Context
stringlengths 523
16k
| Question
stringlengths 26
367
| Answer
stringlengths 1
335
| Ground_truths
dict | Explanation
stringclasses 898
values |
|---|---|---|---|---|
table of contents notes to consolidated financial statements of american airlines , inc .american files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates .american 2019s 2004 through 2013 tax years are still subject to examination by the internal revenue service .various state and foreign jurisdiction tax years remain open to examination and american is under examination , in administrative appeals , or engaged in tax litigation in certain jurisdictions .american believes that the effect of additional assessments will be immaterial to its consolidated financial statements .american has an unrecognized tax benefit of approximately $ 5 million , which did not change during the twelve months ended december 31 , 2014 .changes in the unrecognized tax benefit have no impact on the effective tax rate due to the existence of the valuation allowance .accrued interest on tax positions is recorded as a component of interest expense but was not significant at december 31 , 2014 .the reconciliation of the beginning and ending amounts of unrecognized tax benefit are ( in millions ) : .
[['', '2014', '2013'], ['unrecognized tax benefit at january 1', '$ 5', '$ 5'], ['no activity', '2014', '2014'], ['unrecognized tax benefit at december 31', '$ 5', '$ 5']]
american estimates that the unrecognized tax benefit will be realized within the next twelve months .8 .risk management and financial instruments american 2019s economic prospects are heavily dependent upon two variables it cannot control : the health of the economy and the price of fuel .due to the discretionary nature of business and leisure travel spending , airline industry revenues are heavily influenced by the condition of the u.s .economy and economies in other regions of the world .unfavorable conditions in these broader economies have resulted , and may result in the future , in decreased passenger demand for air travel and changes in booking practices , both of which in turn have had , and may have in the future , a strong negative effect on american 2019s revenues .in addition , during challenging economic times , actions by our competitors to increase their revenues can have an adverse impact on american 2019s revenues .american 2019s operating results are materially impacted by changes in the availability , price volatility and cost of aircraft fuel , which represents one of the largest single cost items in american 2019s business .because of the amount of fuel needed to operate american 2019s business , even a relatively small increase in the price of fuel can have a material adverse aggregate effect on american 2019s operating results and liquidity .jet fuel market prices have fluctuated substantially over the past several years and prices continued to be volatile in 2014 .these factors could impact american 2019s results of operations , financial performance and liquidity .( a ) fuel price risk management during the second quarter of 2014 , american sold its portfolio of fuel hedging contracts that were scheduled to settle on or after june 30 , 2014 .american has not entered into any transactions to hedge its fuel consumption since december 9 , 2013 and , accordingly , as of december 31 , 2014 , american did not have any fuel hedging contracts outstanding .as such , and assuming american does not enter into any future transactions to hedge its fuel consumption , american will continue to be fully exposed to fluctuations in fuel prices .american 2019s current policy is not to enter into transactions to hedge its fuel consumption , although american reviews that policy from time to time based on market conditions and other factors. .
|
what was the unrecognized tax benefit at december 31 , 2013?
|
$ 5
|
{
"answer": "$ 5",
"decimal": 5,
"type": "money"
}
| |
table of contents index to financial statements item 3 .legal proceedings .item 4 .mine safety disclosures .not applicable .part ii price range our common stock trades on the nasdaq global select market under the symbol 201cmktx 201d .the range of closing price information for our common stock , as reported by nasdaq , was as follows : on february 16 , 2012 , the last reported closing price of our common stock on the nasdaq global select market was $ 32.65 .holders there were 41 holders of record of our common stock as of february 16 , 2012 .dividend policy we initiated a regular quarterly dividend in the fourth quarter of 2009 .during 2010 and 2011 , we paid quarterly cash dividends of $ 0.07 per share and $ 0.09 per share , respectively .in january 2012 , our board of directors approved a quarterly cash dividend of $ 0.11 per share payable on march 1 , 2012 to stockholders of record as of the close of business on february 16 , 2012 .any future declaration and payment of dividends will be at the sole discretion of the company 2019s board of directors .the board of directors may take into account such matters as general business conditions , the company 2019s financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends to the company 2019s stockholders or by the company 2019s subsidiaries to the parent and any such other factors as the board of directors may deem relevant .recent sales of unregistered securities item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities. .
[['2011:', 'high', 'low'], ['january 1 2011 to march 31 2011', '$ 24.19', '$ 19.78'], ['april 1 2011 to june 30 2011', '$ 25.22', '$ 21.00'], ['july 1 2011 to september 30 2011', '$ 30.75', '$ 23.41'], ['october 1 2011 to december 31 2011', '$ 31.16', '$ 24.57'], ['2010:', 'high', 'low'], ['january 1 2010 to march 31 2010', '$ 16.20', '$ 13.25'], ['april 1 2010 to june 30 2010', '$ 17.40', '$ 13.45'], ['july 1 2010 to september 30 2010', '$ 17.30', '$ 12.39'], ['october 1 2010 to december 31 2010', '$ 20.93', '$ 16.93']]
.
|
for the period from april 1 2011 to june 30 2011 , what was the difference between high and low stock price?
|
4.22
|
{
"answer": "4.22",
"decimal": 4.22,
"type": "float"
}
| |
liquidity and capital resources we maintained a strong financial position throughout 2018 and as of 30 september 2018 our consolidated balance sheet included cash and cash items of $ 2791.3 .we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future .as of 30 september 2018 , we had $ 995.1 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2791.3 .as a result of the tax act , we currently do not expect that a significant portion of the earnings of our foreign subsidiaries and affiliates will be subject to u.s .income tax upon subsequent repatriation to the united states .depending on the country in which the subsidiaries and affiliates reside , the repatriation of these earnings may be subject to foreign withholding and other taxes .however , since we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s .refer to note 22 , income taxes , for additional information .our cash flows from operating , investing , and financing activities from continuing operations , as reflected in the consolidated statements of cash flows , are summarized in the following table: .
[['cash provided by ( used for )', '2018', '2017', '2016'], ['operating activities', '$ 2554.7', '$ 2534.1', '$ 2258.8'], ['investing activities', '-1649.1 ( 1649.1 )', '-1417.7 ( 1417.7 )', '-864.8 ( 864.8 )'], ['financing activities', '-1359.8 ( 1359.8 )', '-2040.9 ( 2040.9 )', '-860.2 ( 860.2 )']]
operating activities for the year ended 2018 , cash provided by operating activities was $ 2554.7 .income from continuing operations of $ 1455.6 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , undistributed earnings of unconsolidated affiliates , share-based compensation , and noncurrent capital lease receivables .other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions .the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities .in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 .the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables .the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures .the use of cash in inventories primarily resulted from the purchase of helium molecules .in addition , inventories reflect the noncash impact of our change in accounting for u.s .inventories from lifo to fifo .the source of cash from other receivables of $ 123.6 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures for the year ended 2017 , cash provided by operating activities was $ 2534.1 .income from continuing operations of $ 1134.4 included a goodwill and intangible asset impairment charge of $ 162.1 , an equity method investment impairment charge of $ 79.5 , and a write-down of long-lived assets associated with restructuring of $ 69.2 .refer to note 5 , cost reduction and asset actions ; note 8 , summarized financial information of equity affiliates ; note 10 , goodwill ; and note 11 , intangible assets , of the consolidated financial statements for additional information on these charges .other adjustments of $ 165.4 included changes in uncertain tax positions and the fair value of foreign exchange contracts that hedge intercompany loans as well as pension contributions and expense .the working capital accounts were a source of cash of $ 48.0 that were primarily driven by payables and accrued liabilities and other receivables , partially offset by other working capital and trade receivables .the increase in payables and accrued liabilities of $ 163.8 was primarily due to timing differences related to payables and accrued liabilities and an increase in customer advances of $ 52.8 primarily related to sale of equipment activity .the source of cash from other receivables of $ 124.7 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures .other working capital was a use of cash of $ 154.0 , primarily driven by payments for income taxes .trade receivables was a use of cash of $ 73.6 which is primarily due to timing differences. .
|
what is the final amount of cash and cash equivalents in 2016?
|
533.8
|
{
"answer": "533.8",
"decimal": 533.8,
"type": "float"
}
|
it is the operating activities minus the investing and financing activities of the year 2016 .
|
the performance units granted to certain executives in fiscal 2014 were based on a one-year performance period .after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares .the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date .the performance units granted to certain executives during fiscal 2015 were based on a three-year performance period .after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock .the compensation committee may set a range of possible performance-based outcomes for performance units .depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares .for awards with only performance conditions , we recognize compensation expense over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals .if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned .during fiscal 2015 , certain executives were granted performance units that we refer to as leveraged performance units , or lpus .lpus contain a market condition based on our relative stock price growth over a three-year performance period .the lpus contain a minimum threshold performance which , if not met , would result in no payout .the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares .after the three-year performance period , one-third of any earned units converts to unrestricted common stock .the remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date .we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award .total shareholder return units before fiscal 2015 , certain of our executives were granted total shareholder return ( 201ctsr 201d ) units , which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the s&p 500 .once the performance results are certified , tsr units convert into unrestricted common stock .depending on our performance , the grantee may earn up to 200% ( 200 % ) of the target number of shares .the target number of tsr units for each executive is set by the compensation committee .we recognize share-based compensation expense based on the grant date fair value of the tsr units , as determined by use of a monte carlo model , on a straight-line basis over the vesting period .the following table summarizes the changes in unvested share-based awards for the years ended may 31 , 2015 and 2014 ( shares in thousands ) : shares weighted-average grant-date fair value .
[['', 'shares', 'weighted-averagegrant-datefair value'], ['unvested at may 31 2013', '1096', '$ 44'], ['granted', '544', '47'], ['vested', '-643 ( 643 )', '45'], ['forfeited', '-120 ( 120 )', '45'], ['unvested at may 31 2014', '877', '45'], ['granted', '477', '72'], ['vested', '-324 ( 324 )', '46'], ['forfeited', '-106 ( 106 )', '53'], ['unvested at may 31 2015', '924', '$ 58']]
global payments inc .| 2015 form 10-k annual report 2013 81 .
|
what is the net change in the balance of unvested shares from 2013 to 2015?
|
-172
|
{
"answer": "-172",
"decimal": -172,
"type": "float"
}
| |
republic services , inc .notes to consolidated financial statements 2014 ( continued ) charges or other amounts due that are probable at settlement .the aggregate cash surrender value of these life insurance policies was $ 90.5 million and $ 77.1 million as of december 31 , 2015 and 2014 , respectively , and is classified in other assets in our consolidated balance sheets .the dcp liability was $ 83.3 million and $ 76.3 million as of december 31 , 2015 and 2014 , respectively , and is classified in other long-term liabilities in our consolidated balance sheets .employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan .the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter .for the years ended december 31 , 2015 , 2014 and 2013 , issuances under this plan totaled 141055 shares , 139941 shares and 142217 shares , respectively .as of december 31 , 2015 , shares reserved for issuance to employees under this plan totaled 0.6 million and republic held employee contributions of approximately $ 1.4 million for the purchase of common stock .12 .stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2015 and 2014 follows ( in millions except per share amounts ) : .
[['', '2015', '2014'], ['number of shares repurchased', '9.8', '11.1'], ['amount paid', '$ 404.7', '$ 400.4'], ['weighted average cost per share', '$ 41.39', '$ 35.92']]
as of december 31 , 2015 , 0.1 million repurchased shares were pending settlement and $ 3.7 million were unpaid and included within our accrued liabilities .in october 2015 , our board of directors added $ 900.0 million to the existing share repurchase authorization , which now extends through december 31 , 2017 .share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws .while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors .the share repurchase program may be extended , suspended or discontinued at any time .as of december 31 , 2015 , the october 2015 repurchase program had remaining authorized purchase capacity of $ 855.5 million .in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued .in doing so , the number of our issued shares was reduced by the stated amount .our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital .the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital .there was no effect on our total stockholders 2019 equity position as a result of the change .dividends in october 2015 , our board of directors approved a quarterly dividend of $ 0.30 per share .cash dividends declared were $ 404.3 million , $ 383.6 million and $ 357.3 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .as of december 31 , 2015 , we recorded a quarterly dividend payable of $ 103.7 million to shareholders of record at the close of business on january 4 , 2016. .
|
what was the percentage change in the weighted average cost per share from 2014 to 2015
|
15.2%
|
{
"answer": "15.2%",
"decimal": 0.152,
"type": "percentage"
}
| |
republic services , inc .notes to consolidated financial statements 2014 ( continued ) credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits .concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas .we provide services to commercial , industrial , municipal and residential customers in the united states and puerto rico .we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables .we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information .accounts receivable , net of allowance for doubtful accounts accounts receivable represent receivables from customers for collection , transfer , recycling , disposal and other services .our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash .the carrying value of our receivables , net of the allowance for doubtful accounts , represents their estimated net realizable value .provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions .we also review outstanding balances on an account-specific basis .in general , reserves are provided for accounts receivable in excess of 90 days outstanding .past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due .the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31 , 2013 , 2012 and 2011: .
[['', '2013', '2012', '2011'], ['balance at beginning of year', '$ 45.3', '$ 48.1', '$ 50.9'], ['additions charged to expense', '16.1', '29.7', '21.0'], ['accounts written-off', '-23.1 ( 23.1 )', '-32.5 ( 32.5 )', '-23.8 ( 23.8 )'], ['balance at end of year', '$ 38.3', '$ 45.3', '$ 48.1']]
restricted cash and marketable securities as of december 31 , 2013 , we had $ 169.7 million of restricted cash and marketable securities .we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers .the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance .as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets .in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance .at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts .property and equipment we record property and equipment at cost .expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred .when property is retired or .
|
as of december 31 , 2013 what was the ratio of the restricted cash and marketable securities to the balance in the allowance for doubtful accounts
|
4.43
|
{
"answer": "4.43",
"decimal": 4.43,
"type": "float"
}
|
as of december 31 , 2013 there was a ratio of $ 4.43 in restricted cash and marketable securities to the balance to the balance in the allowance in doubtful accounts
|
2022 the failure of our information systems to function as intended or their penetration by outside parties with the intent to corrupt them or our failure to comply with privacy laws and regulations could result in business disruption , litigation and regulatory action , and loss of revenue , assets or personal or other confidential data .we use information systems to help manage business processes , collect and interpret business data and communicate internally and externally with employees , suppliers , customers and others .some of these information systems are managed by third-party service providers .we have backup systems and business continuity plans in place , and we take care to protect our systems and data from unauthorized access .nevertheless , failure of our systems to function as intended , or penetration of our systems by outside parties intent on extracting or corrupting information or otherwise disrupting business processes , could place us at a competitive disadvantage , result in a loss of revenue , assets or personal or other sensitive data , litigation and regulatory action , cause damage to our reputation and that of our brands and result in significant remediation and other costs .failure to protect personal data and respect the rights of data subjects could subject us to substantial fines under regulations such as the eu general data protection regulation .2022 we may be required to replace third-party contract manufacturers or service providers with our own resources .in certain instances , we contract with third parties to manufacture some of our products or product parts or to provide other services .we may be unable to renew these agreements on satisfactory terms for numerous reasons , including government regulations .accordingly , our costs may increase significantly if we must replace such third parties with our own resources .item 1b .unresolved staff comments .item 2 .properties .at december 31 , 2017 , we operated and owned 46 manufacturing facilities and maintained contract manufacturing relationships with 25 third-party manufacturers across 23 markets .in addition , we work with 38 third-party operators in indonesia who manufacture our hand-rolled cigarettes .pmi-owned manufacturing facilities eema asia america canada total .
[['', 'eu ( 1 )', 'eema', 'asia', 'latinamerica&canada', 'total'], ['fully integrated', '7', '8', '9', '7', '31'], ['make-pack', '3', '2014', '1', '2', '6'], ['other', '3', '1', '3', '2', '9'], ['total', '13', '9', '13', '11', '46']]
( 1 ) includes facilities that produced heated tobacco units in 2017 .in 2017 , 23 of our facilities each manufactured over 10 billion cigarettes , of which eight facilities each produced over 30 billion units .our largest factories are in karawang and sukorejo ( indonesia ) , izmir ( turkey ) , krakow ( poland ) , st .petersburg and krasnodar ( russia ) , batangas and marikina ( philippines ) , berlin ( germany ) , kharkiv ( ukraine ) , and kutna hora ( czech republic ) .our smallest factories are mostly in latin america and asia , where due to tariff and other constraints we have established small manufacturing units in individual markets .we will continue to optimize our manufacturing base , taking into consideration the evolution of trade blocks .the plants and properties owned or leased and operated by our subsidiaries are maintained in good condition and are believed to be suitable and adequate for our present needs .we are integrating the production of heated tobacco units into a number of our existing manufacturing facilities and progressing with our plans to build manufacturing capacity for our other rrp platforms. .
|
what percentage of pmi-owned manufacturing facilities eema asia america canada are in eu?
|
28%
|
{
"answer": "28%",
"decimal": 0.28,
"type": "percentage"
}
| |
in direct competition with other co2 pipelines .we also compete with other interest owners in the mcelmo dome unit and the bravo dome unit for transportation of co2 to the denver city , texas market area .terminals our terminals segment includes the operations of our refined petroleum product , crude oil , chemical , ethanol and other liquid terminal facilities ( other than those included in the products pipelines segment ) and all of our coal , petroleum coke , fertilizer , steel , ores and other dry-bulk terminal facilities .our terminals are located throughout the u.s .and in portions of canada .we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide expansion opportunities .we often classify our terminal operations based on the handling of either liquids or dry-bulk material products .in addition , terminals 2019 marine operations include jones act qualified product tankers that provide marine transportation of crude oil , condensate and refined petroleum products in the u.s .the following summarizes our terminals segment assets , as of december 31 , 2016 : number capacity ( mmbbl ) .
[['', 'number', 'capacity ( mmbbl )'], ['liquids terminals', '51', '85.2'], ['bulk terminals', '37', '2014'], ['jones act tankers', '12', '4.0']]
competition we are one of the largest independent operators of liquids terminals in north america , based on barrels of liquids terminaling capacity .our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical , pipeline , and refining companies .our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminaling services .in some locations , competitors are smaller , independent operators with lower cost structures .our jones act qualified product tankers compete with other jones act qualified vessel fleets. .
|
what is the average capacity in mmbbl of jones act tankers?
|
.33
|
{
"answer": ".33",
"decimal": 0.33,
"type": "float"
}
| |
over 1 million customers .edc also provides 2265 mw of installed capacity through its generation facilities in venezuela .the purchase price allocation was as follows ( in millions ) : .
[['purchase price', '$ 1700'], ["less : stockholders' equity of edc", ''], ['capital stock', '-508 ( 508 )'], ['paid-in surplus', '-245 ( 245 )'], ['retained earnings', '-1353 ( 1353 )'], ['treasury stock', '323'], ['adjustment of assets and liabilities to fair value:', ''], ['property and equipment', '-1578 ( 1578 )'], ['deferred income tax asset', '231'], ['employee severance plan', '157'], ['investment in subsidiaries', '36'], ['elimination of intangible asset 2013 goodwill', '7'], ['other net assets', '-51 ( 51 )'], ['goodwill 2013 negative', '$ -1281 ( 1281 )']]
property and equipment was reduced by the negative goodwill .the cost of the acquisition was allocated on the basis of estimated fair value of the assets acquired and liabilities assumed , primarily based upon an independent appraisal .as of december 31 , 2000 , the severance plan was completed and the workforce was reduced by approximately 2500 people .all of the costs associated with the plan were recorded during 2000 , and all of the cash payments were made in 2000 .in august 2000 , a subsidiary of the company completed the acquisition of a 59% ( 59 % ) equity interest in a hidroelectrica alicura s.a .( 2018 2018alicura 2019 2019 ) in argentina from southern energy , inc .and its partners .alicura operates a 1000 mw peaking hydro facility located in the province of neuquen , argentina .the purchase price of approximately $ 205 million includes the assumption of existing non-recourse debt .in december 2000 a subsidiary of the company acquired an additional 39% ( 39 % ) ownership interest in alicura , 19.5% ( 19.5 % ) ownership interests each from the federal government of argentina and the province of neuquen , for approximately $ 9 million .at december 31 , 2000 , the company 2019s ownership interest was 98% ( 98 % ) .the employees of alicura own the remaining 2% ( 2 % ) .all of the purchase price was allocated to property , plant and equipment and is being depreciated over the useful life .in october 2000 , a subsidiary of the company completed the acquisition of reliant energy international 2019s 50% ( 50 % ) interest in el salvador energy holdings , s.a .( 2018 2018eseh 2019 2019 ) that owns three distribution companies in el salvador .the purchase price for this interest in eseh was approximately $ 173 million .the three distribution companies , compania de alumbrado electrico de san salvador , s.a .de c.v. , empresa electrica de oriente , s.a .de c.v .and distribuidora electrica de usulutan , s.a .de c.v .serve 3.5 million people , approximately 60% ( 60 % ) of the population of el salvador , including the capital city of san salvador .a subsidiary of the company had previously acquired a 50% ( 50 % ) interest in eseh through its acquisition of edc .through the purchase of reliant energy international 2019s ownership interest , the company owns a controlling interest in the three distribution companies .the total purchase price for 100% ( 100 % ) of the interest in eseh approximated $ 325 million , of which approximately $ 176 million was allocated to goodwill and is being amortized over 40 years .in december 2000 , the company acquired all of the outstanding shares of kmr power corporation ( 2018 2018kmr 2019 2019 ) , including the buyout of a minority partner in one of kmr 2019s subsidiaries , for approximately $ 64 million and assumed long-term liabilities of approximately $ 245 million .the acquisition was financed through the issuance of approximately 699000 shares of aes common stock and cash .kmr owns a controlling interest in two gas-fired power plants located in cartagena , colombia : a 100% ( 100 % ) interest in the 314 mw termocandelaria power plant and a 66% ( 66 % ) interest in the 100 .
|
what was the total price for the kmr power corporation purchase in millions?
|
309
|
{
"answer": "309",
"decimal": 309,
"type": "float"
}
|
cash paid plus the assumed debt is the actual price .
|
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) debt transactions see note 6 for further information regarding the company 2019s acquisition of acxiom ( the 201cacxiom acquisition 201d ) on october 1 , 2018 ( the 201cclosing date 201d ) .senior notes on september 21 , 2018 , in order to fund the acxiom acquisition and related fees and expenses , we issued a total of $ 2000.0 in aggregate principal amount of unsecured senior notes ( in four separate series of $ 500.0 each , together , the 201csenior notes 201d ) .upon issuance , the senior notes were reflected on our consolidated balance sheets net of discount of $ 5.8 and net of the capitalized debt issuance costs , including commissions and offering expenses of $ 16.1 , both of which will be amortized in interest expense through the respective maturity dates of each series of senior notes using the effective interest method .interest is payable semi-annually in arrears on april 1st and october 1st of each year , commencing on april 1 , 2019 .the issuance was comprised of the following four series of notes : senior notes par value discount at issuance net price at issuance issuance cost net proceeds .
[['senior notes', 'par value', 'discount at issuance', 'net price at issuance', 'issuance cost', 'net proceeds'], ['3.50% ( 3.50 % ) senior notes due 2020', '$ 500.0', '$ 1.0', '$ 499.0', '$ 2.9', '$ 496.1'], ['3.75% ( 3.75 % ) senior notes due 2021', '500.0', '0.3', '499.7', '3.2', '496.5'], ['4.65% ( 4.65 % ) senior notes due 2028', '500.0', '1.7', '498.3', '4.4', '493.9'], ['5.40% ( 5.40 % ) senior notes due 2048', '500.0', '2.8', '497.2', '5.6', '491.6'], ['total', '$ 2000.0', '$ 5.8', '$ 1994.2', '$ 16.1', '$ 1978.1']]
consistent with our other debt securities , the newly issued senior notes include covenants that , among other things , limit our liens and the liens of certain of our consolidated subsidiaries , but do not require us to maintain any financial ratios or specified levels of net worth or liquidity .we may redeem each series of the senior notes at any time in whole or from time to time in part in accordance with the provisions of the indenture , including the applicable supplemental indenture , under which such series of senior notes was issued .if the acxiom acquisition had been terminated or had not closed on or prior to june 30 , 2019 , we would have been required to redeem the senior notes due 2020 , 2021 and 2028 at a redemption price equal to 101% ( 101 % ) of the principal amount thereof , plus accrued and unpaid interest .additionally , upon the occurrence of a change of control repurchase event with respect to the senior notes , each holder of the senior notes has the right to require the company to purchase that holder 2019s senior notes at a price equal to 101% ( 101 % ) of the principal amount thereof , plus accrued and unpaid interest , unless the company has exercised its option to redeem all the senior notes .term loan agreement on october 1 , 2018 , in order to fund the acxiom acquisition and related fees and expenses , we borrowed $ 500.0 through debt financing arrangements with third-party lenders under a three-year term loan agreement ( the 201cterm loan agreement 201d ) , $ 100.0 of which we paid down on december 3 , 2018 .consistent with our other debt securities , the term loan agreement includes covenants that , among other things , limit our liens and the liens of certain of our consolidated subsidiaries .in addition , it requires us to maintain the same financial maintenance covenants as discussed below .loans under the term loan bear interest at a variable rate based on , at the company 2019s option , either the base rate or the eurodollar rate ( each as defined in the term loan agreement ) plus an applicable margin that is determined based on our credit ratings .as of december 31 , 2018 , the applicable margin was 0.25% ( 0.25 % ) for base rate loans and 1.25% ( 1.25 % ) for eurodollar rate loans. .
|
what was the ratio of the issuance costs to the discount at issuance
|
2.8
|
{
"answer": "2.8",
"decimal": 2.8,
"type": "float"
}
| |
morgan stanley notes to consolidated financial statements 2014 ( continued ) the following table presents a reconciliation of the beginning and ending amount of unrecognized tax benefits for 2013 , 2012 and 2011 ( dollars in millions ) : unrecognized tax benefits .
[['balance at december 31 2010', '$ 3711'], ['increase based on tax positions related to the current period', '412'], ['increase based on tax positions related to prior periods', '70'], ['decreases based on tax positions related to prior periods', '-79 ( 79 )'], ['decreases related to settlements with taxing authorities', '-56 ( 56 )'], ['decreases related to a lapse of applicable statute of limitations', '-13 ( 13 )'], ['balance at december 31 2011', '$ 4045'], ['increase based on tax positions related to the current period', '$ 299'], ['increase based on tax positions related to prior periods', '127'], ['decreases based on tax positions related to prior periods', '-21 ( 21 )'], ['decreases related to settlements with taxing authorities', '-260 ( 260 )'], ['decreases related to a lapse of applicable statute of limitations', '-125 ( 125 )'], ['balance at december 31 2012', '$ 4065'], ['increase based on tax positions related to the current period', '$ 51'], ['increase based on tax positions related to prior periods', '267'], ['decreases based on tax positions related to prior periods', '-141 ( 141 )'], ['decreases related to settlements with taxing authorities', '-146 ( 146 )'], ['balance at december 31 2013', '$ 4096']]
the company is under continuous examination by the irs and other tax authorities in certain countries , such as japan and the u.k. , and in states in which the company has significant business operations , such as new york .the company is currently under review by the irs appeals office for the remaining issues covering tax years 1999 2013 2005 .also , the company is currently at various levels of field examination with respect to audits by the irs , as well as new york state and new york city , for tax years 2006 2013 2008 and 2007 2013 2009 , respectively .during 2014 , the company expects to reach a conclusion with the u.k .tax authorities on substantially all issues through tax year 2010 .the company believes that the resolution of tax matters will not have a material effect on the consolidated statements of financial condition of the company , although a resolution could have a material impact on the company 2019s consolidated statements of income for a particular future period and on the company 2019s effective income tax rate for any period in which such resolution occurs .the company has established a liability for unrecognized tax benefits that the company believes is adequate in relation to the potential for additional assessments .once established , the company adjusts unrecognized tax benefits only when more information is available or when an event occurs necessitating a change .the company periodically evaluates the likelihood of assessments in each taxing jurisdiction resulting from the expiration of the applicable statute of limitations or new information regarding the status of current and subsequent years 2019 examinations .as part of the company 2019s periodic review , federal and state unrecognized tax benefits were released or remeasured .as a result of this remeasurement , the income tax provision included a discrete tax benefit of $ 161 million and $ 299 million in 2013 and 2012 , respectively .it is reasonably possible that the gross balance of unrecognized tax benefits of approximately $ 4.1 billion as of december 31 , 2013 may decrease significantly within the next 12 months due to an expected completion of the .
|
without settlements in 2013 , what would ending unrecognized tax benefits have been , in millions?
|
4241
|
{
"answer": "4241",
"decimal": 4241,
"type": "float"
}
| |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis 2018 versus 2017 .provision for credit losses in the consolidated statements of earnings was $ 674 million for 2018 , compared with $ 657 million for 2017 , as the higher provision for credit losses primarily related to consumer loan growth in 2018 was partially offset by an impairment of approximately $ 130 million on a secured loan in 2017 .2017 versus 2016 .provision for credit losses in the consolidated statements of earnings was $ 657 million for 2017 , compared with $ 182 million for 2016 , reflecting an increase in impairments , which included an impairment of approximately $ 130 million on a secured loan in 2017 , and higher provision for credit losses primarily related to consumer loan growth .operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment .in addition , see 201cuse of estimates 201d for further information about expenses that may arise from litigation and regulatory proceedings .the table below presents operating expenses by line item and headcount. .
[['$ in millions', 'year ended december 2018', 'year ended december 2017', 'year ended december 2016'], ['compensation and benefits', '$ 12328', '$ 11653', '$ 11448'], ['brokerage clearing exchange and distribution fees', '3200', '2876', '2823'], ['market development', '740', '588', '457'], ['communications and technology', '1023', '897', '809'], ['depreciation and amortization', '1328', '1152', '998'], ['occupancy', '809', '733', '788'], ['professional fees', '1214', '1165', '1081'], ['other expenses', '2819', '1877', '1900'], ['total operating expenses', '$ 23461', '$ 20941', '$ 20304'], ['headcount atperiod-end', '36600', '33600', '32400']]
in the table above , the following reclassifications have been made to previously reported amounts to conform to the current presentation : 2030 regulatory-related fees that are paid to exchanges are now reported in brokerage , clearing , exchange and distribution fees .previously such amounts were reported in other expenses .2030 headcount consists of our employees , and excludes consultants and temporary staff previously reported as part of total staff .as a result , expenses related to these consultants and temporary staff are now reported in professional fees .previously such amounts were reported in compensation and benefits expenses .2018 versus 2017 .operating expenses in the consolidated statements of earnings were $ 23.46 billion for 2018 , 12% ( 12 % ) higher than 2017 .our efficiency ratio ( total operating expenses divided by total net revenues ) for 2018 was 64.1% ( 64.1 % ) , compared with 64.0% ( 64.0 % ) for 2017 .the increase in operating expenses compared with 2017 was primarily due to higher compensation and benefits expenses , reflecting improved operating performance , and significantly higher net provisions for litigation and regulatory proceedings .brokerage , clearing , exchange and distribution fees were also higher , reflecting an increase in activity levels , and technology expenses increased , reflecting higher expenses related to computing services .in addition , expenses related to consolidated investments and our digital lending and deposit platform increased , with the increases primarily in depreciation and amortization expenses , market development expenses and other expenses .the increase compared with 2017 also included $ 297 million related to the recently adopted revenue recognition standard .see note 3 to the consolidated financial statements for further information about asu no .2014-09 , 201crevenue from contracts with customers ( topic 606 ) . 201d net provisions for litigation and regulatory proceedings for 2018 were $ 844 million compared with $ 188 million for 2017 .2018 included a $ 132 million charitable contribution to goldman sachs gives , our donor-advised fund .compensation was reduced to fund this charitable contribution to goldman sachs gives .we ask our participating managing directors to make recommendations regarding potential charitable recipients for this contribution .as of december 2018 , headcount increased 9% ( 9 % ) compared with december 2017 , reflecting an increase in technology professionals and investments in new business initiatives .2017 versus 2016 .operating expenses in the consolidated statements of earnings were $ 20.94 billion for 2017 , 3% ( 3 % ) higher than 2016 .our efficiency ratio for 2017 was 64.0% ( 64.0 % ) compared with 65.9% ( 65.9 % ) for 2016 .the increase in operating expenses compared with 2016 was primarily driven by slightly higher compensation and benefits expenses and our investments to fund growth .higher expenses related to consolidated investments and our digital lending and deposit platform were primarily included in depreciation and amortization expenses , market development expenses and other expenses .in addition , technology expenses increased , reflecting higher expenses related to cloud-based services and software depreciation , and professional fees increased , primarily related to consulting costs .these increases were partially offset by lower net provisions for litigation and regulatory proceedings , and lower occupancy expenses ( primarily related to exit costs in 2016 ) .54 goldman sachs 2018 form 10-k .
|
what is the growth rate in operating expenses in 2017?
|
3.1%
|
{
"answer": "3.1%",
"decimal": 0.031,
"type": "percentage"
}
| |
we participate in a medicare health support pilot program through green ribbon health , or grh , a joint- venture company with pfizer health solutions inc .grh is designed to support medicare beneficiaries living with diabetes and/or congestive heart failure in central florida .grh uses disease management initiatives including evidence-based clinical guidelines , personal self-directed change strategies , and personal nurses to help participants navigate the health system .revenues under the contract with cms , which expires october 31 , 2008 unless terminated earlier , are subject to refund unless a savings target is met .to date , all revenues have been deferred until reliable estimates are determinable .our products marketed to commercial segment employers and members smart plans and other consumer products over the last several years , we have developed and offered various commercial products designed to provide options and choices to employers that are annually facing substantial premium increases driven by double-digit medical cost inflation .these smart plans , discussed more fully below , and other consumer offerings , which can be offered on either a fully-insured or aso basis , provided coverage to approximately 564700 members at december 31 , 2007 , representing approximately 16.4% ( 16.4 % ) of our total commercial medical membership as detailed below .smart plans and other consumer membership other commercial membership commercial medical membership .
