2003 and 2004?
|
-13683
|
{
"answer": "-13683",
"decimal": -13683,
"type": "float"
}
| |
notes to consolidated financial statements jpmorgan chase & co .150 jpmorgan chase & co ./ 2007 annual report expected loss modeling in 2006 , the firm restructured four multi-seller conduits that it administers .the restructurings included enhancing the firm 2019s expected loss model .in determining the primary beneficiary of the conduits it administers , the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the rela- tive rights and obligations of each of the variable interest holders .the variability to be considered in the modeling of expected losses is based on the design of the entity .the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its vari- able interest holders , as the assets are intended to be held in the conduit for the longer term .under fin 46r , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs .in applying this guidance to the conduits , the following events are considered to be reconsideration events as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary .from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsidera- tion event due to the frequency of their occurrence .instead , the firm runs its expected loss model each quarter and includes a growth assumption for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter .as part of its normal quarterly model review , the firm reassesses the underlying assumptions and inputs of the expected loss model .during the second half of 2007 , certain assumptions used in the model were adjusted to reflect the then current market conditions .specifically , risk ratings and loss given default assumptions relating to residential subprime mortgage exposures were modified .for other nonmortgage-related asset classes , the firm determined that the assumptions in the model required little adjustment .as a result of the updates to the model , during the fourth quarter of 2007 the terms of the elns were renegotiated to increase the level of commit- ment and funded amounts to be provided by the eln holders .the total amount of expected loss notes outstanding at december 31 , 2007 and 2006 , were $ 130 million and $ 54 million , respectively .management concluded that the model assumptions used were reflective of market participant 2019s assumptions and appropriately considered the probability of a recurrence of recent market events .qualitative considerations the multi-seller conduits are primarily designed to provide an efficient means for clients to access the commercial paper market .the firm believes the conduits effectively disperse risk among all parties and that the preponderance of economic risk in the firm 2019s multi-seller conduits is not held by jpmorgan chase .the percentage of assets in the multi-seller conduits that the firm views as client-related represent 99% ( 99 % ) and 98% ( 98 % ) of the total conduits 2019 holdings at december 31 , 2007 and 2006 , respectively .consolidated sensitivity analysis on capital it is possible that the firm could be required to consolidate a vie if it were determined that the firm became the primary beneficiary of the vie under the provisions of fin 46r .the factors involved in making the determination of whether or not a vie should be consolidated are dis- cussed above and in note 1 on page 108 of this annual report .the table below shows the impact on the firm 2019s reported assets , liabilities , net income , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it administers .as of or for the year ending december 31 , 2007 .
[['( in billions except ratios )', 'reported', 'pro forma'], ['assets', '$ 1562.1', '$ 1623.9'], ['liabilities', '1438.9', '1500.9'], ['net income', '15.4', '15.2'], ['tier 1 capital ratio', '8.4% ( 8.4 % )', '8.4% ( 8.4 % )'], ['tier 1 leverage ratio', '6.0', '5.8']]
the firm could fund purchases of assets from vies should it become necessary .investor intermediation as a financial intermediary , the firm creates certain types of vies and also structures transactions , typically derivative structures , with these vies to meet investor needs .the firm may also provide liquidity and other support .the risks inherent in the derivative instruments or liq- uidity commitments are managed similarly to other credit , market or liquidity risks to which the firm is exposed .the principal types of vies for which the firm is engaged in these structuring activities are municipal bond vehicles , credit-linked note vehicles and collateralized debt obligation vehicles .municipal bond vehicles the firm has created a series of secondary market trusts that provide short-term investors with qualifying tax-exempt investments , and that allow investors in tax-exempt securities to finance their investments at short-term tax-exempt rates .in a typical transaction , the vehicle pur- chases fixed-rate longer-term highly rated municipal bonds and funds the purchase by issuing two types of securities : ( 1 ) putable floating- rate certificates and ( 2 ) inverse floating-rate residual interests ( 201cresid- ual interests 201d ) .the maturity of each of the putable floating-rate certifi- cates and the residual interests is equal to the life of the vehicle , while the maturity of the underlying municipal bonds is longer .holders of the putable floating-rate certificates may 201cput 201d , or tender , the certifi- cates if the remarketing agent cannot successfully remarket the float- ing-rate certificates to another investor .a liquidity facility conditionally obligates the liquidity provider to fund the purchase of the tendered floating-rate certificates .upon termination of the vehicle , if the pro- ceeds from the sale of the underlying municipal bonds are not suffi- cient to repay the liquidity facility , the liquidity provider has recourse either to excess collateralization in the vehicle or the residual interest holders for reimbursement .the third-party holders of the residual interests in these vehicles could experience losses if the face amount of the putable floating-rate cer- tificates exceeds the market value of the municipal bonds upon termi- nation of the vehicle .certain vehicles require a smaller initial invest- ment by the residual interest holders and thus do not result in excess collateralization .for these vehicles there exists a reimbursement obli- .
|
in 2007 what was the reported debt to the assets ratio
|
0.92
|
{
"answer": "0.92",
"decimal": 0.92,
"type": "float"
}
| |
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) 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 , 2018', 'years ended december 31 , 2017', 'years ended december 31 , 2016'], ['net income adjusted to reconcile to net cash provided by operating activities1', '$ 1013.0', '$ 852.1', '$ 1018.6'], ['net cash ( used in ) provided by working capital2', '-431.1 ( 431.1 )', '5.3', '-410.3 ( 410.3 )'], ['changes in other non-current assets and liabilities', '-16.8 ( 16.8 )', '24.4', '-95.5 ( 95.5 )'], ['net cash provided by operating activities', '$ 565.1', '$ 881.8', '$ 512.8'], ['net cash used in investing activities', '-2491.5 ( 2491.5 )', '-196.2 ( 196.2 )', '-263.9 ( 263.9 )'], ['net cash provided by ( used in ) financing activities', '1853.2', '-1004.9 ( 1004.9 )', '-666.4 ( 666.4 )']]
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 , net losses on sales of businesses and deferred income taxes .2 reflects changes in accounts receivable , accounts receivable billable to clients , other current assets , accounts payable and accrued liabilities .operating activities due to the seasonality of our business , we typically use cash from working capital in the first nine months of a year , with the largest impact in the first quarter , and generate cash from working capital in the fourth quarter , driven by the seasonally strong media spending by our clients .quarterly and annual working capital results are impacted by the fluctuating annual media spending budgets of our clients as well as their changing media spending patterns throughout each year across various countries .the timing of media buying on behalf of our clients across various countries affects our working capital and operating cash flow and can be volatile .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 , which substantially exceed our revenues , primarily affect the level of accounts receivable , accounts payable , accrued liabilities and contract 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 .net cash provided by operating activities during 2018 was $ 565.1 , which was a decrease of $ 316.7 as compared to 2017 , primarily as a result of an increase in working capital usage of $ 436.4 .working capital in 2018 was impacted by the spending levels of our clients as compared to 2017 .the working capital usage in both periods was primarily attributable to our media businesses .net cash provided by operating activities during 2017 was $ 881.8 , which was an increase of $ 369.0 as compared to 2016 , primarily as a result of an improvement in working capital usage of $ 415.6 .working capital in 2017 benefited from the spending patterns of our clients compared to 2016 .investing activities net cash used in investing activities during 2018 consisted of payments for acquisitions of $ 2309.8 , related mostly to the acxiom acquisition , and payments for capital expenditures of $ 177.1 , related mostly to leasehold improvements and computer hardware and software. .
|
what is the average of net cash provided by operating activities from 2016 to 2018 , in millions?
|
653.23
|
{
"answer": "653.23",
"decimal": 653.23,
"type": "float"
}
| |
note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
[['', '2018', '2017', '2016'], ['weighted average common shares outstanding for basic computations', '284.5', '287.8', '299.3'], ['weighted average dilutive effect of equity awards', '2.3', '2.8', '3.8'], ['weighted average common shares outstanding for diluted computations', '286.8', '290.6', '303.1']]
we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented .our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units ( rsus ) , performance stock units ( psus ) and exercise of outstanding stock options based on the treasury stock method .there were no significant anti-dilutive equity awards for the years ended december 31 , 2018 , 2017 and 2016 .note 3 2013 acquisition and divestitures consolidation of awe management limited on august 24 , 2016 , we increased our ownership interest in the awe joint venture , which operates the united kingdom 2019s nuclear deterrent program , from 33% ( 33 % ) to 51% ( 51 % ) .consequently , we began consolidating awe and our operating results include 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit .prior to increasing our ownership interest , we accounted for our investment in awe using the equity method of accounting .under the equity method , we recognized only 33% ( 33 % ) of awe 2019s earnings or losses and no sales .accordingly , prior to august 24 , 2016 , the date we obtained control , we recorded 33% ( 33 % ) of awe 2019s net earnings in our operating results and subsequent to august 24 , 2016 , we recognized 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit .we accounted for this transaction as a 201cstep acquisition 201d ( as defined by u.s .gaap ) , which requires us to consolidate and record the assets and liabilities of awe at fair value .accordingly , we recorded intangible assets of $ 243 million related to customer relationships , $ 32 million of net liabilities , and noncontrolling interests of $ 107 million .the intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows .in 2016 , we recognized a non-cash net gain of $ 104 million associated with obtaining a controlling interest in awe , which consisted of a $ 127 million pretax gain recognized in the operating results of our space business segment and $ 23 million of tax-related items at our corporate office .the gain represented the fair value of our 51% ( 51 % ) interest in awe , less the carrying value of our previously held investment in awe and deferred taxes .the gain was recorded in other income , net on our consolidated statements of earnings .the fair value of awe ( including the intangible assets ) , our controlling interest , and the noncontrolling interests were determined using the income approach .divestiture of the information systems & global solutions business on august 16 , 2016 , we divested our former is&gs business , which merged with 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. .
|
what was the change in the weighted average common shares outstanding for diluted computations from 2017 to 2018
|
-1.3%
|
{
"answer": "-1.3%",
"decimal": -0.013000000000000001,
"type": "percentage"
}
| |
zimmer holdings , inc .2013 form 10-k annual report notes to consolidated financial statements ( continued ) state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return .the state impact of any federal changes generally remains subject to examination by various states for a period of up to one year after formal notification to the states .we have various state income tax returns in the process of examination , administrative appeals or litigation .our tax returns are currently under examination in various foreign jurisdictions .foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years .years still open to examination by foreign tax authorities in major jurisdictions include : australia ( 2009 onward ) , canada ( 2007 onward ) , france ( 2011 onward ) , germany ( 2009 onward ) , ireland ( 2009 onward ) , italy ( 2010 onward ) , japan ( 2010 onward ) , korea ( 2008 onward ) , puerto rico ( 2008 onward ) , switzerland ( 2012 onward ) , and the united kingdom ( 2012 onward ) .16 .capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2013 .the numerator for both basic and diluted earnings per share is net earnings available to common stockholders .the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period .the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards .the following is a reconciliation of weighted average shares for the basic and diluted share computations ( in millions ) : .
[['for the years ended december 31,', '2013', '2012', '2011'], ['weighted average shares outstanding for basic net earnings per share', '169.6', '174.9', '187.6'], ['effect of dilutive stock options and other equity awards', '2.2', '1.1', '1.1'], ['weighted average shares outstanding for diluted net earnings per share', '171.8', '176.0', '188.7']]
weighted average shares outstanding for basic net earnings per share 169.6 174.9 187.6 effect of dilutive stock options and other equity awards 2.2 1.1 1.1 weighted average shares outstanding for diluted net earnings per share 171.8 176.0 188.7 for the year ended december 31 , 2013 , an average of 3.1 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock .for the years ended december 31 , 2012 and 2011 , an average of 11.9 million and 13.2 million options , respectively , were not included .during 2013 , we repurchased 9.1 million shares of our common stock at an average price of $ 78.88 per share for a total cash outlay of $ 719.0 million , including commissions .effective january 1 , 2014 , we have a new share repurchase program that authorizes purchases of up to $ 1.0 billion with no expiration date .no further purchases will be made under the previous share repurchase program .17 .segment data we design , develop , manufacture and market orthopaedic reconstructive implants , biologics , dental implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in surgical procedures and post-operation rehabilitation .we also provide other healthcare-related services .we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the u.s .and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and african markets ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets .this structure is the basis for our reportable segment information discussed below .management evaluates reportable segment performance based upon segment operating profit exclusive of operating expenses pertaining to share-based payment expense , inventory step-up and certain other inventory and manufacturing related charges , 201ccertain claims , 201d goodwill impairment , 201cspecial items , 201d and global operations and corporate functions .global operations and corporate functions include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , u.s. , puerto rico and ireland-based manufacturing operations and logistics and intangible asset amortization resulting from business combination accounting .intercompany transactions have been eliminated from segment operating profit .management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s. , puerto rico and ireland-based manufacturing operations and logistics and corporate assets. .
|
what percent increase does dilutive stock have on the value of weighted shares outstanding for earnings per share in 2013?
|
1.297%
|
{
"answer": "1.297%",
"decimal": 0.012969999999999999,
"type": "percentage"
}
| |
information about stock options at december 31 , 2007 follows: .
[['december 31 2007shares in thousandsrange of exercise prices', 'options outstanding shares', 'options outstanding weighted- averageexercise price', 'options outstanding weighted-average remaining contractual life ( in years )', 'options outstanding shares', 'weighted-averageexercise price'], ['$ 37.43 2013 $ 46.99', '1444', '$ 43.05', '4.0', '1444', '$ 43.05'], ['47.00 2013 56.99', '3634', '53.43', '5.4', '3022', '53.40'], ['57.00 2013 66.99', '3255', '60.32', '5.2', '2569', '58.96'], ['67.00 2013 76.23', '5993', '73.03', '5.5', '3461', '73.45'], ['total', '14326', '$ 62.15', '5.3', '10496', '$ 59.95']]
( a ) the weighted-average remaining contractual life was approximately 4.2 years .at december 31 , 2007 , there were approximately 13788000 options in total that were vested and are expected to vest .the weighted-average exercise price of such options was $ 62.07 per share , the weighted-average remaining contractual life was approximately 5.2 years , and the aggregate intrinsic value at december 31 , 2007 was approximately $ 92 million .stock options granted in 2005 include options for 30000 shares that were granted to non-employee directors that year .no such options were granted in 2006 or 2007 .awards granted to non-employee directors in 2007 include 20944 deferred stock units awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment under sfas 123r until such awards are paid to the participants as cash .as there are no vestings or service requirements on these awards , total compensation expense is recognized in full on all awarded units on the date of grant .the weighted-average grant-date fair value of options granted in 2007 , 2006 and 2005 was $ 11.37 , $ 10.75 and $ 9.83 per option , respectively .to determine stock-based compensation expense under sfas 123r , the grant-date fair value is applied to the options granted with a reduction made for estimated forfeitures .at december 31 , 2006 and 2005 options for 10743000 and 13582000 shares of common stock , respectively , were exercisable at a weighted-average price of $ 58.38 and $ 56.58 , respectively .the total intrinsic value of options exercised during 2007 , 2006 and 2005 was $ 52 million , $ 111 million and $ 31 million , respectively .at december 31 , 2007 the aggregate intrinsic value of all options outstanding and exercisable was $ 94 million and $ 87 million , respectively .cash received from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 111 million , $ 233 million and $ 98 million , respectively .the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 39 million , $ 82 million and $ 34 million , respectively .there were no options granted in excess of market value in 2007 , 2006 or 2005 .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 40116726 at december 31 , 2007 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 41787400 shares at december 31 , 2007 , which includes shares available for issuance under the incentive plans , the employee stock purchase plan as described below , and a director plan .during 2007 , we issued approximately 2.1 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we intend to utilize treasury stock for future stock option exercises .as discussed in note 1 accounting policies , we adopted the fair value recognition provisions of sfas 123 prospectively to all employee awards including stock options granted , modified or settled after january 1 , 2003 .as permitted under sfas 123 , we recognized compensation expense for stock options on a straight-line basis over the pro rata vesting period .total compensation expense recognized related to pnc stock options in 2007 was $ 29 million compared with $ 31 million in 2006 and $ 29 million in 2005 .pro forma effects a table is included in note 1 accounting policies that sets forth pro forma net income and basic and diluted earnings per share as if compensation expense had been recognized under sfas 123 and 123r , as amended , for stock options for 2005 .for purposes of computing stock option expense and 2005 pro forma results , we estimated the fair value of stock options using the black-scholes option pricing model .the model requires the use of numerous assumptions , many of which are very subjective .therefore , the 2005 pro forma results are estimates of results of operations as if compensation expense had been recognized for all stock-based compensation awards and are not indicative of the impact on future periods. .
|
what was the total intrinsic value of options exercised during 2007 , 2006 and 2005 in millions?
|
194
|
{
"answer": "194",
"decimal": 194,
"type": "float"
}
| |
synopsys , inc .notes to consolidated financial statements 2014continued the aggregate purchase price consideration was approximately us$ 417.0 million .as of october 31 , 2012 , the total purchase consideration and the preliminary purchase price allocation were as follows: .
[['', '( in thousands )'], ['cash paid', '$ 373519'], ['fair value of shares to be acquired through a follow-on merger', '34054'], ['fair value of equity awards allocated to purchase consideration', '9383'], ['total purchase consideration', '$ 416956'], ['goodwill', '247482'], ['identifiable intangibles assets acquired', '108867'], ['cash and other assets acquired', '137222'], ['liabilities assumed', '-76615 ( 76615 )'], ['total purchase allocation', '$ 416956']]
goodwill of $ 247.5 million , which is generally not deductible for tax purposes , primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of springsoft 2019s technology and operations with the company 2019s technology and operations .identifiable intangible assets , consisting primarily of technology , customer relationships , backlog and trademarks , were valued using the income method , and are being amortized over three to eight years .acquisition-related costs directly attributable to the business combination were $ 6.6 million for fiscal 2012 and were expensed as incurred in the consolidated statements of operations .these costs consisted primarily of employee separation costs and professional services .fair value of equity awards : pursuant to the merger agreement , the company assumed all the unvested outstanding stock options of springsoft upon the completion of the merger and the vested options were exchanged for cash in the merger .on october 1 , 2012 , the date of the completion of the tender offer , the fair value of the awards to be assumed and exchanged was $ 9.9 million , calculated using the black-scholes option pricing model .the black-scholes option-pricing model incorporates various subjective assumptions including expected volatility , expected term and risk-free interest rates .the expected volatility was estimated by a combination of implied and historical stock price volatility of the options .non-controlling interest : non-controlling interest represents the fair value of the 8.4% ( 8.4 % ) of outstanding springsoft shares that were not acquired during the tender offer process completed on october 1 , 2012 and the fair value of the option awards that were to be assumed or exchanged for cash upon the follow-on merger .the fair value of the non-controlling interest included as part of the aggregate purchase consideration was $ 42.8 million and is disclosed as a separate line in the october 31 , 2012 consolidated statements of stockholders 2019 equity .during the period between the completion of the tender offer and the end of the company 2019s fiscal year on october 31 , 2012 , the non-controlling interest was adjusted by $ 0.5 million to reflect the non-controlling interest 2019s share of the operating loss of springsoft in that period .as the amount is not significant , it has been included as part of other income ( expense ) , net , in the consolidated statements of operations. .
|
what is the difference between cash and other assets acquired and liabilities assumed?
|
60607
|
{
"answer": "60607",
"decimal": 60607,
"type": "float"
}
| |
pipeline transportation 2013 we own a system of pipelines through marathon pipe line llc ( 201cmpl 201d ) and ohio river pipe line llc ( 201corpl 201d ) , our wholly-owned subsidiaries .our pipeline systems transport crude oil and refined products primarily in the midwest and gulf coast regions to our refineries , our terminals and other pipeline systems .our mpl and orpl wholly-owned and undivided interest common carrier systems consist of 1737 miles of crude oil lines and 1825 miles of refined product lines comprising 32 systems located in 11 states .the mpl common carrier pipeline network is one of the largest petroleum pipeline systems in the united states , based on total barrels delivered .our common carrier pipeline systems are subject to state and federal energy regulatory commission regulations and guidelines , including published tariffs for the transportation of crude oil and refined products .third parties generated 13 percent of the crude oil and refined product shipments on our mpl and orpl common carrier pipelines in 2009 .our mpl and orpl common carrier pipelines transported the volumes shown in the following table for each of the last three years .pipeline barrels handled ( thousands of barrels per day ) 2009 2008 2007 .
[['( thousands of barrels per day )', '2009', '2008', '2007'], ['crude oil trunk lines', '1279', '1405', '1451'], ['refined products trunk lines', '953', '960', '1049'], ['total', '2232', '2365', '2500']]
we also own 196 miles of private crude oil pipelines and 850 miles of private refined products pipelines , and we lease 217 miles of common carrier refined product pipelines .we have partial ownership interests in several pipeline companies that have approximately 780 miles of crude oil pipelines and 3600 miles of refined products pipelines , including about 970 miles operated by mpl .in addition , mpl operates most of our private pipelines and 985 miles of crude oil and 160 miles of natural gas pipelines owned by our e&p segment .our major refined product pipelines include the owned and operated cardinal products pipeline and the wabash pipeline .the cardinal products pipeline delivers refined products from kenova , west virginia , to columbus , ohio .the wabash pipeline system delivers product from robinson , illinois , to various terminals in the area of chicago , illinois .other significant refined product pipelines owned and operated by mpl extend from : robinson , illinois , to louisville , kentucky ; garyville , louisiana , to zachary , louisiana ; and texas city , texas , to pasadena , texas .in addition , as of december 31 , 2009 , we had interests in the following refined product pipelines : 2022 65 percent undivided ownership interest in the louisville-lexington system , a petroleum products pipeline system extending from louisville to lexington , kentucky ; 2022 60 percent interest in muskegon pipeline llc , which owns a refined products pipeline extending from griffith , indiana , to north muskegon , michigan ; 2022 50 percent interest in centennial pipeline llc , which owns a refined products system connecting the gulf coast region with the midwest market ; 2022 17 percent interest in explorer pipeline company , a refined products pipeline system extending from the gulf coast to the midwest ; and 2022 6 percent interest in wolverine pipe line company , a refined products pipeline system extending from chicago , illinois , to toledo , ohio .our major owned and operated crude oil lines run from : patoka , illinois , to catlettsburg , kentucky ; patoka , illinois , to robinson , illinois ; patoka , illinois , to lima , ohio ; lima , ohio to canton , ohio ; samaria , michigan , to detroit , michigan ; and st .james , louisiana , to garyville , louisiana .as of december 31 , 2009 , we had interests in the following crude oil pipelines : 2022 51 percent interest in loop llc , the owner and operator of loop , which is the only u.s .deepwater oil port , located 18 miles off the coast of louisiana , and a crude oil pipeline connecting the port facility to storage caverns and tanks at clovelly , louisiana ; 2022 59 percent interest in locap llc , which owns a crude oil pipeline connecting loop and the capline system; .
|
what was the percentage decline in pipeline barrels from 2007 to 2009?
|
10.7%
|
{
"answer": "10.7%",
"decimal": 0.107,
"type": "percentage"
}
| |
in 2017 , the company granted 440076 shares of restricted class a common stock and 7568 shares of restricted stock units .restricted common stock and restricted stock units generally have a vesting period of two to four years .the fair value related to these grants was $ 58.7 million , which is recognized as compensation expense on an accelerated basis over the vesting period .dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .in 2017 , the company also granted 203298 performance shares .the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .the vesting of these shares is contingent on meeting stated performance or market conditions .the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2017 : number of shares weighted average grant date fair value .
[['', 'number of shares', 'weightedaveragegrant datefair value'], ['outstanding at december 31 2016', '1820578', '$ 98'], ['granted', '650942', '129'], ['vested', '-510590 ( 510590 )', '87'], ['cancelled', '-401699 ( 401699 )', '95'], ['outstanding at december 31 2017', '1559231', '116']]
the total fair value of restricted stock , restricted stock units , and performance shares that vested during 2017 , 2016 and 2015 was $ 66.0 million , $ 59.8 million and $ 43.3 million , respectively .under the espp , eligible employees may acquire shares of 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 global select market .compensation expense is recognized on the dates of purchase for the discount from the closing price .in 2017 , 2016 and 2015 , a total of 19936 , 19858 and 19756 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 $ 0.3 million for the purchase discount was recognized in 2017 , and $ 0.2 million was recognized in both 2016 and 2015 .non-executive directors receive an annual award of class a common stock with a value equal to $ 100000 .non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 60000 , in shares of stock based on the closing price at the date of distribution .as a result , 19736 shares , 26439 shares and 25853 shares of class a common stock were issued to non-executive directors during 2017 , 2016 and 2015 , respectively .these shares are not subject to any vesting restrictions .expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .
|
what is the ratio of perfomance shares as a percent of the total number of granted shares?
|
31%
|
{
"answer": "31%",
"decimal": 0.31,
"type": "percentage"
}
|
its the division of the number of perfomance shares ( 203298 ) by the total number of granted shares ( 650942 ) .
|
in 2011 , we transferred approximately 1.3 million shares of blackrock series c preferred stock to blackrock in connection with our obligation .in 2013 , we transferred an additional .2 million shares to blackrock .at december 31 , 2015 , we held approximately 1.3 million shares of blackrock series c preferred stock which were available to fund our obligation in connection with the blackrock ltip programs .see note 24 subsequent events for information on our february 1 , 2016 transfer of 0.5 million shares of the series c preferred stock to blackrock to satisfy a portion of our ltip obligation .pnc accounts for its blackrock series c preferred stock at fair value , which offsets the impact of marking-to-market the obligation to deliver these shares to blackrock .the fair value of the blackrock series c preferred stock is included on our consolidated balance sheet in the caption other assets .additional information regarding the valuation of the blackrock series c preferred stock is included in note 7 fair value .note 14 financial derivatives we use derivative financial instruments ( derivatives ) primarily to help manage exposure to interest rate , market and credit risk and reduce the effects that changes in interest rates may have on net income , the fair value of assets and liabilities , and cash flows .we also enter into derivatives with customers to facilitate their risk management activities .derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract .derivative transactions are often measured in terms of notional amount , but this amount is generally not exchanged and it is not recorded on the balance sheet .the notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract .the underlying is a referenced interest rate ( commonly libor ) , security price , credit spread or other index .residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments .the following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by pnc : table 111 : total gross derivatives .
[['in millions', 'december 31 2015 notional/contractamount', 'december 31 2015 assetfairvalue ( a )', 'december 31 2015 liabilityfairvalue ( b )', 'december 31 2015 notional/contractamount', 'december 31 2015 assetfairvalue ( a )', 'liabilityfairvalue ( b )'], ['derivatives designated as hedging instruments under gaap', '$ 52074', '$ 1159', '$ 174', '$ 49061', '$ 1261', '$ 186'], ['derivatives not designated as hedging instruments under gaap', '295902', '3782', '3628', '291256', '3973', '3841'], ['total gross derivatives', '$ 347976', '$ 4941', '$ 3802', '$ 340317', '$ 5234', '$ 4027']]
( a ) included in other assets on our consolidated balance sheet .( b ) included in other liabilities on our consolidated balance sheet .all derivatives are carried on our consolidated balance sheet at fair value .derivative balances are presented on the consolidated balance sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and , when appropriate , any related cash collateral exchanged with counterparties .further discussion regarding the offsetting rights associated with these legally enforceable master netting agreements is included in the offsetting , counterparty credit risk , and contingent features section below .any nonperformance risk , including credit risk , is included in the determination of the estimated net fair value of the derivatives .further discussion on how derivatives are accounted for is included in note 1 accounting policies .derivatives designated as hedging instruments under gaap certain derivatives used to manage interest rate and foreign exchange risk as part of our asset and liability risk management activities are designated as accounting hedges under gaap .derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges , derivatives hedging the variability of expected future cash flows are considered cash flow hedges , and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges .designating derivatives as accounting hedges allows for gains and losses on those derivatives , to the extent effective , to be recognized in the income statement in the same period the hedged items affect earnings .180 the pnc financial services group , inc .2013 form 10-k .
|
was the derivatives designated as hedging instruments under gaap greater than the derivatives not designated as hedging instruments under gaap for 2015?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
}
| |
part ii item 5 : market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities motorola 2019s common stock is listed on the new york and chicago stock exchanges .the number of stockholders of record of motorola common stock on january 31 , 2008 was 79907 .information regarding securities authorized for issuance under equity compensation plans is incorporated by reference to the information under the caption 201cequity compensation plan information 201d of motorola 2019s proxy statement for the 2008 annual meeting of stockholders .the remainder of the response to this item incorporates by reference note 16 , 201cquarterly and other financial data ( unaudited ) 201d of the notes to consolidated financial statements appearing under 201citem 8 : financial statements and supplementary data 201d .the following table provides information with respect to acquisitions by the company of shares of its common stock during the quarter ended december 31 , 2007 .issuer purchases of equity securities period ( a ) total number of shares purchased ( 1 ) ( 2 ) ( b ) average price paid per share ( 1 ) ( 3 ) ( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 ) ( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 ) .
