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CONVFINQA4890
|
[
{
"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 , related stockholder matters and issuer purchases of equity securities market information our common stock is listed and traded on the new york stock exchange under the symbol 201cipg 201d . as of february 13 , 2019 , there were approximately 10000 registered holders of our outstanding common stock . on february 13 , 2019 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.235 per share , payable on march 15 , 2019 to holders of record as of the close of business on march 1 , 2019 . although it is the board 2019s current intention to declare and pay future dividends , there can be no assurance that such additional dividends will in fact be declared and paid . any and the amount of any such declaration is at the discretion of the board and will depend upon factors such as our earnings , financial position and cash requirements . equity compensation plans see item 12 for information about our equity compensation plans . transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2018 to december 31 , 2018 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 . <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>3824</td><td>$ 23.30</td><td>2014</td><td>$ 338421933</td></tr><tr><td>3</td><td>november 1 - 30</td><td>1750</td><td>$ 23.77</td><td>2014</td><td>$ 338421933</td></tr><tr><td>4</td><td>december 1 - 31</td><td>2014</td><td>2014</td><td>2014</td><td>$ 338421933</td></tr><tr><td>5</td><td>total</td><td>5574</td><td>$ 23.45</td><td>2014</td><td>-</td></tr></table> 1 the total number of shares of our common stock , par value $ 0.10 per share , repurchased were withheld under the terms of grants under employee stock- based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum in the applicable period of the aggregate value of the tax withholding obligations by the sum of the number of withheld shares . 3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) . in february 2018 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock , which was in addition to any amounts remaining under the 2017 share repurchase program . on july 2 , 2018 , in connection with the announcement of the acxiom acquisition , we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition , and no shares were repurchased pursuant to the share repurchase programs in the periods reflected . there are no expiration dates associated with the share repurchase programs. .\nQuestion: what was the value spent on the purchase of shares in october 2018?\nAnswer: 89099.2\nQuestion: and what was it in november 2018?\nAnswer: 41597.5\nQuestion: what was, then, the decline in that value over the month?\n"
},
{
"role": "agent",
"content": "47501.7"
}
] |
CONVFINQA6819
|
[
{
"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 the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years . the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2002 and assumes reinvestment of all dividends . comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/02 5/03 5/04 5/05 5/06 5/07 global payments inc . s&p 500 s&p information technology * $ 100 invested on 5/31/02 in stock or index-including reinvestment of dividends . fiscal year ending may 31 . global payments s&p 500 information technology . <table class='wikitable'><tr><td>1</td><td>-</td><td>global payments</td><td>s&p 500</td><td>s&p information technology</td></tr><tr><td>2</td><td>may 31 2002</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>may 31 2003</td><td>94.20</td><td>91.94</td><td>94.48</td></tr><tr><td>4</td><td>may 31 2004</td><td>129.77</td><td>108.79</td><td>115.24</td></tr><tr><td>5</td><td>may 31 2005</td><td>193.30</td><td>117.75</td><td>116.29</td></tr><tr><td>6</td><td>may 31 2006</td><td>260.35</td><td>127.92</td><td>117.14</td></tr><tr><td>7</td><td>may 31 2007</td><td>224.24</td><td>157.08</td><td>144.11</td></tr></table> issuer purchases of equity securities on april 5 , 2007 , our board of directors authorized repurchases of our common stock in an amount up to $ 100 million . the board has authorized us to purchase shares from time to time as market conditions permit . there is no expiration date with respect to this authorization . no amounts have been repurchased during the fiscal year ended may 31 , 2007. .\nQuestion: what was the balance of global payments in 2007?\nAnswer: 224.24\nQuestion: what is the 2007 value less 100?\nAnswer: 124.24\nQuestion: what is the 2007 value of the s&p index less 100?\nAnswer: 44.11\nQuestion: what is the difference in the change of values?\n"
},
{
"role": "agent",
"content": "80.13"
}
] |
CONVFINQA6126
|
[
{
"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\neog resources , inc . supplemental information to consolidated financial statements ( continued ) capitalized costs relating to oil and gas producing activities . the following table sets forth the capitalized costs relating to eog's crude oil and natural gas producing activities at december 31 , 2018 and 2017: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>proved properties</td><td>$ 53624809</td><td>$ 48845672</td></tr><tr><td>3</td><td>unproved properties</td><td>3705207</td><td>3710069</td></tr><tr><td>4</td><td>total</td><td>57330016</td><td>52555741</td></tr><tr><td>5</td><td>accumulated depreciation depletion and amortization</td><td>-31674085 ( 31674085 )</td><td>-29191247 ( 29191247 )</td></tr><tr><td>6</td><td>net capitalized costs</td><td>$ 25655931</td><td>$ 23364494</td></tr></table> costs incurred in oil and gas property acquisition , exploration and development activities . the acquisition , exploration and development costs disclosed in the following tables are in accordance with definitions in the extractive industries - oil and gas topic of the accounting standards codification ( asc ) . acquisition costs include costs incurred to purchase , lease or otherwise acquire property . exploration costs include additions to exploratory wells , including those in progress , and exploration expenses . development costs include additions to production facilities and equipment and additions to development wells , including those in progress. .\nQuestion: what were net capitalized costs in 2018?\n"
},
{
"role": "agent",
"content": "25655931.0"
}
] |
CONVFINQA6014
|
[
{
"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\ngoodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2012 , 2011 or 2010 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangible assets was as follows : weighted average useful life ( years ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>5</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>7</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>9</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .\nQuestion: for the customer contracts and relationships segment, what was the annual amortization rate?\n"
},
{
"role": "agent",
"content": "10.0"
}
] |
CONVFINQA9386
|
[
{
"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\nmastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) upon termination of employment , excluding retirement , all of a participant 2019s unvested awards are forfeited . however , when a participant terminates employment due to retirement , the participant generally retains all of their awards without providing additional service to the company . eligible retirement is dependent upon age and years of service , as follows : age 55 with ten years of service , age 60 with five years of service and age 65 with two years of service . compensation expense is recognized over the shorter of the vesting periods stated in the ltip , or the date the individual becomes eligible to retire . there are 11550 shares of class a common stock reserved for equity awards under the ltip . although the ltip permits the issuance of shares of class b common stock , no such shares have been reserved for issuance . shares issued as a result of option exercises and the conversions of rsus are expected to be funded with the issuance of new shares of class a common stock . stock options the fair value of each option is estimated on the date of grant using a black-scholes option pricing model . the following table presents the weighted-average assumptions used in the valuation and the resulting weighted- average fair value per option granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>risk-free rate of return</td><td>2.5% ( 2.5 % )</td><td>3.2% ( 3.2 % )</td><td>4.4% ( 4.4 % )</td></tr><tr><td>3</td><td>expected term ( in years )</td><td>6.17</td><td>6.25</td><td>6.25</td></tr><tr><td>4</td><td>expected volatility</td><td>41.7% ( 41.7 % )</td><td>37.9% ( 37.9 % )</td><td>30.9% ( 30.9 % )</td></tr><tr><td>5</td><td>expected dividend yield</td><td>0.4% ( 0.4 % )</td><td>0.3% ( 0.3 % )</td><td>0.6% ( 0.6 % )</td></tr><tr><td>6</td><td>weighted-average fair value per option granted</td><td>$ 71.03</td><td>$ 78.54</td><td>$ 41.03</td></tr></table> the risk-free rate of return was based on the u.s . treasury yield curve in effect on the date of grant . the company utilizes the simplified method for calculating the expected term of the option based on the vesting terms and the contractual life of the option . the expected volatility for options granted during 2009 was based on the average of the implied volatility of mastercard and a blend of the historical volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard . the expected volatility for options granted during 2008 was based on the average of the implied volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard . as the company did not have sufficient publicly traded stock data historically , the expected volatility for options granted during 2007 was primarily based on the average of the historical and implied volatility of a group of companies that management believed was generally comparable to mastercard . the expected dividend yields were based on the company 2019s expected annual dividend rate on the date of grant. .\nQuestion: what is the risk-free rate in 2009?\nAnswer: 2.5\nQuestion: what about in 2008?\nAnswer: 3.2\nQuestion: what is the net change?\n"
},
{
"role": "agent",
"content": "-0.7"
}
] |
CONVFINQA4572
|
[
{
"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 certain of aon 2019s european subsidiaries have a a650 million ( u.s . $ 942 million ) multi-currency revolving loan credit facility . this facility will mature in october 2010 , unless aon opts to extend the facility . commitment fees of 8.75 basis points are payable on the unused portion of the facility . at december 31 , 2007 , aon has borrowed a376 million and $ 250 million ( $ 795 million ) under this facility . at december 31 , 2006 , a307 million was borrowed . at december 31 , 2007 , $ 250 million of the euro facility is classified as short-term debt in the consolidated statements of financial position . aon has guaranteed the obligations of its subsidiaries with respect to this facility . aon maintains a $ 600 million , 5-year u.s . committed bank credit facility to support commercial paper and other short-term borrowings , which expires in february 2010 . this facility permits the issuance of up to $ 150 million in letters of credit . at december 31 , 2007 and 2006 , aon had $ 20 million in letters of credit outstanding . based on aon 2019s current credit ratings , commitment fees of 10 basis points are payable on the unused portion of the facility . for both the u.s . and euro facilities , aon is required to maintain consolidated net worth , as defined , of at least $ 2.5 billion , a ratio of consolidated ebitda ( earnings before interest , taxes , depreciation and amortization ) to consolidated interest expense of 4 to 1 and a ratio of consolidated debt to ebitda of not greater than 3 to 1 . aon also has other foreign facilities available , which include a a337.5 million ( $ 74 million ) facility , a a25 million ( $ 36 million ) facility , and a a20 million ( $ 29 million ) facility . outstanding debt securities , including aon capital a 2019s , are not redeemable by aon prior to maturity . there are no sinking fund provisions . interest is payable semi-annually on most debt securities . repayments of long-term debt are $ 548 million , $ 382 million and $ 225 million in 2010 , 2011 and 2012 , respectively . other information related to aon 2019s debt is as follows: . <table class='wikitable'><tr><td>1</td><td>years ended december 31</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>interest paid ( millions )</td><td>$ 147</td><td>$ 130</td><td>$ 130</td></tr><tr><td>3</td><td>weighted-average interest rates 2014 short-term borrowings</td><td>5.1% ( 5.1 % )</td><td>4.4% ( 4.4 % )</td><td>3.5% ( 3.5 % )</td></tr></table> lease commitments aon has noncancelable operating leases for certain office space , equipment and automobiles . these leases expire at various dates and may contain renewal and expansion options . in addition to base rental costs , occupancy lease agreements generally provide for rent escalations resulting from increased assessments for real estate taxes and other charges . approximately 81% ( 81 % ) of aon 2019s lease obligations are for the use of office space . rental expense for operating leases amounted to $ 368 million , $ 350 million and $ 337 million for 2007 , 2006 and 2005 , respectively , after deducting rentals from subleases ( $ 40 million , $ 33 million and $ 29 million for 2007 , 2006 and 2005 , respectively ) . aon corporation .\nQuestion: what amount of the letter of credit remains available as of december 31 , 2007?\n"
},
{
"role": "agent",
"content": "130.0"
}
] |
CONVFINQA9342
|
[
{
"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 mississippi , inc . management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 12.4 million primarily due to higher other operation and maintenance expenses , lower other income , and higher depreciation and amortization expenses , partially offset by higher net revenue . 2007 compared to 2006 net income increased $ 19.8 million primarily due to higher net revenue , lower other operation and maintenance expenses , higher other income , and lower interest expense , partially offset by higher depreciation and amortization expenses . 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>$ 486.9</td></tr><tr><td>3</td><td>attala costs</td><td>9.9</td></tr><tr><td>4</td><td>rider revenue</td><td>6.0</td></tr><tr><td>5</td><td>base revenue</td><td>5.1</td></tr><tr><td>6</td><td>reserve equalization</td><td>-2.4 ( 2.4 )</td></tr><tr><td>7</td><td>net wholesale revenue</td><td>-4.0 ( 4.0 )</td></tr><tr><td>8</td><td>other</td><td>-2.7 ( 2.7 )</td></tr><tr><td>9</td><td>2008 net revenue</td><td>$ 498.8</td></tr></table> the attala costs variance is primarily due to an increase in the attala power plant costs that are recovered through the power management rider . the net income effect of this recovery in limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes . the recovery of attala power plant costs is discussed further in \"liquidity and capital resources - uses of capital\" below . the rider revenue variance is the result of a storm damage rider that became effective in october 2007 . the establishment of this rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense for the storm reserve with no effect on net income . the base revenue variance is primarily due to a formula rate plan increase effective july 2007 . the formula rate plan filing is discussed further in \"state and local rate regulation\" below . the reserve equalization variance is primarily due to changes in the entergy system generation mix compared to the same period in 2007. .\nQuestion: what were net revenues in 2008?\nAnswer: 498.8\nQuestion: what was net revenues in 2007?\n"
},
{
"role": "agent",
"content": "486.9"
}
] |
CONVFINQA206
|
[
{
"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\nbusiness subsequent to the acquisition . the liabilities for these payments are classified as level 3 liabilities because the related fair value measurement , which is determined using an income approach , includes significant inputs not observable in the market . financial assets and liabilities not measured at fair value our debt is reflected on the consolidated balance sheets at cost . based on market conditions as of december 31 , 2018 and 2017 , the fair value of our credit agreement borrowings reasonably approximated the carrying values of $ 1.7 billion and $ 2.0 billion , respectively . in addition , based on market conditions , the fair values of the outstanding borrowings under the receivables facility reasonably approximated the carrying values of $ 110 million and $ 100 million at december 31 , 2018 and december 31 , 2017 , respectively . as of december 31 , 2018 and december 31 , 2017 , the fair values of the u.s . notes ( 2023 ) were approximately $ 574 million and $ 615 million , respectively , compared to a carrying value of $ 600 million at each date . as of december 31 , 2018 and december 31 , 2017 , the fair values of the euro notes ( 2024 ) were approximately $ 586 million and $ 658 million compared to carrying values of $ 573 million and $ 600 million , respectively . as of december 31 , 2018 , the fair value of the euro notes ( 2026/28 ) approximated the carrying value of $ 1.1 billion . the fair value measurements of the borrowings under our credit agreement and receivables facility are classified as level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market , including interest rates on recent financing transactions with similar terms and maturities . we estimated the fair value by calculating the upfront cash payment a market participant would require at december 31 , 2018 to assume these obligations . the fair value of our u.s . notes ( 2023 ) is classified as level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market . the fair values of our euro notes ( 2024 ) and euro notes ( 2026/28 ) are determined based upon observable market inputs including quoted market prices in markets that are not active , and therefore are classified as level 2 within the fair value hierarchy . note 13 . 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 , 2018 are as follows ( in thousands ) : years ending december 31: . <table class='wikitable'><tr><td>1</td><td>2019</td><td>$ 294269</td></tr><tr><td>2</td><td>2020</td><td>256172</td></tr><tr><td>3</td><td>2021</td><td>210632</td></tr><tr><td>4</td><td>2022</td><td>158763</td></tr><tr><td>5</td><td>2023</td><td>131518</td></tr><tr><td>6</td><td>thereafter</td><td>777165</td></tr><tr><td>7</td><td>future minimum lease payments</td><td>$ 1828519</td></tr></table> rental expense for operating leases was approximately $ 300 million , $ 247 million , and $ 212 million during the years ended december 31 , 2018 , 2017 and 2016 , 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 , 2018 , our portion of the guaranteed residual value would have totaled approximately $ 76 million . we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value . litigation and related contingencies we have certain 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. .\nQuestion: what was the rental expense in 2018 less that in 2017?\n"
},
{
"role": "agent",
"content": "53.0"
}
] |
CONVFINQA9031
|
[
{
"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 ) operations , net , in the accompanying consolidated statements of operations for the year ended december 31 , 2003 . ( see note 9. ) other transactions 2014in august 2003 , the company consummated the sale of galaxy engineering ( galaxy ) , a radio frequency engineering , network design and tower-related consulting business ( previously included in the company 2019s network development services segment ) . the purchase price of approximately $ 3.5 million included $ 2.0 million in cash , which the company received at closing , and an additional $ 1.5 million payable on january 15 , 2008 , or at an earlier date based on the future revenues of galaxy . the company received $ 0.5 million of this amount in january 2005 . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 2.4 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in may 2003 , the company consummated the sale of an office building in westwood , massachusetts ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for a purchase price of approximately $ 18.5 million , including $ 2.4 million of cash proceeds and the buyer 2019s assumption of $ 16.1 million of related mortgage notes . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 3.6 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in january 2003 , the company consummated the sale of flash technologies , its remaining components business ( previously included in the company 2019s network development services segment ) for approximately $ 35.5 million in cash and has recorded a net gain on disposal of approximately $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in march 2003 , the company consummated the sale of an office building in schaumburg , illinois ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for net proceeds of approximately $ 10.3 million in cash and recorded a net loss on disposal of $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . 4 . property and equipment property and equipment ( including assets held under capital leases ) consist of the following as of december 31 , ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>towers</td><td>$ 4134155</td><td>$ 2788162</td></tr><tr><td>3</td><td>equipment</td><td>167504</td><td>115244</td></tr><tr><td>4</td><td>buildings and improvements</td><td>184951</td><td>162120</td></tr><tr><td>5</td><td>land and improvements</td><td>215974</td><td>176937</td></tr><tr><td>6</td><td>construction-in-progress</td><td>36991</td><td>27866</td></tr><tr><td>7</td><td>total</td><td>4739575</td><td>3270329</td></tr><tr><td>8</td><td>less accumulated depreciation and amortization</td><td>-1279049 ( 1279049 )</td><td>-996973 ( 996973 )</td></tr><tr><td>9</td><td>property and equipment net</td><td>$ 3460526</td><td>$ 2273356</td></tr></table> 5 . goodwill and other intangible assets the company 2019s net carrying amount of goodwill was approximately $ 2.1 billion as of december 312005 and $ 592.7 million as of december 31 , 2004 , all of which related to its rental and management segment . the increase in the carrying value was as a result of the goodwill of $ 1.5 billion acquired in the merger with spectrasite , inc . ( see note 2. ) .\nQuestion: what was the amount of property and equipment net in 2005?\nAnswer: 3460526.0\nQuestion: and what was it in 2004?\n"
},
{
"role": "agent",
"content": "2273356.0"
}
] |
CONVFINQA483
|
[
{
"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\ndecember 18 , 2007 , we issued an additional 23182197 shares of common stock to citadel . the issuances were exempt from registration pursuant to section 4 ( 2 ) of the securities act of 1933 , and each purchaser has represented to us that it is an 201caccredited investor 201d as defined in regulation d promulgated under the securities act of 1933 , and that the common stock was being acquired for investment . we did not engage in a general solicitation or advertising with regard to the issuances of the common stock and have not offered securities to the public in connection with the issuances . see item 1 . business 2014citadel investment . performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor 2019s ( 201cs&p 201d ) 500 and the s&p super cap diversified financials during the period from december 31 , 2002 through december 31 , 2007. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/02</td><td>12/03</td><td>12/04</td><td>12/05</td><td>12/06</td><td>12/07</td></tr><tr><td>2</td><td>e*trade financial corporation</td><td>100.00</td><td>260.29</td><td>307.61</td><td>429.22</td><td>461.32</td><td>73.05</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>128.68</td><td>142.69</td><td>149.70</td><td>173.34</td><td>182.87</td></tr><tr><td>4</td><td>s&p super cap diversified financials</td><td>100.00</td><td>139.29</td><td>156.28</td><td>170.89</td><td>211.13</td><td>176.62</td></tr></table> 2022 $ 100 invested on 12/31/02 in stock or index-including reinvestment of dividends . fiscal year ending december 31 . 2022 copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm .\nQuestion: what was the value of e*trade financial corp as of 12/07?\nAnswer: 73.05\nQuestion: what is the value less a $100 initial investment?\nAnswer: -26.95\nQuestion: what is the percent change?\nAnswer: -0.2695\nQuestion: what is the value of s&p super cap diversified financials as of 12/07 less 100?\nAnswer: 76.62\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "0.7662"
}
] |
CONVFINQA9310
|
[
{
"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\nbhge 2018 form 10-k | 85 it is expected that the amount of unrecognized tax benefits will change in the next twelve months due to expiring statutes , audit activity , tax payments , and competent authority proceedings related to transfer pricing or final decisions in matters that are the subject of litigation in various taxing jurisdictions in which we operate . at december 31 , 2018 , we had approximately $ 96 million of tax liabilities , net of $ 1 million of tax assets , related to uncertain tax positions , each of which are individually insignificant , and each of which are reasonably possible of being settled within the next twelve months . we conduct business in more than 120 countries and are subject to income taxes in most taxing jurisdictions in which we operate . all internal revenue service examinations have been completed and closed through year end 2015 for the most significant u.s . returns . we believe there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations , financial position or cash flows . we further believe that we have made adequate provision for all income tax uncertainties . note 13 . stock-based compensation in july 2017 , we adopted the bhge 2017 long-term incentive plan ( lti plan ) under which we may grant stock options and other equity-based awards to employees and non-employee directors providing services to the company and our subsidiaries . a total of up to 57.4 million shares of class a common stock are authorized for issuance pursuant to awards granted under the lti plan over its term which expires on the date of the annual meeting of the company in 2027 . a total of 46.2 million shares of class a common stock are available for issuance as of december 31 , 2018 . stock-based compensation cost was $ 121 million and $ 37 million in 2018 and 2017 , respectively . stock-based compensation cost is measured at the date of grant based on the calculated fair value of the award and is generally recognized on a straight-line basis over the vesting period of the equity grant . the compensation cost is determined based on awards ultimately expected to vest ; therefore , we have reduced the cost for estimated forfeitures based on historical forfeiture rates . forfeitures are estimated at the time of grant and revised , if necessary , in subsequent periods to reflect actual forfeitures . there were no stock-based compensation costs capitalized as the amounts were not material . stock options we may grant stock options to our officers , directors and key employees . stock options generally vest in equal amounts over a three-year vesting period provided that the employee has remained continuously employed by the company through such vesting date . the fair value of each stock option granted is estimated using the black- scholes option pricing model . the following table presents the weighted average assumptions used in the option pricing model for options granted under the lti plan . the expected life of the options represents the period of time the options are expected to be outstanding . the expected life is based on a simple average of the vesting term and original contractual term of the awards . the expected volatility is based on the historical volatility of our five main competitors over a six year period . the risk-free interest rate is based on the observed u.s . treasury yield curve in effect at the time the options were granted . the dividend yield is based on a five year history of dividend payouts in baker hughes. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>expected life ( years )</td><td>6</td><td>6</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>2.5% ( 2.5 % )</td><td>2.1% ( 2.1 % )</td></tr><tr><td>4</td><td>volatility</td><td>33.7% ( 33.7 % )</td><td>36.4% ( 36.4 % )</td></tr><tr><td>5</td><td>dividend yield</td><td>2% ( 2 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>weighted average fair value per share at grant date</td><td>$ 10.34</td><td>$ 12.32</td></tr></table> baker hughes , a ge company notes to consolidated and combined financial statements .\nQuestion: what is the total number of shares authorized for sales less those available for sale?\nAnswer: 11.2\nQuestion: how many shares are available for sale?\n"
},
{
"role": "agent",
"content": "57.4"
}
] |
CONVFINQA8881
|
[
{
"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\non a regular basis our special asset committee closely monitors loans , primarily commercial loans , that are not included in the nonperforming or accruing past due categories and for which we are uncertain about the borrower 2019s ability to comply with existing repayment terms . these loans totaled $ .2 billion at both december 31 , 2014 and december 31 , 2013 . home equity loan portfolio our home equity loan portfolio totaled $ 34.7 billion as of december 31 , 2014 , or 17% ( 17 % ) of the total loan portfolio . of that total , $ 20.4 billion , or 59% ( 59 % ) , was outstanding under primarily variable-rate home equity lines of credit and $ 14.3 billion , or 41% ( 41 % ) , consisted of closed-end home equity installment loans . approximately 3% ( 3 % ) of the home equity portfolio was on nonperforming status as of december 31 , 2014 . as of december 31 , 2014 , we are in an originated first lien position for approximately 51% ( 51 % ) of the total portfolio and , where originated as a second lien , we currently hold or service the first lien position for approximately an additional 2% ( 2 % ) of the portfolio . the remaining 47% ( 47 % ) of the portfolio was secured by second liens where we do not hold the first lien position . the credit performance of the majority of the home equity portfolio where we are in , hold or service the first lien position , is superior to the portion of the portfolio where we hold the second lien position but do not hold the first lien . lien position information is generally based upon original ltv at the time of origination . however , after origination pnc is not typically notified when a senior lien position that is not held by pnc is satisfied . therefore , information about the current lien status of junior lien loans is less readily available in cases where pnc does not also hold the senior lien . additionally , pnc is not typically notified when a junior lien position is added after origination of a pnc first lien . this updated information for both junior and senior liens must be obtained from external sources , and therefore , pnc has contracted with an industry-leading third-party service provider to obtain updated loan , lien and collateral data that is aggregated from public and private sources . we track borrower performance monthly , including obtaining original ltvs , updated fico scores at least quarterly , updated ltvs semi-annually , and other credit metrics at least quarterly , including the historical performance of any mortgage loans regardless of lien position that we do or do not hold . this information is used for internal reporting and risk management . for internal reporting and risk management we also segment the population into pools based on product type ( e.g. , home equity loans , brokered home equity loans , home equity lines of credit , brokered home equity lines of credit ) . as part of our overall risk analysis and monitoring , we segment the home equity portfolio based upon the delinquency , modification status and bankruptcy status of these loans , as well as the delinquency , modification status and bankruptcy status of any mortgage loan with the same borrower ( regardless of whether it is a first lien senior to our second lien ) . in establishing our alll for non-impaired loans , we primarily utilize a delinquency roll-rate methodology for pools of loans . in accordance with accounting principles , under this methodology , we establish our allowance based upon incurred losses , not lifetime expected losses . the roll-rate methodology estimates transition/roll of loan balances from one delinquency state ( e.g. , 30-59 days past due ) to another delinquency state ( e.g. , 60-89 days past due ) and ultimately to charge-off . the roll through to charge-off is based on pnc 2019s actual loss experience for each type of pool . each of our home equity pools contains both first and second liens . our experience has been that the ratio of first to second lien loans has been consistent over time and the charge-off amounts for the pools , used to establish our allowance , include losses on both first and second liens loans . generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20-year amortization term . during the draw period , we have home equity lines of credit where borrowers pay either interest or principal and interest . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . the risk associated with the borrower 2019s ability to satisfy the loan terms upon the draw period ending is considered in establishing our alll . based upon outstanding balances at december 31 , 2014 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . table 36 : home equity lines of credit 2013 draw period end in millions interest only product principal and interest product . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>interest onlyproduct</td><td>principal andinterest product</td></tr><tr><td>2</td><td>2015</td><td>$ 1597</td><td>$ 541</td></tr><tr><td>3</td><td>2016</td><td>1366</td><td>437</td></tr><tr><td>4</td><td>2017</td><td>2434</td><td>596</td></tr><tr><td>5</td><td>2018</td><td>1072</td><td>813</td></tr><tr><td>6</td><td>2019 and thereafter</td><td>3880</td><td>5391</td></tr><tr><td>7</td><td>total ( a ) ( b )</td><td>$ 10349</td><td>$ 7778</td></tr></table> ( a ) includes all home equity lines of credit that mature in 2015 or later , including those with borrowers where we have terminated borrowing privileges . ( b ) includes approximately $ 154 million , $ 48 million , $ 57 million , $ 42 million and $ 564 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively . 76 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: as of december 31, 2014 what was the value of the home equity loan portfolio, in billions?\nAnswer: 34.7\nQuestion: and what percentage did it represent in relation to the total loan portfolio?\nAnswer: 17.0\nQuestion: what amount, then, in hundreds of billions, was this total loan portfolio?\n"
},
{
"role": "agent",
"content": "2.04118"
}
] |
CONVFINQA677
|
[
{
"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?\nAnswer: 45.45\nQuestion: what was the fair value per share in 2013?\nAnswer: 40.13\nQuestion: what was the change in value?\nAnswer: 5.32\nQuestion: what was the original value in 2013?\n"
},
{
"role": "agent",
"content": "40.13"
}
] |
CONVFINQA1139
|
[
{
"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 lump sum buyout cost of approximately $ 1.1 million . total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 893000 , $ 856000 and $ 823000 for the fiscal years ended march 31 , 2001 , 2002 and 2003 , respectively . during the fiscal year ended march 31 , 2000 , the company entered into 36-month operating leases totaling approximately $ 644000 for the lease of office furniture . these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased at its fair market value . rental expense recorded for these leases during the fiscal years ended march 31 , 2001 , 2002 and 2003 was approximately $ 215000 , $ 215000 and $ 127000 respectively . during fiscal 2000 , the company entered into a 36-month capital lease for computer equipment and software for approximately $ 221000 . this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased at the stipulated buyout price . future minimum lease payments under all non-cancelable operating leases as of march 31 , 2003 are approximately as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>year ending march 31,</td><td>operating leases</td></tr><tr><td>2</td><td>2004</td><td>$ 781</td></tr><tr><td>3</td><td>2005</td><td>776</td></tr><tr><td>4</td><td>2006</td><td>776</td></tr><tr><td>5</td><td>2007</td><td>769</td></tr><tr><td>6</td><td>2008</td><td>772</td></tr><tr><td>7</td><td>thereafter</td><td>1480</td></tr><tr><td>8</td><td>total future minimum lease payments</td><td>$ 5354</td></tr></table> from time to time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , will not have a material adverse effect on the company . 7 . stock option and purchase plans all stock options granted by the company under the below-described plans were granted at the fair value of the underlying common stock at the date of grant . outstanding stock options , if not exercised , expire 10 years from the date of grant . the 1992 combination stock option plan ( the combination plan ) , as amended , was adopted in september 1992 as a combination and restatement of the company 2019s then outstanding incentive stock option plan and nonqualified plan . a total of 2670859 options were awarded from the combination plan during its ten-year restatement term that ended on may 1 , 2002 . as of march 31 , 2003 , 1286042 of these options remain outstanding and eligible for future exercise . these options are held by company employees and generally become exercisable ratably over five years . the 1998 equity incentive plan , ( the equity incentive plan ) , was adopted by the company in august 1998 . the equity incentive plan provides for grants of options to key employees , directors , advisors and consultants as either incentive stock options or nonqualified stock options as determined by the company 2019s board of directors . a maximum of 1000000 shares of common stock may be awarded under this plan . options granted under the equity incentive plan are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant . options outstanding under the equity incentive plan have vesting periods of 3 to 5 years from the date of grant . the 2000 stock incentive plan , ( the 2000 plan ) , was adopted by the company in august 2000 . the 2000 plan provides for grants of options to key employees , directors , advisors and consultants to the company or its subsidiaries as either incentive or nonqualified stock options as determined by the company 2019s board of directors . up to 1400000 shares of common stock may be awarded under the 2000 plan and are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant . options outstanding under the 2000 plan generally vested 4 years from the date of grant . the company has a nonqualified stock option plan for non-employee directors ( the directors 2019 plan ) . the directors 2019 plan , as amended , was adopted in july 1989 and provides for grants of options to purchase shares of the company 2019s common stock to non-employee directors of the company . up to 400000 shares of common stock may be awarded under the directors 2019 plan . options outstanding under the directors 2019 plan have vesting periods of 1 to 5 years from the date of grant . notes to consolidated financial statements ( continued ) march 31 , 2003 page 25 .\nQuestion: what is the minimum future lease payments due in 2004?\n"
},
{
"role": "agent",
"content": "781.0"
}
] |
CONVFINQA3996
|
[
{
