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CONVFINQA7995
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 difference in the number of shares purchased by employees between 2008 and 2009?\nAnswer: 10.5\nQuestion: what was the number of shares purchased by employees in 2008?\nAnswer: 18.9\nQuestion: what was the percent change?\n"
},
{
"role": "agent",
"content": "0.55556"
}
] |
CONVFINQA1667
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nat december 31 . the following table summarizes our restricted cash and marketable securities as of december . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>financing proceeds</td><td>$ 39.8</td><td>$ 93.1</td></tr><tr><td>3</td><td>capping closure and post-closure obligations</td><td>61.8</td><td>62.4</td></tr><tr><td>4</td><td>self-insurance</td><td>63.8</td><td>65.1</td></tr><tr><td>5</td><td>other</td><td>7.4</td><td>19.9</td></tr><tr><td>6</td><td>total restricted cash and marketable securities</td><td>$ 172.8</td><td>$ 240.5</td></tr></table> we own a 19.9% ( 19.9 % ) interest in a company that , among other activities , issues financial surety bonds to secure capping , closure and post-closure obligations for companies operating in the solid waste industry . we account for this investment under the cost method of accounting . there have been no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment . this investee company and the parent company of the investee had written surety bonds for us relating to our landfill operations for capping , closure and post-closure , of which $ 855.0 million and $ 775.2 million were outstanding as of december 31 , 2010 and 2009 , respectively . our reimbursement obligations under these bonds are secured by an indemnity agreement with the investee and letters of credit totaling $ 45.0 million and $ 67.4 million as of december 31 , 2010 and 2009 , respectively . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and the financial assurances discussed above , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . guarantees we enter into contracts in the normal course of business that include indemnification clauses . indemnifications relating to known liabilities are recorded in the consolidated financial statements based on our best estimate of required future payments . certain of these indemnifications relate to contingent events or occurrences , such as the imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law , and indemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our activities prior to the divestiture and that may become known in the future . we do not believe that these contingent obligations will have a material effect on our consolidated financial position , results of operations or cash flows . we have entered into agreements with property owners to guarantee the value of property that is adjacent to certain of our landfills . these agreements have varying terms . we do not believe that these contingent obligations will have a material effect on our consolidated financial position , results of operations or cash flows . other matters our business activities are conducted in the context of a developing and changing statutory and regulatory framework . governmental regulation of the waste management industry requires us to obtain and retain numerous governmental permits to conduct various aspects of our operations . these permits are subject to revocation , modification or denial . the costs and other capital expenditures which may be required to obtain or retain the applicable permits or comply with applicable regulations could be significant . any revocation , modification or denial of permits could have a material adverse effect on us . republic services , inc . notes to consolidated financial statements , continued .\nQuestion: in the year of 2010, what percentage did the financing proceeds represent in relation to the total of restricted cash and marketable securities?\nAnswer: 0.23032\nQuestion: and how much did the outstanding surety bonds for the investee and the parent represent in relation to the ones in 2009?\n"
},
{
"role": "agent",
"content": "1.10294"
}
] |
CONVFINQA3135
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncash flows from operations . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2018</td><td>fiscal year 2017</td><td>fiscal year 2016</td></tr><tr><td>2</td><td>net earnings including earnings attributable to redeemable and noncontrollinginterests</td><td>$ 2163.0</td><td>$ 1701.1</td><td>$ 1736.8</td></tr><tr><td>3</td><td>depreciation and amortization</td><td>618.8</td><td>603.6</td><td>608.1</td></tr><tr><td>4</td><td>after-taxearnings from joint ventures</td><td>-84.7 ( 84.7 )</td><td>-85.0 ( 85.0 )</td><td>-88.4 ( 88.4 )</td></tr><tr><td>5</td><td>distributions of earnings from joint ventures</td><td>113.2</td><td>75.6</td><td>75.1</td></tr><tr><td>6</td><td>stock-based compensation</td><td>77.0</td><td>95.7</td><td>89.8</td></tr><tr><td>7</td><td>deferred income taxes</td><td>-504.3 ( 504.3 )</td><td>183.9</td><td>120.6</td></tr><tr><td>8</td><td>pension and other postretirement benefit plan contributions</td><td>-31.8 ( 31.8 )</td><td>-45.4 ( 45.4 )</td><td>-47.8 ( 47.8 )</td></tr><tr><td>9</td><td>pension and other postretirement benefit plan costs</td><td>4.6</td><td>35.7</td><td>118.1</td></tr><tr><td>10</td><td>divestitures loss ( gain )</td><td>-</td><td>13.5</td><td>-148.2 ( 148.2 )</td></tr><tr><td>11</td><td>restructuring impairment and other exit costs</td><td>126.0</td><td>117.0</td><td>107.2</td></tr><tr><td>12</td><td>changes in current assets and liabilities excluding the effects of acquisitions anddivestitures</td><td>542.1</td><td>-194.2 ( 194.2 )</td><td>298.5</td></tr><tr><td>13</td><td>other net</td><td>-182.9 ( 182.9 )</td><td>-86.3 ( 86.3 )</td><td>-105.6 ( 105.6 )</td></tr><tr><td>14</td><td>net cash provided by operating activities</td><td>$ 2841.0</td><td>$ 2415.2</td><td>$ 2764.2</td></tr></table> in fiscal 2018 , cash provided by operations was $ 2.8 billion compared to $ 2.4 billion in fiscal 2017 . the $ 426 million increase was primarily driven by the $ 462 million increase in net earnings and the $ 736 million change in current assets and liabilities , partially offset by a $ 688 million change in deferred income taxes . the change in deferred income taxes was primarily related to the $ 638 million provisional benefit from revaluing our net u.s . deferred tax liabilities to reflect the new u.s . corporate tax rate as a result of the tcja . the $ 736 million change in current assets and liabilities was primarily due to changes in accounts payable of $ 476 million related to the extension of payment terms and timing of payments , and $ 264 million of changes in other current liabilities primarily driven by changes in income taxes payable , trade and advertising accruals , and incentive accruals . we strive to grow core working capital at or below the rate of growth in our net sales . for fiscal 2018 , core working capital decreased 27 percent , compared to a net sales increase of 1 percent . in fiscal 2017 , core working capital increased 9 percent , compared to a net sales decline of 6 percent , and in fiscal 2016 , core working capital decreased 41 percent , compared to net sales decline of 6 percent . in fiscal 2017 , our operations generated $ 2.4 billion of cash , compared to $ 2.8 billion in fiscal 2016 . the $ 349 million decrease was primarily driven by a $ 493 million change in current assets and liabilities . the $ 493 million change in current assets and liabilities was primarily due to changes in other current liabilities driven by changes in income taxes payable , a decrease in incentive accruals , and changes in trade and advertising accruals due to reduced spending . the change in current assets and liabilities was also impacted by the timing of accounts payable . additionally , we recorded a $ 14 million loss on a divestiture during fiscal 2017 , compared to a $ 148 million net gain on divestitures during fiscal 2016 , and classified the related cash flows as investing activities. .\nQuestion: what was the change in net earnings including earnings attributable to redeemable and non-controlling interests between 2017 and 2018?\nAnswer: 461.9\nQuestion: and the percentage change of this value?\nAnswer: 0.27153\nQuestion: what was the change in the cash provided by operations from 2017 to 2018?\nAnswer: 0.4\nQuestion: and the percentage change over this time?\n"
},
{
"role": "agent",
"content": "0.16667"
}
] |
CONVFINQA1993
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy arkansas , inc . management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue . the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case . the base rate case is discussed in more detail in note 2 to the financial statements . 2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate . the decrease was partially offset by higher net revenue . net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) . <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>$ 1110.6</td></tr><tr><td>3</td><td>rider revenue</td><td>13.6</td></tr><tr><td>4</td><td>purchased power capacity</td><td>4.8</td></tr><tr><td>5</td><td>volume/weather</td><td>-14.6 ( 14.6 )</td></tr><tr><td>6</td><td>other</td><td>3.5</td></tr><tr><td>7</td><td>2008 net revenue</td><td>$ 1117.9</td></tr></table> the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 . the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income . also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues . the corresponding increase is in taxes other than income taxes , resulting in no effect on net income . the purchased power capacity variance is primarily due to lower reserve equalization expenses . the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class . billed electricity usage decreased 333 gwh in all sectors . see \"critical accounting estimates\" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .\nQuestion: what is the net revenue in 2007?\nAnswer: 1110.6\nQuestion: what about in 2008?\nAnswer: 1117.9\nQuestion: what is the net change?\nAnswer: -7.3\nQuestion: what growth rate does this represent?\n"
},
{
"role": "agent",
"content": "-0.00653"
}
] |
CONVFINQA11013
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepatriated , the related u.s . tax liability may be reduced by any foreign income taxes paid on these earnings . as of november 30 , 2012 , the cumulative amount of earnings upon which u.s . income taxes have not been provided is approximately $ 2.9 billion . the unrecognized deferred tax liability for these earnings is approximately $ 0.8 billion . as of november 30 , 2012 , we have u.s . net operating loss carryforwards of approximately $ 33.7 million for federal and $ 77.7 million for state . we also have federal , state and foreign tax credit carryforwards of approximately $ 1.9 million , $ 18.0 million and $ 17.6 million , respectively . the net operating loss carryforward assets , federal tax credits and foreign tax credits will expire in various years from fiscal 2017 through 2032 . the state tax credit carryforwards can be carried forward indefinitely . the net operating loss carryforward assets and certain credits are subject to an annual limitation under internal revenue code section 382 , but are expected to be fully realized . in addition , we have been tracking certain deferred tax attributes of $ 45.0 million which have not been recorded in the financial statements pursuant to accounting standards related to stock-based compensation . these amounts are no longer included in our gross or net deferred tax assets . pursuant to these standards , the benefit of these deferred tax assets will be recorded to equity if and when they reduce taxes payable . as of november 30 , 2012 , a valuation allowance of $ 28.2 million has been established for certain deferred tax assets related to the impairment of investments and certain foreign assets . for fiscal 2012 , the total change in the valuation allowance was $ 23.0 million , of which $ 2.1 million was recorded as a tax benefit through the income statement . accounting for uncertainty in income taxes during fiscal 2012 and 2011 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 163607</td><td>$ 156925</td></tr><tr><td>3</td><td>gross increases in unrecognized tax benefits 2013 prior year tax positions</td><td>1038</td><td>11901</td></tr><tr><td>4</td><td>gross decreases in unrecognized tax benefits 2013 prior year tax positions</td><td>2014</td><td>-4154 ( 4154 )</td></tr><tr><td>5</td><td>gross increases in unrecognized tax benefits 2013 current year tax positions</td><td>23771</td><td>32420</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>-1754 ( 1754 )</td><td>-29101 ( 29101 )</td></tr><tr><td>7</td><td>lapse of statute of limitations</td><td>-25387 ( 25387 )</td><td>-3825 ( 3825 )</td></tr><tr><td>8</td><td>foreign exchange gains and losses</td><td>-807 ( 807 )</td><td>-559 ( 559 )</td></tr><tr><td>9</td><td>ending balance</td><td>$ 160468</td><td>$ 163607</td></tr></table> as of november 30 , 2012 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.5 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are the u.s. , ireland and california . for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed . our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable . we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . the company believes that before the end of fiscal 2013 , it is reasonably possible table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .\nQuestion: what was the change in the total gross amount of unrecognized tax benefits from 2011 to 2012?\n"
},
{
"role": "agent",
"content": "-3139.0"
}
] |
CONVFINQA1154
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart ii item 5 : market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities motorola 2019s common stock is listed on the new york and chicago stock exchanges . the number of stockholders of record of motorola common stock on january 31 , 2008 was 79907 . information regarding securities authorized for issuance under equity compensation plans is incorporated by reference to the information under the caption 201cequity compensation plan information 201d of motorola 2019s proxy statement for the 2008 annual meeting of stockholders . the remainder of the response to this item incorporates by reference note 16 , 201cquarterly and other financial data ( unaudited ) 201d of the notes to consolidated financial statements appearing under 201citem 8 : financial statements and supplementary data 201d . the following table provides information with respect to acquisitions by the company of shares of its common stock during the quarter ended december 31 , 2007 . issuer purchases of equity securities period ( a ) total number of shares purchased ( 1 ) ( 2 ) ( b ) average price paid per share ( 1 ) ( 3 ) ( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 ) ( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>( a ) total number of shares purchased ( 1 ) ( 2 )</td><td>( b ) average price paid per share ( 1 ) ( 3 )</td><td>( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 )</td><td>( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 )</td></tr><tr><td>2</td><td>9/30/07 to 10/26/07</td><td>2972951</td><td>$ 18.84</td><td>2964225</td><td>$ 4267375081</td></tr><tr><td>3</td><td>10/27/07 to 11/23/07</td><td>5709917</td><td>$ 17.23</td><td>5706600</td><td>$ 4169061854</td></tr><tr><td>4</td><td>11/24/07 to 12/31/07</td><td>25064045</td><td>$ 16.04</td><td>25064045</td><td>$ 3767061887</td></tr><tr><td>5</td><td>total</td><td>33746913</td><td>$ 16.49</td><td>33734870</td><td>-</td></tr></table> ( 1 ) in addition to purchases under the 2006 stock repurchase program ( as defined below ) , included in this column are transactions under the company 2019s equity compensation plans involving the delivery to the company of 12043 shares of motorola common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to company employees . ( 2 ) through actions taken on july 24 , 2006 and march 21 , 2007 , the board of directors has authorized the company to repurchase an aggregate amount of up to $ 7.5 billion of its outstanding shares of common stock over a period ending in june 2009 , subject to market conditions ( the 201c2006 stock repurchase program 201d ) . ( 3 ) average price paid per share of common stock repurchased under the 2006 stock repurchase program is execution price , excluding commissions paid to brokers. .\nQuestion: in 2007, what was the number of shares purchased after november 24?\nAnswer: 25064045.0\nQuestion: and what was the total number of shares purchased between september 30 and december 31 of that year?\n"
},
{
"role": "agent",
"content": "33746913.0"
}
] |
CONVFINQA10902
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndecember 2016 acquisition of camber and higher volumes in fleet support and oil and gas services , partially offset by lower nuclear and environmental volumes due to the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract . segment operating income 2018 - operating income in the technical solutions segment for the year ended december 31 , 2018 , was $ 32 million , compared to operating income of $ 21 million in 2017 . the increase was primarily due to an allowance for accounts receivable in 2017 on a nuclear and environmental commercial contract and higher income from operating investments at our nuclear and environmental joint ventures , partially offset by one time employee bonus payments in 2018 related to the tax act and lower performance in fleet support services . 2017 - operating income in the technical solutions segment for the year ended december 31 , 2017 , was $ 21 million , compared to operating income of $ 8 million in 2016 . the increase was primarily due to improved performance in oil and gas services and higher volume in mdis services following the december 2016 acquisition of camber , partially offset by the establishment of an allowance for accounts receivable on a nuclear and environmental commercial contract in 2017 and the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract . backlog total backlog as of december 31 , 2018 , was approximately $ 23 billion . total backlog includes both funded backlog ( firm orders for which funding is contractually obligated by the customer ) and unfunded backlog ( firm orders for which funding is not currently contractually obligated by the customer ) . backlog excludes unexercised contract options and unfunded idiq orders . for contracts having no stated contract values , backlog includes only the amounts committed by the customer . the following table presents funded and unfunded backlog by segment as of december 31 , 2018 and 2017: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>december 31 2018 funded</td><td>december 31 2018 unfunded</td><td>december 31 2018 total backlog</td><td>december 31 2018 funded</td><td>december 31 2018 unfunded</td><td>total backlog</td></tr><tr><td>2</td><td>ingalls</td><td>$ 9943</td><td>$ 1422</td><td>$ 11365</td><td>$ 5920</td><td>$ 2071</td><td>$ 7991</td></tr><tr><td>3</td><td>newport news</td><td>6767</td><td>4144</td><td>10911</td><td>6976</td><td>5608</td><td>12584</td></tr><tr><td>4</td><td>technical solutions</td><td>339</td><td>380</td><td>719</td><td>478</td><td>314</td><td>792</td></tr><tr><td>5</td><td>total backlog</td><td>$ 17049</td><td>$ 5946</td><td>$ 22995</td><td>$ 13374</td><td>$ 7993</td><td>$ 21367</td></tr></table> we expect approximately 30% ( 30 % ) of the $ 23 billion total backlog as of december 31 , 2018 , to be converted into sales in 2019 . u.s . government orders comprised substantially all of the backlog as of december 31 , 2018 and 2017 . awards 2018 - the value of new contract awards during the year ended december 31 , 2018 , was approximately $ 9.8 billion . significant new awards during the period included contracts for the construction of three arleigh burke class ( ddg 51 ) destroyers , for the detail design and construction of richard m . mccool jr . ( lpd 29 ) , for procurement of long-lead-time material for enterprise ( cvn 80 ) , and for the construction of nsc 10 ( unnamed ) and nsc 11 ( unnamed ) . in addition , we received awards in 2019 valued at $ 15.2 billion for detail design and construction of the gerald r . ford class ( cvn 78 ) aircraft carriers enterprise ( cvn 80 ) and cvn 81 ( unnamed ) . 2017 - the value of new contract awards during the year ended december 31 , 2017 , was approximately $ 8.1 billion . significant new awards during this period included the detailed design and construction contract for bougainville ( lha 8 ) and the execution contract for the rcoh of uss george washington ( cvn 73 ) . .\nQuestion: what was the net change in value of operating income for technical solutions segment from 2017 and 2018?\nAnswer: 11.0\nQuestion: what was the value of operating income for technical solutions segment in 2017?\nAnswer: 21.0\nQuestion: what was the percent change?\n"
},
{
"role": "agent",
"content": "0.52381"
}
] |
CONVFINQA8123
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 110 jpmorgan chase & co . / 2008 annual report the allowance for credit losses increased $ 13.7 billion from the prior year to $ 23.8 billion . the increase included $ 4.1 billion of allowance related to noncredit-impaired loans acquired in the washington mutual transaction and the related accounting conformity provision . excluding held-for-sale loans , loans carried at fair value , and pur- chased credit-impaired consumer loans , the allowance for loan losses represented 3.62% ( 3.62 % ) of loans at december 31 , 2008 , compared with 1.88% ( 1.88 % ) at december 31 , 2007 . the consumer allowance for loan losses increased $ 10.5 billion from the prior year as a result of the washington mutual transaction and increased allowance for loan loss in residential real estate and credit card . the increase included additions to the allowance for loan losses of $ 4.7 billion driven by higher estimated losses for residential mort- gage and home equity loans as the weak labor market and weak overall economic conditions have resulted in increased delinquencies , while continued weak housing prices have driven a significant increase in loss severity . the allowance for loan losses related to credit card increased $ 4.3 billion from the prior year primarily due to the acquired allowance and subsequent conforming provision for loan loss related to the washington mutual bank acquisition and an increase in provision for loan losses of $ 2.3 billion in 2008 over 2007 , as higher estimated net charge-offs are expected in the port- folio resulting from the current economic conditions . the wholesale allowance for loan losses increase of $ 3.4 billion from december 31 , 2007 , reflected the effect of a weakening credit envi- ronment and the transfer of $ 4.9 billion of funded and unfunded leveraged lending commitments to retained loans from held-for-sale . to provide for the risk of loss inherent in the firm 2019s process of extending credit , an allowance for lending-related commitments is held for both wholesale and consumer , which is reported in other lia- bilities . the wholesale component is computed using a methodology similar to that used for the wholesale loan portfolio , modified for expected maturities and probabilities of drawdown and has an asset- specific component and a formula-based component . for a further discussion on the allowance for lending-related commitment see note 15 on pages 178 2013180 of this annual report . the allowance for lending-related commitments for both wholesale and consumer was $ 659 million and $ 850 million at december 31 , 2008 and 2007 , respectively . the decrease reflects the reduction in lending-related commitments at december 31 , 2008 . for more information , see page 102 of this annual report . the following table presents the allowance for loan losses and net charge-offs ( recoveries ) by business segment at december 31 , 2008 and 2007 . net charge-offs ( recoveries ) december 31 , allowance for loan losses year ended . <table class='wikitable'><tr><td>1</td><td>december 31 , ( in millions )</td><td>december 31 , 2008</td><td>december 31 , 2007</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>investment bank</td><td>$ 3444</td><td>$ 1329</td><td>$ 105</td><td>$ 36</td></tr><tr><td>3</td><td>commercial banking</td><td>2826</td><td>1695</td><td>288</td><td>44</td></tr><tr><td>4</td><td>treasury & securities services</td><td>74</td><td>18</td><td>-2 ( 2 )</td><td>2014</td></tr><tr><td>5</td><td>asset management</td><td>191</td><td>112</td><td>11</td><td>-8 ( 8 )</td></tr><tr><td>6</td><td>corporate/private equity</td><td>10</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>total wholesale</td><td>6545</td><td>3154</td><td>402</td><td>72</td></tr><tr><td>8</td><td>retail financial services</td><td>8918</td><td>2668</td><td>4877</td><td>1350</td></tr><tr><td>9</td><td>card services</td><td>7692</td><td>3407</td><td>4556</td><td>3116</td></tr><tr><td>10</td><td>corporate/private equity</td><td>9</td><td>5</td><td>2014</td><td>2014</td></tr><tr><td>11</td><td>total consumer 2013 reported</td><td>16619</td><td>6080</td><td>9433</td><td>4466</td></tr><tr><td>12</td><td>credit card 2013 securitized</td><td>2014</td><td>2014</td><td>3612</td><td>2380</td></tr><tr><td>13</td><td>total consumer 2013 managed</td><td>16619</td><td>6080</td><td>13045</td><td>6846</td></tr><tr><td>14</td><td>total</td><td>$ 23164</td><td>$ 9234</td><td>$ 13477</td><td>$ 6918</td></tr></table> .\nQuestion: what were the net charge-offs for retail financial services in 2008?\nAnswer: 8918.0\nQuestion: and in 2007?\n"
},
{
"role": "agent",
"content": "2668.0"
}
] |
CONVFINQA63
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nlong-term product offerings include alpha-seeking active and index strategies . our alpha-seeking active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile , and leverage fundamental research and quantitative models to drive portfolio construction . in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index . index strategies include both our non-etf index products and ishares etfs . although many clients use both alpha-seeking active and index strategies , the application of these strategies may differ . for example , clients may use index products to gain exposure to a market or asset class , or may use a combination of index strategies to target active returns . in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates . net flows in institutional index products generally have a small impact on blackrock 2019s revenues and earnings . equity year-end 2017 equity aum totaled $ 3.372 trillion , reflecting net inflows of $ 130.1 billion . net inflows included $ 174.4 billion into ishares etfs , driven by net inflows into core funds and broad developed and emerging market equities , partially offset by non-etf index and active net outflows of $ 25.7 billion and $ 18.5 billion , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than u.s . equity strategies . accordingly , fluctuations in international equity markets , which may not consistently move in tandem with u.s . markets , have a greater impact on blackrock 2019s equity revenues and effective fee rate . fixed income fixed income aum ended 2017 at $ 1.855 trillion , reflecting net inflows of $ 178.8 billion . in 2017 , active net inflows of $ 21.5 billion were diversified across fixed income offerings , and included strong inflows into municipal , unconstrained and total return bond funds . ishares etfs net inflows of $ 67.5 billion were led by flows into core , corporate and treasury bond funds . non-etf index net inflows of $ 89.8 billion were driven by demand for liability-driven investment solutions . multi-asset blackrock 2019s multi-asset team manages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , bonds , currencies and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . component changes in multi-asset aum for 2017 are presented below . ( in millions ) december 31 , net inflows ( outflows ) market change impact december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>december 312016</td><td>net inflows ( outflows )</td><td>marketchange</td><td>fximpact</td><td>december 312017</td></tr><tr><td>2</td><td>asset allocation and balanced</td><td>$ 176675</td><td>$ -2502 ( 2502 )</td><td>$ 17387</td><td>$ 4985</td><td>$ 196545</td></tr><tr><td>3</td><td>target date/risk</td><td>149432</td><td>23925</td><td>24532</td><td>1577</td><td>199466</td></tr><tr><td>4</td><td>fiduciary</td><td>68395</td><td>-1047 ( 1047 )</td><td>7522</td><td>8819</td><td>83689</td></tr><tr><td>5</td><td>futureadvisor ( 1 )</td><td>505</td><td>-46 ( 46 )</td><td>119</td><td>2014</td><td>578</td></tr><tr><td>6</td><td>total</td><td>$ 395007</td><td>$ 20330</td><td>$ 49560</td><td>$ 15381</td><td>$ 480278</td></tr></table> ( 1 ) futureadvisor amounts do not include aum held in ishares etfs . multi-asset net inflows reflected ongoing institutional demand for our solutions-based advice with $ 18.9 billion of net inflows coming from institutional clients . defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 20.8 billion to institutional multi-asset net inflows in 2017 , primarily into target date and target risk product offerings . retail net inflows of $ 1.1 billion reflected demand for our multi-asset income fund family , which raised $ 5.8 billion in 2017 . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 41% ( 41 % ) of multi-asset aum at year-end . these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget . in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions . flagship products in this category include our global allocation and multi-asset income fund families . 2022 target date and target risk products grew 16% ( 16 % ) organically in 2017 , with net inflows of $ 23.9 billion . institutional investors represented 93% ( 93 % ) of target date and target risk aum , with defined contribution plans accounting for 87% ( 87 % ) of aum . flows were driven by defined contribution investments in our lifepath offerings . lifepath products utilize a proprietary active asset allocation overlay model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . underlying investments are primarily index products . 2022 fiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain blackrock to assume responsibility for some or all aspects of investment management . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives. .\nQuestion: what is the net change in value of the balance of asset allocation from 2016 to 2017?\n"
},
{
"role": "agent",
"content": "19870.0"
}
] |
CONVFINQA9034
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) operations , net , in the accompanying consolidated statements of operations for the year ended december 31 , 2003 . ( see note 9. ) other transactions 2014in august 2003 , the company consummated the sale of galaxy engineering ( galaxy ) , a radio frequency engineering , network design and tower-related consulting business ( previously included in the company 2019s network development services segment ) . the purchase price of approximately $ 3.5 million included $ 2.0 million in cash , which the company received at closing , and an additional $ 1.5 million payable on january 15 , 2008 , or at an earlier date based on the future revenues of galaxy . the company received $ 0.5 million of this amount in january 2005 . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 2.4 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in may 2003 , the company consummated the sale of an office building in westwood , massachusetts ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for a purchase price of approximately $ 18.5 million , including $ 2.4 million of cash proceeds and the buyer 2019s assumption of $ 16.1 million of related mortgage notes . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 3.6 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in january 2003 , the company consummated the sale of flash technologies , its remaining components business ( previously included in the company 2019s network development services segment ) for approximately $ 35.5 million in cash and has recorded a net gain on disposal of approximately $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in march 2003 , the company consummated the sale of an office building in schaumburg , illinois ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for net proceeds of approximately $ 10.3 million in cash and recorded a net loss on disposal of $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . 4 . property and equipment property and equipment ( including assets held under capital leases ) consist of the following as of december 31 , ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>towers</td><td>$ 4134155</td><td>$ 2788162</td></tr><tr><td>3</td><td>equipment</td><td>167504</td><td>115244</td></tr><tr><td>4</td><td>buildings and improvements</td><td>184951</td><td>162120</td></tr><tr><td>5</td><td>land and improvements</td><td>215974</td><td>176937</td></tr><tr><td>6</td><td>construction-in-progress</td><td>36991</td><td>27866</td></tr><tr><td>7</td><td>total</td><td>4739575</td><td>3270329</td></tr><tr><td>8</td><td>less accumulated depreciation and amortization</td><td>-1279049 ( 1279049 )</td><td>-996973 ( 996973 )</td></tr><tr><td>9</td><td>property and equipment net</td><td>$ 3460526</td><td>$ 2273356</td></tr></table> 5 . goodwill and other intangible assets the company 2019s net carrying amount of goodwill was approximately $ 2.1 billion as of december 312005 and $ 592.7 million as of december 31 , 2004 , all of which related to its rental and management segment . the increase in the carrying value was as a result of the goodwill of $ 1.5 billion acquired in the merger with spectrasite , inc . ( see note 2. ) .\nQuestion: what was the amount of property and equipment net in 2005?\nAnswer: 3460526.0\nQuestion: and what was it in 2004?\nAnswer: 2273356.0\nQuestion: what was, then, the increase over the year?\nAnswer: 1187170.0\nQuestion: and what is this increase as a percentage of the 2004 amount?\nAnswer: 0.52221\nQuestion: and what was the increase in the amount of total property and equipment in that same period?\n"
},
{
"role": "agent",
"content": "1469246.0"
}
] |
CONVFINQA3015
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninput costs for board and resin are expected to be flat and operating costs are expected to decrease . european consumer packaging net sales in 2013 were $ 380 million compared with $ 380 million in 2012 and $ 375 million in 2011 . operating profits in 2013 were $ 100 million compared with $ 99 million in 2012 and $ 93 million in 2011 . sales volumes in 2013 decreased from 2012 in both the european and russian markets . average sales price realizations were significantly higher in the russian market , but were lower in europe . input costs were flat year-over-year . planned maintenance downtime costs were higher in 2013 than in 2012 . looking forward to the first quarter of 2014 , sales volumes compared with the fourth quarter of 2013 are expected to be about flat . average sales price realizations are expected to be higher in both russia and europe . input costs are expected to increase for wood and energy , but decrease for purchased pulp . there are no maintenance outages scheduled for the first quarter , however the kwidzyn mill will have additional costs associated with the rebuild of a coated board machine . asian consumer packaging net sales were $ 1.1 billion in 2013 compared with $ 830 million in 2012 and $ 855 million in 2011 . operating profits in 2013 were a loss of $ 2 million compared with gains of $ 4 million in 2012 and $ 35 million in 2011 . sales volumes increased in 2013 compared with 2012 , reflecting the ramp-up of a new coated paperboard machine installed in 2012 . however , average sales price realizations were significantly lower , reflecting competitive pressure on sales prices which squeezed margins and created an unfavorable product mix . lower input costs were offset by higher freight costs . in 2012 , start-up costs for the new coated paperboard machine adversely impacted operating profits . in the first quarter of 2014 , sales volumes are expected to increase slightly . average sales price realizations are expected to be flat reflecting continuing competitive pressures . input costs are expected be higher for pulp , energy and chemicals . the business will drive margin improvement through operational excellence and better distribution xpedx , our distribution business , is one of north america 2019s leading business-to-business distributors to manufacturers , facility managers and printers , providing customized solutions that are designed to improve efficiency , reduce costs and deliver results . customer demand is generally sensitive to changes in economic conditions and consumer behavior , along with segment specific activity including corporate advertising and promotional spending , government spending and domestic manufacturing activity . distribution 2019s margins are relatively stable across an economic cycle . providing customers with the best choice for value in both products and supply chain services is a key competitive factor . additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability . distribution . <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>sales</td><td>$ 5650</td><td>$ 6040</td><td>$ 6630</td></tr><tr><td>3</td><td>operating profit</td><td>-389 ( 389 )</td><td>22</td><td>34</td></tr></table> distribution 2019s 2013 annual sales decreased 6% ( 6 % ) from 2012 , and decreased 15% ( 15 % ) from 2011 . operating profits in 2013 were a loss of $ 389 million ( a gain of $ 43 million excluding goodwill impairment charges and reorganization costs ) compared with $ 22 million ( $ 71 million excluding reorganization costs ) in 2012 and $ 34 million ( $ 86 million excluding reorganization costs ) in annual sales of printing papers and graphic arts supplies and equipment totaled $ 3.2 billion in 2013 compared with $ 3.5 billion in 2012 and $ 4.0 billion in 2011 reflecting declining demand and the discontinuation of a distribution agreement with a large manufacturer of graphic supplies . trade margins as a percent of sales for printing papers were down from both 2012 and 2011 . revenue from packaging products was flat at $ 1.6 billion in 2013 , 2012 and 2011 despite the significant decline of a large high-tech customer's business . packaging margins remained flat to the 2012 level , and up from 2011 . facility supplies annual revenue was $ 845 million in 2013 , down from $ 944 million in 2012 and $ 981 million in 2011 . operating profits in 2013 included a goodwill impairment charge of $ 400 million and reorganization costs for severance , professional services and asset write-downs of $ 32 million . operating profits in 2012 and 2011 included reorganization costs of $ 49 million and $ 52 million , respectively . looking ahead to the 2014 first quarter , operating profits will be seasonally lower , but will continue to reflect the benefits of strategic and other cost reduction initiatives. .\nQuestion: what were net sales of asian consumer packaging in 2013?\nAnswer: 1.1\nQuestion: what was the value in 2012?\n"
},
{
"role": "agent",
"content": "830.0"
}
] |
CONVFINQA10586