[['', 'smart plans and other consumer membership', 'other commercial membership', 'commercial medical membership'], ['fully-insured', '327900', '1480700', '1808600'], ['aso', '236800', '1406200', '1643000'], ['total commercial medical', '564700', '2886900', '3451600']]
these products are often offered to employer groups as 201cbundles 201d , where the subscribers are offered various hmo and ppo options , with various employer contribution strategies as determined by the employer .paramount to our product strategy , we have developed a group of innovative consumer products , styled as 201csmart 201d products , that we believe will be a long-term solution for employers .we believe this new generation of products provides more ( 1 ) choices for the individual consumer , ( 2 ) transparency of provider costs , and ( 3 ) benefit designs that engage consumers in the costs and effectiveness of health care choices .innovative tools and technology are available to assist consumers with these decisions , including the trade-offs between higher premiums and point-of-service costs at the time consumers choose their plans , and to suggest ways in which the consumers can maximize their individual benefits at the point they use their plans .we believe that when consumers can make informed choices about the cost and effectiveness of their health care , a sustainable long term solution for employers can be realized .smart products , which accounted for approximately 55% ( 55 % ) of enrollment in all of our consumer-choice plans as of december 31 , 2007 , are only sold to employers who use humana as their sole health insurance carrier .some employers have selected other types of consumer-choice products , such as , ( 1 ) a product with a high deductible , ( 2 ) a catastrophic coverage plan , or ( 3 ) ones that offer a spending account option in conjunction with more traditional medical coverage or as a stand alone plan .unlike our smart products , these products , while valuable in helping employers deal with near-term cost increases by shifting costs to employees , are not considered by us to be long-term comprehensive solutions to the employers 2019 cost dilemma , although we view them as an important interim step .our commercial hmo products provide prepaid health insurance coverage to our members through a network of independent primary care physicians , specialty physicians , and other health care providers who .
|
what is the percentage of aso's members among the total commercial medical membership?
|
47.60%
|
{
"answer": "47.60%",
"decimal": 0.47600000000000003,
"type": "percentage"
}
|
it is the number of members of the aso plan divided by the total commercial medical membership , then turned into a percentage .
|
liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries .stress testing and scenario analyses are intended to quantify the potential impact of an adverse liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized .these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and geopolitical and macroeconomic conditions .these conditions include expected and stressed market conditions as well as company-specific events .liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons and over different stressed conditions .liquidity limits are set accordingly .to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily .given the range of potential stresses , citi maintains contingency funding plans on a consolidated basis and for individual entities .these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses .short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal liquidity stress metrics that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s .lcr rules .generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario .the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days .banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows .the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 .pursuant to the federal reserve board 2019s final rule regarding lcr disclosures , effective april 1 , 2017 , citi began to disclose lcr in the prescribed format .the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec .31 , sept .30 , dec .31 .
[['in billions of dollars', 'dec . 31 2017', 'sept . 30 2017', 'dec . 31 2016'], ['hqla', '$ 446.4', '$ 448.6', '$ 403.7'], ['net outflows', '364.3', '365.1', '332.5'], ['lcr', '123% ( 123 % )', '123% ( 123 % )', '121% ( 121 % )'], ['hqla in excess of net outflows', '$ 82.1', '$ 83.5', '$ 71.3']]
note : amounts set forth in the table above are presented on an average basis .as set forth in the table above , citi 2019s lcr increased year- over-year , as the increase in the hqla ( as discussed above ) more than offset an increase in modeled net outflows .the increase in modeled net outflows was primarily driven by changes in assumptions , including changes in methodology to better align citi 2019s outflow assumptions with those embedded in its resolution planning .sequentially , citi 2019s lcr remained unchanged .long-term liquidity measurement : net stable funding ratio ( nsfr ) in 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement .the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules .in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level .a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments .prescribed factors would be required to be applied to the various categories of asset and liabilities classes .the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) .while citi believes that it is compliant with the proposed u.s .nsfr rules as of december 31 , 2017 , it will need to evaluate a final version of the rules , which are expected to be released during 2018 .citi expects that the nsfr final rules implementation period will be communicated along with the final version of the rules. .
|
what was the change in billions of net outflows from dec . 31 , 2016 to dec . 31 , 2017?
|
31.8
|
{
"answer": "31.8",
"decimal": 31.8,
"type": "float"
}
| |
our international networks segment owns and operates the following television networks , which reached the following number of subscribers via pay television services as of december 31 , 2013 : global networks international subscribers ( millions ) regional networks international subscribers ( millions ) .
[['global networks discovery channel', 'internationalsubscribers ( millions ) 271', 'regional networks discovery kids', 'internationalsubscribers ( millions ) 76'], ['animal planet', '200', 'sbs nordic ( a )', '28'], ['tlc real time and travel & living', '162', 'dmax ( b )', '16'], ['discovery science', '81', 'discovery history', '14'], ['investigation discovery', '74', 'shed', '12'], ['discovery home & health', '64', 'discovery en espanol ( u.s. )', '5'], ['turbo', '52', 'discovery familia ( u.s. )', '4'], ['discovery world', '23', 'gxt', '4']]
( a ) number of subscribers corresponds to the collective sum of the total number of subscribers to each of the sbs nordic broadcast networks in sweden , norway , and denmark subject to retransmission agreements with pay television providers .( b ) number of subscribers corresponds to dmax pay television networks in the u.k. , austria , switzerland and ireland .our international networks segment also owns and operates free-to-air television networks which reached 285 million cumulative viewers in europe and the middle east as of december 31 , 2013 .our free-to-air networks include dmax , fatafeat , quest , real time , giallo , frisbee , focus and k2 .similar to u.s .networks , the primary sources of revenue for international networks are fees charged to operators who distribute our networks , which primarily include cable and dth satellite service providers , and advertising sold on our television networks .international television markets vary in their stages of development .some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies .common practice in some markets results in long-term contractual distribution relationships , while customers in other markets renew contracts annually .distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the agreements , and the market demand for the content that we provide .advertising revenue is dependent upon a number of factors including the development of pay and free-to-air television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over a group of channels .in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets .in developing television markets , we expect that advertising revenue growth will result from continued subscriber and viewership growth , our localization strategy , and the shift of advertising spending from traditional analog networks to channels in the multi-channel environment .in relatively mature markets , such as western europe , growth in advertising revenue will come from increasing viewership and pricing of advertising on our existing television networks and the launching of new services , both organic and through acquisitions .during 2013 , distribution , advertising and other revenues were 50% ( 50 % ) , 47% ( 47 % ) and 3% ( 3 % ) , respectively , of total net revenues for this segment .on january 21 , 2014 , we entered into an agreement with tf1 to acquire a controlling interest in eurosport international ( "eurosport" ) , a leading pan-european sports media platform , by increasing our ownership stake from 20% ( 20 % ) to 51% ( 51 % ) for cash of approximately 20ac253 million ( $ 343 million ) subject to working capital adjustments .due to regulatory constraints the acquisition initially excludes eurosport france , a subsidiary of eurosport .we will retain a 20% ( 20 % ) equity interest in eurosport france and a commitment to acquire another 31% ( 31 % ) ownership interest beginning 2015 , contingent upon resolution of all regulatory matters .the flagship eurosport network focuses on regionally popular sports such as tennis , skiing , cycling and motor sports and reaches 133 million homes across 54 countries in 20 languages .eurosport 2019s brands and platforms also include eurosport hd ( high definition simulcast ) , eurosport 2 , eurosport 2 hd ( high definition simulcast ) , eurosport asia-pacific , and eurosportnews .the acquisition is intended to increase the growth of eurosport and enhance our pay television offerings in europe .tf1 will have the right to put the entirety of its remaining 49% ( 49 % ) non-controlling interest to us for approximately two and a half years after completion of this acquisition .the put has a floor value equal to the fair value at the acquisition date if exercised in the 90 day period beginning on july 1 , 2015 and is subsequently priced at fair value if exercised in the 90 day period beginning on july 1 , 2016 .we expect the acquisition to close in the second quarter of 2014 subject to obtaining necessary regulatory approvals. .
|
what was the difference in millions of international subscribers between discovery channel and discovery science?
|
190
|
{
"answer": "190",
"decimal": 190,
"type": "float"
}
| |
notes to consolidated financial statements the amortized cost and fair value of fixed maturities by contractual maturity as of december 31 , 2007 , are as follows : amortized fair ( millions ) cost value .
[['( millions )', 'amortizedcost', 'fairvalue'], ['due in one year or less', '$ 50', '$ 50'], ['due after one year through five years', '52', '52'], ['due after five years through ten years', '47', '47'], ['due after ten years', '1', '1'], ['total fixed maturities', '$ 150', '$ 150']]
expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties .for categorization purposes , aon considers any rating of baa or higher by moody 2019s investor services or equivalent rating agency to be investment grade .aon 2019s continuing operations have no fixed maturities with an unrealized loss at december 31 , 2007 .aon 2019s fixed-maturity portfolio is subject to interest rate , market and credit risks .with a carrying value of approximately $ 150 million at december 31 , 2007 , aon 2019s total fixed-maturity portfolio is approximately 96% ( 96 % ) investment grade based on market value .aon 2019s non publicly-traded fixed maturity portfolio had a carrying value of $ 9 million .valuations of these securities primarily reflect the fundamental analysis of the issuer and current market price of comparable securities .aon 2019s equity portfolio is comprised of a preferred stock not publicly traded .this portfolio is subject to interest rate , market , credit , illiquidity , concentration and operational performance risks .limited partnership securitization .in 2001 , aon sold the vast majority of its limited partnership ( lp ) portfolio , valued at $ 450 million , to peps i , a qspe .the common stock interest in peps i is held by a limited liability company which is owned by aon ( 49% ( 49 % ) ) and by a charitable trust , which is not controlled by aon , established for victims of september 11 ( 51% ( 51 % ) ) .approximately $ 171 million of investment grade fixed-maturity securities were sold by peps i to unaffiliated third parties .peps i then paid aon 2019s insurance underwriting subsidiaries the $ 171 million in cash and issued to them an additional $ 279 million in fixed-maturity and preferred stock securities .as part of this transaction , aon is required to purchase from peps i additional fixed-maturity securities in an amount equal to the unfunded limited partnership commitments , as they are requested .aon funded $ 2 million of commitments in both 2007 and 2006 .as of december 31 , 2007 , these unfunded commitments amounted to $ 44 million .these commitments have specific expiration dates and the general partners may decide not to draw on these commitments .the carrying value of the peps i preferred stock was $ 168 million and $ 210 million at december 31 , 2007 and 2006 , respectively .prior to 2007 , income distributions received from peps i were limited to interest payments on various peps i debt instruments .beginning in 2007 , peps i had redeemed or collateralized all of its debt , and as a result , began to pay preferred income distributions .in 2007 , the company received $ 61 million of income distributions from peps i , which are included in investment income .aon corporation .
|
what is the percentage of fairvalue of contracts due after ten years among the total?
|
0.67%
|
{
"answer": "0.67%",
"decimal": 0.0067,
"type": "percentage"
}
|
it is the value of those contracts divided by the total , then turned into a percentage .
|
available , we do not expect any transactions to have a significant impact on our reported income tax expense .in connection with the completion of the reorganization , we will reevaluate the ability to realize our deferred tax assets related to u.s .operations under the new aon uk corporate structure and we may recognize a non-cash , deferred tax expense upon the conclusion of this evaluation .based on information currently available , we do not expect the additional deferred tax expense , if any , to be significant .the reorganization will result in additional ongoing costs to us .the completion of the reorganization will result in an increase in some of our ongoing expenses and require us to incur some new expenses .some costs , including those related to employees in our u.k .offices and holding board meetings in the u.k. , are expected to be higher than would be the case if our principal executive offices were not relocated to the u.k. .we also expect to incur new expenses , including professional fees and sdrt in connection with settlement of equity-based awards under our stock or share incentive plans , to comply with u.k .corporate and tax laws .item 1b .unresolved staff comments .item 2 .properties .we have offices in various locations throughout the world .substantially all of our offices are located in leased premises .we maintain our corporate headquarters at 200 e .randolph street in chicago , illinois , where we occupy approximately 355000 square feet of space under an operating lease agreement that expires in 2013 .there are two five-year renewal options at current market rates .we own one building at pallbergweg 2-4 , amsterdam , the netherlands ( 150000 square feet ) .the following are additional significant leased properties , along with the occupied square footage and expiration. .
[['property:', 'occupied square footage', 'lease expiration dates'], ['4 overlook point and other locations lincolnshire illinois', '1224000', '2014 2013 2019'], ['2601 research forest drive the woodlands texas', '414000', '2020'], ['dlf city and unitech cyber park gurgaan india', '383000', '2012 2013 2014'], ['2300 discovery drive orlando florida', '364000', '2020'], ['devonshire square and other locations london uk', '327000', '2018 2013 2023'], ['199 water street new york new york', '319000', '2018'], ['7201 hewitt associates drive charlotte north carolina', '218000', '2015']]
7201 hewitt associates drive , charlotte , north carolina ............................218000 2015 the locations in lincolnshire , illinois , the woodlands , texas , orlando , florida , and charlotte north carolina , each of which were acquired as part of the hewitt acquisition in 2010 , are primarily dedicated to our hr solutions segment .the other locations listed above house personnel from each of our business segments .in november 2011 , aon entered into an agreement to lease 190000 square feet in a new building to be constructed in london , united kingdom .the agreement is contingent upon the completion of the building construction .aon expects to move into the new building in 2015 when it exercises an early break option at the devonshire square location. .
|
considering the properties with lease expiration dates in 2020 , what is the average occupied square footage?
|
389000
|
{
"answer": "389000",
"decimal": 389000,
"type": "float"
}
|
it is the sum of the occupied square footage for both years divided by two to represent the average .
|
s c h e d u l e i v ( continued ) ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2008 , 2007 , and 2006 ( in millions of u.s .dollars ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
[['for the years ended december 31 2008 2007 and 2006 ( in millions of u.s . dollars )', 'direct amount', 'ceded to other companies', 'assumed from other companies', 'net amount', 'percentage of amount assumed to net'], ['2008', '$ 16087', '$ 6144', '$ 3260', '$ 13203', '25% ( 25 % )'], ['2007', '$ 14673', '$ 5834', '$ 3458', '$ 12297', '28% ( 28 % )'], ['2006', '$ 13562', '$ 5198', '$ 3461', '$ 11825', '29% ( 29 % )']]
.
|
what is the percentage of amount ceded to direct amount in 2007?
|
39.8%
|
{
"answer": "39.8%",
"decimal": 0.39799999999999996,
"type": "percentage"
}
| |
republic services , inc .notes to consolidated financial statements 2014 ( continued ) we determine the discount rate used in the measurement of our obligations based on a model that matches the timing and amount of expected benefit payments to maturities of high quality bonds priced as of the pension plan measurement date .when that timing does not correspond to a published high-quality bond rate , our model uses an expected yield curve to determine an appropriate current discount rate .the yields on the bonds are used to derive a discount rate for the liability .the term of our obligation , based on the expected retirement dates of our workforce , is approximately ten years .in developing our expected rate of return assumption , we have evaluated the actual historical performance and long-term return projections of the plan assets , which give consideration to the asset mix and the anticipated timing of the pension plan outflows .we employ a total return investment approach whereby a mix of equity and fixed income investments are used to maximize the long-term return of plan assets for what we consider a prudent level of risk .the intent of this strategy is to minimize plan expenses by outperforming plan liabilities over the long run .risk tolerance is established through careful consideration of plan liabilities , plan funded status and our financial condition .the investment portfolio contains a diversified blend of equity and fixed income investments .furthermore , equity investments are diversified across u.s .and non-u.s .stocks as well as growth , value , and small and large capitalizations .derivatives may be used to gain market exposure in an efficient and timely manner ; however , derivatives may not be used to leverage the portfolio beyond the market value of the underlying investments .investment risk is measured and monitored on an ongoing basis through annual liability measurements , periodic asset and liability studies , and quarterly investment portfolio reviews .the following table summarizes our target asset allocation for 2014 and actual asset allocation as of december 31 , 2014 and 2013 for our defined benefit pension plan : target allocation actual allocation actual allocation .
[['', 'targetassetallocation', '2014actualassetallocation', '2013actualassetallocation'], ['debt securities', '70% ( 70 % )', '70% ( 70 % )', '70% ( 70 % )'], ['equity securities', '30', '30', '30'], ['total', '100% ( 100 % )', '100% ( 100 % )', '100% ( 100 % )']]
for 2015 , the investment strategy for pension plan assets is to maintain a broadly diversified portfolio designed to achieve our target of an average long-term rate of return of 6.35% ( 6.35 % ) .while we believe we can achieve a long- term average return of 6.35% ( 6.35 % ) , we cannot be certain that the portfolio will perform to our expectations .assets are strategically allocated among debt and equity portfolios to achieve a diversification level that reduces fluctuations in investment returns .asset allocation target ranges and strategies are reviewed periodically with the assistance of an independent external consulting firm. .
|
based on the 2014 actualassetallocation what was the debt to equity ratio
|
2.3
|
{
"answer": "2.3",
"decimal": 2.3,
"type": "float"
}
|
the debt to equity ratio is the ratio of the debt to equity in terms of the financing of the company
|
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , the company increased net deferred tax assets by $ 1.5 million and $ 7.2 million , respectively with a corresponding reduction of goodwill associated with the utilization of net operating and capital losses acquired in connection with the spectrasite , inc .merger .these deferred tax assets were assigned a full valuation allowance as part of the final spectrasite purchase price allocation in june 2006 , as evidence available at the time did not support that losses were more likely than not to be realized .the valuation allowance decreased from $ 308.2 million as of december 31 , 2006 to $ 88.2 million as of december 31 , 2007 .the decrease was primarily due to a $ 149.6 million reclassification to the fin 48 opening balance ( related to federal and state net operating losses acquired in connection with the spectrasite , inc .merger ) and $ 45.2 million of allowance reductions during the year ended december 31 , 2007 related to state net operating losses , capital loss expirations of $ 6.5 million and other items .the company 2019s deferred tax assets as of december 31 , 2007 and 2006 in the table above do not include $ 74.9 million and $ 31.0 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses due to the adoption of sfas no .123r .total stockholders 2019 equity will be increased by $ 74.9 million if and when any such excess tax benefits are ultimately realized .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 , 2007 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.6 billion and $ 2.1 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .
[['years ended december 31,', 'federal', 'state'], ['2008 to 2012', '', '$ 294358'], ['2013 to 2017', '', '561608'], ['2018 to 2022', '$ 466747', '803201'], ['2023 to 2027', '1134060', '451874'], ['total', '$ 1600807', '$ 2111041']]
as described in note 1 , the company adopted the provisions of fin 48 on january 1 , 2007 .as of january 1 , 2007 , the total amount of unrecognized tax benefits was $ 183.9 million of which $ 34.3 million would affect the effective tax rate , if recognized .as of december 31 , 2007 , the total amount of unrecognized tax benefits was $ 59.2 million , $ 23.0 million of which would affect the effective tax rate , if recognized .the company expects the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe .however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , the .
|
what is the change in balance of unrecognized tax benefits during 2007?
|
-124.7
|
{
"answer": "-124.7",
"decimal": -124.7,
"type": "float"
}
| |
a lump sum buyout cost of approximately $ 1.1 million .total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 893000 , $ 856000 and $ 823000 for the fiscal years ended march 31 , 2001 , 2002 and 2003 , respectively .during the fiscal year ended march 31 , 2000 , the company entered into 36-month operating leases totaling approximately $ 644000 for the lease of office furniture .these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased at its fair market value .rental expense recorded for these leases during the fiscal years ended march 31 , 2001 , 2002 and 2003 was approximately $ 215000 , $ 215000 and $ 127000 respectively .during fiscal 2000 , the company entered into a 36-month capital lease for computer equipment and software for approximately $ 221000 .this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased at the stipulated buyout price .future minimum lease payments under all non-cancelable operating leases as of march 31 , 2003 are approximately as follows ( in thousands ) : .
[['year ending march 31,', 'operating leases'], ['2004', '$ 781'], ['2005', '776'], ['2006', '776'], ['2007', '769'], ['2008', '772'], ['thereafter', '1480'], ['total future minimum lease payments', '$ 5354']]
from time to time , the company is involved in legal and administrative proceedings and claims of various types .while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , will not have a material adverse effect on the company .7 .stock option and purchase plans all stock options granted by the company under the below-described plans were granted at the fair value of the underlying common stock at the date of grant .outstanding stock options , if not exercised , expire 10 years from the date of grant .the 1992 combination stock option plan ( the combination plan ) , as amended , was adopted in september 1992 as a combination and restatement of the company 2019s then outstanding incentive stock option plan and nonqualified plan .a total of 2670859 options were awarded from the combination plan during its ten-year restatement term that ended on may 1 , 2002 .as of march 31 , 2003 , 1286042 of these options remain outstanding and eligible for future exercise .these options are held by company employees and generally become exercisable ratably over five years .the 1998 equity incentive plan , ( the equity incentive plan ) , was adopted by the company in august 1998 .the equity incentive plan provides for grants of options to key employees , directors , advisors and consultants as either incentive stock options or nonqualified stock options as determined by the company 2019s board of directors .a maximum of 1000000 shares of common stock may be awarded under this plan .options granted under the equity incentive plan are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant .options outstanding under the equity incentive plan have vesting periods of 3 to 5 years from the date of grant .the 2000 stock incentive plan , ( the 2000 plan ) , was adopted by the company in august 2000 .the 2000 plan provides for grants of options to key employees , directors , advisors and consultants to the company or its subsidiaries as either incentive or nonqualified stock options as determined by the company 2019s board of directors .up to 1400000 shares of common stock may be awarded under the 2000 plan and are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant .options outstanding under the 2000 plan generally vested 4 years from the date of grant .the company has a nonqualified stock option plan for non-employee directors ( the directors 2019 plan ) .the directors 2019 plan , as amended , was adopted in july 1989 and provides for grants of options to purchase shares of the company 2019s common stock to non-employee directors of the company .up to 400000 shares of common stock may be awarded under the directors 2019 plan .options outstanding under the directors 2019 plan have vesting periods of 1 to 5 years from the date of grant .notes to consolidated financial statements ( continued ) march 31 , 2003 page 25 .
|
is the vesting under the 2000 employee equity plan potentially longer than under the directors 1989 plan?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements of its outstanding restricted stock awards and stock options and uses the if-converted method to calculate the effect of its outstanding mandatory convertible preferred stock .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .for the years ended december 31 , 2014 and 2013 , the company matched 75% ( 75 % ) of the first 6% ( 6 % ) of a participant 2019s contributions .the company 2019s matching contribution for the year ended december 31 , 2012 was 50% ( 50 % ) of the first 6% ( 6 % ) of a participant 2019s contributions .for the years ended december 31 , 2014 , 2013 and 2012 , the company contributed approximately $ 6.5 million , $ 6.0 million and $ 4.4 million to the plan , respectively .accounting standards updates 2014in april 2014 , the financial accounting standards board ( the 201cfasb 201d ) issued additional guidance on reporting discontinued operations .under this guidance , only disposals representing a strategic shift in operations would be presented as discontinued operations .this guidance requires expanded disclosure that provides information about the assets , liabilities , income and expenses of discontinued operations .additionally , the guidance requires additional disclosure for a disposal of a significant part of an entity that does not qualify for discontinued operations reporting .this guidance is effective for reporting periods beginning on or after december 15 , 2014 , with early adoption permitted for disposals or classifications of assets as held-for-sale that have not been reported in financial statements previously issued or available for issuance .the company chose to early adopt this guidance during the year ended december 31 , 2014 and the adoption did not have a material effect on the company 2019s financial statements .in may 2014 , the fasb issued new revenue recognition guidance , which requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled in exchange for the transfer of promised goods or services to customers .the standard will replace most existing revenue recognition guidance in gaap and will become effective on january 1 , 2017 .the standard permits the use of either the retrospective or cumulative effect transition method , and leases are not included in the scope of this standard .the company is evaluating the impact this standard may have on its financial statements .2 .prepaid and other current assets prepaid and other current assets consists of the following as of december 31 , ( in thousands ) : .
[['', '2014', '2013 ( 1 )'], ['prepaid operating ground leases', '$ 88508', '$ 96881'], ['prepaid income tax', '34512', '52612'], ['unbilled receivables', '25352', '25412'], ['prepaid assets', '23848', '34243'], ['value added tax and other consumption tax receivables', '23228', '77016'], ['other miscellaneous current assets', '59174', '61253'], ['balance as of december 31,', '$ 254622', '$ 347417']]
( 1 ) december 31 , 2013 balances have been revised to reflect purchase accounting measurement period adjustments. .
|
assuming maximum participant contributions , what was the change in company match percentage between 2014 and 2013?
|
1.5%
|
{
"answer": "1.5%",
"decimal": 0.015,
"type": "percentage"
}
| |
amerisourcebergen corporation 2005 during the fiscal year september 30 , 2005 , the company recorded an impairment charge of $ 5.3 million relating to certain intangible assets within its technology operations .amortization expense for other intangible assets was $ 10.3 million , $ 10.0 million and $ 7.0 million in the fiscal years ended september 30 , 2005 , 2004 and 2003 , respectively .amortization expense for other intangible assets is estimated to be $ 10.1 million in fiscal 2006 , $ 8.8 million in fiscal 2007 , $ 5.0 million in fiscal 2008 , $ 3.3 million in fiscal 2009 , $ 3.2 million in fiscal 2010 , and $ 15.9 million thereafter .note 6 .debt debt consisted of the following: .
[['dollars in thousands', 'september 30 , 2005', 'september 30 , 2004'], ['blanco revolving credit facility at 4.53% ( 4.53 % ) and 3.34% ( 3.34 % ) respectively due 2006', '$ 55000', '$ 55000'], ['amerisourcebergen securitization financing due 2007', '2014', '2014'], ['revolving credit facility due 2009', '2014', '2014'], ['$ 400000 55/8% ( 55/8 % ) senior notes due 2012', '398010', '2014'], ['$ 500000 57/8% ( 57/8 % ) senior notes due 2015', '497508', '2014'], ['term loan facility at 3.02% ( 3.02 % )', '2014', '180000'], ['bergen 71/4% ( 71/4 % ) senior notes due 2005', '2014', '99939'], ['81/8%senior notes due 2008', '2014', '500000'], ['71/4%senior notes due 2012', '2014', '300000'], ['amerisource 5% ( 5 % ) convertible subordinated notes due 2007', '2014', '300000'], ['other', '2193', '3532'], ['total debt', '952711', '1438471'], ['less current portion', '1232', '281360'], ['total net of current portion', '$ 951479', '$ 1157111']]
long-term debt in september 2005 , the company issued $ 400 million of 5.625% ( 5.625 % ) senior notes due september 15 , 2012 ( the 201c2012 notes 201d ) and $ 500 million of 5.875% ( 5.875 % ) senior notes due september 15 , 2015 ( the 201c2015 notes 201d ) .the 2012 notes and 2015 notes each were sold at 99.5% ( 99.5 % ) of principal amount and have an effective interest yield of 5.71% ( 5.71 % ) and 5.94% ( 5.94 % ) , respectively .interest on the 2012 notes and the 2015 notes is payable semiannually in arrears , commencing on march 15 , 2006 .both the 2012 notes and the 2015 notes are redeemable at the company 2019s option at a price equal to the greater of 100% ( 100 % ) of the principal amount thereof , or the sum of the discounted value of the remaining scheduled payments , as defined .in addition , at any time before september 15 , 2008 , the company may redeem up to an aggregate of 35% ( 35 % ) of the principal amount of the 2012 notes or the 2015 notes at redemption prices equal to 105.625% ( 105.625 % ) and 105.875% ( 105.875 % ) , respectively , of the principal amounts thereof , plus accrued and unpaid interest and liquidated damages , if any , to the date of redemption , with the cash proceeds of one or more equity issuances .in connection with the issuance of the 2012 notes and the 2015 notes , the company incurred approximately $ 6.3 million and $ 7.9 million of costs , respectively , which were deferred and are being amortized over the terms of the notes .the gross proceeds from the sale of the 2012 notes and the 2015 notes were used to finance the early retirement of the $ 500 million of 81 20448% ( 20448 % ) senior notes due 2008 and $ 300 million of 71 20444% ( 20444 % ) senior notes due 2012 in september 2005 , including the payment of $ 102.3 million of premiums and other costs .additionally , the company expensed $ 8.5 million of deferred financing costs related to the retirement of the 71 20444% ( 20444 % ) notes and the 81 20448% ( 20448 % ) notes .in december 2004 , the company entered into a $ 700 million five-year senior unsecured revolving credit facility ( the 201csenior revolving credit facility 201d ) with a syndicate of lenders .the senior revolving credit facility replaced the senior credit agreement , as defined below .there were no borrowings outstanding under the senior revolving credit facility at september 30 , 2005 .interest on borrowings under the senior revolving credit facility accrues at specific rates based on the company 2019s debt rating .in april 2005 , the company 2019s debt rating was raised by one of the rating agencies and in accordance with the terms of the senior revolving credit facility , interest on borrow- ings accrue at either 80 basis points over libor or the prime rate at september 30 , 2005 .availability under the senior revolving credit facility is reduced by the amount of outstanding letters of credit ( $ 12.0 million at september 30 , 2005 ) .the company pays quarterly facility fees to maintain the availability under the senior revolving credit facility at specific rates based on the company 2019s debt rating .in april 2005 , the rate payable to maintain the availability of the $ 700 million commitment was reduced to 20 basis points per annum resulting from the company 2019s improved debt rating .in connection with entering into the senior revolving credit facility , the company incurred approximately $ 2.5 million of costs , which were deferred and are being amortized over the life of the facility .the company may choose to repay or reduce its commitments under the senior revolving credit facility at any time .the senior revolving credit facility contains covenants that impose limitations on , among other things , additional indebtedness , distributions and dividends to stockholders , and invest- ments .additional covenants require compliance with financial tests , including leverage and minimum earnings to fixed charges ratios .in august 2001 , the company had entered into a senior secured credit agreement ( the 201csenior credit agreement 201d ) with a syndicate of lenders .the senior credit agreement consisted of a $ 1.0 billion revolving credit facility ( the 201crevolving facility 201d ) and a $ 300 million term loan facility ( the 201cterm facility 201d ) , both of which had been scheduled to mature in august 2006 .the term facility had scheduled quarterly maturities , which began in december 2002 , totaling $ 60 million in each of fiscal 2003 and 2004 , $ 80 million in fiscal 2005 and $ 100 million in fiscal 2006 .the company previously paid the scheduled quarterly maturities of $ 60 million in fiscal 2004 and 2003. .
|
what was the change in total debt net of current portions in thousands between 2004 and 2005?
|
-205632
|
{
"answer": "-205632",
"decimal": -205632,
"type": "float"
}
| |
fair value of the tangible assets and identifiable intangible assets acquired , was $ 17.7 million .goodwill resulted primarily from the company 2019s expectation of synergies from the integration of sigma-c 2019s technology with the company 2019s technology and operations .virtio corporation , inc .( virtio ) the company acquired virtio on may 15 , 2006 in an all-cash transaction .reasons for the acquisition .the company believes that its acquisition of virtio will expand its presence in electronic system level design .the company expects the combination of the company 2019s system studio solution with virtio 2019s virtual prototyping technology will help accelerate systems to market by giving software developers the ability to begin code development earlier than with prevailing methods .purchase price .the company paid $ 9.1 million in cash for the outstanding shares of virtio , of which $ 0.9 million was deposited with an escrow agent and which will be paid to the former stockholders of virtio pursuant to the terms of an escrow agreement .in addition , the company had a prior investment in virtio of approximately $ 1.7 million .the total purchase consideration consisted of: .
[['', '( in thousands )'], ['cash paid', '$ 9076'], ['prior investment in virtio', '1664'], ['acquisition-related costs', '713'], ['total purchase price', '$ 11453']]
acquisition-related costs of $ 0.7 million consist primarily of legal , tax and accounting fees , estimated facilities closure costs and employee termination costs .as of october 31 , 2006 , the company had paid $ 0.3 million of the acquisition-related costs .the $ 0.4 million balance remaining at october 31 , 2006 primarily consists of professional and tax-related service fees and facilities closure costs .under the agreement with virtio , the company has also agreed to pay up to $ 4.3 million over three years to the former stockholders based upon achievement of certain sales milestones .this contingent consideration is considered to be additional purchase price and will be an adjustment to goodwill when and if payment is made .additionally , the company has also agreed to pay $ 0.9 million in employee retention bonuses which will be recognized as compensation expense over the service period of the applicable employees .assets acquired .the company has performed a preliminary valuation and allocated the total purchase consideration to the assets and liabilities acquired , including identifiable intangible assets based on their respective fair values on the acquisition date .the company acquired $ 2.5 million of intangible assets consisting of $ 1.9 million in existing technology , $ 0.4 million in customer relationships and $ 0.2 million in non-compete agreements to be amortized over five to seven years .additionally , the company acquired tangible assets of $ 5.5 million and assumed liabilities of $ 3.2 million .goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger , was $ 6.7 million .goodwill resulted primarily from the company 2019s expectation of synergies from the integration of virtio 2019s technology with the company 2019s technology and operations .hpl technologies , inc .( hpl ) the company acquired hpl on december 7 , 2005 in an all-cash transaction .reasons for the acquisition .the company believes that the acquisition of hpl will help solidify the company 2019s position as a leading electronic design automation vendor in design for manufacturing ( dfm ) .
|
what percentage of the total purchase price did goodwill represent?
|
58%
|
{
"answer": "58%",
"decimal": 0.58,
"type": "percentage"
}
| |
agreements associated with the agency securitizations , most sale agreements do not provide for penalties or other remedies if we do not respond timely to investor indemnification or repurchase requests .origination and sale of residential mortgages is an ongoing business activity and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements .we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages and home equity loans/lines for which indemnification is expected to be provided or for loans that are expected to be repurchased .for the first and second-lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made and our estimate of future claims on a loan by loan basis .these relate primarily to loans originated during 2006-2008 .for the home equity loans/lines sold portfolio , we have established indemnification and repurchase liabilities based upon this same methodology for loans sold during 2005-2007 .indemnification and repurchase liabilities are initially recognized when loans are sold to investors and are subsequently evaluated by management .initial recognition and subsequent adjustments to the indemnification and repurchase liability for the sold residential mortgage portfolio are recognized in residential mortgage revenue on the consolidated income statement .since pnc is no longer engaged in the brokered home equity lending business , only subsequent adjustments are recognized to the home equity loans/lines indemnification and repurchase liability .these adjustments are recognized in other noninterest income on the consolidated income statement .management 2019s subsequent evaluation of these indemnification and repurchase liabilities is based upon trends in indemnification and repurchase requests , actual loss experience , risks in the underlying serviced loan portfolios , and current economic conditions .as part of its evaluation , management considers estimated loss projections over the life of the subject loan portfolio .at december 31 , 2011 and december 31 , 2010 , the total indemnification and repurchase liability for estimated losses on indemnification and repurchase claims totaled $ 130 million and $ 294 million , respectively , and was included in other liabilities on the consolidated balance sheet .an analysis of the changes in this liability during 2011 and 2010 follows : analysis of indemnification and repurchase liability for asserted claims and unasserted claims .