"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\ngeneral market conditions affecting trust asset performance , future discount rates based on average yields of high quality corporate bonds and our decisions regarding certain elective provisions of the we currently project that we will make total u.s . and foreign benefit plan contributions in 2014 of approximately $ 57 million . actual 2014 contributions could be different from our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities , future changes in government requirements , trust asset performance , renewals of union contracts , or higher-than-expected health care claims cost experience . we measure cash flow as net cash provided by operating activities reduced by expenditures for property additions . we use this non-gaap financial measure of cash flow to focus management and investors on the amount of cash available for debt repayment , dividend distributions , acquisition opportunities , and share repurchases . our cash flow metric is reconciled to the most comparable gaap measure , as follows: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 1807</td><td>$ 1758</td><td>$ 1595</td></tr><tr><td>3</td><td>additions to properties</td><td>-637 ( 637 )</td><td>-533 ( 533 )</td><td>-594 ( 594 )</td></tr><tr><td>4</td><td>cash flow</td><td>$ 1170</td><td>$ 1225</td><td>$ 1001</td></tr><tr><td>5</td><td>year-over-year change</td><td>( 4.5 ) % ( % )</td><td>22.4% ( 22.4 % )</td><td>-</td></tr></table> year-over-year change ( 4.5 ) % ( % ) 22.4% ( 22.4 % ) the decrease in cash flow ( as defined ) in 2013 compared to 2012 was due primarily to higher capital expenditures . the increase in cash flow in 2012 compared to 2011 was driven by improved performance in working capital resulting from the one-time benefit derived from the pringles acquisition , as well as changes in the level of capital expenditures during the three-year period . investing activities our net cash used in investing activities for 2013 amounted to $ 641 million , a decrease of $ 2604 million compared with 2012 primarily attributable to the $ 2668 million acquisition of pringles in 2012 . capital spending in 2013 included investments in our supply chain infrastructure , and to support capacity requirements in certain markets , including pringles . in addition , we continued the investment in our information technology infrastructure related to the reimplementation and upgrade of our sap platform . net cash used in investing activities of $ 3245 million in 2012 increased by $ 2658 million compared with 2011 , due to the acquisition of pringles in 2012 . cash paid for additions to properties as a percentage of net sales has increased to 4.3% ( 4.3 % ) in 2013 , from 3.8% ( 3.8 % ) in 2012 , which was a decrease from 4.5% ( 4.5 % ) in financing activities our net cash used by financing activities was $ 1141 million for 2013 , compared to net cash provided by financing activities of $ 1317 million for 2012 and net cash used in financing activities of $ 957 million for 2011 . the increase in cash provided from financing activities in 2012 compared to 2013 and 2011 , was primarily due to the issuance of debt related to the acquisition of pringles . total debt was $ 7.4 billion at year-end 2013 and $ 7.9 billion at year-end 2012 . in february 2013 , we issued $ 250 million of two-year floating-rate u.s . dollar notes , and $ 400 million of ten-year 2.75% ( 2.75 % ) u.s . dollar notes , resulting in aggregate net proceeds after debt discount of $ 645 million . the proceeds from these notes were used for general corporate purposes , including , together with cash on hand , repayment of the $ 750 million aggregate principal amount of our 4.25% ( 4.25 % ) u.s . dollar notes due march 2013 . in may 2012 , we issued $ 350 million of three-year 1.125% ( 1.125 % ) u.s . dollar notes , $ 400 million of five-year 1.75% ( 1.75 % ) u.s . dollar notes and $ 700 million of ten-year 3.125% ( 3.125 % ) u.s . dollar notes , resulting in aggregate net proceeds after debt discount of $ 1.442 billion . the proceeds of these notes were used for general corporate purposes , including financing a portion of the acquisition of pringles . in may 2012 , we issued cdn . $ 300 million of two-year 2.10% ( 2.10 % ) fixed rate canadian dollar notes , using the proceeds from these notes for general corporate purposes , which included repayment of intercompany debt . this repayment resulted in cash available to be used for a portion of the acquisition of pringles . in december 2012 , we repaid $ 750 million five-year 5.125% ( 5.125 % ) u.s . dollar notes at maturity with commercial paper . in april 2011 , we repaid $ 945 million ten-year 6.60% ( 6.60 % ) u.s . dollar notes at maturity with commercial paper . in may 2011 , we issued $ 400 million of seven-year 3.25% ( 3.25 % ) fixed rate u.s . dollar notes , using the proceeds of $ 397 million for general corporate purposes and repayment of commercial paper . in november 2011 , we issued $ 500 million of five-year 1.875% ( 1.875 % ) fixed rate u . s . dollar notes , using the proceeds of $ 498 million for general corporate purposes and repayment of commercial paper. .\nQuestion: what was the value of cash provided by operations in 2013?\nAnswer: 1807.0\nQuestion: what was the value in 2011?\nAnswer: 1595.0\nQuestion: what is the net change in value?\nAnswer: 212.0\nQuestion: what was the 2011 value?\nAnswer: 1595.0\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "0.13292"
}
] |
CONVFINQA2560
|
[
{
"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\nadvance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. . <table class='wikitable'><tr><td>1</td><td>allowance for doubtful accounts receivable:</td><td>balance atbeginningof period</td><td>charges toexpenses</td><td>deductions</td><td>-</td><td>balance atend ofperiod</td></tr><tr><td>2</td><td>january 3 2015</td><td>$ 13295</td><td>$ 17182</td><td>$ -14325 ( 14325 )</td><td>-1 ( 1 )</td><td>$ 16152</td></tr><tr><td>3</td><td>january 2 2016</td><td>16152</td><td>22067</td><td>-12461 ( 12461 )</td><td>-1 ( 1 )</td><td>25758</td></tr><tr><td>4</td><td>december 31 2016</td><td>25758</td><td>24597</td><td>-21191 ( 21191 )</td><td>-1 ( 1 )</td><td>29164</td></tr></table> advance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .\nQuestion: what was the balance for doubtful accounts receivables at the end of 2016?\nAnswer: 29164.0\nQuestion: what was the balance at the end of 2015?\nAnswer: 13295.0\nQuestion: what is the net change in value?\nAnswer: 15869.0\nQuestion: what was the 2015 value?\nAnswer: 13295.0\nQuestion: what is the net change divided by the 2015 value?\n"
},
{
"role": "agent",
"content": "1.19361"
}
] |
CONVFINQA6417
|
[
{
"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\nzimmer holdings , inc . 2013 form 10-k annual report notes to consolidated financial statements ( continued ) unrealized gains and losses on cash flow hedges , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions . treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of stockholders 2019 equity . we reissue common stock held in treasury only for limited purposes . noncontrolling interest 2013 in 2011 , we made an investment in a company in which we acquired a controlling financial interest , but not 100 percent of the equity . in 2013 , we purchased additional shares of the company from the minority shareholders . further information related to the noncontrolling interests of that investment has not been provided as it is not significant to our consolidated financial statements . accounting pronouncements 2013 effective january 1 , 2013 , we adopted the fasb 2019s accounting standard updates ( asus ) requiring reporting of amounts reclassified out of accumulated other comprehensive income ( oci ) and balance sheet offsetting between derivative assets and liabilities . these asus only change financial statement disclosure requirements and therefore do not impact our financial position , results of operations or cash flows . see note 12 for disclosures relating to oci . see note 13 for disclosures relating to balance sheet offsetting . there are no other recently issued accounting pronouncements that we have not yet adopted that are expected to have a material effect on our financial position , results of operations or cash flows . 3 . share-based compensation our share-based payments primarily consist of stock options , restricted stock , restricted stock units ( rsus ) , and an employee stock purchase plan . share-based compensation expense is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>for the years ended december 31,</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>stock options</td><td>$ 24.7</td><td>$ 32.4</td><td>$ 41.7</td></tr><tr><td>3</td><td>rsus and other</td><td>23.8</td><td>22.6</td><td>18.8</td></tr><tr><td>4</td><td>total expense pre-tax</td><td>48.5</td><td>55.0</td><td>60.5</td></tr><tr><td>5</td><td>tax benefit related to awards</td><td>-15.6 ( 15.6 )</td><td>-16.6 ( 16.6 )</td><td>-17.8 ( 17.8 )</td></tr><tr><td>6</td><td>total expense net of tax</td><td>$ 32.9</td><td>$ 38.4</td><td>$ 42.7</td></tr></table> share-based compensation cost capitalized as part of inventory for the years ended december 31 , 2013 , 2012 and 2011 was $ 4.1 million , $ 6.1 million , and $ 8.8 million , respectively . as of december 31 , 2013 and 2012 , approximately $ 2.4 million and $ 3.3 million of capitalized costs remained in finished goods inventory . stock options we had two equity compensation plans in effect at december 31 , 2013 : the 2009 stock incentive plan ( 2009 plan ) and the stock plan for non-employee directors . the 2009 plan succeeded the 2006 stock incentive plan ( 2006 plan ) and the teamshare stock option plan ( teamshare plan ) . no further awards have been granted under the 2006 plan or under the teamshare plan since may 2009 , and shares remaining available for grant under those plans have been merged into the 2009 plan . vested and unvested stock options and unvested restricted stock and rsus previously granted under the 2006 plan , the teamshare plan and another prior plan , the 2001 stock incentive plan , remained outstanding as of december 31 , 2013 . we have reserved the maximum number of shares of common stock available for award under the terms of each of these plans . we have registered 57.9 million shares of common stock under these plans . the 2009 plan provides for the grant of nonqualified stock options and incentive stock options , long-term performance awards in the form of performance shares or units , restricted stock , rsus and stock appreciation rights . the compensation and management development committee of the board of directors determines the grant date for annual grants under our equity compensation plans . the date for annual grants under the 2009 plan to our executive officers is expected to occur in the first quarter of each year following the earnings announcements for the previous quarter and full year . the stock plan for non-employee directors provides for awards of stock options , restricted stock and rsus to non-employee directors . it has been our practice to issue shares of common stock upon exercise of stock options from previously unissued shares , except in limited circumstances where they are issued from treasury stock . the total number of awards which may be granted in a given year and/or over the life of the plan under each of our equity compensation plans is limited . at december 31 , 2013 , an aggregate of 10.4 million shares were available for future grants and awards under these plans . stock options granted to date under our plans generally vest over four years and generally have a maximum contractual life of 10 years . as established under our equity compensation plans , vesting may accelerate upon retirement after the first anniversary date of the award if certain criteria are met . we recognize expense related to stock options on a straight-line basis over the requisite service period , less awards expected to be forfeited using estimated forfeiture rates . due to the accelerated retirement provisions , the requisite service period of our stock options range from one to four years . stock options are granted with an exercise price equal to the market price of our common stock on the date of grant , except in limited circumstances where local law may dictate otherwise. .\nQuestion: what was the change in the share-based compensation expense from 2011 to 2012?\nAnswer: -4.3\nQuestion: and what was this change as a percent of that expense in 2011?\nAnswer: -0.1007\nQuestion: and throughout the subsequent year of this period, what was that change?\n"
},
{
"role": "agent",
"content": "-5.5"
}
] |
CONVFINQA7638
|
[
{
"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\nfive-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2012 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2017 , we repurchased 37122405 shares of our common stock at an average price of $ 110.50 . the following table presents common stock repurchases during each month for the fourth quarter of 2017 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] . <table class='wikitable'><tr><td>1</td><td>period</td><td>total number of shares purchased [a]</td><td>average price paid per share</td><td>total number of shares purchased as part of a publicly announcedplan or program [b]</td><td>maximum number of shares remaining under the plan or program [b]</td></tr><tr><td>2</td><td>oct . 1 through oct . 31</td><td>3831636</td><td>$ 113.61</td><td>3800000</td><td>89078662</td></tr><tr><td>3</td><td>nov . 1 through nov . 30</td><td>3005225</td><td>117.07</td><td>2937410</td><td>86141252</td></tr><tr><td>4</td><td>dec . 1 through dec . 31</td><td>2718319</td><td>130.76</td><td>2494100</td><td>83647152</td></tr><tr><td>5</td><td>total</td><td>9555180</td><td>$ 119.58</td><td>9231510</td><td>n/a</td></tr></table> [a] total number of shares purchased during the quarter includes approximately 323670 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2017 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2020 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .\nQuestion: what portion of total number of shares purchased during the fourth quarter of 2007?\nAnswer: 0.401\nQuestion: what is the number of shares attested to upc by employees to pay stock option exercise prices during the last quarter of 2017?\nAnswer: 323670.0\nQuestion: wha about the total number of shares purchased during the fourth quarter of 2017?\nAnswer: 9555180.0\nQuestion: what portion does this represent?\n"
},
{
"role": "agent",
"content": "0.03387"
}
] |
CONVFINQA5433
|
[
{
"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\ncompared with $ 6.2 billion in 2013 . operating profits in 2015 were significantly higher than in both 2014 and 2013 . excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 . benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) . in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill . during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses . the net book value of these assets at december 31 , 2013 was approximately $ 470 million . in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets . we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 . operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business . printing papers . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>sales</td><td>$ 5031</td><td>$ 5720</td><td>$ 6205</td></tr><tr><td>3</td><td>operating profit ( loss )</td><td>533</td><td>-16 ( 16 )</td><td>271</td></tr></table> north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 . operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 . sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 . shipments to the domestic market increased , but export shipments declined . average sales price realizations decreased , primarily in the domestic market . input costs were lower , mainly for energy . planned maintenance downtime costs were $ 12 million higher in 2015 . operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill . entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 . average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix . input costs are expected to be stable . planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter . in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p . h . glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules . the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia . in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia . also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal . in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s . market had been injured by imports of the products . accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years . we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements . brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 . operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 . sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events . average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 . margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets . raw material costs increased for energy and wood . operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .\nQuestion: what was the total of north american printing papers net sales in 2015, in billions?\nAnswer: 1.9\nQuestion: and what is that in millions?\nAnswer: 1900.0\nQuestion: what percentage did this amount represent in relation to the total of printing papers net sales in that year?\nAnswer: 0.37766\nQuestion: and what was this percentage representation of the north american net sales in the previous year?\n"
},
{
"role": "agent",
"content": "0.36713"
}
] |
CONVFINQA9377
|
[
{
"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. <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>payments due by period ( in thousands ) total</td><td>payments due by period ( in thousands ) 2017</td><td>payments due by period ( in thousands ) 2018</td><td>payments due by period ( in thousands ) 2019</td><td>payments due by period ( in thousands ) 2020</td><td>payments due by period ( in thousands ) 2021</td><td>payments due by period ( in thousands ) thereafter</td></tr><tr><td>2</td><td>long-term debt ( 1 )</td><td>$ 3508789</td><td>$ 203244</td><td>$ 409257</td><td>$ 366456</td><td>$ 461309</td><td>$ 329339</td><td>$ 1739184</td></tr><tr><td>3</td><td>line of credit ( 2 )</td><td>56127</td><td>2650</td><td>2650</td><td>2650</td><td>48177</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>share of unconsolidated joint ventures' debt ( 3 )</td><td>91235</td><td>2444</td><td>28466</td><td>5737</td><td>11598</td><td>1236</td><td>41754</td></tr><tr><td>5</td><td>ground leases</td><td>311120</td><td>10745</td><td>5721</td><td>5758</td><td>5793</td><td>5822</td><td>277281</td></tr><tr><td>6</td><td>development and construction backlog costs ( 4 )</td><td>344700</td><td>331553</td><td>13147</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>other</td><td>43357</td><td>7502</td><td>7342</td><td>5801</td><td>4326</td><td>3906</td><td>14480</td></tr><tr><td>8</td><td>total contractual obligations</td><td>$ 4355328</td><td>$ 558138</td><td>$ 466583</td><td>$ 386402</td><td>$ 531203</td><td>$ 340303</td><td>$ 2072699</td></tr></table> ( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest . interest payments for variable rate debt were calculated using the interest rates as of december 31 , 2016 . repayment of our $ 250.0 million variable rate term note , which has a contractual maturity date in january 2019 , is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion . ( 2 ) our unsecured line of credit has a contractual maturity date in january 2019 , but is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion . interest payments for our unsecured line of credit were calculated using the most recent stated interest rate that was in effect.ff ( 3 ) our share of unconsolidated joint venture debt includes both principal and interest . interest expense for variable rate debt was calculated using the interest rate at december 31 , 2016 . ( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects . related party y transactionstt we provide property and asset management , leasing , construction and other tenant-related services to ww unconsolidated companies in which we have equity interests . for the years ended december 31 , 2016 , 2015 and 2014 we earned management fees of $ 4.5 million , $ 6.8 million and $ 8.5 million , leasing fees of $ 2.4 million , $ 3.0 million and $ 3.4 million and construction and development fees of $ 8.0 million , $ 6.1 million and $ 5.8 million , respectively , from these companies , prior to elimination of our ownership percentage . yy we recorded these fees based ww on contractual terms that approximate market rates for these types of services and have eliminated our ownership percentages of these fees in the consolidated financial statements . commitments and contingenciesg the partnership has guaranteed the repayment of $ 32.9 million of economic development bonds issued by various municipalities in connection with certain commercial developments . we will be required to make payments under ww our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond ff debt service . management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees . the partnership also has guaranteed the repayment of an unsecured loan of one of our unconsolidated subsidiaries . at december 31 , 2016 , the maximum guarantee exposure for this loan was approximately $ 52.1 million . we lease certain land positions with terms extending toww march 2114 , with a total future payment obligation of $ 311.1 million . the payments on these ground leases , which are classified as operating leases , are not material in any individual year . in addition to ground leases , we are party to other operating leases as part of conducting our business , including leases of office space from third parties , with a total future payment obligation of ff $ 43.4 million at december 31 , 2016 . no future payments on these leases are material in any individual year . we are subject to various legal proceedings and claims that arise in the ordinary course of business . in the opinion ww of management , the amount of any ultimate liability with respect to these actions is not expected to materially affect ff our consolidated financial statements or results of operations . we own certain parcels of land that are subject to special property tax assessments levied by quasi municipalww entities . to the extent that such special assessments are fixed and determinable , the discounted value of the fulltt .\nQuestion: what was the proportion of long-term debt to total contractual obligations in 2017?\nAnswer: 0.36415\nQuestion: and as a percentage?\n"
},
{
"role": "agent",
"content": "36.41465"
}
] |
CONVFINQA678
|
[
{
"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?\nAnswer: 45.45\nQuestion: what was the fair value per share in 2013?\nAnswer: 40.13\nQuestion: what was the change in value?\nAnswer: 5.32\nQuestion: what was the original value in 2013?\nAnswer: 40.13\nQuestion: what was the percent change?\n"
},
{
"role": "agent",
"content": "0.13257"
}
] |
CONVFINQA3702
|
[
{
"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 totaled an absolute notional equivalent of $ 292.3 million and $ 190.5 million , respectively , with the year-over-year increase primarily driven by earnings growth . at this time , we do not hedge these long-term investment exposures . we do not use foreign exchange contracts for speculative trading purposes , nor do we hedge our foreign currency exposure in a manner that entirely offsets the effects of changes in foreign exchange rates . we regularly review our hedging program and assess the need to utilize financial instruments to hedge currency exposures on an ongoing basis . cash flow hedging 2014hedges of forecasted foreign currency revenue we may use foreign exchange purchased options or forward contracts to hedge foreign currency revenue denominated in euros , british pounds and japanese yen . we hedge these cash flow exposures to reduce the risk that our earnings and cash flows will be adversely affected by changes in exchange rates . these foreign exchange contracts , carried at fair value , may have maturities between one and twelve months . we enter into these foreign exchange contracts to hedge forecasted revenue in the normal course of business and accordingly , they are not speculative in nature . we record changes in the intrinsic value of these cash flow hedges in accumulated other comprehensive income ( loss ) until the forecasted transaction occurs . when the forecasted transaction occurs , we reclassify the related gain or loss on the cash flow hedge to revenue . in the event the underlying forecasted transaction does not occur , or it becomes probable that it will not occur , we reclassify the gain or loss on the related cash flow hedge from accumulated other comprehensive income ( loss ) to interest and other income , net on our consolidated statements of income at that time . for the fiscal year ended november 30 , 2018 , there were no net gains or losses recognized in other income relating to hedges of forecasted transactions that did not occur . balance sheet hedging 2014hedging of foreign currency assets and liabilities we hedge exposures related to our net recognized foreign currency assets and liabilities with foreign exchange forward contracts to reduce the risk that our earnings and cash flows will be adversely affected by changes in foreign currency exchange rates . these foreign exchange contracts are carried at fair value with changes in the fair value recorded as interest and other income , net . these foreign exchange contracts do not subject us to material balance sheet risk due to exchange rate movements because gains and losses on these contracts are intended to offset gains and losses on the assets and liabilities being hedged . at november 30 , 2018 , the outstanding balance sheet hedging derivatives had maturities of 180 days or less . see note 5 of our notes to consolidated financial statements for information regarding our hedging activities . interest rate risk short-term investments and fixed income securities at november 30 , 2018 , we had debt securities classified as short-term investments of $ 1.59 billion . changes in interest rates could adversely affect the market value of these investments . the following table separates these investments , based on stated maturities , to show the approximate exposure to interest rates ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>due within one year</td><td>$ 612.1</td></tr><tr><td>2</td><td>due between one and two years</td><td>564.2</td></tr><tr><td>3</td><td>due between two and three years</td><td>282.2</td></tr><tr><td>4</td><td>due after three years</td><td>127.7</td></tr><tr><td>5</td><td>total</td><td>$ 1586.2</td></tr></table> a sensitivity analysis was performed on our investment portfolio as of november 30 , 2018 . the analysis is based on an estimate of the hypothetical changes in market value of the portfolio that would result from an immediate parallel shift in the yield curve of various magnitudes. .\nQuestion: what is the sum of the investments due within one and within one and two years?\nAnswer: 1176.3\nQuestion: what is the total due?\n"
},
{
"role": "agent",
"content": "1586.2"
}
] |
CONVFINQA7742
|
[
{
"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\ninstruments at fair value and to recognize the effective and ineffective portions of the cash flow hedges . ( 2 ) for the year ended december 31 , 2000 , earnings available to common stockholders includes reductions of $ 2371 of preferred stock dividends and $ 16266 for the redemption of pca 2019s 123 20448% ( 20448 % ) preferred stock . ( 3 ) on october 13 , 2003 , pca announced its intention to begin paying a quarterly cash dividend of $ 0.15 per share , or $ 0.60 per share annually , on its common stock . the first quarterly dividend of $ 0.15 per share was paid on january 15 , 2004 to shareholders of record as of december 15 , 2003 . pca did not declare any dividends on its common stock in 2000 - 2002 . ( 4 ) total long-term obligations include long-term debt , short-term debt and the current maturities of long-term debt . item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion of historical results of operations and financial condition should be read in conjunction with the audited financial statements and the notes thereto which appear elsewhere in this report . overview on april 12 , 1999 , pca acquired the containerboard and corrugated products business of pactiv corporation ( the 201cgroup 201d ) , formerly known as tenneco packaging inc. , a wholly owned subsidiary of tenneco , inc . the group operated prior to april 12 , 1999 as a division of pactiv , and not as a separate , stand-alone entity . from its formation in january 1999 and through the closing of the acquisition on april 12 , 1999 , pca did not have any significant operations . the april 12 , 1999 acquisition was accounted for using historical values for the contributed assets . purchase accounting was not applied because , under the applicable accounting guidance , a change of control was deemed not to have occurred as a result of the participating veto rights held by pactiv after the closing of the transactions under the terms of the stockholders agreement entered into in connection with the transactions . results of operations year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december , 31 2004 and 2003 are set forth the below : for the year ended december 31 , ( in millions ) 2004 2003 change . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2004</td><td>2003</td><td>change</td></tr><tr><td>2</td><td>net sales</td><td>$ 1890.1</td><td>$ 1735.5</td><td>$ 154.6</td></tr><tr><td>3</td><td>income before interest and taxes</td><td>$ 140.5</td><td>$ 96.9</td><td>$ 43.6</td></tr><tr><td>4</td><td>interest expense net</td><td>-29.6 ( 29.6 )</td><td>-121.8 ( 121.8 )</td><td>92.2</td></tr><tr><td>5</td><td>income ( loss ) before taxes</td><td>110.9</td><td>-24.9 ( 24.9 )</td><td>135.8</td></tr><tr><td>6</td><td>( provision ) benefit for income taxes</td><td>-42.2 ( 42.2 )</td><td>10.5</td><td>-52.7 ( 52.7 )</td></tr><tr><td>7</td><td>net income ( loss )</td><td>$ 68.7</td><td>$ -14.4 ( 14.4 )</td><td>$ 83.1</td></tr></table> .\nQuestion: in the year of 2004, which one was higher: the interest expense net or the ( provision ) benefit for income taxes?\nAnswer: yes\nQuestion: and concerning the income before interest and taxes, what was the variation between this year and the one before?\nAnswer: 43.6\nQuestion: what percentage does this variation represent in relation to that income in the year before?\n"
},
{
"role": "agent",
"content": "0.44995"
}
] |
CONVFINQA2715
|
[
{
"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 difference in interest expense between 2005 and 2006?\nAnswer: 18.0\nQuestion: and the specific value for 2005?\nAnswer: 116.4\nQuestion: so what was the difference as a percentage of the original value?\n"
},
{
"role": "agent",
"content": "0.15464"
}
] |
CONVFINQA431
|
[
{
"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?\n"
},
{
"role": "agent",
"content": "22.87"
}
] |
CONVFINQA117
|
[
{
"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\nrisks related to our common stock our stock price is extremely volatile . the trading price of our common stock has been extremely volatile and may continue to be volatile in the future . many factors could have an impact on our stock price , including fluctuations in our or our competitors 2019 operating results , clinical trial results or adverse events associated with our products , product development by us or our competitors , changes in laws , including healthcare , tax or intellectual property laws , intellectual property developments , changes in reimbursement or drug pricing , the existence or outcome of litigation or government proceedings , including the sec/doj investigation , failure to resolve , delays in resolving or other developments with respect to the issues raised in the warning letter , acquisitions or other strategic transactions , and the perceptions of our investors that we are not performing or meeting expectations . the trading price of the common stock of many biopharmaceutical companies , including ours , has experienced extreme price and volume fluctuations , which have at times been unrelated to the operating performance of the companies whose stocks were affected . anti-takeover provisions in our charter and bylaws and under delaware law could make a third-party acquisition of us difficult and may frustrate any attempt to remove or replace our current management . our corporate charter and by-law provisions may discourage certain types of transactions involving an actual or potential change of control that might be beneficial to us or our stockholders . our bylaws provide that special meetings of our stockholders may be called only by the chairman of the board , the president , the secretary , or a majority of the board of directors , or upon the written request of stockholders who together own of record 25% ( 25 % ) of the outstanding stock of all classes entitled to vote at such meeting . our bylaws also specify that the authorized number of directors may be changed only by resolution of the board of directors . our charter does not include a provision for cumulative voting for directors , which may have enabled a minority stockholder holding a sufficient percentage of a class of shares to elect one or more directors . under our charter , our board of directors has the authority , without further action by stockholders , to designate up to 5 shares of preferred stock in one or more series . the rights of the holders of common stock will be subject to , and may be adversely affected by , the rights of the holders of any class or series of preferred stock that may be issued in the future . because we are a delaware corporation , the anti-takeover provisions of delaware law could make it more difficult for a third party to acquire control of us , even if the change in control would be beneficial to stockholders . we are subject to the provisions of section 203 of the delaware general laws , which prohibits a person who owns in excess of 15% ( 15 % ) of our outstanding voting stock from merging or combining with us for a period of three years after the date of the transaction in which the person acquired in excess of 15% ( 15 % ) of our outstanding voting stock , unless the merger or combination is approved in a prescribed manner . item 1b . unresolved staff comments . item 2 . properties . we conduct our primary operations at the owned and leased facilities described below . location operations conducted approximate square feet expiration new haven , connecticut corporate headquarters and executive , sales , research and development offices 514000 2030 dublin , ireland global supply chain , distribution , and administration offices 160000 owned . <table class='wikitable'><tr><td>1</td><td>location</td><td>operations conducted</td><td>approximatesquare feet</td><td>leaseexpirationdates</td></tr><tr><td>2</td><td>new haven connecticut</td><td>corporate headquarters and executive sales research and development offices</td><td>514000</td><td>2030</td></tr><tr><td>3</td><td>dublin ireland</td><td>global supply chain distribution and administration offices</td><td>160000</td><td>owned</td></tr><tr><td>4</td><td>athlone ireland</td><td>commercial research and development manufacturing</td><td>80000</td><td>owned</td></tr><tr><td>5</td><td>lexington massachusetts</td><td>research and development offices</td><td>81000</td><td>2019</td></tr><tr><td>6</td><td>bogart georgia</td><td>commercial research and development manufacturing</td><td>70000</td><td>owned</td></tr><tr><td>7</td><td>smithfield rhode island</td><td>commercial research and development manufacturing</td><td>67000</td><td>owned</td></tr><tr><td>8</td><td>zurich switzerland</td><td>regional executive and sales offices</td><td>69000</td><td>2025</td></tr></table> we believe that our administrative office space is adequate to meet our needs for the foreseeable future . we also believe that our research and development facilities and our manufacturing facilities , together with third party manufacturing facilities , will be adequate for our on-going activities . in addition to the locations above , we also lease space in other u.s . locations and in foreign countries to support our operations as a global organization. .\nQuestion: what is the square feet of the owned global supply chain distribution and administration offices?\nAnswer: 160000.0\nQuestion: what is the square feet of the owned commercial research and development manufacturing?\nAnswer: 80000.0\nQuestion: what is the sum of those values?\nAnswer: 240000.0\nQuestion: what is the total sum including square feet of commercial research and development manufacturing in bogart, georgia?\nAnswer: 310000.0\nQuestion: what is the total sum including square feet of commercial research and development manufacturing in smithfield, rhode island?\n"
},
{
"role": "agent",
"content": "67000.0"
}
] |
CONVFINQA6871
|
[
{
"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\nvaluation of long-lived assets we estimate the useful lives of long-lived assets and make estimates concerning undiscounted cash flows to review for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset ( or asset group ) may not be recoverable . fair value is measured using discounted cash flows or independent appraisals , as appropriate . intangible assets goodwill and other indefinite-lived intangible assets are not subject to amortization and are tested for impairment annually and whenever events or changes in circumstances indicate that impairment may have occurred . our estimates of fair value for goodwill impairment testing are determined based on a discounted cash flow model . we use inputs from our long-range planning process to determine growth rates for sales and profits . we also make estimates of discount rates , perpetuity growth assumptions , market comparables , and other factors . we evaluate the useful lives of our other intangible assets , mainly brands , to determine if they are finite or indefinite-lived . reaching a determination on useful life requires significant judgments and assumptions regarding the future effects of obsolescence , demand , competition , other economic factors ( such as the stability of the industry , known technological advances , legislative action that results in an uncertain or changing regulatory environment , and expected changes in distribution channels ) , the level of required maintenance expenditures , and the expected lives of other related groups of assets . intangible assets that are deemed to have definite lives are amortized on a straight-line basis , over their useful lives , generally ranging from 4 to 30 years . our estimate of the fair value of our brand assets is based on a discounted cash flow model using inputs which include projected revenues from our long-range plan , assumed royalty rates that could be payable if we did not own the brands , and a discount rate . as of may 26 , 2019 , we had $ 20.6 billion of goodwill and indefinite-lived intangible assets . while we currently believe that the fair value of each intangible exceeds its carrying value and that those intangibles so classified will contribute indefinitely to our cash flows , materially different assumptions regarding future performance of our businesses or a different weighted-average cost of capital could result in material impairment losses and amortization expense . we performed our fiscal 2019 assessment of our intangible assets as of the first day of the second quarter of fiscal 2019 . as a result of lower sales projections in our long-range plans for the businesses supporting the progresso , food should taste good , and mountain high brand intangible assets , we recorded the following impairment charges : in millions impairment charge fair value nov . 25 , 2018 progresso $ 132.1 $ 330.0 food should taste good 45.1 - mountain high 15.4 - . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>impairment charge</td><td>fair value as of nov . 25 2018</td></tr><tr><td>2</td><td>progresso</td><td>$ 132.1</td><td>$ 330.0</td></tr><tr><td>3</td><td>food should taste good</td><td>45.1</td><td>-</td></tr><tr><td>4</td><td>mountain high</td><td>15.4</td><td>-</td></tr><tr><td>5</td><td>total</td><td>$ 192.6</td><td>$ 330.0</td></tr></table> significant assumptions used in that assessment included our long-range cash flow projections for the businesses , royalty rates , weighted-average cost of capital rates , and tax rates. .\nQuestion: what is the sum of impairment charges for progresso and food should taste good?\nAnswer: 177.2\nQuestion: what is the impairment charge for mountain high?\n"
},
{
"role": "agent",
"content": "15.4"
}
] |
CONVFINQA6178
|
[
{
"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\n30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard . refer to note 2 , \"revenue recognition\" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs . 2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . <table class='wikitable'><tr><td>1</td><td>( $ in millions except percentages )</td><td>2018</td><td>% ( % ) change 2017</td><td>% ( % ) change 2016</td><td>% ( % ) change 2018 vs . 2017</td><td>% ( % ) change 2017 vs . 2016</td></tr><tr><td>2</td><td>interest expense net of interest income</td><td>$ 95</td><td>$ 85</td><td>$ 99</td><td>11.8% ( 11.8 % )</td><td>( 14.1 ) % ( % )</td></tr><tr><td>3</td><td>business restructuring net</td><td>$ 66</td><td>$ 2014</td><td>$ 191</td><td>n/a</td><td>( 100.0 ) % ( % )</td></tr><tr><td>4</td><td>pension settlement charges</td><td>$ 2014</td><td>$ 60</td><td>$ 968</td><td>( 100.0 ) % ( % )</td><td>( 93.8 ) % ( % )</td></tr><tr><td>5</td><td>other charges</td><td>$ 122</td><td>$ 74</td><td>$ 242</td><td>64.9% ( 64.9 % )</td><td>( 69.4 ) % ( % )</td></tr><tr><td>6</td><td>other income</td><td>( $ 114 )</td><td>( $ 150 )</td><td>( $ 127 )</td><td>( 24.0 ) % ( % )</td><td>18.1% ( 18.1 % )</td></tr></table> interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 . interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 . business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million . a pretax charge of $ 191 million was recorded in 2016 . refer to note 8 , \"business restructuring\" in item 8 of this form 10-k for additional information . pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s . qualified and non- qualified pension plans totaling approximately $ 127 million . as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 . during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s . and canadian pension obligations and assets to several highly rated insurance companies . these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans . ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions . refer to note 13 , \"employee benefit plans\" in item 8 of this form 10-k for additional information . other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges . these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey . refer to note 14 , \"commitments and contingent liabilities\" in item 8 of this form 10-k for additional information . other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 . refer to note 3 , \"acquisitions and divestitures\" in item 8 of this form 10-k for additional information. .\nQuestion: what was the net interest expense in 2019?\nAnswer: 95.0\nQuestion: what was it in 2018?\nAnswer: 85.0\nQuestion: what is the difference?\nAnswer: 10.0\nQuestion: what is the difference added to the 2019 value?\n"
