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CONVFINQA6584
|
[
{
"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\ninsurance arrangement . as a result of the adoption of this new guidance , the company recorded a liability representing the actuarial present value of the future death benefits as of the employees 2019 expected retirement date of $ 45 million with the offset reflected as a cumulative-effect adjustment to january 1 , 2008 retained earnings and accumulated other comprehensive income ( loss ) in the amounts of $ 4 million and $ 41 million , respectively , in the company 2019s consolidated statement of stockholders 2019 equity . it is currently expected that minimal , if any , further cash payments will be required to fund these policies . the net periodic cost for these split-dollar life insurance arrangements was $ 6 million in both the years ended december 31 , 2009 and 2008 . the company has recorded a liability representing the actuarial present value of the future death benefits as of the employees 2019 expected retirement date of $ 48 million and $ 47 million as of december 31 , 2009 and december 31 , 2008 , respectively . defined contribution plan the company and certain subsidiaries have various defined contribution plans , in which all eligible employees participate . in the u.s. , the 401 ( k ) plan is a contributory plan . matching contributions are based upon the amount of the employees 2019 contributions . effective january 1 , 2005 , newly hired employees have a higher maximum matching contribution at 4% ( 4 % ) on the first 5% ( 5 % ) of employee contributions , compared to 3% ( 3 % ) on the first 6% ( 6 % ) of employee contributions for employees hired prior to january 2005 . effective january 1 , 2009 , the company temporarily suspended all matching contributions to the motorola 401 ( k ) plan . the company 2019s expenses , primarily relating to the employer match , for all defined contribution plans , for the years ended december 31 , 2009 , 2008 and 2007 were $ 8 million , $ 95 million and $ 116 million , respectively . 8 . share-based compensation plans and other incentive plans stock options , stock appreciation rights and employee stock purchase plan the company grants options to acquire shares of common stock to certain employees , and existing option holders in connection with the merging of option plans following an acquisition . each option granted and stock appreciation right has an exercise price of no less than 100% ( 100 % ) of the fair market value of the common stock on the date of the grant . the awards have a contractual life of five to ten years and vest over two to four years . stock options and stock appreciation rights assumed or replaced with comparable stock options or stock appreciation rights in conjunction with a change in control only become exercisable if the holder is also involuntarily terminated ( for a reason other than cause ) or quits for good reason within 24 months of a change in control . the employee stock purchase plan allows eligible participants to purchase shares of the company 2019s common stock through payroll deductions of up to 10% ( 10 % ) of eligible compensation on an after-tax basis . plan participants cannot purchase more than $ 25000 of stock in any calendar year . the price an employee pays per share is 85% ( 85 % ) of the lower of the fair market value of the company 2019s stock on the close of the first trading day or last trading day of the purchase period . the plan has two purchase periods , the first one from october 1 through march 31 and the second one from april 1 through september 30 . for the years ended december 31 , 2009 , 2008 and 2007 , employees purchased 29.4 million , 18.9 million and 10.2 million shares , respectively , at purchase prices of $ 3.60 and $ 3.68 , $ 7.91 and $ 6.07 , and $ 14.93 and $ 15.02 , respectively . the company calculates the value of each employee stock option , estimated on the date of grant , using the black-scholes option pricing model . the weighted-average estimated fair value of employee stock options granted during 2009 , 2008 and 2007 was $ 2.78 , $ 3.47 and $ 5.95 , respectively , using the following weighted-average assumptions : 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>expected volatility</td><td>57.1% ( 57.1 % )</td><td>56.4% ( 56.4 % )</td><td>28.3% ( 28.3 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.9% ( 1.9 % )</td><td>2.4% ( 2.4 % )</td><td>4.5% ( 4.5 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>0.0% ( 0.0 % )</td><td>2.7% ( 2.7 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>expected life ( years )</td><td>3.9</td><td>5.5</td><td>6.5</td></tr></table> .\nQuestion: what was the net change in the estimated fair value of employee stock options between 2007 and 2008?\n"
},
{
"role": "agent",
"content": "-2.48"
}
] |
CONVFINQA2635
|
[
{
"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\ncgmhi has committed long-term financing facilities with unaffiliated banks . at december 31 , 2010 , cgmhi had drawn down the full $ 900 million available under these facilities , of which $ 150 million is guaranteed by citigroup . generally , a bank can terminate these facilities by giving cgmhi one-year prior notice . the company issues both fixed and variable rate debt in a range of currencies . it uses derivative contracts , primarily interest rate swaps , to effectively convert a portion of its fixed rate debt to variable rate debt and variable rate debt to fixed rate debt . the maturity structure of the derivatives generally corresponds to the maturity structure of the debt being hedged . in addition , the company uses other derivative contracts to manage the foreign exchange impact of certain debt issuances . at december 31 , 2010 , the company 2019s overall weighted average interest rate for long-term debt was 3.53% ( 3.53 % ) on a contractual basis and 2.78% ( 2.78 % ) including the effects of derivative contracts . aggregate annual maturities of long-term debt obligations ( based on final maturity dates ) including trust preferred securities are as follows : long-term debt at december 31 , 2010 and december 31 , 2009 includes $ 18131 million and $ 19345 million , respectively , of junior subordinated debt . the company formed statutory business trusts under the laws of the state of delaware . the trusts exist for the exclusive purposes of ( i ) issuing trust securities representing undivided beneficial interests in the assets of the trust ; ( ii ) investing the gross proceeds of the trust securities in junior subordinated deferrable interest debentures ( subordinated debentures ) of its parent ; and ( iii ) engaging in only those activities necessary or incidental thereto . upon approval from the federal reserve , citigroup has the right to redeem these securities . citigroup has contractually agreed not to redeem or purchase ( i ) the 6.50% ( 6.50 % ) enhanced trust preferred securities of citigroup capital xv before september 15 , 2056 , ( ii ) the 6.45% ( 6.45 % ) enhanced trust preferred securities of citigroup capital xvi before december 31 , 2046 , ( iii ) the 6.35% ( 6.35 % ) enhanced trust preferred securities of citigroup capital xvii before march 15 , 2057 , ( iv ) the 6.829% ( 6.829 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xviii before june 28 , 2047 , ( v ) the 7.250% ( 7.250 % ) enhanced trust preferred securities of citigroup capital xix before august 15 , 2047 , ( vi ) the 7.875% ( 7.875 % ) enhanced trust preferred securities of citigroup capital xx before december 15 , 2067 , and ( vii ) the 8.300% ( 8.300 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xxi before december 21 , 2067 , unless certain conditions , described in exhibit 4.03 to citigroup 2019s current report on form 8-k filed on september 18 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on november 28 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on march 8 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on july 2 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on august 17 , 2007 , in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on november 27 , 2007 , and in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on december 21 , 2007 , respectively , are met . these agreements are for the benefit of the holders of citigroup 2019s 6.00% ( 6.00 % ) junior subordinated deferrable interest debentures due 2034 . citigroup owns all of the voting securities of these subsidiary trusts . these subsidiary trusts have no assets , operations , revenues or cash flows other than those related to the issuance , administration , and repayment of the subsidiary trusts and the subsidiary trusts 2019 common securities . these subsidiary trusts 2019 obligations are fully and unconditionally guaranteed by citigroup. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>thereafter</td></tr><tr><td>2</td><td>bank</td><td>$ 35066</td><td>$ 38280</td><td>$ 8013</td><td>$ 7620</td><td>$ 6380</td><td>$ 17875</td></tr><tr><td>3</td><td>non-bank</td><td>15213</td><td>25950</td><td>7858</td><td>5187</td><td>3416</td><td>18381</td></tr><tr><td>4</td><td>parent company</td><td>21194</td><td>30004</td><td>21348</td><td>19096</td><td>12131</td><td>88171</td></tr><tr><td>5</td><td>total</td><td>$ 71473</td><td>$ 94234</td><td>$ 37219</td><td>$ 31903</td><td>$ 21927</td><td>$ 124427</td></tr></table> .\nQuestion: what proportion of total subsidiary trusts obligations is attributable to the bank in 2011?\n"
},
{
"role": "agent",
"content": "0.49062"
}
] |
CONVFINQA9930
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nequity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2018 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 399165 $ 0.00 3995600 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>399165</td><td>$ 0.00</td><td>3995600</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 2 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>399165</td><td>$ 0.00</td><td>3995600</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the \"2012 plan\" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the \"2011 plan\" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 27123 were stock rights granted under the 2011 plan . in addition , this number includes 31697 stock rights , 5051 restricted stock rights , and 335293 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .\nQuestion: what is the total number of securities to be issued upon exercise of outstanding options warrants and rights?\nAnswer: 399165.0\nQuestion: what is the total number of securities remaining available for future issuance under equity compensation plans?\nAnswer: 3995600.0\nQuestion: what is the sum?\n"
},
{
"role": "agent",
"content": "4394765.0"
}
] |
CONVFINQA1703
|
[
{
"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 , 2017 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 9127</td></tr><tr><td>2</td><td>2019</td><td>8336</td></tr><tr><td>3</td><td>2020</td><td>8350</td></tr><tr><td>4</td><td>2021</td><td>7741</td></tr><tr><td>5</td><td>2022</td><td>7577</td></tr><tr><td>6</td><td>thereafter</td><td>9873</td></tr><tr><td>7</td><td>total minimum future lease payments</td><td>$ 51004</td></tr></table> rent expense for all operating leases amounted to $ 9.4 million , $ 8.1 million and $ 5.4 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . financing obligation 2014build-to-suit lease in august 2012 , we executed a lease for a building then under construction in santa clara , california to serve as our headquarters . the lease term is 120 months and commenced in august 2013 . based on the terms of the lease agreement and due to our involvement in certain aspects of the construction , we were deemed the owner of the building ( for accounting purposes only ) during the construction period . upon completion of construction in 2013 , we concluded that we had forms of continued economic involvement in the facility , and therefore did not meet with the provisions for sale-leaseback accounting . we continue to maintain involvement in the property post construction and lack transferability of the risks and rewards of ownership , due to our required maintenance of a $ 4.0 million letter of credit , in addition to our ability and option to sublease our portion of the leased building for fees substantially higher than our base rate . therefore , the lease is accounted for as a financing obligation and lease payments will be attributed to ( 1 ) a reduction of the principal financing obligation ; ( 2 ) imputed interest expense ; and ( 3 ) land lease expense , representing an imputed cost to lease the underlying land of the building . at the conclusion of the initial lease term , we will de-recognize both the net book values of the asset and the remaining financing obligation . as of december 31 , 2017 and 2016 , we have recorded assets of $ 53.4 million , representing the total costs of the building and improvements incurred , including the costs paid by the lessor ( the legal owner of the building ) and additional improvement costs paid by us , and a corresponding financing obligation of $ 39.6 million and $ 41.2 million , respectively . as of december 31 , 2017 , $ 1.9 million and $ 37.7 million were recorded as short-term and long-term financing obligations , respectively . land lease expense under our lease financing obligation amounted to $ 1.3 million for each of the years ended december 31 , 2017 , 2016 and 2015 respectively. .\nQuestion: what was the total of future minimum payments under non-cancelable operating leases in 2018?\nAnswer: 9127.0\nQuestion: and what was it in 2019?\nAnswer: 8336.0\nQuestion: how much, then, did the 2018 total represent in relation to the 2019 one?\nAnswer: 1.09489\nQuestion: and in the two years precedent to this period, what was the total rent expense, in millions?\n"
},
{
"role": "agent",
"content": "17.5"
}
] |
CONVFINQA9234
|
[
{
"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 capital deployment program will be subject to market and economic conditions , applicable legal requirements and other relevant factors . our capital deployment program does not obligate us to continue a dividend for any fixed period , and payment of dividends may be suspended at any time at our discretion . stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing . the following stock performance graph compares our cumulative total stockholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2015 . the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends . the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/9/2013</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td></tr><tr><td>2</td><td>american airlines group inc .</td><td>$ 100</td><td>$ 103</td><td>$ 219</td><td>$ 175</td></tr><tr><td>3</td><td>amex airline index</td><td>100</td><td>102</td><td>152</td><td>127</td></tr><tr><td>4</td><td>s&p 500</td><td>100</td><td>102</td><td>114</td><td>113</td></tr></table> purchases of equity securities by the issuer and affiliated purchasers since july 2014 , our board of directors has approved several share repurchase programs aggregating $ 7.0 billion of authority of which , as of december 31 , 2015 , $ 2.4 billion remained unused under repurchase programs .\nQuestion: what was the value of american airlines in 2015?\nAnswer: 175.0\nQuestion: what was the value in 2014?\nAnswer: 219.0\nQuestion: what was the difference from 2014 to 2015?\nAnswer: -44.0\nQuestion: what is the percent decrease?\n"
},
{
"role": "agent",
"content": "-0.20091"
}
] |
CONVFINQA2738
|
[
{
"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\npension plan assets pension assets include public equities , government and corporate bonds , cash and cash equivalents , private real estate funds , private partnerships , hedge funds , and other assets . plan assets are held in a master trust and overseen by the company's investment committee . all assets are externally managed through a combination of active and passive strategies . managers may only invest in the asset classes for which they have been appointed . the investment committee is responsible for setting the policy that provides the framework for management of the plan assets . the investment committee has set the minimum and maximum permitted values for each asset class in the company's pension plan master trust for the year ended december 31 , 2018 , as follows: . <table class='wikitable'><tr><td>1</td><td>u.s . equities</td><td>range 15</td><td>range -</td><td>range 36% ( 36 % )</td></tr><tr><td>2</td><td>international equities</td><td>10</td><td>-</td><td>29% ( 29 % )</td></tr><tr><td>3</td><td>fixed income securities</td><td>25</td><td>-</td><td>50% ( 50 % )</td></tr><tr><td>4</td><td>alternative investments</td><td>10</td><td>-</td><td>25% ( 25 % )</td></tr></table> the general objectives of the company's pension asset strategy are to earn a rate of return over time to satisfy the benefit obligations of the plans , meet minimum erisa funding requirements , and maintain sufficient liquidity to pay benefits and address other cash requirements within the master trust . specific investment objectives include reducing the volatility of pension assets relative to benefit obligations , achieving a competitive , total investment return , achieving diversification between and within asset classes , and managing other risks . investment objectives for each asset class are determined based on specific risks and investment opportunities identified . decisions regarding investment policies and asset allocation are made with the understanding of the historical and prospective return and risk characteristics of various asset classes , the effect of asset allocations on funded status , future company contributions , and projected expenditures , including benefits . the company updates its asset allocations periodically . the company uses various analytics to determine the optimal asset mix and considers plan obligation characteristics , duration , liquidity characteristics , funding requirements , expected rates of return , regular rebalancing , and the distribution of returns . actual allocations to each asset class could vary from target allocations due to periodic investment strategy changes , short-term market value fluctuations , the length of time it takes to fully implement investment allocation positions , such as real estate and other alternative investments , and the timing of benefit payments and company contributions . taking into account the asset allocation ranges , the company determines the specific allocation of the master trust's investments within various asset classes . the master trust utilizes select investment strategies , which are executed through separate account or fund structures with external investment managers who demonstrate experience and expertise in the appropriate asset classes and styles . the selection of investment managers is done with careful evaluation of all aspects of performance and risk , demonstrated fiduciary responsibility , investment management experience , and a review of the investment managers' policies and processes . investment performance is monitored frequently against appropriate benchmarks and tracked to compliance guidelines with the assistance of third party consultants and performance evaluation tools and metrics . plan assets are stated at fair value . the company employs a variety of pricing sources to estimate the fair value of its pension plan assets , including independent pricing vendors , dealer or counterparty-supplied valuations , third- party appraisals , and appraisals prepared by the company's investment managers or other experts . investments in equity securities , common and preferred , are valued at the last reported sales price when an active market exists . securities for which official or last trade pricing on an active exchange is available are classified as level 1 . if closing prices are not available , securities are valued at the last trade price , if deemed reasonable , or a broker's quote in a non-active market , and are typically categorized as level 2 . investments in fixed-income securities are generally valued by independent pricing services or dealers who make markets in such securities . pricing methods are based upon market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders , and fixed-income securities typically are categorized as level 2. .\nQuestion: what is the maximum permitted value for u.s equities in the company's pension plan?\n"
},
{
"role": "agent",
"content": "0.36"
}
] |
CONVFINQA79
|
[
{
"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\nshareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five- year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2008 at the closing price on the last trading day of 2008 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 81 of the standard & poor's 500 companies , representing 17 diversified financial services companies , 22 insurance companies , 19 real estate companies and 23 banking companies . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s. , and is composed of 24 leading national money center and regional banks and thrifts. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2009</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td></tr><tr><td>2</td><td>state street corporation</td><td>$ 100</td><td>$ 111</td><td>$ 118</td><td>$ 105</td><td>$ 125</td><td>$ 198</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>126</td><td>146</td><td>149</td><td>172</td><td>228</td></tr><tr><td>4</td><td>s&p financial index</td><td>100</td><td>117</td><td>132</td><td>109</td><td>141</td><td>191</td></tr><tr><td>5</td><td>kbw bank index</td><td>100</td><td>98</td><td>121</td><td>93</td><td>122</td><td>168</td></tr></table> .\nQuestion: what is the fraction change of the investment in s&p500 from 2008 to 2013?\nAnswer: 2.28\nQuestion: what is the initial value in 2008?\nAnswer: 100.0\nQuestion: what percentage change does this repreent?\n"
},
{
"role": "agent",
"content": "0.0228"
}
] |
CONVFINQA4845
|
[
{
"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\nperformance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index . <table class='wikitable'><tr><td>1</td><td>date</td><td>pmi</td><td>pmi peer group ( 1 )</td><td>s&p 500 index</td></tr><tr><td>2</td><td>december 31 2012</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>december 31 2013</td><td>$ 108.50</td><td>$ 122.80</td><td>$ 132.40</td></tr><tr><td>4</td><td>december 31 2014</td><td>$ 106.20</td><td>$ 132.50</td><td>$ 150.50</td></tr><tr><td>5</td><td>december 31 2015</td><td>$ 120.40</td><td>$ 143.50</td><td>$ 152.60</td></tr><tr><td>6</td><td>december 31 2016</td><td>$ 130.80</td><td>$ 145.60</td><td>$ 170.80</td></tr><tr><td>7</td><td>december 31 2017</td><td>$ 156.80</td><td>$ 172.70</td><td>$ 208.10</td></tr></table> ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc . was removed following the completion of its acquisition by british american tobacco p.l.c . on july 25 , 2017 . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. .\nQuestion: what was the pmi value at the end of 2017 less 100?\n"
},
{
"role": "agent",
"content": "56.8"
}
] |
CONVFINQA10055
|
[
{
"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 diluted earnings per share calculation excludes stock options , sars , restricted stock and units and performance units and stock that were anti-dilutive . shares underlying the excluded stock options and sars totaled 2.6 million , 10.3 million and 10.2 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . for the year ended december 31 , 2016 , 4.5 million shares of restricted stock and restricted stock units and performance units and performance stock were excluded . 10 . supplemental cash flow information net cash paid for interest and income taxes was as follows for the years ended december 31 , 2017 , 2016 and 2015 ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>interest net of capitalized interest</td><td>$ 275305</td><td>$ 252030</td><td>$ 222088</td></tr><tr><td>3</td><td>income taxes net of refunds received</td><td>$ 188946</td><td>$ -39293 ( 39293 )</td><td>$ 41108</td></tr></table> eog's accrued capital expenditures at december 31 , 2017 , 2016 and 2015 were $ 475 million , $ 388 million and $ 416 million , respectively . non-cash investing activities for the year ended december 31 , 2017 included non-cash additions of $ 282 million to eog's oil and gas properties as a result of property exchanges . non-cash investing activities for the year ended december 31 , 2016 included $ 3834 million in non-cash additions to eog's oil and gas properties related to the yates transaction ( see note 17 ) . 11 . business segment information eog's operations are all crude oil and natural gas exploration and production related . the segment reporting topic of the asc establishes standards for reporting information about operating segments in annual financial statements . operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker , or decision-making group , in deciding how to allocate resources and in assessing performance . eog's chief operating decision-making process is informal and involves the chairman of the board and chief executive officer and other key officers . this group routinely reviews and makes operating decisions related to significant issues associated with each of eog's major producing areas in the united states , trinidad , the united kingdom and china . for segment reporting purposes , the chief operating decision maker considers the major united states producing areas to be one operating segment. .\nQuestion: what was the interest net of capitalized interest in 2017?\nAnswer: 275305.0\nQuestion: and what was it in 2016?\nAnswer: 252030.0\nQuestion: what was, then, the 2017 amount as a portion of the 2016?\nAnswer: 1.09235\nQuestion: and what is this value without the portion equivalent to the 2016 amount?\n"
},
{
"role": "agent",
"content": "0.09235"
}
] |
CONVFINQA5045
|
[
{
"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 : the company's other expense consists of the following: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2013</td><td>year ended december 31 , 2012</td></tr><tr><td>2</td><td>foreign currency losses net</td><td>$ -1115 ( 1115 )</td><td>$ -1401 ( 1401 )</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>69</td><td>-4 ( 4 )</td></tr><tr><td>4</td><td>total other expense net</td><td>$ -1046 ( 1046 )</td><td>$ -1405 ( 1405 )</td></tr></table> income tax provision : the company recorded income tax expense of $ 77.2 million and had income before income taxes of $ 322.5 million for the year ended december 31 , 2013 , representing an effective tax rate of 23.9% ( 23.9 % ) . during the year ended december 31 , 2012 , the company recorded income tax expense of $ 90.1 million and had income before income taxes of $ 293.5 million , representing an effective tax rate of 30.7% ( 30.7 % ) . in december 2013 , the company received notice from the irs that the joint committee on taxation took no exception to the company's tax returns that were filed for 2009 and 2010 . an $ 11.0 million tax benefit was recognized in the company's 2013 financial results as the company had effectively settled uncertainty regarding the realization of refund claims filed in connection with the 2009 and 2010 returns . in the u.s. , which is the largest jurisdiction where the company receives such a tax credit , the availability of the research and development credit expired at the end of the 2011 tax year . in january 2013 , the u.s . congress passed legislation that reinstated the research and development credit retroactive to 2012 . the income tax provision for the year ended december 31 , 2013 includes approximately $ 2.3 million related to the reinstated research and development credit for 2012 activity . the decrease in the effective tax rate from the prior year is primarily due to the release of an uncertain tax position mentioned above , the reinstatement of the u.s . research and development credit mentioned above , and cash repatriation activities . when compared to the federal and state combined statutory rate , the effective tax rates for the years ended december 31 , 2013 and 2012 were favorably impacted by lower statutory tax rates in many of the company 2019s foreign jurisdictions , the domestic manufacturing deduction and tax benefits associated with the merger of the company 2019s japan subsidiaries in 2010 . net income : the company 2019s net income for the year ended december 31 , 2013 was $ 245.3 million as compared to net income of $ 203.5 million for the year ended december 31 , 2012 . diluted earnings per share was $ 2.58 for the year ended december 31 , 2013 and $ 2.14 for the year ended december 31 , 2012 . the weighted average shares used in computing diluted earnings per share were 95.1 million and 95.0 million for the years ended december 31 , 2013 and 2012 , respectively . table of contents .\nQuestion: what was the difference in foreign currency losses net between 2012 and 2013?\n"
},
{
"role": "agent",
"content": "-286.0"
}
] |
CONVFINQA5586
|
[
{
"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 payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 notes . 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities , including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 notes . 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes , which were repaid in december 2014 at maturity , and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2019 ( the 201c2019 notes 201d ) . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors from barclays on december 1 , 2009 , and for general corporate purposes . interest on the 2019 notes of approximately $ 50 million per year is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 notes . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund-of-funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2017 notes . 13 . commitments and contingencies operating lease commitments the company leases its primary office spaces under agreements that expire through 2035 . future minimum commitments under these operating leases are as follows : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>amount</td></tr><tr><td>2</td><td>2017</td><td>142</td></tr><tr><td>3</td><td>2018</td><td>135</td></tr><tr><td>4</td><td>2019</td><td>125</td></tr><tr><td>5</td><td>2020</td><td>120</td></tr><tr><td>6</td><td>2021</td><td>112</td></tr><tr><td>7</td><td>thereafter</td><td>404</td></tr><tr><td>8</td><td>total</td><td>$ 1038</td></tr></table> rent expense and certain office equipment expense under lease agreements amounted to $ 134 million , $ 136 million and $ 132 million in 2016 , 2015 and 2014 , respectively . investment commitments . at december 31 , 2016 , the company had $ 192 million of various capital commitments to fund sponsored investment funds , including consolidated vies . these funds include private equity funds , real assets funds , and opportunistic funds . this amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds . in addition to the capital commitments of $ 192 million , the company had approximately $ 12 million of contingent commitments for certain funds which have investment periods that have expired . generally , the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment . these unfunded commitments are not recorded on the consolidated statements of financial condition . these commitments do not include potential future commitments approved by the company that are not yet legally binding . the company intends to make additional capital commitments from time to time to fund additional investment products for , and with , its clients . contingencies contingent payments related to business acquisitions . in connection with certain acquisitions , blackrock is required to make contingent payments , subject to achieving specified performance targets , which may include revenue related to acquired contracts or new capital commitments for certain products . the fair value of the remaining aggregate contingent payments at december 31 , 2016 totaled $ 115 million and is included in other liabilities on the consolidated statement of financial condition . other contingent payments . the company acts as the portfolio manager in a series of derivative transactions and has a maximum potential exposure of $ 17 million between the company and counterparty . see note 7 , derivatives and hedging , for further discussion . legal proceedings . from time to time , blackrock receives subpoenas or other requests for information from various u.s . federal , state governmental and domestic and international regulatory authorities in connection with .\nQuestion: what was the change in rent expense and rent certain office expenses from 2016 to 2017?\nAnswer: 8.0\nQuestion: what was the value in 2016?\n"
},
{
"role": "agent",
"content": "134.0"
}
] |
CONVFINQA8944
|
[
{
"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 ) the estimated future benefit payments expected to be paid are presented below . domestic pension plan foreign pension plans domestic postretirement benefit plan . <table class='wikitable'><tr><td>1</td><td>years</td><td>domesticpension plan</td><td>foreignpension plans</td><td>domestic postretirementbenefit plan</td></tr><tr><td>2</td><td>2019</td><td>$ 14.5</td><td>$ 21.7</td><td>$ 3.0</td></tr><tr><td>3</td><td>2020</td><td>8.8</td><td>18.7</td><td>2.8</td></tr><tr><td>4</td><td>2021</td><td>8.0</td><td>19.8</td><td>2.6</td></tr><tr><td>5</td><td>2022</td><td>8.3</td><td>20.9</td><td>2.4</td></tr><tr><td>6</td><td>2023</td><td>7.8</td><td>21.8</td><td>2.2</td></tr><tr><td>7</td><td>2024 - 2028</td><td>36.7</td><td>117.2</td><td>9.8</td></tr></table> the estimated future payments for our domestic postretirement benefit plan are net of any estimated u.s . federal subsidies expected to be received under the medicare prescription drug , improvement and modernization act of 2003 , which total no more than $ 0.3 in any individual year . savings plans we sponsor defined contribution plans ( the 201csavings plans 201d ) that cover substantially all domestic employees . the savings plans permit participants to make contributions on a pre-tax and/or after-tax basis and allow participants to choose among various investment alternatives . we match a portion of participant contributions based upon their years of service . amounts expensed for the savings plans for 2018 , 2017 and 2016 were $ 52.6 , $ 47.2 and $ 47.0 , respectively . expenses include a discretionary company contribution of $ 6.7 , $ 3.6 and $ 6.1 offset by participant forfeitures of $ 5.8 , $ 4.6 and $ 4.4 in 2018 , 2017 and 2016 , respectively . in addition , we maintain defined contribution plans in various foreign countries and contributed $ 51.3 , $ 47.4 and $ 44.5 to these plans in 2018 , 2017 and 2016 , respectively . deferred compensation and benefit arrangements we have deferred compensation and benefit arrangements which ( i ) permit certain of our key officers and employees to defer a portion of their salary or incentive compensation or ( ii ) require us to contribute an amount to the participant 2019s account . these arrangements may provide participants with the amounts deferred plus interest upon attaining certain conditions , such as completing a certain number of years of service , attaining a certain age or upon retirement or termination . as of december 31 , 2018 and 2017 , the deferred compensation and deferred benefit liability balance was $ 196.2 and $ 213.2 , respectively . amounts expensed for deferred compensation and benefit arrangements in 2018 , 2017 and 2016 were $ 10.0 , $ 18.5 and $ 18.5 , respectively . we have purchased life insurance policies on participants 2019 lives to assist in the funding of the related deferred compensation and deferred benefit liabilities . as of december 31 , 2018 and 2017 , the cash surrender value of these policies was $ 177.3 and $ 177.4 , respectively . long-term disability plan we have a long-term disability plan which provides income replacement benefits to eligible participants who are unable to perform their job duties or any job related to his or her education , training or experience . as all income replacement benefits are fully insured , no related obligation is required as of december 31 , 2018 and 2017 . in addition to income replacement benefits , plan participants may remain covered for certain health and life insurance benefits up to normal retirement age , and accordingly , we have recorded an obligation of $ 5.9 and $ 8.4 as of december 31 , 2018 and 2017 , respectively. .\nQuestion: what was the net value change in the deferred compensation and deferred benefit liability balance between 2017 and 2018?\nAnswer: 17.0\nQuestion: what was the deferred compensation and deferred benefit liability balance in 2017?\n"
},
{
"role": "agent",
"content": "213.2"
}
] |
CONVFINQA9687
|
[
{
"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 as of december 31 , 2010 and 2009 , the company had $ 295.4 million and $ 295.0 million net , respectively ( $ 300.0 million aggregate principal amount ) outstanding under the 7.25% ( 7.25 % ) notes . as of december 31 , 2010 and 2009 , the carrying value includes a discount of $ 4.6 million and $ 5.0 million , respectively . 5.0% ( 5.0 % ) convertible notes 2014the 5.0% ( 5.0 % ) convertible notes due 2010 ( 201c5.0% ( 201c5.0 % ) notes 201d ) matured on february 15 , 2010 , and interest was payable semiannually on february 15 and august 15 of each year . the 5.0% ( 5.0 % ) notes were convertible at any time into shares of the company 2019s class a common stock ( 201ccommon stock 201d ) at a conversion price of $ 51.50 per share , subject to adjustment in certain cases . as of december 31 , 2010 and 2009 , the company had none and $ 59.7 million outstanding , respectively , under the 5.0% ( 5.0 % ) notes . ati 7.25% ( 7.25 % ) senior subordinated notes 2014the ati 7.25% ( 7.25 % ) notes were issued with a maturity of december 1 , 2011 and interest was payable semi-annually in arrears on june 1 and december 1 of each year . the ati 7.25% ( 7.25 % ) notes were jointly and severally guaranteed on a senior subordinated basis by the company and substantially all of the wholly owned domestic restricted subsidiaries of ati and the company , other than spectrasite and its subsidiaries . the notes ranked junior in right of payment to all existing and future senior indebtedness of ati , the sister guarantors ( as defined in the indenture relating to the notes ) and their domestic restricted subsidiaries . the ati 7.25% ( 7.25 % ) notes were structurally senior in right of payment to all other existing and future indebtedness of the company , including the company 2019s senior notes , convertible notes and the revolving credit facility and term loan . during the year ended december 31 , 2010 , ati issued a notice for the redemption of the principal amount of its outstanding ati 7.25% ( 7.25 % ) notes . in accordance with the redemption provisions and the indenture for the ati 7.25% ( 7.25 % ) notes , the notes were redeemed at a price equal to 100.00% ( 100.00 % ) of the principal amount , plus accrued and unpaid interest up to , but excluding , september 23 , 2010 , for an aggregate purchase price of $ 0.3 million . as of december 31 , 2010 and 2009 , the company had none and $ 0.3 million , respectively , outstanding under the ati 7.25% ( 7.25 % ) notes . capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 46.3 million and $ 59.0 million as of december 31 , 2010 and 2009 , respectively . these obligations bear interest at rates ranging from 2.5% ( 2.5 % ) to 9.3% ( 9.3 % ) and mature in periods ranging from less than one year to approximately seventy years . maturities 2014as of december 31 , 2010 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2011</td><td>$ 74896</td></tr><tr><td>2</td><td>2012</td><td>625884</td></tr><tr><td>3</td><td>2013</td><td>618</td></tr><tr><td>4</td><td>2014</td><td>1750479</td></tr><tr><td>5</td><td>2015</td><td>600489</td></tr><tr><td>6</td><td>thereafter</td><td>2541858</td></tr><tr><td>7</td><td>total cash obligations</td><td>5594224</td></tr><tr><td>8</td><td>unamortized discounts and premiums net</td><td>-6836 ( 6836 )</td></tr><tr><td>9</td><td>balance as of december 31 2010</td><td>$ 5587388</td></tr></table> .\nQuestion: what was the change in the balance of capital lease obligations and notes payable between 2009 and 2010?\nAnswer: -12.7\nQuestion: and the percentage change?\n"
