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CONVFINQA433	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2016 to december 31 , 2016 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 . <table class='wikitable'><tr><td>1</td><td>-</td><td>total number ofshares ( or units ) purchased1</td><td>average price paidper share ( or unit ) 2</td><td>total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3</td><td>maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3</td></tr><tr><td>2</td><td>october 1 - 31</td><td>2099169</td><td>$ 22.28</td><td>2099169</td><td>$ 218620420</td></tr><tr><td>3</td><td>november 1 - 30</td><td>1454402</td><td>$ 22.79</td><td>1453049</td><td>$ 185500851</td></tr><tr><td>4</td><td>december 1 - 31</td><td>1269449</td><td>$ 23.93</td><td>1258700</td><td>$ 155371301</td></tr><tr><td>5</td><td>total</td><td>4823020</td><td>$ 22.87</td><td>4810918</td><td>-</td></tr></table> 1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased no withheld shares in october 2016 , 1353 withheld shares in november 2016 and 10749 withheld shares in december 2016 , for a total of 12102 withheld shares during the three-month period . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program . 3 in february 2016 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2016 share repurchase program 201d ) . on february 10 , 2017 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock . the new authorization is in addition to any amounts remaining for repurchase under the 2016 share repurchase program . there is no expiration date associated with the share repurchase programs. .\nQuestion: what were the total number of shares purchased?\nAnswer: 4823020.0\nQuestion: what was the average price paid per share?\nAnswer: 22.87\nQuestion: what is the product of shares by price per share?\nAnswer: 110302467.4\nQuestion: what is that value simplified?\n" }, { "role": "agent", "content": "110.30247" } ]
CONVFINQA10843	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nimpairment of long-lived assets based on the projection of undiscounted cash flows whenever events or changes in circumstances indicate that the carrying amounts of such assets may not be recoverable . in the event such cash flows are not expected to be sufficient to recover the recorded value of the assets , the assets are written down to their estimated fair values ( see note 5 ) . asset retirement obligations 2014effective january 1 , 2003 , the company adopted statement of financial accounting standards ( 2018 2018sfas 2019 2019 ) no . 143 , 2018 2018accounting for asset retirement obligations . 2019 2019 sfas no . 143 requires the company to record the fair value of a legal liability for an asset retirement obligation in the period in which it is incurred . when a new liability is recorded the company will capitalize the costs of the liability by increasing the carrying amount of the related long-lived asset . the liability is accreted to its present value each period and the capitalized cost is depreciated over the useful life of the related asset . upon settlement of the liability , the company settles the obligation for its recorded amount or incurs a gain or loss upon settlement . the company 2019s retirement obligations covered by sfas no . 143 include primarily active ash landfills , water treatment basins and the removal or dismantlement of certain plant and equipment . as of december 31 , 2003 and 2002 , the company had recorded liabilities of approximately $ 29 million and $ 15 million , respectively , related to asset retirement obligations . there are no assets that are legally restricted for purposes of settling asset retirement obligations . upon adoption of sfas no . 143 , the company recorded an additional liability of approximately $ 13 million , a net asset of approximately $ 9 million , and a cumulative effect of a change in accounting principle of approximately $ 2 million , after income taxes . amounts recorded related to asset retirement obligations during the years ended december 31 , 2003 were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>balance at december 31 2002</td><td>$ 15</td></tr><tr><td>2</td><td>additional liability recorded from cumulative effect of accounting change</td><td>13</td></tr><tr><td>3</td><td>accretion expense</td><td>2</td></tr><tr><td>4</td><td>change in the timing of estimated cash flows</td><td>-1 ( 1 )</td></tr><tr><td>5</td><td>balance at december 31 2003</td><td>$ 29</td></tr></table> proforma net ( loss ) income and ( loss ) earnings per share have not been presented for the years ended december 31 , 2002 and 2001 because the proforma application of sfas no . 143 to prior periods would result in proforma net ( loss ) income and ( loss ) earnings per share not materially different from the actual amounts reported for those periods in the accompanying consolidated statements of operations . had sfas 143 been applied during all periods presented the asset retirement obligation at january 1 , 2001 , december 31 , 2001 and december 31 , 2002 would have been approximately $ 21 million , $ 23 million and $ 28 million , respectively . included in other long-term liabilities is the accrual for the non-legal obligations for removal of assets in service at ipalco amounting to $ 361 million and $ 339 million at december 31 , 2003 and 2002 , respectively . deferred financing costs 2014financing costs are deferred and amortized over the related financing period using the effective interest method or the straight-line method when it does not differ materially from the effective interest method . deferred financing costs are shown net of accumulated amortization of $ 202 million and $ 173 million as of december 31 , 2003 and 2002 , respectively . project development costs 2014the company capitalizes the costs of developing new construction projects after achieving certain project-related milestones that indicate the project 2019s completion is probable . these costs represent amounts incurred for professional services , permits , options , capitalized interest , and other costs directly related to construction . these costs are transferred to construction in progress when significant construction activity commences , or expensed at the time the company determines that development of a particular project is no longer probable ( see note 5 ) . .\nQuestion: what was the net difference in asset retirement obligations between 2002 and 2003?\nAnswer: 14.0\nQuestion: what is that value times 1000000?\n" }, { "role": "agent", "content": "14000000.0" } ]
CONVFINQA4071	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nblackrock n 96 n notes in april 2009 , the company acquired $ 2 million of finite- lived management contracts with a five-year estimated useful life associated with the acquisition of the r3 capital partners funds . in december 2009 , in conjunction with the bgi trans- action , the company acquired $ 163 million of finite- lived management contracts with a weighted-average estimated useful life of approximately 10 years . estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows : ( dollar amounts in millions ) . <table class='wikitable'><tr><td>1</td><td>2010</td><td>$ 160</td></tr><tr><td>2</td><td>2011</td><td>157</td></tr><tr><td>3</td><td>2012</td><td>156</td></tr><tr><td>4</td><td>2013</td><td>155</td></tr><tr><td>5</td><td>2014</td><td>149</td></tr></table> indefinite-lived acquired management contracts on september 29 , 2006 , in conjunction with the mlim transaction , the company acquired indefinite-lived man- agement contracts valued at $ 4477 million consisting of $ 4271 million for all retail mutual funds and $ 206 million for alternative investment products . on october 1 , 2007 , in conjunction with the quellos transaction , the company acquired $ 631 million in indefinite-lived management contracts associated with alternative investment products . on october 1 , 2007 , the company purchased the remain- ing 20% ( 20 % ) of an investment manager of a fund of hedge funds . in conjunction with this transaction , the company recorded $ 8 million in additional indefinite-lived management contracts associated with alternative investment products . on december 1 , 2009 , in conjunction with the bgi transaction , the company acquired $ 9785 million in indefinite-lived management contracts valued consisting primarily for exchange traded funds and common and collective trusts . indefinite-lived acquired trade names/trademarks on december 1 , 2009 , in conjunction with the bgi transaction , the company acquired trade names/ trademarks primarily related to ishares valued at $ 1402.5 million . the fair value was determined using a royalty rate based primarily on normalized marketing and promotion expenditures to develop and support the brands globally . 13 . borrowings short-term borrowings 2007 facility in august 2007 , the company entered into a five-year $ 2.5 billion unsecured revolving credit facility ( the 201c2007 facility 201d ) , which permits the company to request an additional $ 500 million of borrowing capacity , subject to lender credit approval , up to a maximum of $ 3.0 billion . the 2007 facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortiza- tion , where net debt equals total debt less domestic unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2009 . the 2007 facility provides back-up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities . at december 31 , 2009 , the company had $ 200 million outstanding under the 2007 facility with an interest rate of 0.44% ( 0.44 % ) and a maturity date during february 2010 . during february 2010 , the company rolled over $ 100 million in borrowings with an interest rate of 0.43% ( 0.43 % ) and a maturity date in may 2010 . lehman commercial paper inc . has a $ 140 million participation under the 2007 facility ; however blackrock does not expect that lehman commercial paper inc . will honor its commitment to fund additional amounts . bank of america , a related party , has a $ 140 million participation under the 2007 facility . in december 2007 , in order to support two enhanced cash funds that blackrock manages , blackrock elected to procure two letters of credit under the existing 2007 facility in an aggregate amount of $ 100 million . in decem- ber 2008 , the letters of credit were terminated . commercial paper program on october 14 , 2009 , blackrock established a com- mercial paper program ( the 201ccp program 201d ) under which the company may 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 $ 3 billion . the proceeds of the commercial paper issuances were used for the financing of a portion of the bgi transaction . subsidiaries of bank of america and barclays , as well as other third parties , act as dealers under the cp program . the cp program is supported by the 2007 facility . the company began issuance of cp notes under the cp program on november 4 , 2009 . as of december 31 , 2009 , blackrock had approximately $ 2 billion of out- standing cp notes with a weighted average interest rate of 0.20% ( 0.20 % ) and a weighted average maturity of 23 days . since december 31 , 2009 , the company repaid approxi- mately $ 1.4 billion of cp notes with proceeds from the long-term notes issued in december 2009 . as of march 5 , 2010 , blackrock had $ 596 million of outstanding cp notes with a weighted average interest rate of 0.18% ( 0.18 % ) and a weighted average maturity of 38 days . japan commitment-line in june 2008 , blackrock japan co. , ltd. , a wholly owned subsidiary of the company , entered into a five billion japanese yen commitment-line agreement with a bank- ing institution ( the 201cjapan commitment-line 201d ) . the term of the japan commitment-line was one year and interest accrued at the applicable japanese short-term prime rate . in june 2009 , blackrock japan co. , ltd . renewed the japan commitment-line for a term of one year . the japan commitment-line is intended to provide liquid- ity and flexibility for operating requirements in japan . at december 31 , 2009 , the company had no borrowings outstanding on the japan commitment-line . convertible debentures in february 2005 , the company issued $ 250 million aggregate principal amount of convertible debentures ( the 201cdebentures 201d ) , due in 2035 and bearing interest at a rate of 2.625% ( 2.625 % ) per annum . interest is payable semi- annually in arrears on february 15 and august 15 of each year , and commenced august 15 , 2005 . prior to february 15 , 2009 , the debentures could have been convertible at the option of the holder at a decem- ber 31 , 2008 conversion rate of 9.9639 shares of common stock per one dollar principal amount of debentures under certain circumstances . the debentures would have been convertible into cash and , in some situations as described below , additional shares of the company 2019s common stock , if during the five business day period after any five consecutive trading day period the trading price per debenture for each day of such period is less than 103% ( 103 % ) of the product of the last reported sales price of blackrock 2019s common stock and the conversion rate of the debentures on each such day or upon the occurrence of certain other corporate events , such as a distribution to the holders of blackrock common stock of certain rights , assets or debt securities , if the company becomes party to a merger , consolidation or transfer of all or substantially all of its assets or a change of control of the company . on february 15 , 2009 , the debentures became convertible into cash at any time prior to maturity at the option of the holder and , in some situations as described below , additional shares of the company 2019s common stock at the current conversion rate . at the time the debentures are tendered for conver- sion , for each one dollar principal amount of debentures converted , a holder shall be entitled to receive cash and shares of blackrock common stock , if any , the aggregate value of which ( the 201cconversion value 201d ) will be deter- mined by multiplying the applicable conversion rate by the average of the daily volume weighted average price of blackrock common stock for each of the ten consecutive trading days beginning on the second trading day imme- diately following the day the debentures are tendered for conversion ( the 201cten-day weighted average price 201d ) . the company will deliver the conversion value to holders as follows : ( 1 ) an amount in cash ( the 201cprincipal return 201d ) equal to the lesser of ( a ) the aggregate conversion value of the debentures to be converted and ( b ) the aggregate principal amount of the debentures to be converted , and ( 2 ) if the aggregate conversion value of the debentures to be converted is greater than the principal return , an amount in shares ( the 201cnet shares 201d ) , determined as set forth below , equal to such aggregate conversion value less the principal return ( the 201cnet share amount 201d ) . the number of net shares to be paid will be determined by dividing the net share amount by the ten-day weighted average price . in lieu of delivering fractional shares , the company will deliver cash based on the ten-day weighted average price . the conversion rate for the debentures is subject to adjustments upon the occurrence of certain corporate events , such as a change of control of the company , 193253ti_txt.indd 96 4/2/10 1:18 pm .\nQuestion: what was the change in the estimated amortization expense for finite-lived intangible assets from 2010 to 2011?\nAnswer: 3.0\nQuestion: and what was this expense in 2010?\nAnswer: 157.0\nQuestion: how much, then, in percentage, did that change represent in relation to this 2010 amount?\nAnswer: 0.01911\nQuestion: and in this same year, what was the estimated amortization expense for finite-lived intangible assets as a percentage of the unsecured revolving credit facility?\n" }, { "role": "agent", "content": "0.0025" } ]
CONVFINQA2637	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2016 , and 2015 included $ 1997 million , net of $ 1121 million of accumulated depreciation , and $ 2273 million , net of $ 1189 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2016 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2017</td><td>$ 461</td><td>$ 221</td></tr><tr><td>3</td><td>2018</td><td>390</td><td>193</td></tr><tr><td>4</td><td>2019</td><td>348</td><td>179</td></tr><tr><td>5</td><td>2020</td><td>285</td><td>187</td></tr><tr><td>6</td><td>2021</td><td>245</td><td>158</td></tr><tr><td>7</td><td>later years</td><td>1314</td><td>417</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 3043</td><td>$ 1355</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-250 ( 250 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1105</td></tr></table> approximately 96% ( 96 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 535 million in 2016 , $ 590 million in 2015 , and $ 593 million in 2014 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 94% ( 94 % ) of the recorded liability is related to asserted claims and approximately 6% ( 6 % ) is related to unasserted claims at december 31 , 2016 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 290 million to $ 317 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .\nQuestion: what is the total minimum payments for operating leases?\nAnswer: 3043.0\nQuestion: what is it for capital leases?\n" }, { "role": "agent", "content": "1355.0" } ]
CONVFINQA7356	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>balance at september 29 2007</td><td>$ 7315</td></tr><tr><td>2</td><td>increases based on positions related to prior years</td><td>351</td></tr><tr><td>3</td><td>increases based on positions related to current year</td><td>813</td></tr><tr><td>4</td><td>decreases relating to lapses of applicable statutes of limitations</td><td>-605 ( 605 )</td></tr><tr><td>5</td><td>balance at october 3 2008</td><td>$ 7874</td></tr></table> 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\| .\nQuestion: in march 2007, what was the total amount spent in the repurchase of common shares?\n" }, { "role": "agent", "content": "30.1" } ]
CONVFINQA6477	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart i item 1 . business our company founded in 1886 , american water works company , inc . ( the 201ccompany 201d or 201camerican water 201d ) is a holding company incorporated in delaware . american water is the largest and most geographically diverse investor owned publicly-traded united states water and wastewater utility company , as measured by both operating revenues and population served . we employ approximately 6700 professionals who provide drinking water , wastewater and other related services to an estimated 15 million people in 47 states , the district of columbia and ontario , canada . operating segments we conduct our business primarily through our regulated businesses segment . we also operate several market-based businesses that provide a broad range of related and complementary water and wastewater services , which include four operating segments that individually do not meet the criteria of a reportable segment in accordance with generally accepted accounting principles in the united states ( 201cgaap 201d ) . these four non- reportable operating segments are collectively presented as our 201cmarket-based businesses , 201d which is consistent with how management assesses the results of these businesses . additional information can be found in item 7 2014management 2019s discussion and analysis of financial condition and results of operations and note 19 2014segment information in the notes to consolidated financial statements . regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers . our subsidiaries that provide these services operate in approximately 1600 communities in 16 states in the united states and are generally subject to regulation by certain state commissions or other entities engaged in utility regulation , referred to as public utility commissions or ( 201cpucs 201d ) . the federal and state governments also regulate environmental , health and safety , and water quality matters . we report the results of the services provided by our utilities in our regulated businesses segment . our regulated businesses segment 2019s operating revenues were $ 2743 million for 2015 , $ 2674 million for 2014 and $ 2594 million for 2013 , accounting for 86.8% ( 86.8 % ) , 88.8% ( 88.8 % ) and 90.1% ( 90.1 % ) , respectively , of total operating revenues for the same periods . the following table summarizes our regulated businesses 2019 operating revenues , number of customers and estimated population served by state , each as of december 31 , 2015 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total . <table class='wikitable'><tr><td>1</td><td>new jersey</td><td>operatingrevenues ( in millions ) $ 704</td><td>% ( % ) of total 25.7% ( 25.7 % )</td><td>number ofcustomers 660580</td><td>% ( % ) of total 20.3% ( 20.3 % )</td><td>estimatedpopulationserved ( in millions ) 2.7</td><td>% ( % ) of total 22.3% ( 22.3 % )</td></tr><tr><td>2</td><td>pennsylvania</td><td>614</td><td>22.4% ( 22.4 % )</td><td>672407</td><td>20.7% ( 20.7 % )</td><td>2.3</td><td>19.0% ( 19.0 % )</td></tr><tr><td>3</td><td>illinois ( a )</td><td>270</td><td>9.8% ( 9.8 % )</td><td>313058</td><td>9.6% ( 9.6 % )</td><td>1.3</td><td>10.7% ( 10.7 % )</td></tr><tr><td>4</td><td>missouri</td><td>269</td><td>9.8% ( 9.8 % )</td><td>473245</td><td>14.5% ( 14.5 % )</td><td>1.5</td><td>12.4% ( 12.4 % )</td></tr><tr><td>5</td><td>indiana</td><td>206</td><td>7.5% ( 7.5 % )</td><td>295994</td><td>9.1% ( 9.1 % )</td><td>1.3</td><td>10.7% ( 10.7 % )</td></tr><tr><td>6</td><td>california</td><td>198</td><td>7.2% ( 7.2 % )</td><td>174942</td><td>5.4% ( 5.4 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>7</td><td>west virginia ( b )</td><td>129</td><td>4.7% ( 4.7 % )</td><td>169037</td><td>5.2% ( 5.2 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>8</td><td>subtotal ( top seven states )</td><td>2390</td><td>87.1% ( 87.1 % )</td><td>2759263</td><td>84.8% ( 84.8 % )</td><td>10.3</td><td>85.1% ( 85.1 % )</td></tr><tr><td>9</td><td>other ( c )</td><td>353</td><td>12.9% ( 12.9 % )</td><td>493428</td><td>15.2% ( 15.2 % )</td><td>1.8</td><td>14.9% ( 14.9 % )</td></tr><tr><td>10</td><td>total regulated businesses</td><td>$ 2743</td><td>100.0% ( 100.0 % )</td><td>3252691</td><td>100.0% ( 100.0 % )</td><td>12.1</td><td>100.0% ( 100.0 % )</td></tr></table> ( a ) includes illinois-american water company and american lake water company . ( b ) includes west virginia-american water company and its subsidiary bluefield valley water works company . ( c ) includes data from our utilities in the following states : georgia , hawaii , iowa , kentucky , maryland , michigan , new york , tennessee and virginia. .\nQuestion: what is the estimated population served in the west virginia market area in million of people?\nAnswer: 0.6\nQuestion: and that in number of people?\n" }, { "role": "agent", "content": "600000.0" } ]
CONVFINQA7809	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nin the fourth quarter of 2002 , aes lost voting control of one of the holding companies in the cemig ownership structure . this holding company indirectly owns the shares related to the cemig investment and indirectly holds the project financing debt related to cemig . as a result of the loss of voting control , aes stopped consolidating this holding company at december 31 , 2002 . other . during the fourth quarter of 2003 , the company sold its 25% ( 25 % ) ownership interest in medway power limited ( 2018 2018mpl 2019 2019 ) , a 688 mw natural gas-fired combined cycle facility located in the united kingdom , and aes medway operations limited ( 2018 2018aesmo 2019 2019 ) , the operating company for the facility , in an aggregate transaction valued at approximately a347 million ( $ 78 million ) . the sale resulted in a gain of $ 23 million which was recorded in continuing operations . mpl and aesmo were previously reported in the contract generation segment . in the second quarter of 2002 , the company sold its investment in empresa de infovias s.a . ( 2018 2018infovias 2019 2019 ) , a telecommunications company in brazil , for proceeds of $ 31 million to cemig , an affiliated company . the loss recorded on the sale was approximately $ 14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations . in the second quarter of 2002 , the company recorded an impairment charge of approximately $ 40 million , after income taxes , on an equity method investment in a telecommunications company in latin america held by edc . the impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company . during 2001 , the company lost operational control of central electricity supply corporation ( 2018 2018cesco 2019 2019 ) , a distribution company located in the state of orissa , india . the state of orissa appointed an administrator to take operational control of cesco . cesco is accounted for as a cost method investment . aes 2019s investment in cesco is negative . in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas for approximately $ 40 million . the company acquired an additional 16.79% ( 16.79 % ) of songas for approximately $ 12.5 million , and the company began consolidating this entity in 2002 . songas owns the songo songo gas-to-electricity project in tanzania . in december 2002 , the company signed a sales purchase agreement to sell 100% ( 100 % ) of our ownership interest in songas . the sale of songas closed in april 2003 ( see note 4 for further discussion of the transaction ) . the following tables present summarized comparative financial information ( in millions ) of the entities in which the company has the ability to exercise significant influence but does not control and that are accounted for using the equity method. . <table class='wikitable'><tr><td>1</td><td>as of and for the years ended december 31,</td><td>2003</td><td>2002 ( 1 )</td><td>2001 ( 1 )</td></tr><tr><td>2</td><td>revenues</td><td>$ 2758</td><td>$ 2832</td><td>$ 6147</td></tr><tr><td>3</td><td>operating income</td><td>1039</td><td>695</td><td>1717</td></tr><tr><td>4</td><td>net income</td><td>407</td><td>229</td><td>650</td></tr><tr><td>5</td><td>current assets</td><td>1347</td><td>1097</td><td>3700</td></tr><tr><td>6</td><td>noncurrent assets</td><td>7479</td><td>6751</td><td>14942</td></tr><tr><td>7</td><td>current liabilities</td><td>1434</td><td>1418</td><td>3510</td></tr><tr><td>8</td><td>noncurrent liabilities</td><td>3795</td><td>3349</td><td>8297</td></tr><tr><td>9</td><td>stockholder's equity</td><td>3597</td><td>3081</td><td>6835</td></tr></table> ( 1 ) includes information pertaining to eletropaulo and light prior to february 2002 . in 2002 and 2001 , the results of operations and the financial position of cemig were negatively impacted by the devaluation of the brazilian real and the impairment charge recorded in 2002 . the brazilian real devalued 32% ( 32 % ) and 19% ( 19 % ) for the years ended december 31 , 2002 and 2001 , respectively. .\nQuestion: what was the net change in operating income for entities in which the company has the ability to exercise significant influence but does not control and that are accounted for using the equity method between 2002 and 2003\nAnswer: 344.0\nQuestion: what was the value in 2002?\n" }, { "role": "agent", "content": "695.0" } ]
CONVFINQA9320	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations state street corporation \| 90 table 30 : total deposits average balance december 31 years ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>december 31 2017</td><td>december 31 2016</td><td>december 31 2017</td><td>2016</td></tr><tr><td>2</td><td>client deposits</td><td>$ 180149</td><td>$ 176693</td><td>$ 158996</td><td>$ 156029</td></tr><tr><td>3</td><td>wholesale cds</td><td>4747</td><td>10470</td><td>4812</td><td>14456</td></tr><tr><td>4</td><td>total deposits</td><td>$ 184896</td><td>$ 187163</td><td>$ 163808</td><td>$ 170485</td></tr></table> short-term funding our on-balance sheet liquid assets are also an integral component of our liquidity management strategy . these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales . in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors . as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral . short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase . these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities . these balances were $ 2.84 billion and $ 4.40 billion as of december 31 , 2017 and december 31 , 2016 , respectively . state street bank currently maintains a line of credit with a financial institution of cad 1.40 billion , or approximately $ 1.11 billion as of december 31 , 2017 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2017 , there was no balance outstanding on this line of credit . long-term funding we have the ability to issue debt and equity securities under our current universal shelf registration to meet current commitments and business needs , including accommodating the transaction and cash management needs of our clients . in addition , state street bank , a wholly owned subsidiary of the parent company , also has authorization to issue up to $ 5 billion in unsecured senior debt and an additional $ 500 million of subordinated debt . agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies . factors essential to maintaining high credit ratings include : 2022 diverse and stable core earnings ; 2022 relative market position ; 2022 strong risk management ; 2022 strong capital ratios ; 2022 diverse liquidity sources , including the global capital markets and client deposits ; 2022 strong liquidity monitoring procedures ; and 2022 preparedness for current or future regulatory developments . high ratings limit borrowing costs and enhance our liquidity by : 2022 providing assurance for unsecured funding and depositors ; 2022 increasing the potential market for our debt and improving our ability to offer products ; 2022 serving markets ; and 2022 engaging in transactions in which clients value high credit ratings . a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital markets , which could increase the related cost of funds . in turn , this could cause the sudden and large-scale withdrawal of unsecured deposits by our clients , which could lead to draw-downs of unfunded commitments to extend credit or trigger requirements under securities purchase commitments ; or require additional collateral or force terminations of certain trading derivative contracts . a majority of our derivative contracts have been entered into 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 arrangements by determining the collateral that would be required assuming a downgrade by all rating agencies . the additional collateral or termination payments related to our net derivative liabilities under these arrangements that could have been called by counterparties in the event of a downgrade in our credit ratings below levels specified in the agreements is disclosed in note 10 to the consolidated financial statements included under item 8 , financial statements and supplementary data , of this form 10-k . other funding sources , such as secured financing transactions and other margin requirements , for which there are no explicit triggers , could also be adversely affected. .\nQuestion: what was the balance of collateral in the form of high-quality investment securities in 2016?\n" }, { "role": "agent", "content": "4.4" } ]
CONVFINQA940	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 93% ( 93 % ) and 89% ( 89 % ) as of december 31 , 2016 and 2015 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates . <table class='wikitable'><tr><td>1</td><td>as of december 31,</td><td>increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates</td><td>increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates</td></tr><tr><td>2</td><td>2016</td><td>$ -26.3 ( 26.3 )</td><td>$ 26.9</td></tr><tr><td>3</td><td>2015</td><td>-33.7 ( 33.7 )</td><td>34.7</td></tr></table> we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we do not have any interest rate swaps outstanding as of december 31 , 2016 . we had $ 1100.6 of cash , cash equivalents and marketable securities as of december 31 , 2016 that we generally invest in conservative , short-term bank deposits or securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2016 and 2015 , we had interest income of $ 20.1 and $ 22.8 , respectively . based on our 2016 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 11.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2016 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the foreign currencies that most impacted our results during 2016 included the british pound sterling and , to a lesser extent , the argentine peso , brazilian real and japanese yen . based on 2016 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2016 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures . we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .\nQuestion: what was the interest income in 2016?\nAnswer: 20.1\nQuestion: and what was it in 2015?\nAnswer: 22.8\nQuestion: what was, then, the change over the year?\n" }, { "role": "agent", "content": "-2.7" } ]
CONVFINQA1007	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndevon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) proved undeveloped reserves the following table presents the changes in our total proved undeveloped reserves during 2011 ( in mmboe ) . . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s . onshore</td><td>canada</td><td>north america</td></tr><tr><td>2</td><td>proved undeveloped reserves as of december 31 2010</td><td>411</td><td>420</td><td>831</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>118</td><td>30</td><td>148</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-2 ( 2 )</td><td>-14 ( 14 )</td><td>-16 ( 16 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-56 ( 56 )</td><td>5</td><td>-51 ( 51 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-68 ( 68 )</td><td>-62 ( 62 )</td><td>-130 ( 130 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2011</td><td>403</td><td>379</td><td>782</td></tr></table> at december 31 , 2011 , devon had 782 mmboe of proved undeveloped reserves . this represents a 6% ( 6 % ) decrease as compared to 2010 and represents 26% ( 26 % ) of its total proved reserves . drilling activities increased devon 2019s proved undeveloped reserves 148 mmboe and resulted in the conversion of 130 mmboe , or 16% ( 16 % ) , of the 2010 proved undeveloped reserves to proved developed reserves . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 51 mmboe primarily due to its evaluation of certain u.s . onshore dry-gas areas , which it does not expect to develop in the next five years . the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas . a significant amount of devon 2019s proved undeveloped reserves at the end of 2011 largely related to its jackfish operations . at december 31 , 2011 and 2010 , devon 2019s jackfish proved undeveloped reserves were 367 mmboe and 396 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends though the year 2025 . price revisions 2011 2014reserves decreased 21 mmboe due to lower gas prices and higher oil prices . the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves . 2010 2014reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices . the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves . of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area . 2009 2014reserves increased 177 mmboe due to higher oil prices , partially offset by lower gas prices . the increase in oil reserves primarily related to devon 2019s jackfish thermal heavy oil reserves in canada . at the end of 2008 , 331 mmboe of reserves related to jackfish were not considered proved . however , due to higher prices , these reserves were considered proved as of december 31 , 2009 . significantly lower gas prices caused devon 2019s reserves to decrease 116 mmboe , which primarily related to its u.s . reserves . revisions other than price total revisions other than price for 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above . total revisions other than price for 2010 and 2009 primarily related to devon 2019s drilling and development in the barnett shale. .\nQuestion: what was the value of proved undeveloped reserves at the end of 2011?\nAnswer: 379.0\nQuestion: what was the value at the end of 2010?\n" }, { "role": "agent", "content": "420.0" } ]
CONVFINQA2818	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nn o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries 20 . statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate . these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities . there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries . the company 2019s u.s . subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators . statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items . the statutory capital and surplus of the u.s . subsidiaries met regulatory requirements for 2009 , 2008 , and 2007 . the amount of dividends available to be paid in 2010 , without prior approval from the state insurance departments , totals $ 733 million . the combined statutory capital and surplus and statutory net income of the bermuda and u.s . subsidiaries as at and for the years ended december 31 , 2009 , 2008 , and 2007 , are as follows: . <table class='wikitable'><tr><td>1</td><td>( in millions of u.s . dollars )</td><td>bermuda subsidiaries 2009</td><td>bermuda subsidiaries 2008</td><td>bermuda subsidiaries 2007</td><td>bermuda subsidiaries 2009</td><td>bermuda subsidiaries 2008</td><td>2007</td></tr><tr><td>2</td><td>statutory capital and surplus</td><td>$ 9299</td><td>$ 6205</td><td>$ 8579</td><td>$ 5801</td><td>$ 5368</td><td>$ 5321</td></tr><tr><td>3</td><td>statutory net income</td><td>$ 2472</td><td>$ 2196</td><td>$ 1535</td><td>$ 870</td><td>$ 818</td><td>$ 873</td></tr></table> as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s . subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 215 million , $ 211 million , and $ 140 million at december 31 , 2009 , 2008 , and 2007 , respectively . the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations . some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements . in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business . these licenses may be subject to reserves and minimum capital and solvency tests . jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements . 21 . information provided in connection with outstanding debt of subsidiaries the following tables present condensed consolidating financial information at december 31 , 2009 , and december 31 , 2008 , and for the years ended december 31 , 2009 , 2008 , and 2007 , for ace limited ( the parent guarantor ) and its 201csubsidiary issuer 201d , ace ina holdings , inc . the subsidiary issuer is an indirect 100 percent-owned subsidiary of the parent guarantor . investments in subsidiaries are accounted for by the parent guarantor under the equity method for purposes of the supplemental consolidating presentation . earnings of subsidiaries are reflected in the parent guarantor 2019s investment accounts and earnings . the parent guarantor fully and unconditionally guarantees certain of the debt of the subsidiary issuer. .\nQuestion: what was the net income in 2009 for bermuda subsidiaries?\nAnswer: 2472.0\nQuestion: and in 2008?\n" }, { "role": "agent", "content": "2196.0" } ]