},
{
"role": "agent",
"content": "105.0"
}
] |
CONVFINQA8138
|
[
{
"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 the consolidated financial statements on march 18 , 2008 , ppg completed a public offering of $ 600 million in aggregate principal amount of its 5.75% ( 5.75 % ) notes due 2013 ( the 201c2013 notes 201d ) , $ 700 million in aggregate principal amount of its 6.65% ( 6.65 % ) notes due 2018 ( the 201c2018 notes 201d ) and $ 250 million in aggregate principal amount of its 7.70% ( 7.70 % ) notes due 2038 ( the 201c2038 notes 201d and , together with the 2013 notes and the 2018 notes , the 201cnotes 201d ) . the notes were offered by the company pursuant to its existing shelf registration . the proceeds of this offering of $ 1538 million ( net of discount and issuance costs ) and additional borrowings of $ 195 million under the 20ac650 million revolving credit facility were used to repay existing debt , including certain short-term debt and the amounts outstanding under the 20ac1 billion bridge loan . no further amounts can be borrowed under the 20ac1 billion bridge loan . the discount and issuance costs related to the notes , which totaled $ 12 million , will be amortized to interest expense over the respective lives of the notes . short-term debt outstanding as of december 31 , 2008 and 2007 , was as follows : ( millions ) 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>20ac1 billion bridge loan agreement 5.2% ( 5.2 % )</td><td>$ 2014</td><td>$ 1047</td></tr><tr><td>3</td><td>u.s . commercial paper 5.3% ( 5.3 % ) as of dec . 31 2008</td><td>222</td><td>617</td></tr><tr><td>4</td><td>20ac650 million revolving credit facility weighted average 2.9% ( 2.9 % ) as of dec . 31 2008 ( 1 )</td><td>200</td><td>2014</td></tr><tr><td>5</td><td>other weighted average 4.0% ( 4.0 % ) as of dec . 31 2008</td><td>362</td><td>154</td></tr><tr><td>6</td><td>total</td><td>$ 784</td><td>$ 1818</td></tr></table> total $ 784 $ 1818 ( 1 ) borrowings under this facility have a term of 30 days and can be rolled over monthly until the facility expires in 2010 . ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2008 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2008 , 2007 and 2006 totaled $ 228 million , $ 102 million and $ 90 million , respectively . rental expense for operating leases was $ 267 million , $ 188 million and $ 161 million in 2008 , 2007 and 2006 , respectively . the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa . minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2008 , are ( in millions ) $ 126 in 2009 , $ 107 in 2010 , $ 82 in 2011 , $ 65 in 2012 , $ 51 in 2013 and $ 202 thereafter . the company had outstanding letters of credit of $ 82 million as of december 31 , 2008 . the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business . as of december 31 , 2008 and 2007 guarantees outstanding were $ 70 million . the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses . a portion of such debt is secured by the assets of the related entities . the carrying values of these guarantees were $ 9 million and $ 3 million as of december 31 , 2008 and 2007 , respectively , and the fair values were $ 40 million and $ 17 million , as of december 31 , 2008 and 2007 , respectively . the company does not believe any loss related to these letters of credit or guarantees is likely . 10 . financial instruments , excluding derivative financial instruments included in ppg 2019s financial instrument portfolio are cash and cash equivalents , cash held in escrow , marketable equity securities , company-owned life insurance and short- and long-term debt instruments . the fair values of the financial instruments approximated their carrying values , in the aggregate , except for long-term long-term debt ( excluding capital lease obligations ) , had carrying and fair values totaling $ 3122 million and $ 3035 million , respectively , as of december 31 , 2008 . the corresponding amounts as of december 31 , 2007 , were $ 1201 million and $ 1226 million , respectively . the fair values of the debt instruments were based on discounted cash flows and interest rates currently available to the company for instruments of the same remaining maturities . 2008 ppg annual report and form 10-k 45 .\nQuestion: what was the value of interest payments in 2008?\nAnswer: 228.0\nQuestion: what was the value in 2007?\nAnswer: 102.0\nQuestion: what is the net change?\nAnswer: 126.0\nQuestion: what is the 2007 value?\n"
},
{
"role": "agent",
"content": "102.0"
}
] |
CONVFINQA10210
|
[
{
"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 ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .\nQuestion: what is the asset retirement liability as of september 24 2005?\n"
},
{
"role": "agent",
"content": "11.7"
}
] |
CONVFINQA4898
|
[
{
"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 in march 2008 , the fasb issued guidance which requires entities to provide greater transparency about ( a ) how and why an entity uses derivative instruments , ( b ) how derivative instruments and related hedged items are accounted , and ( c ) how derivative instruments and related hedged items affect an entity 2019s financial position , results of operations , and cash flows . this guidance was effective on january 1 , 2009 . the adoption of this guidance did not have a material impact on our consolidated financial statements . in june 2009 , the fasb issued guidance on accounting for transfers of financial assets . this guidance amends various components of the existing guidance governing sale accounting , including the recog- nition of assets obtained and liabilities assumed as a result of a transfer , and considerations of effective control by a transferor over transferred assets . in addition , this guidance removes the exemption for qualifying special purpose entities from the consolidation guidance . this guidance is effective january 1 , 2010 , with early adoption prohibited . while the amended guidance governing sale accounting is applied on a prospec- tive basis , the removal of the qualifying special purpose entity exception will require us to evaluate certain entities for consolidation . while we are evaluating the effect of adoption of this guidance , we currently believe that its adoption will not have a material impact on our consolidated financial statement . in june 2009 , the fasb amended the guidance for determin- ing whether an entity is a variable interest entity , or vie , and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a vie . under this guidance , an entity would be required to consolidate a vie if it has ( i ) the power to direct the activities that most significantly impact the entity 2019s economic performance and ( ii ) the obligation to absorb losses of the vie or the right to receive benefits from the vie that could be significant to the vie . this guidance is effective for the first annual reporting period that begins after november 15 , 2009 , with early adoption prohibited . while we are currently evaluating the effect of adoption of this guidance , we currently believe that its adoption will not have a material impact on our consoli- dated financial statements . note 3 / property acquisitions 2009 acquisitions during 2009 , we acquired the sub-leasehold positions at 420 lexington avenue for an aggregate purchase price of approximately $ 15.9 million . 2008 acquisitions in february 2008 , we , through our joint venture with jeff sutton , acquired the properties located at 182 broadway and 63 nassau street for approximately $ 30.0 million in the aggregate . these properties are located adjacent to 180 broadway which we acquired in august 2007 . as part of the acquisition we also closed on a $ 31.0 million loan which bears interest at 225 basis points over the 30-day libor . the loan has a three-year term and two one-year extensions . we drew down $ 21.1 mil- lion at the closing to pay the balance of the acquisition costs . during the second quarter of 2008 , we , through a joint ven- ture with nysters , acquired various interests in the fee positions at 919 third avenue for approximately $ 32.8 million . as a result , our joint venture controls the entire fee position . 2007 acquisitions in january 2007 , we acquired reckson for approximately $ 6.0 billion , inclusive of transaction costs . simultaneously , we sold approximately $ 2.0 billion of the reckson assets to an asset purchasing venture led by certain of reckson 2019s former executive management . the transaction included the acquisition of 30 properties encompassing approximately 9.2 million square feet , of which five properties encompassing approxi- mately 4.2 million square feet are located in manhattan . the following summarizes our allocation of the purchase price to the assets and liabilities acquired from reckson ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>land</td><td>$ 766727</td></tr><tr><td>2</td><td>building</td><td>3724962</td></tr><tr><td>3</td><td>investment in joint venture</td><td>65500</td></tr><tr><td>4</td><td>structured finance investments</td><td>136646</td></tr><tr><td>5</td><td>acquired above-market leases</td><td>24661</td></tr><tr><td>6</td><td>other assets net of other liabilities</td><td>30473</td></tr><tr><td>7</td><td>acquired in-place leases</td><td>175686</td></tr><tr><td>8</td><td>assets acquired</td><td>4924655</td></tr><tr><td>9</td><td>acquired below-market leases</td><td>422177</td></tr><tr><td>10</td><td>minority interest</td><td>401108</td></tr><tr><td>11</td><td>liabilities acquired</td><td>823285</td></tr><tr><td>12</td><td>net assets acquired</td><td>$ 4101370</td></tr></table> .\nQuestion: what is the 9 times 1000?\n"
},
{
"role": "agent",
"content": "9000.0"
}
] |
CONVFINQA8004
|
[
{
"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 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <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>customer indemnification obligation</td><td>$ 200</td><td>-</td><td>-</td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .\nQuestion: what was the difference in securities processing between 2006 and 2008?\nAnswer: 150.0\nQuestion: and the specific value for 2006?\nAnswer: 37.0\nQuestion: so what was the percentage increase during this time?\n"
},
{
"role": "agent",
"content": "4.05405"
}
] |
CONVFINQA7417
|
[
{
"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\n2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .\nQuestion: what is the net change in the average grant datefair value per share during the year as of september 30, 2018?\nAnswer: 4.36\nQuestion: what is the value of the average grant datefair value per share as of september 30, 2017?\n"
},
{
"role": "agent",
"content": "50.33"
}
] |
CONVFINQA6118
|
[
{
"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\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2011 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2011</td><td>12/31/2012</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>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.84</td><td>$ 152.16</td><td>$ 165.35</td><td>$ 154.61</td><td>$ 189.72</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.99</td><td>$ 153.54</td><td>$ 174.54</td><td>$ 176.94</td><td>$ 198.09</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.07</td><td>$ 158.22</td><td>$ 192.80</td></tr></table> .\nQuestion: what was the change in the total performance united parcel service inc . in the five year period ended in 2016?\nAnswer: 89.72\nQuestion: in that same period, what was that change for the standard & poor 2019s 500 index?\n"
},
{
"role": "agent",
"content": "98.09"
}
] |
CONVFINQA2930
|
[
{
"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\ncelanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2014 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>totalnumberof sharespurchased ( 1 )</td><td>averageprice paidper share</td><td>total numberof sharespurchased aspart of publiclyannounced program</td><td>approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )</td></tr><tr><td>2</td><td>october 1 - 31 2014</td><td>192580</td><td>$ 58.02</td><td>164800</td><td>$ 490000000</td></tr><tr><td>3</td><td>november 1 - 30 2014</td><td>468128</td><td>$ 59.25</td><td>468128</td><td>$ 463000000</td></tr><tr><td>4</td><td>december 1 - 31 2014</td><td>199796</td><td>$ 60.78</td><td>190259</td><td>$ 451000000</td></tr><tr><td>5</td><td>total</td><td>860504</td><td>-</td><td>823187</td><td>-</td></tr></table> ___________________________ ( 1 ) includes 27780 and 9537 for october and december 2014 , respectively , related to shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units . ( 2 ) our board of directors has authorized the aggregate repurchase of $ 1.4 billion of our common stock since february 2008 . see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information . performance graph the following performance graph and related information shall not be deemed \"soliciting material\" or to be \"filed\" with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that we specifically incorporate it by reference into such filing . comparison of cumulative total return .\nQuestion: what was the total number of shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes in october?\nAnswer: 27780.0\nQuestion: and what was it in december?\n"
},
{
"role": "agent",
"content": "9537.0"
}
] |
CONVFINQA9738
|
[
{
"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 five year summary ( a ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 214 million , $ 139 million after tax ( $ 0.31 per share ) . also includes a reduction in income tax expense of $ 62 million ( $ 0.14 per share ) resulting from a tax benefit related to claims we filed for additional extraterritorial income exclusion ( eti ) tax benefits . these items increased earnings by $ 201 million after tax ( $ 0.45 per share ) . ( b ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in md&a ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) . ( c ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) . also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) . these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) . ( d ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) . ( e ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) . ( f ) we define return on invested capital ( roic ) as net earnings plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back adjustments related to postretirement benefit plans . we believe that reporting roic provides investors with greater visibility into how effectively we use the capital invested in our operations . we use roic to evaluate multi-year investment decisions and as a long-term performance measure , and also use it as a factor in evaluating management performance under certain of our incentive compensation plans . roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner . roic should not be considered in isolation or as an alternative to net earnings as an indicator of performance . we calculate roic as follows : ( in millions ) 2006 2005 2004 2003 2002 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2006</td><td>2005</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net earnings</td><td>$ 2529</td><td>$ 1825</td><td>$ 1266</td><td>$ 1053</td><td>$ 500</td></tr><tr><td>3</td><td>interest expense ( multiplied by 65% ( 65 % ) ) 1</td><td>235</td><td>241</td><td>276</td><td>317</td><td>378</td></tr><tr><td>4</td><td>return</td><td>$ 2764</td><td>$ 2066</td><td>$ 1542</td><td>$ 1370</td><td>$ 878</td></tr><tr><td>5</td><td>average debt2 5</td><td>$ 4727</td><td>$ 5077</td><td>$ 5932</td><td>$ 6612</td><td>$ 7491</td></tr><tr><td>6</td><td>average equity3 5</td><td>7686</td><td>7590</td><td>7015</td><td>6170</td><td>6853</td></tr><tr><td>7</td><td>average benefit plan adjustments3 45</td><td>2006</td><td>1545</td><td>1296</td><td>1504</td><td>341</td></tr><tr><td>8</td><td>average invested capital</td><td>$ 14419</td><td>$ 14212</td><td>$ 14243</td><td>$ 14286</td><td>$ 14685</td></tr><tr><td>9</td><td>return on invested capital</td><td>19.2% ( 19.2 % )</td><td>14.5% ( 14.5 % )</td><td>10.8% ( 10.8 % )</td><td>9.6% ( 9.6 % )</td><td>6.0% ( 6.0 % )</td></tr></table> 1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) . 2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) . 3 equity includes non-cash adjustments , primarily for the additional minimum pension liability in all years and the adoption of fas 158 in 2006 . 4 average benefit plan adjustments reflect the cumulative value of entries identified in our statement of stockholders equity under the captions 201cadjustment for adoption of fas 158 201d and 201cminimum pension liability . 201d the annual benefit plan adjustments to equity were : 2006 = ( $ 1883 ) million ; 2005 = ( $ 105 ) million ; 2004 = ( $ 285 ) million ; 2003 = $ 331 million ; and 2002 = ( $ 1537 ) million . as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the current year entry value . 5 yearly averages are calculated using balances at the start of the year and at the end of each quarter. .\nQuestion: what was the total of net earnings in 2006?\nAnswer: 2529.0\nQuestion: and what was it in 2005?\nAnswer: 1825.0\nQuestion: what was, then, the change in net earnings over the year?\n"
},
{
"role": "agent",
"content": "704.0"
}
] |
CONVFINQA3180
|
[
{
"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?\n"
},
{
"role": "agent",
"content": "558.0"
}
] |
CONVFINQA5518
|
[
{
"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\ncertain mortgage loans citigroup has elected the fair value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for-sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair value option to mitigate accounting mismatches in cases where hedge . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2009</td><td>december 31 2008</td></tr><tr><td>2</td><td>carrying amount reported on the consolidated balance sheet</td><td>$ 3338</td><td>$ 4273</td></tr><tr><td>3</td><td>aggregate fair value in excess of unpaid principalbalance</td><td>55</td><td>138</td></tr><tr><td>4</td><td>balance of non-accrual loans or loans more than 90 days past due</td><td>4</td><td>9</td></tr><tr><td>5</td><td>aggregate unpaid principal balance in excess of fair value for non-accrualloans or loans more than 90 days past due</td><td>3</td><td>2</td></tr></table> the changes in fair values of these mortgage loans are reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the years ended december 31 , 2009 and 2008 due to instrument-specific credit risk resulted in a $ 10 million loss and $ 32 million loss , respectively . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward-purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 to the consolidated financial statements for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 6.5 billion and $ 5.7 billion as of december 31 , 2009 and 2008 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income . certain structured liabilities the company has elected the fair value option for certain structured liabilities whose performance is linked to structured interest rates , inflation or currency risks ( 201cstructured liabilities 201d ) . the company elected the fair value option , because these exposures are considered to be trading-related positions and , therefore , are managed on a fair value basis . these positions will continue to be classified as debt , deposits or derivatives ( trading account liabilities ) on the company 2019s consolidated balance sheet according to their legal form . for those structured liabilities classified as long-term debt for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value by $ 125 million and $ 671 million as of december 31 , 2009 and 2008 , respectively . the change in fair value for these structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense is measured based on the contractual interest rates and reported as such in the consolidated income statement . certain non-structured liabilities the company has elected the fair value option for certain non-structured liabilities with fixed and floating interest rates ( 201cnon-structured liabilities 201d ) . the company has elected the fair value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . for those non-structured liabilities classified as short-term borrowings for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value of such instruments by $ 220 million as of december 31 , 2008 . for non-structured liabilities classified as long-term debt for which the fair value option has been elected , the aggregate unpaid principal balance exceeded the aggregate fair value by $ 1542 million and $ 856 million as of december 31 , 2009 and 2008 , respectively . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . accounting is complex and to achieve operational simplifications . the fair value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . the following table provides information about certain mortgage loans carried at fair value: .\nQuestion: what was the aggregate fair value in excess of unpaid principal balance for the loans accounted for with the fair value option in 2009?\nAnswer: 55.0\nQuestion: and what was it in 2008?\nAnswer: 138.0\nQuestion: what was, then, the change over the year?\n"
},
{
"role": "agent",
"content": "-83.0"
}
] |
CONVFINQA10542
|
[
{
"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 was the total production from canada?\nAnswer: 64.0\nQuestion: and for north america onshore?\nAnswer: 238.0\nQuestion: so what was the proprtion of production from canada to north america onshore?\nAnswer: 0.26891\nQuestion: and converted to the hundreds?\n"
},
{
"role": "agent",
"content": "26.89076"
}
] |
CONVFINQA5008
|
[
{
"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\nschlumberger limited and subsidiaries shares of common stock issued in treasury shares outstanding ( stated in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>issued</td><td>in treasury</td><td>shares outstanding</td></tr><tr><td>2</td><td>balance january 1 2008</td><td>1334</td><td>-138 ( 138 )</td><td>1196</td></tr><tr><td>3</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>5</td><td>5</td></tr><tr><td>4</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>2</td><td>2</td></tr><tr><td>5</td><td>stock repurchase program</td><td>2013</td><td>-21 ( 21 )</td><td>-21 ( 21 )</td></tr><tr><td>6</td><td>issued on conversions of debentures</td><td>2013</td><td>12</td><td>12</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>1334</td><td>-140 ( 140 )</td><td>1194</td></tr><tr><td>8</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>4</td><td>4</td></tr><tr><td>9</td><td>vesting of restricted stock</td><td>2013</td><td>1</td><td>1</td></tr><tr><td>10</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>4</td><td>4</td></tr><tr><td>11</td><td>stock repurchase program</td><td>2013</td><td>-8 ( 8 )</td><td>-8 ( 8 )</td></tr><tr><td>12</td><td>balance december 31 2009</td><td>1334</td><td>-139 ( 139 )</td><td>1195</td></tr><tr><td>13</td><td>acquisition of smith international inc .</td><td>100</td><td>76</td><td>176</td></tr><tr><td>14</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>6</td><td>6</td></tr><tr><td>15</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>3</td><td>3</td></tr><tr><td>16</td><td>stock repurchase program</td><td>2013</td><td>-27 ( 27 )</td><td>-27 ( 27 )</td></tr><tr><td>17</td><td>issued on conversions of debentures</td><td>2013</td><td>8</td><td>8</td></tr><tr><td>18</td><td>balance december 31 2010</td><td>1434</td><td>-73 ( 73 )</td><td>1361</td></tr></table> see the notes to consolidated financial statements part ii , item 8 .\nQuestion: combined, what was the shares outstanding for 12/31/10 and 12/31/09?\nAnswer: 2556.0\nQuestion: so what was the average of these values?\n"
},
{
"role": "agent",
"content": "1278.0"
}
] |
CONVFINQA10140
|
[
{
"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 ) m . employee retirement plans ( continued ) plan assets . our qualified defined-benefit pension plan weighted average asset allocation , which is based upon fair value , was as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>equity securities</td><td>34% ( 34 % )</td><td>55% ( 55 % )</td></tr><tr><td>3</td><td>debt securities</td><td>49% ( 49 % )</td><td>28% ( 28 % )</td></tr><tr><td>4</td><td>other</td><td>17% ( 17 % )</td><td>17% ( 17 % )</td></tr><tr><td>5</td><td>total</td><td>100% ( 100 % )</td><td>100% ( 100 % )</td></tr></table> for our qualified defined-benefit pension plans , we have adopted accounting guidance that defines fair value , establishes a framework for measuring fair value and prescribes disclosures about fair value measurements . accounting guidance defines fair value as \"the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\" following is a description of the valuation methodologies used for assets measured at fair value . there have been no changes in the methodologies used at december 31 , 2018 compared to december 31 , 2017 . common and preferred stocks and short-term and other investments : valued at the closing price reported on the active market on which the individual securities are traded or based on the active market for similar securities . certain investments are valued based on net asset value ( \"nav\" ) , which approximates fair value . such basis is determined by referencing the respective fund's underlying assets . there are no unfunded commitments or other restrictions associated with these investments . private equity and hedge funds : valued based on an estimated fair value using either a market approach or an income approach , both of which require a significant degree of judgment . there is no active trading market for these investments and they are generally illiquid . due to the significant unobservable inputs , the fair value measurements used to estimate fair value are a level 3 input . certain investments are valued based on nav , which approximates fair value . such basis is determined by referencing the respective fund's underlying assets . there are no unfunded commitments or other restrictions associated with the investments valued at nav . corporate , government and other debt securities : valued based on either the closing price reported on the active market on which the individual securities are traded or using pricing models maximizing the use of observable inputs for similar securities . this includes basing value on yields currently available on comparable securities of issuers with similar credit ratings . certain investments are valued based on nav , which approximates fair value . such basis is determined by referencing the respective fund's underlying assets . there are unfunded commitments of $ 1 million and no other restrictions associated with these investments . common collective trust fund : valued based on an amortized cost basis , which approximates fair value . such basis is determined by reference to the respective fund's underlying assets , which are primarily cash equivalents . there are no unfunded commitments or other restrictions associated with this fund . buy-in annuity : valued based on the associated benefit obligation for which the buy-in annuity covers the benefits , which approximates fair value . such basis is determined based on various assumptions , including the discount rate , long-term rate of return on plan assets and mortality rate . the methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values . furthermore , while we believe our valuation methods are appropriate and consistent with other market participants , the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date . the following tables set forth , by level within the fair value hierarchy , the qualified defined-benefit pension plan assets at fair value as of december 31 , 2018 and 2017 , as well as those valued at nav using the practical expedient , which approximates fair value , in millions. .\nQuestion: what was the difference in percent of debt securities between 2017 and 2018?\n"
},
{
"role": "agent",
"content": "21.0"
}
] |
CONVFINQA8679
|
[
{
"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 stock appreciation rights 2013 prior to 2005 , we granted sars under the 2003 plan . no stock appreciation rights have been granted under the 2007 plan . similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price . under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options . in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock-based performance awards 2013 prior to 2005 , we granted stock-based performance awards under the 2003 plan . no stock-based performance awards have been granted under the 2007 plan . beginning in 2005 , we discontinued granting stock-based performance awards and instead now grant cash-settled performance units to officers . all stock-based performance awards granted under the 2003 plan have either vested or been forfeited . as a result , there are no outstanding stock-based performance awards . restricted stock 2013 we grant restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan . in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package . the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment . we also grant restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes . the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment , however , certain restricted stock awards granted in 2008 will vest over a four-year period , contingent on the recipient 2019s continued employment . prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon . the non-vested shares are not transferable and are held by our transfer agent . common stock units 2013 we maintain an equity compensation program for our non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan . all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors . when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units . total stock-based compensation expense total employee stock-based compensation expense was $ 43 million , $ 66 million and $ 78 million in 2008 , 2007 and 2006 . the total related income tax benefits were $ 16 million , $ 24 million and $ 29 million . in 2008 and 2007 , cash received upon exercise of stock option awards was $ 9 million and $ 27 million . tax benefits realized for deductions during 2008 and 2007 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 7 million and $ 30 million . cash settlements of stock option awards totaled $ 1 million in 2007 . there were no cash settlements in 2008 . stock option awards during 2008 , 2007 and 2006 , we granted stock option awards to both officer and non-officer employees . the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average exercise price per share</td><td>$ 51.74</td><td>$ 60.94</td><td>$ 37.84</td></tr><tr><td>3</td><td>expected annual dividends per share</td><td>$ 0.96</td><td>$ 0.96</td><td>$ 0.80</td></tr><tr><td>4</td><td>expected life in years</td><td>4.8</td><td>5.0</td><td>5.1</td></tr><tr><td>5</td><td>expected volatility</td><td>30% ( 30 % )</td><td>27% ( 27 % )</td><td>28% ( 28 % )</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>3.1% ( 3.1 % )</td><td>4.1% ( 4.1 % )</td><td>5.0% ( 5.0 % )</td></tr><tr><td>7</td><td>weighted average grant date fair value of stock option awards granted</td><td>$ 13.03</td><td>$ 17.24</td><td>$ 10.19</td></tr></table> .\nQuestion: what was the difference in the weighted average exercise price per share between 2006 and 2008?\nAnswer: 13.9\nQuestion: and the specific value of 2006?\n"
},
{
"role": "agent",
"content": "37.84"
}
] |
CONVFINQA10013
|
[
{
"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\nmaturities of long-term debt in each of the next five years and beyond are as follows: . <table class='wikitable'><tr><td>1</td><td>2014</td><td>$ 907.4</td></tr><tr><td>2</td><td>2015</td><td>453.0</td></tr><tr><td>3</td><td>2016</td><td>433.0</td></tr><tr><td>4</td><td>2017</td><td>453.8</td></tr><tr><td>5</td><td>2018</td><td>439.9</td></tr><tr><td>6</td><td>thereafter</td><td>2876.6</td></tr><tr><td>7</td><td>total</td><td>$ 5563.7</td></tr></table> on 4 february 2013 , we issued a $ 400.0 senior fixed-rate 2.75% ( 2.75 % ) note that matures on 3 february 2023 . additionally , on 7 august 2013 , we issued a 2.0% ( 2.0 % ) eurobond for 20ac300 million ( $ 397 ) that matures on 7 august 2020 . various debt agreements to which we are a party also include financial covenants and other restrictions , including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions . as of 30 september 2013 , we are in compliance with all the financial and other covenants under our debt agreements . as of 30 september 2013 , we have classified commercial paper of $ 400.0 maturing in 2014 as long-term debt because we have the ability and intent to refinance the debt under our $ 2500.0 committed credit facility maturing in 2018 . our current intent is to refinance this debt via the u.s . public or private placement markets . on 30 april 2013 , we entered into a five-year $ 2500.0 revolving credit agreement with a syndicate of banks ( the 201c2013 credit agreement 201d ) , under which senior unsecured debt is available to us and certain of our subsidiaries . the 2013 credit agreement provides us with a source of liquidity and supports our commercial paper program . this agreement increases the previously existing facility by $ 330.0 , extends the maturity date to 30 april 2018 , and modifies the financial covenant to a maximum ratio of total debt to total capitalization ( total debt plus total equity plus redeemable noncontrolling interest ) no greater than 70% ( 70 % ) . no borrowings were outstanding under the 2013 credit agreement as of 30 september 2013 . the 2013 credit agreement terminates and replaces our previous $ 2170.0 revolving credit agreement dated 8 july 2010 , as subsequently amended , which was to mature 30 june 2015 and had a financial covenant of long-term debt divided by the sum of long-term debt plus equity of no greater than 60% ( 60 % ) . no borrowings were outstanding under the previous agreement at the time of its termination and no early termination penalties were incurred . effective 11 june 2012 , we entered into an offshore chinese renminbi ( rmb ) syndicated credit facility of rmb1000.0 million ( $ 163.5 ) , maturing in june 2015 . there are rmb250.0 million ( $ 40.9 ) in outstanding borrowings under this commitment at 30 september 2013 . additional commitments totaling $ 383.0 are maintained by our foreign subsidiaries , of which $ 309.0 was borrowed and outstanding at 30 september 2013. .\nQuestion: what was the senior fixed-rate in 2013?\n"
},
{
"role": "agent",
"content": "0.0275"
}
] |
CONVFINQA814
|
[
{
"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\nhumana inc . notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 . cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively . total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years . restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant . compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant . the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively . activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted average grant-date fair value</td></tr><tr><td>2</td><td>nonvested restricted stock at december 31 2006</td><td>1107455</td><td>$ 45.86</td></tr><tr><td>3</td><td>granted</td><td>852353</td><td>63.59</td></tr><tr><td>4</td><td>vested</td><td>-51206 ( 51206 )</td><td>56.93</td></tr><tr><td>5</td><td>forfeited</td><td>-63624 ( 63624 )</td><td>49.65</td></tr><tr><td>6</td><td>nonvested restricted stock at december 31 2007</td><td>1844978</td><td>$ 53.61</td></tr></table> the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively . total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years . there are no other contractual terms covering restricted stock awards once vested. .\nQuestion: what was the fair value of shares vested during 2007?\nAnswer: 3.4\nQuestion: what was the value of shares vested in 2005?\nAnswer: 0.6\nQuestion: what is the sum?\nAnswer: 4.0\nQuestion: what is the total sum including shares vested in 2004?\n"
},
{
"role": "agent",
"content": "6.3"
}
] |
CONVFINQA10873
|
[
{
"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\n26 | 2009 annual report in fiscal 2008 , revenues in the credit union systems and services business segment increased 14% ( 14 % ) from fiscal 2007 . all revenue components within the segment experienced growth during fiscal 2008 . license revenue generated the largest dollar growth in revenue as episys ae , our flagship core processing system aimed at larger credit unions , experienced strong sales throughout the year . support and service revenue , which is the largest component of total revenues for the credit union segment , experienced 34 percent growth in eft support and 10 percent growth in in-house support . gross profit in this business segment increased $ 9344 in fiscal 2008 compared to fiscal 2007 , due primarily to the increase in license revenue , which carries the highest margins . liquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements . we expect this trend to continue in the future . the company 2019s cash and cash equivalents increased to $ 118251 at june 30 , 2009 from $ 65565 at june 30 , 2008 . the following table summarizes net cash from operating activities in the statement of cash flows : 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>2008</td><td>year ended june 30 2009 2008</td><td>year ended june 30 2009 2008</td><td>year ended june 30 2009</td></tr><tr><td>2</td><td>net income</td><td>$ 103102</td><td>$ 104222</td><td>$ 104681</td></tr><tr><td>3</td><td>non-cash expenses</td><td>74397</td><td>70420</td><td>56348</td></tr><tr><td>4</td><td>change in receivables</td><td>21214</td><td>-2913 ( 2913 )</td><td>-28853 ( 28853 )</td></tr><tr><td>5</td><td>change in deferred revenue</td><td>21943</td><td>5100</td><td>24576</td></tr><tr><td>6</td><td>change in other assets and liabilities</td><td>-14068 ( 14068 )</td><td>4172</td><td>17495</td></tr><tr><td>7</td><td>net cash from operating activities</td><td>$ 206588</td><td>$ 181001</td><td>$ 174247</td></tr></table> year ended june 30 , cash provided by operations increased $ 25587 to $ 206588 for the fiscal year ended june 30 , 2009 as compared to $ 181001 for the fiscal year ended june 30 , 2008 . this increase is primarily attributable to a decrease in receivables compared to the same period a year ago of $ 21214 . this decrease is largely the result of fiscal 2010 annual software maintenance billings being provided to customers earlier than in the prior year , which allowed more cash to be collected before the end of the fiscal year than in previous years . further , we collected more cash overall related to revenues that will be recognized in subsequent periods in the current year than in fiscal 2008 . cash used in investing activities for the fiscal year ended june 2009 was $ 59227 and includes $ 3027 in contingent consideration paid on prior years 2019 acquisitions . cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions . capital expenditures for fiscal 2009 were $ 31562 compared to $ 31105 for fiscal 2008 . cash used for software development in fiscal 2009 was $ 24684 compared to $ 23736 during the prior year . net cash used in financing activities for the current fiscal year was $ 94675 and includes the repurchase of 3106 shares of our common stock for $ 58405 , the payment of dividends of $ 26903 and $ 13489 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 3773 from the exercise of stock options and the sale of common stock ( through the employee stock purchase plan ) and $ 348 excess tax benefits from stock option exercises . during fiscal 2008 , net cash used in financing activities for the fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises . beginning during fiscal 2008 , us financial markets and many of the largest us financial institutions have been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities . since that time , these and other such developments have resulted in a broad , global economic downturn . while we , as is the case with most companies , have experienced the effects of this downturn , we have not experienced any significant issues with our current collection efforts , and we believe that any future impact to our liquidity will be minimized by cash generated by recurring sources of revenue and due to our access to available lines of credit. .\nQuestion: what is the change in the balance of cash and cash equivalents from 2008 to 2009?\n"