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries management's financial discussion and analysis other income ( deductions ) changed from $ 47.6 million in 2002 to ( $ 36.0 million ) in 2003 primarily due to a decrease in \"miscellaneous - net\" as a result of a $ 107.7 million accrual in the second quarter of 2003 for the loss that would be associated with a final , non-appealable decision disallowing abeyed river bend plant costs . see note 2 to the consolidated financial statements for more details regarding the river bend abeyed plant costs . the decrease was partially offset by an increase in interest and dividend income as a result of the implementation of sfas 143 . interest on long-term debt decreased from $ 462.0 million in 2002 to $ 433.5 million in 2003 primarily due to the redemption and refinancing of long-term debt . non-utility nuclear following are key performance measures for non-utility nuclear: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net mw in operation at december 31</td><td>4058</td><td>4001</td><td>3955</td></tr><tr><td>3</td><td>average realized price per mwh</td><td>$ 41.26</td><td>$ 39.38</td><td>$ 40.07</td></tr><tr><td>4</td><td>generation in gwh for the year</td><td>32524</td><td>32379</td><td>29953</td></tr><tr><td>5</td><td>capacity factor for the year</td><td>92% ( 92 % )</td><td>92% ( 92 % )</td><td>93% ( 93 % )</td></tr></table> 2004 compared to 2003 the decrease in earnings for non-utility nuclear from $ 300.8 million to $ 245.0 million was primarily due to the $ 154.5 million net-of-tax cumulative effect of a change in accounting principle that increased earnings in the first quarter of 2003 upon implementation of sfas 143 . see \"critical accounting estimates - sfas 143\" below for discussion of the implementation of sfas 143 . earnings before the cumulative effect of accounting change increased by $ 98.7 million primarily due to the following : 2022 lower operation and maintenance expenses , which decreased from $ 681.8 million in 2003 to $ 595.7 million in 2004 , primarily resulting from charges recorded in 2003 in connection with the voluntary severance program ; 2022 higher revenues , which increased from $ 1.275 billion in 2003 to $ 1.342 billion in 2004 , primarily resulting from higher contract pricing . the addition of a support services contract for the cooper nuclear station and increased generation in 2004 due to power uprates completed in 2003 and fewer planned and unplanned outages in 2004 also contributed to the higher revenues ; and 2022 miscellaneous income resulting from a reduction in the decommissioning liability for a plant , as discussed in note 8 to the consolidated financial statements . partially offsetting this increase were the following : 2022 higher income taxes , which increased from $ 88.6 million in 2003 to $ 142.6 million in 2004 ; and 2022 higher depreciation expense , which increased from $ 34.3 million in 2003 to $ 48.9 million in 2004 , due to additions to plant in service . 2003 compared to 2002 the increase in earnings for non-utility nuclear from $ 200.5 million to $ 300.8 million was primarily due to the $ 154.5 million net-of-tax cumulative effect of a change in accounting principle recognized in the first quarter of 2003 upon implementation of sfas 143 . see \"critical accounting estimates - sfas 143\" below for discussion of the implementation of sfas 143 . income before the cumulative effect of accounting change decreased by $ 54.2 million . the decrease was primarily due to $ 83.0 million ( $ 50.6 million net-of-tax ) of charges recorded in connection with the voluntary severance program . except for the effect of the voluntary severance program , operation and maintenance expenses in 2003 per mwh of generation were in line with 2002 operation and maintenance expenses. .\nQuestion: what value of gwh was generated in 2004?\n"
},
{
"role": "agent",
"content": "32524.0"
}
] |
CONVFINQA9620
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 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 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) 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 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages )</td><td>directamount</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>2010</td><td>$ 15780</td><td>$ 5792</td><td>$ 3516</td><td>$ 13504</td><td>26% ( 26 % )</td></tr><tr><td>3</td><td>2009</td><td>$ 15415</td><td>$ 5943</td><td>$ 3768</td><td>$ 13240</td><td>28% ( 28 % )</td></tr><tr><td>4</td><td>2008</td><td>$ 16087</td><td>$ 6144</td><td>$ 3260</td><td>$ 13203</td><td>25% ( 25 % )</td></tr></table> .\nQuestion: what is the value of direct amount in 2010?\nAnswer: 15780.0\nQuestion: what about the value of ceded to other companies?\nAnswer: 5792.0\nQuestion: what is the ratio among these two?\nAnswer: 2.72445\nQuestion: what is the net change among ceded and assumed amounts in 2010?\n"
},
{
"role": "agent",
"content": "2276.0"
}
] |
CONVFINQA7098
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nabiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 . stock award plans and stock-based compensation ( continued ) restricted stock and restricted stock units the following table summarizes restricted stock and restricted stock unit activity for the fiscal year ended march 31 , 2012 : number of shares ( in thousands ) weighted average grant date fair value ( per share ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of shares ( in thousands )</td><td>weighted average grant date fair value ( per share )</td></tr><tr><td>2</td><td>restricted stock and restricted stock units at beginning of year</td><td>407</td><td>$ 9.84</td></tr><tr><td>3</td><td>granted</td><td>607</td><td>18.13</td></tr><tr><td>4</td><td>vested</td><td>-134 ( 134 )</td><td>10.88</td></tr><tr><td>5</td><td>forfeited</td><td>-9 ( 9 )</td><td>13.72</td></tr><tr><td>6</td><td>restricted stock and restricted stock units at end of year</td><td>871</td><td>$ 15.76</td></tr></table> the remaining unrecognized compensation expense for outstanding restricted stock and restricted stock units , including performance-based awards , as of march 31 , 2012 was $ 7.1 million and the weighted-average period over which this cost will be recognized is 2.2 years . the weighted average grant-date fair value for restricted stock and restricted stock units granted during the years ended march 31 , 2012 , 2011 , and 2010 was $ 18.13 , $ 10.00 and $ 7.67 per share , respectively . the total fair value of restricted stock and restricted stock units vested in fiscal years 2012 , 2011 , and 2010 was $ 1.5 million , $ 1.0 million and $ 0.4 million , respectively . performance-based awards included in the restricted stock and restricted stock units activity discussed above are certain awards granted in fiscal years 2012 , 2011 and 2010 that vest subject to certain performance-based criteria . in june 2010 , 311000 shares of restricted stock and a performance-based award for the potential issuance of 45000 shares of common stock were issued to certain executive officers and members of senior management of the company , all of which would vest upon achievement of prescribed service milestones by the award recipients and performance milestones by the company . during the year ended march 31 , 2011 , the company determined that it met the prescribed performance targets and a portion of these shares and stock options vested . the remaining shares will vest upon satisfaction of prescribed service conditions by the award recipients . during the three months ended june 30 , 2011 , the company determined that it should have been using the graded vesting method instead of the straight-line method to expense stock-based compensation for the performance-based awards issued in june 2010 . this resulted in additional stock based compensation expense of approximately $ 0.6 million being recorded during the three months ended june 30 , 2011 that should have been recorded during the year ended march 31 , 2011 . the company believes that the amount is not material to its march 31 , 2011 consolidated financial statements and therefore recorded the adjustment in the quarter ended june 30 , 2011 . during the three months ended june 30 , 2011 , performance-based awards of restricted stock units for the potential issuance of 284000 shares of common stock were issued to certain executive officers and members of the senior management , all of which would vest upon achievement of prescribed service milestones by the award recipients and revenue performance milestones by the company . as of march 31 , 2012 , the company determined that it met the prescribed targets for 184000 shares underlying these awards and it believes it is probable that the prescribed performance targets will be met for the remaining 100000 shares , and the compensation expense is being recognized accordingly . during the year ended march 31 , 2012 , the company has recorded $ 3.3 million in stock-based compensation expense for equity awards in which the prescribed performance milestones have been achieved or are probable of being achieved . the remaining unrecognized compensation expense related to these equity awards at march 31 , 2012 is $ 3.6 million based on the company 2019s current assessment of probability of achieving the performance milestones . the weighted-average period over which this cost will be recognized is 2.1 years. .\nQuestion: what was the total value of the granted shares in 2012, in thousands of dollars?\nAnswer: 11004.91\nQuestion: and how much is that in dollars?\n"
},
{
"role": "agent",
"content": "11004910.0"
}
] |
CONVFINQA5456
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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, how many global berths were royal caribbean?\nAnswer: 0.22859\nQuestion: what is that value as a percentage?\n"
},
{
"role": "agent",
"content": "22.8588"
}
] |
CONVFINQA1357
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 noted above , as a result of these sales , these regulated subsidiaries are presented as discontinued operations for all periods presented . therefore , the amounts , statistics and tables presented in this section refer only to on-going operations , unless otherwise noted . the following table sets forth our regulated businesses operating revenue for 2012 and number of customers from continuing operations as well as an estimate of population served as of december 31 , 2012 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total . <table class='wikitable'><tr><td>1</td><td>new jersey</td><td>operating revenues ( in millions ) $ 639.0</td><td>% ( % ) of total 24.9% ( 24.9 % )</td><td>number of customers 639838</td><td>% ( % ) of total 20.3% ( 20.3 % )</td><td>estimated population served ( in millions ) 2.5</td><td>% ( % ) of total 21.9% ( 21.9 % )</td></tr><tr><td>2</td><td>pennsylvania</td><td>557.7</td><td>21.7% ( 21.7 % )</td><td>658153</td><td>20.8% ( 20.8 % )</td><td>2.2</td><td>19.3% ( 19.3 % )</td></tr><tr><td>3</td><td>missouri</td><td>279.5</td><td>10.9% ( 10.9 % )</td><td>455730</td><td>14.4% ( 14.4 % )</td><td>1.5</td><td>13.2% ( 13.2 % )</td></tr><tr><td>4</td><td>illinois ( a )</td><td>256.4</td><td>10.0% ( 10.0 % )</td><td>308014</td><td>9.8% ( 9.8 % )</td><td>1.2</td><td>10.5% ( 10.5 % )</td></tr><tr><td>5</td><td>indiana</td><td>198.7</td><td>7.8% ( 7.8 % )</td><td>289068</td><td>9.2% ( 9.2 % )</td><td>1.2</td><td>10.5% ( 10.5 % )</td></tr><tr><td>6</td><td>california</td><td>193.3</td><td>7.5% ( 7.5 % )</td><td>174188</td><td>5.5% ( 5.5 % )</td><td>0.6</td><td>5.3% ( 5.3 % )</td></tr><tr><td>7</td><td>west virginia ( b )</td><td>125.0</td><td>4.9% ( 4.9 % )</td><td>172159</td><td>5.4% ( 5.4 % )</td><td>0.6</td><td>5.3% ( 5.3 % )</td></tr><tr><td>8</td><td>subtotal ( top seven states )</td><td>2249.6</td><td>87.7% ( 87.7 % )</td><td>2697150</td><td>85.4% ( 85.4 % )</td><td>9.8</td><td>86.0% ( 86.0 % )</td></tr><tr><td>9</td><td>other ( c )</td><td>314.8</td><td>12.3% ( 12.3 % )</td><td>461076</td><td>14.6% ( 14.6 % )</td><td>1.6</td><td>14.0% ( 14.0 % )</td></tr><tr><td>10</td><td>total regulated businesses</td><td>$ 2564.4</td><td>100.0% ( 100.0 % )</td><td>3158226</td><td>100.0% ( 100.0 % )</td><td>11.4</td><td>100.0% ( 100.0 % )</td></tr></table> ( a ) includes illinois-american water company , which we refer to as ilawc and american lake water company , also a regulated subsidiary in illinois . ( b ) west virginia-american water company , which we refer to as wvawc , and its subsidiary bluefield valley water works company . ( c ) includes data from our operating subsidiaries in the following states : georgia , hawaii , iowa , kentucky , maryland , michigan , new york , tennessee , and virginia . approximately 87.7% ( 87.7 % ) of operating revenue from our regulated businesses in 2012 was generated from approximately 2.7 million customers in our seven largest states , as measured by operating revenues . in fiscal year 2012 , no single customer accounted for more than 10% ( 10 % ) of our annual operating revenue . overview of networks , facilities and water supply our regulated businesses operate in approximately 1500 communities in 16 states in the united states . our primary operating assets include approximately 80 surface water treatment plants , 500 groundwater treatment plants , 1000 groundwater wells , 100 wastewater treatment facilities , 1200 treated water storage facilities , 1300 pumping stations , 90 dams and 46000 miles of mains and collection pipes . our regulated utilities own substantially all of the assets used by our regulated businesses . we generally own the land and physical assets used to store , extract and treat source water . typically , we do not own the water itself , which is held in public trust and is allocated to us through contracts and allocation rights granted by federal and state agencies or through the ownership of water rights pursuant to local law . maintaining the reliability of our networks is a key activity of our regulated businesses . we have ongoing infrastructure renewal programs in all states in which our regulated businesses operate . these programs consist of both rehabilitation of existing mains and replacement of mains that have reached the end of their useful service lives . our ability to meet the existing and future water demands of our customers depends on an adequate supply of water . drought , governmental restrictions , overuse of sources of water , the protection of threatened species or habitats or other factors may limit the availability of ground and surface water . we employ a variety of measures to ensure that we have adequate sources of water supply , both in the short-term and over the long-term . the geographic diversity of our service areas tends to mitigate some of the economic effect of weather extremes we .\nQuestion: what was the total operating revenue in the regulated business, in millions of dollars?\nAnswer: 2564.4\nQuestion: and how much is that, in dollars?\nAnswer: 2564400000.0\nQuestion: what is then, the average operating revenue per customer in that regulated business?\n"
},
{
"role": "agent",
"content": "811.97482"
}
] |
CONVFINQA2082
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) from december 1 through may 31 of each year . during the 2008 , 2007 and 2006 offering periods employees purchased 55764 , 48886 and 53210 shares , respectively , at weighted average prices per share of $ 30.08 , $ 33.93 and $ 24.98 , respectively . the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock . the weighted average fair value for the espp shares purchased during 2008 , 2007 and 2006 were $ 7.89 , $ 9.09 and $ 6.79 , respectively . at december 31 , 2008 , 8.8 million shares remain reserved for future issuance under the plan . key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>range of risk free interest rates</td><td>1.99% ( 1.99 % ) 20143.28% ( 20143.28 % )</td><td>4.98% ( 4.98 % ) 20145.05% ( 20145.05 % )</td><td>5.01% ( 5.01 % ) 20145.17% ( 20145.17 % )</td></tr><tr><td>3</td><td>weighted average risk-free interest rate</td><td>2.58% ( 2.58 % )</td><td>5.02% ( 5.02 % )</td><td>5.08% ( 5.08 % )</td></tr><tr><td>4</td><td>expected life of the shares</td><td>6 months</td><td>6 months</td><td>6 months</td></tr><tr><td>5</td><td>range of expected volatility of underlying stock price</td><td>27.85% ( 27.85 % ) 201428.51% ( 201428.51 % )</td><td>27.53% ( 27.53 % ) 201428.74% ( 201428.74 % )</td><td>29.60% ( 29.60 % )</td></tr><tr><td>6</td><td>weighted average expected volatility of underlying stock price</td><td>28.51% ( 28.51 % )</td><td>28.22% ( 28.22 % )</td><td>29.60% ( 29.60 % )</td></tr><tr><td>7</td><td>expected annual dividends</td><td>n/a</td><td>n/a</td><td>n/a</td></tr></table> 13 . stockholders 2019 equity warrants 2014in january 2003 , the company issued warrants to purchase approximately 11.4 million shares of its common stock in connection with an offering of 808000 units , each consisting of $ 1000 principal amount at maturity of ati 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and a warrant to purchase 14.0953 shares of the company 2019s common stock . these warrants became exercisable on january 29 , 2006 at an exercise price of $ 0.01 per share . as these warrants expired on august 1 , 2008 , none were outstanding as of december 31 , in august 2005 , the company completed its merger with spectrasite , inc . and assumed outstanding warrants to purchase shares of spectrasite , inc . common stock . as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc . common stock at an exercise price of $ 32 per warrant . upon completion of the merger , each warrant to purchase shares of spectrasite , inc . common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc . common stock that would have been receivable under each assumed warrant prior to the merger . upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock . of these warrants , warrants to purchase approximately 1.8 million and 2.0 million shares of common stock remained outstanding as of december 31 , 2008 and 2007 , respectively . these warrants will expire on february 10 , 2010 . stock repurchase programs 2014during the year ended december 31 , 2008 , the company repurchased an aggregate of approximately 18.3 million shares of its common stock for an aggregate of $ 697.1 million , including commissions and fees , pursuant to its publicly announced stock repurchase programs , as described below. .\nQuestion: what is the weighted average fair value for the espp shares of 2007?\nAnswer: 9.09\nQuestion: and that of 2006?\n"
},
{
"role": "agent",
"content": "6.79"
}
] |
CONVFINQA1022
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart a0ii item a05 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock . a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners . stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested . market performance . <table class='wikitable'><tr><td>1</td><td>company / index</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>2</td><td>teleflex incorporated</td><td>100</td><td>124</td><td>143</td><td>177</td><td>275</td><td>288</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>114</td><td>115</td><td>129</td><td>157</td><td>150</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment & supply index</td><td>100</td><td>126</td><td>134</td><td>142</td><td>186</td><td>213</td></tr></table> s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 .\nQuestion: what was the price of teleflex in 2014?\nAnswer: 124.0\nQuestion: what was the initial investment?\nAnswer: 100.0\nQuestion: what is the difference of the price and initial investment?\nAnswer: 24.0\nQuestion: what was the initial investment?\nAnswer: 100.0\nQuestion: what is the change divided by the initial investment?\n"
},
{
"role": "agent",
"content": "0.24"
}
] |
CONVFINQA9112
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsee note 10 goodwill and other intangible assets for further discussion of the accounting for goodwill and other intangible assets . the estimated amount of rbc bank ( usa ) revenue and net income ( excluding integration costs ) included in pnc 2019s consolidated income statement for 2012 was $ 1.0 billion and $ 273 million , respectively . upon closing and conversion of the rbc bank ( usa ) transaction , subsequent to march 2 , 2012 , separate records for rbc bank ( usa ) as a stand-alone business have not been maintained as the operations of rbc bank ( usa ) have been fully integrated into pnc . rbc bank ( usa ) revenue and earnings disclosed above reflect management 2019s best estimate , based on information available at the reporting date . the following table presents certain unaudited pro forma information for illustrative purposes only , for 2012 and 2011 as if rbc bank ( usa ) had been acquired on january 1 , 2011 . the unaudited estimated pro forma information combines the historical results of rbc bank ( usa ) with the company 2019s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods . the pro forma information is not indicative of what would have occurred had the acquisition taken place on january 1 , 2011 . in particular , no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of january 1 , 2011 . the unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value . additionally , the pro forma financial information does not include the impact of possible business model changes and does not reflect pro forma adjustments to conform accounting policies between rbc bank ( usa ) and pnc . additionally , pnc expects to achieve further operating cost savings and other business synergies , including revenue growth , as a result of the acquisition that are not reflected in the pro forma amounts that follow . as a result , actual results will differ from the unaudited pro forma information presented . table 57 : rbc bank ( usa ) and pnc unaudited pro forma results . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>for the year ended december 31 2012</td><td>for the year ended december 31 2011</td></tr><tr><td>2</td><td>total revenues</td><td>$ 15721</td><td>$ 15421</td></tr><tr><td>3</td><td>net income</td><td>2989</td><td>2911</td></tr></table> in connection with the rbc bank ( usa ) acquisition and other prior acquisitions , pnc recognized $ 267 million of integration charges in 2012 . pnc recognized $ 42 million of integration charges in 2011 in connection with prior acquisitions . the integration charges are included in the table above . sale of smartstreet effective october 26 , 2012 , pnc divested certain deposits and assets of the smartstreet business unit , which was acquired by pnc as part of the rbc bank ( usa ) acquisition , to union bank , n.a . smartstreet is a nationwide business focused on homeowner or community association managers and had approximately $ 1 billion of assets and deposits as of september 30 , 2012 . the gain on sale was immaterial and resulted in a reduction of goodwill and core deposit intangibles of $ 46 million and $ 13 million , respectively . results from operations of smartstreet from march 2 , 2012 through october 26 , 2012 are included in our consolidated income statement . flagstar branch acquisition effective december 9 , 2011 , pnc acquired 27 branches in the northern metropolitan atlanta , georgia area from flagstar bank , fsb , a subsidiary of flagstar bancorp , inc . the fair value of the assets acquired totaled approximately $ 211.8 million , including $ 169.3 million in cash , $ 24.3 million in fixed assets and $ 18.2 million of goodwill and intangible assets . we also assumed approximately $ 210.5 million of deposits associated with these branches . no deposit premium was paid and no loans were acquired in the transaction . our consolidated income statement includes the impact of the branch activity subsequent to our december 9 , 2011 acquisition . bankatlantic branch acquisition effective june 6 , 2011 , we acquired 19 branches in the greater tampa , florida area from bankatlantic , a subsidiary of bankatlantic bancorp , inc . the fair value of the assets acquired totaled $ 324.9 million , including $ 256.9 million in cash , $ 26.0 million in fixed assets and $ 42.0 million of goodwill and intangible assets . we also assumed approximately $ 324.5 million of deposits associated with these branches . a $ 39.0 million deposit premium was paid and no loans were acquired in the transaction . our consolidated income statement includes the impact of the branch activity subsequent to our june 6 , 2011 acquisition . sale of pnc global investment servicing on july 1 , 2010 , we sold pnc global investment servicing inc . ( gis ) , a leading provider of processing , technology and business intelligence services to asset managers , broker- dealers and financial advisors worldwide , for $ 2.3 billion in cash pursuant to a definitive agreement entered into on february 2 , 2010 . this transaction resulted in a pretax gain of $ 639 million , net of transaction costs , in the third quarter of 2010 . this gain and results of operations of gis through june 30 , 2010 are presented as income from discontinued operations , net of income taxes , on our consolidated income statement . as part of the sale agreement , pnc has agreed to provide certain transitional services on behalf of gis until completion of related systems conversion activities . 138 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: what would be the net income in 2011 if integration charges were not included?\nAnswer: 2953.0\nQuestion: what portion of total assets acquired are fixed assets?\n"
},
{
"role": "agent",
"content": "0.08002"
}
] |
CONVFINQA8839
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 significant changes from december 31 , 2008 to december 31 , 2009 in level 3 assets and liabilities are due to : a net decrease in trading securities of $ 10.8 billion that was driven by : 2022 net transfers of $ 6.5 billion , due mainly to the transfer of debt 2013 securities from level 3 to level 2 due to increased liquidity and pricing transparency ; and net settlements of $ 5.8 billion , due primarily to the liquidations of 2013 subprime securities of $ 4.1 billion . the change in net trading derivatives driven by : 2022 a net loss of $ 4.9 billion relating to complex derivative contracts , 2013 such as those linked to credit , equity and commodity exposures . these losses include both realized and unrealized losses during 2009 and are partially offset by gains recognized in instruments that have been classified in levels 1 and 2 ; and net increase in derivative assets of $ 4.3 billion , which includes cash 2013 settlements of derivative contracts in an unrealized loss position , notably those linked to subprime exposures . the decrease in level 3 investments of $ 6.9 billion primarily 2022 resulted from : a reduction of $ 5.0 billion , due mainly to paydowns on debt 2013 securities and sales of private equity investments ; the net transfer of investment securities from level 3 to level 2 2013 of $ 1.5 billion , due to increased availability of observable pricing inputs ; and net losses recognized of $ 0.4 billion due mainly to losses on non- 2013 marketable equity securities including write-downs on private equity investments . the decrease in securities sold under agreements to repurchase of 2022 $ 9.1 billion is driven by a $ 8.6 billion net transfers from level 3 to level 2 as effective maturity dates on structured repos have shortened . the decrease in long-term debt of $ 1.5 billion is driven mainly by 2022 $ 1.3 billion of net terminations of structured notes . transfers between level 1 and level 2 of the fair value hierarchy the company did not have any significant transfers of assets or liabilities between levels 1 and 2 of the fair value hierarchy during 2010 . items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above . these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment . in addition , these assets include loans held-for-sale that are measured at locom that were recognized at fair value below cost at the end of the period . the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices . such loans are generally classified as level 2 of the fair value hierarchy given the level of activity in the market and the frequency of available quotes . if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan . the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2010 and 2009 : in billions of dollars aggregate cost fair value level 2 level 3 . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>aggregate cost</td><td>fair value</td><td>level 2</td><td>level 3</td></tr><tr><td>2</td><td>december 31 2010</td><td>$ 3.1</td><td>$ 2.5</td><td>$ 0.7</td><td>$ 1.8</td></tr><tr><td>3</td><td>december 31 2009</td><td>$ 2.5</td><td>$ 1.6</td><td>$ 0.3</td><td>$ 1.3</td></tr></table> .\nQuestion: what was the total of loans held-for-sale that are carried at locom in 2010?\nAnswer: 2.5\nQuestion: and what was it in 2009?\nAnswer: 1.6\nQuestion: how much, then, did the 2010 total represent in relation to this 2009 one?\nAnswer: 1.5625\nQuestion: and what is this representation as a portion of the 2009 total?\n"
},
{
"role": "agent",
"content": "0.97656"
}
] |
CONVFINQA10283
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred . a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement . in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances . net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees . recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances . finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession . contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return . for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due . snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas . see note 3 for further information on receivables and allowances for doubtful accounts . other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>income taxes</td><td>$ 19.6</td><td>$ 11.7</td></tr><tr><td>3</td><td>accrued restructuring</td><td>7.2</td><td>8.4</td></tr><tr><td>4</td><td>accrued warranty</td><td>18.9</td><td>18.6</td></tr><tr><td>5</td><td>deferred subscription revenue</td><td>24.8</td><td>24.9</td></tr><tr><td>6</td><td>accrued property payroll and other tax</td><td>32.9</td><td>30.4</td></tr><tr><td>7</td><td>accrued selling and promotion expense</td><td>26.6</td><td>29.1</td></tr><tr><td>8</td><td>other</td><td>117.9</td><td>132.8</td></tr><tr><td>9</td><td>total other accrued liabilities</td><td>$ 247.9</td><td>$ 255.9</td></tr></table> inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable . snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions . allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use . as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle . cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances . should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required . snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s . locations . snap-on 2019s u.s . inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s . manufacturing facilities ( primarily hand tools and tool storage ) . as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions . see note 4 for further information on inventories . 72 snap-on incorporated .\nQuestion: what was the value of total other accrued liabilities in 2012?\nAnswer: 247.9\nQuestion: what was the value in 2011?\n"
},
{
"role": "agent",
"content": "255.9"
}
] |
CONVFINQA6682
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nissuer purchases of equity securities during the three months ended december 31 , 2007 , we repurchased 8895570 shares of our class a common stock for an aggregate of $ 385.1 million pursuant to the $ 1.5 billion stock repurchase program publicly announced in february 2007 , as follows : period total number of shares purchased ( 1 ) average price paid per share 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 ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>total number of shares purchased ( 1 )</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced plans or programs</td><td>approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions )</td></tr><tr><td>2</td><td>october 2007</td><td>3493426</td><td>$ 43.30</td><td>3493426</td><td>$ 449.9</td></tr><tr><td>3</td><td>november 2007</td><td>2891719</td><td>$ 44.16</td><td>2891719</td><td>$ 322.2</td></tr><tr><td>4</td><td>december 2007</td><td>2510425</td><td>$ 44.20</td><td>2510425</td><td>$ 216.2</td></tr><tr><td>5</td><td>total fourth quarter</td><td>8895570</td><td>$ 43.27</td><td>8895570</td><td>$ 216.2</td></tr></table> ( 1 ) issuer repurchases pursuant to the $ 1.5 billion stock repurchase program publicly announced in february 2007 . under this program , our management was authorized through february 2008 to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors . to facilitate repurchases , we typically made purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allow us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods . subsequent to december 31 , 2007 , we repurchased 4.3 million shares of our class a common stock for an aggregate of $ 163.7 million pursuant to this program . in february 2008 , our board of directors approved a new stock repurchase program , pursuant to which we are authorized to purchase up to an additional $ 1.5 billion of our class a common stock . purchases under this stock repurchase program are subject to us having available cash to fund repurchases , as further described in item 1a of this annual report under the caption 201crisk factors 2014we anticipate that we may need additional financing to fund our stock repurchase programs , to refinance our existing indebtedness and to fund future growth and expansion initiatives 201d and item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources . 201d .\nQuestion: what was the total number of shares purchased in 11/07?\nAnswer: 2891719.0\nQuestion: and the average price paid per share for that time?\nAnswer: 44.16\nQuestion: so what was the total amount paid for these shares?\nAnswer: 127698311.04\nQuestion: and converted to the hundreds?\n"
},
{
"role": "agent",
"content": "127.69831"
}
] |
CONVFINQA10886
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsecurity ownership of 5% ( 5 % ) holders , directors , nominees and executive officers shares of common stock percent of common stock name of beneficial owner beneficially owned ( 1 ) outstanding . <table class='wikitable'><tr><td>1</td><td>name of beneficial owner</td><td>shares of common stock beneficially owned ( 1 )</td><td>-</td><td>percent of common stock outstanding</td></tr><tr><td>2</td><td>fidelity investments</td><td>56583870</td><td>-2 ( 2 )</td><td>6.49% ( 6.49 % )</td></tr><tr><td>3</td><td>steven p . jobs</td><td>5546451</td><td>-</td><td>*</td></tr><tr><td>4</td><td>william v . campbell</td><td>112900</td><td>-3 ( 3 )</td><td>*</td></tr><tr><td>5</td><td>timothy d . cook</td><td>13327</td><td>-4 ( 4 )</td><td>*</td></tr><tr><td>6</td><td>millard s . drexler</td><td>230000</td><td>-5 ( 5 )</td><td>*</td></tr><tr><td>7</td><td>tony fadell</td><td>288702</td><td>-6 ( 6 )</td><td>*</td></tr><tr><td>8</td><td>albert a . gore jr .</td><td>70000</td><td>-7 ( 7 )</td><td>*</td></tr><tr><td>9</td><td>ronald b . johnson</td><td>1450620</td><td>-8 ( 8 )</td><td>*</td></tr><tr><td>10</td><td>arthur d . levinson</td><td>365015</td><td>-9 ( 9 )</td><td>*</td></tr><tr><td>11</td><td>peter oppenheimer</td><td>14873</td><td>-10 ( 10 )</td><td>*</td></tr><tr><td>12</td><td>eric e . schmidt</td><td>12284</td><td>-11 ( 11 )</td><td>*</td></tr><tr><td>13</td><td>jerome b . york</td><td>90000</td><td>-12 ( 12 )</td><td>*</td></tr><tr><td>14</td><td>all current executive officers and directors as a group ( 14 persons )</td><td>8352396</td><td>-13 ( 13 )</td><td>1.00% ( 1.00 % )</td></tr></table> all current executive officers and directors as a group ( 14 persons ) 8352396 ( 13 ) 1.00% ( 1.00 % ) ( 1 ) represents shares of the company 2019s common stock held and options held by such individuals that were exercisable at the table date or within 60 days thereafter . this does not include options or restricted stock units that vest more than 60 days after the table date . ( 2 ) based on a form 13g/a filed february 14 , 2007 by fmr corp . fmr corp . lists its address as 82 devonshire street , boston , ma 02109 , in such filing . ( 3 ) includes 110000 shares of the company 2019s common stock that mr . campbell has the right to acquire by exercise of stock options . ( 4 ) excludes 600000 unvested restricted stock units . ( 5 ) includes 40000 shares of the company 2019s common stock that mr . drexler holds indirectly and 190000 shares of the company 2019s common stock that mr . drexler has the right to acquire by exercise of stock options . ( 6 ) includes 275 shares of the company 2019s common stock that mr . fadell holds indirectly , 165875 shares of the company 2019s common stock that mr . fadell has the right to acquire by exercise of stock options within 60 days after the table date , 1157 shares of the company 2019s common stock held by mr . fadell 2019s spouse , and 117375 shares of the company 2019s common stock that mr . fadell 2019s spouse has the right to acquire by exercise of stock options within 60 days after the table date . excludes 210000 unvested restricted stock units held by mr . fadell and 40000 unvested restricted stock units held by mr . fadell 2019s spouse . ( 7 ) consists of 70000 shares of the company 2019s common stock that mr . gore has the right to acquire by exercise of stock options . ( 8 ) includes 1300000 shares of the company 2019s common stock that mr . johnson has the right to acquire by exercise of stock options and excludes 450000 unvested restricted stock units . ( 9 ) includes 2000 shares of the company 2019s common stock held by dr . levinson 2019s spouse and 110000 shares of the company 2019s common stock that dr . levinson has the right to acquire by exercise of stock options . ( 10 ) excludes 450000 unvested restricted stock units. .\nQuestion: what is the sum of total executive shares owned plus the unvested shares of mr. johnson?\nAnswer: 8802396.0\nQuestion: what are the total of unvested shares of mr. johnson?\n"
},
{
"role": "agent",
"content": "450000.0"
}
] |
CONVFINQA1193
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .\nQuestion: what was the total net interest income for the years of 2011 and 2012, combined?\nAnswer: 18340.0\nQuestion: and how many years are those?\n"
},
{
"role": "agent",
"content": "2.0"
}
] |
CONVFINQA8175