[['in millions', '2011 residential mortgages ( a )', '2011 home equity loans/lines ( b )', '2011 total', '2011 residential mortgages ( a )', '2011 home equity loans/lines ( b )', 'total'], ['january 1', '$ 144', '$ 150', '$ 294', '$ 229', '$ 41', '$ 270'], ['reserve adjustments net', '102', '4', '106', '120', '144', '264'], ['losses 2013 loan repurchases and settlements', '-163 ( 163 )', '-107 ( 107 )', '-270 ( 270 )', '-205 ( 205 )', '-35 ( 35 )', '-240 ( 240 )'], ['december 31', '$ 83', '$ 47', '$ 130', '$ 144', '$ 150', '$ 294']]
( a ) repurchase obligation associated with sold loan portfolios of $ 121.4 billion and $ 139.8 billion at december 31 , 2011 and december 31 , 2010 , respectively .( b ) repurchase obligation associated with sold loan portfolios of $ 4.5 billion and $ 6.5 billion at december 31 , 2011 and december 31 , 2010 , respectively .pnc is no longer engaged in the brokered home equity lending business , which was acquired with national city .management believes our indemnification and repurchase liabilities appropriately reflect the estimated probable losses on investor indemnification and repurchase claims at december 31 , 2011 and 2010 .while management seeks to obtain all relevant information in estimating the indemnification and repurchase liability , the estimation process is inherently uncertain and imprecise and , accordingly , it is reasonably possible that future indemnification and repurchase losses could be more or less than our established liability .factors that could affect our estimate include the volume of valid claims driven by investor strategies and behavior , our ability to successfully negotiate claims with investors , housing prices , and other economic conditions .at december 31 , 2011 , we estimate that it is reasonably possible that we could incur additional losses in excess of our indemnification and repurchase liability of up to $ 85 million .this estimate of potential additional losses in excess of our liability is based on assumed higher investor demands , lower claim rescissions , and lower home prices than our current assumptions .reinsurance agreements we have two wholly-owned captive insurance subsidiaries which provide reinsurance to third-party insurers related to insurance sold to our customers .these subsidiaries enter into various types of reinsurance agreements with third-party insurers where the subsidiary assumes the risk of loss through either an excess of loss or quota share agreement up to 100% ( 100 % ) reinsurance .in excess of loss agreements , these subsidiaries assume the risk of loss for an excess layer of coverage up to specified limits , once a defined first loss percentage is met .in quota share agreements , the subsidiaries and third-party insurers share the responsibility for payment of all claims .these subsidiaries provide reinsurance for accidental death & dismemberment , credit life , accident & health , lender placed 200 the pnc financial services group , inc .2013 form 10-k .
|
residential mortgages were what percent of the total indemnification and repurchase liability for asserted claims and unasserted claims as of december 31 2011?
|
63.8%
|
{
"answer": "63.8%",
"decimal": 0.638,
"type": "percentage"
}
| |
( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .we operate in two business segments : rental and management and network development services .for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states ...........19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .mexico ................2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .brazil .................1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .india ..................200 initial-phase coverage ( operations established in the second half of 2007 ) .we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .paging and fixed microwave .our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .for the year ended december 31 .
[['country', 'number of owned sites ( approx )', 'coverage area'], ['united states', '19400', 'coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .'], ['mexico', '2500', 'coverage primarily concentrated in highly populated areas including mexico city monterrey guadalajara and acapulco .'], ['brazil', '1100', 'coverage primarily concentrated in major metropolitan areas in central and southern brazil including sao paulo rio de janeiro brasilia and curitiba .'], ['india', '200', 'initial-phase coverage ( operations established in the second half of 2007 ) .']]
( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .we operate in two business segments : rental and management and network development services .for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states ...........19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .mexico ................2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .brazil .................1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .india ..................200 initial-phase coverage ( operations established in the second half of 2007 ) .we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .paging and fixed microwave .our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .for the year ended december 31 .
|
what is the total number of owned sites presented in the table?
|
23200
|
{
"answer": "23200",
"decimal": 23200,
"type": "float"
}
| |
item 1b .unresolved staff comments item 2 .properties we employ a variety of assets in the management and operation of our rail business .our rail network covers 23 states in the western two-thirds of the u.s .our rail network includes 31974 route miles .we own 26012 miles and operate on the remainder pursuant to trackage rights or leases .the following table describes track miles at december 31 , 2014 and 2013 .2014 2013 .
[['', '2014', '2013'], ['route', '31974', '31838'], ['other main line', '6943', '6766'], ['passing lines and turnouts', '3197', '3167'], ['switching and classification yard lines', '9058', '9090'], ['total miles', '51172', '50861']]
headquarters building we own our headquarters building in omaha , nebraska .the facility has 1.2 million square feet of space for approximately 4000 employees. .
|
what is the average number of total track miles per state in the rail network ?
|
2225
|
{
"answer": "2225",
"decimal": 2225,
"type": "float"
}
| |
22 2016 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2016 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
[['', '2011', '2012', '2013', '2014', '2015', '2016'], ['jkhy', '100.00', '116.62', '161.33', '206.53', '228.24', '312.11'], ['peer group', '100.00', '107.65', '126.89', '174.28', '219.46', '251.24'], ['s&p 500', '100.00', '105.45', '127.17', '158.46', '170.22', '177.02']]
this comparison assumes $ 100 was invested on june 30 , 2011 , and assumes reinvestments of dividends .total returns are calculated according to market capitalization of peer group members at the beginning of each period .peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses .companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. .heartland payment systems , inc .was removed from the peer group as it merged with global payments , inc .in april 2016. .
|
what was the total amount of returns that jkhy , peer group and s&p 500 had made combined by june 30 , 2012?
|
29.72
|
{
"answer": "29.72",
"decimal": 29.72,
"type": "float"
}
|
the one year growth for each company added up .
|
entergy arkansas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
[['2017', '2016', '2015', '2014'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['( $ 166137 )', '( $ 51232 )', '( $ 52742 )', '$ 2218']]
see note 4 to the financial statements for a description of the money pool .entergy arkansas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 .entergy arkansas also has a $ 20 million credit facility scheduled to expire in april 2018 . a0 a0the $ 150 million credit facility permits the issuance of letters of credit against $ 5 million of the borrowing capacity of the facility .as of december 31 , 2017 , there were no cash borrowings and no letters of credit outstanding under the credit facilities .in addition , entergy arkansas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso .as of december 31 , 2017 , a $ 1 million letter of credit was outstanding under entergy arkansas 2019s uncommitted letter of credit facility .see note 4 to the financial statements for further discussion of the credit facilities .the entergy arkansas nuclear fuel company variable interest entity has a credit facility in the amount of $ 80 million scheduled to expire in may 2019 . a0 a0as of december 31 , 2017 , $ 50 million in letters of credit to support a like amount of commercial paper issued and $ 24.9 million in loans were outstanding under the entergy arkansas nuclear fuel company variable interest entity credit facility .see note 4 to the financial statements for further discussion of the nuclear fuel company variable interest entity credit facility .entergy arkansas obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 250 million at any time outstanding and borrowings by its nuclear fuel company variable interest entity .see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits .the long-term securities issuances of entergy arkansas are limited to amounts authorized by the apsc , and the current authorization extends through december 2018 .entergy arkansas , inc .and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery retail rates 2015 base rate filing in april 2015 , entergy arkansas filed with the apsc for a general change in rates , charges , and tariffs .the filing notified the apsc of entergy arkansas 2019s intent to implement a forward test year formula rate plan pursuant to arkansas legislation passed in 2015 , and requested a retail rate increase of $ 268.4 million , with a net increase in revenue of $ 167 million .the filing requested a 10.2% ( 10.2 % ) return on common equity .in september 2015 the apsc staff and intervenors filed direct testimony , with the apsc staff recommending a revenue requirement of $ 217.9 million and a 9.65% ( 9.65 % ) return on common equity .in december 2015 , entergy arkansas , the apsc staff , and certain of the intervenors in the rate case filed with the apsc a joint motion for approval of a settlement of the case that proposed a retail rate increase of approximately $ 225 million with a net increase in revenue of approximately $ 133 million ; an authorized return on common equity of 9.75% ( 9.75 % ) ; and a formula rate plan tariff that provides a +/- 50 basis point band around the 9.75% ( 9.75 % ) allowed return on common equity .a significant portion of the rate increase is related to entergy arkansas 2019s acquisition in march 2016 of union power station power block 2 for a base purchase price of $ 237 million .the settlement agreement also provided for amortization over a 10-year period of $ 7.7 million of previously-incurred costs related to ano post-fukushima compliance and $ 9.9 million of previously-incurred costs related to ano flood barrier compliance .a settlement hearing was held in january 2016 .in february 2016 the apsc approved the settlement with one exception that reduced the retail rate increase proposed in the settlement by $ 5 million .the settling parties agreed to the apsc modifications in february 2016 .the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .in march 2016 , entergy arkansas made a compliance filing regarding the .
|
in 2016 as part of the entergy arkansas 2019s intent to implement a forward test year formula rate plan pursuant to arkansas legislation passed in 2015 , what was the ratio of the and requested a retail rate increase to the net increase
|
1.61
|
{
"answer": "1.61",
"decimal": 1.61,
"type": "float"
}
| |
charge-off is based on pnc 2019s actual loss experience for each type of pool .since a pool may consist of first and second liens , the charge-off amounts for the pool are proportionate to the composition of first and second liens in the pool .our experience has been that the ratio of first to second lien loans has been consistent over time and is appropriately represented in our pools used for roll-rate calculations .generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20-year amortization term .during the draw period , we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest .the risk associated with our home equity lines of credit end of period draw dates is considered in establishing our alll .based upon outstanding balances at december 31 , 2013 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end .table 41 : home equity lines of credit 2013 draw period end in millions interest only product principal and interest product .
[['in millions', 'interest onlyproduct', 'principal andinterest product'], ['2014', '$ 1768', '$ 450'], ['2015', '1829', '625'], ['2016', '1521', '485'], ['2017', '2738', '659'], ['2018', '1206', '894'], ['2019 and thereafter', '3848', '4562'], ['total ( a ) ( b )', '$ 12910', '$ 7675']]
( a ) includes all home equity lines of credit that mature in 2014 or later , including those with borrowers where we have terminated borrowing privileges .( b ) includes approximately $ 185 million , $ 193 million , $ 54 million , $ 63 million , $ 47 million and $ 561 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2014 , 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively .we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments .based upon outstanding balances , and excluding purchased impaired loans , at december 31 , 2013 , for home equity lines of credit for which the borrower can no longer draw ( e.g. , draw period has ended or borrowing privileges have been terminated ) , approximately 3.65% ( 3.65 % ) were 30-89 days past due and approximately 5.49% ( 5.49 % ) were 90 days or more past due .generally , when a borrower becomes 60 days past due , we terminate borrowing privileges and those privileges are not subsequently reinstated .at that point , we continue our collection/recovery processes , which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr .see note 5 asset quality in the notes to consolidated financial statements in item 8 of this report for additional information .loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure , where appropriate .initially , a borrower is evaluated for a modification under a government program .if a borrower does not qualify under a government program , the borrower is then evaluated under a pnc program .our programs utilize both temporary and permanent modifications and typically reduce the interest rate , extend the term and/or defer principal .temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs .further , certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs .additional detail on tdrs is discussed below as well as in note 5 asset quality in the notes to consolidated financial statements in item 8 of this report .a temporary modification , with a term between 3 and 24 months , involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date .a permanent modification , with a term greater than 24 months , is a modification in which the terms of the original loan are changed .permanent modifications primarily include the government-created home affordable modification program ( hamp ) or pnc-developed hamp-like modification programs .for home equity lines of credit , we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance .examples of this situation often include delinquency due to illness or death in the family or loss of employment .permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount , but our expectation is that payments at lower amounts can be made .we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses .table 42 provides the number of accounts and unpaid principal balance of modified consumer real estate related loans and table 43 provides the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months , nine months , twelve months and fifteen months after the modification date .the pnc financial services group , inc .2013 form 10-k 79 .
|
for the 2014 draw period balances of interest only products , what percent were home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges?
|
10.5%
|
{
"answer": "10.5%",
"decimal": 0.105,
"type": "percentage"
}
| |
j a c k h e n r y .c o m 1 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the company 2019s common stock is quoted on the nasdaq global select market ( 201cnasdaq 201d ) under the symbol 201cjkhy 201d .the company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time .the declaration and payment of any future dividends will continue to be at the discretion of our board of directors and will depend upon , among other factors , our earnings , capital requirements , contractual restrictions , and operating and financial condition .the company does not currently foresee any changes in its dividend practices .on august 15 , 2019 , there were approximately 145300 holders of the company 2019s common stock , including individual participants in security position listings .on that same date the last sale price of the common shares as reported on nasdaq was $ 141.94 per share .issuer purchases of equity securities the following shares of the company were repurchased during the quarter ended june 30 , 2019 : total number of shares purchased ( 1 ) average price of total number of shares purchased as part of publicly announced plans ( 1 ) maximum number of shares that may yet be purchased under the plans ( 2 ) .
[['', 'total number of shares purchased ( 1 )', 'average price of share', 'total number of shares purchased as part of publicly announced plans ( 1 )', 'maximum number of shares that may yet be purchased under the plans ( 2 )'], ['april 1- april 30 2019', '2014', '$ 2014', '2014', '3732713'], ['may 1- may 31 2019', '250000', '$ 134.35', '250000', '3482713'], ['june 1- june 30 2019', '2014', '$ 2014', '2014', '3482713'], ['total', '250000', '$ 134.35', '250000', '3482713']]
( 1 ) 250000 shares were purchased through a publicly announced repurchase plan .there were no shares surrendered to the company to satisfy tax withholding obligations in connection with employee restricted stock awards .( 2 ) total stock repurchase authorizations approved by the company 2019s board of directors as of february 17 , 2015 were for 30.0 million shares .these authorizations have no specific dollar or share price targets and no expiration dates. .
|
what was the company market capitalization on august 15 , 2019,
|
20623882
|
{
"answer": "20623882",
"decimal": 20623882,
"type": "float"
}
| |
note 8 2013 debt our long-term debt consisted of the following ( in millions ) : .
[['', '2012', '2011'], ['notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042', '$ 5642', '$ 5308'], ['notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2013 to 2036', '1080', '1239'], ['other debt', '478', '19'], ['total long-term debt', '7200', '6966'], ['less : unamortized discounts', '-892 ( 892 )', '-506 ( 506 )'], ['total long-term debt net of unamortized discounts', '6308', '6460'], ['less : current maturities of long-term debt', '-150 ( 150 )', '2014'], ['total long-term debt net', '$ 6158', '$ 6460']]
in december 2012 , we issued notes totaling $ 1.3 billion with a fixed interest rate of 4.07% ( 4.07 % ) maturing in december 2042 ( the new notes ) in exchange for outstanding notes totaling $ 1.2 billion with interest rates ranging from 5.50% ( 5.50 % ) to 8.50% ( 8.50 % ) maturing in 2023 to 2040 ( the old notes ) .in connection with the exchange , we paid a premium of $ 393 million , of which $ 225 million was paid in cash and $ 168 million was in the form of new notes .this premium , in addition to $ 194 million in remaining unamortized discounts related to the old notes , will be amortized as additional interest expense over the term of the new notes using the effective interest method .we may , at our option , redeem some or all of the new notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest .interest on the new notes is payable on june 15 and december 15 of each year , beginning on june 15 , 2013 .the new notes are unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness .on september 9 , 2011 , we issued $ 2.0 billion of long-term notes in a registered public offering consisting of $ 500 million maturing in 2016 with a fixed interest rate of 2.13% ( 2.13 % ) , $ 900 million maturing in 2021 with a fixed interest rate of 3.35% ( 3.35 % ) , and $ 600 million maturing in 2041 with a fixed interest rate of 4.85% ( 4.85 % ) .we may , at our option , redeem some or all of the notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest .interest on the notes is payable on march 15 and september 15 of each year , beginning on march 15 , 2012 .in october 2011 , we used a portion of the proceeds to redeem all of our $ 500 million long-term notes maturing in 2013 .in 2011 , we repurchased $ 84 million of our long-term notes through open-market purchases .we paid premiums of $ 48 million in connection with the early extinguishments of debt , which were recognized in other non-operating income ( expense ) , net .in august 2011 , we entered into a $ 1.5 billion revolving credit facility with a group of banks and terminated our existing $ 1.5 billion revolving credit facility that was to expire in june 2012 .the credit facility expires august 2016 , and we may request and the banks may grant , at their discretion , an increase to the credit facility by an additional amount up to $ 500 million .there were no borrowings outstanding under either facility through december 31 , 2012 .borrowings under the credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the credit facility .each bank 2019s obligation to make loans under the credit facility is subject to , among other things , our compliance with various representations , warranties and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the credit facility .the leverage ratio covenant excludes the adjustments recognized in stockholders 2019 equity related to postretirement benefit plans .as of december 31 , 2012 , we were in compliance with all covenants contained in the credit facility , as well as in our debt agreements .we have agreements in place with banking institutions to provide for the issuance of commercial paper .there were no commercial paper borrowings outstanding during 2012 or 2011 .if we were to issue commercial paper , the borrowings would be supported by the credit facility .during the next five years , we have scheduled long-term debt maturities of $ 150 million due in 2013 and $ 952 million due in 2016 .interest payments were $ 378 million in 2012 , $ 326 million in 2011 , and $ 337 million in 2010. .
|
in 2012 what was the percentage of the premium apid to the exchange for outstanding notes exchanged
|
32.75%
|
{
"answer": "32.75%",
"decimal": 0.3275,
"type": "percentage"
}
| |
japanese yen ( approximately $ 63 million and $ 188 million , respectively , based on applicable exchange rates at that time ) .the cash paid of approximately $ 63 million during the quarter ended march 31 , 2010 as a result of the purchase of sumitomo 3m shares from sei is classified as 201cother financing activities 201d in the consolidated statement of cash flows .the remainder of the purchase financed by the note payable to sei is considered non-cash financing activity in the first quarter of 2010 .as discussed in note 2 , during the second quarter of 2010 , 3m recorded a financed liability of 1.7 billion japanese yen ( approximately $ 18 million based on applicable exchange rates at that time ) related to the a-one acquisition , which is also considered a non-cash financing activity .off-balance sheet arrangements and contractual obligations : as of december 31 , 2012 , the company has not utilized special purpose entities to facilitate off-balance sheet financing arrangements .refer to the section entitled 201cwarranties/guarantees 201d in note 13 for discussion of accrued product warranty liabilities and guarantees .in addition to guarantees , 3m , in the normal course of business , periodically enters into agreements that require the company to indemnify either major customers or suppliers for specific risks , such as claims for injury or property damage arising out of the use of 3m products or the negligence of 3m personnel , or claims alleging that 3m products infringe third- party patents or other intellectual property .while 3m 2019s maximum exposure under these indemnification provisions cannot be estimated , these indemnifications are not expected to have a material impact on the company 2019s consolidated results of operations or financial condition .a summary of the company 2019s significant contractual obligations as of december 31 , 2012 , follows : contractual obligations .
[['( millions )', 'total', 'payments due by year 2013', 'payments due by year 2014', 'payments due by year 2015', 'payments due by year 2016', 'payments due by year 2017', 'payments due by year after 2017'], ['long-term debt including current portion ( note 9 )', '$ 5902', '$ 986', '$ 1481', '$ 107', '$ 994', '$ 648', '$ 1686'], ['interest on long-term debt', '1721', '189', '152', '97', '96', '79', '1108'], ['operating leases ( note 13 )', '735', '194', '158', '119', '77', '68', '119'], ['capital leases ( note 13 )', '96', '22', '21', '8', '7', '4', '34'], ['unconditional purchase obligations and other', '1489', '1060', '209', '111', '48', '33', '28'], ['total contractual cash obligations', '$ 9943', '$ 2451', '$ 2021', '$ 442', '$ 1222', '$ 832', '$ 2975']]
long-term debt payments due in 2013 and 2014 include floating rate notes totaling $ 132 million ( classified as current portion of long-term debt ) and $ 97 million , respectively , as a result of put provisions associated with these debt instruments .unconditional purchase obligations are defined as an agreement to purchase goods or services that is enforceable and legally binding on the company .included in the unconditional purchase obligations category above are certain obligations related to take or pay contracts , capital commitments , service agreements and utilities .these estimates include both unconditional purchase obligations with terms in excess of one year and normal ongoing purchase obligations with terms of less than one year .many of these commitments relate to take or pay contracts , in which 3m guarantees payment to ensure availability of products or services that are sold to customers .the company expects to receive consideration ( products or services ) for these unconditional purchase obligations .contractual capital commitments are included in the preceding table , but these commitments represent a small part of the company 2019s expected capital spending in 2013 and beyond .the purchase obligation amounts do not represent the entire anticipated purchases in the future , but represent only those items for which the company is contractually obligated .the majority of 3m 2019s products and services are purchased as needed , with no unconditional commitment .for this reason , these amounts will not provide a reliable indicator of the company 2019s expected future cash outflows on a stand-alone basis .other obligations , included in the preceding table within the caption entitled 201cunconditional purchase obligations and other , 201d include the current portion of the liability for uncertain tax positions under asc 740 , which is expected to be paid out in cash in the next 12 months .the company is not able to reasonably estimate the timing of the long-term payments or the amount by which the liability will increase or decrease over time ; therefore , the long-term portion of the net tax liability of $ 170 million is excluded from the preceding table .refer to note 7 for further details. .
|
what was the ratio of the floating rate notes included in the long-term debt payments for 2013 to 2014
|
1.36
|
{
"answer": "1.36",
"decimal": 1.36,
"type": "float"
}
|
in 2013 there was $ 1.36 of floating rate notes included in the long-term debt payments compared to 2014
|
stock-based compensation 2013 we have several stock-based compensation plans under which employees and non-employee directors receive stock options , nonvested retention shares , and nonvested stock units .we refer to the nonvested shares and stock units collectively as 201cretention awards 201d .we issue treasury shares to cover option exercises and stock unit vestings , while new shares are issued when retention shares vest .we adopted fasb statement no .123 ( r ) , share-based payment ( fas 123 ( r ) ) , on january 1 , 2006 .fas 123 ( r ) requires us to measure and recognize compensation expense for all stock-based awards made to employees and directors , including stock options .compensation expense is based on the calculated fair value of the awards as measured at the grant date and is expensed ratably over the service period of the awards ( generally the vesting period ) .the fair value of retention awards is the stock price on the date of grant , while the fair value of stock options is determined by using the black-scholes option pricing model .we elected to use the modified prospective transition method as permitted by fas 123 ( r ) and did not restate financial results for prior periods .we did not make an adjustment for the cumulative effect of these estimated forfeitures , as the impact was not material .as a result of the adoption of fas 123 ( r ) , we recognized expense for stock options in 2006 , in addition to retention awards , which were expensed prior to 2006 .stock-based compensation expense for the year ended december 31 , 2006 was $ 22 million , after tax , or $ 0.08 per basic and diluted share .this includes $ 9 million for stock options and $ 13 million for retention awards for 2006 .before taxes , stock-based compensation expense included $ 14 million for stock options and $ 21 million for retention awards for 2006 .we recorded $ 29 million of excess tax benefits as an inflow of financing activities in the consolidated statement of cash flows for the year ended december 31 , 2006 .prior to the adoption of fas 123 ( r ) , we applied the recognition and measurement principles of accounting principles board opinion no .25 , accounting for stock issued to employees , and related interpretations .no stock- based employee compensation expense related to stock option grants was reflected in net income , as all options granted under those plans had a grant price equal to the market value of our common stock on the date of grant .stock-based compensation expense related to retention shares , stock units , and other incentive plans was reflected in net income .the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the years ended december 31 , 2005 and 2004 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense year ended december 31 , millions of dollars , except per share amounts 2005 2004 .
[['pro forma stock-based compensation expense', 'pro forma stock-based compensation expense', ''], ['millions of dollars except per share amounts', '2005', '2004'], ['net income as reported', '$ 1026', '$ 604'], ['stock-based employee compensation expense reported in net income net of tax', '13', '13'], ['total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a]', '-50 ( 50 )', '-35 ( 35 )'], ['pro forma net income', '$ 989', '$ 582'], ['earnings per share 2013 basic as reported', '$ 3.89', '$ 2.33'], ['earnings per share 2013 basic pro forma', '$ 3.75', '$ 2.25'], ['earnings per share 2013 diluted as reported', '$ 3.85', '$ 2.30'], ['earnings per share 2013 diluted pro forma', '$ 3.71', '$ 2.22']]
[a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the .
|
what was the percent of the total stock based compensation in 2006 for employee retention
|
59.1%
|
{
"answer": "59.1%",
"decimal": 0.591,
"type": "percentage"
}
| |
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 was the total revenues earned in 2016 from managementleasing and construction and development
|
[2] : 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 .
|
{
"answer": "[2] : 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 .",
"decimal": null,
"type": "open_ended_answer"
}
| |
morgan stanley notes to consolidated financial statements 2014 ( continued ) consumer price index ) .senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities .debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 1175 million at december 31 , 2013 and $ 1131 million at december 31 , 2012 .in addition , separate agreements are entered into by the company 2019s subsidiaries that effectively allow the holders to put the notes aggregated $ 353 million at december 31 , 2013 and $ 1895 million at december 31 , 2012 .subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s .dollar denominated .senior debt 2014structured borrowings .the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures .to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor .these instruments are included in the preceding table at their redemption values based on the performance of the underlying indices , baskets of stocks , or specific equity securities , credit or other position or index .the company carries either the entire structured borrowing at fair value or bifurcates the embedded derivative and carries it at fair value .the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value .changes in fair value related to the notes and economic hedges are reported in trading revenues .see note 4 for further information on structured borrowings .subordinated debt and junior subordinated debentures .included in the company 2019s long-term borrowings are subordinated notes of $ 9275 million having a contractual weighted average coupon of 4.69% ( 4.69 % ) at december 31 , 2013 and $ 5845 million having a weighted average coupon of 4.81% ( 4.81 % ) at december 31 , 2012 .junior subordinated debentures outstanding by the company were $ 4849 million at december 31 , 2013 and $ 4827 million at december 31 , 2012 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at both december 31 , 2013 and december 31 , 2012 .maturities of the subordinated and junior subordinated notes range from 2014 to 2067 .maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option .asset and liability management .in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate .fixed assets are generally financed with fixed rate long-term debt .the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk .these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations .in addition , for non-u.s .dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s .dollar obligations .the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate as follows: .
[['', '2013', '2012', '2011'], ['weighted average coupon of long-term borrowings at period-end ( 1 )', '4.4% ( 4.4 % )', '4.4% ( 4.4 % )', '4.0% ( 4.0 % )'], ['effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )', '2.2% ( 2.2 % )', '2.3% ( 2.3 % )', '1.9% ( 1.9 % )']]
( 1 ) included in the weighted average and effective average calculations are non-u.s .dollar interest rates .other .the company , through several of its subsidiaries , maintains funded and unfunded committed credit facilities to support various businesses , including the collateralized commercial and residential mortgage whole loan , derivative contracts , warehouse lending , emerging market loan , structured product , corporate loan , investment banking and prime brokerage businesses. .
|
what was the effect in difference of average borrowing rate due to the use of swaps in 2013?
|
2.2%
|
{
"answer": "2.2%",
"decimal": 0.022000000000000002,
"type": "percentage"
}
| |
mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) upon termination of employment , excluding retirement , all of a participant 2019s unvested awards are forfeited .however , when a participant terminates employment due to retirement , the participant generally retains all of their awards without providing additional service to the company .eligible retirement is dependent upon age and years of service , as follows : age 55 with ten years of service , age 60 with five years of service and age 65 with two years of service .compensation expense is recognized over the shorter of the vesting periods stated in the ltip , or the date the individual becomes eligible to retire .there are 11550 shares of class a common stock reserved for equity awards under the ltip .although the ltip permits the issuance of shares of class b common stock , no such shares have been reserved for issuance .shares issued as a result of option exercises and the conversions of rsus are expected to be funded with the issuance of new shares of class a common stock .stock options the fair value of each option is estimated on the date of grant using a black-scholes option pricing model .the following table presents the weighted-average assumptions used in the valuation and the resulting weighted- average fair value per option granted for the years ended december 31: .
[['', '2009', '2008', '2007'], ['risk-free rate of return', '2.5% ( 2.5 % )', '3.2% ( 3.2 % )', '4.4% ( 4.4 % )'], ['expected term ( in years )', '6.17', '6.25', '6.25'], ['expected volatility', '41.7% ( 41.7 % )', '37.9% ( 37.9 % )', '30.9% ( 30.9 % )'], ['expected dividend yield', '0.4% ( 0.4 % )', '0.3% ( 0.3 % )', '0.6% ( 0.6 % )'], ['weighted-average fair value per option granted', '$ 71.03', '$ 78.54', '$ 41.03']]
the risk-free rate of return was based on the u.s .treasury yield curve in effect on the date of grant .the company utilizes the simplified method for calculating the expected term of the option based on the vesting terms and the contractual life of the option .the expected volatility for options granted during 2009 was based on the average of the implied volatility of mastercard and a blend of the historical volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard .the expected volatility for options granted during 2008 was based on the average of the implied volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard .as the company did not have sufficient publicly traded stock data historically , the expected volatility for options granted during 2007 was primarily based on the average of the historical and implied volatility of a group of companies that management believed was generally comparable to mastercard .the expected dividend yields were based on the company 2019s expected annual dividend rate on the date of grant. .
|
what is the variation observed in the risk-free rate of return during 2008 and 2009?
|
0.7%
|
{
"answer": "0.7%",
"decimal": 0.006999999999999999,
"type": "percentage"
}
|
it is the difference between those values .
|
the primary product offerings sold through our wholesale channels of distribution include menswear , womenswear , childrenswear , accessories , and home furnishings .our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label and black label 2014 are distributed worldwide through a limited number of premier fashion retailers .department stores are our major wholesale customers in north america .in latin america , our wholesale products are sold in department stores and specialty stores .in europe , our wholesale sales are a varying mix of sales to both department stores and specialty stores , depending on the country .we also distribute product to certain licensed stores operated by franchisees in europe and asia .in addition , our club monaco products are distributed through select department stores and specialty stores in europe .in japan , our wholesale products are distributed primarily through shop-within-shops at premier and top-tier department stores , and the mix of business is weighted to women 2019s and men's blue label .in the greater china and southeast asia region , our wholesale products are sold at mid and top-tier department stores in china , thailand , and the philippines , and the mix of business is primarily weighted to men 2019s and women 2019s blue label .we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores .worldwide distribution channels the following table presents the number of doors by geographic location in which ralph lauren-branded products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of march 30 , 2013 : location number of .
