Context
stringlengths 523
16k
| Question
stringlengths 26
367
| Answer
stringlengths 1
335
| Ground_truths
dict | Explanation
stringclasses 898
values |
|---|---|---|---|---|
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 .equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 .
[['plan category', 'number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )', 'weighted-average exercise price of outstanding optionswarrants and rights ( 2 )', 'number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )'], ['equity compensation plans approved by security holders', '2956907', '$ 35.01', '2786760'], ['equity compensation plans not approved by security holders ( 3 )', '2014', '2014', '2014'], ['total', '2956907', '$ 35.01', '2786760']]
( 1 ) includes grants made under the huntington ingalls industries , inc .2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan .in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only .( 3 ) there are no awards made under plans not approved by security holders .item 13 .certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year .item 14 .principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
|
what is the combined number of equity compensation plans approved by security holders
|
5743667
|
{
"answer": "5743667",
"decimal": 5743667,
"type": "float"
}
|
the combined amount is the sum of both security types
|
dish network corporation notes to consolidated financial statements - continued december 31 , 2008 , we recorded $ 6 million in interest and penalty expense to earnings .accrued interest and penalties was $ 7 million at december 31 , 2008 .11 .acquisition of sling media , inc .during october 2007 , we acquired all remaining outstanding shares ( 94% ( 94 % ) ) of sling media , inc .( 201csling media 201d ) for cash consideration of $ 342 million , including direct transaction costs of $ 8 million .we also exchanged sling media employee stock options for our options to purchase approximately 342000 of our common stock valued at approximately $ 16 million .sling media , a leading innovator in the digital- lifestyle space , was acquired to allow us to offer new products and services to our subscribers .on january 1 , 2008 , sling media was distributed to echostar in the spin-off .this transaction was accounted for as a purchase business combination in accordance with statement of financial accounting standards no .141 , 201cbusiness combinations 201d ( 201csfas 141 201d ) .the purchase consideration was allocated based on the fair values of identifiable tangible and intangible assets and liabilities as follows : purchase price allocation ( in thousands ) .
[['', 'final purchase price allocation ( in thousands )'], ['tangible assets', '$ 28779'], ['prepaid compensation costs', '11844'], ['other noncurrent assets ( 1 )', '-9541 ( 9541 )'], ['acquisition intangibles', '61800'], ['in-process research and development', '22200'], ['goodwill', '256917'], ['total assets acquired', '$ 371999'], ['current liabilities', '-19233 ( 19233 )'], ['long-term liabilities ( 2 )', '-10922 ( 10922 )'], ['net assets acquired', '$ 341844']]
( 1 ) represents the elimination of our previously recorded 6% ( 6 % ) non-controlling interest in sling media .( 2 ) includes $ 9 million deferred tax liability related to the acquisition intangibles .the total $ 62 million of acquired intangible assets resulting from the sling media transaction is comprised of technology-based intangibles and trademarks totaling approximately $ 34 million with estimated weighted-average useful lives of seven years , reseller relationships totaling approximately $ 24 million with estimated weighted-average useful lives of three years and contract-based intangibles totaling approximately $ 4 million with estimated weighted-average useful lives of four years .the in-process research and development costs of $ 22 million were expensed to general and administrative expense upon acquisition in accordance with sfas 141 .the goodwill recorded as a result of the acquisition is not deductible for income tax purposes .the business combination did not have a material impact on our results of operations for the year ended december 31 , 2007 and would not have materially impacted our results of operations for these periods had the business combination occurred on january 1 , 2007 .further , the business combination would not have had a material impact on our results of operations for the comparable period in 2006 had the business combination occurred on january 1 , 2006. .
|
what percentage of total assets acquired where comprised of goodwill?
|
70%
|
{
"answer": "70%",
"decimal": 0.7,
"type": "percentage"
}
| |
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index .the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on december 31 , 2011 , and that any dividends have been reinvested .the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock .comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index december 31 , december 29 , december 28 , january 3 , january 2 , december 31 .
[['company/index', 'december 31 2011', 'december 29 2012', 'december 28 2013', 'january 3 2015', 'january 2 2016', 'december 31 2016'], ['advance auto parts', '$ 100.00', '$ 102.87', '$ 158.46', '$ 228.88', '$ 217.49', '$ 244.64'], ['s&p 500 index', '100.00', '114.07', '152.98', '174.56', '177.01', '198.18'], ['s&p retail index', '100.00', '122.23', '178.55', '196.06', '245.31', '256.69']]
.
|
what is the rate of return on an investment in advance auto parts from 2015 to 2016?
|
-5.0%
|
{
"answer": "-5.0%",
"decimal": -0.05,
"type": "percentage"
}
| |
interest expense 2013 interest expense increased in 2014 versus 2013 due to an increased weighted- average debt level of $ 10.8 billion in 2014 from $ 9.6 billion in 2013 , which more than offset the impact of the lower effective interest rate of 5.3% ( 5.3 % ) in 2014 versus 5.7% ( 5.7 % ) in 2013 .interest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% ( 5.7 % ) in 2013 versus 6.0% ( 6.0 % ) in 2012 .the increase in the weighted-average debt level to $ 9.6 billion in 2013 from $ 9.1 billion in 2012 partially offset the impact of the lower effective interest rate .income taxes 2013 higher pre-tax income increased income taxes in 2014 compared to 2013 .our effective tax rate for 2014 was 37.9% ( 37.9 % ) compared to 37.7% ( 37.7 % ) in 2013 .higher pre-tax income increased income taxes in 2013 compared to 2012 .our effective tax rate for 2013 was 37.7% ( 37.7 % ) compared to 37.6% ( 37.6 % ) in 2012 .other operating/performance and financial statistics we report a number of key performance measures weekly to the association of american railroads ( aar ) .we provide this data on our website at www.up.com/investor/aar-stb_reports/index.htm .operating/performance statistics railroad performance measures are included in the table below : 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 .
[['', '2014', '2013', '2012', '% ( % ) change 2014 v 2013', '% ( % ) change2013 v 2012'], ['average train speed ( miles per hour )', '24.0', '26.0', '26.5', '( 8 ) % ( % )', '( 2 ) % ( % )'], ['average terminal dwell time ( hours )', '30.3', '27.1', '26.2', '12 % ( % )', '3 % ( % )'], ['gross ton-miles ( billions )', '1014.9', '949.1', '959.3', '7 % ( % )', '( 1 ) % ( % )'], ['revenue ton-miles ( billions )', '549.6', '514.3', '521.1', '7 % ( % )', '( 1 ) % ( % )'], ['operating ratio', '63.5', '66.1', '67.8', '( 2.6 ) pts', '( 1.7 ) pts'], ['employees ( average )', '47201', '46445', '45928', '2 % ( % )', '1 % ( % )']]
average train speed 2013 average train speed is calculated by dividing train miles by hours operated on our main lines between terminals .average train speed , as reported to the association of american railroads , decreased 8% ( 8 % ) in 2014 versus 2013 .the decline was driven by a 7% ( 7 % ) volume increase , a major infrastructure project in fort worth , texas and inclement weather , including flooding in the midwest in the second quarter and severe weather conditions in the first quarter that impacted all major u.s .and canadian railroads .average train speed decreased 2% ( 2 % ) in 2013 versus 2012 .the decline was driven by severe weather conditions and shifts of traffic to sections of our network with higher utilization .average terminal dwell time 2013 average terminal dwell time is the average time that a rail car spends at our terminals .lower average terminal dwell time improves asset utilization and service .average terminal dwell time increased 12% ( 12 % ) in 2014 compared to 2013 , caused by higher volumes and inclement weather .average terminal dwell time increased 3% ( 3 % ) in 2013 compared to 2012 , primarily due to growth of manifest traffic which requires more time in terminals for switching cars and building trains .gross and revenue ton-miles 2013 gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled .revenue ton-miles are calculated by multiplying the weight of freight by the number of tariff miles .gross ton-miles , revenue ton-miles and carloadings all increased 7% ( 7 % ) in 2014 compared to 2013 .gross ton-miles and revenue ton-miles declined 1% ( 1 % ) in 2013 compared to 2012 and carloads remained relatively flat driven by declines in coal and agricultural products offset by growth in chemical , autos and industrial products .changes in commodity mix drove the year-over-year variances between gross ton- miles , revenue ton-miles and carloads. .
|
holding weighted- average debt level as the same as 2013what would the interest expense be in 2014 in billions?
|
.508
|
{
"answer": ".508",
"decimal": 0.508,
"type": "float"
}
| |
off-balance-sheet arrangements we have a number of off-balance-sheet investments , including joint ven- tures and debt and preferred equity investments .these investments all have varying ownership structures .substantially all of our joint venture arrangements are accounted for under the equity method of accounting as we have the ability to exercise significant influence , but not control over the operating and financial decisions of these joint venture arrange- ments .our off-balance-sheet arrangements are discussed in note a0 5 , 201cdebt and preferred equity investments 201d and note a0 6 , 201cinvestments in unconsolidated joint ventures 201d in the accompanying consolidated finan- cial statements .additional information about the debt of our unconsoli- dated joint ventures is included in 201ccontractual obligations 201d below .capital expenditures we estimate that , for the year ending december a031 , 2011 , we will incur approximately $ 120.5 a0 million of capital expenditures , which are net of loan reserves ( including tenant improvements and leasing commis- sions ) , on existing wholly-owned properties , and that our share of capital expenditures at our joint venture properties , net of loan reserves , will be approximately $ 23.4 a0million .we expect to fund these capital expen- ditures with operating cash flow , additional property level mortgage financings and cash on hand .future property acquisitions may require substantial capital investments for refurbishment and leasing costs .we expect that these financing requirements will be met in a similar fashion .we believe that we will have sufficient resources to satisfy our capital needs during the next 12-month period .thereafter , we expect our capital needs will be met through a combination of cash on hand , net cash provided by operations , borrowings , potential asset sales or addi- tional equity or debt issuances .above provides that , except to enable us to continue to qualify as a reit for federal income tax purposes , we will not during any four consecu- tive fiscal quarters make distributions with respect to common stock or other equity interests in an aggregate amount in excess of 95% ( 95 % ) of funds from operations for such period , subject to certain other adjustments .as of december a0 31 , 2010 and 2009 , we were in compliance with all such covenants .market rate risk we are exposed to changes in interest rates primarily from our floating rate borrowing arrangements .we use interest rate derivative instruments to manage exposure to interest rate changes .a hypothetical 100 basis point increase in interest rates along the entire interest rate curve for 2010 and 2009 , would increase our annual interest cost by approximately $ 11.0 a0mil- lion and $ 15.2 a0million and would increase our share of joint venture annual interest cost by approximately $ 6.7 a0million and $ 6.4 a0million , respectively .we recognize all derivatives on the balance sheet at fair value .derivatives that are not hedges must be adjusted to fair value through income .if a derivative is a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earnings , or recognized in other comprehensive income until the hedged item is recognized in earnings .the ineffective portion of a deriva- tive 2019s change in fair value is recognized immediately in earnings .approximately $ 4.1 a0billion of our long-term debt bore interest at fixed rates , and therefore the fair value of these instruments is affected by changes in the market interest rates .the interest rate on our variable rate debt and joint venture debt as of december a031 , 2010 ranged from libor plus 75 basis points to libor plus 400 basis points .contractual obligations combined aggregate principal maturities of mortgages and other loans payable , our 2007 unsecured revolving credit facility , senior unsecured notes ( net of discount ) , trust preferred securities , our share of joint venture debt , including as-of-right extension options , estimated interest expense ( based on weighted average interest rates for the quarter ) , and our obligations under our capital and ground leases , as of december a031 , 2010 , are as follows ( in thousands ) : .
[['', '2011', '2012', '2013', '2014', '2015', 'thereafter', 'total'], ['property mortgages', '$ 246615', '$ 143646', '$ 656863', '$ 208025', '$ 260433', '$ 1884885', '$ 3400467'], ['revolving credit facility', '2014', '650000', '2014', '2014', '2014', '2014', '650000'], ['trust preferred securities', '2014', '2014', '2014', '2014', '2014', '100000', '100000'], ['senior unsecured notes', '84823', '123171', '2014', '98578', '657', '793316', '1100545'], ['capital lease', '1555', '1555', '1555', '1555', '1593', '44056', '51869'], ['ground leases', '28929', '28179', '28179', '28179', '28179', '552421', '694066'], ['estimated interest expense', '265242', '245545', '221161', '197128', '177565', '355143', '1461784'], ['joint venture debt', '207738', '61491', '41415', '339184', '96786', '857305', '1603919'], ['total', '$ 834902', '$ 1253587', '$ 949173', '$ 872649', '$ 565213', '$ 4587126', '$ 9062650']]
48 sl green realty corp .2010 annual report management 2019s discussion and analysis of financial condition and results of operations .
|
what was the total liability in millions for capital lease and ground leases?
|
745935
|
{
"answer": "745935",
"decimal": 745935,
"type": "float"
}
| |
notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) asset retirement obligations the company records obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs in accordance with sfas no .143 , accounting for asset retirement obligations .the company reviews legal obligations associated with the retirement of long-lived assets that result from the acquisition , construction , development and/or normal use of the assets .if it is determined that a legal obligation exists , the fair value of the liability for an asset retirement obligation is recognized in the period in which it is incurred if a reasonable estimate of fair value can be made .the fair value of the liability is added to the carrying amount of the associated asset and this additional carrying amount is depreciated over the life of the asset .the difference between the gross expected future cash flow and its present value is accreted over the life of the related lease as an operating expense .all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination .the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2004 and 2005 ( in millions ) : .
[['asset retirement liability as of september 27 2003', '$ 7.2'], ['additional asset retirement obligations recognized', '0.5'], ['accretion recognized', '0.5'], ['asset retirement liability as of september 25 2004', '$ 8.2'], ['additional asset retirement obligations recognized', '2.8'], ['accretion recognized', '0.7'], ['asset retirement liability as of september 24 2005', '$ 11.7']]
cumulative effects of accounting changes in 2003 , the company recognized a net favorable cumulative effect type adjustment of approximately $ 1 million from the adoption of sfas no .150 , accounting for certain financial instruments with characteristic of both liabilities and equity and sfas no .143 .long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable .recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate .if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value .for the three fiscal years ended september 24 , 2005 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 5 of these notes to consolidated financial statements .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 performs its goodwill impairment tests on or about august 30 of each year .the company did not recognize any goodwill or intangible asset impairment charges in 2005 , 2004 , or 2003 .the company established reporting units based on its current reporting structure .for purposes of testing goodwill for .
|
excluding 2005 accretion expenses . what would the asset retirement liability equal as of september 24 2005?
|
11
|
{
"answer": "11",
"decimal": 11,
"type": "float"
}
| |
executive deferred compensation plan for the company 2019s executives and members of the board of directors , the company adopted the illumina , inc .deferred compensation plan ( the plan ) that became effective january 1 , 2008 .eligible participants can contribute up to 80% ( 80 % ) of their base salary and 100% ( 100 % ) of all other forms of compensation into the plan , including bonus , commission and director fees .the company has agreed to credit the participants 2019 contributions with earnings that reflect the performance of certain independent investment funds .on a discretionary basis , the company may also make employer contributions to participant accounts in any amount determined by the company .the vesting schedules of employer contributions are at the sole discretion of the compensation committee .however , all employer contributions shall become 100% ( 100 % ) vested upon the occurrence of the participant 2019s disability , death or retirement or a change in control of the company .the benefits under this plan are unsecured .participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment with the company for any reason or at a later date to comply with the restrictions of section 409a .as of december 28 , 2008 , no employer contributions were made to the plan .in january 2008 , the company also established a rabbi trust for the benefit of its directors and executives under the plan .in accordance with fasb interpretation ( fin ) no .46 , consolidation of variable interest entities , an interpretation of arb no .51 , and eitf 97-14 , accounting for deferred compensation arrangements where amounts earned are held in a rabbi trust and invested , the company has included the assets of the rabbi trust in its consolidated balance sheet since the trust 2019s inception .as of december 28 , 2008 , the assets of the trust and liabilities of the company were $ 1.3 million .the assets and liabilities are classified as other assets and accrued liabilities , respectively , on the company 2019s balance sheet as of december 28 , 2008 .changes in the values of the assets held by the rabbi trust accrue to the company .14 .segment information , geographic data and significant customers during the first quarter of 2008 , the company reorganized its operating structure into a newly created life sciences business unit , which includes all products and services related to the research market , namely the beadarray , beadxpress and sequencing product lines .the company also created a diagnostics business unit to focus on the emerging opportunity in molecular diagnostics .for the year ended december 28 , 2008 , the company had limited activity related to the diagnostics business unit , and operating results were reported on an aggregate basis to the chief operating decision maker of the company , the chief executive officer .in accordance with sfas no .131 , disclosures about segments of an enterprise and related information , the company operated in one reportable segment for the year ended december 28 , 2008 .the company had revenue in the following regions for the years ended december 28 , 2008 , december 30 , 2007 and december 31 , 2006 ( in thousands ) : year ended december 28 , year ended december 30 , year ended december 31 .
[['', 'year ended december 28 2008', 'year ended december 30 2007', 'year ended december 31 2006'], ['united states', '$ 280064', '$ 207692', '$ 103043'], ['united kingdom', '67973', '34196', '22840'], ['other european countries', '127397', '75360', '32600'], ['asia-pacific', '72740', '35155', '15070'], ['other markets', '25051', '14396', '11033'], ['total', '$ 573225', '$ 366799', '$ 184586']]
net revenues are attributable to geographic areas based on the region of destination .illumina , inc .notes to consolidated financial statements 2014 ( continued ) .
|
for the year ended december 28 , 2008 what was the percent of the united states revenues to the total
|
48.9%
|
{
"answer": "48.9%",
"decimal": 0.489,
"type": "percentage"
}
|
for the year ended december 28 , 2008 the total revenues were made of 48.9 % united states revenuers
|
table of contents 2022 rugby is a vertical retail format featuring an aspirational lifestyle collection of apparel and accessories for men and women .the brand is characterized by a youthful , preppy attitude which resonates throughout the line and the store experience .in addition to generating sales of our products , our worldwide full-price stores set , reinforce and capitalize on the image of our brands .our stores range in size from approximately 800 to over 38000 square feet .these full-price stores are situated in major upscale street locations and upscale regional malls , generally in large urban markets .we generally lease our stores for initial periods ranging from 5 to 10 years with renewal options .factory retail stores we extend our reach to additional consumer groups through our 191 polo ralph lauren factory stores worldwide .our factory stores are generally located in outlet centers .we generally lease our stores for initial periods ranging from 5 to 10 years with renewal options .during fiscal 2011 , we added 19 new polo ralph lauren factory stores , net , and assumed 2 factory stores in connection with the south korea licensed operations acquisition ( see 201crecent developments 201d for further discussion ) .we operated the following factory retail stores as of april 2 , 2011 : location ralph lauren .
[['location', 'polo ralph lauren'], ['united states', '140'], ['europe', '31'], ['asia ( a )', '20'], ['total', '191']]
( a ) includes japan , south korea , china , hong kong , indonesia , malaysia , the philippines , singapore , taiwan and thailand .2022 polo ralph lauren domestic factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances .ranging in size from approximately 2500 to 20000 square feet , with an average of approximately 9500 square feet , these stores are principally located in major outlet centers in 37 states and puerto rico .2022 europe factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances .ranging in size from approximately 2300 to 10500 square feet , with an average of approximately 6000 square feet , these stores are located in 11 countries , principally in major outlet centers .2022 asia factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories and fragrances .ranging in size from approximately 1000 to 12000 square feet , with an average of approximately 5000 square feet , these stores are primarily located throughout japan and in or near other major cities within the asia-pacific region , principally in major outlet centers .factory stores obtain products from our suppliers , our product licensing partners and our retail and e-commerce stores .concessions-based shop-within-shops in asia , the terms of trade for shop-within-shops are largely conducted on a concessions basis , whereby inventory continues to be owned by us ( not the department store ) until ultimate sale to the end consumer and the salespeople involved in the sales transaction are generally our employees .as of april 2 , 2011 , we had 510 concessions-based shop-within-shops at approximately 236 retail locations dedicated to our ralph lauren-branded products , primarily in asia , including 178 concessions-based shop-in-shops related to the south korea licensed operations acquisition .the size of our concessions-based shop-within-shops typically ranges from approximately 180 to 3600 square feet .we share in the cost of these shop-within-shops with our department store partners. .
|
what percentage of factory retail stores as of april 2 , 2011 is europe?
|
16%
|
{
"answer": "16%",
"decimal": 0.16,
"type": "percentage"
}
| |
table of contents the aggregate changes in the balance of gross unrecognized tax benefits , which excludes interest and penalties , for the three years ended september 25 , 2010 , is as follows ( in millions ) : the company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes .as of september 25 , 2010 and september 26 , 2009 , the total amount of gross interest and penalties accrued was $ 247 million and $ 291 million , respectively , which is classified as non-current liabilities in the consolidated balance sheets .in 2010 and 2009 , the company recognized an interest benefit of $ 43 million and interest expense of $ 64 million , respectively , in connection with tax matters .the company is subject to taxation and files income tax returns in the u.s .federal jurisdiction and in many state and foreign jurisdictions .for u.s .federal income tax purposes , all years prior to 2004 are closed .the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments .the company has contested certain of these adjustments through the irs appeals office .the irs is currently examining the years 2007 through 2009 .during the third quarter of 2010 , the company reached a tax settlement with the irs for the years 2002 through 2003 .in connection with the settlement , the company reduced its gross unrecognized tax benefits by $ 100 million and recognized a $ 52 million tax benefit in the third quarter of 2010 .in addition , the company is also subject to audits by state , local and foreign tax authorities .in major states and major foreign jurisdictions , the years subsequent to 1988 and 2001 , respectively , generally remain open and could be subject to examination by the taxing authorities .management believes that an adequate provision has been made for any adjustments that may result from tax examinations .however , the outcome of tax audits cannot be predicted with certainty .if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income tax in the period such resolution occurs .although timing of the resolution and/or closure of audits is not certain , the company does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next 12 months .note 7 2013 shareholders 2019 equity and stock-based compensation preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding .under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock .comprehensive income comprehensive income consists of two components , net income and other comprehensive income .other comprehensive income refers to revenue , expenses , gains and losses that under gaap are recorded as an element of shareholders 2019 equity but are excluded from net income .the company 2019s other comprehensive income consists .
[['', '2010', '2009', '2008'], ['beginning balance', '$ 971', '506', '$ 475'], ['increases related to tax positions taken during a prior year', '61', '341', '27'], ['decreases related to tax positions taken during a prior year', '-224 ( 224 )', '-24 ( 24 )', '-70 ( 70 )'], ['increases related to tax positions taken during the current year', '240', '151', '85'], ['decreases related to settlements with taxing authorities', '-102 ( 102 )', '0', '0'], ['decreases related to expiration of statute of limitations', '-3 ( 3 )', '-3 ( 3 )', '-11 ( 11 )'], ['ending balance', '$ 943', '$ 971', '$ 506']]
.
|
what was the smallest decrease related to expiration of statute of limitations for the three year period , in millions?
|
-11
|
{
"answer": "-11",
"decimal": -11,
"type": "float"
}
| |
utilized .in accordance with sfas no .144 , accounting for the impairment or disposal of long-lived assets , a non-cash impairment charge of $ 4.1 million was recorded in the second quarter of fiscal 2008 for the excess machinery .this charge is included as a separate line item in the company 2019s consolidated statement of operations .there was no change to useful lives and related depreciation expense of the remaining assets as the company believes these estimates are currently reflective of the period the assets will be used in operations .7 .warranties the company generally provides a one-year warranty on sequencing , genotyping and gene expression systems .at the time revenue is recognized , the company establishes an accrual for estimated warranty expenses associated with system sales .this expense is recorded as a component of cost of product revenue .estimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract .changes in the company 2019s reserve for product warranties from january 1 , 2006 through december 28 , 2008 are as follows ( in thousands ) : .
[['balance as of january 1 2006', '$ 751'], ['additions charged to cost of revenue', '1379'], ['repairs and replacements', '-1134 ( 1134 )'], ['balance as of december 31 2006', '996'], ['additions charged to cost of revenue', '4939'], ['repairs and replacements', '-2219 ( 2219 )'], ['balance as of december 30 2007', '3716'], ['additions charged to cost of revenue', '13044'], ['repairs and replacements', '-8557 ( 8557 )'], ['balance as of december 28 2008', '$ 8203']]
8 .convertible senior notes on february 16 , 2007 , the company issued $ 400.0 million principal amount of 0.625% ( 0.625 % ) convertible senior notes due 2014 ( the notes ) , which included the exercise of the initial purchasers 2019 option to purchase up to an additional $ 50.0 million aggregate principal amount of notes .the net proceeds from the offering , after deducting the initial purchasers 2019 discount and offering expenses , were $ 390.3 million .the company will pay 0.625% ( 0.625 % ) interest per annum on the principal amount of the notes , payable semi-annually in arrears in cash on february 15 and august 15 of each year .the company made interest payments of $ 1.3 million and $ 1.2 million on february 15 , 2008 and august 15 , 2008 , respectively .the notes mature on february 15 , the notes will be convertible into cash and , if applicable , shares of the company 2019s common stock , $ 0.01 par value per share , based on a conversion rate , subject to adjustment , of 45.8058 shares per $ 1000 principal amount of notes ( which represents a conversion price of $ 21.83 per share ) , only in the following circumstances and to the following extent : ( 1 ) during the five business-day period after any five consecutive trading period ( the measurement period ) in which the trading price per note for each day of such measurement period was less than 97% ( 97 % ) of the product of the last reported sale price of the company 2019s common stock and the conversion rate on each such day ; ( 2 ) during any calendar quarter after the calendar quarter ending march 30 , 2007 , if the last reported sale price of the company 2019s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately illumina , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what was the percentage change in the reserve for product warranties from december 30 2007 to december 28 2008?
|
121%
|
{
"answer": "121%",
"decimal": 1.21,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) future minimum rental receipts expected from customers under non-cancelable operating lease agreements in effect at december 31 , 2006 are as follows ( in thousands ) : year ending december 31 .
[['2007', '$ 1131677'], ['2008', '1127051'], ['2009', '1091778'], ['2010', '959828'], ['2011', '769028'], ['thereafter', '2305040'], ['total', '$ 7384402']]
legal and governmental proceedings related to review of stock option granting practices and related accounting 2014on may 18 , 2006 , the company received a letter of informal inquiry from the sec division of enforcement requesting documents related to company stock option grants and stock option practices .the inquiry is focused on stock options granted to senior management and members of the company 2019s board of directors during the period 1997 to the present .the company continues to cooperate with the sec to provide the requested information and documents .on may 19 , 2006 , the company received a subpoena from the united states attorney 2019s office for the eastern district of new york for records and information relating to its stock option granting practices .the subpoena requests materials related to certain stock options granted between 1995 and the present .the company continues to cooperate with the u.s .attorney 2019s office to provide the requested information and documents .on may 26 , 2006 , a securities class action was filed in united states district court for the district of massachusetts against the company and certain of its current officers by john s .greenebaum for monetary relief .specifically , the complaint names the company , james d .taiclet , jr .and bradley e .singer as defendants and alleges that the defendants violated federal securities laws in connection with public statements made relating to the company 2019s stock option practices and related accounting .the complaint asserts claims under sections 10 ( b ) and 20 ( a ) of the securities exchange act of 1934 , as amended ( exchange act ) and sec rule 10b-5 .in december 2006 , the court appointed the steamship trade association-international longshoreman 2019s association pension fund as the lead plaintiff .on may 24 , 2006 and june 14 , 2006 , two shareholder derivative lawsuits were filed in suffolk county superior court in massachusetts by eric johnston and robert l .garber , respectively .the lawsuits were filed against certain of the company 2019s current and former officers and directors for alleged breaches of fiduciary duties and unjust enrichment in connection with the company 2019s stock option granting practices .the lawsuits also name the company as a nominal defendant .the lawsuits seek to recover the damages sustained by the company and disgorgement of all profits received with respect to the alleged backdated stock options .in october 2006 , these two lawsuits were consolidated and transferred to the court 2019s business litigation session .on june 13 , 2006 , june 22 , 2006 and august 23 , 2006 , three shareholder derivative lawsuits were filed in united states district court for the district of massachusetts by new south wales treasury corporation , as trustee for the alpha international managers trust , frank c .kalil and don holland , and leslie cramer , respectively .the lawsuits were filed against certain of the company 2019s current and former officers and directors for alleged breaches of fiduciary duties , waste of corporate assets , gross mismanagement and unjust enrichment in connection with the company 2019s stock option granting practices .the lawsuits also name the company as a nominal defendant .in december 2006 , the court consolidated these three lawsuits and appointed new south wales treasury corporation as the lead plaintiff .on february 9 , 2007 , the plaintiffs filed a consolidated .
|
what portion of the total future minimum rental receipts is expected to be collected in the next 24 months?
|
30.6%
|
{
"answer": "30.6%",
"decimal": 0.306,
"type": "percentage"
}
| |
masco corporation notes to consolidated financial statements ( continued ) t .other commitments and contingencies litigation .we are subject to claims , charges , litigation and other proceedings in the ordinary course of our business , including those arising from or related to contractual matters , intellectual property , personal injury , environmental matters , product liability , construction defect , insurance coverage , personnel and employment disputes and other matters , including class actions .we believe we have adequate defenses in these matters and that the outcome of these matters is not likely to have a material adverse effect on us .however , there is no assurance that we will prevail in these matters , and we could in the future incur judgments , enter into settlements of claims or revise our expectations regarding the outcome of these matters , which could materially impact our results of operations .in july 2012 , the company reached a settlement agreement related to the columbus drywall litigation .the company and its insulation installation companies named in the suit agreed to pay $ 75 million in return for dismissal with prejudice and full release of all claims .the company and its insulation installation companies continue to deny that the challenged conduct was unlawful and admit no wrongdoing as part of the settlement .a settlement was reached to eliminate the considerable expense and uncertainty of this lawsuit .the company recorded the settlement expense in the second quarter of 2012 and the amount was paid in the fourth quarter of 2012 .warranty .at the time of sale , the company accrues a warranty liability for the estimated cost to provide products , parts or services to repair or replace products in satisfaction of warranty obligations .during the third quarter of 2012 , a business in the other specialty products segment recorded a $ 12 million increase in expected future warranty claims resulting from the completion of an analysis prepared by the company based upon its periodic assessment of recent business unit specific operating trends including , among others , home ownership demographics , sales volumes , manufacturing quality , an analysis of recent warranty claim activity and an estimate of current costs to service anticipated claims .changes in the company 2019s warranty liability were as follows , in millions: .
[['', '2012', '2011'], ['balance at january 1', '$ 102', '$ 107'], ['accruals for warranties issued during the year', '42', '28'], ['accruals related to pre-existing warranties', '16', '8'], ['settlements made ( in cash or kind ) during the year', '-38 ( 38 )', '-38 ( 38 )'], ['other net ( including currency translation )', '-4 ( 4 )', '-3 ( 3 )'], ['balance at december 31', '$ 118', '$ 102']]
investments .with respect to the company 2019s investments in private equity funds , the company had , at december 31 , 2012 , commitments to contribute up to $ 19 million of additional capital to such funds representing the company 2019s aggregate capital commitment to such funds less capital contributions made to date .the company is contractually obligated to make additional capital contributions to certain of its private equity funds upon receipt of a capital call from the private equity fund .the company has no control over when or if the capital calls will occur .capital calls are funded in cash and generally result in an increase in the carrying value of the company 2019s investment in the private equity fund when paid. .
|
what was the percentage change in the company's warranty liability from 2011 to 2012?
|
16%
|
{
"answer": "16%",
"decimal": 0.16,
"type": "percentage"
}
| |
in the fourth quarter of 2002 , aes lost voting control of one of the holding companies in the cemig ownership structure .this holding company indirectly owns the shares related to the cemig investment and indirectly holds the project financing debt related to cemig .as a result of the loss of voting control , aes stopped consolidating this holding company at december 31 , 2002 .other .during the fourth quarter of 2003 , the company sold its 25% ( 25 % ) ownership interest in medway power limited ( 2018 2018mpl 2019 2019 ) , a 688 mw natural gas-fired combined cycle facility located in the united kingdom , and aes medway operations limited ( 2018 2018aesmo 2019 2019 ) , the operating company for the facility , in an aggregate transaction valued at approximately a347 million ( $ 78 million ) .the sale resulted in a gain of $ 23 million which was recorded in continuing operations .mpl and aesmo were previously reported in the contract generation segment .in the second quarter of 2002 , the company sold its investment in empresa de infovias s.a .( 2018 2018infovias 2019 2019 ) , a telecommunications company in brazil , for proceeds of $ 31 million to cemig , an affiliated company .the loss recorded on the sale was approximately $ 14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations .in the second quarter of 2002 , the company recorded an impairment charge of approximately $ 40 million , after income taxes , on an equity method investment in a telecommunications company in latin america held by edc .the impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company .during 2001 , the company lost operational control of central electricity supply corporation ( 2018 2018cesco 2019 2019 ) , a distribution company located in the state of orissa , india .the state of orissa appointed an administrator to take operational control of cesco .cesco is accounted for as a cost method investment .aes 2019s investment in cesco is negative .in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas for approximately $ 40 million .the company acquired an additional 16.79% ( 16.79 % ) of songas for approximately $ 12.5 million , and the company began consolidating this entity in 2002 .songas owns the songo songo gas-to-electricity project in tanzania .in december 2002 , the company signed a sales purchase agreement to sell 100% ( 100 % ) of our ownership interest in songas .the sale of songas closed in april 2003 ( see note 4 for further discussion of the transaction ) .the following tables present summarized comparative financial information ( in millions ) of the entities in which the company has the ability to exercise significant influence but does not control and that are accounted for using the equity method. .