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ngain on land sales are derived from sales of undeveloped land owned by us . we pursue opportunities to dispose of land in markets with a high concentration of undeveloped land and in those markets where the land no longer meets our strategic development plans . the increase was partially attributable to a land sale to a current corporate tenant for potential future expansion . we recorded $ 424000 and $ 560000 of impairment charges associated with contracts to sell land parcels for the years ended december 31 , 2004 and 2003 , respectively . as of december 31 , 2004 , only one parcel on which we recorded impairment charges is still owned by us . we anticipate selling this parcel in the first quarter of 2005 . discontinued operations we have classified operations of 86 buildings as discontinued operations as of december 31 , 2004 . these 86 buildings consist of 69 industrial , 12 office and five retail properties . as a result , we classified net income from operations , net of minority interest , of $ 1.6 million , $ 6.3 million and $ 10.7 million as net income from discontinued operations for the years ended december 31 , 2004 , 2003 and 2002 , respectively . in addition , 41 of the properties classified in discontinued operations were sold during 2004 , 42 properties were sold during 2003 , two properties were sold during 2002 and one operating property is classified as held-for-sale at december 31 , 2004 . the gains on disposal of these properties , net of impairment adjustment and minority interest , of $ 23.9 million and $ 11.8 million for the years ended december 31 , 2004 and 2003 , respectively , are also reported in discontinued operations . for the year ended december 31 , 2002 , a $ 4.5 million loss on disposal of properties , net of impairment adjustments and minority interest , is reported in discontinued operations due to impairment charges of $ 7.7 million recorded on three properties in 2002 that were later sold in 2003 and 2004 . comparison of year ended december 31 , 2003 to year ended december 31 , 2002 rental income from continuing operations rental income from continuing operations increased from $ 652.8 million in 2002 to $ 689.3 million in 2003 . the following table reconciles rental income by reportable segment to our total reported rental income from continuing operations for the years ended december 31 , 2003 and 2002 ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>office</td><td>$ 419962</td><td>$ 393810</td></tr><tr><td>3</td><td>industrial</td><td>259762</td><td>250391</td></tr><tr><td>4</td><td>retail</td><td>5863</td><td>4733</td></tr><tr><td>5</td><td>other</td><td>3756</td><td>3893</td></tr><tr><td>6</td><td>total</td><td>$ 689343</td><td>$ 652827</td></tr></table> although our three reportable segments comprising rental operations ( office , industrial and retail ) are all within the real estate industry , they are not necessarily affected by the same economic and industry conditions . for example , our retail segment experienced high occupancies and strong overall performance during 2003 , while our office and industrial segments reflected the weaker economic environment for those property types . the primary causes of the increase in rental income from continuing operations , with specific references to a particular segment when applicable , are summarized below : 25cf during 2003 , in-service occupancy improved from 87.1% ( 87.1 % ) at the end of 2002 to 89.3% ( 89.3 % ) at the end of 2003 . the second half of 2003 was highlighted by a significant increase in the industrial portfolio occupancy of 2.1% ( 2.1 % ) along with a slight increase in office portfolio occupancy of 0.9% ( 0.9 % ) . 25cf lease termination fees totaled $ 27.4 million in 2002 compared to $ 16.2 million in 2003 . most of this decrease was attributable to the office segment , which recognized $ 21.1 million of termination fees in 2002 as compared to $ 11.8 million in 2003 . lease termination fees relate to specific tenants that pay a fee to terminate their lease obligations before the end of the contractual lease term . the high volume of termination fees in 2002 was reflective of the contraction of the business of large office users during that year and their desire to downsize their use of office space . the decrease in termination fees for 2003 was indicative of an improving economy and a more stable financial position of our tenants . 25cf during the year ended 2003 , we acquired $ 232 million of properties totaling 2.1 million square feet . the acquisitions were primarily class a office buildings in existing markets with overall occupancy near 90% ( 90 % ) . revenues associated with these acquisitions totaled $ 11.9 million in 2003 . in addition , revenues from 2002 acquisitions totaled $ 15.8 million in 2003 compared to $ 4.8 million in 2002 . this significant increase is primarily due to a large office acquisition that closed at the end of december 2002 . 25cf developments placed in-service in 2003 provided revenues of $ 6.6 million , while revenues associated with developments placed in-service in 2002 totaled $ 13.7 million in 2003 compared to $ 4.7 million in 25cf proceeds from dispositions of held for rental properties totaled $ 126.1 million in 2003 , compared to $ 40.9 million in 2002 . these properties generated revenue of $ 12.5 million in 2003 versus $ 19.6 million in 2002 . equity in earnings of unconsolidated companies equity in earnings represents our ownership share of net income from investments in unconsolidated companies . these joint ventures generally own and operate rental properties and hold land for development . these earnings decreased from $ 27.2 million in 2002 to $ 23.7 million in 2003 . this decrease is a result of the following significant activity: .\nQuestion: what are the lease termination fees in 2013?\nAnswer: 16.2\nQuestion: what is the rental income from continuing operations in 2013?\n"
},
{
"role": "agent",
"content": "689.3"
}
] |
CONVFINQA10378
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2014 and 2013 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 136098</td><td>$ 160468</td></tr><tr><td>3</td><td>gross increases in unrecognized tax benefits 2013 prior year tax positions</td><td>144</td><td>20244</td></tr><tr><td>4</td><td>gross increases in unrecognized tax benefits 2013 current year tax positions</td><td>18877</td><td>16777</td></tr><tr><td>5</td><td>settlements with taxing authorities</td><td>-995 ( 995 )</td><td>-55851 ( 55851 )</td></tr><tr><td>6</td><td>lapse of statute of limitations</td><td>-1630 ( 1630 )</td><td>-4066 ( 4066 )</td></tr><tr><td>7</td><td>foreign exchange gains and losses</td><td>-3646 ( 3646 )</td><td>-1474 ( 1474 )</td></tr><tr><td>8</td><td>ending balance</td><td>$ 148848</td><td>$ 136098</td></tr></table> as of november 28 , 2014 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 14.6 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are ireland , california and the u.s . for ireland , california and the u.s. , the earliest fiscal years open for examination are 2008 , 2008 and 2010 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in july 2013 , a u.s . income tax examination covering fiscal 2008 and 2009 was completed . our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable . we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million . note 10 . restructuring fiscal 2014 restructuring plan in the fourth quarter of fiscal 2014 , in order to better align our global resources for digital media and digital marketing , we initiated a restructuring plan to vacate our research and development facility in china and our sales and marketing facility in russia . this plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $ 18.8 million related to ongoing termination benefits for the positions eliminated . during fiscal 2015 , we intend to vacate both of these facilities . the amount accrued for the fair value of future contractual obligations under these operating leases was insignificant . other restructuring plans during the past several years , we have implemented other restructuring plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies . as of november 28 , 2014 , we considered our other restructuring plans to be substantially complete . we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant. .\nQuestion: what was the change in the total gross amount of unrecognized tax benefits from 2013 to 2014?\n"
},
{
"role": "agent",
"content": "12750.0"
}
] |
CONVFINQA1371
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconduit assets by asset origin . <table class='wikitable'><tr><td>1</td><td>( dollars in billions )</td><td>2008 amount</td><td>2008 percent of total conduit assets</td><td>2008 amount</td><td>percent of total conduit assets</td></tr><tr><td>2</td><td>united states</td><td>$ 11.09</td><td>46% ( 46 % )</td><td>$ 12.14</td><td>42% ( 42 % )</td></tr><tr><td>3</td><td>australia</td><td>4.30</td><td>17</td><td>6.10</td><td>21</td></tr><tr><td>4</td><td>great britain</td><td>1.97</td><td>8</td><td>2.93</td><td>10</td></tr><tr><td>5</td><td>spain</td><td>1.71</td><td>7</td><td>1.90</td><td>7</td></tr><tr><td>6</td><td>italy</td><td>1.66</td><td>7</td><td>1.86</td><td>7</td></tr><tr><td>7</td><td>portugal</td><td>0.62</td><td>3</td><td>0.70</td><td>2</td></tr><tr><td>8</td><td>germany</td><td>0.57</td><td>3</td><td>0.70</td><td>2</td></tr><tr><td>9</td><td>netherlands</td><td>0.40</td><td>2</td><td>0.55</td><td>2</td></tr><tr><td>10</td><td>belgium</td><td>0.29</td><td>1</td><td>0.31</td><td>1</td></tr><tr><td>11</td><td>greece</td><td>0.27</td><td>1</td><td>0.31</td><td>1</td></tr><tr><td>12</td><td>other</td><td>1.01</td><td>5</td><td>1.26</td><td>5</td></tr><tr><td>13</td><td>total conduit assets</td><td>$ 23.89</td><td>100% ( 100 % )</td><td>$ 28.76</td><td>100% ( 100 % )</td></tr></table> the conduits meet the definition of a vie , as defined by fin 46 ( r ) . we have determined that we are not the primary beneficiary of the conduits , as defined by fin 46 ( r ) , and do not record them in our consolidated financial statements . we hold no direct or indirect ownership interest in the conduits , but we provide subordinated financial support to them through contractual arrangements . standby letters of credit absorb certain actual credit losses from the conduit assets ; our commitment under these letters of credit totaled $ 1.00 billion and $ 1.04 billion at december 31 , 2008 and 2007 , respectively . liquidity asset purchase agreements provide liquidity to the conduits in the event they cannot place commercial paper in the ordinary course of their business ; these facilities , which require us to purchase assets from the conduits at par , would provide the needed liquidity to repay maturing commercial paper if there was a disruption in the asset-backed commercial paper market . the aggregate commitment under the liquidity asset purchase agreements was approximately $ 23.59 billion and $ 28.37 billion at december 31 , 2008 and 2007 , respectively . we did not accrue for any losses associated with either our commitment under the standby letters of credit or the liquidity asset purchase agreements in our consolidated statement of condition at december 31 , 2008 or 2007 . during the first quarter of 2008 , pursuant to the contractual terms of our liquidity asset purchase agreements with the conduits , we were required to purchase $ 850 million of conduit assets . the purchase was the result of various factors , including the continued illiquidity in the commercial paper markets . the securities were purchased at prices determined in accordance with existing contractual terms in the liquidity asset purchase agreements , and which exceeded their fair value . accordingly , during the first quarter of 2008 , the securities were written down to their fair value through a $ 12 million reduction of processing fees and other revenue in our consolidated statement of income , and are carried at fair value in securities available for sale in our consolidated statement of condition . none of our liquidity asset purchase agreements with the conduits were drawn upon during the remainder of 2008 , and no draw-downs on the standby letters of credit occurred during 2008 . the conduits generally sell commercial paper to independent third-party investors . however , we sometimes purchase commercial paper from the conduits . as of december 31 , 2008 , we held an aggregate of approximately $ 230 million of commercial paper issued by the conduits , and $ 2 million at december 31 , 2007 . in addition , approximately $ 5.70 billion of u.s . conduit-issued commercial paper had been sold to the cpff . the cpff is scheduled to expire on october 31 , 2009 . the weighted-average maturity of the conduits 2019 commercial paper in the aggregate was approximately 25 days as of december 31 , 2008 , compared to approximately 20 days as of december 31 , 2007 . each of the conduits has issued first-loss notes to independent third parties , which third parties absorb first- dollar losses related to credit risk . aggregate first-loss notes outstanding at december 31 , 2008 for the four conduits totaled $ 67 million , compared to $ 32 million at december 31 , 2007 . actual credit losses of the conduits .\nQuestion: what is the value of conduit assets in the united states in 2008?\nAnswer: 11.09\nQuestion: what is the value in 2007?\nAnswer: 12.14\nQuestion: what is the net change in value?\n"
},
{
"role": "agent",
"content": "-1.05"
}
] |
CONVFINQA10001
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperiod . the discount reflects our incremental borrowing rate , which matches the lifetime of the liability . significant changes in the discount rate selected or the estimations of sublease income in the case of leases could impact the amounts recorded . other associated costs with restructuring activities we recognize other costs associated with restructuring activities as they are incurred , including moving costs and consulting and legal fees . pensions we sponsor defined benefit pension plans throughout the world . our most significant plans are located in the u.s. , the u.k. , the netherlands and canada . our significant u.s. , u.k . and canadian pension plans are closed to new entrants . we have ceased crediting future benefits relating to salary and service for our u.s. , u.k . and canadian plans . recognition of gains and losses and prior service certain changes in the value of the obligation and in the value of plan assets , which may occur due to various factors such as changes in the discount rate and actuarial assumptions , actual demographic experience and/or plan asset performance are not immediately recognized in net income . such changes are recognized in other comprehensive income and are amortized into net income as part of the net periodic benefit cost . unrecognized gains and losses that have been deferred in other comprehensive income , as previously described , are amortized into compensation and benefits expense as a component of periodic pension expense based on the average expected future service of active employees for our plans in the netherlands and canada , or the average life expectancy of the u.s . and u.k . plan members . after the effective date of the plan amendments to cease crediting future benefits relating to service , unrecognized gains and losses are also be based on the average life expectancy of members in the canadian plans . we amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses . as of december 31 , 2013 , our pension plans have deferred losses that have not yet been recognized through income in the consolidated financial statements . we amortize unrecognized actuarial losses outside of a corridor , which is defined as 10% ( 10 % ) of the greater of market-related value of plan assets or projected benefit obligation . to the extent not offset by future gains , incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized . the following table discloses our combined experience loss , the number of years over which we are amortizing the experience loss , and the estimated 2014 amortization of loss by country ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.k .</td><td>u.s .</td><td>other</td></tr><tr><td>2</td><td>combined experience loss</td><td>$ 2012</td><td>$ 1219</td><td>$ 402</td></tr><tr><td>3</td><td>amortization period ( in years )</td><td>29</td><td>26</td><td>11 - 23</td></tr><tr><td>4</td><td>estimated 2014 amortization of loss</td><td>$ 53</td><td>$ 44</td><td>$ 10</td></tr></table> the unrecognized prior service cost at december 31 , 2013 was $ 27 million in the u.k . and other plans . for the u.s . pension plans we use a market-related valuation of assets approach to determine the expected return on assets , which is a component of net periodic benefit cost recognized in the consolidated statements of income . this approach recognizes 20% ( 20 % ) of any gains or losses in the current year's value of market-related assets , with the remaining 80% ( 80 % ) spread over the next four years . as this approach recognizes gains or losses over a five-year period , the future value of assets and therefore , our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded . as of december 31 , 2013 , the market-related value of assets was $ 1.8 billion . we do not use the market-related valuation approach to determine the funded status of the u.s . plans recorded in the consolidated statements of financial position . instead , we record and present the funded status in the consolidated statements of financial position based on the fair value of the plan assets . as of december 31 , 2013 , the fair value of plan assets was $ 1.9 billion . our non-u.s . plans use fair value to determine expected return on assets. .\nQuestion: what was the experience loss in uk?\nAnswer: 2012.0\nQuestion: what was the experience loss in us?\nAnswer: 1219.0\nQuestion: what is the sum of the uk and us?\n"
},
{
"role": "agent",
"content": "3231.0"
}
] |
CONVFINQA9918
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsist of first and second liens , the charge-off amounts for the pool are proportionate to the composition of first and second liens in the pool . our experience has been that the ratio of first to second lien loans has been consistent over time and is appropriately represented in our pools used for roll-rate calculations . generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20 year amortization term . during the draw period , we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest . based upon outstanding balances at december 31 , 2012 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . table 39 : home equity lines of credit 2013 draw period end in millions interest product principal interest product . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>interestonlyproduct</td><td>principalandinterestproduct</td></tr><tr><td>2</td><td>2013</td><td>$ 1338</td><td>$ 221</td></tr><tr><td>3</td><td>2014</td><td>2048</td><td>475</td></tr><tr><td>4</td><td>2015</td><td>2024</td><td>654</td></tr><tr><td>5</td><td>2016</td><td>1571</td><td>504</td></tr><tr><td>6</td><td>2017</td><td>3075</td><td>697</td></tr><tr><td>7</td><td>2018 and thereafter</td><td>5497</td><td>4825</td></tr><tr><td>8</td><td>total ( a )</td><td>$ 15553</td><td>$ 7376</td></tr></table> ( a ) includes approximately $ 166 million , $ 208 million , $ 213 million , $ 61 million , $ 70 million and $ 526 million of home equity lines of credit with balloon payments with draw periods scheduled to end in 2013 , 2014 , 2015 , 2016 , 2017 and 2018 and thereafter , respectively . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . based upon outstanding balances , and excluding purchased impaired loans , at december 31 , 2012 , for home equity lines of credit for which the borrower can no longer draw ( e.g. , draw period has ended or borrowing privileges have been terminated ) , approximately 3.86% ( 3.86 % ) were 30-89 days past due and approximately 5.96% ( 5.96 % ) were greater than or equal to 90 days past due . generally , when a borrower becomes 60 days past due , we terminate borrowing privileges , and those privileges are not subsequently reinstated . at that point , we continue our collection/recovery processes , which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr . see note 5 asset quality in the notes to consolidated financial statements in item 8 of this report for additional information . loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure , where appropriate . initially , a borrower is evaluated for a modification under a government program . if a borrower does not qualify under a government program , the borrower is then evaluated under a pnc program . our programs utilize both temporary and permanent modifications and typically reduce the interest rate , extend the term and/or defer principal . temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs . further , certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs . additional detail on tdrs is discussed below as well as in note 5 asset quality in the notes to consolidated financial statements in item 8 of this report . a temporary modification , with a term between three and 60 months , involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date . a permanent modification , with a term greater than 60 months , is a modification in which the terms of the original loan are changed . permanent modifications primarily include the government-created home affordable modification program ( hamp ) or pnc-developed hamp-like modification programs . for consumer loan programs , such as residential mortgages and home equity loans and lines , we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance . examples of this situation often include delinquency due to illness or death in the family , or a loss of employment . permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount , but our expectation is that payments at lower amounts can be made . residential mortgage and home equity loans and lines have been modified with changes in terms for up to 60 months , although the majority involve periods of three to 24 months . we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses . the following tables provide the number of accounts and unpaid principal balance of modified consumer real estate related loans as well as the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months , nine months , twelve months and fifteen months after the modification date . the pnc financial services group , inc . 2013 form 10-k 91 .\nQuestion: what percentage of the total of the interest only products home equity lines of credit draw periods is represented by the ones scheduled to end in 2017?\nAnswer: 0.19771\nQuestion: and what is the value of the interest only products home equity lines that are scheduled to end in 2015?\nAnswer: 1338.0\nQuestion: what is that for 2014?\nAnswer: 2048.0\nQuestion: what is, then, the total value of the interest only products home equity lines of credit draw periods scheduled to end in both years combined?\nAnswer: 3386.0\nQuestion: including 2013, what then becomes this total value?\nAnswer: 5410.0\nQuestion: and what is the average between those three years?\n"
},
{
"role": "agent",
"content": "1803.33333"
}
] |
CONVFINQA10867
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 fair value of incentive/performance unit share and restricted stock/unit awards in 2011?\nAnswer: 52.0\nQuestion: and what was it in 2010?\nAnswer: 39.0\nQuestion: what was, then, the change over the year?\nAnswer: 91.0\nQuestion: what was the total fair value of incentive/performance unit share and restricted stock/unit awards in 2010?\nAnswer: 39.0\nQuestion: and how much does that change represent in relation to this 2010 fair value, in percentage?\n"
},
{
"role": "agent",
"content": "2.33333"
}
] |
CONVFINQA8618
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 8 2013 debt our long-term debt consisted of the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042</td><td>$ 5642</td><td>$ 5308</td></tr><tr><td>3</td><td>notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2013 to 2036</td><td>1080</td><td>1239</td></tr><tr><td>4</td><td>other debt</td><td>478</td><td>19</td></tr><tr><td>5</td><td>total long-term debt</td><td>7200</td><td>6966</td></tr><tr><td>6</td><td>less : unamortized discounts</td><td>-892 ( 892 )</td><td>-506 ( 506 )</td></tr><tr><td>7</td><td>total long-term debt net of unamortized discounts</td><td>6308</td><td>6460</td></tr><tr><td>8</td><td>less : current maturities of long-term debt</td><td>-150 ( 150 )</td><td>2014</td></tr><tr><td>9</td><td>total long-term debt net</td><td>$ 6158</td><td>$ 6460</td></tr></table> in december 2012 , we issued notes totaling $ 1.3 billion with a fixed interest rate of 4.07% ( 4.07 % ) maturing in december 2042 ( the new notes ) in exchange for outstanding notes totaling $ 1.2 billion with interest rates ranging from 5.50% ( 5.50 % ) to 8.50% ( 8.50 % ) maturing in 2023 to 2040 ( the old notes ) . in connection with the exchange , we paid a premium of $ 393 million , of which $ 225 million was paid in cash and $ 168 million was in the form of new notes . this premium , in addition to $ 194 million in remaining unamortized discounts related to the old notes , will be amortized as additional interest expense over the term of the new notes using the effective interest method . we may , at our option , redeem some or all of the new notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest . interest on the new notes is payable on june 15 and december 15 of each year , beginning on june 15 , 2013 . the new notes are unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness . on september 9 , 2011 , we issued $ 2.0 billion of long-term notes in a registered public offering consisting of $ 500 million maturing in 2016 with a fixed interest rate of 2.13% ( 2.13 % ) , $ 900 million maturing in 2021 with a fixed interest rate of 3.35% ( 3.35 % ) , and $ 600 million maturing in 2041 with a fixed interest rate of 4.85% ( 4.85 % ) . we may , at our option , redeem some or all of the notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest . interest on the notes is payable on march 15 and september 15 of each year , beginning on march 15 , 2012 . in october 2011 , we used a portion of the proceeds to redeem all of our $ 500 million long-term notes maturing in 2013 . in 2011 , we repurchased $ 84 million of our long-term notes through open-market purchases . we paid premiums of $ 48 million in connection with the early extinguishments of debt , which were recognized in other non-operating income ( expense ) , net . in august 2011 , we entered into a $ 1.5 billion revolving credit facility with a group of banks and terminated our existing $ 1.5 billion revolving credit facility that was to expire in june 2012 . the credit facility expires august 2016 , and we may request and the banks may grant , at their discretion , an increase to the credit facility by an additional amount up to $ 500 million . there were no borrowings outstanding under either facility through december 31 , 2012 . borrowings under the credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the credit facility . each bank 2019s obligation to make loans under the credit facility is subject to , among other things , our compliance with various representations , warranties and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the credit facility . the leverage ratio covenant excludes the adjustments recognized in stockholders 2019 equity related to postretirement benefit plans . as of december 31 , 2012 , we were in compliance with all covenants contained in the credit facility , as well as in our debt agreements . we have agreements in place with banking institutions to provide for the issuance of commercial paper . there were no commercial paper borrowings outstanding during 2012 or 2011 . if we were to issue commercial paper , the borrowings would be supported by the credit facility . during the next five years , we have scheduled long-term debt maturities of $ 150 million due in 2013 and $ 952 million due in 2016 . interest payments were $ 378 million in 2012 , $ 326 million in 2011 , and $ 337 million in 2010. .\nQuestion: what is the interest payment in 2012?\n"
},
{
"role": "agent",
"content": "378.0"
}
] |
CONVFINQA10067
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 81805 common stockholders of record as of january 31 , 2016 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2015 . the graph and table assume that $ 100 was invested on december 31 , 2010 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials . <table class='wikitable'><tr><td>1</td><td>date</td><td>citi</td><td>s&p 500</td><td>s&p financials</td></tr><tr><td>2</td><td>31-dec-2010</td><td>100.00</td><td>100.00</td><td>100.00</td></tr><tr><td>3</td><td>30-dec-2011</td><td>55.67</td><td>102.11</td><td>82.94</td></tr><tr><td>4</td><td>31-dec-2012</td><td>83.81</td><td>118.45</td><td>106.84</td></tr><tr><td>5</td><td>31-dec-2013</td><td>110.49</td><td>156.82</td><td>144.90</td></tr><tr><td>6</td><td>31-dec-2014</td><td>114.83</td><td>178.28</td><td>166.93</td></tr><tr><td>7</td><td>31-dec-2015</td><td>110.14</td><td>180.75</td><td>164.39</td></tr></table> .\nQuestion: what was the value of citi at the end of 2015?\nAnswer: 110.14\nQuestion: what was the net change of the value of citi in 2015 less a $100 initial investment?\n"
},
{
"role": "agent",
"content": "10.14"
}
] |
CONVFINQA10595
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) market and lease the unused tower space on the broadcast towers ( the economic rights ) . tv azteca retains title to these towers and is responsible for their operation and maintenance . the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants . the term of the economic rights agreement is seventy years ; however , tv azteca has the right to purchase , at fair market value , the economic rights from the company at any time during the last fifty years of the agreement . should tv azteca elect to purchase the economic rights ( in whole or in part ) , it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election . the company 2019s obligation to pay tv azteca $ 1.5 million annually would also be reduced proportionally . the company has accounted for the annual payment of $ 1.5 million as a capital lease ( initially recording an asset and a corresponding liability of approximately $ 18.6 million ) . the capital lease asset and the discount on the note , which aggregate approximately $ 30.2 million , represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement . on a quarterly basis , the company assesses the recoverability of its note receivable from tv azteca . as of december 31 , 2007 and 2006 , the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required . a former executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006 . as of december 31 , 2007 and 2006 , the company also had other long-term notes receivable outstanding of approximately $ 4.3 million and $ 11.0 million , respectively . 8 . derivative financial instruments the company enters into interest rate protection agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments . under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract . such exposure was limited to the current value of the contract at the time the counterparty fails to perform . the company believes its contracts as of december 31 , 2007 and 2006 are with credit worthy institutions . as of december 31 , 2007 and 2006 , the carrying amounts of the company 2019s derivative financial instruments , along with the estimated fair values of the related assets reflected in notes receivable and other long-term assets and ( liabilities ) reflected in other long-term liabilities in the accompanying consolidated balance sheet , are as follows ( in thousands except percentages ) : as of december 31 , 2007 notional amount interest rate term carrying amount and fair value . <table class='wikitable'><tr><td>1</td><td>as of december 31 2007</td><td>notional amount</td><td>interest rate</td><td>term</td><td>carrying amount and fair value</td></tr><tr><td>2</td><td>interest rate swap agreement</td><td>$ 150000</td><td>3.95% ( 3.95 % )</td><td>expiring in 2009</td><td>$ -369 ( 369 )</td></tr><tr><td>3</td><td>interest rate swap agreement</td><td>100000</td><td>4.08% ( 4.08 % )</td><td>expiring in 2010</td><td>-571 ( 571 )</td></tr><tr><td>4</td><td>total</td><td>$ 250000</td><td>-</td><td>-</td><td>$ -940 ( 940 )</td></tr></table> .\nQuestion: what is the net change in the balance of other long-term notes receivable during 2007?\nAnswer: 6.7\nQuestion: what is the effect in cash flow from this change?\n"
},
{
"role": "agent",
"content": "-6.7"
}
] |
CONVFINQA1655
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 total of sales inducements deferred for the years of 2010 and 2011, combined, in millions?\nAnswer: 51.0\nQuestion: including 2009, what becomes this total?\nAnswer: 110.0\nQuestion: and what is the average between the three years, in millions?\nAnswer: 36.66667\nQuestion: and between the last two years of that period, what was the change in the balance of deferred sales?\n"
},
{
"role": "agent",
"content": "21.0"
}
] |
CONVFINQA9105
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 | 39 outstanding under the commercial paper program . the maximum combined borrowing at any time under both the 2017 credit agreement and the commercial paper program is $ 3 billion . if market conditions were to change and our revenue was reduced significantly or operating costs were to increase , our cash flows and liquidity could be reduced . additionally , it could cause the rating agencies to lower our credit rating . there are no ratings triggers that would accelerate the maturity of any borrowings under our committed credit facility . however , a downgrade in our credit ratings could increase the cost of borrowings under the credit facility and could also limit or preclude our ability to issue commercial paper . should this occur , we could seek alternative sources of funding , including borrowing under the credit facility . during the year ended december 31 , 2018 , we used cash to fund a variety of activities including certain working capital needs and restructuring costs , capital expenditures , the repayment of debt , payment of dividends , distributions to ge and share repurchases . we believe that cash on hand , cash flows generated from operations and the available credit facility will provide sufficient liquidity to manage our global cash needs . cash flows cash flows provided by ( used in ) each type of activity were as follows for the years ended december 31: . <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>operating activities</td><td>$ 1762</td><td>$ -799 ( 799 )</td><td>$ 262</td></tr><tr><td>3</td><td>investing activities</td><td>-578 ( 578 )</td><td>-4123 ( 4123 )</td><td>-472 ( 472 )</td></tr><tr><td>4</td><td>financing activities</td><td>-4363 ( 4363 )</td><td>10919</td><td>-102 ( 102 )</td></tr></table> operating activities our largest source of operating cash is payments from customers , of which the largest component is collecting cash related to product or services sales including advance payments or progress collections for work to be performed . the primary use of operating cash is to pay our suppliers , employees , tax authorities and others for a wide range of material and services . cash flows from operating activities generated cash of $ 1762 million and used cash of $ 799 million for the years ended december 31 , 2018 and 2017 , respectively . cash flows from operating activities increased $ 2561 million in 2018 primarily driven by better operating performance . these cash inflows were supported by strong working capital cash flows , especially in the fourth quarter of 2018 , including approximately $ 300 million for a progress collection payment from a customer . included in our cash flows from operating activities for 2018 and 2017 are payments of $ 473 million and $ 612 million , respectively , made primarily for employee severance as a result of our restructuring activities and merger and related costs . cash flows from operating activities used $ 799 million and generated $ 262 million for the years ended december 31 , 2017 and 2016 , respectively . cash flows from operating activities decreased $ 1061 million in 2017 primarily driven by a $ 1201 million negative impact from ending our receivables monetization program in the fourth quarter , and restructuring related payments throughout the year . these cash outflows were partially offset by strong working capital cash flows , especially in the fourth quarter of 2017 . included in our cash flows from operating activities for 2017 and 2016 are payments of $ 612 million and $ 177 million , respectively , made for employee severance as a result of our restructuring activities and merger and related costs . investing activities cash flows from investing activities used cash of $ 578 million , $ 4123 million and $ 472 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . our principal recurring investing activity is the funding of capital expenditures to ensure that we have the appropriate levels and types of machinery and equipment in place to generate revenue from operations . expenditures for capital assets totaled $ 995 million , $ 665 million and $ 424 million for 2018 , 2017 and 2016 , respectively , partially offset by cash flows from the sale of property , plant and equipment of $ 458 million , $ 172 million and $ 20 million in 2018 , 2017 and 2016 , respectively . proceeds from the disposal of assets related primarily .\nQuestion: what is the sum of cash provided by operating activities and used by investing activities in 2008?\nAnswer: 1184.0\nQuestion: what is the sum including cash used in financing activities?\n"
},
{
"role": "agent",
"content": "-3179.0"
}
] |
CONVFINQA10790
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmasco corporation notes to consolidated financial statements ( continued ) t . other commitments and contingencies litigation . we are subject to claims , charges , litigation and other proceedings in the ordinary course of our business , including those arising from or related to contractual matters , intellectual property , personal injury , environmental matters , product liability , construction defect , insurance coverage , personnel and employment disputes and other matters , including class actions . we believe we have adequate defenses in these matters and that the outcome of these matters is not likely to have a material adverse effect on us . however , there is no assurance that we will prevail in these matters , and we could in the future incur judgments , enter into settlements of claims or revise our expectations regarding the outcome of these matters , which could materially impact our results of operations . in july 2012 , the company reached a settlement agreement related to the columbus drywall litigation . the company and its insulation installation companies named in the suit agreed to pay $ 75 million in return for dismissal with prejudice and full release of all claims . the company and its insulation installation companies continue to deny that the challenged conduct was unlawful and admit no wrongdoing as part of the settlement . a settlement was reached to eliminate the considerable expense and uncertainty of this lawsuit . the company recorded the settlement expense in the second quarter of 2012 and the amount was paid in the fourth quarter of 2012 . warranty . at the time of sale , the company accrues a warranty liability for the estimated cost to provide products , parts or services to repair or replace products in satisfaction of warranty obligations . during the third quarter of 2012 , a business in the other specialty products segment recorded a $ 12 million increase in expected future warranty claims resulting from the completion of an analysis prepared by the company based upon its periodic assessment of recent business unit specific operating trends including , among others , home ownership demographics , sales volumes , manufacturing quality , an analysis of recent warranty claim activity and an estimate of current costs to service anticipated claims . changes in the company 2019s warranty liability were as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 102</td><td>$ 107</td></tr><tr><td>3</td><td>accruals for warranties issued during the year</td><td>42</td><td>28</td></tr><tr><td>4</td><td>accruals related to pre-existing warranties</td><td>16</td><td>8</td></tr><tr><td>5</td><td>settlements made ( in cash or kind ) during the year</td><td>-38 ( 38 )</td><td>-38 ( 38 )</td></tr><tr><td>6</td><td>other net ( including currency translation )</td><td>-4 ( 4 )</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>balance at december 31</td><td>$ 118</td><td>$ 102</td></tr></table> investments . with respect to the company 2019s investments in private equity funds , the company had , at december 31 , 2012 , commitments to contribute up to $ 19 million of additional capital to such funds representing the company 2019s aggregate capital commitment to such funds less capital contributions made to date . the company is contractually obligated to make additional capital contributions to certain of its private equity funds upon receipt of a capital call from the private equity fund . the company has no control over when or if the capital calls will occur . capital calls are funded in cash and generally result in an increase in the carrying value of the company 2019s investment in the private equity fund when paid. .\nQuestion: what is the balance in company 2019s warranty liability at the end of 2012?\nAnswer: 118.0\nQuestion: what about at the end of 2011?\n"
},
{
"role": "agent",
"content": "102.0"
}
] |
CONVFINQA8788