[['location', 'number ofdoors'], ['the americas', '6043'], ['europe', '4504'], ['asia', '78'], ['total', '10625']]
in addition , chaps-branded products distributed by our wholesale segment were sold domestically through approximately 1200 doors as of march 30 , we have three key wholesale customers that generate significant sales volume .for fiscal 2013 , these customers in the aggregate accounted for approximately 45% ( 45 % ) of our total wholesale revenues , with macy 2019s , inc .( "macy's" ) representing approximately 25% ( 25 % ) of our total wholesale revenues .our products are sold primarily through our own sales forces .our wholesale segment maintains its primary showrooms in new york city .in addition , we maintain regional showrooms in boston , milan , paris , london , munich , madrid , and stockholm .shop-within-shops .as a critical element of our distribution to department stores , we and our licensing partners utilize shop-within-shops to enhance brand recognition , to permit more complete merchandising of our lines by the department stores , and to differentiate the presentation of our products .shop- within-shop fixed assets primarily include items such as customized freestanding fixtures , wall cases and components , decorative items , and flooring .as of march 30 , 2013 , we had approximately 20000 shop-within-shops dedicated to our ralph lauren-branded wholesale products worldwide .the size of our shop-within-shops ranges from approximately 100 to 7400 square feet .we normally share in the cost of building-out these shop-within-shops with our wholesale customers .basic stock replenishment program .basic products such as knit shirts , chino pants , oxford cloth shirts , selected accessories , and home products can be ordered by our wholesale customers at any time through our basic stock replenishment programs .we generally ship these products within two-to-five days of order receipt .our retail segment as of march 30 , 2013 , our retail segment consisted of 388 directly-operated freestanding stores worldwide , totaling approximately 3 million square feet , 494 concession-based shop-within-shops , and seven e-commerce websites .the extension of our direct-to-consumer reach is one of our primary long-term strategic goals. .
|
what percentage of doors in the wholesale segment as of march 30 , 2013 where in the asia geography?
|
1%
|
{
"answer": "1%",
"decimal": 0.01,
"type": "percentage"
}
| |
jpmorgan chase & co./2012 annual report 119 implementing further revisions to the capital accord in the u.s .( such further revisions are commonly referred to as 201cbasel iii 201d ) .basel iii revised basel ii by , among other things , narrowing the definition of capital , and increasing capital requirements for specific exposures .basel iii also includes higher capital ratio requirements and provides that the tier 1 common capital requirement will be increased to 7% ( 7 % ) , comprised of a minimum ratio of 4.5% ( 4.5 % ) plus a 2.5% ( 2.5 % ) capital conservation buffer .implementation of the 7% ( 7 % ) tier 1 common capital requirement is required by january 1 , in addition , global systemically important banks ( 201cgsibs 201d ) will be required to maintain tier 1 common requirements above the 7% ( 7 % ) minimum in amounts ranging from an additional 1% ( 1 % ) to an additional 2.5% ( 2.5 % ) .in november 2012 , the financial stability board ( 201cfsb 201d ) indicated that it would require the firm , as well as three other banks , to hold the additional 2.5% ( 2.5 % ) of tier 1 common ; the requirement will be phased in beginning in 2016 .the basel committee also stated it intended to require certain gsibs to hold an additional 1% ( 1 % ) of tier 1 common under certain circumstances , to act as a disincentive for the gsib from taking actions that would further increase its systemic importance .currently , no gsib ( including the firm ) is required to hold this additional 1% ( 1 % ) of tier 1 common .in addition , pursuant to the requirements of the dodd-frank act , u.s .federal banking agencies have proposed certain permanent basel i floors under basel ii and basel iii capital calculations .the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under basel iii rules , along with the firm 2019s estimated risk-weighted assets .tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of aoci related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans .the firm estimates that its tier 1 common ratio under basel iii rules would be 8.7% ( 8.7 % ) as of december 31 , 2012 .the tier 1 common ratio under both basel i and basel iii are non- gaap financial measures .however , such measures are used by bank regulators , investors and analysts as a key measure to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies .december 31 , 2012 ( in millions , except ratios ) .
[['tier 1 common under basel i rules', '$ 140342'], ['adjustments related to aoci for afs securities and defined benefit pension and opeb plans', '4077'], ['all other adjustments', '-453 ( 453 )'], ['estimated tier 1 common under basel iii rules', '$ 143966'], ['estimated risk-weighted assets under basel iii rules ( a )', '$ 1647903'], ['estimated tier 1 common ratio under basel iii rules ( b )', '8.7% ( 8.7 % )']]
estimated risk-weighted assets under basel iii rules ( a ) $ 1647903 estimated tier 1 common ratio under basel iii rules ( b ) 8.7% ( 8.7 % ) ( a ) key differences in the calculation of risk-weighted assets between basel i and basel iii include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk weightings which vary only by counterparty type and asset class ; ( 2 ) basel iii market risk rwa reflects the new capital requirements related to trading assets and securitizations , which include incremental capital requirements for stress var , correlation trading , and re-securitization positions ; and ( 3 ) basel iii includes rwa for operational risk , whereas basel i does not .the actual impact on the firm 2019s capital ratios upon implementation could differ depending on final implementation guidance from the regulators , as well as regulatory approval of certain of the firm 2019s internal risk models .( b ) the tier 1 common ratio is tier 1 common divided by rwa .the firm 2019s estimate of its tier 1 common ratio under basel iii reflects its current understanding of the basel iii rules based on information currently published by the basel committee and u.s .federal banking agencies and on the application of such rules to its businesses as currently conducted ; it excludes the impact of any changes the firm may make in the future to its businesses as a result of implementing the basel iii rules , possible enhancements to certain market risk models , and any further implementation guidance from the regulators .the basel iii capital requirements are subject to prolonged transition periods .the transition period for banks to meet the tier 1 common requirement under basel iii was originally scheduled to begin in 2013 , with full implementation on january 1 , 2019 .in november 2012 , the u.s .federal banking agencies announced a delay in the implementation dates for the basel iii capital requirements .the additional capital requirements for gsibs will be phased in starting january 1 , 2016 , with full implementation on january 1 , 2019 .management 2019s current objective is for the firm to reach , by the end of 2013 , an estimated basel iii tier i common ratio of 9.5% ( 9.5 % ) .additional information regarding the firm 2019s capital ratios and the federal regulatory capital standards to which it is subject is presented in supervision and regulation on pages 1 20138 of the 2012 form 10-k , and note 28 on pages 306 2013 308 of this annual report .broker-dealer regulatory capital jpmorgan chase 2019s principal u.s .broker-dealer subsidiaries are j.p .morgan securities llc ( 201cjpmorgan securities 201d ) and j.p .morgan clearing corp .( 201cjpmorgan clearing 201d ) .jpmorgan clearing is a subsidiary of jpmorgan securities and provides clearing and settlement services .jpmorgan securities and jpmorgan clearing are each subject to rule 15c3-1 under the securities exchange act of 1934 ( the 201cnet capital rule 201d ) .jpmorgan securities and jpmorgan clearing are also each registered as futures commission merchants and subject to rule 1.17 of the commodity futures trading commission ( 201ccftc 201d ) .jpmorgan securities and jpmorgan clearing have elected to compute their minimum net capital requirements in accordance with the 201calternative net capital requirements 201d of the net capital rule .at december 31 , 2012 , jpmorgan securities 2019 net capital , as defined by the net capital rule , was $ 13.5 billion , exceeding the minimum requirement by .
|
does the current estimated basel iii tier 1 ratio exceed the requirement under basel iii rules as a gsib , once the requirements a re fully phased in?
|
no
|
{
"answer": "no",
"decimal": null,
"type": "bool"
}
| |
jpmorgan chase & co./2015 annual report 73 in advisory fees was driven by the combined impact of a greater share of fees for completed transactions , and growth in industry-wide fees .the increase in equity underwriting fees was driven by higher industry-wide issuance .the decrease in debt underwriting fees was primarily related to lower bond underwriting fees compared with the prior year , and lower loan syndication fees on lower industry-wide fees .principal transactions revenue increased as the prior year included a $ 1.5 billion loss related to the implementation of the funding valuation adjustment ( 201cfva 201d ) framework for over-the-counter ( 201cotc 201d ) derivatives and structured notes .private equity gains increased as a result of higher net gains on sales .these increases were partially offset by lower fixed income markets revenue in cib , primarily driven by credit-related and rates products , as well as the impact of business simplification initiatives .lending- and deposit-related fees decreased compared with the prior year , reflecting the impact of business simplification initiatives and lower trade finance revenue in cib .asset management , administration and commissions revenue increased compared with the prior year , reflecting higher asset management fees driven by net client inflows and higher market levels in am and ccb .the increase was offset partially by lower commissions and other fee revenue in ccb as a result of the exit of a non-core product in 2013 .securities gains decreased compared with the prior year , reflecting lower repositioning activity related to the firm 2019s investment securities portfolio .mortgage fees and related income decreased compared with the prior year , predominantly due to lower net production revenue driven by lower volumes due to higher mortgage interest rates , and tighter margins .the decline in net production revenue was partially offset by a lower loss on the risk management of mortgage servicing rights ( 201cmsrs 201d ) .card income was relatively flat compared with the prior year , but included higher net interchange income due to growth in credit and debit card sales volume , offset by higher amortization of new account origination costs .other income decreased from the prior year , predominantly from the absence of two significant items recorded in corporate in 2013 : gains of $ 1.3 billion and $ 493 million from sales of visa shares and one chase manhattan plaza , respectively .lower valuations of seed capital investments in am and losses related to the exit of non-core portfolios in card also contributed to the decrease .these items were partially offset by higher auto lease income as a result of growth in auto lease volume , and a benefit from a tax settlement .net interest income increased slightly from the prior year , predominantly reflecting higher yields on investment securities , the impact of lower interest expense from lower rates , and higher average loan balances .the increase was partially offset by lower yields on loans due to the run-off of higher-yielding loans and new originations of lower-yielding loans , and lower average interest-earning trading asset balances .the firm 2019s average interest-earning assets were $ 2.0 trillion , and the net interest yield on these assets , on a fte basis , was 2.18% ( 2.18 % ) , a decrease of 5 basis points from the prior year .provision for credit losses year ended december 31 .
[['( in millions )', '2015', '2014', '2013'], ['consumer excluding credit card', '$ -81 ( 81 )', '$ 419', '$ -1871 ( 1871 )'], ['credit card', '3122', '3079', '2179'], ['total consumer', '3041', '3498', '308'], ['wholesale', '786', '-359 ( 359 )', '-83 ( 83 )'], ['total provision for credit losses', '$ 3827', '$ 3139', '$ 225']]
2015 compared with 2014 the provision for credit losses increased from the prior year as a result of an increase in the wholesale provision , largely reflecting the impact of downgrades in the oil & gas portfolio .the increase was partially offset by a decrease in the consumer provision , reflecting lower net charge-offs due to continued discipline in credit underwriting , as well as improvement in the economy driven by increasing home prices and lower unemployment levels .the increase was partially offset by a lower reduction in the allowance for loan losses .for a more detailed discussion of the credit portfolio and the allowance for credit losses , see the segment discussions of ccb on pages 85 201393 , cb on pages 99 2013101 , and the allowance for credit losses on pages 130 2013132 .2014 compared with 2013 the provision for credit losses increased by $ 2.9 billion from the prior year as result of a lower benefit from reductions in the consumer allowance for loan losses , partially offset by lower net charge-offs .the consumer allowance reduction in 2014 was primarily related to the consumer , excluding credit card , portfolio and reflected the continued improvement in home prices and delinquencies in the residential real estate portfolio .the wholesale provision reflected a continued favorable credit environment. .
|
based on the information of the firm 2019s average interest-earning assets were $ 2.0 trillion , and the net interest yield on these assets , on a fte basis , of 2.18% ( 2.18 % ) what was the approximate interest income in billions
|
43.6
|
{
"answer": "43.6",
"decimal": 43.6,
"type": "float"
}
| |
notes to consolidated financial statements ( continued ) note 8 2014commitments and contingencies ( continued ) provide renewal options for terms of 3 to 7 additional years .leases for retail space are for terms of 5 to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 29 , 2007 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 1.4 billion , of which $ 1.1 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 151 million , $ 138 million , and $ 140 million in 2007 , 2006 , and 2005 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2007 , are as follows ( in millions ) : fiscal years .
[['2008', '$ 155'], ['2009', '172'], ['2010', '173'], ['2011', '160'], ['2012', '148'], ['thereafter', '617'], ['total minimum lease payments', '$ 1425']]
accrued warranty and indemnifications the company offers a basic limited parts and labor warranty on its hardware products .the basic warranty period for hardware products is typically one year from the date of purchase by the end-user .the company also offers a 90-day basic warranty for its service parts used to repair the company 2019s hardware products .the company provides currently for the estimated cost that may be incurred under its basic limited product warranties at the time related revenue is recognized .factors considered in determining appropriate accruals for product warranty obligations include the size of the installed base of products subject to warranty protection , historical and projected warranty claim rates , historical and projected cost-per-claim , and knowledge of specific product failures that are outside of the company 2019s typical experience .the company assesses the adequacy of its preexisting warranty liabilities and adjusts the amounts as necessary based on actual experience and changes in future estimates .for products accounted for under subscription accounting pursuant to sop no .97-2 , the company recognizes warranty expense as incurred .the company periodically provides updates to its applications and system software to maintain the software 2019s compliance with specifications .the estimated cost to develop such updates is accounted for as warranty costs that are recognized at the time related software revenue is recognized .factors considered in determining appropriate accruals related to such updates include the number of units delivered , the number of updates expected to occur , and the historical cost and estimated future cost of the resources necessary to develop these updates. .
|
what percentage of future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year are due after 2012?
|
43%
|
{
"answer": "43%",
"decimal": 0.43,
"type": "percentage"
}
| |
skyworks solutions , inc .notes to consolidated financial statements 2014 ( continued ) maintained a valuation allowance of $ 47.0 million .this valuation allowance is comprised of $ 33.6 million related to u.s .state tax credits , of which $ 3.6 million are state tax credits acquired from aati in fiscal year 2012 , and $ 13.4 million related to foreign deferred tax assets .if these benefits are recognized in a future period the valuation allowance on deferred tax assets will be reversed and up to a $ 46.6 million income tax benefit , and up to a $ 0.4 million reduction to goodwill may be recognized .the company will need to generate $ 209.0 million of future united states federal taxable income to utilize our united states deferred tax assets as of september 28 , 2012 .deferred tax assets are recognized for foreign operations when management believes it is more likely than not that the deferred tax assets will be recovered during the carry forward period .the company will continue to assess its valuation allowance in future periods .as of september 28 , 2012 , the company has united states federal net operating loss carry forwards of approximately $ 74.3 million , including $ 29.5 million related to the acquisition of sige , which will expire at various dates through 2030 and $ 28.1 million related to the acquisition of aati , which will expire at various dates through 2031 .the utilization of these net operating losses is subject to certain annual limitations as required under internal revenue code section 382 and similar state income tax provisions .the company also has united states federal income tax credit carry forwards of $ 37.8 million , of which $ 30.4 million of federal income tax credit carry forwards have not been recorded as a deferred tax asset .the company also has state income tax credit carry forwards of $ 33.6 million , for which the company has provided a valuation allowance .the united states federal tax credits expire at various dates through 2032 .the state tax credits relate primarily to california research tax credits which can be carried forward indefinitely .the company has continued to expand its operations and increase its investments in numerous international jurisdictions .these activities will increase the company 2019s earnings attributable to foreign jurisdictions .as of september 28 , 2012 , no provision has been made for united states federal , state , or additional foreign income taxes related to approximately $ 371.5 million of undistributed earnings of foreign subsidiaries which have been or are intended to be permanently reinvested .it is not practicable to determine the united states federal income tax liability , if any , which would be payable if such earnings were not permanently reinvested .the company 2019s gross unrecognized tax benefits totaled $ 52.4 million and $ 32.1 million as of september 28 , 2012 and september 30 , 2011 , respectively .of the total unrecognized tax benefits at september 28 , 2012 , $ 38.8 million would impact the effective tax rate , if recognized .the remaining unrecognized tax benefits would not impact the effective tax rate , if recognized , due to the company 2019s valuation allowance and certain positions which were required to be capitalized .there are no positions which the company anticipates could change within the next twelve months .a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : unrecognized tax benefits .
[['', 'unrecognized tax benefits'], ['balance at september 30 2011', '$ 32136'], ['increases based on positions related to prior years', '9004'], ['increases based on positions related to current year', '11265'], ['decreases relating to settlements with taxing authorities', '2014'], ['decreases relating to lapses of applicable statutes of limitations', '-25 ( 25 )'], ['balance at september 28 2012', '$ 52380']]
page 114 annual report .
|
what amount of unrecognized tax benefits would not impact the effective tax rate , ( in millions ) ?
|
13.6
|
{
"answer": "13.6",
"decimal": 13.6,
"type": "float"
}
| |
entergy new orleans , inc .and subsidiaries management 2019s financial discussion and analysis entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
[['2016', '2015', '2014', '2013'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 14215', '$ 15794', '$ 442', '$ 4737']]
see note 4 to the financial statements for a description of the money pool .entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 .the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility .as of december 31 , 2016 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility .in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso .as of december 31 , 2016 , a $ 6.2 million letter of credit was outstanding under entergy new orleans 2019s letter of credit facility .see note 4 to the financial statements for additional discussion of the credit facilities .entergy new orleans obtained authorization from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 100 million at any time outstanding .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 june 2018 .state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity .entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings .a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers .retail rates see 201calgiers asset transfer 201d below for discussion of the transfer from entergy louisiana to entergy new orleans of certain assets that serve algiers customers .in march 2013 , entergy louisiana filed a rate case for the algiers area , which is in new orleans and is regulated by the city council .entergy louisiana requested a rate increase of $ 13 million over three years , including a 10.4% ( 10.4 % ) return on common equity and a formula rate plan mechanism identical to its lpsc request .in january 2014 the city council advisors filed direct testimony recommending a rate increase of $ 5.56 million over three years , including an 8.13% ( 8.13 % ) return on common equity .in june 2014 the city council unanimously approved a settlement that includes the following : 2022 a $ 9.3 million base rate revenue increase to be phased in on a levelized basis over four years ; 2022 recovery of an additional $ 853 thousand annually through a miso recovery rider ; and 2022 the adoption of a four-year formula rate plan requiring the filing of annual evaluation reports in may of each year , commencing may 2015 , with resulting rates being implemented in october of each year .the formula rate plan includes a midpoint target authorized return on common equity of 9.95% ( 9.95 % ) with a +/- 40 basis point bandwidth .the rate increase was effective with bills rendered on and after the first billing cycle of july 2014 .additional compliance filings were made with the city council in october 2014 for approval of the form of certain rate riders , including among others , a ninemile 6 non-fuel cost recovery interim rider , allowing for contemporaneous recovery of capacity .
|
what is the percentage change in entergy new orleans 2019s receivables from the money pool from 2015 to 2016?
|
-10.0%
|
{
"answer": "-10.0%",
"decimal": -0.1,
"type": "percentage"
}
| |
commodity prices risk : certain commodities the company uses in the production of its products are exposed to market price risks .3m manages commodity price risks through negotiated supply contracts , price protection agreements and forward physical contracts .the company uses commodity price swaps relative to natural gas as cash flow hedges of forecasted transactions to manage price volatility .generally , the length of time over which 3m hedges its exposure to the variability in future cash flows for its forecasted natural gas transactions is 12 months .3m also enters into commodity price swaps that are not designated in hedge relationships to offset , in part , the impacts of fluctuations in costs associated with the use of certain precious metals .the dollar equivalent gross notional amount of the company 2019s natural gas commodity price swaps designated as cash flow hedges and precious metal commodity price swaps not designated in hedge relationships were $ 19 million and $ 2 million , respectively , at december 31 , 2013 .value at risk : the value at risk analysis is performed annually .a monte carlo simulation technique was used to test the company 2019s exposure to changes in currency rates , interest rates , and commodity prices and assess the risk of loss or benefit in after- tax earnings of financial instruments ( primarily debt ) , derivatives and underlying exposures outstanding at december 31 , 2013 .the model ( third-party bank dataset ) used a 95 percent confidence level over a 12-month time horizon .the exposure to changes in currency rates model used 18 currencies , interest rates related to four currencies , and commodity prices related to five commodities .this model does not purport to represent what actually will be experienced by the company .this model does not include certain hedge transactions , because the company believes their inclusion would not materially impact the results .foreign exchange rate risk of loss or benefit increased in 2013 , primarily due to increases in exposures , which is one of the key drivers in the valuation model .interest rate volatility remained stable in 2013 because interest rates are currently very low and are projected to remain low , based on forward rates .the following table summarizes the possible adverse and positive impacts to after-tax earnings related to these exposures .adverse impact on after-tax earnings positive impact on after-tax earnings .
[['( millions )', 'adverse impact on after-tax earnings 2013', 'adverse impact on after-tax earnings 2012', 'adverse impact on after-tax earnings 2013', '2012'], ['foreign exchange rates', '$ -111 ( 111 )', '$ -97 ( 97 )', '$ 119', '$ 105'], ['interest rates', '-2 ( 2 )', '-2 ( 2 )', '1', '1'], ['commodity prices', '-2 ( 2 )', '-9 ( 9 )', '3', '7']]
in addition to the possible adverse and positive impacts discussed in the preceding table related to foreign exchange rates , recent historical information is as follows .3m estimates that year-on-year currency effects , including hedging impacts , had the following effects on net income attributable to 3m : 2013 ( $ 74 million decrease ) and 2012 ( $ 103 million decrease ) .this estimate includes the effect of translating profits from local currencies into u.s .dollars ; the impact of currency fluctuations on the transfer of goods between 3m operations in the united states and abroad ; and transaction gains and losses , including derivative instruments designed to reduce foreign currency exchange rate risks and the negative impact of swapping venezuelan bolivars into u.s .dollars .3m estimates that year-on-year derivative and other transaction gains and losses had the following effects on net income attributable to 3m : 2013 ( $ 12 million decrease ) and 2012 ( $ 49 million increase ) .an analysis of the global exposures related to purchased components and materials is performed at each year-end .a one percent price change would result in a pre-tax cost or savings of approximately $ 76 million per year .the global energy exposure is such that a 10 percent price change would result in a pre-tax cost or savings of approximately $ 45 million per .
|
in 2013 what was the combined adverse impact on after-tax earnings for foreign exchange rates in millions
|
8
|
{
"answer": "8",
"decimal": 8,
"type": "float"
}
| |
entergy corporation and subsidiaries management's financial discussion and analysis refer to 201cselected financial data - five-year comparison of entergy corporation and subsidiaries 201d which accompanies entergy corporation 2019s financial statements in this report for further information with respect to operating statistics .in november 2007 the board approved a plan to pursue a separation of entergy 2019s non-utility nuclear business from entergy through a spin-off of the business to entergy shareholders .in april 2010 , entergy announced that it planned to unwind the business infrastructure associated with the proposed spin-off transaction .as a result of the plan to unwind the business infrastructure , entergy recorded expenses in 2010 for the write-off of certain capitalized costs incurred in connection with the planned spin-off transaction .these costs are discussed in more detail below and throughout this section .net revenue utility following is an analysis of the change in net revenue comparing 2010 to 2009 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2009 net revenue', '$ 4694'], ['volume/weather', '231'], ['retail electric price', '137'], ['provision for regulatory proceedings', '26'], ['rough production cost equalization', '19'], ['ano decommissioning trust', '-24 ( 24 )'], ['fuel recovery', '-44 ( 44 )'], ['other', '12'], ['2010 net revenue', '$ 5051']]
the volume/weather variance is primarily due to an increase of 8362 gwh , or 8% ( 8 % ) , in billed electricity usage in all retail sectors , including the effect on the residential sector of colder weather in the first quarter 2010 compared to 2009 and warmer weather in the second and third quarters 2010 compared to 2009 .the industrial sector reflected strong sales growth on continuing signs of economic recovery .the improvement in this sector was primarily driven by inventory restocking and strong exports with the chemicals , refining , and miscellaneous manufacturing sectors leading the improvement .the retail electric price variance is primarily due to : increases in the formula rate plan riders at entergy gulf states louisiana effective november 2009 , january 2010 , and september 2010 , at entergy louisiana effective november 2009 , and at entergy mississippi effective july 2009 ; a base rate increase at entergy arkansas effective july 2010 ; rate actions at entergy texas , including base rate increases effective in may and august 2010 ; a formula rate plan provision of $ 16.6 million recorded in the third quarter 2009 for refunds that were made to customers in accordance with settlements approved by the lpsc ; and the recovery in 2009 by entergy arkansas of 2008 extraordinary storm costs , as approved by the apsc , which ceased in january 2010 .the recovery of storm costs is offset in other operation and maintenance expenses .see note 2 to the financial statements for further discussion of the proceedings referred to above. .
|
what was the percentage change of the net revenue in 2010
|
7.61%
|
{
"answer": "7.61%",
"decimal": 0.0761,
"type": "percentage"
}
| |
2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .we made no further grants under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .we will make no future grants under the 2000 plan , the 2005 plan or the director stock option plan .the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 14.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options ( in thousands ) : 2016 2015 2014 ( in thousands ) .
[['', '2016', '2015 ( in thousands )', '2014'], ['share-based compensation expense', '$ 30809', '$ 21056', '$ 29793'], ['income tax benefit', '$ 9879', '$ 6907', '$ 7126']]
we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 and thereafter either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .the performance units granted to certain executives in fiscal 2014 were based on a one-year performance period .after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares .the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date .the performance units granted to certain executives during fiscal 2015 and fiscal 2016 were based on a three-year performance period .after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock .the compensation committee may set a range of possible performance-based outcomes for performance units .depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares .for awards with only performance conditions , we recognize compensation expense on a straight-line basis over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals .if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned .global payments inc .| 2016 form 10-k annual report 2013 83 .
|
how much percent did the income tax benefit increase from 2014 to 2016?
|
increased 38.6%
|
{
"answer": "increased 38.6%",
"decimal": 0.386,
"type": "percentage"
}
|
the tax benefit increased 38.6% , one can find this by subtracting 2016 by 2014 tax benefits . then taking the answer and dividing it by 2014 tax benefits .
|
issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2007 .period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) maximum number of shares that may yet be purchased under the program ( b ) .
[['period', 'total number ofshares purchased', 'average pricepaid pershare', 'total number of sharespurchased as part ofpubliclyannouncedprogram ( a )', 'maximum number ofshares that may yet bepurchased under theprogram ( b )'], ['october', '127100', '$ 108.58', '127100', '35573131'], ['november', '1504300', '109.07', '1504300', '34068831'], ['december', '1325900', '108.78', '1325900', '32742931']]
( a ) we repurchased a total of 2957300 shares of our common stock during the quarter ended december 31 , 2007 under a share repurchase program that we announced in october 2002 .( b ) our board of directors has approved a share repurchase program for the repurchase of up to 128 million shares of our common stock from time-to-time , including 20 million shares approved for repurchase by our board of directors in september 2007 .under the program , management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases , in compliance with applicable law and regulation .as of december 31 , 2007 , we had repurchased a total of 95.3 million shares under the program .in 2007 , we did not make any unregistered sales of equity securities. .
|
what percentage remains of the total approved shares for repurchased under the approved share repurchase program?
|
26%
|
{
"answer": "26%",
"decimal": 0.26,
"type": "percentage"
}
| |
item 2 : properties information concerning applied 2019s principal properties at october 27 , 2013 is set forth below : location type principal use square footage ownership santa clara , ca ...........office , plant & warehouse headquarters ; marketing ; manufacturing ; distribution ; research , development , engineering ; customer support 1476000 150000 leased austin , tx ...............office , plant & warehouse manufacturing 1719000 145000 leased rehovot , israel ...........office , plant & warehouse manufacturing ; research , development , engineering ; customer support 417000 leased singapore ...............office , plant & warehouse manufacturing and customer support 392000 10000 leased gloucester , ma ...........office , plant & warehouse manufacturing ; research , development , engineering ; customer support 315000 131000 leased tainan , taiwan ...........office , plant & warehouse manufacturing and customer support 320000 owned because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country .products in the silicon systems group are manufactured in austin , texas ; singapore ; gloucester , massachusetts ; and rehovot , israel .remanufactured equipment products in the applied global services segment are produced primarily in austin , texas .products in the display segment are manufactured in tainan , taiwan ; santa clara , california ; and alzenau , germany .products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany ; treviso , italy ; and cheseaux , switzerland .in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 78 locations throughout the world : 18 in europe , 21 in japan , 15 in north america ( principally the united states ) , 8 in china , 7 in korea , 6 in southeast asia , and 3 in taiwan .these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and/or customer support .applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space .applied considers the properties that it owns or leases as adequate to meet its current and future requirements .applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
[['location', 'type', 'principal use', 'squarefootage', 'ownership'], ['santa clara ca', 'office plant & warehouse', 'headquarters ; marketing ; manufacturing ; distribution ; research developmentengineering ; customer support', '1476000150000', 'ownedleased'], ['austin tx', 'office plant & warehouse', 'manufacturing', '1719000145000', 'ownedleased'], ['rehovot israel', 'office plant & warehouse', 'manufacturing ; researchdevelopment engineering;customer support', '4170005000', 'ownedleased'], ['singapore', 'office plant & warehouse', 'manufacturing andcustomer support', '39200010000', 'ownedleased'], ['gloucester ma', 'office plant & warehouse', 'manufacturing ; researchdevelopment engineering;customer support', '315000131000', 'ownedleased'], ['tainan taiwan', 'office plant & warehouse', 'manufacturing andcustomer support', '320000', 'owned']]
item 2 : properties information concerning applied 2019s principal properties at october 27 , 2013 is set forth below : location type principal use square footage ownership santa clara , ca ...........office , plant & warehouse headquarters ; marketing ; manufacturing ; distribution ; research , development , engineering ; customer support 1476000 150000 leased austin , tx ...............office , plant & warehouse manufacturing 1719000 145000 leased rehovot , israel ...........office , plant & warehouse manufacturing ; research , development , engineering ; customer support 417000 leased singapore ...............office , plant & warehouse manufacturing and customer support 392000 10000 leased gloucester , ma ...........office , plant & warehouse manufacturing ; research , development , engineering ; customer support 315000 131000 leased tainan , taiwan ...........office , plant & warehouse manufacturing and customer support 320000 owned because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country .products in the silicon systems group are manufactured in austin , texas ; singapore ; gloucester , massachusetts ; and rehovot , israel .remanufactured equipment products in the applied global services segment are produced primarily in austin , texas .products in the display segment are manufactured in tainan , taiwan ; santa clara , california ; and alzenau , germany .products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany ; treviso , italy ; and cheseaux , switzerland .in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 78 locations throughout the world : 18 in europe , 21 in japan , 15 in north america ( principally the united states ) , 8 in china , 7 in korea , 6 in southeast asia , and 3 in taiwan .these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and/or customer support .applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space .applied considers the properties that it owns or leases as adequate to meet its current and future requirements .applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
|
what percent of warehouse locations are located in japan .
|
26.9%
|
{
"answer": "26.9%",
"decimal": 0.26899999999999996,
"type": "percentage"
}
|
to find the percentage one must divide the warehouse locations in japan by the total warehouse locations .
|
asia-pacific acquisition on july 24 , 2006 , we completed the purchase of a fifty-six percent ownership interest in the merchant acquiring business of the hongkong and shanghai banking corporation limited , or hsbc .this business provides card payment processing services to merchants in the asia-pacific region .the business includes hsbc 2019s payment processing operations in the following ten countries and territories : brunei , china , hong kong , india , macau , malaysia , maldives , singapore , sri lanka and taiwan .under the terms of the agreement , we initially paid hsbc $ 67.2 million in cash to acquire our ownership interest .we paid an additional $ 1.4 million under this agreement during fiscal 2007 , for a total purchase price of $ 68.6 million to acquire our ownership interest .in conjunction with this acquisition , we entered into a transition services agreement with hsbc that may be terminated at any time .under this agreement , we expect hsbc will continue to perform payment processing operations and related support services until we integrate these functions into our own operations , which we expect will be completed in 2010 .the operating results of this acquisition are included in our consolidated statements of income from the date of the acquisition .business description we are a leading payment processing and consumer money transfer company .as a high-volume processor of electronic transactions , we enable merchants , multinational corporations , financial institutions , consumers , government agencies and other profit and non-profit business enterprises to facilitate payments to purchase goods and services or further other economic goals .our role is to serve as an intermediary in the exchange of information and funds that must occur between parties so that a payment transaction or money transfer can be completed .we were incorporated in georgia as global payments inc .in september 2000 , and we spun-off from our former parent company on january 31 , 2001 .including our time as part of our former parent company , we have provided transaction processing services since 1967 .we market our products and services throughout the united states , canada , europe and the asia-pacific region .we operate in two business segments , merchant services and money transfer , and we offer various products through these segments .our merchant services segment targets customers in many vertical industries including financial institutions , gaming , government , health care , professional services , restaurants , retail , universities and utilities .our money transfer segment primarily targets immigrants in the united states and europe .see note 10 in the notes to consolidated financial statements for additional segment information and 201citem 1a 2014risk factors 201d for a discussion of risks involved with our international operations .total revenues from our merchant services and money transfer segments , by geography and sales channel , are as follows ( amounts in thousands ) : .
[['', '2007', '2006', '2005'], ['domestic direct', '$ 558026', '$ 481273', '$ 410047'], ['canada', '224570', '208126', '175190'], ['asia-pacific', '48449', '2014', '2014'], ['central and eastern europe', '51224', '47114', '40598'], ['domestic indirect and other', '46873', '51987', '62033'], ['merchant services', '929142', '788500', '687868'], ['domestic', '115416', '109067', '91448'], ['europe', '16965', '10489', '5015'], ['money transfer', '132381', '119556', '96463'], ['total revenues', '$ 1061523', '$ 908056', '$ 784331']]
.
|
what percent of total revenues was represented by merchant services in 2007?
|
88%
|
{
"answer": "88%",
"decimal": 0.88,
"type": "percentage"
}
| |
from those currently anticipated and expressed in such forward-looking statements as a result of a number of factors , including those we discuss under 201crisk factors 201d and elsewhere in this form 10-k .you should read 201crisk factors 201d and 201cforward-looking statements . 201d executive overview general american water works company , inc .( herein referred to as 201camerican water 201d or the 201ccompany 201d ) is the largest investor-owned united states water and wastewater utility company , as measured both by operating revenues and population served .our approximately 6400 employees provide drinking water , wastewater and other water related services to an estimated 15 million people in 47 states and in one canadian province .our primary business involves the ownership of water and wastewater utilities that provide water and wastewater services to residential , commercial , industrial and other customers .our regulated businesses that provide these services are generally subject to economic regulation by state regulatory agencies in the states in which they operate .the federal government and the states also regulate environmental , health and safety and water quality matters .our regulated businesses provide services in 16 states and serve approximately 3.2 million customers based on the number of active service connections to our water and wastewater networks .we report the results of these businesses in our regulated businesses segment .we also provide services that are not subject to economic regulation by state regulatory agencies .we report the results of these businesses in our market-based operations segment .in 2014 , we continued the execution of our strategic goals .our commitment to growth through investment in our regulated infrastructure and expansion of our regulated customer base and our market-based operations , combined with operational excellence led to continued improvement in regulated operating efficiency , improved performance of our market-based operations , and enabled us to provide increased value to our customers and investors .during the year , we focused on growth , addressed regulatory lag , made more efficient use of capital and improved our regulated operation and maintenance ( 201co&m 201d ) efficiency ratio .2014 financial results for the year ended december 31 , 2014 , we continued to increase net income , while making significant capital investment in our infrastructure and implementing operational efficiency improvements to keep customer rates affordable .highlights of our 2014 operating results compared to 2013 and 2012 include: .