[['as of and for the years ended december 31,', '2003', '2002 ( 1 )', '2001 ( 1 )'], ['revenues', '$ 2758', '$ 2832', '$ 6147'], ['operating income', '1039', '695', '1717'], ['net income', '407', '229', '650'], ['current assets', '1347', '1097', '3700'], ['noncurrent assets', '7479', '6751', '14942'], ['current liabilities', '1434', '1418', '3510'], ['noncurrent liabilities', '3795', '3349', '8297'], ["stockholder's equity", '3597', '3081', '6835']]
( 1 ) includes information pertaining to eletropaulo and light prior to february 2002 .in 2002 and 2001 , the results of operations and the financial position of cemig were negatively impacted by the devaluation of the brazilian real and the impairment charge recorded in 2002 .the brazilian real devalued 32% ( 32 % ) and 19% ( 19 % ) for the years ended december 31 , 2002 and 2001 , respectively. .
|
what was the percentage change in operating income for entities in which the company has the ability to exercise significant influence but does not control and that are accounted for using the equity method between 2001 and 2002?
|
-60%
|
{
"answer": "-60%",
"decimal": -0.6,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 2003 were $ 10.08 , $ 7.05 , and $ 6.32 per share , respectively .key assumptions used to apply this pricing model are as follows : july 1 , 2005 2013 december 31 , 2005 january 1 , 2005 2013 june 30 , 2005 2004 2003 .
[['', 'july 1 2005 2013 december 31 2005', 'january 1 2005 2013 june 30 2005', '2004', '2003'], ['approximate risk-free interest rate', '3.22% ( 3.22 % ) - 4.40% ( 4.40 % )', '4.17% ( 4.17 % ) - 4.40% ( 4.40 % )', '4.23% ( 4.23 % )', '4.00% ( 4.00 % )'], ['expected life of option grants', '6.25 years', '4 years', '4 years', '4 years'], ['expected volatility of underlying stock', '29.6% ( 29.6 % )', '75.3% ( 75.3 % ) - 79.2% ( 79.2 % )', '80.6% ( 80.6 % )', '86.6% ( 86.6 % )'], ['expected volatility of underlying stock ( atc mexico and atc south america plans )', 'n/a', 'n/a', 'n/a', 'n/a'], ['expected dividends', 'n/a', 'n/a', 'n/a', 'n/a']]
voluntary option exchanges 2014in february 2004 , the company issued to eligible employees 1032717 options with an exercise price of $ 11.19 per share , the fair market value of the class a common stock on the date of grant .these options were issued in connection with a voluntary option exchange program entered into by the company in august 2003 , pursuant to which the company accepted for surrender and cancelled options to purchase a total of 1831981 shares of its class a common stock having an exercise price of $ 10.25 or greater .the program , which was offered to both full and part-time employees , excluding the company 2019s executive officers and its directors , provided for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option .no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant atc mexico stock option plan 2014the company maintains a stock option plan in its atc mexico subsidiary ( atc mexico plan ) .the atc mexico plan provides for the issuance of options to officers , employees , directors and consultants of atc mexico .the atc mexico plan limits the number of shares of common stock which may be granted to an aggregate of 360 shares , subject to adjustment based on changes in atc mexico 2019s capital structure .during 2002 , atc mexico granted options to purchase 318 shares of atc mexico common stock to officers and employees .such options were issued at one time with an exercise price of $ 10000 per share .the exercise price per share was at fair market value as determined by the board of directors with the assistance of an independent appraisal performed at the company 2019s request .the fair value of atc mexico plan options granted during 2002 were $ 3611 per share as determined by using the black-scholes option pricing model .as described in note 11 , all outstanding options were exercised in march 2004 .no options under the atc mexico plan were outstanding as of december 31 , 2005 .( see note 11. ) atc south america stock option plan 2014the company maintains a stock option plan in its atc south america subsidiary ( atc south america plan ) .the atc south america plan provides for the issuance of options to officers , employees , directors and consultants of atc south america .the atc south america plan limits the number of shares of common stock which may be granted to an aggregate of 6144 shares , ( an approximate 10.3% ( 10.3 % ) interest on a fully-diluted basis ) , subject to adjustment based on changes in atc south america 2019s capital structure .during 2004 , atc south america granted options to purchase 6024 shares of atc south america common stock to officers and employees , including messrs .gearon and hess , who received options to purchase an approximate 6.7% ( 6.7 % ) and 1.6% ( 1.6 % ) interest , respectively .such options were issued at one time with an exercise price of $ 1349 per share .the exercise price per share was at fair market value on the date of issuance as determined by the board of directors with the assistance of an independent appraisal performed at the company 2019s request .the fair value of atc south america plan options granted during 2004 were $ 79 per share as determined by using the black-scholes option pricing model .options granted vest upon the earlier to occur of ( a ) the exercise by or on behalf of mr .gearon of his right to sell his interest in atc south america to the company , ( b ) the .
|
what are the total proceeds from the issuance of employee options during february 2004 , in millions?
|
11.6
|
{
"answer": "11.6",
"decimal": 11.6,
"type": "float"
}
| |
entergy mississippi , inc .management 2019s financial discussion and analysis the net wholesale revenue variance is primarily due to entergy mississippi 2019s exit from the system agreement in november 2015 .the reserve equalization revenue variance is primarily due to the absence of reserve equalization revenue as compared to the same period in 2015 resulting from entergy mississippi 2019s exit from the system agreement in november 2015 compared to 2014 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 2015 to 2014 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2014 net revenue', '$ 701.2'], ['volume/weather', '8.9'], ['retail electric price', '7.3'], ['net wholesale revenue', '-2.7 ( 2.7 )'], ['transmission equalization', '-5.4 ( 5.4 )'], ['reserve equalization', '-5.5 ( 5.5 )'], ['other', '-7.5 ( 7.5 )'], ['2015 net revenue', '$ 696.3']]
the volume/weather variance is primarily due to an increase of 86 gwh , or 1% ( 1 % ) , in billed electricity usage , including the effect of more favorable weather on residential and commercial sales .the retail electric price variance is primarily due to a $ 16 million net annual increase in revenues , effective february 2015 , as a result of the mpsc order in the june 2014 rate case and an increase in revenues collected through the energy efficiency rider , partially offset by a decrease in revenues collected through the storm damage rider .the rate case included the realignment of certain costs from collection in riders to base rates .see note 2 to the financial statements for a discussion of the rate case , the energy efficiency rider , and the storm damage rider .the net wholesale revenue variance is primarily due to a wholesale customer contract termination in october transmission equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively planning , constructing , and operating entergy 2019s bulk transmission facilities .the transmission equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy mississippi exited the system agreement in november 2015 .see note 2 to the financial statements for a discussion of the system agreement .reserve equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively maintaining adequate electric generating capacity across the entergy system .the reserve equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy .
|
how much cost would be passed on to customers over three years , in millions , due to the june 2014 rate case , the energy efficiency rider , and the storm damage rider?
|
48
|
{
"answer": "48",
"decimal": 48,
"type": "float"
}
| |
global brand concepts american living american living is the first brand developed under the newglobal brand concepts group .american living is a full lifestyle brand , featuring menswear , womenswear , childrenswear , accessories and home furnishings with a focus on timeless , authentic american classics for every day .american living is available exclusively at jcpenney in the u.s .and online at jcp.com .our wholesale segment our wholesale segment sells our products to leading upscale and certain mid-tier department stores , specialty stores and golf and pro shops , both domestically and internationally .we have focused on elevating our brand and improving productivity by reducing the number of unproductive doors within department stores in which our products are sold , improving in-store product assortment and presentation , and improving full-price sell-throughs to consumers .as of march 29 , 2008 , the end of fiscal 2008 , our products were sold through 10806 doors worldwide , and during fiscal 2008 , we invested approximately $ 49 million in shop-within-shops dedicated to our products primarily in domestic and international department stores .we have also effected selective price increases on basic products and introduced new fashion offerings at higher price points .department stores are our major wholesale customers in north america .in europe , our wholesale sales are a varying mix of sales to both department stores and specialty shops , depending on the country .our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label collection and black label 2014 are distributed through a limited number of premier fashion retailers .in addition , we sell excess and out- of-season products through secondary distribution channels , including our retail factory stores .in japan , our products are distributed primarily through shop-within-shops at premiere department stores .the mix of business is weighted to polo ralph lauren inmen 2019s andwomen 2019s blue label .the distribution of men 2019s and women 2019s black label is also expanding through shop-within-shop presentations in top tier department stores across japan .worldwide distribution channels the following table presents the approximate number of doors by geographic location , in which products distributed by our wholesale segment were sold to consumers as of march 29 , 2008 : location number of doors ( a ) .
[['location', 'number of doors ( a )'], ['united states and canada', '8611'], ['europe', '2075'], ['japan', '120'], ['total', '10806']]
( a ) in asia/pacific ( excluding japan ) , our products are distributed by our licensing partners .the following department store chains werewholesale customers whose purchases represented more than 10% ( 10 % ) of our worldwide wholesale net sales for the year ended march 29 , 2008 : 2022 macy 2019s , inc .( formerly known as federated department stores , inc. ) , which represented approximately 24% ( 24 % ) ; and 2022 dillard department stores , inc. , which represented approximately 12% ( 12 % ) .our product brands are sold primarily through their own sales forces .our wholesale segment maintains their primary showrooms in new york city .in addition , we maintain regional showrooms in atlanta , chicago , dallas , los angeles , milan , paris , london , munich , madrid and stockholm. .
|
what percentage of the wholesale segment as of march 29 , 2008 doors was in the united states and canada geography?
|
80%
|
{
"answer": "80%",
"decimal": 0.8,
"type": "percentage"
}
| |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis during periods in which we have significantly more positive net revenue days than net revenue loss days , we expect to have fewer var exceptions because , under normal conditions , our business model generally produces positive net revenues .in periods in which our franchise revenues are adversely affected , we generally have more loss days , resulting in more var exceptions .the daily net revenues for positions included in var used to determine var exceptions reflect the impact of any intraday activity , including bid/offer net revenues , which are more likely than not to be positive by their nature .sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure .other sensitivity measures we use to analyze market risk are described below .10% ( 10 % ) sensitivity measures .the table below presents market risk by asset category for positions accounted for at fair value , that are not included in var. .
[['$ in millions', 'as of december 2018', 'as of december 2017'], ['equity', '$ 1923', '$ 2096'], ['debt', '1890', '1606'], ['total', '$ 3813', '$ 3702']]
in the table above : 2030 the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the value of these positions .2030 equity positions relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds .2030 debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans .2030 funded equity and debt positions are included in our consolidated statements of financial condition in financial instruments owned .see note 6 to the consolidated financial statements for further information about cash instruments .2030 these measures do not reflect the diversification effect across asset categories or across other market risk measures .credit spread sensitivity on derivatives and financial liabilities .var excludes the impact of changes in counterparty and our own credit spreads on derivatives , as well as changes in our own credit spreads ( debt valuation adjustment ) on financial liabilities for which the fair value option was elected .the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million ( including hedges ) as of both december 2018 and december 2017 .in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 41 million as of december 2018 and $ 35 million as of december 2017 .however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those financial liabilities for which the fair value option was elected , as well as the relative performance of any hedges undertaken .interest rate sensitivity .loans receivable were $ 80.59 billion as of december 2018 and $ 65.93 billion as of december 2017 , substantially all of which had floating interest rates .the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 607 million as of december 2018 and $ 527 million as of december 2017 , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans .see note 9 to the consolidated financial statements for further information about loans receivable .other market risk considerations as of both december 2018 and december 2017 , we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group , inc .see note 18 to the consolidated financial statements for further information about such lending commitments .in addition , we make investments in securities that are accounted for as available-for-sale and included in financial instruments owned in the consolidated statements of financial condition .see note 6 to the consolidated financial statements for further information .we also make investments accounted for under the equity method and we also make direct investments in real estate , both of which are included in other assets .direct investments in real estate are accounted for at cost less accumulated depreciation .see note 13 to the consolidated financial statements for further information about other assets .92 goldman sachs 2018 form 10-k .
|
what is the debt-to-equity ratio in 2017?
|
0.77
|
{
"answer": "0.77",
"decimal": 0.77,
"type": "float"
}
| |
f0b7 positive train control 2013 in response to a legislative mandate to implement ptc by the end of 2015 , we expect to spend approximately $ 335 million during 2012 on developing and deploying ptc .we currently estimate that ptc in accordance with implementing rules issued by the federal rail administration ( fra ) will cost us approximately $ 2 billion by the end of 2015 .this includes costs for installing the new system along our tracks , upgrading locomotives to work with the new system , and adding digital data communication equipment so all the parts of the system can communicate with each other .during 2012 , we plan to continue testing the technology to evaluate its effectiveness .f0b7 financial expectations 2013 we are cautious about the economic environment but anticipate slow but steady volume growth that will exceed 2011 levels .coupled with price , on-going network improvements and operational productivity initiatives , we expect earnings that exceed 2011 earnings .results of operations operating revenues millions 2011 2010 2009 % ( % ) change 2011 v 2010 % ( % ) change 2010 v 2009 .
[['millions', '2011', '2010', '2009', '% ( % ) change 2011 v 2010', '% ( % ) change 2010 v 2009'], ['freight revenues', '$ 18508', '$ 16069', '$ 13373', '15% ( 15 % )', '20% ( 20 % )'], ['other revenues', '1049', '896', '770', '17', '16'], ['total', '$ 19557', '$ 16965', '$ 14143', '15% ( 15 % )', '20% ( 20 % )']]
we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues for all six commodity groups increased during 2011 compared to 2010 , while volume increased in all except intermodal .increased demand in many market sectors , with particularly strong growth in chemical , industrial products , and automotive shipments for the year , generated the increases .arc increased 12% ( 12 % ) , driven by higher fuel cost recoveries and core pricing gains .fuel cost recoveries include fuel surcharge revenue and the impact of resetting the base fuel price for certain traffic , which is described below in more detail .higher fuel prices , volume growth , and new fuel surcharge provisions in renegotiated contracts all combined to increase revenues from fuel surcharges .freight revenues and volume levels for all six commodity groups increased during 2010 as a result of economic improvement in many market sectors .we experienced particularly strong volume growth in automotive , intermodal , and industrial products shipments .core pricing gains and higher fuel surcharges also increased freight revenues and drove a 6% ( 6 % ) improvement in arc .our fuel surcharge programs ( excluding index-based contract escalators that contain some provision for fuel ) generated freight revenues of $ 2.2 billion , $ 1.2 billion , and $ 605 million in 2011 , 2010 , and 2009 , respectively .higher fuel prices , volume growth , and new fuel surcharge provisions in contracts renegotiated during the year increased fuel surcharge amounts in 2011 and 2010 .furthermore , for certain periods during 2009 , fuel prices dropped below the base at which our mileage-based fuel surcharge begins , which resulted in no fuel surcharge recovery for associated shipments during those periods .additionally , fuel surcharge revenue is not entirely comparable to prior periods as we continue to convert portions of our non-regulated traffic to mileage-based fuel surcharge programs .in 2011 , other revenues increased from 2010 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services. .
|
fuel surcharge programs represented what share of revenue in 2011?
|
11.2%
|
{
"answer": "11.2%",
"decimal": 0.11199999999999999,
"type": "percentage"
}
| |
an average of 7.1 in 2000 .the top 100 largest clients used an average of 11.3 products in 2001 , up from an average of 11.2 in 2000 .state street benefits significantly from its ability to derive revenue from the transaction flows of clients .this occurs through the management of cash positions , including deposit balances and other short-term investment activities , using state street 2019s balance sheet capacity .significant foreign currency transaction volumes provide potential for foreign exchange trading revenue as well .fee revenue total operating fee revenuewas $ 2.8 billion in 2001 , compared to $ 2.7 billion in 2000 , an increase of 6% ( 6 % ) .adjusted for the formation of citistreet , the growth in fee revenue was 8% ( 8 % ) .growth in servicing fees of $ 199million , or 14% ( 14 % ) , was the primary contributor to the increase in fee revenue .this growth primarily reflects several large client wins installed starting in the latter half of 2000 and continuing throughout 2001 , and strength in fee revenue from securities lending .declines in equity market values worldwide offset some of the growth in servicing fees .management fees were down 5% ( 5 % ) , adjusted for the formation of citistreet , reflecting the decline in theworldwide equitymarkets .foreign exchange trading revenue was down 5% ( 5 % ) , reflecting lower currency volatility , and processing fees and other revenue was up 21% ( 21 % ) , primarily due to gains on the sales of investment securities .servicing and management fees are a function of several factors , including the mix and volume of assets under custody and assets under management , securities positions held , and portfolio transactions , as well as types of products and services used by clients .state street estimates , based on a study conducted in 2000 , that a 10% ( 10 % ) increase or decrease in worldwide equity values would cause a corresponding change in state street 2019s total revenue of approximately 2% ( 2 % ) .if bond values were to increase or decrease by 10% ( 10 % ) , state street would anticipate a corresponding change of approximately 1% ( 1 % ) in its total revenue .securities lending revenue in 2001 increased approximately 40% ( 40 % ) over 2000 .securities lending revenue is reflected in both servicing fees and management fees .securities lending revenue is a function of the volume of securities lent and interest rate spreads .while volumes increased in 2001 , the year-over-year increase is primarily due to wider interest rate spreads resulting from the unusual occurrence of eleven reductions in the u.s .federal funds target rate during 2001 .f e e r e v e n u e ( dollars in millions ) 2001 ( 1 ) 2000 1999 ( 2 ) change adjusted change 00-01 ( 3 ) .
[['( dollars in millions )', '2001 ( 1 )', '2000', '1999 ( 2 )', 'change 00-01', 'adjusted change 00-01 ( 3 )'], ['servicing fees', '$ 1624', '$ 1425', '$ 1170', '14% ( 14 % )', '14% ( 14 % )'], ['management fees', '511', '581', '600', '-12 ( 12 )', '-5 ( 5 )'], ['foreign exchange trading', '368', '387', '306', '-5 ( 5 )', '-5 ( 5 )'], ['processing fees and other', '329', '272', '236', '21', '21'], ['total fee revenue', '$ 2832', '$ 2665', '$ 2312', '6', '8']]
( 1 ) 2001 results exclude the write-off of state street 2019s total investment in bridge of $ 50 million ( 2 ) 1999 results exclude the one-time charge of $ 57 million related to the repositioning of the investment portfolio ( 3 ) 2000 results adjusted for the formation of citistreet 4 state street corporation .
|
what percent of the total fee revenue in 2001 was from servicing fees?
|
57%
|
{
"answer": "57%",
"decimal": 0.57,
"type": "percentage"
}
| |
notes to consolidated financial statements jpmorgan chase & co./2009 annual report 168 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statements of income for the years ended december 31 , 2009 , 2008 and 2007 , related to financial instru- ments held at these dates .year ended december 31 .
[['( in millions )', '2009', '2008', '2007'], ['loans retained', '$ -3550 ( 3550 )', '$ -1159 ( 1159 )', '$ -218 ( 218 )'], ['loans held-for-sale', '-389 ( 389 )', '-2728 ( 2728 )', '-502 ( 502 )'], ['total loans', '-3939 ( 3939 )', '-3887 ( 3887 )', '-720 ( 720 )'], ['other assets', '-104 ( 104 )', '-685 ( 685 )', '-161 ( 161 )'], ['accounts payable andother liabilities', '31', '-285 ( 285 )', '2'], ['total nonrecurringfairvalue gains/ ( losses )', '$ -4012 ( 4012 )', '$ -4857 ( 4857 )', '$ -879 ( 879 )']]
accounts payable and other liabilities 31 ( 285 ) 2 total nonrecurring fair value gains/ ( losses ) $ ( 4012 ) $ ( 4857 ) $ ( 879 ) in the above table , loans predominantly include : ( 1 ) write-downs of delinquent mortgage and home equity loans where impairment is based on the fair value of the underlying collateral ; and ( 2 ) the change in fair value for leveraged lending loans carried on the consolidated balance sheets at the lower of cost or fair value .accounts payable and other liabilities predominantly include the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 analysis level 3 assets ( including assets measured at fair value on a nonre- curring basis ) were 6% ( 6 % ) of total firm assets at both december 31 , 2009 and 2008 .level 3 assets were $ 130.4 billion at december 31 , 2009 , reflecting a decrease of $ 7.3 billion in 2009 , due to the following : 2022 a net decrease of $ 6.3 billion in gross derivative receivables , predominantly driven by the tightening of credit spreads .offset- ting a portion of the decrease were net transfers into level 3 dur- ing the year , most notably a transfer into level 3 of $ 41.3 billion of structured credit derivative receivables , and a transfer out of level 3 of $ 17.7 billion of single-name cds on abs .the fair value of the receivables transferred into level 3 during the year was $ 22.1 billion at december 31 , 2009 .the fair value of struc- tured credit derivative payables with a similar underlying risk profile to the previously noted receivables , that are also classified in level 3 , was $ 12.5 billion at december 31 , 2009 .these de- rivatives payables offset the receivables , as they are modeled and valued the same way with the same parameters and inputs as the assets .2022 a net decrease of $ 3.5 billion in loans , predominantly driven by sales of leveraged loans and transfers of similar loans to level 2 , due to increased price transparency for such assets .leveraged loans are typically classified as held-for-sale and measured at the lower of cost or fair value and , therefore , included in the nonre- curring fair value assets .2022 a net decrease of $ 6.3 billion in trading assets 2013 debt and equity instruments , primarily in loans and residential- and commercial- mbs , principally driven by sales and markdowns , and by sales and unwinds of structured transactions with hedge funds .the declines were partially offset by a transfer from level 2 to level 3 of certain structured notes reflecting lower liquidity and less pricing ob- servability , and also increases in the fair value of other abs .2022 a net increase of $ 6.1 billion in msrs , due to increases in the fair value of the asset , related primarily to market interest rate and other changes affecting the firm's estimate of future pre- payments , as well as sales in rfs of originated loans for which servicing rights were retained .these increases were offset par- tially by servicing portfolio runoff .2022 a net increase of $ 1.9 billion in accrued interest and accounts receivable related to increases in subordinated retained interests from the firm 2019s credit card securitization activities .gains and losses gains and losses included in the tables for 2009 and 2008 included : 2022 $ 11.4 billion of net losses on derivatives , primarily related to the tightening of credit spreads .2022 net losses on trading 2013debt and equity instruments of $ 671 million , consisting of $ 2.1 billion of losses , primarily related to residential and commercial loans and mbs , principally driven by markdowns and sales , partially offset by gains of $ 1.4 billion , reflecting increases in the fair value of other abs .( for a further discussion of the gains and losses on mortgage-related expo- sures , inclusive of risk management activities , see the 201cmort- gage-related exposures carried at fair value 201d discussion below. ) 2022 $ 5.8 billion of gains on msrs .2022 $ 1.4 billion of losses related to structured note liabilities , pre- dominantly due to volatility in the equity markets .2022 losses on trading-debt and equity instruments of approximately $ 12.8 billion , principally from mortgage-related transactions and auction-rate securities .2022 losses of $ 6.9 billion on msrs .2022 losses of approximately $ 3.9 billion on leveraged loans .2022 net gains of $ 4.6 billion related to derivatives , principally due to changes in credit spreads and rate curves .2022 gains of $ 4.5 billion related to structured notes , principally due to significant volatility in the fixed income , commodities and eq- uity markets .2022 private equity losses of $ 638 million .for further information on changes in the fair value of the msrs , see note 17 on pages 223 2013224 of this annual report. .
|
what was the increase observed in the accounts payable and other liabilities during the years 2008-2009 , in millions?
|
316
|
{
"answer": "316",
"decimal": 316,
"type": "float"
}
|
it is the difference between those values during 2008 and 2009 .
|
management anticipates that the effective tax rate in 2017 will be between 32% ( 32 % ) and 35% ( 35 % ) .however , business portfolio actions , changes in the current economic environment , tax legislation or rate changes , currency fluctuations , ability to realize deferred tax assets , movements in stock price impacting tax benefits or deficiencies on stock-based payment awards , and the results of operations in certain taxing jurisdictions may cause this estimated rate to fluctuate .segment information arconic 2019s operations consist of three worldwide reportable segments : global rolled products , engineered products and solutions , and transportation and construction solutions ( see below ) .segment performance under arconic 2019s management reporting system is evaluated based on a number of factors ; however , the primary measure of performance is the after-tax operating income ( atoi ) of each segment .certain items such as the impact of lifo inventory accounting ; metal price lag ( the timing difference created when the average price of metal sold differs from the average cost of the metal when purchased by the respective segment 2014generally when the price of metal increases , metal lag is favorable and when the price of metal decreases , metal lag is unfavorable ) ; interest expense ; noncontrolling interests ; corporate expense ( general administrative and selling expenses of operating the corporate headquarters and other global administrative facilities , along with depreciation and amortization on corporate-owned assets ) ; restructuring and other charges ; and other items , including intersegment profit eliminations , differences between tax rates applicable to the segments and the consolidated effective tax rate , and other nonoperating items such as foreign currency transaction gains/losses and interest income are excluded from segment atoi .atoi for all reportable segments totaled $ 1087 in 2016 , $ 986 in 2015 , and $ 983 in 2014 .the following information provides shipment , sales and atoi data for each reportable segment , as well as certain realized price data , for each of the three years in the period ended december 31 , 2016 .see note o to the consolidated financial statements in part ii item 8 of this form 10-k for additional information .beginning in the first quarter of 2017 , arconic 2019s segment reporting metric will change from atoi to adjusted ebitda .global rolled products ( 1 ) .
[['', '2016', '2015', '2014'], ['third-party aluminum shipments ( kmt )', '1339', '1375', '1598'], ['average realized price per metric ton of aluminum ( 2 )', '$ 3633', '$ 3820', '$ 3970'], ['third-party sales', '$ 4864', '$ 5253', '$ 6344'], ['intersegment sales', '118', '125', '185'], ['total sales', '$ 4982', '$ 5378', '$ 6529'], ['atoi', '$ 269', '$ 225', '$ 224']]
( 1 ) excludes the warrick , in rolling operations and the equity interest in the rolling mill at the joint venture in saudi arabia , both of which were previously part of the global rolled products segment but became part of alcoa corporation effective november 1 , 2016 .( 2 ) generally , average realized price per metric ton of aluminum includes two elements : a ) the price of metal ( the underlying base metal component based on quoted prices from the lme , plus a regional premium which represents the incremental price over the base lme component that is associated with physical delivery of metal to a particular region ) , and b ) the conversion price , which represents the incremental price over the metal price component that is associated with converting primary aluminum into sheet and plate .in this circumstance , the metal price component is a pass-through to this segment 2019s customers with limited exception ( e.g. , fixed-priced contracts , certain regional premiums ) .the global rolled products segment produces aluminum sheet and plate for a variety of end markets .sheet and plate is sold directly to customers and through distributors related to the aerospace , automotive , commercial transportation , packaging , building and construction , and industrial products ( mainly used in the production of machinery and equipment and consumer durables ) end markets .a small portion of this segment also produces aseptic foil for the packaging end market .while the customer base for flat-rolled products is large , a significant amount of sales of sheet .
|
what is the percentual growth of the global products' atoi concerning the total atoi for all segments during the years 2014-2015?
|
0.03%
|
{
"answer": "0.03%",
"decimal": 0.0003,
"type": "percentage"
}
|
it s the difference between the percentage of global products' atoi of each year .
|
eastman notes to the audited consolidated financial statements accumulated other comprehensive income ( loss ) ( dollars in millions ) cumulative translation adjustment unfunded additional minimum pension liability unrecognized loss and prior service cost , net of unrealized gains ( losses ) on cash flow hedges unrealized losses on investments accumulated comprehensive income ( loss ) balance at december 31 , 2004 155 ( 248 ) -- ( 8 ) ( 2 ) ( 103 ) .
[['( dollars in millions )', 'cumulative translation adjustment$', 'unfundedadditionalminimum pension liability$', 'unrecognized loss and prior service cost net of taxes$', 'unrealized gains ( losses ) on cash flow hedges$', 'unrealized losses on investments$', 'accumulated other comprehensive income ( loss ) $'], ['balance at december 31 2004', '155', '-248 ( 248 )', '--', '-8 ( 8 )', '-2 ( 2 )', '-103 ( 103 )'], ['period change', '-94 ( 94 )', '-7 ( 7 )', '--', '3', '1', '-97 ( 97 )'], ['balance at december 31 2005', '61', '-255 ( 255 )', '--', '-5 ( 5 )', '-1 ( 1 )', '-200 ( 200 )'], ['period change', '60', '48', '--', '-1 ( 1 )', '--', '107'], ['pre-sfas no . 158 balance at december 31 2006', '121', '-207 ( 207 )', '--', '-6 ( 6 )', '-1 ( 1 )', '-93 ( 93 )'], ['adjustments to apply sfas no . 158', '--', '207', '-288 ( 288 )', '--', '--', '-81 ( 81 )'], ['balance at december 31 2006', '121', '--', '-288 ( 288 )', '-6 ( 6 )', '-1 ( 1 )', '-174 ( 174 )']]
pre-sfas no .158 balance at december 31 , 2006 121 ( 207 ) -- ( 6 ) ( 1 ) ( 93 ) adjustments to apply sfas no .158 -- 207 ( 288 ) -- -- ( 81 ) balance at december 31 , 2006 121 -- ( 288 ) ( 6 ) ( 1 ) ( 174 ) except for cumulative translation adjustment , amounts of other comprehensive income ( loss ) are presented net of applicable taxes .because cumulative translation adjustment is considered a component of permanently invested , unremitted earnings of subsidiaries outside the united states , no taxes are provided on such amounts .15 .share-based compensation plans and awards 2002 omnibus long-term compensation plan eastman's 2002 omnibus long-term compensation plan provides for grants to employees of nonqualified stock options , incentive stock options , tandem and freestanding stock appreciation rights ( 201csar 2019s 201d ) , performance shares and various other stock and stock-based awards .the 2002 omnibus plan provides that options can be granted through may 2 , 2007 , for the purchase of eastman common stock at an option price not less than 100 percent of the per share fair market value on the date of the stock option's grant .there is a maximum of 7.5 million shares of common stock available for option grants and other awards during the term of the 2002 omnibus plan .director long-term compensation plan eastman's 2002 director long-term compensation plan provides for grants of nonqualified stock options and restricted shares to nonemployee members of the board of directors .shares of restricted stock are granted upon the first day of the directors' initial term of service and nonqualified stock options and shares of restricted stock are granted each year following the annual meeting of stockholders .the 2002 director plan provides that options can be granted through the later of may 1 , 2007 , or the date of the annual meeting of stockholders in 2007 for the purchase of eastman common stock at an option price not less than the stock's fair market value on the date of the grant. .
|
what is the percent change in cumulative translation adjustment between 2005 and 2006?
|
98.3%
|
{
"answer": "98.3%",
"decimal": 0.983,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) pro forma disclosure 2014the company has adopted the disclosure-only provisions of sfas no .123 , as amended by sfas no .148 , and has presented such disclosure in note 1 .the 201cfair value 201d of each option grant is estimated on the date of grant using the black-scholes option pricing model .the weighted average fair values of the company 2019s options granted during 2004 , 2003 and 2002 were $ 7.05 , $ 6.32 , and $ 2.23 per share , respectively .key assumptions used to apply this pricing model are as follows: .
[['', '2004', '2003', '2002'], ['approximate risk-free interest rate', '4.23% ( 4.23 % )', '4.00% ( 4.00 % )', '4.53% ( 4.53 % )'], ['expected life of option grants', '4 years', '4 years', '5 years'], ['expected volatility of underlying stock ( the company plan )', '80.6% ( 80.6 % )', '86.6% ( 86.6 % )', '92.3% ( 92.3 % )'], ['expected volatility of underlying stock ( atc mexico and atc south america plans )', 'n/a', 'n/a', 'n/a'], ['expected dividends', 'n/a', 'n/a', 'n/a']]
voluntary option exchanges 2014in february 2004 , the company issued to eligible employees 1032717 options with an exercise price of $ 11.19 per share , the fair market value of the class a common stock on the date of grant .these options were issued in connection with a voluntary option exchange program entered into by the company in august 2003 , where the company accepted for surrender and cancelled options ( having an exercise price of $ 10.25 or greater ) to purchase 1831981 shares of its class a common stock .the program , which was offered to both full and part-time employees , excluding the company 2019s executive officers and its directors , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option .no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date .in may 2002 , the company issued to eligible employees 2027612 options with an exercise price of $ 3.84 per share , the fair market value of the class a common stock on the date of grant .these options were issued in connection with a voluntary option exchange program entered into by the company in october 2001 , where the company accepted for surrender and cancelled options to purchase 3471211 shares of its class a common stock .the program , which was offered to both full and part-time employees , excluding most of the company 2019s executive officers , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option .no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date .atc mexico holding stock option plan 2014the company maintains a stock option plan in its atc mexico subsidiary ( atc mexico plan ) .the atc mexico plan provides for the issuance of options to officers , employees , directors and consultants of atc mexico .the atc mexico plan limits the number of shares of common stock which may be granted to an aggregate of 360 shares , subject to adjustment based on changes in atc mexico 2019s capital structure .during 2002 , atc mexico granted options to purchase 318 shares of atc mexico common stock to officers and employees .such options were issued at one time with an exercise price of $ 10000 per share .the exercise price per share was at fair market value as determined by the board of directors with the assistance of an independent appraisal performed at the company 2019s request .the fair value of atc mexico plan options granted during 2002 were $ 3611 per share as determined by using the black-scholes option pricing model .as described in note 10 , all outstanding options were exercised in march 2004 .no options under the atc mexico plan were granted in 2004 or 2003 , or exercised or cancelled in 2003 or 2002 , and no options were exercisable as of december 31 , 2003 or 2002 .( see note 10. ) .
|
what is the growth rate in weighted average fair values of the company 2019s options granted from 2002 to 2003?
|
183.4%
|
{
"answer": "183.4%",
"decimal": 1.834,
"type": "percentage"
}
| |
united parcel service , inc .and subsidiaries notes to consolidated financial statements floating-rate senior notes the floating-rate senior notes with principal amounts totaling $ 1.043 billion , bear interest at either one or three-month libor , less a spread ranging from 30 to 45 basis points .the average interest rate for 2017 and 2016 was 0.74% ( 0.74 % ) and 0.21% ( 0.21 % ) , respectively .these notes are callable at various times after 30 years at a stated percentage of par value , and putable by the note holders at various times after one year at a stated percentage of par value .the notes have maturities ranging from 2049 through 2067 .we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder .in march and november 2017 , we issued floating-rate senior notes in the principal amounts of $ 147 and $ 64 million , respectively , which are included in the $ 1.043 billion floating-rate senior notes described above .these notes will bear interest at three-month libor less 30 and 35 basis points , respectively and mature in 2067 .the remaining three floating-rate senior notes in the principal amounts of $ 350 , $ 400 and $ 500 million , bear interest at three-month libor , plus a spread ranging from 15 to 45 basis points .the average interest rate for 2017 and 2016 was 0.50% ( 0.50 % ) and 0.0% ( 0.0 % ) , respectively .these notes are not callable .the notes have maturities ranging from 2021 through 2023 .we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder .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 ) : .