CONVFINQA5820	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company has a restricted stock plan for non-employee directors which reserves for issuance of 300000 shares of the company 2019s common stock . no restricted shares were issued in 2009 . the company has a directors 2019 deferral plan , which provides a means to defer director compensation , from time to time , on a deferred stock or cash basis . as of september 30 , 2009 , 86643 shares were held in trust , of which 4356 shares represented directors 2019 compensation in 2009 , in accordance with the provisions of the plan . under this plan , which is unfunded , directors have an unsecured contractual commitment from the company . the company also has a deferred compensation plan that allows certain highly-compensated employees , including executive officers , to defer salary , annual incentive awards and certain equity-based compensation . as of september 30 , 2009 , 557235 shares were issuable under this plan . note 16 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>average common shares outstanding</td><td>240479</td><td>244323</td><td>244929</td></tr><tr><td>3</td><td>dilutive share equivalents from share-based plans</td><td>6319</td><td>8358</td><td>9881</td></tr><tr><td>4</td><td>average common and common equivalent sharesoutstanding 2014 assuming dilution</td><td>246798</td><td>252681</td><td>254810</td></tr></table> average common and common equivalent shares outstanding 2014 assuming dilution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246798 252681 254810 note 17 2014 segment data the company 2019s organizational structure is based upon its three principal business segments : bd medical ( 201cmedical 201d ) , bd diagnostics ( 201cdiagnostics 201d ) and bd biosciences ( 201cbiosciences 201d ) . the principal product lines in the medical segment include needles , syringes and intravenous catheters for medication delivery ; safety-engineered and auto-disable devices ; prefilled iv flush syringes ; syringes and pen needles for the self-injection of insulin and other drugs used in the treatment of diabetes ; prefillable drug delivery devices provided to pharmaceutical companies and sold to end-users as drug/device combinations ; surgical blades/scalpels and regional anesthesia needles and trays ; critical care monitoring devices ; ophthalmic surgical instruments ; and sharps disposal containers . the principal products and services in the diagnostics segment include integrated systems for specimen collection ; an extensive line of safety-engineered specimen blood collection products and systems ; plated media ; automated blood culturing systems ; molecular testing systems for sexually transmitted diseases and healthcare-associated infections ; microorganism identification and drug susceptibility systems ; liquid-based cytology systems for cervical cancer screening ; and rapid diagnostic assays . the principal product lines in the biosciences segment include fluorescence activated cell sorters and analyzers ; cell imaging systems ; monoclonal antibodies and kits for performing cell analysis ; reagent systems for life sciences research ; tools to aid in drug discovery and growth of tissue and cells ; cell culture media supplements for biopharmaceutical manufacturing ; and diagnostic assays . the company evaluates performance of its business segments based upon operating income . segment operating income represents revenues reduced by product costs and operating expenses . the company hedges against certain forecasted sales of u.s.-produced products sold outside the united states . gains and losses associated with these foreign currency translation hedges are reported in segment revenues based upon their proportionate share of these international sales of u.s.-produced products . becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what were the number of common shares outstanding in 2008?\nAnswer: 244323.0\nQuestion: what were the number of shares outstanding in 2009?\nAnswer: 240479.0\nQuestion: what is the value of 2008 less 2009?\n" }, { "role": "agent", "content": "3844.0" } ]
CONVFINQA10159	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nduring the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 . these units are payable in stock and are subject to certain financial performance criteria . the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded . the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) . as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) . for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period . these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award . these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period . the fair value of these performance share units at july 1 , 2011 was $ 8.6 million . of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 . a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: . <table class='wikitable'><tr><td>1</td><td>performance share units</td><td>grants</td></tr><tr><td>2</td><td>outstanding at january 1 2011 ( non-vested )</td><td>556186</td></tr><tr><td>3</td><td>granted ( 1 )</td><td>354660</td></tr><tr><td>4</td><td>vesting and transfer of ownership to recipients</td><td>-136058 ( 136058 )</td></tr><tr><td>5</td><td>outstanding at december 31 2011 ( non-vested )</td><td>774788</td></tr></table> ( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 . for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units . based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units . that cost is expected to be recognized over a weighted-average period of 1.1 years . note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities . we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months . we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase . all of these instruments , including investments in equity securities , are classified as available- for-sale . as a result , they are reported at fair value using quoted market prices . interest income is recorded as earned . unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income . upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. .\nQuestion: what was the difference in the value of performance shares less shares not related to post merger services?\n" }, { "role": "agent", "content": "1.3" } ]
CONVFINQA4559	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements ( dollars in millions , except per share amounts ) long-term debt maturing over the next five years and thereafter is as follows: . <table class='wikitable'><tr><td>1</td><td>2004</td><td>$ 244.5</td></tr><tr><td>2</td><td>2005</td><td>$ 523.8</td></tr><tr><td>3</td><td>2006</td><td>$ 338.5</td></tr><tr><td>4</td><td>2007</td><td>$ 0.9</td></tr><tr><td>5</td><td>2008</td><td>$ 0.9</td></tr><tr><td>6</td><td>2009 and thereafter</td><td>$ 1327.6</td></tr></table> on march 7 , 2003 , standard & poor's ratings services downgraded the company's senior secured credit rating to bb+ with negative outlook from bbb- . on may 14 , 2003 , fitch ratings downgraded the company's senior unsecured credit rating to bb+ with negative outlook from bbb- . on may 9 , 2003 , moody's investor services , inc . ( \"moody's\" ) placed the company's senior unsecured and subordinated credit ratings on review for possible downgrade from baa3 and ba1 , respectively . as of march 12 , 2004 , the company's credit ratings continued to be on review for a possible downgrade . since july 2001 , the company has not repurchased its common stock in the open market . in october 2003 , the company received a federal tax refund of approximately $ 90 as a result of its carryback of its 2002 loss for us federal income tax purposes and certain capital losses , to earlier periods . through december 2002 , the company had paid cash dividends quarterly with the most recent quarterly dividend paid in december 2002 at a rate of $ 0.095 per share . on a quarterly basis , the company's board of directors makes determinations regarding the payment of dividends . as previously discussed , the company's ability to declare or pay dividends is currently restricted by the terms of its revolving credit facilities . the company did not declare or pay any dividends in 2003 . however , in 2004 , the company expects to pay any dividends accruing on the series a mandatory convertible preferred stock in cash , which is expressly permitted by the revolving credit facilities . see note 14 for discussion of fair market value of the company's long-term debt . note 9 : equity offering on december 16 , 2003 , the company sold 25.8 million shares of common stock and issued 7.5 million shares of 3- year series a mandatory convertible preferred stock ( the \"preferred stock\" ) . the total net proceeds received from the concurrent offerings was approximately $ 693 . the preferred stock carries a dividend yield of 5.375% ( 5.375 % ) . on maturity , each share of the preferred stock will convert , subject to adjustment , to between 3.0358 and 3.7037 shares of common stock , depending on the then-current market price of the company's common stock , representing a conversion premium of approximately 22% ( 22 % ) over the stock offering price of $ 13.50 per share . under certain circumstances , the preferred stock may be converted prior to maturity at the option of the holders or the company . the common and preferred stock were issued under the company's existing shelf registration statement . in january 2004 , the company used approximately $ 246 of the net proceeds from the offerings to redeem the 1.80% ( 1.80 % ) convertible subordinated notes due 2004 . the remaining proceeds will be used for general corporate purposes and to further strengthen the company's balance sheet and financial condition . the company will pay annual dividends on each share of the series a mandatory convertible preferred stock in the amount of $ 2.6875 . dividends will be cumulative from the date of issuance and will be payable on each payment date to the extent that dividends are not restricted under the company's credit facilities and assets are legally available to pay dividends . the first dividend payment , which was declared on february 24 , 2004 , will be made on march 15 , 2004. .\nQuestion: what was the value of long-term debt in 2004?\nAnswer: 244.5\nQuestion: and in 2008?\nAnswer: 0.9\nQuestion: by how much did this value go down between these years?\nAnswer: 243.6\nQuestion: and the specific value for 2004 again?\n" }, { "role": "agent", "content": "244.5" } ]
CONVFINQA5276	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>balance at october 1 2010</td><td>$ 19900</td></tr><tr><td>2</td><td>increases based on positions related to prior years</td><td>935</td></tr><tr><td>3</td><td>increases based on positions related to current year</td><td>11334</td></tr><tr><td>4</td><td>decreases relating to settlements with taxing authorities</td><td>2014</td></tr><tr><td>5</td><td>decreases relating to lapses of applicable statutes of limitations</td><td>-33 ( 33 )</td></tr><tr><td>6</td><td>balance at september 30 2011</td><td>$ 32136</td></tr></table> the company 2019s major tax jurisdictions as of september 30 , 2011 are the united states , california , iowa , singapore and canada . for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes . for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes . for singapore , the company has open tax years dating back to fiscal year 2011 . for canada , the company has open tax years dating back to fiscal year 2004 . during the year ended september 30 , 2011 , the company did not recognize any significant amount of previously unrecognized tax benefits related to the expiration of the statute of limitations . the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense . the company recognized $ 0.5 million of accrued interest or penalties related to unrecognized tax benefits during fiscal year 2011 . 11 . stockholders 2019 equity common stock at september 30 , 2011 , the company is authorized to issue 525000000 shares of common stock , par value $ 0.25 per share of which 195407396 shares are issued and 186386197 shares outstanding . 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 . on august 3 , 2010 , the board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200.0 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements . during the fiscal year ended september 30 , 2011 , the company paid approximately $ 70.0 million ( including commissions ) in connection with the repurchase of 2768045 shares of its common stock ( paying an average price of $ 25.30 per share ) . as of september 30 , 2011 , $ 130.0 million remained available under the existing share repurchase program . page 110 skyworks / annual report 2011 .\nQuestion: what was the balance of unrecognized tax benefits as of september 30, 2011?\n" }, { "role": "agent", "content": "32136.0" } ]
CONVFINQA2300	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents item 1b . unresolved staff comments we have no unresolved sec staff comments to report . item 2 . properties as of december 31 , 2015 , we owned or leased 126 major manufacturing sites and 14 major technical centers . a manufacturing site may include multiple plants and may be wholly or partially owned or leased . we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world . we have a presence in 44 countries . the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total . <table class='wikitable'><tr><td>1</td><td>-</td><td>north america</td><td>europemiddle east& africa</td><td>asia pacific</td><td>south america</td><td>total</td></tr><tr><td>2</td><td>electrical/electronic architecture</td><td>30</td><td>32</td><td>25</td><td>5</td><td>92</td></tr><tr><td>3</td><td>powertrain systems</td><td>4</td><td>10</td><td>5</td><td>2</td><td>21</td></tr><tr><td>4</td><td>electronics and safety</td><td>3</td><td>7</td><td>3</td><td>2014</td><td>13</td></tr><tr><td>5</td><td>total</td><td>37</td><td>49</td><td>33</td><td>7</td><td>126</td></tr></table> in addition to these manufacturing sites , we had 14 major technical centers : four in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america . of our 126 major manufacturing sites and 14 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 77 are primarily owned and 63 are primarily leased . we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses . we believe our evolving portfolio will meet current and anticipated future needs . item 3 . legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters . it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows . with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements . however , the final amounts required to resolve these matters could differ materially from our recorded estimates . gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches . delphi received requests for information from , and cooperated with , various government agencies related to this ignition switch recall . in addition , delphi was initially named as a co-defendant along with gm ( and in certain cases other parties ) in class action and product liability lawsuits related to this matter . as of december 31 , 2015 , delphi was not named as a defendant in any class action complaints . although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2015 . unsecured creditors litigation the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) was entered into on july 12 , 2011 by the members of delphi automotive llp in order to position the company for its initial public offering . under the terms of the fourth llp agreement , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against dphh $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million . in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion . delphi considers cumulative .\nQuestion: what portion of the total facilities are in europe middle east& africa?\n" }, { "role": "agent", "content": "0.38889" } ]
CONVFINQA6463	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe pension plan investments are held in a master trust , with the northern trust company . investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust . investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price . certain short-term investments are carried at cost , which approximates fair value . investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities . the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future . correspondingly , equity investments also entail greater risks than other investments . equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities . the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 . the debt portfolio is also broadly diversified and invested primarily in u.s . treasury , mortgage , and corporate securities with an intermediate average maturity . the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively . the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings . other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan . we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed . our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 . railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) . contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 . collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees . premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 . other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>rental income</td><td>$ 87</td><td>$ 68</td><td>$ 83</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>41</td><td>52</td><td>72</td></tr><tr><td>4</td><td>interest income</td><td>21</td><td>50</td><td>29</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-23 ( 23 )</td><td>-35 ( 35 )</td><td>-33 ( 33 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-34 ( 34 )</td><td>-19 ( 19 )</td><td>-33 ( 33 )</td></tr><tr><td>7</td><td>total</td><td>$ 92</td><td>$ 116</td><td>$ 118</td></tr></table> .\nQuestion: what is the sum of average thrift plan contributions in 2007 and 2008?\n" }, { "role": "agent", "content": "28.0" } ]
CONVFINQA4014	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\na black-scholes option-pricing model was used for purposes of estimating the fair value of state street 2019s employee stock options at the grant date . the following were the weighted average assumptions for the years ended december 31 , 2001 , 2000 and 1999 , respectively : risk-free interest rates of 3.99% ( 3.99 % ) , 5.75% ( 5.75 % ) and 5.90% ( 5.90 % ) ; dividend yields of 1.08% ( 1.08 % ) , .73% ( .73 % ) and .92% ( .92 % ) ; and volatility factors of the expected market price of state street common stock of .30 , .30 and .30 . the estimated weighted average life of the stock options granted was 4.1 years for the years ended december 31 , 2001 , 2000 and 1999 . o t h e r u n r e a l i z e d c o m p r e h e n s i v e i n c o m e ( l o s s ) at december 31 , the components of other unrealized comprehensive income ( loss ) , net of related taxes , were as follows: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>unrealized gain on available-for-sale securities</td><td>$ 96</td><td>$ 19</td></tr><tr><td>3</td><td>foreign currency translation</td><td>-27 ( 27 )</td><td>-20 ( 20 )</td></tr><tr><td>4</td><td>other</td><td>1</td><td>-</td></tr><tr><td>5</td><td>total</td><td>$ 70</td><td>$ -1 ( 1 )</td></tr></table> note j shareholders 2019 rights plan in 1988 , state street declared a dividend of one preferred share purchase right for each outstanding share of common stock . in 1998 , the rights agreement was amended and restated , and in 2001 , the rights plan was impacted by the 2-for-1 stock split . accordingly , a right may be exercised , under certain conditions , to purchase one eight-hundredths share of a series of participating preferred stock at an exercise price of $ 132.50 , subject to adjustment . the rights become exercisable if a party acquires or obtains the right to acquire 10% ( 10 % ) or more of state street 2019s common stock or after commencement or public announcement of an offer for 10% ( 10 % ) or more of state street 2019s common stock . when exercisable , under certain conditions , each right entitles the holder thereof to purchase shares of common stock , of either state street or of the acquirer , having a market value of two times the then-current exercise price of that right . the rights expire in september 2008 , and may be redeemed at a price of $ .00125 per right , subject to adjustment , at any time prior to expiration or the acquisition of 10% ( 10 % ) of state street 2019s common stock . under certain circumstances , the rights may be redeemed after they become exercisable and may be subject to automatic redemption . note k regulatory matters r e g u l a t o r y c a p i t a l state street is subject to various regulatory capital requirements administered by federal banking agencies . failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that , if undertaken , could have a direct material effect on state street 2019s financial condition . under capital adequacy guidelines , state street must meet specific capital guidelines that involve quantitative measures of state street 2019s assets , liabilities and off-balance sheet items as calculated under regulatory accounting practices . state street 2019s capital amounts and classification are subject to qualitative judgments by the regulators about components , risk weightings and other factors . 42 state street corporation .\nQuestion: what was the total of gains, counting the unrealized and the other ones?\n" }, { "role": "agent", "content": "97.0" } ]
CONVFINQA1275	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwhen the likelihood of clawback is considered mathematically improbable . the company records a deferred carried interest liability to the extent it receives cash or capital allocations related to carried interest prior to meeting the revenue recognition criteria . at december 31 , 2017 and 2016 , the company had $ 219 million and $ 152 million , respectively , of deferred carried interest recorded in other liabilities/other liabilities of consolidated vies on the consolidated statements of financial condition . a portion of the deferred carried interest liability will be paid to certain employees . the ultimate timing of the recognition of performance fee revenue , if any , for these products is unknown . the following table presents changes in the deferred carried interest liability ( including the portion related to consolidated vies ) for 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 152</td><td>$ 143</td></tr><tr><td>3</td><td>net increase ( decrease ) in unrealized allocations</td><td>75</td><td>37</td></tr><tr><td>4</td><td>performance fee revenue recognized</td><td>-21 ( 21 )</td><td>-28 ( 28 )</td></tr><tr><td>5</td><td>acquisition</td><td>13</td><td>2014</td></tr><tr><td>6</td><td>ending balance</td><td>$ 219</td><td>$ 152</td></tr></table> for 2017 , 2016 and 2015 , performance fee revenue ( which included recognized carried interest ) totaled $ 594 million , $ 295 million and $ 621 million , respectively . fees earned for technology and risk management revenue are recorded as services are performed and are generally determined using the value of positions on the aladdin platform or on a fixed-rate basis . for 2017 , 2016 and 2016 , technology and risk management revenue totaled $ 677 million , $ 595 million and $ 528 million , respectively . adjustments to revenue arising from initial estimates recorded historically have been immaterial since the majority of blackrock 2019s investment advisory and administration revenue is calculated based on aum and since the company does not record performance fee revenue until performance thresholds have been exceeded and the likelihood of clawback is mathematically improbable . accounting developments recent accounting pronouncements not yet adopted . revenue from contracts with customers . in may 2014 , the financial accounting standards board ( 201cfasb 201d ) issued accounting standards update ( 201casu 201d ) 2014-09 , revenue from contracts with customers ( 201casu 2014-09 201d ) . asu 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance , including industry-specific guidance . the guidance also changes the accounting for certain contract costs and revises the criteria for determining if an entity is acting as a principal or agent in certain arrangements . the key changes in the standard that impact the company 2019s revenue recognition relate to the presentation of certain revenue contracts and associated contract costs . the most significant of these changes relates to the presentation of certain distribution costs , which are currently presented net against revenues ( contra-revenue ) and will be presented as an expense on a gross basis . the company adopted asu 2014-09 effective january 1 , 2018 on a full retrospective basis , which will require 2016 and 2017 to be restated in future filings . the cumulative effect adjustment to the 2016 opening retained earnings was not material . the company currently expects the net gross up to revenue to be approximately $ 1 billion with a corresponding gross up to expense for both 2016 and 2017 . consequently , the company expects its gaap operating margin to decline upon adoption due to the gross up of revenue . however , no material impact is expected on the company 2019s as adjusted operating margin . for accounting pronouncements that the company adopted during the year ended december 31 , 2017 and for additional recent accounting pronouncements not yet adopted , see note 2 , significant accounting policies , in the consolidated financial statements contained in part ii , item 8 of this filing . item 7a . quantitative and qualitative disclosures about market risk aum market price risk . blackrock 2019s investment advisory and administration fees are primarily comprised of fees based on a percentage of the value of aum and , in some cases , performance fees expressed as a percentage of the returns realized on aum . at december 31 , 2017 , the majority of the company 2019s investment advisory and administration fees were based on average or period end aum of the applicable investment funds or separate accounts . movements in equity market prices , interest rates/credit spreads , foreign exchange rates or all three could cause the value of aum to decline , which would result in lower investment advisory and administration fees . corporate investments portfolio risks . as a leading investment management firm , blackrock devotes significant resources across all of its operations to identifying , measuring , monitoring , managing and analyzing market and operating risks , including the management and oversight of its own investment portfolio . the board of directors of the company has adopted guidelines for the review of investments to be made by the company , requiring , among other things , that investments be reviewed by certain senior officers of the company , and that certain investments may be referred to the audit committee or the board of directors , depending on the circumstances , for approval . in the normal course of its business , blackrock is exposed to equity market price risk , interest rate/credit spread risk and foreign exchange rate risk associated with its corporate investments . blackrock has investments primarily in sponsored investment products that invest in a variety of asset classes , including real assets , private equity and hedge funds . investments generally are made for co-investment purposes , to establish a performance track record , to hedge exposure to certain deferred compensation plans or for regulatory purposes . currently , the company has a seed capital hedging program in which it enters into swaps to hedge market and interest rate exposure to certain investments . at december 31 , 2017 , the company had outstanding total return swaps with an aggregate notional value of approximately $ 587 million . at december 31 , 2017 , there were no outstanding interest rate swaps. .\nQuestion: what was the change in revenue related technology and risk management from 2016 to 2017?\nAnswer: 82.0\nQuestion: what is that over the 2016 value?\n" }, { "role": "agent", "content": "0.13782" } ]
CONVFINQA717	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npotentially responsible parties , and existing technology , laws , and regulations . the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site- specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs . current obligations are not expected to have a material adverse effect on our consolidated results of operations , financial condition , or liquidity . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us with measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . annual expenses for personal injury-related events were $ 240 million in 2006 , $ 247 million in 2005 , and $ 288 million in 2004 . as of december 31 , 2006 and 2005 , we had accrued liabilities of $ 631 million and $ 619 million for future personal injury costs , respectively , of which $ 233 million and $ 274 million was recorded in current liabilities as accrued casualty costs , respectively . our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims . estimates can vary over time due to evolving trends in litigation . our personal injury claims activity was as follows : claims activity 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>claims activity</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>open claims beginning balance</td><td>4197</td><td>4028</td><td>4085</td></tr><tr><td>3</td><td>new claims</td><td>4190</td><td>4584</td><td>4366</td></tr><tr><td>4</td><td>settled or dismissed claims</td><td>-4261 ( 4261 )</td><td>-4415 ( 4415 )</td><td>-4423 ( 4423 )</td></tr><tr><td>5</td><td>open claims ending balance at december 31</td><td>4126</td><td>4197</td><td>4028</td></tr></table> depreciation 2013 the railroad industry is capital intensive . properties are carried at cost . provisions for depreciation are computed principally on the straight-line method based on estimated service lives of depreciable property . the lives are calculated using a separate composite annual percentage rate for each depreciable property group , based on the results of internal depreciation studies . we are required to submit a report on depreciation studies and proposed depreciation rates to the stb for review and approval every three years for equipment property and every six years for road property . the cost ( net of salvage ) of depreciable railroad property retired or replaced in the ordinary course of business is charged to accumulated depreciation , and no gain or loss is recognized . a gain or loss is recognized in other income for all other property upon disposition because the gain or loss is not part of rail operations . the cost of internally developed software is capitalized and amortized over a five-year period . significant capital spending in recent years increased the total value of our depreciable assets . cash capital spending totaled $ 2.2 billion for the year ended december 31 , 2006 . for the year ended december 31 , 2006 , depreciation expense was $ 1.2 billion . we use various methods to estimate useful lives for each group of depreciable property . due to the capital intensive nature of the business and the large base of depreciable assets , variances to those estimates could have a material effect on our consolidated financial statements . if the estimated useful lives of all depreciable assets were increased by one year , annual depreciation expense would decrease by approximately $ 43 million . if the estimated useful lives of all assets to be depreciated were decreased by one year , annual depreciation expense would increase by approximately $ 45 million . income taxes 2013 as required under fasb statement no . 109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the future tax consequences of events that have been recognized in our financial statements or tax returns . these .\nQuestion: what was the value of open claims at the end of 2005?\nAnswer: 4197.0\nQuestion: what was it at the end of 2004?\nAnswer: 4028.0\nQuestion: what is the net change?\nAnswer: 169.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.04196" } ]
CONVFINQA10184	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninterest-earning assets including unearned income in the accretion of fair value adjustments on discounts recognized on acquired or purchased loans is recognized based on the constant effective yield of the financial instrument . the timing and amount of revenue that we recognize in any period is dependent on estimates , judgments , assumptions , and interpretation of contractual terms . changes in these factors can have a significant impact on revenue recognized in any period due to changes in products , market conditions or industry norms . residential and commercial mortgage servicing rights we elect to measure our residential mortgage servicing rights ( msrs ) at fair value . this election was made to be consistent with our risk management strategy to hedge changes in the fair value of these assets as described below . the fair value of residential msrs is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows , taking into consideration actual and expected mortgage loan prepayment rates , discount rates , servicing costs , and other economic factors which are determined based on current market conditions . assumptions incorporated into the residential msrs valuation model reflect management 2019s best estimate of factors that a market participant would use in valuing the residential msrs . although sales of residential msrs do occur , residential msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . as a benchmark for the reasonableness of its residential msrs fair value , pnc obtains opinions of value from independent parties ( 201cbrokers 201d ) . these brokers provided a range ( +/- 10 bps ) based upon their own discounted cash flow calculations of our portfolio that reflected conditions in the secondary market , and any recently executed servicing transactions . pnc compares its internally-developed residential msrs value to the ranges of values received from the brokers . if our residential msrs fair value falls outside of the brokers 2019 ranges , management will assess whether a valuation adjustment is warranted . for 2011 and 2010 , pnc 2019s residential msrs value has not fallen outside of the brokers 2019 ranges . we consider our residential msrs value to represent a reasonable estimate of fair value . commercial msrs are purchased or originated when loans are sold with servicing retained . commercial msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . commercial msrs are initially recorded at fair value and are subsequently accounted for at the lower of amortized cost or fair value . commercial msrs are periodically evaluated for impairment . for purposes of impairment , the commercial mortgage servicing rights are stratified based on asset type , which characterizes the predominant risk of the underlying financial asset . the fair value of commercial msrs is estimated by using an internal valuation model . the model calculates the present value of estimated future net servicing cash flows considering estimates of servicing revenue and costs , discount rates and prepayment speeds . pnc employs risk management strategies designed to protect the value of msrs from changes in interest rates and related market factors . residential msrs values are economically hedged with securities and derivatives , including interest-rate swaps , options , and forward mortgage-backed and futures contracts . as interest rates change , these financial instruments are expected to have changes in fair value negatively correlated to the change in fair value of the hedged residential msrs portfolio . the hedge relationships are actively managed in response to changing market conditions over the life of the residential msrs assets . commercial msrs are economically hedged at a macro level or with specific derivatives to protect against a significant decline in interest rates . selecting appropriate financial instruments to economically hedge residential or commercial msrs requires significant management judgment to assess how mortgage rates and prepayment speeds could affect the future values of msrs . hedging results can frequently be less predictable in the short term , but over longer periods of time are expected to protect the economic value of the msrs . the fair value of residential and commercial msrs and significant inputs to the valuation model as of december 31 , 2011 are shown in the tables below . the expected and actual rates of mortgage loan prepayments are significant factors driving the fair value . management uses a third-party model to estimate future residential loan prepayments and internal proprietary models to estimate future commercial loan prepayments . these models have been refined based on current market conditions . future interest rates are another important factor in the valuation of msrs . management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates . the forward rates utilized are derived from the current yield curve for u.s . dollar interest rate swaps and are consistent with pricing of capital markets instruments . changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate . residential mortgage servicing rights dollars in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>dollars in millions</td><td>december 31 2011</td><td>december 312010</td></tr><tr><td>2</td><td>fair value</td><td>$ 647</td><td>$ 1033</td></tr><tr><td>3</td><td>weighted-average life ( in years ) ( a )</td><td>3.6</td><td>5.8</td></tr><tr><td>4</td><td>weighted-average constant prepayment rate ( a )</td><td>22.10% ( 22.10 % )</td><td>12.61% ( 12.61 % )</td></tr><tr><td>5</td><td>weighted-average option adjusted spread</td><td>11.77% ( 11.77 % )</td><td>12.18% ( 12.18 % )</td></tr></table> weighted-average constant prepayment rate ( a ) 22.10% ( 22.10 % ) 12.61% ( 12.61 % ) weighted-average option adjusted spread 11.77% ( 11.77 % ) 12.18% ( 12.18 % ) ( a ) changes in weighted-average life and weighted-average constant prepayment rate reflect the cumulative impact of changes in rates , prepayment expectations and model changes . the pnc financial services group , inc . 2013 form 10-k 65 .\nQuestion: what was the change in the fair value from 2010 to 2011?\nAnswer: 386.0\nQuestion: and what was the fair value in 2010?\nAnswer: 1033.0\nQuestion: how much, then, does that change represent in relation to this 2010 fair value?\n" }, { "role": "agent", "content": "0.37367" } ]
CONVFINQA9520	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nprovision for income taxes increased $ 1791 million in 2012 from 2011 primarily due to the increase in pretax income from continuing operations , including the impact of the resumption of sales in libya in the first quarter of 2012 . the following is an analysis of the effective income tax rates for 2012 and 2011: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>statutory rate applied to income from continuing operations before income taxes</td><td>35% ( 35 % )</td><td>35% ( 35 % )</td></tr><tr><td>3</td><td>effects of foreign operations including foreign tax credits</td><td>18</td><td>6</td></tr><tr><td>4</td><td>change in permanent reinvestment assertion</td><td>2014</td><td>5</td></tr><tr><td>5</td><td>adjustments to valuation allowances</td><td>21</td><td>14</td></tr><tr><td>6</td><td>tax law changes</td><td>2014</td><td>1</td></tr><tr><td>7</td><td>effective income tax rate on continuing operations</td><td>74% ( 74 % )</td><td>61% ( 61 % )</td></tr></table> the effective income tax rate is influenced by a variety of factors including the geographic sources of income and the relative magnitude of these sources of income . the provision for income taxes is allocated on a discrete , stand-alone basis to pretax segment income and to individual items not allocated to segments . the difference between the total provision and the sum of the amounts allocated to segments appears in the \"corporate and other unallocated items\" shown in the reconciliation of segment income to net income below . effects of foreign operations 2013 the effects of foreign operations on our effective tax rate increased in 2012 as compared to 2011 , primarily due to the resumption of sales in libya in the first quarter of 2012 , where the statutory rate is in excess of 90 percent . change in permanent reinvestment assertion 2013 in the second quarter of 2011 , we recorded $ 716 million of deferred u.s . tax on undistributed earnings of $ 2046 million that we previously intended to permanently reinvest in foreign operations . offsetting this tax expense were associated foreign tax credits of $ 488 million . in addition , we reduced our valuation allowance related to foreign tax credits by $ 228 million due to recognizing deferred u.s . tax on previously undistributed earnings . adjustments to valuation allowances 2013 in 2012 and 2011 , we increased the valuation allowance against foreign tax credits because it is more likely than not that we will be unable to realize all u.s . benefits on foreign taxes accrued in those years . see item 8 . financial statements and supplementary data - note 10 to the consolidated financial statements for further information about income taxes . discontinued operations is presented net of tax , and reflects our downstream business that was spun off june 30 , 2011 and our angola business which we agreed to sell in 2013 . see item 8 . financial statements and supplementary data 2013 notes 3 and 6 to the consolidated financial statements for additional information. .\nQuestion: what is the effective income tax rate on continuing operations in 2012?\nAnswer: 74.0\nQuestion: what about in 2011?\nAnswer: 61.0\nQuestion: what is the sum for these two years?\nAnswer: 135.0\nQuestion: what about the average?\nAnswer: 67.5\nQuestion: what is the amount adjustments to valuation allowances in 2012?\nAnswer: 21.0\nQuestion: what about in 2011?\n" }, { "role": "agent", "content": "14.0" } ]