[['period', '( a ) total number of shares purchased ( 1 ) ( 2 )', '( b ) average price paid per share ( 1 ) ( 3 )', '( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 )', '( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 )'], ['9/30/07 to 10/26/07', '2972951', '$ 18.84', '2964225', '$ 4267375081'], ['10/27/07 to 11/23/07', '5709917', '$ 17.23', '5706600', '$ 4169061854'], ['11/24/07 to 12/31/07', '25064045', '$ 16.04', '25064045', '$ 3767061887'], ['total', '33746913', '$ 16.49', '33734870', '']]
( 1 ) in addition to purchases under the 2006 stock repurchase program ( as defined below ) , included in this column are transactions under the company 2019s equity compensation plans involving the delivery to the company of 12043 shares of motorola common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to company employees .( 2 ) through actions taken on july 24 , 2006 and march 21 , 2007 , the board of directors has authorized the company to repurchase an aggregate amount of up to $ 7.5 billion of its outstanding shares of common stock over a period ending in june 2009 , subject to market conditions ( the 201c2006 stock repurchase program 201d ) .( 3 ) average price paid per share of common stock repurchased under the 2006 stock repurchase program is execution price , excluding commissions paid to brokers. .
|
how many shares can still be bought between 9/30/07 and 10/26/07 if the average price remains the same?
|
226506108
|
{
"answer": "226506108",
"decimal": 226506108,
"type": "float"
}
| |
cross-border outstandings cross-border outstandings , as defined by bank regulatory rules , are amounts payable to state street by residents of foreign countries , regardless of the currency in which the claim is denominated , and local country claims in excess of local country obligations .these cross-border outstandings consist primarily of deposits with banks , loan and lease financing and investment securities .in addition to credit risk , cross-border outstandings have the risk that , as a result of political or economic conditions in a country , borrowers may be unable to meet their contractual repayment obligations of principal and/or interest when due because of the unavailability of , or restrictions on , foreign exchange needed by borrowers to repay their obligations .cross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31: .
[['( in millions )', '2008', '2007', '2006'], ['united kingdom', '$ 5836', '$ 5951', '$ 5531'], ['australia', '2044', '3567', '1519'], ['canada', '2014', '4565', '2014'], ['germany', '2014', '2944', '2696'], ['total cross-border outstandings', '$ 7880', '$ 17027', '$ 9746']]
the total cross-border outstandings presented in the table represented 5% ( 5 % ) , 12% ( 12 % ) and 9% ( 9 % ) of our consolidated total assets as of december 31 , 2008 , 2007 and 2006 , respectively .aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2008 amounted to $ 3.45 billion ( canada and germany ) .there were no cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 .aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 amounted to $ 1.05 billion ( canada ) .capital regulatory and economic capital management both use key metrics evaluated by management to assess whether our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives .regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors .we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements .our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt .our capital committee , working in conjunction with our asset and liability committee , referred to as alco , oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies .the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve .both state street and state street bank are subject to the minimum capital requirements established by the federal reserve and defined in the federal deposit insurance corporation improvement act .
|
what percent increase did the united kingdom cross border outstandings experience between 2006 and 2008?
|
5.51%
|
{
"answer": "5.51%",
"decimal": 0.055099999999999996,
"type": "percentage"
}
| |
entergy mississippi , inc .management 2019s financial discussion and analysis entergy mississippi 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
[['2016', '2015', '2014', '2013'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 10595', '$ 25930', '$ 644', '( $ 3536 )']]
see note 4 to the financial statements for a description of the money pool .entergy mississippi has four separate credit facilities in the aggregate amount of $ 102.5 million scheduled to expire may 2017 .no borrowings were outstanding under the credit facilities as of december 31 , 2016 .in addition , entergy mississippi is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso .as of december 31 , 2016 , a $ 7.1 million letter of credit was outstanding under entergy mississippi 2019s uncommitted letter of credit facility .see note 4 to the financial statements for additional discussion of the credit facilities .entergy mississippi obtained authorizations from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 175 million at any time outstanding and long-term borrowings and security issuances .see note 4 to the financial statements for further discussion of entergy mississippi 2019s short-term borrowing limits .state and local rate regulation and fuel-cost recovery the rates that entergy mississippi charges for electricity significantly influence its financial position , results of operations , and liquidity .entergy mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings .a governmental agency , the mpsc , is primarily responsible for approval of the rates charged to customers .formula rate plan in june 2014 , entergy mississippi filed its first general rate case before the mpsc in almost 12 years .the rate filing laid out entergy mississippi 2019s plans for improving reliability , modernizing the grid , maintaining its workforce , stabilizing rates , utilizing new technologies , and attracting new industry to its service territory .entergy mississippi requested a net increase in revenue of $ 49 million for bills rendered during calendar year 2015 , including $ 30 million resulting from new depreciation rates to update the estimated service life of assets .in addition , the filing proposed , among other things : 1 ) realigning cost recovery of the attala and hinds power plant acquisitions from the power management rider to base rates ; 2 ) including certain miso-related revenues and expenses in the power management rider ; 3 ) power management rider changes that reflect the changes in costs and revenues that will accompany entergy mississippi 2019s withdrawal from participation in the system agreement ; and 4 ) a formula rate plan forward test year to allow for known changes in expenses and revenues for the rate effective period .entergy mississippi proposed maintaining the current authorized return on common equity of 10.59% ( 10.59 % ) .in october 2014 , entergy mississippi and the mississippi public utilities staff entered into and filed joint stipulations that addressed the majority of issues in the proceeding .the stipulations provided for : 2022 an approximate $ 16 million net increase in revenues , which reflected an agreed upon 10.07% ( 10.07 % ) return on common equity ; 2022 revision of entergy mississippi 2019s formula rate plan by providing entergy mississippi with the ability to reflect known and measurable changes to historical rate base and certain expense amounts ; resolving uncertainty around and obviating the need for an additional rate filing in connection with entergy mississippi 2019s withdrawal from participation in the system agreement ; updating depreciation rates ; and moving costs associated with the attala and hinds generating plants from the power management rider to base rates; .
|
what is the net change in entergy mississippi 2019s receivables from the money pool from 2014 to 2015?
|
25286
|
{
"answer": "25286",
"decimal": 25286,
"type": "float"
}
| |
the hartford financial services group , inc .notes to consolidated financial statements ( continued ) 5 .investments and derivative instruments ( continued ) collateral arrangements the company enters into various collateral arrangements in connection with its derivative instruments , which require both the pledging and accepting of collateral .as of december 31 , 2011 and 2010 , collateral pledged having a fair value of $ 1.1 billion and $ 790 , respectively , was included in fixed maturities , afs , in the consolidated balance sheets .from time to time , the company enters into secured borrowing arrangements as a means to increase net investment income .the company received cash collateral of $ 33 as of december 31 , 2011 and 2010 .the following table presents the classification and carrying amount of loaned securities and derivative instruments collateral pledged. .
[['', 'december 31 2011', 'december 31 2010'], ['fixed maturities afs', '$ 1086', '$ 823'], ['short-term investments', '199', '2014'], ['total collateral pledged', '$ 1285', '$ 823']]
as of december 31 , 2011 and 2010 , the company had accepted collateral with a fair value of $ 2.6 billion and $ 1.5 billion , respectively , of which $ 2.0 billion and $ 1.1 billion , respectively , was cash collateral which was invested and recorded in the consolidated balance sheets in fixed maturities and short-term investments with corresponding amounts recorded in other assets and other liabilities .the company is only permitted by contract to sell or repledge the noncash collateral in the event of a default by the counterparty .as of december 31 , 2011 and 2010 , noncash collateral accepted was held in separate custodial accounts and was not included in the company 2019s consolidated balance sheets .securities on deposit with states the company is required by law to deposit securities with government agencies in states where it conducts business .as of december 31 , 2011 and 2010 , the fair value of securities on deposit was approximately $ 1.6 billion and $ 1.4 billion , respectively. .
|
in 2011 what was the percent of the total collateral loaned securities and derivative instruments collateral pledged that was associated with short-term investments
|
15.5%
|
{
"answer": "15.5%",
"decimal": 0.155,
"type": "percentage"
}
| |
management 2019s discussion and analysis we believe our credit ratings are primarily based on the credit rating agencies 2019 assessment of : 2030 our liquidity , market , credit and operational risk management practices ; 2030 the level and variability of our earnings ; 2030 our capital base ; 2030 our franchise , reputation and management ; 2030 our corporate governance ; and 2030 the external operating environment , including the assumed level of government support .certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings .we assess the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies .a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies .we allocate a portion of our gce to ensure we would be able to make the additional collateral or termination payments that may be required in the event of a two-notch reduction in our long-term credit ratings , as well as collateral that has not been called by counterparties , but is available to them .the table below presents the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in our credit ratings. .
[['in millions', 'as of december 2012', 'as of december 2011'], ['additional collateral or termination payments for a one-notch downgrade', '$ 1534', '$ 1303'], ['additional collateral or termination payments for a two-notch downgrade', '2500', '2183']]
in millions 2012 2011 additional collateral or termination payments for a one-notch downgrade $ 1534 $ 1303 additional collateral or termination payments for a two-notch downgrade 2500 2183 cash flows as a global financial institution , our cash flows are complex and bear little relation to our net earnings and net assets .consequently , we believe that traditional cash flow analysis is less meaningful in evaluating our liquidity position than the excess liquidity and asset-liability management policies described above .cash flow analysis may , however , be helpful in highlighting certain macro trends and strategic initiatives in our businesses .year ended december 2012 .our cash and cash equivalents increased by $ 16.66 billion to $ 72.67 billion at the end of 2012 .we generated $ 9.14 billion in net cash from operating and investing activities .we generated $ 7.52 billion in net cash from financing activities from an increase in bank deposits , partially offset by net repayments of unsecured and secured long-term borrowings .year ended december 2011 .our cash and cash equivalents increased by $ 16.22 billion to $ 56.01 billion at the end of 2011 .we generated $ 23.13 billion in net cash from operating and investing activities .we used net cash of $ 6.91 billion for financing activities , primarily for repurchases of our series g preferred stock and common stock , partially offset by an increase in bank deposits .year ended december 2010 .our cash and cash equivalents increased by $ 1.50 billion to $ 39.79 billion at the end of 2010 .we generated $ 7.84 billion in net cash from financing activities primarily from net proceeds from issuances of short-term secured financings .we used net cash of $ 6.34 billion for operating and investing activities , primarily to fund an increase in securities purchased under agreements to resell and an increase in cash and securities segregated for regulatory and other purposes , partially offset by cash generated from a decrease in securities borrowed .goldman sachs 2012 annual report 87 .
|
what is the percentage of additional collateral or termination payments for a two-notch downgrade over additional collateral or termination payments for a one-notch downgrade for 2011?
|
68%
|
{
"answer": "68%",
"decimal": 0.68,
"type": "percentage"
}
| |
net cash used by investing activities in 2013 also included $ 38.2 million for the may 13 , 2013 acquisition of challenger .see note 2 to the consolidated financial statements for information on the challenger acquisition .capital expenditures in 2013 , 2012 and 2011 totaled $ 70.6 million , $ 79.4 million and $ 61.2 million , respectively .capital expenditures in 2013 included continued investments related to the company 2019s execution of its strategic value creation processes around safety , quality , customer connection , innovation and rci initiatives .capital expenditures in all three years included spending to support the company 2019s strategic growth initiatives .in 2013 , the company continued to invest in new product , efficiency , safety and cost reduction initiatives to expand and improve its manufacturing capabilities worldwide .in 2012 , the company completed the construction of a fourth factory in kunshan , china , following the 2011 construction of a new engineering and research and development facility in kunshan .capital expenditures in all three years also included investments , particularly in the united states , in new product , efficiency , safety and cost reduction initiatives , as well as investments in new production and machine tooling to enhance manufacturing operations , and ongoing replacements of manufacturing and distribution equipment .capital spending in all three years also included spending for the replacement and enhancement of the company 2019s global enterprise resource planning ( erp ) management information systems , as well as spending to enhance the company 2019s corporate headquarters and research and development facilities in kenosha , wisconsin .snap-on believes that its cash generated from operations , as well as its available cash on hand and funds available from its credit facilities will be sufficient to fund the company 2019s capital expenditure requirements in 2014 .financing activities net cash used by financing activities was $ 137.8 million in 2013 , $ 127.0 million in 2012 and $ 293.7 million in 2011 .net cash used by financing activities in 2011 reflects the august 2011 repayment of $ 200 million of unsecured 6.25% ( 6.25 % ) notes upon maturity with available cash .proceeds from stock purchase and option plan exercises totaled $ 29.2 million in 2013 , $ 46.8 million in 2012 and $ 25.7 million in 2011 .snap-on has undertaken stock repurchases from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans , stock options and other corporate purposes .in 2013 , snap-on repurchased 926000 shares of its common stock for $ 82.6 million under its previously announced share repurchase programs .as of 2013 year end , snap-on had remaining availability to repurchase up to an additional $ 191.7 million in common stock pursuant to its board of directors 2019 ( the 201cboard 201d ) authorizations .the purchase of snap-on common stock is at the company 2019s discretion , subject to prevailing financial and market conditions .snap-on repurchased 1180000 shares of its common stock for $ 78.1 million in 2012 ; snap-on repurchased 628000 shares of its common stock for $ 37.4 million in 2011 .snap-on believes that its cash generated from operations , available cash on hand , and funds available from its credit facilities , will be sufficient to fund the company 2019s share repurchases , if any , in 2014 .snap-on has paid consecutive quarterly cash dividends , without interruption or reduction , since 1939 .cash dividends paid in 2013 , 2012 and 2011 totaled $ 92.0 million , $ 81.5 million and $ 76.7 million , respectively .on november 8 , 2013 , the company announced that its board increased the quarterly cash dividend by 15.8% ( 15.8 % ) to $ 0.44 per share ( $ 1.76 per share per year ) .quarterly dividends declared in 2013 were $ 0.44 per share in the fourth quarter and $ 0.38 per share in the first three quarters ( $ 1.58 per share for the year ) .quarterly dividends declared in 2012 were $ 0.38 per share in the fourth quarter and $ 0.34 per share in the first three quarters ( $ 1.40 per share for the year ) .quarterly dividends in 2011 were $ 0.34 per share in the fourth quarter and $ 0.32 per share in the first three quarters ( $ 1.30 per share for the year ) . .
[['', '2013', '2012', '2011'], ['cash dividends paid per common share', '$ 1.58', '$ 1.40', '$ 1.30'], ['cash dividends paid as a percent of prior-year retained earnings', '4.5% ( 4.5 % )', '4.4% ( 4.4 % )', '4.7% ( 4.7 % )']]
cash dividends paid as a percent of prior-year retained earnings 4.5% ( 4.5 % ) 4.4% ( 4.4 % ) snap-on believes that its cash generated from operations , available cash on hand and funds available from its credit facilities will be sufficient to pay dividends in 2014 .off-balance-sheet arrangements except as included below in the section labeled 201ccontractual obligations and commitments 201d and note 15 to the consolidated financial statements , the company had no off-balance-sheet arrangements as of 2013 year end .2013 annual report 49 .
|
what is the growth rate in dividends paid per common share from 2012 to 2013?
|
12.9%
|
{
"answer": "12.9%",
"decimal": 0.129,
"type": "percentage"
}
| |
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value .
[['shares in thousands december 31 2013', 'nonvested incentive/ performance unit shares 1647', 'weighted-averagegrant datefair value $ 63.49', 'nonvested restricted stock/ share units 3483', 'weighted-averagegrant datefair value $ 62.70'], ['granted', '723', '79.90', '1276', '81.29'], ['vested/released', '-513 ( 513 )', '63.64', '-962 ( 962 )', '62.32'], ['forfeited', '-20 ( 20 )', '69.18', '-145 ( 145 )', '69.44'], ['december 31 2014', '1837', '$ 69.84', '3652', '$ 69.03']]
the pnc financial services group , inc .2013 form 10-k 185 .
|
what was the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 and 2013 in millions?
|
179
|
{
"answer": "179",
"decimal": 179,
"type": "float"
}
| |
( 2 ) in 2013 , our principal u.k subsidiary agreed with the trustees of one of the u.k .plans to contribute an average of $ 11 million per year to that pension plan for the next three years .the trustees of the plan have certain rights to request that our u.k .subsidiary advance an amount equal to an actuarially determined winding-up deficit .as of december 31 , 2015 , the estimated winding-up deficit was a3240 million ( $ 360 million at december 31 , 2015 exchange rates ) .the trustees of the plan have accepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up deficit be paid .( 3 ) purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally binding on us , and that specifies all significant terms , including what is to be purchased , at what price and the approximate timing of the transaction .most of our purchase obligations are related to purchases of information technology services or other service contracts .( 4 ) excludes $ 12 million of unfunded commitments related to an investment in a limited partnership due to our inability to reasonably estimate the period ( s ) when the limited partnership will request funding .( 5 ) excludes $ 218 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period ( s ) when potential cash settlements will be made .financial condition at december 31 , 2015 , our net assets were $ 6.2 billion , representing total assets minus total liabilities , a decrease from $ 6.6 billion at december 31 , 2014 .the decrease was due primarily to share repurchases of $ 1.6 billion , dividends of $ 323 million , and an increase in accumulated other comprehensive loss of $ 289 million related primarily to an increase in the post- retirement benefit obligation , partially offset by net income of $ 1.4 billion for the year ended december 31 , 2015 .working capital increased by $ 77 million from $ 809 million at december 31 , 2014 to $ 886 million at december 31 , 2015 .accumulated other comprehensive loss increased $ 289 million at december 31 , 2015 as compared to december 31 , 2014 , which was primarily driven by the following : 2022 negative net foreign currency translation adjustments of $ 436 million , which are attributable to the strengthening of the u.s .dollar against certain foreign currencies , 2022 a decrease of $ 155 million in net post-retirement benefit obligations , and 2022 net financial instrument losses of $ 8 million .review by segment general we serve clients through the following segments : 2022 risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network .2022 hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies .risk solutions .
[['years ended december 31 ( millions except percentage data )', '2015', '2014', '2013'], ['revenue', '$ 7426', '$ 7834', '$ 7789'], ['operating income', '1506', '1648', '1540'], ['operating margin', '20.3% ( 20.3 % )', '21.0% ( 21.0 % )', '19.8% ( 19.8 % )']]
the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business .the economic activity that impacts property and casualty insurance is described as exposure units , and is most closely correlated .
|
what was the average revenue from 2013 to 2015
|
7682
|
{
"answer": "7682",
"decimal": 7682,
"type": "float"
}
| |
2014 , 2013 and 2012 .the decrease in our consolidated net adjustments for 2014 compared to 2013 was primarily due to a decrease in profit booking rate adjustments at our aeronautics , mfc and mst business segments .the increase in our consolidated net adjustments for 2013 as compared to 2012 was primarily due to an increase in profit booking rate adjustments at our mst and mfc business segments and , to a lesser extent , the increase in the favorable resolution of contractual matters for the corporation .the consolidated net adjustments for 2014 are inclusive of approximately $ 650 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at mst and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below .the consolidated net adjustments for 2013 and 2012 are inclusive of approximately $ 600 million and $ 500 million in unfavorable items , which include a significant profit reduction on the f-35 development contract in both years , as well as a significant profit reduction on the c-5 program in 2013 , each as described in our aeronautics business segment 2019s results of operations discussion below .aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies .aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor and the c-5m super galaxy .aeronautics 2019 operating results included the following ( in millions ) : .
[['', '2014', '2013', '2012'], ['net sales', '$ 14920', '$ 14123', '$ 14953'], ['operating profit', '1649', '1612', '1699'], ['operating margins', '11.1% ( 11.1 % )', '11.4% ( 11.4 % )', '11.4% ( 11.4 % )'], ['backlog at year-end', '$ 27600', '$ 28000', '$ 30100']]
2014 compared to 2013 aeronautics 2019 net sales for 2014 increased $ 797 million , or 6% ( 6 % ) , compared to 2013 .the increase was primarily attributable to higher net sales of approximately $ 790 million for f-35 production contracts due to increased volume and sustainment activities ; about $ 55 million for the f-16 program due to increased deliveries ( 17 aircraft delivered in 2014 compared to 13 delivered in 2013 ) partially offset by contract mix ; and approximately $ 45 million for the f-22 program due to increased risk retirements .the increases were partially offset by lower net sales of approximately $ 55 million for the f-35 development contract due to decreased volume , partially offset by the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; and about $ 40 million for the c-130 program due to fewer deliveries ( 24 aircraft delivered in 2014 compared to 25 delivered in 2013 ) and decreased sustainment activities , partially offset by contract mix .aeronautics 2019 operating profit for 2014 increased $ 37 million , or 2% ( 2 % ) , compared to 2013 .the increase was primarily attributable to higher operating profit of approximately $ 85 million for the f-35 development contract due to the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; about $ 75 million for the f-22 program due to increased risk retirements ; approximately $ 50 million for the c-130 program due to increased risk retirements and contract mix , partially offset by fewer deliveries ; and about $ 25 million for the c-5 program due to the absence in 2014 of the downward revisions to the profit booking rate that occurred in 2013 .the increases were partially offset by lower operating profit of approximately $ 130 million for the f-16 program due to decreased risk retirements , partially offset by increased deliveries ; and about $ 70 million for sustainment activities due to decreased risk retirements and volume .operating profit was comparable for f-35 production contracts as higher volume was offset by lower risk retirements .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million lower for 2014 compared to 2013 .2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 .the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to .
|
what is the growth rate in operating profit for aeronautics in 2013?
|
-5.1%
|
{
"answer": "-5.1%",
"decimal": -0.051,
"type": "percentage"
}
| |
to determine stock-based compensation expense , the grant- date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the pro rata vesting period .at december 31 , 2011 and 2010 , options for 12337000 and 13397000 shares of common stock were exercisable at a weighted-average price of $ 106.08 and $ 118.21 , respectively .the total intrinsic value of options exercised during 2012 , 2011 and 2010 was $ 37 million , $ 4 million and $ 5 million .cash received from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 118 million , $ 41 million and $ 15 million , respectively .the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 41 million , $ 14 million and $ 5 million , respectively .there were no options granted in excess of market value in 2012 , 2011 or 2010 .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 29192854 at december 31 , 2012 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 30537674 shares at december 31 , 2012 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2012 , we issued approximately 1.7 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2012 , 2011 and 2010 include 25620 , 27090 and 29040 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant .incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant .the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period .the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards .restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months .beginning in 2012 , we incorporated several risk-related performance changes to certain incentive compensation programs .in addition to achieving certain financial performance metrics relative to our peers , the final payout amount will be subject to a negative adjustment if pnc fails to meet certain risk-related performance metrics as specified in the award agreement .however , the p&cc has the discretion to reduce any or all of this negative adjustment under certain circumstances .these awards have a three-year performance period and are payable in either stock or a combination of stock and cash .additionally , performance-based restricted share units were granted in 2012 to certain of our executives in lieu of stock options , with generally the same terms and conditions as the 2011 awards of the same .the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 , 2011 and 2010 was $ 60.68 , $ 63.25 and $ 54.59 per share , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 130 : nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair .
[['shares in thousands december 31 2011', 'nonvested incentive/ performance unit shares 830', 'weighted-averagegrantdate fairvalue $ 61.68', 'nonvested restricted stock/ unit shares 2512', 'weighted-averagegrantdate fairvalue $ 54.87'], ['granted', '465', '60.70', '1534', '60.67'], ['vested', '-100 ( 100 )', '64.21', '-831 ( 831 )', '45.47'], ['forfeited', '-76 ( 76 )', '60.27', '-154 ( 154 )', '60.51'], ['december 31 2012', '1119', '$ 61.14', '3061', '$ 60.04']]
in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash .at december 31 , 2012 , there was $ 86 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans .this cost is expected to be recognized as expense over a period of no longer than five years .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2012 , 2011 and 2010 was approximately $ 55 million , $ 52 million and $ 39 million , respectively .the pnc financial services group , inc .2013 form 10-k 203 .
|
how many shares were exercisable from dec 2010-dec 2011?
|
25734000
|
{
"answer": "25734000",
"decimal": 25734000,
"type": "float"
}
| |
notes to consolidated financial statements jpmorgan chase & co .162 jpmorgan chase & co ./ 2007 annual report note 25 2013 accumulated other comprehensive income ( loss ) accumulated other comprehensive income ( loss ) includes the after-tax change in sfas 115 unrealized gains and losses on afs securities , sfas 52 foreign currency translation adjustments ( including the impact of related derivatives ) , sfas 133 cash flow hedging activities and sfas 158 net loss and prior service cost ( credit ) related to the firm 2019s defined benefit pension and opeb plans .net loss and accumulated translation prior service ( credit ) of other unrealized gains ( losses ) adjustments , cash defined benefit pension comprehensive ( in millions ) on afs securities ( a ) net of hedges flow hedges and opeb plans ( e ) income ( loss ) balance at december 31 , 2004 $ ( 61 ) $ ( 8 ) $ ( 139 ) $ 2014 $ ( 208 ) net change ( 163 ) ( b ) 2014 ( 255 ) 2014 ( 418 ) balance at december 31 , 2005 ( 224 ) ( 8 ) ( 394 ) 2014 ( 626 ) net change 253 ( c ) 13 ( 95 ) 2014 171 adjustment to initially apply sfas 158 , net of taxes 2014 2014 2014 ( 1102 ) ( 1102 ) .
[['( in millions )', 'unrealized gains ( losses ) on afs securities ( a )', 'translation adjustments net of hedges', 'cash flow hedges', 'net loss andprior service ( credit ) of defined benefit pension and opeb plans ( e )', 'accumulated other comprehensive income ( loss )'], ['balance at december 31 2004', '$ -61 ( 61 )', '$ -8 ( 8 )', '$ -139 ( 139 )', '$ 2014', '$ -208 ( 208 )'], ['net change', '( 163 ) ( b )', '2014', '-255 ( 255 )', '2014', '-418 ( 418 )'], ['balance at december 31 2005', '-224 ( 224 )', '-8 ( 8 )', '-394 ( 394 )', '2014', '-626 ( 626 )'], ['net change', '253 ( c )', '13', '-95 ( 95 )', '2014', '171'], ['adjustment to initially apply sfas 158 net of taxes', '2014', '2014', '2014', '-1102 ( 1102 )', '-1102 ( 1102 )'], ['balance at december 31 2006', '29', '5', '-489 ( 489 )', '-1102 ( 1102 )', '-1557 ( 1557 )'], ['cumulative effect of changes in accounting principles ( sfas 159 )', '-1 ( 1 )', '2014', '2014', '2014', '-1 ( 1 )'], ['balance at january 1 2007 adjusted', '28', '5', '-489 ( 489 )', '-1102 ( 1102 )', '-1558 ( 1558 )'], ['net change', '352 ( d )', '3', '-313 ( 313 )', '599', '641'], ['balance at december 31 2007', '$ 380', '$ 8', '$ -802 ( 802 )', '$ -503 ( 503 )', '$ -917 ( 917 )']]
net change 352 ( d ) 3 ( 313 ) 599 641 balance at december 31 , 2007 $ 380 $ 8 $ ( 802 ) $ ( 503 ) $ ( 917 ) ( a ) represents the after-tax difference between the fair value and amortized cost of the afs securities portfolio and retained interests in securitizations recorded in other assets .( b ) the net change during 2005 was due primarily to higher interest rates , partially offset by the reversal of unrealized losses from securities sales .( c ) the net change during 2006 was due primarily to the reversal of unrealized losses from securities sales .( d ) the net change during 2007 was due primarily to a decline in interest rates .( e ) for further discussion of sfas 158 , see note 9 on pages 124 2013130 of this annual report. .
|
what was the percentage change in unrealized gains ( losses ) on afs securities from december 31 , 2006 to december 31 , 2007?
|
1210%
|
{
"answer": "1210%",
"decimal": 12.1,
"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 percent of the average unrecognized tax benefits fro 2014 and 2015 to the recorded reduction in its liability for uncertain tax positions based on the approved irs allocation
|
21.4%
|
{
"answer": "21.4%",
"decimal": 0.214,
"type": "percentage"
}
| |
management 2019s discussion and analysis of financial condition and results of operations 82 fifth third bancorp to 100 million shares of its outstanding common stock in the open market or in privately negotiated transactions , and to utilize any derivative or similar instrument to affect share repurchase transactions .this share repurchase authorization replaced the board 2019s previous authorization .on may 21 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 25035519 shares , or approximately $ 539 million , of its outstanding common stock on may 24 , 2013 .the bancorp repurchased the shares of its common stock as part of its 100 million share repurchase program previously announced on march 19 , 2013 .at settlement of the forward contract on october 1 , 2013 , the bancorp received an additional 4270250 shares which were recorded as an adjustment to the basis in the treasury shares purchased on the acquisition date .on november 13 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 8538423 shares , or approximately $ 200 million , of its outstanding common stock on november 18 , 2013 .the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 .the bancorp expects the settlement of the transaction to occur on or before february 28 , 2014 .on december 10 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 19084195 shares , or approximately $ 456 million , of its outstanding common stock on december 13 , 2013 .the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 .the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 .on january 28 , 2014 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 3950705 shares , or approximately $ 99 million , of its outstanding common stock on january 31 , 2014 .the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 .the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 .table 61 : share repurchases .