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents research and development expense ( 201cr&d 201d ) r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 . this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities . also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard . although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in 2010 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to make further investments in r&d to remain competitive . r&d expense increased 20% ( 20 % ) or $ 224 million to $ 1.3 billion in 2009 compared to 2008 . this increase was due primarily to an increase in headcount in 2009 to support expanded r&d activities and higher stock-based compensation expenses . additionally , $ 71 million of software development costs were capitalized related to mac os x snow leopard and excluded from r&d expense during 2009 , compared to $ 11 million of software development costs capitalized during 2008 . although total r&d expense increased 20% ( 20 % ) during 2009 , it remained relatively flat as a percentage of net sales given the 14% ( 14 % ) increase in revenue in 2009 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 . this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased stock-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . sg&a expenses increased $ 388 million or 10% ( 10 % ) to $ 4.1 billion in 2009 compared to 2008 . this increase was due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , higher stock-based compensation expense and higher spending on marketing and advertising . other income and expense other income and expense for the three years ended september 25 , 2010 , are as follows ( in millions ) : total other income and expense decreased $ 171 million or 52% ( 52 % ) to $ 155 million during 2010 compared to $ 326 million and $ 620 million in 2009 and 2008 , respectively . the overall decrease in other income and expense is attributable to the significant declines in interest rates on a year- over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.75% ( 0.75 % ) , 1.43% ( 1.43 % ) and 3.44% ( 3.44 % ) during 2010 , 2009 and 2008 , respectively . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . during 2010 , 2009 and 2008 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 24% ( 24 % ) , 32% ( 32 % ) and 32% ( 32 % ) for 2010 , 2009 and 2008 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of 35% ( 35 % ) due . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>interest income</td><td>$ 311</td><td>$ 407</td><td>$ 653</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>-156 ( 156 )</td><td>-81 ( 81 )</td><td>-33 ( 33 )</td></tr><tr><td>4</td><td>total other income and expense</td><td>$ 155</td><td>$ 326</td><td>$ 620</td></tr></table> .\nQuestion: what was the total sum of the effective tax rates in the years of 2009 and 2010?\nAnswer: 56.0\nQuestion: including the year of 2008, what becomes this sum?\nAnswer: 88.0\nQuestion: and what is the average effective tax rate between the three years?\nAnswer: 29.33333\nQuestion: and between the first two years of this period, what was the decline in the total other income and expense?\n"
},
{
"role": "agent",
"content": "294.0"
}
] |
CONVFINQA2441
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhumana inc . notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 . cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively . total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years . restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant . compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant . the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively . activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted average grant-date fair value</td></tr><tr><td>2</td><td>nonvested restricted stock at december 31 2006</td><td>1107455</td><td>$ 45.86</td></tr><tr><td>3</td><td>granted</td><td>852353</td><td>63.59</td></tr><tr><td>4</td><td>vested</td><td>-51206 ( 51206 )</td><td>56.93</td></tr><tr><td>5</td><td>forfeited</td><td>-63624 ( 63624 )</td><td>49.65</td></tr><tr><td>6</td><td>nonvested restricted stock at december 31 2007</td><td>1844978</td><td>$ 53.61</td></tr></table> the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively . total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years . there are no other contractual terms covering restricted stock awards once vested. .\nQuestion: in the year of 2007, what was the number of granted shares?\nAnswer: 852353.0\nQuestion: and what was it for vested ones?\nAnswer: 51206.0\nQuestion: how much, then, did the granted number represent in relation to the vested one?\nAnswer: 16.64557\nQuestion: and in that same year, what was the fair value of these vested shares, in millions?\nAnswer: 3.4\nQuestion: what was it for 2005?\nAnswer: 0.6\nQuestion: what was, then, the total combined fair value for both years, in millions?\n"
},
{
"role": "agent",
"content": "4.0"
}
] |
CONVFINQA6639
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 may 26 , 2019 , we expect to pay approximately $ 2.0 million of unrecognized tax benefit liabilities and accrued interest within the next 12 months . we are not able to reasonably estimate the timing of future cash flows beyond 12 months due to uncertainties in the timing of tax audit outcomes . the remaining amount of our unrecognized tax liability was classified in other liabilities . we report accrued interest and penalties related to unrecognized tax benefit liabilities in income tax expense . for fiscal 2019 , we recognized $ 0.5 million of tax-related net interest and penalties , and had $ 26.0 million of accrued interest and penalties as of may 26 , 2019 . for fiscal 2018 , we recognized a net benefit of $ 3.1 million of tax-related net interest and penalties , and had $ 27.3 million of accrued interest and penalties as of may 27 , 2018 . note 15 . leases , other commitments , and contingencies our leases are generally for warehouse space and equipment . rent expense under all operating leases from continuing operations was $ 184.9 million in fiscal 2019 , $ 189.4 million in fiscal 2018 , and $ 188.1 million in fiscal 2017 . some operating leases require payment of property taxes , insurance , and maintenance costs in addition to the rent payments . contingent and escalation rent in excess of minimum rent payments and sublease income netted in rent expense were insignificant . noncancelable future lease commitments are : in millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>operating leases</td><td>capital leases</td></tr><tr><td>2</td><td>fiscal 2020</td><td>$ 120.0</td><td>$ 0.2</td></tr><tr><td>3</td><td>fiscal 2021</td><td>101.7</td><td>0.1</td></tr><tr><td>4</td><td>fiscal 2022</td><td>85.0</td><td>-</td></tr><tr><td>5</td><td>fiscal 2023</td><td>63.8</td><td>-</td></tr><tr><td>6</td><td>fiscal 2024</td><td>49.1</td><td>-</td></tr><tr><td>7</td><td>after fiscal 2024</td><td>63.0</td><td>-</td></tr><tr><td>8</td><td>total noncancelable future lease commitments</td><td>$ 482.6</td><td>$ 0.3</td></tr><tr><td>9</td><td>less : interest</td><td>-</td><td>-</td></tr><tr><td>10</td><td>present value of obligations under capitalleases</td><td>-</td><td>$ 0.3</td></tr></table> depreciation on capital leases is recorded as depreciation expense in our results of operations . as of may 26 , 2019 , we have issued guarantees and comfort letters of $ 681.6 million for the debt and other obligations of consolidated subsidiaries , and guarantees and comfort letters of $ 133.9 million for the debt and other obligations of non-consolidated affiliates , mainly cpw . in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 482.6 million as of may 26 , 2019 . note 16 . business segment and geographic information we operate in the packaged foods industry . our operating segments are as follows : north america retail ; convenience stores & foodservice ; europe & australia ; asia & latin america ; and pet . our north america retail operating segment reflects business with a wide variety of grocery stores , mass merchandisers , membership stores , natural food chains , drug , dollar and discount chains , and e-commerce grocery providers . our product categories in this business segment are ready-to-eat cereals , refrigerated yogurt , soup , meal kits , refrigerated and frozen dough products , dessert and baking mixes , frozen pizza and pizza snacks , grain , fruit and savory snacks , and a wide variety of organic products including refrigerated yogurt , nutrition bars , meal kits , salty snacks , ready-to-eat cereal , and grain snacks. .\nQuestion: in 2019, what was the rent expense for all operating leases from continuing operations?\nAnswer: 188.1\nQuestion: and what was it for 2018?\n"
},
{
"role": "agent",
"content": "189.4"
}
] |
CONVFINQA3619
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no . 148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no . 123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no . 123 . the company continues to use accounting principles board opinion no . 25 ( apb no . 25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of sfas no . 148 . in accordance with apb no . 25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock . the company 2019s stock option plans are more fully described in note 13 . in december 2004 , the fasb issued sfas no . 123r , 201cshare-based payment 201d ( sfas no . 123r ) , described below . the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no . 123 ( as amended ) to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net loss as reported</td><td>$ -247587 ( 247587 )</td><td>$ -325321 ( 325321 )</td><td>$ -1163540 ( 1163540 )</td></tr><tr><td>3</td><td>add : stock-based employee compensation expense associated with modifications net of related tax effect included in net loss asreported</td><td>2297</td><td>2077</td><td>-</td></tr><tr><td>4</td><td>less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect</td><td>-23906 ( 23906 )</td><td>-31156 ( 31156 )</td><td>-38126 ( 38126 )</td></tr><tr><td>5</td><td>pro-forma net loss</td><td>$ -269196 ( 269196 )</td><td>$ -354400 ( 354400 )</td><td>$ -1201666 ( 1201666 )</td></tr><tr><td>6</td><td>basic and diluted net loss per share 2014as reported</td><td>$ -1.10 ( 1.10 )</td><td>$ -1.56 ( 1.56 )</td><td>$ -5.95 ( 5.95 )</td></tr><tr><td>7</td><td>basic and diluted net loss per share pro-forma</td><td>$ -1.20 ( 1.20 )</td><td>$ -1.70 ( 1.70 )</td><td>$ -6.15 ( 6.15 )</td></tr></table> during the year ended december 31 , 2004 and 2003 , the company modified certain option awards to accelerate vesting and recorded charges of $ 3.0 million and $ 2.3 million , respectively , and corresponding increases to additional paid in capital in the accompanying consolidated financial statements . fair value of financial instruments 2014the carrying values of the company 2019s financial instruments , with the exception of long-term obligations , including current portion , reasonably approximate the related fair values as of december 31 , 2004 and 2003 . as of december 31 , 2004 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.3 billion and $ 3.6 billion , respectively . as of december 31 , 2003 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.4 billion and $ 3.6 billion , respectively . fair values are based primarily on quoted market prices for those or similar instruments . retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements . under the plan , the company matching contribution for periods prior to june 30 , 2004 was 35% ( 35 % ) up to a maximum 5% ( 5 % ) of a participant 2019s contributions . effective july 1 , 2004 , the plan was amended to increase the company match to 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions . the company contributed approximately $ 533000 , $ 825000 and $ 979000 to the plan for the years ended december 31 , 2004 , 2003 and 2002 , respectively . recent accounting pronouncements 2014in december 2004 , the fasb issued sfas no . 123r , which is a revision of sfas no . 123 , 201caccounting for stock-based compensation , 201d and supersedes apb no . 25 , accounting for .\nQuestion: what was the difference in 401(k) contribution between 2003 and 2004?\n"
},
{
"role": "agent",
"content": "-292000.0"
}
] |
CONVFINQA2558
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadvance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. . <table class='wikitable'><tr><td>1</td><td>allowance for doubtful accounts receivable:</td><td>balance atbeginningof period</td><td>charges toexpenses</td><td>deductions</td><td>-</td><td>balance atend ofperiod</td></tr><tr><td>2</td><td>january 3 2015</td><td>$ 13295</td><td>$ 17182</td><td>$ -14325 ( 14325 )</td><td>-1 ( 1 )</td><td>$ 16152</td></tr><tr><td>3</td><td>january 2 2016</td><td>16152</td><td>22067</td><td>-12461 ( 12461 )</td><td>-1 ( 1 )</td><td>25758</td></tr><tr><td>4</td><td>december 31 2016</td><td>25758</td><td>24597</td><td>-21191 ( 21191 )</td><td>-1 ( 1 )</td><td>29164</td></tr></table> advance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .\nQuestion: what was the balance for doubtful accounts receivables at the end of 2016?\nAnswer: 29164.0\nQuestion: what was the balance at the end of 2015?\nAnswer: 13295.0\nQuestion: what is the net change in value?\n"
},
{
"role": "agent",
"content": "15869.0"
}
] |
CONVFINQA7215
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 102 jpmorgan chase & co./2016 annual report derivative contracts in the normal course of business , the firm uses derivative instruments predominantly for market-making activities . derivatives enable customers to manage exposures to fluctuations in interest rates , currencies and other markets . the firm also uses derivative instruments to manage its own credit and other market risk exposure . the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed . for otc derivatives the firm is exposed to the credit risk of the derivative counterparty . for exchange- traded derivatives ( 201cetd 201d ) , such as futures and options and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp . where possible , the firm seeks to mitigate its credit risk exposures arising from derivative transactions through the use of legally enforceable master netting arrangements and collateral agreements . for further discussion of derivative contracts , counterparties and settlement types , see note 6 . the following table summarizes the net derivative receivables for the periods presented . derivative receivables . <table class='wikitable'><tr><td>1</td><td>december 31 ( in millions )</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>interest rate</td><td>$ 28302</td><td>$ 26363</td></tr><tr><td>3</td><td>credit derivatives</td><td>1294</td><td>1423</td></tr><tr><td>4</td><td>foreign exchange</td><td>23271</td><td>17177</td></tr><tr><td>5</td><td>equity</td><td>4939</td><td>5529</td></tr><tr><td>6</td><td>commodity</td><td>6272</td><td>9185</td></tr><tr><td>7</td><td>total net of cash collateral</td><td>64078</td><td>59677</td></tr><tr><td>8</td><td>liquid securities and other cash collateral held against derivative receivables ( a )</td><td>-22705 ( 22705 )</td><td>-16580 ( 16580 )</td></tr><tr><td>9</td><td>total net of all collateral</td><td>$ 41373</td><td>$ 43097</td></tr></table> ( a ) includes collateral related to derivative instruments where an appropriate legal opinion has not been either sought or obtained . derivative receivables reported on the consolidated balance sheets were $ 64.1 billion and $ 59.7 billion at december 31 , 2016 and 2015 , respectively . these amounts represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm . however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s . government and agency securities and other group of seven nations ( 201cg7 201d ) government bonds ) and other cash collateral held by the firm aggregating $ 22.7 billion and $ 16.6 billion at december 31 , 2016 and 2015 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor . the change in derivative receivables was predominantly related to client-driven market-making activities in cib . the increase in derivative receivables reflected the impact of market movements , which increased foreign exchange receivables , partially offset by reduced commodity derivative receivables . in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date . although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative transactions move in the firm 2019s favor . the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit . for additional information on the firm 2019s use of collateral agreements , see note 6 . while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure . to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) . these measures all incorporate netting and collateral benefits , where applicable . peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction . peak is the primary measure used by the firm for setting of credit limits for derivative transactions , senior management reporting and derivatives exposure management . dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures . dre is a less extreme measure of potential credit loss than peak and is used for aggregating derivative credit risk exposures with loans and other credit risk . finally , avg is a measure of the expected fair value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral . avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the cva , as further described below . the three year avg exposure was $ 31.1 billion and $ 32.4 billion at december 31 , 2016 and 2015 , respectively , compared with derivative receivables , net of all collateral , of $ 41.4 billion and $ 43.1 billion at december 31 , 2016 and 2015 , respectively . the fair value of the firm 2019s derivative receivables incorporates an adjustment , the cva , to reflect the credit quality of counterparties . the cva is based on the firm 2019s avg to a counterparty and the counterparty 2019s credit spread in the credit derivatives market . the primary components of changes in cva are credit spreads , new deal activity or unwinds , and changes in the underlying market environment . the firm believes that active risk management is essential to controlling the dynamic credit .\nQuestion: what was the foreign exchange amount in 2016?\n"
},
{
"role": "agent",
"content": "23271.0"
}
] |
CONVFINQA4571
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ngoodwill and intangible asset impairment charge during the third quarter of fiscal year 2017 , we determined that the goodwill and indefinite-lived intangible assets ( primarily acquired trade names ) associated with our latin america reporting unit of our industrial gases 2013 americas segment were impaired . we recorded a noncash impairment charge of $ 162.1 ( $ 154.1 attributable to air products , after-tax , or $ .70 per share ) , which was driven by lower economic growth and profitability in the region . this impairment charge has been excluded from segment results . refer to note 10 , goodwill , and note 11 , intangible assets , to the consolidated financial statements for additional information . other income ( expense ) , net items recorded to \"other income ( expense ) , net\" arise from transactions and events not directly related to our principal income earning activities . the detail of \"other income ( expense ) , net\" is presented in note 23 , supplemental information , to the consolidated financial statements . 2018 vs . 2017 other income ( expense ) , net of $ 50.2 decreased $ 70.8 , primarily due to lower income from the transition services agreements with versum and evonik , lower income from the sale of assets and investments , lower favorable contract settlements , and an unfavorable foreign exchange impact . 2017 vs . 2016 other income ( expense ) , net of $ 121.0 increased $ 71.6 , primarily due to income from transition services agreements with versum and evonik , income from the sale of assets and investments , including a gain of $ 12.2 ( $ 7.6 after-tax , or $ .03 per share ) resulting from the sale of a parcel of land , and a favorable foreign exchange impact . interest expense . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>interest incurred</td><td>$ 150.0</td><td>$ 139.6</td><td>$ 147.9</td></tr><tr><td>3</td><td>less : capitalized interest</td><td>19.5</td><td>19.0</td><td>32.7</td></tr><tr><td>4</td><td>interest expense</td><td>$ 130.5</td><td>$ 120.6</td><td>$ 115.2</td></tr></table> 2018 vs . 2017 interest incurred increased $ 10.4 as project financing associated with the lu'an joint venture and a higher average interest rate on the debt portfolio were partially offset by the impact from a lower average debt balance . the change in capitalized interest was driven by an increase in the carrying value of projects under construction . 2017 vs . 2016 interest incurred decreased $ 8.3 as the impact from a lower average debt balance of $ 26 was partially offset by the impact from a higher average interest rate on the debt portfolio of $ 19 . the change in capitalized interest was driven by a decrease in the carrying value of projects under construction , primarily as a result of our decision to exit from the efw business . other non-operating income ( expense ) , net 2018 vs . 2017 other non-operating income ( expense ) , net of $ 5.1 decreased $ 11.5 . during the fourth quarter of fiscal year 2018 , we recognized a pension settlement loss of $ 43.7 ( $ 33.2 after-tax , or $ .15 per share ) that primarily resulted from the transfer of certain pension payment obligations to an insurer for our u.s . salaried and hourly plans through the purchase of an irrevocable , nonparticipating group annuity contract with plan assets . for additional information , refer to note 16 , retirement benefits , to the consolidated financial statements . this loss was partially offset by higher interest income on cash and cash items and short-term investments and lower other non-service pension expense . the prior year pension expense included a settlement loss of $ 10.5 ( $ 6.6 after-tax , or $ .03 per share ) associated with the u.s . supplementary pension plan and a settlement benefit of $ 2.3 related to the disposition of emd and pmd. .\nQuestion: what is the quotient of 2018 interest expense over 2017?\nAnswer: 1.08209\nQuestion: what is that value less 1?\n"
},
{
"role": "agent",
"content": "0.08209"
}
] |
CONVFINQA6074
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 selling costs increased $ 25.0 million to $ 94.6 million in 2010 from $ 69.6 million in 2009 . this increase was primarily due to higher personnel and other costs incurred for the continued expansion of our direct to consumer distribution channel and higher selling personnel costs , including increased expenses for our performance incentive plan as compared to the prior year . as a percentage of net revenues , selling costs increased to 8.9% ( 8.9 % ) in 2010 from 8.1% ( 8.1 % ) in 2009 primarily due to higher personnel and other costs incurred for the continued expansion of our factory house stores . 2022 product innovation and supply chain costs increased $ 25.0 million to $ 96.8 million in 2010 from $ 71.8 million in 2009 primarily due to higher personnel costs for the design and sourcing of our expanding apparel , footwear and accessories lines and higher distribution facilities operating and personnel costs as compared to the prior year to support our growth in net revenues . in addition , we incurred higher expenses for our performance incentive plan as compared to the prior year . as a percentage of net revenues , product innovation and supply chain costs increased to 9.1% ( 9.1 % ) in 2010 from 8.4% ( 8.4 % ) in 2009 primarily due to the items noted above . 2022 corporate services costs increased $ 24.0 million to $ 98.6 million in 2010 from $ 74.6 million in 2009 . this increase was attributable primarily to higher corporate facility costs , information technology initiatives and corporate personnel costs , including increased expenses for our performance incentive plan as compared to the prior year . as a percentage of net revenues , corporate services costs increased to 9.3% ( 9.3 % ) in 2010 from 8.7% ( 8.7 % ) in 2009 primarily due to the items noted above . income from operations increased $ 27.1 million , or 31.8% ( 31.8 % ) , to $ 112.4 million in 2010 from $ 85.3 million in 2009 . income from operations as a percentage of net revenues increased to 10.6% ( 10.6 % ) in 2010 from 10.0% ( 10.0 % ) in 2009 . this increase was a result of the items discussed above . interest expense , net remained unchanged at $ 2.3 million in 2010 and 2009 . other expense , net increased $ 0.7 million to $ 1.2 million in 2010 from $ 0.5 million in 2009 . the increase in 2010 was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in the euro and canadian dollar and our derivative financial instruments as compared to 2009 . provision for income taxes increased $ 4.8 million to $ 40.4 million in 2010 from $ 35.6 million in 2009 . our effective tax rate was 37.1% ( 37.1 % ) in 2010 compared to 43.2% ( 43.2 % ) in 2009 , primarily due to tax planning strategies and federal and state tax credits reducing the effective tax rate , partially offset by a valuation allowance recorded against our foreign net operating loss carryforward . segment results of operations year ended december 31 , 2011 compared to year ended december 31 , 2010 net revenues by geographic region are summarized below: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2011</td><td>year ended december 31 , 2010</td><td>year ended december 31 , $ change</td><td>year ended december 31 , % ( % ) change</td></tr><tr><td>2</td><td>north america</td><td>$ 1383346</td><td>$ 997816</td><td>$ 385530</td><td>38.6% ( 38.6 % )</td></tr><tr><td>3</td><td>other foreign countries</td><td>89338</td><td>66111</td><td>23227</td><td>35.1</td></tr><tr><td>4</td><td>total net revenues</td><td>$ 1472684</td><td>$ 1063927</td><td>$ 408757</td><td>38.4% ( 38.4 % )</td></tr></table> net revenues in our north american operating segment increased $ 385.5 million to $ 1383.3 million in 2011 from $ 997.8 million in 2010 primarily due to the items discussed above in the consolidated results of operations . net revenues in other foreign countries increased by $ 23.2 million to $ 89.3 million in 2011 from $ 66.1 million in 2010 primarily due to footwear shipments to our dome licensee , as well as unit sales growth to our distributors in our latin american operating segment. .\nQuestion: what is the increase in provision for income taxes?\nAnswer: 4.8\nQuestion: what was the provision for income taxes in 2009?\nAnswer: 35.6\nQuestion: what percentage change does this represent?\nAnswer: 0.13483\nQuestion: what is the total revenue generated by north america in 2011?\nAnswer: 1383346.0\nQuestion: what about the total revenues?\nAnswer: 1472684.0\nQuestion: what portion does north america represent?\n"
},
{
"role": "agent",
"content": "0.93934"
}
] |
CONVFINQA4810
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 under the regulatory framework for prompt corrective action applicable to gs bank usa , in order to meet the quantitative requirements for being a 201cwell-capitalized 201d depository institution , gs bank usa is required to maintain a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) and a tier 1 leverage ratio of at least 5% ( 5 % ) . gs bank usa agreed with the federal reserve board to maintain minimum capital ratios in excess of these 201cwell- capitalized 201d levels . accordingly , for a period of time , gs bank usa is expected to maintain a tier 1 capital ratio of at least 8% ( 8 % ) , a total capital ratio of at least 11% ( 11 % ) and a tier 1 leverage ratio of at least 6% ( 6 % ) . as noted in the table below , gs bank usa was in compliance with these minimum capital requirements as of december 2013 and december 2012 . the table below presents information regarding gs bank usa 2019s regulatory capital ratios under basel i , as implemented by the federal reserve board . the information as of december 2013 reflects the revised market risk regulatory capital requirements , which became effective on january 1 , 2013 . 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>$ 20086</td><td>$ 20704</td></tr><tr><td>3</td><td>tier 2 capital</td><td>$ 116</td><td>$ 39</td></tr><tr><td>4</td><td>total capital</td><td>$ 20202</td><td>$ 20743</td></tr><tr><td>5</td><td>risk-weighted assets</td><td>$ 134935</td><td>$ 109669</td></tr><tr><td>6</td><td>tier 1 capital ratio</td><td>14.9% ( 14.9 % )</td><td>18.9% ( 18.9 % )</td></tr><tr><td>7</td><td>total capital ratio</td><td>15.0% ( 15.0 % )</td><td>18.9% ( 18.9 % )</td></tr><tr><td>8</td><td>tier 1 leverage ratio</td><td>16.9% ( 16.9 % )</td><td>17.6% ( 17.6 % )</td></tr></table> the revised capital framework described above is also applicable to gs bank usa , which is an advanced approach banking organization under this framework . gs bank usa has also been informed by the federal reserve board that it has completed a satisfactory parallel run , as required of advanced approach banking organizations under the revised capital framework , and therefore changes to its calculations of rwas will take effect beginning with the second quarter of 2014 . under the revised capital framework , as of january 1 , 2014 , gs bank usa became subject to a new minimum cet1 ratio requirement of 4% ( 4 % ) , increasing to 4.5% ( 4.5 % ) in 2015 . in addition , the revised capital framework changes the standards for 201cwell-capitalized 201d status under prompt corrective action regulations beginning january 1 , 2015 by , among other things , introducing a cet1 ratio requirement of 6.5% ( 6.5 % ) and increasing the tier 1 capital ratio requirement from 6% ( 6 % ) to 8% ( 8 % ) . in addition , commencing january 1 , 2018 , advanced approach banking organizations must have a supplementary leverage ratio of 3% ( 3 % ) or greater . the basel committee published its final guidelines for calculating incremental capital requirements for domestic systemically important banking institutions ( d-sibs ) . these guidelines are complementary to the framework outlined above for g-sibs . the impact of these guidelines on the regulatory capital requirements of gs bank usa will depend on how they are implemented by the banking regulators in the united states . the deposits of gs bank usa are insured by the fdic to the extent provided by law . the federal reserve board requires depository institutions to maintain cash reserves with a federal reserve bank . the amount deposited by the firm 2019s depository institution held at the federal reserve bank was approximately $ 50.39 billion and $ 58.67 billion as of december 2013 and december 2012 , respectively , which exceeded required reserve amounts by $ 50.29 billion and $ 58.59 billion as of december 2013 and december 2012 , respectively . transactions between gs bank usa and its subsidiaries and group inc . and its subsidiaries and affiliates ( other than , generally , subsidiaries of gs bank usa ) are regulated by the federal reserve board . these regulations generally limit the types and amounts of transactions ( including credit extensions from gs bank usa ) that may take place and generally require those transactions to be on market terms or better to gs bank usa . the firm 2019s principal non-u.s . bank subsidiary , gsib , is a wholly-owned credit institution , regulated by the prudential regulation authority ( pra ) and the financial conduct authority ( fca ) and is subject to minimum capital requirements . as of december 2013 and december 2012 , gsib was in compliance with all regulatory capital requirements . goldman sachs 2013 annual report 193 .\nQuestion: what is 8% divided by 100?\n"
},
{
"role": "agent",
"content": "0.0008"
}
] |
CONVFINQA4695
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfair value of financial instruments : the company 2019s financial instruments include cash and cash equivalents , marketable securities , accounts receivable , certain investments , accounts payable , borrowings , and derivative contracts . the fair values of cash and cash equivalents , accounts receivable , accounts payable , and short-term borrowings and current portion of long-term debt approximated carrying values because of the short-term nature of these instruments . available-for-sale marketable securities and investments , in addition to certain derivative instruments , are recorded at fair values as indicated in the preceding disclosures . for its long-term debt the company utilized third-party quotes to estimate fair values ( classified as level 2 ) . information with respect to the carrying amounts and estimated fair values of these financial instruments follow: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>december 31 2012 carrying value</td><td>december 31 2012 fair value</td><td>december 31 2012 carrying value</td><td>fair value</td></tr><tr><td>2</td><td>long-term debt excluding current portion</td><td>$ 4916</td><td>$ 5363</td><td>$ 4484</td><td>$ 5002</td></tr></table> the fair values reflected above consider the terms of the related debt absent the impacts of derivative/hedging activity . the carrying amount of long-term debt referenced above is impacted by certain fixed-to-floating interest rate swaps that are designated as fair value hedges and by the designation of fixed rate eurobond securities issued by the company as hedging instruments of the company 2019s net investment in its european subsidiaries . 3m 2019s fixed-rate bonds were trading at a premium at december 31 , 2012 and 2011 due to the low interest rates and tightening of 3m 2019s credit spreads. .\nQuestion: what was the carrying value of long-term debt excluding current portion at the end of 2012?\n"
},
{
"role": "agent",
"content": "4916.0"
}
] |
CONVFINQA9646
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nuntil the hedged transaction is recognized in earnings . changes in the fair value of the derivatives that are attributable to the ineffective portion of the hedges , or of derivatives that are not considered to be highly effective hedges , if any , are immediately recognized in earnings . the aggregate notional amount of our outstanding foreign currency hedges at december 31 , 2012 and 2011 was $ 1.3 billion and $ 1.7 billion . the aggregate notional amount of our outstanding interest rate swaps at december 31 , 2012 and 2011 was $ 503 million and $ 450 million . derivative instruments did not have a material impact on net earnings and comprehensive income during 2012 , 2011 , and 2010 . substantially all of our derivatives are designated for hedge accounting . see note 15 for more information on the fair value measurements related to our derivative instruments . stock-based compensation 2013 compensation cost related to all share-based payments including stock options and restricted stock units is measured at the grant date based on the estimated fair value of the award . we generally recognize the compensation cost ratably over a three-year vesting period . income taxes 2013 we periodically assess our tax filing exposures related to periods that are open to examination . based on the latest available information , we evaluate our tax positions to determine whether the position will more likely than not be sustained upon examination by the internal revenue service ( irs ) . if we cannot reach a more-likely-than-not determination , no benefit is recorded . if we determine that the tax position is more likely than not to be sustained , we record the largest amount of benefit that is more likely than not to be realized when the tax position is settled . we record interest and penalties related to income taxes as a component of income tax expense on our statements of earnings . interest and penalties are not material . accumulated other comprehensive loss 2013 changes in the balance of accumulated other comprehensive loss , net of income taxes , consisted of the following ( in millions ) : postretirement benefit plan adjustments other , net accumulated comprehensive . <table class='wikitable'><tr><td>1</td><td>-</td><td>postretirement benefit plan adjustments</td><td>other net</td><td>accumulated other comprehensive loss</td></tr><tr><td>2</td><td>balance at january 1 2010</td><td>$ -8564 ( 8564 )</td><td>$ -31 ( 31 )</td><td>$ -8595 ( 8595 )</td></tr><tr><td>3</td><td>other comprehensive ( loss ) income</td><td>-430 ( 430 )</td><td>15</td><td>-415 ( 415 )</td></tr><tr><td>4</td><td>balance at december 31 2010</td><td>-8994 ( 8994 )</td><td>-16 ( 16 )</td><td>-9010 ( 9010 )</td></tr><tr><td>5</td><td>other comprehensive loss</td><td>-2192 ( 2192 )</td><td>-55 ( 55 )</td><td>-2247 ( 2247 )</td></tr><tr><td>6</td><td>balance at december 31 2011</td><td>-11186 ( 11186 )</td><td>-71 ( 71 )</td><td>-11257 ( 11257 )</td></tr><tr><td>7</td><td>other comprehensive ( loss ) income</td><td>-2346 ( 2346 )</td><td>110</td><td>-2236 ( 2236 )</td></tr><tr><td>8</td><td>balance at december 31 2012</td><td>$ -13532 ( 13532 )</td><td>$ 39</td><td>$ -13493 ( 13493 )</td></tr></table> the postretirement benefit plan adjustments are shown net of tax benefits at december 31 , 2012 , 2011 , and 2010 of $ 7.4 billion , $ 6.1 billion , and $ 4.9 billion . these tax benefits include amounts recognized on our income tax returns as current deductions and deferred income taxes , which will be recognized on our tax returns in future years . see note 7 and note 9 for more information on our income taxes and postretirement plans . recent accounting pronouncements 2013 effective january 1 , 2012 , we retrospectively adopted new guidance issued by the financial accounting standards board by presenting total comprehensive income and the components of net income and other comprehensive loss in two separate but consecutive statements . the adoption of this guidance resulted only in a change in how we present other comprehensive loss in our consolidated financial statements and did not have any impact on our results of operations , financial position , or cash flows. .\nQuestion: what was the value of post retirement benefit plan adjustments at the end of 2010?\n"
},
{
"role": "agent",
"content": "8994.0"
}
] |
CONVFINQA9974
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.88</td><td>$ 107.87</td><td>$ 158.07</td><td>$ 171.77</td><td>$ 160.61</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 102.11</td><td>$ 118.43</td><td>$ 156.77</td><td>$ 178.22</td><td>$ 180.67</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 100.01</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.08</td><td>$ 158.23</td></tr></table> .\nQuestion: what is the difference between the united parcel service inc. share price of 12/31/2015 and that of 12/31/2010?\nAnswer: 60.61\nQuestion: how much does that difference represents in relation to the united parcel service inc. share price of 12/31/2010?\nAnswer: 0.6061\nQuestion: what is the standard & poor 2019s 500 index of 12/31/2015?\nAnswer: 180.67\nQuestion: what is the difference between that and that of 12/31/2010?\nAnswer: 80.67\nQuestion: how much does that difference represents in relation to the standard & poor 2019s 500 index of 12/31/2010?\n"
},
{
"role": "agent",
"content": "0.8067"
}
] |
CONVFINQA9479