CONVFINQA1605	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nallowance for doubtful accounts is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 160</td><td>$ 133</td><td>$ 86</td></tr><tr><td>3</td><td>provision</td><td>38</td><td>54</td><td>65</td></tr><tr><td>4</td><td>amounts written off</td><td>-13 ( 13 )</td><td>-27 ( 27 )</td><td>-18 ( 18 )</td></tr><tr><td>5</td><td>balance at end of year</td><td>$ 185</td><td>$ 160</td><td>$ 133</td></tr></table> discontinued operations during the fourth quarter of 2009 , schlumberger recorded a net $ 22 million charge related to the resolution of a customs assessment pertaining to its former offshore contract drilling business , as well as the resolution of certain contingencies associated with other previously disposed of businesses . this amount is included in income ( loss ) from discontinued operations in the consolidated statement of income . during the first quarter of 2008 , schlumberger recorded a gain of $ 38 million related to the resolution of a contingency associated with a previously disposed of business . this gain is included in income ( loss ) from discon- tinued operations in the consolidated statement of income . part ii , item 8 .\nQuestion: what is the allowance in doubtful accounts in 2010?\nAnswer: 185.0\nQuestion: what about in 2009?\nAnswer: 160.0\nQuestion: what is the change in these years?\nAnswer: 25.0\nQuestion: what is the allowance in doubtful accounts in 2009?\nAnswer: 160.0\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.15625" } ]
CONVFINQA4851	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe aggregate changes in the balance of gross unrecognized tax benefits , which excludes interest and penalties , for 2012 , 2011 , and 2010 , is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 1375</td><td>$ 943</td><td>$ 971</td></tr><tr><td>3</td><td>increases related to tax positions taken during a prior year</td><td>340</td><td>49</td><td>61</td></tr><tr><td>4</td><td>decreases related to tax positions taken during a prior year</td><td>-107 ( 107 )</td><td>-39 ( 39 )</td><td>-224 ( 224 )</td></tr><tr><td>5</td><td>increases related to tax positions taken during the current year</td><td>467</td><td>425</td><td>240</td></tr><tr><td>6</td><td>decreases related to settlements with taxing authorities</td><td>-3 ( 3 )</td><td>0</td><td>-102 ( 102 )</td></tr><tr><td>7</td><td>decreases related to expiration of statute of limitations</td><td>-10 ( 10 )</td><td>-3 ( 3 )</td><td>-3 ( 3 )</td></tr><tr><td>8</td><td>ending balance</td><td>$ 2062</td><td>$ 1375</td><td>$ 943</td></tr></table> the company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes . as of september 29 , 2012 and september 24 , 2011 , the total amount of gross interest and penalties accrued was $ 401 million and $ 261 million , respectively , which is classified as non-current liabilities in the consolidated balance sheets . in connection with tax matters , the company recognized interest expense in 2012 and 2011 of $ 140 million and $ 14 million , respectively , and in 2010 the company recognized an interest benefit of $ 43 million . the company is subject to taxation and files income tax returns in the u.s . federal jurisdiction and in many state and foreign jurisdictions . for u.s . federal income tax purposes , all years prior to 2004 are closed . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . in addition , the company is also subject to audits by state , local and foreign tax authorities . in major states and major foreign jurisdictions , the years subsequent to 1989 and 2002 , respectively , generally remain open and could be subject to examination by the taxing authorities . management believes that an adequate provision has been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income tax in the period such resolution occurs . although timing of the resolution and/or closure of audits is not certain , the company believes it is reasonably possible that tax audit resolutions could reduce its unrecognized tax benefits by between $ 120 million and $ 170 million in the next 12 months . note 6 2013 shareholders 2019 equity and share-based compensation preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding . under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock . dividend and stock repurchase program in 2012 , the board of directors of the company approved a dividend policy pursuant to which it plans to make , subject to subsequent declaration , quarterly dividends of $ 2.65 per share . on july 24 , 2012 , the board of directors declared a dividend of $ 2.65 per share to shareholders of record as of the close of business on august 13 , 2012 . the company paid $ 2.5 billion in conjunction with this dividend on august 16 , 2012 . no dividends were declared in the first three quarters of 2012 or in 2011 and 2010. .\nQuestion: what is the net change in gross unrecognized tax benefits from 2010 to 2011?\n" }, { "role": "agent", "content": "432.0" } ]
CONVFINQA4290	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 30 of 94 are included in capital spending amounts . another example is the company 2019s decision in 2007 to contribute an additional $ 44.5 million ( $ 27.3 million ) to its pension plans as part of its overall debt reduction plan . based on this , our consolidated free cash flow is summarized as follows: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>cash flows from operating activities</td><td>$ 673.0</td><td>$ 401.4</td><td>$ 558.8</td></tr><tr><td>3</td><td>incremental pension funding net of tax</td><td>27.3</td><td>2013</td><td>2013</td></tr><tr><td>4</td><td>capital spending</td><td>-308.5 ( 308.5 )</td><td>-279.6 ( 279.6 )</td><td>-291.7 ( 291.7 )</td></tr><tr><td>5</td><td>proceeds for replacement of fire-damaged assets</td><td>48.6</td><td>61.3</td><td>2013</td></tr><tr><td>6</td><td>free cash flow</td><td>$ 440.4</td><td>$ 183.1</td><td>$ 267.1</td></tr></table> based on information currently available , we estimate cash flows from operating activities for 2008 to be approximately $ 650 million , capital spending to be approximately $ 350 million and free cash flow to be in the $ 300 million range . capital spending of $ 259.9 million ( net of $ 48.6 million in insurance recoveries ) in 2007 was below depreciation and amortization expense of $ 281 million . we continue to invest capital in our best performing operations , including projects to increase custom can capabilities , improve beverage can and end making productivity and add more beverage can capacity in europe , as well as expenditures in the aerospace and technologies segment . of the $ 350 million of planned capital spending for 2008 , approximately $ 180 million will be spent on top-line sales growth projects . debt facilities and refinancing interest-bearing debt at december 31 , 2007 , decreased $ 93.1 million to $ 2358.6 million from $ 2451.7 million at december 31 , 2006 . the 2007 debt decrease from 2006 was primarily attributed to debt payments offset by higher foreign exchange rates . at december 31 , 2007 , $ 705 million was available under the company 2019s multi-currency revolving credit facilities . the company also had $ 345 million of short-term uncommitted credit facilities available at the end of the year , of which $ 49.7 million was outstanding . on october 13 , 2005 , ball refinanced its senior secured credit facilities and during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due august 2006 primarily through the drawdown of funds under the new credit facilities . the refinancing and redemption resulted in a pretax debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) to reflect the call premium associated with the senior notes and the write off of unamortized debt issuance costs . the company has a receivables sales agreement that provides for the ongoing , revolving sale of a designated pool of trade accounts receivable of ball 2019s north american packaging operations , up to $ 250 million . the agreement qualifies as off-balance sheet financing under the provisions of statement of financial accounting standards ( sfas ) no . 140 , as amended by sfas no . 156 . net funds received from the sale of the accounts receivable totaled $ 170 million and $ 201.3 million at december 31 , 2007 and 2006 , respectively , and are reflected as a reduction of accounts receivable in the consolidated balance sheets . the company was not in default of any loan agreement at december 31 , 2007 , and has met all payment obligations . the u.s . note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness . additional details about the company 2019s receivables sales agreement and debt are available in notes 7 and 13 , respectively , accompanying the consolidated financial statements within item 8 of this report. .\nQuestion: what amount will be spent to impact top line sales?\nAnswer: 180.0\nQuestion: what about the estaimted total capital spendings in 2008?\nAnswer: 350.0\nQuestion: what portion goes to impact opt lines sales?\nAnswer: 0.51429\nQuestion: what is the net change in capital spending from 2006 to 2007?\nAnswer: 28.9\nQuestion: what was the capital spending in 2016?\n" }, { "role": "agent", "content": "279.6" } ]
CONVFINQA1288	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbacklog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>-</td><td>( in millions except percentages )</td></tr><tr><td>2</td><td>silicon systems</td><td>$ 1720</td><td>55% ( 55 % )</td><td>$ 1400</td><td>48% ( 48 % )</td></tr><tr><td>3</td><td>applied global services</td><td>812</td><td>26% ( 26 % )</td><td>775</td><td>27% ( 27 % )</td></tr><tr><td>4</td><td>display</td><td>525</td><td>16% ( 16 % )</td><td>593</td><td>20% ( 20 % )</td></tr><tr><td>5</td><td>energy and environmental solutions</td><td>85</td><td>3% ( 3 % )</td><td>149</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 3142</td><td>100% ( 100 % )</td><td>$ 2917</td><td>100% ( 100 % )</td></tr></table> applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. .\nQuestion: what was the display value in 2015?\nAnswer: 525.0\nQuestion: what was the 2014 value?\n" }, { "role": "agent", "content": "593.0" } ]
CONVFINQA4438	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmasco corporation notes to consolidated financial statements ( continued ) t . other commitments and contingencies litigation . we are subject to claims , charges , litigation and other proceedings in the ordinary course of our business , including those arising from or related to contractual matters , intellectual property , personal injury , environmental matters , product liability , construction defect , insurance coverage , personnel and employment disputes and other matters , including class actions . we believe we have adequate defenses in these matters and that the outcome of these matters is not likely to have a material adverse effect on us . however , there is no assurance that we will prevail in these matters , and we could in the future incur judgments , enter into settlements of claims or revise our expectations regarding the outcome of these matters , which could materially impact our results of operations . in july 2012 , the company reached a settlement agreement related to the columbus drywall litigation . the company and its insulation installation companies named in the suit agreed to pay $ 75 million in return for dismissal with prejudice and full release of all claims . the company and its insulation installation companies continue to deny that the challenged conduct was unlawful and admit no wrongdoing as part of the settlement . a settlement was reached to eliminate the considerable expense and uncertainty of this lawsuit . the company recorded the settlement expense in the second quarter of 2012 and the amount was paid in the fourth quarter of 2012 . warranty . at the time of sale , the company accrues a warranty liability for the estimated cost to provide products , parts or services to repair or replace products in satisfaction of warranty obligations . during the third quarter of 2012 , a business in the other specialty products segment recorded a $ 12 million increase in expected future warranty claims resulting from the completion of an analysis prepared by the company based upon its periodic assessment of recent business unit specific operating trends including , among others , home ownership demographics , sales volumes , manufacturing quality , an analysis of recent warranty claim activity and an estimate of current costs to service anticipated claims . changes in the company 2019s warranty liability were as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 102</td><td>$ 107</td></tr><tr><td>3</td><td>accruals for warranties issued during the year</td><td>42</td><td>28</td></tr><tr><td>4</td><td>accruals related to pre-existing warranties</td><td>16</td><td>8</td></tr><tr><td>5</td><td>settlements made ( in cash or kind ) during the year</td><td>-38 ( 38 )</td><td>-38 ( 38 )</td></tr><tr><td>6</td><td>other net ( including currency translation )</td><td>-4 ( 4 )</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>balance at december 31</td><td>$ 118</td><td>$ 102</td></tr></table> investments . with respect to the company 2019s investments in private equity funds , the company had , at december 31 , 2012 , commitments to contribute up to $ 19 million of additional capital to such funds representing the company 2019s aggregate capital commitment to such funds less capital contributions made to date . the company is contractually obligated to make additional capital contributions to certain of its private equity funds upon receipt of a capital call from the private equity fund . the company has no control over when or if the capital calls will occur . capital calls are funded in cash and generally result in an increase in the carrying value of the company 2019s investment in the private equity fund when paid. .\nQuestion: what was the value of accruals for warranties issued during the year 2012?\nAnswer: 42.0\nQuestion: what was the value of accruals for warranties issued during the year 2011?\nAnswer: 28.0\nQuestion: what was the net value change?\n" }, { "role": "agent", "content": "14.0" } ]
CONVFINQA6040	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial conditionand results of operations d u k e r e a l t y c o r p o r a t i o n 1 1 2 0 0 2 a n n u a l r e p o r t 2022 interest expense on the company 2019s secured debt decreased from $ 30.8 million in 2001 to $ 22.9 million in 2002 as the company paid off $ 13.5 million of secured debt throughout 2002 and experienced lower borrowings on its secured line of credit during 2002 compared to 2001 . additionally , the company paid off approximately $ 128.5 million of secured debt throughout 2001 . 2022 interest expense on the company 2019s $ 500 million unsecured line of credit decreased by approximately $ 1.1 million in 2002 compared to 2001 as the company maintained lower balances on the line throughout most of 2002 . as a result of the above-mentioned items , earnings from rental operations decreased $ 35.0 million from $ 254.1 million for the year ended december 31 , 2001 , to $ 219.1 million for the year ended december 31 , 2002 . service operations service operations primarily consist of leasing , management , construction and development services for joint venture properties and properties owned by third parties . service operations revenues decreased from $ 80.5 million for the year ended december 31 , 2001 , to $ 68.6 million for the year ended december 31 , 2002 . the prolonged effect of the slow economy has been the primary factor in the overall decrease in revenues . the company experienced a decrease of $ 12.7 million in net general contractor revenues because of a decrease in the volume of construction in 2002 , compared to 2001 , as well as slightly lower profit margins . property management , maintenance and leasing fee revenues decreased from $ 22.8 million in 2001 to $ 14.3 million in 2002 primarily because of a decrease in landscaping maintenance revenue resulting from the sale of the landscaping operations in the third quarter of 2001 . construction management and development activity income represents construction and development fees earned on projects where the company acts as the construction manager along with profits from the company 2019s held for sale program whereby the company develops a property for sale upon completion . the increase in revenues of $ 10.3 million in 2002 is primarily due to an increase in volume of the sale of properties from the held for sale program . service operations expenses decreased from $ 45.3 million in 2001 to $ 38.3 million in 2002 . the decrease is attributable to the decrease in construction and development activity and the reduced overhead costs as a result of the sale of the landscape business in 2001 . as a result of the above , earnings from service operations decreased from $ 35.1 million for the year ended december 31 , 2001 , to $ 30.3 million for the year ended december 31 , 2002 . general and administrative expense general and administrative expense increased from $ 15.6 million in 2001 to $ 25.4 million for the year ended december 31 , 2002 . the company has been successful reducing total operating and administration costs ; however , reduced construction and development activities have resulted in a greater amount of overhead being charged to general and administrative expense instead of being capitalized into development projects or charged to service operations . other income and expenses gain on sale of land and depreciable property dispositions , net of impairment adjustment , is comprised of the following amounts in 2002 and 2001 : gain on sales of depreciable properties represent sales of previously held for investment rental properties . beginning in 2000 and continuing into 2001 , the company pursued favorable opportunities to dispose of real estate assets that no longer met long-term investment objectives . in 2002 , the company significantly reduced this property sales program until the business climate improves and provides better investment opportunities for the sale proceeds . gain on land sales represents sales of undeveloped land owned by the company . the company pursues opportunities to dispose of land in markets with a high concentration of undeveloped land and those markets where the land no longer meets strategic development plans of the company . the company recorded a $ 9.4 million adjustment in 2002 associated with six properties determined to have an impairment of book value . the company has analyzed each of its in-service properties and has determined that there are no additional valuation adjustments that need to be made as of december 31 , 2002 . the company recorded an adjustment of $ 4.8 million in 2001 for one property that the company had contracted to sell for a price less than its book value . other revenue for the year ended december 31 , 2002 , includes $ 1.4 million of gain related to an interest rate swap that did not qualify for hedge accounting. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>gain on sales of depreciable properties</td><td>$ 4491</td><td>$ 45428</td></tr><tr><td>3</td><td>gain on land sales</td><td>4478</td><td>5080</td></tr><tr><td>4</td><td>impairment adjustment</td><td>-9379 ( 9379 )</td><td>-4800 ( 4800 )</td></tr><tr><td>5</td><td>total</td><td>$ -410 ( 410 )</td><td>$ 45708</td></tr></table> .\nQuestion: what was the change in the gain on land sales from 2001 to 2002?\nAnswer: -602.0\nQuestion: and what was that gain in 2001?\nAnswer: 5080.0\nQuestion: how much, then, does that change represent in relation to this 2001 gain?\nAnswer: -0.1185\nQuestion: and what is that in percentage?\nAnswer: -11.85039\nQuestion: in that same two year period, what was the variation in the total of general and administrative expenses?\nAnswer: 9.8\nQuestion: and what is this variation as a percentage of that total in 2001?\n" }, { "role": "agent", "content": "0.62821" } ]
CONVFINQA6500	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2mar201707015999 ( c ) in october 2016 , our accelerated share repurchase ( 2018 2018asr 2019 2019 ) agreement concluded and we received an additional 44 thousand shares of our common stock . shares purchased pursuant to the asr agreement are presented in the table above in the periods in which they were received . performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 at the market close on december 30 , 2011 and reinvestment of dividends . comparison of 5 year cumulative total return 2011 2012 2016201520142013 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment index december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 127.54</td><td>$ 93.01</td><td>$ 180.17</td><td>$ 223.42</td><td>$ 265.06</td></tr><tr><td>3</td><td>s&p 500</td><td>116.00</td><td>153.58</td><td>174.60</td><td>177.01</td><td>198.18</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>117.42</td><td>150.28</td><td>181.96</td><td>194.37</td><td>207.46</td></tr></table> .\nQuestion: what is the increase in value of an investment in edwards lifesciences from 2011 to 2016?\nAnswer: 165.06\nQuestion: what percentage change does this represent?\nAnswer: 1.6506\nQuestion: what about the value of an investment in s&p500 in 2016?\nAnswer: 198.18\nQuestion: what is the net increase?\nAnswer: 98.18\nQuestion: what percentage change does this represenet?\n" }, { "role": "agent", "content": "0.9818" } ]
CONVFINQA1879	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nlikely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>oil ( mmbbls )</td><td>gas ( bcf )</td><td>ngls ( mmbbls )</td><td>total ( mmboe )</td></tr><tr><td>2</td><td>u.s . onshore</td><td>17</td><td>736</td><td>34</td><td>174</td></tr><tr><td>3</td><td>canada</td><td>28</td><td>199</td><td>3</td><td>64</td></tr><tr><td>4</td><td>north america onshore</td><td>45</td><td>935</td><td>37</td><td>238</td></tr></table> oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .\nQuestion: what is the amount of gas supplied from us onshore?\nAnswer: 736.0\nQuestion: what is the total amount of gas that comes from north america onshore?\nAnswer: 935.0\nQuestion: what is the ratio of gas from us onshore?\n" }, { "role": "agent", "content": "0.78717" } ]
CONVFINQA1102	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsupplemental pro forma financial information ( unaudited ) the following table presents summarized unaudited pro forma financial information as if sikorsky had been included in our financial results for the entire year in 2015 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>net sales</td><td>$ 45366</td></tr><tr><td>2</td><td>net earnings</td><td>3534</td></tr><tr><td>3</td><td>basic earnings per common share</td><td>11.39</td></tr><tr><td>4</td><td>diluted earnings per common share</td><td>11.23</td></tr></table> the unaudited supplemental pro forma financial data above has been calculated after applying our accounting policies and adjusting the historical results of sikorskywith pro forma adjustments , net of tax , that assume the acquisition occurred on january 1 , 2015 . significant pro forma adjustments include the recognition of additional amortization expense related to acquired intangible assets and additional interest expense related to the short-term debt used to finance the acquisition . these adjustments assume the application of fair value adjustments to intangibles and the debt issuance occurred on january 1 , 2015 and are approximated as follows : amortization expense of $ 125million and interest expense of $ 40million . in addition , significant nonrecurring adjustments include the elimination of a $ 72million pension curtailment loss , net of tax , recognized in 2015 and the elimination of a $ 58 million income tax charge related to historic earnings of foreign subsidiaries recognized by sikorsky in 2015 . the unaudited supplemental pro forma financial information also reflects an increase in interest expense , net of tax , of approximately $ 110 million in 2015 . the increase in interest expense is the result of assuming the november 2015 notes were issued on january 1 , 2015 . proceeds of the november 2015 notes were used to repay all outstanding borrowings under the 364- day facility used to finance a portion of the purchase price of sikorsky , as contemplated at the date of acquisition . the unaudited supplemental pro forma financial information does not reflect the realization of any expected ongoing cost or revenue synergies relating to the integration of the two companies . further , the pro forma data should not be considered indicative of the results that would have occurred if the acquisition , related financing and associated notes issuance and repayment of the 364-day facility had been consummated on january 1 , 2015 , nor are they indicative of future results . consolidation of awemanagement limited on august 24 , 2016 , we increased our ownership interest in the awe joint venture , which operates the united kingdom 2019s nuclear deterrent program , from 33% ( 33 % ) to 51% ( 51 % ) . at which time , we began consolidating awe . consequently , our operating results include 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . prior to increasing our ownership interest , we accounted for our investment inawe using the equity method of accounting . under the equity method , we recognized only 33% ( 33 % ) ofawe 2019s earnings or losses and no sales.accordingly , prior toaugust 24 , 2016 , the date we obtained control , we recorded 33%ofawe 2019s net earnings in our operating results and subsequent to august 24 , 2016 , we recognized 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . we accounted for this transaction as a 201cstep acquisition 201d ( as defined by u.s . gaap ) , which requires us to consolidate and record the assets and liabilities ofawe at fair value.accordingly , we recorded intangible assets of $ 243million related to customer relationships , $ 32 million of net liabilities , and noncontrolling interests of $ 107 million . the intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows . in 2016we recognized a non-cash net gain of $ 104million associatedwith obtaining a controlling interest inawewhich consisted of a $ 127 million pretax gain recognized in the operating results of our space business segment and $ 23 million of tax-related items at our corporate office . the gain represents the fair value of our 51% ( 51 % ) interest inawe , less the carrying value of our previously held investment inawe and deferred taxes . the gainwas recorded in other income , net on our consolidated statements of earnings . the fair value ofawe ( including the intangible assets ) , our controlling interest , and the noncontrolling interests were determined using the income approach . divestiture of the information systems & global solutions business onaugust 16 , 2016wedivested our former is&gsbusinesswhichmergedwithleidos , in areversemorristrust transactionrr ( the 201ctransaction 201d ) . the transaction was completed in a multi-step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock ofabacus was distributed to participating lockheedmartin stockholders through an exchange offer . under the terms of the exchange offer , lockheedmartin stockholders had the option to exchange shares of lockheedmartin common stock for shares of abacus common stock . at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange.the shares of lockheedmartin common stock thatwere exchanged and acceptedwere retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) . following the exchange offer , abacus merged with .\nQuestion: what is the net earnings in 2015?\nAnswer: 3534.0\nQuestion: what about the total sales?\n" }, { "role": "agent", "content": "45366.0" } ]
CONVFINQA3329	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc . under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing . the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group . the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc . the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims . many of these companies are also used by our compensation committee for purposes of compensation benchmarking . the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any . the s&p 500 and our peer group are included for comparative purposes only . they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock . s&p 500 quintilesims peer group . <table class='wikitable'><tr><td>1</td><td>-</td><td>5/9/2013</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>q</td><td>$ 100</td><td>$ 110</td><td>$ 140</td><td>$ 163</td><td>$ 181</td></tr><tr><td>3</td><td>peer group</td><td>$ 100</td><td>$ 116</td><td>$ 143</td><td>$ 151</td><td>$ 143</td></tr><tr><td>4</td><td>s&p 500</td><td>$ 100</td><td>$ 114</td><td>$ 127</td><td>$ 126</td><td>$ 138</td></tr></table> item 6 . selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .\nQuestion: what was the value of the q stock in 2014?\nAnswer: 140.0\nQuestion: and what was the change in this value since may 2013?\nAnswer: 40.0\nQuestion: how much did this change represent in relation to that value in may 2013?\nAnswer: 0.4\nQuestion: in that same period, what was that change for the s&p500 stock?\nAnswer: 27.0\nQuestion: and what was this change as a portion of the value of this stock in may 2013?\n" }, { "role": "agent", "content": "0.27" } ]
CONVFINQA674	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nduring 2012 , the company granted selected employees an aggregate of 139 thousand rsus with internal performance measures and , separately , certain market thresholds . these awards vested in january 2015 . the terms of the grants specified that to the extent certain performance goals , comprised of internal measures and , separately , market thresholds were achieved , the rsus would vest ; if performance goals were surpassed , up to 175% ( 175 % ) of the target awards would be distributed ; and if performance goals were not met , the awards would be forfeited . in january 2015 , an additional 93 thousand rsus were granted and distributed because performance thresholds were exceeded . in 2015 , 2014 and 2013 , the company granted rsus , both with and without performance conditions , to certain employees under the 2007 plan . the rsus without performance conditions vest ratably over the three- year service period beginning january 1 of the year of the grant and the rsus with performance conditions vest ratably over the three-year performance period beginning january 1 of the year of the grant ( the 201cperformance period 201d ) . distribution of the performance shares is contingent upon the achievement of internal performance measures and , separately , certain market thresholds over the performance period . during 2015 , 2014 and 2013 , the company granted rsus to non-employee directors under the 2007 plan . the rsus vested on the date of grant ; however , distribution of the shares will be made within 30 days of the earlier of : ( i ) 15 months after grant date , subject to any deferral election by the director ; or ( ii ) the participant 2019s separation from service . because these rsus vested on the grant date , the total grant date fair value was recorded in operation and maintenance expense included in the expense table above on the grant date . rsus generally vest over periods ranging from one to three years . rsus granted with service-only conditions and those with internal performance measures are valued at the market value of the closing price of the company 2019s common stock on the date of grant . rsus granted with market conditions are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table presents the weighted-average assumptions used in the monte carlo simulation and the weighted-average grant date fair values of rsus granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>expected volatility</td><td>14.93% ( 14.93 % )</td><td>17.78% ( 17.78 % )</td><td>19.37% ( 19.37 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.07% ( 1.07 % )</td><td>0.75% ( 0.75 % )</td><td>0.40% ( 0.40 % )</td></tr><tr><td>4</td><td>expected life ( years )</td><td>3.0</td><td>3.0</td><td>3.0</td></tr><tr><td>5</td><td>grant date fair value per share</td><td>$ 62.10</td><td>$ 45.45</td><td>$ 40.13</td></tr></table> the grant date fair value of restricted stock awards that vest ratably and have market and/or performance and service conditions are amortized through expense over the requisite service period using the graded-vesting method . rsus that have no performance conditions are amortized through expense over the requisite service period using the straight-line method and are included in operations expense in the accompanying consolidated statements of operations . as of december 31 , 2015 , $ 4 of total unrecognized compensation cost related to the nonvested restricted stock units is expected to be recognized over the weighted-average remaining life of 1.4 years . the total grant date fair value of rsus vested was $ 12 , $ 11 and $ 9 for the years ended december 31 , 2015 , 2014 and 2013. .\nQuestion: what was the fair value per share in 2014?\n" }, { "role": "agent", "content": "45.45" } ]
CONVFINQA5612	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart i item 1 . business our company founded in 1886 , american water works company , inc. , ( the 201ccompany , 201d 201camerican water 201d or 201caww 201d ) is a delaware holding company . american water is the most geographically diversified , as well as the largest publicly-traded , united states water and wastewater utility company , as measured by both operating revenues and population served . as a holding company , we conduct substantially all of our business operations through our subsidiaries . our approximately 6400 employees provide an estimated 15 million people with drinking water , wastewater and/or other water-related services in 47 states and one canadian province . operating segments we report our results of operations in two operating segments : the regulated businesses and the market- based operations . additional information with respect to our operating segment results is included in the section entitled 201citem 7 2014management 2019s discussion and analysis of financial condition and results of operations , 201d and note 18 of the consolidated financial statements . regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers . we report the results of this business in our regulated businesses segment . our subsidiaries that provide these services are generally subject to economic regulation by certain state commissions or other entities engaged in economic regulation , hereafter referred to as public utility commissions , or 201cpucs , 201d of the states in which we operate . the federal and state governments also regulate environmental , health and safety , and water quality matters . our regulated businesses segment operating revenues were $ 2674.3 million for 2014 , $ 2539.9 for 2013 , $ 2564.4 million for 2012 , accounting for 88.8% ( 88.8 % ) , 90.1% ( 90.1 % ) and 89.9% ( 89.9 % ) , respectively , of total operating revenues for the same periods . the following table sets forth our regulated businesses operating revenues , number of customers and an estimate of population served as of december 31 , 2014 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total . <table class='wikitable'><tr><td>1</td><td>new jersey</td><td>operatingrevenues ( in millions ) $ 652.3</td><td>% ( % ) of total 24.5% ( 24.5 % )</td><td>number ofcustomers 648066</td><td>% ( % ) of total 20.2% ( 20.2 % )</td><td>estimatedpopulationserved ( in millions ) 2.7</td><td>% ( % ) of total 22.7% ( 22.7 % )</td></tr><tr><td>2</td><td>pennsylvania</td><td>605.4</td><td>22.6% ( 22.6 % )</td><td>666415</td><td>20.7% ( 20.7 % )</td><td>2.2</td><td>18.5% ( 18.5 % )</td></tr><tr><td>3</td><td>missouri</td><td>270.2</td><td>10.1% ( 10.1 % )</td><td>464498</td><td>14.4% ( 14.4 % )</td><td>1.5</td><td>12.7% ( 12.7 % )</td></tr><tr><td>4</td><td>illinois ( a )</td><td>262.3</td><td>9.8% ( 9.8 % )</td><td>312017</td><td>9.7% ( 9.7 % )</td><td>1.3</td><td>10.9% ( 10.9 % )</td></tr><tr><td>5</td><td>california</td><td>209.8</td><td>7.8% ( 7.8 % )</td><td>174198</td><td>5.4% ( 5.4 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>6</td><td>indiana</td><td>200.6</td><td>7.5% ( 7.5 % )</td><td>293666</td><td>9.1% ( 9.1 % )</td><td>1.2</td><td>10.1% ( 10.1 % )</td></tr><tr><td>7</td><td>west virginia ( b )</td><td>127.0</td><td>4.7% ( 4.7 % )</td><td>170371</td><td>5.3% ( 5.3 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>8</td><td>subtotal ( top seven states )</td><td>2327.6</td><td>87.0% ( 87.0 % )</td><td>2729231</td><td>84.8% ( 84.8 % )</td><td>10.1</td><td>84.9% ( 84.9 % )</td></tr><tr><td>9</td><td>other ( c )</td><td>346.7</td><td>13.0% ( 13.0 % )</td><td>489961</td><td>15.2% ( 15.2 % )</td><td>1.8</td><td>15.1% ( 15.1 % )</td></tr><tr><td>10</td><td>total regulated businesses</td><td>$ 2674.3</td><td>100.0% ( 100.0 % )</td><td>3219192</td><td>100.0% ( 100.0 % )</td><td>11.9</td><td>100.0% ( 100.0 % )</td></tr></table> ( a ) includes illinois-american water company , which we refer to as ilawc and american lake water company , also a regulated subsidiary in illinois. .\nQuestion: what is the number of the total estimated population served, times 1000000?\nAnswer: 11900000.0\nQuestion: what is the total business number of customers over total estimated population served?\n" }, { "role": "agent", "content": "0.27052" } ]
CONVFINQA9633	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2014 ( continued ) ucs . as of may 31 , 2009 , $ 55.0 million of the purchase price was held in escrow ( the 201cescrow account 201d ) . prior to our acquisition of ucs , the former parent company of ucs pledged the company 2019s stock as collateral for a third party loan ( 201cthe loan 201d ) that matures on september 24 , 2009 . upon repayment of this loan , the stock will be released to us and $ 35.0 million of the purchase price will be released to the seller . the remaining $ 20.0 million will remain in escrow until january 1 , 2013 , to satisfy any liabilities discovered post-closing that existed at the purchase date . the purpose of this acquisition was to establish an acquiring presence in the russian market and a foundation for other direct acquiring opportunities in central and eastern europe . the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . upon acquisition of ucs global payments assumed an indirect guarantee of the loan . in the event of a default by the third-party debtor , we would be required to transfer all of the shares of ucs to the trustee or pay the amount outstanding under the loan . at may 31 , 2009 the maximum potential amount of future payments under the guarantee was $ 44.1 million which represents the total outstanding under the loan , consisting of $ 21.8 million due and paid on june 24 , 2009 and $ 22.3 million due on september 24 , 2009 . should the third-party debtor default on the final payment , global payments would pay the total amount outstanding and seek to be reimbursed for any payments made from the $ 55 million held in the escrow account . we did not record an obligation for this guarantee because we determined that the fair value of the guarantee is de minimis . the following table summarizes the preliminary purchase price allocation ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>total current assets</td><td>$ 10657</td></tr><tr><td>2</td><td>goodwill</td><td>35431</td></tr><tr><td>3</td><td>customer-related intangible assets</td><td>16500</td></tr><tr><td>4</td><td>trademark</td><td>3100</td></tr><tr><td>5</td><td>property and equipment</td><td>19132</td></tr><tr><td>6</td><td>other long-term assets</td><td>13101</td></tr><tr><td>7</td><td>total assets acquired</td><td>97921</td></tr><tr><td>8</td><td>current liabilities</td><td>-7245 ( 7245 )</td></tr><tr><td>9</td><td>notes payable</td><td>-8227 ( 8227 )</td></tr><tr><td>10</td><td>deferred income taxes and other long-term liabilities</td><td>-7449 ( 7449 )</td></tr><tr><td>11</td><td>total liabilities assumed</td><td>-22921 ( 22921 )</td></tr><tr><td>12</td><td>net assets acquired</td><td>$ 75000</td></tr></table> all of the goodwill associated with the acquisition is non-deductible for tax purposes . the customer-related intangible assets have amortization periods of 9 to 15 years . the trademark has an amortization period of 10 years . global payments asia-pacific philippines incorporated on september 4 , 2008 , global payments asia-pacific , limited ( 201cgpap 201d ) , the entity through which we conduct our merchant acquiring business in the asia-pacific region , indirectly acquired global payments asia- pacific philippines incorporated ( 201cgpap philippines 201d ) , a newly formed company into which hsbc asia pacific contributed its merchant acquiring business in the philippines . we own 56% ( 56 % ) of gpap and hsbc asia pacific .\nQuestion: in thousands, what will be the annual amortization expense for the trademark segment?\n" }, { "role": "agent", "content": "310.0" } ]