[['for the years ended december 31', '2013', '2012', '2011'], ['shares authorized for repurchase at january 1', '63046682', '19201518', '19201518'], ['additional authorizations ( a )', '45541057', '86269178', '-'], ['share repurchases ( b )', '-65516126 ( 65516126 )', '-42424014 ( 42424014 )', '-'], ['shares authorized for repurchase at december 31', '43071613', '63046682', '19201518'], ['average price paid per share', '$ 18.80', '$ 14.82', 'n/a']]
( a ) in march 2013 , the bancorp announced that its board of directors had authorized management to purchase 100 million shares of the bancorp 2019s common stock through the open market or in any private transaction .the authorization does not include specific price targets or an expiration date .this share repurchase authorization replaces the board 2019s previous authorization pursuant to which approximately 54 million shares remained available for repurchase by the bancorp .( b ) excludes 1863097 , 2059003 and 1164254 shares repurchased during 2013 , 2012 , and 2011 , respectively , in connection with various employee compensation plans .these repurchases are not included in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the board of directors 2019 authorization .stress tests and ccar the frb issued guidelines known as ccar , which provide a common , conservative approach to ensure bhcs , including the bancorp , hold adequate capital to maintain ready access to funding , continue operations and meet their obligations to creditors and counterparties , and continue to serve as credit intermediaries , even in adverse conditions .the ccar process requires the submission of a comprehensive capital plan that assumes a minimum planning horizon of nine quarters under various economic scenarios .the mandatory elements of the capital plan are an assessment of the expected use and sources of capital over the planning horizon , a description of all planned capital actions over the planning horizon , a discussion of any expected changes to the bancorp 2019s business plan that are likely to have a material impact on its capital adequacy or liquidity , a detailed description of the bancorp 2019s process for assessing capital adequacy and the bancorp 2019s capital policy .the capital plan must reflect the revised capital framework that the frb adopted in connection with the implementation of the basel iii accord , including the framework 2019s minimum regulatory capital ratios and transition arrangements .the frb 2019s review of the capital plan will assess the comprehensiveness of the capital plan , the reasonableness of the assumptions and the analysis underlying the capital plan .additionally , the frb reviews the robustness of the capital adequacy process , the capital policy and the bancorp 2019s ability to maintain capital above the minimum regulatory capital ratios as they transition to basel iii and above a basel i tier 1 common ratio of 5 percent under baseline and stressful conditions throughout a nine- quarter planning horizon .the frb issued stress testing rules that implement section 165 ( i ) ( 1 ) and ( i ) ( 2 ) of the dfa .large bhcs , including the bancorp , are subject to the final stress testing rules .the rules require both supervisory and company-run stress tests , which provide forward- looking information to supervisors to help assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic conditions .in march of 2013 , the frb announced it had completed the 2013 ccar .for bhcs that proposed capital distributions in their plan , the frb either objected to the plan or provided a non- objection whereby the frb concurred with the proposed 2013 capital distributions .the frb indicated to the bancorp that it did not object to the following proposed capital actions for the period beginning april 1 , 2013 and ending march 31 , 2014 : f0b7 increase in the quarterly common stock dividend to $ 0.12 per share ; f0b7 repurchase of up to $ 750 million in trups subject to the determination of a regulatory capital event and replacement with the issuance of a similar amount of tier ii-qualifying subordinated debt ; f0b7 conversion of the $ 398 million in outstanding series g 8.5% ( 8.5 % ) convertible preferred stock into approximately 35.5 million common shares issued to the holders .if this conversion were to occur , the bancorp would intend to repurchase common shares equivalent to those issued in the conversion up to $ 550 million in market value , and issue $ 550 million in preferred stock; .
|
what were total share repurchases for 2013 including the employee compensation plans repurchases?
|
63379223
|
{
"answer": "63379223",
"decimal": 63379223,
"type": "float"
}
| |
see note 10 goodwill and other intangible assets for further discussion of the accounting for goodwill and other intangible assets .the estimated amount of rbc bank ( usa ) revenue and net income ( excluding integration costs ) included in pnc 2019s consolidated income statement for 2012 was $ 1.0 billion and $ 273 million , respectively .upon closing and conversion of the rbc bank ( usa ) transaction , subsequent to march 2 , 2012 , separate records for rbc bank ( usa ) as a stand-alone business have not been maintained as the operations of rbc bank ( usa ) have been fully integrated into pnc .rbc bank ( usa ) revenue and earnings disclosed above reflect management 2019s best estimate , based on information available at the reporting date .the following table presents certain unaudited pro forma information for illustrative purposes only , for 2012 and 2011 as if rbc bank ( usa ) had been acquired on january 1 , 2011 .the unaudited estimated pro forma information combines the historical results of rbc bank ( usa ) with the company 2019s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods .the pro forma information is not indicative of what would have occurred had the acquisition taken place on january 1 , 2011 .in particular , no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of january 1 , 2011 .the unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value .additionally , the pro forma financial information does not include the impact of possible business model changes and does not reflect pro forma adjustments to conform accounting policies between rbc bank ( usa ) and pnc .additionally , pnc expects to achieve further operating cost savings and other business synergies , including revenue growth , as a result of the acquisition that are not reflected in the pro forma amounts that follow .as a result , actual results will differ from the unaudited pro forma information presented .table 57 : rbc bank ( usa ) and pnc unaudited pro forma results .
[['in millions', 'for the year ended december 31 2012', 'for the year ended december 31 2011'], ['total revenues', '$ 15721', '$ 15421'], ['net income', '2989', '2911']]
in connection with the rbc bank ( usa ) acquisition and other prior acquisitions , pnc recognized $ 267 million of integration charges in 2012 .pnc recognized $ 42 million of integration charges in 2011 in connection with prior acquisitions .the integration charges are included in the table above .sale of smartstreet effective october 26 , 2012 , pnc divested certain deposits and assets of the smartstreet business unit , which was acquired by pnc as part of the rbc bank ( usa ) acquisition , to union bank , n.a .smartstreet is a nationwide business focused on homeowner or community association managers and had approximately $ 1 billion of assets and deposits as of september 30 , 2012 .the gain on sale was immaterial and resulted in a reduction of goodwill and core deposit intangibles of $ 46 million and $ 13 million , respectively .results from operations of smartstreet from march 2 , 2012 through october 26 , 2012 are included in our consolidated income statement .flagstar branch acquisition effective december 9 , 2011 , pnc acquired 27 branches in the northern metropolitan atlanta , georgia area from flagstar bank , fsb , a subsidiary of flagstar bancorp , inc .the fair value of the assets acquired totaled approximately $ 211.8 million , including $ 169.3 million in cash , $ 24.3 million in fixed assets and $ 18.2 million of goodwill and intangible assets .we also assumed approximately $ 210.5 million of deposits associated with these branches .no deposit premium was paid and no loans were acquired in the transaction .our consolidated income statement includes the impact of the branch activity subsequent to our december 9 , 2011 acquisition .bankatlantic branch acquisition effective june 6 , 2011 , we acquired 19 branches in the greater tampa , florida area from bankatlantic , a subsidiary of bankatlantic bancorp , inc .the fair value of the assets acquired totaled $ 324.9 million , including $ 256.9 million in cash , $ 26.0 million in fixed assets and $ 42.0 million of goodwill and intangible assets .we also assumed approximately $ 324.5 million of deposits associated with these branches .a $ 39.0 million deposit premium was paid and no loans were acquired in the transaction .our consolidated income statement includes the impact of the branch activity subsequent to our june 6 , 2011 acquisition .sale of pnc global investment servicing on july 1 , 2010 , we sold pnc global investment servicing inc .( gis ) , a leading provider of processing , technology and business intelligence services to asset managers , broker- dealers and financial advisors worldwide , for $ 2.3 billion in cash pursuant to a definitive agreement entered into on february 2 , 2010 .this transaction resulted in a pretax gain of $ 639 million , net of transaction costs , in the third quarter of 2010 .this gain and results of operations of gis through june 30 , 2010 are presented as income from discontinued operations , net of income taxes , on our consolidated income statement .as part of the sale agreement , pnc has agreed to provide certain transitional services on behalf of gis until completion of related systems conversion activities .138 the pnc financial services group , inc .2013 form 10-k .
|
what percentage of the total assets acquired from bank atlantic were the fixed assets?
|
8%
|
{
"answer": "8%",
"decimal": 0.08,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no .148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no .123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no .123 .the company continues to use accounting principles board opinion no .25 ( apb no .25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 13 .in december 2004 , the fasb issued sfas no .123r , 201cshare-based payment 201d ( sfas no .123r ) , described below .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 ( as amended ) 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 ) : .
[['', '2004', '2003', '2002'], ['net loss as reported', '$ -247587 ( 247587 )', '$ -325321 ( 325321 )', '$ -1163540 ( 1163540 )'], ['add : stock-based employee compensation expense associated with modifications net of related tax effect included in net loss asreported', '2297', '2077', ''], ['less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect', '-23906 ( 23906 )', '-31156 ( 31156 )', '-38126 ( 38126 )'], ['pro-forma net loss', '$ -269196 ( 269196 )', '$ -354400 ( 354400 )', '$ -1201666 ( 1201666 )'], ['basic and diluted net loss per share 2014as reported', '$ -1.10 ( 1.10 )', '$ -1.56 ( 1.56 )', '$ -5.95 ( 5.95 )'], ['basic and diluted net loss per share pro-forma', '$ -1.20 ( 1.20 )', '$ -1.70 ( 1.70 )', '$ -6.15 ( 6.15 )']]
during the year ended december 31 , 2004 and 2003 , the company modified certain option awards to accelerate vesting and recorded charges of $ 3.0 million and $ 2.3 million , respectively , and corresponding increases to additional paid in capital in the accompanying consolidated financial statements .fair value of financial instruments 2014the carrying values of the company 2019s financial instruments , with the exception of long-term obligations , including current portion , reasonably approximate the related fair values as of december 31 , 2004 and 2003 .as of december 31 , 2004 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.3 billion and $ 3.6 billion , respectively .as of december 31 , 2003 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.4 billion and $ 3.6 billion , respectively .fair values are based primarily on quoted market prices for those or similar instruments .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 matching contribution for periods prior to june 30 , 2004 was 35% ( 35 % ) up to a maximum 5% ( 5 % ) of a participant 2019s contributions .effective july 1 , 2004 , the plan was amended to increase the company match to 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions .the company contributed approximately $ 533000 , $ 825000 and $ 979000 to the plan for the years ended december 31 , 2004 , 2003 and 2002 , respectively .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas no .123r , which is a revision of sfas no .123 , 201caccounting for stock-based compensation , 201d and supersedes apb no .25 , accounting for .
|
what is the percentage change in 401 ( k ) contributed amounts from 2002 to 2003?
|
979000
|
{
"answer": "979000",
"decimal": 979000,
"type": "float"
}
| |
sales volumes in 2013 increased from 2012 , primarily for fluff pulp , reflecting improved market demand and a change in our product mix with a full year of fluff pulp production at our franklin , virginia mill .average sales price realizations were lower for fluff pulp while prices for market pulp increased .input costs for wood , fuels and chemicals were higher .mill operating costs were significantly lower largely due to the absence of costs associated with the start-up of the franklin mill in 2012 .planned maintenance downtime costs were higher .in the first quarter of 2014 , sales volumes are expected to be slightly lower compared with the fourth quarter of 2013 .average sales price realizations are expected to improve , reflecting the further realization of previously announced sales price increases for softwood pulp and fluff pulp .input costs should be flat .planned maintenance downtime costs should be about $ 11 million higher than in the fourth quarter of 2013 .operating profits will also be negatively impacted by the severe winter weather in the first quarter of 2014 .consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity .in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .consumer packaging net sales in 2013 increased 8% ( 8 % ) from 2012 , but decreased 7% ( 7 % ) from 2011 .operating profits decreased 40% ( 40 % ) from 2012 and 1% ( 1 % ) from 2011 .net sales and operating profits include the shorewood business in 2011 .excluding costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs associated with the sale of the shorewood business , 2013 operating profits were 22% ( 22 % ) lower than in 2012 , and 43% ( 43 % ) lower than in 2011 .benefits from higher sales volumes ( $ 45 million ) were offset by lower average sales price realizations and an unfavorable mix ( $ 50 million ) , higher operating costs including incremental costs resulting from the shutdown of a paper machine at our augusta , georgia mill ( $ 46 million ) and higher input costs ( $ 6 million ) .in addition , operating profits in 2013 included restructuring costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business .operating profits in 2012 included a gain of $ 3 million related to the sale of the shorewood business , while operating profits in 2011 included a $ 129 million fixed asset impairment charge for the north american shorewood business and $ 72 million for other charges associated with the sale of the shorewood business .consumer packaging .
[['in millions', '2013', '2012', '2011'], ['sales', '$ 3435', '$ 3170', '$ 3710'], ['operating profit', '161', '268', '163']]
north american consumer packaging net sales were $ 2.0 billion in 2013 compared with $ 2.0 billion in 2012 and $ 2.5 billion in 2011 .operating profits were $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 compared with $ 165 million ( $ 162 million excluding charges associated with the sale of the shorewood business ) in 2012 and $ 35 million ( $ 236 million excluding asset impairment charges and other costs associated with the sale of the shorewood business ) in 2011 .coated paperboard sales volumes in 2013 were higher than in 2012 reflecting stronger market demand .average sales price realizations were lower year-over- year despite the realization of price increases in the second half of 2013 .input costs for wood and energy increased , but were partially offset by lower costs for chemicals .planned maintenance downtime costs were slightly lower .market-related downtime was about 24000 tons in 2013 compared with about 113000 tons in 2012 .the permanent shutdown of a paper machine at our augusta , georgia mill in the first quarter of 2013 reduced capacity by 140000 tons in 2013 compared with 2012 .foodservice sales volumes increased slightly in 2013 compared with 2012 despite softer market demand .average sales margins were higher reflecting lower input costs for board and resins and a more favorable product mix .operating costs and distribution costs were both higher .the u.s.shorewood business was sold december 31 , 2011 and the non-u.s .business was sold in january looking ahead to the first quarter of 2014 , coated paperboard sales volumes are expected to be seasonally weaker than in the fourth quarter of 2013 .average sales price realizations are expected to be slightly higher , and margins should also benefit from a more favorable product mix .input costs are expected to be higher for energy , chemicals and wood .planned maintenance downtime costs should be $ 8 million lower with a planned maintenance outage scheduled at the augusta mill in the first quarter .the severe winter weather in the first quarter of 2014 will negatively impact operating profits .foodservice sales volumes are expected to be seasonally lower .average sales margins are expected to improve due to the realization of sales price increases effective with our january contract openers and a more favorable product mix. .
|
in 2012 what percentage of consumer packaging sales is attributable to north american consumer packaging net sales?
|
63%
|
{
"answer": "63%",
"decimal": 0.63,
"type": "percentage"
}
| |
annual report on form 10-k 108 fifth third bancorp part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the information required by this item is included in the corporate information found on the inside of the back cover and in the discussion of dividend limitations that the subsidiaries can pay to the bancorp discussed in note 26 of the notes to the consolidated financial statements .additionally , as of december 31 , 2008 , the bancorp had approximately 60025 shareholders of record .issuer purchases of equity securities period shares purchased average paid per shares purchased as part of publicly announced plans or programs maximum shares that may be purchased under the plans or programs .
[['period', 'sharespurchased ( a )', 'averagepricepaid pershare', 'sharespurchasedas part ofpubliclyannouncedplans orprograms', 'maximumshares thatmay bepurchasedunder theplans orprograms'], ['october 2008', '25394', '$ -', '-', '19201518'], ['november 2008', '7526', '-', '-', '19201518'], ['december 2008', '40', '-', '-', '19201518'], ['total', '32960', '$ -', '-', '19201518']]
( a ) the bancorp repurchased 25394 , 7526 and 40 shares during october , november and december of 2008 in connection with various employee compensation plans of the bancorp .these purchases are not included against the maximum number of shares that may yet be purchased under the board of directors authorization. .
|
what portion of the total purchased shares presented in the table was purchased during november 2008?
|
22.8%
|
{
"answer": "22.8%",
"decimal": 0.228,
"type": "percentage"
}
| |
cash and cash equivalents cash equivalents include highly-liquid investments with a maturity of three months or less when purchased .accounts receivable and allowance for doubtful accounts accounts receivable are carried at the invoiced amounts , less an allowance for doubtful accounts , and generally do not bear interest .the company estimates the balance of allowance for doubtful accounts by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates .the company 2019s estimates include separately providing for customer receivables based on specific circumstances and credit conditions , and when it is deemed probable that the balance is uncollectible .account balances are charged off against the allowance when it is determined the receivable will not be recovered .the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped of $ 14 million , $ 15 million and $ 14 million as of december 31 , 2016 , 2015 , and 2014 , respectively .returns and credit activity is recorded directly to sales as a reduction .the following table summarizes the activity in the allowance for doubtful accounts: .
[['( millions )', '2016', '2015', '2014'], ['beginning balance', '$ 75', '$ 77', '$ 81'], ['bad debt expense', '20', '26', '23'], ['write-offs', '-25 ( 25 )', '-22 ( 22 )', '-20 ( 20 )'], ['other ( a )', '-2 ( 2 )', '-6 ( 6 )', '-7 ( 7 )'], ['ending balance', '$ 68', '$ 75', '$ 77']]
( a ) other amounts are primarily the effects of changes in currency translations and the impact of allowance for returns and credits .inventory valuations inventories are valued at the lower of cost or market .certain u.s .inventory costs are determined on a last-in , first-out ( 201clifo 201d ) basis .lifo inventories represented 40% ( 40 % ) and 39% ( 39 % ) of consolidated inventories as of december 31 , 2016 and 2015 , respectively .lifo inventories include certain legacy nalco u.s .inventory acquired at fair value as part of the nalco merger .all other inventory costs are determined using either the average cost or first-in , first-out ( 201cfifo 201d ) methods .inventory values at fifo , as shown in note 5 , approximate replacement cost .during 2015 , the company improved and standardized estimates related to its inventory reserves and product costing , resulting in a net pre-tax charge of approximately $ 6 million .separately , the actions resulted in a charge of $ 20.6 million related to inventory reserve calculations , partially offset by a gain of $ 14.5 million related to the capitalization of certain cost components into inventory .during 2016 , the company took additional actions to improve and standardize estimates related to the capitalization of certain cost components into inventory , which resulted in a gain of $ 6.2 million .these items are reflected within special ( gains ) and charges , as discussed in note 3 .property , plant and equipment property , plant and equipment assets are stated at cost .merchandising and customer equipment consists principally of various dispensing systems for the company 2019s cleaning and sanitizing products , dishwashing machines and process control and monitoring equipment .certain dispensing systems capitalized by the company are accounted for on a mass asset basis , whereby equipment is capitalized and depreciated as a group and written off when fully depreciated .the company capitalizes both internal and external costs of development or purchase of computer software for internal use .costs incurred for data conversion , training and maintenance associated with capitalized software are expensed as incurred .expenditures for major renewals and improvements , which significantly extend the useful lives of existing plant and equipment , are capitalized and depreciated .expenditures for repairs and maintenance are charged to expense as incurred .upon retirement or disposition of plant and equipment , the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income .depreciation is charged to operations using the straight-line method over the assets 2019 estimated useful lives ranging from 5 to 40 years for buildings and leasehold improvements , 3 to 20 years for machinery and equipment , 3 to 15 years for merchandising and customer equipment and 3 to 7 years for capitalized software .the straight-line method of depreciation reflects an appropriate allocation of the cost of the assets to earnings in proportion to the amount of economic benefits obtained by the company in each reporting period .depreciation expense was $ 561 million , $ 560 million and $ 558 million for 2016 , 2015 and 2014 , respectively. .
|
in millions , what was the average ending balance in allowance for doubtful accounts?
|
73.3
|
{
"answer": "73.3",
"decimal": 73.3,
"type": "float"
}
| |
management 2019s discussion and analysis of increased volumes in our performance and applied coatings , optical and specialty materials and glass reportable business segments was offset by volume declines in the commodity chemicals reportable business segment .the volume decline in the commodity chemicals reportable business segment was due in part to lost sales resulting from the impact of hurricane rita , as discussed below .cost of sales as a percentage of sales increased to 63.5% ( 63.5 % ) as compared to 63.1% ( 63.1 % ) in 2004 .inflation , including higher coatings raw material costs and higher energy costs in our commodity chemicals and glass reportable business segments increased our cost of sales .selling , general and administrative expense declined slightly as a percentage of sales to 17.4% ( 17.4 % ) despite increasing by $ 56 million in 2005 .these costs increased primarily due to increased advertising in our optical products operating segment and higher expenses due to store expansions in our architectural coatings operating segment .interest expense declined $ 9 million in 2005 , reflecting the year over year reduction in the outstanding debt balance of $ 80 million .other charges increased $ 284 million in 2005 primarily due to pretax charges of $ 132 million related to the marvin legal settlement , net of $ 18 million in insurance recoveries , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment , $ 19 million for debt refinancing costs and an increase of $ 12 million for environmental remediation costs .net income and earnings per share 2013 assuming dilution for 2005 were $ 596 million and $ 3.49 respectively , compared to $ 683 million and $ 3.95 , respectively , for 2004 .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share , for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share related to an asset impairment charge related to our fine chemicals business ; and $ 12 million , or 7 cents a share , for debt refinancing costs .the legal settlements net of insurance include aftertax charges of $ 80 million for the marvin legal settlement , net of insurance recoveries , and $ 37 million for the impact of the federal glass class action antitrust legal settlement .net income for 2005 and 2004 included an aftertax charge of $ 13 million , or 8 cents a share , and $ 19 million , or 11 cents a share , respectively , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement .results of reportable business segments net sales segment income ( millions ) 2005 2004 2005 2004 industrial coatings $ 2921 $ 2818 $ 284 $ 338 performance and applied coatings 2668 2478 464 451 optical and specialty materials 867 805 158 186 .
[['( millions )', 'net sales 2005', 'net sales 2004', 'net sales 2005', '2004'], ['industrial coatings', '$ 2921', '$ 2818', '$ 284', '$ 338'], ['performance and applied coatings', '2668', '2478', '464', '451'], ['optical and specialty materials', '867', '805', '158', '186'], ['commodity chemicals', '1531', '1229', '313', '113'], ['glass', '2214', '2183', '123', '166']]
sales of industrial coatings increased $ 103 million or 4% ( 4 % ) in 2005 .sales increased 2% ( 2 % ) due to higher selling prices in our industrial and packaging coatings businesses and 2% ( 2 % ) due to the positive effects of foreign currency translation .volume was flat year over year as increased volume in automotive coatings was offset by lower volume in industrial and packaging coatings .segment income decreased $ 54 million in 2005 .the decrease in segment income was due to the adverse impact of inflation , including raw materials costs increases of about $ 170 million , which more than offset the benefits of higher selling prices , improved sales margin mix , formula cost reductions , lower manufacturing costs and higher other income .performance and applied coatings sales increased $ 190 million or 8% ( 8 % ) in 2005 .sales increased 4% ( 4 % ) due to higher selling prices in all three operating segments , 3% ( 3 % ) due to increased volumes as increases in our aerospace and architectural coatings businesses exceeded volume declines in automotive refinish , and 1% ( 1 % ) due to the positive effects of foreign currency translation .performance and applied coatings segment income increased $ 13 million in 2005 .segment income increased due to the impact of increased sales volumes described above and higher other income , which combined to offset the negative impacts of higher overhead costs to support the growth in these businesses , particularly in the architectural coatings business , and higher manufacturing costs .the impact of higher selling prices fully offset the adverse impact of inflation , including raw materials cost increases of about $ 75 million .optical and specialty materials sales increased $ 62 million or 8% ( 8 % ) .sales increased 8% ( 8 % ) due to higher sales volumes in our optical products and silica businesses , which offset lower sales volumes in our fine chemicals business .sales increased 1% ( 1 % ) due to an acquisition in our optical products business and decreased 1% ( 1 % ) due to lower pricing .segment income decreased $ 28 million .the primary factor decreasing segment income was the $ 27 million impairment charge related to our fine chemicals business .the impact of higher sales volumes described above was offset by higher inflation , including increased energy costs ; lower selling prices ; increased overhead costs in our optical products business to support growth 24 2006 ppg annual report and form 10-k 4282_txt .
|
what was operating income return for 2005 in the industrial coatings segment?
|
9.7%
|
{
"answer": "9.7%",
"decimal": 0.09699999999999999,
"type": "percentage"
}
| |
notes to consolidated financial statements jpmorgan chase & co./2009 annual report 236 the following table presents the u.s .and non-u.s .components of income before income tax expense/ ( benefit ) and extraordinary gain for the years ended december 31 , 2009 , 2008 and 2007 .year ended december 31 , ( in millions ) 2009 2008 2007 .
[['year ended december 31 ( in millions )', '2009', '2008', '2007'], ['u.s .', '$ 6263', '$ -2094 ( 2094 )', '$ 13720'], ['non-u.s. ( a )', '9804', '4867', '9085'], ['income before income taxexpense/ ( benefit ) andextraordinary gain', '$ 16067', '$ 2773', '$ 22805']]
non-u.s. ( a ) 9804 4867 9085 income before income tax expense/ ( benefit ) and extraordinary gain $ 16067 $ 2773 $ 22805 ( a ) for purposes of this table , non-u.s .income is defined as income generated from operations located outside the u.s .note 28 2013 restrictions on cash and inter- company funds transfers the business of jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) is subject to examination and regulation by the office of the comptroller of the currency ( 201cocc 201d ) .the bank is a member of the u.s .federal reserve sys- tem , and its deposits are insured by the fdic .the board of governors of the federal reserve system ( the 201cfed- eral reserve 201d ) requires depository institutions to maintain cash reserves with a federal reserve bank .the average amount of reserve balances deposited by the firm 2019s bank subsidiaries with various federal reserve banks was approximately $ 821 million and $ 1.6 billion in 2009 and 2008 , respectively .restrictions imposed by u.s .federal law prohibit jpmorgan chase and certain of its affiliates from borrowing from banking subsidiar- ies 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 company 2013only basis ) are dividends and interest from jpmorgan chase bank , n.a. , and the other banking and nonbanking subsidi- aries 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 prohibit 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 opinion , payment of a dividend would consti- tute an unsafe or unsound practice in light of the financial condi- tion of the banking organization .at january 1 , 2010 and 2009 , jpmorgan chase 2019s banking subsidi- aries could pay , in the aggregate , $ 3.6 billion and $ 17.0 billion , respectively , in dividends to their respective bank holding compa- nies without the prior approval of their relevant banking regulators .the capacity to pay dividends in 2010 will be supplemented by the banking 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 , 2009 and 2008 , cash in the amount of $ 24.0 billion and $ 34.8 billion , respectively , and securities with a fair value of $ 10.2 billion and $ 23.4 billion , re- spectively , were segregated in special bank accounts for the benefit of securities and futures brokerage customers .note 29 2013 capital the federal reserve establishes capital requirements , including well-capitalized standards for the consolidated financial holding company .the occ establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a .there are two categories of risk-based capital : tier 1 capital and tier 2 capital .tier 1 capital includes common stockholders 2019 equity , qualifying preferred stock and minority interest less goodwill and other adjustments .tier 2 capital consists of preferred stock not qualifying as tier 1 , subordinated long-term debt and other instru- ments qualifying as tier 2 , and the aggregate allowance for credit losses up to a certain percentage of risk-weighted assets .total regulatory capital is subject to deductions for investments in certain subsidiaries .under the risk-based capital guidelines of the federal reserve , jpmorgan chase is required to maintain minimum ratios of tier 1 and total ( tier 1 plus tier 2 ) capital to risk-weighted assets , as well as minimum leverage ratios ( which are defined as tier 1 capital to average adjusted on 2013balance sheet assets ) .failure to meet these minimum requirements could cause the federal reserve to take action .banking subsidiaries also are subject to these capital requirements by their respective primary regulators .as of december 31 , 2009 and 2008 , jpmorgan chase and all of its banking sub- sidiaries were well-capitalized and met all capital requirements to which each was subject. .
|
for 2009 , how much of pretax income was from outside the us?
|
61%
|
{
"answer": "61%",
"decimal": 0.61,
"type": "percentage"
}
| |
our refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation .the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as a proxy for the refining margin .crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil .as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s .gulf coast crack spreads that we feel most closely track our operations and slate of products .posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation .our refineries can process significant amounts of sour crude oil which typically can be purchased at a discount to sweet crude oil .the amount of this discount , the sweet/sour differential , can vary significantly causing our refining and wholesale marketing gross margin to differ from the crack spreads which are based upon sweet crude .in general , a larger sweet/sour differential will enhance our refining and wholesale marketing gross margin .in 2009 , the sweet/sour differential narrowed , due to a variety of worldwide economic and petroleum industry related factors , primarily related to lower hydrocarbon demand .sour crude accounted for 50 percent , 52 percent and 54 percent of our crude oil processed in 2009 , 2008 and 2007 .the following table lists calculated average crack spreads for the midwest ( chicago ) and gulf coast markets and the sweet/sour differential for the past three years .( dollars per barrel ) 2009 2008 2007 .