},
{
"role": "agent",
"content": "52686.0"
}
] |
CONVFINQA9552
|
[
{
"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 aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 the preliminary allocation of the purchase price to the fair value of assets acquired and liabilities assumed is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>cash</td><td>$ 116</td></tr><tr><td>2</td><td>accounts receivable</td><td>278</td></tr><tr><td>3</td><td>inventory</td><td>124</td></tr><tr><td>4</td><td>other current assets</td><td>41</td></tr><tr><td>5</td><td>property plant and equipment</td><td>2549</td></tr><tr><td>6</td><td>intangible assets subject to amortization</td><td>166</td></tr><tr><td>7</td><td>intangible assets 2014indefinite-lived</td><td>5</td></tr><tr><td>8</td><td>regulatory assets</td><td>201</td></tr><tr><td>9</td><td>other noncurrent assets</td><td>58</td></tr><tr><td>10</td><td>current liabilities</td><td>-401 ( 401 )</td></tr><tr><td>11</td><td>non-recourse debt</td><td>-1255 ( 1255 )</td></tr><tr><td>12</td><td>deferred taxes</td><td>-558 ( 558 )</td></tr><tr><td>13</td><td>regulatory liabilities</td><td>-117 ( 117 )</td></tr><tr><td>14</td><td>other noncurrent liabilities</td><td>-195 ( 195 )</td></tr><tr><td>15</td><td>redeemable preferred stock</td><td>-18 ( 18 )</td></tr><tr><td>16</td><td>net identifiable assets acquired</td><td>994</td></tr><tr><td>17</td><td>goodwill</td><td>2489</td></tr><tr><td>18</td><td>net assets acquired</td><td>$ 3483</td></tr></table> at december 31 , 2011 , the assets acquired and liabilities assumed in the acquisition were recorded at provisional amounts based on the preliminary purchase price allocation . the company is in the process of obtaining additional information to identify and measure all assets acquired and liabilities assumed in the acquisition within the measurement period , which could be up to one year from the date of acquisition . such provisional amounts will be retrospectively adjusted to reflect any new information about facts and circumstances that existed at the acquisition date that , if known , would have affected the measurement of these amounts . additionally , key input assumptions and their sensitivity to the valuation of assets acquired and liabilities assumed are currently being reviewed by management . it is likely that the value of the generation business related property , plant and equipment , the intangible asset related to the electric security plan with its regulated customers and long-term coal contracts , the 4.9% ( 4.9 % ) equity ownership interest in the ohio valley electric corporation , and deferred taxes could change as the valuation process is finalized . dpler , dpl 2019s wholly-owned competitive retail electric service ( 201ccres 201d ) provider , will also likely have changes in its initial purchase price allocation for the valuation of its intangible assets for the trade name , and customer relationships and contracts . as noted in the table above , the preliminary purchase price allocation has resulted in the recognition of $ 2.5 billion of goodwill . factors primarily contributing to a price in excess of the fair value of the net tangible and intangible assets include , but are not limited to : the ability to expand the u.s . utility platform in the mid-west market , the ability to capitalize on utility management experience gained from ipl , enhanced ability to negotiate with suppliers of fuel and energy , the ability to capture value associated with aes 2019 u.s . tax position , a well- positioned generating fleet , the ability of dpl to leverage its assembled workforce to take advantage of growth opportunities , etc . our ability to realize the benefit of dpl 2019s goodwill depends on the realization of expected benefits resulting from a successful integration of dpl into aes 2019 existing operations and our ability to respond to the changes in the ohio utility market . for example , utilities in ohio continue to face downward pressure on operating margins due to the evolving regulatory environment , which is moving towards a market-based competitive pricing mechanism . at the same time , the declining energy prices are also reducing operating .\nQuestion: what was the amount in cash?\nAnswer: 116.0\nQuestion: and accounts receivables?\nAnswer: 278.0\nQuestion: combining these two assets, what was the total value?\nAnswer: 394.0\nQuestion: and the amount of inventory?\n"
},
{
"role": "agent",
"content": "124.0"
}
] |
CONVFINQA3858
|
[
{
"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 granted 1020 performance shares . the vesting of these shares is contingent on meeting stated goals over a performance period . beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . the following table summarizes restricted stock and performance shares activity for 2010 : number of shares weighted average grant date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of shares</td><td>weighted average grant date fair value</td></tr><tr><td>2</td><td>outstanding at december 31 2009</td><td>116677</td><td>$ 280</td></tr><tr><td>3</td><td>granted</td><td>134245</td><td>275</td></tr><tr><td>4</td><td>vested</td><td>-34630 ( 34630 )</td><td>257</td></tr><tr><td>5</td><td>cancelled</td><td>-19830 ( 19830 )</td><td>260</td></tr><tr><td>6</td><td>outstanding at december 31 2010</td><td>196462</td><td>283</td></tr></table> the total fair value of restricted stock that vested during the years ended december 31 , 2010 , 2009 and 2008 , was $ 10.3 million , $ 6.2 million and $ 2.5 million , respectively . eligible employees may acquire shares of cme group 2019s class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2010 , 2009 and 2008 , a total of 4371 , 4402 and 5600 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.1 million for the purchase discount was recognized in 2010 , 2009 and 2008 , respectively . non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution . as a result , 7470 , 11674 and 5509 shares of class a common stock were issued to non-executive directors during 2010 , 2009 and 2008 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.4 million , $ 2.5 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2010 , 2009 and 2008 , respectively. .\nQuestion: what is that total fair value of restricted stock that vested during 2010?\nAnswer: 10.3\nQuestion: what about during 2009?\nAnswer: 6.2\nQuestion: what is the total for two years?\nAnswer: 16.5\nQuestion: what is the total including year 2008?\n"
},
{
"role": "agent",
"content": "19.0"
}
] |
CONVFINQA10015
|
[
{
"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\nmaturities of long-term debt in each of the next five years and beyond are as follows: . <table class='wikitable'><tr><td>1</td><td>2014</td><td>$ 907.4</td></tr><tr><td>2</td><td>2015</td><td>453.0</td></tr><tr><td>3</td><td>2016</td><td>433.0</td></tr><tr><td>4</td><td>2017</td><td>453.8</td></tr><tr><td>5</td><td>2018</td><td>439.9</td></tr><tr><td>6</td><td>thereafter</td><td>2876.6</td></tr><tr><td>7</td><td>total</td><td>$ 5563.7</td></tr></table> on 4 february 2013 , we issued a $ 400.0 senior fixed-rate 2.75% ( 2.75 % ) note that matures on 3 february 2023 . additionally , on 7 august 2013 , we issued a 2.0% ( 2.0 % ) eurobond for 20ac300 million ( $ 397 ) that matures on 7 august 2020 . various debt agreements to which we are a party also include financial covenants and other restrictions , including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions . as of 30 september 2013 , we are in compliance with all the financial and other covenants under our debt agreements . as of 30 september 2013 , we have classified commercial paper of $ 400.0 maturing in 2014 as long-term debt because we have the ability and intent to refinance the debt under our $ 2500.0 committed credit facility maturing in 2018 . our current intent is to refinance this debt via the u.s . public or private placement markets . on 30 april 2013 , we entered into a five-year $ 2500.0 revolving credit agreement with a syndicate of banks ( the 201c2013 credit agreement 201d ) , under which senior unsecured debt is available to us and certain of our subsidiaries . the 2013 credit agreement provides us with a source of liquidity and supports our commercial paper program . this agreement increases the previously existing facility by $ 330.0 , extends the maturity date to 30 april 2018 , and modifies the financial covenant to a maximum ratio of total debt to total capitalization ( total debt plus total equity plus redeemable noncontrolling interest ) no greater than 70% ( 70 % ) . no borrowings were outstanding under the 2013 credit agreement as of 30 september 2013 . the 2013 credit agreement terminates and replaces our previous $ 2170.0 revolving credit agreement dated 8 july 2010 , as subsequently amended , which was to mature 30 june 2015 and had a financial covenant of long-term debt divided by the sum of long-term debt plus equity of no greater than 60% ( 60 % ) . no borrowings were outstanding under the previous agreement at the time of its termination and no early termination penalties were incurred . effective 11 june 2012 , we entered into an offshore chinese renminbi ( rmb ) syndicated credit facility of rmb1000.0 million ( $ 163.5 ) , maturing in june 2015 . there are rmb250.0 million ( $ 40.9 ) in outstanding borrowings under this commitment at 30 september 2013 . additional commitments totaling $ 383.0 are maintained by our foreign subsidiaries , of which $ 309.0 was borrowed and outstanding at 30 september 2013. .\nQuestion: what was the senior fixed-rate in 2013?\nAnswer: 0.0275\nQuestion: and what is the sum of the number one and this percentage as a portion of the number one?\nAnswer: 1.0275\nQuestion: considering that this senior fixed rate accumulates on top of the previous one, what will be its total cumulative value at the end of ten years?\n"
},
{
"role": "agent",
"content": "1.31165"
}
] |
CONVFINQA1215
|
[
{
"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\ndiscount rate 2014the assumed discount rate is used to determine the current retirement related benefit plan expense and obligations , and represents the interest rate that is used to determine the present value of future cash flows currently expected to be required to effectively settle a plan 2019s benefit obligations . the discount rate assumption is determined for each plan by constructing a portfolio of high quality bonds with cash flows that match the estimated outflows for future benefit payments to determine a single equivalent discount rate . benefit payments are not only contingent on the terms of a plan , but also on the underlying participant demographics , including current age , and assumed mortality . we use only bonds that are denominated in u.s . dollars , rated aa or better by two of three nationally recognized statistical rating agencies , have a minimum outstanding issue of $ 50 million as of the measurement date , and are not callable , convertible , or index linked . since bond yields are generally unavailable beyond 30 years , we assume those rates will remain constant beyond that point . taking into consideration the factors noted above , our weighted average discount rate for pensions was 5.23% ( 5.23 % ) and 5.84% ( 5.84 % ) , as of december 31 , 2011 and 2010 , respectively . our weighted average discount rate for other postretirement benefits was 4.94% ( 4.94 % ) and 5.58% ( 5.58 % ) as of december 31 , 2011 and 2010 , respectively . expected long-term rate of return 2014the expected long-term rate of return on assets is used to calculate net periodic expense , and is based on such factors as historical returns , targeted asset allocations , investment policy , duration , expected future long-term performance of individual asset classes , inflation trends , portfolio volatility , and risk management strategies . while studies are helpful in understanding current trends and performance , the assumption is based more on longer term and prospective views . in order to reflect expected lower future market returns , we have reduced the expected long-term rate of return assumption from 8.50% ( 8.50 % ) , used to record 2011 expense , to 8.00% ( 8.00 % ) for 2012 . the decrease in the expected return on assets assumption is primarily related to lower bond yields and updated return assumptions for equities . unless plan assets and benefit obligations are subject to remeasurement during the year , the expected return on pension assets is based on the fair value of plan assets at the beginning of the year . an increase or decrease of 25 basis points in the discount rate and the expected long-term rate of return assumptions would have had the following approximate impacts on pensions : ( $ in millions ) increase ( decrease ) in 2012 expense increase ( decrease ) in december 31 , 2011 obligations . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>increase ( decrease ) in 2012 expense</td><td>increase ( decrease ) in december 31 2011 obligations</td></tr><tr><td>2</td><td>25 basis point decrease in discount rate</td><td>$ 18</td><td>$ 146</td></tr><tr><td>3</td><td>25 basis point increase in discount rate</td><td>-17 ( 17 )</td><td>-154 ( 154 )</td></tr><tr><td>4</td><td>25 basis point decrease in expected return on assets</td><td>8</td><td>n.a .</td></tr><tr><td>5</td><td>25 basis point increase in expected return on assets</td><td>-8 ( 8 )</td><td>n.a .</td></tr></table> differences arising from actual experience or changes in assumptions might materially affect retirement related benefit plan obligations and the funded status . actuarial gains and losses arising from differences from actual experience or changes in assumptions are deferred in accumulated other comprehensive income . this unrecognized amount is amortized to the extent it exceeds 10% ( 10 % ) of the greater of the plan 2019s benefit obligation or plan assets . the amortization period for actuarial gains and losses is the estimated average remaining service life of the plan participants , which is approximately 10 years . cas expense 2014in addition to providing the methodology for calculating retirement related benefit plan costs , cas also prescribes the method for assigning those costs to specific periods . while the ultimate liability for such costs under fas and cas is similar , the pattern of cost recognition is different . the key drivers of cas pension expense include the funded status and the method used to calculate cas reimbursement for each of our plans as well as our expected long-term rate of return on assets assumption . unlike fas , cas requires the discount rate to be consistent with the expected long-term rate of return on assets assumption , which changes infrequently given its long-term nature . as a result , changes in bond or other interest rates generally do not impact cas . in addition , unlike under fas , we can only allocate pension costs for a plan under cas until such plan is fully funded as determined under erisa requirements . other fas and cas considerations 2014we update our estimates of future fas and cas costs at least annually based on factors such as calendar year actual plan asset returns , final census data from the end of the prior year , and other actual and projected experience . a key driver of the difference between fas and cas expense ( and consequently , the fas/cas adjustment ) is the pattern of earnings and expense recognition for gains and losses that arise when our asset and liability experiences differ from our assumptions under each set of requirements . under fas , our net gains and losses exceeding the 10% ( 10 % ) corridor are amortized .\nQuestion: what was the weighted average discount rate for other post-retirement benefits in 2011?\nAnswer: 4.94\nQuestion: and what was it in 2010?\nAnswer: 5.58\nQuestion: what was, then, the change over the year?\n"
},
{
"role": "agent",
"content": "-0.64"
}
] |
CONVFINQA5512
|
[
{
"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\ngenerate 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 2014 2013 2012 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 7385</td><td>$ 6823</td><td>$ 6161</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-4249 ( 4249 )</td><td>-3405 ( 3405 )</td><td>-3633 ( 3633 )</td></tr><tr><td>4</td><td>dividends paid</td><td>-1632 ( 1632 )</td><td>-1333 ( 1333 )</td><td>-1146 ( 1146 )</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 1504</td><td>$ 2085</td><td>$ 1382</td></tr></table> 2015 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2015 , we will continue to add resources to support growth , improve service , and replenish our surge capability . f0b7 fuel prices 2013 with the dramatic drop in fuel prices at the end of 2014 , there is even more uncertainty around the projections of fuel prices . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate there will be a timing impact on earnings , as our fuel surcharge programs trail fluctuations in fuel price by approximately two months . lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices will likely have a negative impact on other commodities such as coal , frac sand and crude oil shipments . f0b7 capital plan 2013 in 2015 , we expect our capital plan to be approximately $ 4.3 billion , including expenditures for ptc and 218 locomotives . the capital plan may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 financial expectations 2013 we expect the overall u.s . economy to continue to improve at a moderate pace . one of the biggest uncertainties is the outlook for energy markets , which will bring both challenges and opportunities . on balance , we expect to see positive volume growth for 2015 versus the prior year . in the current environment , we expect continued margin improvement driven by continued pricing opportunities , ongoing productivity initiatives and the ability to leverage our resources as we improve the fluidity of our network. .\nQuestion: what was free cash flow in 2014?\nAnswer: 1504.0\nQuestion: what was it in 2013?\nAnswer: 2085.0\nQuestion: what is the net change?\nAnswer: -581.0\nQuestion: what was the 2013 value?\n"
},
{
"role": "agent",
"content": "2085.0"
}
] |
CONVFINQA4736
|
[
{
"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 , 2013 and 2012 , our liabilities associated with unrecognized tax benefits are not material . we and our subsidiaries file income tax returns in the u.s . federal jurisdiction and various foreign jurisdictions . with few exceptions , the statute of limitations is no longer open for u.s . federal or non-u.s . income tax examinations for the years before 2010 , other than with respect to refunds . u.s . income taxes and foreign withholding taxes have not been provided on earnings of $ 222 million , $ 211 million , and $ 193 million that have not been distributed by our non-u.s . companies as of december 31 , 2013 , 2012 , and 2011 . our intention is to permanently reinvest these earnings , thereby indefinitely postponing their remittance to the u.s . if these earnings were remitted , we estimate that the additional income taxes after foreign tax credits would have been approximately $ 50 million in 2013 , $ 45 million in 2012 , and $ 41 million in 2011 . our federal and foreign income tax payments , net of refunds received , were $ 787 million in 2013 , $ 890 million in 2012 , and $ 722 million in 2011 . our 2013 net payments reflect a $ 550 million refund from the irs primarily attributable to our tax-deductible discretionary pension contributions during the fourth quarter of 2012 ; our 2012 net payments reflect a $ 153 million refund from the irs related to a 2011 capital loss carryback claim ; and our 2011 net payments reflect a $ 250 million refund from the irs related to estimated taxes paid for 2010 . as of december 31 , 2013 and 2012 , we had federal and foreign taxes receivable of $ 313 million and $ 662 million recorded within other current assets on our balance sheet , primarily attributable to our tax-deductible discretionary pension contributions in the fourth quarter of 2013 and 2012 and our debt exchange transaction in the fourth quarter of 2012 . note 9 2013 debt our long-term debt consisted of the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042</td><td>$ 5642</td><td>$ 5642</td></tr><tr><td>3</td><td>notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2016 to 2036</td><td>916</td><td>930</td></tr><tr><td>4</td><td>notes with a rate of 7.38% ( 7.38 % ) due 2013</td><td>2014</td><td>150</td></tr><tr><td>5</td><td>other debt</td><td>476</td><td>478</td></tr><tr><td>6</td><td>total long-term debt</td><td>7034</td><td>7200</td></tr><tr><td>7</td><td>less : unamortized discounts</td><td>-882 ( 882 )</td><td>-892 ( 892 )</td></tr><tr><td>8</td><td>total long-term debt net of unamortized discounts</td><td>6152</td><td>6308</td></tr><tr><td>9</td><td>less : current maturities of long-term debt</td><td>2014</td><td>-150 ( 150 )</td></tr><tr><td>10</td><td>total long-term debt net</td><td>$ 6152</td><td>$ 6158</td></tr></table> in december 2012 , we issued notes totaling $ 1.3 billion with a fixed interest rate of 4.07% ( 4.07 % ) maturing in december 2042 ( the new notes ) in exchange for outstanding notes totaling $ 1.2 billion with interest rates ranging from 5.50% ( 5.50 % ) to 8.50% ( 8.50 % ) maturing in 2023 to 2040 ( the old notes ) . in connection with the exchange , we paid a premium of $ 393 million , of which $ 225 million was paid in cash and $ 168 million was in the form of new notes . this premium , in addition to $ 194 million in remaining unamortized discounts related to the old notes , will be amortized as additional interest expense over the term of the new notes using the effective interest method . we may , at our option , redeem some or all of the new notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest . interest on the new notes is payable on june 15 and december 15 of each year , beginning on june 15 , 2013 . the new notes are unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness . in september 2011 , we issued $ 2.0 billion of long-term notes in a registered public offering and in october 2011 , we used a portion of the proceeds to redeem all of our $ 500 million long-term notes maturing in 2013 . in 2011 , we repurchased $ 84 million of our long-term notes through open-market purchases . we paid premiums of $ 48 million in connection with the early extinguishments of debt , which were recognized in other non-operating income ( expense ) , net . at december 31 , 2013 and 2012 , we had in place with a group of banks a $ 1.5 billion revolving credit facility that expires in august 2016 . we may request and the banks may grant , at their discretion , an increase to the credit facility by an additional amount up to $ 500 million . there were no borrowings outstanding under the credit facility through december 31 , 2013 . borrowings under the credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the credit facility . each bank 2019s obligation to make loans under the credit facility is subject .\nQuestion: in 2012, what percentage of the total premium associated with the exchange for new notes was paid in cash?\n"
},
{
"role": "agent",
"content": "0.57252"
}
] |
CONVFINQA3140
|
[
{
"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 sets forth our refined products sales by product group and our average sales price for each of the last three years . refined product sales ( thousands of barrels per day ) 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( thousands of barrels per day )</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>gasoline</td><td>830</td><td>756</td><td>791</td></tr><tr><td>3</td><td>distillates</td><td>357</td><td>375</td><td>377</td></tr><tr><td>4</td><td>propane</td><td>23</td><td>22</td><td>23</td></tr><tr><td>5</td><td>feedstocks and special products</td><td>75</td><td>100</td><td>103</td></tr><tr><td>6</td><td>heavy fuel oil</td><td>24</td><td>23</td><td>29</td></tr><tr><td>7</td><td>asphalt</td><td>69</td><td>76</td><td>87</td></tr><tr><td>8</td><td>total</td><td>1378</td><td>1352</td><td>1410</td></tr><tr><td>9</td><td>average sales price ( dollars per barrel )</td><td>$ 70.86</td><td>$ 109.49</td><td>$ 86.53</td></tr></table> we sell gasoline , gasoline blendstocks and no . 1 and no . 2 fuel oils ( including kerosene , jet fuel and diesel fuel ) to wholesale marketing customers in the midwest , upper great plains , gulf coast and southeastern regions of the united states . we sold 51 percent of our gasoline volumes and 87 percent of our distillates volumes on a wholesale or spot market basis in 2009 . the demand for gasoline is seasonal in many of our markets , with demand typically being at its highest levels during the summer months . we have blended ethanol into gasoline for over 20 years and began expanding our blending program in 2007 , in part due to federal regulations that require us to use specified volumes of renewable fuels . ethanol volumes sold in blended gasoline were 60 mbpd in 2009 , 54 mbpd in 2008 and 40 mbpd in 2007 . the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and by government regulations . we sell reformulated gasoline , which is also blended with ethanol , in parts of our marketing territory , including : chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin , and hartford , illinois . we also sell biodiesel-blended diesel in minnesota , illinois and kentucky . we produce propane at all seven of our refineries . propane is primarily used for home heating and cooking , as a feedstock within the petrochemical industry , for grain drying and as a fuel for trucks and other vehicles . our propane sales are typically split evenly between the home heating market and industrial consumers . we are a producer and marketer of petrochemicals and specialty products . product availability varies by refinery and includes benzene , cumene , dilute naphthalene oil , molten maleic anhydride , molten sulfur , propylene , toluene and xylene . we market propylene , cumene and sulfur domestically to customers in the chemical industry . we sell maleic anhydride throughout the united states and canada . we also have the capacity to produce 1400 tons per day of anode grade coke at our robinson refinery , which is used to make carbon anodes for the aluminum smelting industry , and 5500 tons per day of fuel grade coke at the garyville refinery , which is used for power generation and in miscellaneous industrial applications . in early 2009 , we discontinued production and sales of petroleum pitch and aliphatic solvents at our catlettsburg refinery . we produce and market heavy residual fuel oil or related components at all seven of our refineries . another product of crude oil , heavy residual fuel oil , is primarily used in the utility and ship bunkering ( fuel ) industries , though there are other more specialized uses of the product . we have refinery based asphalt production capacity of up to 108 mbpd . we market asphalt through 33 owned or leased terminals throughout the midwest and southeast . we have a broad customer base , including approximately 675 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers . we sell asphalt in the wholesale and cargo markets via rail and barge . we also produce asphalt cements , polymer modified asphalt , emulsified asphalt and industrial asphalts . in 2007 , we acquired a 35 percent interest in an entity which owns and operates a 110-million-gallon-per-year ethanol production facility in clymers , indiana . we also own a 50 percent interest in an entity which owns a 110-million-gallon-per-year ethanol production facility in greenville , ohio . the greenville plant began production in february 2008 . both of these facilities are managed by a co-owner. .\nQuestion: what is the total ethanol volume sold in blended gasoline in 2009 and 2008?\nAnswer: 114.0\nQuestion: what about in 2007\nAnswer: 40.0\nQuestion: what is the total for all three years?\n"
},
{
"role": "agent",
"content": "154.0"
}
] |
CONVFINQA4234
|
[
{
"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\n57management's discussion and analysis of financial condition and results of operations facility include covenants relating to net interest coverage and total debt-to-book capitalization ratios . the company was in compliance with the terms of the 3-year credit facility at december 31 , 2005 . the company has never borrowed under its domestic revolving credit facilities . utilization of the non-u.s . credit facilities may also be dependent on the company's ability to meet certain conditions at the time a borrowing is requested . contractual obligations , guarantees , and other purchase commitments contractual obligations summarized in the table below are the company's obligations and commitments to make future payments under debt obligations ( assuming earliest possible exercise of put rights by holders ) , lease payment obligations , and purchase obligations as of december 31 , 2005 . payments due by period ( 1 ) ( in millions ) total 2006 2007 2008 2009 2010 thereafter . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>payments due by period ( 1 ) total</td><td>payments due by period ( 1 ) 2006</td><td>payments due by period ( 1 ) 2007</td><td>payments due by period ( 1 ) 2008</td><td>payments due by period ( 1 ) 2009</td><td>payments due by period ( 1 ) 2010</td><td>payments due by period ( 1 ) thereafter</td></tr><tr><td>2</td><td>long-term debt obligations</td><td>$ 4033</td><td>$ 119</td><td>$ 1222</td><td>$ 200</td><td>$ 2</td><td>$ 529</td><td>$ 1961</td></tr><tr><td>3</td><td>lease obligations</td><td>1150</td><td>438</td><td>190</td><td>134</td><td>109</td><td>84</td><td>195</td></tr><tr><td>4</td><td>purchase obligations</td><td>992</td><td>418</td><td>28</td><td>3</td><td>2</td><td>2</td><td>539</td></tr><tr><td>5</td><td>total contractual obligations</td><td>$ 6175</td><td>$ 975</td><td>$ 1440</td><td>$ 337</td><td>$ 113</td><td>$ 615</td><td>$ 2695</td></tr></table> ( 1 ) amounts included represent firm , non-cancelable commitments . debt obligations : at december 31 , 2005 , the company's long-term debt obligations , including current maturities and unamortized discount and issue costs , totaled $ 4.0 billion , as compared to $ 5.0 billion at december 31 , 2004 . a table of all outstanding long-term debt securities can be found in note 4 , \"\"debt and credit facilities'' to the company's consolidated financial statements . as previously discussed , the decrease in the long- term debt obligations as compared to december 31 , 2004 , was due to the redemptions and repurchases of $ 1.0 billion principal amount of outstanding securities during 2005 . also , as previously discussed , the remaining $ 118 million of 7.6% ( 7.6 % ) notes due january 1 , 2007 were reclassified to current maturities of long-term debt . lease obligations : the company owns most of its major facilities , but does lease certain office , factory and warehouse space , land , and information technology and other equipment under principally non-cancelable operating leases . at december 31 , 2005 , future minimum lease obligations , net of minimum sublease rentals , totaled $ 1.2 billion . rental expense , net of sublease income , was $ 254 million in 2005 , $ 217 million in 2004 and $ 223 million in 2003 . purchase obligations : the company has entered into agreements for the purchase of inventory , license of software , promotional agreements , and research and development agreements which are firm commitments and are not cancelable . the longest of these agreements extends through 2015 . total payments expected to be made under these agreements total $ 992 million . commitments under other long-term agreements : the company has entered into certain long-term agreements to purchase software , components , supplies and materials from suppliers . most of the agreements extend for periods of one to three years ( three to five years for software ) . however , generally these agreements do not obligate the company to make any purchases , and many permit the company to terminate the agreement with advance notice ( usually ranging from 60 to 180 days ) . if the company were to terminate these agreements , it generally would be liable for certain termination charges , typically based on work performed and supplier on-hand inventory and raw materials attributable to canceled orders . the company's liability would only arise in the event it terminates the agreements for reasons other than \"\"cause.'' in 2003 , the company entered into outsourcing contracts for certain corporate functions , such as benefit administration and information technology related services . these contracts generally extend for 10 years and are expected to expire in 2013 . the total payments under these contracts are approximately $ 3 billion over 10 years ; however , these contracts can be terminated . termination would result in a penalty substantially less than the annual contract payments . the company would also be required to find another source for these services , including the possibility of performing them in-house . as is customary in bidding for and completing network infrastructure projects and pursuant to a practice the company has followed for many years , the company has a number of performance/bid bonds and standby letters of credit outstanding , primarily relating to projects of government and enterprise mobility solutions segment and the networks segment . these instruments normally have maturities of up to three years and are standard in the .\nQuestion: what is the net change in the total contractual obligations due from 2006 to 2010?\nAnswer: 360.0\nQuestion: what about the amount of total contractual obligations due in 2006?\n"
},
{
"role": "agent",
"content": "975.0"
}
] |
CONVFINQA3245
|
[
{
"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\nbillion at december 31 , 2008 and december 31 , 2007 , respectively . securities and other marketable assets held as collateral amounted to $ 27 billion and $ 54 billion , the majority of which collateral is held to reimburse losses realized under securities lending indemnifications . the decrease from the prior year is in line with the decrease in the notional amount of these indemnifications , which are collateralized . additionally , letters of credit in favor of the company held as collateral amounted to $ 503 million and $ 370 million at december 31 , 2008 and december 31 , 2007 , respectively . other property may also be available to the company to cover losses under certain guarantees and indemnifications ; however , the value of such property has not been determined . performance risk citigroup evaluates the performance risk of its guarantees based on the assigned referenced counterparty internal or external ratings . where external ratings are used , investment-grade ratings are considered to be baa/bbb and above , while anything below is considered non-investment grade . the citigroup internal ratings are in line with the related external rating system . on certain underlying referenced credits or entities , ratings are not available . such referenced credits are included in the 201cnot-rated 201d category . the maximum potential amount of the future payments related to guarantees and credit derivatives sold is determined to be the notional amount of these contracts , which is the par amount of the assets guaranteed . presented in the table below is the maximum potential amount of future payments classified based upon internal and external credit ratings as of december 31 , 2008 . as previously mentioned , the determination of the maximum potential future payments is based on the notional amount of the guarantees without consideration of possible recoveries under recourse provisions or from collateral held or pledged . such amounts bear no relationship to the anticipated losses , if any , on these guarantees. . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>maximum potential amount of future payments investment grade</td><td>maximum potential amount of future payments non-investment grade</td><td>maximum potential amount of future payments not rated</td><td>maximum potential amount of future payments total</td></tr><tr><td>2</td><td>financial standby letters of credit</td><td>$ 49.2</td><td>$ 28.6</td><td>$ 16.4</td><td>$ 94.2</td></tr><tr><td>3</td><td>performance guarantees</td><td>5.7</td><td>5.0</td><td>5.6</td><td>16.3</td></tr><tr><td>4</td><td>derivative instruments deemed to be guarantees</td><td>2014</td><td>2014</td><td>67.9</td><td>67.9</td></tr><tr><td>5</td><td>guarantees of collection of contractual cash flows</td><td>2014</td><td>2014</td><td>0.3</td><td>0.3</td></tr><tr><td>6</td><td>loans sold with recourse</td><td>2014</td><td>2014</td><td>0.3</td><td>0.3</td></tr><tr><td>7</td><td>securities lending indemnifications</td><td>2014</td><td>2014</td><td>47.6</td><td>47.6</td></tr><tr><td>8</td><td>credit card merchant processing</td><td>2014</td><td>2014</td><td>56.7</td><td>56.7</td></tr><tr><td>9</td><td>custody indemnifications and other</td><td>18.5</td><td>3.1</td><td>2014</td><td>21.6</td></tr><tr><td>10</td><td>total</td><td>$ 73.4</td><td>$ 36.7</td><td>$ 194.8</td><td>$ 304.9</td></tr></table> credit derivatives a credit derivative is a bilateral contract between a buyer and a seller under which the seller sells protection against the credit risk of a particular entity ( 201creference entity 201d or 201creference credit 201d ) . credit derivatives generally require that the seller of credit protection make payments to the buyer upon the occurrence of predefined credit events ( commonly referred to as 201csettlement triggers 201d ) . these settlement triggers are defined by the form of the derivative and the reference credit and are generally limited to the market standard of failure to pay on indebtedness and bankruptcy of the reference credit and , in a more limited range of transactions , debt restructuring . credit derivative transactions referring to emerging market reference credits will also typically include additional settlement triggers to cover the acceleration of indebtedness and the risk of repudiation or a payment moratorium . in certain transactions , protection may be provided on a portfolio of referenced credits or asset-backed securities . the seller of such protection may not be required to make payment until a specified amount of losses has occurred with respect to the portfolio and/or may only be required to pay for losses up to a specified amount . the company makes markets in and trades a range of credit derivatives , both on behalf of clients as well as for its own account . through these contracts , the company either purchases or writes protection on either a single name or a portfolio of reference credits . the company uses credit derivatives to help mitigate credit risk in its corporate loan portfolio and other cash positions , to take proprietary trading positions , and to facilitate client transactions . the range of credit derivatives sold includes credit default swaps , total return swaps and credit options . a credit default swap is a contract in which , for a fee , a protection seller ( guarantor ) agrees to reimburse a protection buyer ( beneficiary ) for any losses that occur due to a credit event on a reference entity . if there is no credit default event or settlement trigger , as defined by the specific derivative contract , then the guarantor makes no payments to the beneficiary and receives only the contractually specified fee . however , if a credit event occurs and in accordance with the specific derivative contract sold , the guarantor will be required to make a payment to the beneficiary . a total return swap transfers the total economic performance of a reference asset , which includes all associated cash flows , as well as capital appreciation or depreciation . the protection buyer ( beneficiary ) receives a floating rate of interest and any depreciation on the reference asset from the protection seller ( guarantor ) , and in return the protection seller receives the cash flows associated with the reference asset , plus any appreciation . thus , the beneficiary will be obligated to make a payment any time the floating interest rate payment according to the total return swap agreement and any depreciation of the reference asset exceed the cash flows associated with the underlying asset . a total return swap may terminate upon a default of the reference asset subject to the provisions in the related total return swap agreement between the protection seller ( guarantor ) and the protection buyer ( beneficiary ) . .\nQuestion: what portion of total maximum potential amount of future payments is related to financial standby letters of credit?\n"
},
{
"role": "agent",
"content": "0.30895"
}
] |
CONVFINQA9785
|
[
{