[['', '2017', '2016'], ['vehicles', '$ 70', '$ 68'], ['aircraft', '2291', '2291'], ['buildings', '285', '190'], ['accumulated amortization', '-990 ( 990 )', '-896 ( 896 )'], ['property plant and equipment subject to capital leases', '$ 1656', '$ 1653']]
these capital lease obligations have principal payments due at various dates from 2018 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 2017 and 2016 were 0.83% ( 0.83 % ) and 0.37% ( 0.37 % ) , 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 2017 and 2016 were 0.80% ( 0.80 % ) and 0.36% ( 0.36 % ) , 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 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 2017 and 2016 was 0.78% ( 0.78 % ) and 0.40% ( 0.40 % ) , respectively. .
|
what was the percentage change in building under capital lease from 2016 to 2017?
|
50%
|
{
"answer": "50%",
"decimal": 0.5,
"type": "percentage"
}
| |
the goldman sachs group , inc .and subsidiaries notes to consolidated financial statements in connection with the firm 2019s prime brokerage and clearing businesses , the firm agrees to clear and settle on behalf of its clients the transactions entered into by them with other brokerage firms .the firm 2019s obligations in respect of such transactions are secured by the assets in the client 2019s account as well as any proceeds received from the transactions cleared and settled by the firm on behalf of the client .in connection with joint venture investments , the firm may issue loan guarantees under which it may be liable in the event of fraud , misappropriation , environmental liabilities and certain other matters involving the borrower .the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications .however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 .other representations , warranties and indemnifications .the firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties .the firm may also provide indemnifications protecting against changes in or adverse application of certain u.s .tax laws in connection with ordinary-course transactions such as securities issuances , borrowings or derivatives .in addition , the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld , due either to a change in or an adverse application of certain non-u.s .tax laws .these indemnifications generally are standard contractual terms and are entered into in the ordinary course of business .generally , there are no stated or notional amounts included in these indemnifications , and the contingencies triggering the obligation to indemnify are not expected to occur .the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications .however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these arrangements have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 .guarantees of subsidiaries .group inc .fully and unconditionally guarantees the securities issued by gs finance corp. , a wholly-owned finance subsidiary of the group inc .has guaranteed the payment obligations of goldman , sachs & co .( gs&co. ) and gs bank usa , subject to certain exceptions .in addition , group inc .guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by- transaction basis , as negotiated with counterparties .group inc .is unable to develop an estimate of the maximum payout under its subsidiary guarantees ; however , because these guaranteed obligations are also obligations of consolidated subsidiaries , group inc . 2019s liabilities as guarantor are not separately disclosed .note 19 .shareholders 2019 equity common equity dividends declared per common share were $ 2.60 in 2016 , $ 2.55 in 2015 and $ 2.25 in 2014 .on january 17 , 2017 , group inc .declared a dividend of $ 0.65 per common share to be paid on march 30 , 2017 to common shareholders of record on march 2 , 2017 .the firm 2019s share repurchase program is intended to help maintain the appropriate level of common equity .the share repurchase program is effected primarily through regular open-market purchases ( which may include repurchase plans designed to comply with rule 10b5-1 ) , the amounts and timing of which are determined primarily by the firm 2019s current and projected capital position , but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm 2019s common stock .prior to repurchasing common stock , the firm must receive confirmation that the federal reserve board does not object to such capital actions .the table below presents the amount of common stock repurchased by the firm under the share repurchase program. .
[['in millions except per share amounts', 'year ended december 2016', 'year ended december 2015', 'year ended december 2014'], ['common share repurchases', '36.6', '22.1', '31.8'], ['average cost per share', '$ 165.88', '$ 189.41', '$ 171.79'], ['total cost of common share repurchases', '$ 6069', '$ 4195', '$ 5469']]
172 goldman sachs 2016 form 10-k .
|
what was total shareholders 2019 equity common equity dividends declared per common share in 2016 , 2015 and 2014?
|
7.40
|
{
"answer": "7.40",
"decimal": 7.4,
"type": "float"
}
| |
mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the following table summarizes expected benefit payments through 2019 for the pension plans , including those payments expected to be paid from the company 2019s general assets .since the majority of the benefit payments are made in the form of lump-sum distributions , actual benefit payments may differ from expected benefit payments. .
[['2010', '$ 18181'], ['2011', '27090'], ['2012', '21548'], ['2013', '25513'], ['2014', '24002'], ['2015-2019', '128494']]
substantially all of the company 2019s u.s .employees are eligible to participate in a defined contribution savings plan ( the 201csavings plan 201d ) sponsored by the company .the savings plan allows employees to contribute a portion of their base compensation on a pre-tax and after-tax basis in accordance with specified guidelines .the company matches a percentage of employees 2019 contributions up to certain limits .in 2007 and prior years , the company could also contribute to the savings plan a discretionary profit sharing component linked to company performance during the prior year .beginning in 2008 , the discretionary profit sharing amount related to prior year company performance was paid directly to employees as a short-term cash incentive bonus rather than as a contribution to the savings plan .in addition , the company has several defined contribution plans outside of the united states .the company 2019s contribution expense related to all of its defined contribution plans was $ 40627 , $ 35341 and $ 26996 for 2009 , 2008 and 2007 , respectively .note 13 .postemployment and postretirement benefits the company maintains a postretirement plan ( the 201cpostretirement plan 201d ) providing health coverage and life insurance benefits for substantially all of its u.s .employees hired before july 1 , 2007 .the company amended the life insurance benefits under the postretirement plan effective january 1 , 2007 .the impact , net of taxes , of this amendment was an increase of $ 1715 to accumulated other comprehensive income in 2007 .in 2009 , the company recorded a $ 3944 benefit expense as a result of enhanced postretirement medical benefits under the postretirement plan provided to employees that chose to participate in a voluntary transition program. .
|
what is the average contribution expense related to all of its defined contribution plans for the years 2007-2009?
|
34321.3
|
{
"answer": "34321.3",
"decimal": 34321.3,
"type": "float"
}
|
it is the sum of all contribution expenses in these years divided by three .
|
entergy corporation and subsidiaries notes to financial statements amount ( in millions ) .
[['', 'amount ( in millions )'], ['plant ( including nuclear fuel )', '$ 727'], ['decommissioning trust funds', '252'], ['other assets', '41'], ['total assets acquired', '1020'], ['purchased power agreement ( below market )', '420'], ['decommissioning liability', '220'], ['other liabilities', '44'], ['total liabilities assumed', '684'], ['net assets acquired', '$ 336']]
subsequent to the closing , entergy received approximately $ 6 million from consumers energy company as part of the post-closing adjustment defined in the asset sale agreement .the post-closing adjustment amount resulted in an approximately $ 6 million reduction in plant and a corresponding reduction in other liabilities .for the ppa , which was at below-market prices at the time of the acquisition , non-utility nuclear will amortize a liability to revenue over the life of the agreement .the amount that will be amortized each period is based upon the difference between the present value calculated at the date of acquisition of each year's difference between revenue under the agreement and revenue based on estimated market prices .amounts amortized to revenue were $ 53 million in 2009 , $ 76 million in 2008 , and $ 50 million in 2007 .the amounts to be amortized to revenue for the next five years will be $ 46 million for 2010 , $ 43 million for 2011 , $ 17 million in 2012 , $ 18 million for 2013 , and $ 16 million for 2014 .nypa value sharing agreements non-utility nuclear's purchase of the fitzpatrick and indian point 3 plants from nypa included value sharing agreements with nypa .in october 2007 , non-utility nuclear and nypa amended and restated the value sharing agreements to clarify and amend certain provisions of the original terms .under the amended value sharing agreements , non-utility nuclear will make annual payments to nypa based on the generation output of the indian point 3 and fitzpatrick plants from january 2007 through december 2014 .non-utility nuclear will pay nypa $ 6.59 per mwh for power sold from indian point 3 , up to an annual cap of $ 48 million , and $ 3.91 per mwh for power sold from fitzpatrick , up to an annual cap of $ 24 million .the annual payment for each year's output is due by january 15 of the following year .non-utility nuclear will record its liability for payments to nypa as power is generated and sold by indian point 3 and fitzpatrick .an amount equal to the liability will be recorded to the plant asset account as contingent purchase price consideration for the plants .in 2009 , 2008 , and 2007 , non-utility nuclear recorded $ 72 million as plant for generation during each of those years .this amount will be depreciated over the expected remaining useful life of the plants .in august 2008 , non-utility nuclear entered into a resolution of a dispute with nypa over the applicability of the value sharing agreements to its fitzpatrick and indian point 3 nuclear power plants after the planned spin-off of the non-utility nuclear business .under the resolution , non-utility nuclear agreed not to treat the separation as a "cessation event" that would terminate its obligation to make the payments under the value sharing agreements .as a result , after the spin-off transaction , enexus will continue to be obligated to make payments to nypa under the amended and restated value sharing agreements. .
|
what was the total debt to the assets of the items acquired
|
0.67
|
{
"answer": "0.67",
"decimal": 0.67,
"type": "float"
}
| |
at december 31 , 2009 , aon had domestic federal operating loss carryforwards of $ 7 million that will expire at various dates from 2010 to 2024 , state operating loss carryforwards of $ 513 million that will expire at various dates from 2010 to 2028 , and foreign operating and capital loss carryforwards of $ 453 million and $ 252 million , respectively , nearly all of which are subject to indefinite carryforward .unrecognized tax benefits the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : .
[['', '2009', '2008'], ['balance at january 1', '$ 86', '$ 70'], ['additions based on tax positions related to the current year', '2', '5'], ['additions for tax positions of prior years', '5', '12'], ['reductions for tax positions of prior years', '-11 ( 11 )', '-11 ( 11 )'], ['settlements', '-10 ( 10 )', '-4 ( 4 )'], ['lapse of statute of limitations', '-3 ( 3 )', '-1 ( 1 )'], ['acquisitions', '6', '21'], ['foreign currency translation', '2', '-6 ( 6 )'], ['balance at december 31', '$ 77', '$ 86']]
as of december 31 , 2009 , $ 61 million of unrecognized tax benefits would impact the effective tax rate if recognized .aon does not expect the unrecognized tax positions to change significantly over the next twelve months .the company recognizes penalties and interest related to unrecognized income tax benefits in its provision for income taxes .aon accrued potential penalties of less than $ 1 million during each of 2009 , 2008 and 2007 .aon accrued interest of $ 2 million during 2009 and less than $ 1 million during both 2008 and 2007 .as of december 31 , 2009 and 2008 , aon has recorded a liability for penalties of $ 5 million and $ 4 million , respectively , and for interest of $ 18 million and $ 14 million , respectively .aon and its subsidiaries file income tax returns in the u.s .federal jurisdiction as well as various state and international jurisdictions .aon has substantially concluded all u.s .federal income tax matters for years through 2006 .material u.s .state and local income tax jurisdiction examinations have been concluded for years through 2002 .aon has concluded income tax examinations in its primary international jurisdictions through 2002. .
|
considering the years 2008 and 2009 , what is the variation observed in the foreign currency translation , in millions?
|
8
|
{
"answer": "8",
"decimal": 8,
"type": "float"
}
|
it is the difference between those values .
|
item 7a .quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .the majority of our debt ( approximately 93% ( 93 % ) and 91% ( 91 % ) as of december 31 , 2012 and 2011 , respectively ) bears interest at fixed rates .we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
[['as of december 31,', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates'], ['2012', '$ -27.5 ( 27.5 )', '$ 28.4'], ['2011', '-7.4 ( 7.4 )', '7.7']]
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .during 2012 , we entered into and exited forward-starting interest rate swap agreements to effectively lock in the benchmark rate related to our 3.75% ( 3.75 % ) senior notes due 2023 , which we issued in november 2012 .we do not have any interest rate swaps outstanding as of december 31 , 2012 .we had $ 2590.8 of cash , cash equivalents and marketable securities as of december 31 , 2012 that we generally invest in conservative , short-term investment-grade securities .the interest income generated from these investments is subject to both domestic and foreign interest rate movements .during 2012 and 2011 , we had interest income of $ 29.5 and $ 37.8 , respectively .based on our 2012 results , a 100 basis point increase or decrease in interest rates would affect our interest income by approximately $ 26.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2012 levels .foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .since we report revenues and expenses in u.s .dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .dollars ) from foreign operations .the primary foreign currencies that impacted our results during 2012 were the brazilian real , euro , indian rupee and the south african rand .based on 2012 exchange rates and operating results , if the u.s .dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase between 3% ( 3 % ) and 5% ( 5 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2012 levels .the functional currency of our foreign operations is generally their respective local currency .assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .however , certain subsidiaries may enter into transactions in currencies other than their functional currency .assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. .
|
what was the ratio of the 10% ( 10 % ) increase/ ( decrease ) in interest rates to the in fair market value as of december 312012
|
1.03
|
{
"answer": "1.03",
"decimal": 1.03,
"type": "float"
}
| |
39 annual report 2010 duke realty corporation | | related party transactions we provide property and asset management , leasing , construction and other tenant related services to unconsolidated companies in which we have equity interests .for the years ended december 31 , 2010 , 2009 and 2008 , respectively , we earned management fees of $ 7.6 million , $ 8.4 million and $ 7.8 million , leasing fees of $ 2.7 million , $ 4.2 million and $ 2.8 million and construction and development fees of $ 10.3 million , $ 10.2 million and $ 12.7 million from these companies .we recorded these fees based on contractual terms that approximate market rates for these types of services , and we have eliminated our ownership percentages of these fees in the consolidated financial statements .commitments and contingencies we have guaranteed the repayment of $ 95.4 million of economic development bonds issued by various municipalities in connection with certain commercial developments .we will be required to make payments under our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond debt service .management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees .we also have guaranteed the repayment of secured and unsecured loans of six of our unconsolidated subsidiaries .at december 31 , 2010 , the maximum guarantee exposure for these loans was approximately $ 245.4 million .with the exception of the guarantee of the debt of 3630 peachtree joint venture , for which we recorded a contingent liability in 2009 of $ 36.3 million , management believes it probable that we will not be required to satisfy these guarantees .we lease certain land positions with terms extending to december 2080 , with a total obligation of $ 103.6 million .no payments on these ground leases are material in any individual year .we are subject to various legal proceedings and claims that arise in the ordinary course of business .in the opinion of management , the amount of any ultimate liability with respect to these actions will not materially affect our consolidated financial statements or results of operations .contractual obligations at december 31 , 2010 , we were subject to certain contractual payment obligations as described in the table below: .
[['contractual obligations', 'payments due by period ( in thousands ) total', 'payments due by period ( in thousands ) 2011', 'payments due by period ( in thousands ) 2012', 'payments due by period ( in thousands ) 2013', 'payments due by period ( in thousands ) 2014', 'payments due by period ( in thousands ) 2015', 'payments due by period ( in thousands ) thereafter'], ['long-term debt ( 1 )', '$ 5413606', '$ 629781', '$ 548966', '$ 725060', '$ 498912', '$ 473417', '$ 2537470'], ['lines of credit ( 2 )', '214225', '28046', '9604', '176575', '-', '-', '-'], ['share of debt of unconsolidated joint ventures ( 3 )', '447573', '87602', '27169', '93663', '34854', '65847', '138438'], ['ground leases', '103563', '2199', '2198', '2169', '2192', '2202', '92603'], ['operating leases', '2704', '840', '419', '395', '380', '370', '300'], ['development and construction backlog costs ( 4 )', '521041', '476314', '44727', '-', '-', '-', '-'], ['other', '1967', '1015', '398', '229', '90', '54', '181'], ['total contractual obligations', '$ 6704679', '$ 1225797', '$ 633481', '$ 998091', '$ 536428', '$ 541890', '$ 2768992']]
( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest .interest expense for variable rate debt was calculated using the interest rates as of december 31 , 2010 .( 2 ) our unsecured lines of credit consist of an operating line of credit that matures february 2013 and the line of credit of a consolidated subsidiary that matures july 2011 .interest expense for our unsecured lines of credit was calculated using the most recent stated interest rates that were in effect .( 3 ) our share of unconsolidated joint venture debt includes both principal and interest .interest expense for variable rate debt was calculated using the interest rate at december 31 , 2010 .( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects. .
|
what is the total long-term debt as a percentage of total contractual obligations?
|
80.7%
|
{
"answer": "80.7%",
"decimal": 0.807,
"type": "percentage"
}
| |
the diluted earnings per share calculation excludes stock options , sars , restricted stock and units and performance units and stock that were anti-dilutive .shares underlying the excluded stock options and sars totaled 2.6 million , 10.3 million and 10.2 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .for the year ended december 31 , 2016 , 4.5 million shares of restricted stock and restricted stock units and performance units and performance stock were excluded .10 .supplemental cash flow information net cash paid for interest and income taxes was as follows for the years ended december 31 , 2017 , 2016 and 2015 ( in thousands ) : .
[['', '2017', '2016', '2015'], ['interest net of capitalized interest', '$ 275305', '$ 252030', '$ 222088'], ['income taxes net of refunds received', '$ 188946', '$ -39293 ( 39293 )', '$ 41108']]
eog's accrued capital expenditures at december 31 , 2017 , 2016 and 2015 were $ 475 million , $ 388 million and $ 416 million , respectively .non-cash investing activities for the year ended december 31 , 2017 included non-cash additions of $ 282 million to eog's oil and gas properties as a result of property exchanges .non-cash investing activities for the year ended december 31 , 2016 included $ 3834 million in non-cash additions to eog's oil and gas properties related to the yates transaction ( see note 17 ) .11 .business segment information eog's operations are all crude oil and natural gas exploration and production related .the segment reporting topic of the asc establishes standards for reporting information about operating segments in annual financial statements .operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker , or decision-making group , in deciding how to allocate resources and in assessing performance .eog's chief operating decision-making process is informal and involves the chairman of the board and chief executive officer and other key officers .this group routinely reviews and makes operating decisions related to significant issues associated with each of eog's major producing areas in the united states , trinidad , the united kingdom and china .for segment reporting purposes , the chief operating decision maker considers the major united states producing areas to be one operating segment. .
|
what is the increase observed in accrued capital expenditures during 2016 and 2017?
|
22.42%
|
{
"answer": "22.42%",
"decimal": 0.2242,
"type": "percentage"
}
|
it is the value of accrued capital expenditures in 2017 divided by the 2016's , then turned into a percentage to represent the increase .
|
notes to consolidated financial statements 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 $ 27.51 billion and $ 29.24 billion as of december 2014 and december 2013 , 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 and $ 870 million of protection had been provided as of december 2014 and december 2013 , 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 corporate loans and commercial mortgage 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 of $ 5.16 billion and $ 7.12 billion as of december 2014 and december 2013 , respectively , include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages .of these amounts , $ 2.87 billion and $ 5.48 billion as of december 2014 and december 2013 , respectively , relate 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 , principally 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 2014 .
[['$ in millions', 'as of december 2014'], ['2015', '$ 321'], ['2016', '292'], ['2017', '274'], ['2018', '226'], ['2019', '190'], ['2020 - thereafter', '870'], ['total', '$ 2173']]
rent charged to operating expense was $ 309 million for 2014 , $ 324 million for 2013 and $ 374 million for 2012 .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 .goldman sachs 2014 annual report 165 .
|
what percentage of future minimum rental payments is due after 2019?
|
40%
|
{
"answer": "40%",
"decimal": 0.4,
"type": "percentage"
}
| |
performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 25 , 2009 through october 26 , 2014 .this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period .the comparison assumes $ 100 was invested on october 25 , 2009 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any .dollar amounts in the graph are rounded to the nearest whole dollar .the performance shown in the graph represents past performance and should not be considered an indication of future performance .comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. .
[['', '10/25/2009', '10/31/2010', '10/30/2011', '10/28/2012', '10/27/2013', '10/26/2014'], ['applied materials', '100.00', '97.43', '101.85', '88.54', '151.43', '183.29'], ['s&p 500 index', '100.00', '116.52', '125.94', '145.09', '184.52', '216.39'], ['rdg semiconductor composite index', '100.00', '121.00', '132.42', '124.95', '163.20', '207.93']]
dividends during fiscal 2014 , applied 2019s board of directors declared four quarterly cash dividends of $ 0.10 per share each .during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share .during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.09 per share each and one quarterly cash dividend of $ 0.08 .dividends declared during fiscal 2014 , 2013 and 2012 totaled $ 487 million , $ 469 million and $ 438 million , respectively .applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders .$ 100 invested on 10/25/09 in stock or 10/31/09 in index , including reinvestment of dividends .indexes calculated on month-end basis .and the rdg semiconductor composite index 183145 97 102 121 132 10/25/09 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 applied materials , inc .s&p 500 rdg semiconductor composite .
|
how much more return was given for investing in the overall market rather than applied materials from 2009 to 2014 ? ( in a percentage )
|
33.1%
|
{
"answer": "33.1%",
"decimal": 0.331,
"type": "percentage"
}
|
to figure out the percentage return , we need to find out how much each one grew over the years first . one can do this by subtracting by 100 and making that number a percentage because we started at 100 . then we subtract the two percentages to find out how much more return one stock gave us .
|
intel corporation notes to consolidated financial statements ( continued ) the aggregate fair value of awards that vested in 2015 was $ 1.5 billion ( $ 1.1 billion in 2014 and $ 1.0 billion in 2013 ) , which represents the market value of our common stock on the date that the rsus vested .the grant-date fair value of awards that vested in 2015 was $ 1.1 billion ( $ 949 million in 2014 and $ 899 million in 2013 ) .the number of rsus vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements .rsus that are expected to vest are net of estimated future forfeitures .as of december 26 , 2015 , there was $ 1.8 billion in unrecognized compensation costs related to rsus granted under our equity incentive plans .we expect to recognize those costs over a weighted average period of 1.2 years .stock option awards as of december 26 , 2015 , options outstanding that have vested and are expected to vest were as follows : number of options ( in millions ) weighted average exercise weighted average remaining contractual ( in years ) aggregate intrinsic ( in millions ) .
[['', 'number ofoptions ( in millions )', 'weightedaverageexerciseprice', 'weightedaverageremainingcontractualterm ( in years )', 'aggregateintrinsicvalue ( in millions )'], ['vested', '43.8', '$ 21.07', '1.8', '$ 609'], ['expected to vest', '9.6', '$ 24.07', '4.1', '$ 104'], ['total', '53.4', '$ 21.61', '2.2', '$ 713']]
aggregate intrinsic value represents the difference between the exercise price and $ 34.98 , the closing price of our common stock on december 24 , 2015 , as reported on the nasdaq global select market , for all in-the-money options outstanding .options outstanding that are expected to vest are net of estimated future option forfeitures .options with a fair value of $ 42 million completed vesting in 2015 ( $ 68 million in 2014 and $ 186 million in 2013 ) .as of december 26 , 2015 , there was $ 13 million in unrecognized compensation costs related to stock options granted under our equity incentive plans .we expect to recognize those costs over a weighted average period of approximately eight months. .
|
as of december 26 , 2015 , what was the expected unrecognized compensation costs to be recognized per year in billions
|
1.5
|
{
"answer": "1.5",
"decimal": 1.5,
"type": "float"
}
|
as of december 26 , 2015 , the company expected 1.5 billion of unrecognized compensation costs to be recognized per year
|
in 2017 , cash flows provided by operations increased $ 160 million , primarily due to an increase in net income after non-cash adjustments , including the impact of the enactment of the tcja , and an increase in cash flows from working capital .the main factors contributing to the net income increase are described in the 201cconsolidated results of operations 201d section and include higher operating revenues , partially offset by higher income taxes due to a $ 125 million re-measurement charge resulting from the impact of the change in the federal tax rate on the company 2019s deferred income taxes from the enactment of the tcja .the increase in non-cash activities was mainly attributable to the increase in deferred income taxes , as mentioned above , and an increase in depreciation and amortization due to additional utility plant placed in service .the change in working capital was principally due to ( i ) the timing of accounts payable and accrued liabilities , including the accrual recorded during 2016 for the binding global agreement in principle to settle claims associated with the freedom industries chemical spill in west virginia , ( ii ) a decrease in unbilled revenues as a result of our military services group achieving significant capital project milestones during 2016 , and ( iii ) a change in other current assets and liabilities , including the decrease in other current assets associated with the termination of our four forward starting swap agreements and timing of payments clearing our cash accounts .the company expects to make pension contributions to the plan trusts of up to $ 31 million in 2019 .in addition , we estimate that contributions will amount to $ 32 million , $ 29 million , $ 29 million and $ 29 million in 2020 , 2021 , 2022 and 2023 , respectively .actual amounts contributed could change materially from these estimates as a result of changes in assumptions and actual investment returns , among other factors .cash flows used in investing activities the following table provides a summary of the major items affecting our cash flows used in investing activities: .
[['( in millions )', 'for the years ended december 31 , 2018', 'for the years ended december 31 , 2017', 'for the years ended december 31 , 2016'], ['net capital expenditures', '$ -1586 ( 1586 )', '$ -1434 ( 1434 )', '$ -1311 ( 1311 )'], ['acquisitions', '-398 ( 398 )', '-177 ( 177 )', '-204 ( 204 )'], ['other investing activities net ( a )', '-52 ( 52 )', '-61 ( 61 )', '-75 ( 75 )'], ['net cash flows used in investing activities', '$ -2036 ( 2036 )', '$ -1672 ( 1672 )', '$ -1590 ( 1590 )']]
( a ) includes removal costs from property , plant and equipment retirements and proceeds from sale of assets .in 2018 and 2017 , cash flows used in investing activities increased primarily due to an increase in our regulated capital expenditures , principally from incremental investments associated with the replacement and renewal of our transmission and distribution infrastructure in our regulated businesses , as well as acquisitions in both our regulated businesses and market-based businesses , as discussed below .our infrastructure investment plan consists of both infrastructure renewal programs , where we replace infrastructure , as needed , and major capital investment projects , where we construct new water and wastewater treatment and delivery facilities to meet new customer growth and water quality regulations .our projected capital expenditures and other investments are subject to periodic review and revision to reflect changes in economic conditions and other factors. .
|
what were total net capital expenditures in millions for the three year period\\n?
|
-4331
|
{
"answer": "-4331",
"decimal": -4331,
"type": "float"
}
| |
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 is the growth rate in the average price paid per share from 2012 to 2013?
|
26.9%
|
{
"answer": "26.9%",
"decimal": 0.26899999999999996,
"type": "percentage"
}
| |
westrock company notes to consolidated financial statements fffd ( continued ) at september 30 , 2018 and september 30 , 2017 , gross net operating losses for foreign reporting purposes of approximately $ 698.4 million and $ 673.7 million , respectively , were available for carryforward .a majority of these loss carryforwards generally expire between fiscal 2020 and 2038 , while a portion have an indefinite carryforward .the tax effected values of these net operating losses are $ 185.8 million and $ 182.6 million at september 30 , 2018 and 2017 , respectively , exclusive of valuation allowances of $ 161.5 million and $ 149.6 million at september 30 , 2018 and 2017 , respectively .at september 30 , 2018 and 2017 , we had state tax credit carryforwards of $ 64.8 million and $ 54.4 million , respectively .these state tax credit carryforwards generally expire within 5 to 10 years ; however , certain state credits can be carried forward indefinitely .valuation allowances of $ 56.1 million and $ 47.3 million at september 30 , 2018 and 2017 , respectively , have been provided on these assets .these valuation allowances have been recorded due to uncertainty regarding our ability to generate sufficient taxable income in the appropriate taxing jurisdiction .the following table represents a summary of the valuation allowances against deferred tax assets for fiscal 2018 , 2017 and 2016 ( in millions ) : .
[['', '2018', '2017', '2016'], ['balance at beginning of fiscal year', '$ 219.1', '$ 177.2', '$ 100.2'], ['increases', '50.8', '54.3', '24.8'], ['allowances related to purchase accounting ( 1 )', '0.1', '12.4', '63.0'], ['reductions', '-40.6 ( 40.6 )', '-24.8 ( 24.8 )', '-10.8 ( 10.8 )'], ['balance at end of fiscal year', '$ 229.4', '$ 219.1', '$ 177.2']]
( 1 ) amounts in fiscal 2018 and 2017 relate to the mps acquisition .adjustments in fiscal 2016 relate to the combination and the sp fiber acquisition .consistent with prior years , we consider a portion of our earnings from certain foreign subsidiaries as subject to repatriation and we provide for taxes accordingly .however , we consider the unremitted earnings and all other outside basis differences from all other foreign subsidiaries to be indefinitely reinvested .accordingly , we have not provided for any taxes that would be due .as of september 30 , 2018 , we estimate our outside basis difference in foreign subsidiaries that are considered indefinitely reinvested to be approximately $ 1.5 billion .the components of the outside basis difference are comprised of purchase accounting adjustments , undistributed earnings , and equity components .except for the portion of our earnings from certain foreign subsidiaries where we provided for taxes , we have not provided for any taxes that would be due upon the reversal of the outside basis differences .however , in the event of a distribution in the form of dividends or dispositions of the subsidiaries , we may be subject to incremental u.s .income taxes , subject to an adjustment for foreign tax credits , and withholding taxes or income taxes payable to the foreign jurisdictions .as of september 30 , 2018 , the determination of the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis differences is not practicable. .
|
how much has the balance increased in a percentage from 2016 to 2018?
|
29.5%
|
{
"answer": "29.5%",
"decimal": 0.295,
"type": "percentage"
}
|
to find the percentage increase you must first subtract 2018 by 2016 and then take that answer and divide by 2016 .
|
higher in the first half of the year , but declined dur- ing the second half of the year reflecting the pass- through to customers of lower resin input costs .however , average margins benefitted from a more favorable mix of products sold .raw material costs were lower , primarily for resins .freight costs were also favorable , while operating costs increased .shorewood sales volumes in 2009 declined from 2008 levels reflecting weaker demand in the home entertainment segment and a decrease in tobacco segment orders as customers have shifted pro- duction outside of the united states , partially offset by higher shipments in the consumer products segment .average sales margins improved reflecting a more favorable mix of products sold .raw material costs were higher , but were partially offset by lower freight costs .operating costs were favorable , reflect- ing benefits from business reorganization and cost reduction actions taken in 2008 and 2009 .charges to restructure operations totaled $ 7 million in 2009 and $ 30 million in 2008 .entering 2010 , coated paperboard sales volumes are expected to increase , while average sales price real- izations should be comparable to 2009 fourth-quarter levels .raw material costs are expected to be sig- nificantly higher for wood , energy and chemicals , but planned maintenance downtime costs will decrease .foodservice sales volumes are expected to remain about flat , but average sales price realizations should improve slightly .input costs for resins should be higher , but will be partially offset by lower costs for bleached board .shorewood sales volumes are expected to decline reflecting seasonal decreases in home entertainment segment shipments .operating costs are expected to be favorable reflecting the benefits of business reorganization efforts .european consumer packaging net sales in 2009 were $ 315 million compared with $ 300 million in 2008 and $ 280 million in 2007 .operating earnings in 2009 of $ 66 million increased from $ 22 million in 2008 and $ 30 million in 2007 .sales volumes in 2009 were higher than in 2008 reflecting increased ship- ments to export markets .average sales margins declined due to increased shipments to lower- margin export markets and lower average sales prices in western europe .entering 2010 , sales volumes for the first quarter are expected to remain strong .average margins should improve reflecting increased sales price realizations and a more favorable geographic mix of products sold .input costs are expected to be higher due to increased wood prices in poland and annual energy tariff increases in russia .asian consumer packaging net sales were $ 545 million in 2009 compared with $ 390 million in 2008 and $ 330 million in 2007 .operating earnings in 2009 were $ 24 million compared with a loss of $ 13 million in 2008 and earnings of $ 12 million in 2007 .the improved operating earnings in 2009 reflect increased sales volumes , higher average sales mar- gins and lower input costs , primarily for chemicals .the loss in 2008 was primarily due to a $ 12 million charge to revalue pulp inventories at our shandong international paper and sun coated paperboard co. , ltd .joint venture and start-up costs associated with the joint venture 2019s new folding box board paper machine .distribution xpedx , our distribution business , markets a diverse array of products and supply chain services to cus- tomers in many business segments .customer demand is generally sensitive to changes in general economic conditions , although the commercial printing segment is also dependent on consumer advertising and promotional spending .distribution 2019s margins are relatively stable across an economic cycle .providing customers with the best choice and value in both products and supply chain services is a key competitive factor .additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability .distribution in millions 2009 2008 2007 .