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 breakdown of aes 2019s gross margin for the years ended december 31 , 2000 and 1999 , based on the geographic region in which they were earned , is set forth below. . <table class='wikitable'><tr><td>1</td><td>north america</td><td>2000 $ 844 million</td><td>% ( % ) of revenue 25% ( 25 % )</td><td>1999 $ 649 million</td><td>% ( % ) of revenue 32% ( 32 % )</td><td>% ( % ) change 30% ( 30 % )</td></tr><tr><td>2</td><td>south america</td><td>$ 416 million</td><td>36% ( 36 % )</td><td>$ 232 million</td><td>28% ( 28 % )</td><td>79% ( 79 % )</td></tr><tr><td>3</td><td>caribbean*</td><td>$ 226 million</td><td>21% ( 21 % )</td><td>$ 75 million</td><td>24% ( 24 % )</td><td>201% ( 201 % )</td></tr><tr><td>4</td><td>europe/africa</td><td>$ 371 million</td><td>29% ( 29 % )</td><td>$ 124 million</td><td>29% ( 29 % )</td><td>199% ( 199 % )</td></tr><tr><td>5</td><td>asia</td><td>$ 138 million</td><td>22% ( 22 % )</td><td>$ 183 million</td><td>37% ( 37 % )</td><td>( 26% ( 26 % ) )</td></tr></table> * includes venezuela and colombia . selling , general and administrative expenses selling , general and administrative expenses increased $ 11 million , or 15% ( 15 % ) , to $ 82 million in 2000 from $ 71 million in 1999 . selling , general and administrative expenses as a percentage of revenues remained constant at 1% ( 1 % ) in both 2000 and 1999 . the increase is due to an increase in business development activities . interest expense , net net interest expense increased $ 506 million , or 80% ( 80 % ) , to $ 1.1 billion in 2000 from $ 632 million in 1999 . interest expense as a percentage of revenues remained constant at 15% ( 15 % ) in both 2000 and 1999 . interest expense increased primarily due to the interest at new businesses , including drax , tiete , cilcorp and edc , as well as additional corporate interest costs resulting from the senior debt and convertible securities issued within the past two years . other income , net other income increased $ 16 million , or 107% ( 107 % ) , to $ 31 million in 2000 from $ 15 million in 1999 . other income includes foreign currency transaction gains and losses as well as other non-operating income . the increase in other income is due primarily to a favorable legal judgment and the sale of development projects . severance and transaction costs during the fourth quarter of 2000 , the company incurred approximately $ 79 million of transaction and contractual severance costs related to the acquisition of ipalco . gain on sale of assets during 2000 , ipalco sold certain assets ( 2018 2018thermal assets 2019 2019 ) for approximately $ 162 million . the transaction resulted in a gain to the company of approximately $ 31 million . of the net proceeds , $ 88 million was used to retire debt specifically assignable to the thermal assets . during 1999 , the company recorded a $ 29 million gain ( before extraordinary loss ) from the buyout of its long-term power sales agreement at placerita . the company received gross proceeds of $ 110 million which were offset by transaction related costs of $ 19 million and an impairment loss of $ 62 million to reduce the carrying value of the electric generation assets to their estimated fair value after termination of the contract . the estimated fair value was determined by an independent appraisal . concurrent with the buyout of the power sales agreement , the company repaid the related non-recourse debt prior to its scheduled maturity and recorded an extraordinary loss of $ 11 million , net of income taxes. .\nQuestion: what is the south america percent of revenue 25%?\nAnswer: 0.36\nQuestion: what is the south america percent of revenue 32%\n"
},
{
"role": "agent",
"content": "0.28"
}
] |
CONVFINQA8399
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 further presents total net 201ceconomic 201d investment exposure , net of deferred compensation investments and hedged investments , to reflect another gauge for investors as the economic impact of investments held pursuant to deferred compensation arrangements is substantially offset by a change in compensation expense and the impact of hedged investments is substantially mitigated by total return swap hedges . carried interest capital allocations are excluded as there is no impact to blackrock 2019s stockholders 2019 equity until such amounts are realized as performance fees . finally , the company 2019s regulatory investment in federal reserve bank stock , which is not subject to market or interest rate risk , is excluded from the company 2019s net economic investment exposure . ( dollar amounts in millions ) december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>december 31 2012</td><td>december 31 2011</td></tr><tr><td>2</td><td>total investments gaap</td><td>$ 1750</td><td>$ 1631</td></tr><tr><td>3</td><td>investments held by consolidated sponsored investmentfunds ( 1 )</td><td>-524 ( 524 )</td><td>-587 ( 587 )</td></tr><tr><td>4</td><td>net exposure to consolidated investment funds</td><td>430</td><td>475</td></tr><tr><td>5</td><td>total investments as adjusted</td><td>1656</td><td>1519</td></tr><tr><td>6</td><td>federal reserve bank stock ( 2 )</td><td>-89 ( 89 )</td><td>-328 ( 328 )</td></tr><tr><td>7</td><td>carried interest</td><td>-85 ( 85 )</td><td>-21 ( 21 )</td></tr><tr><td>8</td><td>deferred compensation investments</td><td>-62 ( 62 )</td><td>-65 ( 65 )</td></tr><tr><td>9</td><td>hedged investments</td><td>-209 ( 209 )</td><td>-43 ( 43 )</td></tr><tr><td>10</td><td>total 201ceconomic 201d investment exposure</td><td>$ 1211</td><td>$ 1062</td></tr></table> total 201ceconomic 201d investment exposure . . . $ 1211 $ 1062 ( 1 ) at december 31 , 2012 and december 31 , 2011 , approximately $ 524 million and $ 587 million , respectively , of blackrock 2019s total gaap investments were maintained in sponsored investment funds that were deemed to be controlled by blackrock in accordance with gaap , and , therefore , are consolidated even though blackrock may not economically own a majority of such funds . ( 2 ) the decrease of $ 239 million related to a lower holding requirement of federal reserve bank stock held by blackrock institutional trust company , n.a . ( 201cbtc 201d ) . total investments , as adjusted , at december 31 , 2012 increased $ 137 million from december 31 , 2011 , resulting from $ 765 million of purchases/capital contributions , $ 185 million from positive market valuations and earnings from equity method investments , and $ 64 million from net additional carried interest capital allocations , partially offset by $ 742 million of sales/maturities and $ 135 million of distributions representing return of capital and return on investments. .\nQuestion: what is the value of total 201ceconomic 201d investment exposure in 2012?\nAnswer: 1211.0\nQuestion: what is the value in 2011?\n"
},
{
"role": "agent",
"content": "1062.0"
}
] |
CONVFINQA13
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 change in the performance of the united parcel service inc . from 2004 to 2009?\nAnswer: -24.05\nQuestion: and how much does this change represent in relation to that performance in 2004, in percentage?\n"
},
{
"role": "agent",
"content": "-0.2405"
}
] |
CONVFINQA10031
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 . inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( \"lifo\" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 . under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years . the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth . accordingly , the cost to replace inventory is less than the lifo balances carried for similar product . as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 . the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( \"fifo\" ) method . core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor . additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods . the company capitalizes certain purchasing and warehousing costs into inventory . purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively . inventories consist of the following : december 30 , december 31 , 2006 2005 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 30 2006</td><td>december 31 2005</td></tr><tr><td>2</td><td>inventories at fifo net</td><td>$ 1380573</td><td>$ 1294310</td></tr><tr><td>3</td><td>adjustments to state inventories at lifo</td><td>82767</td><td>72789</td></tr><tr><td>4</td><td>inventories at lifo net</td><td>$ 1463340</td><td>$ 1367099</td></tr></table> replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 . inventory quantities are tracked through a perpetual inventory system . the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory . the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program . the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions . the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit . the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs . the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively . 9 . property and equipment : property and equipment are stated at cost , less accumulated depreciation . expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized . when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations . depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .\nQuestion: what was the reduction of sales in 2006?\nAnswer: 9978.0\nQuestion: what was the reduction in sales in 2004?\nAnswer: 11212.0\nQuestion: what is the sum of these values?\n"
},
{
"role": "agent",
"content": "21190.0"
}
] |
CONVFINQA2163
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndetermined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system . as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 . of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation . the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 . this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards . the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates . net operating losses in canada have various carryforward periods and began expiring in 2007 . net operating losses in germany have no expiration date . net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 . however , these losses are not available for use under the new ietu tax regulations in mexico . as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards . the company adopted the provisions of fin 48 effective january 1 , 2007 . fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements . fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition . as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million . in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities . liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2007 ( in $ millions )</td></tr><tr><td>2</td><td>balance as of january 1 2007</td><td>193</td></tr><tr><td>3</td><td>increases in tax positions for the current year</td><td>2</td></tr><tr><td>4</td><td>increases in tax positions for prior years</td><td>28</td></tr><tr><td>5</td><td>decreases in tax positions of prior years</td><td>-21 ( 21 )</td></tr><tr><td>6</td><td>settlements</td><td>-2 ( 2 )</td></tr><tr><td>7</td><td>balance as of december 31 2007</td><td>200</td></tr></table> included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate . the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes . as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties . this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 . the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore . examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 . during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 . the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million . the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .\nQuestion: what was the balance of unrecognized tax benefits at the end of 2007?\nAnswer: 200.0\nQuestion: what was the balance at the start of 2007?\n"
},
{
"role": "agent",
"content": "193.0"
}
] |
CONVFINQA4434
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2013 . we elected to use the step 1 quantitative assessment for our three reporting units 2014digital media , digital marketing and print and publishing 2014and determined that there was no impairment of goodwill . there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2013 , 2012 or 2011 . our intangible assets are amortized over their estimated useful lives of 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>6</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>8</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>8</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not. .\nQuestion: what is the sum value of trademarks and acquired right to use technology?\n"
},
{
"role": "agent",
"content": "16.0"
}
] |
CONVFINQA8814
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 change in net revenue that was due the net gas revenue adjustment and the volume/weather adjustment, combined, in millions?\nAnswer: -7.6\nQuestion: and what was the total in other adjustments, also in millions?\n"
},
{
"role": "agent",
"content": "-8.1"
}
] |
CONVFINQA7713
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 recoverability of goodwill is measured at the reporting unit level and begins with a qualitative assessment to determine if it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test prescribed by gaap . for those reporting units where it is required , the first step compares the carrying amount of the reporting unit to its estimated fair value . if the estimated fair value of a reporting unit exceeds its carrying amount , goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary . to the extent that the carrying value of the reporting unit exceeds its estimated fair value , a second step is performed , wherein the reporting unit's carrying value of goodwill is compared to the implied fair value of goodwill . to the extent that the carrying value exceeds the implied fair value , impairment exists and must be recognized . the calculation of estimated fair value is based on two valuation techniques , a discounted cash flow model ( income approach ) and a market adjusted multiple of earnings and revenues ( market approach ) , with each method being weighted in the calculation . the implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination . the estimated fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit ( including any unrecognized intangible assets ) as if the reporting unit had been acquired in a business combination and the fair value of the reporting unit , as determined in the first step of the goodwill impairment test , was the price paid to acquire that reporting unit . recoverability of other intangible assets with indefinite useful lives ( i.e . trademarks ) is determined on a relief from royalty methodology ( income approach ) , which is based on the implied royalty paid , at an appropriate discount rate , to license the use of an asset rather than owning the asset . the present value of the after-tax cost savings ( i.e . royalty relief ) indicates the estimated fair value of the asset . any excess of the carrying value over the estimated fair value is recognized as an impairment loss equal to that excess . intangible assets such as patents , customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives . the weighted-average useful lives approximate the following: . <table class='wikitable'><tr><td>1</td><td>customer relationships</td><td>25</td><td>years</td></tr><tr><td>2</td><td>trademarks</td><td>25</td><td>years</td></tr><tr><td>3</td><td>completed technology/patents</td><td>10</td><td>years</td></tr><tr><td>4</td><td>other</td><td>25</td><td>years</td></tr></table> recoverability of intangible assets with finite useful lives is assessed in the same manner as property , plant and equipment as described above . income taxes : for purposes of the company 2019s consolidated financial statements for periods prior to the spin-off , income tax expense has been recorded as if the company filed tax returns on a stand-alone basis separate from ingersoll rand . this separate return methodology applies the accounting guidance for income taxes to the stand-alone financial statements as if the company was a stand-alone enterprise for the periods prior to the spin-off . therefore , cash tax payments and items of current and deferred taxes may not be reflective of the company 2019s actual tax balances prior to or subsequent to the spin-off . cash paid for income taxes for the year ended december 31 , 2015 was $ 80.6 million . the income tax accounts reflected in the consolidated balance sheets as of december 31 , 2015 and 2014 include income taxes payable and deferred taxes allocated to the company at the time of the spin-off . the calculation of the company 2019s income taxes involves considerable judgment and the use of both estimates and allocations . deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities , applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse . the company recognizes future tax benefits , such as net operating losses and tax credits , to the extent that realizing these benefits is considered in its judgment to be more likely than not . the company regularly reviews the recoverability of its deferred tax assets considering its historic profitability , projected future taxable income , timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies . where appropriate , the company records a valuation allowance with respect to a future tax benefit . product warranties : standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience . the company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims , or as new information becomes available. .\nQuestion: what is the sum of years for customer relationships and trademarks?\nAnswer: 50.0\nQuestion: what is the number of years for other intangible assets?\nAnswer: 25.0\nQuestion: what is the number of years for completed technology/patents?\nAnswer: 10.0\nQuestion: what is the sum number of years?\nAnswer: 35.0\nQuestion: what is the total sum number of years?\nAnswer: 85.0\nQuestion: what is the total sum divided by 4?\n"
},
{
"role": "agent",
"content": "21.25"
}
] |
CONVFINQA3641
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\no . segment information 2013 ( concluded ) ( 1 ) included in net sales were export sales from the u.s . of $ 246 million , $ 277 million and $ 275 million in 2010 , 2009 and 2008 , respectively . ( 2 ) intra-company sales between segments represented approximately two percent of net sales in 2010 , three percent of net sales in 2009 and one percent of net sales in 2008 . ( 3 ) included in net sales were sales to one customer of $ 1993 million , $ 2053 million and $ 2058 million in 2010 , 2009 and 2008 , respectively . such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products . ( 4 ) net sales from the company 2019s operations in the u.s . were $ 5618 million , $ 5952 million and $ 7150 million in 2010 , 2009 and 2008 , respectively . ( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2010 , 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010 , 2009 and 2008 . ( 6 ) included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 720 million . included in segment operating profit ( loss ) for 2009 were impairment charges for goodwill as follows : plumbing products 2013 $ 39 million ; other specialty products 2013 $ 223 million . included in segment operating profit ( loss ) for 2008 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 59 million ; plumbing products 2013 $ 203 million ; installation and other services 2013 $ 52 million ; and other specialty products 2013 $ 153 million . ( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments . ( 8 ) during 2009 , the company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning january 1 , 2010 under substantially all of the company 2019s domestic qualified and non-qualified defined-benefit pension plans . see note m to the consolidated financial statements . ( 9 ) the charge for litigation settlement in 2009 relates to a business unit in the cabinets and related products segment . the charge for litigation settlement in 2008 relates to a business unit in the installation and other services segment . ( 10 ) see note l to the consolidated financial statements . ( 11 ) long-lived assets of the company 2019s operations in the u.s . and europe were $ 3684 million and $ 617 million , $ 4628 million and $ 690 million , and $ 4887 million and $ 770 million at december 31 , 2010 , 2009 and 2008 , respectively . ( 12 ) segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations . p . other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>income from cash and cash investments</td><td>$ 6</td><td>$ 7</td><td>$ 22</td></tr><tr><td>3</td><td>other interest income</td><td>1</td><td>2</td><td>2</td></tr><tr><td>4</td><td>income from financial investments net ( note e )</td><td>9</td><td>3</td><td>1</td></tr><tr><td>5</td><td>other items net</td><td>-9 ( 9 )</td><td>17</td><td>-22 ( 22 )</td></tr><tr><td>6</td><td>total other net</td><td>$ 7</td><td>$ 29</td><td>$ 3</td></tr></table> masco corporation notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the income from financial investments net in 2010?\nAnswer: 9.0\nQuestion: and in 2009?\nAnswer: 3.0\nQuestion: so what was the difference between these two years?\n"
},
{
"role": "agent",
"content": "6.0"
}
] |
CONVFINQA7994
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 difference in the number of shares purchased by employees between 2008 and 2009?\nAnswer: 10.5\nQuestion: what was the number of shares purchased by employees in 2008?\n"
},
{
"role": "agent",
"content": "18.9"
}
] |
CONVFINQA71
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 19 . subsequent events 12.25% ( 12.25 % ) senior subordinated discount notes and warrants offering 2014in january 2003 , the company issued 808000 units , each consisting of ( 1 ) $ 1000 principal amount at maturity of the 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 of a wholly owned subsidiary of the company ( ati notes ) and ( 2 ) a warrant to purchase 14.0953 shares of class a common stock of the company , for gross proceeds of $ 420.0 million . the gross offering proceeds were allocated between the ati notes ( $ 367.4 million ) and the fair value of the warrants ( $ 52.6 million ) . net proceeds from the offering aggregated approximately $ 397.0 million and were or will be used for the purposes described below under amended and restated loan agreement . the ati notes accrue no cash interest . instead , the accreted value of each ati note will increase between the date of original issuance and maturity ( august 1 , 2008 ) at a rate of 12.25% ( 12.25 % ) per annum . the 808000 warrants that were issued together with the ati notes each represent the right to purchase 14.0953 shares of class a common stock at $ 0.01 per share . the warrants are exercisable at any time on or after january 29 , 2006 and will expire on august 1 , 2008 . as of the issuance date , the warrants represented approximately 5.5% ( 5.5 % ) of the company 2019s outstanding common stock ( assuming exercise of all warrants ) . the indenture governing the ati notes contains covenants that , among other things , limit the ability of the issuer subsidiary and its guarantors to incur or guarantee additional indebtedness , create liens , pay dividends or make other equity distributions , enter into agreements restricting the restricted subsidiaries 2019 ability to pay dividends , purchase or redeem capital stock , make investments and sell assets or consolidate or merge with or into other companies . the ati notes rank junior in right of payment to all existing and future senior indebtedness , including all indebtedness outstanding under the credit facilities , and are structurally senior in right of payment to all existing and future indebtedness of the company . amended and restated loan agreement 2014on february 21 , 2003 , the company completed an amendment to its credit facilities . the amendment provides for the following : 2022 prepayment of a portion of outstanding term loans . the company agreed to prepay an aggregate of $ 200.0 million of the term loans outstanding under the credit facilities from a portion of the net proceeds of the ati notes offering completed in january 2003 . this prepayment consisted of a $ 125.0 million prepayment of the term loan a and a $ 75.0 million prepayment of the term loan b , each to be applied to reduce future scheduled principal payments . giving effect to the prepayment of $ 200.0 million of term loans under the credit facility and the issuance of the ati notes as discussed above as well as the paydown of debt from net proceeds of the sale of mtn ( $ 24.5 million in february 2003 ) , the company 2019s aggregate principal payments of long- term debt , including capital leases , for the next five years and thereafter are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2003</td><td>$ 268496</td></tr><tr><td>2</td><td>2004</td><td>131262</td></tr><tr><td>3</td><td>2005</td><td>195082</td></tr><tr><td>4</td><td>2006</td><td>538479</td></tr><tr><td>5</td><td>2007</td><td>1065437</td></tr><tr><td>6</td><td>thereafter</td><td>1408783</td></tr><tr><td>7</td><td>total</td><td>$ 3607539</td></tr></table> .\nQuestion: what is the sum value of expected payments for principal of long-term debt in 2003 and 2004?\n"
},
{
"role": "agent",
"content": "399758.0"
}
] |
CONVFINQA60
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 timing of available information , including the performance of first lien positions , and 2022 limitations of available historical data . pnc 2019s determination of the alll for non-impaired loans is sensitive to the risk grades assigned to commercial loans and loss rates for consumer loans . there are several other qualitative and quantitative factors considered in determining the alll . this sensitivity analysis does not necessarily reflect the nature and extent of future changes in the alll . it is intended to provide insight into the impact of adverse changes to risk grades and loss rates only and does not imply any expectation of future deterioration in the risk ratings or loss rates . given the current processes used , we believe the risk grades and loss rates currently assigned are appropriate . in the hypothetical event that the aggregate weighted average commercial loan risk grades would experience a 1% ( 1 % ) deterioration , assuming all other variables remain constant , the allowance for commercial loans would increase by approximately $ 35 million as of december 31 , 2014 . in the hypothetical event that consumer loss rates would increase by 10% ( 10 % ) , assuming all other variables remain constant , the allowance for consumer loans would increase by approximately $ 37 million at december 31 , 2014 . purchased impaired loans are initially recorded at fair value and applicable accounting guidance prohibits the carry over or creation of valuation allowances at acquisition . because the initial fair values of these loans already reflect a credit component , additional reserves are established when performance is expected to be worse than our expectations as of the acquisition date . at december 31 , 2014 , we had established reserves of $ .9 billion for purchased impaired loans . in addition , loans ( purchased impaired and non- impaired ) acquired after january 1 , 2009 were recorded at fair value . no allowance for loan losses was carried over and no allowance was created at the date of acquisition . see note 4 purchased loans in the notes to consolidated financial statements in item 8 of this report for additional information . in determining the appropriateness of the alll , we make specific allocations to impaired loans and allocations to portfolios of commercial and consumer loans . we also allocate reserves to provide coverage for probable losses incurred in the portfolio at the balance sheet date based upon current market conditions , which may not be reflected in historical loss data . commercial lending is the largest category of credits and is sensitive to changes in assumptions and judgments underlying the determination of the alll . we have allocated approximately $ 1.6 billion , or 47% ( 47 % ) , of the alll at december 31 , 2014 to the commercial lending category . consumer lending allocations are made based on historical loss experience adjusted for recent activity . approximately $ 1.7 billion , or 53% ( 53 % ) , of the alll at december 31 , 2014 has been allocated to these consumer lending categories . in addition to the alll , we maintain an allowance for unfunded loan commitments and letters of credit . we report this allowance as a liability on our consolidated balance sheet . we maintain the allowance for unfunded loan commitments and letters of credit at a level we believe is appropriate to absorb estimated probable losses on these unfunded credit facilities . we determine this amount using estimates of the probability of the ultimate funding and losses related to those credit exposures . other than the estimation of the probability of funding , this methodology is very similar to the one we use for determining our alll . we refer you to note 1 accounting policies and note 3 asset quality in the notes to consolidated financial statements in item 8 of this report for further information on certain key asset quality indicators that we use to evaluate our portfolios and establish the allowances . table 41 : allowance for loan and lease losses . <table class='wikitable'><tr><td>1</td><td>dollars in millions</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>january 1</td><td>$ 3609</td><td>$ 4036</td></tr><tr><td>3</td><td>total net charge-offs ( a )</td><td>-531 ( 531 )</td><td>-1077 ( 1077 )</td></tr><tr><td>4</td><td>provision for credit losses</td><td>273</td><td>643</td></tr><tr><td>5</td><td>net change in allowance for unfunded loan commitments and letters of credit</td><td>-17 ( 17 )</td><td>8</td></tr><tr><td>6</td><td>other</td><td>-3 ( 3 )</td><td>-1 ( 1 )</td></tr><tr><td>7</td><td>december 31</td><td>$ 3331</td><td>$ 3609</td></tr><tr><td>8</td><td>net charge-offs to average loans ( for the year ended ) ( a )</td><td>.27% ( .27 % )</td><td>.57% ( .57 % )</td></tr><tr><td>9</td><td>allowance for loan and lease losses to total loans</td><td>1.63</td><td>1.84</td></tr><tr><td>10</td><td>commercial lending net charge-offs</td><td>$ -55 ( 55 )</td><td>$ -249 ( 249 )</td></tr><tr><td>11</td><td>consumer lending net charge-offs ( a )</td><td>-476 ( 476 )</td><td>-828 ( 828 )</td></tr><tr><td>12</td><td>total net charge-offs</td><td>$ -531 ( 531 )</td><td>$ -1077 ( 1077 )</td></tr><tr><td>13</td><td>net charge-offs to average loans ( for the year ended )</td><td>-</td><td>-</td></tr><tr><td>14</td><td>commercial lending</td><td>.04% ( .04 % )</td><td>.22% ( .22 % )</td></tr><tr><td>15</td><td>consumer lending ( a )</td><td>0.62</td><td>1.07</td></tr></table> ( a ) includes charge-offs of $ 134 million taken pursuant to alignment with interagency guidance on practices for loans and lines of credit related to consumer lending in the first quarter of 2013 . the provision for credit losses totaled $ 273 million for 2014 compared to $ 643 million for 2013 . the primary drivers of the decrease to the provision were improved overall credit quality , including lower consumer loan delinquencies , and the increasing value of residential real estate which resulted in greater expected cash flows from our purchased impaired loans . for 2014 , the provision for commercial lending credit losses increased by $ 64 million , or 178% ( 178 % ) , from 2013 primarily due to continued growth in the commercial book , paired with slowing of the reserve releases related to credit quality improvement . the provision for consumer lending credit losses decreased $ 434 million , or 71% ( 71 % ) , from 2013 . the pnc financial services group , inc . 2013 form 10-k 81 .\nQuestion: what is the impact of total net charge-offs in the balance of allowance for loan and lease losses during 2014?\nAnswer: 531.0\nQuestion: what about the balance of allowance for loan and lease losses as of december 31, 2014?\n"
},
{
"role": "agent",
"content": "3609.0"
}
] |
CONVFINQA1181
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n15 . leases in january 1996 , the company entered into a lease agreement with an unrelated third party for a new corporate office facility , which the company occupied in february 1997 . in may 2004 , the company entered into the first amendment to this lease agreement , effective january 1 , 2004 . the lease was extended from an original period of 10 years , with an option for five additional years , to a period of 18 years from the inception date , with an option for five additional years . the company incurred lease rental expense related to this facility of $ 1.3 million in 2008 , 2007 and 2006 . the future minimum lease payments are $ 1.4 million per annum from january 1 , 2009 to december 31 , 2014 . the future minimum lease payments from january 1 , 2015 through december 31 , 2019 will be determined based on prevailing market rental rates at the time of the extension , if elected . the amended lease also provided for the lessor to reimburse the company for up to $ 550000 in building refurbishments completed through march 31 , 2006 . these amounts have been recorded as a reduction of lease expense over the remaining term of the lease . the company has also entered into various noncancellable operating leases for equipment and office space . office space lease expense totaled $ 9.3 million , $ 6.3 million and $ 4.7 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . future minimum lease payments under noncancellable operating leases for office space in effect at december 31 , 2008 are $ 8.8 million in 2009 , $ 6.6 million in 2010 , $ 3.0 million in 2011 , $ 1.8 million in 2012 and $ 1.1 million in 2013 . 16 . royalty agreements the company has entered into various renewable , nonexclusive license agreements under which the company has been granted access to the licensor 2019s technology and the right to sell the technology in the company 2019s product line . royalties are payable to developers of the software at various rates and amounts , which generally are based upon unit sales or revenue . royalty fees are reported in cost of goods sold and were $ 6.3 million , $ 5.2 million and $ 3.9 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . 17 . geographic information revenue to external customers is attributed to individual countries based upon the location of the customer . revenue by geographic area is as follows: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2008</td><td>year ended december 31 , 2007</td><td>year ended december 31 , 2006</td></tr><tr><td>2</td><td>united states</td><td>$ 151688</td><td>$ 131777</td><td>$ 94282</td></tr><tr><td>3</td><td>germany</td><td>68390</td><td>50973</td><td>34567</td></tr><tr><td>4</td><td>japan</td><td>66960</td><td>50896</td><td>35391</td></tr><tr><td>5</td><td>canada</td><td>8033</td><td>4809</td><td>4255</td></tr><tr><td>6</td><td>other european</td><td>127246</td><td>108971</td><td>70184</td></tr><tr><td>7</td><td>other international</td><td>56022</td><td>37914</td><td>24961</td></tr><tr><td>8</td><td>total revenue</td><td>$ 478339</td><td>$ 385340</td><td>$ 263640</td></tr></table> .\nQuestion: what is the total future minimum lease payments under noncancellable operating leases for office space for 2009 and 2010?\n"
},
{
"role": "agent",
"content": "15.4"
}
] |
CONVFINQA4021
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2010 . on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 . the redemption resulted in a $ 5 million early extinguishment charge . receivables securitization facility 2013 at december 31 , 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility . ( see further discussion of our receivables securitization facility in note 10. ) 15 . variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) . these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities ) and have no other activities , assets or liabilities outside of the lease transactions . within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices . depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 4.2 billion as of december 31 , 2010 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2010 and 2009 included $ 2520 million , net of $ 901 million of accumulated depreciation , and $ 2754 million , net of $ 927 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2010 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2011</td><td>$ 613</td><td>$ 311</td></tr><tr><td>3</td><td>2012</td><td>526</td><td>251</td></tr><tr><td>4</td><td>2013</td><td>461</td><td>253</td></tr><tr><td>5</td><td>2014</td><td>382</td><td>261</td></tr><tr><td>6</td><td>2015</td><td>340</td><td>262</td></tr><tr><td>7</td><td>later years</td><td>2599</td><td>1355</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 4921</td><td>$ 2693</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-784 ( 784 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1909</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 624 million in 2010 , $ 686 million in 2009 , and $ 747 million in 2008 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant. .\nQuestion: what was the rent expense for operating leases with terms exceeding one month in 2010?\nAnswer: 624.0\nQuestion: what was the value in 2009?\nAnswer: 686.0\nQuestion: what is the sum?\nAnswer: 1310.0\nQuestion: what was the value in 2008?\nAnswer: 747.0\nQuestion: what is the total sum?\nAnswer: 2057.0\nQuestion: what is the average value per year?\n"
},
{
"role": "agent",
"content": "685.66667"
}
] |
CONVFINQA5491
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nkimco realty corporation and subsidiaries notes to consolidated financial statements , continued uncertain tax positions : the company is subject to income tax in certain jurisdictions outside the u.s. , principally canada and mexico . the statute of limitations on assessment of tax varies from three to seven years depending on the jurisdiction and tax issue . tax returns filed in each jurisdiction are subject to examination by local tax authorities . the company is currently under audit by the canadian revenue agency , mexican tax authority and the u.s . internal revenue service ( 201cirs 201d ) . in october 2011 , the irs issued a notice of proposed adjustment , which proposes pursuant to section 482 of the code , to disallow a capital loss claimed by krs on the disposition of common shares of valad property ltd. , an australian publicly listed company . because the adjustment is being made pursuant to section 482 of the code , the irs believes it can assert a 100 percent 201cpenalty 201d tax pursuant to section 857 ( b ) ( 7 ) of the code and disallow the capital loss deduction . the notice of proposed adjustment indicates the irs 2019 intention to impose the 100 percent 201cpenalty 201d tax on the company in the amount of $ 40.9 million and disallowing the capital loss claimed by krs . the company and its outside counsel have considered the irs 2019 assessment and believe that there is sufficient documentation establishing a valid business purpose for the transfer , including recent case history showing support for similar positions . accordingly , the company strongly disagrees with the irs 2019 position on the application of section 482 of the code to the disposition of the shares , the imposition of the 100 percent penalty tax and the simultaneous assertion of the penalty tax and disallowance of the capital loss deduction . the company received a notice of proposed assessment and filed a written protest and requested an irs appeals office conference . an appeals hearing was attended by management and its attorneys , the irs compliance group and an irs appeals officer in november , 2014 , at which time irs compliance presented arguments in support of their position , as noted herein . management and its attorneys presented rebuttal arguments in support of its position . the matter is currently under consideration by the appeals officer . the company intends to vigorously defend its position in this matter and believes it will prevail . resolutions of these audits are not expected to have a material effect on the company 2019s financial statements . during 2013 , the company early adopted asu 2013-11 prospectively and reclassified a portion of its reserve for uncertain tax positions . the reserve for uncertain tax positions included amounts related to the company 2019s canadian operations . the company has unrecognized tax benefits reported as deferred tax assets and are available to settle adjustments made with respect to the company 2019s uncertain tax positions in canada . the company reduced its reserve for uncertain tax positions by $ 12.3 million associated with its canadian operations and reduced its deferred tax assets in accordance with asu 2013-11 . the company does not believe that the total amount of unrecognized tax benefits as of december 31 , 2014 , will significantly increase or decrease within the next 12 months . as of december 31 , 2014 , the company 2019s canadian uncertain tax positions , which reduce its deferred tax assets , aggregated $ 10.4 million . the liability for uncertain tax benefits principally consists of estimated foreign , federal and state income tax liabilities in years for which the statute of limitations is open . open years range from 2008 through 2014 and vary by jurisdiction and issue . the aggregate changes in the balance of unrecognized tax benefits for the years ended december 31 , 2014 and 2013 were as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>201 4</td><td>2013</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 4590</td><td>$ 16890</td></tr><tr><td>3</td><td>increases for tax positions related to current year</td><td>59</td><td>15</td></tr><tr><td>4</td><td>reduction due to adoption of asu 2013-11 ( a )</td><td>-</td><td>-12315 ( 12315 )</td></tr><tr><td>5</td><td>balance end of year</td><td>$ 4649</td><td>$ 4590</td></tr></table> ( a ) this amount was reclassified against the related deferred tax asset relating to the company 2019s early adoption of asu 2013-11 as discussed above. .\nQuestion: what was the difference in the balance at the start of 2013 compared to the end?\n"