},
{
"role": "agent",
"content": "-0.21525"
}
] |
CONVFINQA352
|
[
{
"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 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 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 , 2005 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 201020092008200720062005 s&p 500 ups dj transport . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/05</td><td>12/31/06</td><td>12/31/07</td><td>12/31/08</td><td>12/31/09</td><td>12/31/10</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 101.76</td><td>$ 98.20</td><td>$ 78.76</td><td>$ 84.87</td><td>$ 110.57</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.79</td><td>$ 122.16</td><td>$ 76.96</td><td>$ 97.33</td><td>$ 111.99</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 109.82</td><td>$ 111.38</td><td>$ 87.52</td><td>$ 103.79</td><td>$ 131.59</td></tr></table> .\nQuestion: what was the performance value of the united parcel service inc . in 2010?\nAnswer: 110.57\nQuestion: and what was the change in this performance from 2005 to 2010?\nAnswer: 10.57\nQuestion: what is, then, the return on that stock, or how much does this change represent in relation to that performance value in 2005, in percentage?\nAnswer: 0.1057\nQuestion: what was the change in the performance value of the standard & poor 2019s 500 index from 2005 to 2010?\n"
},
{
"role": "agent",
"content": "11.99"
}
] |
CONVFINQA1845
|
[
{
"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-based compensation 2013 we have several stock-based compensation plans under which employees and non-employee directors receive stock options , nonvested retention shares , and nonvested stock units . we refer to the nonvested shares and stock units collectively as 201cretention awards 201d . we issue treasury shares to cover option exercises and stock unit vestings , while new shares are issued when retention shares vest . we adopted fasb statement no . 123 ( r ) , share-based payment ( fas 123 ( r ) ) , on january 1 , 2006 . fas 123 ( r ) requires us to measure and recognize compensation expense for all stock-based awards made to employees and directors , including stock options . compensation expense is based on the calculated fair value of the awards as measured at the grant date and is expensed ratably over the service period of the awards ( generally the vesting period ) . the fair value of retention awards is the stock price on the date of grant , while the fair value of stock options is determined by using the black-scholes option pricing model . we elected to use the modified prospective transition method as permitted by fas 123 ( r ) and did not restate financial results for prior periods . we did not make an adjustment for the cumulative effect of these estimated forfeitures , as the impact was not material . as a result of the adoption of fas 123 ( r ) , we recognized expense for stock options in 2006 , in addition to retention awards , which were expensed prior to 2006 . stock-based compensation expense for the year ended december 31 , 2006 was $ 22 million , after tax , or $ 0.08 per basic and diluted share . this includes $ 9 million for stock options and $ 13 million for retention awards for 2006 . before taxes , stock-based compensation expense included $ 14 million for stock options and $ 21 million for retention awards for 2006 . we recorded $ 29 million of excess tax benefits as an inflow of financing activities in the consolidated statement of cash flows for the year ended december 31 , 2006 . prior to the adoption of fas 123 ( r ) , we applied the recognition and measurement principles of accounting principles board opinion no . 25 , accounting for stock issued to employees , and related interpretations . no stock- based employee compensation expense related to stock option grants was reflected in net income , as all options granted under those plans had a grant price equal to the market value of our common stock on the date of grant . stock-based compensation expense related to retention shares , stock units , and other incentive plans was reflected in net income . the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the years ended december 31 , 2005 and 2004 based on the fair value method under fasb statement no . 123 , accounting for stock-based compensation . pro forma stock-based compensation expense year ended december 31 , millions of dollars , except per share amounts 2005 2004 . <table class='wikitable'><tr><td>1</td><td>pro forma stock-based compensation expense</td><td>pro forma stock-based compensation expense</td><td>-</td></tr><tr><td>2</td><td>millions of dollars except per share amounts</td><td>2005</td><td>2004</td></tr><tr><td>3</td><td>net income as reported</td><td>$ 1026</td><td>$ 604</td></tr><tr><td>4</td><td>stock-based employee compensation expense reported in net income net of tax</td><td>13</td><td>13</td></tr><tr><td>5</td><td>total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a]</td><td>-50 ( 50 )</td><td>-35 ( 35 )</td></tr><tr><td>6</td><td>pro forma net income</td><td>$ 989</td><td>$ 582</td></tr><tr><td>7</td><td>earnings per share 2013 basic as reported</td><td>$ 3.89</td><td>$ 2.33</td></tr><tr><td>8</td><td>earnings per share 2013 basic pro forma</td><td>$ 3.75</td><td>$ 2.25</td></tr><tr><td>9</td><td>earnings per share 2013 diluted as reported</td><td>$ 3.85</td><td>$ 2.30</td></tr><tr><td>10</td><td>earnings per share 2013 diluted pro forma</td><td>$ 3.71</td><td>$ 2.22</td></tr></table> [a] stock options for executives granted in 2003 and 2002 included a reload feature . this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes . the reload feature of these option grants could only be exercised if the .\nQuestion: what was earnings per share 2013 basic pro forma in 2004?\nAnswer: 2.25\nQuestion: what were earnings per share 2013 diluted pro forma in 2004?\n"
},
{
"role": "agent",
"content": "2.22"
}
] |
CONVFINQA6431
|
[
{
"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 utilized average prices per acre from comparable market transactions and estimated discounted cash flows as the basis for determining the fair value of unproved and proved properties , respectively , received in non-cash property exchanges . see note 10 . fair value of debt . at december 31 , 2018 and 2017 , respectively , eog had outstanding $ 6040 million and $ 6390 million aggregate principal amount of senior notes , which had estimated fair values of approximately $ 6027 million and $ 6602 million , respectively . the estimated fair value of debt was based upon quoted market prices and , where such prices were not available , other observable ( level 2 ) inputs regarding interest rates available to eog at year-end . 14 . accounting for certain long-lived assets eog reviews its proved oil and gas properties for impairment purposes by comparing the expected undiscounted future cash flows at a depreciation , depletion and amortization group level to the unamortized capitalized cost of the asset . the carrying values for assets determined to be impaired were adjusted to estimated fair value using the income approach described in the fair value measurement topic of the asc . in certain instances , eog utilizes accepted offers from third-party purchasers as the basis for determining fair value . during 2018 , proved oil and gas properties with a carrying amount of $ 139 million were written down to their fair value of $ 18 million , resulting in pretax impairment charges of $ 121 million . during 2017 , proved oil and gas properties with a carrying amount of $ 370 million were written down to their fair value of $ 146 million , resulting in pretax impairment charges of $ 224 million . impairments in 2018 , 2017 and 2016 included domestic legacy natural gas assets . amortization and impairments of unproved oil and gas property costs , including amortization of capitalized interest , were $ 173 million , $ 211 million and $ 291 million during 2018 , 2017 and 2016 , respectively . 15 . asset retirement obligations the following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property , plant and equipment for the years ended december 31 , 2018 and 2017 ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>carrying amount at beginning of period</td><td>$ 946848</td><td>$ 912926</td></tr><tr><td>3</td><td>liabilities incurred</td><td>79057</td><td>54764</td></tr><tr><td>4</td><td>liabilities settled ( 1 )</td><td>-70829 ( 70829 )</td><td>-61871 ( 61871 )</td></tr><tr><td>5</td><td>accretion</td><td>36622</td><td>34708</td></tr><tr><td>6</td><td>revisions</td><td>-38932 ( 38932 )</td><td>-9818 ( 9818 )</td></tr><tr><td>7</td><td>foreign currency translations</td><td>1611</td><td>16139</td></tr><tr><td>8</td><td>carrying amount at end of period</td><td>$ 954377</td><td>$ 946848</td></tr><tr><td>9</td><td>current portion</td><td>$ 26214</td><td>$ 19259</td></tr><tr><td>10</td><td>noncurrent portion</td><td>$ 928163</td><td>$ 927589</td></tr></table> ( 1 ) includes settlements related to asset sales . the current and noncurrent portions of eog's asset retirement obligations are included in current liabilities - other and other liabilities , respectively , on the consolidated balance sheets. .\nQuestion: how much did the liabilities incurred in 2018 represent in relation to the ones incurred in 2017?\nAnswer: 1.44359\nQuestion: and what is this value excluding the portion equivalent to the 2017 liabilities?\nAnswer: 0.44359\nQuestion: and in the first year of that period, what was the beginning carrying amount, in millions?\nAnswer: 912.926\nQuestion: what percentage did the carrying amount of proved oil and gas properties represent in relation to this value?\n"
},
{
"role": "agent",
"content": "0.40529"
}
] |
CONVFINQA2151
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries . as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , 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 , 2018 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td><td>2020</td><td>2021</td><td>2022</td><td>2023</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>deferred acquisition payments</td><td>$ 65.7</td><td>$ 20.0</td><td>$ 23.6</td><td>$ 4.7</td><td>$ 10.2</td><td>$ 2.7</td><td>$ 126.9</td></tr><tr><td>3</td><td>redeemable noncontrolling interests and call options with affiliates1</td><td>30.1</td><td>30.6</td><td>42.9</td><td>5.7</td><td>3.5</td><td>2.5</td><td>115.3</td></tr><tr><td>4</td><td>total contingent acquisition payments</td><td>$ 95.8</td><td>$ 50.6</td><td>$ 66.5</td><td>$ 10.4</td><td>$ 13.7</td><td>$ 5.2</td><td>$ 242.2</td></tr></table> 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 . these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities . the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements . see note 5 for further information relating to the payment structure of our acquisitions . legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business . the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts . the company had previously investigated the matter and taken a number of remedial and disciplinary actions . the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 . the company has previously provided for such settlement in its consolidated financial statements. .\nQuestion: what is the value of deferred acquisition payments in 2019?\nAnswer: 65.7\nQuestion: what is the total value of deferred acquisition payments?\nAnswer: 126.9\nQuestion: what fraction is due in 2019?\nAnswer: 0.51773\nQuestion: what percentage does this represent?\n"
},
{
"role": "agent",
"content": "51.77305"
}
] |
CONVFINQA148
|
[
{
"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\noff-balance sheet transactions contractual obligations as of december 31 , 2017 , our contractual obligations with initial or remaining terms in excess of one year , including interest payments on long-term debt obligations , were as follows ( in thousands ) : the table above does not include $ 0.5 million of unrecognized tax benefits ( we refer you to the notes to the consolidated financial statements note 201410 201cincome tax 201d ) . certain service providers may require collateral in the normal course of our business . the amount of collateral may change based on certain terms and conditions . as a routine part of our business , depending on market conditions , exchange rates , pricing and our strategy for growth , we regularly consider opportunities to enter into contracts for the building of additional ships . we may also consider the sale of ships , potential acquisitions and strategic alliances . if any of these transactions were to occur , they may be financed through the incurrence of additional permitted indebtedness , through cash flows from operations , or through the issuance of debt , equity or equity-related securities . funding sources certain of our debt agreements contain covenants that , among other things , require us to maintain a minimum level of liquidity , as well as limit our net funded debt-to-capital ratio , maintain certain other ratios and restrict our ability to pay dividends . substantially all of our ships and other property and equipment are pledged as collateral for certain of our debt . we believe we were in compliance with these covenants as of december 31 , 2017 . the impact of changes in world economies and especially the global credit markets can create a challenging environment and may reduce future consumer demand for cruises and adversely affect our counterparty credit risks . in the event this environment deteriorates , our business , financial condition and results of operations could be adversely impacted . we believe our cash on hand , expected future operating cash inflows , additional available borrowings under our new revolving loan facility and our ability to issue debt securities or additional equity securities , will be sufficient to fund operations , debt payment requirements , capital expenditures and maintain compliance with covenants under our debt agreements over the next twelve-month period . there is no assurance that cash flows from operations and additional financings will be available in the future to fund our future obligations . less than 1 year 1-3 years 3-5 years more than 5 years long-term debt ( 1 ) $ 6424582 $ 619373 $ 1248463 $ 3002931 $ 1553815 operating leases ( 2 ) 131791 15204 28973 26504 61110 ship construction contracts ( 3 ) 6138219 1016892 1363215 1141212 2616900 port facilities ( 4 ) 138308 30509 43388 23316 41095 interest ( 5 ) 947967 218150 376566 203099 150152 other ( 6 ) 168678 54800 73653 23870 16355 . <table class='wikitable'><tr><td>1</td><td>-</td><td>total</td><td>less than1 year</td><td>1-3 years</td><td>3-5 years</td><td>more than5 years</td></tr><tr><td>2</td><td>long-term debt ( 1 )</td><td>$ 6424582</td><td>$ 619373</td><td>$ 1248463</td><td>$ 3002931</td><td>$ 1553815</td></tr><tr><td>3</td><td>operating leases ( 2 )</td><td>131791</td><td>15204</td><td>28973</td><td>26504</td><td>61110</td></tr><tr><td>4</td><td>ship construction contracts ( 3 )</td><td>6138219</td><td>1016892</td><td>1363215</td><td>1141212</td><td>2616900</td></tr><tr><td>5</td><td>port facilities ( 4 )</td><td>138308</td><td>30509</td><td>43388</td><td>23316</td><td>41095</td></tr><tr><td>6</td><td>interest ( 5 )</td><td>947967</td><td>218150</td><td>376566</td><td>203099</td><td>150152</td></tr><tr><td>7</td><td>other ( 6 )</td><td>168678</td><td>54800</td><td>73653</td><td>23870</td><td>16355</td></tr><tr><td>8</td><td>total</td><td>$ 13949545</td><td>$ 1954928</td><td>$ 3134258</td><td>$ 4420932</td><td>$ 4439427</td></tr></table> ( 1 ) includes discount and premiums aggregating $ 0.5 million . also includes capital leases . the amount excludes deferred financing fees which are included in the consolidated balance sheets as an offset to long-term debt . ( 2 ) primarily for offices , motor vehicles and office equipment . ( 3 ) for our newbuild ships based on the euro/u.s . dollar exchange rate as of december 31 , 2017 . export credit financing is in place from syndicates of banks . ( 4 ) primarily for our usage of certain port facilities . ( 5 ) includes fixed and variable rates with libor held constant as of december 31 , 2017 . ( 6 ) future commitments for service , maintenance and other business enhancement capital expenditure contracts. .\nQuestion: what is the balance of total long-term debt ?\n"
},
{
"role": "agent",
"content": "6424582.0"
}
] |
CONVFINQA2883
|
[
{
"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\nconstruction of cvn-79 john f . kennedy , construction of the u.s . coast guard 2019s fifth national security cutter ( unnamed ) , advance planning efforts for the cvn-72 uss abraham lincoln rcoh , and continued execution of the cvn-71 uss theodore roosevelt rcoh . 2010 2014the value of new contract awards during the year ended december 31 , 2010 , was approximately $ 3.6 billion . significant new awards during this period included $ 480 million for the construction of the u.s . coast guard 2019s fourth national security cutter hamilton , $ 480 million for design and long-lead material procurement activities for the cvn-79 john f . kennedy aircraft carrier , $ 377 million for cvn-78 gerald r . ford , $ 224 million for lha-7 ( unnamed ) , $ 184 million for lpd-26 john p . murtha , $ 114 million for ddg-114 ralph johnson and $ 62 million for long-lead material procurement activities for lpd-27 ( unnamed ) . liquidity and capital resources we endeavor to ensure the most efficient conversion of operating results into cash for deployment in operating our businesses and maximizing stockholder value . we use various financial measures to assist in capital deployment decision making , including net cash provided by operating activities and free cash flow . we believe these measures are useful to investors in assessing our financial performance . the table below summarizes key components of cash flow provided by ( used in ) operating activities: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>year ended december 31 2011</td><td>year ended december 31 2010</td><td>year ended december 31 2009</td></tr><tr><td>2</td><td>net earnings ( loss )</td><td>$ -94 ( 94 )</td><td>$ 135</td><td>$ 124</td></tr><tr><td>3</td><td>goodwill impairment</td><td>290</td><td>0</td><td>0</td></tr><tr><td>4</td><td>deferred income taxes</td><td>27</td><td>-19 ( 19 )</td><td>-98 ( 98 )</td></tr><tr><td>5</td><td>depreciation and amortization</td><td>190</td><td>183</td><td>186</td></tr><tr><td>6</td><td>stock-based compensation</td><td>42</td><td>0</td><td>0</td></tr><tr><td>7</td><td>retiree benefit funding less than ( in excess of ) expense</td><td>122</td><td>33</td><td>-28 ( 28 )</td></tr><tr><td>8</td><td>trade working capital decrease ( increase )</td><td>-49 ( 49 )</td><td>27</td><td>-272 ( 272 )</td></tr><tr><td>9</td><td>net cash provided by ( used in ) operating activities</td><td>$ 528</td><td>$ 359</td><td>$ -88 ( 88 )</td></tr></table> cash flows we discuss below our major operating , investing and financing activities for each of the three years in the period ended december 31 , 2011 , as classified on our consolidated statements of cash flows . operating activities 2011 2014cash provided by operating activities was $ 528 million in 2011 compared with $ 359 million in 2010 . the increase of $ 169 million was due principally to increased earnings net of impairment charges and lower pension contributions , offset by an increase in trade working capital . net cash paid by northrop grumman on our behalf for u.s . federal income tax obligations was $ 53 million . we expect cash generated from operations for 2012 to be sufficient to service debt , meet contract obligations , and finance capital expenditures . although 2012 cash from operations is expected to be sufficient to service these obligations , we may from time to time borrow funds under our credit facility to accommodate timing differences in cash flows . 2010 2014net cash provided by operating activities was $ 359 million in 2010 compared with cash used of $ 88 million in 2009 . the change of $ 447 million was due principally to a decrease in discretionary pension contributions of $ 97 million , a decrease in trade working capital of $ 299 million , and a decrease in deferred income taxes of $ 79 million . in 2009 , trade working capital balances included the unfavorable impact of delayed customer billings associated with the negative performance adjustments on the lpd-22 through lpd-25 contract due to projected cost increases at completion . see note 7 : contract charges in item 8 . the change in deferred taxes was due principally to the timing of contract related deductions . u.s . federal income tax payments made by northrop grumman on our behalf were $ 89 million in 2010. .\nQuestion: what is the net income in 2010?\n"
},
{
"role": "agent",
"content": "135.0"
}
] |
CONVFINQA5608
|
[
{
"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\n52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s . subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s . tax cost of approximately $ 250 million and $ 110 million , respectively . the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions . in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed . the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 . additionally , the internal revenue service has completed its examination of the company 2019s u.s . federal income tax returns filed for years through 2010 . the examination of the company 2019s u.s . federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 . a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 82</td><td>$ 107</td><td>$ 111</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>12</td><td>12</td><td>15</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9</td><td>2</td><td>17</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-10 ( 10 )</td><td>-12 ( 12 )</td><td>-19 ( 19 )</td></tr><tr><td>6</td><td>pre-acquisition unrecognized tax benefits</td><td>2014</td><td>2</td><td>2014</td></tr><tr><td>7</td><td>reductions for expiration of the applicable statute of limitations</td><td>-10 ( 10 )</td><td>-6 ( 6 )</td><td>-7 ( 7 )</td></tr><tr><td>8</td><td>settlements</td><td>2014</td><td>-23 ( 23 )</td><td>-8 ( 8 )</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2</td><td>2014</td><td>-2 ( 2 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 85</td><td>$ 82</td><td>$ 107</td></tr></table> the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant . the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 . the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense . as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively . the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties . the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 . 13 . pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide . the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k . which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s . defined benefit pension plans represent the majority . ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s . and canadian employees and their dependents . these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion . the company has the right to modify or terminate certain of these benefit plans in the future . salaried and certain hourly employees in the u.s . hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits . salaried employees in the u.s . hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s . hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan . these employees are not eligible for defined benefit pension plan benefits . plan design changes in january 2011 , the company approved an amendment to one of its u.s . defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s . projected benefit obligation at december 31 , 2011 . depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 . the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen . the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million . the company made similar changes to certain other u.s . defined benefit pension plans in 2011 . the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 . the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future . separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements .\nQuestion: what was the value of unrecognized tax benefits at the end of 2012?\nAnswer: 82.0\nQuestion: what was the value at the end of 2011?\nAnswer: 107.0\nQuestion: what is the net change in value?\n"
},
{
"role": "agent",
"content": "-25.0"
}
] |
CONVFINQA8773
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits . concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas . we provide services to commercial , industrial , municipal and residential customers in the united states and puerto rico . we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables . we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information . accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal and other services . our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash . the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value . provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions . we also review outstanding balances on an account-specific basis . in general , reserves are provided for accounts receivable in excess of 90 days outstanding . past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due . the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 38.3</td><td>$ 45.3</td><td>$ 48.1</td></tr><tr><td>3</td><td>additions charged to expense</td><td>22.6</td><td>16.1</td><td>29.7</td></tr><tr><td>4</td><td>accounts written-off</td><td>-22.0 ( 22.0 )</td><td>-23.1 ( 23.1 )</td><td>-32.5 ( 32.5 )</td></tr><tr><td>5</td><td>balance at end of year</td><td>$ 38.9</td><td>$ 38.3</td><td>$ 45.3</td></tr></table> restricted cash and marketable securities as of december 31 , 2014 , we had $ 115.6 million of restricted cash and marketable securities . we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers . the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance . as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets . in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance . at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts . property and equipment we record property and equipment at cost . expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred . when property is retired or otherwise disposed , the related cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in the consolidated statements of income. .\nQuestion: what was the beginning balance for the allowance for doubtful accounts in 2014?\nAnswer: 38.3\nQuestion: and in 2013?\n"
},
{
"role": "agent",
"content": "45.3"
}
] |
CONVFINQA10412
|
[
{
"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\nair mobility sales declined by $ 535 million primarily due to c-130j deliveries ( 12 in 2006 compared to 15 in 2005 ) and lower volume on the c-5 program . combat aircraft sales increased by $ 292 million mainly due to higher f-35 and f-22 volume , partially offset by reduced volume on f-16 programs . other aeronautics programs sales increased by $ 83 million primarily due to higher volume in sustainment services activities . operating profit for the segment increased 21% ( 21 % ) in 2007 compared to 2006 . operating profit increases in combat aircraft more than offset decreases in other aeronautics programs and air mobility . combat aircraft operating profit increased $ 326 million mainly due to improved performance on f-22 and f-16 programs . air mobility and other aeronautics programs declined $ 77 million due to lower operating profit in support and sustainment activities . operating profit for the segment increased 20% ( 20 % ) in 2006 compared to 2005 . operating profit increased in both combat aircraft and air mobility . combat aircraft increased $ 114 million , mainly due to higher volume on the f-35 and f-22 programs , and improved performance on f-16 programs . the improvement for the year was also attributable in part to the fact that in 2005 , operating profit included a reduction in earnings on the f-35 program . air mobility operating profit increased $ 84 million , mainly due to improved performance on c-130j sustainment activities in 2006 . backlog decreased in 2007 as compared to 2006 primarily as a result of sales volume on the f-35 program . this decrease was offset partially by increased orders on the f-22 and c-130j programs . electronic systems electronic systems 2019 operating results included the following : ( in millions ) 2007 2006 2005 . <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>net sales</td><td>$ 11143</td><td>$ 10519</td><td>$ 9811</td></tr><tr><td>3</td><td>operating profit</td><td>1410</td><td>1264</td><td>1078</td></tr><tr><td>4</td><td>backlog at year-end</td><td>21200</td><td>19700</td><td>18600</td></tr></table> net sales for electronic systems increased by 6% ( 6 % ) in 2007 compared to 2006 . sales increased in missiles & fire control ( m&fc ) , maritime systems & sensors ( ms2 ) , and platform , training & energy ( pt&e ) . m&fc sales increased $ 258 million mainly due to higher volume in fire control systems and air defense programs , which more than offset declines in tactical missile programs . ms2 sales grew $ 254 million due to volume increases in undersea and radar systems activities that were offset partially by decreases in surface systems activities . pt&e sales increased $ 113 million , primarily due to higher volume in platform integration activities , which more than offset declines in distribution technology activities . net sales for electronic systems increased by 7% ( 7 % ) in 2006 compared to 2005 . higher volume in platform integration activities led to increased sales of $ 329 million at pt&e . ms2 sales increased $ 267 million primarily due to surface systems activities . air defense programs contributed to increased sales of $ 118 million at m&fc . operating profit for the segment increased by 12% ( 12 % ) in 2007 compared to 2006 , representing an increase in all three lines of business during the year . operating profit increased $ 70 million at pt&e primarily due to higher volume and improved performance on platform integration activities . ms2 operating profit increased $ 32 million due to higher volume on undersea and tactical systems activities that more than offset lower volume on surface systems activities . at m&fc , operating profit increased $ 32 million due to higher volume in fire control systems and improved performance in tactical missile programs , which partially were offset by performance on certain international air defense programs in 2006 . operating profit for the segment increased by 17% ( 17 % ) in 2006 compared to 2005 . operating profit increased by $ 74 million at ms2 mainly due to higher volume on surface systems and undersea programs . pt&e operating profit increased $ 61 million mainly due to improved performance on distribution technology activities . higher volume on air defense programs contributed to a $ 52 million increase in operating profit at m&fc . the increase in backlog during 2007 over 2006 resulted primarily from increased orders for certain tactical missile programs and fire control systems at m&fc and platform integration programs at pt&e. .\nQuestion: what is the backlog at the end of 2006?\nAnswer: 19700.0\nQuestion: what about 2005?\nAnswer: 18600.0\nQuestion: what is the difference\nAnswer: 1100.0\nQuestion: what is the backlog at the end of 2005?\nAnswer: 18600.0\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "0.05914"
}
] |
CONVFINQA5160
|
[
{
"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\nwestrock company notes to consolidated financial statements 2014 ( continued ) our results of operations for the fiscal years ended september 30 , 2019 , 2018 and 2017 include share-based compensation expense of $ 64.2 million , $ 66.8 million and $ 60.9 million , respectively , including $ 2.9 million included in the gain on sale of hh&b in fiscal 2017 . share-based compensation expense in fiscal 2017 was reduced by $ 5.4 million for the rescission of shares granted to our ceo that were inadvertently granted in excess of plan limits in fiscal 2014 and 2015 . the total income tax benefit in the results of operations in connection with share-based compensation was $ 16.3 million , $ 19.4 million and $ 22.5 million , for the fiscal years ended september 30 , 2019 , 2018 and 2017 , respectively . cash received from share-based payment arrangements for the fiscal years ended september 30 , 2019 , 2018 and 2017 was $ 61.5 million , $ 44.4 million and $ 59.2 million , respectively . equity awards issued in connection with acquisitions in connection with the kapstone acquisition , we replaced certain outstanding awards of restricted stock units granted under the kapstone long-term incentive plan with westrock stock options and restricted stock units . no additional shares will be granted under the kapstone plan . the kapstone equity awards were replaced with awards with identical terms utilizing an approximately 0.83 conversion factor as described in the merger agreement . the acquisition consideration included approximately $ 70.8 million related to outstanding kapstone equity awards related to service prior to the effective date of the kapstone acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards . as part of the kapstone acquisition , we issued 2665462 options that were valued at a weighted average fair value of $ 20.99 per share using the black-scholes option pricing model . the weighted average significant assumptions used were: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td></tr><tr><td>2</td><td>expected term in years</td><td>3.1</td></tr><tr><td>3</td><td>expected volatility</td><td>27.7% ( 27.7 % )</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>3.0% ( 3.0 % )</td></tr><tr><td>5</td><td>dividend yield</td><td>4.1% ( 4.1 % )</td></tr></table> in connection with the mps acquisition , we replaced certain outstanding awards of restricted stock units granted under the mps long-term incentive plan with westrock restricted stock units . no additional shares will be granted under the mps plan . the mps equity awards were replaced with identical terms utilizing an approximately 0.33 conversion factor as described in the merger agreement . as part of the mps acquisition , we granted 119373 awards of restricted stock units , which contain service conditions and were valued at $ 54.24 per share . the acquisition consideration included approximately $ 1.9 million related to outstanding mps equity awards related to service prior to the effective date of the mps acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards . stock options and stock appreciation rights stock options granted under our plans generally have an exercise price equal to the closing market price on the date of the grant , generally vest in three years , in either one tranche or in approximately one-third increments , and have 10-year contractual terms . however , a portion of our grants are subject to earlier expense recognition due to retirement eligibility rules . presently , other than circumstances such as death , disability and retirement , grants will include a provision requiring both a change of control and termination of employment to accelerate vesting . at the date of grant , we estimate the fair value of stock options granted using a black-scholes option pricing model . we use historical data to estimate option exercises and employee terminations in determining the expected term in years for stock options . expected volatility is calculated based on the historical volatility of our stock . the risk-free interest rate is based on u.s . treasury securities in effect at the date of the grant of the stock options . the dividend yield is estimated based on our historic annual dividend payments and current expectations for the future . other than in connection with replacement awards in connection with acquisitions , we did not grant any stock options in fiscal 2019 , 2018 and 2017. .\nQuestion: how many shares were issued as part of kapstone acquisition?\nAnswer: 2665462.0\nQuestion: what is the weighted average fair value per share?\n"
},
{
"role": "agent",
"content": "20.99"
}
] |
CONVFINQA9839
|
[
{
"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\nsystem energy resources , inc . management's financial discussion and analysis with syndicated bank letters of credit . in december 2004 , system energy amended these letters of credit and they now expire in may 2009 . system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long- term authorization extends through june 2009 . system energy's 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>2008</td><td>2007</td><td>2006</td><td>2005</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>$ 42915</td><td>$ 53620</td><td>$ 88231</td><td>$ 277287</td></tr></table> in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans . see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters . management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations . because environmental regulations are subject to change , future compliance costs cannot be precisely estimated . critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .\nQuestion: what is the balance of system energy's receivables from the money pool in 2007?\nAnswer: 53620.0\nQuestion: what about in 2008?\n"
},
{
"role": "agent",
"content": "42915.0"
}
] |
CONVFINQA4809
|
[
{
"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 union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 31868 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26020 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and review revenue by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group : millions 2012 2011 2010 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>agricultural</td><td>$ 3280</td><td>$ 3324</td><td>$ 3018</td></tr><tr><td>3</td><td>automotive</td><td>1807</td><td>1510</td><td>1271</td></tr><tr><td>4</td><td>chemicals</td><td>3238</td><td>2815</td><td>2425</td></tr><tr><td>5</td><td>coal</td><td>3912</td><td>4084</td><td>3489</td></tr><tr><td>6</td><td>industrial products</td><td>3494</td><td>3166</td><td>2639</td></tr><tr><td>7</td><td>intermodal</td><td>3955</td><td>3609</td><td>3227</td></tr><tr><td>8</td><td>total freight revenues</td><td>$ 19686</td><td>$ 18508</td><td>$ 16069</td></tr><tr><td>9</td><td>other revenues</td><td>1240</td><td>1049</td><td>896</td></tr><tr><td>10</td><td>total operatingrevenues</td><td>$ 20926</td><td>$ 19557</td><td>$ 16965</td></tr></table> although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are revenues from our mexico business which amounted to $ 1.9 billion in 2012 , $ 1.8 billion in 2011 , and $ 1.6 billion in 2010 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .\nQuestion: what was the total of revenues from mexico in 2012, in millions?\nAnswer: 1900.0\nQuestion: how much does this total represent in relation to the total operating revenues from 2012?\n"