[['in millions', '2009', '2008', '2007'], ['sales', '$ 6525', '$ 7970', '$ 7320'], ['operating profit', '50', '103', '108']]
distribution 2019s 2009 annual sales decreased 18% ( 18 % ) from 2008 and 11% ( 11 % ) from 2007 while operating profits in 2009 decreased 51% ( 51 % ) compared with 2008 and 54% ( 54 % ) compared with 2007 .annual sales of printing papers and graphic arts supplies and equipment totaled $ 4.1 billion in 2009 compared with $ 5.2 billion in 2008 and $ 4.7 billion in 2007 , reflecting weak economic conditions in 2009 .trade margins as a percent of sales for printing papers increased from 2008 but decreased from 2007 due to a higher mix of lower margin direct ship- ments from manufacturers .revenue from packaging products was $ 1.3 billion in 2009 compared with $ 1.7 billion in 2008 and $ 1.5 billion in 2007 .trade margins as a percent of sales for packaging products were higher than in the past two years reflecting an improved product and service mix .facility supplies annual revenue was $ 1.1 billion in 2009 , essentially .
|
what was the percentage increase in annual sales of printing papers and graphic arts supplies and equipment from 2007 to 2008?
|
11%
|
{
"answer": "11%",
"decimal": 0.11,
"type": "percentage"
}
| |
contractual obligations the following table includes aggregated information about citigroup 2019s contractual obligations that impact its short- and long-term liquidity and capital needs .the table includes information about payments due under specified contractual obligations , aggregated by type of contractual obligation .it includes the maturity profile of the company 2019s consolidated long-term debt , operating leases and other long-term liabilities .the company 2019s capital lease obligations are included in purchase obligations in the table .citigroup 2019s contractual obligations include purchase obligations that are enforceable and legally binding for the company .for the purposes of the table below , purchase obligations are included through the termination date of the respective agreements , even if the contract is renewable .many of the purchase agreements for goods or services include clauses that would allow the company to cancel the agreement with specified notice ; however , that impact is not included in the table ( unless citigroup has already notified the counterparty of its intention to terminate the agreement ) .other liabilities reflected on the company 2019s consolidated balance sheet include obligations for goods and services that have already been received , litigation settlements , uncertain tax positions , as well as other long-term liabilities that have been incurred and will ultimately be paid in cash .excluded from the following table are obligations that are generally short term in nature , including deposit liabilities and securities sold under agreements to repurchase .the table also excludes certain insurance and investment contracts subject to mortality and morbidity risks or without defined maturities , such that the timing of payments and withdrawals is uncertain .the liabilities related to these insurance and investment contracts are included on the consolidated balance sheet as insurance policy and claims reserves , contractholder funds , and separate and variable accounts .citigroup 2019s funding policy for pension plans is generally to fund to the minimum amounts required by the applicable laws and regulations .at december 31 , 2008 , there were no minimum required contributions , and no contributions are currently planned for the u.s .pension plans .accordingly , no amounts have been included in the table below for future contributions to the u.s .pension plans .for the non-u.s .plans , discretionary contributions in 2009 are anticipated to be approximately $ 167 million and this amount has been included in purchase obligations in the table below .the estimated pension plan contributions are subject to change , since contribution decisions are affected by various factors , such as market performance , regulatory and legal requirements , and management 2019s ability to change funding policy .for additional information regarding the company 2019s retirement benefit obligations , see note 9 to the consolidated financial statements on page 144. .
[['in millions of dollars at year end', 'contractual obligations by year 2009', 'contractual obligations by year 2010', 'contractual obligations by year 2011', 'contractual obligations by year 2012', 'contractual obligations by year 2013', 'contractual obligations by year thereafter'], ['long-term debt obligations ( 1 )', '$ 88472', '$ 41431', '$ 42112', '$ 27999', '$ 25955', '$ 133624'], ['operating lease obligations', '1470', '1328', '1134', '1010', '922', '3415'], ['purchase obligations', '2214', '750', '700', '444', '395', '1316'], ['other liabilities reflected on the company 2019s consolidated balance sheet ( 2 )', '38221', '792', '35', '36', '38', '3193'], ['total', '$ 130377', '$ 44301', '$ 43981', '$ 29489', '$ 27310', '$ 141548']]
( 1 ) for additional information about long-term debt and trust preferred securities , see note 20 to the consolidated financial statements on page 169 .( 2 ) relates primarily to accounts payable and accrued expenses included in other liabilities in the company 2019s consolidated balance sheet .also included are various litigation settlements. .
|
what percentage of total contractual obligations due in 2010 are comprised of long-term debt obligations?
|
94%
|
{
"answer": "94%",
"decimal": 0.94,
"type": "percentage"
}
| |
key operating and financial activities significant operating and financial activities during 2012 include : 2022 net proved reserve additions for the e&p and osm segments combined of 389 mmboe , for a 226 percent reserve replacement 2022 increased proved liquid hydrocarbon and synthetic crude oil reserves by 316 mmbbls , for a reserve replacement of 268 percent for these commodities 2022 recorded more than 95 percent average operational availability for operated e&p assets 2022 increased e&p net sales volumes , excluding libya , by 8 percent 2022 eagle ford shale average net sales volumes of 65 mboed for december 2012 , a fourfold increase over december 2011 2022 bakken shale average net sales volumes of 29 mboed , a 71 percent increase over last year 2022 resumed sales from libya and reached pre-conflict production levels 2022 international liquid hydrocarbon sales volumes , for which average realizations have exceeded wti , were 62 percent of net e&p liquid hydrocarbon sales 2022 closed $ 1 billion of acquisitions in the core of the eagle ford shale 2022 assumed operatorship of the vilje field located offshore norway 2022 signed agreements for new exploration positions in e.g. , gabon , kenya and ethiopia 2022 issued $ 1 billion of 3-year senior notes at 0.9 percent interest and $ 1 billion of 10-year senior notes at 2.8 percent interest some significant 2013 activities through february 22 , 2013 include : 2022 closed sale of our alaska assets in january 2013 2022 closed sale of our interest in the neptune gas plant in february 2013 consolidated results of operations : 2012 compared to 2011 consolidated income before income taxes was 38 percent higher in 2012 than consolidated income from continuing operations before income taxes were in 2011 , largely due to higher liquid hydrocarbon sales volumes in our e&p segment , partially offset by lower earnings from our osm and ig segments .the 7 percent decrease in income from continuing operations included lower earnings in the u.k .and e.g. , partially offset by higher earnings in libya .also , in 2011 we were not in an excess foreign tax credit position for the entire year as we were in 2012 .the effective income tax rate for continuing operations was 74 percent in 2012 compared to 61 percent in 2011 .revenues are summarized in the following table: .
[['( in millions )', '2012', '2011'], ['e&p', '$ 14084', '$ 13029'], ['osm', '1552', '1588'], ['ig', '2014', '93'], ['segment revenues', '15636', '14710'], ['elimination of intersegment revenues', '2014', '-47 ( 47 )'], ['unrealized gain on crude oil derivative instruments', '52', '2014'], ['total revenues', '$ 15688', '$ 14663']]
e&p segment revenues increased $ 1055 million from 2011 to 2012 , primarily due to higher average liquid hydrocarbon sales volumes .e&p segment revenues included a net realized gain on crude oil derivative instruments of $ 15 million in 2012 while the impact of derivatives was not significant in 2011 .see item 8 .financial statements and supplementary data 2013 note 16 to the consolidated financial statement for more information about our crude oil derivative instruments .included in our e&p segment are supply optimization activities which include the purchase of commodities from third parties for resale .see the cost of revenues discussion as revenues from supply optimization approximate the related costs .supply optimization serves to aggregate volumes in order to satisfy transportation commitments and to achieve flexibility within product .
|
by how much did total revenue increase from 2011 to 2012?
|
7.0%
|
{
"answer": "7.0%",
"decimal": 0.07,
"type": "percentage"
}
| |
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 is the growth rate in net revenue in 2016?
|
-7.4%
|
{
"answer": "-7.4%",
"decimal": -0.07400000000000001,
"type": "percentage"
}
| |
united parcel service , inc .and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : .
[['', '2012', '2011', '2010'], ['net income', '$ 807', '$ 3804', '$ 3338'], ['non-cash operating activities ( a )', '7301', '4505', '4398'], ['pension and postretirement plan contributions ( ups-sponsored plans )', '-917 ( 917 )', '-1436 ( 1436 )', '-3240 ( 3240 )'], ['income tax receivables and payables', '280', '236', '-319 ( 319 )'], ['changes in working capital and other noncurrent assets and liabilities', '-148 ( 148 )', '-12 ( 12 )', '-340 ( 340 )'], ['other operating activities', '-107 ( 107 )', '-24 ( 24 )', '-2 ( 2 )'], ['net cash from operating activities', '$ 7216', '$ 7073', '$ 3835']]
( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items .cash from operating activities remained strong throughout the 2010 to 2012 time period .operating cash flow was favorably impacted in 2012 , compared with 2011 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by changes in our working capital position , which was impacted by overall growth in the business .the change in the cash flows for income tax receivables and payables in 2011 and 2010 was primarily related to the timing of discretionary pension contributions during 2010 , as discussed further in the following paragraph .except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans .2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan .2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 .2022 in 2010 , we made $ 2.0 billion in discretionary contributions to our ups retirement and ups pension plans , and $ 980 million in required contributions to our ups ibt pension plan .2022 the remaining contributions in the 2010 through 2012 period were largely due to contributions to our international pension plans and u.s .postretirement medical benefit plans .as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans .as of december 31 , 2012 , the total of our worldwide holdings of cash and cash equivalents was $ 7.327 billion .approximately $ 4.211 billion of this amount was held in european subsidiaries with the intended purpose of completing the acquisition of tnt express n.v .( see note 16 to the consolidated financial statements ) .excluding this portion of cash held outside the u.s .for acquisition-related purposes , approximately 50%-60% ( 50%-60 % ) of the remaining cash and cash equivalents are held by foreign subsidiaries throughout the year .the amount of cash held by our u.s .and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business .cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners .to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s .when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
|
what is the growth rate in the net income from 2011 to 2012?
|
-78.8%
|
{
"answer": "-78.8%",
"decimal": -0.7879999999999999,
"type": "percentage"
}
| |
guarantees to third parties .we have , however , issued guar- antees and comfort letters of $ 171 million for the debt and other obligations of unconsolidated affiliates , primarily for cpw .in addition , off-balance sheet arrangements are gener- ally limited to the future payments under noncancelable operating leases , which totaled $ 408 million at may 28 , at may 28 , 2006 , we had invested in four variable interest entities ( vies ) .we are the primary beneficiary ( pb ) of general mills capital , inc .( gm capital ) , a subsidiary that we consolidate as set forth in note eight to the consoli- dated financial statements appearing on pages 43 and 44 in item eight of this report .we also have an interest in a contract manufacturer at our former facility in geneva , illi- nois .even though we are the pb , we have not consolidated this entity because it is not material to our results of oper- ations , financial condition , or liquidity at may 28 , 2006 .this entity had property and equipment of $ 50 million and long-term debt of $ 50 million at may 28 , 2006 .we are not the pb of the remaining two vies .our maximum exposure to loss from these vies is limited to the $ 150 million minority interest in gm capital , the contract manufactur- er 2019s debt and our $ 6 million of equity investments in the two remaining vies .the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period .the majority of the purchase obligations represent commitments for raw mate- rial and packaging to be utilized in the normal course of business and for consumer-directed marketing commit- ments that support our brands .the net fair value of our interest rate and equity swaps was $ 159 million at may 28 , 2006 , based on market values as of that date .future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future .other long-term obligations primarily consist of income taxes , accrued compensation and benefits , and miscella- neous liabilities .we are unable to estimate the timing of the payments for these items .we do not have significant statutory or contractual funding requirements for our defined-benefit retirement and other postretirement benefit plans .further information on these plans , including our expected contributions for fiscal 2007 , is set forth in note thirteen to the consolidated financial statements appearing on pages 47 through 50 in item eight of this report .in millions , payments due by fiscal year total 2007 2008-09 2010-11 2012 and thereafter .
[['in millionspayments dueby fiscal year', 'total', '2007', '2008-09', '2010-11', '2012 andthereafter'], ['long-term debt', '$ 4546', '$ 2131', '$ 971', '$ 55', '$ 1389'], ['accrued interest', '152', '152', '2013', '2013', '2013'], ['operating leases', '408', '92', '142', '89', '85'], ['purchaseobligations', '2351', '2068', '144', '75', '64'], ['total', '$ 7457', '$ 4443', '$ 1257', '$ 219', '$ 1538']]
significant accounting estimates for a complete description of our significant accounting policies , please see note one to the consolidated financial statements appearing on pages 35 through 37 in item eight of this report .our significant accounting estimates are those that have meaningful impact on the reporting of our financial condition and results of operations .these poli- cies include our accounting for trade and consumer promotion activities ; goodwill and other intangible asset impairments ; income taxes ; and pension and other postretirement benefits .trade and consumer promotion activities we report sales net of certain coupon and trade promotion costs .the consumer coupon costs recorded as a reduction of sales are based on the estimated redemption value of those coupons , as determined by historical patterns of coupon redemption and consideration of current market conditions such as competitive activity in those product categories .the trade promotion costs include payments to customers to perform merchandising activities on our behalf , such as advertising or in-store displays , discounts to our list prices to lower retail shelf prices , and payments to gain distribution of new products .the cost of these activi- ties is recognized as the related revenue is recorded , which generally precedes the actual cash expenditure .the recog- nition of these costs requires estimation of customer participation and performance levels .these estimates are made based on the quantity of customer sales , the timing and forecasted costs of promotional activities , and other factors .differences between estimated expenses and actual costs are normally insignificant and are recognized as a change in management estimate in a subsequent period .our accrued trade and consumer promotion liability was $ 339 million as of may 28 , 2006 , and $ 283 million as of may 29 , 2005 .our unit volume in the last week of each quarter is consis- tently higher than the average for the preceding weeks of the quarter .in comparison to the average daily shipments in the first 12 weeks of a quarter , the final week of each quarter has approximately two to four days 2019 worth of incre- mental shipments ( based on a five-day week ) , reflecting increased promotional activity at the end of the quarter .this increased activity includes promotions to assure that our customers have sufficient inventory on hand to support major marketing events or increased seasonal demand early in the next quarter , as well as promotions intended to help achieve interim unit volume targets .if , due to quarter-end promotions or other reasons , our customers purchase more product in any reporting period than end-consumer demand will require in future periods , our sales level in future reporting periods could be adversely affected. .
|
what was the percent of the total expected contributions for fiscal 2007 that was long-term debt
|
46.9%
|
{
"answer": "46.9%",
"decimal": 0.469,
"type": "percentage"
}
| |
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 .the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 .the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 .for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 .for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 .the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 .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 .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 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 .this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 .the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income .the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss .the change in fair value during 2007 due to instrument-specific credit risk was immaterial .related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement .items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) .in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets .the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis .in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately .the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets .for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 .the difference for those instruments classified as loans is immaterial .changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income .interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income .mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 .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 on page 175 for further discussions regarding the accounting and reporting of msrs .these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , 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. .
[['in millions of dollars', 'december 31 2008', 'december 31 2007'], ['carrying amount reported on the consolidated balance sheet', '$ 4273', '$ 6392'], ['aggregate fair value in excess of unpaid principal balance', '$ 138', '$ 136'], ['balance on non-accrual loans or loans more than 90 days past due', '$ 9', '$ 17'], ['aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue', '$ 2', '$ 2014']]
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 .the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 .the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 .for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 .for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 .the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 .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 .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 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 .this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 .the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income .the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss .the change in fair value during 2007 due to instrument-specific credit risk was immaterial .related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement .items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) .in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets .the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis .in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately .the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets .for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 .the difference for those instruments classified as loans is immaterial .changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income .interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income .mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 .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 on page 175 for further discussions regarding the accounting and reporting of msrs .these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , 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. .
|
what was the percentage change in the carrying amount reported on the consolidated balance sheet from 2007 to 2008?
|
-33%
|
{
"answer": "-33%",
"decimal": -0.33,
"type": "percentage"
}
| |
aeronautics 2019 operating profit for 2011 increased $ 132 million , or 9% ( 9 % ) , compared to 2010 .the increase primarily was attributable to approximately $ 115 million of higher operating profit on c-130 programs due to increased volume and the retirement of risks ; increased volume and risk retirements on f-16 programs of about $ 50 million and c-5 programs of approximately $ 20 million ; and about $ 70 million due to risk retirements on other aeronautics sustainment activities in 2011 .these increases partially were offset by a decline in operating profit of approximately $ 75 million on the f-22 program and f-35 development contract primarily due to lower volume and about $ 55 million on other programs , including f-35 lrip , primarily due to lower profit rate adjustments in 2011 compared to 2010 .adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 90 million higher in 2011 compared to 2010 .backlog backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 contracts and c-130 programs , partially offset by higher orders on f-16 programs .backlog increased in 2011 compared to 2010 mainly due to higher orders on f-35 contracts , which partially were offset by higher sales volume on the c-130 programs .trends we expect aeronautics will experience a mid single digit percentage range decline in net sales for 2013 as compared to 2012 .a decrease in net sales from a decline in f-16 and c-130j aircraft deliveries is expected to be partially offset by an increase in net sales volume on f-35 lrip contracts .operating profit is projected to decrease at a high single digit percentage range from 2012 levels due to the expected decline in net sales as well as changes in aircraft mix , resulting in a slight decline in operating margins between the years .information systems & global solutions our is&gs business segment provides management services , integrated information technology solutions , and advanced technology systems and expertise across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continuing downturn in the federal information technology budgets and the impact of the continuing resolution that was effective on october 1 , 2012 , the start of the u.s .government 2019s fiscal year .is&gs 2019 operating results included the following ( in millions ) : .
[['', '2012', '2011', '2010'], ['net sales', '$ 8846', '$ 9381', '$ 9921'], ['operating profit', '808', '874', '814'], ['operating margins', '9.1% ( 9.1 % )', '9.3% ( 9.3 % )', '8.2% ( 8.2 % )'], ['backlog at year-end', '8700', '9300', '9700']]
2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford ; warfighter information network-tactical ( win-t ) ; command , control , battle management and communications ( c2bmc ) ; and transportation worker identification credential ( twic ) ) .partially offsetting the decreases were higher net sales of approximately $ 140 million from qtc , which was acquired early in the fourth quarter of 2011 ; and about $ 65 million from increased activity on numerous other programs , primarily federal cyber security programs and persistent threat detection system ( ptds ) operational support .is&gs 2019 operating profit for 2012 decreased $ 66 million , or 8% ( 8 % ) , compared to 2011 .the decrease was attributable to lower operating profit of approximately $ 50 million due to the favorable impact of the odin contract completion in 2011 ; about $ 25 million due to an increase in reserves for performance issues related to an international airborne surveillance system in 2012 ; and approximately $ 20 million due to lower volume on certain programs ( primarily c2bmc and win-t ) .partially offsetting the decreases was an increase in operating profit due to higher risk retirements of approximately $ 15 million from the twic program ; and about $ 10 million due to increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support .operating profit for the jtrs program was comparable as a decrease in volume was offset by a decrease in reserves .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 20 million higher for 2012 compared to 2011. .
|
what was the percent of the lowered net sales in 2012 attributable to the substantial completion of various programs during 2011 \\n\\n
|
90%
|
{
"answer": "90%",
"decimal": 0.9,
"type": "percentage"
}
| |
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2018 .the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2013 , and that dividends were reinvested when paid. .
[['', '12/31/2013', '12/31/2014', '12/31/2015', '12/31/2016', '12/31/2017', '12/31/2018'], ['hum', '$ 100', '$ 140', '$ 176', '$ 202', '$ 247', '$ 287'], ['s&p 500', '$ 100', '$ 114', '$ 115', '$ 129', '$ 157', '$ 150'], ['peer group', '$ 100', '$ 128', '$ 135', '$ 137', '$ 173', '$ 191']]
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
|
what was the ratio of the stock total return performance for hum to s&p 500 at 12/31/2016
|
1.57
|
{
"answer": "1.57",
"decimal": 1.57,
"type": "float"
}
| |
z i m m e r h o l d i n g s , i n c .a n d s u b s i d i a r i e s 2 0 0 4 f o r m 1 0 - k for the same 2003 period .amortization expense increased togross profit $ 39.1 million , or 1.3 percent of sales , during the year ended gross profit as a percentage of net sales was december 31 , 2004 compared to $ 10.9 million , or less than 73.8 percent in 2004 , compared to 72.8 percent in 2003 and 1 percent of sales , during the year ended december 31 , 2003 .68.1 percent for the three month period ended december 31 , the increase was primarily due to amortization expense 2003 ( the first quarter of combined zimmer and centerpulse related to centerpulse and implex finite lived intangible operations ) .the following table reconciles the gross margin assets .in addition , during 2004 the company continued to for the year ended december 31 , 2004 and for the three introduce or expand strategic programs and activities .in month period ended december 31 , 2003 .2004 , the zimmer institute and its satellite locations were well utilized with over 1400 surgeons trained , compared tothree month period ended december 31 , 2003 500 surgeons trained in 2003 .these surgeon training costsgross margin 68.1% ( 68.1 % ) are recognized in sg&a .the company also recognizedinventory step-up charge 4.1 approximately $ 5 million of sarbanes-oxley complianceincreased average selling prices 1.8 expenses , including consultant fees and increased audit fees.operating segment and product category mix 0.2 these increases were partially offset by expense synergiesother ( 0.4 ) realized from the centerpulse acquisition and controlled .
[['three month period ended december 31 2003 gross margin', '68.1% ( 68.1 % )'], ['inventory step-up charge', '4.1'], ['increased average selling prices', '1.8'], ['operating segment and product category mix', '0.2'], ['other', '-0.4 ( 0.4 )'], ['year ended december 31 2004 gross margin', '73.8% ( 73.8 % )']]
spending .the company has begun to realize synergies from the centerpulse acquisition and expects to pursue additionaldecreased centerpulse and implex inventory step-up synergy opportunities .the company estimates that over thecharges as a percentage of net sales during 2004 next two years it will be able to reduce annual sg&a as a ( $ 59.4 million , or 2.0 percent of net sales ) compared to the percentage of net sales to 38.9 percent or lower , representingthree month period ended december 31 , 2003 ( $ 42.7 million , a 200 basis point improvement over the fourth quarter ofor 6.1 percent of net sales ) and increases in average selling 2003 ( the first quarter of combined zimmer and centerpulseprices were the primary contributors to improved gross operations ) .margins .in addition , operating segment mix and product acquisition and integration expenses related to thecategory mix both had a positive impact on gross margins acquisitions of centerpulse and implex were $ 81.1 milliondue to higher sales growth in the more profitable americas compared to $ 79.6 million for the same 2003 period andsegment compared to europe and asia pacific , higher sales included $ 24.4 million of sales agent and lease contractgrowth of reconstructive implants and the continued shift to termination expenses , $ 24.2 million of integration consultingpremium products .offsetting these favorable impacts were a expenses , $ 9.4 million of employee severance and retentionvariety of other items , including increased royalty expenses expenses , $ 7.8 million of professional fees , $ 5.2 million ofand higher losses on foreign exchange contracts included in personnel expenses and travel for full-time integration teamcost of products sold , partially offset by reduced members , $ 4.3 million of costs related to integrating themanufacturing costs due to automation , vertical integration company 2019s information technology systems , $ 2.9 million ofand process improvements .costs related to relocation of facilities , and $ 2.9 million of operating expenses other miscellaneous acquisition and integration expenses .r&d as a percentage of net sales was 5.6 percent for operating profit , income taxes and net earnings years ended december 31 , 2004 and 2003 .r&d increased to operating profit for the year ended december 31 , 2004$ 166.7 million from $ 105.8 million reflecting a full year of increased 69 percent to $ 763.2 million from $ 450.7 million incenterpulse research and development expenses and the comparable 2003 period .operating profit growth wasincreased spending on active projects focused on areas of driven by zimmer standalone sales growth , operating profitstrategic significance .the company 2019s pipeline includes 146 contributed by centerpulse , effectively controlled operatingprojects with a total investment equal to or greater than expenses and the absence of in-process research and$ 1 million .of the 146 projects , approximately two-thirds development expense in 2004 compared to $ 11.2 million ininvolve new platforms , mis or other technologies .for 2003 .these favorable items were partially offset byexample , the company 2019s orthobiological research group in centerpulse and implex inventory step-up of $ 59.4 million inaustin , texas is developing innovative solutions for hip 2004 compared to $ 42.7 million in 2003 and intangible assetfracture and cartilage regeneration .during 2004 , the amortization of $ 39.1 million in 2004 versus $ 10.9 million incompany delivered more than 40 major development projects 2003.to market .the company has strategically targeted r&d the effective tax rate on earnings before income taxesspending to be at the high end of what management believes minority interest and cumulative effect of change into be an average of 4-6 percent for the industry .the accounting principle decreased to 25.9 percent for the yearcompany expects over the next few years to invest in ended december 31 , 2004 from 33.6 percent for the sameresearch and development at approximately 5.5 percent to period in 2003 .a major component of the decrease6 percent of sales .( 4.7 percent , or $ 34.5 million ) was the result of revaluingsg&a as a percentage of net sales was 39.9 percent for deferred taxes of acquired centerpulse operations due to athe year ended december 31 , 2004 compared to 38.8 percent reduction in the ongoing swiss tax rate .the major reasons .
|
what was the total change in gross margins between december 31 , 2003 and december 312004?
|
5.7%
|
{
"answer": "5.7%",
"decimal": 0.057,
"type": "percentage"
}
| |
the contractual maturities of held-to-maturity securities as of january 30 , 2009 were in excess of three years and were $ 31.4 million at cost and $ 28.9 million at fair value , respectively .for the successor year ended january 30 , 2009 and period ended february 1 , 2008 , and the predecessor period ended july 6 , 2007 and year ended february 2 , 2007 , gross realized gains and losses on the sales of available-for-sale securities were not material .the cost of securities sold is based upon the specific identification method .merchandise inventories inventories are stated at the lower of cost or market with cost determined using the retail last-in , first-out ( 201clifo 201d ) method .under the company 2019s retail inventory method ( 201crim 201d ) , the calculation of gross profit and the resulting valuation of inventories at cost are computed by applying a calculated cost-to-retail inventory ratio to the retail value of sales at a department level .costs directly associated with warehousing and distribution are capitalized into inventory .the excess of current cost over lifo cost was approximately $ 50.0 million at january 30 , 2009 and $ 6.1 million at february 1 , 2008 .current cost is determined using the retail first-in , first-out method .the company 2019s lifo reserves were adjusted to zero at july 6 , 2007 as a result of the merger .the successor recorded lifo provisions of $ 43.9 million and $ 6.1 million during 2008 and 2007 , respectively .the predecessor recorded a lifo credit of $ 1.5 million in 2006 .in 2008 , the increased commodity cost pressures mainly related to food and pet products which have been driven by fruit and vegetable prices and rising freight costs .increases in petroleum , resin , metals , pulp and other raw material commodity driven costs also resulted in multiple product cost increases .the company intends to address these commodity cost increases through negotiations with its vendors and by increasing retail prices as necessary .on a quarterly basis , the company estimates the annual impact of commodity cost fluctuations based upon the best available information at that point in time .store pre-opening costs pre-opening costs related to new store openings and the construction periods are expensed as incurred .property and equipment property and equipment are recorded at cost .the company provides for depreciation and amortization on a straight-line basis over the following estimated useful lives: .
[['land improvements', '20'], ['buildings', '39-40'], ['furniture fixtures and equipment', '3-10']]
improvements of leased properties are amortized over the shorter of the life of the applicable lease term or the estimated useful life of the asset. .
|
what the difference of the held-to-maturity securities at cost and at fair value as of january 30 , 2009 , in millions?
|
2.5
|
{
"answer": "2.5",
"decimal": 2.5,
"type": "float"
}
| |
59jackhenry.com note 12 .business acquisition bayside business solutions , inc .effective july 1 , 2015 , the company acquired all of the equity interests of bayside business solutions , an alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry , for $ 10000 paid in cash .this acquisition was funded using existing operating cash .the acquisition of bayside business solutions expanded the company 2019s presence in commercial lending within the industry .management has completed a purchase price allocation of bayside business solutions and its assessment of the fair value of acquired assets and liabilities assumed .the recognized amounts of identifiable assets acquired and liabilities assumed , based upon their fair values as of july 1 , 2015 are set forth below: .
[['current assets', '$ 1922'], ['long-term assets', '253'], ['identifiable intangible assets', '5005'], ['total liabilities assumed', '-3279 ( 3279 )'], ['total identifiable net assets', '3901'], ['goodwill', '6099'], ['net assets acquired', '$ 10000']]
the goodwill of $ 6099 arising from this acquisition consists largely of the growth potential , synergies and economies of scale expected from combining the operations of the company with those of bayside business solutions , together with the value of bayside business solutions 2019 assembled workforce .goodwill from this acquisition has been allocated to our bank systems and services segment .the goodwill is not expected to be deductible for income tax purposes .identifiable intangible assets from this acquisition consist of customer relationships of $ 3402 , $ 659 of computer software and other intangible assets of $ 944 .the weighted average amortization period for acquired customer relationships , acquired computer software , and other intangible assets is 15 years , 5 years , and 20 years , respectively .current assets were inclusive of cash acquired of $ 1725 .the fair value of current assets acquired included accounts receivable of $ 178 .the gross amount of receivables was $ 178 , none of which was expected to be uncollectible .during fiscal year 2016 , the company incurred $ 55 in costs related to the acquisition of bayside business solutions .these costs included fees for legal , valuation and other fees .these costs were included within general and administrative expenses .the results of bayside business solutions 2019 operations included in the company 2019s consolidated statement of income for the twelve months ended june 30 , 2017 included revenue of $ 6536 and after-tax net income of $ 1307 .for the twelve months ended june 30 , 2016 , bayside business solutions 2019 contributed $ 4273 to revenue , and after-tax net income of $ 303 .the accompanying consolidated statements of income do not include any revenues and expenses related to this acquisition prior to the acquisition date .the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided. .
|
for the identifiable intangible assets from this acquisition , was the computer software greater than the other intangible assets?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
}
| |
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 , 2009 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. .
[['', '12/31/2009', '12/31/2010', '12/31/2011', '12/31/2012', '12/31/2013', '12/31/2014'], ['united parcel service inc .', '$ 100.00', '$ 130.29', '$ 135.35', '$ 140.54', '$ 205.95', '$ 223.79'], ['standard & poor 2019s 500 index', '$ 100.00', '$ 115.06', '$ 117.48', '$ 136.26', '$ 180.38', '$ 205.05'], ['dow jones transportation average', '$ 100.00', '$ 126.74', '$ 126.75', '$ 136.24', '$ 192.61', '$ 240.91']]
.
|
what is the roi of an investment in ups from 2010 to 2012?
|
7.9%
|
{
"answer": "7.9%",
"decimal": 0.079,
"type": "percentage"
}
| |
results of operations year ended december 31 , 2006 compared to year ended december 31 , 2005 the historical results of operations of pca for the years ended december 31 , 2006 and 2005 are set forth below : for the year ended december 31 , ( in millions ) 2006 2005 change .
[['( in millions )', 'for the year ended december 31 , 2006', 'for the year ended december 31 , 2005', 'change'], ['net sales', '$ 2187.1', '$ 1993.7', '$ 193.4'], ['income from operations', '$ 225.9', '$ 116.1', '$ 109.8'], ['interest expense net', '-31.2 ( 31.2 )', '-28.1 ( 28.1 )', '-3.1 ( 3.1 )'], ['income before taxes', '194.7', '88.0', '106.7'], ['provision for income taxes', '-69.7 ( 69.7 )', '-35.4 ( 35.4 )', '-34.3 ( 34.3 )'], ['net income', '$ 125.0', '$ 52.6', '$ 72.4']]
net sales net sales increased by $ 193.4 million , or 9.7% ( 9.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 .net sales increased primarily due to increased sales prices and volumes of corrugated products and containerboard compared to 2005 .total corrugated products volume sold increased 0.4% ( 0.4 % ) to 31.3 billion square feet in 2006 compared to 31.2 billion square feet in 2005 .on a comparable shipment-per-workday basis , corrugated products sales volume increased 0.8% ( 0.8 % ) in 2006 from 2005 .shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year .the larger percentage increase on a shipment-per-workday basis was due to the fact that 2006 had one less workday ( 249 days ) , those days not falling on a weekend or holiday , than 2005 ( 250 days ) .containerboard sales volume to external domestic and export customers increased 15.6% ( 15.6 % ) to 482000 tons for the year ended december 31 , 2006 from 417000 tons in 2005 .income from operations income from operations increased by $ 109.8 million , or 94.6% ( 94.6 % ) , for the year ended december 31 , 2006 compared to 2005 .included in income from operations for the year ended december 31 , 2005 is income of $ 14.0 million , net of expenses , consisting of two dividends paid to pca by southern timber venture , llc ( stv ) , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest .excluding the dividends from stv , income from operations increased $ 123.8 million in 2006 compared to 2005 .the $ 123.8 million increase in income from operations was primarily attributable to higher sales prices and volume as well as improved mix of business ( $ 195.6 million ) , partially offset by increased costs related to transportation ( $ 18.9 million ) , energy , primarily purchased fuels and electricity ( $ 18.3 million ) , wage increases for hourly and salaried personnel ( $ 16.9 million ) , medical , pension and other benefit costs ( $ 9.9 million ) , and incentive compensation ( $ 6.5 million ) .gross profit increased $ 137.1 million , or 44.7% ( 44.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 .gross profit as a percentage of net sales increased from 15.4% ( 15.4 % ) of net sales in 2005 to 20.3% ( 20.3 % ) of net sales in the current year primarily due to the increased sales prices described previously .selling and administrative expenses increased $ 12.3 million , or 8.4% ( 8.4 % ) , for the year ended december 31 , 2006 from the comparable period in 2005 .the increase was primarily the result of increased salary and .
|
what was the operating income margin for 2005?
|
6%
|
{
"answer": "6%",
"decimal": 0.06,
"type": "percentage"
}
| |
stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2010 , and the reinvestment of dividends thereafter , if any , in the company's common stock versus the standard and poor's s&p 500 retail index ( "s&p 500 retail index" ) and the standard and poor's s&p 500 index ( "s&p 500" ) . .