[['( dollars per barrel )', '2009', '2008', '2007'], ['chicago lls 6-3-2-1', '$ 3.52', '$ 3.27', '$ 8.87'], ['u.s . gulf coast lls 6-3-2-1', '$ 2.54', '$ 2.45', '$ 6.42'], ['sweet/sour differential ( a )', '$ 5.82', '$ 11.99', '$ 11.59']]
sweet/sour differential ( a ) $ 5.82 $ 11.99 $ 11.59 ( a ) calculated using the following mix of crude types as compared to lls. : 15% ( 15 % ) arab light , 20% ( 20 % ) kuwait , 10% ( 10 % ) maya , 15% ( 15 % ) western canadian select , 40% ( 40 % ) mars .in addition to the market changes indicated by the crack spreads and sweet/sour differential , our refining and wholesale marketing gross margin is impacted by factors such as : 2022 the types of crude oil and other charge and blendstocks processed , 2022 the selling prices realized for refined products , 2022 the impact of commodity derivative instruments used to manage price risk , 2022 the cost of products purchased for resale , and 2022 changes in manufacturing costs , which include depreciation .manufacturing costs are primarily driven by the cost of energy used by our refineries and the level of maintenance costs .planned turnaround and major maintenance activities were completed at our catlettsburg , garyville , and robinson refineries in 2009 .we performed turnaround and major maintenance activities at our robinson , catlettsburg , garyville and canton refineries in 2008 and at our catlettsburg , robinson and st .paul park refineries in 2007 .our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability .there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year .refined product demand increased for several years until 2008 when it decreased due to the combination of significant increases in retail petroleum prices , a broad slowdown in general economic activity , and the impact of increased ethanol blending into gasoline .in 2009 refined product demand continued to decline .for our marketing area , we estimate a gasoline demand decline of about one percent and a distillate demand decline of about 12 percent from 2008 levels .market demand declines for gasoline and distillates generally reduce the product margin we can realize .we also estimate gasoline and distillate demand in our marketing area decreased about three percent in 2008 compared to 2007 levels .the gross margin on merchandise sold at retail outlets has been historically less volatile. .
|
by what percentage did the average crack spread for the midwest ( chicago ) decrease from 2007 to 2009?
|
-60.3%
|
{
"answer": "-60.3%",
"decimal": -0.603,
"type": "percentage"
}
| |
kimco realty corporation and subsidiaries notes to consolidated financial statements , continued investment in retail store leases the company has interests in various retail store leases relating to the anchor store premises in neighborhood and community shopping centers .these premises have been sublet to retailers who lease the stores pursuant to net lease agreements .income from the investment in these retail store leases during the years ended december 31 , 2008 , 2007 and 2006 , was approximately $ 2.7 million , $ 1.2 million and $ 1.3 million , respectively .these amounts represent sublease revenues during the years ended december 31 , 2008 , 2007 and 2006 , of approximately $ 7.1 million , $ 7.7 million and $ 8.2 million , respectively , less related expenses of $ 4.4 million , $ 5.1 million and $ 5.7 million , respectively , and an amount which , in management 2019s estimate , reasonably provides for the recovery of the investment over a period representing the expected remaining term of the retail store leases .the company 2019s future minimum revenues under the terms of all non-cancelable tenant subleases and future minimum obligations through the remaining terms of its retail store leases , assuming no new or renegotiated leases are executed for such premises , for future years are as follows ( in millions ) : 2009 , $ 5.6 and $ 3.8 ; 2010 , $ 5.4 and $ 3.7 ; 2011 , $ 4.5 and $ 3.1 ; 2012 , $ 2.3 and $ 2.1 ; 2013 , $ 1.0 and $ 1.3 and thereafter , $ 1.4 and $ 0.5 , respectively .leveraged lease during june 2002 , the company acquired a 90% ( 90 % ) equity participation interest in an existing leveraged lease of 30 properties .the properties are leased under a long-term bond-type net lease whose primary term expires in 2016 , with the lessee having certain renewal option rights .the company 2019s cash equity investment was approximately $ 4.0 million .this equity investment is reported as a net investment in leveraged lease in accordance with sfas no .13 , accounting for leases ( as amended ) .from 2002 to 2007 , 18 of these properties were sold , whereby the proceeds from the sales were used to pay down the mortgage debt by approximately $ 31.2 million .as of december 31 , 2008 , the remaining 12 properties were encumbered by third-party non-recourse debt of approximately $ 42.8 million that is scheduled to fully amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease .as an equity participant in the leveraged lease , the company has no recourse obligation for principal or interest payments on the debt , which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease .accordingly , this obligation has been offset against the related net rental receivable under the lease .at december 31 , 2008 and 2007 , the company 2019s net investment in the leveraged lease consisted of the following ( in millions ) : .
[['', '2008', '2007'], ['remaining net rentals', '$ 53.8', '$ 55.0'], ['estimated unguaranteed residual value', '31.7', '36.0'], ['non-recourse mortgage debt', '-38.5 ( 38.5 )', '-43.9 ( 43.9 )'], ['unearned and deferred income', '-43.0 ( 43.0 )', '-43.3 ( 43.3 )'], ['net investment in leveraged lease', '$ 4.0', '$ 3.8']]
9 .mortgages and other financing receivables : the company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the company .for a complete listing of the company 2019s mortgages and other financing receivables at december 31 , 2008 , see financial statement schedule iv included on page 141 of this annual report on form 10-k .reconciliation of mortgage loans and other financing receivables on real estate: .
|
what is the growth rate in the income from investment in the retail store leases from 2006 to 2007?
|
-7.7%
|
{
"answer": "-7.7%",
"decimal": -0.077,
"type": "percentage"
}
| |
.
[['buildings and improvements', '39'], ['office furniture and equipment', '5'], ['manufacturing and engineering equipment', '5'], ['vehicles', '5']]
long-lived assets in accordance with sfas no .144 , accounting for the impairment or disposal of long-lived assets , the company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be fully recoverable .the carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset .that assessment is based on the carrying amount of the asset at the date it is tested for recoverability .an impairment loss is measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value .sfas no .142 , goodwill and other intangible assets , requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired .the company did not recognize any goodwill or intangible asset impairment charges in 2008 , 2007 , or 2006 .the company established reporting units based on its current reporting structure .for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting unit .sfas no .142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no .144 .the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years .dividends on june 6 , 2008 the board of directors declared a dividend of $ 0.75 per share to be paid on december 15 , 2008 to shareholders of record on december 1 , 2008 .the company paid out a dividend in the amount of $ 150251 .the dividend has been reported as a reduction of retained earnings .on august 1 , 2007 the board of directors declared a dividend of $ 0.75 per share to be paid on september 14 , 2007 to shareholders of record on august 15 , 2007 .the company paid out a dividend in the amount of $ 162531 .the dividend has been reported as a reduction of retained earnings .on april 26 , 2006 the board of directors declared a post-split dividend of $ 0.50 per share to be paid on december 15 , 2006 to shareholders of record on december 1 , 2006 .the company paid out a dividend in the amount of $ 107923 .the dividend has been reported as a reduction of retained earnings .approximately $ 186383 and $ 159210 of retained earnings are indefinitely restricted from distribution to stockholders pursuant to the laws of taiwan at december 27 , 2008 and december 29 , 2007 , respectively .intangible assets at december 27 , 2008 and december 29 , 2007 , the company had patents , license agreements , customer related intangibles and other identifiable finite-lived intangible assets recorded at a cost of $ 152104 and $ 159503 , respectively .the company 2019s excess purchase cost over fair value of net assets acquired ( goodwill ) was $ 127429 at december 27 , 2008 and $ 98494 at december 29 , 2007 .identifiable , finite-lived intangible assets are amortized over their estimated useful lives on a straight-line basis over three to ten years .accumulated amortization was $ 48579 and $ 59967 at december 27 , 2008 and december 29 , 2007 respectively .amortization expense was $ 30874 , $ 26942 , and $ 21147 , for the years ended .
|
what is the ratio between the value of vehicles and buildings and improvements?
|
0.1282
|
{
"answer": "0.1282",
"decimal": 0.1282,
"type": "float"
}
|
it is the value of the vehicles divided by the value of the buildings and improvements .
|
mastercard incorporated notes to consolidated financial statements 2014continued in september 2010 , the company 2019s board of directors authorized a plan for the company to repurchase up to $ 1 billion of its class a common stock in open market transactions .the company did not repurchase any shares under this plan during 2010 .as of february 16 , 2011 , the company had completed the repurchase of approximately 0.3 million shares of its class a common stock at a cost of approximately $ 75 million .note 18 .share based payment and other benefits in may 2006 , the company implemented the mastercard incorporated 2006 long-term incentive plan , which was amended and restated as of october 13 , 2008 ( the 201cltip 201d ) .the ltip is a shareholder-approved omnibus plan that permits the grant of various types of equity awards to employees .the company has granted restricted stock units ( 201crsus 201d ) , non-qualified stock options ( 201coptions 201d ) and performance stock units ( 201cpsus 201d ) under the ltip .the rsus generally vest after three to four years .the options , which expire ten years from the date of grant , generally vest ratably over four years from the date of grant .the psus generally vest after three years .additionally , the company made a one-time grant to all non-executive management employees upon the ipo for a total of approximately 440 thousand rsus ( the 201cfounders 2019 grant 201d ) .the founders 2019 grant rsus vested three years from the date of grant .the company uses the straight-line method of attribution for expensing equity awards .compensation expense is recorded net of estimated forfeitures .estimates are adjusted as appropriate .upon termination of employment , excluding retirement , all of a participant 2019s unvested awards are forfeited .however , when a participant terminates employment due to retirement , the participant generally retains all of their awards without providing additional service to the company .eligible retirement is dependent upon age and years of service , as follows : age 55 with ten years of service , age 60 with five years of service and age 65 with two years of service .compensation expense is recognized over the shorter of the vesting periods stated in the ltip , or the date the individual becomes eligible to retire .there are 11550000 shares of class a common stock reserved for equity awards under the ltip .although the ltip permits the issuance of shares of class b common stock , no such shares have been reserved for issuance .shares issued as a result of option exercises and the conversions of rsus and psus are expected to be funded primarily with the issuance of new shares of class a common stock .stock options the fair value of each option is estimated on the date of grant using a black-scholes option pricing model .the following table presents the weighted-average assumptions used in the valuation and the resulting weighted- average fair value per option granted for the years ended december 31: .
[['', '2010', '2009', '2008'], ['risk-free rate of return', '2.7% ( 2.7 % )', '2.5% ( 2.5 % )', '3.2% ( 3.2 % )'], ['expected term ( in years )', '6.25', '6.17', '6.25'], ['expected volatility', '32.7% ( 32.7 % )', '41.7% ( 41.7 % )', '37.9% ( 37.9 % )'], ['expected dividend yield', '0.3% ( 0.3 % )', '0.4% ( 0.4 % )', '0.3% ( 0.3 % )'], ['weighted-average fair value per option granted', '$ 84.62', '$ 71.03', '$ 78.54']]
the risk-free rate of return was based on the u.s .treasury yield curve in effect on the date of grant .the company utilizes the simplified method for calculating the expected term of the option based on the vesting terms and the contractual life of the option .the expected volatility for options granted during 2010 and 2009 was based on the average of the implied volatility of mastercard and a blend of the historical volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to .
|
what is the average expected dividend yield during 2008-2010?
|
0.33%
|
{
"answer": "0.33%",
"decimal": 0.0033,
"type": "percentage"
}
|
it is the sum of all expected dividends yield divided by three .
|
contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2018 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table .certain amounts in this table are based on management fffds estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans .because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. .
[['( in millions )', 'payments due by period total', 'payments due by period fiscal 2019', 'payments due by period fiscal 2020and 2021', 'payments due by period fiscal 2022and 2023', 'payments due by period thereafter'], ['long-term debt including current portionexcluding capital lease obligations ( 1 )', '$ 6039.0', '$ 726.6', '$ 824.8', '$ 1351.0', '$ 3136.6'], ['operating lease obligations ( 2 )', '615.8', '132.1', '199.9', '118.4', '165.4'], ['capital lease obligations ( 3 )', '152.5', '5.0', '6.7', '2.7', '138.1'], ['purchase obligations and other ( 4 ) ( 5 ) ( 6 )', '2210.5', '1676.6', '224.1', '114.9', '194.9'], ['total', '$ 9017.8', '$ 2540.3', '$ 1255.5', '$ 1587.0', '$ 3635.0']]
( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments .we have excluded $ 205.2 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations .see fffdnote 13 .debt fffd fffd of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments .( 2 ) see fffdnote 14 .operating leases fffd of the notes to consolidated financial statements for additional information .( 3 ) the fair value step-up of $ 18.5 million is excluded .see fffdnote 13 .debt fffd fffd capital lease and other indebtednesstt fffd of the notes to consolidated financial statements for additional information .( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction .purchase obligations exclude agreements that are cancelable without penalty .( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans .our estimates are based on factors , such as discount rates and expected returns on plan assets .future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation .it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts .we have excluded $ 247.8 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2018 due to lack of definite payout terms for certain of the obligations .see fffdnote 4 .retirement plans fffd multiemployer plans fffd of the notes to consolidated financial statements for additional information .( 6 ) we have not included the following items in the table : fffd an item labeled fffdother long-term liabilities fffd reflected on our consolidated balance sheet because these liabilities do not have a definite pay-out scheme .fffd $ 158.4 million from the line item fffdpurchase obligations and other fffd for certain provisions of the financial accounting standards board fffds ( fffdfasb fffd ) accounting standards codification ( fffdasc fffd ) 740 , fffdincome taxes fffd associated with liabilities for uncertain tax positions due to the uncertainty as to the amount and timing of payment , if any .in addition to the enforceable and legally binding obligations presented in the table above , we have other obligations for goods and services and raw materials entered into in the normal course of business .these contracts , however , are subject to change based on our business decisions .expenditures for environmental compliance see item 1 .fffdbusiness fffd fffd governmental regulation fffd environmental and other matters fffd , fffdbusiness fffd fffd governmental regulation fffd cercla and other remediation costs fffd , and fffd fffdbusiness fffd fffd governmental regulation fffd climate change fffd for a discussion of our expenditures for environmental compliance. .
|
what would the purchase obligations and other be for payments before the period be if they included the multiemployer pension plan?
|
$ 2458.3 million
|
{
"answer": "$ 2458.3 million",
"decimal": 2458300000,
"type": "money"
}
|
in line 19 , it says that they did not include the pension plan . to find out what the cost would be if they included the pension plan one needs to add 247.8 ( given in line 19 ) and 2210.5 ( given in the table ) which will give you $ 2458.3 million
|
performance graph the following graph compares the cumulative five-year total return provided shareholders on our class a common stock relative to the cumulative total returns of the s&p 500 index and two customized peer groups .the old peer group includes intercontinentalexchange , inc. , nyse euronext and the nasdaq omx group inc .the new peer group is the same as the old peer group with the addition of cboe holdings , inc .which completed its initial public offering in june 2010 .an investment of $ 100 ( with reinvestment of all dividends ) is assumed to have been made in our class a common stock , in the peer groups and the s&p 500 index on december 31 , 2005 and its relative performance is tracked through december 31 , 2010 .comparison of 5 year cumulative total return* among cme group inc. , the s&p 500 index , an old peer group and a new peer group 12/05 12/06 12/07 12/08 12/09 12/10 cme group inc .s&p 500 old peer group *$ 100 invested on 12/31/05 in stock or index , including reinvestment of dividends .fiscal year ending december 31 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .new peer group the stock price performance included in this graph is not necessarily indicative of future stock price performance .
[['', '2006', '2007', '2008', '2009', '2010'], ['cme group inc .', '$ 139.48', '$ 188.81', '$ 58.66', '$ 96.37', '$ 93.73'], ['s&p 500', '115.80', '122.16', '76.96', '97.33', '111.99'], ['old peer group', '155.58', '190.78', '72.25', '76.11', '87.61'], ['new peer group', '155.58', '190.78', '72.25', '76.11', '87.61']]
.
|
considering the year 2006 , what is the percentual fluctuation of the return provided by s&p 500 and the one provided by old peer group?
|
39.78%
|
{
"answer": "39.78%",
"decimal": 0.3978,
"type": "percentage"
}
|
its the difference between the return's percentage of both s&p 500 ( 15.8% ) and old peer group ( 55.58% )
|
notes to consolidated financial statements ( continued ) note 4 2014acquisitions ( continued ) acquisition of emagic gmbh during the fourth quarter of 2002 , the company acquired emagic gmbh ( emagic ) , a provider of professional software solutions for computer based music production , for approximately $ 30 million in cash ; $ 26 million of which was paid immediately upon closing of the deal and $ 4 million of which was held-back for future payment contingent on continued employment by certain employees that would be allocated to future compensation expense in the appropriate periods over the following 3 years .during fiscal 2003 , contingent consideration totaling $ 1.3 million was paid .the acquisition has been accounted for as a purchase .the portion of the purchase price allocated to purchased in-process research and development ( ipr&d ) was expensed immediately , and the portion of the purchase price allocated to acquired technology and to tradename will be amortized over their estimated useful lives of 3 years .goodwill associated with the acquisition of emagic is not subject to amortization pursuant to the provisions of sfas no .142 .total consideration was allocated as follows ( in millions ) : .
[['net tangible assets acquired', '$ 2.3'], ['acquired technology', '3.8'], ['tradename', '0.8'], ['in-process research and development', '0.5'], ['goodwill', '18.6'], ['total consideration', '$ 26.0']]
the amount of the purchase price allocated to ipr&d was expensed upon acquisition , because the technological feasibility of products under development had not been established and no alternative future uses existed .the ipr&d relates primarily to emagic 2019s logic series technology and extensions .at the date of the acquisition , the products under development were between 43%-83% ( 43%-83 % ) complete , and it was expected that the remaining work would be completed during the company 2019s fiscal 2003 at a cost of approximately $ 415000 .the remaining efforts , which were completed in 2003 , included finalizing user interface design and development , and testing .the fair value of the ipr&d was determined using an income approach , which reflects the projected free cash flows that will be generated by the ipr&d projects and that are attributable to the acquired technology , and discounting the projected net cash flows back to their present value using a discount rate of 25% ( 25 % ) .acquisition of certain assets of zayante , inc. , prismo graphics , and silicon grail during fiscal 2002 the company acquired certain technology and patent rights of zayante , inc. , prismo graphics , and silicon grail corporation for a total of $ 20 million in cash .these transactions have been accounted for as asset acquisitions .the purchase price for these asset acquisitions , except for $ 1 million identified as contingent consideration which would be allocated to compensation expense over the following 3 years , has been allocated to acquired technology and would be amortized on a straight-line basis over 3 years , except for certain assets acquired from zayante associated with patent royalty streams that would be amortized over 10 years .acquisition of nothing real , llc during the second quarter of 2002 , the company acquired certain assets of nothing real , llc ( nothing real ) , a privately-held company that develops and markets high performance tools designed for the digital image creation market .of the $ 15 million purchase price , the company has allocated $ 7 million to acquired technology , which will be amortized over its estimated life of 5 years .the remaining $ 8 million , which has been identified as contingent consideration , rather than recorded as an additional component of .
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during the fourth quarter of 2002 , the company acquired emagic gmbh ( emagic ) , a provider of professional software solutions for computer based music production , for approximately $ 30 million in cash . what percentage of the purchase price was paid immediately upon closing of the deal?
|
86.7%
|
{
"answer": "86.7%",
"decimal": 0.867,
"type": "percentage"
}
| |
we are required under the terms of our preferred stock to pay scheduled quarterly dividends , subject to legally available funds .for so long as the preferred stock remains outstanding , ( 1 ) we will not declare , pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and ( 2 ) neither we , nor any of our subsidiaries , will , subject to certain exceptions , redeem , purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise , in each case unless we have paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of preferred stock and any parity stock for all preceding dividend periods .pursuant to this policy , we paid quarterly dividends of $ 0.265625 per share on our preferred stock on february 1 , 2009 , may 1 , 2009 , august 3 , 2009 and november 2 , 2009 and similar quarterly dividends during each quarter of 2008 .the annual cash dividend declared and paid during the years ended december 31 , 2009 and 2008 were $ 10 million and $ 10 million , respectively .on january 5 , 2010 , we declared a cash dividend of $ 0.265625 per share on our preferred stock amounting to $ 3 million and a cash dividend of $ 0.04 per share on our series a common stock amounting to $ 6 million .both cash dividends are for the period from november 2 , 2009 to january 31 , 2010 and were paid on february 1 , 2010 to holders of record as of january 15 , 2010 .on february 1 , 2010 , we announced we would elect to redeem all of our outstanding preferred stock on february 22 , 2010 .holders of the preferred stock also have the right to convert their shares at any time prior to 5:00 p.m. , new york city time , on february 19 , 2010 , the business day immediately preceding the february 22 , 2010 redemption date .based on the number of outstanding shares as of december 31 , 2009 and considering the redemption of our preferred stock , cash dividends to be paid in 2010 are expected to result in annual dividend payments less than those paid in 2009 .the amount available to us to pay cash dividends is restricted by our senior credit agreement .any decision to declare and pay dividends in the future will be made at the discretion of our board of directors and will depend on , among other things , our results of operations , cash requirements , financial condition , contractual restrictions and other factors that our board of directors may deem relevant .celanese purchases of its equity securities the table below sets forth information regarding repurchases of our series a common stock during the three months ended december 31 , 2009 : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program .
[['period', 'total number of shares purchased ( 1 )', 'average price paid per share', 'total number of shares purchased as part of publicly announced program', 'approximate dollar value of shares remaining that may be purchased under the program'], ['october 1-31 2009', '24980', '$ 24.54', '-', '$ 122300000.00'], ['november 1-30 2009', '-', '$ -', '-', '$ 122300000.00'], ['december 1-31 2009', '334', '$ 32.03', '-', '$ 122300000.00']]
( 1 ) relates to shares employees have elected to have withheld to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units .no shares were purchased during the three months ended december 31 , 2009 under our previously announced stock repurchase plan .%%transmsg*** transmitting job : d70731 pcn : 033000000 ***%%pcmsg|33 |00012|yes|no|02/10/2010 05:41|0|0|page is valid , no graphics -- color : n| .
|
what is the value of the shares purchased between december 1-31 2009
|
10698.02
|
{
"answer": "10698.02",
"decimal": 10698.02,
"type": "float"
}
| |
note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
[['', '2018', '2017', '2016'], ['weighted average common shares outstanding for basic computations', '284.5', '287.8', '299.3'], ['weighted average dilutive effect of equity awards', '2.3', '2.8', '3.8'], ['weighted average common shares outstanding for diluted computations', '286.8', '290.6', '303.1']]
we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented .our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units ( rsus ) , performance stock units ( psus ) and exercise of outstanding stock options based on the treasury stock method .there were no significant anti-dilutive equity awards for the years ended december 31 , 2018 , 2017 and 2016 .note 3 2013 acquisition and divestitures consolidation of awe management limited on august 24 , 2016 , we increased our ownership interest in the awe joint venture , which operates the united kingdom 2019s nuclear deterrent program , from 33% ( 33 % ) to 51% ( 51 % ) .consequently , we began consolidating awe and our operating results include 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit .prior to increasing our ownership interest , we accounted for our investment in awe using the equity method of accounting .under the equity method , we recognized only 33% ( 33 % ) of awe 2019s earnings or losses and no sales .accordingly , prior to august 24 , 2016 , the date we obtained control , we recorded 33% ( 33 % ) of awe 2019s net earnings in our operating results and subsequent to august 24 , 2016 , we recognized 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit .we accounted for this transaction as a 201cstep acquisition 201d ( as defined by u.s .gaap ) , which requires us to consolidate and record the assets and liabilities of awe at fair value .accordingly , we recorded intangible assets of $ 243 million related to customer relationships , $ 32 million of net liabilities , and noncontrolling interests of $ 107 million .the intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows .in 2016 , we recognized a non-cash net gain of $ 104 million associated with obtaining a controlling interest in awe , which consisted of a $ 127 million pretax gain recognized in the operating results of our space business segment and $ 23 million of tax-related items at our corporate office .the gain represented the fair value of our 51% ( 51 % ) interest in awe , less the carrying value of our previously held investment in awe and deferred taxes .the gain was recorded in other income , net on our consolidated statements of earnings .the fair value of awe ( including the intangible assets ) , our controlling interest , and the noncontrolling interests were determined using the income approach .divestiture of the information systems & global solutions business on august 16 , 2016 , we divested our former is&gs business , which merged with 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. .
|
what was the percent of the tax associated with the acquisition of the controlling effect in awe in 2016
|
18.1%
|
{
"answer": "18.1%",
"decimal": 0.18100000000000002,
"type": "percentage"
}
| |
notes to consolidated financial statements ( continued ) note 3 2014financial instruments ( continued ) accounts receivable trade receivables the company distributes its products through third-party distributors and resellers and directly to certain education , consumer , and commercial customers .the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk .in addition , when possible , the company does attempt to limit credit risk on trade receivables with credit insurance for certain customers in latin america , europe , asia , and australia and by arranging with third- party financing companies to provide flooring arrangements and other loan and lease programs to the company 2019s direct customers .these credit-financing arrangements are directly between the third-party financing company and the end customer .as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements .however , considerable trade receivables that are not covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners .no customer accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 or september 24 , 2005 .the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 30 , september 24 , september 25 .
[['', 'september 30 2006', 'september 24 2005', 'september 25 2004'], ['beginning allowance balance', '$ 46', '$ 47', '$ 49'], ['charged to costs and expenses', '17', '8', '3'], ['deductions ( a )', '-11 ( 11 )', '-9 ( 9 )', '-5 ( 5 )'], ['ending allowance balance', '$ 52', '$ 46', '$ 47']]
( a ) represents amounts written off against the allowance , net of recoveries .vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company .the company purchases these raw material components directly from suppliers .these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 1.6 billion and $ 417 million as of september 30 , 2006 and september 24 , 2005 , respectively .the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales .derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk .foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales .from time to time , the company enters into interest rate derivative agreements to modify the interest rate profile of certain investments and debt .the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments .the company records all derivatives on the balance sheet at fair value. .
|
what was the greatest ending allowance balance , in millions?
|
52
|
{
"answer": "52",
"decimal": 52,
"type": "float"
}
| |
in the ordinary course of business , based on our evaluations of certain geologic trends and prospective economics , we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future .if production is not established or we take no other action to extend the terms of the leases , licenses , or concessions , undeveloped acreage listed in the table below will expire over the next three years .we plan to continue the terms of many of these licenses and concession areas or retain leases through operational or administrative actions. .