CONVFINQA7675	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating expenses millions 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2010</td><td>2009</td><td>2008</td><td>% ( % ) change 2010 v 2009</td><td>% ( % ) change2009 v 2008</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 4314</td><td>$ 4063</td><td>$ 4457</td><td>6% ( 6 % )</td><td>( 9 ) % ( % )</td></tr><tr><td>3</td><td>fuel</td><td>2486</td><td>1763</td><td>3983</td><td>41</td><td>-56 ( 56 )</td></tr><tr><td>4</td><td>purchased services and materials</td><td>1836</td><td>1644</td><td>1928</td><td>12</td><td>-15 ( 15 )</td></tr><tr><td>5</td><td>depreciation</td><td>1487</td><td>1427</td><td>1366</td><td>4</td><td>4</td></tr><tr><td>6</td><td>equipment and other rents</td><td>1142</td><td>1180</td><td>1326</td><td>-3 ( 3 )</td><td>-11 ( 11 )</td></tr><tr><td>7</td><td>other</td><td>719</td><td>687</td><td>840</td><td>5</td><td>-18 ( 18 )</td></tr><tr><td>8</td><td>total</td><td>$ 11984</td><td>$ 10764</td><td>$ 13900</td><td>11% ( 11 % )</td><td>( 23 ) % ( % )</td></tr></table> operating expenses increased $ 1.2 billion in 2010 versus 2009 . our fuel price per gallon increased 31% ( 31 % ) during the year , accounting for $ 566 million of the increase . wage and benefit inflation , depreciation , volume-related costs , and property taxes also contributed to higher expenses during 2010 compared to 2009 . cost savings from productivity improvements and better resource utilization partially offset these increases . operating expenses decreased $ 3.1 billion in 2009 versus 2008 . our fuel price per gallon declined 44% ( 44 % ) during 2009 , decreasing operating expenses by $ 1.3 billion compared to 2008 . cost savings from lower volume , productivity improvements , and better resource utilization also decreased operating expenses in 2009 . in addition , lower casualty expense resulting primarily from improving trends in safety performance decreased operating expenses in 2009 . conversely , wage and benefit inflation partially offset these reductions . compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs . general wage and benefit inflation increased costs by approximately $ 190 million in 2010 compared to 2009 . volume- related expenses and higher equity and incentive compensation also drove costs up during the year . workforce levels declined 1% ( 1 % ) in 2010 compared to 2009 as network efficiencies and ongoing productivity initiatives enabled us to effectively handle the 13% ( 13 % ) increase in volume levels with fewer employees . lower volume and productivity initiatives led to a 10% ( 10 % ) decline in our workforce in 2009 compared to 2008 , saving $ 516 million during the year . conversely , general wage and benefit inflation increased expenses , partially offsetting these savings . fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment . higher diesel fuel prices , which averaged $ 2.29 per gallon ( including taxes and transportation costs ) in 2010 compared to $ 1.75 per gallon in 2009 , increased expenses by $ 566 million . volume , as measured by gross ton-miles , increased 10% ( 10 % ) in 2010 versus 2009 , driving fuel expense up by $ 166 million . conversely , the use of newer , more fuel efficient locomotives , our fuel conservation programs and efficient network operations drove a 3% ( 3 % ) improvement in our fuel consumption rate in 2010 , resulting in $ 40 million of cost savings versus 2009 at the 2009 average fuel price . lower diesel fuel prices , which averaged $ 1.75 per gallon ( including taxes and transportation costs ) in 2009 compared to $ 3.15 per gallon in 2008 , reduced expenses by $ 1.3 billion in 2009 . volume , as measured by gross ton-miles , decreased 17% ( 17 % ) in 2009 , lowering expenses by $ 664 million compared to 2008 . our fuel consumption rate improved 4% ( 4 % ) in 2009 , resulting in $ 147 million of cost savings versus 2008 at the 2008 average fuel price . the consumption rate savings versus 2008 using the lower 2009 fuel price was $ 68 million . newer , more fuel efficient locomotives , reflecting locomotive acquisitions in recent years and the impact of a smaller fleet due to storage of some of our older locomotives ; increased use of 2010 operating expenses .\nQuestion: what is the sum of operating expense for 2009 and 2010?\nAnswer: 22748.0\nQuestion: what was operating expense in 2008?\nAnswer: 13900.0\nQuestion: what is the total sum including all 3 years?\n" }, { "role": "agent", "content": "36648.0" } ]
CONVFINQA2421	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 71 of 94 notes to consolidated financial statements ball corporation and subsidiaries 16 . shareholders 2019 equity ( continued ) on october 24 , 2007 , ball announced the discontinuance of the company 2019s discount on the reinvestment of dividends associated with the company 2019s dividend reinvestment and voluntary stock purchase plan for non- employee shareholders . the 5 percent discount was discontinued on november 1 , 2007 . accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>foreign currency translation</td><td>pension and other postretirement items net of tax</td><td>effective financial derivatives net of tax</td><td>accumulated other comprehensive earnings ( loss )</td></tr><tr><td>2</td><td>december 31 2004</td><td>$ 148.9</td><td>$ -126.3 ( 126.3 )</td><td>$ 10.6</td><td>$ 33.2</td></tr><tr><td>3</td><td>2005 change</td><td>-74.3 ( 74.3 )</td><td>-43.6 ( 43.6 )</td><td>-16.0 ( 16.0 )</td><td>-133.9 ( 133.9 )</td></tr><tr><td>4</td><td>december 31 2005</td><td>74.6</td><td>-169.9 ( 169.9 )</td><td>-5.4 ( 5.4 )</td><td>-100.7 ( 100.7 )</td></tr><tr><td>5</td><td>2006 change</td><td>57.2</td><td>55.9</td><td>6.0</td><td>119.1</td></tr><tr><td>6</td><td>effect of sfas no . 158 adoption ( a )</td><td>2013</td><td>-47.9 ( 47.9 )</td><td>2013</td><td>-47.9 ( 47.9 )</td></tr><tr><td>7</td><td>december 31 2006</td><td>131.8</td><td>-161.9 ( 161.9 )</td><td>0.6</td><td>-29.5 ( 29.5 )</td></tr><tr><td>8</td><td>2007 change</td><td>90.0</td><td>57.9</td><td>-11.5 ( 11.5 )</td><td>136.4</td></tr><tr><td>9</td><td>december 31 2007</td><td>$ 221.8</td><td>$ -104.0 ( 104.0 )</td><td>$ -10.9 ( 10.9 )</td><td>$ 106.9</td></tr></table> ( a ) within the company 2019s 2006 annual report , the consolidated statement of changes in shareholders 2019 equity for the year ended december 31 , 2006 , included a transition adjustment of $ 47.9 million , net of tax , related to the adoption of sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension plans and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) , 201d as a component of 2006 comprehensive earnings rather than only as an adjustment to accumulated other comprehensive loss . the 2006 amounts have been revised to correct the previous reporting . notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings . therefore , no taxes have been provided on the foreign currency translation component for any period . the change in the pension and other postretirement items is presented net of related tax expense of $ 31.3 million and $ 2.9 million for 2007 and 2006 , respectively , and a related tax benefit of $ 27.3 million for 2005 . the change in the effective financial derivatives is presented net of related tax benefit of $ 3.2 million for 2007 , related tax expense of $ 5.7 million for 2006 and related tax benefit of $ 10.7 million for 2005 . stock-based compensation programs effective january 1 , 2006 , ball adopted sfas no . 123 ( revised 2004 ) , 201cshare based payment , 201d which is a revision of sfas no . 123 and supersedes apb opinion no . 25 . the new standard establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services , including stock option and restricted stock grants . the major differences for ball are that ( 1 ) expense is now recorded in the consolidated statements of earnings for the fair value of new stock option grants and nonvested portions of grants made prior to january 1 , 2006 , and ( 2 ) the company 2019s deposit share program ( discussed below ) is no longer a variable plan that is marked to current market value each month through earnings . upon adoption of sfas no . 123 ( revised 2004 ) , ball has chosen to use the modified prospective transition method and the black-scholes valuation model. .\nQuestion: what was the change in accumulated other comprehensive earnings ( loss ) from 2005 to 2006?\nAnswer: 71.2\nQuestion: and what is the percentage this change represents of those losses in 2005?\n" }, { "role": "agent", "content": "0.70705" } ]
CONVFINQA2666	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses increased slightly during 2013 by $ 3.5 to $ 140.8 compared to 2012 , primarily due to an increase in salaries and related expenses , mainly attributable to higher base salaries , benefits and temporary help , partially offset by lower severance expenses and a decrease in office and general expenses . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 831.2</td><td>$ 598.4</td><td>$ 697.2</td></tr><tr><td>3</td><td>net cash used in working capital b2</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td><td>-293.2 ( 293.2 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-30.6 ( 30.6 )</td><td>4.1</td><td>-46.8 ( 46.8 )</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 669.5</td><td>$ 592.9</td><td>$ 357.2</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td><td>-210.2 ( 210.2 )</td></tr><tr><td>7</td><td>net cash ( used in ) provided by financing activities</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td><td>131.3</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2014 was impacted by our media businesses . net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. .\nQuestion: what was the net cash provided by operating activities in 2013?\nAnswer: 592.9\nQuestion: and what was the improvement in that from 2013 to 2014?\n" }, { "role": "agent", "content": "76.6" } ]
CONVFINQA7603	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents adobe inc . notes to consolidated financial statements ( continued ) stock options the 2003 plan allows us to grant options to all employees , including executive officers , outside consultants and non- employee directors . this plan will continue until the earlier of ( i ) termination by the board or ( ii ) the date on which all of the shares available for issuance under the plan have been issued and restrictions on issued shares have lapsed . option vesting periods used in the past were generally four years and expire seven years from the effective date of grant . we eliminated the use of stock option grants for all employees and non-employee directors but may choose to issue stock options in the future . performance share programs our 2018 , 2017 and 2016 performance share programs aim to help focus key employees on building stockholder value , provide significant award potential for achieving outstanding company performance and enhance the ability of the company to attract and retain highly talented and competent individuals . the executive compensation committee of our board of directors approves the terms of each of our performance share programs , including the award calculation methodology , under the terms of our 2003 plan . shares may be earned based on the achievement of an objective relative total stockholder return measured over a three-year performance period . performance share awards will be awarded and fully vest upon the later of the executive compensation committee's certification of the level of achievement or the three-year anniversary of each grant . program participants generally have the ability to receive up to 200% ( 200 % ) of the target number of shares originally granted . on january 24 , 2018 , the executive compensation committee approved the 2018 performance share program , the terms of which are similar to prior year performance share programs as discussed above . as of november 30 , 2018 , the shares awarded under our 2018 , 2017 and 2016 performance share programs are yet to be achieved . issuance of shares upon exercise of stock options , vesting of restricted stock units and performance shares , and purchases of shares under the espp , we will issue treasury stock . if treasury stock is not available , common stock will be issued . in order to minimize the impact of on-going dilution from exercises of stock options and vesting of restricted stock units and performance shares , we instituted a stock repurchase program . see note 12 for information regarding our stock repurchase programs . valuation of stock-based compensation stock-based compensation cost is measured at the grant date based on the fair value of the award . our performance share awards are valued using a monte carlo simulation model . the fair value of the awards are fixed at grant date and amortized over the longer of the remaining performance or service period . we use the black-scholes option pricing model to determine the fair value of espp shares . the determination of the fair value of stock-based payment awards on the date of grant using an option pricing model is affected by our stock price as well as assumptions regarding a number of complex and subjective variables . these variables include our expected stock price volatility over the expected term of the awards , actual and projected employee stock option exercise behaviors , a risk-free interest rate and any expected dividends . the expected term of espp shares is the average of the remaining purchase periods under each offering period . the assumptions used to value employee stock purchase rights were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>expected life ( in years )</td><td>0.5 - 2.0</td><td>0.5 - 2.0</td><td>0.5 - 2.0</td></tr><tr><td>3</td><td>volatility</td><td>26% ( 26 % ) - 29% ( 29 % )</td><td>22% ( 22 % ) - 27% ( 27 % )</td><td>26 - 29% ( 29 % )</td></tr><tr><td>4</td><td>risk free interest rate</td><td>1.54% ( 1.54 % ) - 2.52% ( 2.52 % )</td><td>0.62% ( 0.62 % ) - 1.41% ( 1.41 % )</td><td>0.37 - 1.06% ( 1.06 % )</td></tr></table> .\nQuestion: what was the low bound for volatility in 2018?\n" }, { "role": "agent", "content": "0.26" } ]
CONVFINQA1037	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart a0ii item a05 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock . a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners . stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested . market performance . <table class='wikitable'><tr><td>1</td><td>company / index</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>2</td><td>teleflex incorporated</td><td>100</td><td>124</td><td>143</td><td>177</td><td>275</td><td>288</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>114</td><td>115</td><td>129</td><td>157</td><td>150</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment & supply index</td><td>100</td><td>126</td><td>134</td><td>142</td><td>186</td><td>213</td></tr></table> s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 .\nQuestion: what was the performance price of the teleflex in 2014?\nAnswer: 124.0\nQuestion: and what was it in 2013?\nAnswer: 100.0\nQuestion: what was, then, the fluctuation over the year?\n" }, { "role": "agent", "content": "24.0" } ]
CONVFINQA2367	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts . the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2005 carrying amount</td><td>2005 fair value</td><td>2005 carrying amount</td><td>fair value</td></tr><tr><td>2</td><td>notes and other long-term assets</td><td>$ 1374</td><td>$ 1412</td><td>$ 1702</td><td>$ 1770</td></tr><tr><td>3</td><td>long-term debt and other long-term liabilities</td><td>$ 1636</td><td>$ 1685</td><td>$ 848</td><td>$ 875</td></tr><tr><td>4</td><td>derivative instruments</td><td>$ 6</td><td>$ 6</td><td>$ 2014</td><td>$ 2014</td></tr></table> we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates . we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates . derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest . the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate . the aggregate notional amount of the swap is $ 92 million and it matures in 2010 . the swap is classified as a fair value hedge under fas no . 133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no . 133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income . the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 . the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 . during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s . treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes . both swaps were designated as cash flow hedges under fas no . 133 and were terminated upon pricing of the notes . both swaps were highly effective in offsetting fluctuations in the u.s . treasury component . thus , there was no net gain or loss reported in earnings during 2005 . the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes . at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales . historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools . the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 . these swaps are not accounted for as hedges under fas no . 133 . the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 . we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 . during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales . during 2005 , one swap was designated as a cash flow hedge under fas no . 133 and was highly effective in offsetting interest rate fluctuations . the amount of the ineffectiveness is immaterial . the second swap entered into in 2005 did not qualify for hedge accounting . the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 . these amounts are included in the gains from the sales of timeshare notes receivable . during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets . the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 . the forward exchange contracts do not qualify as hedges in accordance with fas no . 133 . the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 . we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts . the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s . dollars . during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates . the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 . these contracts have terms of less than one year and are classified as cash flow hedges . changes in their fair values are recorded as a component of other comprehensive income . the fair value of the option contracts is approximately zero at year-end 2005 and 2004 . during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item . thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 . the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 . as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year . during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations . one contract was designated as a hedge in the net investment of a foreign operation under fas no . 133 . the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 . certain contracts did not qualify as hedges under fas no . 133 and resulted in a gain of $ 3 million for 2005 . the contracts offset the losses associated with translation adjustments for various investments in for- eign operations . the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 . contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts . the guarantees generally have a stated maximum amount of funding and a term of five years or less . the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term . the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 \| m a r r i o t t i n t e r n a t i o n a l , i n c . 2 0 0 5 .\nQuestion: what is the difference between fair value and carrying amount for notes and other long-term assets\tin 2005?\nAnswer: 38.0\nQuestion: what is the fair value of notes and other long-term assets?\n" }, { "role": "agent", "content": "1770.0" } ]
CONVFINQA4802	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe second largest closed-end fund manager and a top- ten manager by aum and 2013 net flows of long-term open-end mutual funds1 . in 2013 , we were also the leading manager by net flows for long-dated fixed income mutual funds1 . 2022 we have fully integrated our legacy retail and ishares retail distribution teams to create a unified client-facing presence . as retail clients increasingly use blackrock 2019s capabilities in combination 2014 active , alternative and passive 2014 it is a strategic priority for blackrock to coherently deliver these capabilities through one integrated team . 2022 international retail long-term net inflows of $ 17.5 billion , representing 15% ( 15 % ) organic growth , were positive across major regions and diversified across asset classes . equity net inflows of $ 6.4 billion were driven by strong demand for our top-performing european equities franchise as investor risk appetite for the sector improved . multi-asset class and fixed income products each generated net inflows of $ 4.8 billion , as investors looked to manage duration and volatility in their portfolios . in 2013 , we were ranked as the third largest cross border fund provider2 . in the united kingdom , we ranked among the five largest fund managers2 . ishares . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>component changes in aum 2014 ishares 12/31/2012</td><td>component changes in aum 2014 ishares net new business</td><td>component changes in aum 2014 ishares acquisition ( 1 )</td><td>component changes in aum 2014 ishares market / fx</td><td>component changes in aum 2014 ishares 12/31/2013</td></tr><tr><td>2</td><td>equity</td><td>$ 534648</td><td>$ 74119</td><td>$ 13021</td><td>$ 96347</td><td>$ 718135</td></tr><tr><td>3</td><td>fixed income</td><td>192852</td><td>-7450 ( 7450 )</td><td>1294</td><td>-7861 ( 7861 )</td><td>178835</td></tr><tr><td>4</td><td>multi-asset class</td><td>869</td><td>355</td><td>2014</td><td>86</td><td>1310</td></tr><tr><td>5</td><td>alternatives ( 2 )</td><td>24337</td><td>-3053 ( 3053 )</td><td>1645</td><td>-6837 ( 6837 )</td><td>16092</td></tr><tr><td>6</td><td>total ishares</td><td>$ 752706</td><td>$ 63971</td><td>$ 15960</td><td>$ 81735</td><td>$ 914372</td></tr></table> alternatives ( 2 ) 24337 ( 3053 ) 1645 ( 6837 ) 16092 total ishares $ 752706 $ 63971 $ 15960 $ 81735 $ 914372 ( 1 ) amounts represent $ 16.0 billion of aum acquired in the credit suisse etf acquisition in july 2013 . ( 2 ) amounts include commodity ishares . ishares is the leading etf provider in the world , with $ 914.4 billion of aum at december 31 , 2013 , and was the top asset gatherer globally in 20133 with $ 64.0 billion of net inflows for an organic growth rate of 8% ( 8 % ) . equity net inflows of $ 74.1 billion were driven by flows into funds with broad developed market exposures , partially offset by outflows from emerging markets products . ishares fixed income experienced net outflows of $ 7.5 billion , as the continued low interest rate environment led many liquidity-oriented investors to sell long-duration assets , which made up the majority of the ishares fixed income suite . in 2013 , we launched several funds to meet demand from clients seeking protection in a rising interest rate environment by offering an expanded product set that includes four new u.s . funds , including short-duration versions of our flagship high yield and investment grade credit products , and short maturity and liquidity income funds . ishares alternatives had $ 3.1 billion of net outflows predominantly out of commodities . ishares represented 23% ( 23 % ) of long-term aum at december 31 , 2013 and 35% ( 35 % ) of long-term base fees for ishares offers the most diverse product set in the industry with 703 etfs at year-end 2013 , and serves the broadest client base , covering more than 25 countries on five continents . during 2013 , ishares continued its dual commitment to innovation and responsible product structuring by introducing 42 new etfs , acquiring credit suisse 2019s 58 etfs in europe and entering into a critical new strategic alliance with fidelity investments to deliver fidelity 2019s more than 10 million clients increased access to ishares products , tools and support . our alliance with fidelity investments and a successful full first year for the core series have deeply expanded our presence and offerings among buy-and-hold investors . our broad product range offers investors a precise , transparent and low-cost way to tap market returns and gain access to a full range of asset classes and global markets that have been difficult or expensive for many investors to access until now , as well as the liquidity required to make adjustments to their exposures quickly and cost-efficiently . 2022 u.s . ishares aum ended at $ 655.6 billion with $ 41.4 billion of net inflows driven by strong demand for developed markets equities and short-duration fixed income . during the fourth quarter of 2012 , we debuted the core series in the united states , designed to provide the essential building blocks for buy-and-hold investors to use in constructing the core of their portfolio . the core series demonstrated solid results in its first full year , raising $ 20.0 billion in net inflows , primarily in u.s . equities . in the united states , ishares maintained its position as the largest etf provider , with 39% ( 39 % ) share of aum3 . 2022 international ishares aum ended at $ 258.8 billion with robust net new business of $ 22.6 billion led by demand for european and japanese equities , as well as a diverse range of fixed income products . at year-end 2013 , ishares was the largest european etf provider with 48% ( 48 % ) of aum3 . 1 simfund 2 lipper feri 3 blackrock ; bloomberg .\nQuestion: what is the value of ishares aum less net inflows?\nAnswer: 614.2\nQuestion: what were the value of net inflows for ishares aum?\n" }, { "role": "agent", "content": "41.4" } ]
CONVFINQA9246	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 192 jpmorgan chase & co . / 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit . implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator . should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln . expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders . the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation . the variability to be considered in the modeling of expected losses is based on the design of the enti- ty . the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term . under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs . in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary . from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence . instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter . as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model . specifically , risk ratings and loss given default assumptions are continually updated . the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively . management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults . qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market . the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase . consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value . december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) . <table class='wikitable'><tr><td>1</td><td>( in billions except ratios )</td><td>reported</td><td>pro forma ( a ) ( b )</td></tr><tr><td>2</td><td>assets</td><td>$ 2175.1</td><td>$ 2218.2</td></tr><tr><td>3</td><td>liabilities</td><td>2008.2</td><td>2051.3</td></tr><tr><td>4</td><td>tier 1 capital ratio</td><td>10.9% ( 10.9 % )</td><td>10.9% ( 10.9 % )</td></tr><tr><td>5</td><td>tier 1 leverage ratio</td><td>6.9</td><td>6.8</td></tr></table> ( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation . if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) . the fair value of the assets is primarily based upon pricing for comparable transactions . the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions . ( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio . the firm could fund purchases of assets from vies should it become necessary . 2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility . the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement . during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired . impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note . on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits . it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures . because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits . the structured cdo assets were transferred to the firm at .\nQuestion: what is the balance of reported liabilities?\nAnswer: 2008.2\nQuestion: what about the balance of assets?\nAnswer: 2175.1\nQuestion: what is the debt-to-assets ratio?\nAnswer: 0.92327\nQuestion: what is the total expected loss notes outstanding in 2008?\n" }, { "role": "agent", "content": "136.0" } ]
CONVFINQA8124	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 110 jpmorgan chase & co . / 2008 annual report the allowance for credit losses increased $ 13.7 billion from the prior year to $ 23.8 billion . the increase included $ 4.1 billion of allowance related to noncredit-impaired loans acquired in the washington mutual transaction and the related accounting conformity provision . excluding held-for-sale loans , loans carried at fair value , and pur- chased credit-impaired consumer loans , the allowance for loan losses represented 3.62% ( 3.62 % ) of loans at december 31 , 2008 , compared with 1.88% ( 1.88 % ) at december 31 , 2007 . the consumer allowance for loan losses increased $ 10.5 billion from the prior year as a result of the washington mutual transaction and increased allowance for loan loss in residential real estate and credit card . the increase included additions to the allowance for loan losses of $ 4.7 billion driven by higher estimated losses for residential mort- gage and home equity loans as the weak labor market and weak overall economic conditions have resulted in increased delinquencies , while continued weak housing prices have driven a significant increase in loss severity . the allowance for loan losses related to credit card increased $ 4.3 billion from the prior year primarily due to the acquired allowance and subsequent conforming provision for loan loss related to the washington mutual bank acquisition and an increase in provision for loan losses of $ 2.3 billion in 2008 over 2007 , as higher estimated net charge-offs are expected in the port- folio resulting from the current economic conditions . the wholesale allowance for loan losses increase of $ 3.4 billion from december 31 , 2007 , reflected the effect of a weakening credit envi- ronment and the transfer of $ 4.9 billion of funded and unfunded leveraged lending commitments to retained loans from held-for-sale . to provide for the risk of loss inherent in the firm 2019s process of extending credit , an allowance for lending-related commitments is held for both wholesale and consumer , which is reported in other lia- bilities . the wholesale component is computed using a methodology similar to that used for the wholesale loan portfolio , modified for expected maturities and probabilities of drawdown and has an asset- specific component and a formula-based component . for a further discussion on the allowance for lending-related commitment see note 15 on pages 178 2013180 of this annual report . the allowance for lending-related commitments for both wholesale and consumer was $ 659 million and $ 850 million at december 31 , 2008 and 2007 , respectively . the decrease reflects the reduction in lending-related commitments at december 31 , 2008 . for more information , see page 102 of this annual report . the following table presents the allowance for loan losses and net charge-offs ( recoveries ) by business segment at december 31 , 2008 and 2007 . net charge-offs ( recoveries ) december 31 , allowance for loan losses year ended . <table class='wikitable'><tr><td>1</td><td>december 31 , ( in millions )</td><td>december 31 , 2008</td><td>december 31 , 2007</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>investment bank</td><td>$ 3444</td><td>$ 1329</td><td>$ 105</td><td>$ 36</td></tr><tr><td>3</td><td>commercial banking</td><td>2826</td><td>1695</td><td>288</td><td>44</td></tr><tr><td>4</td><td>treasury & securities services</td><td>74</td><td>18</td><td>-2 ( 2 )</td><td>2014</td></tr><tr><td>5</td><td>asset management</td><td>191</td><td>112</td><td>11</td><td>-8 ( 8 )</td></tr><tr><td>6</td><td>corporate/private equity</td><td>10</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>total wholesale</td><td>6545</td><td>3154</td><td>402</td><td>72</td></tr><tr><td>8</td><td>retail financial services</td><td>8918</td><td>2668</td><td>4877</td><td>1350</td></tr><tr><td>9</td><td>card services</td><td>7692</td><td>3407</td><td>4556</td><td>3116</td></tr><tr><td>10</td><td>corporate/private equity</td><td>9</td><td>5</td><td>2014</td><td>2014</td></tr><tr><td>11</td><td>total consumer 2013 reported</td><td>16619</td><td>6080</td><td>9433</td><td>4466</td></tr><tr><td>12</td><td>credit card 2013 securitized</td><td>2014</td><td>2014</td><td>3612</td><td>2380</td></tr><tr><td>13</td><td>total consumer 2013 managed</td><td>16619</td><td>6080</td><td>13045</td><td>6846</td></tr><tr><td>14</td><td>total</td><td>$ 23164</td><td>$ 9234</td><td>$ 13477</td><td>$ 6918</td></tr></table> .\nQuestion: what were the net charge-offs for retail financial services in 2008?\nAnswer: 8918.0\nQuestion: and in 2007?\nAnswer: 2668.0\nQuestion: so what was the difference in this value between the two years?\n" }, { "role": "agent", "content": "6250.0" } ]
CONVFINQA6670	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nas of december 31 , 2006 , we also leased an office and laboratory facility in connecticut , additional office , distribution and storage facilities in san diego , and four foreign facilities located in japan , singapore , china and the netherlands under non-cancelable operating leases that expire at various times through july 2011 . these leases contain renewal options ranging from one to five years . as of december 31 , 2006 , our contractual obligations were ( in thousands ) : contractual obligation total less than 1 year 1 2013 3 years 1 2013 5 years more than 5 years . <table class='wikitable'><tr><td>1</td><td>contractual obligation</td><td>payments due by period total</td><td>payments due by period less than 1 year</td><td>payments due by period 1 2013 3 years</td><td>payments due by period 1 2013 5 years</td><td>payments due by period more than 5 years</td></tr><tr><td>2</td><td>operating leases</td><td>$ 37899</td><td>$ 5320</td><td>$ 10410</td><td>$ 9371</td><td>$ 12798</td></tr><tr><td>3</td><td>total</td><td>$ 37899</td><td>$ 5320</td><td>$ 10410</td><td>$ 9371</td><td>$ 12798</td></tr></table> the above table does not include orders for goods and services entered into in the normal course of business that are not enforceable or legally binding . item 7a . quantitative and qualitative disclosures about market risk . interest rate sensitivity our exposure to market risk for changes in interest rates relates primarily to our investment portfolio . the fair market value of fixed rate securities may be adversely impacted by fluctuations in interest rates while income earned on floating rate securities may decline as a result of decreases in interest rates . under our current policies , we do not use interest rate derivative instruments to manage exposure to interest rate changes . we attempt to ensure the safety and preservation of our invested principal funds by limiting default risk , market risk and reinvestment risk . we mitigate default risk by investing in investment grade securities . we have historically maintained a relatively short average maturity for our investment portfolio , and we believe a hypothetical 100 basis point adverse move in interest rates along the entire interest rate yield curve would not materially affect the fair value of our interest sensitive financial instruments . foreign currency exchange risk although most of our revenue is realized in u.s . dollars , some portions of our revenue are realized in foreign currencies . as a result , our financial results could be affected by factors such as changes in foreign currency exchange rates or weak economic conditions in foreign markets . the functional currencies of our subsidiaries are their respective local currencies . accordingly , the accounts of these operations are translated from the local currency to the u.s . dollar using the current exchange rate in effect at the balance sheet date for the balance sheet accounts , and using the average exchange rate during the period for revenue and expense accounts . the effects of translation are recorded in accumulated other comprehensive income as a separate component of stockholders 2019 equity. .\nQuestion: what is the total of operating leases due in less than one year?\nAnswer: 5320.0\nQuestion: and what is the total of all operating leases?\nAnswer: 37899.0\nQuestion: how much, then, do the operating leases due in less than one year represent, in percentage, in relation to this total?\n" }, { "role": "agent", "content": "0.14037" } ]