[['company/index', 'december 31 , 2010', 'december 31 , 2011', 'december 31 , 2012', 'december 31 , 2013', 'december 31 , 2014', 'december 31 , 2015'], ["o'reilly automotive inc .", '$ 100', '$ 132', '$ 148', '$ 213', '$ 319', '$ 419'], ['s&p 500 retail index', '100', '103', '128', '185', '203', '252'], ['s&p 500', '$ 100', '$ 100', '$ 113', '$ 147', '$ 164', '$ 163']]
.
|
how much greater was the five year return for the s&p 500 retail index compared to the s&p 500?
|
89
|
{
"answer": "89",
"decimal": 89,
"type": "float"
}
| |
adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations .while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur .while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes .should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition .item 1b .unresolved staff comments we have no unresolved sec staff comments to report .item 2 .properties as of december 31 , 2018 , we owned or leased 126 major manufacturing sites and 15 major technical centers .a manufacturing site may include multiple plants and may be wholly or partially owned or leased .we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .we have a presence in 44 countries .the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
[['', 'north america', 'europemiddle east& africa', 'asia pacific', 'south america', 'total'], ['signal and power solutions', '45', '33', '33', '5', '116'], ['advanced safety and user experience', '2', '5', '3', '2014', '10'], ['total', '47', '38', '36', '5', '126']]
in addition to these manufacturing sites , we had 15 major technical centers : eight in north america ; two in europe , middle east and africa ; and five in asia pacific .of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 61 are primarily owned and 80 are primarily leased .we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .we believe our evolving portfolio will meet current and anticipated future needs .item 3 .legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .however , the final amounts required to resolve these matters could differ materially from our recorded estimates .brazil matters aptiv conducts business operations in brazil that are subject to the brazilian federal labor , social security , environmental , tax and customs laws , as well as a variety of state and local laws .while aptiv believes it complies with such laws , they are complex , subject to varying interpretations , and the company is often engaged in litigation with government agencies regarding the application of these laws to particular circumstances .as of december 31 , 2018 , the majority of claims asserted against aptiv in brazil relate to such litigation .the remaining claims in brazil relate to commercial and labor litigation with private parties .as of december 31 , 2018 , claims totaling approximately $ 145 million ( using december 31 , 2018 foreign currency rates ) have been asserted against aptiv in brazil .as of december 31 , 2018 , the company maintains accruals for these asserted claims of $ 30 million ( using december 31 , 2018 foreign currency rates ) .the amounts accrued represent claims that are deemed probable of loss and are reasonably estimable based on the company 2019s analyses and assessment of the asserted claims and prior experience with similar matters .while the company believes its accruals are adequate , the final amounts required to resolve these matters could differ materially from the company 2019s recorded estimates and aptiv 2019s results of .
|
what percentage of major manufacturing sites are based in asia pacific?
|
29%
|
{
"answer": "29%",
"decimal": 0.29,
"type": "percentage"
}
| |
the depreciable lives of production facilities within the merchant gases segment are principally 15 years .customer contracts associated with products produced at these types of facilities typically have a much shorter term .the depreciable lives of production facilities within the electronics and performance materials segment , where there is not an associated long-term supply agreement , range from 10 to 15 years .these depreciable lives have been determined based on historical experience combined with judgment on future assumptions such as technological advances , potential obsolescence , competitors 2019 actions , etc .management monitors its assumptions and may potentially need to adjust depreciable life as circumstances change .a change in the depreciable life by one year for production facilities within the merchant gases and electronics and performance materials segments for which there is not an associated long-term customer supply agreement would impact annual depreciation expense as summarized below : decrease life by 1 year increase life by 1 year .
[['', 'decrease lifeby 1 year', 'increase life by 1 year'], ['merchant gases', '$ 30', '$ -20 ( 20 )'], ['electronics and performance materials', '$ 16', '$ -10 ( 10 )']]
impairment of assets plant and equipment plant and equipment held for use is grouped for impairment testing at the lowest level for which there are identifiable cash flows .impairment testing of the asset group occurs whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable .such circumstances would include a significant decrease in the market value of a long-lived asset grouping , a significant adverse change in the manner in which the asset grouping is being used or in its physical condition , a history of operating or cash flow losses associated with the use of the asset grouping , or changes in the expected useful life of the long-lived assets .if such circumstances are determined to exist , an estimate of undiscounted future cash flows produced by that asset group is compared to the carrying value to determine whether impairment exists .if an asset group is determined to be impaired , the loss is measured based on the difference between the asset group 2019s fair value and its carrying value .an estimate of the asset group 2019s fair value is based on the discounted value of its estimated cash flows .assets to be disposed of by sale are reported at the lower of carrying amount or fair value less cost to sell .the assumptions underlying cash flow projections represent management 2019s best estimates at the time of the impairment review .factors that management must estimate include industry and market conditions , sales volume and prices , costs to produce , inflation , etc .changes in key assumptions or actual conditions that differ from estimates could result in an impairment charge .we use reasonable and supportable assumptions when performing impairment reviews and cannot predict the occurrence of future events and circumstances that could result in impairment charges .goodwill the acquisition method of accounting for business combinations currently requires us to make use of estimates and judgments to allocate the purchase price paid for acquisitions to the fair value of the net tangible and identifiable intangible assets .goodwill represents the excess of the aggregate purchase price over the fair value of net assets of an acquired entity .goodwill , including goodwill associated with equity affiliates of $ 126.4 , was $ 1780.2 as of 30 september 2013 .the majority of our goodwill is assigned to reporting units within the merchant gases and electronics and performance materials segments .goodwill increased in 2013 , primarily as a result of the epco and wcg acquisitions in merchant gases during the third quarter .disclosures related to goodwill are included in note 10 , goodwill , to the consolidated financial statements .we perform an impairment test annually in the fourth quarter of the fiscal year .in addition , goodwill would be tested more frequently if changes in circumstances or the occurrence of events indicated that potential impairment exists .the tests are done at the reporting unit level , which is defined as one level below the operating segment for which discrete financial information is available and whose operating results are reviewed by segment managers regularly .currently , we have four business segments and thirteen reporting units .reporting units are primarily based on products and geographic locations within each business segment .as part of the goodwill impairment testing , and as permitted under the accounting guidance , we have the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value .if we choose not to complete a qualitative assessment for a given reporting unit , or if the .
|
what is the depreciation expense with the production facilities within the merchant gases segment accumulated in 15 years?
|
300
|
{
"answer": "300",
"decimal": 300,
"type": "float"
}
|
it is the number of years expected in its depreciable life multiplied by the increased life by a 1-year value .
|
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 .
|
excluding expenses recognized in 2012 in connection with the rbc acquisitions , what would net income be in millions?
|
3256
|
{
"answer": "3256",
"decimal": 3256,
"type": "float"
}
| |
entergy new orleans , inc .management 2019s financial discussion and analysis also in addition to the contractual obligations , entergy new orleans has $ 53.7 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions .see note 3 to the financial statements for additional information regarding unrecognized tax benefits .the planned capital investment estimate for entergy new orleans reflects capital required to support existing business .the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , changes in project plans , and the ability to access capital .management provides more information on long-term debt and preferred stock maturities in notes 5 and 6 and to the financial statements .as an indirect , wholly-owned subsidiary of entergy corporation , entergy new orleans pays dividends from its earnings at a percentage determined monthly .entergy new orleans 2019s long-term debt indentures contain restrictions on the payment of cash dividends or other distributions on its common and preferred stock .sources of capital entergy new orleans 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; and debt and preferred stock issuances .entergy new orleans may refinance , redeem , or otherwise retire debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable .entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years: .
[['2011', '2010', '2009', '2008'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 9074', '$ 21820', '$ 66149', '$ 60093']]
see note 4 to the financial statements for a description of the money pool .entergy new orleans has obtained short-term borrowing authorization from the ferc under which it may borrow through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 100 million .see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits .the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through july 2012 .entergy louisiana 2019s ninemile point unit 6 self-build project in june 2011 , entergy louisiana filed with the lpsc an application seeking certification that the public necessity and convenience would be served by entergy louisiana 2019s construction of a combined-cycle gas turbine generating facility ( ninemile 6 ) at its existing ninemile point electric generating station .ninemile 6 will be a nominally-sized 550 mw unit that is estimated to cost approximately $ 721 million to construct , excluding interconnection and transmission upgrades .entergy gulf states louisiana joined in the application , seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% ( 35 % ) of the capacity and energy generated by ninemile 6 .the ninemile 6 capacity and energy is proposed to be allocated 55% ( 55 % ) to entergy louisiana , 25% ( 25 % ) to entergy gulf states louisiana , and 20% ( 20 % ) to entergy new orleans .in february 2012 the city council passed a resolution authorizing entergy new orleans to purchase 20% ( 20 % ) of the ninemile 6 energy and capacity .if approvals are obtained from the lpsc and other permitting agencies , ninemile 6 construction is .
|
what was the ratio of the ninemile 6 mw to the cost of the construction
|
1.31
|
{
"answer": "1.31",
"decimal": 1.31,
"type": "float"
}
| |
realignment and other 201d expenses .acquisition , integration , realignment and other expenses for the years ended december 31 , 2009 , 2008 and 2007 , included ( in millions ) : .
[['', '2009', '2008', '2007'], ['adjustment or impairment of acquired assets and obligations net', '$ -1.5 ( 1.5 )', '$ -10.4 ( 10.4 )', '$ -1.2 ( 1.2 )'], ['consulting and professional fees', '11.7', '13.2', '1.0'], ['employee severance and retention including share-based compensation acceleration', '19.0', '0.2', '1.6'], ['information technology integration', '1.1', '0.7', '2.6'], ['in-process research & development', '2013', '38.5', '6.5'], ['vacated facilities', '1.4', '2013', '2013'], ['facility and employee relocation', '5.4', '7.5', '2013'], ['distributor acquisitions', '1.1', '6.9', '4.1'], ['certain litigation matters', '23.4', '2013', '2013'], ['contract terminations', '9.4', '5.7', '5.4'], ['other', '4.3', '6.2', '5.2'], ['acquisition integration realignment and other', '$ 75.3', '$ 68.5', '$ 25.2']]
adjustment or impairment of acquired assets and obligations relates to impairment on assets that were acquired in business combinations or adjustments to certain liabilities of acquired companies due to changes in circumstances surrounding those liabilities subsequent to the related measurement period .consulting and professional fees relate to third-party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources and include third-party fees related to severance and termination benefits matters .these fees also include legal fees related to litigation matters involving acquired businesses that existed prior to our acquisition or resulted from our acquisition .during 2009 , we commenced a global realignment initiative to focus on business opportunities that best support our strategic priorities .as part of this realignment , we initiated changes in our work force , eliminating positions in some areas and increasing others .approximately 300 employees from across the globe were affected by these actions .as a result of these changes in our work force and headcount reductions from acquisitions , we recorded expense of $ 19.0 million related to severance and other employee termination-related costs .these termination benefits were provided in accordance with our existing or local government policies and are considered ongoing benefits .these costs were accrued when they became probable and estimable and were recorded as part of other current liabilities .the majority of these costs were paid during 2009 .information technology integration relates to the non- capitalizable costs associated with integrating the information systems of acquired businesses .in-process research and development charges for 2008 relate to the acquisition of abbott spine .in-process research and development charges for 2007 relate to the acquisitions of endius and orthosoft .in 2009 , we ceased using certain leased facilities and , accordingly , recorded expense for the remaining lease payments , less estimated sublease recoveries , and wrote-off any assets being used in those facilities .facility and employee relocation relates to costs associated with relocating certain facilities .most notably , we consolidated our legacy european distribution centers into a new distribution center in eschbach , germany .over the past three years we have acquired a number of u.s .and foreign-based distributors .we have incurred various costs related to the acquisition and integration of those businesses .certain litigation matters relate to costs recognized during the year for the estimated or actual settlement of various legal matters , including patent litigation matters , commercial litigation matters and matters arising from our acquisitions of certain competitive distributorships in prior years .we recognize expense for the potential settlement of a legal matter when we believe it is probable that a loss has been incurred and we can reasonably estimate the loss .in 2009 , we made a concerted effort to settle many of these matters to avoid further litigation costs .contract termination costs relate to terminated agreements in connection with the integration of acquired companies .the terminated contracts primarily relate to sales agents and distribution agreements .cash and cash equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents .the carrying amounts reported in the balance sheet for cash and cash equivalents are valued at cost , which approximates their fair value .certificates of deposit 2013 we invest in cash deposits with original maturities greater than three months and classify these investments as certificates of deposit on our consolidated balance sheet .the carrying amounts reported in the balance sheet for certificates of deposit are valued at cost , which approximates their fair value .inventories 2013 inventories , net of allowances for obsolete and slow-moving goods , are stated at the lower of cost or market , with cost determined on a first-in first-out basis .property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation .depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements and three to eight years for machinery and equipment .maintenance and repairs are expensed as incurred .we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable .an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount .an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value .z i m m e r h o l d i n g s , i n c .2 0 0 9 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c55340 pcn : 043000000 ***%%pcmsg|43 |00008|yes|no|02/24/2010 01:32|0|0|page is valid , no graphics -- color : d| .
|
what is the percent change in consulting and professional fees from 2008 to 2009?
|
12.8%
|
{
"answer": "12.8%",
"decimal": 0.128,
"type": "percentage"
}
| |
table of contents performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor ( "s&p" ) 500 index and the dow jones us financials index during the period from december 31 , 2010 through december 31 , 2015. .
[['', '12/10', '12/11', '12/12', '12/13', '12/14', '12/15'], ['e*trade financial corporation', '100.00', '49.75', '55.94', '122.75', '151.59', '185.25'], ['s&p 500 index', '100.00', '102.11', '118.45', '156.82', '178.29', '180.75'], ['dow jones us financials index', '100.00', '87.16', '110.56', '148.39', '170.04', '170.19']]
.
|
what was the percentage cumulative total return for e*trade financial corporation for the five years ended 12/15?
|
85.25%
|
{
"answer": "85.25%",
"decimal": 0.8525,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2006 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 2.1 billion and $ 2.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .
[['years ended december 31,', 'federal', 'state'], ['2007 to 2011', '', '$ 438967'], ['2012 to 2016', '', '478502'], ['2017 to 2021', '$ 617039', '1001789'], ['2022 to 2026', '1476644', '629354'], ['total', '$ 2093683', '$ 2548612']]
sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2006 , the company has provided a valuation allowance of approximately $ 308.2 million , including approximately $ 153.6 million attributable to spectrasite , primarily related to net operating loss and capital loss carryforwards assumed as of the acquisition date .the balance of the valuation allowance primarily relates to net state deferred tax assets .the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability .approximately $ 148.3 million of the spectrasite valuation allowances as of december 31 , 2006 will be recorded as a reduction to goodwill if the underlying deferred tax assets are utilized .the company intends to recover a portion of its deferred tax asset through its federal income tax refund claims related to the carry back of certain federal net operating losses .in june 2003 and october 2003 , the company filed federal income tax refund claims with the irs relating to the carry back of $ 380.0 million of net operating losses generated prior to 2003 , of which the company initially anticipated receiving approximately $ 90.0 million .based on preliminary discussions with tax authorities , the company revised its estimate of the net realizable value of the federal income tax refund claims during the year ended december 31 , 2005 , and anticipates receiving a refund of approximately $ 65.0 million , plus interest .the company expects settlement of this matter in the first half of 2007 , however , there can be no assurances with respect to the timing of any refund .because of the uncertainty associated with the claim , the company has not recognized any amounts related to interest .the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets as of december 31 , 2006 will be dependent upon its ability to generate approximately $ 1.4 billion in taxable income from january 1 , 2007 to december 31 , 2026 .if the company is unable to generate sufficient taxable income in the future , or carry back losses , as described above , it .
|
at december 31 , 2006 what was the percent of the total company nol set to expire between 2017 and 2021
|
29.5%
|
{
"answer": "29.5%",
"decimal": 0.295,
"type": "percentage"
}
| |
factors , including the market price of our common stock , general economic and market conditions and applicable legal requirements .the repurchase program may be commenced , suspended or discontinued at any time .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .as of september 30 , 2019 , we had approximately 19.1 million shares of common stock available for repurchase under the program .we anticipate that we will be able to fund our capital expenditures , interest payments , dividends and stock repurchases , pension payments , working capital needs , note repurchases , restructuring activities , repayments of current portion of long-term debt and other corporate actions for the foreseeable future from cash generated from operations , borrowings under our credit facilities , proceeds from our a/r sales agreement , proceeds from the issuance of debt or equity securities or other additional long-term debt financing , including new or amended facilities .in addition , we continually review our capital structure and conditions in the private and public debt markets in order to optimize our mix of indebtedness .in connection with these reviews , we may seek to refinance existing indebtedness to extend maturities , reduce borrowing costs or otherwise improve the terms and composition of our indebtedness .contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2019 , 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 2019s 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 2020', 'payments due by period fiscal 2021and 2022', 'payments due by period fiscal 2023and 2024', 'payments due by period thereafter'], ['long-term debt including current portionexcluding capital lease obligations ( 1 )', '$ 9714.1', '$ 550.8', '$ 939.8', '$ 2494.3', '$ 5729.2'], ['operating lease obligations ( 2 )', '930.4', '214.3', '316.4', '193.6', '206.1'], ['capital lease obligations ( 3 )', '168.9', '6.4', '8.7', '2.9', '150.9'], ['purchase obligations and other ( 4 ) ( 5 ) ( 6 )', '2293.5', '1607.0', '292.5', '206.7', '187.3'], ['total', '$ 13106.9', '$ 2378.5', '$ 1557.4', '$ 2897.5', '$ 6273.5']]
( 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 $ 163.5 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 201cnote 13 .debt 201d of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments .( 2 ) see 201cnote 15 .operating leases 201d of the notes to consolidated financial statements for additional information .( 3 ) the fair value step-up of $ 16.9 million is excluded .see 201cnote 13 .debt 2014 capital lease and other indebtedness 201d 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 $ 237.2 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2019 , including our estimate of the accumulated funding deficiency , due to lack of .
|
what was the ratio of the share repurchase in 2019 to 2018
|
0.62
|
{
"answer": "0.62",
"decimal": 0.62,
"type": "float"
}
| |
maturity requirements on long-term debt as of december 31 , 2018 by year are as follows ( in thousands ) : years ending december 31 .
[['2019', '$ 124176'], ['2020', '159979'], ['2021', '195848'], ['2022', '267587'], ['2023', '3945053'], ['2024 and thereafter', '475000'], ['total', '$ 5167643']]
credit facility we are party to a credit facility agreement with bank of america , n.a. , as administrative agent , and a syndicate of financial institutions as lenders and other agents ( as amended from time to time , the 201ccredit facility 201d ) .as of december 31 , 2018 , the credit facility provided for secured financing comprised of ( i ) a $ 1.5 billion revolving credit facility ( the 201crevolving credit facility 201d ) ; ( ii ) a $ 1.5 billion term loan ( the 201cterm a loan 201d ) , ( iii ) a $ 1.37 billion term loan ( the 201cterm a-2 loan 201d ) , ( iv ) a $ 1.14 billion term loan facility ( the 201cterm b-2 loan 201d ) and ( v ) a $ 500 million term loan ( the 201cterm b-4 loan 201d ) .substantially all of the assets of our domestic subsidiaries are pledged as collateral under the credit facility .the borrowings outstanding under our credit facility as of december 31 , 2018 reflect amounts borrowed for acquisitions and other activities we completed in 2018 , including a reduction to the interest rate margins applicable to our term a loan , term a-2 loan , term b-2 loan and the revolving credit facility , an extension of the maturity dates of the term a loan , term a-2 loan and the revolving credit facility , and an increase in the total financing capacity under the credit facility to approximately $ 5.5 billion in june 2018 .in october 2018 , we entered into an additional term loan under the credit facility in the amount of $ 500 million ( the 201cterm b-4 loan 201d ) .we used the proceeds from the term b-4 loan to pay down a portion of the balance outstanding under our revolving credit facility .the credit facility provides for an interest rate , at our election , of either libor or a base rate , in each case plus a margin .as of december 31 , 2018 , the interest rates on the term a loan , the term a-2 loan , the term b-2 loan and the term b-4 loan were 4.02% ( 4.02 % ) , 4.01% ( 4.01 % ) , 4.27% ( 4.27 % ) and 4.27% ( 4.27 % ) , respectively , and the interest rate on the revolving credit facility was 3.92% ( 3.92 % ) .in addition , we are required to pay a quarterly commitment fee with respect to the unused portion of the revolving credit facility at an applicable rate per annum ranging from 0.20% ( 0.20 % ) to 0.30% ( 0.30 % ) depending on our leverage ratio .the term a loan and the term a-2 loan mature , and the revolving credit facility expires , on january 20 , 2023 .the term b-2 loan matures on april 22 , 2023 .the term b-4 loan matures on october 18 , 2025 .the term a loan and term a-2 loan principal amounts must each be repaid in quarterly installments in the amount of 0.625% ( 0.625 % ) of principal through june 2019 , increasing to 1.25% ( 1.25 % ) of principal through june 2021 , increasing to 1.875% ( 1.875 % ) of principal through june 2022 and increasing to 2.50% ( 2.50 % ) of principal through december 2022 , with the remaining principal balance due upon maturity in january 2023 .the term b-2 loan principal must be repaid in quarterly installments in the amount of 0.25% ( 0.25 % ) of principal through march 2023 , with the remaining principal balance due upon maturity in april 2023 .the term b-4 loan principal must be repaid in quarterly installments in the amount of 0.25% ( 0.25 % ) of principal through september 2025 , with the remaining principal balance due upon maturity in october 2025 .we may issue standby letters of credit of up to $ 100 million in the aggregate under the revolving credit facility .outstanding letters of credit under the revolving credit facility reduce the amount of borrowings available to us .borrowings available to us under the revolving credit facility are further limited by the covenants described below under 201ccompliance with covenants . 201d the total available commitments under the revolving credit facility at december 31 , 2018 were $ 783.6 million .global payments inc .| 2018 form 10-k annual report 2013 85 .
|
what is the yearly interest expense incurred from term a loan , ( in millions ) ?
|
60.3
|
{
"answer": "60.3",
"decimal": 60.3,
"type": "float"
}
| |
shareholder value award program svas are granted to officers and management and are payable in shares of our common stock .the number of shares actually issued , if any , varies depending on our stock price at the end of the three-year vesting period compared to pre-established target stock prices .we measure the fair value of the sva unit on the grant date using a monte carlo simulation model .the model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award .expected volatilities utilized in the model are based on implied volatilities from traded options on our stock , historical volatility of our stock price , and other factors .similarly , the dividend yield is based on historical experience and our estimate of future dividend yields .the risk-free interest rate is derived from the u.s .treasury yield curve in effect at the time of grant .the weighted-average fair values of the sva units granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 48.51 , $ 66.25 , and $ 48.68 , respectively , determined using the following assumptions: .
[['( percents )', '2018', '2017', '2016'], ['expected dividend yield', '2.50% ( 2.50 % )', '2.50% ( 2.50 % )', '2.00% ( 2.00 % )'], ['risk-free interest rate', '2.31', '1.38', '0.92'], ['volatility', '22.26', '22.91', '21.68']]
pursuant to this program , approximately 0.7 million shares , 1.1 million shares , and 1.0 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively .approximately 1.0 million shares are expected to be issued in 2019 .as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested svas was $ 55.7 million , which will be amortized over the weighted-average remaining requisite service period of 20 months .restricted stock units rsus are granted to certain employees and are payable in shares of our common stock .rsu shares are accounted for at fair value based upon the closing stock price on the date of grant .the corresponding expense is amortized over the vesting period , typically three years .the fair values of rsu awards granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 70.95 , $ 72.47 , and $ 71.46 , respectively .the number of shares ultimately issued for the rsu program remains constant with the exception of forfeitures .pursuant to this program , 1.3 million , 1.4 million , and 1.3 million shares were granted and approximately 1.0 million , 0.9 million , and 0.6 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively .approximately 0.8 million shares are expected to be issued in 2019 .as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested rsus was $ 112.2 million , which will be amortized over the weighted- average remaining requisite service period of 21 months .note 12 : shareholders' equity during 2018 , 2017 , and 2016 , we repurchased $ 4.15 billion , $ 359.8 million and $ 540.1 million , respectively , of shares associated with our share repurchase programs .a payment of $ 60.0 million was made in 2016 for shares repurchased in 2017 .during 2018 , we repurchased $ 2.05 billion of shares , which completed the $ 5.00 billion share repurchase program announced in october 2013 and our board authorized an $ 8.00 billion share repurchase program .there were $ 2.10 billion repurchased under the $ 8.00 billion program in 2018 .as of december 31 , 2018 , there were $ 5.90 billion of shares remaining under the 2018 program .we have 5.0 million authorized shares of preferred stock .as of december 31 , 2018 and 2017 , no preferred stock was issued .we have an employee benefit trust that held 50.0 million shares of our common stock at both december 31 , 2018 and 2017 , to provide a source of funds to assist us in meeting our obligations under various employee benefit plans .the cost basis of the shares held in the trust was $ 3.01 billion at both december 31 , 2018 and 2017 , and is shown as a reduction of shareholders 2019 equity .any dividend transactions between us and the trust are eliminated .stock held by the trust is not considered outstanding in the computation of eps .the assets of the trust were not used to fund any of our obligations under these employee benefit plans during the years ended december 31 , 2018 , 2017 , and .
|
what was the percentage change in dollars spent on share repurchase between 2017 and 2018?
|
1053%
|
{
"answer": "1053%",
"decimal": 10.53,
"type": "percentage"
}
| |
page 74 notes to five year summary ( a ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) .( b ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) .also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) .these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) .( c ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) .( d ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) .in 2002 , the corporation adopted fas 142 which prohibits the amortization of goodwill .( e ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 973 million , $ 651 million after tax ( $ 1.50 per share ) .also includes a gain from the disposal of a business and charges for the corporation 2019s exit from its global telecommunications services business which is included in discontinued operations and which , on a combined basis , increased the net loss by $ 1 billion ( $ 2.38 per share ) .( f ) the corporation defines return on invested capital ( roic ) as net income plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back the minimum pension liability .the adjustment to add back the minimum pension liability is a revision to our calculation in 2005 , which the corporation believes more closely links roic to management performance .further , the corporation believes that reporting roic provides investors with greater visibility into how effectively lockheed martin uses the capital invested in its operations .the corporation uses roic to evaluate multi-year investment decisions and as a long-term performance measure , and also uses roic as a factor in evaluating management performance under certain incentive compensation plans .roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner .roic should not be considered in isola- tion or as an alternative to net earnings as an indicator of performance .the following calculations of roic reflect the revision to the calculation discussed above for all periods presented .( in millions ) 2005 2004 2003 2002 2001 .
[['( in millions )', '2005', '2004', '2003', '2002', '2001'], ['net earnings', '$ 1825', '$ 1266', '$ 1053', '$ 500', '$ -1046 ( 1046 )'], ['interest expense ( multiplied by 65% ( 65 % ) ) 1', '241', '276', '317', '378', '455'], ['return', '$ 2066', '$ 1542', '$ 1370', '$ 878', '$ -591 ( 591 )'], ['average debt2 5', '$ 5077', '$ 5932', '$ 6612', '$ 7491', '$ 8782'], ['average equity3 5', '7590', '7015', '6170', '6853', '7221'], ['average minimum pension liability3 4 5', '1545', '1296', '1504', '341', '6'], ['average invested capital', '$ 14212', '$ 14243', '$ 14286', '$ 14685', '$ 16009'], ['return on invested capital', '14.5% ( 14.5 % )', '10.8% ( 10.8 % )', '9.6% ( 9.6 % )', '6.0% ( 6.0 % )', '( 3.7 ) % ( % )']]
1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) .2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) .3 equity includes non-cash adjustments for other comprehensive losses , primarily for the additional minimum pension liability .4 minimum pension liability values reflect the cumulative value of entries identified in our statement of stockholders equity under the caption 201cminimum pension liability . 201d the annual minimum pension liability adjustments to equity were : 2001 = ( $ 33 million ) ; 2002 = ( $ 1537 million ) ; 2003 = $ 331 million ; 2004 = ( $ 285 million ) ; 2005 = ( $ 105 million ) .as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the cur- rent year entry value .5 yearly averages are calculated using balances at the start of the year and at the end of each quarter .lockheed martin corporation .
|
what was the percent of the change in the net earnings from 2004 to 2005
|
44.2%
|
{
"answer": "44.2%",
"decimal": 0.442,
"type": "percentage"
}
| |
entergy louisiana , llc management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .following is an analysis of the change in net revenue comparing 2007 to 2006 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2006 net revenue', '$ 942.1'], ['base revenues', '78.4'], ['volume/weather', '37.5'], ['transmission revenue', '9.2'], ['purchased power capacity', '-80.0 ( 80.0 )'], ['other', '3.9'], ['2007 net revenue', '$ 991.1']]
the base revenues variance is primarily due to increases effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing capacity costs .see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing .the volume/weather variance is due to increased electricity usage , including electricity sales during the unbilled service period .billed retail electricity usage increased a total of 666 gwh in all sectors compared to 2006 .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues .the transmission revenue variance is primarily due to higher rates .the purchased power capacity variance is primarily due to higher purchased power capacity charges and the amortization of capacity charges effective september 2006 as a result of the formula rate plan filing in may 2006 .a portion of the purchased power capacity costs is offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges , as mentioned above .see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing .gross operating revenues , fuel , purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to : an increase of $ 143.1 million in fuel cost recovery revenues due to higher fuel rates and usage ; an increase of $ 78.4 million in base revenues , as discussed above ; and an increase of $ 37.5 million related to volume/weather , as discussed above .fuel and purchased power expenses increased primarily due to an increase in net area demand and an increase in deferred fuel expense as a result of higher fuel rates , as discussed above .other regulatory credits decreased primarily due to the deferral of capacity charges in 2006 in addition to the amortization of these capacity charges in 2007 as a result of the may 2006 formula rate plan filing ( for the 2005 test year ) with the lpsc to recover such costs through base rates effective september 2006 .see note 2 to the financial statements for a discussion of the formula rate plan and storm cost recovery filings with the lpsc. .
|
what percent of the net change in revenue between 2007 and 2008 was due to volume/weather?
|
76.5%
|
{
"answer": "76.5%",
"decimal": 0.765,
"type": "percentage"
}
| |
investment advisory revenues earned on the other investment portfolios that we manage decreased $ 3.6 million to $ 522.2 million .average assets in these portfolios were $ 142.1 billion during 2008 , up slightly from $ 141.4 billion in 2007 .these minor changes , each less than 1% ( 1 % ) , are attributable to the timing of declining equity market valuations and cash flows among our separate account and sub-advised portfolios .net inflows , primarily from institutional investors , were $ 13.2 billion during 2008 , including the $ 1.3 billion transferred from the retirement funds to target-date trusts .decreases in market valuations , net of income , lowered our assets under management in these portfolios by $ 55.3 billion during 2008 .administrative fees increased $ 5.8 million to $ 353.9 million , primarily from increased costs of servicing activities for the mutual funds and their investors .changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors .our largest expense , compensation and related costs , increased $ 18.4 million or 2.3% ( 2.3 % ) from 2007 .this increase includes $ 37.2 million in salaries resulting from an 8.4% ( 8.4 % ) increase in our average staff count and an increase of our associates 2019 base salaries at the beginning of the year .at december 31 , 2008 , we employed 5385 associates , up 6.0% ( 6.0 % ) from the end of 2007 , primarily to add capabilities and support increased volume-related activities and other growth over the past few years .over the course of 2008 , we slowed the growth of our associate base from earlier plans and the prior year .we do not expect the number of our associates to increase in 2009 .we also reduced our annual bonuses $ 27.6 million versus the 2007 year in response to recent and ongoing unfavorable financial market conditions that negatively impacted our operating results .the balance of the increase is attributable to higher employee benefits and employment- related expenses , including an increase of $ 5.7 million in stock-based compensation .entering 2009 , we did not increase the salaries of our highest paid associates .after higher spending during the first quarter of 2008 versus 2007 , investor sentiment in the uncertain and volatile market environment caused us to reduce advertising and promotion spending , which for the year was down $ 3.8 million from 2007 .we expect to reduce these expenditures for 2009 versus 2008 , and estimate that spending in the first quarter of 2009 will be down about $ 5 million from the fourth quarter of 2008 .we vary our level of spending based on market conditions and investor demand as well as our efforts to expand our investor base in the united states and abroad .occupancy and facility costs together with depreciation expense increased $ 18 million , or 12% ( 12 % ) compared to 2007 .we have been expanding and renovating our facilities to accommodate the growth in our associates to meet business demands .other operating expenses were up $ 3.3 million from 2007 .we increased our spending $ 9.8 million , primarily for professional fees and information and other third-party services .reductions in travel and charitable contributions partially offset these increases .our non-operating investment activity resulted in a net loss of $ 52.3 million in 2008 as compared to a net gain of $ 80.4 million in 2007 .this change of $ 132.7 million is primarily attributable to losses recognized in 2008 on our investments in sponsored mutual funds , which resulted from declines in financial market values during the year. .