},
{
"role": "agent",
"content": "12300.0"
}
] |
CONVFINQA4785
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 fffd ( continued ) the following table summarizes the weighted average life and the allocation to intangible assets recognized in the mps acquisition , excluding goodwill ( in millions ) : weighted avg . amounts recognized as the acquisition . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted avg.life</td><td>amountsrecognized as ofthe acquisitiondate</td></tr><tr><td>2</td><td>customer relationships</td><td>14.6</td><td>$ 1008.7</td></tr><tr><td>3</td><td>trademarks and tradenames</td><td>3.0</td><td>15.2</td></tr><tr><td>4</td><td>photo library</td><td>10.0</td><td>2.5</td></tr><tr><td>5</td><td>total</td><td>14.4</td><td>$ 1026.4</td></tr></table> none of the intangibles has significant residual value . we are amortizing the customer relationship intangibles over estimated useful lives ranging from 13 to 16 years based on a straight-line basis because the amortization pattern was not reliably determinable . star pizza acquisition on march 13 , 2017 , we completed the star pizza acquisition . the transaction provided us with a leadership position in the fast growing small-run pizza box market and increases our vertical integration . the purchase price was $ 34.6 million , net of a $ 0.7 million working capital settlement . we have fully integrated the approximately 22000 tons of containerboard used by star pizza annually . we have included the financial results of the acquired assets since the date of the acquisition in our corrugated packaging segment . the purchase price allocation for the acquisition primarily included $ 24.8 million of customer relationship intangible assets and $ 2.2 million of goodwill . we are amortizing the customer relationship intangibles over 10 years based on a straight-line basis because the amortization pattern was not reliably determinable . the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force . the goodwill and intangibles are amortizable for income tax purposes . packaging acquisition on january 19 , 2016 , we completed the packaging acquisition . the entities acquired provide value-added folding carton and litho-laminated display packaging solutions . the purchase price was $ 94.1 million , net of cash received of $ 1.7 million , a working capital settlement and a $ 3.5 million escrow receipt in the first quarter of fiscal 2017 . the transaction is subject to an election under section 338 ( h ) ( 10 ) of the code that increases the u.s . tax basis in the acquired u.s . entities . we believe the transaction has provided us with attractive and complementary customers , markets and facilities . we have included the financial results of the acquired entities since the date of the acquisition in our consumer packaging segment . the purchase price allocation for the acquisition primarily included $ 55.0 million of property , plant and equipment , $ 10.5 million of customer relationship intangible assets , $ 9.3 million of goodwill and $ 25.8 million of liabilities , including $ 1.3 million of debt . we are amortizing the customer relationship intangibles over estimated useful lives ranging from 9 to 15 years based on a straight-line basis because the amortization pattern was not reliably determinable . the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force . the goodwill and intangibles of the u.s . entities are amortizable for income tax purposes . sp fiber on october 1 , 2015 , we completed the sp fiber acquisition in a stock purchase . the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper . the newberg mill also produced newsprint . as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in gps . gps is a joint venture providing steam to the dublin mill and electricity to georgia power . the purchase price was $ 278.8 million , net of cash received of $ 9.2 million and a working capital .\nQuestion: what was the amount of goodwill from the overall purchase value of star pizza?\nAnswer: 2.2\nQuestion: and was the amount of customer relationship intangible assets from that same value?\nAnswer: 24.8\nQuestion: what is, then, the total amount concerning the two segments?\nAnswer: 27.0\nQuestion: and what was that overall purchase value of star pizza?\nAnswer: 34.6\nQuestion: what percentage, then, of this value, does that total amount represent?\nAnswer: 0.78035\nQuestion: in that same period, what was the value of trademarks and tradenames from the recognized value of the period's acquisition?\nAnswer: 15.2\nQuestion: and what was this total recognized value?\n"
},
{
"role": "agent",
"content": "1026.4"
}
] |
CONVFINQA6091
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) merchant acquiring business in the united kingdom to the partnership . in addition , hsbc uk entered into a ten-year marketing alliance with the partnership in which hsbc uk will refer customers to the partnership for payment processing services in the united kingdom . on june 23 , 2008 , we entered into a new five year , $ 200 million term loan to fund a portion of the acquisition . we funded the remaining purchase price with excess cash and our existing credit facilities . the term loan bears interest , at our election , at the prime rate or london interbank offered rate plus a margin based on our leverage position . as of july 1 , 2008 , the interest rate on the term loan was 3.605% ( 3.605 % ) . the term loan calls for quarterly principal payments of $ 5 million beginning with the quarter ending august 31 , 2008 and increasing to $ 10 million beginning with the quarter ending august 31 , 2010 and $ 15 million beginning with the quarter ending august 31 , 2011 . the partnership agreement includes provisions pursuant to which hsbc uk may compel us to purchase , at fair value , additional membership units from hsbc uk ( the 201cput option 201d ) . hsbc uk may exercise the put option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter . by exercising the put option , hsbc uk can require us to purchase , on an annual basis , up to 15% ( 15 % ) of the total membership units . additionally , on the tenth anniversary of closing and each tenth anniversary thereafter , hsbc uk may compel us to purchase all of their membership units at fair value . while not redeemable until june 2013 , we estimate the maximum total redemption amount of the minority interest under the put option would be $ 421.4 million , as of may 31 , 2008 . the purpose of this acquisition was to establish a presence in the united kingdom . the key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and hsbc uk 2019s market share and retail presence in the united kingdom . the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples . the purchase price totaled $ 441.1 million , consisting of $ 438.6 million cash consideration plus $ 2.5 million of direct out of pocket costs . the acquisition has been recorded using the purchase method of accounting , and , accordingly , the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition . the following table summarizes the preliminary purchase price allocation: . <table class='wikitable'><tr><td>1</td><td>-</td><td>total</td></tr><tr><td>2</td><td>goodwill</td><td>$ 294741</td></tr><tr><td>3</td><td>customer-related intangible assets</td><td>116920</td></tr><tr><td>4</td><td>contract-based intangible assets</td><td>13437</td></tr><tr><td>5</td><td>trademark</td><td>2204</td></tr><tr><td>6</td><td>property and equipment</td><td>26955</td></tr><tr><td>7</td><td>other current assets</td><td>100</td></tr><tr><td>8</td><td>total assets acquired</td><td>454357</td></tr><tr><td>9</td><td>minority interest in equity of subsidiary ( at historical cost )</td><td>-13257 ( 13257 )</td></tr><tr><td>10</td><td>net assets acquired</td><td>$ 441100</td></tr></table> due to the recent timing of the transaction , the allocation of the purchase price is preliminary . all of the goodwill associated with the acquisition is expected to be deductible for tax purposes . the customer-related intangible assets have amortization periods of up to 13 years . the contract-based intangible assets have amortization periods of 7 years . the trademark has an amortization period of 5 years. .\nQuestion: on june 23, 2008, what was the amount of the five year term loan to fund a portion of the acquisition?\n"
},
{
"role": "agent",
"content": "200.0"
}
] |
CONVFINQA4191
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 31 , 2010 through october 25 , 2015 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 31 , 2010 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/31/10 in stock or index , including reinvestment of dividends . indexes calculated on month-end basis . 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. . <table class='wikitable'><tr><td>1</td><td>-</td><td>10/31/2010</td><td>10/30/2011</td><td>10/28/2012</td><td>10/27/2013</td><td>10/26/2014</td><td>10/25/2015</td></tr><tr><td>2</td><td>applied materials</td><td>100.00</td><td>104.54</td><td>90.88</td><td>155.43</td><td>188.13</td><td>150.26</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>108.09</td><td>124.52</td><td>158.36</td><td>185.71</td><td>195.37</td></tr><tr><td>4</td><td>rdg semiconductor composite index</td><td>100.00</td><td>110.04</td><td>104.07</td><td>136.15</td><td>172.41</td><td>170.40</td></tr></table> dividends during each of fiscal 2015 and 2014 , applied's board of directors declared four quarterly cash dividends of $ 0.10 per share . during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share and one quarterly cash dividend of $ 0.09 per share . dividends paid during fiscal 2015 , 2014 and 2013 amounted to $ 487 million , $ 485 million and $ 456 million , respectively . applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders . 104 136 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 10/25/15 applied materials , inc . s&p 500 rdg semiconductor composite .\nQuestion: what is the net change in value of an investment in s&p500 from 2010 to 2011?\nAnswer: 8.09\nQuestion: what is the initial value?\nAnswer: 100.0\nQuestion: what rate of return does this represent?\nAnswer: 0.0809\nQuestion: what is the quarterly cash dividends for the first three quarters?\nAnswer: 0.3\nQuestion: what about the fourth quarter?\n"
},
{
"role": "agent",
"content": "0.09"
}
] |
CONVFINQA10579
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 at december 31 , 2007 , future minimum rental payments required under operating leases for continuing operations that have initial or remaining noncancelable lease terms in excess of one year , net of sublease rental income , most of which pertain to real estate leases , are as follows : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 317</td></tr><tr><td>2</td><td>2009</td><td>275</td></tr><tr><td>3</td><td>2010</td><td>236</td></tr><tr><td>4</td><td>2011</td><td>214</td></tr><tr><td>5</td><td>2012</td><td>191</td></tr><tr><td>6</td><td>later years</td><td>597</td></tr><tr><td>7</td><td>total minimum payments required</td><td>$ 1830</td></tr></table> aon corporation .\nQuestion: what is the difference between the net rent expense of the years 2009 and 2008?\n"
},
{
"role": "agent",
"content": "-42.0"
}
] |
CONVFINQA7015
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nregulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded . regulatory balancing accounts include low income programs and purchased power and water accounts . debt expense is amortized over the lives of the respective issues . call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates . as a result of american water capital corp . 2019s prepayment of the 5.62% ( 5.62 % ) series c senior notes due december 21 , 2018 ( 201cseries c senior notes 201d ) and 5.77% ( 5.77 % ) series d senior notes due december 21 , 2021 ( 201cseries d senior notes 201d ) and payment of a make-whole premium amount to the holders thereof of $ 34 million , the company recorded a $ 6 million charge resulting from the early extinguishment of debt at the parent company . substantially all of the early debt extinguishment costs allocable to the company 2019s utility subsidiaries were recorded as regulatory assets that the company believes are probable of recovery in future rates . approximately $ 1 million of the early debt extinguishment costs allocable to the company 2019s utility subsidiaries was amortized in 2017 . purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s california utility subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey utility subsidiary . as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 . tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from two to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service . other regulatory assets include certain construction costs for treatment facilities , property tax stabilization , employee-related costs , deferred other postretirement benefit expense , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others . these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods . regulatory liabilities regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process . also , if costs expected to be incurred in the future are currently being recovered through rates , the company records those expected future costs as regulatory liabilities . the following table summarizes the composition of regulatory liabilities as of december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>income taxes recovered through rates</td><td>$ 1242</td><td>$ 2014</td></tr><tr><td>3</td><td>removal costs recovered through rates</td><td>315</td><td>316</td></tr><tr><td>4</td><td>pension and other postretirement benefit balancing accounts</td><td>48</td><td>55</td></tr><tr><td>5</td><td>other</td><td>59</td><td>32</td></tr><tr><td>6</td><td>total regulatory liabilities</td><td>$ 1664</td><td>$ 403</td></tr></table> income taxes recovered through rates relate to deferred taxes that will likely be refunded to the company 2019s customers . on december 22 , 2017 , the tcja was signed into law , which , among other things , enacted significant and complex changes to the internal revenue code of 1986 , including a reduction in the maximum u.s . federal corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) as of january 1 , 2018 . the tcja created significant .\nQuestion: what is the change in the balance of total regulatory liabilities from 2016 to 2017?\nAnswer: 1261.0\nQuestion: what is the balance of total regulatory liabilities in 2017?\nAnswer: 403.0\nQuestion: what growth rate does this represent?\n"
},
{
"role": "agent",
"content": "3.12903"
}
] |
CONVFINQA5694
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2009 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2009</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 130.29</td><td>$ 135.35</td><td>$ 140.54</td><td>$ 205.95</td><td>$ 223.79</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.06</td><td>$ 117.48</td><td>$ 136.26</td><td>$ 180.38</td><td>$ 205.05</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 126.74</td><td>$ 126.75</td><td>$ 136.24</td><td>$ 192.61</td><td>$ 240.91</td></tr></table> .\nQuestion: what the value of the investment in ups in 2012?\nAnswer: 140.54\nQuestion: what about in 2010?\n"
},
{
"role": "agent",
"content": "130.29"
}
] |
CONVFINQA2095
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 graph below compares expeditors international of washington , inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the nasdaq transportation index , and the nasdaq industrial transportation index ( nqusb2770t ) as a replacement for the nasdaq transportation index . the company is making the modification to reference a specific transportation index and to source that data directly from nasdaq . the graph assumes that the value of the investment in our common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on 12/31/2012 and tracks it through 12/31/2017 . total return assumes reinvestment of dividends in each of the indices indicated . comparison of 5-year cumulative total return among expeditors international of washington , inc. , the s&p 500 index , the nasdaq industrial transportation index and the nasdaq transportation index. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/12</td><td>12/13</td><td>12/14</td><td>12/15</td><td>12/16</td><td>12/17</td></tr><tr><td>2</td><td>expeditors international of washington inc .</td><td>$ 100.00</td><td>$ 113.52</td><td>$ 116.07</td><td>$ 119.12</td><td>$ 142.10</td><td>$ 176.08</td></tr><tr><td>3</td><td>standard and poor's 500 index</td><td>100.00</td><td>132.39</td><td>150.51</td><td>152.59</td><td>170.84</td><td>208.14</td></tr><tr><td>4</td><td>nasdaq transportation</td><td>100.00</td><td>133.76</td><td>187.65</td><td>162.30</td><td>193.79</td><td>248.92</td></tr><tr><td>5</td><td>nasdaq industrial transportation ( nqusb2770t )</td><td>100.00</td><td>141.60</td><td>171.91</td><td>132.47</td><td>171.17</td><td>218.34</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance . item 6 2014 selected financial data financial highlights in thousands , except per share data 2017 2016 2015 2014 2013 revenues ..................................................................... . $ 6920948 6098037 6616632 6564721 6080257 net revenues1 ............................................................... . $ 2319189 2164036 2187777 1981427 1882853 net earnings attributable to shareholders ..................... . $ 489345 430807 457223 376888 348526 diluted earnings attributable to shareholders per share $ 2.69 2.36 2.40 1.92 1.68 basic earnings attributable to shareholders per share.. . $ 2.73 2.38 2.42 1.92 1.69 dividends declared and paid per common share.......... . $ 0.84 0.80 0.72 0.64 0.60 cash used for dividends ............................................... . $ 150495 145123 135673 124634 123292 cash used for share repurchases ................................. . $ 478258 337658 629991 550781 261936 working capital ............................................................. . $ 1448333 1288648 1115136 1285188 1526673 total assets .................................................................. . $ 3117008 2790871 2565577 2870626 2996416 shareholders 2019 equity ..................................................... . $ 1991858 1844638 1691993 1868408 2084783 weighted average diluted shares outstanding .............. . 181666 182704 190223 196768 206895 weighted average basic shares outstanding ................ . 179247 181282 188941 196147 205995 _______________________ 1non-gaap measure calculated as revenues less directly related operating expenses attributable to our principal services . see management's discussion and analysis for a reconciliation of net revenues to revenues . safe harbor for forward-looking statements under private securities litigation reform act of 1995 ; certain cautionary statements this annual report on form 10-k for the fiscal year ended december 31 , 2017 contains 201cforward-looking statements , 201d as defined in section 27a of the securities act of 1933 , as amended , and section 21e of the securities exchange act of 1934 , as amended . from time to time , expeditors or its representatives have made or may make forward-looking statements , orally or in writing . such forward-looking statements may be included in , but not limited to , press releases , presentations , oral statements made with the approval of an authorized executive officer or in various filings made by expeditors with the securities and exchange commission . statements including those preceded by , followed by or that include the words or phrases 201cwill likely result 201d , 201care expected to 201d , \"would expect\" , \"would not expect\" , 201cwill continue 201d , 201cis anticipated 201d , 201cestimate 201d , 201cproject 201d , \"provisional\" , \"plan\" , \"believe\" , \"probable\" , \"reasonably possible\" , \"may\" , \"could\" , \"should\" , \"intends\" , \"foreseeable future\" or similar expressions are intended to identify 201cforward-looking statements 201d within the meaning of the private securities litigation reform act of 1995 . such statements are qualified in their entirety by reference to and are accompanied by the discussion in item 1a of certain important factors that could cause actual results to differ materially from such forward-looking statements . the risks included in item 1a are not exhaustive . furthermore , reference is also made to other sections of this report , which include additional factors that could adversely impact expeditors' business and financial performance . moreover , expeditors operates in a very competitive , complex and rapidly changing global environment . new risk factors emerge from time to time and it is not possible for management to predict all of such risk factors , nor can it assess the impact of all of such risk factors on expeditors' business or the extent to which any factor , or combination of factors , may cause actual results to differ materially from those contained in any forward-looking statements . accordingly , forward-looking statements cannot be relied upon as a guarantee of actual results . shareholders should be aware that while expeditors does , from time to time , communicate with securities analysts , it is against expeditors' policy to disclose to such analysts any material non-public information or other confidential commercial information . accordingly , shareholders should not assume that expeditors agrees with any statement or report issued by any analyst irrespective of the content of such statement or report . furthermore , expeditors has a policy against issuing financial forecasts or projections or confirming the accuracy of forecasts or projections issued by others . accordingly , to the extent that reports issued by securities analysts contain any projections , forecasts or opinions , such reports are not the responsibility of expeditors. .\nQuestion: what was the change in the value of the expeditors international of washington inc . considering its value in 2017 and the original amount invested in it in 2012?\nAnswer: 76.08\nQuestion: and what was that change for nasdaq transportation?\nAnswer: 148.92\nQuestion: what was, then, the return for expeditors international of washington inc ., or how much did the change in value represented in relation to the amount invested?\nAnswer: 0.7608\nQuestion: and what was this return for nasdaq transportation?\nAnswer: 1.4892\nQuestion: what is, then, the difference between the expeditors international of washington inc . return and the nasdaq transportation one?\n"
},
{
"role": "agent",
"content": "-0.7284"
}
] |
CONVFINQA5663
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) operating income increased during 2017 when compared to 2016 , comprised of a decrease in revenue of $ 42.1 , as discussed above , a decrease in salaries and related expenses of $ 28.0 and a decrease in office and general expenses of $ 16.9 . the decrease in salaries and related expenses was primarily due to lower discretionary bonuses and incentive expense as well as a decrease in base salaries , benefits and tax . the decrease in office and general expenses was primarily due to decreases in adjustments to contingent acquisition obligations , as compared to the prior year . operating income increased during 2016 when compared to 2015 due to an increase in revenue of $ 58.8 , as discussed above , and a decrease in office and general expenses of $ 3.7 , partially offset by an increase in salaries and related expenses of $ 38.8 . the increase in salaries and related expenses was attributable to an increase in base salaries , benefits and tax primarily due to increases in our workforce to support business growth over the last twelve months . the decrease in office and general expenses was primarily due to lower production expenses related to pass-through costs , which are also reflected in revenue , for certain projects in which we acted as principal that decreased in size or did not recur during the current year . corporate and other certain corporate and other charges are reported as a separate line item within total segment operating income and include corporate office expenses , as well as shared service center and certain other centrally managed expenses that are not fully allocated to operating divisions . salaries and related expenses include salaries , long-term incentives , annual bonuses and other miscellaneous benefits for corporate office employees . office and general expenses primarily include professional fees related to internal control compliance , financial statement audits and legal , information technology and other consulting services that are engaged and managed through the corporate office . office and general expenses also include rental expense and depreciation of leasehold improvements for properties occupied by corporate office employees . a portion of centrally managed expenses are allocated to operating divisions based on a formula that uses the planned revenues of each of the operating units . amounts allocated also include specific charges for information technology-related projects , which are allocated based on utilization . corporate and other expenses decreased during 2017 by $ 20.6 to $ 126.6 compared to 2016 , primarily due to lower annual incentive expense . corporate and other expenses increased during 2016 by $ 5.4 to $ 147.2 compared to 2015 . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2017</td><td>years ended december 31 , 2016</td><td>years ended december 31 , 2015</td></tr><tr><td>2</td><td>net income adjusted to reconcile to net cash provided by operating activities1</td><td>$ 887.3</td><td>$ 1023.2</td><td>$ 848.8</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-29.9 ( 29.9 )</td><td>-414.9 ( 414.9 )</td><td>-99.9 ( 99.9 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities</td><td>24.4</td><td>-95.5 ( 95.5 )</td><td>-60.4 ( 60.4 )</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 881.8</td><td>$ 512.8</td><td>$ 688.5</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-196.2 ( 196.2 )</td><td>-263.9 ( 263.9 )</td><td>-199.7 ( 199.7 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-1004.9 ( 1004.9 )</td><td>-666.4 ( 666.4 )</td><td>-490.9 ( 490.9 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , net losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities due to the seasonality of our business , we typically use cash from working capital in the first nine months of a year , with the largest impact in the first quarter , and generate cash from working capital in the fourth quarter , driven by the seasonally strong media spending by our clients . quarterly and annual working capital results are impacted by the fluctuating annual media spending budgets of our clients as well as their changing media spending patterns throughout each year across various countries. .\nQuestion: what was the total of corporate and other expenses in 2015?\nAnswer: 141.8\nQuestion: and what was it in 2016?\nAnswer: 147.2\nQuestion: what was, then, the combined total of corporate and other expenses for both of those years?\nAnswer: 289.0\nQuestion: including corporate and other expenses from 2017, what would then be the total for three years?\n"
},
{
"role": "agent",
"content": "415.6"
}
] |
CONVFINQA7793
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 71 of 94 notes to consolidated financial statements ball corporation and subsidiaries 16 . shareholders 2019 equity ( continued ) on october 24 , 2007 , ball announced the discontinuance of the company 2019s discount on the reinvestment of dividends associated with the company 2019s dividend reinvestment and voluntary stock purchase plan for non- employee shareholders . the 5 percent discount was discontinued on november 1 , 2007 . accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>foreign currency translation</td><td>pension and other postretirement items net of tax</td><td>effective financial derivatives net of tax</td><td>accumulated other comprehensive earnings ( loss )</td></tr><tr><td>2</td><td>december 31 2004</td><td>$ 148.9</td><td>$ -126.3 ( 126.3 )</td><td>$ 10.6</td><td>$ 33.2</td></tr><tr><td>3</td><td>2005 change</td><td>-74.3 ( 74.3 )</td><td>-43.6 ( 43.6 )</td><td>-16.0 ( 16.0 )</td><td>-133.9 ( 133.9 )</td></tr><tr><td>4</td><td>december 31 2005</td><td>74.6</td><td>-169.9 ( 169.9 )</td><td>-5.4 ( 5.4 )</td><td>-100.7 ( 100.7 )</td></tr><tr><td>5</td><td>2006 change</td><td>57.2</td><td>55.9</td><td>6.0</td><td>119.1</td></tr><tr><td>6</td><td>effect of sfas no . 158 adoption ( a )</td><td>2013</td><td>-47.9 ( 47.9 )</td><td>2013</td><td>-47.9 ( 47.9 )</td></tr><tr><td>7</td><td>december 31 2006</td><td>131.8</td><td>-161.9 ( 161.9 )</td><td>0.6</td><td>-29.5 ( 29.5 )</td></tr><tr><td>8</td><td>2007 change</td><td>90.0</td><td>57.9</td><td>-11.5 ( 11.5 )</td><td>136.4</td></tr><tr><td>9</td><td>december 31 2007</td><td>$ 221.8</td><td>$ -104.0 ( 104.0 )</td><td>$ -10.9 ( 10.9 )</td><td>$ 106.9</td></tr></table> ( a ) within the company 2019s 2006 annual report , the consolidated statement of changes in shareholders 2019 equity for the year ended december 31 , 2006 , included a transition adjustment of $ 47.9 million , net of tax , related to the adoption of sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension plans and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) , 201d as a component of 2006 comprehensive earnings rather than only as an adjustment to accumulated other comprehensive loss . the 2006 amounts have been revised to correct the previous reporting . notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings . therefore , no taxes have been provided on the foreign currency translation component for any period . the change in the pension and other postretirement items is presented net of related tax expense of $ 31.3 million and $ 2.9 million for 2007 and 2006 , respectively , and a related tax benefit of $ 27.3 million for 2005 . the change in the effective financial derivatives is presented net of related tax benefit of $ 3.2 million for 2007 , related tax expense of $ 5.7 million for 2006 and related tax benefit of $ 10.7 million for 2005 . stock-based compensation programs effective january 1 , 2006 , ball adopted sfas no . 123 ( revised 2004 ) , 201cshare based payment , 201d which is a revision of sfas no . 123 and supersedes apb opinion no . 25 . the new standard establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services , including stock option and restricted stock grants . the major differences for ball are that ( 1 ) expense is now recorded in the consolidated statements of earnings for the fair value of new stock option grants and nonvested portions of grants made prior to january 1 , 2006 , and ( 2 ) the company 2019s deposit share program ( discussed below ) is no longer a variable plan that is marked to current market value each month through earnings . upon adoption of sfas no . 123 ( revised 2004 ) , ball has chosen to use the modified prospective transition method and the black-scholes valuation model. .\nQuestion: what was net tax expense related to the change in the pension and other postretirement items in 2007?\nAnswer: 31.3\nQuestion: and in 2006?\nAnswer: 2.9\nQuestion: what was the total value for these two years combined?\n"
},
{
"role": "agent",
"content": "34.2"
}
] |
CONVFINQA9118
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 and the s&p financial 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 , 2007 at the closing price on the last trading day of 2007 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 80 of the standard & poor's 500 companies , representing 26 diversified financial services companies , 22 insurance companies , 17 real estate companies and 15 banking companies . comparison of five-year cumulative total shareholder return . <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>2012</td></tr><tr><td>2</td><td>state street corporation</td><td>$ 100</td><td>$ 49</td><td>$ 55</td><td>$ 58</td><td>$ 52</td><td>$ 61</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>63</td><td>80</td><td>92</td><td>94</td><td>109</td></tr><tr><td>4</td><td>s&p financial index</td><td>100</td><td>45</td><td>52</td><td>59</td><td>49</td><td>63</td></tr></table> .\nQuestion: what is the change in the value of an investment in state street corporation from 2007 to 2009?\nAnswer: -45.0\nQuestion: what is the initial investment?\nAnswer: 100.0\nQuestion: what roi does this represent?\nAnswer: -0.45\nQuestion: what about the change in value in s&p 500 index for the same period?\nAnswer: -20.0\nQuestion: what is the initial value for s&p500 index?\nAnswer: 100.0\nQuestion: what roi does this represent?\n"
},
{
"role": "agent",
"content": "-0.2"
}
] |
CONVFINQA1411
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of rsus ( in thousands )</td><td>weighted average grant-date fair value pershare</td></tr><tr><td>2</td><td>nonvested at december 31 2011</td><td>4302</td><td>$ 78.25</td></tr><tr><td>3</td><td>granted</td><td>1987</td><td>81.93</td></tr><tr><td>4</td><td>vested</td><td>-1299 ( 1299 )</td><td>80.64</td></tr><tr><td>5</td><td>forfeited</td><td>-168 ( 168 )</td><td>79.03</td></tr><tr><td>6</td><td>nonvested at december 31 2012</td><td>4822</td><td>$ 79.10</td></tr><tr><td>7</td><td>granted</td><td>1356</td><td>89.24</td></tr><tr><td>8</td><td>vested</td><td>-2093 ( 2093 )</td><td>79.26</td></tr><tr><td>9</td><td>forfeited</td><td>-226 ( 226 )</td><td>81.74</td></tr><tr><td>10</td><td>nonvested at december 31 2013</td><td>3859</td><td>$ 82.42</td></tr><tr><td>11</td><td>granted</td><td>745</td><td>146.85</td></tr><tr><td>12</td><td>vested</td><td>-2194 ( 2194 )</td><td>87.66</td></tr><tr><td>13</td><td>forfeited</td><td>-84 ( 84 )</td><td>91.11</td></tr><tr><td>14</td><td>nonvested at december 31 2014</td><td>2326</td><td>$ 97.80</td></tr></table> rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .\nQuestion: what is the non-cash stock-based compensation expense in 2013?\nAnswer: 189.0\nQuestion: what about in 2012?\nAnswer: 167.0\nQuestion: what is the net change?\nAnswer: 22.0\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "0.13174"
}
] |
CONVFINQA8840
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 significant changes from december 31 , 2008 to december 31 , 2009 in level 3 assets and liabilities are due to : a net decrease in trading securities of $ 10.8 billion that was driven by : 2022 net transfers of $ 6.5 billion , due mainly to the transfer of debt 2013 securities from level 3 to level 2 due to increased liquidity and pricing transparency ; and net settlements of $ 5.8 billion , due primarily to the liquidations of 2013 subprime securities of $ 4.1 billion . the change in net trading derivatives driven by : 2022 a net loss of $ 4.9 billion relating to complex derivative contracts , 2013 such as those linked to credit , equity and commodity exposures . these losses include both realized and unrealized losses during 2009 and are partially offset by gains recognized in instruments that have been classified in levels 1 and 2 ; and net increase in derivative assets of $ 4.3 billion , which includes cash 2013 settlements of derivative contracts in an unrealized loss position , notably those linked to subprime exposures . the decrease in level 3 investments of $ 6.9 billion primarily 2022 resulted from : a reduction of $ 5.0 billion , due mainly to paydowns on debt 2013 securities and sales of private equity investments ; the net transfer of investment securities from level 3 to level 2 2013 of $ 1.5 billion , due to increased availability of observable pricing inputs ; and net losses recognized of $ 0.4 billion due mainly to losses on non- 2013 marketable equity securities including write-downs on private equity investments . the decrease in securities sold under agreements to repurchase of 2022 $ 9.1 billion is driven by a $ 8.6 billion net transfers from level 3 to level 2 as effective maturity dates on structured repos have shortened . the decrease in long-term debt of $ 1.5 billion is driven mainly by 2022 $ 1.3 billion of net terminations of structured notes . transfers between level 1 and level 2 of the fair value hierarchy the company did not have any significant transfers of assets or liabilities between levels 1 and 2 of the fair value hierarchy during 2010 . items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above . these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment . in addition , these assets include loans held-for-sale that are measured at locom that were recognized at fair value below cost at the end of the period . the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices . such loans are generally classified as level 2 of the fair value hierarchy given the level of activity in the market and the frequency of available quotes . if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan . the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2010 and 2009 : in billions of dollars aggregate cost fair value level 2 level 3 . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>aggregate cost</td><td>fair value</td><td>level 2</td><td>level 3</td></tr><tr><td>2</td><td>december 31 2010</td><td>$ 3.1</td><td>$ 2.5</td><td>$ 0.7</td><td>$ 1.8</td></tr><tr><td>3</td><td>december 31 2009</td><td>$ 2.5</td><td>$ 1.6</td><td>$ 0.3</td><td>$ 1.3</td></tr></table> .\nQuestion: what was the total of loans held-for-sale that are carried at locom in 2010?\nAnswer: 2.5\nQuestion: and what was it in 2009?\nAnswer: 1.6\nQuestion: how much, then, did the 2010 total represent in relation to this 2009 one?\nAnswer: 1.5625\nQuestion: and what is this representation as a portion of the 2009 total?\nAnswer: 0.97656\nQuestion: and from 2008 to that year, what was the amount of net terminations of structured notes?\n"
},
{
"role": "agent",
"content": "1.3"
}
] |
CONVFINQA450
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\nAnswer: 62.2\nQuestion: and what was it in 2013?\n"
},
{
"role": "agent",
"content": "195.0"
}
] |
CONVFINQA154
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\nAnswer: 2054.0\nQuestion: and what was the total net cash provided?\nAnswer: 2420.9\nQuestion: what was, then, the balance of that net cash by the end of the year?\n"
},
{
"role": "agent",
"content": "366.9"
}
] |
CONVFINQA2600
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 7632</td><td>$ 10640</td><td>$ -431 ( 431 )</td></tr><tr><td>3</td><td>foreign currency translation adjustments</td><td>5156</td><td>-4144 ( 4144 )</td><td>17343</td></tr><tr><td>4</td><td>income tax effect relating to translation adjustments forundistributed foreign earnings</td><td>-2208 ( 2208 )</td><td>1136</td><td>-6272 ( 6272 )</td></tr><tr><td>5</td><td>ending balance</td><td>$ 10580</td><td>$ 7632</td><td>$ 10640</td></tr></table> the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text .\nQuestion: what was the change in the average price of repurchased shares from 2010 to 2011?\n"
},
{
"role": "agent",
"content": "2.62"
}
] |
CONVFINQA10746