CONVFINQA5982	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nto the two-class method . the provisions of this guidance were required for fiscal years beginning after december 15 , 2008 . the company has adopted this guidance for current period computations of earnings per share , and has updated prior period computations of earnings per share . the adoption of this guidance in the first quarter of 2009 did not have a material impact on the company 2019s computation of earnings per share . refer to note 11 for further discussion . in june 2008 , the fasb issued accounting guidance addressing the determination of whether provisions that introduce adjustment features ( including contingent adjustment features ) would prevent treating a derivative contract or an embedded derivative on a company 2019s own stock as indexed solely to the company 2019s stock . this guidance was effective for fiscal years beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in march 2008 , the fasb issued accounting guidance intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an entity 2019s financial position , financial performance , and cash flows . this guidance was effective for the fiscal years and interim periods beginning after november 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in december 2007 , the fasb issued replacement guidance that requires the acquirer of a business to recognize and measure the identifiable assets acquired , the liabilities assumed , and any non-controlling interest in the acquired entity at fair value . this replacement guidance also requires transaction costs related to the business combination to be expensed as incurred . it was effective for business combinations for which the acquisition date was on or after the start of the fiscal year beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in december 2007 , the fasb issued accounting guidance that establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary . this guidance was effective for fiscal years beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in september 2006 , the fasb issued accounting guidance which defines fair value , establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value measurements . this guidance was effective for fiscal years beginning after november 15 , 2007 , however the fasb delayed the effective date to fiscal years beginning after november 15 , 2008 for nonfinancial assets and nonfinancial liabilities , except those items recognized or disclosed at fair value on an annual or more frequent basis . the adoption of this guidance for nonfinancial assets and liabilities in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . 3 . inventories inventories consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>december 31 , 2009</td><td>december 31 , 2008</td></tr><tr><td>2</td><td>finished goods</td><td>$ 155596</td><td>$ 187072</td></tr><tr><td>3</td><td>raw materials</td><td>785</td><td>731</td></tr><tr><td>4</td><td>work-in-process</td><td>71</td><td>6</td></tr><tr><td>5</td><td>subtotal inventories</td><td>156452</td><td>187809</td></tr><tr><td>6</td><td>inventories reserve</td><td>-7964 ( 7964 )</td><td>-5577 ( 5577 )</td></tr><tr><td>7</td><td>total inventories</td><td>$ 148488</td><td>$ 182232</td></tr></table> .\nQuestion: what is the balance of inventories reserve as of december 31, 2009?\n" }, { "role": "agent", "content": "7964.0" } ]
CONVFINQA1524	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table provides the weighted average assumptions used in the black-scholes option-pricing model for grants and the resulting weighted average grant date fair value per share of stock options granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>intrinsic value</td><td>$ 9</td><td>$ 10</td><td>$ 18</td></tr><tr><td>3</td><td>exercise proceeds</td><td>7</td><td>11</td><td>15</td></tr><tr><td>4</td><td>income tax benefit realized</td><td>2</td><td>3</td><td>6</td></tr></table> stock units during 2018 , 2017 and 2016 , the company granted rsus to certain employees under the 2007 plan and 2017 omnibus plan , as applicable . rsus generally vest based on continued employment with the company over periods ranging from one to three years. .\nQuestion: what is the intrinsic value in 2018?\nAnswer: 9.0\nQuestion: what about in 2016?\n" }, { "role": "agent", "content": "18.0" } ]
CONVFINQA7678	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries notes to financial statements liability to $ 60 million , and recorded the $ 2.7 million difference as a credit to interest expense . the $ 60 million remaining liability was eliminated upon payment of the cash portion of the purchase price . as of december 31 , 2016 , entergy louisiana , in connection with the waterford 3 lease obligation , had a future minimum lease payment ( reflecting an interest rate of 8.09% ( 8.09 % ) ) of $ 57.5 million , including $ 2.3 million in interest , due january 2017 that is recorded as long-term debt . in february 2017 the leases were terminated and the leased assets were conveyed to entergy louisiana . grand gulf lease obligations in 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million . the initial term of the leases expired in july 2015 . system energy renewed the leases for fair market value with renewal terms expiring in july 2036 . at the end of the new lease renewal terms , system energy has the option to repurchase the leased interests in grand gulf or renew the leases at fair market value . in the event that system energy does not renew or purchase the interests , system energy would surrender such interests and their associated entitlement of grand gulf 2019s capacity and energy . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation . however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes . consistent with a recommendation contained in a ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount was a net regulatory liability of $ 55.6 million and $ 55.6 million as of december 31 , 2016 and 2015 , respectively . as of december 31 , 2016 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>2017</td><td>$ 17188</td></tr><tr><td>3</td><td>2018</td><td>17188</td></tr><tr><td>4</td><td>2019</td><td>17188</td></tr><tr><td>5</td><td>2020</td><td>17188</td></tr><tr><td>6</td><td>2021</td><td>17188</td></tr><tr><td>7</td><td>years thereafter</td><td>257812</td></tr><tr><td>8</td><td>total</td><td>343752</td></tr><tr><td>9</td><td>less : amount representing interest</td><td>309393</td></tr><tr><td>10</td><td>present value of net minimum lease payments</td><td>$ 34359</td></tr></table> .\nQuestion: what is the implicit interest cost rate?\nAnswer: 5.13\nQuestion: what is the rate divided by 100?\n" }, { "role": "agent", "content": "0.0513" } ]
CONVFINQA9250	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents ( 4 ) the decline in cash flows was driven by the timing of inventory purchases at the end of 2014 versus 2013 . in order to manage our working capital and operating cash needs , we monitor our cash conversion cycle , defined as days of sales outstanding in accounts receivable plus days of supply in inventory minus days of purchases outstanding in accounts payable , based on a rolling three-month average . components of our cash conversion cycle are as follows: . <table class='wikitable'><tr><td>1</td><td>( in days )</td><td>december 31 , 2015</td><td>december 31 , 2014</td><td>december 31 , 2013</td></tr><tr><td>2</td><td>days of sales outstanding ( dso ) ( 1 )</td><td>48</td><td>42</td><td>44</td></tr><tr><td>3</td><td>days of supply in inventory ( dio ) ( 2 )</td><td>13</td><td>13</td><td>14</td></tr><tr><td>4</td><td>days of purchases outstanding ( dpo ) ( 3 )</td><td>-40 ( 40 )</td><td>-34 ( 34 )</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>cash conversion cycle</td><td>21</td><td>21</td><td>23</td></tr></table> ( 1 ) represents the rolling three-month average of the balance of trade accounts receivable , net at the end of the period divided by average daily net sales for the same three-month period . also incorporates components of other miscellaneous receivables . ( 2 ) represents the rolling three-month average of the balance of merchandise inventory at the end of the period divided by average daily cost of goods sold for the same three-month period . ( 3 ) represents the rolling three-month average of the combined balance of accounts payable-trade , excluding cash overdrafts , and accounts payable-inventory financing at the end of the period divided by average daily cost of goods sold for the same three-month period . the cash conversion cycle remained at 21 days at december 31 , 2015 and december 31 , 2014 . the increase in dso was primarily driven by a higher accounts receivable balance at december 31 , 2015 driven by higher public segment sales where customers generally take longer to pay than customers in our corporate segment , slower government payments in certain states due to budget issues and an increase in net sales and related accounts receivable for third-party services such as software assurance and warranties . these services have an unfavorable impact on dso as the receivable is recognized on the balance sheet on a gross basis while the corresponding sales amount in the statement of operations is recorded on a net basis . these services have a favorable impact on dpo as the payable is recognized on the balance sheet without a corresponding cost of sale in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales . in addition to the impact of these services on dpo , dpo also increased due to the mix of payables with certain vendors that have longer payment terms . the cash conversion cycle decreased to 21 days at december 31 , 2014 compared to 23 days at december 31 , 2013 , primarily driven by improvement in dso . the decline in dso was primarily driven by improved collections and early payments from certain customers . additionally , the timing of inventory receipts at the end of 2014 had a favorable impact on dio and an unfavorable impact on dpo . investing activities net cash used in investing activities increased $ 189.6 million in 2015 compared to 2014 . the increase was primarily due to the completion of the acquisition of kelway by purchasing the remaining 65% ( 65 % ) of its outstanding common stock on august 1 , 2015 . additionally , capital expenditures increased $ 35.1 million to $ 90.1 million from $ 55.0 million for 2015 and 2014 , respectively , primarily for our new office location and an increase in spending related to improvements to our information technology systems . net cash used in investing activities increased $ 117.7 million in 2014 compared to 2013 . we paid $ 86.8 million in the fourth quarter of 2014 to acquire a 35% ( 35 % ) non-controlling interest in kelway . additionally , capital expenditures increased $ 7.9 million to $ 55.0 million from $ 47.1 million in 2014 and 2013 , respectively , primarily for improvements to our information technology systems during both years . financing activities net cash used in financing activities increased $ 114.5 million in 2015 compared to 2014 . the increase was primarily driven by share repurchases during the year ended december 31 , 2015 which resulted in an increase in cash used for financing activities of $ 241.3 million . for more information on our share repurchase program , see item 5 , 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . 201d the increase was partially offset by the changes in accounts payable-inventory financing , which resulted in an increase in cash provided for financing activities of $ 20.4 million , and the net impact of our debt transactions which resulted in cash outflows of $ 7.1 million and $ 145.9 million during the years .\nQuestion: what is the days of sales outstanding in 2015?\nAnswer: 48.0\nQuestion: what about in 2014?\n" }, { "role": "agent", "content": "42.0" } ]
CONVFINQA2071	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsolidated 2005 results of operations was an estimated reduction of gross profit and a corresponding decrease to inventory , at cost , of $ 5.2 million . store pre-opening costs pre-opening costs related to new store openings and the construction periods are expensed as incurred . property and equipment property and equipment are recorded at cost . the company provides for depreciation and amortization on a straight-line basis over the following estimated useful lives: . <table class='wikitable'><tr><td>1</td><td>land improvements</td><td>20</td></tr><tr><td>2</td><td>buildings</td><td>39-40</td></tr><tr><td>3</td><td>furniture fixtures and equipment</td><td>3-10</td></tr></table> improvements of leased properties are amortized over the shorter of the life of the applicable lease term or the estimated useful life of the asset . impairment of long-lived assets when indicators of impairment are present , the company evaluates the carrying value of long-lived assets , other than goodwill , in relation to the operating performance and future cash flows or the appraised values of the underlying assets . in accordance with sfas 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d the company reviews for impairment stores open more than two years for which current cash flows from operations are negative . impairment results when the carrying value of the assets exceeds the undiscounted future cash flows over the life of the lease . the company 2019s estimate of undiscounted future cash flows over the lease term is based upon historical operations of the stores and estimates of future store profitability which encompasses many factors that are subject to variability and difficult to predict . if a long-lived asset is found to be impaired , the amount recognized for impairment is equal to the difference between the carrying value and the asset 2019s fair value . the fair value is estimated based primarily upon future cash flows ( discounted at the company 2019s credit adjusted risk-free rate ) or other reasonable estimates of fair market value . assets to be disposed of are adjusted to the fair value less the cost to sell if less than the book value . the company recorded impairment charges , included in sg&a expense , of approximately $ 9.4 million in 2006 , $ 0.6 million in 2005 and $ 0.2 million in 2004 to reduce the carrying value of certain of its stores 2019 assets as deemed necessary due to negative sales trends and cash flows at these locations . the majority of the 2006 charges were recorded pursuant to certain strategic initiatives discussed in note 2 . other assets other assets consist primarily of long-term investments , qualifying prepaid expenses , debt issuance costs which are amortized over the life of the related obligations , utility and security deposits , life insurance policies and goodwill. .\nQuestion: what was the total amount in impairment charges recorded in the year of 2006, in millions?\nAnswer: 9.4\nQuestion: and what was that of 2005, also in millions??\nAnswer: 0.6\nQuestion: what was, then, the total impairment charges recorded in both of those years, in millions?\n" }, { "role": "agent", "content": "10.0" } ]
CONVFINQA287	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nduring the third quarter ended 30 june 2017 , we recognized a goodwill impairment charge of $ 145.3 and an intangible asset impairment charge of $ 16.8 associated with our lasa reporting unit . refer to note 11 , goodwill , and note 12 , intangible assets , for more information related to these charges and the associated fair value measurement methods and significant inputs/assumptions , which were classified as level 3 since unobservable inputs were utilized in the fair value measurements . 16 . debt the tables below summarize our outstanding debt at 30 september 2019 and 2018 : total debt . <table class='wikitable'><tr><td>1</td><td>30 september</td><td>2019</td><td>2018</td></tr><tr><td>2</td><td>short-term borrowings</td><td>$ 58.2</td><td>$ 54.3</td></tr><tr><td>3</td><td>current portion of long-term debt ( a ) ( b )</td><td>40.4</td><td>406.6</td></tr><tr><td>4</td><td>long-term debt</td><td>2907.3</td><td>2967.4</td></tr><tr><td>5</td><td>long-term debt 2013 related party ( b )</td><td>320.1</td><td>384.3</td></tr><tr><td>6</td><td>total debt</td><td>$ 3326.0</td><td>$ 3812.6</td></tr></table> ( a ) fiscal year 2019 includes the current portion of long-term debt owed to a related party of $ 37.8 . ( b ) refer to note 7 , acquisitions , for additional information regarding related party debt . short-term borrowings short-term borrowings consisted of bank obligations of $ 58.2 and $ 54.3 at 30 september 2019 and 2018 , respectively . the weighted average interest rate of short-term borrowings outstanding at 30 september 2019 and 2018 was 3.7% ( 3.7 % ) and 5.0% ( 5.0 % ) , respectively. .\nQuestion: what was the total long-term debt in 2019?\nAnswer: 3227.4\nQuestion: and what was the short-term debt in that same year?\n" }, { "role": "agent", "content": "58.2" } ]
CONVFINQA8676	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets . the company considered the provision of eitf 95-8 , and concluded that this contingent consideration represents additional purchase price . as a result , goodwill will be increased by the amount of the additional consideration , if any , as it is earned . as of september 26 , 2009 , the company has not recorded any amounts for these potential earn-outs . the allocation of the purchase price was based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 . the components and allocation of the purchase price consisted of the following approximate amounts: . <table class='wikitable'><tr><td>1</td><td>net tangible assets acquired as of september 18 2007</td><td>$ 2800</td></tr><tr><td>2</td><td>developed technology and know how</td><td>12300</td></tr><tr><td>3</td><td>customer relationship</td><td>17000</td></tr><tr><td>4</td><td>trade name</td><td>2800</td></tr><tr><td>5</td><td>deferred income tax liabilities net</td><td>-9500 ( 9500 )</td></tr><tr><td>6</td><td>goodwill</td><td>47800</td></tr><tr><td>7</td><td>final purchase price</td><td>$ 73200</td></tr></table> as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name and developed technology had separately identifiable values . the fair value of these intangible assets was determined through the application of the income approach . customer relationship represented a large customer base that was expected to purchase the disposable mammopad product on a regular basis . trade name represented the biolucent product name that the company intended to continue to use . developed technology represented currently marketable purchased products that the company continues to sell as well as utilize to enhance and incorporate into the company 2019s existing products . the deferred income tax liability relates to the tax effect of acquired identifiable intangible assets and fair value adjustments to acquired inventory , as such amounts are not deductible for tax purposes , partially offset by acquired net operating loss carryforwards of approximately $ 2400 . 4 . sale of gestiva on january 16 , 2008 , the company entered into a definitive agreement pursuant to which it agreed to sell full u.s . and world-wide rights to gestiva to k-v pharmaceutical company upon approval of the pending gestiva new drug application ( the 201cgestiva nda 201d ) by the fda for a purchase price of $ 82000 . the company received $ 9500 of the purchase price in fiscal 2008 , and the balance is due upon final approval of the gestiva nda by the fda on or before february 19 , 2010 and the production of a quantity of gestiva suitable to enable the commercial launch of the product . either party has the right to terminate the agreement if fda approval is not obtained by february 19 , 2010 . the company agreed to continue its efforts to obtain fda approval of the nda for gestiva as part of this arrangement . all costs incurred in these efforts will be reimbursed by k-v pharmaceutical and are being recorded as a credit against research and development expenses . during fiscal 2009 and 2008 , these reimbursed costs were not material . the company recorded the $ 9500 as a deferred gain within current liabilities in the consolidated balance sheet . the company expects that the gain will be recognized upon the closing of the transaction following final fda approval of the gestiva nda or if the agreement is terminated . the company cannot assure that it will be able to obtain the requisite fda approval , that the transaction will be completed or that it will receive the balance of the purchase price . moreover , if k-v pharmaceutical terminates the agreement as a result of a breach by the company of a material representation , warranty , covenant or agreement , the company will be required to return the funds previously received as well as expenses reimbursed by k-v . source : hologic inc , 10-k , november 24 , 2009 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. .\nQuestion: what amount is dedicated to goodwill?\nAnswer: 47800.0\nQuestion: what about the total purchase price?\nAnswer: 73200.0\nQuestion: what portion of total price is for goodwill?\n" }, { "role": "agent", "content": "0.65301" } ]
CONVFINQA8130	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .\nQuestion: what was the change in global cruise guests from 2011 to 2012?\n" }, { "role": "agent", "content": "0.7" } ]
CONVFINQA7702	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents 17 . unconditional purchase obligations the company has entered into various unconditional purchase obligations which primarily include software licenses and long- term purchase contracts for network , communication and office maintenance services . the company expended $ 7.2 million , $ 5.3 million and $ 2.9 million related to unconditional purchase obligations that existed as of the beginning of each year for the years ended december 31 , 2016 , 2015 and 2014 , respectively . future expenditures under unconditional purchase obligations in effect as of december 31 , 2016 are as follows : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 14134</td></tr><tr><td>2</td><td>2018</td><td>10288</td></tr><tr><td>3</td><td>2019</td><td>9724</td></tr><tr><td>4</td><td>2020</td><td>2617</td></tr><tr><td>5</td><td>2021</td><td>652</td></tr><tr><td>6</td><td>total</td><td>$ 37415</td></tr></table> 18 . restructuring during the fourth quarter of 2016 , the company initiated workforce realignment activities . the company incurred $ 3.4 million in restructuring charges , or $ 2.4 million net of tax , during the year ended december 31 , 2016 . the company expects to incur additional charges of $ 10 million - $ 15 million , or $ 7 million - $ 10 million net of tax , primarily during the first quarter of 2017 . 19 . employment-related settlement on february 15 , 2017 , the company entered into an employment-related settlement agreement . in connection with the settlement agreement , the company will make a lump-sum payment of $ 4.7 million . the charges related to this agreement are included in selling , general and administrative expense in the 2016 consolidated statement of income . as part of the settlement agreement , all the claims initiated against the company will be withdrawn and a general release of all claims in favor of the company and all of its related entities was executed . 20 . contingencies and commitments the company is subject to various investigations , claims and legal proceedings that arise in the ordinary course of business , including commercial disputes , labor and employment matters , tax audits , alleged infringement of intellectual property rights and other matters . in the opinion of the company , the resolution of pending matters is not expected to have a material adverse effect on the company's consolidated results of operations , cash flows or financial position . however , each of these matters is subject to various uncertainties and it is possible that an unfavorable resolution of one or more of these proceedings could materially affect the company's results of operations , cash flows or financial position . an indian subsidiary of the company has several service tax audits pending that have resulted in formal inquiries being received on transactions through mid-2012 . the company could incur tax charges and related liabilities , including those related to the service tax audit case , of approximately $ 7 million . the service tax issues raised in the company 2019s notices and inquiries are very similar to the case , m/s microsoft corporation ( i ) ( p ) ltd . vs commissioner of service tax , new delhi , wherein the delhi customs , excise and service tax appellate tribunal ( cestat ) has passed a favorable ruling to microsoft . the company can provide no assurances on whether the microsoft case 2019s favorable ruling will be challenged in higher courts or on the impact that the present microsoft case 2019s decision will have on the company 2019s cases . the company is uncertain as to when these service tax matters will be concluded . a french subsidiary of the company received notice that the french taxing authority rejected the company's 2012 research and development credit . the company has contested the decision . however , if the company does not receive a favorable outcome , it could incur charges of approximately $ 0.8 million . in addition , an unfavorable outcome could result in the authorities reviewing or rejecting $ 3.8 million of similar research and development credits for 2013 through the current year that are currently reflected as an asset . the company can provide no assurances on the timing or outcome of this matter. .\nQuestion: what was the value of expenditures in 2017?\nAnswer: 14134.0\nQuestion: what was the value in 2018?\nAnswer: 10288.0\nQuestion: what is the 2017 value less the 2018?\nAnswer: 3846.0\nQuestion: what is the 2018 value?\n" }, { "role": "agent", "content": "14134.0" } ]
CONVFINQA361	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nall highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash equivalents . securities with maturities greater than three months are classified as available-for-sale and are considered to be short-term investments . the carrying value of our interest-bearing instruments approximated fair value as of december 29 , 2012 . interest rates under our revolving credit facility are variable , so interest expense for periods when the credit facility is utilized could be adversely affected by changes in interest rates . interest rates under our revolving credit facility can fluctuate based on changes in market interest rates and in an interest rate margin that varies based on our consolidated leverage ratio . as of december 29 , 2012 , we had no outstanding balance on the credit facility . see note 3 in the notes to consolidated financial statements for an additional description of our credit facility . equity price risk convertible notes our 2015 notes and 2013 notes include conversion and settlement provisions that are based on the price of our common stock at conversion or at maturity of the notes . in addition , the hedges and warrants associated with these convertible notes also include settlement provisions that are based on the price of our common stock . the amount of cash we may be required to pay , or the number of shares we may be required to provide to note holders at conversion or maturity of these notes , is determined by the price of our common stock . the amount of cash or number of shares that we may receive from hedge counterparties in connection with the related hedges and the number of shares that we may be required to provide warrant counterparties in connection with the related warrants are also determined by the price of our common stock . upon the expiration of our 2015 warrants , cadence will issue shares of common stock to the purchasers of the warrants to the extent our stock price exceeds the warrant strike price of $ 10.78 at that time . the following table shows the number of shares that cadence would issue to 2015 warrant counterparties at expiration of the warrants , assuming various cadence closing stock prices on the dates of warrant expiration : shares ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( in millions )</td></tr><tr><td>2</td><td>$ 11.00</td><td>0.9</td></tr><tr><td>3</td><td>$ 12.00</td><td>4.7</td></tr><tr><td>4</td><td>$ 13.00</td><td>7.9</td></tr><tr><td>5</td><td>$ 14.00</td><td>10.7</td></tr><tr><td>6</td><td>$ 15.00</td><td>13.0</td></tr><tr><td>7</td><td>$ 16.00</td><td>15.1</td></tr><tr><td>8</td><td>$ 17.00</td><td>17.0</td></tr><tr><td>9</td><td>$ 18.00</td><td>18.6</td></tr><tr><td>10</td><td>$ 19.00</td><td>20.1</td></tr><tr><td>11</td><td>$ 20.00</td><td>21.4</td></tr></table> prior to the expiration of the 2015 warrants , for purposes of calculating diluted earnings per share , our diluted weighted-average shares outstanding will increase when our average closing stock price for a quarter exceeds $ 10.78 . for an additional description of our 2015 notes and 2013 notes , see note 3 in the notes to consolidated financial statements and 201cliquidity and capital resources 2014 other factors affecting liquidity and capital resources , 201d under item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations . 201d .\nQuestion: what was the number of shares if the closing price is $20?\nAnswer: 21.4\nQuestion: and if the closing price is $11?\n" }, { "role": "agent", "content": "0.9" } ]
CONVFINQA7685	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents ( e ) other adjustments primarily include certain historical retention costs , unusual , non-recurring litigation matters , secondary-offering-related expenses and expenses related to the consolidation of office locations north of chicago . during the year ended december 31 , 2013 , we recorded ipo- and secondary-offering related expenses of $ 75.0 million . for additional information on the ipo- and secondary-offering related expenses , see note 10 ( stockholder 2019s equity ) to the accompanying consolidated financial statements . ( f ) includes the impact of consolidating five months for the year ended december 31 , 2015 of kelway 2019s financial results . ( 4 ) non-gaap net income excludes , among other things , charges related to the amortization of acquisition-related intangible assets , non-cash equity-based compensation , acquisition and integration expenses , and gains and losses from the extinguishment of long-term debt . non-gaap net income is considered a non-gaap financial measure . generally , a non-gaap financial measure is a numerical measure of a company 2019s performance , financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with gaap . non-gaap measures used by us may differ from similar measures used by other companies , even when similar terms are used to identify such measures . we believe that non-gaap net income provides meaningful information regarding our operating performance and cash flows including our ability to meet our future debt service , capital expenditures and working capital requirements . the following unaudited table sets forth a reconciliation of net income to non-gaap net income for the periods presented: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td></tr><tr><td>2</td><td>net income</td><td>$ 403.1</td><td>$ 244.9</td><td>$ 132.8</td><td>$ 119.0</td><td>$ 17.1</td></tr><tr><td>3</td><td>amortization of intangibles ( a )</td><td>173.9</td><td>161.2</td><td>161.2</td><td>163.7</td><td>165.7</td></tr><tr><td>4</td><td>non-cash equity-based compensation</td><td>31.2</td><td>16.4</td><td>8.6</td><td>22.1</td><td>19.5</td></tr><tr><td>5</td><td>non-cash equity-based compensation related to equity investment ( b )</td><td>20.0</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>6</td><td>net loss on extinguishments of long-term debt</td><td>24.3</td><td>90.7</td><td>64.0</td><td>17.2</td><td>118.9</td></tr><tr><td>7</td><td>acquisition and integration expenses ( c )</td><td>10.2</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>8</td><td>gain on remeasurement of equity investment ( d )</td><td>-98.1 ( 98.1 )</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>9</td><td>other adjustments ( e )</td><td>3.7</td><td>-0.3 ( 0.3 )</td><td>61.2</td><td>-3.3 ( 3.3 )</td><td>-15.6 ( 15.6 )</td></tr><tr><td>10</td><td>aggregate adjustment for income taxes ( f )</td><td>-64.8 ( 64.8 )</td><td>-103.0 ( 103.0 )</td><td>-113.5 ( 113.5 )</td><td>-71.6 ( 71.6 )</td><td>-106.8 ( 106.8 )</td></tr><tr><td>11</td><td>non-gaap net income ( g )</td><td>$ 503.5</td><td>$ 409.9</td><td>$ 314.3</td><td>$ 247.1</td><td>$ 198.8</td></tr></table> acquisition and integration expenses ( c ) 10.2 2014 2014 2014 2014 gain on remeasurement of equity investment ( d ) ( 98.1 ) 2014 2014 2014 2014 other adjustments ( e ) 3.7 ( 0.3 ) 61.2 ( 3.3 ) ( 15.6 ) aggregate adjustment for income taxes ( f ) ( 64.8 ) ( 103.0 ) ( 113.5 ) ( 71.6 ) ( 106.8 ) non-gaap net income ( g ) $ 503.5 $ 409.9 $ 314.3 $ 247.1 $ 198.8 ( a ) includes amortization expense for acquisition-related intangible assets , primarily customer relationships , customer contracts and trade names . ( b ) represents our 35% ( 35 % ) share of an expense related to certain equity awards granted by one of the sellers to kelway coworkers in july 2015 prior to our acquisition of kelway . ( c ) primarily includes expenses related to the acquisition of kelway . ( d ) represents the gain resulting from the remeasurement of our previously held 35% ( 35 % ) equity investment to fair value upon the completion of the acquisition of kelway . ( e ) primarily includes expenses related to the consolidation of office locations north of chicago and secondary- offering-related expenses . amount in 2013 primarily relates to ipo- and secondary-offering related expenses . ( f ) based on a normalized effective tax rate of 38.0% ( 38.0 % ) ( 39.0% ( 39.0 % ) prior to the kelway acquisition ) , except for the non- cash equity-based compensation from our equity investment and the gain resulting from the remeasurement of our previously held 35% ( 35 % ) equity investment to fair value upon the completion of the acquisition of kelway , which were tax effected at a rate of 35.4% ( 35.4 % ) . the aggregate adjustment for income taxes also includes a $ 4.0 million deferred tax benefit recorded during the three months and year ended december 31 , 2015 as a result of a tax rate reduction in the united kingdom and additional tax expense during the year ended december 31 , 2015 of $ 3.3 million as a result of recording withholding tax on the unremitted earnings of our canadian subsidiary . additionally , note that certain acquisition costs are non-deductible. .\nQuestion: what is the non-gaap net income in 2013 if ipo- and secondary-offering related expenses is not inlcuded?\n" }, { "role": "agent", "content": "389.3" } ]
CONVFINQA4104	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe pnc financial services group , inc . 2013 form 10-k 65 liquidity and capital management liquidity risk has two fundamental components . the first is potential loss assuming we were unable to meet our funding requirements at a reasonable cost . the second is the potential inability to operate our businesses because adequate contingent liquidity is not available . we manage liquidity risk at the consolidated company level ( bank , parent company and nonbank subsidiaries combined ) to help ensure that we can obtain cost-effective funding to meet current and future obligations under both normal 201cbusiness as usual 201d and stressful circumstances , and to help ensure that we maintain an appropriate level of contingent liquidity . management monitors liquidity through a series of early warning indicators that may indicate a potential market , or pnc-specific , liquidity stress event . in addition , management performs a set of liquidity stress tests over multiple time horizons with varying levels of severity and maintains a contingency funding plan to address a potential liquidity stress event . in the most severe liquidity stress simulation , we assume that our liquidity position is under pressure , while the market in general is under systemic pressure . the simulation considers , among other things , the impact of restricted access to both secured and unsecured external sources of funding , accelerated run-off of customer deposits , valuation pressure on assets and heavy demand to fund committed obligations . parent company liquidity guidelines are designed to help ensure that sufficient liquidity is available to meet our parent company obligations over the succeeding 24-month period . liquidity-related risk limits are established within our enterprise liquidity management policy and supporting policies . management committees , including the asset and liability committee , and the board of directors and its risk committee regularly review compliance with key established limits . in addition to these liquidity monitoring measures and tools described above , we also monitor our liquidity by reference to the liquidity coverage ratio ( lcr ) which is further described in the supervision and regulation section in item 1 of this report . pnc and pnc bank calculate the lcr on a daily basis and as of december 31 , 2018 , the lcr for pnc and pnc bank exceeded the fully phased-in requirement of 100% ( 100 % ) . we provide additional information regarding regulatory liquidity requirements and their potential impact on us in the supervision and regulation section of item 1 business and item 1a risk factors of this report . sources of liquidity our largest source of liquidity on a consolidated basis is the customer deposit base generated by our banking businesses . these deposits provide relatively stable and low-cost funding . total deposits increased to $ 267.8 billion at december 31 , 2018 from $ 265.1 billion at december 31 , 2017 driven by growth in interest-bearing deposits partially offset by a decrease in noninterest-bearing deposits . see the funding sources section of the consolidated balance sheet review in this report for additional information related to our deposits . additionally , certain assets determined by us to be liquid as well as unused borrowing capacity from a number of sources are also available to manage our liquidity position . at december 31 , 2018 , our liquid assets consisted of short-term investments ( federal funds sold , resale agreements , trading securities and interest-earning deposits with banks ) totaling $ 22.1 billion and securities available for sale totaling $ 63.4 billion . the level of liquid assets fluctuates over time based on many factors , including market conditions , loan and deposit growth and balance sheet management activities . our liquid assets included $ 2.7 billion of securities available for sale and trading securities pledged as collateral to secure public and trust deposits , repurchase agreements and for other purposes . in addition , $ 4.9 billion of securities held to maturity were also pledged as collateral for these purposes . we also obtain liquidity through various forms of funding , including long-term debt ( senior notes , subordinated debt and fhlb borrowings ) and short-term borrowings ( securities sold under repurchase agreements , commercial paper and other short-term borrowings ) . see note 10 borrowed funds and the funding sources section of the consolidated balance sheet review in this report for additional information related to our borrowings . total senior and subordinated debt , on a consolidated basis , decreased due to the following activity : table 24 : senior and subordinated debt . <table class='wikitable'><tr><td>1</td><td>in billions</td><td>2018</td></tr><tr><td>2</td><td>january 1</td><td>$ 33.3</td></tr><tr><td>3</td><td>issuances</td><td>4.5</td></tr><tr><td>4</td><td>calls and maturities</td><td>-6.8 ( 6.8 )</td></tr><tr><td>5</td><td>other</td><td>-.1 ( .1 )</td></tr><tr><td>6</td><td>december 31</td><td>$ 30.9</td></tr></table> .\nQuestion: what was the amount of total deposits in 2018?\nAnswer: 267.8\nQuestion: what was the value in 2017?\nAnswer: 265.1\nQuestion: what was the net difference?\nAnswer: 2.7\nQuestion: what was the 2017 value?\n" }, { "role": "agent", "content": "265.1" } ]