[['', '2014', '2013', '2012'], ['income from continuing operations', '$ 2.39', '$ 2.07', '$ 2.10'], ['income ( loss ) from discontinued operations net of tax', '$ -0.04 ( 0.04 )', '$ -0.01 ( 0.01 )', '$ -0.09 ( 0.09 )'], ['diluted earnings per share', '$ 2.35', '$ 2.06', '$ 2.01']]
continuing operations income from continuing operations included 4 cents per diluted share of costs resulting from the freedom industries chemical spill in west virginia in 2014 and included 14 cents per diluted share in 2013 related to a tender offer .earnings from continuing operations , adjusted for these two items , increased 10% ( 10 % ) , or 22 cents per share , mainly due to favorable operating results from our regulated businesses segment due to higher revenues and lower operating expenses , partially offset by higher depreciation expenses .also contributing to the overall increase in income from continuing operations was lower interest expense in 2014 compared to the same period in 2013. .
|
what was the growth rate in diluted earnings per share from 2013 to 2014?
|
14.1%
|
{
"answer": "14.1%",
"decimal": 0.141,
"type": "percentage"
}
|
the earnings growth rate is the change in earnings from year to year divided by the starting year ( ( 2.39-2.09 ) /2.09 ) *100?
|
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: .
[['', 'affirmative', 'against', 'abstentions'], ['( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc .', '141728743', '297976', '156165'], ['( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal', '134081897', '8068370', '32617']]
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
|
what the total number of votes to issue shares of republic common stock and other securities convertible
|
142182884
|
{
"answer": "142182884",
"decimal": 142182884,
"type": "float"
}
|
the total number of votes is the sum of the votes 142182884
|
notes to consolidated financial statements minority partner approves the annual budget , receives a detailed monthly reporting package from us , meets with us on a quarterly basis to review the results of the joint venture , reviews and approves the joint venture 2019s tax return before filing , and approves all leases that cover more than a nominal amount of space relative to the total rentable space at each property we do not consolidate the joint venture as we consider these to be substantive participation rights .our joint venture agreements also contain certain pro- tective rights such as the requirement of partner approval to sell , finance or refinance the property and the payment of capital expenditures and operating expenditures outside of the approved budget or operating plan .the table below provides general information on each joint venture as of december 31 , 2009 ( in thousands ) : property partner ownership interest economic interest square feet acquired acquisition price ( 1 ) 1221 avenue of the americas ( 2 ) rgii 45.00% ( 45.00 % ) 45.00% ( 45.00 % ) 2550 12/03 $ 1000000 1515 broadway ( 3 ) sitq 55.00% ( 55.00 % ) 68.45% ( 68.45 % ) 1750 05/02 $ 483500 .
[['property', 'partner', 'ownership interest', 'economic interest', 'square feet', 'acquired', 'acquisition price ( 1 )'], ['1221 avenue of the americas ( 2 )', 'rgii', '45.00% ( 45.00 % )', '45.00% ( 45.00 % )', '2550', '12/03', '$ 1000000'], ['1515 broadway ( 3 )', 'sitq', '55.00% ( 55.00 % )', '68.45% ( 68.45 % )', '1750', '05/02', '$ 483500'], ['100 park avenue', 'prudential', '49.90% ( 49.90 % )', '49.90% ( 49.90 % )', '834', '02/00', '$ 95800'], ['379 west broadway', 'sutton', '45.00% ( 45.00 % )', '45.00% ( 45.00 % )', '62', '12/05', '$ 19750'], ['21 west 34thstreet ( 4 )', 'sutton', '50.00% ( 50.00 % )', '50.00% ( 50.00 % )', '30', '07/05', '$ 22400'], ['800 third avenue ( 5 )', 'private investors', '42.95% ( 42.95 % )', '42.95% ( 42.95 % )', '526', '12/06', '$ 285000'], ['521 fifth avenue', 'cif', '50.10% ( 50.10 % )', '50.10% ( 50.10 % )', '460', '12/06', '$ 240000'], ['one court square', 'jp morgan', '30.00% ( 30.00 % )', '30.00% ( 30.00 % )', '1402', '01/07', '$ 533500'], ['1604-1610 broadway ( 6 )', 'onyx/sutton', '45.00% ( 45.00 % )', '63.00% ( 63.00 % )', '30', '11/05', '$ 4400'], ['1745 broadway ( 7 )', 'witkoff/sitq/lehman bros .', '32.26% ( 32.26 % )', '32.26% ( 32.26 % )', '674', '04/07', '$ 520000'], ['1 and 2 jericho plaza', 'onyx/credit suisse', '20.26% ( 20.26 % )', '20.26% ( 20.26 % )', '640', '04/07', '$ 210000'], ['2 herald square ( 8 )', 'gramercy', '55.00% ( 55.00 % )', '55.00% ( 55.00 % )', '354', '04/07', '$ 225000'], ['885 third avenue ( 9 )', 'gramercy', '55.00% ( 55.00 % )', '55.00% ( 55.00 % )', '607', '07/07', '$ 317000'], ['16 court street', 'cif', '35.00% ( 35.00 % )', '35.00% ( 35.00 % )', '318', '07/07', '$ 107500'], ['the meadows ( 10 )', 'onyx', '50.00% ( 50.00 % )', '50.00% ( 50.00 % )', '582', '09/07', '$ 111500'], ['388 and 390 greenwich street ( 11 )', 'sitq', '50.60% ( 50.60 % )', '50.60% ( 50.60 % )', '2600', '12/07', '$ 1575000'], ['27-29 west 34thstreet ( 12 )', 'sutton', '50.00% ( 50.00 % )', '50.00% ( 50.00 % )', '41', '01/06', '$ 30000'], ['1551-1555 broadway ( 13 )', 'sutton', '10.00% ( 10.00 % )', '10.00% ( 10.00 % )', '26', '07/05', '$ 80100'], ['717 fifth avenue ( 14 )', 'sutton/nakash', '32.75% ( 32.75 % )', '32.75% ( 32.75 % )', '120', '09/06', '$ 251900']]
the meadows ( 10 ) onyx 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 582 09/07 $ 111500 388 and 390 greenwich street ( 11 ) sitq 50.60% ( 50.60 % ) 50.60% ( 50.60 % ) 2600 12/07 $ 1575000 27 201329 west 34th street ( 12 ) sutton 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 41 01/06 $ 30000 1551 20131555 broadway ( 13 ) sutton 10.00% ( 10.00 % ) 10.00% ( 10.00 % ) 26 07/05 $ 80100 717 fifth avenue ( 14 ) sutton/nakash 32.75% ( 32.75 % ) 32.75% ( 32.75 % ) 120 09/06 $ 251900 ( 1 ) acquisition price represents the actual or implied purchase price for the joint venture .( 2 ) we acquired our interest from the mcgraw-hill companies , or mhc .mhc is a tenant at the property and accounted for approximately 14.7% ( 14.7 % ) of the property 2019s annualized rent at december 31 , 2009 .we do not manage this joint venture .( 3 ) under a tax protection agreement established to protect the limited partners of the partnership that transferred 1515 broadway to the joint venture , the joint venture has agreed not to adversely affect the limited partners 2019 tax positions before december 2011 .one tenant , whose leases primarily ends in 2015 , represents approximately 77.4% ( 77.4 % ) of this joint venture 2019s annualized rent at december 31 , 2009 .( 4 ) effective november 2006 , we deconsolidated this investment .as a result of the recapitalization of the property , we were no longer the primary beneficiary .both partners had the same amount of equity at risk and neither partner controlled the joint venture .( 5 ) we invested approximately $ 109.5 million in this asset through the origination of a loan secured by up to 47% ( 47 % ) of the interests in the property 2019s ownership , with an option to convert the loan to an equity interest .certain existing members have the right to re-acquire approximately 4% ( 4 % ) of the property 2019s equity .these interests were re-acquired in december 2008 and reduced our interest to 42.95% ( 42.95 % ) ( 6 ) effective april 2007 , we deconsolidated this investment .as a result of the recapitalization of the property , we were no longer the primary beneficiary .both partners had the same amount of equity at risk and neither partner controlled the joint venture .( 7 ) we have the ability to syndicate our interest down to 14.79% ( 14.79 % ) .( 8 ) we , along with gramercy , together as tenants-in-common , acquired a fee interest in 2 herald square .the fee interest is subject to a long-term operating lease .( 9 ) we , along with gramercy , together as tenants-in-common , acquired a fee and leasehold interest in 885 third avenue .the fee and leasehold interests are subject to a long-term operating lease .( 10 ) we , along with onyx acquired the remaining 50% ( 50 % ) interest on a pro-rata basis in september 2009 .( 11 ) the property is subject to a 13-year triple-net lease arrangement with a single tenant .( 12 ) effective may 2008 , we deconsolidated this investment .as a result of the recapitalization of the property , we were no longer the primary beneficiary .both partners had the same amount of equity at risk and neither partner controlled the joint venture .( 13 ) effective august 2008 , we deconsolidated this investment .as a result of the sale of 80% ( 80 % ) of our interest , the joint venture was no longer a vie .( 14 ) effective september 2008 , we deconsolidated this investment .as a result of the recapitalization of the property , we were no longer the primary beneficiary. .
|
what was the total value of the 100 park avenue property based in the acquisition price?
|
191983960
|
{
"answer": "191983960",
"decimal": 191983960,
"type": "float"
}
| |
during 2009 , the company extended the contractual life of 4 million fully vested share options held by 6 employees .as a result of that modification , the company recognized additional compensation expense of $ 1 million for the year ended december 31 , 2009 .restricted stock units ( 201crsus 201d ) performance-based rsus .the company grants performance-based rsus to the company 2019s executive officers and certain employees once per year .the company may also grant performance-based rsus to certain new employees or to employees who assume positions of increasing responsibility at the time those events occur .the number of performance-based rsus that ultimately vest is dependent on one or both of the following as per the terms of the specific award agreement : the achievement of 1 ) internal profitability targets ( performance condition ) and 2 ) market performance targets measured by the comparison of the company 2019s stock performance versus a defined peer group ( market condition ) .the performance-based rsus generally cliff-vest during the company 2019s quarter-end september 30 black-out period three years from the date of grant .the ultimate number of shares of the company 2019s series a common stock issued will range from zero to stretch , with stretch defined individually under each award , net of personal income taxes withheld .the market condition is factored into the estimated fair value per unit and compensation expense for each award will be based on the probability of achieving internal profitability targets , as applicable , and recognized on a straight-line basis over the term of the respective grant , less estimated forfeitures .for performance-based rsus granted without a performance condition , compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .in april 2007 , the company granted performance-based rsus to certain employees that vest annually in equal tranches beginning october 1 , 2008 through october 1 , 2011 and include a market condition .the performance- based rsus awarded include a catch-up provision that provides for an additional year of vesting of previously unvested amounts , subject to certain maximums .compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .a summary of changes in performance-based rsus outstanding is as follows : number of weighted average fair value ( in thousands ) ( in $ ) .
[['', 'number of units ( in thousands )', 'weighted average fair value ( in $ )'], ['nonvested at december 31 2008', '1188', '19.65'], ['granted', '420', '38.16'], ['vested', '-79 ( 79 )', '21.30'], ['forfeited', '-114 ( 114 )', '17.28'], ['nonvested at december 31 2009', '1415', '25.24']]
the fair value of shares vested for performance-based rsus during the years ended december 31 , 2009 and 2008 was $ 2 million and $ 3 million , respectively .there were no vestings that occurred during the year ended december 31 , 2007 .fair value for the company 2019s performance-based rsus was estimated at the grant date using a monte carlo simulation approach .monte carlo simulation was utilized to randomly generate future stock returns for the company and each company in the defined peer group for each grant based on company-specific dividend yields , volatilities and stock return correlations .these returns were used to calculate future performance-based rsu vesting percentages and the simulated values of the vested performance-based rsus were then discounted to present value using a risk-free rate , yielding the expected value of these performance-based rsus .%%transmsg*** transmitting job : d70731 pcn : 119000000 ***%%pcmsg|119 |00016|yes|no|02/10/2010 16:17|0|0|page is valid , no graphics -- color : n| .
|
what is the total fair value of the non vested units as of december 31 , 2009 , ( in millions ) ?
|
35.7
|
{
"answer": "35.7",
"decimal": 35.7,
"type": "float"
}
| |
other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : .
[['2013', '$ 516'], ['2014', '556'], ['2015', '542'], ['2016', '513'], ['2017', '486'], ['thereafter', '1801'], ['total minimum lease payments', '$ 4414']]
other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion .in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations .contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies .however , the outcome of litigation is inherently uncertain .therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected .apple inc .vs samsung electronics co. , ltd , et al .on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division .because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
|
what percentage of total minimum lease payments are due in 2016?
|
11.6
|
{
"answer": "11.6",
"decimal": 11.6,
"type": "float"
}
| |
jpmorgan chase & co./2010 annual report 187 trading assets and liabilities trading assets include debt and equity instruments held for trading purposes that jpmorgan chase owns ( 201clong 201d positions ) , certain loans managed on a fair value basis and for which the firm has elected the fair value option , and physical commodities inventories that are generally accounted for at the lower of cost or fair value .trading liabilities include debt and equity instruments that the firm has sold to other parties but does not own ( 201cshort 201d positions ) .the firm is obligated to purchase instruments at a future date to cover the short positions .included in trading assets and trading liabilities are the reported receivables ( unrealized gains ) and payables ( unre- alized losses ) related to derivatives .trading assets and liabilities are carried at fair value on the consolidated balance sheets .bal- ances reflect the reduction of securities owned ( long positions ) by the amount of securities sold but not yet purchased ( short posi- tions ) when the long and short positions have identical committee on uniform security identification procedures ( 201ccusips 201d ) .trading assets and liabilities 2013average balances average trading assets and liabilities were as follows for the periods indicated. .
[['year ended december 31 ( in millions )', '2010', '2009', '2008'], ['trading assets 2013 debt and equity instruments ( a )', '$ 354441', '$ 318063', '$ 384102'], ['trading assets 2013 derivative receivables', '84676', '110457', '121417'], ['trading liabilities 2013 debt and equity instruments ( a ) ( b )', '78159', '60224', '78841'], ['trading liabilities 2013 derivative payables', '65714', '77901', '93200']]
( a ) balances reflect the reduction of securities owned ( long positions ) by the amount of securities sold , but not yet purchased ( short positions ) when the long and short positions have identical cusips .( b ) primarily represent securities sold , not yet purchased .note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan com- mitments not previously carried at fair value .elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , cer- tain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrange- ments are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid in- struments ) ; and 2022 better reflect those instruments that are managed on a fair value basis .elections include the following : 2022 loans purchased or originated as part of securitization ware- housing activity , subject to bifurcation accounting , or man- aged on a fair value basis .2022 securities financing arrangements with an embedded deriva- tive and/or a maturity of greater than one year .2022 owned beneficial interests in securitized financial assets that contain embedded credit derivatives , which would otherwise be required to be separately accounted for as a derivative in- strument .2022 certain tax credits and other equity investments acquired as part of the washington mutual transaction .2022 structured notes issued as part of ib 2019s client-driven activities .( structured notes are financial instruments that contain em- bedded derivatives. ) 2022 long-term beneficial interests issued by ib 2019s consolidated securitization trusts where the underlying assets are carried at fair value. .
|
in 2010 what was the ratio of the trading assets 2013 derivative receivables to the derivative payables
|
1.3
|
{
"answer": "1.3",
"decimal": 1.3,
"type": "float"
}
| |
supplementary information on oil and gas producing activities ( unaudited ) changes in the standardized measure of discounted future net cash flows .
[['( in millions )', '2009', '2008', '2007'], ['sales and transfers of oil and gas produced net of production andadministrative costs', '$ -4876 ( 4876 )', '$ -6863 ( 6863 )', '$ -4613 ( 4613 )'], ['net changes in prices and production and administrative costs related tofuture production', '4840', '-18683 ( 18683 )', '12344'], ['extensions discoveries and improved recovery less related costs', '1399', '663', '1816'], ['development costs incurred during the period', '2786', '1774', '1569'], ['changes in estimated future development costs', '-3641 ( 3641 )', '-1436 ( 1436 )', '-1706 ( 1706 )'], ['revisions of previous quantity estimates', '5110', '85', '166'], ['net changes in purchases and sales of minerals in place', '-159 ( 159 )', '-13 ( 13 )', '23'], ['accretion of discount', '787', '2724', '1696'], ['net change in income taxes', '-4441 ( 4441 )', '12633', '-6647 ( 6647 )'], ['timing and other', '-149 ( 149 )', '184', '-31 ( 31 )'], ['net change for the year', '1656', '-8932 ( 8932 )', '4617'], ['beginning of the year', '4035', '12967', '8350'], ['end of year', '$ 5691', '$ 4035', '$ 12967'], ['net change for the year from discontinued operations', '$ -', '$ 284', '$ 528']]
.
|
were total revisions of estimates greater than accretion of discounts?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
contractual obligations in 2011 , we issued $ 1200 million of senior notes and entered into the credit facility with third-party lenders in the amount of $ 1225 million .as of december 31 , 2011 , total outstanding long-term debt was $ 1859 million , consisting of these senior notes and the credit facility , in addition to $ 105 million of third party debt that remained outstanding subsequent to the spin-off .in connection with the spin-off , we entered into a transition services agreement with northrop grumman , under which northrop grumman or certain of its subsidiaries provides us with certain services to help ensure an orderly transition following the distribution .under the transition services agreement , northrop grumman provides , for up to 12 months following the spin-off , certain enterprise shared services ( including information technology , resource planning , financial , procurement and human resource services ) , benefits support services and other specified services .the original term of the transition services agreement ends on march 31 , 2012 , although we have the right to and have cancelled certain services as we transition to new third-party providers .the services provided by northrop grumman are charged to us at cost , and a limited number of these services may be extended for a period of approximately six months to allow full information systems transition .see note 20 : related party transactions and former parent company equity in item 8 .in connection with the spin-off , we entered into a tax matters agreement with northrop grumman ( the 201ctax matters agreement 201d ) that governs the respective rights , responsibilities and obligations of northrop grumman and us after the spin-off with respect to tax liabilities and benefits , tax attributes , tax contests and other tax sharing regarding u.s .federal , state , local and foreign income taxes , other taxes and related tax returns .we have several liabilities with northrop grumman to the irs for the consolidated u.s .federal income taxes of the northrop grumman consolidated group relating to the taxable periods in which we were part of that group .however , the tax matters agreement specifies the portion of this tax liability for which we will bear responsibility , and northrop grumman has agreed to indemnify us against any amounts for which we are not responsible .the tax matters agreement also provides special rules for allocating tax liabilities in the event that the spin-off , together with certain related transactions , is not tax-free .see note 20 : related party transactions and former parent company equity in item 8 .we do not expect either the transition services agreement or the tax matters agreement to have a significant impact on our financial condition and results of operations .the following table presents our contractual obligations as of december 31 , 2011 , and the related estimated timing of future cash payments : ( $ in millions ) total 2012 2013 - 2014 2015 - 2016 2017 and beyond .
[['( $ in millions )', 'total', '2012', '2013 - 2014', '2015 - 2016', '2017 and beyond'], ['long-term debt', '$ 1859', '$ 29', '$ 129', '$ 396', '$ 1305'], ['interest payments on long-term debt ( 1 )', '854', '112', '219', '202', '321'], ['operating leases', '124', '21', '32', '23', '48'], ['purchase obligations ( 2 )', '2425', '1409', '763', '209', '44'], ['other long-term liabilities ( 3 )', '587', '66', '96', '67', '358'], ['total contractual obligations', '$ 5849', '$ 1637', '$ 1239', '$ 897', '$ 2076']]
( 1 ) interest payments include interest on $ 554 million of variable interest rate debt calculated based on interest rates at december 31 , 2011 .( 2 ) a 201cpurchase obligation 201d is defined as an agreement to purchase goods or services that is enforceable and legally binding on us and that specifies all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction .these amounts are primarily comprised of open purchase order commitments to vendors and subcontractors pertaining to funded contracts .( 3 ) other long-term liabilities primarily consist of total accrued workers 2019 compensation reserves , deferred compensation , and other miscellaneous liabilities , of which $ 201 million is the current portion of workers 2019 compensation liabilities .it excludes obligations for uncertain tax positions of $ 9 million , as the timing of the payments , if any , cannot be reasonably estimated .the above table excludes retirement related contributions .in 2012 , we expect to make minimum and discretionary contributions to our qualified pension plans of approximately $ 153 million and $ 65 million , respectively , exclusive of any u.s .government recoveries .we will continue to periodically evaluate whether to make additional discretionary contributions .in 2012 , we expect to make $ 35 million in contributions for our other postretirement plans , exclusive of any .
|
what portion of the long-term debt is included in the section of current liabilities on the balance sheet as of december 31 , 2011?
|
1.6%
|
{
"answer": "1.6%",
"decimal": 0.016,
"type": "percentage"
}
| |
derivative instruments see quantitative and qualitative disclosures about market risk for a discussion of derivative instruments and associated market risk .dividends to stockholders dividends of $ 0.92 per common share or $ 637 million were paid during 2007 .on january 27 , 2008 , our board of directors declared a dividend of $ 0.24 cents per share on our common stock , payable march 10 , 2008 , to stockholders of record at the close of business on february 20 , 2008 .liquidity and capital resources our main sources of liquidity and capital resources are internally generated cash flow from operations , committed credit facilities and access to both the debt and equity capital markets .our ability to access the debt capital market is supported by our investment grade credit ratings .our senior unsecured debt is currently rated investment grade by standard and poor 2019s corporation , moody 2019s investor services , inc .and fitch ratings with ratings of bbb+ , baa1 , and bbb+ .these ratings were reaffirmed in july 2007 after the western acquisition was announced .because of the alternatives available to us , including internally generated cash flow and potential asset sales , we believe that our short-term and long-term liquidity is adequate to fund operations , including our capital spending programs , stock repurchase program , repayment of debt maturities and any amounts that ultimately may be paid in connection with contingencies .we have a committed $ 3.0 billion revolving credit facility with third-party financial institutions terminating in may 2012 .at december 31 , 2007 , there were no borrowings against this facility and we had no commercial paper outstanding under our u.s .commercial paper program that is backed by this revolving credit facility .on july 26 , 2007 , we filed a universal shelf registration statement with the securities and exchange commission , under which we , as a well-known seasoned issuer , have the ability to issue and sell an indeterminate amount of various types of debt and equity securities .our cash-adjusted debt-to-capital ratio ( total debt-minus-cash to total debt-plus-equity-minus-cash ) was 22 percent at december 31 , 2007 , compared to six percent at year-end 2006 as shown below .this includes $ 498 million of debt that is serviced by united states steel .( dollars in millions ) 2007 2006 .
[['( dollars in millions )', '2007', '2006'], ['long-term debt due within one year', '$ 1131', '$ 471'], ['long-term debt', '6084', '3061'], ['total debt', '$ 7215', '$ 3532'], ['cash', '$ 1199', '$ 2585'], ['trusteed funds from revenue bonds ( a )', '$ 744', '$ 2013'], ['equity', '$ 19223', '$ 14607'], ['calculation:', '', ''], ['total debt', '$ 7215', '$ 3532'], ['minus cash', '1199', '2585'], ['minus trusteed funds from revenue bonds', '744', '2013'], ['total debt minus cash', '5272', '947'], ['total debt', '7215', '3532'], ['plus equity', '19223', '14607'], ['minus cash', '1199', '2585'], ['minus trusteed funds from revenue bonds', '744', '2013'], ['total debt plus equity minus cash', '$ 24495', '$ 15554'], ['cash-adjusted debt-to-capital ratio', '22% ( 22 % )', '6% ( 6 % )']]
( a ) following the issuance of the $ 1.0 billion of revenue bonds by the parish of st .john the baptist , the proceeds were trusteed and will be disbursed to us upon our request for reimbursement of expenditures related to the garyville refinery expansion .the trusteed funds are reflected as other noncurrent assets in the accompanying consolidated balance sheet as of december 31 , 2007. .
|
in millions , what would 2007 total debt increase to if the company fully draws its available revolver?
|
10215
|
{
"answer": "10215",
"decimal": 10215,
"type": "float"
}
|
revolving credit facility - revolver
|
performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2005 through december 31 , 2010 , when the closing price of our common stock was $ 12.66 .the graph assumes investments of $ 100 on december 31 , 2005 in our common stock and in each of the three indices and the reinvestment of dividends .performance graph 201020092008200720062005 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2005 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. .
[['', '2006', '2007', '2008', '2009', '2010'], ['masco', '$ 101.79', '$ 76.74', '$ 42.81', '$ 54.89', '$ 51.51'], ['s&p 500 index', '$ 115.61', '$ 121.95', '$ 77.38', '$ 97.44', '$ 111.89'], ['s&p industrials index', '$ 113.16', '$ 126.72', '$ 76.79', '$ 92.30', '$ 116.64'], ['s&p consumer durables & apparel index', '$ 106.16', '$ 84.50', '$ 56.13', '$ 76.51', '$ 99.87']]
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .at december 31 , 2010 , we had remaining authorization to repurchase up to 27 million shares .during 2010 , we repurchased and retired three million shares of our common stock , for cash aggregating $ 45 million to offset the dilutive impact of the 2010 grant of three million shares of long-term stock awards .we did not purchase any shares during the three months ended december 31 , 2010. .
|
what was the difference in percentage cumulative total shareholder return on masco common stock versus the s&p 500 index for the five year period ended 2010?
|
-60.38%
|
{
"answer": "-60.38%",
"decimal": -0.6038,
"type": "percentage"
}
| |
management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution .includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities .we generate market-making revenues in these activities in three ways : 2030 in large , highly liquid markets ( such as markets for u.s .treasury bills or certain mortgage pass-through certificates ) , we execute a high volume of transactions for our clients for modest spreads and fees .2030 in less liquid markets ( such as mid-cap corporate bonds , growth market currencies or certain non-agency mortgage-backed securities ) , we execute transactions for our clients for spreads and fees that are generally somewhat larger .2030 we also structure and execute transactions involving customized or tailor-made products that address our clients 2019 risk exposures , investment objectives or other complex needs ( such as a jet fuel hedge for an airline ) .given the focus on the mortgage market , our mortgage activities are further described below .our activities in mortgages include commercial mortgage- related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s .government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives .we buy , hold and sell long and short mortgage positions , primarily for market making for our clients .our inventory therefore changes based on client demands and is generally held for short-term periods .see notes 18 and 27 to the consolidated financial statements for information about exposure to mortgage repurchase requests , mortgage rescissions and mortgage-related litigation .equities .includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter transactions .equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees .the table below presents the operating results of our institutional client services segment. .
[['in millions', 'year ended december 2013', 'year ended december 2012', 'year ended december 2011'], ['fixed income currency and commodities client execution', '$ 8651', '$ 9914', '$ 9018'], ['equities client execution1', '2594', '3171', '3031'], ['commissions and fees', '3103', '3053', '3633'], ['securities services', '1373', '1986', '1598'], ['total equities', '7070', '8210', '8262'], ['total net revenues', '15721', '18124', '17280'], ['operating expenses', '11782', '12480', '12837'], ['pre-tax earnings', '$ 3939', '$ 5644', '$ 4443']]
1 .in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business .net revenues related to the americas reinsurance business were $ 317 million for 2013 , $ 1.08 billion for 2012 and $ 880 million for 2011 .see note 12 to the consolidated financial statements for further information about this sale .2013 versus 2012 .net revenues in institutional client services were $ 15.72 billion for 2013 , 13% ( 13 % ) lower than 2012 .net revenues in fixed income , currency and commodities client execution were $ 8.65 billion for 2013 , 13% ( 13 % ) lower than 2012 , reflecting significantly lower net revenues in interest rate products compared with a solid 2012 , and significantly lower net revenues in mortgages compared with a strong 2012 .the decrease in interest rate products and mortgages primarily reflected the impact of a more challenging environment and lower activity levels compared with 2012 .in addition , net revenues in currencies were slightly lower , while net revenues in credit products and commodities were essentially unchanged compared with 2012 .in december 2013 , we completed the sale of a majority stake in our european insurance business and recognized a gain of $ 211 million .50 goldman sachs 2013 annual report .
|
in millions , for 2013 , 2012 and 2011 , what was maximum fixed income currency and commodities client execution?
|
9914
|
{
"answer": "9914",
"decimal": 9914,
"type": "float"
}
| |
abiomed , inc .and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 .goodwill and in-process research and development ( continued ) the company has no accumulated impairment losses on goodwill .the company performed a step 0 qualitative assessment during the annual impairment review for fiscal 2015 as of october 31 , 2014 and concluded that it is not more likely than not that the fair value of the company 2019s single reporting unit is less than its carrying amount .therefore , the two-step goodwill impairment test for the reporting unit was not necessary in fiscal 2015 .as described in note 3 .201cacquisitions , 201d in july 2014 , the company acquired ecp and ais and recorded $ 18.5 million of ipr&d .the estimated fair value of the ipr&d was determined using a probability-weighted income approach , which discounts expected future cash flows to present value .the projected cash flows from the expandable catheter pump technology were based on certain key assumptions , including estimates of future revenue and expenses , taking into account the stage of development of the technology at the acquisition date and the time and resources needed to complete development .the company used a discount rate of 22.5% ( 22.5 % ) and cash flows that have been probability adjusted to reflect the risks of product commercialization , which the company believes are appropriate and representative of market participant assumptions .the carrying value of the company 2019s ipr&d assets and the change in the balance for the year ended march 31 , 2015 is as follows : march 31 , ( in $ 000 2019s ) .
[['', 'march 31 2015 ( in $ 000 2019s )'], ['beginning balance', '$ 2014'], ['additions', '18500'], ['foreign currency translation impact', '-3789 ( 3789 )'], ['ending balance', '$ 14711']]
note 9 .stockholders 2019 equity class b preferred stock the company has authorized 1000000 shares of class b preferred stock , $ .01 par value , of which the board of directors can set the designation , rights and privileges .no shares of class b preferred stock have been issued or are outstanding .stock repurchase program in november 2012 , the company 2019s board of directors authorized a stock repurchase program for up to $ 15.0 million of its common stock .the company financed the stock repurchase program with its available cash .during the year ended march 31 , 2013 , the company repurchased 1123587 shares for $ 15.0 million in open market purchases at an average cost of $ 13.39 per share , including commission expense .the company completed the purchase of common stock under this stock repurchase program in january 2013 .note 10 .stock award plans and stock-based compensation stock award plans the company grants stock options and restricted stock awards to employees and others .all outstanding stock options of the company as of march 31 , 2015 were granted with an exercise price equal to the fair market value on the date of grant .outstanding stock options , if not exercised , expire 10 years from the date of grant .the company 2019s 2008 stock incentive plan ( the 201cplan 201d ) authorizes the grant of a variety of equity awards to the company 2019s officers , directors , employees , consultants and advisers , including awards of unrestricted and restricted stock , restricted stock units , incentive and nonqualified stock options to purchase shares of common stock , performance share awards and stock appreciation rights .the plan provides that options may only be granted at the current market value on the date of grant .each share of stock issued pursuant to a stock option or stock appreciation right counts as one share against the maximum number of shares issuable under the plan , while each share of stock issued .
|
what percentage of the class b preferred stock is currently outstanding?
|
0%
|
{
"answer": "0%",
"decimal": null,
"type": "percentage"
}
| |
82 | 2017 form 10-k a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions , including positions impacting only the timing of tax benefits , follows .reconciliation of unrecognized tax benefits:1 years a0ended a0december a031 .