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfair valuation the following table shows the expected versus actual rate of return on plan assets for the u.s . pension and postretirement plans: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>expected rate of return</td><td>7.75% ( 7.75 % )</td><td>8.0% ( 8.0 % )</td><td>8.0% ( 8.0 % )</td></tr><tr><td>3</td><td>actual rate of return</td><td>( 5.42 ) % ( % )</td><td>13.2% ( 13.2 % )</td><td>14.7% ( 14.7 % )</td></tr></table> for the foreign plans , pension expense for 2008 was reduced by the expected return of $ 487 million , compared with the actual return of $ ( 883 ) million . pension expense for 2007 and 2006 was reduced by expected returns of $ 477 million and $ 384 million , respectively . actual returns were higher in 2007 and 2006 than the expected returns in those years . discount rate the 2008 and 2007 discount rates for the u.s . pension and postretirement plans were selected by reference to a citigroup-specific analysis using each plan 2019s specific cash flows and compared with the moody 2019s aa long-term corporate bond yield for reasonableness . citigroup 2019s policy is to round to the nearest tenth of a percent . accordingly , at december 31 , 2008 , the discount rate was set at 6.1% ( 6.1 % ) for the pension plans and at 6.0% ( 6.0 % ) for the postretirement welfare plans . at december 31 , 2007 , the discount rate was set at 6.2% ( 6.2 % ) for the pension plans and 6.0% ( 6.0 % ) for the postretirement plans , referencing a citigroup-specific cash flow analysis . as of september 30 , 2006 , the u.s . pension plan was remeasured to reflect the freeze of benefits accruals for all non-grandfathered participants , effective january 1 , 2008 . under the september 30 , 2006 remeasurement and year-end analysis , the resulting plan-specific discount rate for the pension plan was 5.86% ( 5.86 % ) , which was rounded to 5.9% ( 5.9 % ) . the discount rates for the foreign pension and postretirement plans are selected by reference to high-quality corporate bond rates in countries that have developed corporate bond markets . however , where developed corporate bond markets do not exist , the discount rates are selected by reference to local government bond rates with a premium added to reflect the additional risk for corporate bonds . for additional information on the pension and postretirement plans , and on discount rates used in determining pension and postretirement benefit obligations and net benefit expense for the company 2019s plans , as well as the effects of a one percentage-point change in the expected rates of return and the discount rates , see note 9 to the company 2019s consolidated financial statements on page 144 . adoption of sfas 158 upon the adoption of sfas no . 158 , employer 2019s accounting for defined benefit pensions and other postretirement benefits ( sfas 158 ) , at december 31 , 2006 , the company recorded an after-tax charge to equity of $ 1.6 billion , which corresponds to the plans 2019 net pension and postretirement liabilities and the write-off of the existing prepaid asset , which relates to unamortized actuarial gains and losses , prior service costs/benefits and transition assets/liabilities . for a discussion of fair value of assets and liabilities , see 201csignificant accounting policies and significant estimates 201d on page 18 and notes 26 , 27 and 28 to the consolidated financial statements on pages 192 , 202 and 207. .\nQuestion: what was the net change in the expected return from 2007 to 2008?\n"
},
{
"role": "agent",
"content": "10.0"
}
] |
CONVFINQA8073
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .\nQuestion: what was the net change in expected volatility from 2012 to 2013?\nAnswer: 1.1\nQuestion: what was expected volatility in 2012?\n"
},
{
"role": "agent",
"content": "27.8"
}
] |
CONVFINQA8284
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nour tax returns are currently under examination in various foreign jurisdictions . the major foreign tax jurisdictions under examination include germany , italy and switzerland . 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 . 12 . capital stock and earnings per share we have 2 million shares of series a participating cumulative preferred stock authorized for issuance , none of which were outstanding as of december 31 , 2007 . 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>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>235.5</td><td>243.0</td><td>247.1</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>2.0</td><td>2.4</td><td>2.7</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>237.5</td><td>245.4</td><td>249.8</td></tr></table> weighted average shares outstanding for basic net earnings per share 235.5 243.0 247.1 effect of dilutive stock options and other equity awards 2.0 2.4 2.7 weighted average shares outstanding for diluted net earnings per share 237.5 245.4 249.8 for the year ended december 31 , 2007 , an average of 3.1 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 , 2006 and 2005 , an average of 7.6 million and 2.9 million options , respectively , were not included . in december 2005 , our board of directors authorized a stock repurchase program of up to $ 1 billion through december 31 , 2007 . in december 2006 , our board of directors authorized an additional stock repurchase program of up to $ 1 billion through december 31 , 2008 . as of december 31 , 2007 we had acquired approximately 19345200 shares at a cost of $ 1378.9 million , before commissions . 13 . segment data we design , develop , manufacture and market reconstructive orthopaedic implants , including joint and dental , spinal implants , trauma products and related orthopaedic 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 , 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 7 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 ) .\nQuestion: what is the basic weight shares outstanding of 2007?\nAnswer: 235.5\nQuestion: and what is that of 2005?\nAnswer: 247.1\nQuestion: how much does that basic weight shares outstanding of 2007 represents in relation to that of 2005?\nAnswer: 0.95306\nQuestion: what is the difference between that and the number 1 that represents 100%?\n"
},
{
"role": "agent",
"content": "-0.04694"
}
] |
CONVFINQA663
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nexpected term 2014 the company uses historical employee exercise and option expiration data to estimate the expected term assumption for the black-scholes grant-date valuation . the company believes that this historical data is currently the best estimate of the expected term of a new option , and that generally its employees exhibit similar exercise behavior . risk-free interest rate 2014 the yield on zero-coupon u.s . treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate . expected dividend yield 2014 expected dividend yield is calculated by annualizing the cash dividend declared by the company 2019s board of directors for the current quarter and dividing that result by the closing stock price on the date of grant . until such time as the company 2019s board of directors declares a cash dividend for an amount that is different from the current quarter 2019s cash dividend , the current dividend will be used in deriving this assumption . cash dividends are not paid on options , restricted stock or restricted stock units . in connection with the acquisition , the company granted restricted stock awards to replace outstanding restricted stock awards of linear employees . these restricted stock awards entitle recipients to voting and nonforfeitable dividend rights from the date of grant . stock-based compensation expensexp p the amount of stock-based compensation expense recognized during a period is based on the value of the awards that are ultimately expected to vest . forfeitures are estimated at the time of grant and revised , if necessary , in subsequent periods if actual forfeitures differ from those estimates . the term 201cforfeitures 201d is distinct from 201ccancellations 201d or 201cexpirations 201d and represents only the unvested portion of the surrendered stock-based award . based on an analysis of its historical forfeitures , the company has applied an annual forfeitureff rate of 5.0% ( 5.0 % ) to all unvested stock-based awards as of november 2 , 2019 . this analysis will be re-evaluated quarterly and the forfeiture rate will be adjusted as necessary . ultimately , the actual expense recognized over the vesting period will only be for those awards that vest . total stock-based compensation expense recognized is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>cost of sales</td><td>$ 20628</td><td>$ 18733</td><td>$ 12569</td></tr><tr><td>3</td><td>research and development</td><td>75305</td><td>81444</td><td>51258</td></tr><tr><td>4</td><td>selling marketing general and administrative</td><td>51829</td><td>50988</td><td>40361</td></tr><tr><td>5</td><td>special charges</td><td>2538</td><td>2014</td><td>2014</td></tr><tr><td>6</td><td>total stock-based compensation expense</td><td>$ 150300</td><td>$ 151165</td><td>$ 104188</td></tr></table> as of november 2 , 2019 and november 3 , 2018 , the company capitalized $ 6.8 million and $ 7.1 million , respectively , of stock-based compensation in inventory . additional paid-in-capital ( apic ) pp poolp p ( ) the company adopted asu 2016-09 during fiscal 2018 . asu 2016-09 eliminated the apic pool and requires that excess tax benefits and tax deficiencies be recorded in the income statement when awards are settled . as a result of this adoption the company recorded total excess tax benefits of $ 28.7 million and $ 26.2 million in fiscal 2019 and fiscal 2018 , respectively , from its stock-based compensation payments within income tax expense in its consolidated statements of income . for fiscal 2017 , the apic pool represented the excess tax benefits related to stock-based compensation that were available to absorb future tax deficiencies . if the amount of future tax deficiencies was greater than the available apic pool , the company recorded the excess as income tax expense in its consolidated statements of income . for fiscal 2017 , the company had a sufficient apic pool to cover any tax deficiencies recorded and as a result , these deficiencies did not affect its results of operations . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the value of research & development in 2019?\nAnswer: 75305.0\nQuestion: and in 2018?\n"
},
{
"role": "agent",
"content": "81444.0"
}
] |
CONVFINQA2397
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 is the intangible assets of 2014?\nAnswer: 214112.0\nQuestion: and that of 2013?\nAnswer: 204866.0\nQuestion: how much does that intangible assets of 2014 represents in relation to that of 2013?\n"
},
{
"role": "agent",
"content": "1.04513"
}
] |
CONVFINQA3943
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsidered to be the primary beneficiary of either entity and have therefore deconsolidated both entities . at december 31 , 2010 , we held a 36% ( 36 % ) interest in juniperus which is accounted for using the equity method of accounting . our potential loss at december 31 , 2010 is limited to our investment of $ 73 million in juniperus , which is recorded in investments in the consolidated statements of financial position . we have not provided any financing to juniperus other than previously contractually required amounts . juniperus and jchl had combined assets and liabilities of $ 121 million and $ 22 million , respectively , at december 31 , 2008 . for the year ended december 31 , 2009 , we recognized $ 36 million of pretax income from juniperus and jchl . we recognized $ 16 million of after-tax income , after allocating the appropriate share of net income to the non-controlling interests . we previously owned an 85% ( 85 % ) economic equity interest in globe re limited ( 2018 2018globe re 2019 2019 ) , a vie , which provided reinsurance coverage for a defined portfolio of property catastrophe reinsurance contracts underwritten by a third party for a limited period which ended june 1 , 2009 . we consolidated globe re as we were deemed to be the primary beneficiary . in connection with the winding up of its operations , globe re repaid its $ 100 million of short-term debt and our equity investment from available cash in 2009 . we recognized $ 2 million of after-tax income from globe re in 2009 , taking into account the share of net income attributable to non-controlling interests . globe re was fully liquidated in the third quarter of 2009 . review by segment general we serve clients through the following segments : 2022 risk solutions ( formerly risk and insurance brokerage services ) 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 ( formerly consulting ) 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>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>revenue</td><td>$ 6423</td><td>$ 6305</td><td>$ 6197</td></tr><tr><td>3</td><td>operating income</td><td>1194</td><td>900</td><td>846</td></tr><tr><td>4</td><td>operating margin</td><td>18.6% ( 18.6 % )</td><td>14.3% ( 14.3 % )</td><td>13.7% ( 13.7 % )</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 most closely correlated with employment levels , corporate revenue and asset values . during 2010 we continued to see a 2018 2018soft market 2019 2019 , which began in 2007 , in our retail brokerage product line . 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 .\nQuestion: what was the sum of revenues for 2009 and 2010?\nAnswer: 12728.0\nQuestion: what were revenues in 2008?\nAnswer: 6197.0\nQuestion: what is the total sum including 2008?\n"
},
{
"role": "agent",
"content": "18925.0"
}
] |
CONVFINQA4580
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 11 2014executive compensation we incorporate by reference in this item 11 the information relating to executive and director compensation contained under the headings 201cother information about the board and its committees , 201d 201ccompensation and other benefits 201d and 201creport of the compensation committee 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . item 12 2014security ownership of certain beneficial owners and management and related stockholder matters we incorporate by reference in this item 12 the information relating to ownership of our common stock by certain persons contained under the headings 201ccommon stock ownership of management 201d and 201ccommon stock ownership by certain other persons 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . the following table provides certain information as of may 31 , 2013 concerning the shares of the company 2019s common stock that may be issued under existing equity compensation plans . for more information on these plans , see note 11 to notes to consolidated financial statements . plan category number of securities to be issued upon exercise of outstanding options , warrants and rights 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 ) ) equity compensation plans approved by security holders : 1765510 $ 34.92 7927210 ( 1 ) equity compensation plans not approved by security holders : 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 ( a )</td><td>weighted-average exerciseprice of outstanding options warrants and rights ( b )</td><td>number of securitiesremaining available forfuture issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td><td>-</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders:</td><td>1765510</td><td>$ 34.92</td><td>7927210</td><td>-1 ( 1 )</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders:</td><td>2014</td><td>2014</td><td>2014</td><td>-</td></tr><tr><td>4</td><td>total</td><td>1765510</td><td>$ 34.92</td><td>7927210</td><td>-1 ( 1 )</td></tr></table> ( 1 ) also includes shares of common stock available for issuance other than upon the exercise of an option , warrant or right under the global payments inc . 2000 long-term incentive plan , as amended and restated , the global payments inc . amended and restated 2005 incentive plan , amended and restated 2000 non- employee director stock option plan , global payments employee stock purchase plan and the global payments inc . 2011 incentive plan . item 13 2014certain relationships and related transactions , and director independence we incorporate by reference in this item 13 the information regarding certain relationships and related transactions between us and some of our affiliates and the independence of our board of directors contained under the headings 201ccertain relationships and related transactions 201d and 201cother information about the board and its committees 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . item 14 2014principal accounting fees and services we incorporate by reference in this item 14 the information regarding principal accounting fees and services contained under the section ratification of the reappointment of auditors from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013. .\nQuestion: what was the number of securities approved by security holders?\nAnswer: 1765510.0\nQuestion: and what was the value of each of those securities?\n"
},
{
"role": "agent",
"content": "34.92"
}
] |
CONVFINQA7540
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nincluded in selling , general and administrative expense was rent expense of $ 83.0 million , $ 59.0 million and $ 41.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 11.0 million , $ 11.0 million and $ 7.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2015 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2015 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2016</td><td>$ 126488</td></tr><tr><td>2</td><td>2017</td><td>138607</td></tr><tr><td>3</td><td>2018</td><td>137591</td></tr><tr><td>4</td><td>2019</td><td>98486</td></tr><tr><td>5</td><td>2020</td><td>67997</td></tr><tr><td>6</td><td>2021 and thereafter</td><td>289374</td></tr><tr><td>7</td><td>total future minimum sponsorship and other payments</td><td>$ 858543</td></tr></table> the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . following the company 2019s announcement of the creation of a new class of common stock , referred to as the class c common stock , par value $ 0.0003 1/3 per share , four purported class action lawsuits were brought .\nQuestion: as of december 31, 2015, what was the amount of the future minimum payments due in 2016?\nAnswer: 126488.0\nQuestion: and what was the total of those payments?\nAnswer: 858543.0\nQuestion: what percentage, then, of this total did that amount represent?\nAnswer: 0.14733\nQuestion: and between that year of 2015 and the year before, what was the variation in the rent expense included in the selling, general and administrative expense?\n"
},
{
"role": "agent",
"content": "24.0"
}
] |
CONVFINQA2117
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2014</td><td>as of december 2013</td></tr><tr><td>2</td><td>common shareholders 2019 equity</td><td>$ 73597</td><td>$ 71267</td></tr><tr><td>3</td><td>deductions for goodwill and identifiable intangible assets net of deferred tax liabilities</td><td>-3196 ( 3196 )</td><td>-3468 ( 3468 )</td></tr><tr><td>4</td><td>deductions for investments in nonconsolidated financial institutions</td><td>-4928 ( 4928 )</td><td>-9091 ( 9091 )</td></tr><tr><td>5</td><td>other adjustments</td><td>-1213 ( 1213 )</td><td>-489 ( 489 )</td></tr><tr><td>6</td><td>cet1</td><td>$ 64260</td><td>$ 58219</td></tr><tr><td>7</td><td>basel iii advanced rwas</td><td>$ 577869</td><td>$ 594662</td></tr><tr><td>8</td><td>basel iii advanced cet1 ratio</td><td>11.1% ( 11.1 % )</td><td>9.8% ( 9.8 % )</td></tr><tr><td>9</td><td>standardized rwas</td><td>$ 627444</td><td>$ 635092</td></tr><tr><td>10</td><td>standardized cet1 ratio</td><td>10.2% ( 10.2 % )</td><td>9.2% ( 9.2 % )</td></tr></table> although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) . these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators . see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 . in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively . 2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds . the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments . 2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions . supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations . under amendments to the revised capital framework , the u.s . federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee . the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments . the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s . banks deemed to be g-sibs , effective on january 1 , 2018 . certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 . as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) . we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies . this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s . federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators . 60 goldman sachs 2014 annual report .\nQuestion: what was the balance of common shareholders by the end of 2014?\nAnswer: 73597.0\nQuestion: and what was it at the beginning of the year?\nAnswer: 71267.0\nQuestion: what was, then, the variation over the year?\nAnswer: 2330.0\nQuestion: and what is this variation as a percentage of the beginning balance?\n"
},
{
"role": "agent",
"content": "0.03269"
}
] |
CONVFINQA6222
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfrom those currently anticipated and expressed in such forward-looking statements as a result of a number of factors , including those we discuss under 201crisk factors 201d and elsewhere in this form 10-k . you should read 201crisk factors 201d and 201cforward-looking statements . 201d executive overview general american water works company , inc . ( herein referred to as 201camerican water 201d or the 201ccompany 201d ) is the largest investor-owned united states water and wastewater utility company , as measured both by operating revenues and population served . our approximately 6400 employees provide drinking water , wastewater and other water related services to an estimated 15 million people in 47 states and in one canadian province . our primary business involves the ownership of water and wastewater utilities that provide water and wastewater services to residential , commercial , industrial and other customers . our regulated businesses that provide these services are generally subject to economic regulation by state regulatory agencies in the states in which they operate . the federal government and the states also regulate environmental , health and safety and water quality matters . our regulated businesses provide services in 16 states and serve approximately 3.2 million customers based on the number of active service connections to our water and wastewater networks . we report the results of these businesses in our regulated businesses segment . we also provide services that are not subject to economic regulation by state regulatory agencies . we report the results of these businesses in our market-based operations segment . in 2014 , we continued the execution of our strategic goals . our commitment to growth through investment in our regulated infrastructure and expansion of our regulated customer base and our market-based operations , combined with operational excellence led to continued improvement in regulated operating efficiency , improved performance of our market-based operations , and enabled us to provide increased value to our customers and investors . during the year , we focused on growth , addressed regulatory lag , made more efficient use of capital and improved our regulated operation and maintenance ( 201co&m 201d ) efficiency ratio . 2014 financial results for the year ended december 31 , 2014 , we continued to increase net income , while making significant capital investment in our infrastructure and implementing operational efficiency improvements to keep customer rates affordable . highlights of our 2014 operating results compared to 2013 and 2012 include: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>income from continuing operations</td><td>$ 2.39</td><td>$ 2.07</td><td>$ 2.10</td></tr><tr><td>3</td><td>income ( loss ) from discontinued operations net of tax</td><td>$ -0.04 ( 0.04 )</td><td>$ -0.01 ( 0.01 )</td><td>$ -0.09 ( 0.09 )</td></tr><tr><td>4</td><td>diluted earnings per share</td><td>$ 2.35</td><td>$ 2.06</td><td>$ 2.01</td></tr></table> continuing operations income from continuing operations included 4 cents per diluted share of costs resulting from the freedom industries chemical spill in west virginia in 2014 and included 14 cents per diluted share in 2013 related to a tender offer . earnings from continuing operations , adjusted for these two items , increased 10% ( 10 % ) , or 22 cents per share , mainly due to favorable operating results from our regulated businesses segment due to higher revenues and lower operating expenses , partially offset by higher depreciation expenses . also contributing to the overall increase in income from continuing operations was lower interest expense in 2014 compared to the same period in 2013. .\nQuestion: what is the income from continuing operations in 2014?\nAnswer: 2.39\nQuestion: what about in 2012?\n"
},
{
"role": "agent",
"content": "2.1"
}
] |
CONVFINQA707
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2007 through october 28 , 2012 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 28 , 2007 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index * $ 100 invested on 10/28/07 in stock or 10/31/07 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2012 s&p , a division of the mcgraw-hill companies inc . all rights reserved. . <table class='wikitable'><tr><td>1</td><td>-</td><td>10/28/2007</td><td>10/26/2008</td><td>10/25/2009</td><td>10/31/2010</td><td>10/30/2011</td><td>10/28/2012</td></tr><tr><td>2</td><td>applied materials</td><td>100.00</td><td>61.22</td><td>71.06</td><td>69.23</td><td>72.37</td><td>62.92</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>63.90</td><td>70.17</td><td>81.76</td><td>88.37</td><td>101.81</td></tr><tr><td>4</td><td>rdg semiconductor composite index</td><td>100.00</td><td>54.74</td><td>68.59</td><td>84.46</td><td>91.33</td><td>82.37</td></tr></table> dividends during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.09 per share each and one quarterly cash dividend in the amount of $ 0.08 per share . during fiscal 2011 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.08 per share each and one quarterly cash dividend in the amount of $ 0.07 per share . during fiscal 2010 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.07 per share each and one quarterly cash dividend in the amount of $ 0.06 . dividends declared during fiscal 2012 , 2011 and 2010 amounted to $ 438 million , $ 408 million and $ 361 million , respectively . applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders . 10/28/07 10/26/08 10/25/09 10/31/10 10/30/11 10/28/12 applied materials , inc . s&p 500 rdg semiconductor composite .\nQuestion: what was the product of the dividend paid per share for the first 3 quarters in 2012?\nAnswer: 0.27\nQuestion: what was the dividend paid per share in the last quarter of 2012?\nAnswer: 0.08\nQuestion: what is the sum of the dividend payments per share?\nAnswer: 0.35\nQuestion: what is the value of total dividends paid by the amount paid per share?\n"
},
{
"role": "agent",
"content": "1251.42857"
}
] |
CONVFINQA3734
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\napplication of specific accounting literature . for the nonconsolidated proprietary tob trusts and qspe tob trusts , the company recognizes only its residual investment on its balance sheet at fair value and the third-party financing raised by the trusts is off-balance sheet . the following table summarizes selected cash flow information related to municipal bond securitizations for the years 2008 , 2007 and 2006 : in billions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>proceeds from new securitizations</td><td>$ 1.2</td><td>$ 10.5</td><td>2014</td></tr><tr><td>3</td><td>cash flows received on retained interests and other net cash flows</td><td>0.5</td><td>2014</td><td>2014</td></tr></table> cash flows received on retained interests and other net cash flows 0.5 2014 2014 municipal investments municipal investment transactions represent partnerships that finance the construction and rehabilitation of low-income affordable rental housing . the company generally invests in these partnerships as a limited partner and earns a return primarily through the receipt of tax credits earned from the affordable housing investments made by the partnership . client intermediation client intermediation transactions represent a range of transactions designed to provide investors with specified returns based on the returns of an underlying security , referenced asset or index . these transactions include credit-linked notes and equity-linked notes . in these transactions , the spe typically obtains exposure to the underlying security , referenced asset or index through a derivative instrument , such as a total-return swap or a credit-default swap . in turn the spe issues notes to investors that pay a return based on the specified underlying security , referenced asset or index . the spe invests the proceeds in a financial asset or a guaranteed insurance contract ( gic ) that serves as collateral for the derivative contract over the term of the transaction . the company 2019s involvement in these transactions includes being the counterparty to the spe 2019s derivative instruments and investing in a portion of the notes issued by the spe . in certain transactions , the investor 2019s maximum risk of loss is limited and the company absorbs risk of loss above a specified level . the company 2019s maximum risk of loss in these transactions is defined as the amount invested in notes issued by the spe and the notional amount of any risk of loss absorbed by the company through a separate instrument issued by the spe . the derivative instrument held by the company may generate a receivable from the spe ( for example , where the company purchases credit protection from the spe in connection with the spe 2019s issuance of a credit-linked note ) , which is collateralized by the assets owned by the spe . these derivative instruments are not considered variable interests under fin 46 ( r ) and any associated receivables are not included in the calculation of maximum exposure to the spe . structured investment vehicles structured investment vehicles ( sivs ) are spes that issue junior notes and senior debt ( medium-term notes and short-term commercial paper ) to fund the purchase of high quality assets . the junior notes are subject to the 201cfirst loss 201d risk of the sivs . the sivs provide a variable return to the junior note investors based on the net spread between the cost to issue the senior debt and the return realized by the high quality assets . the company acts as manager for the sivs and , prior to december 13 , 2007 , was not contractually obligated to provide liquidity facilities or guarantees to the sivs . in response to the ratings review of the outstanding senior debt of the sivs for a possible downgrade announced by two ratings agencies and the continued reduction of liquidity in the siv-related asset-backed commercial paper and medium-term note markets , on december 13 , 2007 , citigroup announced its commitment to provide support facilities that would support the sivs 2019 senior debt ratings . as a result of this commitment , citigroup became the sivs 2019 primary beneficiary and began consolidating these entities . on february 12 , 2008 , citigroup finalized the terms of the support facilities , which took the form of a commitment to provide $ 3.5 billion of mezzanine capital to the sivs in the event the market value of their junior notes approaches zero . the mezzanine capital facility was increased by $ 1 billion to $ 4.5 billion , with the additional commitment funded during the fourth quarter of 2008 . the facilities rank senior to the junior notes but junior to the commercial paper and medium-term notes . the facilities were at arm 2019s-length terms . interest was paid on the drawn amount of the facilities and a per annum fee was paid on the unused portion . during the period to november 18 , 2008 , the company wrote down $ 3.3 billion on siv assets . in order to complete the wind-down of the sivs , the company , in a nearly cashless transaction , purchased the remaining assets of the sivs at fair value , with a trade date of november 18 , 2008 . the company funded the purchase of the siv assets by assuming the obligation to pay amounts due under the medium-term notes issued by the sivs , as the medium-term notes mature . the net funding provided by the company to fund the purchase of the siv assets was $ 0.3 billion . as of december 31 , 2008 , the carrying amount of the purchased siv assets was $ 16.6 billion , of which $ 16.5 billion is classified as htm assets . investment funds the company is the investment manager for certain investment funds that invest in various asset classes including private equity , hedge funds , real estate , fixed income and infrastructure . the company earns a management fee , which is a percentage of capital under management , and may earn performance fees . in addition , for some of these funds the company has an ownership interest in the investment funds . the company has also established a number of investment funds as opportunities for qualified employees to invest in private equity investments . the company acts as investment manager to these funds and may provide employees with financing on both a recourse and non-recourse basis for a portion of the employees 2019 investment commitments. .\nQuestion: what are the proceeds from new securitizations in 2008?\n"
},
{
"role": "agent",
"content": "1.2"
}
] |
CONVFINQA2427
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations ( continued ) funding deposits : we provide products and services including custody , accounting , administration , daily pricing , foreign exchange services , cash management , financial asset management , securities finance and investment advisory services . as a provider of these products and services , we generate client deposits , which have generally provided a stable , low-cost source of funds . as a global custodian , clients place deposits with state street entities in various currencies . we invest these client deposits in a combination of investment securities and short- duration financial instruments whose mix is determined by the characteristics of the deposits . for the past several years , we have experienced higher client deposit inflows toward the end of the quarter or the end of the year . as a result , we believe average client deposit balances are more reflective of ongoing funding than period-end balances . table 33 : client deposits average balance december 31 , year ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>december 31 , 2014</td><td>december 31 , 2013</td><td>december 31 , 2014</td><td>2013</td></tr><tr><td>2</td><td>client deposits ( 1 )</td><td>$ 195276</td><td>$ 182268</td><td>$ 167470</td><td>$ 143043</td></tr></table> client deposits ( 1 ) $ 195276 $ 182268 $ 167470 $ 143043 ( 1 ) balance as of december 31 , 2014 excluded term wholesale certificates of deposit , or cds , of $ 13.76 billion ; average balances for the year ended december 31 , 2014 and 2013 excluded average cds of $ 6.87 billion and $ 2.50 billion , respectively . short-term funding : our corporate commercial paper program , under which we can issue up to $ 3.0 billion of commercial paper with original maturities of up to 270 days from the date of issuance , had $ 2.48 billion and $ 1.82 billion of commercial paper outstanding as of december 31 , 2014 and 2013 , respectively . our on-balance sheet liquid assets are also an integral component of our liquidity management strategy . these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales . in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors . as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral . short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase . these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities . these balances were $ 8.93 billion and $ 7.95 billion as of december 31 , 2014 and 2013 , respectively . state street bank currently maintains a line of credit with a financial institution of cad $ 800 million , or approximately $ 690 million as of december 31 , 2014 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2014 , there was no balance outstanding on this line of credit . long-term funding : as of december 31 , 2014 , state street bank had board authority to issue unsecured senior debt securities from time to time , provided that the aggregate principal amount of such unsecured senior debt outstanding at any one time does not exceed $ 5 billion . as of december 31 , 2014 , $ 4.1 billion was available for issuance pursuant to this authority . as of december 31 , 2014 , state street bank also had board authority to issue an additional $ 500 million of subordinated debt . we maintain an effective universal shelf registration that allows for the public offering and sale of debt securities , capital securities , common stock , depositary shares and preferred stock , and warrants to purchase such securities , including any shares into which the preferred stock and depositary shares may be convertible , or any combination thereof . we have issued in the past , and we may issue in the future , securities pursuant to our shelf registration . the issuance of debt or equity securities will depend on future market conditions , funding needs and other factors . agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies . factors essential to maintaining high credit ratings include diverse and stable core earnings ; relative market position ; strong risk management ; strong capital ratios ; diverse liquidity sources , including the global capital markets and client deposits ; strong liquidity monitoring procedures ; and preparedness for current or future regulatory developments . high ratings limit borrowing costs and enhance our liquidity by providing assurance for unsecured funding and depositors , increasing the potential market for our debt and improving our ability to offer products , serve markets , and engage in transactions in which clients value high credit ratings . a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital .\nQuestion: what was the value of deposits of clients in 2014?\n"
},
{
"role": "agent",
"content": "195276.0"
}
] |
CONVFINQA3704