[['( in thousands )', 'net undeveloped acres expiring 2013', 'net undeveloped acres expiring 2014', 'net undeveloped acres expiring 2015'], ['u.s .', '436', '189', '130'], ['canada', '2014', '2014', '2014'], ['total north america', '436', '189', '130'], ['e.g .', '2014', '36', '2014'], ['other africa', '858', '2014', '189'], ['total africa', '858', '36', '189'], ['total europe', '2014', '216', '1155'], ['other international', '2014', '2014', '49'], ['worldwide', '1294', '441', '1523']]
marketing and midstream our e&p segment includes activities related to the marketing and transportation of substantially all of our liquid hydrocarbon and natural gas production .these activities include the transportation of production to market centers , the sale of commodities to third parties and storage of production .we balance our various sales , storage and transportation positions through what we call supply optimization , which can include the purchase of commodities from third parties for resale .supply optimization serves to aggregate volumes in order to satisfy transportation commitments and to achieve flexibility within product types and delivery points .as discussed previously , we currently own and operate gathering systems and other midstream assets in some of our production areas .we are continually evaluating value-added investments in midstream infrastructure or in capacity in third-party systems .delivery commitments we have committed to deliver quantities of crude oil and natural gas to customers under a variety of contracts .as of december 31 , 2012 , those contracts for fixed and determinable amounts relate primarily to eagle ford liquid hydrocarbon production .a minimum of 54 mbbld is to be delivered at variable pricing through mid-2017 under two contracts .our current production rates and proved reserves related to the eagle ford shale are sufficient to meet these commitments , but the contracts also provide for a monetary shortfall penalty or delivery of third-party volumes .oil sands mining segment we hold a 20 percent non-operated interest in the aosp , an oil sands mining and upgrading joint venture located in alberta , canada .the joint venture produces bitumen from oil sands deposits in the athabasca region utilizing mining techniques and upgrades the bitumen to synthetic crude oils and vacuum gas oil .the aosp 2019s mining and extraction assets are located near fort mcmurray , alberta and include the muskeg river and the jackpine mines .gross design capacity of the combined mines is 255000 ( 51000 net to our interest ) barrels of bitumen per day .the aosp base and expansion 1 scotford upgrader is at fort saskatchewan , northeast of edmonton , alberta .as of december 31 , 2012 , we own or have rights to participate in developed and undeveloped leases totaling approximately 216000 gross ( 43000 net ) acres .the underlying developed leases are held for the duration of the project , with royalties payable to the province of alberta .the five year aosp expansion 1 was completed in 2011 .the jackpine mine commenced production under a phased start- up in the third quarter of 2010 and began supplying oil sands ore to the base processing facility in the fourth quarter of 2010 .the upgrader expansion was completed and commenced operations in the second quarter of 2011 .synthetic crude oil sales volumes for 2012 were 47 mbbld and net of royalty production was 41 mbbld .phase one of debottlenecking opportunities was approved in 2011 and is expected to be completed in the second quarter of 2013 .future expansions and additional debottlenecking opportunities remain under review with no formal approvals expected until 2014 .current aosp operations use established processes to mine oil sands deposits from an open-pit mine , extract the bitumen and upgrade it into synthetic crude oils .ore is mined using traditional truck and shovel mining techniques .the mined ore passes through primary crushers to reduce the ore chunks in size and is then sent to rotary breakers where the ore chunks are further reduced to smaller particles .the particles are combined with hot water to create slurry .the slurry moves through the extraction .
|
what percent of net expiring acres in 2013 are foreign?
|
66%
|
{
"answer": "66%",
"decimal": 0.66,
"type": "percentage"
}
|
not in us - foreign
|
construction of cvn-79 john f .kennedy , construction of the u.s .coast guard 2019s fifth national security cutter ( unnamed ) , advance planning efforts for the cvn-72 uss abraham lincoln rcoh , and continued execution of the cvn-71 uss theodore roosevelt rcoh .2010 2014the value of new contract awards during the year ended december 31 , 2010 , was approximately $ 3.6 billion .significant new awards during this period included $ 480 million for the construction of the u.s .coast guard 2019s fourth national security cutter hamilton , $ 480 million for design and long-lead material procurement activities for the cvn-79 john f .kennedy aircraft carrier , $ 377 million for cvn-78 gerald r .ford , $ 224 million for lha-7 ( unnamed ) , $ 184 million for lpd-26 john p .murtha , $ 114 million for ddg-114 ralph johnson and $ 62 million for long-lead material procurement activities for lpd-27 ( unnamed ) .liquidity and capital resources we endeavor to ensure the most efficient conversion of operating results into cash for deployment in operating our businesses and maximizing stockholder value .we use various financial measures to assist in capital deployment decision making , including net cash provided by operating activities and free cash flow .we believe these measures are useful to investors in assessing our financial performance .the table below summarizes key components of cash flow provided by ( used in ) operating activities: .
[['( $ in millions )', 'year ended december 31 2011', 'year ended december 31 2010', 'year ended december 31 2009'], ['net earnings ( loss )', '$ -94 ( 94 )', '$ 135', '$ 124'], ['goodwill impairment', '290', '0', '0'], ['deferred income taxes', '27', '-19 ( 19 )', '-98 ( 98 )'], ['depreciation and amortization', '190', '183', '186'], ['stock-based compensation', '42', '0', '0'], ['retiree benefit funding less than ( in excess of ) expense', '122', '33', '-28 ( 28 )'], ['trade working capital decrease ( increase )', '-49 ( 49 )', '27', '-272 ( 272 )'], ['net cash provided by ( used in ) operating activities', '$ 528', '$ 359', '$ -88 ( 88 )']]
cash flows we discuss below our major operating , investing and financing activities for each of the three years in the period ended december 31 , 2011 , as classified on our consolidated statements of cash flows .operating activities 2011 2014cash provided by operating activities was $ 528 million in 2011 compared with $ 359 million in 2010 .the increase of $ 169 million was due principally to increased earnings net of impairment charges and lower pension contributions , offset by an increase in trade working capital .net cash paid by northrop grumman on our behalf for u.s .federal income tax obligations was $ 53 million .we expect cash generated from operations for 2012 to be sufficient to service debt , meet contract obligations , and finance capital expenditures .although 2012 cash from operations is expected to be sufficient to service these obligations , we may from time to time borrow funds under our credit facility to accommodate timing differences in cash flows .2010 2014net cash provided by operating activities was $ 359 million in 2010 compared with cash used of $ 88 million in 2009 .the change of $ 447 million was due principally to a decrease in discretionary pension contributions of $ 97 million , a decrease in trade working capital of $ 299 million , and a decrease in deferred income taxes of $ 79 million .in 2009 , trade working capital balances included the unfavorable impact of delayed customer billings associated with the negative performance adjustments on the lpd-22 through lpd-25 contract due to projected cost increases at completion .see note 7 : contract charges in item 8 .the change in deferred taxes was due principally to the timing of contract related deductions .u.s .federal income tax payments made by northrop grumman on our behalf were $ 89 million in 2010. .
|
what is the percentage change in net cash from operating activities from 2010 to 2011?
|
47.1%
|
{
"answer": "47.1%",
"decimal": 0.47100000000000003,
"type": "percentage"
}
| |
credits and deductions identified in fiscal 2010 that related to prior periods .these benefits were offset , in part , by unfavorable tax consequences of the patient protection and affordable care act and the health care and education reconciliation act of 2010 .the company expects its effective tax rate in fiscal 2011 , exclusive of any unusual transactions or tax events , to be approximately 34% ( 34 % ) .equity method investment earnings we include our share of the earnings of certain affiliates based on our economic ownership interest in the affiliates .significant affiliates produce and market potato products for retail and foodservice customers .our share of earnings from our equity method investments was $ 22 million ( $ 2 million in the consumer foods segment and $ 20 million in the commercial foods segment ) and $ 24 million ( $ 3 million in the consumer foods segment and $ 21 million in the commercial foods segment ) in fiscal 2010 and 2009 , respectively .equity method investment earnings in the commercial foods segment reflects continued difficult market conditions for our foreign and domestic potato ventures .results of discontinued operations our discontinued operations generated an after-tax loss of $ 22 million in fiscal 2010 and earnings of $ 361 million in fiscal 2009 .in fiscal 2010 , we decided to divest our dehydrated vegetable operations .as a result of this decision , we recognized an after-tax impairment charge of $ 40 million in fiscal 2010 , representing a write- down of the carrying value of the related long-lived assets to fair value , based on the anticipated sales proceeds .in fiscal 2009 , we completed the sale of the trading and merchandising operations and recognized an after-tax gain on the disposition of approximately $ 301 million .in the fourth quarter of fiscal 2009 , we decided to sell certain small foodservice brands .the sale of these brands was completed in june 2009 .we recognized after-tax impairment charges of $ 6 million in fiscal 2009 , in anticipation of this divestiture .earnings per share our diluted earnings per share in fiscal 2010 were $ 1.62 ( including earnings of $ 1.67 per diluted share from continuing operations and a loss of $ 0.05 per diluted share from discontinued operations ) .our diluted earnings per share in fiscal 2009 were $ 2.15 ( including earnings of $ 1.36 per diluted share from continuing operations and $ 0.79 per diluted share from discontinued operations ) see 201citems impacting comparability 201d above as several other significant items affected the comparability of year-over-year results of operations .2009 vs .2008 net sales ( $ in millions ) reporting segment fiscal 2009 net sales fiscal 2008 net sales % ( % ) increase .
[['reporting segment', 'fiscal 2009 net sales', 'fiscal 2008 net sales', '% ( % ) increase'], ['consumer foods', '$ 7979', '$ 7400', '8% ( 8 % )'], ['commercial foods', '4447', '3848', '16% ( 16 % )'], ['total', '$ 12426', '$ 11248', '11% ( 11 % )']]
overall , our net sales increased $ 1.18 billion to $ 12.43 billion in fiscal 2009 , reflecting improved pricing and mix in the consumer foods segment and increased pricing in the milling and specialty potato operations of the commercial foods segment , as well as an additional week in fiscal 2009 .consumer foods net sales for fiscal 2009 were $ 7.98 billion , an increase of 8% ( 8 % ) compared to fiscal 2008 .results reflected an increase of 7% ( 7 % ) from improved net pricing and product mix and flat volume .volume reflected a benefit of approximately 2% ( 2 % ) in fiscal 2009 due to the inclusion of an additional week of results .the strengthening of the u.s .dollar relative to foreign currencies resulted in a reduction of net sales of approximately 1% ( 1 % ) as compared to fiscal 2008. .
|
what percentage of fiscal 2009 total net sales was due to commercial foods?
|
36%
|
{
"answer": "36%",
"decimal": 0.36,
"type": "percentage"
}
| |
we also record an inventory obsolescence reserve , which represents the difference between the cost of the inventory and its estimated realizable value , based on various product sales projections .this reserve is calcu- lated using an estimated obsolescence percentage applied to the inventory based on age , historical trends and requirements to support forecasted sales .in addition , and as necessary , we may establish specific reserves for future known or anticipated events .pension and other post-retirement benefit costs we offer the following benefits to some or all of our employees : a domestic trust-based noncontributory qual- ified defined benefit pension plan ( 201cu.s .qualified plan 201d ) and an unfunded , non-qualified domestic noncon- tributory pension plan to provide benefits in excess of statutory limitations ( collectively with the u.s .qualified plan , the 201cdomestic plans 201d ) ; a domestic contributory defined contribution plan ; international pension plans , which vary by country , consisting of both defined benefit and defined contribution pension plans ; deferred compensation arrangements ; and certain other post- retirement benefit plans .the amounts needed to fund future payouts under our defined benefit pension and post-retirement benefit plans are subject to numerous assumptions and variables .cer- tain significant variables require us to make assumptions that are within our control such as an anticipated discount rate , expected rate of return on plan assets and future compensation levels .we evaluate these assumptions with our actuarial advisors and select assumptions that we believe reflect the economics underlying our pension and post-retirement obligations .while we believe these assumptions are within accepted industry ranges , an increase or decrease in the assumptions or economic events outside our control could have a direct impact on reported net earnings .the discount rate for each plan used for determining future net periodic benefit cost is based on a review of highly rated long-term bonds .for fiscal 2013 , we used a discount rate for our domestic plans of 3.90% ( 3.90 % ) and vary- ing rates on our international plans of between 1.00% ( 1.00 % ) and 7.00% ( 7.00 % ) .the discount rate for our domestic plans is based on a bond portfolio that includes only long-term bonds with an aa rating , or equivalent , from a major rating agency .as of june 30 , 2013 , we used an above-mean yield curve , rather than the broad-based yield curve we used before , because we believe it represents a better estimate of an effective settlement rate of the obligation , and the timing and amount of cash flows related to the bonds included in this portfolio are expected to match the estimated defined benefit payment streams of our domestic plans .the benefit obligation of our domestic plans would have been higher by approximately $ 34 mil- lion at june 30 , 2013 had we not used the above-mean yield curve .for our international plans , the discount rate in a particular country was principally determined based on a yield curve constructed from high quality corporate bonds in each country , with the resulting portfolio having a duration matching that particular plan .for fiscal 2013 , we used an expected return on plan assets of 7.50% ( 7.50 % ) for our u.s .qualified plan and varying rates of between 2.25% ( 2.25 % ) and 7.00% ( 7.00 % ) for our international plans .in determining the long-term rate of return for a plan , we consider the historical rates of return , the nature of the plan 2019s investments and an expectation for the plan 2019s investment strategies .see 201cnote 12 2014 pension , deferred compensation and post-retirement benefit plans 201d of notes to consolidated financial statements for details regarding the nature of our pension and post-retirement plan invest- ments .the difference between actual and expected return on plan assets is reported as a component of accu- mulated other comprehensive income .those gains/losses that are subject to amortization over future periods will be recognized as a component of the net periodic benefit cost in such future periods .for fiscal 2013 , our pension plans had actual return on assets of approximately $ 74 million as compared with expected return on assets of approximately $ 64 million .the resulting net deferred gain of approximately $ 10 million , when combined with gains and losses from previous years , will be amortized over periods ranging from approximately 7 to 22 years .the actual return on plan assets from our international pen- sion plans exceeded expectations , primarily reflecting a strong performance from fixed income and equity invest- ments .the lower than expected return on assets from our u.s .qualified plan was primarily due to weakness in our fixed income investments , partially offset by our strong equity returns .a 25 basis-point change in the discount rate or the expected rate of return on plan assets would have had the following effect on fiscal 2013 pension expense : 25 basis-point 25 basis-point increase decrease ( in millions ) .
[['( in millions )', '25 basis-point increase', '25 basis-point decrease'], ['discount rate', '$ -3.5 ( 3.5 )', '$ 3.9'], ['expected return on assets', '$ -2.5 ( 2.5 )', '$ 2.7']]
our post-retirement plans are comprised of health care plans that could be impacted by health care cost trend rates , which may have a significant effect on the amounts the est{e lauder companies inc .115 .
|
considering the year 2013 , what was the percentual increase in the actual return on assets compared with the expected return?
|
15.62%
|
{
"answer": "15.62%",
"decimal": 0.1562,
"type": "percentage"
}
|
it is the actual return divided by the expected return , then subtracted 1 and turned into a percentage .
|
cdw corporation and subsidiaries notes to consolidated financial statements 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters 2019 exercise in full of the overallotment option granted to them in connection with the ipo .because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator .such shares will be fully reflected in the 2014 denominator .see note 9 for additional discussion of the ipo .the dilutive effect of outstanding restricted stock , restricted stock units , stock options and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method .the following is a reconciliation of basic shares to diluted shares: .
[['( in millions )', 'years ended december 31 , 2013', 'years ended december 31 , 2012', 'years ended december 31 , 2011'], ['weighted-average shares - basic', '156.6', '145.1', '144.8'], ['effect of dilutive securities', '2.1', '0.7', '0.1'], ['weighted-average shares - diluted', '158.7', '145.8', '144.9']]
for the years ended december 31 , 2013 , 2012 and 2011 , diluted earnings per share excludes the impact of 0.0 million , 0.0 million , and 4.3 million potential common shares , respectively , as their inclusion would have had an anti-dilutive effect .12 .deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan .the total number of rdus that can be granted under the rdu plan is 28500 .at december 31 , 2013 , 28500 rdus were outstanding .rdus that are outstanding vest daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 .participants have no rights to the underlying debt .the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component .the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the 201cdebt pool 201d ) , together with certain redemption premium equivalents as noted below .the interest component credits the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below .interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates .payments totaling $ 1.7 million and $ 1.3 million were made to participants under the rdu plan in april and october 2013 , respectively , in connection with the semi-annual interest payments due .the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 .in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan .in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes .in addition , the company added $ 1.4 million to the principal component in the year ended december 31 , 2013 as redemption premium equivalents in accordance with the terms of the rdu plan .under the terms of the amended rdu plan , upon the partial redemption of outstanding senior subordinated notes , the rdus ceased to accrue the proportionate related interest component credits .the .
|
under the rdu program in 2013 , what was the average of the two semi-annual interest payments , in millions?
|
1.5
|
{
"answer": "1.5",
"decimal": 1.5,
"type": "float"
}
| |
pricing the loans .when available , valuation assumptions included observable inputs based on whole loan sales .adjustments are made to these assumptions to account for situations when uncertainties exist , including market conditions and liquidity .credit risk is included as part of our valuation process for these loans by considering expected rates of return for market participants for similar loans in the marketplace .based on the significance of unobservable inputs , we classify this portfolio as level 3 .equity investments the valuation of direct and indirect private equity investments requires significant management judgment due to the absence of quoted market prices , inherent lack of liquidity and the long-term nature of such investments .the carrying values of direct and affiliated partnership interests reflect the expected exit price and are based on various techniques including publicly traded price , multiples of adjusted earnings of the entity , independent appraisals , anticipated financing and sale transactions with third parties , or the pricing used to value the entity in a recent financing transaction .in september 2009 , the fasb issued asu 2009-12 2013 fair value measurements and disclosures ( topic 820 ) 2013 investments in certain entities that calculate net asset value per share ( or its equivalent ) .based on the guidance , we value indirect investments in private equity funds based on net asset value as provided in the financial statements that we receive from their managers .due to the time lag in our receipt of the financial information and based on a review of investments and valuation techniques applied , adjustments to the manager-provided value are made when available recent portfolio company information or market information indicates a significant change in value from that provided by the manager of the fund .these investments are classified as level 3 .customer resale agreements we account for structured resale agreements , which are economically hedged using free-standing financial derivatives , at fair value .the fair value for structured resale agreements is determined using a model which includes observable market data such as interest rates as inputs .readily observable market inputs to this model can be validated to external sources , including yield curves , implied volatility or other market-related data .these instruments are classified as level 2 .blackrock series c preferred stock effective february 27 , 2009 , we elected to account for the approximately 2.9 million shares of the blackrock series c preferred stock received in a stock exchange with blackrock at fair value .the series c preferred stock economically hedges the blackrock ltip liability that is accounted for as a derivative .the fair value of the series c preferred stock is determined using a third-party modeling approach , which includes both observable and unobservable inputs .this approach considers expectations of a default/liquidation event and the use of liquidity discounts based on our inability to sell the security at a fair , open market price in a timely manner .due to the significance of unobservable inputs , this security is classified as level 3 .level 3 assets and liabilities financial instruments are considered level 3 when their values are determined using pricing models , discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable .level 3 assets and liabilities dollars in millions level 3 assets level 3 liabilities % ( % ) of total assets at fair value % ( % ) of total liabilities at fair value consolidated assets consolidated liabilities .
[['dollars in millions', 'total level 3 assets', 'total level 3 liabilities', '% ( % ) of total assets at fair value', '% ( % ) of total liabilities at fair value', '% ( % ) of consolidated assets', '% ( % ) of consolidated liabilities', ''], ['december 31 2009', '$ 14151', '$ 295', '22% ( 22 % )', '6% ( 6 % )', '5% ( 5 % )', '< 1', '% ( % )'], ['december 31 2008', '7012', '22', '19% ( 19 % )', '< 1% ( 1 % )', '2% ( 2 % )', '< 1% ( 1 % )', '']]
during 2009 , securities transferred into level 3 from level 2 exceeded securities transferred out by $ 4.4 billion .total securities measured at fair value and classified in level 3 at december 31 , 2009 and december 31 , 2008 included securities available for sale and trading securities consisting primarily of non-agency residential mortgage-backed securities and asset- backed securities where management determined that the volume and level of activity for these assets had significantly decreased .there have been no recent new 201cprivate label 201d issues in the residential mortgage-backed securities market .the lack of relevant market activity for these securities resulted in management modifying its valuation methodology for the instruments transferred in 2009 .other level 3 assets include certain commercial mortgage loans held for sale , certain equity securities , auction rate securities , corporate debt securities , private equity investments , residential mortgage servicing rights and other assets. .
|
what was the increase in level 3 liabilities between december 31 2009 and december 31 2008 , in millions?
|
273
|
{
"answer": "273",
"decimal": 273,
"type": "float"
}
| |
management 2019s discussion and analysis net interest income 2013 versus 2012 .net interest income on the consolidated statements of earnings was $ 3.39 billion for 2013 , 13% ( 13 % ) lower than 2012 .the decrease compared with 2012 was primarily due to lower average yields on financial instruments owned , at fair value , partially offset by lower interest expense on financial instruments sold , but not yet purchased , at fair value and collateralized financings .2012 versus 2011 .net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 .the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value and collateralized agreements .see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income .operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment .the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . .
[['$ in millions', 'year ended december 2013', 'year ended december 2012', 'year ended december 2011'], ['compensation and benefits', '$ 12613', '$ 12944', '$ 12223'], ['brokerage clearing exchange anddistribution fees', '2341', '2208', '2463'], ['market development', '541', '509', '640'], ['communications and technology', '776', '782', '828'], ['depreciation and amortization', '1322', '1738', '1865'], ['occupancy', '839', '875', '1030'], ['professional fees', '930', '867', '992'], ['insurance reserves1', '176', '598', '529'], ['other expenses', '2931', '2435', '2072'], ['total non-compensation expenses', '9856', '10012', '10419'], ['total operating expenses', '$ 22469', '$ 22956', '$ 22642'], ['total staff at period-end', '32900', '32400', '33300']]
1 .related revenues are included in 201cmarket making 201d in the consolidated statements of earnings .goldman sachs 2013 annual report 45 .
|
what is the net interest income in 2011?
|
5.17
|
{
"answer": "5.17",
"decimal": 5.17,
"type": "float"
}
| |
j a c k h e n r y .c o m 1 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the company 2019s common stock is quoted on the nasdaq global select market ( 201cnasdaq 201d ) under the symbol 201cjkhy 201d .the company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time .the declaration and payment of any future dividends will continue to be at the discretion of our board of directors and will depend upon , among other factors , our earnings , capital requirements , contractual restrictions , and operating and financial condition .the company does not currently foresee any changes in its dividend practices .on august 15 , 2019 , there were approximately 145300 holders of the company 2019s common stock , including individual participants in security position listings .on that same date the last sale price of the common shares as reported on nasdaq was $ 141.94 per share .issuer purchases of equity securities the following shares of the company were repurchased during the quarter ended june 30 , 2019 : total number of shares purchased ( 1 ) average price of total number of shares purchased as part of publicly announced plans ( 1 ) maximum number of shares that may yet be purchased under the plans ( 2 ) .
[['', 'total number of shares purchased ( 1 )', 'average price of share', 'total number of shares purchased as part of publicly announced plans ( 1 )', 'maximum number of shares that may yet be purchased under the plans ( 2 )'], ['april 1- april 30 2019', '2014', '$ 2014', '2014', '3732713'], ['may 1- may 31 2019', '250000', '$ 134.35', '250000', '3482713'], ['june 1- june 30 2019', '2014', '$ 2014', '2014', '3482713'], ['total', '250000', '$ 134.35', '250000', '3482713']]
( 1 ) 250000 shares were purchased through a publicly announced repurchase plan .there were no shares surrendered to the company to satisfy tax withholding obligations in connection with employee restricted stock awards .( 2 ) total stock repurchase authorizations approved by the company 2019s board of directors as of february 17 , 2015 were for 30.0 million shares .these authorizations have no specific dollar or share price targets and no expiration dates. .
|
on august 15 , 2019 , what was the total market value of the approximately 145300 shares of the company 2019s common stock as reported on nasdaq ?
|
20623882
|
{
"answer": "20623882",
"decimal": 20623882,
"type": "float"
}
| |
flows of the company 2019s subsidiaries , the receipt of dividends and repayments of indebtedness from the company 2019s subsidiaries , compliance with delaware corporate and other laws , compliance with the contractual provisions of debt and other agreements , and other factors .the company 2019s dividend rate on its common stock is determined by the board of directors on a quarterly basis and takes into consideration , among other factors , current and possible future developments that may affect the company 2019s income and cash flows .when dividends on common stock are declared , they are typically paid in march , june , september and december .historically , dividends have been paid quarterly to holders of record less than 30 days prior to the distribution date .since the dividends on the company 2019s common stock are not cumulative , only declared dividends are paid .during 2018 , 2017 and 2016 , the company paid $ 319 million , $ 289 million and $ 261 million in cash dividends , respectively .the following table provides the per share cash dividends paid for the years ended december 31: .
[['', '2018', '2017', '2016'], ['december', '$ 0.455', '$ 0.415', '$ 0.375'], ['september', '$ 0.455', '$ 0.415', '$ 0.375'], ['june', '$ 0.455', '$ 0.415', '$ 0.375'], ['march', '$ 0.415', '$ 0.375', '$ 0.34']]
on december 7 , 2018 , the company 2019s board of directors declared a quarterly cash dividend payment of $ 0.455 per share payable on march 1 , 2019 , to shareholders of record as of february 7 , 2019 .equity forward transaction see note 4 2014acquisitions and divestitures for information regarding the forward sale agreements entered into by the company on april 11 , 2018 , and the subsequent settlement of these agreements on june 7 , 2018 .regulatory restrictions the issuance of long-term debt or equity securities by the company or american water capital corp .( 201cawcc 201d ) , the company 2019s wholly owned financing subsidiary , does not require authorization of any state puc if no guarantee or pledge of the regulated subsidiaries is utilized .however , state puc authorization is required to issue long-term debt at most of the company 2019s regulated subsidiaries .the company 2019s regulated subsidiaries normally obtain the required approvals on a periodic basis to cover their anticipated financing needs for a period of time or in connection with a specific financing .under applicable law , the company 2019s subsidiaries can pay dividends only from retained , undistributed or current earnings .a significant loss recorded at a subsidiary may limit the dividends that the subsidiary can distribute to american water .furthermore , the ability of the company 2019s subsidiaries to pay upstream dividends or repay indebtedness to american water is subject to compliance with applicable regulatory restrictions and financial obligations , including , for example , debt service and preferred and preference stock dividends , as well as applicable corporate , tax and other laws and regulations , and other agreements or covenants made or entered into by the company and its subsidiaries .note 10 : stock based compensation the company has granted stock options , stock units and dividend equivalents to non-employee directors , officers and other key employees of the company pursuant to the terms of its 2007 omnibus equity compensation plan ( the 201c2007 plan 201d ) .stock units under the 2007 plan generally vest based on ( i ) continued employment with the company ( 201crsus 201d ) , or ( ii ) continued employment with the company where distribution of the shares is subject to the satisfaction in whole or in part of stated performance-based goals ( 201cpsus 201d ) .the total aggregate number of shares of common stock that may be issued under the 2007 plan is 15.5 million .as of .
|
in the fourth quarter of 2018 vs . 2017 , what was the increase in the cash dividend per share?
|
0.04
|
{
"answer": "0.04",
"decimal": 0.04,
"type": "float"
}
| |
operating expenses operating expenses were $ 2.9 billion , an increase of 8% ( 8 % ) over 2000 .adjusted for the formation of citistreet , operating expenses grew 10% ( 10 % ) .expense growth in 2001 of 10% ( 10 % ) is significantly lower than the comparable 20% ( 20 % ) expense growth for 2000 compared to 1999 .state street successfully reduced the growth rate of expenses as revenue growth slowed during the latter half of 2000 and early 2001 .the expense growth in 2001 reflects higher expenses for salaries and employee benefits , as well as information systems and communications .o p e r a t i n g e x p e n s e s ( dollars in millions ) 2001 2000 1999 change adjusted change 00-01 ( 1 ) .
[['( dollars in millions )', '2001', '2000', '1999', 'change 00-01', 'adjusted change 00-01 ( 1 )'], ['salaries and employee benefits', '$ 1663', '$ 1524', '$ 1313', '9% ( 9 % )', '11% ( 11 % )'], ['information systems and communications', '365', '305', '287', '20', '22'], ['transaction processing services', '247', '268', '237', '-8 ( 8 )', '-7 ( 7 )'], ['occupancy', '229', '201', '188', '15', '16'], ['other', '363', '346', '311', '5', '7'], ['total operating expenses', '$ 2867', '$ 2644', '$ 2336', '8', '10'], ['number of employees', '19753', '17604', '17213', '12', '']]
( 1 ) 2000 results adjusted for the formation of citistreet expenses related to salaries and employee benefits increased $ 139million in 2001 , or $ 163millionwhen adjusted for the formation of citistreet .the adjusted increase reflects more than 2100 additional staff to support the large client wins and new business from existing clients and acquisitions .this expense increase was partially offset by lower incentive-based compensation .information systems and communications expense was $ 365 million in 2001 , up 20% ( 20 % ) from the prior year .adjusted for the formation of citistreet , information systems and communications expense increased 22% ( 22 % ) .this growth reflects both continuing investment in software and hardware , aswell as the technology costs associated with increased staffing levels .expenses related to transaction processing services were $ 247 million , down $ 21 million , or 8% ( 8 % ) .these expenses are volume related and include external contract services , subcustodian fees , brokerage services and fees related to securities settlement .lower mutual fund shareholder activities , and lower subcustodian fees resulting from both the decline in asset values and lower transaction volumes , drove the decline .occupancy expensewas $ 229million , up 15% ( 15 % ) .the increase is due to expenses necessary to support state street 2019s global growth , and expenses incurred for leasehold improvements and other operational costs .other expenses were $ 363 million , up $ 17 million , or 5% ( 5 % ) .these expenses include professional services , advertising and sales promotion , and internal operational expenses .the increase over prior year is due to a $ 21 million increase in the amortization of goodwill , primarily from acquisitions in 2001 .in accordance with recent accounting pronouncements , goodwill amortization expense will be eliminated in 2002 .state street recorded approximately $ 38 million , or $ .08 per share after tax , of goodwill amortization expense in 2001 .state street 2019s cost containment efforts , which reduced discretionary spending , partially offset the increase in other expenses .state street corporation 9 .
|
what is the growth rate in the number of employees from 2000 to 2001?
|
12.2%
|
{
"answer": "12.2%",
"decimal": 0.122,
"type": "percentage"
}
| |
frequency ( aehf ) system , orion , global positioning satellite ( gps ) iii system , geostationary operational environmental satellite r-series ( goes-r ) , and mobile user objective system ( muos ) .operating profit for our space systems business segment includes our share of earnings for our investment in united launch alliance ( ula ) , which provides expendable launch services to the u.s .government .space systems 2019 operating results included the following ( in millions ) : .