[['( millions of dollars )', 'years ended december 31 , 2017', 'years ended december 31 , 2016'], ['balance at january 1,', '$ 1032', '$ 968'], ['additions for tax positions related to current year', '270', '73'], ['additions for tax positions related to prior years', '20', '55'], ['reductions for tax positions related to prior years', '-27 ( 27 )', '-36 ( 36 )'], ['reductions for settlements2', '-9 ( 9 )', '-24 ( 24 )'], ['reductions for expiration of statute of limitations', '2014', '-4 ( 4 )'], ['balance at december 31,', '$ 1286', '$ 1032'], ['amount that if recognized would impact the effective tax rate', '$ 1209', '$ 963']]
1 foreign currency impacts are included within each line as applicable .2 includes cash payment or other reduction of assets to settle liability .we classify interest and penalties on income taxes as a component of the provision for income taxes .we recognized a net provision for interest and penalties of $ 38 million , $ 34 million and $ 20 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively .the total amount of interest and penalties accrued was $ 157 million and $ 120 million as of december a031 , 2017 and 2016 , respectively .on january 31 , 2018 , we received a revenue agent 2019s report from the irs indicating the end of the field examination of our u.s .income tax returns for 2010 to 2012 .in the audits of 2007 to 2012 including the impact of a loss carryback to 2005 , the irs has proposed to tax in the united states profits earned from certain parts transactions by csarl , based on the irs examination team 2019s application of the 201csubstance-over-form 201d or 201cassignment-of-income 201d judicial doctrines .we are vigorously contesting the proposed increases to tax and penalties for these years of approximately $ 2.3 billion .we believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines .we have filed u.s .income tax returns on this same basis for years after 2012 .based on the information currently available , we do not anticipate a significant increase or decrease to our unrecognized tax benefits for this matter within the next 12 months .we currently believe the ultimate disposition of this matter will not have a material adverse effect on our consolidated financial position , liquidity or results of operations .with the exception of a loss carryback to 2005 , tax years prior to 2007 are generally no longer subject to u.s .tax assessment .in our major non-u.s .jurisdictions including australia , brazil , china , germany , japan , mexico , switzerland , singapore and the u.k. , tax years are typically subject to examination for three to ten years .due to the uncertainty related to the timing and potential outcome of audits , we cannot estimate the range of reasonably possible change in unrecognized tax benefits in the next 12 months. .
|
assuming the same rate of change as in 2017 , what would the 2018 total amount of interest and penalties accrued equal in millions?
|
205.4
|
{
"answer": "205.4",
"decimal": 205.4,
"type": "float"
}
| |
the segment had operating earnings of $ 709 million in 2007 , compared to operating earnings of $ 787 million in 2006 .the decrease in operating earnings was primarily due to a decrease in gross margin , driven by : ( i ) lower net sales of iden infrastructure equipment , and ( ii ) continued competitive pricing pressure in the market for gsm infrastructure equipment , partially offset by : ( i ) increased net sales of digital entertainment devices , and ( ii ) the reversal of reorganization of business accruals recorded in 2006 relating to employee severance which were no longer needed .sg&a expenses increased primarily due to the expenses from recently acquired businesses , partially offset by savings from cost-reduction initiatives .r&d expenditures decreased primarily due to savings from cost- reduction initiatives , partially offset by expenditures by recently acquired businesses and continued investment in digital entertainment devices and wimax .as a percentage of net sales in 2007 as compared to 2006 , gross margin , sg&a expenses , r&d expenditures and operating margin all decreased .in 2007 , sales to the segment 2019s top five customers represented approximately 43% ( 43 % ) of the segment 2019s net sales .the segment 2019s backlog was $ 2.6 billion at december 31 , 2007 , compared to $ 3.2 billion at december 31 , 2006 .in the home business , demand for the segment 2019s products depends primarily on the level of capital spending by broadband operators for constructing , rebuilding or upgrading their communications systems , and for offering advanced services .during the second quarter of 2007 , the segment began shipping digital set-tops that support the federal communications commission ( 201cfcc 201d ) 2014 mandated separable security requirement .fcc regulations mandating the separation of security functionality from set-tops went into effect on july 1 , 2007 .as a result of these regulations , many cable service providers accelerated their purchases of set-tops in the first half of 2007 .additionally , in 2007 , 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 hd/dvr devices .during 2007 , the segment completed the acquisitions of : ( i ) netopia , inc. , a broadband equipment provider for dsl customers , which allows for phone , tv and fast internet connections , ( ii ) tut systems , inc. , a leading developer of edge routing and video encoders , ( iii ) modulus video , inc. , a provider of mpeg-4 advanced coding compression systems designed for delivery of high-value video content in ip set-top devices for the digital video , broadcast and satellite marketplaces , ( iv ) terayon communication systems , inc. , a provider of real-time digital video networking applications to cable , satellite and telecommunication service providers worldwide , and ( v ) leapstone systems , inc. , a provider of intelligent multimedia service delivery and content management applications to networks operators .these acquisitions enhance our ability to provide complete end-to-end systems for the delivery of advanced video , voice and data services .in december 2007 , motorola completed the sale of ecc to emerson for $ 346 million in cash .enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radio , 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 enterprise markets , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 201cgovernment and public safety market 201d ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 201ccommercial enterprise market 201d ) .in 2008 , the segment 2019s net sales represented 27% ( 27 % ) of the company 2019s consolidated net sales , compared to 21% ( 21 % ) in 2007 and 13% ( 13 % ) in 2006 .( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change .
[['( dollars in millions )', 'years ended december 31 2008', 'years ended december 31 2007', 'years ended december 31 2006', 'years ended december 31 2008 20142007', '2007 20142006'], ['segment net sales', '$ 8093', '$ 7729', '$ 5400', '5% ( 5 % )', '43% ( 43 % )'], ['operating earnings', '1496', '1213', '958', '23% ( 23 % )', '27% ( 27 % )']]
segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 5% ( 5 % ) to $ 8.1 billion , compared to $ 7.7 billion in 2007 .the 5% ( 5 % ) increase in net sales reflects an 8% ( 8 % ) increase in net sales to the government and public safety market , partially offset by a 2% ( 2 % ) decrease in net sales to the commercial enterprise market .the increase in net sales to the government and public safety market was primarily driven by : ( i ) increased net sales outside of north america , and ( ii ) the net sales generated by vertex standard co. , ltd. , a business the company acquired a controlling interest of in january 2008 , partially offset by lower net sales in north america .on a geographic basis , the segment 2019s net sales were higher in emea , asia and latin america and lower in north america .65management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 068000000 ***%%pcmsg|65 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
|
what was the efficiently , in a percent , of converting segmented sales to operating earnings for 2006?
|
17.7% of the segmented sales are converted into operating earnings .
|
{
"answer": "17.7% of the segmented sales are converted into operating earnings .",
"decimal": 0.177,
"type": "percentage"
}
|
to figure out the conversion of segmented sales to operating earnings one must take the operating earnings and divide it by the segmented net sales .
|
jpmorgan chase & co./2009 annual report consolidated results of operations this following section provides a comparative discussion of jpmorgan chase 2019s consolidated results of operations on a reported basis for the three-year period ended december 31 , 2009 .factors that related primarily to a single business segment are discussed in more detail within that business segment .for a discussion of the critical ac- counting estimates used by the firm that affect the consolidated results of operations , see pages 135 2013139 of this annual report .revenue year ended december 31 , ( in millions ) 2009 2008 2007 .
[['year ended december 31 ( in millions )', '2009', '2008', '2007'], ['investment banking fees', '$ 7087', '$ 5526', '$ 6635'], ['principal transactions', '9796', '-10699 ( 10699 )', '9015'], ['lending- and deposit-related fees', '7045', '5088', '3938'], ['asset management administrationand commissions', '12540', '13943', '14356'], ['securities gains', '1110', '1560', '164'], ['mortgage fees and related income', '3678', '3467', '2118'], ['credit card income', '7110', '7419', '6911'], ['other income', '916', '2169', '1829'], ['noninterest revenue', '49282', '28473', '44966'], ['net interest income', '51152', '38779', '26406'], ['total net revenue', '$ 100434', '$ 67252', '$ 71372']]
2009 compared with 2008 total net revenue was $ 100.4 billion , up by $ 33.2 billion , or 49% ( 49 % ) , from the prior year .the increase was driven by higher principal transactions revenue , primarily related to improved performance across most fixed income and equity products , and the absence of net markdowns on legacy leveraged lending and mortgage positions in ib , as well as higher levels of trading gains and investment securities income in corporate/private equity .results also benefited from the impact of the washington mutual transaction , which contributed to increases in net interest income , lending- and deposit-related fees , and mortgage fees and related income .lastly , higher investment banking fees also contributed to revenue growth .these increases in revenue were offset partially by reduced fees and commissions from the effect of lower market levels on assets under management and custody , and the absence of proceeds from the sale of visa shares in its initial public offering in the first quarter of 2008 .investment banking fees increased from the prior year , due to higher equity and debt underwriting fees .for a further discussion of invest- ment banking fees , which are primarily recorded in ib , see ib segment results on pages 63 201365 of this annual report .principal transactions revenue , which consists of revenue from trading and private equity investing activities , was significantly higher com- pared with the prior year .trading revenue increased , driven by improved performance across most fixed income and equity products ; modest net gains on legacy leveraged lending and mortgage-related positions , compared with net markdowns of $ 10.6 billion in the prior year ; and gains on trading positions in corporate/private equity , compared with losses in the prior year of $ 1.1 billion on markdowns of federal national mortgage association ( 201cfannie mae 201d ) and fed- eral home loan mortgage corporation ( 201cfreddie mac 201d ) preferred securities .these increases in revenue were offset partially by an aggregate loss of $ 2.3 billion from the tightening of the firm 2019s credit spread on certain structured liabilities and derivatives , compared with gains of $ 2.0 billion in the prior year from widening spreads on these liabilities and derivatives .the firm 2019s private equity investments pro- duced a slight net loss in 2009 , a significant improvement from a larger net loss in 2008 .for a further discussion of principal transac- tions revenue , see ib and corporate/private equity segment results on pages 63 201365 and 82 201383 , respectively , and note 3 on pages 156 2013 173 of this annual report .lending- and deposit-related fees rose from the prior year , predomi- nantly reflecting the impact of the washington mutual transaction and organic growth in both lending- and deposit-related fees in rfs , cb , ib and tss .for a further discussion of lending- and deposit- related fees , which are mostly recorded in rfs , tss and cb , see the rfs segment results on pages 66 201371 , the tss segment results on pages 77 201378 , and the cb segment results on pages 75 201376 of this annual report .the decline in asset management , administration and commissions revenue compared with the prior year was largely due to lower asset management fees in am from the effect of lower market levels .also contributing to the decrease were lower administration fees in tss , driven by the effect of market depreciation on certain custody assets and lower securities lending balances ; and lower brokerage commis- sions revenue in ib , predominantly related to lower transaction vol- ume .for additional information on these fees and commissions , see the segment discussions for tss on pages 77 201378 , and am on pages 79 201381 of this annual report .securities gains were lower in 2009 and included credit losses related to other-than-temporary impairment and lower gains on the sale of mastercard shares of $ 241 million in 2009 , compared with $ 668 million in 2008 .these decreases were offset partially by higher gains from repositioning the corporate investment securities portfolio in connection with managing the firm 2019s structural interest rate risk .for a further discussion of securities gains , which are mostly recorded in corporate/private equity , see the corpo- rate/private equity segment discussion on pages 82 201383 of this annual report .mortgage fees and related income increased slightly from the prior year , as higher net mortgage servicing revenue was largely offset by lower production revenue .the increase in net mortgage servicing revenue was driven by growth in average third-party loans serviced as a result of the washington mutual transaction .mortgage production revenue declined from the prior year , reflecting an increase in esti- mated losses from the repurchase of previously-sold loans , offset partially by wider margins on new originations .for a discussion of mortgage fees and related income , which is recorded primarily in rfs 2019s consumer lending business , see the consumer lending discus- sion on pages 68 201371 of this annual report .credit card income , which includes the impact of the washington mutual transaction , decreased slightly compared with the prior year .
|
what percent of total net revenue was noninterest revenue in 2008?
|
42%
|
{
"answer": "42%",
"decimal": 0.42,
"type": "percentage"
}
| |
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: .
[['', '2017', '2016', '2015'], ['operating profit as reported', '$ 1169', '$ 1053', '$ 914'], ['rationalization charges', '4', '22', '18'], ['gain from sale of property and equipment', '2014', '2014', '-5 ( 5 )'], ['operating profit as adjusted', '$ 1173', '$ 1075', '$ 927'], ['operating profit margins as reported', '15.3% ( 15.3 % )', '14.3% ( 14.3 % )', '12.8% ( 12.8 % )'], ['operating profit margins as adjusted', '15.3% ( 15.3 % )', '14.6% ( 14.6 % )', '13.0% ( 13.0 % )']]
operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
|
what was the percentage change in the gross profit margins from 2016 to 2017
|
2.4%
|
{
"answer": "2.4%",
"decimal": 0.024,
"type": "percentage"
}
|
the gross profit margins from 2016 to 2017 increased by 2.4%
|
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 1110.6'], ['rider revenue', '13.6'], ['purchased power capacity', '4.8'], ['volume/weather', '-14.6 ( 14.6 )'], ['other', '3.5'], ['2008 net revenue', '$ 1117.9']]
the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
|
what percent of the net change in revenue between 2007 and 2008 was due to rider revenue?
|
186%
|
{
"answer": "186%",
"decimal": 1.86,
"type": "percentage"
}
| |
additions to property , plant and equipment are our most significant use of cash and cash equivalents .the following table shows capital expenditures related to continuing operations by segment and reconciles to additions to property , plant and equipment as presented in the consolidated statements of cash flows for 2014 , 2013 and 2012: .
[['( in millions )', 'year ended december 31 , 2014', 'year ended december 31 , 2013', 'year ended december 31 , 2012'], ['north america e&p', '$ 4698', '$ 3649', '$ 3988'], ['international e&p', '534', '456', '235'], ['oil sands mining', '212', '286', '188'], ['corporate', '51', '58', '115'], ['total capital expenditures', '5495', '4449', '4526'], ['change in capital expenditure accrual', '-335 ( 335 )', '-6 ( 6 )', '-165 ( 165 )'], ['additions to property plant and equipment', '$ 5160', '$ 4443', '$ 4361']]
as of december 31 , 2014 , we had repurchased a total of 121 million common shares at a cost of $ 4.7 billion , including 29 million shares at a cost of $ 1 billion in the first six months of 2014 and 14 million shares at a cost of $ 500 million in the third quarter of 2013 .see item 8 .financial statements and supplementary data 2013 note 22 to the consolidated financial statements for discussion of purchases of common stock .liquidity and capital resources our main sources of liquidity are cash and cash equivalents , internally generated cash flow from operations , continued access to capital markets , our committed revolving credit facility and sales of non-strategic assets .our working capital requirements are supported by these sources and we may issue commercial paper backed by our $ 2.5 billion revolving credit facility to meet short-term cash requirements .because of the alternatives available to us as discussed above and access to capital markets through the shelf registration discussed below , we believe that our short-term and long-term liquidity is adequate to fund not only our current operations , but also our near-term and long-term funding requirements including our capital spending programs , dividend payments , defined benefit plan contributions , repayment of debt maturities and other amounts that may ultimately be paid in connection with contingencies .at december 31 , 2014 , we had approximately $ 4.9 billion of liquidity consisting of $ 2.4 billion in cash and cash equivalents and $ 2.5 billion availability under our revolving credit facility .as discussed in more detail below in 201coutlook 201d , we are targeting a $ 3.5 billion budget for 2015 .based on our projected 2015 cash outlays for our capital program and dividends , we expect to outspend our cash flows from operations for the year .we will be constantly monitoring our available liquidity during 2015 and we have the flexibility to adjust our budget throughout the year in response to the commodity price environment .we will also continue to drive the fundamentals of expense management , including organizational capacity and operational reliability .capital resources credit arrangements and borrowings in may 2014 , we amended our $ 2.5 billion unsecured revolving credit facility and extended the maturity to may 2019 .see note 16 to the consolidated financial statements for additional terms and rates .at december 31 , 2014 , we had no borrowings against our revolving credit facility and no amounts outstanding under our u.s .commercial paper program that is backed by the revolving credit facility .at december 31 , 2014 , we had $ 6391 million in long-term debt outstanding , and $ 1068 million is due within one year , of which the majority is due in the fourth quarter of 2015 .we do not have any triggers on any of our corporate debt that would cause an event of default in the case of a downgrade of our credit ratings .shelf registration we have a universal shelf registration statement filed with the sec , under which we , as "well-known seasoned issuer" for purposes of sec rules , have the ability to issue and sell an indeterminate amount of various types of debt and equity securities from time to time. .
|
by how much did total capital expenditures increase from 2013 to 2014?
|
23.5%
|
{
"answer": "23.5%",
"decimal": 0.235,
"type": "percentage"
}
| |
the facility is considered 201cdebt 201d for purposes of a support agreement between american water and awcc , which serves as a functional equivalent of a guarantee by american water of awcc 2019s payment obligations under the credit facility .also , the company acquired an additional revolving line of credit as part of its keystone acquisition .the total commitment under this credit facility was $ 16 million of which $ 2 million was outstanding as of december 31 , 2015 .the following table summarizes information regarding the company 2019s aggregate credit facility commitments , letter of credit sub-limits and available funds under those revolving credit facilities , as well as outstanding amounts of commercial paper and outstanding borrowings under the respective facilities as of december 31 , 2015 and 2014 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity outstanding commercial ( net of discount ) credit line borrowing ( in millions ) december 31 , 2015 .....$ 1266 $ 1182 $ 150 $ 68 $ 626 $ 2 december 31 , 2014 .....$ 1250 $ 1212 $ 150 $ 112 $ 450 $ 2014 the weighted-average interest rate on awcc short-term borrowings for the years ended december 31 , 2015 and 2014 was approximately 0.49% ( 0.49 % ) and 0.31% ( 0.31 % ) , respectively .interest accrues on the keystone revolving line of credit daily at a rate per annum equal to 2.75% ( 2.75 % ) above the greater of the one month or one day libor .capital structure the following table indicates the percentage of our capitalization represented by the components of our capital structure as of december 31: .
[['', '2015', '2014', '2013'], ["total common stockholders' equity", '43.5% ( 43.5 % )', '45.2% ( 45.2 % )', '44.6% ( 44.6 % )'], ['long-term debt and redeemable preferred stock at redemption value', '50.6% ( 50.6 % )', '50.1% ( 50.1 % )', '49.3% ( 49.3 % )'], ['short-term debt and current portion of long-term debt', '5.9% ( 5.9 % )', '4.7% ( 4.7 % )', '6.1% ( 6.1 % )'], ['total', '100% ( 100 % )', '100% ( 100 % )', '100% ( 100 % )']]
the changes in the capital structure between periods were mainly attributable to changes in outstanding commercial paper balances .debt covenants our debt agreements contain financial and non-financial covenants .to the extent that we are not in compliance with these covenants such an event may create an event of default under the debt agreement and we or our subsidiaries may be restricted in our ability to pay dividends , issue new debt or access our revolving credit facility .for two of our smaller operating companies , we have informed our counterparties that we will provide only unaudited financial information at the subsidiary level , which resulted in technical non-compliance with certain of their reporting requirements under debt agreements with respect to $ 8 million of outstanding debt .we do not believe this event will materially impact us .our long-term debt indentures contain a number of covenants that , among other things , limit the company from issuing debt secured by the company 2019s assets , subject to certain exceptions .our failure to comply with any of these covenants could accelerate repayment obligations .certain long-term notes and the revolving credit facility require us to maintain a ratio of consolidated debt to consolidated capitalization ( as defined in the relevant documents ) of not more than 0.70 to 1.00 .on december 31 , 2015 , our ratio was 0.56 to 1.00 and therefore we were in compliance with the covenant. .
|
what was the debt to equity ratio in 2015
|
1.3
|
{
"answer": "1.3",
"decimal": 1.3,
"type": "float"
}
|
the debt to equity is the division of the total debt by the equity
|
international networks international networks generated revenues of $ 3.0 billion and adjusted oibda of $ 848 million during 2016 , which represented 47% ( 47 % ) and 35% ( 35 % ) of our total consolidated revenues and adjusted oibda , respectively .our international networks segment principally consists of national and pan-regional television networks and brands that are delivered across multiple distribution platforms .this segment generates revenue from operations in virtually every pay-tv market in the world through an infrastructure that includes operational centers in london , warsaw , milan , singapore and miami .global brands include discovery channel , animal planet , tlc , id , science channel and turbo ( known as velocity in the u.s. ) , along with brands exclusive to international networks , including eurosport , real time , dmax and discovery kids .as of december 31 , 2016 , international networks operated over 400 unique distribution feeds in over 40 languages with channel feeds customized according to language needs and advertising sales opportunities .international networks also has fta and broadcast networks in europe and the middle east and broadcast networks in germany , norway and sweden , and continues to pursue further international expansion .fta networks generate a significant portion of international networks' revenue .the penetration and growth rates of television services vary across countries and territories depending on numerous factors including the dominance of different television platforms in local markets .while pay-tv services have greater penetration in certain markets , fta or broadcast television is dominant in others .international networks has a large international distribution platform for its 37 networks , with as many as 13 networks distributed in any particular country or territory across the more than 220 countries and territories around the world .international networks pursues distribution across all television platforms based on the specific dynamics of local markets and relevant commercial agreements .in addition to the global networks described in the overview section above , we operate networks internationally that utilize the following brands : 2022 eurosport is the leading sports entertainment provider across europe with the following tv brands : eurosport , eurosport 2 and eurosportnews , reaching viewers across europe and asia , as well as eurosport digital , which includes eurosport player and eurosport.com .2022 viewing subscribers reached by each brand as of december 31 , 2016 were as follows : eurosport : 133 million ; eurosport 2 : 65 million ; and eurosportnews : 9 million .2022 eurosport telecasts live sporting events with both local and pan-regional appeal and its events focus on winter sports , cycling and tennis , including the tour de france and it is the home of grand slam tennis with all four tournaments .important local sports rights include bundesliga and motogp .in addition , eurosport has increasingly invested in more exclusive and localized rights to drive local audience and commercial relevance .2022 we have acquired the exclusive broadcast rights across all media platforms throughout europe for the four olympic games between 2018 and 2024 for 20ac1.3 billion ( $ 1.5 billion as of december 31 , 2016 ) .the broadcast rights exclude france for the olympic games in 2018 and 2020 , and exclude russia .in addition to fta broadcasts for the olympic games , many of these events are set to air on eurosport's pay-tv and digital platforms .2022 on november 2 , 2016 , we announced a long-term agreement and joint venture partnership with bamtech ( "mlbam" ) a technology services and video streaming company , and subsidiary of major league baseball's digital business , that includes the formation of bamtech europe , a joint venture that will provide digital technology services to a broad set of both sports and entertainment clients across europe .2022 as of december 31 , 2016 , dmax reached approximately 103 million viewers through fta networks , according to internal estimates .2022 dmax is a men 2019s factual entertainment channel in asia and europe .2022 discovery kids reached approximately 121 million viewers , according to internal estimates , as of december 31 , 2016 .2022 discovery kids is a leading children's network in latin america and asia .our international networks segment also owns and operates the following regional television networks , which reached the following number of subscribers and viewers via pay and fta or broadcast networks , respectively , as of december 31 , 2016 : television service international subscribers/viewers ( millions ) .
[['', 'television service', 'internationalsubscribers/viewers ( millions )'], ['quest', 'fta', '77'], ['nordic broadcast networks ( a )', 'broadcast', '35'], ['giallo', 'fta', '25'], ['frisbee', 'fta', '25'], ['focus', 'fta', '25'], ['k2', 'fta', '25'], ['deejay tv', 'fta', '25'], ['discovery hd world', 'pay', '24'], ['shed', 'pay', '12'], ['discovery history', 'pay', '10'], ['discovery world', 'pay', '6'], ['discovery en espanol ( u.s. )', 'pay', '6'], ['discovery familia ( u.s. )', 'pay', '6']]
( a ) number of subscribers corresponds to the sum of the subscribers to each of the nordic broadcast networks in sweden , norway , finland and denmark subject to retransmission agreements with pay-tv providers .the nordic broadcast networks include kanal 5 , kanal 9 , and kanal 11 in sweden , tv norge , max , fem and vox in norway , tv 5 , kutonen , and frii in finland , and kanal 4 , kanal 5 , 6'eren , and canal 9 in denmark .similar to u.s .networks , a significant source of revenue for international networks relates to fees charged to operators who distribute our linear networks .such operators primarily include cable and dth satellite service providers .international television markets vary in their stages of development .some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies .common practice in some markets results in long-term contractual distribution relationships , while customers in other markets renew contracts annually .distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the distributor agreements , and the market demand for the content that we provide .the other significant source of revenue for international networks relates to advertising sold on our television networks and across distribution platforms , similar to u.s .networks .advertising revenue is dependent upon a number of factors , including the development of pay and fta television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over a portfolio of channels on multiple platforms .in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets .in developing television markets , advertising revenue growth results from continued subscriber growth , our localization strategy , and the shift of advertising spending from traditional broadcast networks to channels .
|
what percentage of eurosport viewing subscribers reached were due to eurosport 2 network?
|
64%
|
{
"answer": "64%",
"decimal": 0.64,
"type": "percentage"
}
| |
2012 ppg annual report and form 10-k 45 costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes .in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 .there were no outstanding amounts due under either revolving facility at the times of their termination .the 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees .short-term debt outstanding as of december 31 , 2012 and 2011 , was as follows: .
[['( millions )', '2012', '2011'], ['other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011', '$ 39', '$ 33'], ['total', '$ 39', '$ 33']]
ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures .the company 2019s revolving credit agreements include a financial ratio covenant .the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .as of december 31 , 2012 , total indebtedness was 42% ( 42 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions .those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements .none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates .interest payments in 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 million , respectively .in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) .the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
|
as of december 31 , 2012 , how much room does the company have in its restrictive covenant regarding debt to total capitalization?
|
18%
|
{
"answer": "18%",
"decimal": 0.18,
"type": "percentage"
}
|
room - remaining covenant
|
management 2019s discussion and analysis we believe our credit ratings are primarily based on the credit rating agencies 2019 assessment of : 2030 our liquidity , market , credit and operational risk management practices ; 2030 the level and variability of our earnings ; 2030 our capital base ; 2030 our franchise , reputation and management ; 2030 our corporate governance ; and 2030 the external operating environment , including the assumed level of government support .certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings .we assess the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies .a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies .we allocate a portion of our gce to ensure we would be able to make the additional collateral or termination payments that may be required in the event of a two-notch reduction in our long-term credit ratings , as well as collateral that has not been called by counterparties , but is available to them .the table below presents the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in our credit ratings. .
[['in millions', 'as of december 2012', 'as of december 2011'], ['additional collateral or termination payments for a one-notch downgrade', '$ 1534', '$ 1303'], ['additional collateral or termination payments for a two-notch downgrade', '2500', '2183']]
in millions 2012 2011 additional collateral or termination payments for a one-notch downgrade $ 1534 $ 1303 additional collateral or termination payments for a two-notch downgrade 2500 2183 cash flows as a global financial institution , our cash flows are complex and bear little relation to our net earnings and net assets .consequently , we believe that traditional cash flow analysis is less meaningful in evaluating our liquidity position than the excess liquidity and asset-liability management policies described above .cash flow analysis may , however , be helpful in highlighting certain macro trends and strategic initiatives in our businesses .year ended december 2012 .our cash and cash equivalents increased by $ 16.66 billion to $ 72.67 billion at the end of 2012 .we generated $ 9.14 billion in net cash from operating and investing activities .we generated $ 7.52 billion in net cash from financing activities from an increase in bank deposits , partially offset by net repayments of unsecured and secured long-term borrowings .year ended december 2011 .our cash and cash equivalents increased by $ 16.22 billion to $ 56.01 billion at the end of 2011 .we generated $ 23.13 billion in net cash from operating and investing activities .we used net cash of $ 6.91 billion for financing activities , primarily for repurchases of our series g preferred stock and common stock , partially offset by an increase in bank deposits .year ended december 2010 .our cash and cash equivalents increased by $ 1.50 billion to $ 39.79 billion at the end of 2010 .we generated $ 7.84 billion in net cash from financing activities primarily from net proceeds from issuances of short-term secured financings .we used net cash of $ 6.34 billion for operating and investing activities , primarily to fund an increase in securities purchased under agreements to resell and an increase in cash and securities segregated for regulatory and other purposes , partially offset by cash generated from a decrease in securities borrowed .goldman sachs 2012 annual report 87 .
|
what were cash and cash equivalents in billions at the end of 2011?
|
56.01
|
{
"answer": "56.01",
"decimal": 56.01,
"type": "float"
}
| |
shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five- year period .the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2008 at the closing price on the last trading day of 2008 , and also assumes reinvestment of common stock dividends .the s&p financial index is a publicly available measure of 81 of the standard & poor's 500 companies , representing 17 diversified financial services companies , 22 insurance companies , 19 real estate companies and 23 banking companies .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 24 leading national money center and regional banks and thrifts. .
[['', '2008', '2009', '2010', '2011', '2012', '2013'], ['state street corporation', '$ 100', '$ 111', '$ 118', '$ 105', '$ 125', '$ 198'], ['s&p 500 index', '100', '126', '146', '149', '172', '228'], ['s&p financial index', '100', '117', '132', '109', '141', '191'], ['kbw bank index', '100', '98', '121', '93', '122', '168']]
.
|
what is the roi of an investment in kbw bank index from 2008 to 2011?
|
-7%
|
{
"answer": "-7%",
"decimal": -0.07,
"type": "percentage"
}
| |
recourse and repurchase obligations as discussed in note 3 loans sale and servicing activities and variable interest entities , pnc has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement .one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions .commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s dus program .we participated in a similar program with the fhlmc .under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement .at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively .the potential maximum exposure under the loss share arrangements was $ 4.0 billion at both december 31 , 2011 and december 31 , 2010 .we maintain a reserve for estimated losses based upon our exposure .the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet .if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses .our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment .analysis of commercial mortgage recourse obligations .
[['in millions', '2011', '2010'], ['january 1', '$ 54', '$ 71'], ['reserve adjustments net', '1', '9'], ['losses 2013 loan repurchases and settlements', '-8 ( 8 )', '-2 ( 2 )'], ['loan sales', '', '-24 ( 24 )'], ['december 31', '$ 47', '$ 54']]
residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors .these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements .residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and whole-loan sale transactions .as discussed in note 3 in this report , agency securitizations consist of mortgage loans sale transactions with fnma , fhlmc , and gnma , while non-agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors .our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal .repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment .pnc 2019s repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition .pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of whole-loans sold in these transactions .repurchase activity associated with brokered home equity loans/lines is reported in the non-strategic assets portfolio segment .loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans to investors of sufficient investment quality .key aspects of such covenants and representations and warranties include the loan 2019s compliance with any applicable loan criteria established by the investor , including underwriting standards , delivery of all required loan documents to the investor or its designated party , sufficient collateral valuation , and the validity of the lien securing the loan .as a result of alleged breaches of these contractual obligations , investors may request pnc to indemnify them against losses on certain loans or to repurchase loans .these investor indemnification or repurchase claims are typically settled on an individual loan basis through make- whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .indemnifications for loss or loan repurchases typically occur when , after review of the claim , we agree insufficient evidence exists to dispute the investor 2019s claim that a breach of a loan covenant and representation and warranty has occurred , such breach has not been cured , and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan .depending on the sale agreement and upon proper notice from the investor , we typically respond to such indemnification and repurchase requests within 60 days , although final resolution of the claim may take a longer period of time .with the exception of the sales the pnc financial services group , inc .2013 form 10-k 199 .
|
for commercial mortgage recourse obligations , what was average reserve adjustments net for 2010 and 2011 , in millions?
|
5
|
{
"answer": "5",
"decimal": 5,
"type": "float"
}
| |
entergy new orleans , inc .management's financial discussion and analysis ( 1 ) includes approximately $ 30 million annually for maintenance capital , which is planned spending on routine capital projects that are necessary to support reliability of service , equipment or systems and to support normal customer growth .( 2 ) purchase obligations represent the minimum purchase obligation or cancellation charge for contractual obligations to purchase goods or services .for entergy new orleans , almost all of the total consists of unconditional fuel and purchased power obligations , including its obligations under the unit power sales agreement , which is discussed in note 8 to the financial statements .in addition to the contractual obligations given above , entergy new orleans expects to make payments of approximately $ 113 million for the years 2009-2011 related to hurricane katrina and hurricane gustav restoration work and its gas rebuild project , of which $ 32 million is expected to be incurred in 2009 .also , entergy new orleans expects to contribute $ 1.7 million to its pension plan and $ 5.9 million to its other postretirement plans in 2009 .guidance pursuant to the pension protection act of 2006 rules , effective for the 2008 plan year and beyond , may affect the level of entergy new orleans' pension contributions in the future .also in addition to the contractual obligations , entergy new orleans has $ 26.1 million of unrecognized tax benefits and interest for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions .see note 3 to the financial statements for additional information regarding unrecognized tax benefits .the planned capital investment estimate for entergy new orleans reflects capital required to support existing business .the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , and the ability to access capital .management provides more information on long-term debt and preferred stock maturities in notes 5 and 6 and to the financial statements .sources of capital entergy new orleans' sources to meet its capital requirements include : internally generated funds ; cash on hand ; and debt and preferred stock issuances .entergy new orleans' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
[['2008', '2007', '2006', '2005'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 60093', '$ 47705', '( $ 37166 )', '( $ 37166 )']]
see note 4 to the financial statements for a description of the money pool .as discussed above in "bankruptcy proceedings" , entergy new orleans issued notes due in three years in satisfaction of its affiliate prepetition accounts payable , including its indebtedness to the entergy system money pool of $ 37.2 million .entergy new orleans has obtained short-term borrowing authorization from the ferc under which it may borrow through march 2010 , up to the aggregate amount , at any one time outstanding , of $ 100 million .see note 4 to the financial statements for further discussion of entergy new orleans' short-term borrowing limits .the long- term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through august 2010. .
|
what is the percent change in net receivables from the money pool between 2007 and 2008?
|
25.9%
|
{
"answer": "25.9%",
"decimal": 0.259,
"type": "percentage"
}
| |
the company 2019s stock performance the following graph compares cumulative total return of the company 2019s common stock with the cumulative total return of ( i ) the nasdaq stock market-united states , and ( ii ) the nasdaq biotechnology index .the graph assumes ( a ) $ 100 was invested on july 31 , 2001 in each of the company 2019s common stock , the stocks comprising the nasdaq stock market-united states and the stocks comprising the nasdaq biotechnology index , and ( b ) the reinvestment of dividends .comparison of 65 month cumulative total return* among alexion pharmaceuticals , inc. , the nasdaq composite index and the nasdaq biotechnology index alexion pharmaceuticals , inc .nasdaq composite nasdaq biotechnology .