},
{
"role": "agent",
"content": "0.0908"
}
] |
CONVFINQA7325
|
[
{
"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 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 16 , 2017 , there were 60763 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by the board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment . the board of directors presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve and our primary bank regulators as part of the comprehensive capital analysis and review ( ccar ) process as described in the supervision and regulation section in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and other factors that could limit our ability to pay dividends , as well as restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see the supervision and regulation section in item 1 , item 1a risk factors , the capital and liquidity management portion of the risk management section in item 7 , and note 10 borrowed funds , note 15 equity and note 18 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference additional information relating to pnc common stock under the common stock prices/ dividends declared section in the statistical information ( unaudited ) section of item 8 of this report . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2016 in the table ( with introductory paragraph and notes ) that appears in item 12 of this report . our stock transfer agent and registrar is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 registered shareholders may contact this phone number regarding dividends and other shareholder services . we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2016 are included in the following table : in thousands , except per share data 2016 period total shares purchased ( a ) average paid per total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) . <table class='wikitable'><tr><td>1</td><td>2016 period</td><td>total sharespurchased ( a )</td><td>averagepricepaid pershare</td><td>total sharespurchased aspartofpubliclyannouncedprograms ( b )</td><td>maximumnumber ofshares thatmay yet bepurchasedundertheprograms ( b )</td></tr><tr><td>2</td><td>october 1 2013 31</td><td>2277</td><td>$ 91.15</td><td>2245</td><td>61962</td></tr><tr><td>3</td><td>november 1 2013 30</td><td>1243</td><td>$ 103.50</td><td>1243</td><td>60719</td></tr><tr><td>4</td><td>december 1 2013 31</td><td>1449</td><td>$ 115.65</td><td>1449</td><td>59270</td></tr><tr><td>5</td><td>total</td><td>4969</td><td>$ 101.39</td><td>-</td><td>-</td></tr></table> ( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements . note 11 employee benefit plans and note 12 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock . ( b ) on march 11 , 2015 , we announced that our board of directors approved the establishment of a stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 . repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process . in june 2016 , we announced share repurchase programs of up to $ 2.0 billion for the four quarter period beginning with the third quarter of 2016 , including repurchases of up to $ 200 million related to employee benefit plans . in january 2017 , we announced a $ 300 million increase in our share repurchase programs for this period . in the fourth quarter of 2016 , we repurchased 4.9 million shares of common stock on the open market , with an average price of $ 101.47 per share and an aggregate repurchase price of $ .5 billion . see the liquidity and capital management portion of the risk management section in item 7 of this report for more information on the share repurchase programs under the share repurchase authorization for the period july 1 , 2016 through june 30 , 2017 included in the 2016 capital plan accepted by the federal reserve . 28 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: in the month of october of 2013, what percentage of the total shares purchased were acquired as part of publicly announced programs?\n"
},
{
"role": "agent",
"content": "0.98595"
}
] |
CONVFINQA10722
|
[
{
"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 the allocation of the purchase price was finalized during the year ended december 31 , 2012 . the following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : purchase price allocation . <table class='wikitable'><tr><td>1</td><td>-</td><td>final purchase price allocation</td></tr><tr><td>2</td><td>non-current assets</td><td>$ 2</td></tr><tr><td>3</td><td>property and equipment</td><td>3590</td></tr><tr><td>4</td><td>intangible assets ( 1 )</td><td>1062</td></tr><tr><td>5</td><td>other non-current liabilities</td><td>-91 ( 91 )</td></tr><tr><td>6</td><td>fair value of net assets acquired</td><td>$ 4563</td></tr><tr><td>7</td><td>goodwill ( 2 )</td><td>89</td></tr></table> ( 1 ) consists of customer-related intangibles of approximately $ 0.4 million and network location intangibles of approximately $ 0.7 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . colombia 2014colombia movil acquisition 2014on july 17 , 2011 , the company entered into a definitive agreement with colombia movil s.a . e.s.p . ( 201ccolombia movil 201d ) , whereby atc sitios infraco , s.a.s. , a colombian subsidiary of the company ( 201catc infraco 201d ) , would purchase up to 2126 communications sites from colombia movil for an aggregate purchase price of approximately $ 182.0 million . from december 21 , 2011 through the year ended december 31 , 2012 , atc infraco completed the purchase of 1526 communications sites for an aggregate purchase price of $ 136.2 million ( including contingent consideration of $ 17.3 million ) , subject to post-closing adjustments . through a subsidiary , millicom international cellular s.a . ( 201cmillicom 201d ) exercised its option to acquire an indirect , substantial non-controlling interest in atc infraco . under the terms of the agreement , the company is required to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash paying lease agreements . based on the company 2019s current estimates , the value of potential contingent consideration payments required to be made under the amended agreement is expected to be between zero and $ 32.8 million and is estimated to be $ 17.3 million using a probability weighted average of the expected outcomes at december 31 , 2012 . during the year ended december 31 , 2012 , the company recorded a reduction in fair value of $ 1.2 million , which is included in other operating expenses in the consolidated statements of operations. .\nQuestion: on july 17, 2011, what was the aggregate purchase price of the communications sites acquired from colombia movil?\nAnswer: 182.0\nQuestion: and what was the number of those sites?\nAnswer: 2126.0\nQuestion: what was, then, the average purchase price per site?\n"
},
{
"role": "agent",
"content": "0.08561"
}
] |
CONVFINQA2464
|
[
{
"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 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 . all debt and common and preferred stock issuances by entergy mississippi require prior regulatory approval . a0 a0preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indenture , and other agreements . a0 a0entergy mississippi has sufficient capacity under these tests to meet its foreseeable capital needs . entergy mississippi 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>2017</td><td>2016</td><td>2015</td><td>2014</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>$ 1633</td><td>$ 10595</td><td>$ 25930</td><td>$ 644</td></tr></table> see note 4 to the financial statements for a description of the money pool . entergy mississippi has four separate credit facilities in the aggregate amount of $ 102.5 million scheduled to expire may 2018 . no borrowings were outstanding under the credit facilities as of december a031 , 2017 . a0 a0in addition , entergy mississippi is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december a031 , 2017 , a $ 15.3 million letter of credit was outstanding under entergy mississippi 2019s uncommitted letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy mississippi obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 175 million at any time outstanding and long-term borrowings and security issuances . see note 4 to the financial statements for further discussion of entergy mississippi 2019s short-term borrowing limits . entergy mississippi , inc . management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery the rates that entergy mississippi charges for electricity significantly influence its financial position , results of operations , and liquidity . entergy mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the mpsc , is primarily responsible for approval of the rates charged to customers . formula rate plan in march 2016 , entergy mississippi submitted its formula rate plan 2016 test year filing showing entergy mississippi 2019s projected earned return for the 2016 calendar year to be below the formula rate plan bandwidth . the filing showed a $ 32.6 million rate increase was necessary to reset entergy mississippi 2019s earned return on common equity to the specified point of adjustment of 9.96% ( 9.96 % ) , within the formula rate plan bandwidth . in june 2016 the mpsc approved entergy mississippi 2019s joint stipulation with the mississippi public utilities staff . the joint stipulation provided for a total revenue increase of $ 23.7 million . the revenue increase includes a $ 19.4 million increase through the formula rate plan , resulting in a return on common equity point of adjustment of 10.07% ( 10.07 % ) . the revenue increase also includes $ 4.3 million in incremental ad valorem tax expenses to be collected through an updated ad valorem tax adjustment rider . the revenue increase and ad valorem tax adjustment rider were effective with the july 2016 bills . in march 2017 , entergy mississippi submitted its formula rate plan 2017 test year filing and 2016 look-back filing showing entergy mississippi 2019s earned return for the historical 2016 calendar year and projected earned return for the 2017 calendar year to be within the formula rate plan bandwidth , resulting in no change in rates . in june 2017 , entergy mississippi and the mississippi public utilities staff entered into a stipulation that confirmed that entergy .\nQuestion: what is the sum of receivables from the money pool in 2017 and 2016?\nAnswer: 12228.0\nQuestion: what is the sum including 2015?\n"
},
{
"role": "agent",
"content": "38158.0"
}
] |
CONVFINQA449
|
[
{
"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\navailable information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector during the fourth quarter of 2014 . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2014</td><td>$ 62.2</td></tr><tr><td>4</td><td>2013</td><td>195.0</td></tr><tr><td>5</td><td>2012</td><td>410.0</td></tr><tr><td>6</td><td>2011</td><td>1300.4</td></tr><tr><td>7</td><td>2010</td><td>571.1</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .\nQuestion: what was the total of pre-tax catastrophe losses in 2014?\n"
},
{
"role": "agent",
"content": "62.2"
}
] |
CONVFINQA9533
|
[
{
"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\nprojected payments relating to these liabilities for the next five years ending december 31 , 2012 and the period from 2013 to 2017 are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 980</td></tr><tr><td>2</td><td>2009</td><td>1185</td></tr><tr><td>3</td><td>2010</td><td>978</td></tr><tr><td>4</td><td>2011</td><td>1022</td></tr><tr><td>5</td><td>2012</td><td>1425</td></tr><tr><td>6</td><td>2013 - 2017</td><td>$ 8147</td></tr></table> ( 18 ) concentration of risk the company generates a significant amount of revenue from large customers , however , no customers accounted for more than 10% ( 10 % ) of total revenue or total segment revenue in the years ended december 31 , 2007 , 2006 and 2005 . financial instruments that potentially subject the company to concentrations of credit risk consist primarily of cash equivalents and trade receivables . the company places its cash equivalents with high credit quality financial institutions and , by policy , limits the amount of credit exposure with any one financial institution . concentrations of credit risk with respect to trade receivables are limited because a large number of geographically diverse customers make up the company 2019s customer base , thus spreading the trade receivables credit risk . the company controls credit risk through monitoring procedures . ( 19 ) segment information upon completion of the certegy merger , the company implemented a new organizational structure , which resulted in a new operating segment structure beginning with the reporting of first quarter 2006 results . effective as of february 1 , 2006 , the company 2019s operating segments are tps and lps . this structure reflects how the businesses are operated and managed . the primary components of the tps segment , which includes certegy 2019s card and check services , the financial institution processing component of the former financial institution software and services segment of fis and the operations acquired from efunds , are enterprise solutions , integrated financial solutions and international businesses . the primary components of the lps segment are mortgage information services businesses , which includes the mortgage lender processing component of the former financial institution software and services segment of fis , and the former lender services , default management , and information services segments of fis . fidelity national information services , inc . and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) .\nQuestion: what was the value of projected payments in 2010?\nAnswer: 978.0\nQuestion: what was the value in 2009?\nAnswer: 1185.0\nQuestion: what is the net difference?\nAnswer: -207.0\nQuestion: what was the 2009 value?\n"
},
{
"role": "agent",
"content": "1185.0"
}
] |
CONVFINQA6544
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nin 2016 , arconic also recognized discrete income tax benefits related to the release of valuation allowances on certain net deferred tax assets in russia and canada of $ 19 and $ 20 respectively . after weighing all available evidence , management determined that it was more likely than not that the net income tax benefits associated with the underlying deferred tax assets would be realizable based on historic cumulative income and projected taxable income . arconic also recorded additional valuation allowances in australia of $ 93 related to the separation transaction , in spain of $ 163 related to a tax law change and in luxembourg of $ 280 related to the separation transaction as well as a tax law change . these valuation allowances fully offset current year changes in deferred tax asset balances of each respective jurisdiction , resulting in no net impact to tax expense . the need for a valuation allowance will be reassessed on a continuous basis in future periods by each jurisdiction and , as a result , the allowances may increase or decrease based on changes in facts and circumstances . in 2015 , arconic recognized an additional $ 141 discrete income tax charge for valuation allowances on certain deferred tax assets in iceland and suriname . of this amount , an $ 85 valuation allowance was established on the full value of the deferred tax assets in suriname , which were related mostly to employee benefits and tax loss carryforwards . these deferred tax assets have an expiration period ranging from 2016 to 2022 ( as of december 31 , 2015 ) . the remaining $ 56 charge relates to a valuation allowance established on a portion of the deferred tax assets recorded in iceland . these deferred tax assets have an expiration period ranging from 2017 to 2023 . after weighing all available positive and negative evidence , as described above , management determined that it was no longer more likely than not that arconic will realize the tax benefit of either of these deferred tax assets . this was mainly driven by a decline in the outlook of the primary metals business , combined with prior year cumulative losses and a short expiration period . in december 2011 , one of arconic 2019s former subsidiaries in brazil applied for a tax holiday related to its expanded mining and refining operations . during 2013 , the application was amended and re-filed and , separately , a similar application was filed for another one of arconic 2019s former subsidiaries in brazil . the deadline for the brazilian government to deny the application was july 11 , 2014 . since arconic did not receive notice that its applications were denied , the tax holiday took effect automatically on july 12 , 2014 . as a result , the tax rate applicable to qualified holiday income for these subsidiaries decreased significantly ( from 34% ( 34 % ) to 15.25% ( 15.25 % ) ) , resulting in future cash tax savings over the 10-year holiday period ( retroactively effective as of january 1 , 2013 ) . additionally , a portion of one of the subsidiaries net deferred tax assets that reverses within the holiday period was remeasured at the new tax rate ( the net deferred tax asset of the other subsidiary was not remeasured since it could still be utilized against the subsidiary 2019s future earnings not subject to the tax holiday ) . this remeasurement resulted in a decrease to that subsidiary 2019s net deferred tax assets and a noncash charge to earnings of $ 52 ( $ 31 after noncontrolling interests ) . the following table details the changes in the valuation allowance: . <table class='wikitable'><tr><td>1</td><td>december 31,</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 1291</td><td>$ 1151</td><td>$ 1252</td></tr><tr><td>3</td><td>increase to allowance</td><td>772</td><td>180</td><td>102</td></tr><tr><td>4</td><td>release of allowance</td><td>-209 ( 209 )</td><td>-42 ( 42 )</td><td>-70 ( 70 )</td></tr><tr><td>5</td><td>acquisitions and divestitures ( f )</td><td>-1 ( 1 )</td><td>29</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>tax apportionment tax rate and tax law changes</td><td>106</td><td>-15 ( 15 )</td><td>-67 ( 67 )</td></tr><tr><td>7</td><td>foreign currency translation</td><td>-19 ( 19 )</td><td>-12 ( 12 )</td><td>-30 ( 30 )</td></tr><tr><td>8</td><td>balance at end of year</td><td>$ 1940</td><td>$ 1291</td><td>$ 1151</td></tr></table> the cumulative amount of arconic 2019s foreign undistributed net earnings for which no deferred taxes have been provided was approximately $ 450 at december 31 , 2016 . arconic has a number of commitments and obligations related to the company 2019s growth strategy in foreign jurisdictions . as such , management has no plans to distribute such earnings in the foreseeable future , and , therefore , has determined it is not practicable to determine the related deferred tax liability. .\nQuestion: what is the ratio of the end of year balance from 2016 to 2015?\n"
},
{
"role": "agent",
"content": "1.50271"
}
] |
CONVFINQA3802
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2014 ( continued ) becton , dickinson and company ( b ) these reclassifications were recorded to interest expense and cost of products sold . additional details regarding the company's cash flow hedges are provided in note 13 . on august 25 , 2016 , in anticipation of proceeds to be received from the divestiture of the respiratory solutions business in the first quarter of fiscal year 2017 , the company entered into an accelerated share repurchase ( \"asr\" ) agreement . subsequent to the end of the company's fiscal year 2016 and as per the terms of the asr agreement , the company received approximately 1.3 million shares of its common stock , which was recorded as a $ 220 million increase to common stock in treasury . note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>average common shares outstanding</td><td>212702</td><td>202537</td><td>193299</td></tr><tr><td>3</td><td>dilutive share equivalents from share-based plans</td><td>4834</td><td>4972</td><td>4410</td></tr><tr><td>4</td><td>average common and common equivalent shares outstanding 2014 assuming dilution</td><td>217536</td><td>207509</td><td>197709</td></tr></table> average common and common equivalent shares outstanding 2014 assuming dilution 217536 207509 197709 upon closing the acquisition of carefusion corporation ( 201ccarefusion 201d ) on march 17 , 2015 , the company issued approximately 15.9 million of its common shares as part of the purchase consideration . additional disclosures regarding this acquisition are provided in note 9 . options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation . for the years ended september 30 , 2016 , 2015 and 2014 there were no options to purchase shares of common stock which were excluded from the diluted earnings per share calculation. .\nQuestion: what was the percentage of total average common and common equivalent shares outstanding in 2014 assuming dilution that was dilute share equivalents from share-based plans?\n"
},
{
"role": "agent",
"content": "0.02231"
}
] |
CONVFINQA8448
|
[
{
"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 the table below presents information regarding group inc . 2019s regulatory capital ratios and tier 1 leverage ratio under basel i , as implemented by the federal reserve board . the information as of december 2013 reflects the revised market risk regulatory capital requirements . these changes resulted in increased regulatory capital requirements for market risk . the information as of december 2012 is prior to the implementation of these revised market risk regulatory capital requirements. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2013</td><td>as of december 2012</td></tr><tr><td>2</td><td>tier 1 capital</td><td>$ 72471</td><td>$ 66977</td></tr><tr><td>3</td><td>tier 2 capital</td><td>$ 13632</td><td>$ 13429</td></tr><tr><td>4</td><td>total capital</td><td>$ 86103</td><td>$ 80406</td></tr><tr><td>5</td><td>risk-weighted assets</td><td>$ 433226</td><td>$ 399928</td></tr><tr><td>6</td><td>tier 1 capital ratio</td><td>16.7% ( 16.7 % )</td><td>16.7% ( 16.7 % )</td></tr><tr><td>7</td><td>total capital ratio</td><td>19.9% ( 19.9 % )</td><td>20.1% ( 20.1 % )</td></tr><tr><td>8</td><td>tier 1 leverage ratio</td><td>8.1% ( 8.1 % )</td><td>7.3% ( 7.3 % )</td></tr></table> revised capital framework the u.s . federal bank regulatory agencies ( agencies ) have approved revised risk-based capital and leverage ratio regulations establishing a new comprehensive capital framework for u.s . banking organizations ( revised capital framework ) . these regulations are largely based on the basel committee 2019s december 2010 final capital framework for strengthening international capital standards ( basel iii ) and also implement certain provisions of the dodd-frank act . under the revised capital framework , group inc . is an 201cadvanced approach 201d banking organization . below are the aspects of the rules that are most relevant to the firm , as an advanced approach banking organization . definition of capital and capital ratios . the revised capital framework introduced changes to the definition of regulatory capital , which , subject to transitional provisions , became effective across the firm 2019s regulatory capital and leverage ratios on january 1 , 2014 . these changes include the introduction of a new capital measure called common equity tier 1 ( cet1 ) , and the related regulatory capital ratio of cet1 to rwas ( cet1 ratio ) . in addition , the definition of tier 1 capital has been narrowed to include only cet1 and instruments such as perpetual non- cumulative preferred stock , which meet certain criteria . certain aspects of the revised requirements phase in over time . these include increases in the minimum capital ratio requirements and the introduction of new capital buffers and certain deductions from regulatory capital ( such as investments in nonconsolidated financial institutions ) . in addition , junior subordinated debt issued to trusts is being phased out of regulatory capital . the minimum cet1 ratio is 4.0% ( 4.0 % ) as of january 1 , 2014 and will increase to 4.5% ( 4.5 % ) on january 1 , 2015 . the minimum tier 1 capital ratio increased from 4.0% ( 4.0 % ) to 5.5% ( 5.5 % ) on january 1 , 2014 and will increase to 6.0% ( 6.0 % ) beginning january 1 , 2015 . the minimum total capital ratio remains unchanged at 8.0% ( 8.0 % ) . these minimum ratios will be supplemented by a new capital conservation buffer that phases in , beginning january 1 , 2016 , in increments of 0.625% ( 0.625 % ) per year until it reaches 2.5% ( 2.5 % ) on january 1 , 2019 . the revised capital framework also introduces a new counter-cyclical capital buffer , to be imposed in the event that national supervisors deem it necessary in order to counteract excessive credit growth . risk-weighted assets . in february 2014 , the federal reserve board informed us that we have completed a satisfactory 201cparallel run , 201d as required of advanced approach banking organizations under the revised capital framework , and therefore changes to rwas will take effect beginning with the second quarter of 2014 . accordingly , the calculation of rwas in future quarters will be based on the following methodologies : 2030 during the first quarter of 2014 2014 the basel i risk-based capital framework adjusted for certain items related to existing capital deductions and the phase-in of new capital deductions ( basel i adjusted ) ; 2030 during the remaining quarters of 2014 2014 the higher of rwas computed under the basel iii advanced approach or the basel i adjusted calculation ; and 2030 beginning in the first quarter of 2015 2014 the higher of rwas computed under the basel iii advanced or standardized approach . goldman sachs 2013 annual report 191 .\nQuestion: what was the amount of tier 1 capital as of december 2013?\nAnswer: 72471.0\nQuestion: and as of december 2012?\nAnswer: 66977.0\nQuestion: what was the difference between these two values?\n"
},
{
"role": "agent",
"content": "5494.0"
}
] |
CONVFINQA2335
|
[
{
"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 17 . accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( losses ) earnings ( in millions )</td><td>( losses ) earnings 2014</td><td>( losses ) earnings 2013</td><td>2012</td></tr><tr><td>2</td><td>currency translation adjustments</td><td>$ -3929 ( 3929 )</td><td>$ -2207 ( 2207 )</td><td>$ -331 ( 331 )</td></tr><tr><td>3</td><td>pension and other benefits</td><td>-3020 ( 3020 )</td><td>-2046 ( 2046 )</td><td>-3365 ( 3365 )</td></tr><tr><td>4</td><td>derivatives accounted for as hedges</td><td>123</td><td>63</td><td>92</td></tr><tr><td>5</td><td>total accumulated other comprehensive losses</td><td>$ -6826 ( 6826 )</td><td>$ -4190 ( 4190 )</td><td>$ -3604 ( 3604 )</td></tr></table> reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2014 , 2013 , and 2012 . the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business . in addition , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2014 and 2013 , respectively , upon liquidation of a subsidiary . for additional information , see note 13 . benefit plans and note 15 . financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments . note 18 . colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products . the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco . as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 . at december 31 , 2014 and 2013 , pmi had $ 71 million and $ 74 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement . these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 . note 19 . rbh legal settlement : on july 31 , 2008 , rothmans inc . ( \"rothmans\" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc . ( \"rbh\" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand . the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period . rothmans' sole holding was a 60% ( 60 % ) interest in rbh . the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .\nQuestion: what was the difference pmi between 2013 and 2014?\n"
},
{
"role": "agent",
"content": "-3.0"
}
] |
CONVFINQA5361
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nequity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the \"2012 plan\" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the \"2011 plan\" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .\nQuestion: as of december 31, 2013, what was the total value of the securities remaining available for future issuance?\nAnswer: 97564467.6\nQuestion: and what was the total number of securities under equity compensation plans approved by security holders?\n"
},
{
"role": "agent",
"content": "5743667.0"
}
] |
CONVFINQA6300
|
[
{
"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\napply as it has no impact on plan obligations . for 2015 , the healthcare trend rate was 7% ( 7 % ) , the ultimate trend rate was 5% ( 5 % ) , and the year the ultimate trend rate is reached was 2019 . projected benefit payments are as follows: . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 11.5</td></tr><tr><td>2</td><td>2018</td><td>11.0</td></tr><tr><td>3</td><td>2019</td><td>10.7</td></tr><tr><td>4</td><td>2020</td><td>10.2</td></tr><tr><td>5</td><td>2021</td><td>9.7</td></tr><tr><td>6</td><td>2022 20132026</td><td>35.3</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates . 17 . commitments and contingencies litigation we are involved in various legal proceedings , including commercial , competition , environmental , health , safety , product liability , and insurance matters . in september 2010 , the brazilian administrative council for economic defense ( cade ) issued a decision against our brazilian subsidiary , air products brasil ltda. , and several other brazilian industrial gas companies for alleged anticompetitive activities . cade imposed a civil fine of r$ 179.2 million ( approximately $ 55 at 30 september 2016 ) on air products brasil ltda . this fine was based on a recommendation by a unit of the brazilian ministry of justice , whose investigation began in 2003 , alleging violation of competition laws with respect to the sale of industrial and medical gases . the fines are based on a percentage of our total revenue in brazil in 2003 . we have denied the allegations made by the authorities and filed an appeal in october 2010 with the brazilian courts . on 6 may 2014 , our appeal was granted and the fine against air products brasil ltda . was dismissed . cade has appealed that ruling and the matter remains pending . we , with advice of our outside legal counsel , have assessed the status of this matter and have concluded that , although an adverse final judgment after exhausting all appeals is possible , such a judgment is not probable . as a result , no provision has been made in the consolidated financial statements . we estimate the maximum possible loss to be the full amount of the fine of r$ 179.2 million ( approximately $ 55 at 30 september 2016 ) plus interest accrued thereon until final disposition of the proceedings . other than this matter , we do not currently believe there are any legal proceedings , individually or in the aggregate , that are reasonably possible to have a material impact on our financial condition , results of operations , or cash flows . environmental in the normal course of business , we are involved in legal proceedings under the comprehensive environmental response , compensation , and liability act ( cercla : the federal superfund law ) ; resource conservation and recovery act ( rcra ) ; and similar state and foreign environmental laws relating to the designation of certain sites for investigation or remediation . presently , there are approximately 33 sites on which a final settlement has not been reached where we , along with others , have been designated a potentially responsible party by the environmental protection agency or are otherwise engaged in investigation or remediation , including cleanup activity at certain of our current and former manufacturing sites . we continually monitor these sites for which we have environmental exposure . accruals for environmental loss contingencies are recorded when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated . the consolidated balance sheets at 30 september 2016 and 2015 included an accrual of $ 81.4 and $ 80.6 , respectively , primarily as part of other noncurrent liabilities . the environmental liabilities will be paid over a period of up to 30 years . we estimate the exposure for environmental loss contingencies to range from $ 81 to a reasonably possible upper exposure of $ 95 as of 30 september 2016. .\nQuestion: how much does projected benefit payments of 2020 represents in relation to that of 2019?\nAnswer: 0.95327\nQuestion: what is the difference between that and the number 1 that represents 100%?\n"
},
{
"role": "agent",
"content": "-0.04673"
}
] |
CONVFINQA8532
|
[
{
"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\ncontributions and future benefit payments we expect to make contributions of $ 28.1 million to our defined benefit , other postretirement , and postemployment benefits plans in fiscal 2009 . actual 2009 contributions could exceed our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities and future changes in government requirements . estimated benefit payments , which reflect expected future service , as appropriate , are expected to be paid from fiscal 2009-2018 as follows : in millions defined benefit pension postretirement benefit plans gross payments medicare subsidy receipts postemployment benefit ......................................................................................................................................................................................... . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>defined benefit pension plans</td><td>other postretirement benefit plans gross payments</td><td>medicare subsidy receipts</td><td>postemployment benefit plans</td></tr><tr><td>2</td><td>2009</td><td>$ 176.3</td><td>$ 56.0</td><td>$ -6.1 ( 6.1 )</td><td>$ 16.6</td></tr><tr><td>3</td><td>2010</td><td>182.5</td><td>59.9</td><td>-6.7 ( 6.7 )</td><td>17.5</td></tr><tr><td>4</td><td>2011</td><td>189.8</td><td>63.3</td><td>-7.3 ( 7.3 )</td><td>18.1</td></tr><tr><td>5</td><td>2012</td><td>197.5</td><td>67.0</td><td>-8.0 ( 8.0 )</td><td>18.8</td></tr><tr><td>6</td><td>2013</td><td>206.6</td><td>71.7</td><td>-8.7 ( 8.7 )</td><td>19.4</td></tr><tr><td>7</td><td>2014 2013 2018</td><td>1187.3</td><td>406.8</td><td>-55.3 ( 55.3 )</td><td>106.3</td></tr></table> defined contribution plans the general mills savings plan is a defined contribution plan that covers salaried and nonunion employees . it had net assets of $ 2309.9 million as of may 25 , 2008 and $ 2303.0 million as of may 27 , 2007.this plan is a 401 ( k ) savings plan that includes a number of investment funds and an employee stock ownership plan ( esop ) . we sponsor another savings plan for certain hourly employees with net assets of $ 16.0 million as of may 25 , 2008 . our total recognized expense related to defined contribution plans was $ 61.9 million in fiscal 2008 , $ 48.3 million in fiscal 2007 , and $ 45.5 million in fiscal 2006 . the esop originally purchased our common stock principally with funds borrowed from third parties and guaranteed by us.the esop shares are included in net shares outstanding for the purposes of calculating eps . the esop 2019s third-party debt was repaid on june 30 , 2007 . the esop 2019s only assets are our common stock and temporary cash balances.the esop 2019s share of the total defined contribution expense was $ 52.3 million in fiscal 2008 , $ 40.1 million in fiscal 2007 , and $ 37.6 million in fiscal 2006 . the esop 2019s expensewas calculated by the 201cshares allocated 201dmethod . the esop used our common stock to convey benefits to employees and , through increased stock ownership , to further align employee interests with those of stockholders.wematched a percentage of employee contributions to the general mills savings plan with a base match plus a variable year end match that depended on annual results . employees received our match in the form of common stock . our cash contribution to the esop was calculated so as to pay off enough debt to release sufficient shares to make our match . the esop used our cash contributions to the plan , plus the dividends received on the esop 2019s leveraged shares , to make principal and interest payments on the esop 2019s debt . as loan payments were made , shares became unencumbered by debt and were committed to be allocated . the esop allocated shares to individual employee accounts on the basis of the match of employee payroll savings ( contributions ) , plus reinvested dividends received on previously allocated shares . the esop incurred net interest of less than $ 1.0 million in each of fiscal 2007 and 2006 . the esop used dividends of $ 2.5 million in fiscal 2007 and $ 3.9 million in 2006 , along with our contributions of less than $ 1.0 million in each of fiscal 2007 and 2006 to make interest and principal payments . the number of shares of our common stock allocated to participants in the esop was 5.2 million as of may 25 , 2008 , and 5.4 million as of may 27 , 2007 . annual report 2008 81 .\nQuestion: what was the total of net assets in 2008?\n"
},
{
"role": "agent",
"content": "2309.9"
}
] |
CONVFINQA4708
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 93% ( 93 % ) and 89% ( 89 % ) as of december 31 , 2016 and 2015 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates . <table class='wikitable'><tr><td>1</td><td>as of december 31,</td><td>increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates</td><td>increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates</td></tr><tr><td>2</td><td>2016</td><td>$ -26.3 ( 26.3 )</td><td>$ 26.9</td></tr><tr><td>3</td><td>2015</td><td>-33.7 ( 33.7 )</td><td>34.7</td></tr></table> we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we do not have any interest rate swaps outstanding as of december 31 , 2016 . we had $ 1100.6 of cash , cash equivalents and marketable securities as of december 31 , 2016 that we generally invest in conservative , short-term bank deposits or securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2016 and 2015 , we had interest income of $ 20.1 and $ 22.8 , respectively . based on our 2016 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 11.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2016 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the foreign currencies that most impacted our results during 2016 included the british pound sterling and , to a lesser extent , the argentine peso , brazilian real and japanese yen . based on 2016 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2016 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures . we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .\nQuestion: what was the change in the interest income from 2015 to 2016?\n"
},
{
"role": "agent",
"content": "-2.7"
}
] |
CONVFINQA2048
|
[
{