[['', '2007', '2008', 'change'], ['capital gain distributions received', '$ 22.1', '$ 5.6', '$ -16.5 ( 16.5 )'], ['other than temporary impairments recognized', '-.3 ( .3 )', '-91.3 ( 91.3 )', '-91.0 ( 91.0 )'], ['net gains ( losses ) realized on funddispositions', '5.5', '-4.5 ( 4.5 )', '-10.0 ( 10.0 )'], ['net gain ( loss ) recognized on fund holdings', '$ 27.3', '$ -90.2 ( 90.2 )', '$ -117.5 ( 117.5 )']]
we recognized other than temporary impairments of our investments in sponsored mutual funds because of declines in fair value below cost for an extended period .the significant declines in fair value below cost that occurred in 2008 were generally attributable to the adverse and ongoing market conditions discussed in the background section on page 18 of this report .see also the discussion on page 24 of critical accounting policies for other than temporary impairments of available-for-sale securities .in addition , income from money market and bond fund holdings was $ 19.3 million lower than in 2007 due to the significantly lower interest rate environment of 2008 .lower interest rates also led to substantial capital appreciation on our $ 40 million holding of u.s .treasury notes that we sold in december 2008 at a $ 2.6 million gain .management 2019s discussion & analysis 21 .
|
what was the percentage change in net gains ( losses ) realized on fund dispositions between 2007 and 2008?
|
-182%
|
{
"answer": "-182%",
"decimal": -1.82,
"type": "percentage"
}
| |
operating expenses : 2013 versus 2012 versus ( percent of net sales ) 2013 2012 2011 .
[['( percent of net sales )', '2013', '2012', '2011', '2013 versus 2012', '2012 versus 2011'], ['cost of sales', '52.1% ( 52.1 % )', '52.4% ( 52.4 % )', '53.0% ( 53.0 % )', '( 0.3 ) % ( % )', '( 0.6 ) % ( % )'], ['selling general and administrative expenses', '20.7', '20.4', '20.8', '0.3', '-0.4 ( 0.4 )'], ['research development and related expenses', '5.6', '5.5', '5.3', '0.1', '0.2'], ['operating income', '21.6% ( 21.6 % )', '21.7% ( 21.7 % )', '20.9% ( 20.9 % )', '( 0.1 ) % ( % )', '0.8% ( 0.8 % )']]
pension and postretirement expense decreased $ 97 million in 2013 compared to 2012 , compared to an increase of $ 95 million for 2012 compared to 2011 .2012 includes a $ 26 million charge related to the first-quarter 2012 voluntary early retirement incentive program ( discussed in note 10 ) .pension and postretirement expense is recorded in cost of sales ; selling , general and administrative expenses ( sg&a ) ; and research , development and related expenses ( r&d ) .refer to note 10 ( pension and postretirement plans ) for components of net periodic benefit cost and the assumptions used to determine net cost .cost of sales : cost of sales includes manufacturing , engineering and freight costs .cost of sales , measured as a percent of net sales , was 52.1 percent in 2013 , a decrease of 0.3 percentage points from 2012 .cost of sales as a percent of sales decreased due to the combination of selling price increases and raw material cost decreases , as selling prices rose 0.9 percent and raw material cost deflation was approximately 2 percent favorable year-on-year .in addition , lower pension and postretirement costs ( of which a portion impacts cost of sales ) , in addition to organic volume increases , decreased cost of sales as a percent of sales .these benefits were partially offset by the impact of 2012 acquisitions and lower factory utilization .cost of sales , measured as a percent of net sales , was 52.4 percent in 2012 , a decrease of 0.6 percentage points from 2011 .the net impact of selling price/raw material cost changes was the primary factor that decreased cost of sales as a percent of sales , as selling prices increased 1.4 percent and raw material costs decreased approximately 2 percent .this benefit was partially offset by higher pension and postretirement costs .selling , general and administrative expenses : selling , general and administrative expenses ( sg&a ) increased $ 282 million , or 4.6 percent , in 2013 when compared to 2012 .in 2013 , sg&a included strategic investments in business transformation , enabled by 3m 2019s global enterprise resource planning ( erp ) implementation , in addition to increases from acquired businesses that were largely not in 3m 2019s 2012 spending ( ceradyne , inc .and federal signal technologies ) , which were partially offset by lower pension and postretirement expense .sg&a , measured as a percent of sales , increased 0.3 percentage points to 20.7 percent in 2013 , compared to 20.4 percent in 2012 .sg&a decreased $ 68 million , or 1.1 percent , in 2012 when compared to 2011 .in addition to cost-control and other productivity efforts , 3m experienced some savings from its first-quarter 2012 voluntary early retirement incentive program and other restructuring actions .these benefits more than offset increases related to acquisitions , higher year-on-year pension and postretirement expense , and restructuring expenses .sg&a in 2012 included increases from acquired businesses which were not in 3m 2019s full-year 2011 base spending , primarily related to the 2011 acquisitions of winterthur technologie ag and the do-it-yourself and professional business of gpi group , in addition to sg&a spending related to the 2012 acquisitions of ceradyne , inc. , federal signal technologies group , and coderyte , inc .sg&a , measured as a percent of sales , was 20.4 percent in 2012 , a decrease of 0.4 percentage points when compared to 2011 .research , development and related expenses : research , development and related expenses ( r&d ) increased 4.9 percent in 2013 compared to 2012 and increased 4.1 percent in 2012 compared to 2011 , as 3m continued to support its key growth initiatives , including more r&d aimed at disruptive innovation .in 2013 , increases from acquired businesses that were largely not in 3m 2019s 2012 spending ( primarily ceradyne , inc .and federal signal technologies ) were partially offset by lower pension and postretirement expense .in 2012 , investments to support key growth initiatives , along with higher pension and postretirement expense , were partially .
|
in 2013 what was the ratio of the selling general and administrative expenses to the research development and related expenses
|
3.7
|
{
"answer": "3.7",
"decimal": 3.7,
"type": "float"
}
|
in 2013 the ratio of the selling general and administrative expenses to the research development and related expenses was 3.7 to 1
|
as a result of the transaction , we recognized a net gain of approximately $ 1.3 billion , including $ 1.2 billion recognized in 2016 .the net gain represents the $ 2.5 billion fair value of the shares of lockheed martin common stock exchanged and retired as part of the exchange offer , plus the $ 1.8 billion one-time special cash payment , less the net book value of the is&gs business of about $ 3.0 billion at august 16 , 2016 and other adjustments of about $ 100 million .in 2017 , we recognized an additional gain of $ 73 million , which reflects certain post-closing adjustments , including certain tax adjustments and the final determination of net working capital .we classified the operating results of our former is&gs business as discontinued operations in our consolidated financial statements in accordance with u.s .gaap , as the divestiture of this business represented a strategic shift that had a major effect on our operations and financial results .however , the cash flows generated by the is&gs business have not been reclassified in our consolidated statements of cash flows as we retained this cash as part of the transaction .the operating results , prior to the august 16 , 2016 divestiture date , of the is&gs business that have been reflected within net earnings from discontinued operations for the year ended december 31 , 2016 are as follows ( in millions ) : .
[['net sales', '$ 3410'], ['cost of sales', '-2953 ( 2953 )'], ['severance charges', '-19 ( 19 )'], ['gross profit', '438'], ['other income net', '16'], ['operating profit', '454'], ['earnings from discontinued operations before income taxes', '454'], ['income tax expense', '-147 ( 147 )'], ['net gain on divestiture of discontinued operations', '1205'], ['net earnings from discontinued operations', '$ 1512']]
the operating results of the is&gs business reported as discontinued operations are different than the results previously reported for the is&gs business segment .results reported within net earnings from discontinued operations only include costs that were directly attributable to the is&gs business and exclude certain corporate overhead costs that were previously allocated to the is&gs business .as a result , we reclassified $ 82 million in 2016 of corporate overhead costs from the is&gs business to other unallocated , net on our consolidated statement of earnings .additionally , we retained all assets and obligations related to the pension benefits earned by former is&gs business salaried employees through the date of divestiture .therefore , the non-service portion of net pension costs ( e.g. , interest cost , actuarial gains and losses and expected return on plan assets ) for these plans have been reclassified from the operating results of the is&gs business segment and reported as a reduction to the fas/cas pension adjustment .these net pension costs were $ 54 million for the year ended december 31 , 2016 .the service portion of net pension costs related to is&gs business 2019s salaried employees that transferred to leidos were included in the operating results of the is&gs business classified as discontinued operations because such costs are no longer incurred by us .significant severance charges related to the is&gs business were historically recorded at the lockheed martin corporate office .these charges have been reclassified into the operating results of the is&gs business , classified as discontinued operations , and excluded from the operating results of our continuing operations .the amount of severance charges reclassified were $ 19 million in 2016 .financial information related to cash flows generated by the is&gs business , such as depreciation and amortization , capital expenditures , and other non-cash items , included in our consolidated statement of cash flows for the years ended december 31 , 2016 were not significant. .
|
what is the operating profit margin?
|
13.3%
|
{
"answer": "13.3%",
"decimal": 0.133,
"type": "percentage"
}
| |
a wholly-owned subsidiary of the company is a registered life insurance company that maintains separate account assets , representing segregated funds held for purposes of funding individual and group pension contracts , and equal and offsetting separate account liabilities .at decem - ber 31 , 2008 and 2007 , the level 3 separate account assets were approximately $ 4 and $ 12 , respectively .the changes in level 3 assets primarily relate to purchases , sales and gains/ ( losses ) .the net investment income and net gains and losses attributable to separate account assets accrue directly to the contract owner and are not reported as non-operating income ( expense ) on the consolidated statements of income .level 3 assets , which includes equity method investments or consolidated investments of real estate funds , private equity funds and funds of private equity funds are valued based upon valuations received from internal as well as third party fund managers .fair valuations at the underlying funds are based on a combination of methods which may include third-party independent appraisals and discounted cash flow techniques .direct investments in private equity companies held by funds of private equity funds are valued based on an assessment of each under - lying investment , incorporating evaluation of additional significant third party financing , changes in valuations of comparable peer companies and the business environment of the companies , among other factors .see note 2 for further detail on the fair value policies by the underlying funds .changes in level 3 assets measured at fair value on a recurring basis for the year ended december 31 , 2008 .
[['', 'investments', 'other assets'], ['december 31 2007', '$ 1240', '$ 2014'], ['realized and unrealized gains / ( losses ) net', '-409 ( 409 )', '-16 ( 16 )'], ['purchases sales other settlements and issuances net', '11', '2'], ['net transfers in and/or out of level 3', '-29 ( 29 )', '78'], ['december 31 2008', '$ 813', '$ 64'], ['total net ( losses ) for the period included in earnings attributable to the change in unrealized gains or ( losses ) relating to assets stillheld at the reporting date', '$ -366 ( 366 )', '$ -17 ( 17 )']]
total net ( losses ) for the period included in earnings attributable to the change in unrealized gains or ( losses ) relating to assets still held at the reporting date $ ( 366 ) $ ( 17 ) realized and unrealized gains and losses recorded for level 3 assets are reported in non-operating income ( expense ) on the consolidated statements of income .non-controlling interest expense is recorded for consoli- dated investments to reflect the portion of gains and losses not attributable to the company .the company transfers assets in and/or out of level 3 as significant inputs , including performance attributes , used for the fair value measurement become observable .6 .variable interest entities in the normal course of business , the company is the manager of various types of sponsored investment vehicles , including collateralized debt obligations and sponsored investment funds , that may be considered vies .the company receives management fees or other incen- tive related fees for its services and may from time to time own equity or debt securities or enter into derivatives with the vehicles , each of which are considered variable inter- ests .the company engages in these variable interests principally to address client needs through the launch of such investment vehicles .the vies are primarily financed via capital contributed by equity and debt holders .the company 2019s involvement in financing the operations of the vies is limited to its equity interests , unfunded capital commitments for certain sponsored investment funds and its capital support agreements for two enhanced cash funds .the primary beneficiary of a vie is the party that absorbs a majority of the entity 2019s expected losses , receives a major - ity of the entity 2019s expected residual returns or both as a result of holding variable interests .in order to determine whether the company is the primary beneficiary of a vie , management must make significant estimates and assumptions of probable future cash flows and assign probabilities to different cash flow scenarios .assumptions made in such analyses include , but are not limited to , market prices of securities , market interest rates , poten- tial credit defaults on individual securities or default rates on a portfolio of securities , gain realization , liquidity or marketability of certain securities , discount rates and the probability of certain other outcomes .vies in which blackrock is the primary beneficiary at december 31 , 2008 , the company was the primary beneficiary of three vies , which resulted in consolidation of three sponsored investment funds ( including two cash management funds and one private equity fund of funds ) .creditors of the vies do not have recourse to the credit of the company .during 2008 , the company determined it became the primary beneficiary of two enhanced cash management funds as a result of concluding that under various cash 177528_txt_59_96:layout 1 3/26/09 10:32 pm page 73 .
|
for 2017 , what was the total net losses for the period ? ( $ )
|
383
|
{
"answer": "383",
"decimal": 383,
"type": "float"
}
|
it does not indicate the scale ( thousands , millions etc )
|
entergy arkansas , inc .and subsidiaries management 2019s financial discussion and analysis entergy arkansas 2019s receivables from the money pool were as follows as of december 31 for each of the following years: .
[['2011', '2010', '2009', '2008'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 17362', '$ 41463', '$ 28859', '$ 15991']]
in april 2011 , entergy arkansas entered into a new $ 78 million credit facility that expires in april 2012 .there were no outstanding borrowings under the entergy arkansas credit facility as of december 31 , 2011 .entergy arkansas has obtained short-term borrowing authorization from the ferc under which it may borrow through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 250 million .see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits .entergy arkansas has also obtained an order from the apsc authorizing long-term securities issuances through december state and local rate regulation and fuel-cost recovery retail rates 2009 base rate filing in september 2009 , entergy arkansas filed with the apsc for a general change in rates , charges , and tariffs .in june 2010 the apsc approved a settlement and subsequent compliance tariffs that provide for a $ 63.7 million rate increase , effective for bills rendered for the first billing cycle of july 2010 .the settlement provides for a 10.2% ( 10.2 % ) return on common equity .production cost allocation rider the apsc approved a production cost allocation rider for recovery from customers of the retail portion of the costs allocated to entergy arkansas as a result of the system agreement proceedings .these costs cause an increase in entergy arkansas 2019s deferred fuel cost balance , because entergy arkansas pays the costs over seven months but collects them from customers over twelve months .see note 2 to the financial statements and entergy corporation and subsidiaries 201cmanagement 2019s financial discussion and analysis - system agreement 201d for discussions of the system agreement proceedings .energy cost recovery rider entergy arkansas 2019s retail rates include an energy cost recovery rider to recover fuel and purchased energy costs in monthly bills .the rider utilizes prior calendar year energy costs and projected energy sales for the twelve- month period commencing on april 1 of each year to develop an energy cost rate , which is redetermined annually and includes a true-up adjustment reflecting the over-recovery or under-recovery , including carrying charges , of the energy cost for the prior calendar year .the energy cost recovery rider tariff also allows an interim rate request depending upon the level of over- or under-recovery of fuel and purchased energy costs .in early october 2005 , the apsc initiated an investigation into entergy arkansas's interim energy cost recovery rate .the investigation focused on entergy arkansas's 1 ) gas contracting , portfolio , and hedging practices ; 2 ) wholesale purchases during the period ; 3 ) management of the coal inventory at its coal generation plants ; and 4 ) response to the contractual failure of the railroads to provide coal deliveries .in march 2006 , the apsc extended its investigation to cover the costs included in entergy arkansas's march 2006 annual energy cost rate filing , and a hearing was held in the apsc energy cost recovery investigation in october 2006. .
|
what was the average receivables for entergy arkansas from 2008 to 2011
|
25918.75
|
{
"answer": "25918.75",
"decimal": 25918.75,
"type": "float"
}
| |
entergy corporation and subsidiaries management 2019s financial discussion and analysis palisades plants and related assets to their fair values .see note 14 to the financial statements for further discussion of the impairment and related charges .as a result of the entergy louisiana and entergy gulf states louisiana business combination , results of operations for 2015 also include two items that occurred in october 2015 : 1 ) a deferred tax asset and resulting net increase in tax basis of approximately $ 334 million and 2 ) a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) as a result of customer credits to be realized by electric customers of entergy louisiana , consistent with the terms of the stipulated settlement in the business combination proceeding .see note 2 to the financial statements for further discussion of the business combination and customer credits .results of operations for 2015 also include the sale in december 2015 of the 583 mw rhode island state energy center for a realized gain of $ 154 million ( $ 100 million net-of-tax ) on the sale and the $ 77 million ( $ 47 million net-of-tax ) write-off and regulatory charges to recognize that a portion of the assets associated with the waterford 3 replacement steam generator project is no longer probable of recovery .see note 14 to the financial statements for further discussion of the rhode island state energy center sale .see note 2 to the financial statements for further discussion of the waterford 3 write-off .net revenue utility following is an analysis of the change in net revenue comparing 2016 to 2015 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2015 net revenue', '$ 5829'], ['retail electric price', '289'], ['louisiana business combination customer credits', '107'], ['volume/weather', '14'], ['louisiana act 55 financing savings obligation', '-17 ( 17 )'], ['other', '-43 ( 43 )'], ['2016 net revenue', '$ 6179']]
the retail electric price variance is primarily due to : 2022 an increase in base rates at entergy arkansas , as approved by the apsc .the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 .a significant portion of the increase is related to the purchase of power block 2 of the union power station ; 2022 an increase in the purchased power and capacity acquisition cost recovery rider for entergy new orleans , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station ; 2022 an increase in formula rate plan revenues for entergy louisiana , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station ; and 2022 an increase in revenues at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 , and an increase in revenues collected through the storm damage rider .see note 2 to the financial statements for further discussion of the rate proceedings .see note 14 to the financial statements for discussion of the union power station purchase .the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business .
|
what is the growth rate in net revenue in 2016?
|
6.0%
|
{
"answer": "6.0%",
"decimal": 0.06,
"type": "percentage"
}
| |
illumina , inc .notes to consolidated financial statements 2014 ( continued ) periods .the price at which stock is purchased under the purchase plan is equal to 85% ( 85 % ) of the fair market value of the common stock on the first or last day of the offering period , whichever is lower .the initial offering period commenced in july 2000 .in addition , the purchase plan provides for annual increases of shares available for issuance under the purchase plan beginning with fiscal 2001 .304714 , 128721 and 64674 shares were issued under the 2000 employee stock purchase plan during fiscal 2003 , 2002 and 2001 , respectively .deferred stock compensation since the inception of the company , in connection with the grant of certain stock options and sales of restricted stock to employees , founders and directors through july 25 , 2000 , the company has recorded deferred stock compensation totaling approximately $ 17.7 million , representing the differ- ence between the exercise or purchase price and the fair value of the company 2019s common stock as estimated by the company 2019s management for financial reporting purposes on the date such stock options were granted or restricted common stock was sold .deferred compensation is included as a reduction of stockholders 2019 equity and is being amortized to expense over the vesting period of the options and restricted stock .during the year ended december 28 , 2003 , the company recorded amortization of deferred stock compensation expense of approximately $ 2.5 million .shares reserved for future issuance at december 28 , 2003 , the company has reserved shares of common stock for future issuance as follows ( in thousands ) : 2000 stock plan *********************************************************** 10766 2000 employee stock purchase plan***************************************** 961 11727 stockholder rights plan on may 3 , 2001 , the board of directors of the company declared a dividend of one preferred share purchase right ( a 2018 2018right 2019 2019 ) for each outstanding share of common stock of the company .the dividend was payable on may 14 , 2001 ( the 2018 2018record date 2019 2019 ) to the stockholders of record on that date .each right entitles the registered holder to purchase from the company one unit consisting of one- thousandth of a share of its series a junior participating preferred stock at a price of $ 100 per unit .the rights will be exercisable if a person or group hereafter acquires beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock of the company or announces an offer for 15% ( 15 % ) or more of the outstanding common stock .if a person or group acquires 15% ( 15 % ) or more of the outstanding common stock of the company , each right will entitle its holder to purchase , at the exercise price of the right , a number of shares of common stock having a market value of two times the exercise price of the right .if the company is acquired in a merger or other business combination transaction after a person acquires 15% ( 15 % ) or more of the company 2019s common stock , each right will entitle its holder to purchase , at the right 2019s then-current exercise price , a number of common shares of the acquiring company which at the time of such transaction have a market value of two times the exercise price of the right .the board of directors will be entitled to redeem the rights at a price of $ 0.01 per right at any time before any such person acquires beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock .the rights expire on may 14 , 2011 unless such date is extended or the rights are earlier redeemed or exchanged by the company. .
[['2000 stock plan 2000 employee stock purchase plan', '2000 stock plan 961', '2000 stock plan', '11727']]
illumina , inc .notes to consolidated financial statements 2014 ( continued ) periods .the price at which stock is purchased under the purchase plan is equal to 85% ( 85 % ) of the fair market value of the common stock on the first or last day of the offering period , whichever is lower .the initial offering period commenced in july 2000 .in addition , the purchase plan provides for annual increases of shares available for issuance under the purchase plan beginning with fiscal 2001 .304714 , 128721 and 64674 shares were issued under the 2000 employee stock purchase plan during fiscal 2003 , 2002 and 2001 , respectively .deferred stock compensation since the inception of the company , in connection with the grant of certain stock options and sales of restricted stock to employees , founders and directors through july 25 , 2000 , the company has recorded deferred stock compensation totaling approximately $ 17.7 million , representing the differ- ence between the exercise or purchase price and the fair value of the company 2019s common stock as estimated by the company 2019s management for financial reporting purposes on the date such stock options were granted or restricted common stock was sold .deferred compensation is included as a reduction of stockholders 2019 equity and is being amortized to expense over the vesting period of the options and restricted stock .during the year ended december 28 , 2003 , the company recorded amortization of deferred stock compensation expense of approximately $ 2.5 million .shares reserved for future issuance at december 28 , 2003 , the company has reserved shares of common stock for future issuance as follows ( in thousands ) : 2000 stock plan *********************************************************** 10766 2000 employee stock purchase plan***************************************** 961 11727 stockholder rights plan on may 3 , 2001 , the board of directors of the company declared a dividend of one preferred share purchase right ( a 2018 2018right 2019 2019 ) for each outstanding share of common stock of the company .the dividend was payable on may 14 , 2001 ( the 2018 2018record date 2019 2019 ) to the stockholders of record on that date .each right entitles the registered holder to purchase from the company one unit consisting of one- thousandth of a share of its series a junior participating preferred stock at a price of $ 100 per unit .the rights will be exercisable if a person or group hereafter acquires beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock of the company or announces an offer for 15% ( 15 % ) or more of the outstanding common stock .if a person or group acquires 15% ( 15 % ) or more of the outstanding common stock of the company , each right will entitle its holder to purchase , at the exercise price of the right , a number of shares of common stock having a market value of two times the exercise price of the right .if the company is acquired in a merger or other business combination transaction after a person acquires 15% ( 15 % ) or more of the company 2019s common stock , each right will entitle its holder to purchase , at the right 2019s then-current exercise price , a number of common shares of the acquiring company which at the time of such transaction have a market value of two times the exercise price of the right .the board of directors will be entitled to redeem the rights at a price of $ 0.01 per right at any time before any such person acquires beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock .the rights expire on may 14 , 2011 unless such date is extended or the rights are earlier redeemed or exchanged by the company. .
|
what was the percent of the change shares issued under the 2000 employee stock purchase plan from 2002 to 2003
|
136%
|
{
"answer": "136%",
"decimal": 1.36,
"type": "percentage"
}
|
the shares issued under the 2000 employee stock purchase plan from 2002 to 2003 increased by 137%
|
in addition , the company has reclassified the following amounts from 201cdistributions from other invested assets 201d included in cash flows from investing activities to 201cdistribution of limited partnership income 201d included in cash flows from operations for interim reporting periods of 2013 : $ 33686 thousand for the three months ended march 31 , 2013 ; $ 9409 thousand and $ 43095 thousand for the three months and six months ended june 30 , 2013 , respectively ; and $ 5638 thousand and $ 48733 thousand for the three months and nine months ended september 30 , 2013 , respectively .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 , rabbi trusts and an affiliated entity .limited partnerships and the affiliated entity 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 , 2013', 'years ended december 31 , 2012'], ['reinsurance receivables and premium receivables', '$ 29905', '$ 32011']]
.
|
what is the percentage change in the balance of reinsurance receivables and premium receivables in 2013?
|
-6.6%
|
{
"answer": "-6.6%",
"decimal": -0.066,
"type": "percentage"
}
| |
pension plan assets pension assets include public equities , government and corporate bonds , cash and cash equivalents , private real estate funds , private partnerships , hedge funds , and other assets .plan assets are held in a master trust and overseen by the company's investment committee .all assets are externally managed through a combination of active and passive strategies .managers may only invest in the asset classes for which they have been appointed .the investment committee is responsible for setting the policy that provides the framework for management of the plan assets .the investment committee has set the minimum and maximum permitted values for each asset class in the company's pension plan master trust for the year ended december 31 , 2018 , as follows: .
[['u.s . equities', 'range 15', 'range -', 'range 36% ( 36 % )'], ['international equities', '10', '-', '29% ( 29 % )'], ['fixed income securities', '25', '-', '50% ( 50 % )'], ['alternative investments', '10', '-', '25% ( 25 % )']]
the general objectives of the company's pension asset strategy are to earn a rate of return over time to satisfy the benefit obligations of the plans , meet minimum erisa funding requirements , and maintain sufficient liquidity to pay benefits and address other cash requirements within the master trust .specific investment objectives include reducing the volatility of pension assets relative to benefit obligations , achieving a competitive , total investment return , achieving diversification between and within asset classes , and managing other risks .investment objectives for each asset class are determined based on specific risks and investment opportunities identified .decisions regarding investment policies and asset allocation are made with the understanding of the historical and prospective return and risk characteristics of various asset classes , the effect of asset allocations on funded status , future company contributions , and projected expenditures , including benefits .the company updates its asset allocations periodically .the company uses various analytics to determine the optimal asset mix and considers plan obligation characteristics , duration , liquidity characteristics , funding requirements , expected rates of return , regular rebalancing , and the distribution of returns .actual allocations to each asset class could vary from target allocations due to periodic investment strategy changes , short-term market value fluctuations , the length of time it takes to fully implement investment allocation positions , such as real estate and other alternative investments , and the timing of benefit payments and company contributions .taking into account the asset allocation ranges , the company determines the specific allocation of the master trust's investments within various asset classes .the master trust utilizes select investment strategies , which are executed through separate account or fund structures with external investment managers who demonstrate experience and expertise in the appropriate asset classes and styles .the selection of investment managers is done with careful evaluation of all aspects of performance and risk , demonstrated fiduciary responsibility , investment management experience , and a review of the investment managers' policies and processes .investment performance is monitored frequently against appropriate benchmarks and tracked to compliance guidelines with the assistance of third party consultants and performance evaluation tools and metrics .plan assets are stated at fair value .the company employs a variety of pricing sources to estimate the fair value of its pension plan assets , including independent pricing vendors , dealer or counterparty-supplied valuations , third- party appraisals , and appraisals prepared by the company's investment managers or other experts .investments in equity securities , common and preferred , are valued at the last reported sales price when an active market exists .securities for which official or last trade pricing on an active exchange is available are classified as level 1 .if closing prices are not available , securities are valued at the last trade price , if deemed reasonable , or a broker's quote in a non-active market , and are typically categorized as level 2 .investments in fixed-income securities are generally valued by independent pricing services or dealers who make markets in such securities .pricing methods are based upon market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders , and fixed-income securities typically are categorized as level 2. .
|
what is the difference in the range of international equities permitted in the company's pension plan?
|
19%
|
{
"answer": "19%",
"decimal": 0.19,
"type": "percentage"
}
| |
management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure .other sensitivity measures we use to analyze market risk are described below .10% ( 10 % ) sensitivity measures .the table below presents market risk for inventory positions that are not included in var .the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the underlying asset value .equity positions below relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds , which are included in 201cfinancial instruments owned , at fair value . 201d debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans .these debt positions are included in 201cfinancial instruments owned , at fair value . 201d see note 6 to the consolidated financial statements for further information about cash instruments .these measures do not reflect diversification benefits across asset categories or across other market risk measures .asset categories 10% ( 10 % ) sensitivity amount as of december in millions 2013 2012 equity 1 $ 2256 $ 2471 .
[['asset categories', 'asset categories', ''], ['in millions', '2013', '2012'], ['equity1', '$ 2256', '$ 2471'], ['debt', '1522', '1676'], ['total', '$ 3778', '$ 4147']]
1 .december 2012 includes $ 208 million related to our investment in the ordinary shares of icbc , which was sold in the first half of 2013 .credit spread sensitivity on derivatives and borrowings .var excludes the impact of changes in counterparty and our own credit spreads on derivatives as well as changes in our own credit spreads on unsecured borrowings for which the fair value option was elected .the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 4 million and $ 3 million ( including hedges ) as of december 2013 and december 2012 , respectively .in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on unsecured borrowings for which the fair value option was elected was a gain of $ 8 million and $ 7 million ( including hedges ) as of december 2013 and december 2012 , respectively .however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those unsecured borrowings for which the fair value option was elected , as well as the relative performance of any hedges undertaken .interest rate sensitivity .as of december 2013 and december 2012 , the firm had $ 14.90 billion and $ 6.50 billion , respectively , of loans held for investment which were accounted for at amortized cost and included in 201creceivables from customers and counterparties , 201d substantially all of which had floating interest rates .as of december 2013 and december 2012 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 136 million and $ 62 million , respectively , of additional interest income over a 12-month period , which does not take into account the potential impact of an increase in costs to fund such loans .see note 8 to the consolidated financial statements for further information about loans held for investment .goldman sachs 2013 annual report 95 .
|
for 2012 , what was the percentage of the equity related to our investment in the ordinary shares of icbc , which was sold in the first half of 2013?
|
8.4%
|
{
"answer": "8.4%",
"decimal": 0.084,
"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 related to our net derivative liabilities under bilateral agreements 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 2013', 'as of december 2012'], ['additional collateral or termination payments for a one-notch downgrade', '$ 911', '$ 1534'], ['additional collateral or termination payments for a two-notch downgrade', '2989', '2500']]
in millions 2013 2012 additional collateral or termination payments for a one-notch downgrade $ 911 $ 1534 additional collateral or termination payments for a two-notch downgrade 2989 2500 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 2013 .our cash and cash equivalents decreased by $ 11.54 billion to $ 61.13 billion at the end of 2013 .we generated $ 4.54 billion in net cash from operating activities .we used net cash of $ 16.08 billion for investing and financing activities , primarily to fund loans held for investment and repurchases of common stock .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 .goldman sachs 2013 annual report 89 .
|
for cash and cash equivalents at the end of 2013 , what percentage was generated from operating activities?
|
7.4%
|
{
"answer": "7.4%",
"decimal": 0.07400000000000001,
"type": "percentage"
}
| |
stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2010 , and the reinvestment of dividends thereafter , if any , in the company's common stock versus the standard and poor's s&p 500 retail index ( "s&p 500 retail index" ) and the standard and poor's s&p 500 index ( "s&p 500" ) . .
[['company/index', 'december 31 , 2010', 'december 31 , 2011', 'december 31 , 2012', 'december 31 , 2013', 'december 31 , 2014', 'december 31 , 2015'], ["o'reilly automotive inc .", '$ 100', '$ 132', '$ 148', '$ 213', '$ 319', '$ 419'], ['s&p 500 retail index', '100', '103', '128', '185', '203', '252'], ['s&p 500', '$ 100', '$ 100', '$ 113', '$ 147', '$ 164', '$ 163']]
.
|
what is the roi of an investment in the s&p500 from 2010 to 2011?
|
0%
|
{
"answer": "0%",
"decimal": null,
"type": "percentage"
}
| |
leases , was $ 92 million , $ 80 million , and $ 72 million in 2002 , 2001 , and 2000 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 28 , 2002 , are as follows ( in millions ) : concentrations in the available sources of supply of materials and product although certain components essential to the company's business are generally available from multiple sources , other key components ( including microprocessors and application-specific integrated circuits , or ( "asics" ) ) are currently obtained by the company from single or limited sources .some other key components , while currently available to the company from multiple sources , are at times subject to industry- wide availability and pricing pressures .in addition , the company uses some components that are not common to the rest of the personal computer industry , and new products introduced by the company often initially utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers .if the supply of a key single-sourced component to the company were to be delayed or curtailed or in the event a key manufacturing vendor delays shipments of completed products to the company , the company's ability to ship related products in desired quantities and in a timely manner could be adversely affected .the company's business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company's requirements .finally , significant portions of the company's cpus , logic boards , and assembled products are now manufactured by outsourcing partners , the majority of which occurs in various parts of asia .although the company works closely with its outsourcing partners on manufacturing schedules and levels , the company's operating results could be adversely affected if its outsourcing partners were unable to meet their production obligations .contingencies beginning on september 27 , 2001 , three shareholder class action lawsuits were filed in the united states district court for the northern district of california against the company and its chief executive officer .these lawsuits are substantially identical , and purport to bring suit on behalf of persons who purchased the company's publicly traded common stock between july 19 , 2000 , and september 28 , 2000 .the complaints allege violations of the 1934 securities exchange act and seek unspecified compensatory damages and other relief .the company believes these claims are without merit and intends to defend them vigorously .the company filed a motion to dismiss on june 4 , 2002 , which was heard by the court on september 13 , 2002 .on december 11 , 2002 , the court granted the company's motion to dismiss for failure to state a cause of action , with leave to plaintiffs to amend their complaint within thirty days .the company is subject to certain other legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated .in the opinion of management , the company does not have a potential liability related to any current legal proceedings and claims that would have a material adverse effect on its financial condition , liquidity or results of operations .however , the results of legal proceedings cannot be predicted with certainty .should the company fail to prevail in any of these legal matters or should several of these legal matters be resolved against the company in the same reporting period , the operating results of a particular reporting period could be materially adversely affected .the parliament of the european union is working on finalizing the waste electrical and electronic equipment directive ( the directive ) .the directive makes producers of electrical goods , including personal computers , financially responsible for the collection , recycling , and safe disposal of past and future products .the directive must now be approved and implemented by individual european union governments by june 2004 , while the producers' financial obligations are scheduled to start june 2005 .the company's potential liability resulting from the directive related to past sales of its products and expenses associated with future sales of its product may be substantial .however , because it is likely that specific laws , regulations , and enforcement policies will vary significantly between individual european member states , it is not currently possible to estimate the company's existing liability or future expenses resulting from the directive .as the european union and its individual member states clarify specific requirements and policies with respect to the directive , the company will continue to assess its potential financial impact .similar legislation may be enacted in other geographies , including federal and state legislation in the united states , the cumulative impact of which could be significant .fiscal years .