CONVFINQA1609	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table summarizes the total contractual amount of credit-related , off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to independent third parties. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>indemnified securities financing</td><td>$ 324590</td><td>$ 558368</td></tr><tr><td>3</td><td>liquidity asset purchase agreements</td><td>28800</td><td>35339</td></tr><tr><td>4</td><td>unfunded commitments to extend credit</td><td>20981</td><td>17533</td></tr><tr><td>5</td><td>standby letters of credit</td><td>6061</td><td>4711</td></tr></table> approximately 81% ( 81 % ) of the unfunded commitments to extend credit expire within one year from the date of issue . since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements . securities finance : on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . we generally indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . in this regard , we held , as agent , cash and u.s . government securities with an aggregate fair value of $ 333.07 billion and $ 572.93 billion as collateral for indemnified securities on loan at december 31 , 2008 and 2007 , respectively , presented in the table above . the collateral held by us is invested on behalf of our customers . in certain cases , the collateral is invested in third-party repurchase agreements , for which we indemnify the customer against loss of the principal invested . we require the repurchase agreement counterparty to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . the indemnified repurchase agreements and the related collateral are not recorded in our consolidated statement of condition . of the collateral of $ 333.07 billion at december 31 , 2008 and $ 572.93 billion at december 31 , 2007 referenced above , $ 68.37 billion at december 31 , 2008 and $ 106.13 billion at december 31 , 2007 was invested in indemnified repurchase agreements . we held , as agent , cash and securities with an aggregate fair value of $ 71.87 billion and $ 111.02 billion as collateral for indemnified investments in repurchase agreements at december 31 , 2008 and december 31 , 2007 , respectively . asset-backed commercial paper program : in the normal course of our business , we provide liquidity and credit enhancement to an asset-backed commercial paper program sponsored and administered by us , described in note 12 . the commercial paper issuances and commitments of the commercial paper conduits to provide funding are supported by liquidity asset purchase agreements and back-up liquidity lines of credit , the majority of which are provided by us . in addition , we provide direct credit support to the conduits in the form of standby letters of credit . our commitments under liquidity asset purchase agreements and back-up lines of credit totaled $ 23.59 billion at december 31 , 2008 , and are included in the preceding table . our commitments under standby letters of credit totaled $ 1.00 billion at december 31 , 2008 , and are also included in the preceding table . legal proceedings : several customers have filed litigation claims against us , some of which are putative class actions purportedly on behalf of customers invested in certain of state street global advisors 2019 , or ssga 2019s , active fixed-income strategies . these claims related to investment losses in one or more of ssga 2019s strategies that included sub-prime investments . in 2007 , we established a reserve of approximately $ 625 million to address legal exposure associated with the under-performance of certain active fixed-income strategies managed by ssga and customer concerns as to whether the execution of these strategies was consistent with the customers 2019 investment intent . these strategies were adversely impacted by exposure to , and the lack of liquidity in .\nQuestion: what was the value of standby letters of credit in 2008?\nAnswer: 6061.0\nQuestion: what was the value in 2007?\nAnswer: 4711.0\nQuestion: what is the net change?\nAnswer: 1350.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.28656" } ]
CONVFINQA2970	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand . although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end . we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards . these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) . 2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low . throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel . overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 . we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel . the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement . 2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 . free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k . we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 3234</td><td>$ 4070</td><td>$ 3277</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-2175 ( 2175 )</td><td>-2764 ( 2764 )</td><td>-2426 ( 2426 )</td></tr><tr><td>4</td><td>dividends paid</td><td>-544 ( 544 )</td><td>-481 ( 481 )</td><td>-364 ( 364 )</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 515</td><td>$ 825</td><td>$ 487</td></tr></table> 2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees . we will continue implementing total safety culture ( tsc ) throughout our operations . tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers . this process allows us to identify and implement best practices for employee and operational safety . reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities . 2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization . we plan to adjust manpower and our locomotive and rail car fleets to .\nQuestion: what was the value of free cash flow in 2009?\nAnswer: 515.0\nQuestion: what is the value for 2008?\nAnswer: 825.0\nQuestion: what is the net change?\nAnswer: -310.0\nQuestion: what is the 2008 value?\nAnswer: 825.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "-0.37576" } ]
CONVFINQA1300	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 59 of 94 notes to consolidated financial statements ball corporation and subsidiaries 13 . debt and interest costs ( continued ) long-term debt obligations outstanding at december 31 , 2007 , have maturities of $ 127.1 million , $ 160 million , $ 388.4 million , $ 625.1 million and $ 550.3 million for the years ending december 31 , 2008 through 2012 , respectively , and $ 456.1 million thereafter . ball provides letters of credit in the ordinary course of business to secure liabilities recorded in connection with industrial development revenue bonds and certain self-insurance arrangements . letters of credit outstanding at december 31 , 2007 and 2006 , were $ 41 million and $ 52.4 million , respectively . the notes payable and senior credit facilities are guaranteed on a full , unconditional and joint and several basis by certain of the company 2019s domestic wholly owned subsidiaries . certain foreign denominated tranches of the senior credit facilities are similarly guaranteed by certain of the company 2019s wholly owned foreign subsidiaries . note 22 contains further details as well as condensed , consolidating financial information for the company , segregating the guarantor subsidiaries and non-guarantor subsidiaries . the company was not in default of any loan agreement at december 31 , 2007 , and has met all debt payment obligations . the u.s . note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividend payments , share repurchases , investments , financial ratios , guarantees and the incurrence of additional indebtedness . on march 27 , 2006 , ball expanded its senior secured credit facilities with the addition of a $ 500 million term d loan facility due in installments through october 2011 . also on march 27 , 2006 , ball issued at a price of 99.799 percent $ 450 million of 6.625% ( 6.625 % ) senior notes ( effective yield to maturity of 6.65 percent ) due in march 2018 . the proceeds from these financings were used to refinance existing u.s . can debt with ball corporation debt at lower interest rates , acquire certain north american plastic container net assets from alcan and reduce seasonal working capital debt . ( see note 3 for further details of the acquisitions. ) on october 13 , 2005 , ball refinanced its senior secured credit facilities to extend debt maturities at lower interest rate spreads and provide the company with additional borrowing capacity for future growth . during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due in august 2006 . the refinancing and senior note redemptions resulted in a debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) for the related call premium and unamortized debt issuance costs . a summary of total interest cost paid and accrued follows: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>interest costs before refinancing costs</td><td>$ 155.8</td><td>$ 142.5</td><td>$ 102.4</td></tr><tr><td>3</td><td>debt refinancing costs</td><td>2013</td><td>2013</td><td>19.3</td></tr><tr><td>4</td><td>total interest costs</td><td>155.8</td><td>142.5</td><td>121.7</td></tr><tr><td>5</td><td>amounts capitalized</td><td>-6.4 ( 6.4 )</td><td>-8.1 ( 8.1 )</td><td>-5.3 ( 5.3 )</td></tr><tr><td>6</td><td>interest expense</td><td>$ 149.4</td><td>$ 134.4</td><td>$ 116.4</td></tr><tr><td>7</td><td>interest paid during the year ( a )</td><td>$ 153.9</td><td>$ 125.4</td><td>$ 138.5</td></tr></table> ( a ) includes $ 6.6 million paid in 2005 in connection with the redemption of the company 2019s senior and senior subordinated notes. .\nQuestion: what was the total amount of senior notes issued in 2006?\nAnswer: 450.0\nQuestion: and converted to the hundred millions?\nAnswer: 450000000.0\nQuestion: and the effective yield to maturity?\n" }, { "role": "agent", "content": "0.06625" } ]
CONVFINQA7914	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations ( continued ) the following table presents average u.s . and non-u.s . short-duration advances for the years ended december 31 : years ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>average u.s . short-duration advances</td><td>$ 2356</td><td>$ 1972</td><td>$ 1994</td></tr><tr><td>3</td><td>average non-u.s . short-duration advances</td><td>1393</td><td>1393</td><td>1585</td></tr><tr><td>4</td><td>average total short-duration advances</td><td>$ 3749</td><td>$ 3365</td><td>$ 3579</td></tr></table> although average short-duration advances for the year ended december 31 , 2013 increased compared to the year ended december 31 , 2012 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity . average other interest-earning assets increased to $ 11.16 billion for the year ended december 31 , 2013 from $ 7.38 billion for the year ended december 31 , 2012 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our participation in principal securities finance transactions . aggregate average interest-bearing deposits increased to $ 109.25 billion for the year ended december 31 , 2013 from $ 98.39 billion for the year ended december 31 , 2012 . this increase was mainly due to higher levels of non-u.s . transaction accounts associated with the growth of new and existing business in assets under custody and administration . future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s . and non-u.s . interest rates . average other short-term borrowings declined to $ 3.79 billion for the year ended december 31 , 2013 from $ 4.68 billion for the year ended december 31 , 2012 , as higher levels of client deposits provided additional liquidity . average long-term debt increased to $ 8.42 billion for the year ended december 31 , 2013 from $ 7.01 billion for the year ended december 31 , 2012 . the increase primarily reflected the issuance of $ 1.0 billion of extendible notes by state street bank in december 2012 , the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , and the issuance of $ 1.0 billion of senior debt in november 2013 . this increase was partly offset by maturities of $ 1.75 billion of senior debt in the second quarter of 2012 . average other interest-bearing liabilities increased to $ 6.46 billion for the year ended december 31 , 2013 from $ 5.90 billion for the year ended december 31 , 2012 , primarily the result of higher levels of cash collateral received from clients in connection with our participation in principal securities finance transactions . several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s . and non-u.s . interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured . based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay- downs and maturities of investment securities in highly-rated securities , such as u.s . treasury and agency securities , federal agency mortgage-backed securities and u.s . and non-u.s . mortgage- and asset-backed securities . the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time . we expect these factors and the levels of global interest rates to dictate what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .\nQuestion: what was the average total short-duration advances in 2012?\nAnswer: 3365.0\nQuestion: and for 2011?\n" }, { "role": "agent", "content": "3579.0" } ]
CONVFINQA8148	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nutilized . in accordance with sfas no . 144 , accounting for the impairment or disposal of long-lived assets , a non-cash impairment charge of $ 4.1 million was recorded in the second quarter of fiscal 2008 for the excess machinery . this charge is included as a separate line item in the company 2019s consolidated statement of operations . there was no change to useful lives and related depreciation expense of the remaining assets as the company believes these estimates are currently reflective of the period the assets will be used in operations . 7 . warranties the company generally provides a one-year warranty on sequencing , genotyping and gene expression systems . at the time revenue is recognized , the company establishes an accrual for estimated warranty expenses associated with system sales . this expense is recorded as a component of cost of product revenue . estimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract . changes in the company 2019s reserve for product warranties from january 1 , 2006 through december 28 , 2008 are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>balance as of january 1 2006</td><td>$ 751</td></tr><tr><td>2</td><td>additions charged to cost of revenue</td><td>1379</td></tr><tr><td>3</td><td>repairs and replacements</td><td>-1134 ( 1134 )</td></tr><tr><td>4</td><td>balance as of december 31 2006</td><td>996</td></tr><tr><td>5</td><td>additions charged to cost of revenue</td><td>4939</td></tr><tr><td>6</td><td>repairs and replacements</td><td>-2219 ( 2219 )</td></tr><tr><td>7</td><td>balance as of december 30 2007</td><td>3716</td></tr><tr><td>8</td><td>additions charged to cost of revenue</td><td>13044</td></tr><tr><td>9</td><td>repairs and replacements</td><td>-8557 ( 8557 )</td></tr><tr><td>10</td><td>balance as of december 28 2008</td><td>$ 8203</td></tr></table> 8 . convertible senior notes on february 16 , 2007 , the company issued $ 400.0 million principal amount of 0.625% ( 0.625 % ) convertible senior notes due 2014 ( the notes ) , which included the exercise of the initial purchasers 2019 option to purchase up to an additional $ 50.0 million aggregate principal amount of notes . the net proceeds from the offering , after deducting the initial purchasers 2019 discount and offering expenses , were $ 390.3 million . the company will pay 0.625% ( 0.625 % ) interest per annum on the principal amount of the notes , payable semi-annually in arrears in cash on february 15 and august 15 of each year . the company made interest payments of $ 1.3 million and $ 1.2 million on february 15 , 2008 and august 15 , 2008 , respectively . the notes mature on february 15 , the notes will be convertible into cash and , if applicable , shares of the company 2019s common stock , $ 0.01 par value per share , based on a conversion rate , subject to adjustment , of 45.8058 shares per $ 1000 principal amount of notes ( which represents a conversion price of $ 21.83 per share ) , only in the following circumstances and to the following extent : ( 1 ) during the five business-day period after any five consecutive trading period ( the measurement period ) in which the trading price per note for each day of such measurement period was less than 97% ( 97 % ) of the product of the last reported sale price of the company 2019s common stock and the conversion rate on each such day ; ( 2 ) during any calendar quarter after the calendar quarter ending march 30 , 2007 , if the last reported sale price of the company 2019s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately illumina , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what is the balance of reserve for product warranties in 2007?\nAnswer: 3716.0\nQuestion: what about in 2006?\nAnswer: 996.0\nQuestion: what is the net change?\nAnswer: 2720.0\nQuestion: what percentage change does this represent?\nAnswer: 2.73092\nQuestion: what about the balance of reserve for product warranties in 2008?\n" }, { "role": "agent", "content": "8203.0" } ]
CONVFINQA320	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naeronautics 2019 operating profit for 2011 increased $ 132 million , or 9% ( 9 % ) , compared to 2010 . the increase primarily was attributable to approximately $ 115 million of higher operating profit on c-130 programs due to increased volume and the retirement of risks ; increased volume and risk retirements on f-16 programs of about $ 50 million and c-5 programs of approximately $ 20 million ; and about $ 70 million due to risk retirements on other aeronautics sustainment activities in 2011 . these increases partially were offset by a decline in operating profit of approximately $ 75 million on the f-22 program and f-35 development contract primarily due to lower volume and about $ 55 million on other programs , including f-35 lrip , primarily due to lower profit rate adjustments in 2011 compared to 2010 . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 90 million higher in 2011 compared to 2010 . backlog backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 contracts and c-130 programs , partially offset by higher orders on f-16 programs . backlog increased in 2011 compared to 2010 mainly due to higher orders on f-35 contracts , which partially were offset by higher sales volume on the c-130 programs . trends we expect aeronautics will experience a mid single digit percentage range decline in net sales for 2013 as compared to 2012 . a decrease in net sales from a decline in f-16 and c-130j aircraft deliveries is expected to be partially offset by an increase in net sales volume on f-35 lrip contracts . operating profit is projected to decrease at a high single digit percentage range from 2012 levels due to the expected decline in net sales as well as changes in aircraft mix , resulting in a slight decline in operating margins between the years . information systems & global solutions our is&gs business segment provides management services , integrated information technology solutions , and advanced technology systems and expertise across a broad spectrum of applications for civil , defense , intelligence , and other government customers . is&gs has a portfolio of many smaller contracts as compared to our other business segments . is&gs has been impacted by the continuing downturn in the federal information technology budgets and the impact of the continuing resolution that was effective on october 1 , 2012 , the start of the u.s . government 2019s fiscal year . is&gs 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net sales</td><td>$ 8846</td><td>$ 9381</td><td>$ 9921</td></tr><tr><td>3</td><td>operating profit</td><td>808</td><td>874</td><td>814</td></tr><tr><td>4</td><td>operating margins</td><td>9.1% ( 9.1 % )</td><td>9.3% ( 9.3 % )</td><td>8.2% ( 8.2 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>8700</td><td>9300</td><td>9700</td></tr></table> 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 . the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k . census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford ; warfighter information network-tactical ( win-t ) ; command , control , battle management and communications ( c2bmc ) ; and transportation worker identification credential ( twic ) ) . partially offsetting the decreases were higher net sales of approximately $ 140 million from qtc , which was acquired early in the fourth quarter of 2011 ; and about $ 65 million from increased activity on numerous other programs , primarily federal cyber security programs and persistent threat detection system ( ptds ) operational support . is&gs 2019 operating profit for 2012 decreased $ 66 million , or 8% ( 8 % ) , compared to 2011 . the decrease was attributable to lower operating profit of approximately $ 50 million due to the favorable impact of the odin contract completion in 2011 ; about $ 25 million due to an increase in reserves for performance issues related to an international airborne surveillance system in 2012 ; and approximately $ 20 million due to lower volume on certain programs ( primarily c2bmc and win-t ) . partially offsetting the decreases was an increase in operating profit due to higher risk retirements of approximately $ 15 million from the twic program ; and about $ 10 million due to increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support . operating profit for the jtrs program was comparable as a decrease in volume was offset by a decrease in reserves . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 20 million higher for 2012 compared to 2011. .\nQuestion: what were the net sales in 2011?\nAnswer: 9381.0\nQuestion: and in 2010?\nAnswer: 9921.0\nQuestion: so what was the difference between these two years?\n" }, { "role": "agent", "content": "-540.0" } ]
CONVFINQA5678	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncommon stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors . we have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations . in the future , we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions . there were no repurchases of our series a and b common stock during the three months ended december 31 , 2013 . the company first announced its stock repurchase program on august 3 , 2010 . stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2008 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2009 , 2010 , 2011 , 2012 and 2013 . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 312008</td><td>december 312009</td><td>december 312010</td><td>december 312011</td><td>december 312012</td><td>december 312013</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 216.60</td><td>$ 294.49</td><td>$ 289.34</td><td>$ 448.31</td><td>$ 638.56</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 207.32</td><td>$ 287.71</td><td>$ 277.03</td><td>$ 416.52</td><td>$ 602.08</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 198.06</td><td>$ 274.01</td><td>$ 281.55</td><td>$ 436.89</td><td>$ 626.29</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 123.45</td><td>$ 139.23</td><td>$ 139.23</td><td>$ 157.90</td><td>$ 204.63</td></tr><tr><td>6</td><td>peer group</td><td>$ 100.00</td><td>$ 151.63</td><td>$ 181.00</td><td>$ 208.91</td><td>$ 286.74</td><td>$ 454.87</td></tr></table> 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 2014 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .\nQuestion: what was the last year for which there was still information about the performance of the s&p 500?\nAnswer: 2013.0\nQuestion: and what was the first year?\nAnswer: 2008.0\nQuestion: for how many years, then, there was information available about the performance of the s&p 500?\nAnswer: 5.0\nQuestion: what was the value of that stock in 2013?\n" }, { "role": "agent", "content": "204.63" } ]
CONVFINQA8613	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe authorized costs of $ 76 are to be recovered via a surcharge over a twenty-year period beginning october 2012 . surcharges collected as of december 31 , 2015 and 2014 were $ 4 and $ 5 , respectively . in addition to the authorized costs , the company expects to incur additional costs totaling $ 34 , which will be recovered from contributions made by the california state coastal conservancy . contributions collected as of december 31 , 2015 and 2014 were $ 8 and $ 5 , respectively . regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded . regulatory balancing accounts include low income programs and purchased power and water accounts . debt expense is amortized over the lives of the respective issues . call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates . purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s california subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey subsidiary . as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 . tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service . other regulatory assets include certain deferred business transformation costs , construction costs for treatment facilities , property tax stabilization , employee-related costs , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others . these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods . regulatory liabilities the regulatory liabilities generally represent probable future reductions in revenues associated with amounts that are to be credited or refunded to customers through the rate-making process . the following table summarizes the composition of regulatory liabilities as of december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>removal costs recovered through rates</td><td>$ 311</td><td>$ 301</td></tr><tr><td>3</td><td>pension and other postretirement benefitbalancing accounts</td><td>59</td><td>54</td></tr><tr><td>4</td><td>other</td><td>32</td><td>37</td></tr><tr><td>5</td><td>total regulatory liabilities</td><td>$ 402</td><td>$ 392</td></tr></table> removal costs recovered through rates are estimated costs to retire assets at the end of their expected useful life that are recovered through customer rates over the life of the associated assets . in december 2008 , the company 2019s subsidiary in new jersey , at the direction of the new jersey puc , began to depreciate $ 48 of the total balance into depreciation and amortization expense in the consolidated statements of operations via straight line amortization through november 2048 . pension and other postretirement benefit balancing accounts represent the difference between costs incurred and costs authorized by the puc 2019s that are expected to be refunded to customers. .\nQuestion: what was the total of removal costs in 2015?\nAnswer: 311.0\nQuestion: and what was it in 2014?\nAnswer: 301.0\nQuestion: what was, then, the change over the year?\n" }, { "role": "agent", "content": "10.0" } ]
CONVFINQA8760	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries . the amount of parent company guarantees on lease obligations was $ 410.3 and $ 385.1 as of december 31 , 2012 and 2011 , respectively , and the amount of parent company guarantees primarily relating to credit facilities was $ 283.4 and $ 327.5 as of december 31 , 2012 and 2011 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2012 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>deferred acquisition payments</td><td>$ 26.0</td><td>$ 12.4</td><td>$ 9.7</td><td>$ 46.4</td><td>$ 18.9</td><td>$ 2.0</td><td>$ 115.4</td></tr><tr><td>3</td><td>redeemable noncontrolling interests and call options with affiliates1</td><td>20.5</td><td>43.8</td><td>32.9</td><td>5.7</td><td>2.2</td><td>10.6</td><td>115.7</td></tr><tr><td>4</td><td>total contingent acquisition payments</td><td>46.5</td><td>56.2</td><td>42.6</td><td>52.1</td><td>21.1</td><td>12.6</td><td>231.1</td></tr><tr><td>5</td><td>less : cash compensation expense included above</td><td>-0.7 ( 0.7 )</td><td>-0.6 ( 0.6 )</td><td>-0.8 ( 0.8 )</td><td>-0.2 ( 0.2 )</td><td>0.0</td><td>0.0</td><td>-2.3 ( 2.3 )</td></tr><tr><td>6</td><td>total</td><td>$ 45.8</td><td>$ 55.6</td><td>$ 41.8</td><td>$ 51.9</td><td>$ 21.1</td><td>$ 12.6</td><td>$ 228.8</td></tr></table> 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2012 . these estimated payments of $ 16.4 are included within the total payments expected to be made in 2013 , and will continue to be carried forward into 2014 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . see note 6 for further information relating to the payment structure of our acquisitions . all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress . legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities , arising in the normal course of business . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . note 15 : recent accounting standards impairment of indefinite-lived intangible assets in july 2012 , the financial accounting standards board ( 201cfasb 201d ) issued amended guidance to simplify impairment testing of indefinite-lived intangible assets other than goodwill . the amended guidance permits an entity to first assess qualitative factors to determine whether it is 201cmore likely than not 201d that the indefinite-lived intangible asset is impaired . if , after assessing qualitative factors , an entity concludes that it is not 201cmore likely than not 201d that the indefinite-lived intangible .\nQuestion: what was the total of estimated future contingent acquisition obligations payable in cash in 2015?\nAnswer: 41.8\nQuestion: and what was that total for all years?\nAnswer: 228.8\nQuestion: how much, then, does that 2015 total represent in relation to this one?\nAnswer: 0.18269\nQuestion: and how much is that in percentage?\n" }, { "role": "agent", "content": "18.26923" } ]
CONVFINQA2524	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations state street corporation \| 90 table 30 : total deposits average balance december 31 years ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>december 31 2017</td><td>december 31 2016</td><td>december 31 2017</td><td>2016</td></tr><tr><td>2</td><td>client deposits</td><td>$ 180149</td><td>$ 176693</td><td>$ 158996</td><td>$ 156029</td></tr><tr><td>3</td><td>wholesale cds</td><td>4747</td><td>10470</td><td>4812</td><td>14456</td></tr><tr><td>4</td><td>total deposits</td><td>$ 184896</td><td>$ 187163</td><td>$ 163808</td><td>$ 170485</td></tr></table> short-term funding our on-balance sheet liquid assets are also an integral component of our liquidity management strategy . these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales . in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors . as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral . short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase . these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities . these balances were $ 2.84 billion and $ 4.40 billion as of december 31 , 2017 and december 31 , 2016 , respectively . state street bank currently maintains a line of credit with a financial institution of cad 1.40 billion , or approximately $ 1.11 billion as of december 31 , 2017 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2017 , there was no balance outstanding on this line of credit . long-term funding we have the ability to issue debt and equity securities under our current universal shelf registration to meet current commitments and business needs , including accommodating the transaction and cash management needs of our clients . in addition , state street bank , a wholly owned subsidiary of the parent company , also has authorization to issue up to $ 5 billion in unsecured senior debt and an additional $ 500 million of subordinated debt . agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies . factors essential to maintaining high credit ratings include : 2022 diverse and stable core earnings ; 2022 relative market position ; 2022 strong risk management ; 2022 strong capital ratios ; 2022 diverse liquidity sources , including the global capital markets and client deposits ; 2022 strong liquidity monitoring procedures ; and 2022 preparedness for current or future regulatory developments . high ratings limit borrowing costs and enhance our liquidity by : 2022 providing assurance for unsecured funding and depositors ; 2022 increasing the potential market for our debt and improving our ability to offer products ; 2022 serving markets ; and 2022 engaging in transactions in which clients value high credit ratings . a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital markets , which could increase the related cost of funds . in turn , this could cause the sudden and large-scale withdrawal of unsecured deposits by our clients , which could lead to draw-downs of unfunded commitments to extend credit or trigger requirements under securities purchase commitments ; or require additional collateral or force terminations of certain trading derivative contracts . a majority of our derivative contracts have been entered into 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 arrangements by determining the collateral that would be required assuming a downgrade by all rating agencies . the additional collateral or termination payments related to our net derivative liabilities under these arrangements that could have been called by counterparties in the event of a downgrade in our credit ratings below levels specified in the agreements is disclosed in note 10 to the consolidated financial statements included under item 8 , financial statements and supplementary data , of this form 10-k . other funding sources , such as secured financing transactions and other margin requirements , for which there are no explicit triggers , could also be adversely affected. .\nQuestion: what was the difference in total deposits between 2016 and 2017?\n" }, { "role": "agent", "content": "-2267.0" } ]
CONVFINQA10132	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy louisiana , llc management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2006 net revenue</td><td>$ 942.1</td></tr><tr><td>3</td><td>base revenues</td><td>78.4</td></tr><tr><td>4</td><td>volume/weather</td><td>37.5</td></tr><tr><td>5</td><td>transmission revenue</td><td>9.2</td></tr><tr><td>6</td><td>purchased power capacity</td><td>-80.0 ( 80.0 )</td></tr><tr><td>7</td><td>other</td><td>3.9</td></tr><tr><td>8</td><td>2007 net revenue</td><td>$ 991.1</td></tr></table> the base revenues variance is primarily due to increases effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing capacity costs . see \"state and local rate regulation\" below and note 2 to the financial statements for a discussion of the formula rate plan filing . the volume/weather variance is due to increased electricity usage , including electricity sales during the unbilled service period . billed retail electricity usage increased a total of 666 gwh in all sectors compared to 2006 . see \"critical accounting estimates\" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues . the transmission revenue variance is primarily due to higher rates . the purchased power capacity variance is primarily due to higher purchased power capacity charges and the amortization of capacity charges effective september 2006 as a result of the formula rate plan filing in may 2006 . a portion of the purchased power capacity costs is offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges , as mentioned above . see \"state and local rate regulation\" below and note 2 to the financial statements for a discussion of the formula rate plan filing . gross operating revenues , fuel , purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to : an increase of $ 143.1 million in fuel cost recovery revenues due to higher fuel rates and usage ; an increase of $ 78.4 million in base revenues , as discussed above ; and an increase of $ 37.5 million related to volume/weather , as discussed above . fuel and purchased power expenses increased primarily due to an increase in net area demand and an increase in deferred fuel expense as a result of higher fuel rates , as discussed above . other regulatory credits decreased primarily due to the deferral of capacity charges in 2006 in addition to the amortization of these capacity charges in 2007 as a result of the may 2006 formula rate plan filing ( for the 2005 test year ) with the lpsc to recover such costs through base rates effective september 2006 . see note 2 to the financial statements for a discussion of the formula rate plan and storm cost recovery filings with the lpsc. .\nQuestion: what is the net revenue in 2007?\n" }, { "role": "agent", "content": "991.1" } ]
CONVFINQA2281	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable . joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 . until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible . ( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations . the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba . the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification . for more discussion , see part i , item 1a . risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense . based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total operating expenses . <table class='wikitable'><tr><td>1</td><td>year</td><td>gallons</td><td>average priceper gallon</td><td>aircraft fuelexpense</td><td>percent of totaloperating expenses</td></tr><tr><td>2</td><td>2017</td><td>4352</td><td>$ 1.73</td><td>$ 7510</td><td>19.7% ( 19.7 % )</td></tr><tr><td>3</td><td>2016</td><td>4347</td><td>1.42</td><td>6180</td><td>17.7% ( 17.7 % )</td></tr><tr><td>4</td><td>2015</td><td>4323</td><td>1.72</td><td>7456</td><td>21.4% ( 21.4 % )</td></tr></table> as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters ( including hurricanes or similar events in the u.s . southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year . general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern . therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .\nQuestion: what was the change in the average price per gallon of aircraft fuel from the year of 2016 to 2017?\nAnswer: 0.31\nQuestion: and what was the average price per gallon of aircraft fuel in 2016?\nAnswer: 1.42\nQuestion: how much, then, does that change represent in relation to the 2016 average price?\n" }, { "role": "agent", "content": "0.21831" } ]
CONVFINQA4981	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nour refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation . the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as an indicator of the impact of price on the refining margin . crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil . as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s . gulf coast crack spreads that we feel most closely track our operations and slate of products . posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation . the following table lists calculated average crack spreads by quarter for the midwest ( chicago ) and gulf coast markets in 2008 . crack spreads ( dollars per barrel ) 1st qtr 2nd qtr 3rd qtr 4th qtr 2008 . <table class='wikitable'><tr><td>1</td><td>crack spreads ( dollars per barrel )</td><td>1st qtr</td><td>2nd qtr</td><td>3rd qtr</td><td>4th qtr</td><td>2008</td></tr><tr><td>2</td><td>chicago lls 6-3-2-1</td><td>$ 0.07</td><td>$ 2.71</td><td>$ 7.81</td><td>$ 2.31</td><td>$ 3.27</td></tr><tr><td>3</td><td>us gulf coast lls 6-3-2-1</td><td>$ 1.39</td><td>$ 1.99</td><td>$ 6.32</td><td>( $ 0.01 )</td><td>$ 2.45</td></tr></table> in addition to the market changes indicated by the crack spreads , our refining and wholesale marketing gross margin is impacted by factors such as the types of crude oil and other charge and blendstocks processed , the selling prices realized for refined products , the impact of commodity derivative instruments used to mitigate price risk and the cost of purchased products for resale . we process significant amounts of sour crude oil which can enhance our profitability compared to certain of our competitors , as sour crude oil typically can be purchased at a discount to sweet crude oil . finally , our refining and wholesale marketing gross margin is impacted by changes in manufacturing costs , which are primarily driven by the level of maintenance activities at the refineries and the price of purchased natural gas used for plant fuel . our 2008 refining and wholesale marketing gross margin was the key driver of the 43 percent decrease in rm&t segment income when compared to 2007 . our average refining and wholesale marketing gross margin per gallon decreased 37 percent , to 11.66 cents in 2008 from 18.48 cents in 2007 , primarily due to the significant and rapid increases in crude oil prices early in 2008 and lagging wholesale price realizations . our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability . while on average demand has been increasing for several years , there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year . in 2008 , demand began to drop due to the combination of significant increases in retail petroleum prices and a broad slowdown in general activity . the gross margin on merchandise sold at retail outlets has historically been more constant . the profitability of our pipeline transportation operations is primarily dependent on the volumes shipped through our crude oil and refined products pipelines . the volume of crude oil that we transport is directly affected by the supply of , and refiner demand for , crude oil in the markets served directly by our crude oil pipelines . key factors in this supply and demand balance are the production levels of crude oil by producers , the availability and cost of alternative modes of transportation , and refinery and transportation system maintenance levels . the volume of refined products that we transport is directly affected by the production levels of , and user demand for , refined products in the markets served by our refined product pipelines . in most of our markets , demand for gasoline peaks during the summer and declines during the fall and winter months , whereas distillate demand is more ratable throughout the year . as with crude oil , other transportation alternatives and system maintenance levels influence refined product movements . integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand . our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in the u.s. , europe and west africa . our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . in 2008 , its .\nQuestion: what was the total combined crack spread for us gulf coast lls 6-3-2-1 in the first and second quarter of 2008?\nAnswer: 3.38\nQuestion: so what was the average over this time?\n" }, { "role": "agent", "content": "1.69" } ]