"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 options 2005 stock and incentive plan in june 2005 , the stockholders of the company approved the 2005 stock and incentive plan ( the 2005 stock plan ) . upon adoption of the 2005 stock plan , issuance of options under the company 2019s existing 2000 stock plan ceased . additionally , in connection with the acquisition of solexa , the company assumed stock options granted under the 2005 solexa equity incentive plan ( the 2005 solexa equity plan ) . as of december 30 , 2007 , an aggregate of up to 13485619 shares of the company 2019s common stock were reserved for issuance under the 2005 stock plan and the 2005 solexa equity plan . the 2005 stock plan provides for an automatic annual increase in the shares reserved for issuance by the lesser of 5% ( 5 % ) of outstanding shares of the company 2019s common stock on the last day of the immediately preceding fiscal year , 1200000 shares or such lesser amount as determined by the company 2019s board of directors . as of december 30 , 2007 , options to purchase 1834384 shares remained available for future grant under the 2005 stock plan and 2005 solexa equity plan . the company 2019s stock option activity under all stock option plans from january 2 , 2005 through december 30 , 2007 is as follows : options weighted- average exercise price . <table class='wikitable'><tr><td>1</td><td>-</td><td>options</td><td>weighted- average exercise price</td></tr><tr><td>2</td><td>outstanding at january 2 2005</td><td>6205020</td><td>$ 6.99</td></tr><tr><td>3</td><td>granted</td><td>2992300</td><td>$ 10.02</td></tr><tr><td>4</td><td>exercised</td><td>-869925 ( 869925 )</td><td>$ 4.66</td></tr><tr><td>5</td><td>cancelled</td><td>-1001964 ( 1001964 )</td><td>$ 11.00</td></tr><tr><td>6</td><td>outstanding at january 1 2006</td><td>7325431</td><td>$ 7.96</td></tr><tr><td>7</td><td>granted</td><td>2621050</td><td>$ 27.24</td></tr><tr><td>8</td><td>exercised</td><td>-1273119 ( 1273119 )</td><td>$ 7.28</td></tr><tr><td>9</td><td>cancelled</td><td>-314242 ( 314242 )</td><td>$ 12.44</td></tr><tr><td>10</td><td>outstanding at december 31 2006</td><td>8359120</td><td>$ 13.94</td></tr><tr><td>11</td><td>options assumed through business combination</td><td>1424332</td><td>$ 21.37</td></tr><tr><td>12</td><td>granted</td><td>3784508</td><td>$ 40.64</td></tr><tr><td>13</td><td>exercised</td><td>-2179286 ( 2179286 )</td><td>$ 12.06</td></tr><tr><td>14</td><td>cancelled</td><td>-964740 ( 964740 )</td><td>$ 22.38</td></tr><tr><td>15</td><td>outstanding at december 30 2007</td><td>10423934</td><td>$ 24.26</td></tr></table> illumina , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the total value of granted options in 2006 using the number of options and the weighted-average exercise price?\n"
},
{
"role": "agent",
"content": "71397402.0"
}
] |
CONVFINQA9383
|
[
{
"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 the firm permanently reinvests eligible earnings of certain foreign subsidiaries and , accordingly , does not accrue any u.s . income taxes that would arise if such earnings were repatriated . as of december 2012 and december 2011 , this policy resulted in an unrecognized net deferred tax liability of $ 3.75 billion and $ 3.32 billion , respectively , attributable to reinvested earnings of $ 21.69 billion and $ 20.63 billion , respectively . unrecognized tax benefits the firm recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position . a position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement . a liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements . as of december 2012 and december 2011 , the accrued liability for interest expense related to income tax matters and income tax penalties was $ 374 million and $ 233 million , respectively . the firm recognized $ 95 million , $ 21 million and $ 28 million of interest and income tax penalties for the years ended december 2012 , december 2011 and december 2010 , respectively . it is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to december 2012 due to potential audit settlements , however , at this time it is not possible to estimate any potential change . the table below presents the changes in the liability for unrecognized tax benefits . this liability is included in 201cother liabilities and accrued expenses . 201d see note 17 for further information. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>as of december 2012</td><td>as of december 2011</td><td>as of december 2010</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 1887</td><td>$ 2081</td><td>$ 1925</td></tr><tr><td>3</td><td>increases based on tax positions related to the current year</td><td>190</td><td>171</td><td>171</td></tr><tr><td>4</td><td>increases based on tax positions related to prior years</td><td>336</td><td>278</td><td>162</td></tr><tr><td>5</td><td>decreases related to tax positions of prior years</td><td>-109 ( 109 )</td><td>-41 ( 41 )</td><td>-104 ( 104 )</td></tr><tr><td>6</td><td>decreases related to settlements</td><td>-35 ( 35 )</td><td>-638 ( 638 )</td><td>-128 ( 128 )</td></tr><tr><td>7</td><td>acquisitions/ ( dispositions )</td><td>-47 ( 47 )</td><td>47</td><td>56</td></tr><tr><td>8</td><td>exchange rate fluctuations</td><td>15</td><td>-11 ( 11 )</td><td>-1 ( 1 )</td></tr><tr><td>9</td><td>balance end of year</td><td>$ 2237</td><td>$ 1887</td><td>$ 2081</td></tr><tr><td>10</td><td>related deferred income tax asset1</td><td>685</td><td>569</td><td>972</td></tr><tr><td>11</td><td>net unrecognized tax benefit2</td><td>$ 1552</td><td>$ 1318</td><td>$ 1109</td></tr></table> related deferred income tax asset 1 685 569 972 net unrecognized tax benefit 2 $ 1552 $ 1318 $ 1109 1 . included in 201cother assets . 201d see note 12 . 2 . if recognized , the net tax benefit would reduce the firm 2019s effective income tax rate . 194 goldman sachs 2012 annual report .\nQuestion: what was the net unrecognized tax benefit as of 12/11?\nAnswer: 1318.0\nQuestion: and as of 12/10?\nAnswer: 1109.0\nQuestion: so what was the difference between the two years?\nAnswer: 209.0\nQuestion: and the percentage change?\n"
},
{
"role": "agent",
"content": "0.18846"
}
] |
CONVFINQA2527
|
[
{
"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 . and subsidiaries notes to the consolidated financial statements december 31 , 2016 , january 2 , 2016 and january 3 , 2015 ( in thousands , except per share data ) 2 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 89% ( 89 % ) of inventories at both december 31 , 2016 and january 2 , 2016 . under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in 2016 and prior years . as a result of utilizing lifo , the company recorded a reduction to cost of sales of $ 40711 and $ 42295 in 2016 and 2015 , respectively , and an increase to cost of sales of $ 8930 in 2014 . historically , the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased as the company has been able to leverage its continued growth and execution of merchandise strategies . the increase in cost of sales for 2014 was the result of an increase in supply chain costs . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries and the inventory of certain subsidiaries , which are valued under the first-in , first-out ( 201cfifo 201d ) method . product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor . because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method . inventory overhead costs purchasing and warehousing costs included in inventory as of december 31 , 2016 and january 2 , 2016 , were $ 395240 and $ 359829 , respectively . inventory balance and inventory reserves inventory balances at the end of 2016 and 2015 were as follows : december 31 , january 2 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 312016</td><td>january 22016</td></tr><tr><td>2</td><td>inventories at fifo net</td><td>$ 4120030</td><td>$ 4009641</td></tr><tr><td>3</td><td>adjustments to state inventories at lifo</td><td>205838</td><td>165127</td></tr><tr><td>4</td><td>inventories at lifo net</td><td>$ 4325868</td><td>$ 4174768</td></tr></table> inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of merchandise and core inventory . in its distribution centers and branches , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of merchandise and product core inventory . reserves for estimated shrink are established based on the results of physical inventories conducted by the company and other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends . the company also establishes reserves for potentially excess and obsolete inventories based on ( i ) current inventory levels , ( ii ) the historical analysis of product sales and ( iii ) current market conditions . the company has return rights with many of its vendors and the majority of excess inventory is returned to its vendors for full credit . in certain situations , the company establishes reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs. .\nQuestion: what was the net change in inventory overhead costs, purchasing, and warehousing costs from 2015 to 2016?\nAnswer: 35411.0\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "0.09841"
}
] |
CONVFINQA4173
|
[
{
"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 . and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no . 2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired . furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test . asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted . the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows . 3 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 . under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years . the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively . the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies . in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method . product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor . because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method . inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively . inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 282013</td><td>december 292012</td></tr><tr><td>2</td><td>inventories at fifo net</td><td>$ 2424795</td><td>$ 2182419</td></tr><tr><td>3</td><td>adjustments to state inventories at lifo</td><td>131762</td><td>126190</td></tr><tr><td>4</td><td>inventories at lifo net</td><td>$ 2556557</td><td>$ 2308609</td></tr></table> inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations . in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory . reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .\nQuestion: in 2013, what was the increase in the inventories balance due to the adoption of lifo?\n"
},
{
"role": "agent",
"content": "131762.0"
}
] |
CONVFINQA4432
|
[
{
"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\n10-k altria ar release tuesday , february 27 , 2018 10:00pm andra design llc performance stock units : in january 2017 , altria group , inc . granted an aggregate of 187886 performance stock units to eligible employees . the payout of the performance stock units requires the achievement of certain performance measures , which were predetermined at the time of grant , over a three-year performance cycle . these performance measures consist of altria group , inc . 2019s adjusted diluted earnings per share ( 201ceps 201d ) compounded annual growth rate and altria group , inc . 2019s total shareholder return relative to a predetermined peer group . the performance stock units are also subject to forfeiture if certain employment conditions are not met . at december 31 , 2017 , altria group , inc . had 170755 performance stock units remaining , with a weighted-average grant date fair value of $ 70.39 per performance stock unit . the fair value of the performance stock units at the date of grant , net of estimated forfeitures , is amortized to expense over the performance period . altria group , inc . recorded pre-tax compensation expense related to performance stock units for the year ended december 31 , 2017 of $ 6 million . the unamortized compensation expense related to altria group , inc . 2019s performance stock units was $ 7 million at december 31 , 2017 . altria group , inc . did not grant any performance stock units during 2016 and 2015 . note 12 . earnings per share basic and diluted eps were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to altria group inc .</td><td>$ 10222</td><td>$ 14239</td><td>$ 5241</td></tr><tr><td>3</td><td>less : distributed and undistributed earnings attributable to share-based awards</td><td>-14 ( 14 )</td><td>-24 ( 24 )</td><td>-10 ( 10 )</td></tr><tr><td>4</td><td>earnings for basic and diluted eps</td><td>$ 10208</td><td>$ 14215</td><td>$ 5231</td></tr><tr><td>5</td><td>weighted-average shares for basic and diluted eps</td><td>1921</td><td>1952</td><td>1961</td></tr></table> net earnings attributable to altria group , inc . $ 10222 $ 14239 $ 5241 less : distributed and undistributed earnings attributable to share-based awards ( 14 ) ( 24 ) ( 10 ) earnings for basic and diluted eps $ 10208 $ 14215 $ 5231 weighted-average shares for basic and diluted eps 1921 1952 1961 .\nQuestion: what is the difference in net earnings attributable to altria group inc between 2016 and 2017?\n"
},
{
"role": "agent",
"content": "4017.0"
}
] |
CONVFINQA9309
|
[
{
"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?\n"
},
{
"role": "agent",
"content": "11.2"
}
] |
CONVFINQA5029
|
[
{
"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\nfortron industries llc . fortron is a leading global producer of pps , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha america inc . cellulose derivatives strategic ventures . our cellulose derivatives ventures generally fund their operations using operating cash flow and pay dividends based on each ventures' performance in the preceding year . in 2014 , 2013 and 2012 , we received cash dividends of $ 115 million , $ 92 million and $ 83 million , respectively . although our ownership interest in each of our cellulose derivatives ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states of america ( \"us gaap\" ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants . our ownership interest in the equity investments in infraserv affiliates are as follows : as of december 31 , 2014 ( in percentages ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>as of december 31 2014 ( in percentages )</td></tr><tr><td>2</td><td>infraserv gmbh & co . gendorf kg</td><td>39</td></tr><tr><td>3</td><td>infraserv gmbh & co . hoechst kg</td><td>32</td></tr><tr><td>4</td><td>infraserv gmbh & co . knapsack kg</td><td>27</td></tr></table> research and development our businesses are innovation-oriented and conduct research and development activities to develop new , and optimize existing , production technologies , as well as to develop commercially viable new products and applications . research and development expense was $ 86 million , $ 85 million and $ 104 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively . we consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives . intellectual property we attach importance to protecting our intellectual property , including safeguarding our confidential information and through our patents , trademarks and copyrights , in order to preserve our investment in research and development , manufacturing and marketing . patents may cover processes , equipment , products , intermediate products and product uses . we also seek to register trademarks as a means of protecting the brand names of our company and products . patents . in most industrial countries , patent protection exists for new substances and formulations , as well as for certain unique applications and production processes . however , we do business in regions of the world where intellectual property protection may be limited and difficult to enforce . confidential information . we maintain stringent information security policies and procedures wherever we do business . such information security policies and procedures include data encryption , controls over the disclosure and safekeeping of confidential information and trade secrets , as well as employee awareness training . trademarks . aoplus ae , aoplus ae2 , aoplus ae3 , ateva ae , avicor ae , britecoat ae , celanese ae , celanex ae , celcon ae , celfx 2122 , celstran ae , celvolit ae , clarifoil ae , duroset ae , ecovae ae , factor ae , fortron ae , gur ae , hostaform ae , impet ae , mowilith ae , nutrinova ae , qorus 2122 , riteflex ae , sunett ae , tcx 2122 , thermx ae , tufcor ae , vantage ae , vantageplus 2122 , vantage ae2 , vectra ae , vinamul ae , vitaldose ae , zenite ae and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by celanese . the foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by celanese . fortron ae is a registered trademark of fortron industries llc. .\nQuestion: what was the change in cash dividends from 2012 to 2014?\nAnswer: 32.0\nQuestion: and what was the total of those cash dividends in 2012?\nAnswer: 83.0\nQuestion: how much, then, does that change represent in relation to this 2012 total, in percentage?\n"
},
{
"role": "agent",
"content": "0.38554"
}
] |
CONVFINQA4849
|
[
{
"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\nperformance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index . <table class='wikitable'><tr><td>1</td><td>date</td><td>pmi</td><td>pmi peer group ( 1 )</td><td>s&p 500 index</td></tr><tr><td>2</td><td>december 31 2012</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>december 31 2013</td><td>$ 108.50</td><td>$ 122.80</td><td>$ 132.40</td></tr><tr><td>4</td><td>december 31 2014</td><td>$ 106.20</td><td>$ 132.50</td><td>$ 150.50</td></tr><tr><td>5</td><td>december 31 2015</td><td>$ 120.40</td><td>$ 143.50</td><td>$ 152.60</td></tr><tr><td>6</td><td>december 31 2016</td><td>$ 130.80</td><td>$ 145.60</td><td>$ 170.80</td></tr><tr><td>7</td><td>december 31 2017</td><td>$ 156.80</td><td>$ 172.70</td><td>$ 208.10</td></tr></table> ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc . was removed following the completion of its acquisition by british american tobacco p.l.c . on july 25 , 2017 . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. .\nQuestion: what was the pmi value at the end of 2017 less 100?\nAnswer: 56.8\nQuestion: now, what is that value divided by 100?\nAnswer: 0.568\nQuestion: what was the s&p value at the end of 2017?\nAnswer: 208.1\nQuestion: what was the s&p value at the end of 2017 less 100?\nAnswer: 108.1\nQuestion: now, what is that value divided by 100?\n"
},
{
"role": "agent",
"content": "1.081"
}
] |
CONVFINQA3357
|
[
{
"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\n2014 , 2013 and 2012 . the decrease in our consolidated net adjustments for 2014 compared to 2013 was primarily due to a decrease in profit booking rate adjustments at our aeronautics , mfc and mst business segments . the increase in our consolidated net adjustments for 2013 as compared to 2012 was primarily due to an increase in profit booking rate adjustments at our mst and mfc business segments and , to a lesser extent , the increase in the favorable resolution of contractual matters for the corporation . the consolidated net adjustments for 2014 are inclusive of approximately $ 650 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at mst and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below . the consolidated net adjustments for 2013 and 2012 are inclusive of approximately $ 600 million and $ 500 million in unfavorable items , which include a significant profit reduction on the f-35 development contract in both years , as well as a significant profit reduction on the c-5 program in 2013 , each as described in our aeronautics business segment 2019s results of operations discussion below . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor and the c-5m super galaxy . aeronautics 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 14920</td><td>$ 14123</td><td>$ 14953</td></tr><tr><td>3</td><td>operating profit</td><td>1649</td><td>1612</td><td>1699</td></tr><tr><td>4</td><td>operating margins</td><td>11.1% ( 11.1 % )</td><td>11.4% ( 11.4 % )</td><td>11.4% ( 11.4 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 27600</td><td>$ 28000</td><td>$ 30100</td></tr></table> 2014 compared to 2013 aeronautics 2019 net sales for 2014 increased $ 797 million , or 6% ( 6 % ) , compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 790 million for f-35 production contracts due to increased volume and sustainment activities ; about $ 55 million for the f-16 program due to increased deliveries ( 17 aircraft delivered in 2014 compared to 13 delivered in 2013 ) partially offset by contract mix ; and approximately $ 45 million for the f-22 program due to increased risk retirements . the increases were partially offset by lower net sales of approximately $ 55 million for the f-35 development contract due to decreased volume , partially offset by the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; and about $ 40 million for the c-130 program due to fewer deliveries ( 24 aircraft delivered in 2014 compared to 25 delivered in 2013 ) and decreased sustainment activities , partially offset by contract mix . aeronautics 2019 operating profit for 2014 increased $ 37 million , or 2% ( 2 % ) , compared to 2013 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for the f-35 development contract due to the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; about $ 75 million for the f-22 program due to increased risk retirements ; approximately $ 50 million for the c-130 program due to increased risk retirements and contract mix , partially offset by fewer deliveries ; and about $ 25 million for the c-5 program due to the absence in 2014 of the downward revisions to the profit booking rate that occurred in 2013 . the increases were partially offset by lower operating profit of approximately $ 130 million for the f-16 program due to decreased risk retirements , partially offset by increased deliveries ; and about $ 70 million for sustainment activities due to decreased risk retirements and volume . operating profit was comparable for f-35 production contracts as higher volume was offset by lower risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million lower for 2014 compared to 2013 . 2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to .\nQuestion: what was the difference in operating profit between 2012 and 2013?\n"
},
{
"role": "agent",
"content": "-87.0"
}
] |
CONVFINQA7566
|
[
{
"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\nthere were no options granted in excess of market value in 2011 , 2010 or 2009 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 33775543 at december 31 , 2011 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 35304422 shares at december 31 , 2011 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2011 , we issued 731336 shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2011 , 2010 and 2009 include 27090 , 29040 , and 39552 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant . incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant . the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period . the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards . restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months . beginning in 2011 , we incorporated two changes to certain awards under our existing long-term incentive compensation programs . first , for certain grants of incentive performance units , the future payout amount will be subject to a negative annual adjustment if pnc fails to meet certain risk-related performance metrics . this adjustment is in addition to the existing financial performance metrics relative to our peers . these grants have a three-year performance period and are payable in either stock or a combination of stock and cash . second , performance-based restricted share units ( performance rsus ) were granted in 2011 to certain of our executives in lieu of stock options . these performance rsus ( which are payable solely in stock ) have a service condition , an internal risk-related performance condition , and an external market condition . satisfaction of the performance condition is based on four independent one-year performance periods . the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2011 , 2010 and 2009 was $ 63.25 , $ 54.59 and $ 41.16 per share , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2010</td><td>nonvested incentive/ performance unit shares 363</td><td>weighted- average grant date fair value $ 56.40</td><td>nonvested restricted stock/ unit shares 2250</td><td>weighted- average grant date fair value $ 49.95</td></tr><tr><td>2</td><td>granted</td><td>623</td><td>64.21</td><td>1059</td><td>62.68</td></tr><tr><td>3</td><td>vested</td><td>-156 ( 156 )</td><td>59.54</td><td>-706 ( 706 )</td><td>51.27</td></tr><tr><td>4</td><td>forfeited</td><td>-</td><td>-</td><td>-91 ( 91 )</td><td>52.24</td></tr><tr><td>5</td><td>december 31 2011</td><td>830</td><td>$ 61.68</td><td>2512</td><td>$ 54.87</td></tr></table> in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash . at december 31 , 2011 , there was $ 61 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans . this cost is expected to be recognized as expense over a period of no longer than five years . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2011 , 2010 and 2009 was approximately $ 52 million , $ 39 million and $ 47 million , respectively . liability awards we grant annually cash-payable restricted share units to certain executives . the grants were made primarily as part of an annual bonus incentive deferral plan . while there are time- based and service-related vesting criteria , there are no market or performance criteria associated with these awards . compensation expense recognized related to these awards was recorded in prior periods as part of annual cash bonus criteria . as of december 31 , 2011 , there were 753203 of these cash- payable restricted share units outstanding . 174 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: what was the total non-vest iso's and restricted share units, in thousands, as of 12/31/11?\nAnswer: 3342.0\nQuestion: were there more iso's granted than restricted stock units in 2010?\n"
},
{
"role": "agent",
"content": "no"
}
] |
CONVFINQA6317
|
[
{
"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\ncompetitive supply aes 2019s competitive supply line of business consists of generating facilities that sell electricity directly to wholesale customers in competitive markets . additionally , as compared to the contract generation segment discussed above , these generating facilities generally sell less than 75% ( 75 % ) of their output pursuant to long-term contracts with pre-determined pricing provisions and/or sell into power pools , under shorter-term contracts or into daily spot markets . the prices paid for electricity under short-term contracts and in the spot markets are unpredictable and can be , and from time to time have been , volatile . the results of operations of aes 2019s competitive supply business are also more sensitive to the impact of market fluctuations in the price of electricity , natural gas , coal and other raw materials . in the united kingdom , txu europe entered administration in november 2002 and is no longer performing under its contracts with drax and barry . as described in the footnotes and in other sections of the discussion and analysis of financial condition and results of operations , txu europe 2019s failure to perform under its contracts has had a material adverse effect on the results of operations of these businesses . two aes competitive supply businesses , aes wolf hollow , l.p . and granite ridge have fuel supply agreements with el paso merchant energy l.p . an affiliate of el paso corp. , which has encountered financial difficulties . the company does not believe the financial difficulties of el paso corp . will have a material adverse effect on el paso merchant energy l.p . 2019s performance under the supply agreement ; however , there can be no assurance that a further deterioration in el paso corp 2019s financial condition will not have a material adverse effect on the ability of el paso merchant energy l.p . to perform its obligations . while el paso corp 2019s financial condition may not have a material adverse effect on el paso merchant energy , l.p . at this time , it could lead to a default under the aes wolf hollow , l.p . 2019s fuel supply agreement , in which case aes wolf hollow , l.p . 2019s lenders may seek to declare a default under its credit agreements . aes wolf hollow , l.p . is working in concert with its lenders to explore options to avoid such a default . the revenues from our facilities that distribute electricity to end-use customers are generally subject to regulation . these businesses are generally required to obtain third party approval or confirmation of rate increases before they can be passed on to the customers through tariffs . these businesses comprise the large utilities and growth distribution segments of the company . revenues from contract generation and competitive supply are not regulated . the distribution of revenues between the segments for the years ended december 31 , 2002 , 2001 and 2000 is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>large utilities</td><td>36% ( 36 % )</td><td>21% ( 21 % )</td><td>22% ( 22 % )</td></tr><tr><td>3</td><td>growth distribution</td><td>14% ( 14 % )</td><td>21% ( 21 % )</td><td>21% ( 21 % )</td></tr><tr><td>4</td><td>contract generation</td><td>29% ( 29 % )</td><td>32% ( 32 % )</td><td>27% ( 27 % )</td></tr><tr><td>5</td><td>competitive supply</td><td>21% ( 21 % )</td><td>26% ( 26 % )</td><td>30% ( 30 % )</td></tr></table> development costs certain subsidiaries and affiliates of the company ( domestic and non-u.s. ) are in various stages of developing and constructing greenfield power plants , some but not all of which have signed long-term contracts or made similar arrangements for the sale of electricity . successful completion depends upon overcoming substantial risks , including , but not limited to , risks relating to failures of siting , financing , construction , permitting , governmental approvals or the potential for termination of the power sales contract as a result of a failure to meet certain milestones . as of december 31 , 2002 , capitalized costs for projects under development and in early stage construction were approximately $ 15 million and capitalized costs for projects under construction were approximately $ 3.2 billion . the company believes .\nQuestion: what portion of revenue is generated by large utilities in 2002?\nAnswer: 0.36\nQuestion: what about in 2001?\n"
},
{
"role": "agent",
"content": "0.21"
}
] |
CONVFINQA2495
|
[
{
"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\naugusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging . <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>$ 2940</td><td>$ 3403</td><td>$ 3435</td></tr><tr><td>3</td><td>operating profit ( loss )</td><td>-25 ( 25 )</td><td>178</td><td>161</td></tr></table> north american consumer packaging net sales were $ 1.9 billion in 2015 compared with $ 2.0 billion in 2014 and $ 2.0 billion in 2013 . operating profits were $ 81 million ( $ 91 million excluding the cost associated with the planned conversion of our riegelwood mill to 100% ( 100 % ) pulp production , net of proceeds from the sale of the carolina coated bristols brand , and sheet plant closure costs ) in 2015 compared with $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 and $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 . coated paperboard sales volumes in 2015 were lower than in 2014 reflecting weaker market demand . the business took about 77000 tons of market-related downtime in 2015 compared with about 41000 tons in 2014 . average sales price realizations increased modestly year over year as competitive pressures in the current year only partially offset the impact of sales price increases implemented in 2014 . input costs decreased for energy and chemicals , but wood costs increased . planned maintenance downtime costs were $ 10 million lower in 2015 . operating costs were higher , mainly due to inflation and overhead costs . foodservice sales volumes increased in 2015 compared with 2014 reflecting strong market demand . average sales margins increased due to lower resin costs and a more favorable mix . operating costs and distribution costs were both higher . looking ahead to the first quarter of 2016 , coated paperboard sales volumes are expected to be slightly lower than in the fourth quarter of 2015 due to our exit from the coated bristols market . average sales price realizations are expected to be flat , but margins should benefit from a more favorable product mix . input costs are expected to be higher for wood , chemicals and energy . planned maintenance downtime costs should be $ 4 million higher with a planned maintenance outage scheduled at our augusta mill in the first quarter . foodservice sales volumes are expected to be seasonally lower . average sales margins are expected to improve due to a more favorable mix . operating costs are expected to decrease . european consumer packaging net sales in 2015 were $ 319 million compared with $ 365 million in 2014 and $ 380 million in 2013 . operating profits in 2015 were $ 87 million compared with $ 91 million in 2014 and $ 100 million in 2013 . sales volumes in 2015 compared with 2014 increased in europe , but decreased in russia . average sales margins improved in russia due to slightly higher average sales price realizations and a more favorable mix . in europe average sales margins decreased reflecting lower average sales price realizations and an unfavorable mix . input costs were lower in europe , primarily for wood and energy , but were higher in russia , primarily for wood . looking forward to the first quarter of 2016 , compared with the fourth quarter of 2015 , sales volumes are expected to be stable . average sales price realizations are expected to be slightly higher in both russia and europe . input costs are expected to be flat , while operating costs are expected to increase . asian consumer packaging the company sold its 55% ( 55 % ) equity share in the ip-sun jv in october 2015 . net sales and operating profits presented below include results through september 30 , 2015 . net sales were $ 682 million in 2015 compared with $ 1.0 billion in 2014 and $ 1.1 billion in 2013 . operating profits in 2015 were a loss of $ 193 million ( a loss of $ 19 million excluding goodwill and other asset impairment costs ) compared with losses of $ 5 million in 2014 and $ 2 million in 2013 . sales volumes and average sales price realizations were lower in 2015 due to over-supplied market conditions and competitive pressures . average sales margins were also negatively impacted by a less favorable mix . input costs and freight costs were lower and operating costs also decreased . on october 13 , 2015 , the company finalized the sale of its 55% ( 55 % ) interest in ip asia coated paperboard ( ip- sun jv ) business , within the company's consumer packaging segment , to its chinese coated board joint venture partner , shandong sun holding group co. , ltd . for rmb 149 million ( approximately usd $ 23 million ) . during the third quarter of 2015 , a determination was made that the current book value of the asset group exceeded its estimated fair value of $ 23 million , which was the agreed upon selling price . the 2015 loss includes the net pre-tax impairment charge of $ 174 million ( $ 113 million after taxes ) . a pre-tax charge of $ 186 million was recorded during the third quarter in the company's consumer packaging segment to write down the long-lived assets of this business to their estimated fair value . in the fourth quarter of 2015 , upon the sale and corresponding deconsolidation of ip-sun jv from the company's consolidated balance sheet , final adjustments were made resulting in a reduction of the impairment of $ 12 million . the amount of pre-tax losses related to noncontrolling interest of the ip-sun jv included in the company's consolidated statement of operations for the years ended december 31 , 2015 , 2014 and 2013 were $ 19 million , $ 12 million and $ 8 million , respectively . the amount of pre-tax losses related to the ip-sun jv included in the company's .\nQuestion: in 2015, what was the amount of the north american consumer packaging net sales, in millions?\n"
},
{
"role": "agent",
"content": "1900.0"
}
] |
CONVFINQA9464
|
[
{
"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\nfederal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2006 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2003</td><td>$ 514177</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>82551</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-1390 ( 1390 )</td></tr><tr><td>4</td><td>balance december 31 2004</td><td>595338</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>83656</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-15244 ( 15244 )</td></tr><tr><td>7</td><td>balance december 31 2005</td><td>663750</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>89564</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-12807 ( 12807 )</td></tr><tr><td>10</td><td>balance december 31 2006</td><td>$ 740507</td></tr></table> .\nQuestion: what were the deductions during 2004?\nAnswer: 1390.0\nQuestion: what were the deductions during 2005?\n"
},
{
"role": "agent",
"content": "15244.0"
}
] |
CONVFINQA5188
|
[
{
"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\nroyal caribbean cruises ltd . 79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below . this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) . during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test . the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates . based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test . no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value . we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 . we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test . we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model . the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value . signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur . the discounted cash flow model used our 2015 pro- jected operating results as a base . to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit . we assigned a probability to each revenue and expense scenario . we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital . based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill . pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america . the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses . we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation . further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors . if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required . of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows . if the transfers do not occur , we will likely fail step one of the impairment test . 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>2014</td><td>2013</td></tr><tr><td>2</td><td>indefinite-life intangible asset 2014pullmantur trademarks and trade names</td><td>$ 214112</td><td>$ 204866</td></tr><tr><td>3</td><td>foreign currency translation adjustment</td><td>-26074 ( 26074 )</td><td>9246</td></tr><tr><td>4</td><td>total</td><td>$ 188038</td><td>$ 214112</td></tr></table> during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value . the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry . we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test . based on the results of our testing , we did not .\nQuestion: what was the mathematical range between the foreign currency translation adjustments in the years of 2013 and 2014?\nAnswer: 35320.0\nQuestion: in that same period, what was the total of intangible assets?\nAnswer: 402150.0\nQuestion: and what amount from this total is from assets recorded in 2014?\nAnswer: 188038.0\nQuestion: what portion, then, of that total does this amount represent?\n"