[['', '7/02', '7/03', '7/04', '7/05', '12/05', '12/06', '12/07'], ['alexion pharmaceuticals inc .', '100.00', '108.38', '102.64', '167.89', '130.56', '260.41', '483.75'], ['nasdaq composite', '100.00', '128.98', '142.51', '164.85', '168.24', '187.43', '204.78'], ['nasdaq biotechnology', '100.00', '149.29', '146.51', '176.75', '186.10', '183.89', '187.04']]
.
|
what is the difference between the percent change between 7/02 and 7/03 of the investments into axion and the nasdaq composite?
|
-20.58%
|
{
"answer": "-20.58%",
"decimal": -0.20579999999999998,
"type": "percentage"
}
| |
competitive supply aes 2019s competitive supply line of business consists of generating facilities that sell electricity directly to wholesale customers in competitive markets .additionally , as compared to the contract generation segment discussed above , these generating facilities generally sell less than 75% ( 75 % ) of their output pursuant to long-term contracts with pre-determined pricing provisions and/or sell into power pools , under shorter-term contracts or into daily spot markets .the prices paid for electricity under short-term contracts and in the spot markets are unpredictable and can be , and from time to time have been , volatile .the results of operations of aes 2019s competitive supply business are also more sensitive to the impact of market fluctuations in the price of electricity , natural gas , coal and other raw materials .in the united kingdom , txu europe entered administration in november 2002 and is no longer performing under its contracts with drax and barry .as described in the footnotes and in other sections of the discussion and analysis of financial condition and results of operations , txu europe 2019s failure to perform under its contracts has had a material adverse effect on the results of operations of these businesses .two aes competitive supply businesses , aes wolf hollow , l.p .and granite ridge have fuel supply agreements with el paso merchant energy l.p .an affiliate of el paso corp. , which has encountered financial difficulties .the company does not believe the financial difficulties of el paso corp .will have a material adverse effect on el paso merchant energy l.p . 2019s performance under the supply agreement ; however , there can be no assurance that a further deterioration in el paso corp 2019s financial condition will not have a material adverse effect on the ability of el paso merchant energy l.p .to perform its obligations .while el paso corp 2019s financial condition may not have a material adverse effect on el paso merchant energy , l.p .at this time , it could lead to a default under the aes wolf hollow , l.p . 2019s fuel supply agreement , in which case aes wolf hollow , l.p . 2019s lenders may seek to declare a default under its credit agreements .aes wolf hollow , l.p .is working in concert with its lenders to explore options to avoid such a default .the revenues from our facilities that distribute electricity to end-use customers are generally subject to regulation .these businesses are generally required to obtain third party approval or confirmation of rate increases before they can be passed on to the customers through tariffs .these businesses comprise the large utilities and growth distribution segments of the company .revenues from contract generation and competitive supply are not regulated .the distribution of revenues between the segments for the years ended december 31 , 2002 , 2001 and 2000 is as follows: .
[['', '2002', '2001', '2000'], ['large utilities', '36% ( 36 % )', '21% ( 21 % )', '22% ( 22 % )'], ['growth distribution', '14% ( 14 % )', '21% ( 21 % )', '21% ( 21 % )'], ['contract generation', '29% ( 29 % )', '32% ( 32 % )', '27% ( 27 % )'], ['competitive supply', '21% ( 21 % )', '26% ( 26 % )', '30% ( 30 % )']]
development costs certain subsidiaries and affiliates of the company ( domestic and non-u.s. ) are in various stages of developing and constructing greenfield power plants , some but not all of which have signed long-term contracts or made similar arrangements for the sale of electricity .successful completion depends upon overcoming substantial risks , including , but not limited to , risks relating to failures of siting , financing , construction , permitting , governmental approvals or the potential for termination of the power sales contract as a result of a failure to meet certain milestones .as of december 31 , 2002 , capitalized costs for projects under development and in early stage construction were approximately $ 15 million and capitalized costs for projects under construction were approximately $ 3.2 billion .the company believes .
|
for 2002 what is the range between the largest and smallest segments , based on % ( % ) of total revenue?
|
22%
|
{
"answer": "22%",
"decimal": 0.22,
"type": "percentage"
}
| |
12 .borrowings short-term borrowings 2015 revolving credit facility .in march 2011 , the company entered into a five-year $ 3.5 billion unsecured revolving credit facility , which was amended in 2014 , 2013 and 2012 .in april 2015 , the company 2019s credit facility was further amended to extend the maturity date to march 2020 and to increase the amount of the aggregate commitment to $ 4.0 billion ( the 201c2015 credit facility 201d ) .the 2015 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2015 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .the 2015 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortization , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2015 .the 2015 credit facility provides back-up liquidity to fund ongoing working capital for general corporate purposes and various investment opportunities .at december 31 , 2015 , the company had no amount outstanding under the 2015 credit facility .commercial paper program .on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 4.0 billion as amended in april 2015 .the cp program is currently supported by the 2015 credit facility .at december 31 , 2015 , blackrock had no cp notes outstanding .long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at december 31 , 2015 included the following : ( in millions ) maturity amount unamortized discount and debt issuance costs carrying value fair value .
[['( in millions )', 'maturityamount', 'unamortized discount and debt issuance costs', 'carrying value', 'fair value'], ['6.25% ( 6.25 % ) notes due 2017', '$ 700', '$ -1 ( 1 )', '$ 699', '$ 757'], ['5.00% ( 5.00 % ) notes due 2019', '1000', '-3 ( 3 )', '997', '1106'], ['4.25% ( 4.25 % ) notes due 2021', '750', '-5 ( 5 )', '745', '828'], ['3.375% ( 3.375 % ) notes due 2022', '750', '-6 ( 6 )', '744', '773'], ['3.50% ( 3.50 % ) notes due 2024', '1000', '-8 ( 8 )', '992', '1030'], ['1.25% ( 1.25 % ) notes due 2025', '760', '-7 ( 7 )', '753', '729'], ['total long-term borrowings', '$ 4960', '$ -30 ( 30 )', '$ 4930', '$ 5223']]
long-term borrowings at december 31 , 2014 had a carrying value of $ 4.922 billion and a fair value of $ 5.309 billion determined using market prices at the end of december 2025 notes .in may 2015 , the company issued 20ac700 million of 1.25% ( 1.25 % ) senior unsecured notes maturing on may 6 , 2025 ( the 201c2025 notes 201d ) .the notes are listed on the new york stock exchange .the net proceeds of the 2025 notes were used for general corporate purposes , including refinancing of outstanding indebtedness .interest of approximately $ 10 million per year based on current exchange rates is payable annually on may 6 of each year .the 2025 notes may be redeemed in whole or in part prior to maturity at any time at the option of the company at a 201cmake-whole 201d redemption price .the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2025 notes .upon conversion to u.s .dollars the company designated the 20ac700 million debt offering as a net investment hedge to offset its currency exposure relating to its net investment in certain euro functional currency operations .a gain of $ 19 million , net of tax , was recognized in other comprehensive income for 2015 .no hedge ineffectiveness was recognized during 2015 .2024 notes .in march 2014 , the company issued $ 1.0 billion in aggregate principal amount of 3.50% ( 3.50 % ) senior unsecured and unsubordinated notes maturing on march 18 , 2024 ( the 201c2024 notes 201d ) .the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014 .interest is payable semi-annually in arrears on march 18 and september 18 of each year , or approximately $ 35 million per year .the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price .the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 notes .2022 notes .in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations .these notes were issued as two separate series of senior debt securities , including $ 750 million of 1.375% ( 1.375 % ) notes , which were repaid in june 2015 at maturity , and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) .net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes .interest on the 2022 notes of approximately $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 .the 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price .the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a .
|
what percent of the fair value is in the carrying value?
|
94.39%
|
{
"answer": "94.39%",
"decimal": 0.9439,
"type": "percentage"
}
| |
page 62 of 94 notes to consolidated financial statements ball corporation and subsidiaries 14 .taxes on income ( continued ) at december 31 , 2007 , ball corporation and its domestic subsidiaries had net operating loss carryforwards , expiring between 2020 and 2026 , of $ 64.6 million with a related tax benefit of $ 25.2 million .also at december 31 , 2007 , ball packaging europe and its subsidiaries had net operating loss carryforwards , with no expiration date , of $ 54.4 million with a related tax benefit of $ 14.6 million .ball packaging products canada corp .had a net operating loss carryforward , with no expiration date , of $ 15.8 million with a related tax benefit of $ 5.4 million .due to the uncertainty of ultimate realization , these european and canadian benefits have been offset by valuation allowances of $ 8.6 million and $ 5.4 million , respectively .upon realization , $ 5.3 million of the european valuation allowance will be recognized as a reduction in goodwill .at december 31 , 2007 , the company has foreign tax credit carryforwards of $ 5.8 million ; however , due to the uncertainty of realization of the entire credit , a valuation allowance of $ 3.8 million has been applied to reduce the carrying value to $ 2 million .effective january 1 , 2007 , ball adopted fin no .48 , 201caccounting for uncertainty in income taxes . 201d as of the date of adoption , the accrual for uncertain tax position was $ 45.8 million , and the cumulative effect of the adoption was an increase in the reserve for uncertain tax positions of $ 2.1 million .the accrual includes an $ 11.4 million reduction in opening retained earnings and a $ 9.3 million reduction in goodwill .a reconciliation of the unrecognized tax benefits follows : ( $ in millions ) as adjusted for accounting change .
[['( $ in millions )', 'as adjusted for accounting change'], ['balance at january 1 2007', '$ 45.8'], ['additions based on tax positions related to the current year', '3.9'], ['additions for tax positions of prior years', '7.6'], ['reductions for settlements', '-18.4 ( 18.4 )'], ['effect of foreign currency exchange rates', '2.2'], ['balance at december 31 2007', '$ 41.1'], ['balance sheet classification:', ''], ['income taxes payable', '$ 4.2'], ['deferred taxes and other liabilities', '36.9'], ['total', '$ 41.1']]
the amount of unrecognized tax benefits at december 31 , 2007 , that , if recognized , would reduce tax expense is $ 35.9 million .at this time there are no positions where the unrecognized tax benefit is expected to increase or decrease significantly within the next 12 months .u.s .federal and state income tax returns filed for the years 2000- 2006 are open for audit , with an effective settlement of the federal returns through 2004 .the income tax returns filed in europe for the years 2002 through 2006 are also open for audit .the company 2019s significant filings in europe are in germany , france , the netherlands , poland , serbia and the united kingdom .the company recognizes the accrual of interest and penalties related to unrecognized tax benefits in income tax expense .during the year ended december 31 , 2007 , ball recognized approximately $ 2.7 million of interest expense .the accrual for uncertain tax positions at december 31 , 2007 , includes approximately $ 5.1 million representing potential interest expense .no penalties have been accrued .the 2007 provision for income taxes included an $ 11.5 million accrual under fin no .48 .the majority of this provision was related to the effective settlement during the third quarter of 2007 with the internal revenue service for interest deductions on incurred loans from a company-owned life insurance plan .the total accrual at december 31 , 2007 , for the effective settlement of the applicable prior years 2000-2004 under examination , and unaudited years 2005 through 2007 , was $ 18.4 million , including estimated interest .the settlement resulted in a majority of the interest deductions being sustained with prospective application that results in no significant impact to future earnings per share or cash flows. .
|
what percentage of total unrecognized tax benefits as of december 31 , 2007 would affect taxes should it be recognized?
|
87%
|
{
"answer": "87%",
"decimal": 0.87,
"type": "percentage"
}
| |
notes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .
[['balance at september 29 2007', '$ 7315'], ['increases based on positions related to prior years', '351'], ['increases based on positions related to current year', '813'], ['decreases relating to lapses of applicable statutes of limitations', '-605 ( 605 )'], ['balance at october 3 2008', '$ 7874']]
the company 2019s major tax jurisdictions as of october 3 , 2008 for fin 48 are the u.s. , california , and iowa .for the u.s. , the company has open tax years dating back to fiscal year 1998 due to the carryforward of tax attributes .for california , the company has open tax years dating back to fiscal year 2002 due to the carryforward of tax attributes .for iowa , the company has open tax years dating back to fiscal year 2002 due to the carryforward of tax attributes .during the year ended october 3 , 2008 , the statute of limitations period expired relating to an unrecognized tax benefit .the expiration of the statute of limitations period resulted in the recognition of $ 0.6 million of previously unrecognized tax benefit , which impacted the effective tax rate , and $ 0.5 million of accrued interest related to this tax position was reversed during the year .including this reversal , total year-to-date accrued interest related to the company 2019s unrecognized tax benefits was a benefit of $ 0.4 million .10 .stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value .holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose .dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside .in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock .each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name .no holder of common stock is entitled to cumulate votes in voting for directors .the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or sell .in march 2007 , the company repurchased approximately 4.3 million of its common shares for $ 30.1 million as authorized by the company 2019s board of directors .the company has no publicly disclosed stock repurchase plans .at october 3 , 2008 , the company had 170322804 shares of common stock issued and 165591830 shares outstanding .preferred stock the company 2019s second amended and restated certificate of incorporation permits the company to issue up to 25000000 shares of preferred stock in one or more series and with rights and preferences that may be fixed or designated by the company 2019s board of directors without any further action by the company 2019s stockholders .the designation , powers , preferences , rights and qualifications , limitations and restrictions of the preferred stock of each skyworks solutions , inc .2008 annual report %%transmsg*** transmitting job : a51732 pcn : 099000000 ***%%pcmsg|103 |00005|yes|no|03/26/2009 13:34|0|0|page is valid , no graphics -- color : d| .
|
in march 2007what was the share price in the company repurchased of 4.3 million of its common shares at $ 30.1 million as authorized by the company 2019s board of directors .
|
7
|
{
"answer": "7",
"decimal": 7,
"type": "float"
}
| |
entergy gulf states , inc .management's financial discussion and analysis .
[['', '( in millions )'], ['2003 net revenue', '$ 1110.1'], ['volume/weather', '26.7'], ['net wholesale revenue', '13.0'], ['summer capacity charges', '5.5'], ['price applied to unbilled sales', '4.8'], ['fuel recovery revenues', '-14.2 ( 14.2 )'], ['other', '3.9'], ['2004 net revenue', '$ 1149.8']]
the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector .billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors .the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers .summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 .the amortization of these capacity charges began in june 2002 and ended in may 2003 .the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales .fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates .entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds .these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 .gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase .fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above .other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 .the amortization of these charges began in june 2002 and ended in may 2003 .2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2003 to 2002. .
|
what are the provisions for potential rate refunds as a percentage of net revenue in 2004?
|
1.97%
|
{
"answer": "1.97%",
"decimal": 0.0197,
"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. .
|
in a slight recession of the overall market , what percentage did the stock price of global payments change?
|
18.2% increase
|
{
"answer": "18.2% increase",
"decimal": 0.182,
"type": "percentage"
}
|
the s&p 500 is a good indicator of the overall market , therefore when that drops that means there was a slight recession that year . however , global payments did not follow the trend and rose 18.6% . this was calculated by taking the final price and subtracting it by the initial price . then take the answer and dividing by the initial price .
|
notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees .as of march 31 , 2008 , mr .ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party .we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa .we believe these currency transactions were executed at prevailing market exchange rates .also from time to time , money transfer transactions are settled at destination facilities owned by cisa .we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 .in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively .in the normal course of business , we periodically utilize the services of contractors to provide software development services .one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services .the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states .during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million .as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets .in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively .note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases .
[['', 'operating leases'], ['2009', '$ 22883'], ['2010', '16359'], ['2011', '11746'], ['2012', '5277'], ['2013', '3365'], ['thereafter', '7816'], ['total future minimum lease payments', '$ 67446']]
we are party to a number of other claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. .
|
what is the exchange rate pesos to dollar in 2008?
|
10.89
|
{
"answer": "10.89",
"decimal": 10.89,
"type": "float"
}
| |
management 2019s discussion and analysis j.p .morgan chase & co .26 j.p .morgan chase & co ./ 2003 annual report $ 41.7 billion .nii was reduced by a lower volume of commercial loans and lower spreads on investment securities .as a compo- nent of nii , trading-related net interest income of $ 2.1 billion was up 13% ( 13 % ) from 2002 due to a change in the composition of , and growth in , trading assets .the firm 2019s total average interest-earning assets in 2003 were $ 590 billion , up 6% ( 6 % ) from the prior year .the net interest yield on these assets , on a fully taxable-equivalent basis , was 2.10% ( 2.10 % ) , compared with 2.09% ( 2.09 % ) in the prior year .noninterest expense year ended december 31 .
[['( in millions )', '2003', '2002', 'change'], ['compensation expense', '$ 11695', '$ 10983', '6% ( 6 % )'], ['occupancy expense', '1912', '1606', '19'], ['technology and communications expense', '2844', '2554', '11'], ['other expense', '5137', '5111', '1'], ['surety settlement and litigation reserve', '100', '1300', '-92 ( 92 )'], ['merger and restructuring costs', '2014', '1210', 'nm'], ['total noninterest expense', '$ 21688', '$ 22764', '( 5 ) % ( % )']]
technology and communications expense in 2003 , technology and communications expense was 11% ( 11 % ) above the prior-year level .the increase was primarily due to a shift in expenses : costs that were previously associated with compensation and other expenses shifted , upon the commence- ment of the ibm outsourcing agreement , to technology and communications expense .also contributing to the increase were higher costs related to software amortization .for a further dis- cussion of the ibm outsourcing agreement , see support units and corporate on page 44 of this annual report .other expense other expense in 2003 rose slightly from the prior year , reflecting higher outside services .for a table showing the components of other expense , see note 8 on page 96 of this annual report .surety settlement and litigation reserve the firm added $ 100 million to the enron-related litigation reserve in 2003 to supplement a $ 900 million reserve initially recorded in 2002 .the 2002 reserve was established to cover enron-related matters , as well as certain other material litigation , proceedings and investigations in which the firm is involved .in addition , in 2002 the firm recorded a charge of $ 400 million for the settlement of enron-related surety litigation .merger and restructuring costs merger and restructuring costs related to business restructurings announced after january 1 , 2002 , were recorded in their relevant expense categories .in 2002 , merger and restructuring costs of $ 1.2 billion , for programs announced prior to january 1 , 2002 , were viewed by management as nonoperating expenses or 201cspecial items . 201d refer to note 8 on pages 95 201396 of this annual report for a further discussion of merger and restructuring costs and for a summary , by expense category and business segment , of costs incurred in 2003 and 2002 for programs announced after january 1 , 2002 .provision for credit losses the 2003 provision for credit losses was $ 2.8 billion lower than in 2002 , primarily reflecting continued improvement in the quality of the commercial loan portfolio and a higher volume of credit card securitizations .for further information about the provision for credit losses and the firm 2019s management of credit risk , see the dis- cussions of net charge-offs associated with the commercial and consumer loan portfolios and the allowance for credit losses , on pages 63 201365 of this annual report .income tax expense income tax expense was $ 3.3 billion in 2003 , compared with $ 856 million in 2002 .the effective tax rate in 2003 was 33% ( 33 % ) , compared with 34% ( 34 % ) in 2002 .the tax rate decline was principally attributable to changes in the proportion of income subject to state and local taxes .compensation expense compensation expense in 2003 was 6% ( 6 % ) higher than in the prior year .the increase principally reflected higher performance-related incentives , and higher pension and other postretirement benefit costs , primarily as a result of changes in actuarial assumptions .for a detailed discussion of pension and other postretirement benefit costs , see note 6 on pages 89 201393 of this annual report .the increase pertaining to incentives included $ 266 million as a result of adopting sfas 123 , and $ 120 million from the reversal in 2002 of previously accrued expenses for certain forfeitable key employ- ee stock awards , as discussed in note 7 on pages 93 201395 of this annual report .total compensation expense declined as a result of the transfer , beginning april 1 , 2003 , of 2800 employees to ibm in connection with a technology outsourcing agreement .the total number of full-time equivalent employees at december 31 , 2003 was 93453 compared with 94335 at the prior year-end .occupancy expense occupancy expense of $ 1.9 billion rose 19% ( 19 % ) from 2002 .the increase reflected costs of additional leased space in midtown manhattan and in the south and southwest regions of the united states ; higher real estate taxes in new york city ; and the cost of enhanced safety measures .also contributing to the increase were charges for unoccupied excess real estate of $ 270 million ; this compared with $ 120 million in 2002 , mostly in the third quarter of that year. .
|
in 2003 what was the percent of the total noninterest expense that was related to compensation
|
53.9%
|
{
"answer": "53.9%",
"decimal": 0.539,
"type": "percentage"
}
| |
table of contents totaled an absolute notional equivalent of $ 292.3 million and $ 190.5 million , respectively , with the year-over-year increase primarily driven by earnings growth .at this time , we do not hedge these long-term investment exposures .we do not use foreign exchange contracts for speculative trading purposes , nor do we hedge our foreign currency exposure in a manner that entirely offsets the effects of changes in foreign exchange rates .we regularly review our hedging program and assess the need to utilize financial instruments to hedge currency exposures on an ongoing basis .cash flow hedging 2014hedges of forecasted foreign currency revenue we may use foreign exchange purchased options or forward contracts to hedge foreign currency revenue denominated in euros , british pounds and japanese yen .we hedge these cash flow exposures to reduce the risk that our earnings and cash flows will be adversely affected by changes in exchange rates .these foreign exchange contracts , carried at fair value , may have maturities between one and twelve months .we enter into these foreign exchange contracts to hedge forecasted revenue in the normal course of business and accordingly , they are not speculative in nature .we record changes in the intrinsic value of these cash flow hedges in accumulated other comprehensive income ( loss ) until the forecasted transaction occurs .when the forecasted transaction occurs , we reclassify the related gain or loss on the cash flow hedge to revenue .in the event the underlying forecasted transaction does not occur , or it becomes probable that it will not occur , we reclassify the gain or loss on the related cash flow hedge from accumulated other comprehensive income ( loss ) to interest and other income , net on our consolidated statements of income at that time .for the fiscal year ended november 30 , 2018 , there were no net gains or losses recognized in other income relating to hedges of forecasted transactions that did not occur .balance sheet hedging 2014hedging of foreign currency assets and liabilities we hedge exposures related to our net recognized foreign currency assets and liabilities with foreign exchange forward contracts to reduce the risk that our earnings and cash flows will be adversely affected by changes in foreign currency exchange rates .these foreign exchange contracts are carried at fair value with changes in the fair value recorded as interest and other income , net .these foreign exchange contracts do not subject us to material balance sheet risk due to exchange rate movements because gains and losses on these contracts are intended to offset gains and losses on the assets and liabilities being hedged .at november 30 , 2018 , the outstanding balance sheet hedging derivatives had maturities of 180 days or less .see note 5 of our notes to consolidated financial statements for information regarding our hedging activities .interest rate risk short-term investments and fixed income securities at november 30 , 2018 , we had debt securities classified as short-term investments of $ 1.59 billion .changes in interest rates could adversely affect the market value of these investments .the following table separates these investments , based on stated maturities , to show the approximate exposure to interest rates ( in millions ) : .
[['due within one year', '$ 612.1'], ['due between one and two years', '564.2'], ['due between two and three years', '282.2'], ['due after three years', '127.7'], ['total', '$ 1586.2']]
a sensitivity analysis was performed on our investment portfolio as of november 30 , 2018 .the analysis is based on an estimate of the hypothetical changes in market value of the portfolio that would result from an immediate parallel shift in the yield curve of various magnitudes. .
|
what portion of the presented investments is due within 12 months?
|
38.6%
|
{
"answer": "38.6%",
"decimal": 0.386,
"type": "percentage"
}
| |
humana inc .notes to consolidated financial statements 2014 ( continued ) in any spe transactions .the adoption of fin 46 or fin 46-r did not have a material impact on our financial position , results of operations , or cash flows .in december 2004 , the fasb issued statement no .123r , share-based payment , or statement 123r , which requires companies to expense the fair value of employee stock options and other forms of stock-based compensation .this requirement represents a significant change because fixed-based stock option awards , a predominate form of stock compensation for us , were not recognized as compensation expense under apb 25 .statement 123r requires the cost of the award , as determined on the date of grant at fair value , be recognized over the period during which an employee is required to provide service in exchange for the award ( usually the vesting period ) .the grant-date fair value of the award will be estimated using option-pricing models .we are required to adopt statement 123r no later than july 1 , 2005 under one of three transition methods , including a prospective , retrospective and combination approach .we previously disclosed on page 67 the effect of expensing stock options under a fair value approach using the black-scholes pricing model for 2004 , 2003 and 2002 .we currently are evaluating all of the provisions of statement 123r and the expected effect on us including , among other items , reviewing compensation strategies related to stock-based awards , selecting an option pricing model and determining the transition method .in march 2004 , the fasb issued eitf issue no .03-1 , or eitf 03-1 , the meaning of other-than- temporary impairment and its application to certain investments .eitf 03-1 includes new guidance for evaluating and recording impairment losses on certain debt and equity investments when the fair value of the investment security is less than its carrying value .in september 2004 , the fasb delayed the previously scheduled third quarter 2004 effective date until the issuance of additional implementation guidance , expected in 2005 .upon issuance of a final standard , we will evaluate the impact on our consolidated financial position and results of operations .3 .acquisitions on february 16 , 2005 , we acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company .careplus provides medicare advantage hmo plans and benefits to medicare eligible members in miami-dade , broward and palm beach counties .this acquisition enhances our medicare market position in south florida .we paid approximately $ 450 million in cash including estimated transaction costs , subject to a balance sheet settlement process with a nine month claims run-out period .we currently are in the process of allocating the purchase price to the net tangible and intangible assets .on april 1 , 2004 , we acquired ochsner health plan , or ochsner , from the ochsner clinic foundation .ochsner is a louisiana health benefits company offering network-based managed care plans to employer-groups and medicare eligible members .this acquisition enabled us to enter a new market with significant market share which should facilitate new sales opportunities in this and surrounding markets , including houston , texas .we paid $ 157.1 million in cash , including transaction costs .the fair value of the tangible assets ( liabilities ) as of the acquisition date are as follows: .
[['', '( in thousands )'], ['cash and cash equivalents', '$ 15270'], ['investment securities', '84527'], ['premiums receivable and other current assets', '20616'], ['property and equipment and other assets', '6847'], ['medical and other expenses payable', '-71063 ( 71063 )'], ['other current liabilities', '-21604 ( 21604 )'], ['other liabilities', '-82 ( 82 )'], ['net tangible assets acquired', '$ 34511']]
.
|
what is the percentage of other current liabilities among the total liabilities?
|
23.30%
|
{
"answer": "23.30%",
"decimal": 0.233,
"type": "percentage"
}
|
it is the value of other current liabilities divided by the total liabilities .
|
marathon oil corporation notes to consolidated financial statements assumed health care cost trend rates have a significant effect on the amounts reported for defined benefit retiree health care plans .a one-percentage-point change in assumed health care cost trend rates would have the following effects : ( in millions ) 1-percentage- point increase 1-percentage- point decrease .
[['( in millions )', '1-percentage-point increase', '1-percentage-point decrease'], ['effect on total of service and interest cost components', '$ 9', '$ 7'], ['effect on other postretirement benefit obligations', '88', '72']]
plan investment policies and strategies the investment policies for our u.s .and international pension plan assets reflect the funded status of the plans and expectations regarding our future ability to make further contributions .long-term investment goals are to : ( 1 ) manage the assets in accordance with the legal requirements of all applicable laws ; ( 2 ) produce investment returns which meet or exceed the rates of return achievable in the capital markets while maintaining the risk parameters set by the plans 2019 investment committees and protecting the assets from any erosion of purchasing power ; and ( 3 ) position the portfolios with a long-term risk/return orientation .u.s .plans 2013 historical performance and future expectations suggest that common stocks will provide higher total investment returns than fixed income securities over a long-term investment horizon .short-term investments only reflect the liquidity requirements for making pension payments .as such , the plans 2019 targeted asset allocation is comprised of 75 percent equity securities and 25 percent fixed income securities .in the second quarter of 2009 , we exchanged the majority of our publicly-traded stocks and bonds for interests in pooled equity and fixed income investment funds from our outside manager , representing 58 percent and 20 percent of u.s .plan assets , respectively , as of december 31 , 2009 .these funds are managed with the same style and strategy as when the securities were held separately .each fund 2019s main objective is to provide investors with exposure to either a publicly-traded equity or fixed income portfolio comprised of both u.s .and non-u.s .securities .the equity fund holdings primarily consist of publicly-traded individually-held securities in various sectors of many industries .the fixed income fund holdings primarily consist of publicly-traded investment-grade bonds .the plans 2019 assets are managed by a third-party investment manager .the investment manager has limited discretion to move away from the target allocations based upon the manager 2019s judgment as to current confidence or concern regarding the capital markets .investments are diversified by industry and type , limited by grade and maturity .the plans 2019 investment policy prohibits investments in any securities in the steel industry and allows derivatives subject to strict guidelines , such that derivatives may only be written against equity securities in the portfolio .investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies .international plans 2013 our international plans 2019 target asset allocation is comprised of 70 percent equity securities and 30 percent fixed income securities .the plan assets are invested in six separate portfolios , mainly pooled fund vehicles , managed by several professional investment managers .investments are diversified by industry and type , limited by grade and maturity .the use of derivatives by the investment managers is permitted , subject to strict guidelines .the investment managers 2019 performance is measured independently by a third-party asset servicing consulting firm .overall , investment performance and risk is measured and monitored on an ongoing basis through quarterly investment portfolio reviews and periodic asset and liability studies .fair value measurements plan assets are measured at fair value .the definition and approaches to measuring fair value and the three levels of the fair value hierarchy are described in note 16 .the following provides a description of the valuation techniques employed for each major plan asset category at december 31 , 2009 and 2008 .cash and cash equivalents 2013 cash and cash equivalents include cash on deposit and an investment in a money market mutual fund that invests mainly in short-term instruments and cash , both of which are valued using a .
|
what would the effect on other postretirement benefit obligations be if there was a 2-percent point increase?
|
176
|
{
"answer": "176",
"decimal": 176,
"type": "float"
}
| |
debt maturities 2013 the following table presents aggregate debt maturities as of december 31 , 2011 , excluding market value adjustments : millions .
[['2012', '$ 309'], ['2013', '636'], ['2014', '706'], ['2015', '467'], ['2016', '517'], ['thereafter', '6271'], ['total debt', '$ 8906']]
as of both december 31 , 2011 and december 31 , 2010 , we have reclassified as long-term debt approximately $ 100 million of debt due within one year that we intend to refinance .this reclassification reflects our ability and intent to refinance any short-term borrowings and certain current maturities of long- term debt on a long-term basis .mortgaged properties 2013 equipment with a carrying value of approximately $ 2.9 billion and $ 3.2 billion at december 31 , 2011 and 2010 , respectively , served as collateral for capital leases and other types of equipment obligations in accordance with the secured financing arrangements utilized to acquire such railroad equipment .as a result of the merger of missouri pacific railroad company ( mprr ) with and into uprr on january 1 , 1997 , and pursuant to the underlying indentures for the mprr mortgage bonds , uprr must maintain the same value of assets after the merger in order to comply with the security requirements of the mortgage bonds .as of the merger date , the value of the mprr assets that secured the mortgage bonds was approximately $ 6.0 billion .in accordance with the terms of the indentures , this collateral value must be maintained during the entire term of the mortgage bonds irrespective of the outstanding balance of such bonds .credit facilities 2013 during the second quarter of 2011 , we replaced our $ 1.9 billion revolving credit facility , which was scheduled to expire in april 2012 , with a new $ 1.8 billion facility that expires in may 2015 ( the facility ) .the facility is based on substantially similar terms as those in the previous credit facility .on december 31 , 2011 , we had $ 1.8 billion of credit available under the facility , which is designated for general corporate purposes and supports the issuance of commercial paper .we did not draw on either facility during 2011 .commitment fees and interest rates payable under the facility are similar to fees and rates available to comparably rated , investment-grade borrowers .the facility allows for borrowings at floating rates based on london interbank offered rates , plus a spread , depending upon our senior unsecured debt ratings .the facility requires the corporation to maintain a debt-to-net-worth coverage ratio as a condition to making a borrowing .at december 31 , 2011 , and december 31 , 2010 ( and at all times during the year ) , we were in compliance with this covenant .the definition of debt used for purposes of calculating the debt-to-net-worth coverage ratio includes , among other things , certain credit arrangements , capital leases , guarantees and unfunded and vested pension benefits under title iv of erisa .at december 31 , 2011 , the debt-to-net-worth coverage ratio allowed us to carry up to $ 37.2 billion of debt ( as defined in the facility ) , and we had $ 9.5 billion of debt ( as defined in the facility ) outstanding at that date .under our current capital plans , we expect to continue to satisfy the debt-to-net-worth coverage ratio ; however , many factors beyond our reasonable control ( including the risk factors in item 1a of this report ) could affect our ability to comply with this provision in the future .the facility does not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require us to post collateral .the facility also includes a $ 75 million cross-default provision and a change-of-control provision .during 2011 , we did not issue or repay any commercial paper and , at december 31 , 2011 , we had no commercial paper outstanding .outstanding commercial paper balances are supported by our revolving credit facility but do not reduce the amount of borrowings available under the facility .dividend restrictions 2013 our revolving credit facility includes a debt-to-net worth covenant ( discussed in the credit facilities section above ) that , under certain circumstances , restricts the payment of cash .
|
what percent of debt is current as of 12/31/2011?
|
3.5%
|
{
"answer": "3.5%",
"decimal": 0.035,
"type": "percentage"
}
| |
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income decreased $ 305.7 million primarily due to the effect of the enactment of the tax cuts and jobs act , in december 2017 , which resulted in a decrease of $ 182.6 million in net income in 2017 , and the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense in 2016 .also contributing to the decrease in net income were higher other operation and maintenance expenses .the decrease was partially offset by higher net revenue and higher other income .see note 3 to the financial statements for discussion of the effects of the tax cuts and jobs act and the irs audit .2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense in 2016 .also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income .the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses .see note 3 to the financial statements for discussion of the irs audit .net revenue 2017 compared to 2016 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 2017 to 2016 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2016 net revenue', '$ 2438.4'], ['regulatory credit resulting from reduction of thefederal corporate income tax rate', '55.5'], ['retail electric price', '42.8'], ['louisiana act 55 financing savings obligation', '17.2'], ['volume/weather', '-12.4 ( 12.4 )'], ['other', '19.0'], ['2017 net revenue', '$ 2560.5']]
the regulatory credit resulting from reduction of the federal corporate income tax rate variance is due to the reduction of the vidalia purchased power agreement regulatory liability by $ 30.5 million and the reduction of the louisiana act 55 financing savings obligation regulatory liabilities by $ 25 million as a result of the enactment of the tax cuts and jobs act , in december 2017 , which lowered the federal corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) .the effects of the tax cuts and jobs act are discussed further in note 3 to the financial statements. .
|
in 2017 what was the percentage change in the net revenue
|
5%
|
{
"answer": "5%",
"decimal": 0.05,
"type": "percentage"
}
| |
december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
[['', 'december 312011', 'december 312012', 'december 312013', 'december 312014', 'december 312015', 'december 312016'], ['disca', '$ 100.00', '$ 154.94', '$ 220.70', '$ 168.17', '$ 130.24', '$ 133.81'], ['discb', '$ 100.00', '$ 150.40', '$ 217.35', '$ 175.04', '$ 127.80', '$ 137.83'], ['disck', '$ 100.00', '$ 155.17', '$ 222.44', '$ 178.89', '$ 133.79', '$ 142.07'], ['s&p 500', '$ 100.00', '$ 113.41', '$ 146.98', '$ 163.72', '$ 162.53', '$ 178.02'], ['peer group', '$ 100.00', '$ 134.98', '$ 220.77', '$ 253.19', '$ 243.93', '$ 271.11']]
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2017 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference .item 6 .selected financial data .the table set forth below presents our selected financial information for each of the past five years ( in millions , except per share amounts ) .the selected statement of operations information for each of the three years ended december 31 , 2016 and the selected balance sheet information as of december 31 , 2016 and 2015 have been derived from and should be read in conjunction with the information in item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations , 201d the audited consolidated financial statements included in item 8 , 201cfinancial statements and supplementary data , 201d and other financial information included elsewhere in this annual report on form 10-k .the selected statement of operations information for each of the two years ended december 31 , 2013 and 2012 and the selected balance sheet information as of december 31 , 2014 , 2013 and 2012 have been derived from financial statements not included in this annual report on form 10-k .2016 2015 2014 2013 2012 selected statement of operations information : revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 income from continuing operations , net of taxes 1218 1048 1137 1077 956 loss from discontinued operations , net of taxes 2014 2014 2014 2014 ( 11 ) net income 1218 1048 1137 1077 945 net income available to discovery communications , inc .1194 1034 1139 1075 943 basic earnings per share available to discovery communications , inc .series a , b and c common stockholders : continuing operations $ 1.97 $ 1.59 $ 1.67 $ 1.50 $ 1.27 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.97 1.59 1.67 1.50 1.25 diluted earnings per share available to discovery communications , inc .series a , b and c common stockholders : continuing operations $ 1.96 $ 1.58 $ 1.66 $ 1.49 $ 1.26 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.96 1.58 1.66 1.49 1.24 weighted average shares outstanding : basic 401 432 454 484 498 diluted 610 656 687 722 759 selected balance sheet information : cash and cash equivalents $ 300 $ 390 $ 367 $ 408 $ 1201 total assets 15758 15864 15970 14934 12892 long-term debt : current portion 82 119 1107 17 31 long-term portion 7841 7616 6002 6437 5174 total liabilities 10348 10172 9619 8701 6599 redeemable noncontrolling interests 243 241 747 36 2014 equity attributable to discovery communications , inc .5167 5451 5602 6196 6291 total equity $ 5167 $ 5451 $ 5604 $ 6197 $ 6293 2022 income per share amounts may not sum since each is calculated independently .2022 on september 30 , 2016 , the company recorded an other-than-temporary impairment of $ 62 million related to its investment in lionsgate .on december 2 , 2016 , the company acquired a 39% ( 39 % ) minority interest in group nine media , a newly formed media holding company , in exchange for contributions of $ 100 million and the company's digital network businesses seeker and sourcefed , resulting in a gain of $ 50 million upon deconsolidation of the businesses .( see note 4 to the accompanying consolidated financial statements. ) .
|
what would the company's 2016 net income be in millions without the impairment related to its investment in lionsgate?
|
1280
|
{
"answer": "1280",
"decimal": 1280,
"type": "float"
}
| |
31mar201122064257 positions which were required to be capitalized .there are no positions which we anticipate could change materially within the next twelve months .liquidity and capital resources .