"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 non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 . the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 . the following table details our related mutual fund investment gains and losses ( in millions ) during the past two years. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2009</td><td>change</td></tr><tr><td>2</td><td>other than temporary impairments recognized</td><td>$ -91.3 ( 91.3 )</td><td>$ -36.1 ( 36.1 )</td><td>$ 55.2</td></tr><tr><td>3</td><td>capital gain distributions received</td><td>5.6</td><td>2.0</td><td>-3.6 ( 3.6 )</td></tr><tr><td>4</td><td>net gain ( loss ) realized on fund dispositions</td><td>-4.5 ( 4.5 )</td><td>7.4</td><td>11.9</td></tr><tr><td>5</td><td>net loss recognized on fund holdings</td><td>$ -90.2 ( 90.2 )</td><td>$ -26.7 ( 26.7 )</td><td>$ 63.5</td></tr></table> lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments . there is no impairment of any of our mutual fund investments at december 31 , 2009 . the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 and .9% ( .9 % ) lower than our present estimate of 38.0% ( 38.0 % ) for the 2010 effective tax rate . our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) . 2008 versus 2007 . investment advisory revenues decreased 6.3% ( 6.3 % ) , or $ 118 million , to $ 1.76 billion in 2008 as average assets under our management decreased $ 16 billion to $ 358.2 billion . the average annualized fee rate earned on our assets under management was 49.2 basis points in 2008 , down from the 50.2 basis points earned in 2007 , as lower equity market valuations resulted in a greater percentage of our assets under management being attributable to lower fee fixed income portfolios . continuing stress on the financial markets and resulting lower equity valuations as 2008 progressed resulted in lower average assets under our management , lower investment advisory fees and lower net income as compared to prior periods . net revenues decreased 5% ( 5 % ) , or $ 112 million , to $ 2.12 billion . operating expenses were $ 1.27 billion in 2008 , up 2.9% ( 2.9 % ) or $ 36 million from 2007 . net operating income for 2008 decreased $ 147.9 million , or 14.8% ( 14.8 % ) , to $ 848.5 million . higher operating expenses in 2008 and decreased market valuations during the latter half of 2008 , which lowered our assets under management and advisory revenues , resulted in our 2008 operating margin declining to 40.1% ( 40.1 % ) from 44.7% ( 44.7 % ) in 2007 . non-operating investment losses in 2008 were $ 52.3 million as compared to investment income of $ 80.4 million in 2007 . investment losses in 2008 include non-cash charges of $ 91.3 million for the other than temporary impairment of certain of the firm 2019s investments in sponsored mutual funds . net income in 2008 fell 27% ( 27 % ) or nearly $ 180 million from 2007 . diluted earnings per share , after the retrospective application of new accounting guidance effective in 2009 , decreased to $ 1.81 , down $ .59 or 24.6% ( 24.6 % ) from $ 2.40 in 2007 . a non-operating charge to recognize other than temporary impairments of our sponsored mutual fund investments reduced diluted earnings per share by $ .21 in 2008 . investment advisory revenues earned from the t . rowe price mutual funds distributed in the united states decreased 8.5% ( 8.5 % ) , or $ 114.5 million , to $ 1.24 billion . average mutual fund assets were $ 216.1 billion in 2008 , down $ 16.7 billion from 2007 . mutual fund assets at december 31 , 2008 , were $ 164.4 billion , down $ 81.6 billion from the end of 2007 . net inflows to the mutual funds during 2008 were $ 3.9 billion , including $ 1.9 billion to the money funds , $ 1.1 billion to the bond funds , and $ .9 billion to the stock funds . the value , equity index 500 , and emerging markets stock funds combined to add $ 4.1 billion , while the mid-cap growth and equity income stock funds had net redemptions of $ 2.2 billion . net fund inflows of $ 6.2 billion originated in our target-date retirement funds , which in turn invest in other t . rowe price funds . fund net inflow amounts in 2008 are presented net of $ 1.3 billion that was transferred to target-date trusts from the retirement funds during the year . decreases in market valuations and income not reinvested lowered our mutual fund assets under management by $ 85.5 billion during 2008 . investment advisory revenues earned on the other investment portfolios that we manage decreased $ 3.6 million to $ 522.2 million . average assets in these portfolios were $ 142.1 billion during 2008 , up slightly from $ 141.4 billion in 2007 . these minor changes , each less than 1% ( 1 % ) , are attributable to the timing of declining equity market valuations and cash flows among our separate account and subadvised portfolios . net inflows , primarily from institutional investors , were $ 13.2 billion during 2008 , including the $ 1.3 billion transferred from the retirement funds to target-date trusts . decreases in market valuations , net of income , lowered our assets under management in these portfolios by $ 55.3 billion during 2008 . management 2019s discussion & analysis 21 .\nQuestion: what were investment advisory returns in 2008?\n"
},
{
"role": "agent",
"content": "1.76"
}
] |
CONVFINQA9865
|
[
{
"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\n54| | duke realty corporation annual report 2010 . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net income ( loss ) attributable to common shareholders</td><td>$ -14108 ( 14108 )</td><td>$ -333601 ( 333601 )</td><td>$ 50408</td></tr><tr><td>3</td><td>less : dividends on share-based awards expected to vest</td><td>-2513 ( 2513 )</td><td>-1759 ( 1759 )</td><td>-1631 ( 1631 )</td></tr><tr><td>4</td><td>basic net income ( loss ) attributable to common shareholders</td><td>-16621 ( 16621 )</td><td>-335360 ( 335360 )</td><td>48777</td></tr><tr><td>5</td><td>noncontrolling interest in earnings of common unitholders</td><td>-</td><td>-</td><td>2640</td></tr><tr><td>6</td><td>diluted net income ( loss ) attributable to common shareholders</td><td>$ -16621 ( 16621 )</td><td>$ -335360 ( 335360 )</td><td>$ 51417</td></tr><tr><td>7</td><td>weighted average number of common shares outstanding</td><td>238920</td><td>201206</td><td>146915</td></tr><tr><td>8</td><td>weighted average partnership units outstanding</td><td>-</td><td>-</td><td>7619</td></tr><tr><td>9</td><td>other potential dilutive shares</td><td>-</td><td>-</td><td>19</td></tr><tr><td>10</td><td>weighted average number of common shares and potential dilutive securities</td><td>238920</td><td>201206</td><td>154553</td></tr></table> weighted average number of common shares and potential diluted securities 238920 201206 154553 criteria in fasb asc 360-20 related to the terms of the transactions and any continuing involvement in the form of management or financial assistance from the seller associated with the properties . we make judgments based on the specific terms of each transaction as to the amount of the total profit from the transaction that we recognize considering factors such as continuing ownership interest we may have with the buyer ( 201cpartial sales 201d ) and our level of future involvement with the property or the buyer that acquires the assets . if the full accrual sales criteria are not met , we defer gain recognition and account for the continued operations of the property by applying the finance , installment or cost recovery methods , as appropriate , until the full accrual sales criteria are met . estimated future costs to be incurred after completion of each sale are included in the determination of the gain on sales . to the extent that a property has had operations prior to sale , and that we do not have continuing involvement with the property , gains from sales of depreciated property are included in discontinued operations and the proceeds from the sale of these held-for-rental properties are classified in the investing activities section of the consolidated statements of cash flows . gains or losses from our sale of properties that were developed or repositioned with the intent to sell and not for long-term rental ( 201cbuild-for-sale 201d properties ) are classified as gain on sale of properties in the consolidated statements of operations . other rental properties that do not meet the criteria for presentation as discontinued operations are also classified as gain on sale of properties in the consolidated statements of operations . net income ( loss ) per common share basic net income ( loss ) per common share is computed by dividing net income ( loss ) attributable to common shareholders , less dividends on share- based awards expected to vest , by the weighted average number of common shares outstanding for the period . diluted net income ( loss ) per common share is computed by dividing the sum of basic net income ( loss ) attributable to common shareholders and the noncontrolling interest in earnings allocable to units not owned by us ( to the extent the units are dilutive ) , by the sum of the weighted average number of common shares outstanding and , to the extent they are dilutive , partnership units outstanding , as well as any potential dilutive securities for the period . during the first quarter of 2009 , we adopted a new accounting standard ( fasb asc 260-10 ) on participating securities , which we have applied retrospectively to prior period calculations of basic and diluted earnings per common share . pursuant to this new standard , certain of our share-based awards are considered participating securities because they earn dividend equivalents that are not forfeited even if the underlying award does not vest . the following table reconciles the components of basic and diluted net income ( loss ) per common share ( in thousands ) : .\nQuestion: what was the proportion of basic net income attributable to common shareholders to the diluted net income attributable to common shareholders?\n"
},
{
"role": "agent",
"content": "0.94866"
}
] |
CONVFINQA6738
|
[
{
"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\nhologic , inc . notes to consolidated financial statements 2014 ( continued ) ( in thousands , except per share data ) future minimum lease payments under all the company 2019s operating leases are approximately as follows: . <table class='wikitable'><tr><td>1</td><td>fiscal years ending</td><td>amount</td></tr><tr><td>2</td><td>september 24 2005</td><td>$ 4848</td></tr><tr><td>3</td><td>september 30 2006</td><td>4672</td></tr><tr><td>4</td><td>september 29 2007</td><td>3680</td></tr><tr><td>5</td><td>september 27 2008</td><td>3237</td></tr><tr><td>6</td><td>september 26 2009</td><td>3158</td></tr><tr><td>7</td><td>thereafter</td><td>40764</td></tr><tr><td>8</td><td>total ( not reduced by minimum sublease rentals of $ 165 )</td><td>$ 60359</td></tr></table> the company subleases a portion of its bedford facility and has received rental income of $ 277 , $ 410 and $ 682 for fiscal years 2004 , 2003 and 2002 , respectively , which has been recorded as an offset to rent expense in the accompanying statements of income . rental expense , net of sublease income , was approximately $ 4660 , $ 4963 , and $ 2462 for fiscal 2004 , 2003 and 2002 , respectively . 9 . business segments and geographic information the company reports segment information in accordance with sfas no . 131 , disclosures about segments of an enterprise and related information . operating segments are identified as components of an enterprise about which separate , discrete financial information is available for evaluation by the chief operating decision maker , or decision-making group , in making decisions how to allocate resources and assess performance . the company 2019s chief decision-maker , as defined under sfas no . 131 , is the chief executive officer . to date , the company has viewed its operations and manages its business as four principal operating segments : the manufacture and sale of mammography products , osteoporosis assessment products , digital detectors and other products . as a result of the company 2019s implementation of a company wide integrated software application in fiscal 2003 , identifiable assets for the four principal operating segments only consist of inventories , intangible assets , and property and equipment . the company has presented all other assets as corporate assets . prior periods have been restated to conform to this presentation . intersegment sales and transfers are not significant. .\nQuestion: what was the rental expense in 2004?\n"
},
{
"role": "agent",
"content": "4660.0"
}
] |
CONVFINQA4733
|
[
{
"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 aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 company for an aggregate proceeds of approximately $ 234 million . the company recognized a gain on disposal of $ 6 million , net of tax , during the year ended december 31 , 2010 . ras laffan was previously reported in the asia generation segment . 23 . acquisitions and dispositions acquisitions dpl 2014on november 28 , 2011 , aes completed its acquisition of 100% ( 100 % ) of the common stock of dpl for approximately $ 3.5 billion , pursuant to the terms and conditions of a definitive agreement ( the 201cmerger agreement 201d ) dated april 19 , 2011 . dpl serves over 500000 customers , primarily west central ohio , through its operating subsidiaries dp&l and dpl energy resources ( 201cdpler 201d ) . additionally , dpl operates over 3800 mw of power generation facilities and provides competitive retail energy services to residential , commercial , industrial and governmental customers . the acquisition strengthens the company 2019s u.s . utility operations by expanding in the midwest and pjm , a regional transmission organization serving several eastern states as part of the eastern interconnection . the company expects to benefit from the regional scale provided by indianapolis power & light company , its nearby integrated utility business in indiana . aes funded the aggregate purchase consideration through a combination of the following : 2022 the proceeds from a $ 1.05 billion term loan obtained in may 2011 ; 2022 the proceeds from a private offering of $ 1.0 billion notes in june 2011 ; 2022 temporary borrowings of $ 251 million under its revolving credit facility ; and 2022 the proceeds from private offerings of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( collectively , the 201cnotes 201d ) in october 2011 by dolphin subsidiary ii , inc . ( 201cdolphin ii 201d ) , a wholly-owned special purpose indirect subsidiary of aes , which was merged into dpl upon the completion of acquisition . the fair value of the consideration paid for dpl was as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>agreed enterprise value</td><td>$ 4719</td></tr><tr><td>2</td><td>less : fair value of assumed long-term debt outstanding net</td><td>-1255 ( 1255 )</td></tr><tr><td>3</td><td>cash consideration paid to dpl 2019s common stockholders</td><td>3464</td></tr><tr><td>4</td><td>add : cash paid for outstanding stock-based awards</td><td>19</td></tr><tr><td>5</td><td>total cash consideration paid</td><td>$ 3483</td></tr></table> .\nQuestion: what was the value of acquisition?\n"
},
{
"role": "agent",
"content": "3.5"
}
] |
CONVFINQA3733
|
[
{
"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\nmeet customer needs and put us in a position to handle demand changes . we will also continue utilizing industrial engineering techniques to improve productivity . 2022 fuel prices 2013 uncertainty about the economy makes fuel price projections difficult , and we could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical issues and events , weather conditions and other factors . to reduce the impact of fuel price on earnings , we will continue to seek recovery from our customers through our fuel surcharge programs and to expand our fuel conservation efforts . 2022 capital plan 2013 in 2010 , we plan to make total capital investments of approximately $ 2.5 billion , including expenditures for ptc , which may be revised if business conditions or new laws or regulations affect our ability to generate sufficient returns on these investments . see further discussion in this item 7 under liquidity and capital resources 2013 capital plan . 2022 positive train control ( ptc ) 2013 in response to a legislative mandate to implement ptc by the end of 2015 , we expect to spend approximately $ 200 million during 2010 on the development of ptc . we currently estimate that ptc will cost us approximately $ 1.4 billion to implement by the end of 2015 , in accordance with rules issued by the fra . this includes costs for installing the new system along our tracks , upgrading locomotives to work with the new system , and adding digital data communication equipment so all the parts of the system can communicate with each other . 2022 financial expectations 2013 we remain cautious about economic conditions but expect volume to increase from 2009 levels . in addition , we anticipate continued pricing opportunities and further productivity improvements . results of operations operating revenues millions of dollars 2009 2008 2007 % ( % ) change 2009 v 2008 % ( % ) change 2008 v 2007 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2009</td><td>2008</td><td>2007</td><td>% ( % ) change 2009 v 2008</td><td>% ( % ) change 2008 v 2007</td></tr><tr><td>2</td><td>freight revenues</td><td>$ 13373</td><td>$ 17118</td><td>$ 15486</td><td>( 22 ) % ( % )</td><td>11% ( 11 % )</td></tr><tr><td>3</td><td>other revenues</td><td>770</td><td>852</td><td>797</td><td>-10 ( 10 )</td><td>7</td></tr><tr><td>4</td><td>total</td><td>$ 14143</td><td>$ 17970</td><td>$ 16283</td><td>( 21 ) % ( % )</td><td>10% ( 10 % )</td></tr></table> freight revenues are revenues generated by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as a reduction to freight revenues based on the actual or projected future shipments . we recognize freight revenues on a percentage-of-completion basis as freight moves from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues and volume levels for all six commodity groups decreased during 2009 , reflecting continued economic weakness . we experienced the largest volume declines in automotive and industrial .\nQuestion: what is the total capital investments in 2010, in billions?\nAnswer: 2.5\nQuestion: what about in millions?\nAnswer: 2500.0\nQuestion: what portion of total capital investments is related to development of ptc?\nAnswer: 0.08\nQuestion: what is the net change in net revenue from 2007 to 2008?\n"
},
{
"role": "agent",
"content": "1687.0"
}
] |
CONVFINQA1478
|
[
{
"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\nlong-term product offerings include active and index strategies . our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile . we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction . in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index . index strategies include both our non-etf index products and ishares etfs . although many clients use both active and index strategies , the application of these strategies may differ . for example , clients may use index products to gain exposure to a market or asset class , or may use a combination of index strategies to target active returns . in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2016 equity aum totaled $ 2.657 trillion , reflecting net inflows of $ 51.4 billion . net inflows included $ 74.9 billion into ishares , driven by net inflows into the core ranges and broad developed and emerging market equities . ishares net inflows were partially offset by active and non-etf index net outflows of $ 20.2 billion and $ 3.3 billion , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than u.s . equity strategies . accordingly , fluctuations in international equity markets , which may not consistently move in tandem with u.s . markets , have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2016 at $ 1.572 trillion , reflecting net inflows of $ 120.0 billion . in 2016 , active net inflows of $ 16.6 billion were diversified across fixed income offerings , and included strong inflows from insurance clients . fixed income ishares net inflows of $ 59.9 billion were led by flows into the core ranges , emerging market , high yield and corporate bond funds . non-etf index net inflows of $ 43.4 billion were driven by demand for liability-driven investment solutions . multi-asset blackrock 2019s multi-asset team manages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , bonds , currencies and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . component changes in multi-asset aum for 2016 are presented below . ( in millions ) december 31 , net inflows ( outflows ) market change impact december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>december 312015</td><td>net inflows ( outflows )</td><td>marketchange</td><td>fx impact</td><td>december 312016</td></tr><tr><td>2</td><td>asset allocation and balanced</td><td>$ 185836</td><td>$ -10332 ( 10332 )</td><td>$ 6705</td><td>$ -5534 ( 5534 )</td><td>$ 176675</td></tr><tr><td>3</td><td>target date/risk</td><td>125664</td><td>13500</td><td>10189</td><td>79</td><td>149432</td></tr><tr><td>4</td><td>fiduciary</td><td>64433</td><td>998</td><td>5585</td><td>-2621 ( 2621 )</td><td>68395</td></tr><tr><td>5</td><td>futureadvisor ( 1 )</td><td>403</td><td>61</td><td>41</td><td>2014</td><td>505</td></tr><tr><td>6</td><td>total</td><td>$ 376336</td><td>$ 4227</td><td>$ 22520</td><td>$ -8076 ( 8076 )</td><td>$ 395007</td></tr></table> ( 1 ) the futureadvisor amount does not include aum that was held in ishares holdings . multi-asset net inflows reflected ongoing institutional demand for our solutions-based advice with $ 13.2 billion of net inflows coming from institutional clients . defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 11.3 billion to institutional multi-asset net inflows in 2016 , primarily into target date and target risk product offerings . retail net outflows of $ 9.4 billion were primarily due to outflows from world allocation strategies . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 45% ( 45 % ) of multi-asset aum at year-end . these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget . in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions . flagship products in this category include our global allocation and multi-asset income fund families . 2022 target date and target risk products grew 11% ( 11 % ) organically in 2016 , with net inflows of $ 13.5 billion . institutional investors represented 94% ( 94 % ) of target date and target risk aum , with defined contribution plans accounting for 88% ( 88 % ) of aum . flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings . lifepath products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . 2022 fiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain blackrock to assume responsibility for some or all aspects of plan management . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives. .\nQuestion: what was the target date/risk in 2016?\nAnswer: 149432.0\nQuestion: and what was it in 2015?\nAnswer: 125664.0\nQuestion: what was, then, the change over the year?\nAnswer: 23768.0\nQuestion: what was the target date/risk in 2015?\n"
},
{
"role": "agent",
"content": "125664.0"
}
] |
CONVFINQA3145
|
[
{
"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 new orleans , inc . management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 4.9 million primarily due to lower other operation and maintenance expenses , lower taxes other than income taxes , a lower effective income tax rate , and lower interest expense , partially offset by lower net revenue . 2010 compared to 2009 net income remained relatively unchanged , increasing $ 0.6 million , primarily due to higher net revenue and lower interest expense , almost entirely offset by higher other operation and maintenance expenses , higher taxes other than income taxes , lower other income , and higher depreciation and amortization expenses . net revenue 2011 compared to 2010 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 2011 to 2010 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2010 net revenue</td><td>$ 272.9</td></tr><tr><td>3</td><td>retail electric price</td><td>-16.9 ( 16.9 )</td></tr><tr><td>4</td><td>net gas revenue</td><td>-9.1 ( 9.1 )</td></tr><tr><td>5</td><td>gas cost recovery asset</td><td>-3.0 ( 3.0 )</td></tr><tr><td>6</td><td>volume/weather</td><td>5.4</td></tr><tr><td>7</td><td>other</td><td>-2.3 ( 2.3 )</td></tr><tr><td>8</td><td>2011 net revenue</td><td>$ 247.0</td></tr></table> the retail electric price variance is primarily due to formula rate plan decreases effective october 2010 and october 2011 . see note 2 to the financial statements for a discussion of the formula rate plan filing . the net gas revenue variance is primarily due to milder weather in 2011 compared to 2010 . the gas cost recovery asset variance is primarily due to the recognition in 2010 of a $ 3 million gas operations regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plan case and the amortization of that asset . see note 2 to the financial statements for additional discussion of the formula rate plan settlement. .\nQuestion: what was the net revenue in 2011?\nAnswer: 247.0\nQuestion: what was the net revenue in 2010?\nAnswer: 272.9\nQuestion: what is the difference?\nAnswer: -25.9\nQuestion: what was the retail electric price value?\nAnswer: -16.9\nQuestion: what is that price divided by the difference in revenues?\n"
},
{
"role": "agent",
"content": "0.65251"
}
] |
CONVFINQA9202
|
[
{
"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\ntransfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 . 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 ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs3</td></tr><tr><td>2</td><td>october 1 - 31</td><td>2140511</td><td>$ 20.54</td><td>2139507</td><td>$ 227368014</td></tr><tr><td>3</td><td>november 1 - 30</td><td>1126378</td><td>$ 22.95</td><td>1124601</td><td>$ 201557625</td></tr><tr><td>4</td><td>december 1 - 31</td><td>1881992</td><td>$ 22.97</td><td>1872650</td><td>$ 158553178</td></tr><tr><td>5</td><td>total</td><td>5148881</td><td>$ 21.96</td><td>5136758</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 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 . 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 stock 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 stock repurchase program . 3 in february 2015 , 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 201c2015 share repurchase program 201d ) . on february 12 , 2016 , 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 2015 share repurchase program . there is no expiration date associated with the share repurchase programs. .\nQuestion: what is the total number of shares purchased in october times the average price per share?\nAnswer: 43966095.94\nQuestion: what is that simplified?\n"
},
{
"role": "agent",
"content": "43.9661"
}
] |
CONVFINQA10168
|
[
{
"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./2010 annual report 187 trading assets and liabilities trading assets include debt and equity instruments held for trading purposes that jpmorgan chase owns ( 201clong 201d positions ) , certain loans managed on a fair value basis and for which the firm has elected the fair value option , and physical commodities inventories that are generally accounted for at the lower of cost or fair value . trading liabilities include debt and equity instruments that the firm has sold to other parties but does not own ( 201cshort 201d positions ) . the firm is obligated to purchase instruments at a future date to cover the short positions . included in trading assets and trading liabilities are the reported receivables ( unrealized gains ) and payables ( unre- alized losses ) related to derivatives . trading assets and liabilities are carried at fair value on the consolidated balance sheets . bal- ances reflect the reduction of securities owned ( long positions ) by the amount of securities sold but not yet purchased ( short posi- tions ) when the long and short positions have identical committee on uniform security identification procedures ( 201ccusips 201d ) . trading assets and liabilities 2013average balances average trading assets and liabilities were as follows for the periods indicated. . <table class='wikitable'><tr><td>1</td><td>year ended december 31 ( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>trading assets 2013 debt and equity instruments ( a )</td><td>$ 354441</td><td>$ 318063</td><td>$ 384102</td></tr><tr><td>3</td><td>trading assets 2013 derivative receivables</td><td>84676</td><td>110457</td><td>121417</td></tr><tr><td>4</td><td>trading liabilities 2013 debt and equity instruments ( a ) ( b )</td><td>78159</td><td>60224</td><td>78841</td></tr><tr><td>5</td><td>trading liabilities 2013 derivative payables</td><td>65714</td><td>77901</td><td>93200</td></tr></table> ( a ) balances reflect the reduction of securities owned ( long positions ) by the amount of securities sold , but not yet purchased ( short positions ) when the long and short positions have identical cusips . ( b ) primarily represent securities sold , not yet purchased . note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan com- mitments not previously carried at fair value . elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , cer- tain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrange- ments are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid in- struments ) ; and 2022 better reflect those instruments that are managed on a fair value basis . elections include the following : 2022 loans purchased or originated as part of securitization ware- housing activity , subject to bifurcation accounting , or man- aged on a fair value basis . 2022 securities financing arrangements with an embedded deriva- tive and/or a maturity of greater than one year . 2022 owned beneficial interests in securitized financial assets that contain embedded credit derivatives , which would otherwise be required to be separately accounted for as a derivative in- strument . 2022 certain tax credits and other equity investments acquired as part of the washington mutual transaction . 2022 structured notes issued as part of ib 2019s client-driven activities . ( structured notes are financial instruments that contain em- bedded derivatives. ) 2022 long-term beneficial interests issued by ib 2019s consolidated securitization trusts where the underlying assets are carried at fair value. .\nQuestion: in 2010, what was the ratio of trading assets derivative receivables to the derivative payables?\nAnswer: 1.28855\nQuestion: what was the 2020 net derivative balance, in billions?\n"
},
{
"role": "agent",
"content": "18962.0"
}
] |
CONVFINQA3774
|
[
{
"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 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2012</td><td>2011</td><td>2010</td><td>% ( % ) change 2012 v 2011</td><td>% ( % ) change 2011 v 2010</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 4685</td><td>$ 4681</td><td>$ 4314</td><td>-% ( - % )</td><td>9% ( 9 % )</td></tr><tr><td>3</td><td>fuel</td><td>3608</td><td>3581</td><td>2486</td><td>1</td><td>44</td></tr><tr><td>4</td><td>purchased services and materials</td><td>2143</td><td>2005</td><td>1836</td><td>7</td><td>9</td></tr><tr><td>5</td><td>depreciation</td><td>1760</td><td>1617</td><td>1487</td><td>9</td><td>9</td></tr><tr><td>6</td><td>equipment and other rents</td><td>1197</td><td>1167</td><td>1142</td><td>3</td><td>2</td></tr><tr><td>7</td><td>other</td><td>788</td><td>782</td><td>719</td><td>1</td><td>9</td></tr><tr><td>8</td><td>total</td><td>$ 14181</td><td>$ 13833</td><td>$ 11984</td><td>3% ( 3 % )</td><td>15% ( 15 % )</td></tr></table> operating expenses increased $ 348 million in 2012 versus 2011 . depreciation , wage and benefit inflation , higher fuel prices and volume- related trucking services purchased by our logistics subsidiaries , contributed to higher expenses during the year . efficiency gains , volume related fuel savings ( 2% ( 2 % ) fewer gallons of fuel consumed ) and $ 38 million of weather related expenses in 2011 , which favorably affects the comparison , partially offset the cost increase . operating expenses increased $ 1.8 billion in 2011 versus 2010 . our fuel price per gallon rose 36% ( 36 % ) during 2011 , accounting for $ 922 million of the increase . wage and benefit inflation , volume-related costs , depreciation , and property taxes also contributed to higher expenses . expenses increased $ 20 million for costs related to the flooding in the midwest and $ 18 million due to the impact of severe heat and drought in the south , primarily texas . cost savings from productivity improvements and better resource utilization partially offset these increases . a $ 45 million one-time payment relating to a transaction with csx intermodal , inc ( csxi ) increased operating expenses during the first quarter of 2010 , which favorably affects the comparison of operating expenses in 2011 to those in 2010 . compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs . expenses in 2012 were essentially flat versus 2011 as operational improvements and cost reductions offset general wage and benefit inflation and higher pension and other postretirement benefits . in addition , weather related costs increased these expenses in 2011 . a combination of general wage and benefit inflation , volume-related expenses , higher training costs associated with new hires , additional crew costs due to speed restrictions caused by the midwest flooding and heat and drought in the south , and higher pension expense drove the increase during 2011 compared to 2010 . fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment . higher locomotive diesel fuel prices , which averaged $ 3.22 per gallon ( including taxes and transportation costs ) in 2012 , compared to $ 3.12 in 2011 , increased expenses by $ 105 million . volume , as measured by gross ton-miles , decreased 2% ( 2 % ) in 2012 versus 2011 , driving expense down . the fuel consumption rate was flat year-over-year . higher locomotive diesel fuel prices , which averaged $ 3.12 ( including taxes and transportation costs ) in 2011 , compared to $ 2.29 per gallon in 2010 , increased expenses by $ 922 million . in addition , higher gasoline prices for highway and non-highway vehicles also increased year-over-year . volume , as measured by gross ton-miles , increased 5% ( 5 % ) in 2011 versus 2010 , driving expense up by $ 122 million . purchased services and materials 2013 expense for purchased services and materials includes the costs of services purchased from outside contractors and other service providers ( including equipment 2012 operating expenses .\nQuestion: what was the difference in equipment and other rents expense between 2011 and 2012?\nAnswer: 30.0\nQuestion: and the total operating expenses for 2012?\nAnswer: 14181.0\nQuestion: and in 2011?\nAnswer: 13833.0\nQuestion: so what was the difference between these two years?\n"
},
{
"role": "agent",
"content": "348.0"
}
] |
CONVFINQA1429
|
[
{
"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 2014 , the company closed on thirteen acquisitions of various regulated water and wastewater systems for a total aggregate purchase price of $ 9 . assets acquired , principally plant , totaled $ 17 . liabilities assumed totaled $ 8 , including $ 5 of contributions in aid of construction and assumed debt of $ 2 . during 2013 , the company closed on fifteen acquisitions of various regulated water and wastewater systems for a total aggregate net purchase price of $ 24 . assets acquired , primarily utility plant , totaled $ 67 . liabilities assumed totaled $ 43 , including $ 26 of contributions in aid of construction and assumed debt of $ 13 . included in these totals was the company 2019s november 14 , 2013 acquisition of all of the capital stock of dale service corporation ( 201cdale 201d ) , a regulated wastewater utility company , for a total cash purchase price of $ 5 ( net of cash acquired of $ 7 ) , plus assumed liabilities . the dale acquisition was accounted for as a business combination ; accordingly , operating results from november 14 , 2013 were included in the company 2019s results of operations . the purchase price was allocated to the net tangible and intangible assets based upon their estimated fair values at the date of acquisition . the company 2019s regulatory practice was followed whereby property , plant and equipment ( rate base ) was considered fair value for business combination purposes . similarly , regulatory assets and liabilities acquired were recorded at book value and are subject to regulatory approval where applicable . the acquired debt was valued in a manner consistent with the company 2019s level 3 debt . see note 17 2014fair value of financial instruments . non-cash assets acquired in the dale acquisition , primarily utility plant , totaled $ 41 ; liabilities assumed totaled $ 36 , including debt assumed of $ 13 and contributions of $ 19 . divestitures in november 2014 , the company completed the sale of terratec , previously included in the market-based businesses . after post-close adjustments , net proceeds from the sale totaled $ 1 , and the company recorded a pretax loss on sale of $ 1 . the following table summarizes the operating results of discontinued operations presented in the accompanying consolidated statements of operations for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>operating revenues</td><td>$ 13</td><td>$ 23</td></tr><tr><td>3</td><td>total operating expenses net</td><td>19</td><td>26</td></tr><tr><td>4</td><td>loss from discontinued operations before income taxes</td><td>-6 ( 6 )</td><td>-3 ( 3 )</td></tr><tr><td>5</td><td>provision ( benefit ) for income taxes</td><td>1</td><td>-1 ( 1 )</td></tr><tr><td>6</td><td>loss from discontinued operations net of tax</td><td>$ -7 ( 7 )</td><td>$ -2 ( 2 )</td></tr></table> the provision for income taxes of discontinued operations includes the recognition of tax expense related to the difference between the tax basis and book basis of assets upon the sales of terratec that resulted in taxable gains , since an election was made under section 338 ( h ) ( 10 ) of the internal revenue code to treat the sales as asset sales . there were no assets or liabilities of discontinued operations in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014. .\nQuestion: what were total operating expenses net in 2014?\n"
},
{
"role": "agent",
"content": "19.0"
}
] |
CONVFINQA8570
|
[
{
"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 secondary market same store communities are generally communities in markets with populations of more than 1 million but less than 1% ( 1 % ) of the total public multifamily reit units or markets with populations of less than 1 million that we have owned and have been stabilized for at least a full 12 months . 2022 non-same store communities and other includes recent acquisitions , communities in development or lease-up , communities that have been identified for disposition , and communities that have undergone a significant casualty loss . also included in non-same store communities are non-multifamily activities . on the first day of each calendar year , we determine the composition of our same store operating segments for that year as well as adjust the previous year , which allows us to evaluate full period-over-period operating comparisons . an apartment community in development or lease-up is added to the same store portfolio on the first day of the calendar year after it has been owned and stabilized for at least a full 12 months . communities are considered stabilized after achieving 90% ( 90 % ) occupancy for 90 days . communities that have been identified for disposition are excluded from the same store portfolio . all properties acquired from post properties in the merger remained in the non-same store and other operating segment during 2017 , as the properties were recent acquisitions and had not been owned and stabilized for at least 12 months as of january 1 , 2017 . for additional information regarding our operating segments , see note 14 to the consolidated financial statements included elsewhere in this annual report on form 10-k . acquisitions one of our growth strategies is to acquire apartment communities that are located in various large or secondary markets primarily throughout the southeast and southwest regions of the united states . acquisitions , along with dispositions , help us achieve and maintain our desired product mix , geographic diversification and asset allocation . portfolio growth allows for maximizing the efficiency of the existing management and overhead structure . we have extensive experience in the acquisition of multifamily communities . we will continue to evaluate opportunities that arise , and we will utilize this strategy to increase our number of apartment communities in strong and growing markets . we acquired the following apartment communities during the year ended december 31 , 2017: . <table class='wikitable'><tr><td>1</td><td>community</td><td>market</td><td>units</td><td>closing date</td></tr><tr><td>2</td><td>charlotte at midtown</td><td>nashville tn</td><td>279</td><td>march 16 2017</td></tr><tr><td>3</td><td>acklen west end</td><td>nashville tn</td><td>320</td><td>december 28 2017</td></tr></table> dispositions we sell apartment communities and other assets that no longer meet our long-term strategy or when market conditions are favorable , and we redeploy the proceeds from those sales to acquire , develop and redevelop additional apartment communities and rebalance our portfolio across or within geographic regions . dispositions also allow us to realize a portion of the value created through our investments and provide additional liquidity . we are then able to redeploy the net proceeds from our dispositions in lieu of raising additional capital . in deciding to sell an apartment community , we consider current market conditions and generally solicit competing bids from unrelated parties for these individual assets , considering the sales price and other key terms of each proposal . we also consider portfolio dispositions when such a structure is useful to maximize proceeds and efficiency of execution . during the year ended december 31 , 2017 , we disposed of five multifamily properties totaling 1760 units and four land parcels totaling approximately 23 acres . development as another part of our growth strategy , we invest in a limited number of development projects . development activities may be conducted through wholly-owned affiliated companies or through joint ventures with unaffiliated parties . fixed price construction contracts are signed with unrelated parties to minimize construction risk . we typically manage the leasing portion of the project as units become available for lease . we may also engage in limited expansion development opportunities on existing communities in which we typically serve as the developer . while we seek opportunistic new development investments offering attractive long-term investment returns , we intend to maintain a total development commitment that we consider modest in relation to our total balance sheet and investment portfolio . during the year ended december 31 , 2017 , we incurred $ 170.1 million in development costs and completed 7 development projects. .\nQuestion: what was the number of units acquired in the community of charlotte at midtown?\nAnswer: 279.0\nQuestion: what was it for the community of acklen west end?\nAnswer: 320.0\nQuestion: what was, then, the total sum of units acquired during that year?\n"