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninvestment policy , which is described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . we calculate the expense associated with the pension plan and the assumptions and methods that we use include a policy of reflecting trust assets at their fair market value . on an annual basis , we review the actuarial assumptions related to the pension plan , including the discount rate , the rate of compensation increase and the expected return on plan assets . the discount rate and compensation increase assumptions do not significantly affect pension expense . however , the expected long-term return on assets assumption does significantly affect pension expense . our expected long- term return on plan assets for determining net periodic pension expense has been 8.25% ( 8.25 % ) for the past three years . the expected return on plan assets is a long-term assumption established by considering historical and anticipated returns of the asset classes invested in by the pension plan and the allocation strategy currently in place among those classes . while this analysis gives appropriate consideration to recent asset performance and historical returns , the assumption represents a long-term prospective return . we review this assumption at each measurement date and adjust it if warranted . for purposes of setting and reviewing this assumption , 201clong- term 201d refers to the period over which the plan 2019s projected benefit obligation will be disbursed . while year-to-year annual returns can vary significantly ( rates of return for the reporting years of 2009 , 2008 , and 2007 were +20.61% ( +20.61 % ) , -32.91% ( -32.91 % ) , and +7.57% ( +7.57 % ) , respectively ) , the assumption represents our estimate of long-term average prospective returns . our selection process references certain historical data and the current environment , but primarily utilizes qualitative judgment regarding future return expectations . recent annual returns may differ but , recognizing the volatility and unpredictability of investment returns , we generally do not change the assumption unless we modify our investment strategy or identify events that would alter our expectations of future returns . to evaluate the continued reasonableness of our assumption , we examine a variety of viewpoints and data . various studies have shown that portfolios comprised primarily of us equity securities have returned approximately 10% ( 10 % ) over long periods of time , while us debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation of equities and bonds produces a result between 8% ( 8 % ) and 8.5% ( 8.5 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns , and in many cases low returns in recent time periods are followed by higher returns in future periods ( and vice versa ) . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from other observers . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . the expected long-term return on plan assets for determining net periodic pension cost for 2009 was 8.25% ( 8.25 % ) , unchanged from 2008 . during 2010 , we intend to decrease the midpoint of the plan 2019s target allocation range for equities by approximately five percentage points . as a result of this change and taking into account all other factors described above , pnc will change the expected long-term return on plan assets to 8.00% ( 8.00 % ) for determining net periodic pension cost for 2010 . under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to change by up to $ 8 million as the impact is amortized into results of operations . the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2010 estimated expense as a baseline . change in assumption ( a ) estimated increase to 2010 pension expense ( in millions ) . <table class='wikitable'><tr><td>1</td><td>change in assumption ( a )</td><td>estimatedincrease to 2010pensionexpense ( inmillions )</td></tr><tr><td>2</td><td>.5% ( .5 % ) decrease in discount rate</td><td>$ 10</td></tr><tr><td>3</td><td>.5% ( .5 % ) decrease in expected long-term return on assets</td><td>$ 18</td></tr><tr><td>4</td><td>.5% ( .5 % ) increase in compensation rate</td><td>$ 3</td></tr></table> ( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . we currently estimate a pretax pension expense of $ 41 million in 2010 compared with pretax expense of $ 117 million in 2009 . this year-over-year reduction was primarily due to the amortization impact of the favorable 2009 investment returns as compared with the expected long-term return assumption . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of permitted contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we expect that the minimum required contributions under the law will be zero for 2010 . we maintain other defined benefit plans that have a less significant effect on financial results , including various .\nQuestion: what were the pretax pension expenses in 2010?\n"
},
{
"role": "agent",
"content": "117.0"
}
] |
CONVFINQA3071
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe authorized costs of $ 76 are to be recovered via a surcharge over a twenty-year period beginning october 2012 . surcharges collected as of december 31 , 2015 and 2014 were $ 4 and $ 5 , respectively . in addition to the authorized costs , the company expects to incur additional costs totaling $ 34 , which will be recovered from contributions made by the california state coastal conservancy . contributions collected as of december 31 , 2015 and 2014 were $ 8 and $ 5 , respectively . regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded . regulatory balancing accounts include low income programs and purchased power and water accounts . debt expense is amortized over the lives of the respective issues . call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates . purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s california subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey subsidiary . as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 . tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service . other regulatory assets include certain deferred business transformation costs , construction costs for treatment facilities , property tax stabilization , employee-related costs , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others . these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods . regulatory liabilities the regulatory liabilities generally represent probable future reductions in revenues associated with amounts that are to be credited or refunded to customers through the rate-making process . the following table summarizes the composition of regulatory liabilities as of december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>removal costs recovered through rates</td><td>$ 311</td><td>$ 301</td></tr><tr><td>3</td><td>pension and other postretirement benefitbalancing accounts</td><td>59</td><td>54</td></tr><tr><td>4</td><td>other</td><td>32</td><td>37</td></tr><tr><td>5</td><td>total regulatory liabilities</td><td>$ 402</td><td>$ 392</td></tr></table> removal costs recovered through rates are estimated costs to retire assets at the end of their expected useful life that are recovered through customer rates over the life of the associated assets . in december 2008 , the company 2019s subsidiary in new jersey , at the direction of the new jersey puc , began to depreciate $ 48 of the total balance into depreciation and amortization expense in the consolidated statements of operations via straight line amortization through november 2048 . pension and other postretirement benefit balancing accounts represent the difference between costs incurred and costs authorized by the puc 2019s that are expected to be refunded to customers. .\nQuestion: what was the removal costs recovered through rates for 2015?\nAnswer: 311.0\nQuestion: and for 2014?\nAnswer: 301.0\nQuestion: so what was the difference in this value between the years?\n"
},
{
"role": "agent",
"content": "10.0"
}
] |
CONVFINQA4585
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents research and development expense ( 201cr&d 201d ) r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 . this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities . also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard . although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in 2010 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to make further investments in r&d to remain competitive . r&d expense increased 20% ( 20 % ) or $ 224 million to $ 1.3 billion in 2009 compared to 2008 . this increase was due primarily to an increase in headcount in 2009 to support expanded r&d activities and higher stock-based compensation expenses . additionally , $ 71 million of software development costs were capitalized related to mac os x snow leopard and excluded from r&d expense during 2009 , compared to $ 11 million of software development costs capitalized during 2008 . although total r&d expense increased 20% ( 20 % ) during 2009 , it remained relatively flat as a percentage of net sales given the 14% ( 14 % ) increase in revenue in 2009 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 . this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased stock-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . sg&a expenses increased $ 388 million or 10% ( 10 % ) to $ 4.1 billion in 2009 compared to 2008 . this increase was due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , higher stock-based compensation expense and higher spending on marketing and advertising . other income and expense other income and expense for the three years ended september 25 , 2010 , are as follows ( in millions ) : total other income and expense decreased $ 171 million or 52% ( 52 % ) to $ 155 million during 2010 compared to $ 326 million and $ 620 million in 2009 and 2008 , respectively . the overall decrease in other income and expense is attributable to the significant declines in interest rates on a year- over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.75% ( 0.75 % ) , 1.43% ( 1.43 % ) and 3.44% ( 3.44 % ) during 2010 , 2009 and 2008 , respectively . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . during 2010 , 2009 and 2008 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 24% ( 24 % ) , 32% ( 32 % ) and 32% ( 32 % ) for 2010 , 2009 and 2008 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of 35% ( 35 % ) due . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>interest income</td><td>$ 311</td><td>$ 407</td><td>$ 653</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>-156 ( 156 )</td><td>-81 ( 81 )</td><td>-33 ( 33 )</td></tr><tr><td>4</td><td>total other income and expense</td><td>$ 155</td><td>$ 326</td><td>$ 620</td></tr></table> .\nQuestion: what is the sum of the effective tax rate for years 2010 and 2009?\nAnswer: 56.0\nQuestion: what was the effective tax rate in 2008?\nAnswer: 32.0\nQuestion: what is the sum including year 2008?\n"
},
{
"role": "agent",
"content": "88.0"
}
] |
CONVFINQA1555
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nof sales , competitive supply gross margin declined in south america , europe/africa and the caribbean and remained relatively flat in north america and asia . large utilities gross margin increased $ 201 million , or 37% ( 37 % ) , to $ 739 million in 2001 from $ 538 million in 2000 . excluding businesses acquired or that commenced commercial operations during 2001 and 2000 , large utilities gross margin increased 10% ( 10 % ) to $ 396 million in 2001 . large utilities gross margin as a percentage of revenues increased to 30% ( 30 % ) in 2001 from 25% ( 25 % ) in 2000 . in the caribbean ( which includes venezuela ) , large utility gross margin increased $ 166 million and was due to a full year of contribution from edc which was acquired in june 2000 . also , in north america , the gross margin contributions from both ipalco and cilcorp increased . growth distribution gross margin increased $ 165 million , or 126% ( 126 % ) to $ 296 million in 2001 from $ 131 million in 2000 . excluding businesses acquired during 2001 and 2000 , growth distribution gross margin increased 93% ( 93 % ) to $ 268 million in 2001 . growth distribution gross margin as a percentage of revenue increased to 18% ( 18 % ) in 2001 from 10% ( 10 % ) in 2000 . growth distribution business gross margin , as well as gross margin as a percentage of sales , increased in south america and the caribbean , but decreased in europe/africa and asia . in south america , growth distribution margin increased $ 157 million and was 38% ( 38 % ) of revenues . the increase is due primarily to sul 2019s sales of excess energy into the southeast market where rationing was taking place . in the caribbean , growth distribution margin increased $ 39 million and was 5% ( 5 % ) of revenues . the increase is due mainly to lower losses at ede este and an increase in contribution from caess . in europe/africa , growth distribution margin decreased $ 10 million and was negative due to losses at sonel . in asia , growth distribution margin decreased $ 18 million and was negative due primarily to an increase in losses at telasi . the breakdown of aes 2019s gross margin for the years ended december 31 , 2001 and 2000 , based on the geographic region in which they were earned , is set forth below. . <table class='wikitable'><tr><td>1</td><td>north america</td><td>2001 $ 912 million</td><td>% ( % ) of revenue 25% ( 25 % )</td><td>2000 $ 844 million</td><td>% ( % ) of revenue 25% ( 25 % )</td><td>% ( % ) change 8% ( 8 % )</td></tr><tr><td>2</td><td>south america</td><td>$ 522 million</td><td>30% ( 30 % )</td><td>$ 416 million</td><td>36% ( 36 % )</td><td>25% ( 25 % )</td></tr><tr><td>3</td><td>caribbean*</td><td>$ 457 million</td><td>25% ( 25 % )</td><td>$ 226 million</td><td>21% ( 21 % )</td><td>102% ( 102 % )</td></tr><tr><td>4</td><td>europe/africa</td><td>$ 310 million</td><td>22% ( 22 % )</td><td>$ 371 million</td><td>29% ( 29 % )</td><td>( 16% ( 16 % ) )</td></tr><tr><td>5</td><td>asia</td><td>$ 101 million</td><td>15% ( 15 % )</td><td>$ 138 million</td><td>22% ( 22 % )</td><td>( 27% ( 27 % ) )</td></tr></table> * includes venezuela and colombia . selling , general and administrative expenses selling , general and administrative expenses increased $ 38 million , or 46% ( 46 % ) , to $ 120 million in 2001 from $ 82 million in 2000 . selling , general and administrative expenses as a percentage of revenues remained constant at 1% ( 1 % ) in 2001 and 2000 . the overall increase in selling , general and administrative expenses is due to increased development activities . interest expense , net net interest expense increased $ 327 million , or 29% ( 29 % ) , to $ 1.5 billion in 2001 from $ 1.1 billion in 2000 . net interest expense as a percentage of revenues increased to 16% ( 16 % ) in 2001 from 15% ( 15 % ) in 2000 . net interest expense increased overall primarily due to interest expense at new businesses , additional corporate interest expense arising from senior debt issued during 2001 to finance new investments and mark-to-market losses on interest rate related derivative instruments. .\nQuestion: what is the gross profit for north america in 2001?\nAnswer: 912.0\nQuestion: what is is the gross margin?\n"
},
{
"role": "agent",
"content": "0.25"
}
] |
CONVFINQA3445
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 loan sales and securitizations loan sales we sell residential and commercial mortgage loans in loan securitization transactions sponsored by government national mortgage association ( gnma ) , fnma , and fhlmc and in certain instances to other third-party investors . gnma , fnma , and the fhlmc securitize our transferred loans into mortgage-backed securities for sale into the secondary market . generally , we do not retain any interest in the transferred loans other than mortgage servicing rights . refer to note 9 goodwill and other intangible assets for further discussion on our residential and commercial mortgage servicing rights assets . during 2009 , residential and commercial mortgage loans sold totaled $ 19.8 billion and $ 5.7 billion , respectively . during 2008 , commercial mortgage loans sold totaled $ 3.1 billion . there were no residential mortgage loans sales in 2008 as these activities were obtained through our acquisition of national city . our continuing involvement in these loan sales consists primarily of servicing and limited repurchase obligations for loan and servicer breaches in representations and warranties . generally , we hold a cleanup call repurchase option for loans sold with servicing retained to the other third-party investors . in certain circumstances as servicer , we advance principal and interest payments to the gses and other third-party investors and also may make collateral protection advances . our risk of loss in these servicing advances has historically been minimal . we maintain a liability for estimated losses on loans expected to be repurchased as a result of breaches in loan and servicer representations and warranties . we have also entered into recourse arrangements associated with commercial mortgage loans sold to fnma and fhlmc . refer to note 25 commitments and guarantees for further discussion on our repurchase liability and recourse arrangements . our maximum exposure to loss in our loan sale activities is limited to these repurchase and recourse obligations . in addition , for certain loans transferred in the gnma and fnma transactions , we hold an option to repurchase individual delinquent loans that meet certain criteria . without prior authorization from these gses , this option gives pnc the ability to repurchase the delinquent loan at par . under gaap , once we have the unilateral ability to repurchase the delinquent loan , effective control over the loan has been regained and we are required to recognize the loan and a corresponding repurchase liability on the balance sheet regardless of our intent to repurchase the loan . at december 31 , 2009 and december 31 , 2008 , the balance of our repurchase option asset and liability totaled $ 577 million and $ 476 million , respectively . securitizations in securitizations , loans are typically transferred to a qualifying special purpose entity ( qspe ) that is demonstrably distinct from the transferor to transfer the risk from our consolidated balance sheet . a qspe is a bankruptcy-remote trust allowed to perform only certain passive activities . in addition , these entities are self-liquidating and in certain instances are structured as real estate mortgage investment conduits ( remics ) for tax purposes . the qspes are generally financed by issuing certificates for various levels of senior and subordinated tranches . qspes are exempt from consolidation provided certain conditions are met . our securitization activities were primarily obtained through our acquisition of national city . credit card receivables , automobile , and residential mortgage loans were securitized through qspes sponsored by ncb . these qspes were financed primarily through the issuance and sale of beneficial interests to independent third parties and were not consolidated on our balance sheet at december 31 , 2009 or december 31 , 2008 . however , see note 1 accounting policies regarding accounting guidance that impacts the accounting for these qspes effective january 1 , 2010 . qualitative and quantitative information about the securitization qspes and our retained interests in these transactions follow . the following summarizes the assets and liabilities of the securitization qspes associated with securitization transactions that were outstanding at december 31 , 2009. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 31 2009 credit card</td><td>december 31 2009 mortgage</td><td>december 31 2009 credit card</td><td>mortgage</td></tr><tr><td>2</td><td>assets ( a )</td><td>$ 2368</td><td>$ 232</td><td>$ 2129</td><td>$ 319</td></tr><tr><td>3</td><td>liabilities</td><td>1622</td><td>232</td><td>1824</td><td>319</td></tr></table> ( a ) represents period-end outstanding principal balances of loans transferred to the securitization qspes . credit card loans at december 31 , 2009 , the credit card securitization series 2005-1 , 2006-1 , 2007-1 , and 2008-3 were outstanding . during the fourth quarter of 2009 , the 2008-1 and 2008-2 credit card securitization series matured . our continuing involvement in the securitized credit card receivables consists primarily of servicing and our holding of certain retained interests . servicing fees earned approximate current market rates for servicing fees ; therefore , no servicing asset or liability is recognized . we hold a clean-up call repurchase option to the extent a securitization series extends past its scheduled note principal payoff date . to the extent this occurs , the clean-up call option is triggered when the principal balance of the asset- backed notes of any series reaches 5% ( 5 % ) of the initial principal balance of the asset-backed notes issued at the securitization .\nQuestion: what is the total residential and commercial mortgage loans sold in 2009?\nAnswer: 19.8\nQuestion: what about in 2008?\nAnswer: 5.7\nQuestion: what is the difference?\n"
},
{
"role": "agent",
"content": "25.5"
}
] |
CONVFINQA4788
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries notes to financial statements amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>plant ( including nuclear fuel )</td><td>$ 727</td></tr><tr><td>3</td><td>decommissioning trust funds</td><td>252</td></tr><tr><td>4</td><td>other assets</td><td>41</td></tr><tr><td>5</td><td>total assets acquired</td><td>1020</td></tr><tr><td>6</td><td>purchased power agreement ( below market )</td><td>420</td></tr><tr><td>7</td><td>decommissioning liability</td><td>220</td></tr><tr><td>8</td><td>other liabilities</td><td>44</td></tr><tr><td>9</td><td>total liabilities assumed</td><td>684</td></tr><tr><td>10</td><td>net assets acquired</td><td>$ 336</td></tr></table> subsequent to the closing , entergy received approximately $ 6 million from consumers energy company as part of the post-closing adjustment defined in the asset sale agreement . the post-closing adjustment amount resulted in an approximately $ 6 million reduction in plant and a corresponding reduction in other liabilities . for the ppa , which was at below-market prices at the time of the acquisition , non-utility nuclear will amortize a liability to revenue over the life of the agreement . the amount that will be amortized each period is based upon the difference between the present value calculated at the date of acquisition of each year's difference between revenue under the agreement and revenue based on estimated market prices . amounts amortized to revenue were $ 53 million in 2009 , $ 76 million in 2008 , and $ 50 million in 2007 . the amounts to be amortized to revenue for the next five years will be $ 46 million for 2010 , $ 43 million for 2011 , $ 17 million in 2012 , $ 18 million for 2013 , and $ 16 million for 2014 . nypa value sharing agreements non-utility nuclear's purchase of the fitzpatrick and indian point 3 plants from nypa included value sharing agreements with nypa . in october 2007 , non-utility nuclear and nypa amended and restated the value sharing agreements to clarify and amend certain provisions of the original terms . under the amended value sharing agreements , non-utility nuclear will make annual payments to nypa based on the generation output of the indian point 3 and fitzpatrick plants from january 2007 through december 2014 . non-utility nuclear will pay nypa $ 6.59 per mwh for power sold from indian point 3 , up to an annual cap of $ 48 million , and $ 3.91 per mwh for power sold from fitzpatrick , up to an annual cap of $ 24 million . the annual payment for each year's output is due by january 15 of the following year . non-utility nuclear will record its liability for payments to nypa as power is generated and sold by indian point 3 and fitzpatrick . an amount equal to the liability will be recorded to the plant asset account as contingent purchase price consideration for the plants . in 2009 , 2008 , and 2007 , non-utility nuclear recorded $ 72 million as plant for generation during each of those years . this amount will be depreciated over the expected remaining useful life of the plants . in august 2008 , non-utility nuclear entered into a resolution of a dispute with nypa over the applicability of the value sharing agreements to its fitzpatrick and indian point 3 nuclear power plants after the planned spin-off of the non-utility nuclear business . under the resolution , non-utility nuclear agreed not to treat the separation as a \"cessation event\" that would terminate its obligation to make the payments under the value sharing agreements . as a result , after the spin-off transaction , enexus will continue to be obligated to make payments to nypa under the amended and restated value sharing agreements. .\nQuestion: what was the amount of revenue to be amortized in 2009?\nAnswer: 53.0\nQuestion: what was the amount of revenue to be amortized in 2008?\n"
},
{
"role": "agent",
"content": "76.0"
}
] |
CONVFINQA5058
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nintangibles 2014 goodwill and other : testing goodwill for impairment in september 2011 , an accounting standard update was issued that allows entities an option to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test . this standard is effective for annual and interim goodwill impairment testing beginning january 1 , 2012 . this standard will not have an impact on our financial condition , results of operations and cash flows . note 2 : merger and acquisitions holly - frontier merger on february 21 , 2011 , we entered into a merger agreement providing for a 201cmerger of equals 201d business combination between us and frontier for purposes of creating a more diversified company having a broader geographic sales footprint , stronger financial position and to create a more efficient corporate overhead structure , while also realizing synergies and promoting accretion to earnings per share . the legacy frontier business operations consist of crude oil refining and the wholesale marketing of refined petroleum products produced at the el dorado and cheyenne refineries and serve markets in the rocky mountain and plains states regions of the united states . on july 1 , 2011 , north acquisition , inc. , a direct wholly-owned subsidiary of holly , merged with and into frontier , with frontier surviving as a wholly-owned subsidiary of holly . concurrent with the merger , we changed our name to hollyfrontier corporation and changed the ticker symbol for our common stock traded on the new york stock exchange to 201chfc . 201d subsequent to the merger and following approval by the post-closing board of directors of hollyfrontier , frontier merged with and into hollyfrontier , with hollyfrontier continuing as the surviving corporation . in accordance with the merger agreement , we issued 102.8 million shares of hollyfrontier common stock in exchange for outstanding shares of frontier common stock to former frontier stockholders . each outstanding share of frontier common stock was converted into 0.4811 shares of hollyfrontier common stock with any fractional shares paid in cash . the aggregate consideration paid in stock in connection with the merger was $ 3.7 billion . this is based on our july 1 , 2011 market closing price of $ 35.93 and includes a portion of the fair value of the outstanding equity-based awards assumed from frontier that relates to pre-merger services . the number of shares issued in connection with our merger with frontier and the closing market price of our common stock at july 1 , 2011 have been adjusted to reflect the two-for-one stock split on august 31 , 2011 . the merger has been accounted for using the acquisition method of accounting with holly being considered the acquirer of frontier for accounting purposes . therefore , the purchase price was allocated to the fair value of the acquired assets and assumed liabilities at the acquisition date , with the excess purchase price being recorded as goodwill . the goodwill resulting from the merger is primarily due to the favorable location of the acquired refining facilities and the expected synergies to be gained from our combined business operations . goodwill related to this merger is not deductible for income tax purposes . the following table summarizes our fair value estimates of the frontier assets and liabilities recognized upon our merger on july 1 , 2011: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in millions )</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 872.7</td></tr><tr><td>3</td><td>accounts receivable</td><td>737.9</td></tr><tr><td>4</td><td>inventories</td><td>657.4</td></tr><tr><td>5</td><td>properties plants and equipment</td><td>1054.3</td></tr><tr><td>6</td><td>goodwill</td><td>2254.0</td></tr><tr><td>7</td><td>income taxes receivable</td><td>37.8</td></tr><tr><td>8</td><td>other assets</td><td>32.8</td></tr><tr><td>9</td><td>accounts payable</td><td>-1076.7 ( 1076.7 )</td></tr><tr><td>10</td><td>accrued liabilities</td><td>-40.7 ( 40.7 )</td></tr><tr><td>11</td><td>long-term debt</td><td>-370.6 ( 370.6 )</td></tr><tr><td>12</td><td>other long-term liabilities</td><td>-96.1 ( 96.1 )</td></tr><tr><td>13</td><td>deferred income taxes</td><td>-357.6 ( 357.6 )</td></tr><tr><td>14</td><td>net tangible and intangible assets acquired and liabilities assumed</td><td>$ 3705.2</td></tr></table> .\nQuestion: what was the total amount of cash and cash equivalents and accounts receivable, combined?\nAnswer: 1610.6\nQuestion: and what was the total amount of accrued liabilities and long-term debt, also combined?\nAnswer: 1117.4\nQuestion: how much, then, does the cash and cash equivalents and accounts receivable total represent in relation to this one?\n"
},
{
"role": "agent",
"content": "1.44138"
}
] |
CONVFINQA7927
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 verdicts have been appealed , there remains a risk that such relief may not be obtainable in all cases . this risk has been substantially reduced given that 47 states and puerto rico limit the dollar amount of bonds or require no bond at all . as discussed below , however , tobacco litigation plaintiffs have challenged the constitutionality of florida 2019s bond cap statute in several cases and plaintiffs may challenge state bond cap statutes in other jurisdictions as well . such challenges may include the applicability of state bond caps in federal court . states , including florida , may also seek to repeal or alter bond cap statutes through legislation . although altria group , inc . cannot predict the outcome of such challenges , it is possible that the consolidated results of operations , cash flows or financial position of altria group , inc. , or one or more of its subsidiaries , could be materially affected in a particular fiscal quarter or fiscal year by an unfavorable outcome of one or more such challenges . altria group , inc . and its subsidiaries record provisions in the consolidated financial statements for pending litigation when they determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated . at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , except to the extent discussed elsewhere in this note 18 . contingencies : ( i ) management has concluded that it is not probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss that could result from an unfavorable outcome in any of the pending tobacco-related cases ; and ( iii ) accordingly , management has not provided any amounts in the consolidated financial statements for unfavorable outcomes , if any . litigation defense costs are expensed as incurred . altria group , inc . and its subsidiaries have achieved substantial success in managing litigation . nevertheless , litigation is subject to uncertainty and significant challenges remain . it is possible that the consolidated results of operations , cash flows or financial position of altria group , inc. , or one or more of its subsidiaries , could be materially affected in a particular fiscal quarter or fiscal year by an unfavorable outcome or settlement of certain pending litigation . altria group , inc . and each of its subsidiaries named as a defendant believe , and each has been so advised by counsel handling the respective cases , that it has valid defenses to the litigation pending against it , as well as valid bases for appeal of adverse verdicts . each of the companies has defended , and will continue to defend , vigorously against litigation challenges . however , altria group , inc . and its subsidiaries may enter into settlement discussions in particular cases if they believe it is in the best interests of altria group , inc . to do so . overview of altria group , inc . and/or pm usa tobacco- related litigation types and number of cases : claims related to tobacco products generally fall within the following categories : ( i ) smoking and health cases alleging personal injury brought on behalf of individual plaintiffs ; ( ii ) smoking and health cases primarily alleging personal injury or seeking court-supervised programs for ongoing medical monitoring and purporting to be brought on behalf of a class of individual plaintiffs , including cases in which the aggregated claims of a number of individual plaintiffs are to be tried in a single proceeding ; ( iii ) health care cost recovery cases brought by governmental ( both domestic and foreign ) plaintiffs seeking reimbursement for health care expenditures allegedly caused by cigarette smoking and/or disgorgement of profits ; ( iv ) class action suits alleging that the uses of the terms 201clights 201d and 201cultra lights 201d constitute deceptive and unfair trade practices , common law or statutory fraud , unjust enrichment , breach of warranty or violations of the racketeer influenced and corrupt organizations act ( 201crico 201d ) ; and ( v ) other tobacco-related litigation described below . plaintiffs 2019 theories of recovery and the defenses raised in pending smoking and health , health care cost recovery and 201clights/ultra lights 201d cases are discussed below . the table below lists the number of certain tobacco-related cases pending in the united states against pm usa and , in some instances , altria group , inc . as of december 31 , 2017 , 2016 and . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>individual smoking and health cases ( 1 )</td><td>92</td><td>70</td><td>65</td></tr><tr><td>3</td><td>smoking and health class actions and aggregated claims litigation ( 2 )</td><td>4</td><td>5</td><td>5</td></tr><tr><td>4</td><td>health care cost recovery actions ( 3 )</td><td>1</td><td>1</td><td>1</td></tr><tr><td>5</td><td>201clights/ultra lights 201d class actions</td><td>3</td><td>8</td><td>11</td></tr></table> ( 1 ) does not include 2414 cases brought by flight attendants seeking compensatory damages for personal injuries allegedly caused by exposure to environmental tobacco smoke ( 201cets 201d ) . the flight attendants allege that they are members of an ets smoking and health class action in florida , which was settled in 1997 ( broin ) . the terms of the court-approved settlement in that case allowed class members to file individual lawsuits seeking compensatory damages , but prohibited them from seeking punitive damages . also , does not include individual smoking and health cases brought by or on behalf of plaintiffs in florida state and federal courts following the decertification of the engle case ( discussed below in smoking and health litigation - engle class action ) . ( 2 ) includes as one case the 30 civil actions that were to be tried in six consolidated trials in west virginia ( in re : tobacco litigation ) . pm usa is a defendant in nine of the 30 cases . the parties have agreed to resolve the cases for an immaterial amount and have so notified the court . ( 3 ) see health care cost recovery litigation - federal government 2019s lawsuit below . international tobacco-related cases : as of january 29 , 2018 , pm usa is a named defendant in 10 health care cost recovery actions in canada , eight of which also name altria group , inc . as a defendant . pm usa and altria group , inc . are also named defendants in seven smoking and health class actions filed in various canadian provinces . see guarantees and other similar matters below for a discussion of the distribution agreement between altria group , inc . and pmi that provides for indemnities for certain liabilities concerning tobacco products. .\nQuestion: what is the sum of cases in 2017 for individual smoking and health and smoking and health class actions and aggregated claims litigation?\n"
},
{
"role": "agent",
"content": "96.0"
}
] |
CONVFINQA6249
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n. <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td><td>2019</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>long-term obligations excluding capital leases</td><td>888810</td><td>753045</td><td>700608</td><td>1787451</td><td>3159286</td><td>7188751</td><td>14477951</td></tr><tr><td>3</td><td>cash interest expense</td><td>550000</td><td>517000</td><td>485000</td><td>399000</td><td>315000</td><td>654000</td><td>2920000</td></tr><tr><td>4</td><td>capital lease payments ( including interest )</td><td>15589</td><td>14049</td><td>12905</td><td>12456</td><td>10760</td><td>173313</td><td>239072</td></tr><tr><td>5</td><td>total debt service obligations</td><td>1454399</td><td>1284094</td><td>1198513</td><td>2198907</td><td>3485046</td><td>8016064</td><td>17637023</td></tr><tr><td>6</td><td>operating lease payments ( 11 )</td><td>574438</td><td>553864</td><td>538405</td><td>519034</td><td>502847</td><td>4214600</td><td>6903188</td></tr><tr><td>7</td><td>other non-current liabilities ( 12 ) ( 13 )</td><td>11082</td><td>20480</td><td>5705</td><td>13911</td><td>4186</td><td>1860071</td><td>1915435</td></tr><tr><td>8</td><td>total</td><td>$ 2039919</td><td>$ 1858438</td><td>$ 1742623</td><td>$ 2731852</td><td>$ 3992079</td><td>$ 14090735</td><td>$ 26455646</td></tr></table> ( 1 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2043 . ( 2 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2048 . ( 3 ) in connection with our acquisition of mipt on october 1 , 2013 , we assumed approximately $ 1.49 billion aggregate principal amount of secured notes , $ 250.0 million of which we repaid in august 2014 . the gtp notes have anticipated repayment dates beginning june 15 , 2016 . ( 4 ) assumed in connection with our acquisition of br towers and denominated in brl . the br towers debenture amortizes through october 2023 . the br towers credit facility amortizes through january 15 , ( 5 ) assumed by us in connection with the unison acquisition , and have anticipated repayment dates of april 15 , 2017 , april 15 , 2020 and april 15 , 2020 , respectively , and a final maturity date of april 15 , 2040 . ( 6 ) denominated in mxn . ( 7 ) denominated in zar and amortizes through march 31 , 2020 . ( 8 ) denominated in cop and amortizes through april 24 , 2021 . ( 9 ) reflects balances owed to our joint venture partners in ghana and uganda . the ghana loan is denominated in ghs and the uganda loan is denominated in usd . ( 10 ) on february 11 , 2015 , we redeemed all of the outstanding 4.625% ( 4.625 % ) notes in accordance with the terms thereof . ( 11 ) includes payments under non-cancellable initial terms , as well as payments for certain renewal periods at our option , which we expect to renew because failure to renew could result in a loss of the applicable communications sites and related revenues from tenant leases . ( 12 ) primarily represents our asset retirement obligations and excludes certain other non-current liabilities included in our consolidated balance sheet , primarily our straight-line rent liability for which cash payments are included in operating lease payments and unearned revenue that is not payable in cash . ( 13 ) excludes $ 26.6 million of liabilities for unrecognized tax positions and $ 24.9 million of accrued income tax related interest and penalties included in our consolidated balance sheet as we are uncertain as to when and if the amounts may be settled . settlement of such amounts could require the use of cash flows generated from operations . we expect the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe . however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , we are currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions . off-balance sheet arrangements . we have no material off-balance sheet arrangements as defined in item 303 ( a ) ( 4 ) ( ii ) of sec regulation s-k . interest rate swap agreements . we have entered into interest rate swap agreements to manage our exposure to variability in interest rates on debt in colombia and south africa . all of our interest rate swap agreements have been designated as cash flow hedges and have an aggregate notional amount of $ 79.9 million , interest rates ranging from 5.74% ( 5.74 % ) to 7.83% ( 7.83 % ) and expiration dates through april 2021 . in february 2014 , we repaid the costa rica loan and subsequently terminated the associated interest rate swap agreements . additionally , in connection with entering into the colombian credit facility in october 2014 , we terminated our pre-existing interest rate .\nQuestion: what was the sum of the minimum and the maximum interest rates?\n"
},
{
"role": "agent",
"content": "13.57"
}
] |
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