CONVFINQA4301	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n56 / 57 management 2019s discussion and analysis of financial condition and results of operations junior subordinate deferrable interest debentures in june 2005 , we issued $ 100.0 a0million of trust preferred securities , which are reflected on the balance sheet as junior subordinate deferrable interest debentures . the proceeds were used to repay our revolving credit facility . the $ 100.0 a0million of junior subordi- nate deferrable interest debentures have a 30-year term ending july 2035 . they bear interest at a fixed rate of 5.61% ( 5.61 % ) for the first 10 years ending july 2015 . thereafter , the rate will float at three month libor plus 1.25% ( 1.25 % ) . the securities are redeemable at par . restrictive covenants the terms of the 2011 revolving credit facility and certain of our senior unsecured notes include certain restrictions and covenants which may limit , among other things , our ability to pay dividends ( as discussed below ) , make certain types of investments , incur additional indebtedness , incur liens and enter into negative pledge agreements and the disposition of assets , and which require compliance with financial ratios including our minimum tangible net worth , a maximum ratio of total indebtedness to total asset value , a minimum ratio of ebitda to fixed charges and a maximum ratio of unsecured indebtedness to unencumbered asset value . the dividend restriction referred to above provides that we will not during any time when we are in default , make distributions with respect to common stock or other equity interests , except to enable us to continue to qualify as a reit for federal income tax purposes . as of december a031 , 2011 and 2010 , we were in compli- ance with all such covenants . market rate risk we are exposed to changes in interest rates primarily from our floating rate borrowing arrangements . we use interest rate deriv- ative instruments to manage exposure to interest rate changes . a a0hypothetical 100 a0basis point increase in interest rates along the entire interest rate curve for 2011 and 2010 , would increase our annual interest cost by approximately $ 12.3 a0million and $ 11.0 a0mil- lion and would increase our share of joint venture annual interest cost by approximately $ 4.8 a0million and $ 6.7 a0million , respectively . we recognize all derivatives on the balance sheet at fair value . derivatives that are not hedges must be adjusted to fair value through income . if a derivative is a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earnings , or recognized in other comprehensive income until the hedged item is recognized in earnings . the ineffective portion of a derivative 2019s change in fair value is recognized immediately in earnings . approximately $ 4.8 a0billion of our long- term debt bore interest a0at fixed rates , and therefore the fair value of these instru- ments is affected by changes in the market interest rates . the interest rate on our variable rate debt and joint venture debt as of december a031 , 2011 ranged from libor plus 150 a0basis points to libor plus 350 a0basis points . contractual obligations combined aggregate principal maturities of mortgages and other loans payable , our 2011 revolving credit facility , senior unsecured notes ( net of discount ) , trust preferred securities , our share of joint venture debt , including as- of-right extension options , estimated interest expense ( based on weighted average interest rates for the quarter ) , and our obligations under our capital lease and ground leases , as of december a031 , 2011 are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>property mortgages</td><td>$ 52443</td><td>$ 568649</td><td>$ 647776</td><td>$ 270382</td><td>$ 556400</td><td>$ 2278190</td><td>$ 4373840</td></tr><tr><td>3</td><td>revolving credit facility</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td><td>350000</td><td>2014</td><td>350000</td></tr><tr><td>4</td><td>trust preferred securities</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td><td>100000</td><td>100000</td></tr><tr><td>5</td><td>senior unsecured notes</td><td>119423</td><td>2014</td><td>98578</td><td>657</td><td>274804</td><td>777194</td><td>1270656</td></tr><tr><td>6</td><td>capital lease</td><td>1555</td><td>1555</td><td>1555</td><td>1592</td><td>1707</td><td>42351</td><td>50315</td></tr><tr><td>7</td><td>ground leases</td><td>33429</td><td>33429</td><td>33429</td><td>33429</td><td>33533</td><td>615450</td><td>782699</td></tr><tr><td>8</td><td>estimated interest expense</td><td>312672</td><td>309280</td><td>269286</td><td>244709</td><td>212328</td><td>470359</td><td>1818634</td></tr><tr><td>9</td><td>joint venture debt</td><td>176457</td><td>93683</td><td>123983</td><td>102476</td><td>527814</td><td>800102</td><td>1824515</td></tr><tr><td>10</td><td>total</td><td>$ 695979</td><td>$ 1006596</td><td>$ 1174607</td><td>$ 653245</td><td>$ 1956586</td><td>$ 5083646</td><td>$ 10570659</td></tr></table> .\nQuestion: what was the sum of joint venture debt in 2012 and 2013?\n" }, { "role": "agent", "content": "270140.0" } ]
CONVFINQA189	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents research and development expense ( 201cr&d 201d ) r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 . this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities . also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard . although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in 2010 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to make further investments in r&d to remain competitive . r&d expense increased 20% ( 20 % ) or $ 224 million to $ 1.3 billion in 2009 compared to 2008 . this increase was due primarily to an increase in headcount in 2009 to support expanded r&d activities and higher stock-based compensation expenses . additionally , $ 71 million of software development costs were capitalized related to mac os x snow leopard and excluded from r&d expense during 2009 , compared to $ 11 million of software development costs capitalized during 2008 . although total r&d expense increased 20% ( 20 % ) during 2009 , it remained relatively flat as a percentage of net sales given the 14% ( 14 % ) increase in revenue in 2009 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 . this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased stock-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . sg&a expenses increased $ 388 million or 10% ( 10 % ) to $ 4.1 billion in 2009 compared to 2008 . this increase was due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , higher stock-based compensation expense and higher spending on marketing and advertising . other income and expense other income and expense for the three years ended september 25 , 2010 , are as follows ( in millions ) : total other income and expense decreased $ 171 million or 52% ( 52 % ) to $ 155 million during 2010 compared to $ 326 million and $ 620 million in 2009 and 2008 , respectively . the overall decrease in other income and expense is attributable to the significant declines in interest rates on a year- over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.75% ( 0.75 % ) , 1.43% ( 1.43 % ) and 3.44% ( 3.44 % ) during 2010 , 2009 and 2008 , respectively . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . during 2010 , 2009 and 2008 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 24% ( 24 % ) , 32% ( 32 % ) and 32% ( 32 % ) for 2010 , 2009 and 2008 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of 35% ( 35 % ) due . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>interest income</td><td>$ 311</td><td>$ 407</td><td>$ 653</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>-156 ( 156 )</td><td>-81 ( 81 )</td><td>-33 ( 33 )</td></tr><tr><td>4</td><td>total other income and expense</td><td>$ 155</td><td>$ 326</td><td>$ 620</td></tr></table> .\nQuestion: what was the change in total other income and expense from 2008 to 2009?\n" }, { "role": "agent", "content": "294.0" } ]
CONVFINQA657	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe redemptions resulted in an early extinguishment charge of $ 5 million . on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 . the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 . on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 . the redemption resulted in a $ 5 million early extinguishment charge . receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility . ( see further discussion of our receivables securitization facility in note 10 ) . 15 . variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) . these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions . within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices . depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2012</td><td>$ 525</td><td>$ 297</td></tr><tr><td>3</td><td>2013</td><td>489</td><td>269</td></tr><tr><td>4</td><td>2014</td><td>415</td><td>276</td></tr><tr><td>5</td><td>2015</td><td>372</td><td>276</td></tr><tr><td>6</td><td>2016</td><td>347</td><td>262</td></tr><tr><td>7</td><td>later years</td><td>2380</td><td>1179</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 4528</td><td>$ 2559</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-685 ( 685 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1874</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant. .\nQuestion: what was the amount redeemed of their outstanding notes due january 15 , 2011?\nAnswer: 400.0\nQuestion: and what was the value of those outstanding notes?\nAnswer: 0.0665\nQuestion: how much, then, do these outstanding notes amount to when related to that amount redeemed?\nAnswer: 26.6\nQuestion: is this value greater than the cost of the early extinguishment?\n" }, { "role": "agent", "content": "yes" } ]
CONVFINQA1322	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company endeavors to actively engage with every insured account posing significant potential asbestos exposure to mt . mckinley . such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements . sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments . the company 2019s mt . mckinley operation is currently managing four sip agreements , one of which was executed prior to the acquisition of mt . mckinley in 2000 . the company 2019s preference with respect to coverage settlements is to execute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty . the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active . those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity . the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders . everest re 2019s book of assumed a&e reinsurance is relatively concentrated within a limited number of contracts and for a limited period , from 1974 to 1984 . because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities . the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies . this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies . as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention . however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers . this furnished information is not always timely or accurate and can impact the accuracy and timeliness of the company 2019s ultimate loss projections . the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td><td>years ended december 31 , 2010</td></tr><tr><td>2</td><td>case reserves reported by ceding companies</td><td>$ 138.4</td><td>$ 145.6</td><td>$ 135.4</td></tr><tr><td>3</td><td>additional case reserves established by the company ( assumed reinsurance ) ( 1 )</td><td>90.6</td><td>102.9</td><td>116.1</td></tr><tr><td>4</td><td>case reserves established by the company ( direct insurance )</td><td>36.7</td><td>40.6</td><td>38.9</td></tr><tr><td>5</td><td>incurred but not reported reserves</td><td>177.1</td><td>210.9</td><td>264.4</td></tr><tr><td>6</td><td>gross reserves</td><td>442.8</td><td>499.9</td><td>554.8</td></tr><tr><td>7</td><td>reinsurance receivable</td><td>-17.1 ( 17.1 )</td><td>-19.8 ( 19.8 )</td><td>-21.9 ( 21.9 )</td></tr><tr><td>8</td><td>net reserves</td><td>$ 425.7</td><td>$ 480.2</td><td>$ 532.9</td></tr></table> ( 1 ) additional reserves are case specific reserves established by the company in excess of those reported by the ceding company , based on the company 2019s assessment of the covered loss . ( some amounts may not reconcile due to rounding. ) additional losses , including those relating to latent injuries and other exposures , which are as yet unrecognized , the type or magnitude of which cannot be foreseen by either the company or the industry , may emerge in the future . such future emergence could have material adverse effects on the company 2019s future financial condition , results of operations and cash flows. .\nQuestion: what was the net reserves as of 12/31/12?\nAnswer: 425.7\nQuestion: and for the period ended 12/31/11?\nAnswer: 480.2\nQuestion: what was the difference between these two balances?\nAnswer: -54.5\nQuestion: and the balance as of 12/31/11 again?\n" }, { "role": "agent", "content": "480.2" } ]
CONVFINQA570	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis . allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction . the regulated utility subsidiaries record afudc to the extent permitted by the pucs . the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations . any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations . afudc is summarized in the following table for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>allowance for other funds used during construction</td><td>$ 13</td><td>$ 9</td><td>$ 13</td></tr><tr><td>3</td><td>allowance for borrowed funds used during construction</td><td>8</td><td>6</td><td>6</td></tr></table> environmental costs the company 2019s water and wastewater operations are subject to u.s . federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business . environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate . remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated . remediation costs accrued amounted to $ 1 and $ 2 as of december 31 , 2015 and 2014 , respectively . the accrual relates entirely to a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration ( 201cnoaa 201d ) requiring the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california . the company has agreed to pay $ 1 annually from 2010 to 2016 . the company 2019s inception-to-date costs related to the noaa agreement were recorded in regulatory assets in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014 and are expected to be fully recovered from customers in future rates . derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates . these derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures . the company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments . all derivatives are recognized on the balance sheet at fair value . on the date the derivative contract is entered into , the company may designate the derivative as a hedge of the fair value of a recognized asset or liability ( fair-value hedge ) or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ( cash-flow hedge ) . changes in the fair value of a fair-value hedge , along with the gain or loss on the underlying hedged item , are recorded in current-period earnings . the effective portion of gains and losses on cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows . any ineffective portion of designated hedges is recognized in current-period earnings . cash flows from derivative contracts are included in net cash provided by operating activities in the accompanying consolidated statements of cash flows. .\nQuestion: what was the change in the allowance for other funds used during construction from 2013 to 2014?\nAnswer: -4.0\nQuestion: and how much does this change represent in relation to that allowance in 2013?\n" }, { "role": "agent", "content": "-0.44444" } ]
CONVFINQA7372	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) maturities 2014as of december 31 , 2007 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 1817</td></tr><tr><td>2</td><td>2009</td><td>1241</td></tr><tr><td>3</td><td>2010</td><td>78828</td></tr><tr><td>4</td><td>2011</td><td>13714</td></tr><tr><td>5</td><td>2012</td><td>1894998</td></tr><tr><td>6</td><td>thereafter</td><td>2292895</td></tr><tr><td>7</td><td>total cash obligations</td><td>$ 4283493</td></tr><tr><td>8</td><td>accreted value of the discount and premium of 3.00% ( 3.00 % ) notes and 7.125% ( 7.125 % ) notes</td><td>1791</td></tr><tr><td>9</td><td>balance as of december 31 2007</td><td>$ 4285284</td></tr></table> 4 . acquisitions during the years ended december 31 , 2007 , 2006 and 2005 , the company used cash to acquire a total of ( i ) 293 towers and the assets of a structural analysis firm for approximately $ 44.0 million in cash ( ii ) 84 towers and 6 in-building distributed antenna systems for approximately $ 14.3 million and ( iii ) 30 towers for approximately $ 6.0 million in cash , respectively . the tower asset acquisitions were primarily in mexico and brazil under ongoing agreements . during the year ended december 31 , 2005 , the company also completed its merger with spectrasite , inc . pursuant to which the company acquired approximately 7800 towers and 100 in-building distributed antenna systems . under the terms of the merger agreement , in august 2005 , spectrasite , inc . merged with a wholly- owned subsidiary of the company , and each share of spectrasite , inc . common stock converted into the right to receive 3.575 shares of the company 2019s class a common stock . the company issued approximately 169.5 million shares of its class a common stock and reserved for issuance approximately 9.9 million and 6.8 million of class a common stock pursuant to spectrasite , inc . options and warrants , respectively , assumed in the merger . the final allocation of the $ 3.1 billion purchase price is summarized in the company 2019s annual report on form 10-k for the year ended december 31 , 2006 . the acquisitions consummated by the company during 2007 , 2006 and 2005 , have been accounted for under the purchase method of accounting in accordance with sfas no . 141 201cbusiness combinations 201d ( sfas no . 141 ) . the purchase prices have been allocated to the net assets acquired and the liabilities assumed based on their estimated fair values at the date of acquisition . the company primarily acquired its tower assets from third parties in one of two types of transactions : the purchase of a business or the purchase of assets . the structure of each transaction affects the way the company allocates purchase price within the consolidated financial statements . in the case of tower assets acquired through the purchase of a business , such as the company 2019s merger with spectrasite , inc. , the company allocates the purchase price to the assets acquired and liabilities assumed at their estimated fair values as of the date of acquisition . the excess of the purchase price paid by the company over the estimated fair value of net assets acquired has been recorded as goodwill . in the case of an asset purchase , the company first allocates the purchase price to property and equipment for the appraised value of the towers and to identifiable intangible assets ( primarily acquired customer base ) . the company then records any remaining purchase price within intangible assets as a 201cnetwork location intangible . 201d .\nQuestion: what was the total cost of the towers acquired in the year of 2005?\n" }, { "role": "agent", "content": "6000000.0" } ]
CONVFINQA7589	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndirect the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2015</td><td>$ 508</td><td>$ 253</td></tr><tr><td>3</td><td>2016</td><td>484</td><td>249</td></tr><tr><td>4</td><td>2017</td><td>429</td><td>246</td></tr><tr><td>5</td><td>2018</td><td>356</td><td>224</td></tr><tr><td>6</td><td>2019</td><td>323</td><td>210</td></tr><tr><td>7</td><td>later years</td><td>1625</td><td>745</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 3725</td><td>$ 1927</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-407 ( 407 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1520</td></tr></table> approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 . because of the uncertainty .\nQuestion: what are minimum payments of operating leases?\nAnswer: 3725.0\nQuestion: what are minimum payments of capital leases?\n" }, { "role": "agent", "content": "1927.0" } ]
CONVFINQA322	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table summarizes the changes in the company 2019s valuation allowance: . <table class='wikitable'><tr><td>1</td><td>balance at january 1 2011</td><td>$ 23788</td></tr><tr><td>2</td><td>increases in current period tax positions</td><td>1525</td></tr><tr><td>3</td><td>decreases in current period tax positions</td><td>-3734 ( 3734 )</td></tr><tr><td>4</td><td>balance at december 31 2011</td><td>$ 21579</td></tr><tr><td>5</td><td>increases in current period tax positions</td><td>0</td></tr><tr><td>6</td><td>decreases in current period tax positions</td><td>-2059 ( 2059 )</td></tr><tr><td>7</td><td>balance at december 31 2012</td><td>$ 19520</td></tr><tr><td>8</td><td>increases in current period tax positions</td><td>0</td></tr><tr><td>9</td><td>decreases in current period tax positions</td><td>-5965 ( 5965 )</td></tr><tr><td>10</td><td>balance at december 31 2013</td><td>$ 13555</td></tr></table> included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance . note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for all employees . the pension plans were closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost . further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position . pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities , guaranteed interest contracts with insurance companies and real estate investment trusts ( 201creits 201d ) . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees . the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees . the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 . the plans had previously closed for non-union employees hired on or after january 1 , 2002 . the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes . assets of the plans are invested in equity mutual funds , bond mutual funds and fixed income securities. .\nQuestion: what is the net valuation allowance as of december 31, 2013?\n" }, { "role": "agent", "content": "10576.0" } ]
CONVFINQA9565	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co./2015 annual report 67 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of 24 leading national money center and regional banks and thrifts . the s&p financial index is an index of 87 financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2010 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2010 2011 2012 2013 2014 2015 . <table class='wikitable'><tr><td>1</td><td>december 31 ( in dollars )</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td></tr><tr><td>2</td><td>jpmorgan chase</td><td>$ 100.00</td><td>$ 80.03</td><td>$ 108.98</td><td>$ 148.98</td><td>$ 163.71</td><td>$ 177.40</td></tr><tr><td>3</td><td>kbw bank index</td><td>100.00</td><td>76.82</td><td>102.19</td><td>140.77</td><td>153.96</td><td>154.71</td></tr><tr><td>4</td><td>s&p financial index</td><td>100.00</td><td>82.94</td><td>106.78</td><td>144.79</td><td>166.76</td><td>164.15</td></tr><tr><td>5</td><td>s&p 500 index</td><td>100.00</td><td>102.11</td><td>118.44</td><td>156.78</td><td>178.22</td><td>180.67</td></tr></table> december 31 , ( in dollars ) .\nQuestion: what was the price for the s&p financial index in 2015?\nAnswer: 164.15\nQuestion: what was the change in the 2015 price and the initial $100 investment?\n" }, { "role": "agent", "content": "64.15" } ]
CONVFINQA6052	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) high quality financial institutions . such balances may be in excess of fdic insured limits . to manage the related 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 small-container , large-container , municipal and residential , and energy services 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 accounts receivable represent receivables from customers for collection , transfer , recycling , disposal , energy services 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 and customer credits , 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: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 44.0</td><td>$ 46.7</td><td>$ 38.9</td></tr><tr><td>3</td><td>additions charged to expense</td><td>30.6</td><td>20.4</td><td>22.7</td></tr><tr><td>4</td><td>accounts written-off</td><td>-35.7 ( 35.7 )</td><td>-23.1 ( 23.1 )</td><td>-14.9 ( 14.9 )</td></tr><tr><td>5</td><td>balance at end of year</td><td>$ 38.9</td><td>$ 44.0</td><td>$ 46.7</td></tr></table> restricted cash and marketable securities as of december 31 , 2017 , we had $ 141.1 million of restricted cash and marketable securities of which $ 71.4 million supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability . additionally , 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 .\nQuestion: what was the change in the account balance in the allowance for doubtful accounts from 2016 to 2017?\n" }, { "role": "agent", "content": "-2.7" } ]
CONVFINQA3502	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nequity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2014 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1955024 $ 36.06 4078093 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>1955024</td><td>$ 36.06</td><td>4078093</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>1955024</td><td>$ 36.06</td><td>4078093</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the \"2012 plan\" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the \"2011 plan\" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 644321 were subject to stock options , 539742 were subject to outstanding restricted performance stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 33571 stock rights , 11046 restricted stock rights and 663322 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 644321 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . this proof is printed at 96% ( 96 % ) of original size this line represents final trim and will not print .\nQuestion: what was the total value of the equity compensation plan?\nAnswer: 6033117.0\nQuestion: what amount from that value is to be issued upon exercise of outstanding options warrants and rights?\n" }, { "role": "agent", "content": "1955024.0" } ]
CONVFINQA5864	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntheme parks segment 2013 operating costs and expenses our theme parks segment operating costs and expenses consist primarily of theme park operations , includ- ing repairs and maintenance and related administrative expenses ; food , beverage and merchandise costs ; labor costs ; and sales and marketing costs . theme parks segment operating costs and expenses increased in 2015 and 2014 primarily due to additional costs at our orlando and hollywood theme parks associated with newer attractions , such as the fast fur- ious 2122 2014 supercharged 2122 studio tour in hollywood in 2015 and the wizarding world of harry potter 2122 2014 diagon alley 2122 in orlando in 2014 and increases in food , beverage and merchandise costs associated with the increases in attendance in both years . operating costs and expenses also increased in 2015 due to $ 89 million of operating costs and expenses attributable to universal studios japan and $ 22 million of transaction costs related to our development of a theme park in china . nbcuniversal headquarters , other and eliminations headquarters and other operating costs and expenses incurred by our nbcuniversal businesses include overhead , personnel costs and costs associated with corporate initiatives . operating costs and expenses increased in 2015 and 2014 primarily due to higher employee-related costs , including severance costs in corporate and other results of operations year ended december 31 ( in millions ) 2015 2014 2013 % ( % ) change 2014 to 2015 % ( % ) change 2013 to 2014 . <table class='wikitable'><tr><td>1</td><td>year ended december 31 ( in millions )</td><td>2015</td><td>2014</td><td>2013</td><td>% ( % ) change 2014 to 2015</td><td>% ( % ) change 2013 to 2014</td></tr><tr><td>2</td><td>revenue</td><td>$ 766</td><td>$ 709</td><td>$ 600</td><td>8.0% ( 8.0 % )</td><td>18.1% ( 18.1 % )</td></tr><tr><td>3</td><td>operating costs and expenses</td><td>1664</td><td>1487</td><td>1089</td><td>11.9</td><td>36.5</td></tr><tr><td>4</td><td>operating loss before depreciation and amortization</td><td>$ -898 ( 898 )</td><td>$ -778 ( 778 )</td><td>$ -489 ( 489 )</td><td>( 15.5 ) % ( % )</td><td>( 59.1 ) % ( % )</td></tr></table> corporate and other 2013 revenue other revenue primarily relates to comcast spectacor , which owns the philadelphia flyers and the wells fargo center arena in philadelphia , pennsylvania and operates arena management-related businesses . other revenue increased in 2015 and 2014 primarily due to increases in revenue from food and other services associated with new contracts entered into by one of our comcast spectacor businesses . the increase in other revenue in 2014 was also due to an increase in revenue associated with newly acquired businesses . corporate and other 2013 operating costs and expenses corporate and other operating costs and expenses primarily include overhead , personnel costs , the costs of corporate initiatives and branding , and operating costs and expenses associated with comcast spectacor . excluding transaction costs associated with the time warner cable merger and related divestiture trans- actions of $ 178 million and $ 237 million in 2015 and 2014 , respectively , corporate and other operating costs and expenses increased 19% ( 19 % ) in 2015 . this was primarily due to $ 56 million of expenses related to a contract settlement , an increase in expenses related to corporate strategic business initiatives and an increase in operating costs and expenses at comcast spectacor primarily associated with new contracts entered into by one of its businesses . corporate and other operating costs and expenses increased in 2014 primarily due to $ 237 million of transaction-related costs associated with the time warner cable merger and related divest- iture transactions , as well as an increase in operating costs and expenses associated with new contracts entered into by one of our comcast spectacor businesses . comcast 2015 annual report on form 10-k 60 .\nQuestion: what is the sum of revenues from 2015 and 2014?\nAnswer: 1475.0\nQuestion: what were revenues in 2013?\n" }, { "role": "agent", "content": "600.0" } ]
CONVFINQA2990	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhave 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 , 2009 , we had a working capital surplus of approximately $ 1.0 billion , which reflects our decision to maintain additional cash reserves to enhance liquidity in response to difficult economic conditions . at december 31 , 2008 , we had a working capital deficit of approximately $ 100 million . historically , we have had a working capital deficit , which is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources and , when necessary , have access to capital to meet any daily and short-term cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . cash flows millions of dollars 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 3234</td><td>$ 4070</td><td>$ 3277</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-2175 ( 2175 )</td><td>-2764 ( 2764 )</td><td>-2426 ( 2426 )</td></tr><tr><td>4</td><td>cash used in financing activities</td><td>-458 ( 458 )</td><td>-935 ( 935 )</td><td>-800 ( 800 )</td></tr><tr><td>5</td><td>net change in cash and cash equivalents</td><td>$ 601</td><td>$ 371</td><td>$ 51</td></tr></table> operating activities lower net income in 2009 , a reduction of $ 184 million in the outstanding balance of our accounts receivable securitization program , higher pension contributions of $ 72 million , and changes to working capital combined to decrease cash provided by operating activities compared to 2008 . higher net income and changes in working capital combined to increase cash provided by operating activities in 2008 compared to 2007 . in addition , accelerated tax deductions enacted in 2008 on certain new operating assets resulted in lower income tax payments in 2008 versus 2007 . voluntary pension contributions in 2008 totaling $ 200 million and other pension contributions of $ 8 million partially offset the year-over-year increase versus 2007 . investing activities lower capital investments and higher proceeds from asset sales drove the decrease in cash used in investing activities in 2009 versus 2008 . increased capital investments and lower proceeds from asset sales drove the increase in cash used in investing activities in 2008 compared to 2007. .\nQuestion: what is 1 times 1000?\n" }, { "role": "agent", "content": "1000.0" } ]
CONVFINQA1360	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe weighted average fair value of options granted during 2010 , 2009 and 2008 was estimated to be $ 7.84 , $ 7.18 and $ 3.84 , respectively , using the black-scholes option pricing model with the assumptions below: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>risk free interest rate</td><td>1.1% ( 1.1 % )</td><td>2.3% ( 2.3 % )</td><td>2.8% ( 2.8 % )</td></tr><tr><td>3</td><td>volatility</td><td>35.6% ( 35.6 % )</td><td>35.0% ( 35.0 % )</td><td>26.0% ( 26.0 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>0.7% ( 0.7 % )</td><td>1.0% ( 1.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>5</td><td>weighted average expected life ( years )</td><td>4.4</td><td>5.0</td><td>5.3</td></tr></table> at december 31 , 2010 and 2009 , the total unrecognized compensation cost related to non-vested stock awards is $ 129.3 million and $ 93.5 million , respectively , which is expected to be recognized in pre-tax income over a weighted average period of 1.7 years as of both year ends . the company granted a total of 1.5 million restricted stock awards at prices ranging from $ 25.76 to $ 28.15 on various dates in 2010 . these awards vest annually over three years . the company also granted 0.9 million performance restricted stock units during 2010 . these performance restricted stock units have been granted at the maximum achievable level and the number of shares that can vest is based on specific revenue and ebitda goals for periods from 2010 through 2012 . during 2009 , we granted 0.5 million shares of restricted stock at a price of $ 22.55 that vest annually over 3 years . on october 1 , 2009 , the company granted 0.4 million restricted stock units at a price of $ 24.85 per share that vested over six months . on march 20 , 2008 , we granted 0.4 million shares of restricted stock at a price of $ 38.75 that were to vest quarterly over 2 years . on july 2 , 2008 , 0.2 million of these shares were canceled and assumed by lps . the remaining unvested restricted shares were converted by the conversion factor of 1.7952 . these awards vested as of october 1 , 2009 , under the change in control provisions due to the metavante acquisition . on october 27 , 2008 , we granted 0.8 million shares of restricted stock at a price of $ 14.35 that vest annually over 3 years . as of december 31 , 2010 and 2009 , we have approximately 2.2 million and 1.4 million unvested restricted shares remaining . as of december 31 , 2010 we also have 0.6 million of restricted stock units that have not vested . share repurchase plans on october 25 , 2006 , our board of directors approved a plan authorizing repurchases of up to $ 200.0 million worth of our common stock ( the 201cold plan 201d ) . on april 17 , 2008 , our board of directors approved a plan authorizing repurchases of up to an additional $ 250.0 million worth of our common stock ( the 201cnew plan 201d ) . under the new plan we repurchased 5.8 million shares of our stock for $ 226.2 million , at an average price of $ 38.97 for the year ended december 31 , 2008 . during the year ended december 31 , 2008 , we also repurchased an additional 0.2 million shares of our stock for $ 10.0 million at an average price of $ 40.56 under the old plan . during 2007 , the company repurchased 1.6 million shares at an average price of $ 49.15 under the old plan . on february 4 , 2010 our board of directors approved a plan authorizing repurchases of up to 15.0 million shares of our common stock in the open market , at prevailing market prices or in privately negotiated transactions , through january 31 , 2013 . we repurchased 1.4 million shares of our common stock for $ 32.2 million , at an average price of $ 22.97 through march 31 , 2010 . no additional shares were repurchased under this plan during the year ended december 31 , 2010 . approximately 13.6 million shares of our common stock remain available to repurchase under this plan as of december 31 , 2010 . on may 25 , 2010 , our board of directors authorized a leveraged recapitalization plan to repurchase up to $ 2.5 billion of our common stock at a price range of $ 29.00 2014 $ 31.00 per share of common stock through a modified 201cdutch auction 201d tender offer ( the 201ctender offer 201d ) . the tender offer commenced on july 6 , 2010 and expired on august 3 , 2010 . the tender offer was oversubscribed at $ 29.00 , resulting in the purchase of 86.2 million shares , including 6.4 million shares underlying previously unexercised stock options . the repurchased shares were added to treasury stock . fidelity national information services , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg* transmitting job : g26369 pcn : 087000000 *%%pcmsg\|87 \|00008\|yes\|no\|03/28/2011 17:32\|0\|0\|page is valid , no graphics -- color : n\| .\nQuestion: what was the change in the fair value of the options from 2009 to 2010?\nAnswer: 0.66\nQuestion: and what is this change as a percentage of that fair value in 2009?\nAnswer: 0.09192\nQuestion: and in the last year of that period, for a stock price of $ 22.97, what would be the amount of the dividend per share?\n" }, { "role": "agent", "content": "0.16079" } ]
CONVFINQA6969	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>international</td></tr><tr><td>2</td><td>2019</td><td>$ 165.5</td><td>$ 52.8</td></tr><tr><td>3</td><td>2020</td><td>152.4</td><td>53.9</td></tr><tr><td>4</td><td>2021</td><td>157.0</td><td>55.6</td></tr><tr><td>5</td><td>2022</td><td>163.7</td><td>56.0</td></tr><tr><td>6</td><td>2023</td><td>167.9</td><td>60.6</td></tr><tr><td>7</td><td>2024-2028</td><td>900.2</td><td>336.8</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .\nQuestion: what is the ratio of projected payments in us in 2021 to 2020??\nAnswer: 1.03018\nQuestion: what about in percentage terms?\nAnswer: 0.03018\nQuestion: what is the ratio of projected payments in international market in 2021 to 2020??\n" }, { "role": "agent", "content": "1.03154" } ]
CONVFINQA1583	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy louisiana , llc management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2007 net revenue</td><td>$ 991.1</td></tr><tr><td>3</td><td>retail electric price</td><td>-17.1 ( 17.1 )</td></tr><tr><td>4</td><td>purchased power capacity</td><td>-12.0 ( 12.0 )</td></tr><tr><td>5</td><td>net wholesale revenue</td><td>-7.4 ( 7.4 )</td></tr><tr><td>6</td><td>other</td><td>4.6</td></tr><tr><td>7</td><td>2008 net revenue</td><td>$ 959.2</td></tr></table> the retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 . refer to \"hurricane rita and hurricane katrina\" and \"state and local rate regulation\" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing . the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 . purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges . see \"state and local rate regulation\" below for a discussion of the formula rate plan filing . the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales . gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage . the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. .\nQuestion: what was the net revenue in 2008?\nAnswer: 959.2\nQuestion: and what was it in 2007?\nAnswer: 991.1\nQuestion: what was, then, the change over the year?\nAnswer: -31.9\nQuestion: and what percentage of this change did the purchased power capacity represent?\nAnswer: 0.37618\nQuestion: and considering only the retail electric price and the purchased power capacity, what was that variation?\nAnswer: -29.1\nQuestion: including the net wholesale revenue, what becomes the total variation for these three segments?\nAnswer: -36.5\nQuestion: and including other, what then becomes this total variation for that period?\n" }, { "role": "agent", "content": "-31.9" } ]