[['', '2013', '2012', '2011'], ['net sales', '$ 7958', '$ 8347', '$ 8161'], ['operating profit', '1045', '1083', '1063'], ['operating margins', '13.1% ( 13.1 % )', '13.0% ( 13.0 % )', '13.0% ( 13.0 % )'], ['backlog at year-end', '20500', '18100', '16000']]
2013 compared to 2012 space systems 2019 net sales for 2013 decreased $ 389 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower net sales of approximately $ 305 million for commercial satellite programs due to fewer deliveries ( zero delivered during 2013 compared to two for 2012 ) ; and about $ 290 million for the orion program due to lower volume .the decreases were partially offset by higher net sales of approximately $ 130 million for government satellite programs due to net increased volume ; and about $ 65 million for strategic and defensive missile programs ( primarily fbm ) due to increased volume and risk retirements .the increase for government satellite programs was primarily attributable to higher volume on aehf and other programs , partially offset by lower volume on goes-r , muos , and sbirs programs .space systems 2019 operating profit for 2013 decreased $ 38 million , or 4% ( 4 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of approximately $ 50 million for the orion program due to lower volume and risk retirements and about $ 30 million for government satellite programs due to decreased risk retirements , which were partially offset by higher equity earnings from joint ventures of approximately $ 35 million .the decrease in operating profit for government satellite programs was primarily attributable to lower risk retirements for muos , gps iii , and other programs , partially offset by higher risk retirements for the sbirs and aehf programs .operating profit for 2013 included about $ 15 million of charges , net of recoveries , related to the november 2013 restructuring plan .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 15 million lower for 2013 compared to 2012 .2012 compared to 2011 space systems 2019 net sales for 2012 increased $ 186 million , or 2% ( 2 % ) , compared to 2011 .the increase was attributable to higher net sales of approximately $ 150 million due to increased commercial satellite deliveries ( two commercial satellites delivered in 2012 compared to one during 2011 ) ; about $ 125 million from the orion program due to higher volume and an increase in risk retirements ; and approximately $ 70 million from increased volume on various strategic and defensive missile programs .partially offsetting the increases were lower net sales of approximately $ 105 million from certain government satellite programs ( primarily sbirs and muos ) as a result of decreased volume and a decline in risk retirements ; and about $ 55 million from the nasa external tank program , which ended in connection with the completion of the space shuttle program in 2011 .space systems 2019 operating profit for 2012 increased $ 20 million , or 2% ( 2 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 60 million from commercial satellite programs due to increased deliveries and reserves recorded in 2011 ; and about $ 40 million from the orion program due to higher risk retirements and increased volume .partially offsetting the increases was lower operating profit of approximately $ 45 million from lower volume and risk retirements on certain government satellite programs ( primarily sbirs ) ; about $ 20 million from lower risk retirements and lower volume on the nasa external tank program , which ended in connection with the completion of the space shuttle program in 2011 ; and approximately $ 20 million from lower equity earnings as a decline in launch related activities at ula partially was offset by the resolution of contract cost matters associated with the wind-down of united space alliance ( usa ) .adjustments not related to volume , including net profit booking rate adjustments described above , were approximately $ 15 million higher for 2012 compared to 2011 .equity earnings total equity earnings recognized by space systems ( primarily ula in 2013 ) represented approximately $ 300 million , or 29% ( 29 % ) of this segment 2019s operating profit during 2013 .during 2012 and 2011 , total equity earnings recognized by space systems from ula , usa , and the u.k .atomic weapons establishment joint venture represented approximately $ 265 million and $ 285 million , or 24% ( 24 % ) and 27% ( 27 % ) of this segment 2019s operating profit. .
|
what was the average net sales from 2011 to 2013
|
8155.3
|
{
"answer": "8155.3",
"decimal": 8155.3,
"type": "float"
}
| |
pipeline transportation 2013 we own a system of pipelines through marathon pipe line llc ( 201cmpl 201d ) and ohio river pipe line llc ( 201corpl 201d ) , our wholly-owned subsidiaries .our pipeline systems transport crude oil and refined products primarily in the midwest and gulf coast regions to our refineries , our terminals and other pipeline systems .our mpl and orpl wholly-owned and undivided interest common carrier systems consist of 1737 miles of crude oil lines and 1825 miles of refined product lines comprising 32 systems located in 11 states .the mpl common carrier pipeline network is one of the largest petroleum pipeline systems in the united states , based on total barrels delivered .our common carrier pipeline systems are subject to state and federal energy regulatory commission regulations and guidelines , including published tariffs for the transportation of crude oil and refined products .third parties generated 13 percent of the crude oil and refined product shipments on our mpl and orpl common carrier pipelines in 2009 .our mpl and orpl common carrier pipelines transported the volumes shown in the following table for each of the last three years .pipeline barrels handled ( thousands of barrels per day ) 2009 2008 2007 .
[['( thousands of barrels per day )', '2009', '2008', '2007'], ['crude oil trunk lines', '1279', '1405', '1451'], ['refined products trunk lines', '953', '960', '1049'], ['total', '2232', '2365', '2500']]
we also own 196 miles of private crude oil pipelines and 850 miles of private refined products pipelines , and we lease 217 miles of common carrier refined product pipelines .we have partial ownership interests in several pipeline companies that have approximately 780 miles of crude oil pipelines and 3600 miles of refined products pipelines , including about 970 miles operated by mpl .in addition , mpl operates most of our private pipelines and 985 miles of crude oil and 160 miles of natural gas pipelines owned by our e&p segment .our major refined product pipelines include the owned and operated cardinal products pipeline and the wabash pipeline .the cardinal products pipeline delivers refined products from kenova , west virginia , to columbus , ohio .the wabash pipeline system delivers product from robinson , illinois , to various terminals in the area of chicago , illinois .other significant refined product pipelines owned and operated by mpl extend from : robinson , illinois , to louisville , kentucky ; garyville , louisiana , to zachary , louisiana ; and texas city , texas , to pasadena , texas .in addition , as of december 31 , 2009 , we had interests in the following refined product pipelines : 2022 65 percent undivided ownership interest in the louisville-lexington system , a petroleum products pipeline system extending from louisville to lexington , kentucky ; 2022 60 percent interest in muskegon pipeline llc , which owns a refined products pipeline extending from griffith , indiana , to north muskegon , michigan ; 2022 50 percent interest in centennial pipeline llc , which owns a refined products system connecting the gulf coast region with the midwest market ; 2022 17 percent interest in explorer pipeline company , a refined products pipeline system extending from the gulf coast to the midwest ; and 2022 6 percent interest in wolverine pipe line company , a refined products pipeline system extending from chicago , illinois , to toledo , ohio .our major owned and operated crude oil lines run from : patoka , illinois , to catlettsburg , kentucky ; patoka , illinois , to robinson , illinois ; patoka , illinois , to lima , ohio ; lima , ohio to canton , ohio ; samaria , michigan , to detroit , michigan ; and st .james , louisiana , to garyville , louisiana .as of december 31 , 2009 , we had interests in the following crude oil pipelines : 2022 51 percent interest in loop llc , the owner and operator of loop , which is the only u.s .deepwater oil port , located 18 miles off the coast of louisiana , and a crude oil pipeline connecting the port facility to storage caverns and tanks at clovelly , louisiana ; 2022 59 percent interest in locap llc , which owns a crude oil pipeline connecting loop and the capline system; .
|
in 2009 what percentage of pipeline barrels handled consisted of crude oil trunk lines?
|
57.3%
|
{
"answer": "57.3%",
"decimal": 0.573,
"type": "percentage"
}
| |
table of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2016 .period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) .
[['period', 'total numberof sharespurchased', 'averageprice paidper share', 'total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a )', 'total number ofshares purchased aspart of publiclyannounced plans orprograms', 'approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )'], ['october 2016', '433272', '$ 52.69', '50337', '382935', '$ 2.7 billion'], ['november 2016', '667644', '$ 62.25', '248349', '419295', '$ 2.6 billion'], ['december 2016', '1559569', '$ 66.09', '688', '1558881', '$ 2.5 billion'], ['total', '2660485', '$ 62.95', '299374', '2361111', '$ 2.5 billion']]
( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2016 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans .( b ) on july 13 , 2015 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock .this authorization has no expiration date .as of december 31 , 2016 , the approximate dollar value of shares that may yet be purchased under the 2015 authorization is $ 40 million .on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date .as of december 31 , 2016 , no purchases have been made under the 2016 authorization. .
|
for the quarter ended december 31 , 2016 what was the percent of the total number of shares purchased in november
|
25.1%
|
{
"answer": "25.1%",
"decimal": 0.251,
"type": "percentage"
}
| |
table of contents adjustments that may result from tax examinations .however , the outcome of tax audits cannot be predicted with certainty .if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs .liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 28 , 2013 , september 29 , 2012 and september 24 , 2011 ( in millions ) : the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months .the company anticipates the cash used for future dividends and the share repurchase program will come from its current domestic cash , cash generated from on-going u.s .operating activities and from borrowings .as of september 28 , 2013 and september 29 , 2012 , $ 111.3 billion and $ 82.6 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s .dollar-denominated holdings .amounts held by foreign subsidiaries are generally subject to u.s .income taxation on repatriation to the u.s .the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer .the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss .during 2013 , cash generated from operating activities of $ 53.7 billion was a result of $ 37.0 billion of net income , non-cash adjustments to net income of $ 10.2 billion and an increase in net change in operating assets and liabilities of $ 6.5 billion .cash used in investing activities of $ 33.8 billion during 2013 consisted primarily of net purchases , sales and maturities of marketable securities of $ 24.0 billion and cash used to acquire property , plant and equipment of $ 8.2 billion .cash used in financing activities during 2013 consisted primarily of cash used to repurchase common stock of $ 22.9 billion and cash used to pay dividends and dividend equivalent rights of $ 10.6 billion , partially offset by net proceeds from the issuance of long-term debt of $ 16.9 billion .during 2012 , cash generated from operating activities of $ 50.9 billion was a result of $ 41.7 billion of net income and non-cash adjustments to net income of $ 9.4 billion , partially offset by a decrease in net operating assets and liabilities of $ 299 million .cash used in investing activities during 2012 of $ 48.2 billion consisted primarily of net purchases , sales and maturities of marketable securities of $ 38.4 billion and cash used to acquire property , plant and equipment of $ 8.3 billion .cash used in financing activities during 2012 of $ 1.7 billion consisted primarily of cash used to pay dividends and dividend equivalent rights of $ 2.5 billion .capital assets the company 2019s capital expenditures were $ 7.0 billion during 2013 , consisting of $ 499 million for retail store facilities and $ 6.5 billion for other capital expenditures , including product tooling and manufacturing process equipment , and other corporate facilities and infrastructure .the company 2019s actual cash payments for capital expenditures during 2013 were $ 8.2 billion. .
[['', '2013', '2012', '2011'], ['cash cash equivalents and marketable securities', '$ 146761', '$ 121251', '$ 81570'], ['property plant and equipment net', '$ 16597', '$ 15452', '$ 7777'], ['long-term debt', '$ 16960', '$ 0', '$ 0'], ['working capital', '$ 29628', '$ 19111', '$ 17018'], ['cash generated by operating activities', '$ 53666', '$ 50856', '$ 37529'], ['cash used in investing activities', '$ -33774 ( 33774 )', '$ -48227 ( 48227 )', '$ -40419 ( 40419 )'], ['cash generated/ ( used in ) by financing activities', '$ -16379 ( 16379 )', '$ -1698 ( 1698 )', '$ 1444']]
.
|
cash used in investing activities during 2012 was $ 48.2 billion . what percentage of this consisted of cash used to acquire property , plant and equipment?
|
17.2%
|
{
"answer": "17.2%",
"decimal": 0.172,
"type": "percentage"
}
| |
republic services , inc .notes to consolidated financial statements 2014 ( continued ) changes in the deferred tax valuation allowance for the years ended december 31 , 2012 , 2011 and 2010 are as follows: .
[['', '2012', '2011', '2010'], ['valuation allowance beginning of year', '$ 118.1', '$ 120.1', '$ 126.5'], ['additions charged to income', '1.9', '2.1', '8.3'], ['usage', '-3.2 ( 3.2 )', '-4.3 ( 4.3 )', '-10.4 ( 10.4 )'], ['expirations of state net operating losses', '-0.3 ( 0.3 )', '-0.3 ( 0.3 )', '-0.3 ( 0.3 )'], ['other net', '8.3', '0.5', '-4.0 ( 4.0 )'], ['valuation allowance end of year', '$ 124.8', '$ 118.1', '$ 120.1']]
in assessing the realizability of deferred tax assets , management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized after the initial recognition of the deferred tax asset .we also provide valuation allowances , as needed , to offset portions of deferred tax assets due to uncertainty surrounding the future realization of such deferred tax assets .we adjust the valuation allowance in the period management determines it is more likely than not that deferred tax assets will or will not be realized .we have state net operating loss carryforwards with an estimated tax effect of $ 130.2 million available at december 31 , 2012 .these state net operating loss carryforwards expire at various times between 2013 and 2032 .we believe that it is more likely than not that the benefit from certain state net operating loss carryforwards will not be realized .in recognition of this risk , at december 31 , 2012 , we have provided a valuation allowance of $ 113.5 million for certain state net operating loss carryforwards .at december 31 , 2012 , we also have provided a valuation allowance of $ 11.3 million for certain other deferred tax assets .deferred income taxes have not been provided on the undistributed earnings of our puerto rican subsidiaries of approximately $ 40 million and $ 39 million as of december 31 , 2012 and 2011 , respectively , as such earnings are considered to be permanently invested in those subsidiaries .if such earnings were to be remitted to us as dividends , we would incur approximately $ 14 million of federal income taxes .we made income tax payments ( net of refunds received ) of approximately $ 185 million , $ 173 million and $ 418 million for 2012 , 2011 and 2010 , respectively .income taxes paid in 2012 and 2011 reflect the favorable tax depreciation provisions of the tax relief , unemployment insurance reauthorization , and job creation act of 2010 ( tax relief act ) that was signed into law in december 2010 .the tax relief act included 100% ( 100 % ) bonus depreciation for property placed in service after september 8 , 2010 and through december 31 , 2011 ( and for certain long-term construction projects to be placed in service in 2012 ) and 50% ( 50 % ) bonus depreciation for property placed in service in 2012 ( and for certain long-term construction projects to be placed in service in 2013 ) .income taxes paid in 2010 includes $ 111 million related to the settlement of certain tax liabilities regarding bfi risk management companies .we and our subsidiaries are subject to income tax in the u.s .and puerto rico , as well as income tax in multiple state jurisdictions .our compliance with income tax rules and regulations is periodically audited by tax authorities .these authorities may challenge the positions taken in our tax filings .thus , to provide for certain potential tax exposures , we maintain liabilities for uncertain tax positions for our estimate of the final outcome of the examinations. .
|
what is the percent of the valuation allowance to the state net operating loss carry forwards at december 312012
|
87.1%
|
{
"answer": "87.1%",
"decimal": 0.871,
"type": "percentage"
}
|
the valuation allowance is 87% of the of the state net operating loss carry forwards at december 312012
|
contractual obligations .the following table shows our contractual obligations for the period indicated: .
[['( dollars in millions )', 'payments due by period total', 'payments due by period less than 1 year', 'payments due by period 1-3 years', 'payments due by period 3-5 years', 'payments due by period more than 5 years'], ['8.75% ( 8.75 % ) senior notes', '$ 200.0', '$ -', '$ 200.0', '$ -', '$ -'], ['5.40% ( 5.40 % ) senior notes', '250.0', '-', '-', '-', '250.0'], ['junior subordinated debt', '329.9', '-', '-', '-', '329.9'], ['6.6% ( 6.6 % ) long term notes', '400.0', '-', '-', '-', '400.0'], ['interest expense ( 1 )', '2243.0', '77.2', '145.7', '119.5', '1900.6'], ['employee benefit plans', '2.4', '2.4', '-', '-', '-'], ['operating lease agreements', '32.0', '8.5', '16.3', '3.7', '3.5'], ['gross reserve for losses and lae ( 2 )', '9040.6', '2053.2', '3232.3', '1077.1', '2678.1'], ['total', '$ 12497.9', '$ 2141.3', '$ 3594.3', '$ 1200.3', '$ 5562.0']]
( 1 ) interest expense on 6.6% ( 6.6 % ) long term notes is assumed to be fixed through contractual term .( 2 ) loss and lae reserves represent our best estimate of losses from claim and related settlement costs .both the amounts and timing of such payments are estimates , and the inherent variability of resolving claims as well as changes in market conditions make the timing of cash flows uncertain .therefore , the ultimate amount and timing of loss and lae payments could differ from our estimates .the contractual obligations for senior notes , long term notes and junior subordinated debt are the responsibility of holdings .we have sufficient cash flow , liquidity , investments and access to capital markets to satisfy these obligations .holdings gen- erally depends upon dividends from everest re , its operating insurance subsidiary for its funding , capital contributions from group or access to the capital markets .our various operating insurance and reinsurance subsidiaries have sufficient cash flow , liquidity and investments to settle outstanding reserves for losses and lae .management believes that we , and each of our entities , have sufficient financial resources or ready access thereto , to meet all obligations .dividends .during 2007 , 2006 and 2005 , we declared and paid shareholder dividends of $ 121.4 million , $ 39.0 million and $ 25.4 million , respectively .as an insurance holding company , we are partially dependent on dividends and other permitted pay- ments from our subsidiaries to pay cash dividends to our shareholders .the payment of dividends to group by holdings and to holdings by everest re is subject to delaware regulatory restrictions and the payment of dividends to group by bermuda re is subject to bermuda insurance regulatory restrictions .management expects that , absent extraordinary catastrophe losses , such restrictions should not affect everest re 2019s ability to declare and pay dividends sufficient to support holdings 2019 general corporate needs and that holdings and bermuda re will have the ability to declare and pay dividends sufficient to support group 2019s general corporate needs .for the years ended december 31 , 2007 , 2006 and 2005 , everest re paid divi- dends to holdings of $ 245.0 million , $ 100.0 million and $ 75.0 million , respectively .for the years ended december 31 , 2007 , 2006 and 2005 , bermuda re paid dividends to group of $ 0.0 million , $ 60.0 million and $ 45.0 million , respectively .see item 1 , 201cbusiness 2013 regulatory matters 2013 dividends 201d and note 16 of notes to consolidated financial statements .application of new accounting standards .in november 2005 , the fasb issued fasb staff position ( 201cfsp 201d ) fas 115-1 , 201cthe meaning of other-than-temporary impairment and its application to certain investments 201d ( 201cfas 115-1 201d ) , which is effective for reporting periods beginning after december 15 , 2005 .fas 115-1 addresses the determination as to when an investment is considered impaired , whether the impairment is other than temporary and the measurement of an impairment loss .fas 115-1 also includes accounting considerations subsequent to the recognition of an other-than-temporary impairment and requires certain dis- closures about unrealized losses not recognized as other-than-temporary impairments .the company adopted fas 115-1 prospectively effective january 1 , 2006 .the company believes that all unrealized losses in its investment portfolio are temporary in nature. .
|
what was the rate of increase in 2007 shareholder dividends paid?
|
211%
|
{
"answer": "211%",
"decimal": 2.11,
"type": "percentage"
}
| |
management 2019s discussion and analysis 110 jpmorgan chase & co ./ 2008 annual report the allowance for credit losses increased $ 13.7 billion from the prior year to $ 23.8 billion .the increase included $ 4.1 billion of allowance related to noncredit-impaired loans acquired in the washington mutual transaction and the related accounting conformity provision .excluding held-for-sale loans , loans carried at fair value , and pur- chased credit-impaired consumer loans , the allowance for loan losses represented 3.62% ( 3.62 % ) of loans at december 31 , 2008 , compared with 1.88% ( 1.88 % ) at december 31 , 2007 .the consumer allowance for loan losses increased $ 10.5 billion from the prior year as a result of the washington mutual transaction and increased allowance for loan loss in residential real estate and credit card .the increase included additions to the allowance for loan losses of $ 4.7 billion driven by higher estimated losses for residential mort- gage and home equity loans as the weak labor market and weak overall economic conditions have resulted in increased delinquencies , while continued weak housing prices have driven a significant increase in loss severity .the allowance for loan losses related to credit card increased $ 4.3 billion from the prior year primarily due to the acquired allowance and subsequent conforming provision for loan loss related to the washington mutual bank acquisition and an increase in provision for loan losses of $ 2.3 billion in 2008 over 2007 , as higher estimated net charge-offs are expected in the port- folio resulting from the current economic conditions .the wholesale allowance for loan losses increase of $ 3.4 billion from december 31 , 2007 , reflected the effect of a weakening credit envi- ronment and the transfer of $ 4.9 billion of funded and unfunded leveraged lending commitments to retained loans from held-for-sale .to provide for the risk of loss inherent in the firm 2019s process of extending credit , an allowance for lending-related commitments is held for both wholesale and consumer , which is reported in other lia- bilities .the wholesale component is computed using a methodology similar to that used for the wholesale loan portfolio , modified for expected maturities and probabilities of drawdown and has an asset- specific component and a formula-based component .for a further discussion on the allowance for lending-related commitment see note 15 on pages 178 2013180 of this annual report .the allowance for lending-related commitments for both wholesale and consumer was $ 659 million and $ 850 million at december 31 , 2008 and 2007 , respectively .the decrease reflects the reduction in lending-related commitments at december 31 , 2008 .for more information , see page 102 of this annual report .the following table presents the allowance for loan losses and net charge-offs ( recoveries ) by business segment at december 31 , 2008 and 2007 .net charge-offs ( recoveries ) december 31 , allowance for loan losses year ended .
[['december 31 , ( in millions )', 'december 31 , 2008', 'december 31 , 2007', '2008', '2007'], ['investment bank', '$ 3444', '$ 1329', '$ 105', '$ 36'], ['commercial banking', '2826', '1695', '288', '44'], ['treasury & securities services', '74', '18', '-2 ( 2 )', '2014'], ['asset management', '191', '112', '11', '-8 ( 8 )'], ['corporate/private equity', '10', '2014', '2014', '2014'], ['total wholesale', '6545', '3154', '402', '72'], ['retail financial services', '8918', '2668', '4877', '1350'], ['card services', '7692', '3407', '4556', '3116'], ['corporate/private equity', '9', '5', '2014', '2014'], ['total consumer 2013 reported', '16619', '6080', '9433', '4466'], ['credit card 2013 securitized', '2014', '2014', '3612', '2380'], ['total consumer 2013 managed', '16619', '6080', '13045', '6846'], ['total', '$ 23164', '$ 9234', '$ 13477', '$ 6918']]
.
|
what was the percentage change in net charge-offs relating to retail financial services between 2007 and 2008?
|
234%
|
{
"answer": "234%",
"decimal": 2.34,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 .financing arrangements outstanding amounts under the company 2019s long-term financing arrangements consisted of the following as of december 31 , ( in thousands ) : .
[['', '2006', '2005'], ['american tower credit facility', '$ 1000000', '$ 793000'], ['spectrasite credit facility', '725000', '700000'], ['senior subordinated notes', '325075', '400000'], ['senior subordinated discount notes net of discount and warrant valuation', '', '160252'], ['senior notes net of discount and premium', '728507', '726754'], ['convertible notes net of discount', '704596', '773058'], ['notes payable and capital leases', '59838', '60365'], ['total', '3543016', '3613429'], ['less current portion of other long-term obligations', '-253907 ( 253907 )', '-162153 ( 162153 )'], ['long-term obligations', '$ 3289109', '$ 3451276']]
credit facilities 2014in october 2005 , the company refinanced the two existing credit facilities of its principal operating subsidiaries .the company replaced the existing american tower $ 1.1 billion senior secured credit facility with a new $ 1.3 billion senior secured credit facility and replaced the existing spectrasite $ 900.0 million senior secured credit facility with a new $ 1.15 billion senior secured credit facility .in february 2007 , the company secured an additional $ 550.0 million under its credit facilities and drew down $ 250.0 million of the existing revolving loans under the american tower credit facility .( see note 19. ) during the year ended december 31 , 2006 , the company drew down the remaining amount available under the delayed draw term loan component of the american tower credit facility and drew down $ 25.0 million of the delayed draw term loan component of the spectrasite credit facility to finance debt redemptions and repurchases .in addition , on october 27 , 2006 , the remaining $ 175.0 million undrawn portion of the delayed draw term loan component of the spectrasite facility was canceled pursuant to its terms .as of december 31 , 2006 , the american tower credit facility consists of the following : 2022 a $ 300.0 million revolving credit facility , against which approximately $ 17.8 million of undrawn letters of credit are outstanding at december 31 , 2006 , maturing on october 27 , 2010 ; 2022 a $ 750.0 million term loan a , which is fully drawn , maturing on october 27 , 2010 ; and 2022 a $ 250.0 million delayed draw term loan , which is fully drawn , maturing on october 27 , 2010 .the borrowers under the american tower credit facility include ati , american tower , l.p. , american tower international , inc .and american tower llc .the company and the borrowers 2019 restricted subsidiaries ( as defined in the loan agreement ) have guaranteed all of the loans under the credit facility .these loans are secured by liens on and security interests in substantially all assets of the borrowers and the restricted subsidiaries , with a carrying value aggregating approximately $ 4.5 billion at december 31 , 2006 .as of december 31 , 2006 , the spectrasite credit facility consists of the following : 2022 a $ 250.0 million revolving credit facility , against which approximately $ 4.6 million of undrawn letters of credit were outstanding at december 31 , 2006 , maturing on october 27 , 2010; .
|
what percentage of outstanding amounts under the company 2019s long-term financing arrangements is current as of december 31 , 2005?
|
4%
|
{
"answer": "4%",
"decimal": 0.04,
"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 percent of the 2008 to 2009 unpaid principal balance exceeded the aggregate fair value non-structured liabilities classified as long-term debt for which the fair value option has been elected
|
55.5%
|
{
"answer": "55.5%",
"decimal": 0.555,
"type": "percentage"
}
| |
notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees .as of march 31 , 2008 , mr .ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party .we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa .we believe these currency transactions were executed at prevailing market exchange rates .also from time to time , money transfer transactions are settled at destination facilities owned by cisa .we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 .in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively .in the normal course of business , we periodically utilize the services of contractors to provide software development services .one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services .the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states .during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million .as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets .in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively .note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases .
[['', 'operating leases'], ['2009', '$ 22883'], ['2010', '16359'], ['2011', '11746'], ['2012', '5277'], ['2013', '3365'], ['thereafter', '7816'], ['total future minimum lease payments', '$ 67446']]
we are party to a number of other claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. .
|
what is the exchange rate pesos to dollar in 2007?
|
11.01
|
{
"answer": "11.01",
"decimal": 11.01,
"type": "float"
}
| |
the internal revenue code .therefore , cash needed to execute our strategy and invest in new properties , as well as to pay our debt at maturity , must come from one or more of the following sources : 2022 cash not distributed to shareholders , 2022 proceeds of property dispositions , or 2022 proceeds derived from the issuance of new debt or equity securities .it is management 2019s intention that we continually have access to the capital resources necessary to expand and develop our business .as a result , we intend to operate with and maintain a conservative capital structure that will allow us to maintain strong debt service coverage and fixed-charge coverage ratios as part of our commitment to investment-grade debt ratings .we may , from time to time , seek to obtain funds by the following means : 2022 additional equity offerings , 2022 unsecured debt financing and/or mortgage financings , and 2022 other debt and equity alternatives , including formation of joint ventures , in a manner consistent with our intention to operate with a conservative debt structure .cash and cash equivalents were $ 30.5 million and $ 35.0 million at december 31 , 2004 and december 31 , 2003 , respectively .summary of cash flows for the year ended december 31 , 2004 ( in thousands ) .