},
{
"role": "agent",
"content": "599.0"
}
] |
CONVFINQA1124
|
[
{
"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\nother expense , net increased $ 0.8 million to $ 7.2 million in 2015 from $ 6.4 million in 2014 . this increase was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in foreign currencies and our foreign currency derivative financial instruments in 2015 . provision for income taxes increased $ 19.9 million to $ 154.1 million in 2015 from $ 134.2 million in 2014 . our effective tax rate was 39.9% ( 39.9 % ) in 2015 compared to 39.2% ( 39.2 % ) in 2014 . our effective tax rate for 2015 was higher than the effective tax rate for 2014 primarily due to increased non-deductible costs incurred in connection with our connected fitness acquisitions in 2015 . year ended december 31 , 2014 compared to year ended december 31 , 2013 net revenues increased $ 752.3 million , or 32.3% ( 32.3 % ) , to $ 3084.4 million in 2014 from $ 2332.1 million in 2013 . net revenues by product category are summarized below: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2014</td><td>year ended december 31 , 2013</td><td>year ended december 31 , $ change</td><td>year ended december 31 , % ( % ) change</td></tr><tr><td>2</td><td>apparel</td><td>$ 2291520</td><td>$ 1762150</td><td>$ 529370</td><td>30.0% ( 30.0 % )</td></tr><tr><td>3</td><td>footwear</td><td>430987</td><td>298825</td><td>132162</td><td>44.2</td></tr><tr><td>4</td><td>accessories</td><td>275409</td><td>216098</td><td>59311</td><td>27.4</td></tr><tr><td>5</td><td>total net sales</td><td>2997916</td><td>2277073</td><td>720843</td><td>31.7</td></tr><tr><td>6</td><td>license revenues</td><td>67229</td><td>53910</td><td>13319</td><td>24.7</td></tr><tr><td>7</td><td>connected fitness</td><td>19225</td><td>1068</td><td>18157</td><td>1700.1</td></tr><tr><td>8</td><td>total net revenues</td><td>$ 3084370</td><td>$ 2332051</td><td>$ 752319</td><td>32.3% ( 32.3 % )</td></tr></table> the increase in net sales were driven primarily by : 2022 apparel unit sales growth and new offerings in multiple lines led by training , hunt and golf ; and 2022 footwear unit sales growth , led by running and basketball . license revenues increased $ 13.3 million , or 24.7% ( 24.7 % ) , to $ 67.2 million in 2014 from $ 53.9 million in 2013 . this increase in license revenues was primarily a result of increased distribution and continued unit volume growth by our licensees . connected fitness revenue increased $ 18.1 million to $ 19.2 million in 2014 from $ 1.1 million in 2013 primarily due to a full year of revenue from our connected fitness business in 2014 compared to one month in gross profit increased $ 375.5 million to $ 1512.2 million in 2014 from $ 1136.7 million in 2013 . gross profit as a percentage of net revenues , or gross margin , increased 30 basis points to 49.0% ( 49.0 % ) in 2014 compared to 48.7% ( 48.7 % ) in 2013 . the increase in gross margin percentage was primarily driven by the following : 2022 approximate 20 basis point increase driven primarily by decreased sales mix of excess inventory through our factory house outlet stores ; and 2022 approximate 20 basis point increase as a result of higher duty costs recorded during the prior year on certain products imported in previous years . the above increases were partially offset by : 2022 approximate 10 basis point decrease by unfavorable foreign currency exchange rate fluctuations. .\nQuestion: what was the net change in the value of sales revenues of apparel from 2013 to 2014?\n"
},
{
"role": "agent",
"content": "529370.0"
}
] |
CONVFINQA10585
|
[
{
"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 ) of certain of its assets and liabilities under its interest rate swap agreements held as of december 31 , 2006 and entered into during the first half of 2007 . in addition , the company paid $ 8.0 million related to a treasury rate lock agreement entered into and settled during the year ended december 31 , 2008 . the cost of the treasury rate lock is being recognized as additional interest expense over the 10-year term of the 7.00% ( 7.00 % ) notes . during the year ended december 31 , 2007 , the company also received $ 3.1 million in cash upon settlement of the assets and liabilities under ten forward starting interest rate swap agreements with an aggregate notional amount of $ 1.4 billion , which were designated as cash flow hedges to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the certificates issued in the securitization in may 2007 . the settlement is being recognized as a reduction in interest expense over the five-year period for which the interest rate swaps were designated as hedges . the company also received $ 17.0 million in cash upon settlement of the assets and liabilities under thirteen additional interest rate swap agreements with an aggregate notional amount of $ 850.0 million that managed exposure to variability of interest rates under the credit facilities but were not considered cash flow hedges for accounting purposes . this gain is included in other income in the accompanying consolidated statement of operations for the year ended december 31 , 2007 . as of december 31 , 2008 and 2007 , other comprehensive ( loss ) income included the following items related to derivative financial instruments ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>deferred loss on the settlement of the treasury rate lock net of tax</td><td>$ -4332 ( 4332 )</td><td>$ -4901 ( 4901 )</td></tr><tr><td>3</td><td>deferred gain on the settlement of interest rate swap agreements entered into in connection with the securitization net oftax</td><td>1238</td><td>1636</td></tr><tr><td>4</td><td>unrealized losses related to interest rate swap agreements net of tax</td><td>-16349 ( 16349 )</td><td>-486 ( 486 )</td></tr></table> during the years ended december 31 , 2008 and 2007 , the company recorded an aggregate net unrealized loss of approximately $ 15.8 million and $ 3.2 million , respectively ( net of a tax provision of approximately $ 10.2 million and $ 2.0 million , respectively ) in other comprehensive loss for the change in fair value of interest rate swaps designated as cash flow hedges and reclassified an aggregate of $ 0.1 million and $ 6.2 million , respectively ( net of an income tax provision of $ 2.0 million and an income tax benefit of $ 3.3 million , respectively ) into results of operations . 9 . fair valuemeasurements the company determines the fair market values of its financial instruments based on the fair value hierarchy established in sfas no . 157 , which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value . the standard describes three levels of inputs that may be used to measure fair value . level 1 quoted prices in active markets for identical assets or liabilities that the company has the ability to access at the measurement date . the company 2019s level 1 assets consist of available-for-sale securities traded on active markets as well as certain brazilian treasury securities that are highly liquid and are actively traded in over-the-counter markets . level 2 observable inputs other than level 1 prices , such as quoted prices for similar assets or liabilities ; quoted prices in markets that are not active ; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. .\nQuestion: in the year of 2008, what was the aggregate net unrealized loss, including the net of a tax provision?\nAnswer: 26.0\nQuestion: and from 2007 to that year, what was the change in the unrealized losses related to interest rate swap agreements net of tax?\n"
},
{
"role": "agent",
"content": "-15863.0"
}
] |
CONVFINQA3697
|
[
{
"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 details the impairment charge resulting from our review ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended may 31 2009</td></tr><tr><td>2</td><td>goodwill</td><td>$ 136800</td></tr><tr><td>3</td><td>trademark</td><td>10000</td></tr><tr><td>4</td><td>other long-lived assets</td><td>864</td></tr><tr><td>5</td><td>total</td><td>$ 147664</td></tr></table> net income attributable to noncontrolling interests , net of tax noncontrolling interest , net of tax increased $ 28.9 million from $ 8.1 million fiscal 2008 . the increase was primarily related to our acquisition of a 51% ( 51 % ) majority interest in hsbc merchant services , llp on june 30 , net income attributable to global payments and diluted earnings per share during fiscal 2009 we reported net income of $ 37.2 million ( $ 0.46 diluted earnings per share ) . liquidity and capital resources a significant portion of our liquidity comes from operating cash flows , which are generally sufficient to fund operations , planned capital expenditures , debt service and various strategic investments in our business . cash flow from operations is used to make planned capital investments in our business , to pursue acquisitions that meet our corporate objectives , to pay dividends , and to pay off debt and repurchase our shares at the discretion of our board of directors . accumulated cash balances are invested in high-quality and marketable short term instruments . our capital plan objectives are to support the company 2019s operational needs and strategic plan for long term growth while maintaining a low cost of capital . lines of credit are used in certain of our markets to fund settlement and as a source of working capital and , along with other bank financing , to fund acquisitions . we regularly evaluate our liquidity and capital position relative to cash requirements , and we may elect to raise additional funds in the future , either through the issuance of debt , equity or otherwise . at may 31 , 2010 , we had cash and cash equivalents totaling $ 769.9 million . of this amount , we consider $ 268.1 million to be available cash , which generally excludes settlement related and merchant reserve cash balances . settlement related cash balances represent surplus funds that we hold on behalf of our member sponsors when the incoming amount from the card networks precedes the member sponsors 2019 funding obligation to the merchant . merchant reserve cash balances represent funds collected from our merchants that serve as collateral ( 201cmerchant reserves 201d ) to minimize contingent liabilities associated with any losses that may occur under the merchant agreement . at may 31 , 2010 , our cash and cash equivalents included $ 199.4 million related to merchant reserves . while this cash is not restricted in its use , we believe that designating this cash to collateralize merchant reserves strengthens our fiduciary standing with our member sponsors and is in accordance with the guidelines set by the card networks . see cash and cash equivalents and settlement processing assets and obligations under note 1 in the notes to the consolidated financial statements for additional details . net cash provided by operating activities increased $ 82.8 million to $ 465.8 million for fiscal 2010 from the prior year . income from continuing operations increased $ 16.0 million and we had cash provided by changes in working capital of $ 60.2 million . the working capital change was primarily due to the change in net settlement processing assets and obligations of $ 80.3 million and the change in accounts receivable of $ 13.4 million , partially offset by the change .\nQuestion: what was the change in the net cash provided by operating activities from 2009 to 2010?\n"
},
{
"role": "agent",
"content": "383.0"
}
] |
CONVFINQA1798
|
[
{
"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\nfuture minimum lease commitments for office premises and equipment under non-cancelable leases , along with minimum sublease rental income to be received under non-cancelable subleases , are as follows : period rent obligations sublease rental income net rent . <table class='wikitable'><tr><td>1</td><td>period</td><td>rent obligations</td><td>sublease rental income</td><td>net rent</td></tr><tr><td>2</td><td>2008</td><td>$ 323.9</td><td>$ -40.9 ( 40.9 )</td><td>$ 283.0</td></tr><tr><td>3</td><td>2009</td><td>300.9</td><td>-37.5 ( 37.5 )</td><td>263.4</td></tr><tr><td>4</td><td>2010</td><td>267.7</td><td>-31.0 ( 31.0 )</td><td>236.7</td></tr><tr><td>5</td><td>2011</td><td>233.7</td><td>-25.7 ( 25.7 )</td><td>208.0</td></tr><tr><td>6</td><td>2012</td><td>197.9</td><td>-20.2 ( 20.2 )</td><td>177.7</td></tr><tr><td>7</td><td>2013 and thereafter</td><td>871.0</td><td>-33.1 ( 33.1 )</td><td>837.9</td></tr><tr><td>8</td><td>total</td><td>$ 2195.1</td><td>$ -188.4 ( 188.4 )</td><td>$ 2006.7</td></tr></table> guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases . the amount of such parent company guarantees was $ 327.1 and $ 327.9 as of december 31 , 2007 and 2006 , 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 , 2007 , there are no material assets pledged as security for such parent company guarantees . contingent acquisition obligations we have structured certain acquisitions with additional contingent purchase price obligations in order to reduce the potential risk associated with negative future performance of the acquired entity . in addition , we have entered into agreements that may require us to purchase additional equity interests in certain consolidated and unconsolidated subsidiaries . the amounts relating to these transactions are based on estimates of the future financial performance of the acquired entity , the timing of the exercise of these rights , changes in foreign currency exchange rates and other factors . we have not recorded a liability for these items since the definitive amounts payable are not determinable or distributable . when the contingent acquisition obligations have been met and consideration is determinable and distributable , we record the fair value of this consideration as an additional cost of the acquired entity . however , we recognize deferred payments and purchases of additional interests after the effective date of purchase that are contingent upon the future employment of owners as compensation expense . compensation expense is determined based on the terms and conditions of the respective acquisition agreements and employment terms of the former owners of the acquired businesses . this future expense will not be allocated to the assets and liabilities acquired and is amortized over the required employment terms of the former owners . the following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid under the options , in the event of exercise at the earliest exercise date . all payments are contingent upon achieving projected operating performance targets and satisfying other notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) .\nQuestion: what was the parent company gaurantees as of 12/31/07?\nAnswer: 327.1\nQuestion: and as of 12/31/06?\nAnswer: 327.9\nQuestion: combined, what is the total value in these two years?\n"
},
{
"role": "agent",
"content": "655.0"
}
] |
CONVFINQA10482
|
[
{
"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 goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in connection with the firm 2019s prime brokerage and clearing businesses , the firm agrees to clear and settle on behalf of its clients the transactions entered into by them with other brokerage firms . the firm 2019s obligations in respect of such transactions are secured by the assets in the client 2019s account as well as any proceeds received from the transactions cleared and settled by the firm on behalf of the client . in connection with joint venture investments , the firm may issue loan guarantees under which it may be liable in the event of fraud , misappropriation , environmental liabilities and certain other matters involving the borrower . the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications . however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 . other representations , warranties and indemnifications . the firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties . the firm may also provide indemnifications protecting against changes in or adverse application of certain u.s . tax laws in connection with ordinary-course transactions such as securities issuances , borrowings or derivatives . in addition , the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld , due either to a change in or an adverse application of certain non-u.s . tax laws . these indemnifications generally are standard contractual terms and are entered into in the ordinary course of business . generally , there are no stated or notional amounts included in these indemnifications , and the contingencies triggering the obligation to indemnify are not expected to occur . the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications . however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these arrangements have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 . guarantees of subsidiaries . group inc . fully and unconditionally guarantees the securities issued by gs finance corp. , a wholly-owned finance subsidiary of the group inc . has guaranteed the payment obligations of goldman , sachs & co . ( gs&co. ) and gs bank usa , subject to certain exceptions . in addition , group inc . guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by- transaction basis , as negotiated with counterparties . group inc . is unable to develop an estimate of the maximum payout under its subsidiary guarantees ; however , because these guaranteed obligations are also obligations of consolidated subsidiaries , group inc . 2019s liabilities as guarantor are not separately disclosed . note 19 . shareholders 2019 equity common equity dividends declared per common share were $ 2.60 in 2016 , $ 2.55 in 2015 and $ 2.25 in 2014 . on january 17 , 2017 , group inc . declared a dividend of $ 0.65 per common share to be paid on march 30 , 2017 to common shareholders of record on march 2 , 2017 . the firm 2019s share repurchase program is intended to help maintain the appropriate level of common equity . the share repurchase program is effected primarily through regular open-market purchases ( which may include repurchase plans designed to comply with rule 10b5-1 ) , the amounts and timing of which are determined primarily by the firm 2019s current and projected capital position , but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm 2019s common stock . prior to repurchasing common stock , the firm must receive confirmation that the federal reserve board does not object to such capital actions . the table below presents the amount of common stock repurchased by the firm under the share repurchase program. . <table class='wikitable'><tr><td>1</td><td>in millions except per share amounts</td><td>year ended december 2016</td><td>year ended december 2015</td><td>year ended december 2014</td></tr><tr><td>2</td><td>common share repurchases</td><td>36.6</td><td>22.1</td><td>31.8</td></tr><tr><td>3</td><td>average cost per share</td><td>$ 165.88</td><td>$ 189.41</td><td>$ 171.79</td></tr><tr><td>4</td><td>total cost of common share repurchases</td><td>$ 6069</td><td>$ 4195</td><td>$ 5469</td></tr></table> 172 goldman sachs 2016 form 10-k .\nQuestion: what is the common equity dividends declared per common share in 2016?\nAnswer: 2.6\nQuestion: what about in 2015?\n"
},
{
"role": "agent",
"content": "2.55"
}
] |
CONVFINQA2370
|
[
{
"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 grant date fair value of performance-based restricted stock units granted during the years 2008 and 2007 was $ 84.33 and $ 71.72 , respectively . the total fair value of performance-based restricted stock units vested during 2009 , 2008 and 2007 was $ 33712 , $ 49387 and $ 9181 , respectively . at september 30 , 2009 , the weighted average remaining vesting term of performance-based restricted stock units is 1.28 years . time-vested restricted stock units time-vested restricted stock units generally cliff vest three years after the date of grant , except for certain key executives of the company , including the executive officers , for which such units generally vest one year following the employee 2019s retirement . the related share-based compensation expense is recorded over the requisite service period , which is the vesting period or in the case of certain key executives is based on retirement eligibility . the fair value of all time-vested restricted stock units is based on the market value of the company 2019s stock on the date of grant . a summary of time-vested restricted stock units outstanding as of september 30 , 2009 , and changes during the year then ended is as follows : weighted average grant date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>stock units</td><td>weighted average grant date fair value</td></tr><tr><td>2</td><td>balance at october 1</td><td>1570329</td><td>$ 69.35</td></tr><tr><td>3</td><td>granted</td><td>618679</td><td>62.96</td></tr><tr><td>4</td><td>distributed</td><td>-316839 ( 316839 )</td><td>60.32</td></tr><tr><td>5</td><td>forfeited or canceled</td><td>-165211 ( 165211 )</td><td>62.58</td></tr><tr><td>6</td><td>balance at september 30</td><td>1706958</td><td>$ 69.36</td></tr><tr><td>7</td><td>expected to vest at september 30</td><td>1536262</td><td>$ 69.36</td></tr></table> the weighted average grant date fair value of time-vested restricted stock units granted during the years 2008 and 2007 was $ 84.42 and $ 72.20 , respectively . the total fair value of time-vested restricted stock units vested during 2009 , 2008 and 2007 was $ 29535 , $ 26674 and $ 3392 , respectively . at september 30 , 2009 , the weighted average remaining vesting term of the time-vested restricted stock units is 1.71 years . the amount of unrecognized compensation expense for all non-vested share-based awards as of september 30 , 2009 , is approximately $ 97034 , which is expected to be recognized over a weighted-average remaining life of approximately 2.02 years . at september 30 , 2009 , 4295402 shares were authorized for future grants under the 2004 plan . the company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury . at september 30 , 2009 , the company has sufficient shares held in treasury to satisfy these payments in 2010 . other stock plans the company has a stock award plan , which allows for grants of common shares to certain key employees . distribution of 25% ( 25 % ) or more of each award is deferred until after retirement or involuntary termination , upon which the deferred portion of the award is distributable in five equal annual installments . the balance of the award is distributable over five years from the grant date , subject to certain conditions . in february 2004 , this plan was terminated with respect to future grants upon the adoption of the 2004 plan . at september 30 , 2009 and 2008 , awards for 114197 and 161145 shares , respectively , were outstanding . becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what is the positive sum of distributed and forfeited or canceled shares in 2009?\n"
},
{
"role": "agent",
"content": "482050.0"
}
] |
CONVFINQA3972
|
[
{
"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 the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>year ended december 2012</td><td>year ended december 2011</td><td>year ended december 2010</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 9914</td><td>$ 9018</td><td>$ 13707</td></tr><tr><td>3</td><td>equities client execution1</td><td>3171</td><td>3031</td><td>3231</td></tr><tr><td>4</td><td>commissions and fees</td><td>3053</td><td>3633</td><td>3426</td></tr><tr><td>5</td><td>securities services</td><td>1986</td><td>1598</td><td>1432</td></tr><tr><td>6</td><td>total equities</td><td>8210</td><td>8262</td><td>8089</td></tr><tr><td>7</td><td>total net revenues</td><td>18124</td><td>17280</td><td>21796</td></tr><tr><td>8</td><td>operating expenses</td><td>12480</td><td>12837</td><td>14994</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 5644</td><td>$ 4443</td><td>$ 6802</td></tr></table> 1 . includes net revenues related to reinsurance of $ 1.08 billion , $ 880 million and $ 827 million for the years ended december 2012 , december 2011 and december 2010 , respectively . 2012 versus 2011 . net revenues in institutional client services were $ 18.12 billion for 2012 , 5% ( 5 % ) higher than 2011 . net revenues in fixed income , currency and commodities client execution were $ 9.91 billion for 2012 , 10% ( 10 % ) higher than 2011 . these results reflected strong net revenues in mortgages , which were significantly higher compared with 2011 . in addition , net revenues in credit products and interest rate products were solid and higher compared with 2011 . these increases were partially offset by significantly lower net revenues in commodities and slightly lower net revenues in currencies . although broad market concerns persisted during 2012 , fixed income , currency and commodities client execution operated in a generally improved environment characterized by tighter credit spreads and less challenging market-making conditions compared with 2011 . net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 . net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of approximately $ 500 million on the sale of our hedge fund administration business . in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity . these increases were offset by lower commissions and fees , reflecting lower market volumes . during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels . the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 . during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions . these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions . in addition , the u.s . economy posted stable to improving economic data , including favorable developments in unemployment and housing . these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility . however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels . also , uncertainty over financial regulatory reform persisted . if these concerns and uncertainties continue over the long term , net revenues in fixed income , currency and commodities client execution and equities would likely be negatively impacted . operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings . pre-tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 . 2011 versus 2010 . net revenues in institutional client services were $ 17.28 billion for 2011 , 21% ( 21 % ) lower than 2010 . net revenues in fixed income , currency and commodities client execution were $ 9.02 billion for 2011 , 34% ( 34 % ) lower than 2010 . although activity levels during 2011 were generally consistent with 2010 levels , and results were solid during the first quarter of 2011 , the environment during the remainder of 2011 was characterized by broad market concerns and uncertainty , resulting in volatile markets and significantly wider credit spreads , which contributed to difficult market-making conditions and led to reductions in risk by us and our clients . as a result of these conditions , net revenues across the franchise were lower , including significant declines in mortgages and credit products , compared with 2010 . 54 goldman sachs 2012 annual report .\nQuestion: what percent higher were net revenues in institutional clients in 2012 than 2011?\nAnswer: 5.0\nQuestion: what is 100 less that?\nAnswer: 95.0\nQuestion: what was the value of net revenues in 2012?\nAnswer: 18.12\nQuestion: what is that times the 95%?\nAnswer: 1721.4\nQuestion: what is that divided by 100?\n"
},
{
"role": "agent",
"content": "17.214"
}
] |
CONVFINQA4882
|
[
{
"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\nloss on the contract may be recorded , if necessary , and any remaining deferred implementation revenues would typically be recognized over the remaining service period through the termination date . in connection with our long-term outsourcing service agreements , highly customized implementation efforts are often necessary to set up clients and their human resource or benefit programs on our systems and operating processes . for outsourcing services sold separately or accounted for as a separate unit of accounting , specific , incremental and direct costs of implementation incurred prior to the services commencing are generally deferred and amortized over the period that the related ongoing services revenue is recognized . deferred costs are assessed for recoverability on a periodic basis to the extent the deferred cost exceeds related deferred revenue . pensions we sponsor defined benefit pension plans throughout the world . our most significant plans are located in the u.s. , the u.k. , the netherlands and canada . our significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants . we have ceased crediting future benefits relating to salary and service for our u.s. , u.k. , netherlands and canadian plans to the extent statutorily permitted . in 2016 , we estimate pension and post-retirement net periodic benefit cost for major plans to increase by $ 15 million to a benefit of approximately $ 54 million . the increase in the benefit is primarily due to a change in our approach to measuring service and interest cost . effective december 31 , 2015 and for 2016 expense , we have elected to utilize a full yield curve approach in the estimation of the service and interest cost components of net periodic pension and post-retirement benefit cost for our major pension and other post-retirement benefit plans by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows . in 2015 and prior years , we estimated these components of net periodic pension and post-retirement benefit cost by applying a single weighted-average discount rate , derived from the yield curve used to measure the benefit obligation at the beginning of the period . we have made this change to improve the correlation between projected benefit cash flows and the corresponding yield curve spot rates and to provide a more precise measurement of service and interest costs . this change does not affect the measurement of the projected benefit obligation as the change in the service cost and interest cost is completely offset in the actuarial ( gain ) loss recorded in other comprehensive income . we accounted for this change as a change in estimate and , accordingly , will account for it prospectively . recognition of gains and losses and prior service certain changes in the value of the obligation and in the value of plan assets , which may occur due to various factors such as changes in the discount rate and actuarial assumptions , actual demographic experience and/or plan asset performance are not immediately recognized in net income . such changes are recognized in other comprehensive income and are amortized into net income as part of the net periodic benefit cost . unrecognized gains and losses that have been deferred in other comprehensive income , as previously described , are amortized into compensation and benefits expense as a component of periodic pension expense based on the average life expectancy of the u.s. , the netherlands , canada , and u.k . plan members . we amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses . as of december 31 , 2015 , our pension plans have deferred losses that have not yet been recognized through income in the consolidated financial statements . we amortize unrecognized actuarial losses outside of a corridor , which is defined as 10% ( 10 % ) of the greater of market-related value of plan assets or projected benefit obligation . to the extent not offset by future gains , incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized . the following table discloses our unrecognized actuarial gains and losses , the number of years over which we are amortizing the experience loss , and the estimated 2016 amortization of loss by country ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.k .</td><td>u.s .</td><td>other</td></tr><tr><td>2</td><td>unrecognized actuarial gains and losses</td><td>$ 1511</td><td>$ 1732</td><td>$ 382</td></tr><tr><td>3</td><td>amortization period ( in years )</td><td>10 - 32</td><td>7 - 28</td><td>15 - 41</td></tr><tr><td>4</td><td>estimated 2016 amortization of loss</td><td>$ 37</td><td>$ 52</td><td>$ 10</td></tr></table> the unrecognized prior service cost ( income ) at december 31 , 2015 was $ 9 million , $ 46 million , and $ ( 7 ) million in the u.s. , u.k . and other plans , respectively . for the u.s . pension plans we use a market-related valuation of assets approach to determine the expected return on assets , which is a component of net periodic benefit cost recognized in the consolidated statements of income . this approach .\nQuestion: what was the total unrecognized prior service cost ( income ) at december 31 , 2015 for both the us and the uk, combined?\n"
},
{
"role": "agent",
"content": "55.0"
}
] |
CONVFINQA7959
|
[
{
"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\nissuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2012 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) amount available for future share repurchases the program ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced program ( a )</td><td>amount available for future share repurchases under the program ( b ) ( in millions )</td></tr><tr><td>2</td><td>october 1 2012 2013 october 28 2012</td><td>842445</td><td>$ 93.38</td><td>842445</td><td>$ 2522</td></tr><tr><td>3</td><td>october 29 2012 2013 november 25 2012</td><td>872973</td><td>90.86</td><td>872973</td><td>2443</td></tr><tr><td>4</td><td>november 26 2012 2013 december 31 2012</td><td>1395288</td><td>92.02</td><td>1395288</td><td>2315</td></tr><tr><td>5</td><td>total</td><td>3110706</td><td>$ 92.07</td><td>3110706</td><td>$ 2315</td></tr></table> ( a ) we repurchased a total of 3.1 million shares of our common stock for $ 286 million during the quarter ended december 31 , 2012 under a share repurchase program that we announced in october 2010 . ( b ) our board of directors has approved a share repurchase program for the repurchase of our common stock from time-to-time , authorizing an amount available for share repurchases of $ 6.5 billion . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . the program does not have an expiration date . as of december 31 , 2012 , we had repurchased a total of 54.3 million shares under the program for $ 4.2 billion. .\nQuestion: what were the number of shares repurchased during december 2012?\nAnswer: 1395288.0\nQuestion: what was the average price per share?\nAnswer: 92.02\nQuestion: what is the product of shares and price per share?\n"
},
{
"role": "agent",
"content": "128394401.76"
}
] |
CONVFINQA8489
|
[
{
"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 the consolidated financial statements competitive environment and general economic and business conditions , among other factors . pullmantur is a brand targeted primarily at the spanish , portu- guese and latin american markets and although pullmantur has diversified its passenger sourcing over the past few years , spain still represents pullmantur 2019s largest market . as previously disclosed , during 2012 european economies continued to demonstrate insta- bility in light of heightened concerns over sovereign debt issues as well as the impact of proposed auster- ity measures on certain markets . the spanish econ- omy was more severely impacted than many other economies and there is significant uncertainty as to when it will recover . in addition , the impact of the costa concordia incident has had a more lingering effect than expected and the impact in future years is uncertain . these factors were identified in the past as significant risks which could lead to the impairment of pullmantur 2019s goodwill . more recently , the spanish economy has progressively worsened and forecasts suggest the challenging operating environment will continue for an extended period of time . the unemployment rate in spain reached 26% ( 26 % ) during the fourth quarter of 2012 and is expected to rise further in 2013 . the international monetary fund , which had projected gdp growth of 1.8% ( 1.8 % ) a year ago , revised its 2013 gdp projections downward for spain to a contraction of 1.3% ( 1.3 % ) during the fourth quarter of 2012 and further reduced it to a contraction of 1.5% ( 1.5 % ) in january of 2013 . during the latter half of 2012 new austerity measures , such as increases to the value added tax , cuts to benefits , the phasing out of exemptions and the suspension of government bonuses , were implemented by the spanish government . we believe these austerity measures are having a larger impact on consumer confidence and discretionary spending than previously anticipated . as a result , there has been a significant deterioration in bookings from guests sourced from spain during the 2013 wave season . the combination of all of these factors has caused us to negatively adjust our cash flow projections , especially our closer-in net yield assumptions and the expectations regarding future capacity growth for the brand . based on our updated cash flow projections , we determined the implied fair value of goodwill for the pullmantur reporting unit was $ 145.5 million and rec- ognized an impairment charge of $ 319.2 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . there have been no goodwill impairment charges related to the pullmantur reporting unit in prior periods . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) perform worse than contemplated in our discounted cash flow model , or if there are material changes to the projected future cash flows used in the impair- ment analyses , especially in net yields , an additional impairment charge of the pullmantur reporting unit 2019s goodwill may be required . note 4 . intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>indefinite-life intangible asset 2014pullmantur trademarks and trade names</td><td>$ 218883</td><td>$ 225679</td></tr><tr><td>3</td><td>impairment charge</td><td>-17356 ( 17356 )</td><td>2014</td></tr><tr><td>4</td><td>foreign currency translation adjustment</td><td>3339</td><td>-6796 ( 6796 )</td></tr><tr><td>5</td><td>total</td><td>$ 204866</td><td>$ 218883</td></tr></table> during the fourth quarter of 2012 , we performed the annual impairment review of our trademarks and trade names using a discounted cash flow model and the relief-from-royalty method . the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry . these trademarks and trade names relate to pullmantur and we have used a discount rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test . as described in note 3 . goodwill , the continued deterioration of the spanish economy caused us to negatively adjust our cash flow projections for the pullmantur reporting unit , especially our closer-in net yield assumptions and the timing of future capacity growth for the brand . based on our updated cash flow projections , we determined that the fair value of pullmantur 2019s trademarks and trade names no longer exceeded their carrying value . accordingly , we recog- nized an impairment charge of approximately $ 17.4 million to write down trademarks and trade names to their fair value of $ 204.9 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) 0494.indd 76 3/27/13 12:53 pm .\nQuestion: what was the total value of intangible assets in 2012?\n"