[['2003', '$ 83'], ['2004', '78'], ['2005', '66'], ['2006', '55'], ['2007', '42'], ['later years', '140'], ['total minimum lease payments', '$ 464']]
.
|
what percentage of total minimum lease payments is due after 2007?
|
30%
|
{
"answer": "30%",
"decimal": 0.3,
"type": "percentage"
}
| |
the containerboard group ( a division of tenneco packaging inc. ) notes to combined financial statements ( continued ) april 11 , 1999 14 .leases ( continued ) to the sale transaction on april 12 , 1999 .therefore , the remaining outstanding aggregate minimum rental commitments under noncancelable operating leases are as follows : ( in thousands ) .
[['remainder of 1999', '$ 7606'], ['2000', '7583'], ['2001', '4891'], ['2002', '3054'], ['2003', '1415'], ['thereafter', '1178'], ['total', '$ 25727']]
15 .sale of assets in the second quarter of 1996 , packaging entered into an agreement to form a joint venture with caraustar industries whereby packaging sold its two recycled paperboard mills and a fiber recycling operation and brokerage business to the joint venture in return for cash and a 20% ( 20 % ) equity interest in the joint venture .proceeds from the sale were approximately $ 115 million and the group recognized a $ 50 million pretax gain ( $ 30 million after taxes ) in the second quarter of 1996 .in june , 1998 , packaging sold its remaining 20% ( 20 % ) equity interest in the joint venture to caraustar industries for cash and a note of $ 26000000 .the group recognized a $ 15 million pretax gain on this transaction .at april 11 , 1999 , the balance of the note with accrued interest is $ 27122000 .the note was paid in june , 1999 .16 .subsequent events on august 25 , 1999 , pca and packaging agreed that the acquisition consideration should be reduced as a result of a postclosing price adjustment by an amount equal to $ 20 million plus interest through the date of payment by packaging .the group recorded $ 11.9 million of this amount as part of the impairment charge on the accompanying financial statements , representing the amount that was previously estimated by packaging .pca intends to record the remaining amount in september , 1999 .in august , 1999 , pca signed purchase and sales agreements with various buyers to sell approximately 405000 acres of timberland .pca has completed the sale of approximately 260000 of these acres and expects to complete the sale of the remaining acres by mid-november , 1999. .
|
of the post-closing price adjustment of $ 20 million plus interest , what percentage was recognized as part of the impairment charge on the accompanying financial statements?
|
59.5%
|
{
"answer": "59.5%",
"decimal": 0.595,
"type": "percentage"
}
| |
new term loan a facility , with the remaining unpaid principal amount of loans under the new term loan a facility due and payable in full at maturity on june 6 , 2021 .principal amounts outstanding under the new revolving loan facility are due and payable in full at maturity on june 6 , 2021 , subject to earlier repayment pursuant to the springing maturity date described above .in addition to paying interest on outstanding principal under the borrowings , we are obligated to pay a quarterly commitment fee at a rate determined by reference to a total leverage ratio , with a maximum commitment fee of 40% ( 40 % ) of the applicable margin for eurocurrency loans .in july 2016 , breakaway four , ltd. , as borrower , and nclc , as guarantor , entered into a supplemental agreement , which amended the breakaway four loan to , among other things , increase the aggregate principal amount of commitments under the multi-draw term loan credit facility from 20ac590.5 million to 20ac729.9 million .in june 2016 , we took delivery of seven seas explorer .to finance the payment due upon delivery , we had export credit financing in place for 80% ( 80 % ) of the contract price .the associated $ 373.6 million term loan bears interest at 3.43% ( 3.43 % ) with a maturity date of june 30 , 2028 .principal and interest payments shall be paid semiannually .in december 2016 , nclc issued $ 700.0 million aggregate principal amount of 4.750% ( 4.750 % ) senior unsecured notes due december 2021 ( the 201cnotes 201d ) in a private offering ( the 201coffering 201d ) at par .nclc used the net proceeds from the offering , after deducting the initial purchasers 2019 discount and estimated fees and expenses , together with cash on hand , to purchase its outstanding 5.25% ( 5.25 % ) senior notes due 2019 having an aggregate outstanding principal amount of $ 680 million .the redemption of the 5.25% ( 5.25 % ) senior notes due 2019 was completed in january 2017 .nclc will pay interest on the notes at 4.750% ( 4.750 % ) per annum , semiannually on june 15 and december 15 of each year , commencing on june 15 , 2017 , to holders of record at the close of business on the immediately preceding june 1 and december 1 , respectively .nclc may redeem the notes , in whole or part , at any time prior to december 15 , 2018 , at a price equal to 100% ( 100 % ) of the principal amount of the notes redeemed plus accrued and unpaid interest to , but not including , the redemption date and a 201cmake-whole premium . 201d nclc may redeem the notes , in whole or in part , on or after december 15 , 2018 , at the redemption prices set forth in the indenture governing the notes .at any time ( which may be more than once ) on or prior to december 15 , 2018 , nclc may choose to redeem up to 40% ( 40 % ) of the aggregate principal amount of the notes at a redemption price equal to 104.750% ( 104.750 % ) of the face amount thereof with an amount equal to the net proceeds of one or more equity offerings , so long as at least 60% ( 60 % ) of the aggregate principal amount of the notes issued remains outstanding following such redemption .the indenture governing the notes contains covenants that limit nclc 2019s ability ( and its restricted subsidiaries 2019 ability ) to , among other things : ( i ) incur or guarantee additional indebtedness or issue certain preferred shares ; ( ii ) pay dividends and make certain other restricted payments ; ( iii ) create restrictions on the payment of dividends or other distributions to nclc from its restricted subsidiaries ; ( iv ) create liens on certain assets to secure debt ; ( v ) make certain investments ; ( vi ) engage in transactions with affiliates ; ( vii ) engage in sales of assets and subsidiary stock ; and ( viii ) transfer all or substantially all of its assets or enter into merger or consolidation transactions .the indenture governing the notes also provides for events of default , which , if any of them occurs , would permit or require the principal , premium ( if any ) , interest and other monetary obligations on all of the then-outstanding notes to become due and payable immediately .interest expense , net for the year ended december 31 , 2016 was $ 276.9 million which included $ 34.7 million of amortization of deferred financing fees and a $ 27.7 million loss on extinguishment of debt .interest expense , net for the year ended december 31 , 2015 was $ 221.9 million which included $ 36.7 million of amortization of deferred financing fees and a $ 12.7 million loss on extinguishment of debt .interest expense , net for the year ended december 31 , 2014 was $ 151.8 million which included $ 32.3 million of amortization of deferred financing fees and $ 15.4 million of expenses related to financing transactions in connection with the acquisition of prestige .certain of our debt agreements contain covenants that , among other things , require us to maintain a minimum level of liquidity , as well as limit our net funded debt-to-capital ratio , maintain certain other ratios and restrict our ability to pay dividends .substantially all of our ships and other property and equipment are pledged as collateral for certain of our debt .we believe we were in compliance with these covenants as of december 31 , 2016 .the following are scheduled principal repayments on long-term debt including capital lease obligations as of december 31 , 2016 for each of the next five years ( in thousands ) : .
[['year', 'amount'], ['2017', '$ 560193'], ['2018', '554846'], ['2019', '561687'], ['2020', '1153733'], ['2021', '2193823'], ['thereafter', '1490322'], ['total', '$ 6514604']]
we had an accrued interest liability of $ 32.5 million and $ 34.2 million as of december 31 , 2016 and 2015 , respectively. .
|
what is the percentage change in accrued interest liability from 2015 to 2016?
|
-5.0%
|
{
"answer": "-5.0%",
"decimal": -0.05,
"type": "percentage"
}
| |
investments prior to our acquisition of keystone on october 12 , 2007 , we held common shares of keystone , which were classified as an available-for-sale investment security .accordingly , the investment was included in other assets at its fair value , with the unrealized gain excluded from earnings and included in accumulated other comprehensive income , net of applicable taxes .upon our acquisition of keystone on october 12 , 2007 , the unrealized gain was removed from accumulated other comprehensive income , net of applicable taxes , and the original cost of the common shares was considered a component of the purchase price .fair value of financial instruments our debt is reflected on the balance sheet at cost .based on current market conditions , our interest rate margins are below the rate available in the market , which causes the fair value of our debt to fall below the carrying value .the fair value of our term loans ( see note 6 , 201clong-term obligations 201d ) is approximately $ 570 million at december 31 , 2009 , as compared to the carrying value of $ 596 million .we estimated the fair value of our term loans by calculating the upfront cash payment a market participant would require to assume our obligations .the upfront cash payment , excluding any issuance costs , is the amount that a market participant would be able to lend at december 31 , 2009 to an entity with a credit rating similar to ours and achieve sufficient cash inflows to cover the scheduled cash outflows under our term loans .the carrying amounts of our cash and equivalents , net trade receivables and accounts payable approximate fair value .we apply the market approach to value our financial assets and liabilities , which include the cash surrender value of life insurance , deferred compensation liabilities and interest rate swaps .the market approach utilizes available market information to estimate fair value .required fair value disclosures are included in note 8 , 201cfair value measurements . 201d accrued expenses we self-insure a portion of employee medical benefits under the terms of our employee health insurance program .we purchase certain stop-loss insurance to limit our liability exposure .we also self-insure a portion of our property and casualty risk , which includes automobile liability , general liability , workers 2019 compensation and property under deductible insurance programs .the insurance premium costs are expensed over the contract periods .a reserve for liabilities associated with these losses is established for claims filed and claims incurred but not yet reported based upon our estimate of ultimate cost , which is calculated using analyses of historical data .we monitor new claims and claim development as well as trends related to the claims incurred but not reported in order to assess the adequacy of our insurance reserves .self-insurance reserves on the consolidated balance sheets are net of claims deposits of $ 0.7 million and $ 0.8 million , at december 31 , 2009 and 2008 , respectively .while we do not expect the amounts ultimately paid to differ significantly from our estimates , our insurance reserves and corresponding expenses could be affected if future claim experience differs significantly from historical trends and assumptions .product warranties some of our mechanical products are sold with a standard six-month warranty against defects .we record the estimated warranty costs at the time of sale using historical warranty claim information to project future warranty claims activity and related expenses .the changes in the warranty reserve are as follows ( in thousands ) : .
[['balance as of january 1 2008', '$ 580'], ['warranty expense', '3681'], ['warranty claims', '-3721 ( 3721 )'], ['balance as of december 31 2008', '540'], ['warranty expense', '5033'], ['warranty claims', '-4969 ( 4969 )'], ['balance as of december 31 2009', '$ 604']]
.
|
what was the change in warranty reserves from 2008 to 2009?
|
64
|
{
"answer": "64",
"decimal": 64,
"type": "float"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) pro forma disclosure 2014the company has adopted the disclosure-only provisions of sfas no .123 , as amended by sfas no .148 , and has presented such disclosure in note 1 .the 201cfair value 201d of each option grant is estimated on the date of grant using the black-scholes option pricing model .the weighted average fair values of the company 2019s options granted during 2004 , 2003 and 2002 were $ 7.05 , $ 6.32 , and $ 2.23 per share , respectively .key assumptions used to apply this pricing model are as follows: .
[['', '2004', '2003', '2002'], ['approximate risk-free interest rate', '4.23% ( 4.23 % )', '4.00% ( 4.00 % )', '4.53% ( 4.53 % )'], ['expected life of option grants', '4 years', '4 years', '5 years'], ['expected volatility of underlying stock ( the company plan )', '80.6% ( 80.6 % )', '86.6% ( 86.6 % )', '92.3% ( 92.3 % )'], ['expected volatility of underlying stock ( atc mexico and atc south america plans )', 'n/a', 'n/a', 'n/a'], ['expected dividends', 'n/a', 'n/a', 'n/a']]
voluntary option exchanges 2014in february 2004 , the company issued to eligible employees 1032717 options with an exercise price of $ 11.19 per share , the fair market value of the class a common stock on the date of grant .these options were issued in connection with a voluntary option exchange program entered into by the company in august 2003 , where the company accepted for surrender and cancelled options ( having an exercise price of $ 10.25 or greater ) to purchase 1831981 shares of its class a common stock .the program , which was offered to both full and part-time employees , excluding the company 2019s executive officers and its directors , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option .no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date .in may 2002 , the company issued to eligible employees 2027612 options with an exercise price of $ 3.84 per share , the fair market value of the class a common stock on the date of grant .these options were issued in connection with a voluntary option exchange program entered into by the company in october 2001 , where the company accepted for surrender and cancelled options to purchase 3471211 shares of its class a common stock .the program , which was offered to both full and part-time employees , excluding most of the company 2019s executive officers , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option .no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date .atc mexico holding stock option plan 2014the company maintains a stock option plan in its atc mexico subsidiary ( atc mexico plan ) .the atc mexico plan provides for the issuance of options to officers , employees , directors and consultants of atc mexico .the atc mexico plan limits the number of shares of common stock which may be granted to an aggregate of 360 shares , subject to adjustment based on changes in atc mexico 2019s capital structure .during 2002 , atc mexico granted options to purchase 318 shares of atc mexico common stock to officers and employees .such options were issued at one time with an exercise price of $ 10000 per share .the exercise price per share was at fair market value as determined by the board of directors with the assistance of an independent appraisal performed at the company 2019s request .the fair value of atc mexico plan options granted during 2002 were $ 3611 per share as determined by using the black-scholes option pricing model .as described in note 10 , all outstanding options were exercised in march 2004 .no options under the atc mexico plan were granted in 2004 or 2003 , or exercised or cancelled in 2003 or 2002 , and no options were exercisable as of december 31 , 2003 or 2002 .( see note 10. ) .
|
based on the black-scholes option pricing model what was the percent of the change in the option prices from 2003 to 2004
|
11.6%
|
{
"answer": "11.6%",
"decimal": 0.11599999999999999,
"type": "percentage"
}
| |
jpmorgan chase & co./2009 annual report 181 the following table shows the current credit risk of derivative receivables after netting adjustments , and the current liquidity risk of derivative payables after netting adjustments , as of december 31 , 2009. .
[['december 31 2009 ( in millions )', 'derivative receivables', 'derivative payables'], ['gross derivative fair value', '$ 1565518', '$ 1519183'], ['nettingadjustment 2013 offsetting receivables/payables', '-1419840 ( 1419840 )', '-1419840 ( 1419840 )'], ['nettingadjustment 2013 cash collateral received/paid', '-65468 ( 65468 )', '-39218 ( 39218 )'], ['carrying value on consolidated balance sheets', '$ 80210', '$ 60125']]
in addition to the collateral amounts reflected in the table above , at december 31 , 2009 , the firm had received and posted liquid secu- rities collateral in the amount of $ 15.5 billion and $ 11.7 billion , respectively .the firm also receives and delivers collateral at the initiation of derivative transactions , which is available as security against potential exposure that could arise should the fair value of the transactions move in the firm 2019s or client 2019s favor , respectively .furthermore , the firm and its counterparties hold collateral related to contracts that have a non-daily call frequency for collateral to be posted , and collateral that the firm or a counterparty has agreed to return but has not yet settled as of the reporting date .at december 31 , 2009 , the firm had received $ 16.9 billion and delivered $ 5.8 billion of such additional collateral .these amounts were not netted against the derivative receivables and payables in the table above , because , at an individual counterparty level , the collateral exceeded the fair value exposure at december 31 , 2009 .credit derivatives credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer ( the reference entity ) and which allow one party ( the protection purchaser ) to transfer that risk to another party ( the protection seller ) .credit derivatives expose the protection purchaser to the creditworthiness of the protection seller , as the protection seller is required to make payments under the contract when the reference entity experiences a credit event , such as a bankruptcy , a failure to pay its obligation or a restructuring .the seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event .the firm is both a purchaser and seller of protection in the credit derivatives market and uses these derivatives for two primary purposes .first , in its capacity as a market-maker in the dealer/client business , the firm actively risk manages a portfolio of credit derivatives by purchasing and selling credit protection , pre- dominantly on corporate debt obligations , to meet the needs of customers .as a seller of protection , the firm 2019s exposure to a given reference entity may be offset partially , or entirely , with a contract to purchase protection from another counterparty on the same or similar reference entity .second , the firm uses credit derivatives to mitigate credit risk associated with its overall derivative receivables and traditional commercial credit lending exposures ( loans and unfunded commitments ) as well as to manage its exposure to residential and commercial mortgages .see note 3 on pages 156--- 173 of this annual report for further information on the firm 2019s mortgage-related exposures .in accomplishing the above , the firm uses different types of credit derivatives .following is a summary of various types of credit derivatives .credit default swaps credit derivatives may reference the credit of either a single refer- ence entity ( 201csingle-name 201d ) or a broad-based index , as described further below .the firm purchases and sells protection on both single- name and index-reference obligations .single-name cds and index cds contracts are both otc derivative contracts .single- name cds are used to manage the default risk of a single reference entity , while cds index are used to manage credit risk associated with the broader credit markets or credit market segments .like the s&p 500 and other market indices , a cds index is comprised of a portfolio of cds across many reference entities .new series of cds indices are established approximately every six months with a new underlying portfolio of reference entities to reflect changes in the credit markets .if one of the reference entities in the index experi- ences a credit event , then the reference entity that defaulted is removed from the index .cds can also be referenced against spe- cific portfolios of reference names or against customized exposure levels based on specific client demands : for example , to provide protection against the first $ 1 million of realized credit losses in a $ 10 million portfolio of exposure .such structures are commonly known as tranche cds .for both single-name cds contracts and index cds , upon the occurrence of a credit event , under the terms of a cds contract neither party to the cds contract has recourse to the reference entity .the protection purchaser has recourse to the protection seller for the difference between the face value of the cds contract and the fair value of the reference obligation at the time of settling the credit derivative contract , also known as the recovery value .the protection purchaser does not need to hold the debt instrument of the underlying reference entity in order to receive amounts due under the cds contract when a credit event occurs .credit-linked notes a credit linked note ( 201ccln 201d ) is a funded credit derivative where the issuer of the cln purchases credit protection on a referenced entity from the note investor .under the contract , the investor pays the issuer par value of the note at the inception of the transaction , and in return , the issuer pays periodic payments to the investor , based on the credit risk of the referenced entity .the issuer also repays the investor the par value of the note at maturity unless the reference entity experiences a specified credit event .in that event , the issuer is not obligated to repay the par value of the note , but rather , the issuer pays the investor the difference between the par value of the note .
|
in 2009 what was the ratio of the gross derivative fair value recievables to the payables
|
1.03
|
{
"answer": "1.03",
"decimal": 1.03,
"type": "float"
}
| |
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 percentage change in the aggregate balance from 2015 to 2016 for phillip r . may jr.?
|
11.2%
|
{
"answer": "11.2%",
"decimal": 0.11199999999999999,
"type": "percentage"
}
| |
entergy corporation and subsidiaries notes to financial statements ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term .the amount was a net regulatory asset ( liability ) of ( $ 2.0 ) million and $ 60.6 million as of december 31 , 2011 and 2010 , respectively .as of december 31 , 2011 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .
[['', 'amount ( in thousands )'], ['2012', '$ 49959'], ['2013', '50546'], ['2014', '51637'], ['2015', '52253'], ['2016', '-'], ['years thereafter', '-'], ['total', '204395'], ['less : amount representing interest', '25611'], ['present value of net minimum lease payments', '$ 178784']]
.
|
as of december 31 , 2011what was the percent of system energy future minimum lease payments that was due in 2015
|
25.6%
|
{
"answer": "25.6%",
"decimal": 0.256,
"type": "percentage"
}
| |
management 2019s discussion and analysis of financial condition and results of operations in 2008 , sales to the segment 2019s top five customers represented approximately 45% ( 45 % ) of the segment 2019s net sales .the segment 2019s backlog was $ 2.3 billion at december 31 , 2008 , compared to $ 2.6 billion at december 31 , 2007 .in 2008 , our digital video customers significantly increased their purchases of the segment 2019s products and services , primarily due to increased demand for digital entertainment devices , particularly ip and hd/dvr devices .in february 2008 , the segment acquired the assets related to digital cable set-top products of zhejiang dahua digital technology co. , ltd and hangzhou image silicon ( known collectively as dahua digital ) , a developer , manufacturer and marketer of cable set-tops and related low-cost integrated circuits for the emerging chinese cable business .the acquisition helped the segment strengthen its position in the rapidly growing cable market in china .enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radios , wireless lan and security products , voice and data communications products and systems for private networks , wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of customers , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 2018 2018government and public safety market 2019 2019 ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 2018 2018commercial enterprise market 2019 2019 ) .in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2008 and 21% ( 21 % ) in 2007 .years ended december 31 percent change ( dollars in millions ) 2009 2008 2007 2009 20142008 2008 20142007 .
[['( dollars in millions )', 'years ended december 31 2009', 'years ended december 31 2008', 'years ended december 31 2007', 'years ended december 31 2009 20142008', '2008 20142007'], ['segment net sales', '$ 7008', '$ 8093', '$ 7729', '( 13 ) % ( % )', '5% ( 5 % )'], ['operating earnings', '1057', '1496', '1213', '( 29 ) % ( % )', '23% ( 23 % )']]
segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.0 billion , a decrease of 13% ( 13 % ) compared to net sales of $ 8.1 billion in 2008 .the 13% ( 13 % ) decrease in net sales reflects a 21% ( 21 % ) decrease in net sales to the commercial enterprise market and a 10% ( 10 % ) decrease in net sales to the government and public safety market .the decrease in net sales to the commercial enterprise market reflects decreased net sales in all regions .the decrease in net sales to the government and public safety market was primarily driven by decreased net sales in emea , north america and latin america , partially offset by higher net sales in asia .the segment 2019s overall net sales were lower in north america , emea and latin america and higher in asia the segment had operating earnings of $ 1.1 billion in 2009 , a decrease of 29% ( 29 % ) compared to operating earnings of $ 1.5 billion in 2008 .the decrease in operating earnings was primarily due to a decrease in gross margin , driven by the 13% ( 13 % ) decrease in net sales and an unfavorable product mix .also contributing to the decrease in operating earnings was an increase in reorganization of business charges , relating primarily to higher employee severance costs .these factors were partially offset by decreased sg&a expenses and r&d expenditures , primarily related to savings from cost-reduction initiatives .as a percentage of net sales in 2009 as compared 2008 , gross margin decreased and r&d expenditures and sg&a expenses increased .net sales in north america continued to comprise a significant portion of the segment 2019s business , accounting for approximately 58% ( 58 % ) of the segment 2019s net sales in 2009 , compared to approximately 57% ( 57 % ) in 2008 .the regional shift in 2009 as compared to 2008 reflects a 16% ( 16 % ) decline in net sales outside of north america and a 12% ( 12 % ) decline in net sales in north america .the segment 2019s backlog was $ 2.4 billion at both december 31 , 2009 and december 31 , 2008 .in our government and public safety market , we see a continued emphasis on mission-critical communication and homeland security solutions .in 2009 , we led market innovation through the continued success of our mototrbo line and the delivery of the apx fffd family of products .while spending by end customers in the segment 2019s government and public safety market is affected by government budgets at the national , state and local levels , we continue to see demand for large-scale mission critical communications systems .in 2009 , we had significant wins across the globe , including several city and statewide communications systems in the united states , and continued success winning competitive projects with our tetra systems in europe , the middle east .
|
in 2007 what was the ratio of the segment net sales to the operating earnings
|
in 2007 what was the ratio of the segment net sales to the operating earnings
|
{
"answer": "in 2007 what was the ratio of the segment net sales to the operating earnings",
"decimal": 2007,
"type": "open_ended_answer"
}
| |
contractual obligations the following table summarizes our significant contractual obligations as of december 28 , 2013: .
[['( in millions )', 'payments due by period total', 'payments due by period less than1 year', 'payments due by period 1 20133 years', 'payments due by period 3 20135 years', 'payments due by period more than5 years'], ['operating lease obligations', '$ 870', '$ 208', '$ 298', '$ 166', '$ 198'], ['capital purchase obligations1', '5503', '5375', '125', '2014', '3'], ['other purchase obligations and commitments2', '1859', '772', '744', '307', '36'], ['long-term debt obligations3', '22372', '429', '2360', '3761', '15822'], ['other long-term liabilities4 5', '1496', '569', '663', '144', '120'], ['total6', '$ 32100', '$ 7353', '$ 4190', '$ 4378', '$ 16179']]
capital purchase obligations1 5503 5375 125 2014 3 other purchase obligations and commitments2 1859 772 744 307 36 long-term debt obligations3 22372 429 2360 3761 15822 other long-term liabilities4 , 5 1496 569 663 144 120 total6 $ 32100 $ 7353 $ 4190 $ 4378 $ 16179 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment .they were not recorded as liabilities on our consolidated balance sheets as of december 28 , 2013 , as we had not yet received the related goods or taken title to the property .2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations .funding obligations include agreements to fund various projects with other companies .3 amounts represent principal and interest cash payments over the life of the debt obligations , including anticipated interest payments that are not recorded on our consolidated balance sheets .any future settlement of convertible debt would impact our cash payments .4 we are unable to reliably estimate the timing of future payments related to uncertain tax positions ; therefore , $ 188 million of long-term income taxes payable has been excluded from the preceding table .however , long- term income taxes payable , recorded on our consolidated balance sheets , included these uncertain tax positions , reduced by the associated federal deduction for state taxes and u.s .tax credits arising from non- u.s .income taxes .5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities .expected required contributions to our u.s .and non-u.s .pension plans and other postretirement benefit plans of $ 62 million to be made during 2014 are also included ; however , funding projections beyond 2014 are not practicable to estimate .6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities except for the short-term portions of long-term debt obligations and other long-term liabilities .contractual obligations for purchases of goods or services , included in other purchase obligations and commitments in the preceding table , include agreements that are enforceable and legally binding on intel and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction .for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee .we have entered into certain agreements for the purchase of raw materials that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements .due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements are not included in the preceding table .our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons .in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements .table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
|
as of december 28 , 2013 capital purchase obligations to the total of the total
|
17.1%
|
{
"answer": "17.1%",
"decimal": 0.171,
"type": "percentage"
}
|
as of december 28 , 2013 the total amount was made of 17.1% capital purchase obligations
|
and penalties , resulting in a liability of $ 1 million for interest and penalties as of december 31 , 2018 .in 2017 , there was a net decrease in income tax expense of $ 1 million for interest and penalties , resulting in no material liability for interest and penalties as of december 31 , 2017 .the 2017 changes in interest and penalties related to statute of limitation expirations .in 2016 , there was a net decrease in income tax expense of $ 2 million for interest and penalties , resulting in a total liability of $ 1 million for interest and penalties as of december 31 , 2016 .the 2016 changes in interest and penalties related to reductions in prior year tax positions and settlement with a taxing authority .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 ( 1 )', 'jurisdiction 2011', 'jurisdiction -', '2017'], ['connecticut', '2016', '-', '2017'], ['mississippi', '2012', '-', '2017'], ['virginia ( 1 )', '2011', '-', '2017']]
virginia ( 1 ) 2011 - 2017 ( 1 ) the 2014 tax year has been closed in these jurisdictions .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 $ 14 million due to resolution of a federal uncertain tax position .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 through 2018 tax years .open tax years related to state jurisdictions remain subject to examination .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 .as described above , deferred tax assets and liabilities are calculated as of the balance sheet date using current tax laws and rates expected to be in effect when the deferred tax items reverse in future periods .as a result of the reduction in the corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) under the tax act , the company revalued its net deferred tax assets as of december 31 , 2017 .net deferred tax assets are classified as long-term deferred tax assets in the consolidated statements of financial position. .
|
what is the liability for interest and penalties as of december 31 , 2016?
|
1
|
{
"answer": "1",
"decimal": 1,
"type": "float"
}
| |
jpmorgan chase & co ./ 2007 annual report 169 for qualifying fair value hedges , all changes in the fair value of the derivative and in the fair value of the hedged item for the risk being hedged are recognized in earnings .if the hedge relationship is termi- nated , then the fair value adjustment to the hedged item continues to be reported as part of the basis of the item and continues to be amor- tized to earnings as a yield adjustment .for qualifying cash flow hedges , the effective portion of the change in the fair value of the derivative is recorded in other comprehensive income and recognized in the consolidated statement of income when the hedged cash flows affect earnings .the ineffective portions of cash flow hedges are immediately recognized in earnings .if the hedge relationship is terminated , then the change in fair value of the derivative recorded in other comprehensive income is recognized when the cash flows that were hedged occur , con- sistent with the original hedge strategy .for hedge relationships discon- tinued because the forecasted transaction is not expected to occur according to the original strategy , any related derivative amounts recorded in other comprehensive income are immediately recognized in earnings .for qualifying net investment hedges , changes in the fair value of the derivative or the revaluation of the foreign currency 2013denominated debt instrument are recorded in the translation adjustments account within other comprehensive income .jpmorgan chase 2019s fair value hedges primarily include hedges of fixed- rate long-term debt , warehouse loans , afs securities , msrs and gold inventory .interest rate swaps are the most common type of derivative contract used to modify exposure to interest rate risk , converting fixed-rate assets and liabilities to a floating-rate .prior to the adoption of sfas 156 , interest rate options , swaptions and forwards were also used in combination with interest rate swaps to hedge the fair value of the firm 2019s msrs in sfas 133 hedge relationships .for a further discus- sion of msr risk management activities , see note 18 on pages 154 2013156 of this annual report .all amounts have been included in earnings consistent with the classification of the hedged item , primarily net interest income for long-term debt and afs securities ; mortgage fees and related income for msrs , other income for warehouse loans ; and principal transactions for gold inventory .the firm did not recog- nize any gains or losses during 2007 , 2006 or 2005 on firm commit- ments that no longer qualify as fair value hedges .jpmorgan chase also enters into derivative contracts to hedge expo- sure to variability in cash flows from floating-rate financial instruments and forecasted transactions , primarily the rollover of short-term assets and liabilities , and foreign currency 2013denominated revenue and expense .interest rate swaps , futures and forward contracts are the most common instruments used to reduce the impact of interest rate and foreign exchange rate changes on future earnings .all amounts affecting earnings have been recognized consistent with the classifica- tion of the hedged item , primarily net interest income .the firm uses forward foreign exchange contracts and foreign curren- cy 2013denominated debt instruments to protect the value of net invest- ments in subsidiaries , the functional currency of which is not the u.s .dollar .the portion of the hedging instruments excluded from the assessment of hedge effectiveness ( forward points ) is recorded in net interest income .the following table presents derivative instrument hedging-related activities for the periods indicated. .
[['year ended december 31 ( in millions )', '2007', '2006', '2005'], ['fair value hedge ineffective net gains/ ( losses ) ( a )', '$ 111', '$ 51', '$ -58 ( 58 )'], ['cash flow hedge ineffective net gains/ ( losses ) ( a )', '29', '2', '-2 ( 2 )'], ['cash flow hedging net gains/ ( losses ) on forecasted transactions that failed tooccur ( b )', '15', '2014', '2014']]
fair value hedge ineffective net gains/ ( losses ) ( a ) $ 111 $ 51 $ ( 58 ) cash flow hedge ineffective net gains/ ( losses ) ( a ) 29 2 ( 2 ) cash flow hedging net gains/ ( losses ) on forecasted transactions that failed to occur ( b ) 15 2014 2014 ( a ) includes ineffectiveness and the components of hedging instruments that have been excluded from the assessment of hedge effectiveness .( b ) during the second half of 2007 , the firm did not issue short-term fixed rate canadian dollar denominated notes due to the weak credit market for canadian short-term over the next 12 months , it is expected that $ 263 million ( after-tax ) of net losses recorded in other comprehensive income at december 31 , 2007 , will be recognized in earnings .the maximum length of time over which forecasted transactions are hedged is 10 years , and such transactions primarily relate to core lending and borrowing activities .jpmorgan chase does not seek to apply hedge accounting to all of the firm 2019s economic hedges .for example , the firm does not apply hedge accounting to standard credit derivatives used to manage the credit risk of loans and commitments because of the difficulties in qualifying such contracts as hedges under sfas 133 .similarly , the firm does not apply hedge accounting to certain interest rate deriva- tives used as economic hedges. .
|
in 2007 what was the ratio of the fair value hedge ineffective net gains/ ( losses ) to the cash flow hedge ineffective net gains/ ( losses ) ( a )
|
3.83
|
{
"answer": "3.83",
"decimal": 3.83,
"type": "float"
}
| |
jpmorgan chase & co./2016 annual report 35 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 united states of america ( 201cu.s . 201d ) equity benchmark 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 , 2011 , in jpmorgan chase common stock and in each of the above indices .the comparison assumes that all dividends are reinvested .december 31 , ( in dollars ) 2011 2012 2013 2014 2015 2016 .
[['december 31 ( in dollars )', '2011', '2012', '2013', '2014', '2015', '2016'], ['jpmorgan chase', '$ 100.00', '$ 136.18', '$ 186.17', '$ 204.57', '$ 221.68', '$ 298.31'], ['kbw bank index', '100.00', '133.03', '183.26', '200.42', '201.40', '258.82'], ['s&p financial index', '100.00', '128.75', '174.57', '201.06', '197.92', '242.94'], ['s&p 500 index', '100.00', '115.99', '153.55', '174.55', '176.95', '198.10']]
december 31 , ( in dollars ) .
|
based on the review of the simultaneous investments of the jpmorgan chase common stock and in each of the above indices what was the performance ratio of the jpmorgan chase compared to kbw bank index
|
1.15
|
{
"answer": "1.15",
"decimal": 1.15,
"type": "float"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) maturities 2014as of december 31 , 2003 , aggregate principal payments of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 .