[['', 'for the year ended december 31 2004 ( in thousands )'], ['cash provided by operating activities', '$ 161113'], ['cash used in investing activities', '-154273 ( 154273 )'], ['cash used by financing activities', '-11333 ( 11333 )'], ['decrease in cash and cash equivalents', '-4493 ( 4493 )'], ['cash and cash equivalents beginning of period', '34968'], ['cash and cash equivalents end of period', '$ 30475']]
the cash provided by operating activities is primarily attributable to the operation of our properties and the change in working capital related to our operations .we used cash of $ 154.3 million during the twelve months ended december 31 , 2004 in investing activities , including the following : 2022 $ 101.7 million for our acquisition of westgate mall , shaw 2019s plaza and several parcels of land , 2022 capital expenditures of $ 59.2 million for development and redevelopment of properties including santana row , 2022 maintenance capital expenditures of approximately $ 36.9 million , 2022 $ 9.4 million capital contribution to a real estate partnership , and 2022 an additional $ 3.2 million net advance under an existing mortgage note receivable ; offset by 2022 $ 41.8 million in net sale proceeds from the sale of properties , and .
|
what are the percentage of the acquisition of westgate mall , shaw 2019s plaza , and several parcels of land in the investing activities?\\n
|
65.91%
|
{
"answer": "65.91%",
"decimal": 0.6591,
"type": "percentage"
}
|
it is the value of that acquisition divided by the total investing activities value , then turned into a percentage .
|
part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .the company 2019s common stock is listed on the new york stock exchange where it trades under the symbol aa .the company 2019s quarterly high and low trading stock prices and dividends per common share for 2015 and 2014 are shown below. .
[['quarter', '2015 high', '2015 low', '2015 dividend', '2015 high', '2015 low', 'dividend'], ['first', '$ 17.10', '$ 12.65', '$ 0.03', '$ 12.97', '$ 9.82', '$ 0.03'], ['second', '14.29', '11.15', '0.03', '15.18', '12.34', '0.03'], ['third', '11.23', '7.97', '0.03', '17.36', '14.56', '0.03'], ['fourth', '11.18', '7.81', '0.03', '17.75', '13.71', '0.03'], ['year', '17.10', '7.81', '$ 0.12', '17.75', '9.82', '$ 0.12']]
the number of holders of record of common stock was approximately 10101 as of february 11 , 2016. .
|
what is the decrease observed in the high trading stock prices in the first and second quarters in 2015?
|
2.81
|
{
"answer": "2.81",
"decimal": 2.81,
"type": "float"
}
|
it is the difference between those two prices .
|
entergy texas , inc .and subsidiaries management 2019s financial discussion and analysis in addition to the contractual obligations given above , entergy texas expects to contribute approximately $ 17 million to its qualified pension plans and approximately $ 3.2 million to other postretirement health care and life insurance plans in 2017 , although the 2017 required pension contributions will be known with more certainty when the january 1 , 2017 valuations are completed , which is expected by april 1 , 2017 .see 201ccritical accounting estimates - qualified pension and other postretirement benefits 201d below for a discussion of qualified pension and other postretirement benefits funding .also in addition to the contractual obligations , entergy texas has $ 15.6 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions .see note 3 to the financial statements for additional information regarding unrecognized tax benefits .in addition to routine capital spending to maintain operations , the planned capital investment estimate for entergy texas includes specific investments such as the montgomery county power station discussed below ; transmission projects to enhance reliability , reduce congestion , and enable economic growth ; distribution spending to enhance reliability and improve service to customers , including initial investment to support advanced metering ; system improvements ; and other investments .estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints and requirements , environmental compliance , business opportunities , market volatility , economic trends , business restructuring , changes in project plans , and the ability to access capital .management provides more information on long-term debt in note 5 to the financial statements .as discussed above in 201ccapital structure , 201d entergy texas routinely evaluates its ability to pay dividends to entergy corporation from its earnings .sources of capital entergy texas 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt or preferred stock issuances ; and 2022 bank financing under new or existing facilities .entergy texas may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common and preferred stock issuances by entergy texas require prior regulatory approval .debt issuances are also subject to issuance tests set forth in its bond indenture and other agreements .entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs .entergy texas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
[['2016', '2015', '2014', '2013'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 681', '( $ 22068 )', '$ 306', '$ 6287']]
see note 4 to the financial statements for a description of the money pool .entergy texas has a credit facility in the amount of $ 150 million scheduled to expire in august 2021 .the credit facility allows entergy texas to issue letters of credit against 50% ( 50 % ) of the borrowing capacity of the facility .as of december 31 , 2016 , there were no cash borrowings and $ 4.7 million of letters of credit outstanding under the credit facility .in addition , entergy texas is a party to an uncommitted letter of credit facility as a means to post collateral .
|
what is the net change in entergy texas 2019s receivables from the money pool from 2014 to 2015?
|
-22374
|
{
"answer": "-22374",
"decimal": -22374,
"type": "float"
}
| |
page 27 of 100 other liquidity items cash payments required for long-term debt maturities , rental payments under noncancellable operating leases , purchase obligations and other commitments in effect at december 31 , 2010 , are summarized in the following table: .
[['( $ in millions )', 'payments due by period ( a ) total', 'payments due by period ( a ) less than1 year', 'payments due by period ( a ) 1-3 years', 'payments due by period ( a ) 3-5 years', 'payments due by period ( a ) more than5 years'], ['long-term debt including capital leases', '$ 2750.1', '$ 34.5', '$ 188.3', '$ 367.1', '$ 2160.2'], ['interest payments on long-term debt ( b )', '1267.5', '160.5', '316.4', '304.2', '486.4'], ['operating leases', '93.2', '31.1', '37.1', '16.6', '8.4'], ['purchase obligations ( c )', '6586.9', '2709.5', '3779.4', '98.0', '2212'], ['total payments on contractual obligations', '$ 10697.7', '$ 2935.6', '$ 4321.2', '$ 785.9', '$ 2655.0']]
total payments on contractual obligations $ 10697.7 $ 2935.6 $ 4321.2 $ 785.9 $ 2655.0 ( a ) amounts reported in local currencies have been translated at the year-end 2010 exchange rates .( b ) for variable rate facilities , amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments .( c ) the company 2019s purchase obligations include contracted amounts for aluminum , steel and other direct materials .also included are commitments for purchases of natural gas and electricity , aerospace and technologies contracts and other less significant items .in cases where variable prices and/or usage are involved , management 2019s best estimates have been used .depending on the circumstances , early termination of the contracts may or may not result in penalties and , therefore , actual payments could vary significantly .the table above does not include $ 60.1 million of uncertain tax positions , the timing of which is uncertain .contributions to the company 2019s defined benefit pension plans , not including the unfunded german plans , are expected to be in the range of $ 30 million in 2011 .this estimate may change based on changes in the pension protection act and actual plan asset performance , among other factors .benefit payments related to these plans are expected to be $ 71.4 million , $ 74.0 million , $ 77.1 million , $ 80.3 million and $ 84.9 million for the years ending december 31 , 2011 through 2015 , respectively , and a total of $ 483.1 million for the years 2016 through 2020 .payments to participants in the unfunded german plans are expected to be between $ 21.8 million ( 20ac16.5 million ) to $ 23.2 million ( 20ac17.5 million ) in each of the years 2011 through 2015 and a total of $ 102.7 million ( 20ac77.5 million ) for the years 2016 through 2020 .for the u.s .pension plans in 2011 , we changed our return on asset assumption to 8.00 percent ( from 8.25 percent in 2010 ) and our discount rate assumption to an average of 5.55 percent ( from 6.00 percent in 2010 ) .based on the changes in assumptions , pension expense in 2011 is anticipated to be relatively flat compared to 2010 .a reduction of the expected return on pension assets assumption by a quarter of a percentage point would result in an estimated $ 2.9 million increase in the 2011 global pension expense , while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $ 3.5 million of additional pension expense in 2011 .additional information regarding the company 2019s pension plans is provided in note 14 accompanying the consolidated financial statements within item 8 of this report .annual cash dividends paid on common stock were 20 cents per share in 2010 , 2009 and 2008 .total dividends paid were $ 35.8 million in 2010 , $ 37.4 million in 2009 and $ 37.5 million in 2008 .on january 26 , 2011 , the company 2019s board of directors approved an increase in the quarterly dividends to 7 cents per share .share repurchases our share repurchases , net of issuances , totaled $ 506.7 million in 2010 , $ 5.1 million in 2009 and $ 299.6 million in 2008 .on november 2 , 2010 , we acquired 2775408 shares of our publicly held common stock in a private transaction for $ 88.8 million .on february 17 , 2010 , we entered into an accelerated share repurchase agreement to buy $ 125.0 million of our common shares using cash on hand and available borrowings .we advanced the $ 125.0 million on february 22 , 2010 , and received 4323598 shares , which represented 90 percent of the total shares as calculated using the previous day 2019s closing price .the agreement was settled on may 20 , 2010 , and the company received an additional 398206 shares .net repurchases in 2008 included a $ 31 million settlement on january 7 , 2008 , of a forward contract entered into in december 2007 for the repurchase of 1350000 shares .from january 1 through february 24 , 2011 , ball repurchased an additional $ 143.3 million of its common stock. .
|
what percentage of total cash payments required for long-term debt maturities , rental payments under noncancellable operating leases , purchase obligations and other commitments in effect at december 31 , 2010 are comprised of purchase obligations?
|
62%
|
{
"answer": "62%",
"decimal": 0.62,
"type": "percentage"
}
| |
the goldman sachs group , inc .and subsidiaries notes to consolidated financial statements commercial lending .the firm 2019s commercial lending commitments are extended to investment-grade and non-investment-grade corporate borrowers .commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes .the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending , as well as commercial real estate financing .commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources .sumitomo mitsui financial group , inc .( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) .the notional amount of such loan commitments was $ 25.70 billion and $ 26.88 billion as of december 2017 and december 2016 , respectively .the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million .in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 550 million and $ 768 million of protection had been provided as of december 2017 and december 2016 , respectively .the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg .these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index .warehouse financing .the firm provides financing to clients who warehouse financial assets .these arrangements are secured by the warehoused assets , primarily consisting of retail and corporate loans .contingent and forward starting collateralized agreements / forward starting collateralized financings contingent and forward starting collateralized agreements includes resale and securities borrowing agreements , and forward starting collateralized financings includes repurchase and secured lending agreements that settle at a future date , generally within three business days .the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements .the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused .letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements .investment commitments investment commitments includes commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages .investment commitments included $ 2.09 billion and $ 2.10 billion as of december 2017 and december 2016 , respectively , related to commitments to invest in funds managed by the firm .if these commitments are called , they would be funded at market value on the date of investment .leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 .certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges .the table below presents future minimum rental payments , net of minimum sublease rentals .$ in millions december 2017 .
[['$ in millions', 'as of december 2017'], ['2018', '$ 299'], ['2019', '282'], ['2020', '262'], ['2021', '205'], ['2022', '145'], ['2023 - thereafter', '771'], ['total', '$ 1964']]
rent charged to operating expenses was $ 273 million for 2017 , $ 244 million for 2016 and $ 249 million for 2015 .goldman sachs 2017 form 10-k 163 .
|
rent charged to operating expenses was what percent of future minimum rental payments , net of minimum sublease rentals , for 2017?
|
13.9%
|
{
"answer": "13.9%",
"decimal": 0.139,
"type": "percentage"
}
| |
sacramento container acquisition in october 2017 , pca acquired substantially all of the assets of sacramento container corporation , and 100% ( 100 % ) of the membership interests of northern sheets , llc and central california sheets , llc ( collectively referred to as 201csacramento container 201d ) for a purchase price of $ 274 million , including working capital adjustments .funding for the acquisition came from available cash on hand .assets acquired include full-line corrugated products and sheet feeder operations in both mcclellan , california and kingsburg , california .sacramento container provides packaging solutions to customers serving portions of california 2019s strong agricultural market .sacramento container 2019s financial results are included in the packaging segment from the date of acquisition .the company accounted for the sacramento container acquisition using the acquisition method of accounting in accordance with asc 805 , business combinations .the total purchase price has been allocated to tangible and intangible assets acquired and liabilities assumed based on respective fair values , as follows ( dollars in millions ) : .
[['', '12/31/17 allocation', 'adjustments', 'revised allocation'], ['goodwill', '$ 151.1', '$ 5.5', '$ 156.6'], ['other intangible assets', '72.6', '-5.5 ( 5.5 )', '67.1'], ['property plant and equipment', '26.7', '2014', '26.7'], ['other net assets', '23.4', '2014', '23.4'], ['net assets acquired', '$ 273.8', '$ 2014', '$ 273.8']]
during the second quarter ended june 30 , 2018 , we made a $ 5.5 million net adjustment based on the final valuation of the intangible assets .we recorded the adjustment as a decrease to other intangible assets with an offset to goodwill .goodwill is calculated as the excess of the purchase price over the fair value of the net assets acquired .among the factors that contributed to the recognition of goodwill were sacramento container 2019s commitment to continuous improvement and regional synergies , as well as the expected increases in pca 2019s containerboard integration levels .goodwill is deductible for tax purposes .other intangible assets , primarily customer relationships , were assigned an estimated weighted average useful life of 9.6 years .property , plant and equipment were assigned estimated useful lives ranging from one to 13 years. .
|
for the revised total purchase price allocation , property plant and equipment was what percentage of net assets acquired?
|
9.8%
|
{
"answer": "9.8%",
"decimal": 0.098,
"type": "percentage"
}
| |
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 is the recorded liability of remaining clean-up costs as of december 31 , 2004 as a percentage of the current estimates of maximum exposure to loss for entergy gulf states?
|
19.5%
|
{
"answer": "19.5%",
"decimal": 0.195,
"type": "percentage"
}
| |
the company orders components for its products and builds inventory in advance of product shipments .because the company 2019s markets are volatile and subject to rapid technology and price changes , there is a risk the company will forecast incorrectly and produce or order from third-parties excess or insufficient inventories of particular products or components .the company 2019s operating results and financial condition in the past have been and may in the future be materially adversely affected by the company 2019s ability to manage its inventory levels and outstanding purchase commitments and to respond to short-term shifts in customer demand patterns .gross margin declined in 2004 to 27.3% ( 27.3 % ) of net sales from 27.5% ( 27.5 % ) of net sales in 2003 .the company 2019s gross margin during 2004 declined due to an increase in mix towards lower margin ipod and ibook sales , pricing actions on certain power macintosh g5 models that were transitioned during the beginning of 2004 , higher warranty costs on certain portable macintosh products , and higher freight and duty costs during 2004 .these unfavorable factors were partially offset by an increase in direct sales and a 39% ( 39 % ) year-over-year increase in higher margin software sales .operating expenses operating expenses for each of the last three fiscal years are as follows ( in millions , except for percentages ) : september 24 , september 25 , september 27 , 2005 2004 2003 .
[['', 'september 24 2005', 'september 25 2004', 'september 27 2003'], ['research and development', '$ 534', '$ 489', '$ 471'], ['percentage of net sales', '4% ( 4 % )', '6% ( 6 % )', '8% ( 8 % )'], ['selling general and administrative expenses', '$ 1859', '$ 1421', '$ 1212'], ['percentage of net sales', '13% ( 13 % )', '17% ( 17 % )', '20% ( 20 % )'], ['restructuring costs', '$ 2014', '$ 23', '$ 26']]
research and development ( r&d ) the company recognizes that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy .the company has historically relied upon innovation to remain competitive .r&d expense amounted to approximately 4% ( 4 % ) of total net sales during 2005 down from 6% ( 6 % ) and 8% ( 8 % ) of total net sales in 2004 and 2003 , respectively .this decrease is due to the significant increase of 68% ( 68 % ) in total net sales of the company for 2005 .although r&d expense decreased as a percentage of total net sales in 2005 , actual expense for r&d in 2005 increased $ 45 million or 9% ( 9 % ) from 2004 , which follows an $ 18 million or 4% ( 4 % ) increase in 2004 compared to 2003 .the overall increase in r&d expense relates primarily to increased headcount and support for new product development activities and the impact of employee salary increases in 2005 .r&d expense does not include capitalized software development costs of approximately $ 29.7 million related to the development of mac os x tiger during 2005 ; $ 4.5 million related to the development of mac os x tiger and $ 2.3 million related to the development of filemaker pro 7 in 2004 ; and $ 14.7 million related to the development of mac os x panther in 2003 .further information related to the company 2019s capitalization of software development costs may be found in part ii , item 8 of this form 10-k at note 1 of notes to consolidated financial statements .selling , general , and administrative expense ( sg&a ) expenditures for sg&a increased $ 438 million or 31% ( 31 % ) during 2005 compared to 2004 .these increases are due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , a current year increase in discretionary spending on marketing and advertising , and higher direct and channel selling expenses resulting from the increase in net sales and employee salary .
|
research and development were what percent of\\nselling general and administrative expenses in 2005?
|
28.7%
|
{
"answer": "28.7%",
"decimal": 0.287,
"type": "percentage"
}
| |
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 .
|
if vies were consolidated , what would the total minimum lease payments increase to , in millions?
|
10282
|
{
"answer": "10282",
"decimal": 10282,
"type": "float"
}
| |
stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc .( acquired by the company in march 2018 ) , time warner , inc .( acquired by at&t inc .in june 2018 ) , twenty-first century fox , inc .class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc .class b common stock and the walt disney company .the graph assumes $ 100 originally invested on december 31 , 2013 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2014 , 2015 , 2016 , 2017 and 2018 .two peer companies , scripps networks interactive , inc .and time warner , inc. , were acquired in 2018 .the stock performance chart shows the peer group including scripps networks interactive , inc .and time warner , inc .and excluding both acquired companies for the entire five year period .december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
[['', 'december 312013', 'december 312014', 'december 312015', 'december 312016', 'december 312017', 'december 312018'], ['disca', '$ 100.00', '$ 74.58', '$ 57.76', '$ 59.34', '$ 48.45', '$ 53.56'], ['discb', '$ 100.00', '$ 80.56', '$ 58.82', '$ 63.44', '$ 53.97', '$ 72.90'], ['disck', '$ 100.00', '$ 80.42', '$ 60.15', '$ 63.87', '$ 50.49', '$ 55.04'], ['s&p 500', '$ 100.00', '$ 111.39', '$ 110.58', '$ 121.13', '$ 144.65', '$ 135.63'], ['peer group incl . acquired companies', '$ 100.00', '$ 116.64', '$ 114.02', '$ 127.96', '$ 132.23', '$ 105.80'], ['peer group ex . acquired companies', '$ 100.00', '$ 113.23', '$ 117.27', '$ 120.58', '$ 127.90', '$ 141.58']]
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2019 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .
|
did the k series 5 year total return outperform the s&p 500?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
}
| |
notes to consolidated financial statements 2014 ( continued ) the following table summarizes the changes in non-vested restricted stock awards for the year ended may 31 , 2009 ( share awards in thousands ) : share awards weighted average grant-date fair value .
[['', 'share awards', 'weighted average grant-date fair value'], ['non-vested at may 31 2007', '278', '$ 37'], ['granted', '400', '38'], ['vested', '-136 ( 136 )', '30'], ['forfeited', '-24 ( 24 )', '40'], ['non-vested at may 31 2008', '518', '39'], ['granted', '430', '43'], ['vested', '-159 ( 159 )', '39'], ['forfeited', '-27 ( 27 )', '41'], ['non-vested at may 31 2009', '762', '42']]
the weighted average grant-date fair value of share awards granted in the years ended may 31 , 2008 and 2007 was $ 38 and $ 45 , respectively .the total fair value of share awards vested during the years ended may 31 , 2009 , 2008 and 2007 was $ 6.2 million , $ 4.1 million and $ 1.7 million , respectively .we recognized compensation expense for restricted stock of $ 9.0 million , $ 5.7 million , and $ 2.7 million in the years ended may 31 , 2009 , 2008 and 2007 .as of may 31 , 2009 , there was $ 23.5 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.9 years .employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 million shares of our common stock has been authorized .employees may designate up to the lesser of $ 25000 or 20% ( 20 % ) of their annual compensation for the purchase of stock .the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period .as of may 31 , 2009 , 0.8 million shares had been issued under this plan , with 1.6 million shares reserved for future issuance .the weighted average grant-date fair value of each designated share purchased under this plan was $ 6 , $ 6 and $ 8 in the years ended may 31 , 2009 , 2008 and 2007 , respectively .these values represent the fair value of the 15% ( 15 % ) discount .note 12 2014segment information general information during fiscal 2009 , we began assessing our operating performance using a new segment structure .we made this change as a result of our june 30 , 2008 acquisition of 51% ( 51 % ) of hsbc merchant services llp in the united kingdom , in addition to anticipated future international expansion .beginning with the quarter ended august 31 , 2008 , the reportable segments are defined as north america merchant services , international merchant services , and money transfer .the following tables reflect these changes and such reportable segments for fiscal years 2009 , 2008 , and 2007. .
|
what is the total value of non-vested shares as of may 31 , 2008 , ( in millions ) ?
|
20.2
|
{
"answer": "20.2",
"decimal": 20.2,
"type": "float"
}
| |
page 71 of 94 notes to consolidated financial statements ball corporation and subsidiaries 16 .shareholders 2019 equity ( continued ) on october 24 , 2007 , ball announced the discontinuance of the company 2019s discount on the reinvestment of dividends associated with the company 2019s dividend reinvestment and voluntary stock purchase plan for non- employee shareholders .the 5 percent discount was discontinued on november 1 , 2007 .accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) .
[['( $ in millions )', 'foreign currency translation', 'pension and other postretirement items net of tax', 'effective financial derivatives net of tax', 'accumulated other comprehensive earnings ( loss )'], ['december 31 2004', '$ 148.9', '$ -126.3 ( 126.3 )', '$ 10.6', '$ 33.2'], ['2005 change', '-74.3 ( 74.3 )', '-43.6 ( 43.6 )', '-16.0 ( 16.0 )', '-133.9 ( 133.9 )'], ['december 31 2005', '74.6', '-169.9 ( 169.9 )', '-5.4 ( 5.4 )', '-100.7 ( 100.7 )'], ['2006 change', '57.2', '55.9', '6.0', '119.1'], ['effect of sfas no . 158 adoption ( a )', '2013', '-47.9 ( 47.9 )', '2013', '-47.9 ( 47.9 )'], ['december 31 2006', '131.8', '-161.9 ( 161.9 )', '0.6', '-29.5 ( 29.5 )'], ['2007 change', '90.0', '57.9', '-11.5 ( 11.5 )', '136.4'], ['december 31 2007', '$ 221.8', '$ -104.0 ( 104.0 )', '$ -10.9 ( 10.9 )', '$ 106.9']]
( a ) within the company 2019s 2006 annual report , the consolidated statement of changes in shareholders 2019 equity for the year ended december 31 , 2006 , included a transition adjustment of $ 47.9 million , net of tax , related to the adoption of sfas no .158 , 201cemployers 2019 accounting for defined benefit pension plans and other postretirement plans , an amendment of fasb statements no .87 , 88 , 106 and 132 ( r ) , 201d as a component of 2006 comprehensive earnings rather than only as an adjustment to accumulated other comprehensive loss .the 2006 amounts have been revised to correct the previous reporting .notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings .therefore , no taxes have been provided on the foreign currency translation component for any period .the change in the pension and other postretirement items is presented net of related tax expense of $ 31.3 million and $ 2.9 million for 2007 and 2006 , respectively , and a related tax benefit of $ 27.3 million for 2005 .the change in the effective financial derivatives is presented net of related tax benefit of $ 3.2 million for 2007 , related tax expense of $ 5.7 million for 2006 and related tax benefit of $ 10.7 million for 2005 .stock-based compensation programs effective january 1 , 2006 , ball adopted sfas no .123 ( revised 2004 ) , 201cshare based payment , 201d which is a revision of sfas no .123 and supersedes apb opinion no .25 .the new standard establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services , including stock option and restricted stock grants .the major differences for ball are that ( 1 ) expense is now recorded in the consolidated statements of earnings for the fair value of new stock option grants and nonvested portions of grants made prior to january 1 , 2006 , and ( 2 ) the company 2019s deposit share program ( discussed below ) is no longer a variable plan that is marked to current market value each month through earnings .upon adoption of sfas no .123 ( revised 2004 ) , ball has chosen to use the modified prospective transition method and the black-scholes valuation model. .
|
what was the net tax expense in millions for the three year period ended in 2007 relate to the change in the pension and other postretirement items?
|
6.9
|
{
"answer": "6.9",
"decimal": 6.9,
"type": "float"
}
| |
customary conditions .we will retain a 20% ( 20 % ) equity interest in the joint venture .as of december 31 , 2008 , the joint venture has acquired seven properties from us and we received year-to-date net sale proceeds and financing distributions of approximately $ 251.6 million .in january 2008 , we sold a tract of land to an unconsolidated joint venture in which we hold a 50% ( 50 % ) equity interest and received a distribution , commensurate to our partner 2019s 50% ( 50 % ) ownership interest , of approximately $ 38.3 million .in november 2008 , that unconsolidated joint venture entered a loan agreement with a consortium of banks and distributed a portion of the loan proceeds to us and our partner , with our share of the distribution totaling $ 20.4 million .uses of liquidity our principal uses of liquidity include the following : 2022 property investment ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; 2022 opportunistic repurchases of outstanding debt ; and 2022 other contractual obligations .property investment we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential .our ability to make future property investments is dependent upon our continued access to our longer-term sources of liquidity including the issuances of debt or equity securities as well as disposing of selected properties .in light of current economic conditions , management continues to evaluate our investment priorities and we are limiting new development expenditures .recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments .the following is a summary of our recurring capital expenditures for the years ended december 31 , 2008 , 2007 and 2006 , respectively ( in thousands ) : .
[['', '2008', '2007', '2006'], ['recurring tenant improvements', '$ 36885', '$ 45296', '$ 41895'], ['recurring leasing costs', '28205', '32238', '32983'], ['building improvements', '9724', '8402', '8122'], ['totals', '$ 74814', '$ 85936', '$ 83000']]
dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders .because depreciation is a non-cash expense , cash flow will typically be greater than operating income .we paid dividends per share of $ 1.93 , $ 1.91 and $ 1.89 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status .however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . in january 2009 , our board of directors resolved to decrease our annual dividend from $ 1.94 per share to $ 1.00 per share in order to retain additional cash to help meet our capital needs .we anticipate retaining additional cash of approximately $ 145.2 million per year , when compared to an annual dividend of $ 1.94 per share , as the result of this action .at december 31 , 2008 we had six series of preferred shares outstanding .the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 8.375% ( 8.375 % ) and are paid in arrears quarterly. .
|
in 2008 what was the percent of the recurring capital expenditures associated with leasing costs
|
37.7%
|
{
"answer": "37.7%",
"decimal": 0.377,
"type": "percentage"
}
| |
marathon oil corporation notes to consolidated financial statements stock appreciation rights 2013 prior to 2005 , we granted sars under the 2003 plan .no stock appreciation rights have been granted under the 2007 plan .similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price .under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options .in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted .stock-based performance awards 2013 prior to 2005 , we granted stock-based performance awards under the 2003 plan .no stock-based performance awards have been granted under the 2007 plan .beginning in 2005 , we discontinued granting stock-based performance awards and instead now grant cash-settled performance units to officers .all stock-based performance awards granted under the 2003 plan have either vested or been forfeited .as a result , there are no outstanding stock-based performance awards .restricted stock 2013 we grant restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan .in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package .the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment .we also grant restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes .the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment , however , certain restricted stock awards granted in 2008 will vest over a four-year period , contingent on the recipient 2019s continued employment .prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon .the non-vested shares are not transferable and are held by our transfer agent .common stock units 2013 we maintain an equity compensation program for our non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan .all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors .when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units .total stock-based compensation expense total employee stock-based compensation expense was $ 43 million , $ 66 million and $ 78 million in 2008 , 2007 and 2006 .the total related income tax benefits were $ 16 million , $ 24 million and $ 29 million .in 2008 and 2007 , cash received upon exercise of stock option awards was $ 9 million and $ 27 million .tax benefits realized for deductions during 2008 and 2007 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 7 million and $ 30 million .cash settlements of stock option awards totaled $ 1 million in 2007 .there were no cash settlements in 2008 .stock option awards during 2008 , 2007 and 2006 , we granted stock option awards to both officer and non-officer employees .the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: .