CONVFINQA765	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n82 \| 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 . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>years ended december 31 , 2017</td><td>years ended december 31 , 2016</td></tr><tr><td>2</td><td>balance at january 1,</td><td>$ 1032</td><td>$ 968</td></tr><tr><td>3</td><td>additions for tax positions related to current year</td><td>270</td><td>73</td></tr><tr><td>4</td><td>additions for tax positions related to prior years</td><td>20</td><td>55</td></tr><tr><td>5</td><td>reductions for tax positions related to prior years</td><td>-27 ( 27 )</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>reductions for settlements2</td><td>-9 ( 9 )</td><td>-24 ( 24 )</td></tr><tr><td>7</td><td>reductions for expiration of statute of limitations</td><td>2014</td><td>-4 ( 4 )</td></tr><tr><td>8</td><td>balance at december 31,</td><td>$ 1286</td><td>$ 1032</td></tr><tr><td>9</td><td>amount that if recognized would impact the effective tax rate</td><td>$ 1209</td><td>$ 963</td></tr></table> 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. .\nQuestion: what was the provision for interest and penalties in 2017?\nAnswer: 38.0\nQuestion: what was it in 2016?\nAnswer: 34.0\nQuestion: what is the difference?\nAnswer: 4.0\nQuestion: what was the 2016 value?\n" }, { "role": "agent", "content": "34.0" } ]
CONVFINQA1424	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndetermined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system . as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 . of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation . the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 . this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards . the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates . net operating losses in canada have various carryforward periods and began expiring in 2007 . net operating losses in germany have no expiration date . net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 . however , these losses are not available for use under the new ietu tax regulations in mexico . as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards . the company adopted the provisions of fin 48 effective january 1 , 2007 . fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements . fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition . as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million . in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities . liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2007 ( in $ millions )</td></tr><tr><td>2</td><td>balance as of january 1 2007</td><td>193</td></tr><tr><td>3</td><td>increases in tax positions for the current year</td><td>2</td></tr><tr><td>4</td><td>increases in tax positions for prior years</td><td>28</td></tr><tr><td>5</td><td>decreases in tax positions of prior years</td><td>-21 ( 21 )</td></tr><tr><td>6</td><td>settlements</td><td>-2 ( 2 )</td></tr><tr><td>7</td><td>balance as of december 31 2007</td><td>200</td></tr></table> included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate . the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes . as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties . this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 . the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore . examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 . during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 . the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million . the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg* transmitting job : y48011 pcn : 122000000 *%%pcmsg\|f-49 \|00023\|yes\|no\|02/26/2008 22:07\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: what is the balance of unrecognized tax benefits at the end of 2007?\nAnswer: 200.0\nQuestion: what about at the beginning of 2007?\nAnswer: 193.0\nQuestion: what is the net change?\nAnswer: 7.0\nQuestion: what percentage change does this represent?\nAnswer: 0.03627\nQuestion: what amount of tax benefit would affect the effective tax rate if it is recognized?\n" }, { "role": "agent", "content": "56.0" } ]
CONVFINQA9350	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nand $ 19 million of these expenses in 2011 and 2010 , respectively , with the remaining expense unallocated . the company financed the acquisition with the proceeds from a $ 1.0 billion three-year term loan credit facility , $ 1.5 billion in unsecured notes , and the issuance of 61 million shares of aon common stock . in addition , as part of the consideration , certain outstanding hewitt stock options were converted into options to purchase 4.5 million shares of aon common stock . these items are detailed further in note 8 2018 2018debt 2019 2019 and note 11 2018 2018stockholders 2019 equity 2019 2019 . the transaction has been accounted for using the acquisition method of accounting which requires , among other things , that most assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date . the following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date ( in millions ) : amounts recorded as of the acquisition . <table class='wikitable'><tr><td>1</td><td>-</td><td>amountsrecorded as ofthe acquisitiondate</td></tr><tr><td>2</td><td>working capital ( 1 )</td><td>$ 348</td></tr><tr><td>3</td><td>property equipment and capitalized software</td><td>297</td></tr><tr><td>4</td><td>identifiable intangible assets:</td><td>-</td></tr><tr><td>5</td><td>customer relationships</td><td>1800</td></tr><tr><td>6</td><td>trademarks</td><td>890</td></tr><tr><td>7</td><td>technology</td><td>215</td></tr><tr><td>8</td><td>other noncurrent assets ( 2 )</td><td>344</td></tr><tr><td>9</td><td>long-term debt</td><td>346</td></tr><tr><td>10</td><td>other noncurrent liabilities ( 3 )</td><td>360</td></tr><tr><td>11</td><td>net deferred tax liability ( 4 )</td><td>1021</td></tr><tr><td>12</td><td>net assets acquired</td><td>2167</td></tr><tr><td>13</td><td>goodwill</td><td>2765</td></tr><tr><td>14</td><td>total consideration transferred</td><td>$ 4932</td></tr></table> ( 1 ) includes cash and cash equivalents , short-term investments , client receivables , other current assets , accounts payable and other current liabilities . ( 2 ) includes primarily deferred contract costs and long-term investments . ( 3 ) includes primarily unfavorable lease obligations and deferred contract revenues . ( 4 ) included in other current assets ( $ 31 million ) , deferred tax assets ( $ 30 million ) , other current liabilities ( $ 7 million ) and deferred tax liabilities ( $ 1.1 billion ) in the company 2019s consolidated statements of financial position . the acquired customer relationships are being amortized over a weighted average life of 12 years . the technology asset is being amortized over 7 years and trademarks have been determined to have indefinite useful lives . goodwill is calculated as the excess of the acquisition cost over the fair value of the net assets acquired and represents the synergies and other benefits that are expected to arise from combining the operations of hewitt with the operations of aon , and the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized . goodwill is not amortized and is not deductible for tax purposes . a single estimate of fair value results from a complex series of the company 2019s judgments about future events and uncertainties and relies heavily on estimates and assumptions . the company 2019s .\nQuestion: what was the value of customer relationships?\nAnswer: 1800.0\nQuestion: what was the value of trademarks?\nAnswer: 890.0\nQuestion: what is the sum value?\n" }, { "role": "agent", "content": "2690.0" } ]
CONVFINQA7918	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncustomary conditions . we will retain a 20% ( 20 % ) equity interest in the joint venture . as of december 31 , 2008 , the joint venture has acquired seven properties from us and we received year-to-date net sale proceeds and financing distributions of approximately $ 251.6 million . in january 2008 , we sold a tract of land to an unconsolidated joint venture in which we hold a 50% ( 50 % ) equity interest and received a distribution , commensurate to our partner 2019s 50% ( 50 % ) ownership interest , of approximately $ 38.3 million . in november 2008 , that unconsolidated joint venture entered a loan agreement with a consortium of banks and distributed a portion of the loan proceeds to us and our partner , with our share of the distribution totaling $ 20.4 million . uses of liquidity our principal uses of liquidity include the following : 2022 property investment ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; 2022 opportunistic repurchases of outstanding debt ; and 2022 other contractual obligations . property investment we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential . our ability to make future property investments is dependent upon our continued access to our longer-term sources of liquidity including the issuances of debt or equity securities as well as disposing of selected properties . in light of current economic conditions , management continues to evaluate our investment priorities and we are limiting new development expenditures . recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments . the following is a summary of our recurring capital expenditures for the years ended december 31 , 2008 , 2007 and 2006 , respectively ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>recurring tenant improvements</td><td>$ 36885</td><td>$ 45296</td><td>$ 41895</td></tr><tr><td>3</td><td>recurring leasing costs</td><td>28205</td><td>32238</td><td>32983</td></tr><tr><td>4</td><td>building improvements</td><td>9724</td><td>8402</td><td>8122</td></tr><tr><td>5</td><td>totals</td><td>$ 74814</td><td>$ 85936</td><td>$ 83000</td></tr></table> dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders . because depreciation is a non-cash expense , cash flow will typically be greater than operating income . we paid dividends per share of $ 1.93 , $ 1.91 and $ 1.89 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status . however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . in january 2009 , our board of directors resolved to decrease our annual dividend from $ 1.94 per share to $ 1.00 per share in order to retain additional cash to help meet our capital needs . we anticipate retaining additional cash of approximately $ 145.2 million per year , when compared to an annual dividend of $ 1.94 per share , as the result of this action . at december 31 , 2008 we had six series of preferred shares outstanding . the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 8.375% ( 8.375 % ) and are paid in arrears quarterly. .\nQuestion: what was the dividend paid per share in 2008?\n" }, { "role": "agent", "content": "1.93" } ]
CONVFINQA6850	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\na valuation allowance totaling $ 43.9 million , $ 40.4 million and $ 40.1 million as of 2012 , 2011 and 2010 year end , respectively , has been established for deferred income tax assets primarily related to certain subsidiary loss carryforwards that may not be realized . realization of the net deferred income tax assets is dependent on generating sufficient taxable income prior to their expiration . although realization is not assured , management believes it is more- likely-than-not that the net deferred income tax assets will be realized . the amount of the net deferred income tax assets considered realizable , however , could change in the near term if estimates of future taxable income during the carryforward period fluctuate . the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for 2012 , 2011 and ( amounts in millions ) 2012 2011 2010 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>unrecognized tax benefits at beginning of year</td><td>$ 11.0</td><td>$ 11.1</td><td>$ 17.5</td></tr><tr><td>3</td><td>gross increases 2013 tax positions in prior periods</td><td>0.7</td><td>0.5</td><td>0.6</td></tr><tr><td>4</td><td>gross decreases 2013 tax positions in prior periods</td><td>-4.9 ( 4.9 )</td><td>-0.4 ( 0.4 )</td><td>-0.4 ( 0.4 )</td></tr><tr><td>5</td><td>gross increases 2013 tax positions in the current period</td><td>1.2</td><td>2.8</td><td>3.1</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>2013</td><td>-1.2 ( 1.2 )</td><td>-9.5 ( 9.5 )</td></tr><tr><td>7</td><td>increase related to acquired business</td><td>2013</td><td>2013</td><td>0.4</td></tr><tr><td>8</td><td>lapsing of statutes of limitations</td><td>-1.2 ( 1.2 )</td><td>-1.8 ( 1.8 )</td><td>-0.6 ( 0.6 )</td></tr><tr><td>9</td><td>unrecognized tax benefits at end of year</td><td>$ 6.8</td><td>$ 11.0</td><td>$ 11.1</td></tr></table> of the $ 6.8 million , $ 11.0 million and $ 11.1 million of unrecognized tax benefits as of 2012 , 2011 and 2010 year end , respectively , approximately $ 4.1 million , $ 9.1 million and $ 11.1 million , respectively , would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during 2012 and 2011 , the company reversed a net $ 0.5 million and $ 1.4 million , respectively , of interest and penalties to income associated with unrecognized tax benefits . as of 2012 , 2011 and 2010 year end , the company has provided for $ 1.6 million , $ 1.6 million and $ 2.8 million , respectively , of accrued interest and penalties related to unrecognized tax benefits . the unrecognized tax benefits and related accrued interest and penalties are included in 201cother long-term liabilities 201d on the accompanying consolidated balance sheets . snap-on and its subsidiaries file income tax returns in the united states and in various state , local and foreign jurisdictions . it is reasonably possible that certain unrecognized tax benefits may either be settled with taxing authorities or the statutes of limitations for such items may lapse within the next 12 months , causing snap-on 2019s gross unrecognized tax benefits to decrease by a range of zero to $ 2.4 million . over the next 12 months , snap-on anticipates taking uncertain tax positions on various tax returns for which the related tax benefit does not meet the recognition threshold . accordingly , snap-on 2019s gross unrecognized tax benefits may increase by a range of zero to $ 1.6 million over the next 12 months for uncertain tax positions expected to be taken in future tax filings . with few exceptions , snap-on is no longer subject to u.s . federal and state/local income tax examinations by tax authorities for years prior to 2008 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2006 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 492.2 million , $ 416.4 million and $ 386.5 million as of 2012 , 2011 and 2010 year end , respectively . snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . 2012 annual report 83 .\nQuestion: what is the balance of unrecognized tax benefits at end of year 2012?\n" }, { "role": "agent", "content": "6.8" } ]
CONVFINQA3677	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nof exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price . the company issued new shares to satisfy exercised stock options . compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options . unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years . as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options . compensation expense for stock options was fully recognized as of december 31 , 2013 . 20 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2015 1st qtr</td><td>year ended december 31 2015 2nd qtr ( 1 )</td><td>year ended december 31 2015 3rd qtr</td><td>year ended december 31 2015 4th qtr ( 2 )</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 1570</td><td>$ 1745</td><td>$ 1800</td><td>$ 1905</td></tr><tr><td>3</td><td>operating income ( loss )</td><td>156</td><td>269</td><td>200</td><td>144</td></tr><tr><td>4</td><td>earnings ( loss ) before income taxes</td><td>133</td><td>244</td><td>175</td><td>80</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>87</td><td>156</td><td>111</td><td>50</td></tr><tr><td>6</td><td>dividends declared per share</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.50</td></tr><tr><td>7</td><td>basic earnings ( loss ) per share</td><td>$ 1.80</td><td>$ 3.22</td><td>$ 2.31</td><td>$ 1.07</td></tr><tr><td>8</td><td>diluted earnings ( loss ) per share</td><td>$ 1.79</td><td>$ 3.20</td><td>$ 2.29</td><td>$ 1.06</td></tr></table> ( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge . during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement . ( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .\nQuestion: what is the total net income for the first two quarters of 2015?\nAnswer: 243.0\nQuestion: and what is it for the first three quarters?\nAnswer: 354.0\nQuestion: what was the net income in the fourth quarter?\n" }, { "role": "agent", "content": "50.0" } ]
CONVFINQA10686	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart ii item 5 . market for registrant 2019s common equity and related stockholder matters market information our common stock has been traded on the new york stock exchange ( 2018 2018nyse 2019 2019 ) under the symbol 2018 2018exr 2019 2019 since our ipo on august 17 , 2004 . prior to that time there was no public market for our common stock . the following table sets forth , for the periods indicated , the high and low bid price for our common stock as reported by the nyse and the per share dividends declared : dividends high low declared . <table class='wikitable'><tr><td>1</td><td>-</td><td>high</td><td>low</td><td>dividends declared</td></tr><tr><td>2</td><td>period from august 17 2004 to september 30 2004</td><td>$ 14.38</td><td>$ 12.50</td><td>$ 0.1113</td></tr><tr><td>3</td><td>quarter ended december 31 2004</td><td>14.55</td><td>12.60</td><td>0.2275</td></tr><tr><td>4</td><td>quarter ended march 31 2005</td><td>14.30</td><td>12.55</td><td>0.2275</td></tr><tr><td>5</td><td>quarter ended june 30 2005</td><td>14.75</td><td>12.19</td><td>0.2275</td></tr><tr><td>6</td><td>quarter ended september 30 2005</td><td>16.71</td><td>14.32</td><td>0.2275</td></tr><tr><td>7</td><td>quarter ended december 31 2005</td><td>15.90</td><td>13.00</td><td>0.2275</td></tr></table> on february 28 , 2006 , the closing price of our common stock as reported by the nyse was $ 15.00 . at february 28 , 2006 , we had 166 holders of record of our common stock . holders of shares of common stock are entitled to receive distributions when declared by our board of directors out of any assets legally available for that purpose . as a reit , we are required to distribute at least 90% ( 90 % ) of our 2018 2018reit taxable income 2019 2019 is generally equivalent to our net taxable ordinary income , determined without regard to the deduction for dividends paid , to our stockholders annually in order to maintain our reit qualifications for u.s . federal income tax purposes . unregistered sales of equity securities and use of proceeds on june 20 , 2005 , we completed the sale of 6200000 shares of our common stock , $ .01 par value , for $ 83514 , which we reported in a current report on form 8-k filed with the securities and exchange commission on june 24 , 2005 . we used the proceeds for general corporate purposes , including debt repayment . the shares were issued pursuant to an exemption from registration under the securities act of 1933 , as amended. .\nQuestion: what was the dividends declared from 8/17/04 to 9/30/04?\n" }, { "role": "agent", "content": "0.2275" } ]
CONVFINQA6606	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy arkansas , inc . management's financial discussion and analysis results of operations net income 2004 compared to 2003 net income increased $ 16.2 million due to lower other operation and maintenance expenses , a lower effective income tax rate for 2004 compared to 2003 , and lower interest charges . the increase was partially offset by lower net revenue . 2003 compared to 2002 net income decreased $ 9.6 million due to lower net revenue , higher depreciation and amortization expenses , and a higher effective income tax rate for 2003 compared to 2002 . the decrease was substantially offset by lower other operation and maintenance expenses , higher other income , and lower interest charges . net revenue 2004 compared to 2003 net revenue , which is entergy arkansas' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2004 to 2003. . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in millions )</td></tr><tr><td>2</td><td>2003 net revenue</td><td>$ 998.7</td></tr><tr><td>3</td><td>deferred fuel cost revisions</td><td>-16.9 ( 16.9 )</td></tr><tr><td>4</td><td>other</td><td>-3.4 ( 3.4 )</td></tr><tr><td>5</td><td>2004 net revenue</td><td>$ 978.4</td></tr></table> deferred fuel cost revisions includes the difference between the estimated deferred fuel expense and the actual calculation of recoverable fuel expense , which occurs on an annual basis . deferred fuel cost revisions decreased net revenue due to a revised estimate of fuel costs filed for recovery at entergy arkansas in the march 2004 energy cost recovery rider , which reduced net revenue by $ 11.5 million . the remainder of the variance is due to the 2002 energy cost recovery true-up , made in the first quarter of 2003 , which increased net revenue in 2003 . gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 20.7 million in fuel cost recovery revenues due to an increase in the energy cost recovery rider effective april 2004 ( fuel cost recovery revenues are discussed in note 2 to the domestic utility companies and system energy financial statements ) ; 2022 an increase of $ 15.5 million in grand gulf revenues due to an increase in the grand gulf rider effective january 2004 ; 2022 an increase of $ 13.9 million in gross wholesale revenue primarily due to increased sales to affiliated systems ; 2022 an increase of $ 9.5 million due to volume/weather primarily resulting from increased usage during the unbilled sales period , partially offset by the effect of milder weather on billed sales in 2004. .\nQuestion: what was the net revenue in 2004 for entergy arkansas inc.?\n" }, { "role": "agent", "content": "978.4" } ]
CONVFINQA9884	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmarathon oil corporation notes to consolidated financial statements operating lease rental expense was : ( in millions ) 2008 2007 2006 minimum rental ( a ) $ 245 $ 209 $ 172 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>minimum rental ( a )</td><td>$ 245</td><td>$ 209</td><td>$ 172</td></tr><tr><td>3</td><td>contingent rental</td><td>22</td><td>33</td><td>28</td></tr><tr><td>4</td><td>sublease rentals</td><td>2013</td><td>2013</td><td>-7 ( 7 )</td></tr><tr><td>5</td><td>net rental expense</td><td>$ 267</td><td>$ 242</td><td>$ 193</td></tr></table> ( a ) excludes $ 5 million , $ 8 million and $ 9 million paid by united states steel in 2008 , 2007 and 2006 on assumed leases . 27 . contingencies and commitments we are the subject of , or party to , a number of pending or threatened legal actions , contingencies and commitments involving a variety of matters , including laws and regulations relating to the environment . certain of these matters are discussed below . the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements . however , management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably . environmental matters 2013 we are subject to federal , state , local and foreign laws and regulations relating to the environment . these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites . penalties may be imposed for noncompliance . at december 31 , 2008 and 2007 , accrued liabilities for remediation totaled $ 111 million and $ 108 million . it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed . receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets , were $ 60 and $ 66 million at december 31 , 2008 and 2007 . we are a defendant , along with other refining companies , in 20 cases arising in three states alleging damages for methyl tertiary-butyl ether ( 201cmtbe 201d ) contamination . we have also received seven toxic substances control act notice letters involving potential claims in two states . such notice letters are often followed by litigation . like the cases that were settled in 2008 , the remaining mtbe cases are consolidated in a multidistrict litigation in the southern district of new york for pretrial proceedings . nineteen of the remaining cases allege damages to water supply wells , similar to the damages claimed in the settled cases . in the other remaining case , the state of new jersey is seeking natural resources damages allegedly resulting from contamination of groundwater by mtbe . this is the only mtbe contamination case in which we are a defendant and natural resources damages are sought . we are vigorously defending these cases . we , along with a number of other defendants , have engaged in settlement discussions related to the majority of the cases in which we are a defendant . we do not expect our share of liability , if any , for the remaining cases to significantly impact our consolidated results of operations , financial position or cash flows . a lawsuit filed in the united states district court for the southern district of west virginia alleges that our catlettsburg , kentucky , refinery distributed contaminated gasoline to wholesalers and retailers for a period prior to august , 2003 , causing permanent damage to storage tanks , dispensers and related equipment , resulting in lost profits , business disruption and personal and real property damages . following the incident , we conducted remediation operations at affected facilities , and we deny that any permanent damages resulted from the incident . class action certification was granted in august 2007 . we have entered into a tentative settlement agreement in this case . notice of the proposed settlement has been sent to the class members . approval by the court after a fairness hearing is required before the settlement can be finalized . the fairness hearing is scheduled in the first quarter of 2009 . the proposed settlement will not significantly impact our consolidated results of operations , financial position or cash flows . guarantees 2013 we have provided certain guarantees , direct and indirect , of the indebtedness of other companies . under the terms of most of these guarantee arrangements , we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements . in addition to these financial guarantees , we also have various performance guarantees related to specific agreements. .\nQuestion: what is the net change in the minimum rental from 2006 to 2008?\nAnswer: 73.0\nQuestion: what is the amount of minimum rental in 2006?\n" }, { "role": "agent", "content": "172.0" } ]
CONVFINQA7362	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnote 9 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2009 are as follows ( in thousands ) : years ending december 31: . <table class='wikitable'><tr><td>1</td><td>2010</td><td>$ 55178</td></tr><tr><td>2</td><td>2011</td><td>45275</td></tr><tr><td>3</td><td>2012</td><td>36841</td></tr><tr><td>4</td><td>2013</td><td>30789</td></tr><tr><td>5</td><td>2014</td><td>22094</td></tr><tr><td>6</td><td>thereafter</td><td>59263</td></tr><tr><td>7</td><td>future minimum lease payments</td><td>$ 249440</td></tr></table> rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively . we guarantee the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million . litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s . infringed on ford design patents . the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 . pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent . we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell . the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income . we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business . we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows . note 10 . business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired . greenleaf is the entity through which ssi operated its late model automotive parts recycling business . we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .\nQuestion: what was the net change in value in the rental expense for operating leases from 2008 to 2009?\n" }, { "role": "agent", "content": "8.2" } ]
CONVFINQA6952	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nchanges in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( thous. )</td><td>weighted-averagegrant-date fair value</td></tr><tr><td>2</td><td>nonvested at january 1 2009</td><td>873</td><td>$ 50.70</td></tr><tr><td>3</td><td>granted</td><td>449</td><td>47.28</td></tr><tr><td>4</td><td>vested</td><td>-240 ( 240 )</td><td>43.23</td></tr><tr><td>5</td><td>forfeited</td><td>-22 ( 22 )</td><td>53.86</td></tr><tr><td>6</td><td>nonvested at december 31 2009</td><td>1060</td><td>$ 50.88</td></tr></table> at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .\nQuestion: as of december 31, 2009, what was the number of non-vested shares?\nAnswer: 1060000.0\nQuestion: and what was the remaining compensation expense for the unvested awards?\nAnswer: 22000000.0\nQuestion: how much, then, does this expense represent in relation to that number of shares?\nAnswer: 20.75472\nQuestion: and what was the weighted-average period over which that remaining expense was expected to be recognized?\nAnswer: 1.3\nQuestion: what was, then, the annual compensation expense for those unvested awards?\n" }, { "role": "agent", "content": "16923076.92308" } ]
CONVFINQA3182	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase of 1402 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage and the effect of more favorable weather . the increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers , partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges . the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . see note 2 to the financial statements for further discussion of the business combination and customer credits . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2014 net revenue</td><td>$ 2224</td></tr><tr><td>3</td><td>nuclear realized price changes</td><td>-310 ( 310 )</td></tr><tr><td>4</td><td>vermont yankee shutdown in december 2014</td><td>-305 ( 305 )</td></tr><tr><td>5</td><td>nuclear volume excluding vermont yankee effect</td><td>20</td></tr><tr><td>6</td><td>other</td><td>37</td></tr><tr><td>7</td><td>2015 net revenue</td><td>$ 1666</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2016 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 . the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. .\nQuestion: what was the tax benefit from the the stipulated settlement in the business combination granting customer credits in 2015?\nAnswer: 41.0\nQuestion: and what was the net revenue in that same year?\nAnswer: 2224.0\nQuestion: what was that net revenue in 2014?\nAnswer: 1666.0\nQuestion: what was, then, the decline over the year?\nAnswer: 558.0\nQuestion: which one is greater: that tax benefit from 2015 or this decline in net revenue?\nAnswer: no\nQuestion: what becomes that decline if counted as simply the change in net revenue from 2014 to 2015?\n" }, { "role": "agent", "content": "-558.0" } ]
CONVFINQA259	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations ( continued ) detail with respect to our investment portfolio as of december 31 , 2014 and 2013 is provided in note 3 to the consolidated financial statements included under item 8 of this form 10-k . loans and leases averaged $ 15.91 billion for the year ended 2014 , up from $ 13.78 billion in 2013 . the increase was mainly related to mutual fund lending and our continued investment in senior secured bank loans . mutual fund lending and senior secured bank loans averaged approximately $ 9.12 billion and $ 1.40 billion , respectively , for the year ended december 31 , 2014 compared to $ 8.16 billion and $ 170 million for the year ended december 31 , 2013 , respectively . average loans and leases also include short- duration advances . table 13 : u.s . and non-u.s . short-duration advances years ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>average u.s . short-duration advances</td><td>$ 2355</td><td>$ 2356</td><td>$ 1972</td></tr><tr><td>3</td><td>average non-u.s . short-duration advances</td><td>1512</td><td>1393</td><td>1393</td></tr><tr><td>4</td><td>average total short-duration advances</td><td>$ 3867</td><td>$ 3749</td><td>$ 3365</td></tr><tr><td>5</td><td>average short-durance advances to average loans and leases</td><td>24% ( 24 % )</td><td>27% ( 27 % )</td><td>29% ( 29 % )</td></tr></table> average u.s . short-duration advances $ 2355 $ 2356 $ 1972 average non-u.s . short-duration advances 1512 1393 1393 average total short-duration advances $ 3867 $ 3749 $ 3365 average short-durance advances to average loans and leases 24% ( 24 % ) 27% ( 27 % ) 29% ( 29 % ) the decline in proportion of the average daily short-duration advances to average loans and leases is primarily due to growth in the other segments of the loan and lease portfolio . short-duration advances provide liquidity to clients in support of their investment activities . although average short-duration advances for the year ended december 31 , 2014 increased compared to the year ended december 31 , 2013 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity . average other interest-earning assets increased to $ 15.94 billion for the year ended december 31 , 2014 from $ 11.16 billion for the year ended december 31 , 2013 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our enhanced custody business . aggregate average interest-bearing deposits increased to $ 130.30 billion for the year ended december 31 , 2014 from $ 109.25 billion for year ended 2013 . the higher levels were primarily the result of increases in both u.s . and non-u.s . transaction accounts and time deposits . future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s . and non-u.s . interest rates . average other short-term borrowings increased to $ 4.18 billion for the year ended december 31 , 2014 from $ 3.79 billion for the year ended 2013 . the increase was the result of a higher level of client demand for our commercial paper . the decline in rates paid from 1.6% ( 1.6 % ) in 2013 to 0.1% ( 0.1 % ) in 2014 resulted from a reclassification of certain derivative contracts that hedge our interest-rate risk on certain assets and liabilities , which reduced interest revenue and interest expense . average long-term debt increased to $ 9.31 billion for the year ended december 31 , 2014 from $ 8.42 billion for the year ended december 31 , 2013 . the increase primarily reflected the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , $ 1.0 billion of senior debt issued in november 2013 , and $ 1.0 billion of senior debt issued in december 2014 . this is partially offset by the maturities of $ 500 million of senior debt in may 2014 and $ 250 million of senior debt in march 2014 . average other interest-bearing liabilities increased to $ 7.35 billion for the year ended december 31 , 2014 from $ 6.46 billion for the year ended december 31 , 2013 , primarily the result of higher levels of cash collateral received from clients in connection with our enhanced custody business . several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s . and non-u.s . interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured . based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay-downs and maturities of investment securities in highly-rated securities , such as u.s . treasury and agency securities , municipal securities , federal agency mortgage-backed securities and u.s . and non-u.s . mortgage- and asset-backed securities . the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time . we expect these factors and the levels of global interest rates to influence what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .\nQuestion: what was the value of average short term advances in 2014?\nAnswer: 3867.0\nQuestion: what was the value of average short term advances in 2013?\n" }, { "role": "agent", "content": "3749.0" } ]
CONVFINQA695	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries management 2019s financial discussion and analysis net revenue utility following is an analysis of the change in net revenue comparing 2014 to 2013 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2013 net revenue</td><td>$ 5524</td></tr><tr><td>3</td><td>retail electric price</td><td>135</td></tr><tr><td>4</td><td>asset retirement obligation</td><td>56</td></tr><tr><td>5</td><td>volume/weather</td><td>36</td></tr><tr><td>6</td><td>miso deferral</td><td>16</td></tr><tr><td>7</td><td>net wholesale revenue</td><td>-29 ( 29 )</td></tr><tr><td>8</td><td>other</td><td>-3 ( 3 )</td></tr><tr><td>9</td><td>2014 net revenue</td><td>$ 5735</td></tr></table> the retail electric price variance is primarily due to : 2022 increases in the energy efficiency rider at entergy arkansas , as approved by the apsc , effective july 2013 and july 2014 . energy efficiency revenues are offset by costs included in other operation and maintenance expenses and have minimal effect on net income ; 2022 the effect of the apsc 2019s order in entergy arkansas 2019s 2013 rate case , including an annual base rate increase effective january 2014 offset by a miso rider to provide customers credits in rates for transmission revenue received through miso ; 2022 a formula rate plan increase at entergy mississippi , as approved by the mspc , effective september 2013 ; 2022 an increase in entergy mississippi 2019s storm damage rider , as approved by the mpsc , effective october 2013 . the increase in the storm damage rider is offset by other operation and maintenance expenses and has no effect on net income ; 2022 an annual base rate increase at entergy texas , effective april 2014 , as a result of the puct 2019s order in the september 2013 rate case ; and 2022 a formula rate plan increase at entergy louisiana , as approved by the lpsc , effective december 2014 . see note 2 to the financial statements for a discussion of rate proceedings . the asset retirement obligation affects net revenue because entergy records a regulatory debit or credit for the difference between asset retirement obligation-related expenses and trust earnings plus asset retirement obligation- related costs collected in revenue . the variance is primarily caused by increases in regulatory credits because of decreases in decommissioning trust earnings and increases in depreciation and accretion expenses and increases in regulatory credits to realign the asset retirement obligation regulatory assets with regulatory treatment . the volume/weather variance is primarily due to an increase of 3129 gwh , or 3% ( 3 % ) , in billed electricity usage primarily due to an increase in sales to industrial customers and the effect of more favorable weather on residential sales . the increase in industrial sales was primarily due to expansions , recovery of a major refining customer from an unplanned outage in 2013 , and continued moderate growth in the manufacturing sector . the miso deferral variance is primarily due to the deferral in 2014 of the non-fuel miso-related charges , as approved by the lpsc and the mpsc , partially offset by the deferral in april 2013 , as approved by the apsc , of costs incurred from march 2010 through december 2012 related to the transition and implementation of joining the miso .\nQuestion: what was the net revenue in 2014?\n" }, { "role": "agent", "content": "5735.0" } ]

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