},
{
"role": "agent",
"content": "0.46758"
}
] |
CONVFINQA2373
|
[
{
"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\nwe monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs . we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities . if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper . since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>cash from operations</td><td>$ 2357</td><td>$ 2227</td><td>$ 1619</td></tr><tr><td>3</td><td>non-cash items ( 1 )</td><td>287</td><td>1397</td><td>514</td></tr></table> non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization . our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital . investing activities cash flows acquisition of a business , net of cash acquired . cash outflows of $ 2392 million in 2016 were due to the starwood combination . see footnote 3 . dispositions and acquisitions for more information . capital expenditures and other investments . we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 . capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties . capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination . we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) . over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements . the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets . we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations . in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement . we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments . over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements . fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure . dispositions . property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 . see footnote 3 . dispositions and acquisitions for more information on dispositions. .\nQuestion: what was the percentage of noncash items out of the total cash from operations generated in 2017?\nAnswer: 0.6273\nQuestion: what was the portion of non-cash items out of the total cash from operations in 2018?\n"
},
{
"role": "agent",
"content": "0.12176"
}
] |
CONVFINQA5567
|
[
{
"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 interest expense , net of capitalized interest decreased $ 129 million , or 18.1% ( 18.1 % ) , in 2014 from the 2013 period primarily due to a $ 63 million decrease in special charges recognized period-over-period as further described below , as well as refinancing activities that resulted in $ 65 million less interest expense recognized in 2014 . in 2014 , american recognized $ 29 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , american recognized $ 48 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 american recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , american recognized $ 65 million less interest expense in 2014 as compared to the 2013 period . other nonoperating expense , net of $ 153 million in 2014 consisted principally of net foreign currency losses of $ 92 million and early debt extinguishment charges of $ 48 million . other nonoperating expense , net of $ 84 million in 2013 consisted principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 29 million . other nonoperating expense , net increased $ 69 million , or 81.0% ( 81.0 % ) , during 2014 primarily due to special charges recognized as a result of early debt extinguishment and an increase in foreign currency losses driven by the strengthening of the u.s . dollar in foreign currency transactions , principally in latin american markets . american recorded a $ 43 million special charge for venezuelan foreign currency losses in 2014 . see part ii , item 7a . quantitative and qualitative disclosures about market risk for further discussion of our cash held in venezuelan bolivars . in addition , american 2019s nonoperating special items included $ 48 million in special charges in the 2014 primarily related to the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes and other indebtedness . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on american 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>320</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>170</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2640</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify .\nQuestion: what was the total amount in aircraft and facility financing renegotiations and rejections in 2013?\nAnswer: 320.0\nQuestion: and what was the value of the total reorganization items net?\nAnswer: 2640.0\nQuestion: how much, then, does that amount represent in relation to this value, in percentage?\nAnswer: 0.12121\nQuestion: in that same year, what was the total in professional fees?\n"
},
{
"role": "agent",
"content": "199.0"
}
] |
CONVFINQA10906
|
[
{
"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 2014 ( continued ) and other electronic applications markets . the company believes the acquisition will expand its technology portfolio , channel reach and total addressable market by adding complementary products and expertise for fpga solutions and rapid asic prototyping . purchase price . synopsys paid $ 8.00 per share for all outstanding shares including certain vested options of synplicity for an aggregate cash payment of $ 223.3 million . additionally , synopsys assumed certain employee stock options and restricted stock units , collectively called 201cstock awards . 201d the total purchase consideration consisted of: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>cash paid net of cash acquired</td><td>$ 180618</td></tr><tr><td>3</td><td>fair value of assumed vested or earned stock awards</td><td>4169</td></tr><tr><td>4</td><td>acquisition related costs</td><td>8016</td></tr><tr><td>5</td><td>total purchase price consideration</td><td>$ 192803</td></tr></table> acquisition related costs consist primarily of professional services , severance and employee related costs and facilities closure costs of which $ 6.8 million have been paid as of october 31 , 2009 . fair value of stock awards assumed . an aggregate of 4.7 million shares of synplicity stock options and restricted stock units were exchanged for synopsys stock options and restricted stock units at an exchange ratio of 0.3392 per share . the fair value of stock options assumed was determined using a black-scholes valuation model . the fair value of stock awards vested or earned of $ 4.2 million was included as part of the purchase price . the fair value of unvested awards of $ 5.0 million will be recorded as operating expense over the remaining service periods on a straight-line basis . purchase price allocation . the company allocated $ 80.0 million of the purchase price to identifiable intangible assets to be amortized over two to seven years . in-process research and development expense related to these acquisitions was $ 4.8 million . goodwill , representing the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired , was $ 120.3 million and will not be amortized . goodwill primarily resulted from the company 2019s expectation of cost synergies and sales growth from the integration of synplicity 2019s technology with the company 2019s technology and operations to provide an expansion of products and market reach . fiscal 2007 acquisitions during fiscal year 2007 , the company completed certain purchase acquisitions for cash . the company allocated the total purchase considerations of $ 54.8 million ( which included acquisition related costs of $ 1.4 million ) to the assets and liabilities acquired , including identifiable intangible assets , based on their respective fair values at the acquisition dates , resulting in aggregate goodwill of $ 36.6 million . acquired identifiable intangible assets of $ 14.3 million are being amortized over two to nine years . in-process research and development expense related to these acquisitions was $ 3.2 million. .\nQuestion: what was the amount allocated to identifiable intangible assets?\nAnswer: 80.0\nQuestion: what is that times 1000?\nAnswer: 80000.0\nQuestion: what was the value of total purchase price considerations?\nAnswer: 192803.0\nQuestion: what is the product divided by total purchase price considerations?\n"
},
{
"role": "agent",
"content": "0.41493"
}
] |
CONVFINQA9768
|
[
{
"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 ) 17 . pension plans and postretirement health care and life insurance benefit plans ( continued ) benefit payments the following table sets forth amounts of benefits expected to be paid over the next ten years from the company 2019s pension and postretirement plans as of december 31 , 2004: . <table class='wikitable'><tr><td>1</td><td>-</td><td>pension benefits</td><td>other postretirement benefits</td></tr><tr><td>2</td><td>2005</td><td>$ 125</td><td>$ 30</td></tr><tr><td>3</td><td>2006</td><td>132</td><td>31</td></tr><tr><td>4</td><td>2007</td><td>143</td><td>31</td></tr><tr><td>5</td><td>2008</td><td>154</td><td>33</td></tr><tr><td>6</td><td>2009</td><td>166</td><td>34</td></tr><tr><td>7</td><td>2010-2014</td><td>1052</td><td>193</td></tr><tr><td>8</td><td>total</td><td>$ 1772</td><td>$ 352</td></tr></table> 18 . stock compensation plans on may 18 , 2000 , the shareholders of the hartford approved the hartford incentive stock plan ( the 201c2000 plan 201d ) , which replaced the hartford 1995 incentive stock plan ( the 201c1995 plan 201d ) . the terms of the 2000 plan were substantially similar to the terms of the 1995 plan except that the 1995 plan had an annual award limit and a higher maximum award limit . under the 2000 plan , awards may be granted in the form of non-qualified or incentive stock options qualifying under section 422a of the internal revenue code , performance shares or restricted stock , or any combination of the foregoing . in addition , stock appreciation rights may be granted in connection with all or part of any stock options granted under the 2000 plan . in december 2004 , the 2000 plan was amended to allow for grants of restricted stock units effective as of january 1 , 2005 . the aggregate number of shares of stock , which may be awarded , is subject to a maximum limit of 17211837 shares applicable to all awards for the ten-year duration of the 2000 plan . all options granted have an exercise price equal to the market price of the company 2019s common stock on the date of grant , and an option 2019s maximum term is ten years and two days . certain options become exercisable over a three year period commencing one year from the date of grant , while certain other options become exercisable upon the attainment of specified market price appreciation of the company 2019s common shares . for any year , no individual employee may receive an award of options for more than 1000000 shares . as of december 31 , 2004 , the hartford had not issued any incentive stock options under the 2000 plan . performance awards of common stock granted under the 2000 plan become payable upon the attainment of specific performance goals achieved over a period of not less than one nor more than five years , and the restricted stock granted is subject to a restriction period . on a cumulative basis , no more than 20% ( 20 % ) of the aggregate number of shares which may be awarded under the 2000 plan are available for performance shares and restricted stock awards . also , the maximum award of performance shares for any individual employee in any year is 200000 shares . in 2004 , 2003 and 2002 , the company granted shares of common stock of 315452 , 333712 and 40852 with weighted average prices of $ 64.93 , $ 38.13 and $ 62.28 , respectively , related to performance share and restricted stock awards . in 1996 , the company established the hartford employee stock purchase plan ( 201cespp 201d ) . under this plan , eligible employees of the hartford may purchase common stock of the company at a 15% ( 15 % ) discount from the lower of the closing market price at the beginning or end of the quarterly offering period . the company may sell up to 5400000 shares of stock to eligible employees under the espp . in 2004 , 2003 and 2002 , 345262 , 443467 and 408304 shares were sold , respectively . the per share weighted average fair value of the discount under the espp was $ 9.31 , $ 11.96 , and $ 11.70 in 2004 , 2003 and 2002 , respectively . additionally , during 1997 , the hartford established employee stock purchase plans for certain employees of the company 2019s international subsidiaries . under these plans , participants may purchase common stock of the hartford at a fixed price at the end of a three-year period . the activity under these programs is not material. .\nQuestion: how many shares of common stock were granted in 2004?\nAnswer: 315452.0\nQuestion: how many shares were granted in 2003?\n"
},
{
"role": "agent",
"content": "333712.0"
}
] |
CONVFINQA1827
|
[
{
"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 texas , inc . management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2007 net revenue</td><td>$ 442.3</td></tr><tr><td>3</td><td>volume/weather</td><td>-4.6 ( 4.6 )</td></tr><tr><td>4</td><td>reserve equalization</td><td>-3.3 ( 3.3 )</td></tr><tr><td>5</td><td>securitization transition charge</td><td>9.1</td></tr><tr><td>6</td><td>fuel recovery</td><td>7.5</td></tr><tr><td>7</td><td>other</td><td>-10.1 ( 10.1 )</td></tr><tr><td>8</td><td>2008 net revenue</td><td>$ 440.9</td></tr></table> the volume/weather variance is primarily due to decreased usage during the unbilled sales period . see \"critical accounting estimates\" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues . the reserve equalization variance is primarily due to lower reserve equalization revenue related to changes in the entergy system generation mix compared to the same period in 2007 . the securitization transition charge variance is primarily due to the issuance of securitization bonds . in june 2007 , entergy gulf states reconstruction funding i , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . see note 5 to the financial statements for additional information regarding the securitization bonds . the fuel recovery variance is primarily due to a reserve for potential rate refunds made in the first quarter 2007 as a result of a puct ruling related to the application of past puct rulings addressing transition to competition in texas . the other variance is primarily caused by various operational effects of the jurisdictional separation on revenues and fuel and purchased power expenses . gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased $ 229.3 million primarily due to the following reasons : an increase of $ 157 million in fuel cost recovery revenues due to higher fuel rates and increased usage , partially offset by interim fuel refunds to customers for fuel cost recovery over-collections through november 2007 . the refund was distributed over a two-month period beginning february 2008 . the interim refund and the puct approval is discussed in note 2 to the financial statements ; an increase of $ 37.1 million in affiliated wholesale revenue primarily due to increases in the cost of energy ; an increase in transition charge amounts collected from customers to service the securitization bonds as discussed above . see note 5 to the financial statements for additional information regarding the securitization bonds ; and implementation of an interim surcharge to collect $ 10.3 million in under-recovered incremental purchased capacity costs incurred through july 2007 . the surcharge was collected over a two-month period beginning february 2008 . the incremental capacity recovery rider and puct approval is discussed in note 2 to the financial statements. .\nQuestion: what was the net revenue in 2008?\nAnswer: 440.9\nQuestion: and that in 2007?\n"
},
{
"role": "agent",
"content": "442.3"
}
] |
CONVFINQA6902
|
[
{
"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\nedwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) . under the nonemployee directors program , each nonemployee director may receive annually up to 10000 stock options or 4000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million . additionally , each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units . each option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments . each option and restricted stock unit award granted after 2011 generally vests after one year . upon a director 2019s initial election to the board , the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 10000 shares . these grants vest over three years from the date of grant . under the nonemployee directors program , an aggregate of 1.4 million shares of the company 2019s common stock has been authorized for issuance . the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) . under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase . under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations . the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states to the extent permitted by local law . the espp for united states employees is qualified under section 423 of the internal revenue code . the number of shares of common stock authorized for issuance under the espp was 6.6 million shares . the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables . the risk-free interest rate is estimated using the u.s . treasury yield curve and is based on the expected term of the award . expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards 2019 stock and the implied volatility from traded options on edwards 2019 stock . the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding . the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.1% ( 5.1 % ) . the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>average risk-free interest rate</td><td>0.8% ( 0.8 % )</td><td>0.7% ( 0.7 % )</td><td>1.7% ( 1.7 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>none</td><td>none</td><td>none</td></tr><tr><td>4</td><td>expected volatility</td><td>31% ( 31 % )</td><td>31% ( 31 % )</td><td>27% ( 27 % )</td></tr><tr><td>5</td><td>expected life ( years )</td><td>4.6</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>fair value per share</td><td>$ 19.47</td><td>$ 23.93</td><td>$ 22.78</td></tr></table> .\nQuestion: what was the change in the fair value per share between 2011 and 2012?\nAnswer: 1.15\nQuestion: and the percentage change?\nAnswer: 0.05048\nQuestion: and the change in this value between 2012 and 2013?\n"
},
{
"role": "agent",
"content": "-4.46"
}
] |
CONVFINQA4953
|
[
{
"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 biomet holdings , inc . 2018 form 10-k annual report ( 8 ) we have incurred other various expenses from specific events or projects that we consider highly variable or have a significant impact to our operating results that we have excluded from our non-gaap financial measures . this includes legal entity and operational restructuring as well as our costs of complying with our dpa with the u.s . government related to certain fcpa matters involving biomet and certain of its subsidiaries . under the dpa , which has a three-year term , we are subject to oversight by an independent compliance monitor , which monitorship commenced in july 2017 . the excluded costs include the fees paid to the independent compliance monitor and to external legal counsel assisting in the matter . ( 9 ) represents the tax effects on the previously specified items . the tax effect for the u.s . jurisdiction is calculated based on an effective rate considering federal and state taxes , as well as permanent items . for jurisdictions outside the u.s. , the tax effect is calculated based upon the statutory rates where the items were incurred . ( 10 ) the 2016 period includes negative effects from finalizing the tax accounts for the biomet merger . under the applicable u.s . gaap rules , these measurement period adjustments are recognized on a prospective basis in the period of change . ( 11 ) the 2017 tax act resulted in a net favorable provisional adjustment due to the reduction of deferred tax liabilities for unremitted earnings and revaluation of deferred tax liabilities to a 21 percent rate , which was partially offset by provisional tax charges related to the toll charge provision of the 2017 tax act . in 2018 , we finalized our estimates of the effects of the 2017 tax act based upon final guidance issued by u.s . tax authorities . ( 12 ) other certain tax adjustments in 2018 primarily related to changes in tax rates on deferred tax liabilities recorded on intangible assets recognized in acquisition-related accounting and adjustments from internal restructuring transactions that provide us access to offshore funds in a tax efficient manner . in 2017 , other certain tax adjustments relate to tax benefits from lower tax rates unrelated to the impact of the 2017 tax act , net favorable resolutions of various tax matters and net favorable adjustments from internal restructuring transactions . the 2016 adjustment primarily related to a favorable adjustment to certain deferred tax liabilities recognized as part of acquisition-related accounting and favorable resolution of certain tax matters with taxing authorities offset by internal restructuring transactions that provide us access to offshore funds in a tax efficient manner . ( 13 ) diluted share count used in adjusted diluted eps : year ended december 31 , 2018 . <table class='wikitable'><tr><td>1</td><td>-</td><td>year endeddecember 31 2018</td></tr><tr><td>2</td><td>diluted shares</td><td>203.5</td></tr><tr><td>3</td><td>dilutive shares assuming net earnings</td><td>1.5</td></tr><tr><td>4</td><td>adjusted diluted shares</td><td>205.0</td></tr></table> liquidity and capital resources cash flows provided by operating activities were $ 1747.4 million in 2018 compared to $ 1582.3 million and $ 1632.2 million in 2017 and 2016 , respectively . the increase in operating cash flows in 2018 compared to 2017 was driven by additional cash flows from our sale of accounts receivable in certain countries , lower acquisition and integration expenses and lower quality remediation expenses , as well as certain significant payments made in the 2017 period . in the 2017 period , we made payments related to the u.s . durom cup settlement program , and we paid $ 30.5 million in settlement payments to resolve previously-disclosed fcpa matters involving biomet and certain of its subsidiaries as discussed in note 19 to our consolidated financial statements included in item 8 of this report . the decline in operating cash flows in 2017 compared to 2016 was driven by additional investments in inventory , additional expenses for quality remediation and the significant payments made in the 2017 period as discussed in the previous sentence . these unfavorable items were partially offset by $ 174.0 million of incremental cash flows in 2017 from our sale of accounts receivable in certain countries . cash flows used in investing activities were $ 416.6 million in 2018 compared to $ 510.8 million and $ 1691.5 million in 2017 and 2016 , respectively . instrument and property , plant and equipment additions reflected ongoing investments in our product portfolio and optimization of our manufacturing and logistics network . in 2018 , we entered into receive-fixed-rate , pay-fixed-rate cross-currency interest rate swaps . our investing cash flows reflect the net cash inflows from the fixed- rate interest rate receipts/payments , as well as the termination of certain of these swaps that were in a gain position in the year . the 2016 period included cash outflows for the acquisition of ldr holding corporation ( 201cldr 201d ) and other business acquisitions . additionally , the 2016 period reflects the maturity of available-for-sale debt securities . as these investments matured , we used the cash to pay off debt and have not reinvested in any additional debt securities . cash flows used in financing activities were $ 1302.2 million in 2018 . our primary use of available cash in 2018 was for debt repayment . we received net proceeds of $ 749.5 million from the issuance of additional senior notes and borrowed $ 400.0 million from our multicurrency revolving facility to repay $ 1150.0 million of senior notes that became due on april 2 , 2018 . we subsequently repaid the $ 400.0 million of multicurrency revolving facility borrowings . also in 2018 , we borrowed another $ 675.0 million under a new u.s . term loan c and used the cash proceeds along with cash generated from operations throughout the year to repay an aggregate of $ 835.0 million on u.s . term loan a , $ 450.0 million on u.s . term loan b , and we subsequently repaid $ 140.0 million on u.s . term loan c . overall , we had approximately $ 1150 million of net principal repayments on our senior notes and term loans in 2018 . in 2017 , our primary use of available cash was also for debt repayment compared to 2016 when we were not able to repay as much debt due to financing requirements to complete the ldr and other business acquisitions . additionally in 2017 , we had net cash inflows of $ 103.5 million on factoring programs that had not been remitted to the third party . in 2018 , we had net cash outflows related to these factoring programs as we remitted the $ 103.5 million and collected only $ 66.8 million which had not yet been remitted by the end of the year . since our factoring programs started at the end of 2016 , we did not have similar cash flows in that year . in january 2019 , we borrowed an additional $ 200.0 million under u.s . term loan c and used those proceeds , along with cash on hand , to repay the remaining $ 225.0 million outstanding under u.s . term loan b . in february , may , august and december 2018 , our board of directors declared cash dividends of $ 0.24 per share . we expect to continue paying cash dividends on a quarterly basis ; however , future dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change . as further discussed in note 11 to our consolidated financial statements , our debt facilities restrict the payment of dividends in certain circumstances. .\nQuestion: what was the total in cash flows used in investing activities in 2018?\n"
},
{
"role": "agent",
"content": "416.6"
}
] |
CONVFINQA611
|
[
{
"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 net derivative losses of $ 13 million . review by segment general we serve clients through the following segments : 2022 risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network . 2022 hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . risk solutions . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>revenue</td><td>$ 6817</td><td>$ 6423</td><td>$ 6305</td></tr><tr><td>3</td><td>operating income</td><td>1314</td><td>1194</td><td>900</td></tr><tr><td>4</td><td>operating margin</td><td>19.3% ( 19.3 % )</td><td>18.6% ( 18.6 % )</td><td>14.3% ( 14.3 % )</td></tr></table> the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business . the economic activity that impacts property and casualty insurance is described as exposure units , and is closely correlated with employment levels , corporate revenue and asset values . during 2011 we began to see some improvement in pricing ; however , we would still consider this to be a 2018 2018soft market , 2019 2019 which began in 2007 . in a soft market , premium rates flatten or decrease , along with commission revenues , due to increased competition for market share among insurance carriers or increased underwriting capacity . changes in premiums have a direct and potentially material impact on the insurance brokerage industry , as commission revenues are generally based on a percentage of the premiums paid by insureds . in 2011 , pricing showed signs of stabilization and improvement in both our retail and reinsurance brokerage product lines and we expect this trend to slowly continue into 2012 . additionally , beginning in late 2008 and continuing through 2011 , we faced difficult conditions as a result of unprecedented disruptions in the global economy , the repricing of credit risk and the deterioration of the financial markets . weak global economic conditions have reduced our customers 2019 demand for our brokerage products , which have had a negative impact on our operational results . risk solutions generated approximately 60% ( 60 % ) of our consolidated total revenues in 2011 . revenues are generated primarily through fees paid by clients , commissions and fees paid by insurance and reinsurance companies , and investment income on funds held on behalf of clients . our revenues vary from quarter to quarter throughout the year as a result of the timing of our clients 2019 policy renewals , the net effect of new and lost business , the timing of services provided to our clients , and the income we earn on investments , which is heavily influenced by short-term interest rates . we operate in a highly competitive industry and compete with many retail insurance brokerage and agency firms , as well as with individual brokers , agents , and direct writers of insurance coverage . specifically , we address the highly specialized product development and risk management needs of commercial enterprises , professional groups , insurance companies , governments , health care providers , and non-profit groups , among others ; provide affinity products for professional liability , life , disability .\nQuestion: what were net revenues in 2011?\n"
},
{
"role": "agent",
"content": "6817.0"
}
] |
CONVFINQA7239
|
[
{
"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 the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2017 . period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>total numberof sharespurchased</td><td>averageprice paidper share</td><td>total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a )</td><td>total number ofshares purchased aspart of publiclyannounced plans orprograms</td><td>approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )</td></tr><tr><td>2</td><td>october 2017</td><td>515762</td><td>$ 77.15</td><td>292145</td><td>223617</td><td>$ 1.6 billion</td></tr><tr><td>3</td><td>november 2017</td><td>2186889</td><td>$ 81.21</td><td>216415</td><td>1970474</td><td>$ 1.4 billion</td></tr><tr><td>4</td><td>december 2017</td><td>2330263</td><td>$ 87.76</td><td>798</td><td>2329465</td><td>$ 1.2 billion</td></tr><tr><td>5</td><td>total</td><td>5032914</td><td>$ 83.83</td><td>509358</td><td>4523556</td><td>$ 1.2 billion</td></tr></table> ( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2017 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans . ( b ) on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock ( the 2016 program ) with no expiration date . as of december 31 , 2017 , we had $ 1.2 billion remaining available for purchase under the 2016 program . on january 23 , 2018 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date. .\nQuestion: what was the share price in november 2017?\nAnswer: 81.21\nQuestion: what was it in october 2017?\nAnswer: 77.15\nQuestion: what is the net change?\nAnswer: 4.06\nQuestion: what was the october price?\n"
},
{
"role": "agent",
"content": "77.15"
}
] |
CONVFINQA2228
|
[
{
"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\napple inc . | 2016 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 24 , 2016 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 23 , 2011 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . copyright a9 2016 s&p , a division of mcgraw hill financial . all rights reserved . copyright a9 2016 dow jones & co . all rights reserved . september september september september september september . <table class='wikitable'><tr><td>1</td><td>-</td><td>september2011</td><td>september2012</td><td>september2013</td><td>september2014</td><td>september2015</td><td>september2016</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 166</td><td>$ 123</td><td>$ 183</td><td>$ 212</td><td>$ 213</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 100</td><td>$ 130</td><td>$ 155</td><td>$ 186</td><td>$ 185</td><td>$ 213</td></tr><tr><td>4</td><td>s&p information technology index</td><td>$ 100</td><td>$ 132</td><td>$ 142</td><td>$ 183</td><td>$ 187</td><td>$ 230</td></tr><tr><td>5</td><td>dow jones u.s . technology supersector index</td><td>$ 100</td><td>$ 130</td><td>$ 137</td><td>$ 178</td><td>$ 177</td><td>$ 217</td></tr></table> .\nQuestion: what was the value of apple inc. in 2014?\nAnswer: 183.0\nQuestion: and what was it in 2013?\nAnswer: 123.0\nQuestion: what was, then, the change in value from 2013 to 2014?\nAnswer: 60.0\nQuestion: and how much does that change represent in relation to the 2013 apple inc. value?\n"
},
{
"role": "agent",
"content": "0.4878"
}
] |
CONVFINQA5984
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nto the two-class method . the provisions of this guidance were required for fiscal years beginning after december 15 , 2008 . the company has adopted this guidance for current period computations of earnings per share , and has updated prior period computations of earnings per share . the adoption of this guidance in the first quarter of 2009 did not have a material impact on the company 2019s computation of earnings per share . refer to note 11 for further discussion . in june 2008 , the fasb issued accounting guidance addressing the determination of whether provisions that introduce adjustment features ( including contingent adjustment features ) would prevent treating a derivative contract or an embedded derivative on a company 2019s own stock as indexed solely to the company 2019s stock . this guidance was effective for fiscal years beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in march 2008 , the fasb issued accounting guidance intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an entity 2019s financial position , financial performance , and cash flows . this guidance was effective for the fiscal years and interim periods beginning after november 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in december 2007 , the fasb issued replacement guidance that requires the acquirer of a business to recognize and measure the identifiable assets acquired , the liabilities assumed , and any non-controlling interest in the acquired entity at fair value . this replacement guidance also requires transaction costs related to the business combination to be expensed as incurred . it was effective for business combinations for which the acquisition date was on or after the start of the fiscal year beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in december 2007 , the fasb issued accounting guidance that establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary . this guidance was effective for fiscal years beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in september 2006 , the fasb issued accounting guidance which defines fair value , establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value measurements . this guidance was effective for fiscal years beginning after november 15 , 2007 , however the fasb delayed the effective date to fiscal years beginning after november 15 , 2008 for nonfinancial assets and nonfinancial liabilities , except those items recognized or disclosed at fair value on an annual or more frequent basis . the adoption of this guidance for nonfinancial assets and liabilities in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . 3 . inventories inventories consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>december 31 , 2009</td><td>december 31 , 2008</td></tr><tr><td>2</td><td>finished goods</td><td>$ 155596</td><td>$ 187072</td></tr><tr><td>3</td><td>raw materials</td><td>785</td><td>731</td></tr><tr><td>4</td><td>work-in-process</td><td>71</td><td>6</td></tr><tr><td>5</td><td>subtotal inventories</td><td>156452</td><td>187809</td></tr><tr><td>6</td><td>inventories reserve</td><td>-7964 ( 7964 )</td><td>-5577 ( 5577 )</td></tr><tr><td>7</td><td>total inventories</td><td>$ 148488</td><td>$ 182232</td></tr></table> .\nQuestion: what is the balance of inventories reserve as of december 31, 2009?\nAnswer: 7964.0\nQuestion: what about as of december 31, 2008?\nAnswer: 5577.0\nQuestion: what is the net change between 2008 and 2009?\n"
},
{
"role": "agent",
"content": "2387.0"
}
] |
CONVFINQA1694
|
[
{
"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 entered into agreements with various governmental entities in the states of kentucky , georgia and tennessee to implement tax abatement plans related to its distribution center in franklin , kentucky ( simpson county ) , its distribution center in macon , georgia ( bibb county ) , and its store support center in brentwood , tennessee ( williamson county ) . the tax abatement plans provide for reduction of real property taxes for specified time frames by legally transferring title to its real property in exchange for industrial revenue bonds . this property was then leased back to the company . no cash was exchanged . the lease payments are equal to the amount of the payments on the bonds . the tax abatement period extends through the term of the lease , which coincides with the maturity date of the bonds . at any time , the company has the option to purchase the real property by paying off the bonds , plus $ 1 . the terms and amounts authorized and drawn under each industrial revenue bond agreement are outlined as follows , as of december 30 , 2017 : bond term bond authorized amount ( in millions ) amount drawn ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>bond term</td><td>bond authorized amount ( in millions )</td><td>amount drawn ( in millions )</td></tr><tr><td>2</td><td>franklin kentucky distribution center</td><td>30 years</td><td>$ 54.0</td><td>$ 51.8</td></tr><tr><td>3</td><td>macon georgia distribution center</td><td>15 years</td><td>$ 58.0</td><td>$ 49.9</td></tr><tr><td>4</td><td>brentwood tennessee store support center</td><td>10 years</td><td>$ 78.0</td><td>$ 75.3</td></tr></table> due to the form of these transactions , the company has not recorded the bonds or the lease obligation associated with the sale lease-back transaction . the original cost of the company 2019s property and equipment is recorded on the balance sheet and is being depreciated over its estimated useful life . capitalized software costs the company capitalizes certain costs related to the acquisition and development of software and amortizes these costs using the straight-line method over the estimated useful life of the software , which is three to five years . computer software consists of software developed for internal use and third-party software purchased for internal use . a subsequent addition , modification or upgrade to internal-use software is capitalized to the extent that it enhances the software 2019s functionality or extends its useful life . these costs are included in computer software and hardware in the accompanying consolidated balance sheets . certain software costs not meeting the criteria for capitalization are expensed as incurred . store closing costs the company regularly evaluates the performance of its stores and periodically closes those that are under-performing . the company records a liability for costs associated with an exit or disposal activity when the liability is incurred , usually in the period the store closes . store closing costs were not significant to the results of operations for any of the fiscal years presented . leases assets under capital leases are amortized in accordance with the company 2019s normal depreciation policy for owned assets or over the lease term , if shorter , and the related charge to operations is included in depreciation expense in the consolidated statements of income . certain operating leases include rent increases during the lease term . for these leases , the company recognizes the related rental expense on a straight-line basis over the term of the lease ( which includes the pre-opening period of construction , renovation , fixturing and merchandise placement ) and records the difference between the expense charged to operations and amounts paid as a deferred rent liability . the company occasionally receives reimbursements from landlords to be used towards improving the related store to be leased . leasehold improvements are recorded at their gross costs , including items reimbursed by landlords . related reimbursements are deferred and amortized on a straight-line basis as a reduction of rent expense over the applicable lease term . note 2 - share-based compensation : share-based compensation includes stock option and restricted stock unit awards and certain transactions under the company 2019s espp . share-based compensation expense is recognized based on the grant date fair value of all stock option and restricted stock unit awards plus a discount on shares purchased by employees as a part of the espp . the discount under the espp represents the difference between the purchase date market value and the employee 2019s purchase price. .\nQuestion: what is the percent of the amount drawn to the amount authorized for the franklin kentucky distribution center?\nAnswer: 0.95926\nQuestion: what is the amount lost from the bond authorization to the withdrawn for brentwood tennessee store support center?\nAnswer: 2.7\nQuestion: what is the bond authorized amount for macon georgia distribution center?\n"