},
{
"role": "agent",
"content": "204866.0"
}
] |
CONVFINQA935
|
[
{
"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 ) assumptions can materially affect the estimate of fair value , and our results of operations could be materially impacted . there were no stock options granted during the years ended december 31 , 2015 and 2014 . the weighted-average grant-date fair value per option during the year ended december 31 , 2013 was $ 4.14 . the fair value of each option grant has been estimated with the following weighted-average assumptions. . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2013</td></tr><tr><td>2</td><td>expected volatility1</td><td>40.2% ( 40.2 % )</td></tr><tr><td>3</td><td>expected term ( years ) 2</td><td>6.9</td></tr><tr><td>4</td><td>risk-free interest rate3</td><td>1.3% ( 1.3 % )</td></tr><tr><td>5</td><td>expected dividend yield4</td><td>2.4% ( 2.4 % )</td></tr></table> expected volatility 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.2% ( 40.2 % ) expected term ( years ) 2 . . . . . . . . . . . . . . . . . . . . . . . . 6.9 risk-free interest rate 3 . . . . . . . . . . . . . . . . . . . . . . . . . 1.3% ( 1.3 % ) expected dividend yield 4 . . . . . . . . . . . . . . . . . . . . . . . 2.4% ( 2.4 % ) 1 the expected volatility used to estimate the fair value of stock options awarded is based on a blend of : ( i ) historical volatility of our common stock for periods equal to the expected term of our stock options and ( ii ) implied volatility of tradable forward put and call options to purchase and sell shares of our common stock . 2 the estimate of our expected term is based on the average of : ( i ) an assumption that all outstanding options are exercised upon achieving their full vesting date and ( ii ) an assumption that all outstanding options will be exercised at the midpoint between the current date ( i.e. , the date awards have ratably vested through ) and their full contractual term . in determining the estimate , we considered several factors , including the historical option exercise behavior of our employees and the terms and vesting periods of the options . 3 the risk-free interest rate is determined using the implied yield currently available for zero-coupon u.s . government issuers with a remaining term equal to the expected term of the options . 4 the expected dividend yield was calculated based on an annualized dividend of $ 0.30 per share in 2013 . stock-based compensation we grant other stock-based compensation awards such as stock-settled awards , cash-settled awards and performance- based awards ( settled in cash or shares ) to certain key employees . the number of shares or units received by an employee for performance-based awards depends on company performance against specific performance targets and could range from 0% ( 0 % ) to 300% ( 300 % ) of the target amount of shares originally granted . incentive awards are subject to certain restrictions and vesting requirements as determined by the compensation committee . the fair value of the shares on the grant date is amortized over the vesting period , which is generally three years . upon completion of the vesting period for cash-settled awards , the grantee is entitled to receive a payment in cash based on the fair market value of the corresponding number of shares of common stock . no monetary consideration is paid by a recipient for any incentive award . the fair value of cash-settled awards is adjusted each quarter based on our share price . the holders of stock-settled awards have absolute ownership interest in the underlying shares of common stock prior to vesting , which includes the right to vote and receive dividends . dividends declared on common stock are accrued during the vesting period and paid when the award vests . the holders of cash-settled and performance-based awards have no ownership interest in the underlying shares of common stock until the awards vest and the shares of common stock are issued. .\nQuestion: how many stock options were granted in 2014?\nAnswer: 0.0\nQuestion: what about in 2015?\nAnswer: 0.0\nQuestion: what is the total?\nAnswer: 0.0\nQuestion: what is the dividend per share based in 2013?\n"
},
{
"role": "agent",
"content": "0.3"
}
] |
CONVFINQA3340
|
[
{
"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 of annual compensation was made . for the years ended december 31 , 2009 , 2008 and , 2007 , we made matching contributions of approxi- mately $ 450000 , $ 503000 and $ 457000 , respectively . note 17 / commitments and contingencies we and our operating partnership are not presently involved in any mate- rial litigation nor , to our knowledge , is any material litigation threatened against us or our properties , other than routine litigation arising in the ordinary course of business . management believes the costs , if any , incurred by us and our operating partnership related to this litigation will not materially affect our financial position , operating results or liquidity . we have entered into employment agreements with certain executives , which expire between june 2010 and january 2013 . the minimum cash-based compensation , including base salary and guaran- teed bonus payments , associated with these employment agreements totals approximately $ 7.8 million for 2010 . in march 1998 , we acquired an operating sub-leasehold posi- tion at 420 lexington avenue . the operating sub-leasehold position required annual ground lease payments totaling $ 6.0 million and sub- leasehold position payments totaling $ 1.1 million ( excluding an operating sub-lease position purchased january 1999 ) . in june 2007 , we renewed and extended the maturity date of the ground lease at 420 lexington avenue through december 31 , 2029 , with an option for further exten- sion through 2080 . ground lease rent payments through 2029 will total approximately $ 10.9 million per year . thereafter , the ground lease will be subject to a revaluation by the parties thereto . in june 2009 , we acquired an operating sub-leasehold posi- tion at 420 lexington avenue for approximately $ 7.7 million . these sub-leasehold positions were scheduled to mature in december 2029 . in october 2009 , we acquired the remaining sub-leasehold position for $ 7.6 million . the property located at 711 third avenue operates under an operating sub-lease , which expires in 2083 . under the sub-lease , we are responsible for ground rent payments of $ 1.55 million annually through july 2011 on the 50% ( 50 % ) portion of the fee we do not own . the ground rent is reset after july 2011 based on the estimated fair market value of the property . we have an option to buy out the sub-lease at a fixed future date . the property located at 461 fifth avenue operates under a ground lease ( approximately $ 2.1 million annually ) with a term expiration date of 2027 and with two options to renew for an additional 21 years each , followed by a third option for 15 years . we also have an option to purchase the ground lease for a fixed price on a specific date . the property located at 625 madison avenue operates under a ground lease ( approximately $ 4.6 million annually ) with a term expiration date of 2022 and with two options to renew for an additional 23 years . the property located at 1185 avenue of the americas oper- ates under a ground lease ( approximately $ 8.5 million in 2010 and $ 6.9 million annually thereafter ) with a term expiration of 2020 and with an option to renew for an additional 23 years . in april 1988 , the sl green predecessor entered into a lease agreement for the property at 673 first avenue , which has been capitalized for financial statement purposes . land was estimated to be approximately 70% ( 70 % ) of the fair market value of the property . the portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease . the initial lease term is 49 years with an option for an additional 26 years . beginning in lease years 11 and 25 , the lessor is entitled to additional rent as defined by the lease agreement . we continue to lease the 673 first avenue property , which has been classified as a capital lease with a cost basis of $ 12.2 million and cumulative amortization of $ 5.5 million and $ 5.2 million at december 31 , 2009 and 2008 , respectively . the following is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of december 31 , 2009 ( in thousands ) : non-cancellable december 31 , capital lease operating leases . <table class='wikitable'><tr><td>1</td><td>december 31,</td><td>capital lease</td><td>non-cancellable operating leases</td></tr><tr><td>2</td><td>2010</td><td>$ 1451</td><td>$ 31347</td></tr><tr><td>3</td><td>2011</td><td>1555</td><td>28929</td></tr><tr><td>4</td><td>2012</td><td>1555</td><td>28179</td></tr><tr><td>5</td><td>2013</td><td>1555</td><td>28179</td></tr><tr><td>6</td><td>2014</td><td>1555</td><td>28179</td></tr><tr><td>7</td><td>thereafter</td><td>45649</td><td>580600</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>53320</td><td>$ 725413</td></tr><tr><td>9</td><td>less amount representing interest</td><td>-36437 ( 36437 )</td><td>-</td></tr><tr><td>10</td><td>present value of net minimum lease payments</td><td>$ 16883</td><td>-</td></tr></table> note 18 / financial instruments : derivatives and hedging 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 earn- ings , 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 will be immediately recognized in earnings . reported net income and stockholders 2019 equity may increase or decrease prospectively , depending on future levels of interest rates and other variables affecting the fair values of derivative instruments and hedged items , but will have no effect on cash flows. .\nQuestion: what is the sum of capital and non-cancellable operating leases in 2012?\nAnswer: 29734.0\nQuestion: what were the number of capital leases?\nAnswer: 1555.0\nQuestion: what is that divided by the sum of leases?\n"
},
{
"role": "agent",
"content": "0.0523"
}
] |
CONVFINQA375
|
[
{
"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\nconsumer foods net sales increased $ 303 million , or 5% ( 5 % ) , for the year to $ 6.8 billion . results reflect an increase of three percentage points from improved net pricing and product mix and two percentage points of improvement from higher volumes . net pricing and volume improvements were achieved in many of the company 2019s priority investment and enabler brands . the impact of product recalls partially offset these improvements . the company implemented significant price increases for many consumer foods products during the fourth quarter of fiscal 2008 . continued net sales improvements are expected into fiscal 2009 when the company expects to receive the benefit of these pricing actions for full fiscal periods . sales of some of the company 2019s most significant brands , including chef boyardee ae , david ae , egg beaters ae , healthy choice ae , hebrew national ae , hunt 2019s ae , marie callender 2019s ae , manwich ae , orville redenbacher 2019s ae , pam ae , ro*tel ae , rosarita ae , snack pack ae , swiss miss ae , wesson ae , and wolf ae grew in fiscal 2008 . sales of act ii ae , andy capp ae , banquet ae , crunch 2018n munch ae , kid cuisine ae , parkay ae , pemmican ae , reddi-wip ae , and slim jim ae declined in fiscal 2008 . net sales in the consumer foods segment are not comparable across periods due to a variety of factors . the company initiated a peanut butter recall in the third quarter of fiscal 2007 and reintroduced peter pan ae peanut butter products in august 2007 . sales of all peanut butter products , including both branded and private label , in fiscal 2008 were $ 14 million lower than comparable amounts in fiscal 2007 . consumer foods net sales were also adversely impacted by the recall of banquet ae and private label pot pies in the second quarter of fiscal 2008 . net sales of pot pies were lower by approximately $ 22 million in fiscal 2008 , relative to fiscal 2007 , primarily due to product returns and lost sales of banquet ae and private label pot pies . sales from alexia foods and lincoln snacks , businesses acquired in fiscal 2008 , totaled $ 66 million in fiscal 2008 . the company divested a refrigerated pizza business during the first half of fiscal 2007 . sales from this business were $ 17 million in fiscal food and ingredients net sales were $ 4.1 billion in fiscal 2008 , an increase of $ 706 million , or 21% ( 21 % ) . increased sales are reflective of higher sales prices in the company 2019s milling operations due to higher grain prices , and price and volume increases in the company 2019s potato and dehydrated vegetable operations . the fiscal 2007 divestiture of an oat milling operation resulted in a reduction of sales of $ 27 million for fiscal 2008 , partially offset by increased sales of $ 18 million from the acquisition of watts brothers in february 2008 . international foods net sales increased $ 65 million to $ 678 million . the strengthening of foreign currencies relative to the u.s . dollar accounted for approximately $ 36 million of this increase . the segment achieved a 5% ( 5 % ) increase in sales volume in fiscal 2008 , primarily reflecting increased unit sales in canada and mexico , and modest increases in net pricing . gross profit ( net sales less cost of goods sold ) ( $ in millions ) reporting segment fiscal 2008 gross profit fiscal 2007 gross profit % ( % ) increase/ ( decrease ) . <table class='wikitable'><tr><td>1</td><td>reporting segment</td><td>fiscal 2008 gross profit</td><td>fiscal 2007 gross profit</td><td>% ( % ) increase/ ( decrease )</td></tr><tr><td>2</td><td>consumer foods</td><td>$ 1802</td><td>$ 1923</td><td>( 6 ) % ( % )</td></tr><tr><td>3</td><td>food and ingredients</td><td>724</td><td>590</td><td>23% ( 23 % )</td></tr><tr><td>4</td><td>international foods</td><td>190</td><td>180</td><td>6% ( 6 % )</td></tr><tr><td>5</td><td>total</td><td>$ 2716</td><td>$ 2693</td><td>1% ( 1 % )</td></tr></table> the company 2019s gross profit for fiscal 2008 was $ 2.7 billion , an increase of $ 23 million , or 1% ( 1 % ) , over the prior year . the increase in gross profit was largely driven by results in the food and ingredients segment , reflecting higher margins in the company 2019s milling and specialty potato operations , largely offset by reduced gross profits in the consumer foods segment . costs of implementing the company 2019s restructuring plans reduced gross profit by $ 4 million and $ 46 million in fiscal 2008 and fiscal 2007 , respectively. .\nQuestion: what is the gross profit generated by consumer foods in 2007?\nAnswer: 1923.0\nQuestion: what about the total gross profit?\nAnswer: 2693.0\nQuestion: what proportion is coming from consumer foods?\n"
},
{
"role": "agent",
"content": "0.71407"
}
] |
CONVFINQA9011
|
[
{
"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 international . in general , our international markets are less advanced with respect to the current technologies deployed for wireless services . as a result , demand for our communications sites is driven by continued voice network investments , new market entrants and initial 3g data network deployments . for example , in india , nationwide voice networks continue to be deployed as wireless service providers are beginning their initial investments in 3g data networks , as a result of recent spectrum auctions . in mexico and brazil , where nationwide voice networks have been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers and new market entrants to begin their initial investments in 3g data networks . in markets such as chile and peru , recent spectrum auctions have attracted new market entrants , who are expected to begin their investment in deploying nationwide voice and 3g data networks . we believe demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks . rental and management operations new site revenue growth . during the year ended december 31 , 2010 , we grew our portfolio of communications sites through acquisitions and construction activities , including the acquisition and construction of approximately 7800 sites . we continue to evaluate opportunities to acquire larger communications site portfolios , both domestically and internationally , that we believe we can effectively integrate into our existing portfolio. . <table class='wikitable'><tr><td>1</td><td>new sites ( acquired or constructed )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>domestic</td><td>947</td><td>528</td><td>160</td></tr><tr><td>3</td><td>international ( 1 )</td><td>6865</td><td>3022</td><td>801</td></tr></table> ( 1 ) the majority of sites acquired or constructed internationally during 2010 and 2009 were in india and our newly launched operations in chile , colombia and peru . network development services segment revenue growth . as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a small percentage of our total revenues . through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites . rental and management operations expenses . our rental and management operations expenses include our direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance and utilities . these segment level expenses exclude all segment and corporate level selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense . in general , our rental and management segment level selling , general and administrative expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow . in geographic areas where we have recently launched operations or are focused on materially expanding our site footprint , we may incur additional segment level selling , general and administrative expenses as we increase our presence in these areas . our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities . reit election . as we review our tax strategy and assess the utilization of our federal and state nols , we are actively considering an election to a reit for u.s . federal and , where applicable , state income tax purposes . we may make the determination to elect reit status for the taxable year beginning january 1 , 2012 , as early as the second half of 2011 , subject to the approval of our board of directors , although there is no certainty as to the timing of a reit election or whether we will make a reit election at all. .\nQuestion: what was the total number of new sites in 2010?\nAnswer: 7812.0\nQuestion: and specifically the amount domestically?\n"
},
{
"role": "agent",
"content": "947.0"
}
] |
CONVFINQA10854
|
[
{
"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\nr&d expense increased 36% ( 36 % ) during 2011 compared to 2010 , it declined slightly as a percentage of net sales , due to the 66% ( 66 % ) year-over-year growth in the company 2019s net sales during 2011 . 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 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 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 2.1 billion or 38% ( 38 % ) to $ 7.6 billion during 2011 compared to 2010 . this increase was due primarily to the company 2019s continued expansion of its retail segment , increased headcount and related costs , higher spending on professional services and marketing and advertising programs , and increased variable costs associated with the overall growth of the company 2019s net sales . 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 share-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . other income and expense other income and expense for the three years ended september 24 , 2011 , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>interest and dividend income</td><td>$ 519</td><td>$ 311</td><td>$ 407</td></tr><tr><td>3</td><td>other expense net</td><td>-104 ( 104 )</td><td>-156 ( 156 )</td><td>-81 ( 81 )</td></tr><tr><td>4</td><td>total other income and expense</td><td>$ 415</td><td>$ 155</td><td>$ 326</td></tr></table> total other income and expense increased $ 260 million or 168% ( 168 % ) to $ 415 million during 2011 compared to $ 155 million and $ 326 million in 2010 and 2009 , respectively . the year-over-year increase in other income and expense during 2011 was due primarily to higher interest income and net realized gains on sales of marketable securities . the overall decrease in other income and expense in 2010 compared to 2009 was 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 . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.77% ( 0.77 % ) , 0.75% ( 0.75 % ) and 1.43% ( 1.43 % ) during 2011 , 2010 and 2009 , respectively . during 2011 , 2010 and 2009 , 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 approximately 24.2% ( 24.2 % ) , 24.4% ( 24.4 % ) and 31.8% ( 31.8 % ) for 2011 , 2010 and 2009 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of .\nQuestion: what was the interest and dividend income in 2011?\n"
},
{
"role": "agent",
"content": "519.0"
}
] |
CONVFINQA3879
|
[
{
"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 new orleans , inc . management 2019s financial discussion and analysis also in addition to the contractual obligations , entergy new orleans has $ 53.7 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions . see note 3 to the financial statements for additional information regarding unrecognized tax benefits . the planned capital investment estimate for entergy new orleans reflects capital required to support existing business . the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , changes in project plans , and the ability to access capital . management provides more information on long-term debt and preferred stock maturities in notes 5 and 6 and to the financial statements . as an indirect , wholly-owned subsidiary of entergy corporation , entergy new orleans pays dividends from its earnings at a percentage determined monthly . entergy new orleans 2019s long-term debt indentures contain restrictions on the payment of cash dividends or other distributions on its common and preferred stock . sources of capital entergy new orleans 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; and debt and preferred stock issuances . entergy new orleans may refinance , redeem , or otherwise retire debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable . entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years: . <table class='wikitable'><tr><td>1</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 9074</td><td>$ 21820</td><td>$ 66149</td><td>$ 60093</td></tr></table> see note 4 to the financial statements for a description of the money pool . entergy new orleans has obtained short-term borrowing authorization from the ferc under which it may borrow through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 100 million . see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits . the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through july 2012 . entergy louisiana 2019s ninemile point unit 6 self-build project in june 2011 , entergy louisiana filed with the lpsc an application seeking certification that the public necessity and convenience would be served by entergy louisiana 2019s construction of a combined-cycle gas turbine generating facility ( ninemile 6 ) at its existing ninemile point electric generating station . ninemile 6 will be a nominally-sized 550 mw unit that is estimated to cost approximately $ 721 million to construct , excluding interconnection and transmission upgrades . entergy gulf states louisiana joined in the application , seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% ( 35 % ) of the capacity and energy generated by ninemile 6 . the ninemile 6 capacity and energy is proposed to be allocated 55% ( 55 % ) to entergy louisiana , 25% ( 25 % ) to entergy gulf states louisiana , and 20% ( 20 % ) to entergy new orleans . in february 2012 the city council passed a resolution authorizing entergy new orleans to purchase 20% ( 20 % ) of the ninemile 6 energy and capacity . if approvals are obtained from the lpsc and other permitting agencies , ninemile 6 construction is .\nQuestion: what is the net change in the balance of receivables from the money pool from 2010 to 2011?\n"
},
{
"role": "agent",
"content": "-12746.0"
}
] |
CONVFINQA8615
|
[
{
"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?\nAnswer: 10.0\nQuestion: and what is this change as a portion of the 2014 total?\nAnswer: 0.03322\nQuestion: and in that year of 2015, what amount from the additional costs from the california state coastal conservancy was awk expected to collect?\n"
},
{
"role": "agent",
"content": "8.0"
}
] |
CONVFINQA7507
|
[
{
"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 stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2015 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lear corp. , lkq corp. , meritor inc. , standard motor products inc. , stoneridge inc. , superior industries international , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>company index</td><td>november 17 2011</td><td>december 31 2011</td><td>december 31 2012</td><td>december 31 2013</td><td>december 31 2014</td><td>december 31 2015</td></tr><tr><td>2</td><td>delphi automotive plc ( 1 )</td><td>$ 100.00</td><td>$ 100.98</td><td>$ 179.33</td><td>$ 285.81</td><td>$ 350.82</td><td>$ 418.67</td></tr><tr><td>3</td><td>s&p 500 ( 2 )</td><td>100.00</td><td>100.80</td><td>116.93</td><td>154.80</td><td>175.99</td><td>178.43</td></tr><tr><td>4</td><td>automotive supplier peer group ( 3 )</td><td>100.00</td><td>89.62</td><td>109.96</td><td>166.26</td><td>176.25</td><td>171.91</td></tr></table> dividends the company has declared and paid cash dividends of $ 0.25 per ordinary share in each quarter of 2014 and 2015 . in addition , in january 2016 , the board of directors increased the annual dividend rate to $ 1.16 per ordinary share , and declared a regular quarterly cash dividend of $ 0.29 per ordinary share , payable on february 29 , 2016 to shareholders of record at the close of business on february 17 , 2016. .\nQuestion: what is the value of an $100 investment in delphi automotive plc in 2015?\n"
},
{
"role": "agent",
"content": "418.67"
}
] |
CONVFINQA10727
|
[
{
"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\nliquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders . cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively . higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 . cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings . operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities . see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital . we believe operating working capital represents the key components of working capital under the operating control of our businesses . operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively . a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) . ( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 . this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities . trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 . days sales outstanding was 66 days in 2011 , level with 2010 . inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 . inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 . total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively . spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 . capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively . capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively . we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings . in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company . the cost of these acquisitions , including assumed debt , was $ 193 million . dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively . ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders . we did not have a mandatory contribution to our u.s . defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million . in 2010 and 2009 , we made voluntary contributions to our u.s . defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively . we expect to make voluntary contributions to our u.s . defined benefit pension plans in 2012 of up to $ 60 million . contributions were made to our non-u.s . defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements . we expect to make mandatory contributions to our non-u.s . plans in 2012 of approximately $ 90 million . the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively . we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth . the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 . we can repurchase about 9 million shares under the current authorization from the board of directors . 26 2011 ppg annual report and form 10-k . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2011</td><td>2010</td><td>-</td></tr><tr><td>2</td><td>operating working capital</td><td>$ 2739</td><td>$ 2595</td><td>-</td></tr><tr><td>3</td><td>operating working capital as % ( % ) of sales</td><td>19.5% ( 19.5 % )</td><td>19.2</td><td>% ( % )</td></tr></table> liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders . cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively . higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 . cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings . operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities . see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital . we believe operating working capital represents the key components of working capital under the operating control of our businesses . operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively . a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) . ( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 . this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities . trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 . days sales outstanding was 66 days in 2011 , level with 2010 . inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 . inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 . total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively . spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 . capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively . capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively . we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings . in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company . the cost of these acquisitions , including assumed debt , was $ 193 million . dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively . ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders . we did not have a mandatory contribution to our u.s . defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million . in 2010 and 2009 , we made voluntary contributions to our u.s . defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively . we expect to make voluntary contributions to our u.s . defined benefit pension plans in 2012 of up to $ 60 million . contributions were made to our non-u.s . defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements . we expect to make mandatory contributions to our non-u.s . plans in 2012 of approximately $ 90 million . the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively . we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth . the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 . we can repurchase about 9 million shares under the current authorization from the board of directors . 26 2011 ppg annual report and form 10-k .\nQuestion: what was the cost, in millions, of the total share repurchase activity in the year of 2011?\nAnswer: 858.0\nQuestion: and how many shares were repurchased in that process, in millions?\nAnswer: 10.2\nQuestion: what was, then, the cost of each share repurchased?\nAnswer: 84.11765\nQuestion: considering that same cost per share, what would be the total cost, in millions, to repurchase the remaining 9 million shares?\n"
},
{
"role": "agent",
"content": "757.05882"
}
] |
CONVFINQA1485
|
[
{
"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\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2009 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2009</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 130.29</td><td>$ 135.35</td><td>$ 140.54</td><td>$ 205.95</td><td>$ 223.79</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.06</td><td>$ 117.48</td><td>$ 136.26</td><td>$ 180.38</td><td>$ 205.05</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 126.74</td><td>$ 126.75</td><td>$ 136.24</td><td>$ 192.61</td><td>$ 240.91</td></tr></table> .\nQuestion: what is the difference in the ups price in 2014 less 100?\nAnswer: 123.79\nQuestion: what is that value divided by 100?\nAnswer: 1.2379\nQuestion: what was the value of the s&p price in 2014?\nAnswer: 205.05\nQuestion: what is that value less 100?\nAnswer: 105.05\nQuestion: now, what is that number divided by 100?\nAnswer: 1.0505\nQuestion: what is the difference between the 2 quotients?\n"
},
{
"role": "agent",
"content": "0.1874"
}
] |
CONVFINQA3948
|
[
{
"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\naverage age ( yrs. ) highway revenue equipment owned leased total . <table class='wikitable'><tr><td>1</td><td>highway revenue equipment</td><td>owned</td><td>leased</td><td>total</td><td>averageage ( yrs. )</td></tr><tr><td>2</td><td>containers</td><td>26629</td><td>28306</td><td>54935</td><td>7.1</td></tr><tr><td>3</td><td>chassis</td><td>15182</td><td>25951</td><td>41133</td><td>8.9</td></tr><tr><td>4</td><td>total highway revenue equipment</td><td>41811</td><td>54257</td><td>96068</td><td>n/a</td></tr></table> capital expenditures our rail network requires significant annual capital investments for replacement , improvement , and expansion . these investments enhance safety , support the transportation needs of our customers , and improve our operational efficiency . additionally , we add new locomotives and freight cars to our fleet to replace older , less efficient equipment , to support growth and customer demand , and to reduce our impact on the environment through the acquisition of more fuel-efficient and low-emission locomotives . 2014 capital program 2013 during 2014 , our capital program totaled $ 4.1 billion . ( see the cash capital expenditures table in management 2019s discussion and analysis of financial condition and results of operations 2013 liquidity and capital resources 2013 financial condition , item 7. ) 2015 capital plan 2013 in 2015 , we expect our capital plan to be approximately $ 4.3 billion , which will include expenditures for ptc of approximately $ 450 million and may include non-cash investments . we may revise our 2015 capital plan if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see discussion of our 2015 capital plan in management 2019s discussion and analysis of financial condition and results of operations 2013 2015 outlook , item 7. ) equipment encumbrances 2013 equipment with a carrying value of approximately $ 2.8 billion and $ 2.9 billion at december 31 , 2014 , and 2013 , respectively served as collateral for capital leases and other types of equipment obligations in accordance with the secured financing arrangements utilized to acquire or refinance such railroad equipment . as a result of the merger of missouri pacific railroad company ( mprr ) with and into uprr on january 1 , 1997 , and pursuant to the underlying indentures for the mprr mortgage bonds , uprr must maintain the same value of assets after the merger in order to comply with the security requirements of the mortgage bonds . as of the merger date , the value of the mprr assets that secured the mortgage bonds was approximately $ 6.0 billion . in accordance with the terms of the indentures , this collateral value must be maintained during the entire term of the mortgage bonds irrespective of the outstanding balance of such bonds . environmental matters 2013 certain of our properties are subject to federal , state , and local laws and regulations governing the protection of the environment . ( see discussion of environmental issues in business 2013 governmental and environmental regulation , item 1 , and management 2019s discussion and analysis of financial condition and results of operations 2013 critical accounting policies 2013 environmental , item 7. ) item 3 . legal proceedings from time to time , we are involved in legal proceedings , claims , and litigation that occur in connection with our business . we routinely assess our liabilities and contingencies in connection with these matters based upon the latest available information and , when necessary , we seek input from our third-party advisors when making these assessments . consistent with sec rules and requirements , we describe below material pending legal proceedings ( other than ordinary routine litigation incidental to our business ) , material proceedings known to be contemplated by governmental authorities , other proceedings arising under federal , state , or local environmental laws and regulations ( including governmental proceedings involving potential fines , penalties , or other monetary sanctions in excess of $ 100000 ) , and such other pending matters that we may determine to be appropriate. .\nQuestion: what was the total 2015 capital plan, in billions?\nAnswer: 4.3\nQuestion: and how much is that in millions?\nAnswer: 4300.0\nQuestion: and what portion of this plan is for ptc expenditures?\nAnswer: 0.10465\nQuestion: and concerning the containers, what percentage do the owned ones represent in relation to the total?\n"
},
{
"role": "agent",
"content": "0.48474"
}
] |
CONVFINQA10916
|
[
{
"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 46 : allowance for loan and lease losses . <table class='wikitable'><tr><td>1</td><td>dollars in millions</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>january 1</td><td>$ 4036</td><td>$ 4347</td></tr><tr><td>3</td><td>total net charge-offs</td><td>-1077 ( 1077 )</td><td>-1289 ( 1289 )</td></tr><tr><td>4</td><td>provision for credit losses</td><td>643</td><td>987</td></tr><tr><td>5</td><td>net change in allowance for unfunded loan commitments and letters of credit</td><td>8</td><td>-10 ( 10 )</td></tr><tr><td>6</td><td>other</td><td>-1 ( 1 )</td><td>1</td></tr><tr><td>7</td><td>december 31</td><td>$ 3609</td><td>$ 4036</td></tr><tr><td>8</td><td>net charge-offs to average loans ( for the year ended ) ( a )</td><td>.57% ( .57 % )</td><td>.73% ( .73 % )</td></tr><tr><td>9</td><td>allowance for loan and lease losses to total loans</td><td>1.84</td><td>2.17</td></tr><tr><td>10</td><td>commercial lending net charge-offs</td><td>$ -249 ( 249 )</td><td>$ -359 ( 359 )</td></tr><tr><td>11</td><td>consumer lending net charge-offs</td><td>-828 ( 828 )</td><td>-930 ( 930 )</td></tr><tr><td>12</td><td>total net charge-offs</td><td>$ -1077 ( 1077 )</td><td>$ -1289 ( 1289 )</td></tr><tr><td>13</td><td>net charge-offs to average loans ( for the year ended )</td><td>-</td><td>-</td></tr><tr><td>14</td><td>commercial lending</td><td>.22% ( .22 % )</td><td>.35% ( .35 % )</td></tr><tr><td>15</td><td>consumer lending ( a )</td><td>1.07</td><td>1.24</td></tr></table> ( a ) includes charge-offs of $ 134 million taken pursuant to alignment with interagency guidance on practices for loans and lines of credit related to consumer lending in the first quarter of 2013 . the provision for credit losses totaled $ 643 million for 2013 compared to $ 987 million for 2012 . the primary driver of the decrease to the provision was improved overall credit quality , including improved commercial loan risk factors , lower consumer loan delinquencies and improvements in expected cash flows for our purchased impaired loans . for 2013 , the provision for commercial lending credit losses decreased by $ 102 million , or 74% ( 74 % ) , from 2012 . the provision for consumer lending credit losses decreased $ 242 million , or 29% ( 29 % ) , from 2012 . at december 31 , 2013 , total alll to total nonperforming loans was 117% ( 117 % ) . the comparable amount for december 31 , 2012 was 124% ( 124 % ) . these ratios are 72% ( 72 % ) and 79% ( 79 % ) , respectively , when excluding the $ 1.4 billion and $ 1.5 billion , respectively , of alll at december 31 , 2013 and december 31 , 2012 allocated to consumer loans and lines of credit not secured by residential real estate and purchased impaired loans . we have excluded consumer loans and lines of credit not secured by real estate as they are charged off after 120 to 180 days past due and not placed on nonperforming status . additionally , we have excluded purchased impaired loans as they are considered performing regardless of their delinquency status as interest is accreted based on our estimate of expected cash flows and additional allowance is recorded when these cash flows are below recorded investment . see table 35 within this credit risk management section for additional information . the alll balance increases or decreases across periods in relation to fluctuating risk factors , including asset quality trends , charge-offs and changes in aggregate portfolio balances . during 2013 , improving asset quality trends , including , but not limited to , delinquency status and improving economic conditions , realization of previously estimated losses through charge-offs , including the impact of alignment with interagency guidance and overall portfolio growth , combined to result in the alll balance declining $ .4 billion , or 11% ( 11 % ) to $ 3.6 billion as of december 31 , 2013 compared to december 31 , 2012 . see note 7 allowances for loan and lease losses and unfunded loan commitments and letters of credit and note 6 purchased loans in the notes to consolidated financial statements in item 8 of this report regarding changes in the alll and in the allowance for unfunded loan commitments and letters of credit . operational risk management operational risk is the risk of loss resulting from inadequate or failed internal processes or systems , human factors , or external events . this includes losses that may arise as a result of non- compliance with laws or regulations , failure to fulfill fiduciary responsibilities , as well as litigation or other legal actions . operational risk may occur in any of our business activities and manifests itself in various ways , including but not limited to : 2022 transaction processing errors , 2022 unauthorized transactions and fraud by employees or third parties , 2022 material disruption in business activities , 2022 system breaches and misuse of sensitive information , 2022 regulatory or governmental actions , fines or penalties , and 2022 significant legal expenses , judgments or settlements . pnc 2019s operational risk management is inclusive of technology risk management , compliance and business continuity risk . operational risk management focuses on balancing business needs , regulatory expectations and risk management priorities through an adaptive and proactive program that is designed to provide a strong governance model , sound and consistent risk management processes and transparent operational risk reporting across the enterprise . the pnc board determines the strategic approach to operational risk via establishment of the operational risk appetite and appropriate risk management structure . this includes establishment of risk metrics and limits and a reporting structure to identify , understand and manage operational risks . executive management has responsibility for operational risk management . the executive management team is responsible for monitoring significant risks , key controls and related issues through management reporting and a governance structure of risk committees and sub-committees . within risk management , operational risk management functions are responsible for developing and maintaining the 84 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: what was the value in the allowance for loan and lease losses in 2013?\n"