[['', '2008', '2007', '2006'], ['weighted average exercise price per share', '$ 51.74', '$ 60.94', '$ 37.84'], ['expected annual dividends per share', '$ 0.96', '$ 0.96', '$ 0.80'], ['expected life in years', '4.8', '5.0', '5.1'], ['expected volatility', '30% ( 30 % )', '27% ( 27 % )', '28% ( 28 % )'], ['risk-free interest rate', '3.1% ( 3.1 % )', '4.1% ( 4.1 % )', '5.0% ( 5.0 % )'], ['weighted average grant date fair value of stock option awards granted', '$ 13.03', '$ 17.24', '$ 10.19']]
.
|
by what percentage did the company's weighted average exercise price per share increase from 2006 to 2008?
|
36.7%
|
{
"answer": "36.7%",
"decimal": 0.36700000000000005,
"type": "percentage"
}
| |
stock option gains previously deferred by those participants pursuant to the terms of the deferred compensation plan and earnings on those deferred amounts .as a result of certain provisions of the american jobs creation act , participants had the opportunity until december 31 , 2005 to elect to withdraw amounts previously deferred .11 .lease commitments the company leases certain of its facilities , equipment and software under various operating leases that expire at various dates through 2022 .the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs .total rental expense under operating leases was approximately $ 43 million in fiscal 2007 , $ 45 million in fiscal 2006 and $ 44 million in fiscal 2005 .the following is a schedule of future minimum rental payments required under long-term operating leases at november 3 , 2007 : fiscal years operating leases .
[['fiscal years', 'operating leases'], ['2008', '$ 30774'], ['2009', '$ 25906'], ['2010', '$ 13267'], ['2011', '$ 5430'], ['2012', '$ 3842'], ['later years', '$ 12259'], ['total', '$ 91478']]
12 .commitments and contingencies tentative settlement of the sec 2019s previously announced stock option investigation in the company 2019s 2004 form 10-k filing , the company disclosed that the securities and exchange com- mission ( sec ) had initiated an inquiry into its stock option granting practices , focusing on options that were granted shortly before the issuance of favorable financial results .on november 15 , 2005 , the company announced that it had reached a tentative settlement with the sec .at all times since receiving notice of this inquiry , the company has cooperated with the sec .in november 2005 , the company and its president and ceo , mr .jerald g .fishman , made an offer of settlement to the staff of the sec .the settlement has been submitted to the commission for approval .there can be no assurance a final settlement will be so approved .the sec 2019s inquiry focused on two separate issues .the first issue concerned the company 2019s disclosure regarding grants of options to employees and directors prior to the release of favorable financial results .specifically , the issue related to options granted to employees ( including officers ) of the company on november 30 , 1999 and to employees ( including officers ) and directors of the company on november 10 , 2000 .the second issue concerned the grant dates for options granted to employees ( including officers ) in 1998 and 1999 , and the grant date for options granted to employees ( including officers ) and directors in 2001 .specifically , the settlement would conclude that the appropriate grant date for the september 4 , 1998 options should have been september 8th ( which is one trading day later than the date that was used to price the options ) ; the appropriate grant date for the november 30 , 1999 options should have been november 29th ( which is one trading day earlier than the date that was used ) ; and the appropriate grant date for the july 18 , 2001 options should have been july 26th ( which is five trading days after the original date ) .analog devices , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what is the growth rate in rental expense under operating leases in 2007?
|
-4.4%
|
{
"answer": "-4.4%",
"decimal": -0.044000000000000004,
"type": "percentage"
}
| |
management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution .includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities .we generate market-making revenues in these activities in three ways : 2030 in large , highly liquid markets ( such as markets for u.s .treasury bills or certain mortgage pass-through certificates ) , we execute a high volume of transactions for our clients for modest spreads and fees .2030 in less liquid markets ( such as mid-cap corporate bonds , growth market currencies or certain non-agency mortgage-backed securities ) , we execute transactions for our clients for spreads and fees that are generally somewhat larger .2030 we also structure and execute transactions involving customized or tailor-made products that address our clients 2019 risk exposures , investment objectives or other complex needs ( such as a jet fuel hedge for an airline ) .given the focus on the mortgage market , our mortgage activities are further described below .our activities in mortgages include commercial mortgage- related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s .government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives .we buy , hold and sell long and short mortgage positions , primarily for market making for our clients .our inventory therefore changes based on client demands and is generally held for short-term periods .see notes 18 and 27 to the consolidated financial statements for information about exposure to mortgage repurchase requests , mortgage rescissions and mortgage-related litigation .equities .includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter transactions .equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees .the table below presents the operating results of our institutional client services segment. .
[['in millions', 'year ended december 2013', 'year ended december 2012', 'year ended december 2011'], ['fixed income currency and commodities client execution', '$ 8651', '$ 9914', '$ 9018'], ['equities client execution1', '2594', '3171', '3031'], ['commissions and fees', '3103', '3053', '3633'], ['securities services', '1373', '1986', '1598'], ['total equities', '7070', '8210', '8262'], ['total net revenues', '15721', '18124', '17280'], ['operating expenses', '11782', '12480', '12837'], ['pre-tax earnings', '$ 3939', '$ 5644', '$ 4443']]
1 .in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business .net revenues related to the americas reinsurance business were $ 317 million for 2013 , $ 1.08 billion for 2012 and $ 880 million for 2011 .see note 12 to the consolidated financial statements for further information about this sale .2013 versus 2012 .net revenues in institutional client services were $ 15.72 billion for 2013 , 13% ( 13 % ) lower than 2012 .net revenues in fixed income , currency and commodities client execution were $ 8.65 billion for 2013 , 13% ( 13 % ) lower than 2012 , reflecting significantly lower net revenues in interest rate products compared with a solid 2012 , and significantly lower net revenues in mortgages compared with a strong 2012 .the decrease in interest rate products and mortgages primarily reflected the impact of a more challenging environment and lower activity levels compared with 2012 .in addition , net revenues in currencies were slightly lower , while net revenues in credit products and commodities were essentially unchanged compared with 2012 .in december 2013 , we completed the sale of a majority stake in our european insurance business and recognized a gain of $ 211 million .50 goldman sachs 2013 annual report .
|
what percentage of total net revenues institutional client services segment in 2012 were made up of equities client execution?
|
17%
|
{
"answer": "17%",
"decimal": 0.17,
"type": "percentage"
}
| |
2016 non-qualified deferred compensation as of december 31 , 2016 , mr .may had a deferred account balance under a frozen defined contribution restoration plan .the amount is deemed invested , as chosen by the participant , in certain t .rowe price investment funds that are also available to the participant under the savings plan .mr .may has elected to receive the deferred account balance after he retires .the defined contribution restoration plan , until it was frozen in 2005 , credited eligible employees 2019 deferral accounts with employer contributions to the extent contributions under the qualified savings plan in which the employee participated were subject to limitations imposed by the code .defined contribution restoration plan executive contributions in registrant contributions in aggregate earnings in 2016 ( 1 ) aggregate withdrawals/ distributions aggregate balance at december 31 , ( a ) ( b ) ( c ) ( d ) ( e ) ( f ) .
[['name', 'executive contributions in 2016 ( b )', 'registrant contributions in 2016 ( c )', 'aggregate earnings in 2016 ( 1 ) ( d )', 'aggregate withdrawals/distributions ( e )', 'aggregate balance at december 31 2016 ( a ) ( f )'], ['phillip r . may jr .', '$ 2014', '$ 2014', '$ 177', '$ 2014', '$ 1751']]
( 1 ) amounts in this column are not included in the summary compensation table .2016 potential payments upon termination or change in control entergy corporation has plans and other arrangements that provide compensation to a named executive officer if his or her employment terminates under specified conditions , including following a change in control of entergy corporation .in addition , in 2006 entergy corporation entered into a retention agreement with mr .denault that provides possibility of additional service credit under the system executive retirement plan upon certain terminations of employment .there are no plans or agreements that would provide for payments to any of the named executive officers solely upon a change in control .the tables below reflect the amount of compensation each of the named executive officers would have received if his or her employment with their entergy employer had been terminated under various scenarios as of december 31 , 2016 .for purposes of these tables , a stock price of $ 73.47 was used , which was the closing market price on december 30 , 2016 , the last trading day of the year. .
|
what is the aggregate balance at december 31 2015 for phillip r . may jr.?
|
1574
|
{
"answer": "1574",
"decimal": 1574,
"type": "float"
}
| |
2022 net derivative losses of $ 13 million .review by segment general we serve clients through the following segments : 2022 risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network .2022 hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies .risk solutions .
[['years ended december 31,', '2011', '2010', '2009'], ['revenue', '$ 6817', '$ 6423', '$ 6305'], ['operating income', '1314', '1194', '900'], ['operating margin', '19.3% ( 19.3 % )', '18.6% ( 18.6 % )', '14.3% ( 14.3 % )']]
the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business .the economic activity that impacts property and casualty insurance is described as exposure units , and is closely correlated with employment levels , corporate revenue and asset values .during 2011 we began to see some improvement in pricing ; however , we would still consider this to be a 2018 2018soft market , 2019 2019 which began in 2007 .in a soft market , premium rates flatten or decrease , along with commission revenues , due to increased competition for market share among insurance carriers or increased underwriting capacity .changes in premiums have a direct and potentially material impact on the insurance brokerage industry , as commission revenues are generally based on a percentage of the premiums paid by insureds .in 2011 , pricing showed signs of stabilization and improvement in both our retail and reinsurance brokerage product lines and we expect this trend to slowly continue into 2012 .additionally , beginning in late 2008 and continuing through 2011 , we faced difficult conditions as a result of unprecedented disruptions in the global economy , the repricing of credit risk and the deterioration of the financial markets .weak global economic conditions have reduced our customers 2019 demand for our brokerage products , which have had a negative impact on our operational results .risk solutions generated approximately 60% ( 60 % ) of our consolidated total revenues in 2011 .revenues are generated primarily through fees paid by clients , commissions and fees paid by insurance and reinsurance companies , and investment income on funds held on behalf of clients .our revenues vary from quarter to quarter throughout the year as a result of the timing of our clients 2019 policy renewals , the net effect of new and lost business , the timing of services provided to our clients , and the income we earn on investments , which is heavily influenced by short-term interest rates .we operate in a highly competitive industry and compete with many retail insurance brokerage and agency firms , as well as with individual brokers , agents , and direct writers of insurance coverage .specifically , we address the highly specialized product development and risk management needs of commercial enterprises , professional groups , insurance companies , governments , health care providers , and non-profit groups , among others ; provide affinity products for professional liability , life , disability .
|
what was the percent of the increase in the operating income from 2010 to 2011
|
10.1%
|
{
"answer": "10.1%",
"decimal": 0.10099999999999999,
"type": "percentage"
}
|
the percent of the increase in the operating income increased by 10.1% from 2010 to 2011
|
federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) .
[['balance december 31 2006', '$ 740507'], ['additions during period 2014depreciation and amortization expense', '96454'], ['deductions during period 2014disposition and retirements of property', '-80258 ( 80258 )'], ['balance december 31 2007', '756703'], ['additions during period 2014depreciation and amortization expense', '101321'], ['deductions during period 2014disposition and retirements of property', '-11766 ( 11766 )'], ['balance december 31 2008', '846258'], ['additions during period 2014depreciation and amortization expense', '103.698'], ['deductions during period 2014disposition and retirements of property', '-11869 ( 11869 )'], ['balance december 31 2009', '$ 938087']]
.
|
what is the percentual decline of the deductions during 2007 and 2008?
|
85.33%
|
{
"answer": "85.33%",
"decimal": 0.8533,
"type": "percentage"
}
|
it is the percentual variation of the value of the deduction , which is calculated by subtracting the initial value of the final value , then dividing by the initial value and turning it into a percentage .
|
note 15 financial derivatives we use derivative financial instruments ( derivatives ) primarily to help manage exposure to interest rate , market and credit risk and reduce the effects that changes in interest rates may have on net income , the fair value of assets and liabilities , and cash flows .we also enter into derivatives with customers to facilitate their risk management activities .derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract .derivative transactions are often measured in terms of notional amount , but this amount is generally not exchanged and it is not recorded on the balance sheet .the notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract .the underlying is a referenced interest rate ( commonly libor ) , security price , credit spread or other index .residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments .the following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by pnc : table 124 : total gross derivatives .
[['in millions', 'december 31 2014 notional/contractamount', 'december 31 2014 assetfairvalue ( a )', 'december 31 2014 liabilityfairvalue ( b )', 'december 31 2014 notional/contractamount', 'december 31 2014 assetfairvalue ( a )', 'liabilityfairvalue ( b )'], ['derivatives designated as hedging instruments under gaap', '$ 49061', '$ 1261', '$ 186', '$ 36197', '$ 1189', '$ 364'], ['derivatives not designated as hedging instruments under gaap', '291256', '3973', '3841', '345059', '3604', '3570'], ['total gross derivatives', '$ 340317', '$ 5234', '$ 4027', '$ 381256', '$ 4793', '$ 3934']]
( a ) included in other assets on our consolidated balance sheet .( b ) included in other liabilities on our consolidated balance sheet .all derivatives are carried on our consolidated balance sheet at fair value .derivative balances are presented on the consolidated balance sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and any related cash collateral exchanged with counterparties .further discussion regarding the rights of setoff associated with these legally enforceable master netting agreements is included in the offsetting , counterparty credit risk , and contingent features section below .our exposure related to risk participations where we sold protection is discussed in the credit derivatives section below .any nonperformance risk , including credit risk , is included in the determination of the estimated net fair value of the derivatives .further discussion on how derivatives are accounted for is included in note 1 accounting policies .derivatives designated as hedging instruments under gaap certain derivatives used to manage interest rate and foreign exchange risk as part of our asset and liability risk management activities are designated as accounting hedges under gaap .derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges , derivatives hedging the variability of expected future cash flows are considered cash flow hedges , and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges .designating derivatives as accounting hedges allows for gains and losses on those derivatives , to the extent effective , to be recognized in the income statement in the same period the hedged items affect earnings .the pnc financial services group , inc .2013 form 10-k 187 .
|
what percentage of notional contract amount of total gross derivatives at december 31 , 2014 was from derivatives not designated as hedging instruments under gaap?
|
85.6%
|
{
"answer": "85.6%",
"decimal": 0.856,
"type": "percentage"
}
| |
57management's discussion and analysis of financial condition and results of operations facility include covenants relating to net interest coverage and total debt-to-book capitalization ratios .the company was in compliance with the terms of the 3-year credit facility at december 31 , 2005 .the company has never borrowed under its domestic revolving credit facilities .utilization of the non-u.s .credit facilities may also be dependent on the company's ability to meet certain conditions at the time a borrowing is requested .contractual obligations , guarantees , and other purchase commitments contractual obligations summarized in the table below are the company's obligations and commitments to make future payments under debt obligations ( assuming earliest possible exercise of put rights by holders ) , lease payment obligations , and purchase obligations as of december 31 , 2005 .payments due by period ( 1 ) ( in millions ) total 2006 2007 2008 2009 2010 thereafter .
[['( in millions )', 'payments due by period ( 1 ) total', 'payments due by period ( 1 ) 2006', 'payments due by period ( 1 ) 2007', 'payments due by period ( 1 ) 2008', 'payments due by period ( 1 ) 2009', 'payments due by period ( 1 ) 2010', 'payments due by period ( 1 ) thereafter'], ['long-term debt obligations', '$ 4033', '$ 119', '$ 1222', '$ 200', '$ 2', '$ 529', '$ 1961'], ['lease obligations', '1150', '438', '190', '134', '109', '84', '195'], ['purchase obligations', '992', '418', '28', '3', '2', '2', '539'], ['total contractual obligations', '$ 6175', '$ 975', '$ 1440', '$ 337', '$ 113', '$ 615', '$ 2695']]
( 1 ) amounts included represent firm , non-cancelable commitments .debt obligations : at december 31 , 2005 , the company's long-term debt obligations , including current maturities and unamortized discount and issue costs , totaled $ 4.0 billion , as compared to $ 5.0 billion at december 31 , 2004 .a table of all outstanding long-term debt securities can be found in note 4 , ""debt and credit facilities'' to the company's consolidated financial statements .as previously discussed , the decrease in the long- term debt obligations as compared to december 31 , 2004 , was due to the redemptions and repurchases of $ 1.0 billion principal amount of outstanding securities during 2005 .also , as previously discussed , the remaining $ 118 million of 7.6% ( 7.6 % ) notes due january 1 , 2007 were reclassified to current maturities of long-term debt .lease obligations : the company owns most of its major facilities , but does lease certain office , factory and warehouse space , land , and information technology and other equipment under principally non-cancelable operating leases .at december 31 , 2005 , future minimum lease obligations , net of minimum sublease rentals , totaled $ 1.2 billion .rental expense , net of sublease income , was $ 254 million in 2005 , $ 217 million in 2004 and $ 223 million in 2003 .purchase obligations : the company has entered into agreements for the purchase of inventory , license of software , promotional agreements , and research and development agreements which are firm commitments and are not cancelable .the longest of these agreements extends through 2015 .total payments expected to be made under these agreements total $ 992 million .commitments under other long-term agreements : the company has entered into certain long-term agreements to purchase software , components , supplies and materials from suppliers .most of the agreements extend for periods of one to three years ( three to five years for software ) .however , generally these agreements do not obligate the company to make any purchases , and many permit the company to terminate the agreement with advance notice ( usually ranging from 60 to 180 days ) .if the company were to terminate these agreements , it generally would be liable for certain termination charges , typically based on work performed and supplier on-hand inventory and raw materials attributable to canceled orders .the company's liability would only arise in the event it terminates the agreements for reasons other than ""cause.'' in 2003 , the company entered into outsourcing contracts for certain corporate functions , such as benefit administration and information technology related services .these contracts generally extend for 10 years and are expected to expire in 2013 .the total payments under these contracts are approximately $ 3 billion over 10 years ; however , these contracts can be terminated .termination would result in a penalty substantially less than the annual contract payments .the company would also be required to find another source for these services , including the possibility of performing them in-house .as is customary in bidding for and completing network infrastructure projects and pursuant to a practice the company has followed for many years , the company has a number of performance/bid bonds and standby letters of credit outstanding , primarily relating to projects of government and enterprise mobility solutions segment and the networks segment .these instruments normally have maturities of up to three years and are standard in the .
|
what was the percentage change in total contractual obligations from 2006 to 2010?
|
-36.9%
|
{
"answer": "-36.9%",
"decimal": -0.369,
"type": "percentage"
}
|
the total contractual obligations decreases by 36.9% from 2006 to 2010 . to find this out we subtract these two times from each other and then take the solution . we then multiple that solution by the 2006 number to get 36.9% .
|
notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) sales of businesses and investments 2013 primarily includes realized gains and losses relating to the sales of businesses , cumulative translation adjustment balances from the liquidation of entities and sales of marketable securities and investments in publicly traded and privately held companies in our rabbi trusts .during 2009 , we realized a gain of $ 15.2 related to the sale of an investment in our rabbi trusts , which was partially offset by losses realized from the sale of various businesses .losses in 2007 primarily related to the sale of several businesses within draftfcb for a loss of $ 9.3 and charges at lowe of $ 7.8 as a result of the realization of cumulative translation adjustment balances from the liquidation of several businesses .vendor discounts and credit adjustments 2013 we are in the process of settling our liabilities related to vendor discounts and credits established during the restatement we presented in our 2004 annual report on form 10-k .these adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed .litigation settlement 2013 during may 2008 , the sec concluded its investigation that began in 2002 into our financial reporting practices , resulting in a settlement charge of $ 12.0 .investment impairments 2013 in 2007 we realized an other-than-temporary charge of $ 5.8 relating to a $ 12.5 investment in auction rate securities , representing our total investment in auction rate securities .see note 12 for further information .note 5 : intangible assets goodwill goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values .the changes in the carrying value of goodwill for our segments , integrated agency networks ( 201cian 201d ) and constituency management group ( 201ccmg 201d ) , for the years ended december 31 , 2009 and 2008 are listed below. .
[['', 'ian', 'cmg', 'total 1'], ['balance as of december 31 2007', '$ 2789.7', '$ 441.9', '$ 3231.6'], ['current year acquisitions', '99.5', '1.8', '101.3'], ['contingent and deferred payments for prior acquisitions', '28.9', '1.1', '30.0'], ['other ( primarily foreign currency translation )', '-128.1 ( 128.1 )', '-13.9 ( 13.9 )', '-142.0 ( 142.0 )'], ['balance as of december 31 2008', '$ 2790.0', '$ 430.9', '$ 3220.9'], ['current year acquisitions2', '5.2', '2014', '5.2'], ['contingent and deferred payments for prior acquisitions', '14.2', '2014', '14.2'], ['other ( primarily foreign currency translation )', '76.2', '4.5', '80.7'], ['balance as of december 31 2009', '$ 2885.6', '$ 435.4', '$ 3321.0']]
1 for all periods presented we have not recorded a goodwill impairment charge .2 for acquisitions completed after january 1 , 2009 , amount includes contingent and deferred payments , which are recorded at fair value on the acquisition date .see note 6 for further information .see note 1 for further information regarding our annual impairment methodology .other intangible assets included in other intangible assets are assets with indefinite lives not subject to amortization and assets with definite lives subject to amortization .other intangible assets primarily include customer lists and trade names .intangible assets with definitive lives subject to amortization are amortized on a straight-line basis with estimated useful lives generally between 7 and 15 years .amortization expense for other intangible assets for the years ended december 31 , 2009 , 2008 and 2007 was $ 19.3 , $ 14.4 and $ 8.5 , respectively .the following table provides a summary of other intangible assets , which are included in other assets on our consolidated balance sheets. .
|
what was the average amortization expense for other intangible assets for 2007-2009 , in millions?
|
14.07
|
{
"answer": "14.07",
"decimal": 14.07,
"type": "float"
}
| |
entergy corporation and subsidiaries management's financial discussion and analysis the purchased power capacity variance is primarily due to higher capacity charges .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 .the volume/weather variance is primarily due to the effect of less favorable weather compared to the same period in 2007 and decreased electricity usage primarily during the unbilled sales period .hurricane gustav and hurricane ike , which hit the utility's service territories in september 2008 , contributed an estimated $ 46 million to the decrease in electricity usage .industrial sales were also depressed by the continuing effects of the hurricanes and , especially in the latter part of the year , because of the overall decline of the economy , leading to lower usage in the latter part of the year affecting both the large customer industrial segment as well as small and mid-sized industrial customers .the decreases in electricity usage were partially offset by an increase in residential and commercial customer electricity usage that occurred during the periods of the year not affected by the hurricanes .the retail electric price variance is primarily due to : an increase in the attala power plant costs recovered through the power management rider by entergy mississippi .the net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; a storm damage rider that became effective in october 2007 at entergy mississippi ; and an energy efficiency rider that became effective in november 2007 at entergy arkansas .the establishment of the storm damage rider and the energy efficiency rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no impact on net income .the retail electric price variance was partially offset by : the absence of interim storm recoveries through the formula rate plans at entergy louisiana and entergy gulf states louisiana which ceased upon the act 55 financing of storm costs in the third quarter 2008 ; and a credit passed on to customers as a result of the act 55 storm cost financings .refer to "liquidity and capital resources - hurricane katrina and hurricane rita" below and note 2 to the financial statements for a discussion of the interim recovery of storm costs and the act 55 storm cost financings .non-utility nuclear following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 1839'], ['realized price changes', '309'], ['palisades acquisition', '98'], ['volume variance ( other than palisades )', '73'], ['fuel expenses ( other than palisades )', '-19 ( 19 )'], ['other', '34'], ['2008 net revenue', '$ 2334']]
as shown in the table above , net revenue for non-utility nuclear increased by $ 495 million , or 27% ( 27 % ) , in 2008 compared to 2007 primarily due to higher pricing in its contracts to sell power , additional production available from the acquisition of palisades in april 2007 , and fewer outage days .in addition to the refueling outages shown in the .
|
what was the average net revenue between 2007 and 2008 in millions
|
2086.5
|
{
"answer": "2086.5",
"decimal": 2086.5,
"type": "float"
}
| |
overview we finance our operations and capital expenditures through a combination of internally generated cash from operations and from borrowings under our senior secured asset-based revolving credit facility .we believe that our current sources of funds will be sufficient to fund our cash operating requirements for the next year .in addition , we believe that , in spite of the uncertainty of future macroeconomic conditions , we have adequate sources of liquidity and funding available to meet our longer-term needs .however , there are a number of factors that may negatively impact our available sources of funds .the amount of cash generated from operations will be dependent upon factors such as the successful execution of our business plan and general economic conditions .long-term debt activities during the year ended december 31 , 2014 , we had significant debt refinancings .in connection with these refinancings , we recorded a loss on extinguishment of long-term debt of $ 90.7 million in our consolidated statement of operations for the year ended december 31 , 2014 .see note 7 to the accompanying audited consolidated financial statements included elsewhere in this report for additional details .share repurchase program on november 6 , 2014 , we announced that our board of directors approved a $ 500 million share repurchase program effective immediately under which we may repurchase shares of our common stock in the open market or through privately negotiated transactions , depending on share price , market conditions and other factors .the share repurchase program does not obligate us to repurchase any dollar amount or number of shares , and repurchases may be commenced or suspended from time to time without prior notice .as of the date of this filing , no shares have been repurchased under the share repurchase program .dividends a summary of 2014 dividend activity for our common stock is shown below: .
[['dividend amount', 'declaration date', 'record date', 'payment date'], ['$ 0.0425', 'february 12 2014', 'february 25 2014', 'march 10 2014'], ['$ 0.0425', 'may 8 2014', 'may 27 2014', 'june 10 2014'], ['$ 0.0425', 'july 31 2014', 'august 25 2014', 'september 10 2014'], ['$ 0.0675', 'november 6 2014', 'november 25 2014', 'december 10 2014']]
on february 10 , 2015 , we announced that our board of directors declared a quarterly cash dividend on our common stock of $ 0.0675 per share .the dividend will be paid on march 10 , 2015 to all stockholders of record as of the close of business on february 25 , 2015 .the payment of any future dividends will be at the discretion of our board of directors and will depend upon our results of operations , financial condition , business prospects , capital requirements , contractual restrictions , any potential indebtedness we may incur , restrictions imposed by applicable law , tax considerations and other factors that our board of directors deems relevant .in addition , our ability to pay dividends on our common stock will be limited by restrictions on our ability to pay dividends or make distributions to our stockholders and on the ability of our subsidiaries to pay dividends or make distributions to us , in each case , under the terms of our current and any future agreements governing our indebtedness .table of contents .
|
what was the dividend increase between july 31 2014 and november 6 2014?
|
0.25
|
{
"answer": "0.25",
"decimal": 0.25,
"type": "float"
}
| |
( 1 ) the cumulative total return assumes reinvestment of dividends .( 2 ) the total return is weighted according to market capitalization of each company at the beginning of each year .( f ) purchases of equity securities by the issuer and affiliated purchasers we have not repurchased any of our common stock since the company filed its initial registration statement on march 16 , ( g ) securities authorized for issuance under equity compensation plans a description of securities authorized for issuance under our equity compensation plans will be incorporated herein by reference to the proxy statement for the 2012 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year .item 6 .selected financial data .
[['( $ in millions except per share amounts )', 'year ended december 31 2011', 'year ended december 31 2010', 'year ended december 31 2009', 'year ended december 31 2008', 'year ended december 31 2007'], ['sales and service revenues', '$ 6575', '$ 6723', '$ 6292', '$ 6189', '$ 5692'], ['goodwill impairment', '290', '0', '0', '2490', '0'], ['operating income ( loss )', '110', '248', '211', '-2354 ( 2354 )', '447'], ['net earnings ( loss )', '-94 ( 94 )', '135', '124', '-2420 ( 2420 )', '276'], ['total assets', '6001', '5203', '5036', '4760', '7658'], ['long-term debt ( 1 )', '1830', '105', '283', '283', '283'], ['total long-term obligations', '3757', '1559', '1645', '1761', '1790'], ['free cash flow ( 2 )', '331', '168', '-269 ( 269 )', '121', '364'], ['basic earnings ( loss ) per share', '$ -1.93 ( 1.93 )', '$ 2.77', '$ 2.54', '$ -49.61 ( 49.61 )', '$ 5.65'], ['diluted earnings ( loss ) per share', '$ -1.93 ( 1.93 )', '$ 2.77', '$ 2.54', '$ -49.61 ( 49.61 )', '$ 5.65']]
( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities .( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures .see liquidity and capital resources in item 7 for more information on this measure. .
|
what would 2011 operating income have been without non-cash charges?
|
400000000
|
{
"answer": "400000000",
"decimal": 400000000,
"type": "float"
}
| |
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) .
[['', '2015', '2014 ( in millions )', '2013'], ['share-based compensation expense', '$ 21.1', '$ 29.8', '$ 18.4'], ['income tax benefit', '$ -6.9 ( 6.9 )', '$ -7.1 ( 7.1 )', '$ -5.6 ( 5.6 )']]
we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
|
what is the growth rate in the share-based compensation expense from 2014 to 2015?
|
-29.2%
|
{
"answer": "-29.2%",
"decimal": -0.292,
"type": "percentage"
}
|
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