},
{
"role": "agent",
"content": "58.0"
}
] |
CONVFINQA1321
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company endeavors to actively engage with every insured account posing significant potential asbestos exposure to mt . mckinley . such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements . sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments . the company 2019s mt . mckinley operation is currently managing four sip agreements , one of which was executed prior to the acquisition of mt . mckinley in 2000 . the company 2019s preference with respect to coverage settlements is to execute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty . the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active . those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity . the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders . everest re 2019s book of assumed a&e reinsurance is relatively concentrated within a limited number of contracts and for a limited period , from 1974 to 1984 . because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities . the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies . this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies . as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention . however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers . this furnished information is not always timely or accurate and can impact the accuracy and timeliness of the company 2019s ultimate loss projections . the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td><td>years ended december 31 , 2010</td></tr><tr><td>2</td><td>case reserves reported by ceding companies</td><td>$ 138.4</td><td>$ 145.6</td><td>$ 135.4</td></tr><tr><td>3</td><td>additional case reserves established by the company ( assumed reinsurance ) ( 1 )</td><td>90.6</td><td>102.9</td><td>116.1</td></tr><tr><td>4</td><td>case reserves established by the company ( direct insurance )</td><td>36.7</td><td>40.6</td><td>38.9</td></tr><tr><td>5</td><td>incurred but not reported reserves</td><td>177.1</td><td>210.9</td><td>264.4</td></tr><tr><td>6</td><td>gross reserves</td><td>442.8</td><td>499.9</td><td>554.8</td></tr><tr><td>7</td><td>reinsurance receivable</td><td>-17.1 ( 17.1 )</td><td>-19.8 ( 19.8 )</td><td>-21.9 ( 21.9 )</td></tr><tr><td>8</td><td>net reserves</td><td>$ 425.7</td><td>$ 480.2</td><td>$ 532.9</td></tr></table> ( 1 ) additional reserves are case specific reserves established by the company in excess of those reported by the ceding company , based on the company 2019s assessment of the covered loss . ( some amounts may not reconcile due to rounding. ) additional losses , including those relating to latent injuries and other exposures , which are as yet unrecognized , the type or magnitude of which cannot be foreseen by either the company or the industry , may emerge in the future . such future emergence could have material adverse effects on the company 2019s future financial condition , results of operations and cash flows. .\nQuestion: what was the net reserves as of 12/31/12?\nAnswer: 425.7\nQuestion: and for the period ended 12/31/11?\nAnswer: 480.2\nQuestion: what was the difference between these two balances?\n"
},
{
"role": "agent",
"content": "-54.5"
}
] |
CONVFINQA1922
|
[
{
"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( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options . shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the 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 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 s&p 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 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/04</td><td>12/31/05</td><td>12/31/06</td><td>12/31/07</td><td>12/31/08</td><td>12/31/09</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 89.49</td><td>$ 91.06</td><td>$ 87.88</td><td>$ 70.48</td><td>$ 75.95</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 100.00</td><td>$ 104.91</td><td>$ 121.48</td><td>$ 128.15</td><td>$ 80.74</td><td>$ 102.11</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 111.65</td><td>$ 122.61</td><td>$ 124.35</td><td>$ 97.72</td><td>$ 115.88</td></tr></table> .\nQuestion: what was the value of ups in 2006?\n"
},
{
"role": "agent",
"content": "91.06"
}
] |
CONVFINQA185
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart i the following table details the growth in global weighted average berths and the global , north american and european cruise guests over the past five years : weighted-average supply of berths marketed globally ( 1 ) royal caribbean cruises ltd . total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>weighted-averagesupply ofberthsmarketedglobally ( 1 )</td><td>royal caribbean cruises ltd . total berths</td><td>globalcruiseguests ( 1 )</td><td>north americancruiseguests ( 2 )</td><td>europeancruiseguests ( 3 )</td></tr><tr><td>2</td><td>2009</td><td>363000</td><td>84050</td><td>17340000</td><td>10198000</td><td>5000000</td></tr><tr><td>3</td><td>2010</td><td>391000</td><td>92300</td><td>18800000</td><td>10781000</td><td>5540000</td></tr><tr><td>4</td><td>2011</td><td>412000</td><td>92650</td><td>20227000</td><td>11625000</td><td>5894000</td></tr><tr><td>5</td><td>2012</td><td>425000</td><td>98650</td><td>20898000</td><td>11640000</td><td>6139000</td></tr><tr><td>6</td><td>2013</td><td>432000</td><td>98750</td><td>21300000</td><td>11816000</td><td>6399000</td></tr></table> ( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a com- bination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider , cruise industry news and cruise line international association ( 201cclia 201d ) . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates ( see number 1 above ) . includes the united states of america and canada . ( 3 ) source : clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates ( see number 1 above ) . north america the majority of cruise guests are sourced from north america , which represented approximately 56% ( 56 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 3.2% ( 3.2 % ) from 2009 to 2013 . europe cruise guests sourced from europe represented approximately 30% ( 30 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 6.0% ( 6.0 % ) from 2009 to 2013 . other markets in addition to expected industry growth in north america and europe , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . based on industry data , cruise guests sourced from the asia/pacific region represented approximately 4.5% ( 4.5 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 15% ( 15 % ) from 2011 to 2013 . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activities is influenced by political and general economic conditions . com- panies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : and employees and protect the environment in which our vessels and organization operate , to better serve our global guest base and grow our business , order to enhance our revenues , our brands globally , expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , ization and maintenance of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with new state-of- the-art cruise ships , ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and .\nQuestion: in 2013, what was the total of global cruise guests from either north america or europe?\nAnswer: 18215000.0\nQuestion: and what was the total of all global cruise guests?\n"
},
{
"role": "agent",
"content": "21300000.0"
}
] |
CONVFINQA11047
|
[
{
"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 expense . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>interest incurred</td><td>$ 158.1</td><td>$ 167.6</td><td>$ 153.9</td></tr><tr><td>3</td><td>less : capitalized interest</td><td>33.0</td><td>25.8</td><td>30.2</td></tr><tr><td>4</td><td>interest expense</td><td>$ 125.1</td><td>$ 141.8</td><td>$ 123.7</td></tr></table> 2014 vs . 2013 interest incurred decreased $ 9.5 . the decrease was primarily due to a lower average interest rate on the debt portfolio which reduced interest by $ 13 , partially offset by a higher average debt balance which increased interest by $ 6 . the change in capitalized interest was driven by a higher carrying value in construction in progress . 2013 vs . 2012 interest incurred increased $ 13.7 . the increase was driven primarily by a higher average debt balance for $ 41 , partially offset by a lower average interest rate on the debt portfolio of $ 24 . the change in capitalized interest was driven by a decrease in project spending and a lower average interest rate . effective tax rate the effective tax rate equals the income tax provision divided by income from continuing operations before taxes . refer to note 22 , income taxes , to the consolidated financial statements for details on factors affecting the effective tax rate . 2014 vs . 2013 on a gaap basis , the effective tax rate was 27.0% ( 27.0 % ) and 22.8% ( 22.8 % ) in 2014 and 2013 , respectively . the effective tax rate was higher in the current year primarily due to the goodwill impairment charge of $ 305.2 , which was not deductible for tax purposes , and the chilean tax reform enacted in september 2014 which increased income tax expense by $ 20.6 . these impacts were partially offset by an income tax benefit of $ 51.6 associated with losses from transactions and a tax election in a non-u.s . subsidiary . the prior year rate included income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs . refer to note 4 , business restructuring and cost reduction actions ; note 9 , goodwill ; note 22 , income taxes ; and note 23 , supplemental information , to the consolidated financial statements for details on these transactions . on a non-gaap basis , the effective tax rate was 24.0% ( 24.0 % ) and 24.2% ( 24.2 % ) in 2014 and 2013 , respectively . 2013 vs . 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively . the effective rate in 2013 includes income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs . the effective rate in 2012 includes income tax benefits of $ 105.0 related to the business restructuring and cost reduction plans , $ 58.3 related to the second quarter spanish tax ruling , and $ 3.7 related to the customer bankruptcy charge , offset by income tax expense of $ 43.8 related to the first quarter spanish tax settlement and $ 31.3 related to the gain on the previously held equity interest in da nanomaterials . refer to note 4 , business restructuring and cost reduction actions ; note 5 , business combinations ; note 22 , income taxes ; and note 23 , supplemental information , to the consolidated financial statements for details on these transactions . on a non-gaap basis , the effective tax rate was 24.2% ( 24.2 % ) in both 2013 and 2012 . discontinued operations during the second quarter of 2012 , the board of directors authorized the sale of our homecare business , which had previously been reported as part of the merchant gases operating segment . in 2012 , we sold the majority of our homecare business to the linde group for sale proceeds of 20ac590 million ( $ 777 ) and recognized a gain of $ 207.4 ( $ 150.3 after-tax , or $ .70 per share ) . in addition , an impairment charge of $ 33.5 ( $ 29.5 after-tax , or $ .14 per share ) was recorded to write down the remaining business , which was primarily in the united kingdom and ireland , to its estimated net realizable value . in 2013 , we recorded an additional charge of $ 18.7 ( $ 13.6 after-tax , or $ .06 per share ) to update our estimate of the net realizable value . in 2014 , a gain of $ 3.9 was recognized for the sale of the remaining homecare business and settlement of contingencies on the sale to the linde group . refer to note 3 , discontinued operations , to the consolidated financial statements for additional details on this business. .\nQuestion: how much does the interest expense of 2013 represents in relation to that of 2012?\n"
},
{
"role": "agent",
"content": "1.14632"
}
] |
CONVFINQA9428
|
[
{
"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\n92 | 2017 form 10-k finite-lived intangible assets are amortized over their estimated useful lives and tested for impairment if events or changes in circumstances indicate that the asset may be impaired . in 2016 , gross customer relationship intangibles of $ 96 million and related accumulated amortization of $ 27 million as well as gross intellectual property intangibles of $ 111 million and related accumulated amortization of $ 48 million from the resource industries segment were impaired . the fair value of these intangibles was determined to be insignificant based on an income approach using expected cash flows . the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs . the total impairment of $ 132 million was a result of restructuring activities and is included in other operating ( income ) expense in statement 1 . see note 25 for information on restructuring costs . amortization expense related to intangible assets was $ 323 million , $ 326 million and $ 337 million for 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , amortization expense related to intangible assets is expected to be : ( millions of dollars ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>2019</td><td>2020</td><td>2021</td><td>2022</td><td>thereafter</td></tr><tr><td>2</td><td>$ 322</td><td>$ 316</td><td>$ 305</td><td>$ 287</td><td>$ 268</td><td>$ 613</td></tr></table> b . goodwill there were no goodwill impairments during 2017 or 2015 . our annual impairment tests completed in the fourth quarter of 2016 indicated the fair value of each reporting unit was substantially above its respective carrying value , including goodwill , with the exception of our surface mining & technology reporting unit . the surface mining & technology reporting unit , which primarily serves the mining industry , is a part of our resource industries segment . the goodwill assigned to this reporting unit is largely from our acquisition of bucyrus international , inc . in 2011 . its product portfolio includes large mining trucks , electric rope shovels , draglines , hydraulic shovels and related parts . in addition to equipment , surface mining & technology also develops and sells technology products and services to provide customer fleet management , equipment management analytics and autonomous machine capabilities . the annual impairment test completed in the fourth quarter of 2016 indicated that the fair value of surface mining & technology was below its carrying value requiring the second step of the goodwill impairment test process . the fair value of surface mining & technology was determined primarily using an income approach based on a discounted ten year cash flow . we assigned the fair value to surface mining & technology 2019s assets and liabilities using various valuation techniques that required assumptions about royalty rates , dealer attrition , technological obsolescence and discount rates . the resulting implied fair value of goodwill was below the carrying value . accordingly , we recognized a goodwill impairment charge of $ 595 million , which resulted in goodwill of $ 629 million remaining for surface mining & technology as of october 1 , 2016 . the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs . there was a $ 17 million tax benefit associated with this impairment charge. .\nQuestion: what was the change in amortization expense related to intangible assets from 2017 to 2018, in millions?\nAnswer: -1.0\nQuestion: and how much does this change represent in relation to the total amortization expense related to intangible assets in 2017?\n"
},
{
"role": "agent",
"content": "-0.0031"
}
] |
CONVFINQA10504
|
[
{
"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\nbe adjusted by reference to a grid ( the 201cpricing grid 201d ) based on the consolidated leverage ratio and ranges between 1.00% ( 1.00 % ) to 1.25% ( 1.25 % ) for adjusted libor loans and 0.00% ( 0.00 % ) to 0.25% ( 0.25 % ) for alternate base rate loans . the weighted average interest rate under the outstanding term loans and revolving credit facility borrowings was 1.6% ( 1.6 % ) and 1.3% ( 1.3 % ) during the years ended december 31 , 2016 and 2015 , respectively . the company pays a commitment fee on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit . as of december 31 , 2016 , the commitment fee was 15.0 basis points . since inception , the company incurred and deferred $ 3.9 million in financing costs in connection with the credit agreement . 3.250% ( 3.250 % ) senior notes in june 2016 , the company issued $ 600.0 million aggregate principal amount of 3.250% ( 3.250 % ) senior unsecured notes due june 15 , 2026 ( the 201cnotes 201d ) . the proceeds were used to pay down amounts outstanding under the revolving credit facility . interest is payable semi-annually on june 15 and december 15 beginning december 15 , 2016 . prior to march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount of the notes to be redeemed or a 201cmake-whole 201d amount applicable to such notes as described in the indenture governing the notes , plus accrued and unpaid interest to , but excluding , the redemption date . on or after march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to 100% ( 100 % ) of the principal amount of the notes to be redeemed , plus accrued and unpaid interest to , but excluding , the redemption date . the indenture governing the notes contains covenants , including limitations that restrict the company 2019s ability and the ability of certain of its subsidiaries to create or incur secured indebtedness and enter into sale and leaseback transactions and the company 2019s ability to consolidate , merge or transfer all or substantially all of its properties or assets to another person , in each case subject to material exceptions described in the indenture . the company incurred and deferred $ 5.3 million in financing costs in connection with the notes . other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters . the loan has a seven year term and maturity date of december 2019 . the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty . the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above . the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property . as of december 31 , 2016 and 2015 , the outstanding balance on the loan was $ 42.0 million and $ 44.0 million , respectively . the weighted average interest rate on the loan was 2.0% ( 2.0 % ) and 1.7% ( 1.7 % ) for the years ended december 31 , 2016 and 2015 , respectively . the following are the scheduled maturities of long term debt as of december 31 , 2016 : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 27000</td></tr><tr><td>2</td><td>2018</td><td>27000</td></tr><tr><td>3</td><td>2019</td><td>63000</td></tr><tr><td>4</td><td>2020</td><td>25000</td></tr><tr><td>5</td><td>2021</td><td>86250</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>600000</td></tr><tr><td>7</td><td>total scheduled maturities of long term debt</td><td>$ 828250</td></tr><tr><td>8</td><td>current maturities of long term debt</td><td>$ 27000</td></tr></table> .\nQuestion: what was the sum of the 2015 and 2016 loan balances?\n"
},
{
"role": "agent",
"content": "86.0"
}
] |
CONVFINQA7778
|
[
{
"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\ndepreciation and amortization included in operating segment profit for the years ended december 31 , 2008 , 2007 and 2006 was as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>americas</td><td>$ 78.5</td><td>$ 66.9</td><td>$ 56.7</td></tr><tr><td>3</td><td>europe</td><td>57.0</td><td>60.7</td><td>46.5</td></tr><tr><td>4</td><td>asia pacific</td><td>25.6</td><td>22.7</td><td>18.7</td></tr><tr><td>5</td><td>global operations and corporate functions</td><td>114.0</td><td>79.7</td><td>75.5</td></tr><tr><td>6</td><td>total</td><td>$ 275.1</td><td>$ 230.0</td><td>$ 197.4</td></tr></table> 15 . leases future minimum rental commitments under non- cancelable operating leases in effect as of december 31 , 2008 were $ 38.2 million for 2009 , $ 30.1 million for 2010 , $ 20.9 million for 2011 , $ 15.9 million for 2012 , $ 14.3 million for 2013 and $ 29.9 million thereafter . total rent expense for the years ended december 31 , 2008 , 2007 and 2006 aggregated $ 41.4 million , $ 37.1 million and $ 31.1 million , respectively . 16 . commitments and contingencies intellectual property and product liability-related litigation in july 2008 , we temporarily suspended marketing and distribution of the durom bb acetabular component ( durom cup ) in the u.s . to allow us to update product labeling to provide more detailed surgical technique instructions to surgeons and implement a surgical training program in the u.s . following our announcement , product liability lawsuits and other claims have been asserted against us , some of which we have settled . there are a number of claims still pending and we expect additional claims will be submitted . we recorded a provision of $ 47.5 million in the third quarter of 2008 , representing management 2019s estimate of these durom cup-related claims . we increased that provision by $ 21.5 million in the fourth quarter of 2008 . the provision is limited to revisions within two years of an original surgery that occurred prior to july 2008 . these parameters are consistent with our data which indicates that cup loosenings associated with surgical technique are most likely to occur within that time period . any claims received outside of these defined parameters will be managed in the normal course and reflected in our standard product liability accruals . on february 15 , 2005 , howmedica osteonics corp . filed an action against us and an unrelated party in the united states district court for the district of new jersey alleging infringement of u.s . patent nos . 6174934 ; 6372814 ; 6664308 ; and 6818020 . on june 13 , 2007 , the court granted our motion for summary judgment on the invalidity of the asserted claims of u.s . patent nos . 6174934 ; 6372814 ; and 6664308 by ruling that all of the asserted claims are invalid for indefiniteness . on august 19 , 2008 , the court granted our motion for summary judgment of non- infringement of certain claims of u.s . patent no . 6818020 , reducing the number of claims at issue in the suit to five . we continue to believe that our defenses against infringement of the remaining claims are valid and meritorious , and we intend to defend this lawsuit vigorously . in addition to certain claims related to the durom cup discussed above , we are also subject to product liability and other claims and lawsuits arising in the ordinary course of business , for which we maintain insurance , subject to self- insured retention limits . we establish accruals for product liability and other claims in conjunction with outside counsel based on current information and historical settlement information for open claims , related fees and claims incurred but not reported . while it is not possible to predict with certainty the outcome of these cases , it is the opinion of management that , upon ultimate resolution , liabilities from these cases in excess of those recorded , if any , will not have a material adverse effect on our consolidated financial position , results of operations or cash flows . government investigations in march 2005 , the u.s . department of justice through the u.s . attorney 2019s office in newark , new jersey commenced an investigation of us and four other orthopaedic companies pertaining to consulting contracts , professional service agreements and other agreements by which remuneration is provided to orthopaedic surgeons . on september 27 , 2007 , we reached a settlement with the government to resolve all claims related to this investigation . as part of the settlement , we entered into a settlement agreement with the u.s . through the u.s . department of justice and the office of inspector general of the department of health and human services ( the 201coig-hhs 201d ) . in addition , we entered into a deferred prosecution agreement ( the 201cdpa 201d ) with the u.s . attorney 2019s office for the district of new jersey ( the 201cu.s . attorney 201d ) and a corporate integrity agreement ( the 201ccia 201d ) with the oig- hhs . we did not admit any wrongdoing , plead guilty to any criminal charges or pay any criminal fines as part of the settlement . we settled all civil and administrative claims related to the federal investigation by making a settlement payment to the u.s . government of $ 169.5 million . under the terms of the dpa , the u.s . attorney filed a criminal complaint in the u.s . district court for the district of new jersey charging us with conspiracy to commit violations of the anti-kickback statute ( 42 u.s.c . a7 1320a-7b ) during the years 2002 through 2006 . the court deferred prosecution of the criminal complaint during the 18-month term of the dpa . the u.s . attorney will seek dismissal of the criminal complaint after the 18-month period if we comply with the provisions of the dpa . the dpa provides for oversight by a federally-appointed monitor . under the cia , which has a term of five years , we agreed , among other provisions , to continue the operation of our enhanced corporate compliance program , designed to promote compliance with federal healthcare program z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 060000000 ***%%pcmsg|60 |00012|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .\nQuestion: what was the rent expense in 2007?\n"
},
{
"role": "agent",
"content": "37.1"
}
] |
CONVFINQA10812
|
[
{
"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 monitors the financial health and stability of its lenders under the revolving credit and long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . in july 2011 , in connection with the company 2019s acquisition of its corporate headquarters , the company assumed a $ 38.6 million nonrecourse loan secured by a mortgage on the acquired property . the acquisition of the company 2019s corporate headquarters was accounted for as a business combination , and the carrying value of the loan secured by the acquired property approximates fair value . the assumed loan had an original term of approximately ten years with a scheduled maturity date of march 1 , 2013 . the loan includes a balloon payment of $ 37.3 million due at maturity , and may not be prepaid . the assumed loan is nonrecourse with the lender 2019s remedies for non-performance limited to action against the acquired property and certain required reserves and a cash collateral account , except for nonrecourse carve outs related to fraud , breaches of certain representations , warranties or covenants , including those related to environmental matters , and other standard carve outs for a loan of this type . the loan requires certain minimum cash flows and financial results from the property , and if those requirements are not met , additional reserves may be required . the assumed loan requires prior approval of the lender for certain matters related to the property , including material leases , changes to property management , transfers of any part of the property and material alterations to the property . the loan has an interest rate of 6.73% ( 6.73 % ) . in connection with the assumed loan , the company incurred and capitalized $ 0.8 million in deferred financing costs . as of december 31 , 2011 , the outstanding balance on the loan was $ 38.2 million . in addition , in connection with the assumed loan for the acquisition of its corporate headquarters , the company was required to set aside amounts in reserve and cash collateral accounts . as of december 31 , 2011 , $ 2.0 million of restricted cash was included in prepaid expenses and other current assets , and the remaining $ 3.0 million of restricted cash was included in other long term assets . interest expense was $ 3.9 million , $ 2.3 million and $ 2.4 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively . interest expense includes the amortization of deferred financing costs and interest expense under the credit and long term debt facilities , as well as the assumed loan discussed above . 8 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its retail stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2023 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for factory house stores that the company did not yet occupy as of december 31 , 2011 and does not include contingent rent the company may incur at its retail stores based on future sales above a specified limit . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2011 : ( in thousands ) operating . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>operating</td></tr><tr><td>2</td><td>2012</td><td>$ 22926</td></tr><tr><td>3</td><td>2013</td><td>23470</td></tr><tr><td>4</td><td>2014</td><td>26041</td></tr><tr><td>5</td><td>2015</td><td>24963</td></tr><tr><td>6</td><td>2016</td><td>18734</td></tr><tr><td>7</td><td>2017 and thereafter</td><td>69044</td></tr><tr><td>8</td><td>total future minimum lease payments</td><td>$ 185178</td></tr></table> included in selling , general and administrative expense was rent expense of $ 26.7 million , $ 21.3 million and $ 14.1 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively , under non-cancelable .\nQuestion: what was the rent expense for the year ended 12/31/11?\nAnswer: 26.7\nQuestion: and for the year ended 12/31/10?\n"
},
{
"role": "agent",
"content": "21.3"
}
] |
CONVFINQA6744
|
[
{
"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\ncredit agency ratings our long-term debt credit ratings as of february 16 , 2007 were ba3 with negative outlook , b creditwatch negative and b with negative outlook , as reported by moody 2019s investors service , standard & poor 2019s and fitch ratings , respectively . a downgrade in our credit ratings could adversely affect our ability to access capital and could result in more stringent covenants and higher interest rates under the terms of any new indebtedness . contractual obligations the following summarizes our estimated contractual obligations at december 31 , 2006 , and their effect on our liquidity and cash flow in future periods: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2008</td><td>2009</td><td>2010</td><td>2011</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>long-term debt1</td><td>$ 2.6</td><td>$ 2.8</td><td>$ 257.0</td><td>$ 240.9</td><td>$ 500.0</td><td>$ 1247.9</td><td>$ 2251.2</td></tr><tr><td>3</td><td>interest payments</td><td>122.0</td><td>116.1</td><td>107.1</td><td>93.6</td><td>75.1</td><td>74.1</td><td>588.0</td></tr><tr><td>4</td><td>non-cancelable operating lease obligations</td><td>292.3</td><td>265.2</td><td>237.4</td><td>207.9</td><td>181.9</td><td>861.2</td><td>2045.9</td></tr><tr><td>5</td><td>contingent acquisition payments2</td><td>47.2</td><td>34.2</td><td>20.8</td><td>2.5</td><td>2.0</td><td>3.1</td><td>109.8</td></tr></table> contingent acquisition payments 2 47.2 34.2 20.8 2.5 2.0 3.1 109.8 1 holders of our $ 400.0 4.50% ( 4.50 % ) notes may require us to repurchase their notes for cash at par in march 2008 . these notes will mature in 2023 if not converted or repurchased . 2 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 . all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress . see note 18 to the consolidated financial statements for further information . we have not included obligations under our pension and postretirement benefit plans in the contractual obligations table . our funding policy regarding our funded pension plan is to contribute amounts necessary to satisfy minimum pension funding requirements plus such additional amounts from time to time as are determined to be appropriate to improve the plans 2019 funded status . the funded status of our pension plans is dependent upon many factors , including returns on invested assets , level of market interest rates and levels of voluntary contributions to the plans . declines in long-term interest rates have had a negative impact on the funded status of the plans . for 2007 , we do not expect to contribute to our domestic pension plans , and expect to contribute $ 20.6 to our foreign pension plans . we have not included our deferred tax obligations in the contractual obligations table as the timing of any future payments in relation to these obligations is uncertain . derivatives and hedging activities we periodically enter into interest rate swap agreements and forward contracts to manage exposure to interest rate fluctuations and to mitigate foreign exchange volatility . in may of 2005 , we terminated all of our long-term interest rate swap agreements covering the $ 350.0 6.25% ( 6.25 % ) senior unsecured notes and $ 150.0 of the $ 500.0 7.25% ( 7.25 % ) senior unsecured notes . in connection with the interest rate swap termination , our net cash receipts were $ 1.1 , which is recorded as an offset to interest expense over the remaining life of the related debt . we have entered into foreign currency transactions in which various foreign currencies are bought or sold forward . these contracts were entered into to meet currency requirements arising from specific transactions . the changes in value of these forward contracts have been recorded in other income or expense . as of december 31 , 2006 and 2005 , we had contracts covering $ 0.2 and $ 6.2 , respectively , of notional amount of currency and the fair value of the forward contracts was negligible . the terms of the 4.50% ( 4.50 % ) notes include two embedded derivative instruments and the terms of our 4.25% ( 4.25 % ) notes and our series b preferred stock each include one embedded derivative instrument . the fair value of these derivatives on december 31 , 2006 was negligible . the interpublic group of companies , inc . and subsidiaries management 2019s discussion and analysis of financial condition and results of operations 2014 ( continued ) ( amounts in millions , except per share amounts ) %%transmsg*** transmitting job : y31000 pcn : 036000000 ***%%pcmsg|36 |00005|yes|no|02/28/2007 01:12|0|0|page is valid , no graphics -- color : d| .\nQuestion: what was the total in long-term debt and interest payments, combined, in 2007?\nAnswer: 124.6\nQuestion: and what was the amount in non-cancelable operating lease obligations in that same year?\n"
},
{
"role": "agent",
"content": "292.3"
}
] |
CONVFINQA8110
|
[
{