[['( dollars in thousands )', 'fiscal years ended october 1 2010', 'fiscal years ended october 2 2009', 'fiscal years ended october 3 2008'], ['cash and cash equivalents at beginning of period', '$ 364221', '$ 225104', '$ 241577'], ['net cash provided by operating activities', '222962', '218805', '182673'], ['net cash used in investing activities', '-95329 ( 95329 )', '-49528 ( 49528 )', '-94959 ( 94959 )'], ['net cash used in financing activities', '-38597 ( 38597 )', '-30160 ( 30160 )', '-104187 ( 104187 )'], ['cash and cash equivalents at end of period ( 1 )', '$ 453257', '$ 364221', '$ 225104']]
( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities .for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 .during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 .despite the increase in net income , net cash provided by operating activities remained relatively consistent .this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 .2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity .compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively .cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions .we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 .the increase is primarily due to an increase of $ 49.8 million in capital expenditures .we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate .cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity .during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 .during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument .2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 .skyworks / 2010 annual report 103 .
|
in 2009 what was the percentage change in the liquidity and capital resources
|
61.8%
|
{
"answer": "61.8%",
"decimal": 0.618,
"type": "percentage"
}
| |
entergy mississippi , inc .management's financial discussion and analysis the net wholesale revenue variance is primarily due to lower profit on joint account sales and reduced capacity revenue from the municipal energy agency of mississippi .gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to an increase of $ 152.5 million in fuel cost recovery revenues due to higher fuel rates , partially offset by a decrease of $ 43 million in gross wholesale revenues due to a decrease in net generation and purchases in excess of decreased net area demand resulting in less energy available for resale sales coupled with a decrease in system agreement remedy receipts .fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by decreased demand and decreased recovery from customers of deferred fuel costs .other regulatory charges increased primarily due to increased recovery through the grand gulf rider of grand gulf capacity costs due to higher rates and increased recovery of costs associated with the power management recovery rider .there is no material effect on net income due to quarterly adjustments to the power management recovery rider .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', '$ 466.1'], ['base revenue', '7.9'], ['volume/weather', '4.5'], ['transmission revenue', '4.1'], ['transmission equalization', '4.0'], ['reserve equalization', '3.8'], ['attala costs', '-10.2 ( 10.2 )'], ['other', '6.7'], ['2007 net revenue', '$ 486.9']]
the base revenue variance is primarily due to a formula rate plan increase effective july 2007 .the formula rate plan filing is discussed further in "state and local rate regulation" below .the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , including the effect of more favorable weather on billed electric sales in 2007 compared to 2006 .billed electricity usage increased 214 gwh .the increase in usage was partially offset by decreased usage in the industrial sector .the transmission revenue variance is due to higher rates and the addition of new transmission customers in late 2006 .the transmission equalization variance is primarily due to a revision made in 2006 of transmission equalization receipts among entergy companies .the reserve equalization variance is primarily due to a revision in 2006 of reserve equalization payments among entergy companies due to a ferc ruling regarding the inclusion of interruptible loads in reserve .
|
what is the percentage change in net revenue in 2007 compare to 2006?
|
4.5%
|
{
"answer": "4.5%",
"decimal": 0.045,
"type": "percentage"
}
| |
schedule iii page 6 of 6 host hotels & resorts , inc. , and subsidiaries host hotels & resorts , l.p. , and subsidiaries real estate and accumulated depreciation december 31 , 2017 ( in millions ) ( b ) the change in accumulated depreciation and amortization of real estate assets for the fiscal years ended december 31 , 2017 , 2016 and 2015 is as follows: .
[['balance at december 31 2014', '$ 5283'], ['depreciation and amortization', '558'], ['dispositions and other', '-148 ( 148 )'], ['depreciation on assets held for sale', '-27 ( 27 )'], ['balance at december 31 2015', '5666'], ['depreciation and amortization', '572'], ['dispositions and other', '-159 ( 159 )'], ['depreciation on assets held for sale', '-130 ( 130 )'], ['balance at december 31 2016', '5949'], ['depreciation and amortization', '563'], ['dispositions and other', '-247 ( 247 )'], ['depreciation on assets held for sale', '7'], ['balance at december 31 2017', '$ 6272']]
( c ) the aggregate cost of real estate for federal income tax purposes is approximately $ 10698 million at december 31 , 2017 .( d ) the total cost of properties excludes construction-in-progress properties. .
|
what was the net change in millions in the accumulated depreciation and amortization of real estate assets from 2014 to 2015?
|
383
|
{
"answer": "383",
"decimal": 383,
"type": "float"
}
| |
general market conditions affecting trust asset performance , future discount rates based on average yields of high quality corporate bonds and our decisions regarding certain elective provisions of the we currently project that we will make total u.s .and foreign benefit plan contributions in 2014 of approximately $ 57 million .actual 2014 contributions could be different from our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities , future changes in government requirements , trust asset performance , renewals of union contracts , or higher-than-expected health care claims cost experience .we measure cash flow as net cash provided by operating activities reduced by expenditures for property additions .we use this non-gaap financial measure of cash flow to focus management and investors on the amount of cash available for debt repayment , dividend distributions , acquisition opportunities , and share repurchases .our cash flow metric is reconciled to the most comparable gaap measure , as follows: .
[['( dollars in millions )', '2013', '2012', '2011'], ['net cash provided by operating activities', '$ 1807', '$ 1758', '$ 1595'], ['additions to properties', '-637 ( 637 )', '-533 ( 533 )', '-594 ( 594 )'], ['cash flow', '$ 1170', '$ 1225', '$ 1001'], ['year-over-year change', '( 4.5 ) % ( % )', '22.4% ( 22.4 % )', '']]
year-over-year change ( 4.5 ) % ( % ) 22.4% ( 22.4 % ) the decrease in cash flow ( as defined ) in 2013 compared to 2012 was due primarily to higher capital expenditures .the increase in cash flow in 2012 compared to 2011 was driven by improved performance in working capital resulting from the one-time benefit derived from the pringles acquisition , as well as changes in the level of capital expenditures during the three-year period .investing activities our net cash used in investing activities for 2013 amounted to $ 641 million , a decrease of $ 2604 million compared with 2012 primarily attributable to the $ 2668 million acquisition of pringles in 2012 .capital spending in 2013 included investments in our supply chain infrastructure , and to support capacity requirements in certain markets , including pringles .in addition , we continued the investment in our information technology infrastructure related to the reimplementation and upgrade of our sap platform .net cash used in investing activities of $ 3245 million in 2012 increased by $ 2658 million compared with 2011 , due to the acquisition of pringles in 2012 .cash paid for additions to properties as a percentage of net sales has increased to 4.3% ( 4.3 % ) in 2013 , from 3.8% ( 3.8 % ) in 2012 , which was a decrease from 4.5% ( 4.5 % ) in financing activities our net cash used by financing activities was $ 1141 million for 2013 , compared to net cash provided by financing activities of $ 1317 million for 2012 and net cash used in financing activities of $ 957 million for 2011 .the increase in cash provided from financing activities in 2012 compared to 2013 and 2011 , was primarily due to the issuance of debt related to the acquisition of pringles .total debt was $ 7.4 billion at year-end 2013 and $ 7.9 billion at year-end 2012 .in february 2013 , we issued $ 250 million of two-year floating-rate u.s .dollar notes , and $ 400 million of ten-year 2.75% ( 2.75 % ) u.s .dollar notes , resulting in aggregate net proceeds after debt discount of $ 645 million .the proceeds from these notes were used for general corporate purposes , including , together with cash on hand , repayment of the $ 750 million aggregate principal amount of our 4.25% ( 4.25 % ) u.s .dollar notes due march 2013 .in may 2012 , we issued $ 350 million of three-year 1.125% ( 1.125 % ) u.s .dollar notes , $ 400 million of five-year 1.75% ( 1.75 % ) u.s .dollar notes and $ 700 million of ten-year 3.125% ( 3.125 % ) u.s .dollar notes , resulting in aggregate net proceeds after debt discount of $ 1.442 billion .the proceeds of these notes were used for general corporate purposes , including financing a portion of the acquisition of pringles .in may 2012 , we issued cdn .$ 300 million of two-year 2.10% ( 2.10 % ) fixed rate canadian dollar notes , using the proceeds from these notes for general corporate purposes , which included repayment of intercompany debt .this repayment resulted in cash available to be used for a portion of the acquisition of pringles .in december 2012 , we repaid $ 750 million five-year 5.125% ( 5.125 % ) u.s .dollar notes at maturity with commercial paper .in april 2011 , we repaid $ 945 million ten-year 6.60% ( 6.60 % ) u.s .dollar notes at maturity with commercial paper .in may 2011 , we issued $ 400 million of seven-year 3.25% ( 3.25 % ) fixed rate u.s .dollar notes , using the proceeds of $ 397 million for general corporate purposes and repayment of commercial paper .in november 2011 , we issued $ 500 million of five-year 1.875% ( 1.875 % ) fixed rate u .s .dollar notes , using the proceeds of $ 498 million for general corporate purposes and repayment of commercial paper. .
|
what was the net cash used by investing activities in 2011 in millions
|
587
|
{
"answer": "587",
"decimal": 587,
"type": "float"
}
| |
notes to consolidated financial statements jpmorgan chase & co./2009 annual report 204 on the amount of interest income recognized in the firm 2019s consolidated statements of income since that date .( b ) other changes in expected cash flows include the net impact of changes in esti- mated prepayments and reclassifications to the nonaccretable difference .on a quarterly basis , the firm updates the amount of loan principal and interest cash flows expected to be collected , incorporating assumptions regarding default rates , loss severities , the amounts and timing of prepayments and other factors that are reflective of current market conditions .probable decreases in expected loan principal cash flows trigger the recognition of impairment , which is then measured as the present value of the expected principal loss plus any related foregone interest cash flows discounted at the pool 2019s effective interest rate .impairments that occur after the acquisition date are recognized through the provision and allow- ance for loan losses .probable and significant increases in expected principal cash flows would first reverse any previously recorded allowance for loan losses ; any remaining increases are recognized prospectively as interest income .the impacts of ( i ) prepayments , ( ii ) changes in variable interest rates , and ( iii ) any other changes in the timing of expected cash flows are recognized prospectively as adjustments to interest income .disposals of loans , which may include sales of loans , receipt of payments in full by the borrower , or foreclosure , result in removal of the loan from the purchased credit-impaired portfolio .if the timing and/or amounts of expected cash flows on these purchased credit-impaired loans were determined not to be rea- sonably estimable , no interest would be accreted and the loans would be reported as nonperforming loans ; however , since the timing and amounts of expected cash flows for these purchased credit-impaired loans are reasonably estimable , interest is being accreted and the loans are being reported as performing loans .charge-offs are not recorded on purchased credit-impaired loans until actual losses exceed the estimated losses that were recorded as purchase accounting adjustments at acquisition date .to date , no charge-offs have been recorded for these loans .purchased credit-impaired loans acquired in the washington mu- tual transaction are reported in loans on the firm 2019s consolidated balance sheets .in 2009 , an allowance for loan losses of $ 1.6 billion was recorded for the prime mortgage and option arm pools of loans .the net aggregate carrying amount of the pools that have an allowance for loan losses was $ 47.2 billion at december 31 , 2009 .this allowance for loan losses is reported as a reduction of the carrying amount of the loans in the table below .the table below provides additional information about these pur- chased credit-impaired consumer loans. .
[['december 31 ( in millions )', '2009', '2008'], ['outstanding balance ( a )', '$ 103369', '$ 118180'], ['carrying amount', '79664', '88813']]
( a ) represents the sum of contractual principal , interest and fees earned at the reporting date .purchased credit-impaired loans are also being modified under the mha programs and the firm 2019s other loss mitigation programs .for these loans , the impact of the modification is incorporated into the firm 2019s quarterly assessment of whether a probable and/or signifi- cant change in estimated future cash flows has occurred , and the loans continue to be accounted for as and reported as purchased credit-impaired loans .foreclosed property the firm acquires property from borrowers through loan restructur- ings , workouts , and foreclosures , which is recorded in other assets on the consolidated balance sheets .property acquired may include real property ( e.g. , land , buildings , and fixtures ) and commercial and personal property ( e.g. , aircraft , railcars , and ships ) .acquired property is valued at fair value less costs to sell at acquisition .each quarter the fair value of the acquired property is reviewed and adjusted , if necessary .any adjustments to fair value in the first 90 days are charged to the allowance for loan losses and thereafter adjustments are charged/credited to noninterest revenue 2013other .operating expense , such as real estate taxes and maintenance , are charged to other expense .note 14 2013 allowance for credit losses the allowance for loan losses includes an asset-specific component , a formula-based component and a component related to purchased credit-impaired loans .the asset-specific component relates to loans considered to be impaired , which includes any loans that have been modified in a troubled debt restructuring as well as risk-rated loans that have been placed on nonaccrual status .an asset-specific allowance for impaired loans is established when the loan 2019s discounted cash flows ( or , when available , the loan 2019s observable market price ) is lower than the recorded investment in the loan .to compute the asset-specific component of the allowance , larger loans are evaluated individually , while smaller loans are evaluated as pools using historical loss experience for the respective class of assets .risk-rated loans ( primarily wholesale loans ) are pooled by risk rating , while scored loans ( i.e. , consumer loans ) are pooled by product type .the firm generally measures the asset-specific allowance as the difference between the recorded investment in the loan and the present value of the cash flows expected to be collected , dis- counted at the loan 2019s original effective interest rate .subsequent changes in measured impairment due to the impact of discounting are reported as an adjustment to the provision for loan losses , not as an adjustment to interest income .an asset-specific allowance for an impaired loan with an observable market price is measured as the difference between the recorded investment in the loan and the loan 2019s fair value .certain impaired loans that are determined to be collateral- dependent are charged-off to the fair value of the collateral less costs to sell .when collateral-dependent commercial real-estate loans are determined to be impaired , updated appraisals are typi- cally obtained and updated every six to twelve months .the firm also considers both borrower- and market-specific factors , which .
|
for 2009 , what was the net reserve allowance on the prime mortgage and option arm pools of loans , in millions?\\n
|
23705
|
{
"answer": "23705",
"decimal": 23705,
"type": "float"
}
| |
management believes it is important for interna- tional paper to maintain an investment-grade credit rat- ing to facilitate access to capital markets on favorable terms .at december 31 , 2005 , the company held long- term credit ratings of bbb ( negative outlook ) and baa3 ( stable outlook ) from standard & poor 2019s and moody 2019s investor services , respectively .cash provided by operations cash provided by continuing operations totaled $ 1.5 billion for 2005 , compared with $ 2.1 billion in 2004 and $ 1.5 billion in 2003 .the major components of cash provided by continuing operations are earnings from continuing operations adjusted for non-cash in- come and expense items and changes in working capital .earnings from continuing operations adjusted for non-cash items declined by $ 83 million in 2005 versus 2004 .this compared with an increase of $ 612 million for 2004 over 2003 .working capital , representing international paper 2019s investments in accounts receivable and inventory less accounts payable and accrued liabilities , was $ 2.6 billion at december 31 , 2005 .cash used for working capital components increased by $ 591 million in 2005 , com- pared with a $ 86 million increase in 2004 and an $ 11 million increase in 2003 .the increase in 2005 was principally due to a decline in accrued liabilities at de- cember 31 , 2005 .investment activities capital spending from continuing operations was $ 1.2 billion in 2005 , or 84% ( 84 % ) of depreciation and amor- tization , comparable to the $ 1.2 billion , or 87% ( 87 % ) of depreciation and amortization in 2004 , and $ 1.0 billion , or 74% ( 74 % ) of depreciation and amortization in 2003 .the following table presents capital spending from continuing operations by each of our business segments for the years ended december 31 , 2005 , 2004 and 2003 .in millions 2005 2004 2003 .
[['in millions', '2005', '2004', '2003'], ['printing papers', '$ 658', '$ 590', '$ 482'], ['industrial packaging', '187', '179', '165'], ['consumer packaging', '131', '205', '128'], ['distribution', '9', '5', '12'], ['forest products', '121', '126', '121'], ['specialty businesses and other', '31', '39', '31'], ['subtotal', '1137', '1144', '939'], ['corporate and other', '18', '32', '54'], ['total from continuing operations', '$ 1155', '$ 1176', '$ 993']]
we expect capital expenditures in 2006 to be about $ 1.2 billion , or about 80% ( 80 % ) of depreciation and amor- tization .we will continue to focus our future capital spending on improving our key platform businesses in north america and on investments in geographic areas with strong growth opportunities .acquisitions in october 2005 , international paper acquired ap- proximately 65% ( 65 % ) of compagnie marocaine des cartons et des papiers ( cmcp ) , a leading moroccan corrugated packaging company , for approximately $ 80 million in cash plus assumed debt of approximately $ 40 million .in august 2005 , pursuant to an existing agreement , international paper purchased a 50% ( 50 % ) third-party interest in ippm ( subsequently renamed international paper distribution limited ) for $ 46 million to facilitate possi- ble further growth in asian markets .in 2001 , interna- tional paper had acquired a 25% ( 25 % ) interest in this business .the accompanying consolidated balance sheet as of december 31 , 2005 includes preliminary estimates of the fair values of the assets and liabilities acquired , including approximately $ 50 million of goodwill .in july 2004 , international paper acquired box usa holdings , inc .( box usa ) for approximately $ 400 million , including the assumption of approximately $ 197 million of debt , of which approximately $ 193 mil- lion was repaid by july 31 , 2004 .each of the above acquisitions was accounted for using the purchase method .the operating results of these acquisitions have been included in the con- solidated statement of operations from the dates of ac- quisition .financing activities 2005 : financing activities during 2005 included debt issuances of $ 1.0 billion and retirements of $ 2.7 billion , for a net debt and preferred securities reduction of $ 1.7 billion .in november and december 2005 , international paper investments ( luxembourg ) s.ar.l. , a wholly- owned subsidiary of international paper , issued $ 700 million of long-term debt with an initial interest rate of libor plus 40 basis points that can vary depending upon the credit rating of the company , and a maturity date in november 2010 .additionally , the subsidiary borrowed $ 70 million under a bank credit agreement with an initial interest rate of libor plus 40 basis points that can vary depending upon the credit rating of the company , and a maturity date in november 2006 .in december 2005 , international paper used pro- ceeds from the above borrowings , and from the sale of chh in the third quarter of 2005 , to repay approx- imately $ 190 million of notes with coupon rates ranging from 3.8% ( 3.8 % ) to 10% ( 10 % ) and original maturities from 2008 to 2029 .the remaining proceeds from the borrowings and the chh sale will be used for further debt reductions in the first quarter of 2006. .
|
what percentage of capital spending from continuing operations was from the printing papers segment in 2005?
|
57%
|
{
"answer": "57%",
"decimal": 0.57,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the company has selected december 1 as the date to perform its annual impairment test .in performing its 2005 and 2004 testing , the company completed an internal appraisal and estimated the fair value of the rental and management reporting unit that contains goodwill utilizing future discounted cash flows and market information .based on the appraisals performed , the company determined that goodwill in its rental and management segment was not impaired .the company 2019s other intangible assets subject to amortization consist of the following as of december 31 , ( in thousands ) : .
[['', '2005', '2004'], ['acquired customer base and network location intangibles', '$ 2606546', '$ 1369607'], ['deferred financing costs', '65623', '89736'], ['acquired licenses and other intangibles', '51703', '43404'], ['total', '2723872', '1502747'], ['less accumulated amortization', '-646560 ( 646560 )', '-517444 ( 517444 )'], ['other intangible assets net', '$ 2077312', '$ 985303']]
the company amortizes its intangible assets over periods ranging from three to fifteen years .amortization of intangible assets for the years ended december 31 , 2005 and 2004 aggregated approximately $ 136.0 million and $ 97.8 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .the company expects to record amortization expense of approximately $ 183.6 million , $ 178.3 million , $ 174.4 million , $ 172.7 million and $ 170.3 million , for the years ended december 31 , 2006 , 2007 , 2008 , 2009 and 2010 , respectively .these amounts are subject to changes in estimates until the preliminary allocation of the spectrasite purchase price is finalized .6 .notes receivable in 2000 , the company loaned tv azteca , s.a .de c.v .( tv azteca ) , the owner of a major national television network in mexico , $ 119.8 million .the loan , which initially bore interest at 12.87% ( 12.87 % ) , payable quarterly , was discounted by the company , as the fair value interest rate at the date of the loan was determined to be 14.25% ( 14.25 % ) .the loan was amended effective january 1 , 2003 to increase the original interest rate to 13.11% ( 13.11 % ) .as of december 31 , 2005 and 2004 , approximately $ 119.8 million undiscounted ( $ 108.2 million discounted ) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets .the term of the loan is seventy years ; however , the loan may be prepaid by tv azteca without penalty during the last fifty years of the agreement .the discount on the loan is being amortized to interest income 2014tv azteca , net , using the effective interest method over the seventy-year term of the loan .simultaneous with the signing of the loan agreement , the company also entered into a seventy year economic rights agreement with tv azteca regarding space not used by tv azteca on approximately 190 of its broadcast towers .in exchange for the issuance of the below market interest rate loan discussed above and the annual payment of $ 1.5 million to tv azteca ( under the economic rights agreement ) , the company has the right to market and lease the unused tower space on the broadcast towers ( the economic rights ) .tv azteca retains title to these towers and is responsible for their operation and maintenance .the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants. .
|
what was the percentage of the increase in the customer intangible asset from 2004 to 2005
|
81.3%
|
{
"answer": "81.3%",
"decimal": 0.813,
"type": "percentage"
}
| |
part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our class a common stock has been listed on the new york stock exchange under the symbol 201cv 201d since march 19 , 2008 .at november 8 , 2019 , we had 348 stockholders of record of our class a common stock .the number of beneficial owners is substantially greater than the number of record holders , because a large portion of our class a common stock is held in 201cstreet name 201d by banks and brokers .there is currently no established public trading market for our class b or c common stock .there were 1397 and 509 holders of record of our class b and c common stock , respectively , as of november 8 , 2019 .on october 22 , 2019 , our board of directors declared a quarterly cash dividend of $ 0.30 per share of class a common stock ( determined in the case of class b and c common stock and series b and c preferred stock on an as-converted basis ) payable on december 3 , 2019 , to holders of record as of november 15 , 2019 of our common and preferred stock .subject to legally available funds , we expect to continue paying quarterly cash dividends on our outstanding common and preferred stock in the future .however , the declaration and payment of future dividends is at the sole discretion of our board of directors after taking into account various factors , including our financial condition , settlement indemnifications , operating results , available cash and current and anticipated cash needs .issuer purchases of equity securities the table below sets forth our purchases of common stock during the quarter ended september 30 , 2019 .period total number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) ( 2 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( 2 ) .
[['period', 'total number ofshares purchased', 'average price paidper share', 'total number ofshares purchasedas part of publiclyannounced plans orprograms ( 1 ) ( 2 )', 'approximatedollar valueof shares thatmay yet bepurchased under the plans orprograms ( 1 ) ( 2 )'], ['july 1-31 2019', '3680103', '$ 179.32', '3680103', '$ 5502430029'], ['august 1-31 2019', '4064795', '$ 176.17', '4064795', '$ 4786268909'], ['september 1-30 2019', '4479497', '$ 176.61', '4479497', '$ 3995051745'], ['total', '12224395', '$ 177.28', '12224395', '']]
( 1 ) the figures in the table reflect transactions according to the trade dates .for purposes of our consolidated financial statements included in this form 10-k , the impact of these repurchases is recorded according to the settlement dates .( 2 ) our board of directors from time to time authorizes the repurchase of shares of our common stock up to a certain monetary limit .in january 2019 , our board of directors authorized a share repurchase program for $ 8.5 billion .this authorization has no expiration date .all share repurchase programs authorized prior to january 2019 have been completed. .
|
for the quarter ended september 302013 what was the percent of the total number of shares purchased in august
|
33.3%
|
{
"answer": "33.3%",
"decimal": 0.33299999999999996,
"type": "percentage"
}
| |
liquidity and capital resources as of december 31 , 2011 , our principal sources of liquidity included cash , cash equivalents , our receivables securitization facility , and our revolving credit facility , as well as the availability of commercial paper and other sources of financing through the capital markets .we had $ 1.8 billion of committed credit available under our credit facility , with no borrowings outstanding as of december 31 , 2011 .we did not make any borrowings under this facility during 2011 .the value of the outstanding undivided interest held by investors under the receivables securitization facility was $ 100 million as of december 31 , 2011 , and is included in our consolidated statements of financial position as debt due after one year .the receivables securitization facility obligates us to maintain an investment grade bond rating .if our bond rating were to deteriorate , it could have an adverse impact on our liquidity .access to commercial paper as well as other capital market financings is dependent on market conditions .deterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to access capital markets as a source of liquidity .access to liquidity through the capital markets is also dependent on our financial stability .we expect that we will continue to have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets .at december 31 , 2011 and 2010 , we had a working capital surplus .this reflects a strong cash position , which provides enhanced liquidity in an uncertain economic environment .in addition , we believe we have adequate access to capital markets to meet cash requirements , and we have sufficient financial capacity to satisfy our current liabilities .cash flows millions 2011 2010 2009 .
[['cash flowsmillions', '2011', '2010', '2009'], ['cash provided by operating activities', '$ 5873', '$ 4105', '$ 3204'], ['cash used in investing activities', '-3119 ( 3119 )', '-2488 ( 2488 )', '-2145 ( 2145 )'], ['cash used in financing activities', '-2623 ( 2623 )', '-2381 ( 2381 )', '-458 ( 458 )'], ['net change in cash and cashequivalents', '$ 131', '$ -764 ( 764 )', '$ 601']]
operating activities higher net income and lower cash income tax payments in 2011 increased cash provided by operating activities compared to 2010 .the tax relief , unemployment insurance reauthorization , and job creation act of 2010 , enacted in december 2010 , provided for 100% ( 100 % ) bonus depreciation for qualified investments made during 2011 , and 50% ( 50 % ) bonus depreciation for qualified investments made during 2012 .as a result of the act , the company deferred a substantial portion of its 2011 income tax expense .this deferral decreased 2011 income tax payments , thereby contributing to the positive operating cash flow .in future years , however , additional cash will be used to pay income taxes that were previously deferred .in addition , the adoption of a new accounting standard in january of 2010 changed the accounting treatment for our receivables securitization facility from a sale of undivided interests ( recorded as an operating activity ) to a secured borrowing ( recorded as a financing activity ) , which decreased cash provided by operating activities by $ 400 million in 2010 .higher net income in 2010 increased cash provided by operating activities compared to 2009 .investing activities higher capital investments partially offset by higher proceeds from asset sales in 2011 drove the increase in cash used in investing activities compared to 2010 .higher capital investments and lower proceeds from asset sales in 2010 drove the increase in cash used in investing activities compared to 2009. .
|
what would operating cash flow have been in 2010 without the changed accounting standards for the receivables securitization facility , in us$ million?
|
4505
|
{
"answer": "4505",
"decimal": 4505,
"type": "float"
}
| |
part i berths at the end of 2011 .there are approximately 10 ships with an estimated 34000 berths that are expected to be placed in service in the north american cruise market between 2012 and 2016 .europe in europe , cruising represents a smaller but growing sector of the vacation industry .it has experienced a compound annual growth rate in cruise guests of approximately 9.6% ( 9.6 % ) from 2007 to 2011 and we believe this market has significant continued growth poten- tial .we estimate that europe was served by 104 ships with approximately 100000 berths at the beginning of 2007 and by 121 ships with approximately 155000 berths at the end of 2011 .there are approximately 10 ships with an estimated 28000 berths that are expected to be placed in service in the european cruise market between 2012 and 2016 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests ( 3 ) weighted-average supply of berths marketed in europe ( 1 ) .
[['year', 'global cruiseguests ( 1 )', 'weighted-averagesupplyofberthsmarketedglobally ( 1 )', 'northamericancruiseguests ( 2 )', 'weighted-average supply ofberths marketedin northamerica ( 1 )', 'europeancruiseguests', 'weighted-averagesupply ofberthsmarketed ineurope ( 1 )'], ['2007', '16586000', '327000', '10247000', '212000', '4080000', '105000'], ['2008', '17184000', '347000', '10093000', '219000', '4500000', '120000'], ['2009', '17340000', '363000', '10198000', '222000', '5000000', '131000'], ['2010', '18800000', '391000', '10781000', '232000', '5540000', '143000'], ['2011', '20227000', '412000', '11625000', '245000', '5894000', '149000']]
( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2007 through 2010 .year 2011 amounts represent our estimates ( see number 1 above ) .( 3 ) source : european cruise council for years 2007 through 2010 .year 2011 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .we compete with a number of cruise lines ; however , our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consum- ers 2019 leisure time .demand for such activities is influ- enced by political and general economic conditions .companies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : and employees and protect the environment in which our vessels and organization operate , to better serve our global guest base and grow our business , order to enhance our revenues while continuing to expand and diversify our guest mix through interna- tional guest sourcing , and ensure adequate cash and liquidity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , our brands throughout the world , revitalization of existing ships and the transfer of key innovations across each brand , while expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , support ongoing operations and initiatives , and the principal industry distribution channel , while enhancing our consumer outreach programs. .
|
what was the percentage increase in the global guests from 2007 to 2011
|
21.95%
|
{
"answer": "21.95%",
"decimal": 0.2195,
"type": "percentage"
}
| |
reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position .foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years .years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) .our tax returns are currently under examination in various foreign jurisdictions .the most significant foreign tax jurisdiction under examination is the united kingdom .it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position .13 .capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 .the numerator for both basic and diluted earnings per share is net earnings available to common stockholders .the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period .the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards .the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : .
[['', '2008', '2007', '2006'], ['weighted average shares outstanding for basic net earnings per share', '227.3', '235.5', '243.0'], ['effect of dilutive stock options and other equity awards', '1.0', '2.0', '2.4'], ['weighted average shares outstanding for diluted net earnings per share', '228.3', '237.5', '245.4']]
weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock .for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included .during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions .in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 .approximately $ 1.13 billion remains authorized under this plan .14 .segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation .we also provide other healthcare-related services .revenue related to these services currently represents less than 1 percent of our total net sales .we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets .this structure is the basis for our reportable segment information discussed below .management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense .global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s .and puerto rico-based manufacturing operations and logistics .intercompany transactions have been eliminated from segment operating profit .management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets .z i m m e r h o l d i n g s , i n c .2 0 0 8 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 : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .
|
% ( % ) change of the dilutive effect from 2006-2008
|
-58.33%
|
{
"answer": "-58.33%",
"decimal": -0.5832999999999999,
"type": "percentage"
}
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.