},
{
"role": "agent",
"content": "3609.0"
}
] |
CONVFINQA4262
|
[
{
"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 15 . exhibits , financial statement schedules . ( continued ) kinder morgan , inc . form 10-k . <table class='wikitable'><tr><td>1</td><td>kinder morgan liquids terminals llc-n.j . development revenue bonds due january 15 2018 kinder morgan columbus llc-5.50% ( llc-5.50 % ) ms development revenue note due september 1 2022</td><td>25.0 8.2</td><td>25.0 8.2</td></tr><tr><td>2</td><td>kinder morgan operating l.p . 201cb 201d-jackson-union cos . il revenue bonds due april 1 2024</td><td>23.7</td><td>23.7</td></tr><tr><td>3</td><td>international marine terminals-plaquemines la revenue bonds due march 15 2025</td><td>40.0</td><td>40.0</td></tr><tr><td>4</td><td>other miscellaneous subsidiary debt</td><td>1.3</td><td>1.3</td></tr><tr><td>5</td><td>unamortized debt discount on long-term debt</td><td>-20.3 ( 20.3 )</td><td>-21.2 ( 21.2 )</td></tr><tr><td>6</td><td>current maturities of long-term debt</td><td>-1263.3 ( 1263.3 )</td><td>-596.6 ( 596.6 )</td></tr><tr><td>7</td><td>total long-term debt 2013 kmp</td><td>$ 10282.8</td><td>$ 10007.5</td></tr></table> ____________ ( a ) as a result of the implementation of asu 2009-17 , effective january 1 , 2010 , we ( i ) include the transactions and balances of our business trust , k n capital trust i and k n capital trust iii , in our consolidated financial statements and ( ii ) no longer include our junior subordinated deferrable interest debentures issued to the capital trusts ( see note 18 201crecent accounting pronouncements 201d ) . ( b ) kmp issued its $ 500 million in principal amount of 9.00% ( 9.00 % ) senior notes due february 1 , 2019 in december 2008 . each holder of the notes has the right to require kmp to repurchase all or a portion of the notes owned by such holder on february 1 , 2012 at a purchase price equal to 100% ( 100 % ) of the principal amount of the notes tendered by the holder plus accrued and unpaid interest to , but excluding , the repurchase date . on and after february 1 , 2012 , interest will cease to accrue on the notes tendered for repayment . a holder 2019s exercise of the repurchase option is irrevocable . kinder morgan kansas , inc . the 2028 and 2098 debentures and the 2012 and 2015 senior notes are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements . the 2027 debentures are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option after november 1 , 2004 at redemption prices defined in the associated prospectus supplements . on september 2 , 2010 , kinder morgan kansas , inc . paid the remaining $ 1.1 million principal balance outstanding on kinder morgan kansas , inc . 2019s 6.50% ( 6.50 % ) series debentures , due 2013 . kinder morgan finance company , llc on december 20 , 2010 , kinder morgan finance company , llc , a wholly owned subsidiary of kinder morgan kansas , inc. , completed a public offering of senior notes . it issued a total of $ 750 million in principal amount of 6.00% ( 6.00 % ) senior notes due january 15 , 2018 . net proceeds received from the issuance of the notes , after underwriting discounts and commissions , were $ 744.2 million , which were used to retire the principal amount of the 5.35% ( 5.35 % ) senior notes that matured on january 5 , 2011 . the 2011 , 2016 , 2018 and 2036 senior notes issued by kinder morgan finance company , llc are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements . each series of these notes is fully and unconditionally guaranteed by kinder morgan kansas , inc . on a senior unsecured basis as to principal , interest and any additional amounts required to be paid as a result of any withholding or deduction for canadian taxes . capital trust securities kinder morgan kansas , inc . 2019s business trusts , k n capital trust i and k n capital trust iii , are obligated for $ 12.7 million of 8.56% ( 8.56 % ) capital trust securities maturing on april 15 , 2027 and $ 14.4 million of 7.63% ( 7.63 % ) capital trust securities maturing on april 15 , 2028 , respectively , which it guarantees . the 2028 securities are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices as defined in the associated prospectus . the 2027 securities are redeemable in whole or in part at kinder morgan kansas , inc . 2019s option and at any time in certain limited circumstances upon the occurrence of certain events and at prices , all defined in the associated prospectus supplements . upon redemption by kinder morgan kansas , inc . or at maturity of the junior subordinated deferrable interest debentures , it must use the proceeds to make redemptions of the capital trust securities on a pro rata basis. .\nQuestion: what was the amount of the current maturities of long-term debt?\n"
},
{
"role": "agent",
"content": "-1263.3"
}
] |
CONVFINQA6116
|
[
{
"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 decline in the fair value from 2010 to 2011?\nAnswer: 386.0\nQuestion: and what was that decline as a portion of that fair value in 2010?\nAnswer: 0.37367\nQuestion: what is that in percentage?\nAnswer: 37.36689\nQuestion: and what was the total fair value for those two years combined?\nAnswer: 1680.0\nQuestion: and what was the average between them, in millions?\n"
},
{
"role": "agent",
"content": "840.0"
}
] |
CONVFINQA3505
|
[
{
"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\nsynopsys , inc . notes to consolidated financial statements 2014continued the aggregate purchase price consideration was approximately us$ 417.0 million . as of october 31 , 2012 , the total purchase consideration and the preliminary purchase price allocation were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>cash paid</td><td>$ 373519</td></tr><tr><td>3</td><td>fair value of shares to be acquired through a follow-on merger</td><td>34054</td></tr><tr><td>4</td><td>fair value of equity awards allocated to purchase consideration</td><td>9383</td></tr><tr><td>5</td><td>total purchase consideration</td><td>$ 416956</td></tr><tr><td>6</td><td>goodwill</td><td>247482</td></tr><tr><td>7</td><td>identifiable intangibles assets acquired</td><td>108867</td></tr><tr><td>8</td><td>cash and other assets acquired</td><td>137222</td></tr><tr><td>9</td><td>liabilities assumed</td><td>-76615 ( 76615 )</td></tr><tr><td>10</td><td>total purchase allocation</td><td>$ 416956</td></tr></table> goodwill of $ 247.5 million , which is generally not deductible for tax purposes , primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of springsoft 2019s technology and operations with the company 2019s technology and operations . identifiable intangible assets , consisting primarily of technology , customer relationships , backlog and trademarks , were valued using the income method , and are being amortized over three to eight years . acquisition-related costs directly attributable to the business combination were $ 6.6 million for fiscal 2012 and were expensed as incurred in the consolidated statements of operations . these costs consisted primarily of employee separation costs and professional services . fair value of equity awards : pursuant to the merger agreement , the company assumed all the unvested outstanding stock options of springsoft upon the completion of the merger and the vested options were exchanged for cash in the merger . on october 1 , 2012 , the date of the completion of the tender offer , the fair value of the awards to be assumed and exchanged was $ 9.9 million , calculated using the black-scholes option pricing model . the black-scholes option-pricing model incorporates various subjective assumptions including expected volatility , expected term and risk-free interest rates . the expected volatility was estimated by a combination of implied and historical stock price volatility of the options . non-controlling interest : non-controlling interest represents the fair value of the 8.4% ( 8.4 % ) of outstanding springsoft shares that were not acquired during the tender offer process completed on october 1 , 2012 and the fair value of the option awards that were to be assumed or exchanged for cash upon the follow-on merger . the fair value of the non-controlling interest included as part of the aggregate purchase consideration was $ 42.8 million and is disclosed as a separate line in the october 31 , 2012 consolidated statements of stockholders 2019 equity . during the period between the completion of the tender offer and the end of the company 2019s fiscal year on october 31 , 2012 , the non-controlling interest was adjusted by $ 0.5 million to reflect the non-controlling interest 2019s share of the operating loss of springsoft in that period . as the amount is not significant , it has been included as part of other income ( expense ) , net , in the consolidated statements of operations. .\nQuestion: what was the value of goodwill?\nAnswer: 247482.0\nQuestion: what was the value of intangible assets?\n"
},
{
"role": "agent",
"content": "108867.0"
}
] |
CONVFINQA2309
|
[
{
"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\nf0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels . even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives . we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments . results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2013</td><td>2012</td><td>2011</td><td>% ( % ) change 2013 v 2012</td><td>% ( % ) change 2012 v 2011</td></tr><tr><td>2</td><td>freight revenues</td><td>$ 20684</td><td>$ 19686</td><td>$ 18508</td><td>5% ( 5 % )</td><td>6% ( 6 % )</td></tr><tr><td>3</td><td>other revenues</td><td>1279</td><td>1240</td><td>1049</td><td>3</td><td>18</td></tr><tr><td>4</td><td>total</td><td>$ 21963</td><td>$ 20926</td><td>$ 19557</td><td>5% ( 5 % )</td><td>7% ( 7 % )</td></tr></table> we generate freight revenues by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and arc . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments . we recognize freight revenues as shipments move from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues from five of our six commodity groups increased during 2013 compared to 2012 . revenue from agricultural products was down slightly compared to 2012 . arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement . volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments . freight revenues from four of our six commodity groups increased during 2012 compared to 2011 . revenues from coal and agricultural products declined during the year . our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products . arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries . improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges . our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively . fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) . rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 . in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services . in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services . assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .\nQuestion: what was the value of the fuel surcharge revenue in 2012?\nAnswer: 2.6\nQuestion: what was the value in 2011?\nAnswer: 2.2\nQuestion: what is the net change in value?\nAnswer: 0.4\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "0.18182"
}
] |
CONVFINQA5372
|
[
{
"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\n3 . dividends from subsidiaries and affiliates cash dividends received from consolidated subsidiaries and from affiliates accounted for by the equity method were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2003</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>subsidiaries</td><td>$ 807</td><td>$ 771</td><td>$ 1038</td></tr><tr><td>3</td><td>affiliates</td><td>43</td><td>44</td><td>21</td></tr></table> 4 . guarantees and letters of credit guarantees 2014in connection with certain of its project financing , acquisition , and power purchase agreements , the company has expressly undertaken limited obligations and commitments , most of which will only be effective or will be terminated upon the occurrence of future events . these obligations and commitments , excluding those collateralized by letter of credit and other obligations discussed below , were limited as of december 31 , 2003 , by the terms of the agreements , to an aggregate of approximately $ 515 million representing 55 agreements with individual exposures ranging from less than $ 1 million up to $ 100 million . of this amount , $ 147 million represents credit enhancements for non-recourse debt , and $ 38 million commitments to fund its equity in projects currently under development or in construction . letters of credit 2014at december 31 , 2003 , the company had $ 89 million in letters of credit outstanding representing 9 agreements with individual exposures ranging from less than $ 1 million up to $ 36 million , which operate to guarantee performance relating to certain project development and construction activities and subsidiary operations . the company pays a letter of credit fee ranging from 0.5% ( 0.5 % ) to 5.00% ( 5.00 % ) per annum on the outstanding amounts . in addition , the company had $ 4 million in surety bonds outstanding at december 31 , 2003. .\nQuestion: what was the high end of the range of exposures for the outstanding letters of credit?\n"
},
{
"role": "agent",
"content": "36.0"
}
] |
CONVFINQA328
|
[
{
"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 161 fifth third bancorp as of december 31 , 2012 ( $ in millions ) significant unobservable ranges of financial instrument fair value valuation technique inputs inputs weighted-average commercial loans held for sale $ 9 appraised value appraised value nm nm cost to sell nm 10.0% ( 10.0 % ) commercial and industrial loans 83 appraised value default rates 100% ( 100 % ) nm collateral value nm nm commercial mortgage loans 46 appraised value default rates 100% ( 100 % ) nm collateral value nm nm commercial construction loans 4 appraised value default rates 100% ( 100 % ) nm collateral value nm nm msrs 697 discounted cash flow prepayment speed 0 - 100% ( 100 % ) ( fixed ) 16.1% ( 16.1 % ) ( adjustable ) 26.9% ( 26.9 % ) discount rates 9.4 - 18.0% ( 18.0 % ) ( fixed ) 10.5% ( 10.5 % ) ( adjustable ) 11.7% ( 11.7 % ) . <table class='wikitable'><tr><td>1</td><td>financial instrument</td><td>fair value</td><td>valuation technique</td><td>significant unobservableinputs</td><td>ranges ofinputs</td><td>weighted-average</td></tr><tr><td>2</td><td>commercial loans held for sale</td><td>$ 9</td><td>appraised value</td><td>appraised valuecost to sell</td><td>nmnm</td><td>nm10.0% ( nm10.0 % )</td></tr><tr><td>3</td><td>commercial and industrial loans</td><td>83</td><td>appraised value</td><td>default ratescollateral value</td><td>100%nm</td><td>nmnm</td></tr><tr><td>4</td><td>commercial mortgage loans</td><td>46</td><td>appraised value</td><td>default ratescollateral value</td><td>100%nm</td><td>nmnm</td></tr><tr><td>5</td><td>commercial construction loans</td><td>4</td><td>appraised value</td><td>default ratescollateral value</td><td>100%nm</td><td>nmnm</td></tr><tr><td>6</td><td>msrs</td><td>697</td><td>discounted cash flow</td><td>prepayment speeddiscount rates</td><td>0 - 100%9.4 - 18.0% ( 18.0 % )</td><td>( fixed ) 16.1% ( 16.1 % ) ( adjustable ) 26.9% ( 26.9 % ) ( fixed ) 10.5% ( 10.5 % ) ( adjustable ) 11.7% ( 11.7 % )</td></tr><tr><td>7</td><td>oreo</td><td>165</td><td>appraised value</td><td>appraised value</td><td>nm</td><td>nm</td></tr></table> commercial loans held for sale during 2013 and 2012 , the bancorp transferred $ 5 million and $ 16 million , respectively , of commercial loans from the portfolio to loans held for sale that upon transfer were measured at fair value using significant unobservable inputs . these loans had fair value adjustments in 2013 and 2012 totaling $ 4 million and $ 1 million , respectively , and were generally based on appraisals of the underlying collateral and were therefore , classified within level 3 of the valuation hierarchy . additionally , during 2013 and 2012 there were fair value adjustments on existing commercial loans held for sale of $ 3 million and $ 12 million , respectively . the fair value adjustments were also based on appraisals of the underlying collateral and were therefore classified within level 3 of the valuation hierarchy . an adverse change in the fair value of the underlying collateral would result in a decrease in the fair value measurement . the accounting department determines the procedures for valuation of commercial hfs loans which may include a comparison to recently executed transactions of similar type loans . a monthly review of the portfolio is performed for reasonableness . quarterly , appraisals approaching a year old are updated and the real estate valuation group , which reports to the chief risk and credit officer , in conjunction with the commercial line of business review the third party appraisals for reasonableness . additionally , the commercial line of business finance department , which reports to the bancorp chief financial officer , in conjunction with accounting review all loan appraisal values , carrying values and vintages . commercial loans held for investment during 2013 and 2012 , the bancorp recorded nonrecurring impairment adjustments to certain commercial and industrial , commercial mortgage and commercial construction loans held for investment . larger commercial loans included within aggregate borrower relationship balances exceeding $ 1 million that exhibit probable or observed credit weaknesses are subject to individual review for impairment . the bancorp considers the current value of collateral , credit quality of any guarantees , the guarantor 2019s liquidity and willingness to cooperate , the loan structure and other factors when evaluating whether an individual loan is impaired . when the loan is collateral dependent , the fair value of the loan is generally based on the fair value of the underlying collateral supporting the loan and therefore these loans were classified within level 3 of the valuation hierarchy . in cases where the carrying value exceeds the fair value , an impairment loss is recognized . an adverse change in the fair value of the underlying collateral would result in a decrease in the fair value measurement . the fair values and recognized impairment losses are reflected in the previous table . commercial credit risk , which reports to the chief risk and credit officer , is responsible for preparing and reviewing the fair value estimates for commercial loans held for investment . mortgage interest rates increased during the year ended december 31 , 2013 and the bancorp recognized a recovery of temporary impairment on servicing rights . the bancorp recognized temporary impairments in certain classes of the msr portfolio during the year ended december 31 , 2012 and the carrying value was adjusted to the fair value . msrs do not trade in an active , open market with readily observable prices . while sales of msrs do occur , the precise terms and conditions typically are not readily available . accordingly , the bancorp estimates the fair value of msrs using internal discounted cash flow models with certain unobservable inputs , primarily prepayment speed assumptions , discount rates and weighted average lives , resulting in a classification within level 3 of the valuation hierarchy . refer to note 11 for further information on the assumptions used in the valuation of the bancorp 2019s msrs . the secondary marketing department and treasury department are responsible for determining the valuation methodology for msrs . representatives from secondary marketing , treasury , accounting and risk management are responsible for reviewing key assumptions used in the internal discounted cash flow model . two external valuations of the msr portfolio are obtained from third parties that use valuation models in order to assess the reasonableness of the internal discounted cash flow model . additionally , the bancorp participates in peer surveys that provide additional confirmation of the reasonableness of key assumptions utilized in the msr valuation process and the resulting msr prices . during 2013 and 2012 , the bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties classified as oreo and measured at the lower of carrying amount or fair value . these nonrecurring losses are primarily due to declines in real estate values of the properties recorded in oreo . for the years ended december 31 , 2013 and 2012 , these losses include $ 19 million and $ 17 million , respectively , recorded as charge-offs , on new oreo properties transferred from loans during the respective periods and $ 26 million and $ 57 million , respectively , recorded as negative fair value adjustments on oreo in other noninterest income subsequent to their transfer from loans . as discussed in the following paragraphs , the fair value amounts are generally based on appraisals of the property values , resulting in a .\nQuestion: what were the nonrecurring losses in 2013?\n"
},
{
"role": "agent",
"content": "19.0"
}
] |
CONVFINQA5155
|
[
{
"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 marketaxess holdings inc . notes to consolidated financial statements 2014 ( continued ) of this standard had no material effect on the company 2019s consolidated statements of financial condition and consolidated statements of operations . reclassifications certain reclassifications have been made to the prior years 2019 financial statements in order to conform to the current year presentation . such reclassifications had no effect on previously reported net income . on march 5 , 2008 , the company acquired all of the outstanding capital stock of greenline financial technologies , inc . ( 201cgreenline 201d ) , an illinois-based provider of integration , testing and management solutions for fix-related products and services designed to optimize electronic trading of fixed-income , equity and other exchange-based products , and approximately ten percent of the outstanding capital stock of tradehelm , inc. , a delaware corporation that was spun-out from greenline immediately prior to the acquisition . the acquisition of greenline broadens the range of technology services that the company offers to institutional financial markets , provides an expansion of the company 2019s client base , including global exchanges and hedge funds , and further diversifies the company 2019s revenues beyond the core electronic credit trading products . the results of operations of greenline are included in the consolidated financial statements from the date of the acquisition . the aggregate consideration for the greenline acquisition was $ 41.1 million , comprised of $ 34.7 million in cash , 725923 shares of common stock valued at $ 5.8 million and $ 0.6 million of acquisition-related costs . in addition , the sellers were eligible to receive up to an aggregate of $ 3.0 million in cash , subject to greenline attaining certain earn- out targets in 2008 and 2009 . a total of $ 1.4 million was paid to the sellers in 2009 based on the 2008 earn-out target , bringing the aggregate consideration to $ 42.4 million . the 2009 earn-out target was not met . a total of $ 2.0 million of the purchase price , which had been deposited into escrow accounts to satisfy potential indemnity claims , was distributed to the sellers in march 2009 . the shares of common stock issued to each selling shareholder of greenline were released in two equal installments on december 20 , 2008 and december 20 , 2009 , respectively . the value ascribed to the shares was discounted from the market value to reflect the non-marketability of such shares during the restriction period . the purchase price allocation is as follows ( in thousands ) : the amortizable intangibles include $ 3.2 million of acquired technology , $ 3.3 million of customer relationships , $ 1.3 million of non-competition agreements and $ 0.5 million of tradenames . useful lives of ten years and five years have been assigned to the customer relationships intangible and all other amortizable intangibles , respectively . the identifiable intangible assets and goodwill are not deductible for tax purposes . the following unaudited pro forma consolidated financial information reflects the results of operations of the company for the years ended december 31 , 2008 and 2007 , as if the acquisition of greenline had occurred as of the beginning of the period presented , after giving effect to certain purchase accounting adjustments . these pro forma results are not necessarily indicative of what the company 2019s operating results would have been had the acquisition actually taken place as of the beginning of the earliest period presented . the pro forma financial information 3 . acquisitions . <table class='wikitable'><tr><td>1</td><td>cash</td><td>$ 6406</td></tr><tr><td>2</td><td>accounts receivable</td><td>2139</td></tr><tr><td>3</td><td>amortizable intangibles</td><td>8330</td></tr><tr><td>4</td><td>goodwill</td><td>29405</td></tr><tr><td>5</td><td>deferred tax assets net</td><td>3410</td></tr><tr><td>6</td><td>other assets including investment in tradehelm</td><td>1429</td></tr><tr><td>7</td><td>accounts payable accrued expenses and deferred revenue</td><td>-8701 ( 8701 )</td></tr><tr><td>8</td><td>total purchase price</td><td>$ 42418</td></tr></table> .\nQuestion: in 2009, what percentage of the total aggregate consideration for the greenline acquisition was paid to the sellers based on the 2008 earn-out target?\nAnswer: 0.03302\nQuestion: and what percentage of the purchase price was due to goodwill?\n"
},
{
"role": "agent",
"content": "0.69322"
}
] |
CONVFINQA8985
|
[
{
"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\ngain on business divestitures and impairments , net we strive to have a number one or number two market position in each of the markets we serve , or have a clear path on how we will achieve a leading market position over time . where we cannot establish a leading market position , or where operations are not generating acceptable returns , we may decide to divest certain assets and reallocate resources to other markets . asset or business divestitures could result in gains , losses or asset impairment charges that may be material to our results of operations in a given period . during 2018 , we recorded a net gain on business divestitures , net of asset impairments of $ 44.9 million . during 2017 , we recorded a net gain on business divestitures , net of asset impairments of $ 27.1 million . we also recorded a gain on business divestitures of $ 6.8 million due to the transfer of ownership of the landfill gas collection and control system and the remaining post-closure and environmental liabilities associated with one of our divested landfills . during 2016 , we recorded a charge to earnings of $ 4.6 million primarily related to environmental costs associated with one of our divested landfills . during 2016 , we also recorded a net gain related to a business divestiture of $ 4.7 million . restructuring charges in january 2018 , we eliminated certain positions following the consolidation of select back-office functions , including but not limited to the integration of our national accounts support functions into our existing corporate support functions . these changes include a reduction in administrative staffing and the closure of certain office locations . during 2018 , we incurred restructuring charges of $ 26.4 million that primarily consisted of severance and other employee termination benefits , the closure of offices with non-cancelable lease agreements , and the redesign of our back-office functions and upgrades to certain of our software systems . we paid $ 24.7 million during 2018 related to these restructuring efforts . in january 2016 , we realigned our field support functions by combining our three regions into two field groups , consolidating our areas and streamlining select operational support roles at our phoenix headquarters . additionally , in the second quarter of 2016 , we began the redesign of our back-office functions as well as the consolidation of over 100 customer service locations into three customer resource centers . the redesign of our back-office functions and upgrades to certain of our software systems continued into 2018 . during the years ended december 31 , 2017 and 2016 , we incurred $ 17.6 million and $ 40.7 million of restructuring charges , respectively , that primarily consisted of severance and other employee termination benefits , transition costs , relocation benefits , and the closure of offices with lease agreements with non-cancelable terms . the savings realized from these restructuring efforts have been reinvested in our customer-focused programs and initiatives . interest expense the following table provides the components of interest expense , including accretion of debt discounts and accretion of discounts primarily associated with environmental and risk insurance liabilities assumed in acquisitions ( in millions of dollars ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>interest expense on debt and capital lease obligations</td><td>$ 349.4</td><td>$ 324.8</td><td>$ 324.1</td></tr><tr><td>3</td><td>non-cash interest</td><td>41.2</td><td>43.6</td><td>53.4</td></tr><tr><td>4</td><td>less : capitalized interest</td><td>-6.8 ( 6.8 )</td><td>-6.5 ( 6.5 )</td><td>-6.2 ( 6.2 )</td></tr><tr><td>5</td><td>total interest expense</td><td>$ 383.8</td><td>$ 361.9</td><td>$ 371.3</td></tr></table> total interest expense for 2018 increased compared to 2017 primarily due to the increase in debt outstanding during the period and higher interest rates on floating rate debt . total interest expense for 2017 decreased .\nQuestion: what is the interest expense on debt and capital lease obligations in 2018?\nAnswer: 349.4\nQuestion: what about in 2017?\nAnswer: 324.8\nQuestion: what is the net change among these years?\nAnswer: 24.6\nQuestion: what is the interest expense on debt and capital lease obligations in 2017?\n"
},
{
"role": "agent",
"content": "324.8"
}
] |
CONVFINQA415
|
[
{
"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\nissuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2012 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) amount available for future share repurchases the program ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced program ( a )</td><td>amount available for future share repurchases under the program ( b ) ( in millions )</td></tr><tr><td>2</td><td>october 1 2012 2013 october 28 2012</td><td>842445</td><td>$ 93.38</td><td>842445</td><td>$ 2522</td></tr><tr><td>3</td><td>october 29 2012 2013 november 25 2012</td><td>872973</td><td>90.86</td><td>872973</td><td>2443</td></tr><tr><td>4</td><td>november 26 2012 2013 december 31 2012</td><td>1395288</td><td>92.02</td><td>1395288</td><td>2315</td></tr><tr><td>5</td><td>total</td><td>3110706</td><td>$ 92.07</td><td>3110706</td><td>$ 2315</td></tr></table> ( a ) we repurchased a total of 3.1 million shares of our common stock for $ 286 million during the quarter ended december 31 , 2012 under a share repurchase program that we announced in october 2010 . ( b ) our board of directors has approved a share repurchase program for the repurchase of our common stock from time-to-time , authorizing an amount available for share repurchases of $ 6.5 billion . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . the program does not have an expiration date . as of december 31 , 2012 , we had repurchased a total of 54.3 million shares under the program for $ 4.2 billion. .\nQuestion: what was the number of shares repurchased in october?\nAnswer: 842445.0\nQuestion: what was the average price per share?\n"
},
{
"role": "agent",
"content": "93.38"
}
] |
CONVFINQA4721
|
[
{
"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 a proxy for the refining margin . crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil . as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s . gulf coast crack spreads that we feel most closely track our operations and slate of products . posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation . our refineries can process significant amounts of sour crude oil which typically can be purchased at a discount to sweet crude oil . the amount of this discount , the sweet/sour differential , can vary significantly causing our refining and wholesale marketing gross margin to differ from the crack spreads which are based upon sweet crude . in general , a larger sweet/sour differential will enhance our refining and wholesale marketing gross margin . in 2009 , the sweet/sour differential narrowed , due to a variety of worldwide economic and petroleum industry related factors , primarily related to lower hydrocarbon demand . sour crude accounted for 50 percent , 52 percent and 54 percent of our crude oil processed in 2009 , 2008 and 2007 . the following table lists calculated average crack spreads for the midwest ( chicago ) and gulf coast markets and the sweet/sour differential for the past three years . ( dollars per barrel ) 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( dollars per barrel )</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>chicago lls 6-3-2-1</td><td>$ 3.52</td><td>$ 3.27</td><td>$ 8.87</td></tr><tr><td>3</td><td>u.s . gulf coast lls 6-3-2-1</td><td>$ 2.54</td><td>$ 2.45</td><td>$ 6.42</td></tr><tr><td>4</td><td>sweet/sour differential ( a )</td><td>$ 5.82</td><td>$ 11.99</td><td>$ 11.59</td></tr></table> sweet/sour differential ( a ) $ 5.82 $ 11.99 $ 11.59 ( a ) calculated using the following mix of crude types as compared to lls. : 15% ( 15 % ) arab light , 20% ( 20 % ) kuwait , 10% ( 10 % ) maya , 15% ( 15 % ) western canadian select , 40% ( 40 % ) mars . in addition to the market changes indicated by the crack spreads and sweet/sour differential , our refining and wholesale marketing gross margin is impacted by factors such as : 2022 the types of crude oil and other charge and blendstocks processed , 2022 the selling prices realized for refined products , 2022 the impact of commodity derivative instruments used to manage price risk , 2022 the cost of products purchased for resale , and 2022 changes in manufacturing costs , which include depreciation . manufacturing costs are primarily driven by the cost of energy used by our refineries and the level of maintenance costs . planned turnaround and major maintenance activities were completed at our catlettsburg , garyville , and robinson refineries in 2009 . we performed turnaround and major maintenance activities at our robinson , catlettsburg , garyville and canton refineries in 2008 and at our catlettsburg , robinson and st . paul park refineries in 2007 . our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability . there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year . refined product demand increased for several years until 2008 when it decreased due to the combination of significant increases in retail petroleum prices , a broad slowdown in general economic activity , and the impact of increased ethanol blending into gasoline . in 2009 refined product demand continued to decline . for our marketing area , we estimate a gasoline demand decline of about one percent and a distillate demand decline of about 12 percent from 2008 levels . market demand declines for gasoline and distillates generally reduce the product margin we can realize . we also estimate gasoline and distillate demand in our marketing area decreased about three percent in 2008 compared to 2007 levels . the gross margin on merchandise sold at retail outlets has been historically less volatile. .\nQuestion: what was the average crack spread for sweet/sour differential in 2009?\nAnswer: 5.82\nQuestion: and what was it in 2007?\n"
},
{
"role": "agent",
"content": "11.59"
}
] |
CONVFINQA7067
|
[
{
"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 2013?\nAnswer: 3749.0\nQuestion: and in 2012?\nAnswer: 3365.0\nQuestion: so what is the difference between these two values?\nAnswer: 384.0\nQuestion: and as a percentage of the original value?\n"
},
{
"role": "agent",
"content": "0.11412"
}
] |
CONVFINQA8141
|
[
{
"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 agencies consider many factors in determining the final rating of an insurance company . one consideration is the relative level of statutory surplus necessary to support the business written . statutory surplus represents the capital of the insurance company reported in accordance with accounting practices prescribed by the applicable state insurance department . see part i , item 1a . risk factors 2014 201cdowngrades in our financial strength or credit ratings , which may make our products less attractive , could increase our cost of capital and inhibit our ability to refinance our debt , which would have a material adverse effect on our business , financial condition , results of operations and liquidity . 201d statutory surplus the table below sets forth statutory surplus for the company 2019s insurance companies as of december 31 , 2014 and 2013: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>u.s . life insurance subsidiaries includes domestic captive insurance subsidiaries in 2013</td><td>$ 7157</td><td>$ 6639</td></tr><tr><td>3</td><td>property and casualty insurance subsidiaries</td><td>8069</td><td>8022</td></tr><tr><td>4</td><td>total</td><td>$ 15226</td><td>$ 14661</td></tr></table> statutory capital and surplus for the u.s . life insurance subsidiaries , including domestic captive insurance subsidiaries in 2013 , increased by $ 518 , primarily due to variable annuity surplus impacts of $ 788 , net income from non-variable annuity business of $ 187 , increases in unrealized gains from other invested assets carrying values of $ 138 , partially offset by returns of capital of $ 500 , and changes in reserves on account of change in valuation basis of $ 100 . effective april 30 , 2014 the last domestic captive ceased operations . statutory capital and surplus for the property and casualty insurance increased by $ 47 , primarily due to statutory net income of $ 1.1 billion , and unrealized gains on investments of $ 1.4 billion , largely offset by dividends to the hfsg holding company of $ 2.5 billion . the company also held regulatory capital and surplus for its former operations in japan until the sale of those operations on june 30 , 2014 . under the accounting practices and procedures governed by japanese regulatory authorities , the company 2019s statutory capital and surplus was $ 1.2 billion as of december 31 , 2013. .\nQuestion: what is the balance of u.s . life insurance subsidiaries includes domestic captive insurance subsidiaries in 2014?\nAnswer: 7157.0\nQuestion: what about in 2013?\n"
},
{
"role": "agent",
"content": "6639.0"
}
] |
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