"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\nnonoperating income ( expense ) . blackrock also uses operating margin , as adjusted , to monitor corporate performance and efficiency and as a benchmark to compare its performance with other companies . management uses both gaap and non-gaap financial measures in evaluating blackrock 2019s financial performance . the non-gaap measure by itself may pose limitations because it does not include all of blackrock 2019s revenues and expenses . operating income used for measuring operating margin , as adjusted , is equal to operating income , as adjusted , excluding the impact of closed-end fund launch costs and related commissions . management believes the exclusion of such costs and related commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact blackrock 2019s results until future periods . revenue used for operating margin , as adjusted , excludes distribution and servicing costs paid to related parties and other third parties . management believes the exclusion of such costs is useful because it creates consistency in the treatment for certain contracts for similar services , which due to the terms of the contracts , are accounted for under gaap on a net basis within investment advisory , administration fees and securities lending revenue . amortization of deferred sales commissions is excluded from revenue used for operating margin measurement , as adjusted , because such costs , over time , substantially offset distribution fee revenue the company earns . for each of these items , blackrock excludes from revenue used for operating margin , as adjusted , the costs related to each of these items as a proxy for such offsetting revenues . ( b ) nonoperating income ( expense ) , less net income ( loss ) attributable to noncontrolling interests , as adjusted , is presented below . the compensation expense offset is recorded in operating income . this compensation expense has been included in nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , to offset returns on investments set aside for these plans , which are reported in nonoperating income ( expense ) , gaap basis . management believes nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides comparability of information among reporting periods and is an effective measure for reviewing blackrock 2019s nonoperating contribution to results . as compensation expense associated with ( appreciation ) depreciation on investments related to certain deferred compensation plans , which is included in operating income , substantially offsets the gain ( loss ) on the investments set aside for these plans , management believes nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides a useful measure , for both management and investors , of blackrock 2019s nonoperating results that impact book value . during 2013 , the noncash , nonoperating pre-tax gain of $ 80 million related to the contributed pennymac investment has been excluded from nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted due to its nonrecurring nature and because the more than offsetting associated charitable contribution expense of $ 124 million is reported in operating income . ( in millions ) 2013 2012 2011 nonoperating income ( expense ) , gaap basis $ 116 $ ( 54 ) $ ( 114 ) less : net income ( loss ) attributable to nci 19 ( 18 ) 2 . <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>nonoperating income ( expense ) gaap basis</td><td>$ 116</td><td>$ -54 ( 54 )</td><td>$ -114 ( 114 )</td></tr><tr><td>3</td><td>less : net income ( loss ) attributable to nci</td><td>19</td><td>-18 ( 18 )</td><td>2</td></tr><tr><td>4</td><td>nonoperating income ( expense )</td><td>97</td><td>-36 ( 36 )</td><td>-116 ( 116 )</td></tr><tr><td>5</td><td>gain related to charitable contribution</td><td>-80 ( 80 )</td><td>2014</td><td>2014</td></tr><tr><td>6</td><td>compensation expense related to ( appreciation ) depreciation on deferred compensation plans</td><td>-10 ( 10 )</td><td>-6 ( 6 )</td><td>3</td></tr><tr><td>7</td><td>nonoperating income ( expense ) less net income ( loss ) attributable to nci as adjusted</td><td>$ 7</td><td>$ -42 ( 42 )</td><td>$ -113 ( 113 )</td></tr></table> gain related to charitable contribution ( 80 ) 2014 2014 compensation expense related to ( appreciation ) depreciation on deferred compensation plans ( 10 ) ( 6 ) 3 nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted $ 7 $ ( 42 ) $ ( 113 ) ( c ) net income attributable to blackrock , as adjusted : management believes net income attributable to blackrock , inc. , as adjusted , and diluted earnings per common share , as adjusted , are useful measures of blackrock 2019s profitability and financial performance . net income attributable to blackrock , inc. , as adjusted , equals net income attributable to blackrock , inc. , gaap basis , adjusted for significant nonrecurring items , charges that ultimately will not impact blackrock 2019s book value or certain tax items that do not impact cash flow . see note ( a ) operating income , as adjusted , and operating margin , as adjusted , for information on the pnc ltip funding obligation , merrill lynch compensation contribution , charitable contribution , u.k . lease exit costs , contribution to stifs and restructuring charges . the 2013 results included a tax benefit of approximately $ 48 million recognized in connection with the charitable contribution . the tax benefit has been excluded from net income attributable to blackrock , inc. , as adjusted due to the nonrecurring nature of the charitable contribution . during 2013 , income tax changes included adjustments related to the revaluation of certain deferred income tax liabilities , including the effect of legislation enacted in the united kingdom and domestic state and local income tax changes . during 2012 , income tax changes included adjustments related to the revaluation of certain deferred income tax liabilities , including the effect of legislation enacted in the united kingdom and the state and local income tax effect resulting from changes in the company 2019s organizational structure . during 2011 , income tax changes included adjustments related to the revaluation of certain deferred income tax liabilities due to a state tax election and enacted u.k. , japan , u.s . state and local tax legislation . the resulting decrease in income taxes has been excluded from net income attributable to blackrock , inc. , as adjusted , as these items will not have a cash flow impact and to ensure comparability among periods presented. .\nQuestion: in 2013, what percentage did the tax benefit represent in relation to nonoperating income ( expense ) on a gaap basis?\n"
},
{
"role": "agent",
"content": "0.41379"
}
] |
CONVFINQA9797
|
[
{
"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 8 fourth quarter of 2007 : 0160 schlumberger sold certain workover rigs for $ 32 million , resulting in a pretax gain of $ 24 million ( $ 17 million after-tax ) which is classified in interest and other income , net in the consolidated statement of income . 4 . acquisitions acquisition of eastern echo holding plc on december 10 , 2007 , schlumberger completed the acquisition of eastern echo holding plc ( 201ceastern echo 201d ) for $ 838 million in cash . eastern echo was a dubai-based marine seismic company that did not have any operations at the time of acquisition , but had signed contracts for the construction of six seismic vessels . the purchase price has been allocated to the net assets acquired based upon their estimated fair values as follows : ( stated in millions ) . <table class='wikitable'><tr><td>1</td><td>cash and short-term investments</td><td>$ 266</td></tr><tr><td>2</td><td>other current assets</td><td>23</td></tr><tr><td>3</td><td>fixed income investments held to maturity</td><td>54</td></tr><tr><td>4</td><td>vessels under construction</td><td>694</td></tr><tr><td>5</td><td>accounts payable and accrued liabilities</td><td>-17 ( 17 )</td></tr><tr><td>6</td><td>long-term debt</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>total purchase price</td><td>$ 838</td></tr></table> other acquisitions schlumberger has made other acquisitions and minority interest investments , none of which were significant on an individual basis , for cash payments , net of cash acquired , of $ 514 million during 2009 , $ 345 million during 2008 , and $ 281 million during 2007 . pro forma results pertaining to the above acquisitions are not presented as the impact was not significant . 5 . drilling fluids joint venture the mi-swaco drilling fluids joint venture is owned 40% ( 40 % ) by schlumberger and 60% ( 60 % ) by smith international , inc . schlumberger records income relating to this venture using the equity method of accounting . the carrying value of schlumberger 2019s investment in the joint venture on december 31 , 2009 and 2008 was $ 1.4 billion and $ 1.3 billion , respectively , and is included within investments in affiliated companies on the consolidated balance sheet . schlumberger 2019s equity income from this joint venture was $ 131 million in 2009 , $ 210 million in 2008 and $ 178 million in 2007 . schlumberger received cash distributions from the joint venture of $ 106 million in 2009 , $ 57 million in 2008 and $ 46 million in 2007 . the joint venture agreement contains a provision under which either party to the joint venture may offer to sell its entire interest in the venture to the other party at a cash purchase price per percentage interest specified in an offer notice . if the offer to sell is not accepted , the offering party will be obligated to purchase the entire interest of the other party at the same price per percentage interest as the prices specified in the offer notice. .\nQuestion: what percentage did the cash and short-term investments represent in relation to the total purchase price?\nAnswer: 0.31742\nQuestion: and what was the total debt?\nAnswer: 199.0\nQuestion: what was the total asset value?\nAnswer: 1037.0\nQuestion: how much, then, did the debt represent in relation to this value?\n"
},
{
"role": "agent",
"content": "0.1919"
}
] |
CONVFINQA9815
|
[
{
"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 the credit rating of the company and a $ 200 million term loan with an interest rate of libor plus a margin of 175 basis points , both with maturity dates in 2017 . the proceeds from these borrowings were used , along with available cash , to fund the acquisition of temple- inland . during 2012 , international paper fully repaid the $ 1.2 billion term loan . international paper utilizes interest rate swaps to change the mix of fixed and variable rate debt and manage interest expense . at december 31 , 2012 , international paper had interest rate swaps with a total notional amount of $ 150 million and maturities in 2013 ( see note 14 derivatives and hedging activities on pages 70 through 74 of item 8 . financial statements and supplementary data ) . during 2012 , existing swaps and the amortization of deferred gains on previously terminated swaps decreased the weighted average cost of debt from 6.8% ( 6.8 % ) to an effective rate of 6.6% ( 6.6 % ) . the inclusion of the offsetting interest income from short- term investments reduced this effective rate to 6.2% ( 6.2 % ) . other financing activities during 2012 included the issuance of approximately 1.9 million shares of treasury stock , net of restricted stock withholding , and 1.0 million shares of common stock for various incentive plans , including stock options exercises that generated approximately $ 108 million of cash . payment of restricted stock withholding taxes totaled $ 35 million . off-balance sheet variable interest entities information concerning off-balance sheet variable interest entities is set forth in note 12 variable interest entities and preferred securities of subsidiaries on pages 67 through 69 of item 8 . financial statements and supplementary data for discussion . liquidity and capital resources outlook for 2015 capital expenditures and long-term debt international paper expects to be able to meet projected capital expenditures , service existing debt and meet working capital and dividend requirements during 2015 through current cash balances and cash from operations . additionally , the company has existing credit facilities totaling $ 2.0 billion of which nothing has been used . the company was in compliance with all its debt covenants at december 31 , 2014 . the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) . net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges . the calculation also excludes accumulated other comprehensive income/ loss and nonrecourse financial liabilities of special purpose entities . the total debt-to-capital ratio is defined as total debt divided by the sum of total debt plus net worth . at december 31 , 2014 , international paper 2019s net worth was $ 14.0 billion , and the total-debt- to-capital ratio was 40% ( 40 % ) . the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows . funding decisions will be guided by our capital structure planning objectives . the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense . the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors . maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy . at december 31 , 2014 , the company held long-term credit ratings of bbb ( stable outlook ) and baa2 ( stable outlook ) by s&p and moody 2019s , respectively . contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2014 , were as follows: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td><td>2019</td><td>thereafter</td></tr><tr><td>2</td><td>maturities of long-term debt ( a )</td><td>$ 742</td><td>$ 543</td><td>$ 71</td><td>$ 1229</td><td>$ 605</td><td>$ 6184</td></tr><tr><td>3</td><td>debt obligations with right of offset ( b )</td><td>2014</td><td>5202</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>lease obligations</td><td>142</td><td>106</td><td>84</td><td>63</td><td>45</td><td>91</td></tr><tr><td>5</td><td>purchase obligations ( c )</td><td>3266</td><td>761</td><td>583</td><td>463</td><td>422</td><td>1690</td></tr><tr><td>6</td><td>total ( d )</td><td>$ 4150</td><td>$ 6612</td><td>$ 738</td><td>$ 1755</td><td>$ 1072</td><td>$ 7965</td></tr></table> ( a ) total debt includes scheduled principal payments only . ( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities . accordingly , in its consolidated balance sheet at december 31 , 2014 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.3 billion of debt obligations held by the entities ( see note 12 variable interest entities and preferred securities of subsidiaries on pages 67 through 69 in item 8 . financial statements and supplementary data ) . ( c ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . ( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax benefits of approximately $ 119 million . as discussed in note 12 variable interest entities and preferred securities of subsidiaries on pages 67 through 69 in item 8 . financial statements and supplementary data , in connection with the 2006 international paper installment sale of forestlands , we received $ 4.8 billion of installment notes ( or timber notes ) , which we contributed to certain non- consolidated borrower entities . the installment notes mature in august 2016 ( unless extended ) . the deferred .\nQuestion: what portion of total obligations due in 2015 is related to purchase obligations?\nAnswer: 0.78699\nQuestion: what amount of purchase obligations is due in 2016?\nAnswer: 761.0\nQuestion: what is the total amount for obligations due in 2016?\nAnswer: 6612.0\nQuestion: what proportion does this represent?\n"
},
{
"role": "agent",
"content": "0.11509"
}
] |
CONVFINQA5952
|
[
{
"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 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 29 2007</td><td>september 30 2006</td><td>september 24 2005</td></tr><tr><td>2</td><td>beginning allowance balance</td><td>$ 52</td><td>$ 46</td><td>$ 47</td></tr><tr><td>3</td><td>charged to costs and expenses</td><td>12</td><td>17</td><td>8</td></tr><tr><td>4</td><td>deductions</td><td>-17 ( 17 )</td><td>-11 ( 11 )</td><td>-9 ( 9 )</td></tr><tr><td>5</td><td>ending allowance balance</td><td>$ 47</td><td>$ 52</td><td>$ 46</td></tr></table> vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively . the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales . derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales . the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments . the company records all derivatives on the balance sheet at fair value. .\nQuestion: what was the balance in the allowance for doubtful accounts in 2006?\nAnswer: 52.0\nQuestion: what was the balance in 2005?\nAnswer: 46.0\nQuestion: what is the net difference?\nAnswer: 6.0\nQuestion: what was the 2005 balance?\n"
},
{
"role": "agent",
"content": "46.0"
}
] |
CONVFINQA3303
|
[
{
"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 . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income . 2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 293.9</td></tr><tr><td>3</td><td>retail electric price</td><td>39.0</td></tr><tr><td>4</td><td>net gas revenue</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>volume/weather</td><td>-5.1 ( 5.1 )</td></tr><tr><td>6</td><td>other</td><td>-8.1 ( 8.1 )</td></tr><tr><td>7</td><td>2016 net revenue</td><td>$ 317.2</td></tr></table> the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station . see note 14 to the financial statements for discussion of the union power station purchase . the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales . the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .\nQuestion: what was the total effect of the net gas revenue and volume/weather adjustments on the net revenue in 2016?\n"
},
{
"role": "agent",
"content": "-7.6"
}
] |
CONVFINQA3483
|
[
{
"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 higher 2017 sales volumes , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives , costs associated with various growth investments made in 2016 and changes in currency exchange rates , partially offset by incremental year-over-year costs associated with various product development and sales and marketing growth investments : 60 basis points year-over-year operating profit margin comparisons were unfavorably impacted by : 2022 the incremental year-over-year net dilutive effect of acquired businesses : 20 basis points 2016 compared to 2015 year-over-year price increases in the segment contributed 0.3% ( 0.3 % ) to sales growth during 2016 as compared to 2015 and are reflected as a component of the change in sales from existing businesses . sales from existing businesses in the segment 2019s transportation technologies businesses grew at a high-single digit rate during 2016 as compared to 2015 , due primarily to strong demand for dispenser , payment and point-of-sale systems , environmental compliance products as well as vehicle and fleet management products , partly offset by weaker year-over-year demand for compressed natural gas products . as expected , beginning in the second half of 2016 , the business began to experience reduced emv-related demand for indoor point-of-sale solutions , as customers had largely upgraded to products that support indoor emv requirements in the prior year in response to the indoor liability shift . however , demand increased on a year-over-year basis for dispensers and payment systems as customers in the united states continued to upgrade equipment driven primarily by the emv deadlines related to outdoor payment systems . geographically , sales from existing businesses continued to increase on a year-over-year basis in the united states and to a lesser extent in asia and western europe . sales from existing businesses in the segment 2019s automation & specialty components business declined at a low-single digit rate during 2016 as compared to 2015 . the businesses experienced sequential year-over-year improvement in demand during the second half of 2016 as compared to the first half of 2016 . during 2016 , year-over-year demand declined for engine retarder products due primarily to weakness in the north american heavy-truck market , partly offset by strong growth in china and europe . in addition , year-over-year demand declined in certain medical and defense related end markets which were partly offset by increased year-over-year demand for industrial automation products particularly in china . geographically , sales from existing businesses in the segment 2019s automation & specialty components businesses declined in north america , partly offset by growth in western europe and china . sales from existing businesses in the segment 2019s franchise distribution business grew at a mid-single digit rate during 2016 , as compared to 2015 , due primarily to continued net increases in franchisees as well as continued growth in demand for professional tool products and tool storage products , primarily in the united states . this growth was partly offset by year- over-year declines in wheel service equipment sales during 2016 . operating profit margins increased 70 basis points during 2016 as compared to 2015 . the following factors favorably impacted year-over-year operating profit margin comparisons : 2022 higher 2016 sales volumes , pricing improvements , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives and the incrementally favorable impact of the impairment of certain tradenames used in the segment in 2015 and 2016 , net of costs associated with various growth investments , product development and sales and marketing growth investments , higher year-over-year costs associated with restructuring actions and changes in currency exchange rates : 65 basis points 2022 the incremental net accretive effect in 2016 of acquired businesses : 5 basis points cost of sales and gross profit . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>for the year ended december 31 2017</td><td>for the year ended december 31 2016</td><td>for the year ended december 31 2015</td></tr><tr><td>2</td><td>sales</td><td>$ 6656.0</td><td>$ 6224.3</td><td>$ 6178.8</td></tr><tr><td>3</td><td>cost of sales</td><td>-3357.5 ( 3357.5 )</td><td>-3191.5 ( 3191.5 )</td><td>-3178.8 ( 3178.8 )</td></tr><tr><td>4</td><td>gross profit</td><td>3298.5</td><td>3032.8</td><td>3000.0</td></tr><tr><td>5</td><td>gross profit margin</td><td>49.6% ( 49.6 % )</td><td>48.7% ( 48.7 % )</td><td>48.6% ( 48.6 % )</td></tr></table> the year-over-year increase in cost of sales during 2017 as compared to 2016 is due primarily to the impact of higher year- over-year sales volumes and changes in currency exchange rates partly offset by incremental year-over-year cost savings .\nQuestion: what were sales in 2016?\nAnswer: 6224.3\nQuestion: what were sales in 2015?\n"
},
{
"role": "agent",
"content": "6178.8"
}
] |
CONVFINQA3436
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) 12 . share repurchases and dividends share repurchases share repurchase activity during the years ended december 31 , 2018 and 2017 follows ( in millions except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>number of shares repurchased</td><td>10.7</td><td>9.6</td></tr><tr><td>3</td><td>amount paid</td><td>$ 736.9</td><td>$ 610.7</td></tr><tr><td>4</td><td>weighted average cost per share</td><td>$ 69.06</td><td>$ 63.84</td></tr></table> as of december 31 , 2018 , there were no repurchased shares pending settlement . in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2018 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.1 billion . dividends in october 2018 , our board of directors approved a quarterly dividend of $ 0.375 per share . cash dividends declared were $ 468.4 million , $ 446.3 million and $ 423.8 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , we recorded a quarterly dividend payable of $ 121.0 million to shareholders of record at the close of business on january 2 , 2019 . 13 . earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc . by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the period . diluted earnings per share is based on the combined weighted average number of common shares and common share equivalents outstanding , which include , where appropriate , the assumed exercise of employee stock options , unvested rsus and unvested psus at the expected attainment levels . we use the treasury stock method in computing diluted earnings per share. .\nQuestion: what is the amount of cash dividend declared in 2018?\n"
},
{
"role": "agent",
"content": "468.4"
}
] |
CONVFINQA7896
|
[
{
"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 total intrinsic value of options exercised ( i.e . the difference between the market price at exercise and the price paid by the employee to exercise the options ) during fiscal 2011 , 2010 and 2009 was $ 96.5 million , $ 29.6 million and $ 4.7 million , respectively . the total amount of proceeds received by the company from exercise of these options during fiscal 2011 , 2010 and 2009 was $ 217.4 million , $ 240.4 million and $ 15.1 million , respectively . proceeds from stock option exercises pursuant to employee stock plans in the company 2019s statement of cash flows of $ 217.2 million , $ 216.1 million and $ 12.4 million for fiscal 2011 , 2010 and 2009 , respectively , are net of the value of shares surrendered by employees in certain limited circumstances to satisfy the exercise price of options , and to satisfy employee tax obligations upon vesting of restricted stock or restricted stock units and in connection with the exercise of stock options granted to the company 2019s employees under the company 2019s equity compensation plans . the withholding amount is based on the company 2019s minimum statutory withholding requirement . a summary of the company 2019s restricted stock unit award activity as of october 29 , 2011 and changes during the year then ended is presented below : restricted outstanding weighted- average grant- date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>restricted stock units outstanding</td><td>weighted- average grant- date fair value per share</td></tr><tr><td>2</td><td>restricted stock units outstanding at october 30 2010</td><td>1265</td><td>$ 28.21</td></tr><tr><td>3</td><td>units granted</td><td>898</td><td>$ 34.93</td></tr><tr><td>4</td><td>restrictions lapsed</td><td>-33 ( 33 )</td><td>$ 24.28</td></tr><tr><td>5</td><td>units forfeited</td><td>-42 ( 42 )</td><td>$ 31.39</td></tr><tr><td>6</td><td>restricted stock units outstanding at october 29 2011</td><td>2088</td><td>$ 31.10</td></tr></table> as of october 29 , 2011 , there was $ 88.6 million of total unrecognized compensation cost related to unvested share-based awards comprised of stock options and restricted stock units . that cost is expected to be recognized over a weighted-average period of 1.3 years . the total grant-date fair value of shares that vested during fiscal 2011 , 2010 and 2009 was approximately $ 49.6 million , $ 67.7 million and $ 74.4 million , respectively . common stock repurchase program the company 2019s common stock repurchase program has been in place since august 2004 . in the aggregate , the board of directors has authorized the company to repurchase $ 5 billion of the company 2019s common stock under the program . under the program , the company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions . unless terminated earlier by resolution of the company 2019s board of directors , the repurchase program will expire when the company has repurchased all shares authorized under the program . as of october 29 , 2011 , the company had repurchased a total of approximately 125.0 million shares of its common stock for approximately $ 4278.5 million under this program . an additional $ 721.5 million remains available for repurchase of shares under the current authorized program . the repurchased shares are held as authorized but unissued shares of common stock . any future common stock repurchases will be dependent upon several factors , including the amount of cash available to the company in the united states and the company 2019s financial performance , outlook and liquidity . the company also from time to time repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units , or in certain limited circumstances to satisfy the exercise price of options granted to the company 2019s employees under the company 2019s equity compensation plans . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the change in the total amount of proceeds received by the company from exercise of options from 2010 to 2011?\nAnswer: 1.3\nQuestion: and how much does this change represent in relation to that total amount in 2010?\n"
},
{
"role": "agent",
"content": "0.00602"
}
] |
CONVFINQA4385
|
[
{
"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\n31 , 2015 , the price was r$ 218/mwh . after the expiration of contract with eletropaulo , tiet ea's strategy is to contract most of its physical guarantee , as described in regulatory framework section below , and sell the remaining portion in the spot market . tiet ea's strategy is reassessed from time to time according to changes in market conditions , hydrology and other factors . tiet ea has been continuously selling its available energy from 2016 forward through medium-term bilateral contracts of three to five years . as of december 31 , 2016 , tiet ea's contracted portfolio position is 95% ( 95 % ) and 88% ( 88 % ) with average prices of r$ 157/ mwh and r$ 159/mwh ( inflation adjusted until december 2016 ) for 2016 and 2017 , respectively . as brazil is mostly a hydro-based country with energy prices highly tied to the hydrological situation , the deterioration of the hydrology since the beginning of 2014 caused an increase in energy prices going forward . tiet ea is closely monitoring and analyzing system supply conditions to support energy commercialization decisions . under the concession agreement , tiet ea has an obligation to increase its capacity by 15% ( 15 % ) . tiet ea , as well as other concession generators , have not yet met this requirement due to regulatory , environmental , hydrological and fuel constraints . the state of s e3o paulo does not have a sufficient potential for wind power and only has a small remaining potential for hydro projects . as such , the capacity increases in the state will mostly be derived from thermal gas capacity projects . due to the highly complex process to obtain an environmental license for coal projects , tiet ea decided to fulfill its obligation with gas-fired projects in line with the federal government plans . petrobras refuses to supply natural gas and to offer capacity in its pipelines and regasification terminals . therefore , there are no regulations for natural gas swaps in place , and it is unfeasible to bring natural gas to aes tiet ea . a legal case has been initiated by the state of s e3o paulo requiring the investment to be performed . tiet ea is in the process of analyzing options to meet the obligation . uruguaiana is a 640 mw gas-fired combined cycle power plant located in the town of uruguaiana in the state of rio grande do sul , commissioned in december 2000 . aes manages and has a 46% ( 46 % ) economic interest in the plant with the remaining interest held by bndes . the plant's operations were suspended in april 2009 due to the unavailability of gas . aes has evaluated several alternatives to bring gas supply on a competitive basis to uruguaiana . one of the challenges is the capacity restrictions on the argentinean pipeline , especially during the winter season when gas demand in argentina is very high . the plant operated on a short-term basis during february and march 2013 , march through may 2014 , and february through may 2015 due to the short-term supply of lng for the facility . the plant did not operate in 2016 . uruguaiana continues to work toward securing gas on a long-term basis . market structure 2014 brazil has installed capacity of 150136 mw , which is 65% ( 65 % ) hydroelectric , 19% ( 19 % ) thermal and 16% ( 16 % ) renewable ( biomass and wind ) . brazil's national grid is divided into four subsystems . tiet ea is in the southeast and uruguaiana is in the south subsystems of the national grid . regulatory framework 2014 in brazil , the ministry of mines and energy determines the maximum amount of energy that a plant can sell , called physical guarantee , which represents the long-term average expected energy production of the plant . under current rules , physical guarantee can be sold to distribution companies through long- term regulated auctions or under unregulated bilateral contracts with large consumers or energy trading companies . the national system operator ( \"ons\" ) is responsible for coordinating and controlling the operation of the national grid . the ons dispatches generators based on hydrological conditions , reservoir levels , electricity demand and the prices of fuel and thermal generation . given the importance of hydro generation in the country , the ons sometimes reduces dispatch of hydro facilities and increases dispatch of thermal facilities to protect reservoir levels in the system . in brazil , the system operator controls all hydroelectric generation dispatch and reservoir levels . a mechanism known as the energy reallocation mechanism ( \"mre\" ) was created to share hydrological risk across mre hydro generators . if the hydro plants generate less than the total mre physical guarantee , the hydro generators may need to purchase energy in the short-term market to fulfill their contract obligations . when total hydro generation is higher than the total mre physical guarantee , the surplus is proportionally shared among its participants and they are able to make extra revenue selling the excess energy on the spot market . the consequences of unfavorable hydrology are ( i ) thermal plants more expensive to the system being dispatched , ( ii ) lower hydropower generation with deficits in the mre and ( iii ) high spot prices . aneel defines the spot price cap for electricity in the brazilian market . the spot price caps as defined by aneel and average spot prices by calendar year are as follows ( r$ / . <table class='wikitable'><tr><td>1</td><td>year</td><td>2017</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>spot price cap as defined by aneel</td><td>534</td><td>423</td><td>388</td><td>822</td></tr><tr><td>3</td><td>average spot rate</td><td>-</td><td>94</td><td>287</td><td>689</td></tr></table> .\nQuestion: what was the difference in the average spot rate between 2015 and 2016?\n"
},
{
"role": "agent",
"content": "-193.0"
}
] |
CONVFINQA10707
|
[
{
"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 union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 31868 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26020 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and review revenue by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group : millions 2012 2011 2010 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>agricultural</td><td>$ 3280</td><td>$ 3324</td><td>$ 3018</td></tr><tr><td>3</td><td>automotive</td><td>1807</td><td>1510</td><td>1271</td></tr><tr><td>4</td><td>chemicals</td><td>3238</td><td>2815</td><td>2425</td></tr><tr><td>5</td><td>coal</td><td>3912</td><td>4084</td><td>3489</td></tr><tr><td>6</td><td>industrial products</td><td>3494</td><td>3166</td><td>2639</td></tr><tr><td>7</td><td>intermodal</td><td>3955</td><td>3609</td><td>3227</td></tr><tr><td>8</td><td>total freight revenues</td><td>$ 19686</td><td>$ 18508</td><td>$ 16069</td></tr><tr><td>9</td><td>other revenues</td><td>1240</td><td>1049</td><td>896</td></tr><tr><td>10</td><td>total operatingrevenues</td><td>$ 20926</td><td>$ 19557</td><td>$ 16965</td></tr></table> although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are revenues from our mexico business which amounted to $ 1.9 billion in 2012 , $ 1.8 billion in 2011 , and $ 1.6 billion in 2010 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .\nQuestion: what was the value of freight revenue from the agricultural group in 2012?\nAnswer: 3280.0\nQuestion: what was the value in 2011?\nAnswer: 3324.0\nQuestion: what is the ratio of 2012 to 2011?\n"
},
{
"role": "agent",
"content": "0.98676"
}
] |
CONVFINQA5048
|
[
{
"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\ns c h e d u l e i v ( continued ) ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2008 , 2007 , and 2006 ( in millions of u.s . dollars ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to . <table class='wikitable'><tr><td>1</td><td>for the years ended december 31 2008 2007 and 2006 ( in millions of u.s . dollars )</td><td>direct amount</td><td>ceded to other companies</td><td>assumed from other companies</td><td>net amount</td><td>percentage of amount assumed to net</td></tr><tr><td>2</td><td>2008</td><td>$ 16087</td><td>$ 6144</td><td>$ 3260</td><td>$ 13203</td><td>25% ( 25 % )</td></tr><tr><td>3</td><td>2007</td><td>$ 14673</td><td>$ 5834</td><td>$ 3458</td><td>$ 12297</td><td>28% ( 28 % )</td></tr><tr><td>4</td><td>2006</td><td>$ 13562</td><td>$ 5198</td><td>$ 3461</td><td>$ 11825</td><td>29% ( 29 % )</td></tr></table> .\nQuestion: in the year of 2008, how much did the direct amount represent in relation to the amount ceded to other companies?\nAnswer: 2.61833\nQuestion: and what was this amount ceded in 2007?\n"
},
{
"role": "agent",
"content": "5834.0"
}
] |
CONVFINQA3694
|
[
{
"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 profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .\nQuestion: what is the operating expense in 2009?\nAnswer: 7274.0\nQuestion: what about the net sales in 2010\nAnswer: 8654.0\nQuestion: and the operating profit in 2010?\nAnswer: 972.0\nQuestion: what is the operating expense in 2010?\nAnswer: 7682.0\nQuestion: what is the net change in operating expense?\n"
},
{
"role": "agent",
"content": "-408.0"
}
] |
CONVFINQA10392
|
[
{
"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\navailable information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector during the fourth quarter of 2014 . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2014</td><td>$ 62.2</td></tr><tr><td>4</td><td>2013</td><td>195.0</td></tr><tr><td>5</td><td>2012</td><td>410.0</td></tr><tr><td>6</td><td>2011</td><td>1300.4</td></tr><tr><td>7</td><td>2010</td><td>571.1</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .\nQuestion: what are the total pre-tax catastrophe losses in 2014?\nAnswer: 62.2\nQuestion: what about 2013?\nAnswer: 195.0\nQuestion: what is the total for these two years?\nAnswer: 257.2\nQuestion: what about the total if the pre-tax catastrophe losses of 2012 are included?\n"
},
{
"role": "agent",
"content": "667.2"
}
] |
CONVFINQA2733
|
[
{
"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 hartford financial services group , inc . notes to consolidated financial statements ( continued ) 10 . sales inducements accounting policy the company currently offers enhanced crediting rates or bonus payments to contract holders on certain of its individual and group annuity products . the expense associated with offering a bonus is deferred and amortized over the life of the related contract in a pattern consistent with the amortization of deferred policy acquisition costs . amortization expense associated with expenses previously deferred is recorded over the remaining life of the contract . consistent with the unlock , the company unlocked the amortization of the sales inducement asset . see note 7 for more information concerning the unlock . changes in deferred sales inducement activity were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 459</td><td>$ 438</td><td>$ 553</td></tr><tr><td>3</td><td>sales inducements deferred</td><td>20</td><td>31</td><td>59</td></tr><tr><td>4</td><td>amortization charged to income</td><td>-17 ( 17 )</td><td>-8 ( 8 )</td><td>-105 ( 105 )</td></tr><tr><td>5</td><td>amortization 2014 unlock</td><td>-28 ( 28 )</td><td>-2 ( 2 )</td><td>-69 ( 69 )</td></tr><tr><td>6</td><td>balance end of year</td><td>$ 434</td><td>$ 459</td><td>$ 438</td></tr></table> 11 . reserves for future policy benefits and unpaid losses and loss adjustment expenses life insurance products accounting policy liabilities for future policy benefits are calculated by the net level premium method using interest , withdrawal and mortality assumptions appropriate at the time the policies were issued . the methods used in determining the liability for unpaid losses and future policy benefits are standard actuarial methods recognized by the american academy of actuaries . for the tabular reserves , discount rates are based on the company 2019s earned investment yield and the morbidity/mortality tables used are standard industry tables modified to reflect the company 2019s actual experience when appropriate . in particular , for the company 2019s group disability known claim reserves , the morbidity table for the early durations of claim is based exclusively on the company 2019s experience , incorporating factors such as gender , elimination period and diagnosis . these reserves are computed such that they are expected to meet the company 2019s future policy obligations . future policy benefits are computed at amounts that , with additions from estimated premiums to be received and with interest on such reserves compounded annually at certain assumed rates , are expected to be sufficient to meet the company 2019s policy obligations at their maturities or in the event of an insured 2019s death . changes in or deviations from the assumptions used for mortality , morbidity , expected future premiums and interest can significantly affect the company 2019s reserve levels and related future operations and , as such , provisions for adverse deviation are built into the long-tailed liability assumptions . liabilities for the company 2019s group life and disability contracts , as well as its individual term life insurance policies , include amounts for unpaid losses and future policy benefits . liabilities for unpaid losses include estimates of amounts to fully settle known reported claims , as well as claims related to insured events that the company estimates have been incurred but have not yet been reported . these reserve estimates are based on known facts and interpretations of circumstances , and consideration of various internal factors including the hartford 2019s experience with similar cases , historical trends involving claim payment patterns , loss payments , pending levels of unpaid claims , loss control programs and product mix . in addition , the reserve estimates are influenced by consideration of various external factors including court decisions , economic conditions and public attitudes . the effects of inflation are implicitly considered in the reserving process. .\nQuestion: what was the combined value of sales inducements deferred in 2010 and 2011?\nAnswer: 51.0\nQuestion: and including 2009?\n"