[['2004', '$ 77622'], ['2005', '115444'], ['2006', '365051'], ['2007', '728153'], ['2008', '808043'], ['thereafter', '1650760'], ['total cash obligations', '3745073'], ['accreted value of original issue discount of the ati 12.25% ( 12.25 % ) notes', '-339601 ( 339601 )'], ['accreted value of the related warrants', '-44247 ( 44247 )'], ['balance as of december 31 2003', '$ 3361225']]
the holders of the company 2019s convertible notes have the right to require the company to repurchase their notes on specified dates prior to their maturity dates in 2009 and 2010 , but the company may pay the purchase price by issuing shares of class a common stock , subject to certain conditions .obligations with respect to the right of the holders to put the 6.25% ( 6.25 % ) notes and 5.0% ( 5.0 % ) notes have been included in the table above as if such notes mature on the date of their put rights in 2006 and 2007 , respectively .( see note 19. ) 8 .derivative financial instruments under the terms of the credit facilities , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt .under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract .such exposure is limited to the current value of the contract at the time the counterparty fails to perform .the company believes its contracts as of december 31 , 2003 are with credit worthy institutions .as of december 31 , 2003 , the company had three interest rate caps outstanding that include an aggregate notional amount of $ 500.0 million ( each at an interest rate of 5% ( 5 % ) ) and expire in 2004 .as of december 31 , 2003 and 2002 , liabilities related to derivative financial instruments of $ 0.0 million and $ 15.5 million are reflected in other long-term liabilities in the accompanying consolidated balance sheet .during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations .during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations .hedge ineffectiveness resulted in a gain of approximately $ 1.0 million and a loss of approximately $ 2.2 million for the years ended december 31 , 2002 and 2001 , respectively , which are recorded in loss on investments and other expense in the accompanying consolidated statements of operations for those periods .the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in loss on investments and other expense .the company does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2003. .
|
during the year ended december 2003 what was the tax rate applicable to the recorded an unrealized loss
|
33.3%
|
{
"answer": "33.3%",
"decimal": 0.33299999999999996,
"type": "percentage"
}
| |
in addition , the company has reclassified the following amounts from 201cdistributions from other invested assets 201d included in cash flows from investing activities to 201cdistribution of limited partnership income 201d included in cash flows from operations for interim reporting periods of 2013 : $ 33686 thousand for the three months ended march 31 , 2013 ; $ 9409 thousand and $ 43095 thousand for the three months and six months ended june 30 , 2013 , respectively ; and $ 5638 thousand and $ 48733 thousand for the three months and nine months ended september 30 , 2013 , respectively .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 , rabbi trusts and an affiliated entity .limited partnerships and the affiliated entity 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 , 2013', 'years ended december 31 , 2012'], ['reinsurance receivables and premium receivables', '$ 29905', '$ 32011']]
.
|
for the years ended december 312013 and 2012 what was the change in the reinsurance receivables and premium receivables in thousands
|
-2106
|
{
"answer": "-2106",
"decimal": -2106,
"type": "float"
}
| |
analog devices , inc .notes to consolidated financial statements 2014 ( continued ) asu no .2011-05 is effective for fiscal years , and interim periods within those years , beginning after december 15 , 2011 , which is the company 2019s fiscal year 2013 .subsequently , in december 2011 , the fasb issued asu no .2011-12 , deferral of the effective date for amendments to the presentation of reclassifications of items out of accumulated other comprehensive income in accounting standards update no .2011-05 ( asu no .2011-12 ) , which defers only those changes in asu no .2011-05 that relate to the presentation of reclassification adjustments but does not affect all other requirements in asu no .2011-05 .the adoption of asu no .2011-05 and asu no .2011-12 will affect the presentation of comprehensive income but will not materially impact the company 2019s financial condition or results of operations .u .discontinued operations in november 2007 , the company entered into a purchase and sale agreement with certain subsidiaries of on semiconductor corporation to sell the company 2019s cpu voltage regulation and pc thermal monitoring business which consisted of core voltage regulator products for the central processing unit in computing and gaming applications and temperature sensors and fan-speed controllers for managing the temperature of the central processing unit .during fiscal 2008 , the company completed the sale of this business .in the first quarter of fiscal 2010 , proceeds of $ 1 million were released from escrow and $ 0.6 million net of tax was recorded as additional gain from the sale of discontinued operations .the company does not expect any additional proceeds from this sale .in september 2007 , the company entered into a definitive agreement to sell its baseband chipset business to mediatek inc .the decision to sell the baseband chipset business was due to the company 2019s decision to focus its resources in areas where its signal processing expertise can provide unique capabilities and earn superior returns .during fiscal 2008 , the company completed the sale of its baseband chipset business for net cash proceeds of $ 269 million .the company made cash payments of $ 1.7 million during fiscal 2009 related to retention payments for employees who transferred to mediatek inc .and for the reimbursement of intellectual property license fees incurred by mediatek .during fiscal 2010 , the company received cash proceeds of $ 62 million as a result of the receipt of a refundable withholding tax and also recorded an additional gain on sale of $ 0.3 million , or $ 0.2 million net of tax , due to the settlement of certain items at less than the amounts accrued .in fiscal 2011 , additional proceeds of $ 10 million were released from escrow and $ 6.5 million net of tax was recorded as additional gain from the sale of discontinued operations .the company does not expect any additional proceeds from this sale .the following amounts related to the cpu voltage regulation and pc thermal monitoring and baseband chipset businesses have been segregated from continuing operations and reported as discontinued operations. .
[['', '2012', '2011', '2010'], ['gain on sale of discontinued operations before income taxes', '$ 2014', '$ 10000', '$ 1316'], ['provision for income taxes', '2014', '3500', '457'], ['gain on sale of discontinued operations net of tax', '$ 2014', '$ 6500', '$ 859']]
3 .stock-based compensation and shareholders 2019 equity equity compensation plans the company grants , or has granted , stock options and other stock and stock-based awards under the 2006 stock incentive plan ( 2006 plan ) .the 2006 plan was approved by the company 2019s board of directors on january 23 , 2006 and was approved by shareholders on march 14 , 2006 and subsequently amended in march 2006 , june 2009 , september 2009 , december 2009 , december 2010 and june 2011 .the 2006 plan provides for the grant of up to 15 million shares of the company 2019s common stock , plus such number of additional shares that were subject to outstanding options under the company 2019s previous plans that are not issued because the applicable option award subsequently terminates or expires without being exercised .the 2006 plan provides for the grant of incentive stock options intended to qualify under section 422 of the internal revenue code of 1986 , as amended , non-statutory stock options , stock appreciation rights , restricted stock , restricted stock units and other stock-based awards .employees , officers , directors , consultants and advisors of the company and its subsidiaries are eligible to be granted awards under the 2006 plan .no award may be made under the 2006 plan after march 13 , 2016 , but awards previously granted may extend beyond that date .the company will not grant further options under any previous plans .while the company may grant to employees options that become exercisable at different times or within different periods , the company has generally granted to employees options that vest over five years and become exercisable in annual installments of 20% ( 20 % ) on each of the first , second , third , fourth and fifth anniversaries of the date of grant ; 33.3% ( 33.3 % ) on each of the third , fourth , and fifth anniversaries of the date of grant ; or in annual installments of 25% ( 25 % ) on each of the second , third , fourth .
|
what is the effective income tax rate in 2010 based on the information about the gains on sales of discontinued operations?
|
35%
|
{
"answer": "35%",
"decimal": 0.35,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 6 .long-term obligations outstanding amounts under the company 2019s long-term financing arrangements consist of the following as of december 31 , ( in thousands ) : .
[['', '2008', '2007'], ['commercial mortgage pass-through certificates series 2007-1', '$ 1750000', '$ 1750000'], ['revolving credit facility', '750000', '825000'], ['term loan', '325000', '2014'], ['7.25% ( 7.25 % ) senior subordinated notes', '288', '288'], ['7.50% ( 7.50 % ) senior notes', '225000', '225000'], ['7.125% ( 7.125 % ) senior notes', '501107', '502202'], ['7.00% ( 7.00 % ) senior notes', '500000', '500000'], ['5.0% ( 5.0 % ) convertible notes', '59683', '59683'], ['3.25% ( 3.25 % ) convertible notes', '2014', '18333'], ['3.00% ( 3.00 % ) convertible notes', '161893', '344568'], ['other convertible notes', '41', '41'], ['notes payable and capital leases', '60134', '60169'], ['total', '4333146', '4285284'], ['less current portion of long-term obligations', '-1837 ( 1837 )', '-1817 ( 1817 )'], ['long-term obligations', '$ 4331309', '$ 4283467']]
commercial mortgage pass-through certificates , series 2007-1 2014during the year ended december 31 , 2007 , the company completed a securitization transaction ( the securitization ) involving assets related to 5295 broadcast and wireless communications towers ( the secured towers ) owned by two special purpose subsidiaries of the company , through a private offering of $ 1.75 billion of commercial mortgage pass-through certificates , series 2007-1 ( the certificates ) .the certificates were issued by american tower trust i ( the trust ) , a trust established by american tower depositor sub , llc ( the depositor ) , an indirect wholly owned special purpose subsidiary of the company .the assets of the trust consist of a recourse loan ( the loan ) initially made by the depositor to american tower asset sub , llc and american tower asset sub ii , llc ( the borrowers ) , pursuant to a loan and security agreement among the foregoing parties dated as of may 4 , 2007 ( the loan agreement ) .the borrowers are special purpose entities formed solely for the purpose of holding the secured towers subject to the securitization .the certificates were issued in seven separate classes , comprised of class a-fx , class a-fl , class b , class c , class d , class e and class f .each of the certificates in classes b , c , d , e and f are subordinated in right of payment to any other class of certificates which has an earlier alphabetical designation .the certificates were issued with terms identical to the loan except for the class a-fl certificates , which bear interest at a floating rate while the related component of the loan bears interest at a fixed rate , as described below .the various classes of certificates were issued with a weighted average interest rate of approximately 5.61% ( 5.61 % ) .the certificates have an expected life of approximately seven years with a final repayment date in april 2037 .the company used the net proceeds from the securitization to repay all amounts outstanding under the spectrasite credit facilities , including approximately $ 765.0 million in principal , plus accrued interest thereon and other costs and expenses related thereto , as well as to repay approximately $ 250.0 million drawn under the revolving loan component of the credit facilities at the american tower operating company level .an additional $ 349.5 million of the proceeds was used to fund the company 2019s tender offer and consent solicitation for the ati .
|
what was the change in thousands in long-term obligations from 2007 to 2008?
|
47642
|
{
"answer": "47642",
"decimal": 47642,
"type": "float"
}
| |
the following were issued in 2007 : 2022 sfas 141 ( r ) , 201cbusiness combinations 201d 2022 sfas 160 , 201caccounting and reporting of noncontrolling interests in consolidated financial statements , an amendment of arb no .51 201d 2022 sec staff accounting bulletin no .109 2022 fin 46 ( r ) 7 , 201capplication of fasb interpretation no .46 ( r ) to investment companies 201d 2022 fsp fin 48-1 , 201cdefinition of settlement in fasb interpretation ( 201cfin 201d ) no .48 201d 2022 sfas 159 the following were issued in 2006 with an effective date in 2022 sfas 157 2022 the emerging issues task force ( 201ceitf 201d ) of the fasb issued eitf issue 06-4 , 201caccounting for deferred compensation and postretirement benefit aspects of endorsement split-dollar life insurance arrangements 201d status of defined benefit pension plan we have a noncontributory , qualified defined benefit pension plan ( 201cplan 201d or 201cpension plan 201d ) covering eligible employees .benefits are derived from a cash balance formula based on compensation levels , age and length of service .pension contributions are based on an actuarially determined amount necessary to fund total benefits payable to plan participants .consistent with our investment strategy , plan assets are primarily invested in equity investments and fixed income instruments .plan fiduciaries determine and review the plan 2019s investment policy .we calculate the expense associated with the pension plan in accordance with sfas 87 , 201cemployers 2019 accounting for pensions , 201d and we use assumptions and methods that are compatible with the requirements of sfas 87 , including a policy of reflecting trust assets at their fair market value .on an annual basis , we review the actuarial assumptions related to the pension plan , including the discount rate , the rate of compensation increase and the expected return on plan assets .the discount rate and compensation increase assumptions do not significantly affect pension expense .however , the expected long-term return on assets assumption does significantly affect pension expense .the expected long-term return on plan assets for determining net periodic pension cost for 2008 was 8.25% ( 8.25 % ) , unchanged from 2007 .under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods .each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to change by up to $ 7 million as the impact is amortized into results of operations .the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2009 estimated expense as a baseline .change in assumption estimated increase to 2009 pension expense ( in millions ) .
[['change in assumption', 'estimatedincrease to 2009pensionexpense ( in millions )'], ['.5% ( .5 % ) decrease in discount rate ( a )', ''], ['.5% ( .5 % ) decrease in expected long-term return on assets', '$ 16'], ['.5% ( .5 % ) increase in compensation rate', '$ 2']]
( a ) de minimis .we currently estimate a pretax pension expense of $ 124 million in 2009 compared with a pretax benefit of $ 32 million in 2008 .the 2009 values and sensitivities shown above include the qualified defined benefit plan maintained by national city that we merged into the pnc plan as of december 31 , 2008 .the expected increase in pension cost is attributable not only to the national city acquisition , but also to the significant variance between 2008 actual investment returns and long-term expected returns .our pension plan contribution requirements are not particularly sensitive to actuarial assumptions .investment performance has the most impact on contribution requirements and will drive the amount of permitted contributions in future years .also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan .we expect that the minimum required contributions under the law will be zero for 2009 .we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees .see note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report for additional information .risk management we encounter risk as part of the normal course of our business and we design risk management processes to help manage these risks .this risk management section first provides an overview of the risk measurement , control strategies , and monitoring aspects of our corporate-level risk management processes .following that discussion is an analysis of the risk management process for what we view as our primary areas of risk : credit , operational , liquidity , and market .the discussion of market risk is further subdivided into interest rate , trading , and equity and other investment risk areas .our use of financial derivatives as part of our overall asset and liability risk management process is also addressed within the risk management section of this item 7 .in appropriate places within this section , historical performance is also addressed. .
|
is pretax pension expense in 2009 larger when compared with a pretax benefit in 2008?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
organizations evaluate whether transactions should be accounted for as acquisitions ( or disposals ) of assets or businesses , with the expectation that fewer will qualify as acquisitions ( or disposals ) of businesses .the asu became effective for us on january 1 , 2018 .these amendments will be applied prospectively from the date of adoption .the effect of asu 2017-01 will be dependent upon the nature of future acquisitions or dispositions that we make , if any .in october 2016 , the fasb issued asu 2016-16 , 201cincome taxes ( topic 740 ) : intra-entity transfers of assets other than inventory . 201d the amendments in this update state that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory , such as intellectual property and property and equipment , when the transfer occurs .we will adopt asu 2016-16 effective january 1 , 2018 with no expected effect on our consolidated financial statements .in june 2016 , the fasb issued asu 2016-13 , 201cfinancial instruments - credit losses ( topic 326 ) : measurement of credit losses on financial instruments . 201d the amendments in this update change how companies measure and recognize credit impairment for many financial assets .the new expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets ( including trade receivables ) that are in the scope of the update .the update also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees .the guidance will become effective for us on january 1 , 2020 .early adoption is permitted for periods beginning on or after january 1 , 2019 .we are evaluating the effect of asu 2016-13 on our consolidated financial statements .in january 2016 , the fasb issued asu 2016-01 , 201cfinancial instruments - overall ( subtopic 825-10 ) : recognition and measurement of financial assets and financial liabilities . 201d the amendments in this update address certain aspects of recognition , measurement , presentation and disclosure of financial instruments .the amendments in this update supersede the guidance to classify equity securities with readily determinable fair values into different categories ( that is , trading or available-for-sale ) and require equity securities ( including other ownership interests , such as partnerships , unincorporated joint ventures and limited liability companies ) to be measured at fair value with changes in the fair value recognized through earnings .equity investments that are accounted for under the equity method of accounting or result in consolidation of an investee are not included within the scope of this update .the amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of an impairment .the amendments also require enhanced disclosures about those investments .we will adopt asu 2016-01 effective january 1 , 2018 with no expected effect on our consolidated financial statements .note 2 2014 acquisitions active network we acquired the communities and sports divisions of athlaction topco , llc ( 201cactive network 201d ) on september 1 , 2017 , for total purchase consideration of $ 1.2 billion .active network delivers cloud-based enterprise software , including payment technology solutions , to event organizers in the communities and health and fitness markets .this acquisition aligns with our technology-enabled , software driven strategy and adds an enterprise software business operating in two additional vertical markets that we believe offer attractive growth fundamentals .the following table summarizes the cash and non-cash components of the consideration transferred on september 1 , 2017 ( in thousands ) : .
[['cash consideration paid to active network stockholders', '$ 599497'], ['fair value of global payments common stock issued to active network stockholders', '572079'], ['total purchase consideration', '$ 1171576']]
we funded the cash portion of the total purchase consideration primarily by drawing on our revolving credit facility ( described in 201cnote 7 2014 long-term debt and lines of credit 201d ) .the acquisition-date fair value of 72 2013 global payments inc .| 2017 form 10-k annual report .
|
what portion of the total purchase consideration is compensated with shares of global payments?
|
48.8%
|
{
"answer": "48.8%",
"decimal": 0.488,
"type": "percentage"
}
| |
the company is currently under audit by the internal revenue service and other major taxing jurisdictions around the world .it is thus reasonably possible that significant changes in the gross balance of unrecognized tax benefits may occur within the next 12 months , but the company does not expect such audits to result in amounts that would cause a significant change to its effective tax rate , other than the following items .the company is currently at irs appeals for the years 1999 20132002 .one of the issues relates to the timing of the inclusion of interchange fees received by the company relating to credit card purchases by its cardholders .it is reasonably possible that within the next 12 months the company can either reach agreement on this issue at appeals or decide to litigate the issue .this issue is presently being litigated by another company in a united states tax court case .the gross uncertain tax position for this item at december 31 , 2008 is $ 542 million .since this is a temporary difference , the only effect to the company 2019s effective tax rate would be due to net interest and state tax rate differentials .if the reserve were to be released , the tax benefit could be as much as $ 168 million .in addition , the company expects to conclude the irs audit of its u.s .federal consolidated income tax returns for the years 2003 20132005 within the next 12 months .the gross uncertain tax position at december 31 , 2008 for the items expected to be resolved is approximately $ 350 million plus gross interest of $ 70 million .the potential net tax benefit to continuing operations could be approximately $ 325 million .the following are the major tax jurisdictions in which the company and its affiliates operate and the earliest tax year subject to examination: .
[['jurisdiction', 'tax year'], ['united states', '2003'], ['mexico', '2006'], ['new york state and city', '2005'], ['united kingdom', '2007'], ['germany', '2000'], ['korea', '2005'], ['japan', '2006'], ['brazil', '2004']]
foreign pretax earnings approximated $ 10.3 billion in 2008 , $ 9.1 billion in 2007 , and $ 13.6 billion in 2006 ( $ 5.1 billion , $ 0.7 billion and $ 0.9 billion of which , respectively , are in discontinued operations ) .as a u.s .corporation , citigroup and its u.s .subsidiaries are subject to u.s .taxation currently on all foreign pretax earnings earned by a foreign branch .pretax earnings of a foreign subsidiary or affiliate are subject to u.s .taxation when effectively repatriated .the company provides income taxes on the undistributed earnings of non-u.s .subsidiaries except to the extent that such earnings are indefinitely invested outside the united states .at december 31 , 2008 , $ 22.8 billion of accumulated undistributed earnings of non-u.s .subsidiaries were indefinitely invested .at the existing u.s .federal income tax rate , additional taxes ( net of u.s .foreign tax credits ) of $ 6.1 billion would have to be provided if such earnings were remitted currently .the current year 2019s effect on the income tax expense from continuing operations is included in the foreign income tax rate differential line in the reconciliation of the federal statutory rate to the company 2019s effective income tax rate on the previous page .income taxes are not provided for on the company 2019s savings bank base year bad debt reserves that arose before 1988 because under current u.s .tax rules such taxes will become payable only to the extent such amounts are distributed in excess of limits prescribed by federal law .at december 31 , 2008 , the amount of the base year reserves totaled approximately $ 358 million ( subject to a tax of $ 125 million ) .the company has no valuation allowance on deferred tax assets at december 31 , 2008 and december 31 , 2007 .at december 31 , 2008 , the company had a u.s .foreign tax-credit carryforward of $ 10.5 billion , $ 0.4 billion whose expiry date is 2016 , $ 5.3 billion whose expiry date is 2017 and $ 4.8 billion whose expiry date is 2018 .the company has a u.s federal consolidated net operating loss ( nol ) carryforward of approximately $ 13 billion whose expiration date is 2028 .the company also has a general business credit carryforward of $ 0.6 billion whose expiration dates are 2027-2028 .the company has state and local net operating loss carryforwards of $ 16.2 billion and $ 4.9 billion in new york state and new york city , respectively .this consists of $ 2.4 billion and $ 1.2 billion , whose expiration date is 2027 and $ 13.8 billion and $ 3.7 billion whose expiration date is 2028 and for which the company has recorded a deferred-tax asset of $ 1.2 billion , along with less significant net operating losses in various other states for which the company has recorded a deferred-tax asset of $ 399 million and which expire between 2012 and 2028 .in addition , the company has recorded deferred-tax assets in apb 23 subsidiaries for foreign net operating loss carryforwards of $ 130 million ( which expires in 2018 ) and $ 101 million ( with no expiration ) .although realization is not assured , the company believes that the realization of the recognized net deferred tax asset of $ 44.5 billion is more likely than not based on expectations as to future taxable income in the jurisdictions in which it operates and available tax planning strategies , as defined in sfas 109 , that could be implemented if necessary to prevent a carryforward from expiring .the company 2019s net deferred tax asset ( dta ) of $ 44.5 billion consists of approximately $ 36.5 billion of net u.s .federal dtas , $ 4 billion of net state dtas and $ 4 billion of net foreign dtas .included in the net federal dta of $ 36.5 billion are deferred tax liabilities of $ 4 billion that will reverse in the relevant carryforward period and may be used to support the dta .the major components of the u.s .federal dta are $ 10.5 billion in foreign tax-credit carryforwards , $ 4.6 billion in a net-operating-loss carryforward , $ 0.6 billion in a general-business-credit carryforward , $ 19.9 billion in net deductions that have not yet been taken on a tax return , and $ 0.9 billion in compensation deductions , which reduced additional paid-in capital in january 2009 and for which sfas 123 ( r ) did not permit any adjustment to such dta at december 31 , 2008 because the related stock compensation was not yet deductible to the company .in general , citigroup would need to generate approximately $ 85 billion of taxable income during the respective carryforward periods to fully realize its federal , state and local dtas. .
|
at december 31 , 2008 what was the percent of the gross interest associated to the gross uncertain tax position expected to be resolved to
|
20%
|
{
"answer": "20%",
"decimal": 0.2,
"type": "percentage"
}
| |
the increase in property operating expenses from our large market same store group is primarily the result of increases in real estate taxes of $ 3.2 million , personnel expenses of $ 1.9 million , water expenses of approximately $ 1.0 million , cable expenses of $ 0.5 million , and waste removal expenses of $ 0.2 million .the increase in property operating expenses from our secondary market same store group is primarily a result of increases in other operating expenses of $ 1.5 million , real estate taxes of $ 1.1 million , and personnel expenses of $ 1.2 million .the decrease in property operating expenses from our non-same store and other group is primarily the result of decreases in personnel expenses of $ 2.4 million and utility expenses of $ 1.7 million .depreciation and amortization the following table shows our depreciation and amortization expense by segment for the years ended december 31 , 2015 and december 31 , 2014 ( dollars in thousands ) : year ended december 31 , 2015 year ended december 31 , 2014 increase percentage increase .
[['', 'year ended december 31 2015', 'year ended december 31 2014', 'increase', 'percentage increase'], ['large market same store', '$ 168872', '$ 174957', '$ -6085 ( 6085 )', '( 3.5 ) % ( % )'], ['secondary market same store', '85008', '86058', '-1050 ( 1050 )', '( 1.2 ) % ( % )'], ['same store portfolio', '253880', '261015', '-7135 ( 7135 )', '( 2.7 ) % ( % )'], ['non-same store and other', '40640', '40797', '-157 ( 157 )', '( 0.4 ) % ( % )'], ['total', '$ 294520', '$ 301812', '$ -7292 ( 7292 )', '( 2.4 ) % ( % )']]
the decrease in depreciation and amortization expense is primarily due to a decrease of $ 19.4 million related to the amortization of the fair value of in-place leases and resident relationships acquired as a result of the merger from the year ended december 31 , 2014 to the year ended december 31 , 2015 .this decrease was partially offset by an increase in depreciation expense of $ 11.7 million driven by an increase in gross real estate assets from the year ended december 31 , 2014 to the year ended december 31 , 2015 .property management expenses property management expenses for the year ended december 31 , 2015 were approximately $ 31.0 million , a decrease of $ 1.1 million from the year ended december 31 , 2014 .the majority of the decrease was related to a decrease in state franchise taxes of $ 2.1 million , partially offset by an increase in insurance expense of $ 0.6 million , an increase in payroll expense of $ 0.3 million , and an increase in incentive expense $ 0.3 million .general and administrative expenses general and administrative expenses for the year ended december 31 , 2015 were approximately $ 25.7 million , an increase of $ 4.8 million from the year ended december 31 , 2014 .the majority of the increase was related to increases in legal fees of $ 2.7 million and stock option expenses of $ 1.6 million .merger and integration related expenses there were no merger or integration related expenses for the year ended december 31 , 2015 , as these expenses related primarily to severance , legal , professional , temporary systems , staffing , and facilities costs incurred for the acquisition and integration of colonial .for the year ended december 31 , 2014 , merger and integration related expenses were approximately $ 3.2 million and $ 8.4 million , respectively .interest expense interest expense for the year ended december 31 , 2015 was approximately $ 122.3 million , a decrease of $ 1.6 million from the year ended december 31 , 2014 .the decrease was primarily the result of a decrease in amortization of deferred financing cost from the year ended december 31 , 2014 to the year ended december 31 , 2015 of approximately $ 0.9 million .also , the overall debt balance decreased from $ 3.5 billion to $ 3.4 billion , a decrease of $ 85.1 million .the average effective interest rate remained at 3.7% ( 3.7 % ) and the average years to rate maturity increased from 4.4 years to 4.8 years .job title mid-america apartment 10-k revision 1 serial <12345678> date sunday , march 20 , 2016 job number 304352-1 type page no .50 operator abigaels .
|
considering the year 2015 , what is the impact of the large market among the same store portfolio?
|
66.52%
|
{
"answer": "66.52%",
"decimal": 0.6652,
"type": "percentage"
}
|
it is the value of the large market same-store divided by the total same-store portfolio , then turned into a percentage to represent the impact .
|
entering 2006 , earnings in the first quarter are ex- pected to improve compared with the 2005 fourth quar- ter due principally to higher average price realizations , reflecting announced price increases .product demand for the first quarter should be seasonally slow , but is ex- pected to strengthen as the year progresses , supported by continued economic growth in north america , asia and eastern europe .average prices should also improve in 2006 as price increases announced in late 2005 and early 2006 for uncoated freesheet paper and pulp con- tinue to be realized .operating rates are expected to improve as a result of industry-wide capacity reductions in 2005 .although energy and raw material costs remain high , there has been some decline in both natural gas and delivered wood costs , with further moderation ex- pected later in 2006 .we will continue to focus on fur- ther improvements in our global manufacturing operations , implementation of supply chain enhance- ments and reductions in overhead costs during 2006 .industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods production in the united states , as well as with demand for proc- essed foods , poultry , meat and agricultural products .in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , manufacturing efficiency and product industrial packaging 2019s net sales for 2005 increased 2% ( 2 % ) compared with 2004 , and were 18% ( 18 % ) higher than in 2003 , reflecting the inclusion of international paper distribution limited ( formerly international paper pacific millennium limited ) beginning in august 2005 .operating profits in 2005 were 39% ( 39 % ) lower than in 2004 and 13% ( 13 % ) lower than in 2003 .sales volume increases ( $ 24 million ) , improved price realizations ( $ 66 million ) , and strong mill operating performance ( $ 27 million ) were not enough to offset the effects of increased raw material costs ( $ 103 million ) , higher market related downtime costs ( $ 50 million ) , higher converting operating costs ( $ 22 million ) , and unfavorable mix and other costs ( $ 67 million ) .additionally , the may 2005 sale of our industrial papers business resulted in a $ 25 million lower earnings contribution from this business in 2005 .the segment took 370000 tons of downtime in 2005 , including 230000 tons of lack-of-order downtime to balance internal supply with customer demand , com- pared to a total of 170000 tons in 2004 , which included 5000 tons of lack-of-order downtime .industrial packaging in millions 2005 2004 2003 .
[['in millions', '2005', '2004', '2003'], ['sales', '$ 4935', '$ 4830', '$ 4170'], ['operating profit', '$ 230', '$ 380', '$ 264']]
containerboard 2019s net sales totaled $ 895 million in 2005 , $ 951 million in 2004 and $ 815 million in 2003 .soft market conditions and declining customer demand at the end of the first quarter led to lower average sales prices during the second and third quarters .beginning in the fourth quarter , prices recovered as a result of in- creased customer demand and a rationalization of sup- ply .full year sales volumes trailed 2004 levels early in the year , reflecting the weak market conditions in the first half of 2005 .however , volumes rebounded in the second half of the year , and finished the year ahead of 2004 levels .operating profits decreased 38% ( 38 % ) from 2004 , but were flat with 2003 .the favorable impacts of in- creased sales volumes , higher average sales prices and improved mill operating performance were not enough to offset the impact of higher wood , energy and other raw material costs and increased lack-of-order down- time .implementation of the new supply chain operating model in our containerboard mills during 2005 resulted in increased operating efficiency and cost savings .specialty papers in 2005 included the kraft paper business for the full year and the industrial papers busi- ness for five months prior to its sale in may 2005 .net sales totaled $ 468 million in 2005 , $ 723 million in 2004 and $ 690 million in 2003 .operating profits in 2005 were down 23% ( 23 % ) compared with 2004 and 54% ( 54 % ) com- pared with 2003 , reflecting the lower contribution from industrial papers .u.s .converting operations net sales for 2005 were $ 2.6 billion compared with $ 2.3 billion in 2004 and $ 1.9 billion in 2003 .sales volumes were up 10% ( 10 % ) in 2005 compared with 2004 , mainly due to the acquisition of box usa in july 2004 .average sales prices in 2005 began the year above 2004 levels , but softened in the second half of the year .operating profits in 2005 de- creased 46% ( 46 % ) and 4% ( 4 % ) from 2004 and 2003 levels , re- spectively , primarily due to increased linerboard , freight and energy costs .european container sales for 2005 were $ 883 mil- lion compared with $ 865 million in 2004 and $ 801 mil- lion in 2003 .operating profits declined 19% ( 19 % ) and 13% ( 13 % ) compared with 2004 and 2003 , respectively .the in- crease in sales in 2005 reflected a slight increase in de- mand over 2004 , but this was not sufficient to offset the negative earnings effect of increased operating costs , unfavorable foreign exchange rates and a reduction in average sales prices .the moroccan box plant acquis- ition , which was completed in october 2005 , favorably impacted fourth-quarter results .industrial packaging 2019s sales in 2005 included $ 104 million from international paper distribution limited , our asian box and containerboard business , subsequent to the acquisition of an additional 50% ( 50 % ) interest in au- gust 2005. .
|
containerboards net sales represented what percentage of industrial packaging sales in 2005?
|
18%
|
{
"answer": "18%",
"decimal": 0.18,
"type": "percentage"
}
| |
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology .
[['', 'global payments', 's&p 500', 's&p information technology'], ['may 31 2003', '$ 100.00', '$ 100.00', '$ 100.00'], ['may 31 2004', '137.75', '118.33', '121.98'], ['may 31 2005', '205.20', '128.07', '123.08'], ['may 31 2006', '276.37', '139.14', '123.99'], ['may 31 2007', '238.04', '170.85', '152.54'], ['may 31 2008', '281.27', '159.41', '156.43']]
issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
|
what is the roi of global payments from 2004 to 2005?
|
49.0%
|
{
"answer": "49.0%",
"decimal": 0.49,
"type": "percentage"
}
| |
the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve .as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable .our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures .the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 .the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 .the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 .we agreed to make payments to nvidia over six years .as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable .the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates .note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 .
[['( in millions )', 'dec 282013', 'dec 292012'], ['available-for-sale investments', '$ 18086', '$ 14001'], ['cash', '854', '593'], ['equity method investments', '1038', '992'], ['loans receivable', '1072', '979'], ['non-marketable cost method investments', '1270', '1202'], ['reverse repurchase agreements', '800', '2850'], ['trading assets', '8441', '5685'], ['total cash and investments', '$ 31561', '$ 26302']]
in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment .in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income .proceeds received and gains recognized for each investment are included in the "available-for-sale investments" and "equity method investments" sections that follow .table of contents intel corporation notes to consolidated financial statements ( continued ) .
|
what was the percent of the increase in the total cash and investments from 2012 to 2013
|
19.9%
|
{
"answer": "19.9%",
"decimal": 0.19899999999999998,
"type": "percentage"
}
|
the total cash and investments increased by 19.9% from 2012 to 2013
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.