},
{
"role": "agent",
"content": "110.0"
}
] |
CONVFINQA4690
|
[
{
"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\n9 . lease commitments the company leases certain land , facilities , equipment and software under various operating leases that expire at various dates through 2057 . the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs . total rental expense under operating leases was approximatelya $ 92.3 million in fiscal 2019 , $ 84.9 million in fiscal 2018 and $ 58.8 million in fiscal 2017 . the following is a schedule of futureff minimum rental payments required under long-term operating leases at november 2 , 2019 : operating fiscal years leases . <table class='wikitable'><tr><td>1</td><td>fiscal years</td><td>operating leases</td></tr><tr><td>2</td><td>2020</td><td>$ 79789</td></tr><tr><td>3</td><td>2021</td><td>67993</td></tr><tr><td>4</td><td>2022</td><td>40338</td></tr><tr><td>5</td><td>2023</td><td>37673</td></tr><tr><td>6</td><td>2024</td><td>32757</td></tr><tr><td>7</td><td>later years</td><td>190171</td></tr><tr><td>8</td><td>total</td><td>$ 448721</td></tr></table> 10 . commitments and contingencies from time to time , in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , among other things , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage , employment or employment benefits . as to such claims and litigation , the company can give no assurance that it will prevail . the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows . 11 . retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees . defined contribution plans the company maintains a defined contribution plan for the benefit of its eligible u.s . employees . this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation . in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation . the total expense related to the defined contribution plans for u.s . employees was $ 47.7 million in fiscal 2019 , $ 41.4 million in fiscal 2018 and $ 35.8 million in fiscal 2017 . non-qualified deferred compensation plan the deferred compensation plan ( dcp ) allows certain members of management and other highly-compensated employees and non-employee directors to defer receipt of all or any portion of their compensation . the dcp was established to provide participants with the opportunity to defer receiving all or a portion of their compensation , which includes salary , bonus , commissions and director fees . under the dcp , the company provides all participants ( other than non-employee directors ) with company contributions equal to 8% ( 8 % ) of eligible deferred contributions . the dcp is a non-qualified plan that is maintained in a rabbi trust . the fair value of the investments held in the rabbi trust are presented separately as deferred compensation plan investments , with the current portion of the investment included in prepaid expenses and other current assets in the consolidated balance sheets . see note 2j , fair value , for further information on these investments . the deferred compensation obligation represents dcp participant accumulated deferrals and earnings thereon since the inception of the dcp net of withdrawals . the deferred compensation obligation is presented separately as deferred compensation plan liability , with the current portion of the obligation in accrued liabilities in the consolidated balance sheets . the company 2019s liability under the dcp is an unsecured general obligation of the company . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: from 2018 to 2019, what was the change in the total rental expense under operating leases?\nAnswer: 7.4\nQuestion: and what was that rental expense in 2018?\nAnswer: 84.9\nQuestion: what percentage, then, did that change represent in relation to this 2018 amount?\nAnswer: 0.08716\nQuestion: and over the subsequent year of that period, what was that change in the rental expense?\nAnswer: -12.511\nQuestion: and what is this change as a percentage of the 2019 rental expense?\n"
},
{
"role": "agent",
"content": "-0.13555"
}
] |
CONVFINQA4619
|
[
{
"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 10 . commitments and contingencies credit-related commitments and contingencies : credit-related financial instruments , which are off-balance sheet , include indemnified securities financing , unfunded commitments to extend credit or purchase assets , and standby letters of credit . the potential loss associated with indemnified securities financing , unfunded commitments and standby letters of credit is equal to the total gross contractual amount , which does not consider the value of any collateral . the following table summarizes the total gross contractual amounts of credit-related off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to independent third parties. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>indemnified securities financing</td><td>$ 365251</td><td>$ 324590</td></tr><tr><td>3</td><td>asset purchase agreements ( 1 )</td><td>8211</td><td>31780</td></tr><tr><td>4</td><td>unfunded commitments to extend credit</td><td>18078</td><td>20981</td></tr><tr><td>5</td><td>standby letters of credit</td><td>4784</td><td>6061</td></tr></table> ( 1 ) amount for 2009 excludes agreements related to the commercial paper conduits , which were consolidated in may 2009 ; see note 11 . approximately 81% ( 81 % ) of the unfunded commitments to extend credit expire within one year from the date of issue . since many of these commitments are expected to expire or renew without being drawn upon , the total commitment amount does not necessarily represent future cash requirements . securities finance : on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . we generally indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . in this regard , we held , as agent , cash and u.s . government securities with an aggregate fair value of $ 375.92 billion and $ 333.07 billion as collateral for indemnified securities on loan at december 31 , 2009 and 2008 , respectively , presented in the table above . the collateral held by us is invested on behalf of our customers in accordance with their guidelines . in certain cases , the collateral is invested in third-party repurchase agreements , for which we indemnify the customer against loss of the principal invested . we require the repurchase agreement counterparty to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . the indemnified repurchase agreements and the related collateral are not recorded in our consolidated statement of condition . of the collateral of $ 375.92 billion at december 31 , 2009 and $ 333.07 billion at december 31 , 2008 referenced above , $ 77.73 billion at december 31 , 2009 and $ 68.37 billion at december 31 , 2008 was invested in indemnified repurchase agreements . we held , as agent , cash and securities with an aggregate fair value of $ 82.62 billion and $ 71.87 billion as collateral for indemnified investments in repurchase agreements at december 31 , 2009 and december 31 , 2008 , respectively . legal proceedings : in the ordinary course of business , we and our subsidiaries are involved in disputes , litigation and regulatory inquiries and investigations , both pending and threatened . these matters , if resolved adversely against us , may result in monetary damages , fines and penalties or require changes in our business practices . the resolution of these proceedings is inherently difficult to predict . however , we do not believe that the amount of any judgment , settlement or other action arising from any pending proceeding will have a material adverse effect on our consolidated financial condition , although the outcome of certain of the matters described below may have a material adverse effect on our consolidated results of operations for the period in which such matter is resolved .\nQuestion: what was the change in value of standby letters of credit from 2008 to 2009?\nAnswer: -1277.0\nQuestion: what was the 2008 value of standby letters of credit?\nAnswer: 6061.0\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "-0.21069"
}
] |
CONVFINQA10093
|
[
{
"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 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 29 2007</td><td>september 30 2006</td><td>september 24 2005</td></tr><tr><td>2</td><td>beginning allowance balance</td><td>$ 52</td><td>$ 46</td><td>$ 47</td></tr><tr><td>3</td><td>charged to costs and expenses</td><td>12</td><td>17</td><td>8</td></tr><tr><td>4</td><td>deductions</td><td>-17 ( 17 )</td><td>-11 ( 11 )</td><td>-9 ( 9 )</td></tr><tr><td>5</td><td>ending allowance balance</td><td>$ 47</td><td>$ 52</td><td>$ 46</td></tr></table> vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively . the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales . derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales . the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments . the company records all derivatives on the balance sheet at fair value. .\nQuestion: what was the change in the allowance for doubtful accounts from 2006 to 2007?\nAnswer: -5.0\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "-0.09615"
}
] |
CONVFINQA10739
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npotentially responsible parties , and existing technology , laws , and regulations . the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site- specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs . current obligations are not expected to have a material adverse effect on our consolidated results of operations , financial condition , or liquidity . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us with measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . annual expenses for personal injury-related events were $ 240 million in 2006 , $ 247 million in 2005 , and $ 288 million in 2004 . as of december 31 , 2006 and 2005 , we had accrued liabilities of $ 631 million and $ 619 million for future personal injury costs , respectively , of which $ 233 million and $ 274 million was recorded in current liabilities as accrued casualty costs , respectively . our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims . estimates can vary over time due to evolving trends in litigation . our personal injury claims activity was as follows : claims activity 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>claims activity</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>open claims beginning balance</td><td>4197</td><td>4028</td><td>4085</td></tr><tr><td>3</td><td>new claims</td><td>4190</td><td>4584</td><td>4366</td></tr><tr><td>4</td><td>settled or dismissed claims</td><td>-4261 ( 4261 )</td><td>-4415 ( 4415 )</td><td>-4423 ( 4423 )</td></tr><tr><td>5</td><td>open claims ending balance at december 31</td><td>4126</td><td>4197</td><td>4028</td></tr></table> depreciation 2013 the railroad industry is capital intensive . properties are carried at cost . provisions for depreciation are computed principally on the straight-line method based on estimated service lives of depreciable property . the lives are calculated using a separate composite annual percentage rate for each depreciable property group , based on the results of internal depreciation studies . we are required to submit a report on depreciation studies and proposed depreciation rates to the stb for review and approval every three years for equipment property and every six years for road property . the cost ( net of salvage ) of depreciable railroad property retired or replaced in the ordinary course of business is charged to accumulated depreciation , and no gain or loss is recognized . a gain or loss is recognized in other income for all other property upon disposition because the gain or loss is not part of rail operations . the cost of internally developed software is capitalized and amortized over a five-year period . significant capital spending in recent years increased the total value of our depreciable assets . cash capital spending totaled $ 2.2 billion for the year ended december 31 , 2006 . for the year ended december 31 , 2006 , depreciation expense was $ 1.2 billion . we use various methods to estimate useful lives for each group of depreciable property . due to the capital intensive nature of the business and the large base of depreciable assets , variances to those estimates could have a material effect on our consolidated financial statements . if the estimated useful lives of all depreciable assets were increased by one year , annual depreciation expense would decrease by approximately $ 43 million . if the estimated useful lives of all assets to be depreciated were decreased by one year , annual depreciation expense would increase by approximately $ 45 million . income taxes 2013 as required under fasb statement no . 109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the future tax consequences of events that have been recognized in our financial statements or tax returns . these .\nQuestion: what was the difference in the beginning balance of open claims between 2005 and 2006?\n"
},
{
"role": "agent",
"content": "169.0"
}
] |
CONVFINQA4672
|
[
{
"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\nreasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : . <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 shares outstanding for basic net earnings per share</td><td>227.3</td><td>235.5</td><td>243.0</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>1.0</td><td>2.0</td><td>2.4</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>228.3</td><td>237.5</td><td>245.4</td></tr></table> weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .\nQuestion: what was the percentage change of average shares outstanding when taking dilution into consideration in 2008?\nAnswer: 1.0044\nQuestion: what was the change in weighted average shares outstanding for diluted net earnings per share between 2007 and 2008?\n"
},
{
"role": "agent",
"content": "-9.2"
}
] |
CONVFINQA9183
|
[
{
"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\nnews corporation notes to the consolidated financial statements as of june 30 , 2016 , the company had income tax net operating loss carryforwards ( nols ) ( gross , net of uncertain tax benefits ) , in various jurisdictions as follows : jurisdiction expiration amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>jurisdiction</td><td>expiration</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>u.s . federal</td><td>2021 to 2036</td><td>$ 858</td></tr><tr><td>3</td><td>u.s . states</td><td>various</td><td>581</td></tr><tr><td>4</td><td>australia</td><td>indefinite</td><td>452</td></tr><tr><td>5</td><td>u.k .</td><td>indefinite</td><td>134</td></tr><tr><td>6</td><td>other foreign</td><td>various</td><td>346</td></tr></table> utilization of the nols is dependent on generating sufficient taxable income from our operations in each of the respective jurisdictions to which the nols relate , while taking into account limitations and/or restrictions on our ability to use them . certain of our u.s . federal nols were acquired as part of the acquisitions of move and harlequin and are subject to limitations as promulgated under section 382 of the code . section 382 of the code limits the amount of acquired nols that we can use on an annual basis to offset future u.s . consolidated taxable income . the nols are also subject to review by relevant tax authorities in the jurisdictions to which they relate . the company recorded a deferred tax asset of $ 580 million and $ 540 million ( net of approximately $ 53 million and $ 95 million , respectively , of unrecognized tax benefits ) associated with its nols as of june 30 , 2016 and 2015 , respectively . significant judgment is applied in assessing our ability to realize our nols and other tax assets . management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize existing deferred tax assets within the applicable expiration period . on the basis of this evaluation , valuation allowances of $ 97 million and $ 304 million have been established to reduce the deferred tax asset associated with the company 2019s nols to an amount that will more likely than not be realized as of june 30 , 2016 and 2015 , respectively . the amount of the nol deferred tax asset considered realizable , however , could be adjusted if estimates of future taxable income during the carryforward period are reduced or if objective negative evidence in the form of cumulative losses occurs . as of june 30 , 2016 , the company had approximately $ 1.6 billion and $ 1.7 billion of capital loss carryforwards in australia and the u.k. , respectively , which may be carried forward indefinitely and which are subject to tax authority review . realization of our capital losses is dependent on generating capital gain taxable income and satisfying certain continuity of business requirements . the company recorded a deferred tax asset of $ 803 million and $ 892 million as of june 30 , 2016 and 2015 , respectively for these capital loss carryforwards , however , it is more likely than not that the company will not generate capital gain income in the normal course of business in these jurisdictions . accordingly , valuation allowances of $ 803 million and $ 892 million have been established to reduce the capital loss carryforward deferred tax asset to an amount that will more likely than not be realized as of june 30 , 2016 and 2015 , respectively . as of june 30 , 2016 , the company had approximately $ 26 million of u.s . federal tax credit carryforward which includes $ 22 million of foreign tax credits and $ 4 million of research & development credits which begin to expire in 2025 and 2036 , respectively . as of june 30 , 2016 , the company had approximately $ 5 million of non-u.s . tax credit carryforwards which expire in various amounts beginning in 2025 and $ 8 million of state tax credit carryforwards ( net of u.s . federal benefit ) , of which the balance can be carried forward indefinitely . in accordance with the company 2019s accounting policy , a valuation allowance of $ 5 million has been established to reduce the deferred tax asset associated with the company 2019s non-u.s . and state credit carryforwards to an amount that will more likely than not be realized as of june 30 , 2016. .\nQuestion: what is the change in deferred tax asset associated with its nols from 2015 to 2016?\nAnswer: 40.0\nQuestion: what is the deferred tax asset associated with its nols in 2016?\n"
},
{
"role": "agent",
"content": "540.0"
}
] |
CONVFINQA330
|
[
{
"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?\nAnswer: 19.0\nQuestion: and in 2012?\nAnswer: 17.0\nQuestion: so what was the difference in this value between the two years?\n"
},
{
"role": "agent",
"content": "2.0"
}
] |
CONVFINQA10228
|
[
{
"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>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average fair value of options granted</td><td>$ 18.47</td><td>$ 33.81</td><td>$ 20.01</td></tr><tr><td>3</td><td>expected volatility</td><td>0.3845</td><td>0.3677</td><td>0.3534</td></tr><tr><td>4</td><td>dividend yield</td><td>3.75% ( 3.75 % )</td><td>0.76% ( 0.76 % )</td><td>1.00% ( 1.00 % )</td></tr><tr><td>5</td><td>expected life of options in years</td><td>6.0</td><td>6.0</td><td>6.3</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>2% ( 2 % )</td><td>4% ( 4 % )</td><td>5% ( 5 % )</td></tr></table> the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable . in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility . because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options . the fair value of the rsus was determined based on the market value at the date of grant . the total fair value of awards vested during 2008 , 2007 , and 2006 was $ 35384 , $ 17840 , and $ 9413 , respectively . the total stock based compensation expense calculated using the black-scholes option valuation model in 2008 , 2007 , and 2006 was $ 38872 , $ 22164 , and $ 11913 , respectively.the aggregate intrinsic values of options outstanding and exercisable at december 27 , 2008 were $ 8.2 million and $ 8.2 million , respectively . the aggregate intrinsic value of options exercised during the year ended december 27 , 2008 was $ 0.6 million . aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 19.39 on december 27 , 2008 , and the exercise price multiplied by the number of options exercised . as of december 27 , 2008 , there was $ 141.7 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the stock compensation plans . that cost is expected to be recognized over a period of five years . employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) . up to 2000000 shares of common stock have been reserved for the espp . shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date . the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code . during 2008 , 2007 , and 2006 , 362902 , 120230 , and 124693 shares , respectively were purchased under the plan for a total purchase price of $ 8782 , $ 5730 , and $ 3569 , respectively . at december 27 , 2008 , approximately 663679 shares were available for future issuance . 10 . earnings per share the following table sets forth the computation of basic and diluted net income per share: .\nQuestion: what was the dividend yield in 2008?\nAnswer: 0.0375\nQuestion: and what would be the result of that yield as a percentage of 1 plus the number 1?\nAnswer: 1.0375\nQuestion: considering this value as cumulative for each year, what is going to be the total impact of that yield in the fair value of options when the expected life ends?\n"
},
{
"role": "agent",
"content": "1.24718"
}
] |
CONVFINQA8536
|
[
{
"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\ncontributions and future benefit payments we expect to make contributions of $ 28.1 million to our defined benefit , other postretirement , and postemployment benefits plans in fiscal 2009 . actual 2009 contributions could exceed our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities and future changes in government requirements . estimated benefit payments , which reflect expected future service , as appropriate , are expected to be paid from fiscal 2009-2018 as follows : in millions defined benefit pension postretirement benefit plans gross payments medicare subsidy receipts postemployment benefit ......................................................................................................................................................................................... . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>defined benefit pension plans</td><td>other postretirement benefit plans gross payments</td><td>medicare subsidy receipts</td><td>postemployment benefit plans</td></tr><tr><td>2</td><td>2009</td><td>$ 176.3</td><td>$ 56.0</td><td>$ -6.1 ( 6.1 )</td><td>$ 16.6</td></tr><tr><td>3</td><td>2010</td><td>182.5</td><td>59.9</td><td>-6.7 ( 6.7 )</td><td>17.5</td></tr><tr><td>4</td><td>2011</td><td>189.8</td><td>63.3</td><td>-7.3 ( 7.3 )</td><td>18.1</td></tr><tr><td>5</td><td>2012</td><td>197.5</td><td>67.0</td><td>-8.0 ( 8.0 )</td><td>18.8</td></tr><tr><td>6</td><td>2013</td><td>206.6</td><td>71.7</td><td>-8.7 ( 8.7 )</td><td>19.4</td></tr><tr><td>7</td><td>2014 2013 2018</td><td>1187.3</td><td>406.8</td><td>-55.3 ( 55.3 )</td><td>106.3</td></tr></table> defined contribution plans the general mills savings plan is a defined contribution plan that covers salaried and nonunion employees . it had net assets of $ 2309.9 million as of may 25 , 2008 and $ 2303.0 million as of may 27 , 2007.this plan is a 401 ( k ) savings plan that includes a number of investment funds and an employee stock ownership plan ( esop ) . we sponsor another savings plan for certain hourly employees with net assets of $ 16.0 million as of may 25 , 2008 . our total recognized expense related to defined contribution plans was $ 61.9 million in fiscal 2008 , $ 48.3 million in fiscal 2007 , and $ 45.5 million in fiscal 2006 . the esop originally purchased our common stock principally with funds borrowed from third parties and guaranteed by us.the esop shares are included in net shares outstanding for the purposes of calculating eps . the esop 2019s third-party debt was repaid on june 30 , 2007 . the esop 2019s only assets are our common stock and temporary cash balances.the esop 2019s share of the total defined contribution expense was $ 52.3 million in fiscal 2008 , $ 40.1 million in fiscal 2007 , and $ 37.6 million in fiscal 2006 . the esop 2019s expensewas calculated by the 201cshares allocated 201dmethod . the esop used our common stock to convey benefits to employees and , through increased stock ownership , to further align employee interests with those of stockholders.wematched a percentage of employee contributions to the general mills savings plan with a base match plus a variable year end match that depended on annual results . employees received our match in the form of common stock . our cash contribution to the esop was calculated so as to pay off enough debt to release sufficient shares to make our match . the esop used our cash contributions to the plan , plus the dividends received on the esop 2019s leveraged shares , to make principal and interest payments on the esop 2019s debt . as loan payments were made , shares became unencumbered by debt and were committed to be allocated . the esop allocated shares to individual employee accounts on the basis of the match of employee payroll savings ( contributions ) , plus reinvested dividends received on previously allocated shares . the esop incurred net interest of less than $ 1.0 million in each of fiscal 2007 and 2006 . the esop used dividends of $ 2.5 million in fiscal 2007 and $ 3.9 million in 2006 , along with our contributions of less than $ 1.0 million in each of fiscal 2007 and 2006 to make interest and principal payments . the number of shares of our common stock allocated to participants in the esop was 5.2 million as of may 25 , 2008 , and 5.4 million as of may 27 , 2007 . annual report 2008 81 .\nQuestion: what was the total of net assets in 2008?\nAnswer: 2309.9\nQuestion: and what was it in 2007?\nAnswer: 2303.0\nQuestion: what was, then, the change over the year?\nAnswer: 6.9\nQuestion: and for the two years prior to 2008, what was the total recognized expense related to defined contribution plans?\nAnswer: 110.2\nQuestion: including 2008, what then becomes that total?\n"
},
{
"role": "agent",
"content": "155.7"
}
] |
CONVFINQA7431
|
[
{
"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\nperformance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in \"general and administrative expenses\" . effective january 1 , 2017 , the company adopted asu 2016-09 , improvements to employee share- based payment accounting , which allows employers to make a policy election to account for forfeitures as they occur . the company elected this option using the modified retrospective transition method , with a cumulative effect adjustment to retained earnings , and there was no material effect on the consolidated financial position or results of operations taken as a whole resulting from the reversal of previously estimated forfeitures . total compensation expense under the stock plan was approximately $ 10.8 million , $ 12.2 million and $ 6.9 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . of these amounts , total compensation expense capitalized was approximately $ 0.2 million , $ 0.7 million and $ 0.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , the total unrecognized compensation expense was approximately $ 14.1 million . this cost is expected to be recognized over the remaining weighted average period of 1.2 years . total cash paid for the settlement of plan shares totaled $ 4.8 million , $ 2.0 million and $ 1.0 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . information concerning grants under the stock plan is listed below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2017 , 2016 and 2015 , was $ 84.53 , $ 73.20 and $ 68.35 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2017 , 2016 and 2015: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>risk free rate</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td><td>0.10% ( 0.10 % ) - 1.05% ( 1.05 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td><td>3.932% ( 3.932 % )</td></tr><tr><td>4</td><td>volatility</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td><td>15.41% ( 15.41 % ) - 16.04% ( 16.04 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2017 , 2016 and 2015 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2017 , 2016 and 2015 . the dividend yield was based on the closing stock price of maa stock on the date of grant . volatility for maa was obtained by using a blend of both historical and implied volatility calculations . historical volatility was based on the standard deviation of daily total continuous returns , and implied volatility was based on the trailing month average of daily implied volatilities interpolating between the volatilities implied by stock call option contracts that were closest to the terms shown and closest to the money . the minimum volatility was based on a period of 3 years , 2 years and 1 year for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the maximum volatility was based on a period of 1 year , 1 year and 2 years for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the requisite service period is based on the criteria for the separate programs according to the vesting schedule. .\nQuestion: what is the quotient of total compensation expense of 2016 to 2015?\n"
},
{
"role": "agent",
"content": "1.76812"
}
] |
CONVFINQA1028
|
[
{
"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 1 . basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s . generally accepted accounting principles ( \"u.s . gaap\" ) . the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( \"aon\" or the \"company\" ) . all intercompany accounts and transactions have been eliminated . the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented . reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation . in prior periods , long-term investments were included in investments in the consolidated statement of financial position . these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements . long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 . in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position . these amounts are now separately disclosed in the consolidated statement of financial position . prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 . upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee . the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows . the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities . the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase . it also aligns the company 2019s presentation to be consistent with industry practice . amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 . these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively . changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities . the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>purchases of shares from noncontrolling interests</td><td>3</td><td>-8 ( 8 )</td></tr><tr><td>3</td><td>dividends paid to noncontrolling interests</td><td>-24 ( 24 )</td><td>-19 ( 19 )</td></tr><tr><td>4</td><td>proceeds from sale-leaseback</td><td>25</td><td>2014</td></tr></table> use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s . gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses . these estimates and assumptions are based on management's best estimates and judgments . management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment . management believes its estimates to be reasonable given the current facts available . aon adjusts such estimates and assumptions when facts and circumstances dictate . illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions . as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates . changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. .\nQuestion: what is the sum of the amount reported to issuance of shares for employee benefit plans in 2014 and 2015?\nAnswer: 397.0\nQuestion: what was the value in 2013?\n"
},
{
"role": "agent",
"content": "120.0"
}
] |
CONVFINQA152
|
[
{
"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 to earlier levels . the pre-tax non-cash impairments of certain mineral rights and real estate discussed above under the caption fffdland and development impairments fffd are not included in segment income . liquidity and capital resources on january 29 , 2018 , we announced that a definitive agreement had been signed for us to acquire all of the outstanding shares of kapstone for $ 35.00 per share and the assumption of approximately $ 1.36 billion in net debt , for a total enterprise value of approximately $ 4.9 billion . in contemplation of the transaction , on march 6 , 2018 , we issued $ 600.0 million aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2025 and $ 600.0 million aggregate principal amount of 4.0% ( 4.0 % ) senior notes due 2028 in an unregistered offering pursuant to rule 144a and regulation s under the securities act of 1933 , as amended ( the fffdsecurities act fffd ) . in addition , on march 7 , 2018 , we entered into the delayed draw credit facilities ( as hereinafter defined ) that provide for $ 3.8 billion of senior unsecured term loans . on november 2 , 2018 , in connection with the closing of the kapstone acquisition , we drew upon the facility in full . the proceeds of the delayed draw credit facilities ( as hereinafter defined ) and other sources of cash were used to pay the consideration for the kapstone acquisition , to repay certain existing indebtedness of kapstone and to pay fees and expenses incurred in connection with the kapstone acquisition . we fund our working capital requirements , capital expenditures , mergers , acquisitions and investments , restructuring activities , dividends and stock repurchases from net cash provided by operating activities , borrowings under our credit facilities , proceeds from our new a/r sales agreement ( as hereinafter defined ) , proceeds from the sale of property , plant and equipment removed from service and proceeds received in connection with the issuance of debt and equity securities . see fffdnote 13 . debt fffdtt of the notes to consolidated financial statements for additional information . funding for our domestic operations in the foreseeable future is expected to come from sources of liquidity within our domestic operations , including cash and cash equivalents , and available borrowings under our credit facilities . as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations . at september 30 , 2018 , excluding the delayed draw credit facilities , we had approximately $ 3.2 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 . this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases . certain restrictive covenants govern our maximum availability under the credit facilities . we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2018 . at september 30 , 2018 , we had $ 104.9 million of outstanding letters of credit not drawn cash and cash equivalents were $ 636.8 million at september 30 , 2018 and $ 298.1 million at september 30 , 2017 . we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition . approximately 20% ( 20 % ) of the cash and cash equivalents at september 30 , 2018 were held outside of the u.s . at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current . at september 30 , 2017 , total debt was $ 6554.8 million , $ 608.7 million of which was current . cash flow activityy . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>year ended september 30 , 2018</td><td>year ended september 30 , 2017</td><td>year ended september 30 , 2016</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 2420.9</td><td>$ 1900.5</td><td>$ 1688.4</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>$ -1298.9 ( 1298.9 )</td><td>$ -1285.8 ( 1285.8 )</td><td>$ -1351.4 ( 1351.4 )</td></tr><tr><td>4</td><td>net cash used for financing activities</td><td>$ -755.1 ( 755.1 )</td><td>$ -655.4 ( 655.4 )</td><td>$ -231.0 ( 231.0 )</td></tr></table> net cash provided by operating activities during fiscal 2018 increased $ 520.4 million from fiscal 2017 primarily due to higher cash earnings and lower cash taxes due to the impact of the tax act . net cash provided by operating activities during fiscal 2017 increased $ 212.1 million from fiscal 2016 primarily due to a $ 111.6 million net increase in cash flow from working capital changes plus higher after-tax cash proceeds from our land and development segment fffds accelerated monetization . the changes in working capital in fiscal 2018 , 2017 and 2016 included a .\nQuestion: in the year of 2018, what was the total net cash used?\n"
},
{
"role": "agent",
"content": "2054.0"
}
] |
CONVFINQA5775
|
[
{
"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\nappropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.5 billion for 2015 , $ 2.4 billion for 2014 , and $ 2.3 billion for 2013 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 13 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2015 2014 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2015</td><td>dec . 31 2014</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 743</td><td>$ 877</td></tr><tr><td>3</td><td>income and other taxes payable</td><td>434</td><td>412</td></tr><tr><td>4</td><td>accrued wages and vacation</td><td>391</td><td>409</td></tr><tr><td>5</td><td>interest payable</td><td>208</td><td>178</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>181</td><td>249</td></tr><tr><td>7</td><td>equipment rents payable</td><td>105</td><td>100</td></tr><tr><td>8</td><td>dividends payable [a]</td><td>-</td><td>438</td></tr><tr><td>9</td><td>other</td><td>550</td><td>640</td></tr><tr><td>10</td><td>total accounts payable and other current liabilities</td><td>$ 2612</td><td>$ 3303</td></tr></table> [a] beginning in 2015 , the timing of the dividend declaration and payable dates was aligned to occur within the same quarter . the 2015 dividends paid amount includes the fourth quarter 2014 dividend of $ 438 million , which was paid on january 2 , 2015 , the first quarter 2015 dividend of $ 484 million , which was paid on march 30 , 2015 , the second quarter 2015 dividend of $ 479 million , which was paid on june 30 , 2015 , the third quarter 2015 dividend of $ 476 million , which was paid on september 30 , 2015 , as well as the fourth quarter 2015 dividend of $ 467 million , which was paid on december 30 , 2015 . 14 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2015 , and 2014 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities . interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period . we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings . we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix . in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities . swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates . we account for swaps as fair value hedges using the short-cut method ; therefore , we do not record any ineffectiveness within our .\nQuestion: what was the value of equipment rents payable in 2015?\nAnswer: 105.0\nQuestion: what was the 2014 value?\nAnswer: 100.0\nQuestion: what is the net difference?\n"
},
{
"role": "agent",
"content": "5.0"
}
] |
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